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“I’d like $10 million and $200,000 a month in cash flow.”
“You’re on Fantasy Island,” I said.
To say that her gap from Financial Baseline to Freedom Day was huge would be an understatement. We talked
about lowering her one-year Freedom Day goal to an objective that would still create tension and inspire her to
move ahead, but that wouldn’t feel so daunting that she might quit. She agreed to readjust.
“But I still have my vision to run a summer camp,” Patricia said. “A nonprofit, for underprivileged kids,” she
said, almost in a nervous whisper.
“Stunning,” I said. “Now let’s bring some reality to your Fantasy Island.”
Though it may not seem so, I was very supportive of Patricia’s desire to create the nonprofit summer camp. In
fact, I’m the founding board member of Life-School, an outdoor youth education program with a similar vision. I
believe a huge part of wealth building is philanthropy. Creating your own success and helping others is the most
rewarding venture. And if you create communities of people who also believe you have to give to get, you keep the
circle around you filled with genuine and sincere people. But if Patricia pursued her nonprofit summer camp before
she had her own feet on the ground, they’d both sink. She had the right idea—she just wasn’t ready for it. Patricia
needed to find her sequencing and do the right thing at the right time. I knew I couldn’t get Patricia to $10 million in
one year. I’m into steady and sure wealth building that’s sustained, not get-rich-quick schemes that evaporate as
quickly as they are produced. But I also knew we could change her life and get her well on her way. We wrote in her
new, more realistic goals.
Question 7: What Skills Do You Use to Make Money?