8 Steps for Creating Generational Wealth
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- Опубліковано 8 чер 2024
- 8 Steps for Creating Generational Wealth | Tom Ferry Podcast Experience
What is preventing you from creating generational wealth? I’m not talking about you making more money or hitting the jackpot - I’m talking about building serious wealth that will survive you when you’re gone.
As a coach to some of the top real estate agents in the world and a lifelong student of business mentored by some of its greatest minds, I’ve seen where true wealth begins. I’ve studied the successes, learned from all the failures, and I’ve found eight things that all wealthy people do, and all broke people don’t.
The fact is, creating generational wealth isn’t complicated - it isn’t easy, but it’s not complicated… And that’s why in this episode of the Tom Ferry Podcast Experience, I’m going to share with you the eight steps that I’ve learned which if followed precisely, are certain to transform your financial legacy. I’m covering:
• Investment strategies
• Cultivating the right identity
• Finding your way into the right rooms
• Financial management
• And much, much more
If your goal is creating generational wealth which will contribute to every other aspect of your life and provide for your family generations down the line, this episode is for you.
In this episode, we discuss…
00:00 - Learning from mentors
04:20 - What the wealthiest people do
06:35 - The biggest thing stopping you
14:25 - Forming your plan
16:25 - Get obsessed
23:00 - Identity
27:55 - The people you surround yourself with
33:14 - Don’t chase fast money
43:00 - Unwillingness to sacrifice
50:30 - Asking for help
1:01:46 - The 18 Questions
1:08:42 - Being intimidated by wealth
1:12:18 - A 20-year financial plan
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For the majority of my life, I’ve been passionate and dedicated to changing lives by giving away the very best strategies, tactics, and mindset techniques to help you and your business succeed. Join me as we take this to level 10!
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Now I understand that " Sacrifice" is not just about depriving your self on something that you want for something that you need. It's also about self control and being practical for long term goals. Amazing! 🙌🙌
I have made most of the mistakes you talked about. Just in the last 5 years I have been on the right track. Buy and hold real estate, don't just sell it is the biggest difference.
We learn from those mistakes and we correct! Congrats!
Tom I literally have watched every video you put out. I fill my days while working listening to your content. I look everyday for a new video and it is hard when you don't put out full length videos Because I really want to hear you and learn and grow! So with all that said, thank you so much for this video! It was exactly what I needed to hear. Thank you! And keep them coming. :)
Wow, thank you!
@@TomFerry I mean it! If you saw my history you wouldn't believe it. I love you content. It help me going as a realtor daily! Thank you so much for replying. I appreciate you taking the time. ☺️
I’m a Realtor in San Antonio. I have listened to you for many years. I have to say that this video is one of my favs. Thanks!!!!😊
Yay! Thank you!
Much appreciated Tom , thank you
I love the tell the 5 and 12 year old who knocks on for sale by owner home for you mommy! Made my day. Thanks Tom. One of my goals is to meet you one day for a conference and help with one of the podcast. 😊
Excellent epidode Tom. Thanks for getting real with us
Amazing! So SO many nuggets. Thank you for the amazing talk. I’ll be listening over and over❤
thank you for listening and doing the work!
@@TomFerry Keep the good stuff coming. Your content is worth more than gold these days!!
I fricken needed this!! Thank you Monica!!!
I just loved, inspired. Thanks
Amazing content Tom. I live in Adelaide Australia. I listened to this content while I am renovating a unit. You are one of the first and best coaches I follow. Thank you for making me rich with knowledge and inspirations 🙏🙏
This teaching is very insightful, thank you for the inspiration...Its all about long game...Good friends get intimidated by get quick rich scheme
Thank you, Tom! So much wisdom here. Much appreciated.
Glad it was helpful!
Great video and recap of the conversation from Summit. I’m already going deeper on it. Thank you!
Daniel, Thank you. Now the journey of doing the work!
I'm so glad that Garth Brooks is got his residency in Vegas...I'm sure I won't see it, but just knowing he's back does it for me.
legendary video
Thank you Tom for your wisdom!
You got it!
Just what I needed to hear! Thanks Tom
So glad!
Thank you for sharing!
My pleasure!
Thank you, thank you, thank you. I needed direction, a map; and you just gave it to me! I am so excited. I have paused this several times, figured out a rough draft of my P&L, set some short and long-term goals, wrote down the 18+ questions, text a friend who I feel fairly certain will be a great mentor, and thinking of others as I write this comment. From the bottom of my heart, thank you.😊
Great content as always!
Best video from Tom by far and thank you! Mind set is to be obsessed on what you want - Invest in real estate and wait - Willing to sacrifice!
Thank you so much, I've learned so much from you Tom.
Great information! This is my first time listening/watching you. But I’ll be back.
I'd be glad to see you back in the comments!
Amazing 🤩 So good. Thank you so much for sharing so much wisdom.
Thank you so much. You help me every day. Such great advice. Keep it up! You are so funny too!
Man Tom, I have to say, your story hits home hard. When I was 25, I set a goal that I'd buy my first house by the age of 30. I failed, but graciously. I closed on my home 20 days after my 31st birthday! However, I'm struggling to define how I'm going to reach my real estate goals. I will have a better comment about my real estate goals later!
Fantastic video which leads to a lot of soul searching still… love how passionate you are about wanting other people to succeed. I an in your coaching program for the last 4 months and have already noticed a huge shift in my mindset. Thank you!!!
❤ Keep me in the coop on your progress!
Tom is reiterating Earl Nightingale’s secret.
Napolean Hill (His mentor) and mine! Did you know my pops worked for Earl, he's also i my blood!
Hi Tom , I really surrender in the wrong path relationship not believe in me is a nightmare when I have to explain myself about how I'm going to wealth I don't have no support from in my environment everything is to discourage me, and I have huge barrier stability impact against me over my life that's why I can't find myself to succeed every wealth I suppose to receive kept by local government put in the hardship I didn't survive with a penny from my business coming in my hand everything keep secrets. Instead to have privilege they are created violent against me. I don't have a good relationship partner but drawing me down instead to back up me, I just want to separate my self from negative people in my environment. That's the only way to feel free myself.
Don't give up on yourself! There is always a way forward, we never face any challenges that we aren't meant to overcome. You can do it.
Is there a PDF for the 18 Questions?
❤
Dont go to Vegas anymore... Got it.. I agree 100%. Can we stop doing Elite retreat in Vegas every year?...
That’s the plan! How do u feel about Orlando? Miami? Nashville?
@@TomFerry that would be amazing. I saw speak in Miami 4yrs ago at Gary Vee's Agent 2021. That was a fun experience and good town to visit... Nashville would be great too, visit Jason Pantana's home turf...
Can anybody please share the video with 13 or 14M views? I am looking for it and can’t find it 🙏🏼