What It Takes To Go From $0 To MILLIONAIRE In 3 Years - Here's What To Do... | Tom Bilyeu

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 23 January 2023

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

So you want to be wealthy and financially free in 3 years? It’s not an impossible dream, stranger things have happened, but there are a few things to consider and today’s episode is food for thought on if you know the money game well enough to build your wealth and get rich in 3 years. Tom is giving a masterclass on all the things he’s learned from building multiple multi-million dollar businesses over the years. He isn’t someone that’s rich because he came from a wealthy family.

Tom is the successful entrepreneur he is because he took some hard lumps from life alone the way of figuring out that digging in his sofa for enough change to put gas in his car wasn’t the way he wanted to live. In this episode Tom is joined by David, Noelle, and George, answering their questions about what it takes to build the kind of wealth most of us believe would be amazing. Tom doesn’t claim to be a money expert, but does say with confidence that he’s learned to get very good at making money.

The key to getting rich he’s learned is understanding that this is a money game, and you can’t win the game until you learn the rules.

So, when you say you want to be rich or you think about how awesome it would be to actually start building the kind of wealth that changes the way your future grandchildren will live, make sure you become a “die hard executor” and know your risk tolerance. What does ‘being rich’ or ‘wealthy’ mean to you?

Follow Tom Bilyeu:

Website: https://impacttheory.com/

Twitter: https://twitter.com/TomBilyeu

Facebook: https://www.facebook.com/tombilyeu

Instagram: https://www.instagram.com/tombilyeu/

Sponsors:

Cancel unwanted subscriptions – and manage your expenses the easy way – by going to http://www.rocketmoney.com/impact.

Visit http://www.houseofmacadmais.com/impact and use code impact for 20% OFF your first purchase!

Get $500 off Peloton Tread Packages that come with accessories like a heart rate band, workout mat and non-slip dumbbells. Just go to onepeleton.com to get the deal.

Search for Travis Makes Friends, give him a follow, and check out a few episodes. And if you leave a review, mention that you heard about him from Impact Theory to be entered into a contest for some new Apple Airpods.

If you want to get on my daily routine, you can get 30 days free of Open by visiting withopen.com/IMPACT.

Are You Ready for EXTRA Impact?

If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.

Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.

This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.

Subscription Benefits:

Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
New episodes delivered ad-free
Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
Legendary Mindset: Mindset & Self-Improvement
Money Mindset: Business & Finance
Relationship Theory: Relationships
Health Theory: Mental & Physical Health
Power Ups: Weekly Doses of Short Motivational Quotes

Subscribe on Apple Podcasts: https://apple.co/3PCvJaz

Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	All right, so Tom, my question to you is, if I was starting from scratch, as in I had zero dollars, in your opinion, what will it take for me to get rich in three years?
0:12.0	Whoa, okay, getting rich in three years. That is a very aggressive timeline. The only way that you're going to get rich in three years, and we should probably define that,
0:21.9	I'll say seven figures or higher. Seem like a reasonable baseline. Okay, so the only way that you're
0:29.1	going to get that kind of wealth is, and I'm assuming that you're not able to invest something,
0:34.0	go buy something or something like that. So we're literally starting at scratch. So you're going to have to create a company, create something that generates a lot of value.
0:43.4	Typically, that's going to be a company. So you're going to create a company that meets a very
0:48.7	well-known need that has not yet been serviced by a product that is relatively easy to get across the finish line
0:55.2	and into the marketplace. It needs to be something that is going to resonate with social media,
1:00.3	and it needs to be something that doesn't cost a lot of money to get started. So either you're going to
1:06.7	layer on way better marketing. So if somebody has a solution to a well-known problem,
1:11.3	but they don't know how to market it, you can go and partner and say, hey, look, I understand
1:14.4	marketing. I'm going to be able to get this out there. Or if you have an information product that
1:19.5	can be associated with a known problem that you uniquely can solve, I happen to know a little
1:24.7	bit about your background. So if there's an element to working in the music industry, to becoming a professional singer, improving your voice, or something
1:32.4	like that that you really have a beat on that you know a lot of people are interested in, that you
1:37.1	could turn into a chorus, for instance, that people would really resonate with. That could be a
1:42.6	great one. The reason that I keep coming back to information products
1:46.2	is you're looking for something that doesn't cost money up front. If you're going to like take
1:50.4	Quest Nutrition, for instance, when we were building that, there was still a substantive amount of
1:55.9	investment that we had to make. Even just buying a bunch of protein powder was expensive, buying the liquid
2:01.9	fiber, you have to buy them in 55 gallon drums. So it's like there were still thousands of dollars
2:07.2	that we had to put in in the beginning. And so to find something that really takes little to no
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Impact Theory, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Impact Theory and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.