The fastest way to build wealth
(That your financial advisor might not tell you about)
…isn’t buying a house
…it’s not maxing out your 401(k) plan each year
…and it’s not something we’re ever taught about.
In my opinion, the fastest way to accelerate your wealth is to build your own successful business.
Here’s why.
A successful business has the “triple-dip” advantage
The first dip is the income your business produces for you and your family which isn’t limited.
The second dip has to do with the unique retirement investing options you have access to that W-2 employees don’t.
And the third dip is the asset you can create by building a successful business.
There are also a ton of tax advantages.
You see, a successful business is an income-producing asset.
A lot of people talk about the personal advantages of owning your own successful business (me included).
You know. More fulfillment. More control. More…you get the point.
The reality is that a successful business can become most business owner’s largest personal asset because, if it’s built right, you can sell it for a big ol’ premium.
And that big ol’ premium can be one of the biggest financial opportunities in your life.
So, here’s the next question…
What business would you start?
The idea has to be scalable enough so you can build a healthy business that has healthy value.
Personally, I’ve always struggled with the idea part
I’m just not wired to be able to conceptualize a new business idea from scratch
Or, at least one I would feel confident enough could scale.
That’s why I lean into franchising so much.
The same upsides are there – I personally know franchise owners who have and are going to sell their successful franchises for 6, 7, and 8 figures.
All with less risk than blazing a trail on your own.
Because here’s the thing…most people with the entrepreneurial itch have the skills and energy to build a successful business if they have a blueprint to follow.
So, the next question is how do you find the right franchise?
Well, here’s the thing.
There are over 4,000 different franchises out there.
Some are great businesses with an even better franchise system in place to expand the brand by partnering with talented people to replicate their proven and successful business model.
Some of these great franchises are sold out.
Some have opportunities available in certain markets.
Some are emerging and have tons of markets available.
Some franchises are good businesses with a solid franchise system in place and are steadily plodding across the county.
And some franchises you want to run away from because they have no idea what they’re doing.
So, how do you find the great ones to focus on?
And then how do you find the one that is right for you?
If you want to explore if there is a franchise out there that might be the right fit for you, I’m happy to help you.