1 Million New Millionaires by 2030
Helping a million people reach millionaire status is my goal.
This isn’t a projection for the total number of new millionaires the world will mint by 2030. That figure is unknowable and largely a derivative of how much money is created and what efforts are made to accelerate economic velocity over the next 4 years.
…it also depends how parasitic governments intend to be over this period — with tax rates, regulatory friction and all their other weapons of mass inefficiency that borders on theft of the People’s wealth and energy.
But that’s the story for another series.
No, this is my personal goal: to facilitate 1M+ people reaching millionaire status by 2030.
Nearly all of my goals growing up were pragmatic — achieve X in sports, get to Y place in my grade, succeed in Z industry… it was always about me and always about getting ahead.
As I got into the working world I witnessed extreme examples of this pragmatism among some of my colleagues devolve into dissociative icy greed. Each success was celebrated not with warmth or shared joy, but with a cold, calculating nod towards the next conquest.
Wall St is unfortunately exactly as Hollywood depicts: these ice monsters roam Exchange Place to Water Street… and all points between.
Wall St is also more than Hollywood depicts. I witnessed several kindhearted people who thought of themselves as true stewards of their client’s wealth. They took this responsibility gravely and felt loses in their bones.
Those were the ones I tried to become friends with and always learned from.
These bankers, brokers, developers and financiers ALSO happened to make a ton of money.
Turns out you develop longstanding relationships (who flow endless referrals) after you demonstrate that you are simply long-term greedy enough to respect people. No one has a problem with enterprise and efforts made to grow - in fact in America and many other parts of the world this hard work is celebrated and respected. People do take issue with transactional approaches.
We instinctually detect these attempts. Trust corrodes in the network and commerce stops because of it.
I didn’t want to invest energy building trust to lose it by acting transactionally.
I learned the art of relationship nurturing from my mentor Arthur Cohen. When I met him in 2009 he was already a legend and the lessons he shared about humility, resourcefulness and being lighthearted in adversity will stay with me forever.
He showed me that when you focus on helping other people win, you can’t help but win yourself.
In fact, if you make a real effort of constantly making referrals for your friends who own businesses and showing support in other ways… you will start to see it flow back your way.
A trickle at first. Suddenly the grace floods back into your life. Arthur had 3,000 friends all over the world who would have done just about anything for him — with just a phone call.
Where’d This Goal Come From?
I left Wall St because all of my energy was spent largely ensuring mid-market companies and wealthy individuals maintained their status quo — possibly increasing their net worth but focused mainly on preservation.
Our job was moving risk around - as far from our clients as possible via capital table evolutions, M&A deals and other mechanisms.
I didn’t enjoy moving risk around aka moving other people’s energy around. I wanted to generate some energy of my own and figured in the spirit of what Arthur showed me - the best way to do that would be helping other people build up their wealth.
I wanted to help other people step into a position of wealth vs maintaining wealth.
So I launched a hedge fund and worked “locally” to generate wealth for first generation wealth builders. This had limited scale so I needed to switch mediums and industries by pivoting to an “educate and excite” approach fusing marketing, communications and software development.
That meant I had a broader platform for wealth education (which sounds boring) so I think of it as sharing the “Death Star plans” for wealth. What are the mentalities, strategies, tactics and logistics of wealth? What are the underlying mechanics of wealth building?
If I can educate and excite people about the sovereign freedom that wealth provides — the ability to act on a wide range of options, the resources to make real impact… then I can convince them to build wealth engines for themselves.
I can help them see the compounding power of DRIP, or just the plain old power of passive income.
Once they get their first passive wealth engine flowing energy into their bank account this provides feedstock to power another new wealth engine.
On and on it goes.. once it starts. I also love exploring technology and all the powerful capabilities it opens up — especially in making money, operating businesses and developing assets.
The overlap between technology and wealth is one of the most important “pieces of real estate” humanity has.
There is a feedback loop between technology and wealth:
As we progress technologically we gain productive capabilities and efficiencies — these translate into additional advances in technology and these also help us build wealth with greater efficiency.
We channel these wealth gains back into R&D, the development of human capital and other channels that accelerate technology.
If we can get millions of new people participating inside this feedback loop then we will all massively benefit — I did back-of-the-napkin recently:
If I am successful at this goal it will create between $800B and $1T of wealth — the million people won’t be starting with zero wealth… just close to it.
Of more importance than the gross value that is created is the major widening and deepening of the “income base” from adding this many high-agency, high-efficiency wealth builders to the global economy. The secondary and tertiary impact will spawn multiples ($100T+) of value generation over the next 20-years to say nothing about the boost across all areas of culture and society.
Clearly the juice is worth the squeeze.
Now how do I find the orchard and get to work?
Making a Millionaire Maker
The broad plan is:
build an audience of 100M people
convince 1% of them to truly commit to building their wealth system
educate them on wealth building techniques, technology, mentalities and how to integrate them into their wealth system
I’ve been developing a “wealth copilot” app that uses AI to gamify the wealth building journey. I think this will help broaden the base and engage them as well.
In addition to using the app to spread the word I also recently launched Hacking Wealth, a new video channel focusing on the Wealth x Technology overlap.
There are many portals that people consume content through now:
X
LNKD
Rumble
YouTube
Substack
and dozens of others…
Video is growing in importance — its an evergreen asset serving a growing set of eyeballs worldwide. I’m going to focus on this medium heavily in 2024 and 2025.
As a part of this strategy I am starting to reach out to podcast hosts and other media folk in my network to share links to our videos + written content to showcase the wealth system concept and related topics.
Partnerships and other channel-specific strategies are also part of the marketing plan alongside primarily earned and owned media. Finding existing audiences and active conversations ongoing with aligned creators is a priority and massive opportunity to spread this message.
Regarding content I’m going to split the “problem” of building wealth into four domains:
mentalities
strategies
tactics
logistics
Mentalities of Wealth: The Foundation for Financial Success
The pursuit of wealth begins in the mind. Cultivating the right mentalities lays the foundation for financial success. These mindsets guide our actions, shape our decisions, and ultimately determine our ability to create and sustain wealth.
Long-term Focus: Wealth building is a marathon, not a sprint. Cultivate patience, discipline, and delayed gratification.
Growth Mindset: Embrace continuous learning, seek opportunities, and view challenges as stepping stones to growth.
Financial Literacy: Understand fundamental financial concepts like budgeting, investing, and risk management.
Resilience: Expect setbacks and market fluctuations, but maintain a positive outlook and adapt your strategies.
Generosity: Share your wealth with others through charitable giving or supporting causes you believe in.
These mentalities of wealth are not just abstract concepts; they are powerful tools that can shape our financial destiny. By cultivating a long-term focus, growth mindset, financial literacy, resilience, and generosity, individuals can lay a solid foundation for building and sustaining wealth. These mindsets guide our actions, inform our decisions, and empower us to navigate the complexities of the financial world with confidence and purpose. Remember, wealth is not just about accumulating money; it's about creating a life of abundance, security, and fulfillment.
Strategies of Wealth: The Blueprint for Financial Success
Once the right mentalities are in place, it's time to implement strategies that will pave the way to financial success. These strategies serve as a blueprint, guiding our actions and decisions towards building and preserving wealth.
Income Generation: Focus on increasing your income through career advancement, entrepreneurship, or side hustles.
Asset Accumulation: Invest in assets that appreciate over time, like real estate, stocks, or businesses.
Debt Management: Minimize high-interest debt and use leverage strategically to acquire assets.
Tax Efficiency: Optimize your tax strategies to minimize your tax burden and maximize your after-tax income.
Risk Management: Protect your wealth through insurance, diversification, and contingency planning.
These wealth-building strategies are interconnected and should be implemented in a holistic manner. They provide a roadmap for achieving financial success, but it's essential to remember that each individual's journey is unique. Adapting these strategies to your specific circumstances, risk tolerance, and goals is crucial. By combining these strategies with the right mentalities, individuals can create a powerful blueprint for building and preserving wealth, paving the way for a secure and prosperous future.
Tactics of Wealth: Putting Strategies into Action
While strategies provide the blueprint, tactics are the concrete actions that bring those strategies to life. These tactics involve specific behaviors, habits, and decisions that contribute to building and preserving wealth.
Budgeting: Create a detailed budget to track your income and expenses and identify areas where you can cut back.
Emergency Fund: Build an emergency fund to cover unexpected expenses and avoid going into debt.
Debt Management: Prioritize paying off high-interest debt and avoid accumulating new debt.
Negotiation: Develop strong negotiation skills to secure better deals and increase your income.
Frugal Living: Embrace a frugal lifestyle and find ways to save money on everyday expenses.
These tactics of wealth are practical actions that you can implement in your daily life. They require discipline, commitment, and a willingness to make conscious choices about your money. By incorporating these tactics into your financial routine, you can turn your wealth-building strategies into reality. Remember, small steps taken consistently can lead to significant results over time. It's about making informed choices, being mindful of your spending, and continuously seeking knowledge to empower your financial journey.
Logistics of Wealth: Managing the Infrastructure
While mentalities and strategies provide the foundation and blueprint for wealth creation, logistics involve the practical management and organization of your financial affairs. This includes everything from financial planning to legal and estate matters, ensuring that your wealth is protected and your wishes are carried out.
Expert Advisors: Seek guidance from qualified experts and advisors to create a stream of high-quality information that you can benefit from.
Investment Accounts: Open and manage various investment accounts (brokerage, retirement, etc.) to facilitate your investment strategies.
Insurance: Obtain adequate insurance coverage (life, health, disability) to protect your wealth from unforeseen events.
Legal Documents: Prepare essential legal documents (wills, trusts, powers of attorney) to ensure your wishes are carried out.
Record Keeping: Maintain organized records of your financial transactions and investments for tax purposes and future reference.
These logistical aspects of wealth management may seem mundane, but they are crucial for ensuring that your financial affairs are in order. They provide the infrastructure that supports your wealth-building strategies and protects your assets. By attending to these logistical matters, you can create a solid foundation for your financial future, ensuring that your wealth is managed efficiently, your wishes are respected, and your legacy is preserved. Wealth is not just about accumulating money; it's about creating a secure and sustainable financial platform for yourself and your loved ones.
Next Steps?
Complete first round of media
Review the videos and use them to improve message, delivery and anything else
Clip the best bits and send to 2nd and 3rd degree media connects
Rinse repeat and optimize until 100M eyeballs
Convert 1% to active wealth system builders
Achieve goal of 1M new millionaires walking around the earth adding more energy to everything else
There’s work to be done!
Updates to come.
After the wedding of course.
Priorities people!
🥺 Please follow our newly launched video channel Hacking Wealth, we need to reach a certain number of followers before Rumble will unlock a named URL. Thank you for helping us grow!
👋 Thank you for reading Wealth Systems. I started this in November 2023 to share the systems, technology, and mindsets that I encountered on Wall Street.
💡The BIG IDEA is share practical knowledge that can be applied toward the development and refinement of wealth building systems.
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