How to Make a Million Dollars Step by Step

Introduction

• The difference between financially successful people and those who are not.
• No theory, only practices applied by the speaker.
• Making a million dollars is no more difficult than making $100 or $1,000.
• Mental programming and limiting beliefs like "hard work is necessary" or "time is money."
• Importance of changing beliefs to achieve financial success.

Programming and Beliefs

• Story of the Israelite slaves in Egypt building bricks.
• Comparison with our current society: we build "bricks" that enslave us.
• Need to review and change our beliefs and habits.
• Erroneous belief: "making a million dollars is difficult."
  • Personal example: Earning $30,000 a year required a lot of work; assuming that earning a million would require 35 times more effort is a mental trap.
• Conventional education does not prepare for financial independence.
• Financial principles can be understood from fifth grade.

Steps to Make a Million Dollars

1. Don't assign a level of difficulty before starting: Successful people do not see things as difficult, they just do them.
2. Decide to do it: Deciding means committing without turning back, unlike choosing which allows for changing one's mind.
3. Discover principles and do the math: Simple math (addition, subtraction, multiplication, and percentages).
4. Disconnect income generation from time: Time is a limited resource; disconnecting income from time allows for unlimited wealth generation.

• Prefer productized services over hourly charges.

5. Create and sell products, scale them up: Example of a book that generates $20 profit:

Product Example

• Selling 50,000 copies of a book that generates $20 profit => $1,000,000 USD.
• Formula for multiplying numbers ending in zero.
• Increase the product's value and reduce the quantity to sell to achieve the same profit:
  • Audio course at $200 => Sell 5,000 copies
  • Full course at $2,000 => Sell 500 copies
  • Mastermind at $20,000 => Sell 50 copies
  • VIP day at $200,000 => Sell 5 copies
  • One million USD coaching program

Focus on Solving Other People's Problems

• Do not center products on oneself but on the customer's needs and problems.
• Focus on solving other people's problems.
• Different products are easy to sell because of the perceived value by customers, not their cost.
• Create products such that the cost of not buying them is higher than the cost of buying them.

Conclusion

• Summary of strategies to make a million dollars.
• Emphasis on the mindset and focus on the value generated for others.
• Invitation to apply these steps and change the way of viewing income generation.