Guidance from the Trailblazers
In 2019, I joined a men’s networking group for high net worth individuals called GoBundance.
Since joining their tribe, I’ve started a real estate brokerage, title company, property management company, mortgage branch office, and private lending operation.
Each one of those businesses were created from a specific person I met in the group and built a relationship with, who encouraged me to go for it.
While not every business performed the same, I have had the opportunity to stand on the shoulders of giants, and get their guidance, allowing me to advance in ways and speeds I never thought possible.
The amount of knowledge transfer in this group is tremendous. Most importantly, the knowledge is based on their actual experience, not something they read in a book or learned in school.
This week I was able to not only meet with my two accountability pods, but I also had the opportunity to learn directly from the GoBundance founders, and elders, including the authors of Tribe of Millionaires and Wealth Can’t Wait.
Here’s my notes from those meetings. I hope they are as helpful to you as they are for me. These are just notes, in my own words, and my own interpretation, not word for word what someone said.
GoBundance Notes (in no particular order):
Founders of GoBundance and Authors of Tribe of Millionaires & Wealth Can't Wait.
Notes:
dont mistake charisma for talent. there's a big difference.
happy with 15-18% returns on investments. Anything less than 10% you can do better. anything more than 20% returns per year is likely a Ponzi or just luck.
make money slow over time, decades, in core businesses.
play boring, slow, and grow. go for the easy shots and keep shooting.
the problem isn't money, it's working way too much. how do you make the same or more money, and work less? <-- this is the Q. be careful to tie your self-worth to your sense of productivity.
capitalism is a trick. it's not about getting the most money out of life, it's about getting the most life out of life. it's about growing in different ways, not just making money.
there's times when you have to roll up your sleeves, do the work, and solve shit. like in 2008-2011 when everything fell apart. you have to step up and do the work. increase income, cut expenses. the answer is simply: find better ways to increase your income. you can only cut expenses so much. 1999 and 2008 both times, going through those moments make you who you are. keep grinding. you are so much better on the other side. you just become so much more.
keep looking at your numbers and be brutally honest with yourself. pay attention.
it's amazing what you can accomplish over 10 years. so dream REALLY big, you have no reason not to.
work on you. go inward and work on yourself first. show up everyday and do everything you can do to show up daily for you, your family, and everyone in your world. then let the chips fall where they may, because you sleep like a rock when you know you are giving it your best.
who you are and who you hang out with is everything.
first money is made managing yourself and doing the highly productive activity. then you make millions based on who you hire and finding excellent people. you then can multiply those millions through systems and leverage. lastly then hire leaders instead of hiring followers.
know your vision and know your goals, keep them in front of you.
know what you can control and what you cannot control, and have the wisdom to know the difference.
the guys who stay in baseball the longest are the ones who hit base hits over and over again. singles can turn into home runs.
be clear and intentional with your goals and how you interact with them so you control your life and you don't let your life control you.
friendship comes 3rd in the pod. transparency and accountability come 1st and 2nd.
once you hit $10M, don’t bet the farm.
spend time in service to others and nature to keep your cup full.
never buy into stories or larger risk over the stable investments.
when people are greedy, be fearful, when people are scared, be greedy.
don't trust without verifying, even if you know the person.
don’t personally guarantee things you don't control and sponsors need to have money in the deal.
there is power in liquidity.
be more selective of who you do business with.
get rid of headaches and simplify.
Thanks for reading! What stood out to you? Comment or email jon@movewithmomentum.com. Cheers!