Everything I make THIS CHANGE - I ended up making more money.
To start, 15 years ago, I used to work at a supermarket.
I took heavy boxes of oranges and threw them onto the countertop so people in Chinatown could rush over and buy fresh oranges.
I made $20 an hour.
It was pretty decent for a university student back in the day.
Then, I work at KPMG as a staff accountant (the grunt) - A business model change
I worked a lot of hours but I got a fixed salary. It is not so much about hours to time but the quality of my work to get to promotion.
I made $50,000 per year.
Then, I got promoted to manager (I manage 3-5 teammates per job) - A business model change
I got my CPA and also CFA level 1 exam.
I made $100,000 a year managing people to produce results. It is not about me working 100 hours a week but getting the team to collaborate and collaborating with the clients to achieve the goal
Then, I started my own education academy - Investing Accelerator - A business model change
Instead of selling my time, what's important is the asset (e.g. the knowledge, the course, the strategy) and whether or not I am able to help my customers to solve a specific problem
I made mid-high six figures in revenue.
Then, I developed the monthly passive income strategy in Investing Accelerator - A business model change.
It's not so much about selling my assets (e.g. knowledge), but taking on calculated risk where the odds are in my favour using my capital.
This scales with the amount of capital I deploy into the strategy (e.g. $300K to aim for $100K per year)
As long as I understand the odds are in my favour (90%+ win rate), I can deploy my capital to work for me, with a reasonable expectation that I would succeed.
Sometimes, making more money isn't about using more hours. But it is about changing your business model and how you deliver value to the world.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
In December, my goal is to help 5 people without a financial background to master investing through Investing Accelerator.
Investing Accelerator is designed for people without a financial background.
The goal is to achieve 30% return per year.
In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.
In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get target 30% per year. During the call, we will map out exactly how you can achieve target 30%, what you are lacking, how you can improve. If you have any questions about the program, you can ask during the call as well.
Remember to go to the Classroom tab for additional investing resources.
Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.