Would you like to learn how to become a millionaire starting from $0 because I am going to show you the way leading by example?
I’m here to show you how I do it starting from less than zero, one week at a time, and take myself into being a millionaire.
Anyone can make a course and tell you how they became a millionaire after the fact. Who is wild enough, brave enough to say, “I’m going to be a millionaire. I’m going to start from having less than $0 and I’m going to show you exactly how I do it.”
This is the part most of us need help with.
If you want to become a millionaire, the first step is to believe and be certain that that’s your destiny, that that’s where you’re going, and how can I share that and teach you that any better than by leading by example?
The first question is to ask, “Why be a millionaire?”
I imagine having over a million dollars in assets and cash.
How would your life be different?
What if you had that?
What would you do today?
You’d be free from any worries about needing to make money in the short term.
You’d be able to totally focus on doing what you really want to.
You’d have a lot to give back with and help other people.
You’d have full freedom for yourself, giving you the ability to help other people make the lives of their dreams, to do what you’ve always wanted to do, to attract anything into your life that you wanted from the perfect partner, the perfect place to live.
Having millionaire status is the gateway to having total freedom into the world.
Having an extraordinary life is the benefit that is possible being a millionaire, although many don’t exercise it. Our goal is to clearly define being a millionaire and show exactly how to get there.
This is my definition of a millionaire, which appears to agree with many others.
You’re a millionaire if you’ve got assets, which are things that can be converted to cash but aren’t exactly cash, things like stocks, bonds, a house, investments, these are things that could be sold for an appraised value and you combine that with how much cash you have.
Then, you subtract any debts that you have. If that figure is more than a million dollars, you are a millionaire.
Naturally, your status as a millionaire depending on how your assets, cash and debt stack up could change within a day. You might have $1 million in the stock market one day and have nothing the next day, or you might have a hundred thousand one day and have a million the next day.
The goal is to have an enduring definition and identity as a millionaire.
Personally, I intend to have at least $500,000 in cash in the bank, to have my house completely paid off to be free from debt and have a few hundred thousand in investments.
This way, my millionaire status is very sturdy. I’m not likely to lose it in one day because of a stock market fluctuation, and I’m not likely to gain it in one day either.
I’m showing you this because I want you to know how to become a millionaire even if you don’t have a dollar in the bank right now.
You’re looking at me, you might think I already am a millionaire, which if somebody praised my business, maybe someone might think I’m a millionaire.
I think and feel like I’m a millionaire even though if you look at my net worth, it’s actually less than zero.
My wife and I own over $600,000, which student loans and a mortgage is the majority of that. If you take away the value of my house, which is about $300,000, my wife and I own $300,000 more than we have in assets and cash.
That means, I’m starting from $300,000 behind even zero.
I need to have a $1.3 million difference to get to being a millionaire.
That means if you’re starting from zero or maybe a few hundred thousand in debt, you might be ahead of me and I’m sharing this with you because the most powerful course I can make is to lead by example.
Anyone can tell you, “Look, I’ve got $1 million. Let me go back and show you what I did.”
It really will sink in for you when you realize you’ve got to make this a reality in your head before it comes into reality in the rest of your life.
I am teaching this course.
This is my unique path.
If you want to be a millionaire, you need to find your unique path and here’s a focusing question I will give you to help you see what your unique path is.
Here’s the question: “What’s the one thing you would love to do that people will give you $1 million, make you a millionaire for doing it?”
That’s your unique path.
I don’t know what your unique path is.
What I can do is show you how I walk my unique path from day one and walk it from negative $300,000 to millionaire status.
This is my unique path.
My unique path is teaching.
Teaching is the one thing I can do that you and the people around you will give me $1 million to do it.
I know because I’ve already made over one and a half million dollars online and the reason I’m not a millionaire is because I’ve spent that money.
Being a millionaire is about cash flow as much as it is about making money. It’s about how you take in and keep, and then send out the money you’ve got.
What I’m doing is making a video course each week where I’m showing you exactly how I do this. I’m beginning with a very concrete vision that my wife and I have over a half million in our bank accounts that we have our house completely paid off and that we’ve got a few hundred thousand dollars in investments, which total over a million dollars.
I will have the house appraised and have a statement with the investments and I already am imagining showing you the completed results of this, and that is how you become a millionaire, it begins with the end in mind.
If you’ve read “The 7 Habits of Highly Effective People,” that’s the most memorable habit. Begin with the end in mind.
I’m already picturing the video I’m doing where I show you: “Look, here’s my bank account. Here’s my wife’s bank account. These bank accounts add up to $534,000. Here’s my house, I just got it appraised at $330,000, and here are the investments my wife put in her portfolio. She’s got $100,000 in this portfolio and here’s my investments. In my portfolio there’s $120,000 in there. That adds up to over $1 million. I’ve done it, I’ve done it! I’ve made it to millionaire.”
I’m saying this today when my objective reality doesn’t agree with that assessment at all.
If you want to become a millionaire, you must start in your mind.
The mind is where everything begins and when you can see where you’re going, it’s like going somewhere in your car. If you’re getting somewhere in your car, you put your GPS in, you know exactly where you’re going, and then you drive there.
When you start with a vision, you will get there. When you combine that vision with action every single week and you refuse to go anywhere else, you refuse to stay in poverty or stay in debt, and you just go there, and what’s amazing is you might think, “Oh God, he’s going to charge us like $5,000 for this course or something.”
No, I’m actually going to get there because I’ve already seen a lot of the journey. I had a very clear vision for this last night and I’ve already seen a very clear vision.
I’m actually going to get there by giving this entire course away, totally for free.
I’m going to show you totally for free how I do this from the very beginning and give it away.
You’re like, “What? How are you going to make money doing that?”
There are a lot of ways I’m able to make money on it.
Technically, this course will cost $9.99 cents on my website. However, I’m using a free coupon with the code “millionaire1” and the code will update in every different video I do.
I’m giving this course away totally for free because I want you to be a millionaire also.
I want you to have the freedom to give your gift to the world. When you can give your gift to the world, I get to experience that.
Let’s say you’re an amazing musician, but you’re stuck in a 9 to 5 job that you hate and you’re not making music.
I’m missing out.
I’m listening to the music you would make if you were a millionaire, and I want you to make that music for me, and I want your neighbor who can cook to cook for me, and I want their neighbor with an incredible idea for how to clean up the oceans, to be able to run that and clean our oceans up.
I want all of us to be able to go forward with our gifts.
This is my gift.
I can teach.
I can make courses like this where there’s no objective reality except one little thing. You need a point of faith.
I got a random email the other day from one of my followers.
He said, “Jerry, keep it up. No matter what you do, keep it up. You’re going to have $1 million in the bank one day.”
That was my sign from the Universe to get clear with my vision, to look at exactly what I do want. I want to be a millionaire and I want it bad. I must be a millionaire. I’ve been in debt since I was 18 years old and I went to college.
I have never experienced the life as an adult, even just not being in debt more than the first summer before I went to college.
That’s the only experience I have not been in debt. I had a couple thousand in the bank, and I look around and I see other millionaires, and I say, “I want that and I want it bad because right now my kids have no college savings.”
My payments, I spend thousands of dollars a month on the money I earn on interest alone. My largest number one expense is interest. Paying other people who’ve loaned me money, and I want to be the one that’s loan in money out and collect an interest.
If you want to be a millionaire today, join my course totally for free.
Watch my videos every week. Watch how I do this.
Watch how I start from nothing but faith, nothing but faith.
There’s nothing at all in this Universe, except that email I got, that has given me an indication that this should or will be a reality. It’s all in my head.
I’m going to bring it into reality and I’m going to do that in a way that helps you because the last thing is conditions.
I’m not willing to lie or cheat or steal to make $1 million.
I’m not willing to make $1 million in a way that’s dishonorable or in a way that I wouldn’t be comfortable sharing.
I’m also not willing to work or struggle to make $1 million. I want to make $1 million doing what I love, which is teaching.
I want to make $1 million in a way that empowers you.
If I just take from you and I don’t give you any value, I’m not interested in making money that way. I want to help you give your gift to the world and empower you, and while I make $1 million, I want to help you make 10 or 100 million dollars as a function of me making that million dollars.
These are my limits and conditions. I’m not allowed to do anything outside of those boundaries, and I’m not allowed to work more than four hours a day on average to make this happen.
I watched a video from Dan Lok last night.
Millionaires value their time and that means I value, I act as if I’m a millionaire already.
I don’t think that the world needs to give me something, and then I’m a millionaire.
I’m a millionaire right now and the reality will match that.
It already is a reality in my heart and my mind, and this course is my vehicle to bring it into reality.
I trust that when you’re ready for this experience, you will jump in Jerrybanfield.com/millionaire and join the course totally for free.
This is the first video in it.
This video will be converted to a podcast and a blog post, and shared as an email to my subscribers every week.
The videos will be available a week early on my website.
Then they will be released a week later on YouTube, podcast, blog and on my email list.
The videos, the whole course will be shared totally for free on YouTube, totally for free on my podcast, totally for free on my blog, totally for free with coupon code “millionaire1” on my website.
I plan to have incredible things like $100,000 contest for whoever can give away the most free coupons on my website that when I hit that millionaire status, I’ll give that $100,000 away. I’ve got ideas where I will make lots of online courses.
The question for me is, and the question for you to wrap this up, “What’s the one thing you can do this week that will take you closest to being a millionaire?”
“What’s the one step you can take that will make the biggest advance in your journey towards being a millionaire?”
For me, it’s filming video courses. That’s what I can do and what specifically do I need to do? Which course is the one course that is going to help me make $1 million more than any other course.
This course, that’s why I’m filming the first video right now.
Every week, I will share my updates, my progress, what I’ve done since I made the last video, and as the course continues, it’ll go from a place of total faith.
As little bits begin to manifest and my business continues to grow and pick up, and you’ll just be amazed to see, “Wow, look how he thought this was going to happen and it started to happen a little bit.”
Then it happened more and more, and by the end of it, the whole first 90% of the course might be zero or $100,000 or actually negative $300,000 to $100,000, and all of a sudden the last million dollars may roll in relatively quickly or it might not, I don’t know.
It’s not up to me to tell the Universe in what timetable this is to come in. It’s up to me to specify clearly what I want. Then look at what’s the one thing I can do today to make that happen.
This is the best idea I have for today.
I’m so grateful to share it with you and I trust when this makes a big difference in your life, you will be able to follow the exact steps I follow to become a millionaire yourself.
When you look back and say, “You know what changed my life? What really led me to believe? I watched this course by Jerry Banfield about how to become a millionaire and he started it from a place of faith and went through the whole course, and I followed it and he did it.”
I then said, “If he can do it, I can do it.”
There you go.
I love you.
Edits from video transcript by Michel Gerard.