How most wealthy people really made their money

Dear Subscriber,

Have you ever wondered how the world's wealthiest individuals accumulate their fortunes? 

Most people assume they have very profitable companies, or they’re smarter, or they work harder. 

But what If I told you the main path is none of these. 

Contrary to popular belief, the majority of the Ultra High Net Worth (UHNW) build their wealth from business exits not entrances. They become millionaires from an equity transaction, billionaires from a series of transactions. Usually they need several tries at businesses before they truly hit the big leagues. 

Most successful business owners made a sale in the early-mid stage of their career that made them above average, but not ultra wealthy. They needed to use the lessons learned from that business to make the next one better and more efficient. Very often a business that can scale quickly to seven figures in revenue is not suited to cross the eight figure mark: the market is too niche, there’s a shortage of talent or advertising starts to become saturated.

They’ll need to reset what business vehicle they’re in and go for a industry that has the capacity to scale beyond what their current capacity is. That’s why taking a breather through a capital event and having time to plan your next moves is more important than a grind mentality. In the gym, a workout tears down muscle, only in recovery does muscle build back up stronger and faster than ever before. After a sale these entrepreneurs were able to turn their experience into a business algorithm for building equity and scaled their new ventures much more quickly and smoothly than their previous business, with far less growing pains.

 

Turning paper net worth into actual cash is one of the rarest and most valuable skills to have as an entrepreneur. We want to fill in that knowledge gap so entrepreneurs can realize the true cash value of their work. In our upcoming editions of Unlocking Wealth Weekly, we'll explore the fascinating world of billionaire wealth creation. Get ready to uncover the secrets, strategies, and mindset shifts that have propelled individuals to the pinnacles of financial success.

Stay tuned for insights that could transform your approach to wealth building forever.

Warm regards,

Unlock Wealth Weekly Team