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seat, Loral, I’m never going to give up that seat.”
With each $3,000 monthly payment that Chuck made to pay off his debt, he made a contribution to his Wealth
Account. He was also able to set up a holding account, or a corporate Wealth Account, in his business’s S corp and
in the LLC. He put $1,500 into each of these and $1,000 into his personal Wealth Account, for a total of $4,000 a
month.
As the Cash Machine generated more income, and the Wealth Account began to grow, and Chuck was able to
retain more of his earnings because of his entities and forecasting, he was able to start considering his Assets
building block. Given that Chuck had no real assets to reallocate, we would use the money he was generating from
his Cash Machine to create assets. After his tutoring company was up and running for a few months, Chuck had
enough in his Wealth Accounts to buy one small cash flow–producing property in the Midwest. It was then his
objective to purchase one house, every other month, for a total of six houses over the next 12 months.

Through his action, Chuck changed his Conditioning and came to realize that no matter how much money he
made, and debt he had, he could still invest and build wealth. He also learned that he had a much greater capacity to
make money than he thought possible. Chuck’s approach to his Cash Machine was inspiring, even to him, and his
success gave him the confidence to grow the business even bigger and really accelerate his Wealth Cycle.
Chuck had surrounded himself with others in debt, as well as those who made little money. He traded up to find a
millionaire mentor who helped him collect the right professionals to support his wealth-building process, and fully
committed to the Teamwork and Leadership needed to be successful. Only 30 and unsure that his chosen profession
was going to satisfy him in the long run, Chuck had put himself in a good position to make the choices toward a
more fulfilling life.

Removing the Greatest Barrier to Wealth
Building wealth from a position of great debt takes courage, discipline, and positive energy. I realize this is a
difficult scenario from which to create wealth, but I also know that getting out of debt and building wealth is very
doable. Chuck Wallace is just one of many clients with whom I’ve worked who had a lot of debt, no assets, and
limited income. But by focusing on the Cash Machine and retaining those new earnings through entities, Chuck, and
many clients like him, become more conscious of spending and more focused in their determination to put dollars
into the Wealth Account and manage their lifestyle. In time, this leads to the capacity to eliminate debt, build assets,
and enjoy a lifetime of your money making money for you.

Seven Wealth Cycles