• Mike Dillard
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  • If You Own A Business, This Email Will Save You, And Make You A Fortune, Without The Need To Spend A Dime...

If You Own A Business, This Email Will Save You, And Make You A Fortune, Without The Need To Spend A Dime...

If you own a business, what I’m about to share with you is one of the most valuable light-bulb moments I’ve ever had when it comes to money and building wealth…

And here’s the good news… What I’m about to share with you won’t cost a dime to implement, and it can make you a fortune if you do it…

When you’re an entrepreneur, it’s incredibly easy to see the money that comes into your merchant account on a daily basis, as money, “you’ve made”…

So if you brought in $30,000 for the month in sales, it feels like you made $30,000… And it becomes extremely easy to build a life-style around that illusion.

But as we all know, every business has expenses…

So let’s assume that you run a profitable online business with a 50% profit margin after ad-spend, software, customer support, etc… Throw in taxes, and let’s say that you end up at 33%…

Here’s What That Means When It Comes To What You Make, VS What Things Really Cost… 

It means that all of your bills actually cost you 3X more than you think they do…

Here’s an example…

Let’s say you’re driving around in your new Porsche that has a $2,500/Mo payment…

It’s your dream car, and you’re making $30,000 a month so you can afford it right!?

Well in order to make that payment, you don’t need to make $2,500… You actually need to make $7,500 in sales because of that 33% profit margin…

And your $6,000/mo mortgage or rent payment? You need to make $18,000 in sales per month to make that payment…

That dinner date for $150 last night? In reality, you had to make $450 to pay for that…

And the $5,000 trip to Hawaii? It wasn’t $5,000… You needed to generate $15,000 in sales to cover that expense…

This is why it constantly feels like you’re behind on your finances, despite the fact that you’re making $30,000 a month, and that your car and mortgage payment only add up to $8,500…

In reality, you had to make $25,500 in sales just to pay for those two items.

If You’re Starting To Understand How Powerful This New Way Of Looking At Your Finances Is, Here’s What You Need To Do Next…

Call up your book-keeper or CPA, and have them tell you want your net-profit actually is…

Is it 20% 40%? 60%?

Once you know this number, then you can calculate how much everything in your life actually costs when measured in revenue…

If you’re operating at a 20% margin, everything costs you 5X more than you think it does…

If you’re at a 40% margin, they cost you 2.5X more…

And if you’re at 60%, they cost you 1.6X more…

I can tell you right now, all of your expenses actually cost you MUCH more than you think they do…

Once Michelle and I realized this, it made it incredibly easy to sell the Porsche, the Ranger Rover, the boat, and everything else…

That $12,000 per year for our boat slip on Lake Austin? I had to make $36,000 per year in sales just to pay for that…

The $2,500/mo boat payment? $7,500 per month, or $90,000 per year in sales…

Once you do this, you suddenly realize why you’ve had to constantly work so hard, and why the money you make seems to just disappear as fast as it came in.

Ideally this will motivate you to do the same thing we did, and once that happens, you can take all of the money you saved and start to invest it instead… Ideally into cash flow assets like real estate that reduce your taxes and increase your net profit margin…

That’s when the real magic starts to happen…

After all, the fastest and easiest way to make more money and to build your wealth, is to simply spend less of it, and keep more…

Just as the fastest way to change your health isn’t to ADD supplements or anything else… It’s by simply REMOVING the stuff you’re consuming every day that’s making you sick.

With that being said, I could use your help… Check out the poll below and let me know what you want help with the most!

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Sincerely,

Mike Dillard ✞