How to make a million dollars quickly?
Starting from zero.
I know, I know.
Making a million dollar sounds really, really hard, doesn't it?
Well, it's nowhere near as hard as people try to make it seem.
I'm going to tell you exactly how to do it.
And most importantly how to do it quickly, let's go.
I'm going to share with you a detailed step-by-step process on how to go from zero to millionaire
in less than a year.
I'm going to share with you my biggest secret on how I learn to get large sums of money
as I earned a million dollars.
And I'm going to share with you my dirty little secret on how to use other people's money
or OPM to get there even faster.
So, let's talk about what it means to be a millionaire because there are 3 definitions
that we need to define so you know exactly which one you are going for.
So, first, we have a millionaire by money.
Basically, if you have a million dollars in cash, obviously, you are a millionaire.
Now, this is probably the one that most people are thinking of.
They want a million dollars in cash to be a millionaire.
But this is probably not the one that you want to go for.
And probably not the best way to be a millionaire.
But we're going to get into that.
The second way to be a millionaire is a millionaire by assets.
Meaning, your assets minus any liabilities on them equal out to a million dollars.
So, for example, if you have 5 houses and they were all worth $200,000 and you had no
liability on them, no mortgage, then you would be a millionaire.
You would have a million dollars of assets.
And so, you would be considered a millionaire.
And then the last way that most people don't really think about is earning a million dollars
per year.
Okay?
Earning a million dollars per year to me is the best way to be a millionaire and how most
people actually are millionaires in my mind.
So, to be a millionaire and make a million dollars per year, you need to make at least
$83,333.33 every single month.
Basically, when I decided that I wanted to be a millionaire and earn a million dollars
per year, I divided a million dollars by 12 and that's the number that I came up with.
And to be very honest with you, it was very daunting.
I felt like, "Oh, my God, there is no way I am going to be able to make this much money."
That number just seemed crazy to me.
Even though at the time, I was making over $10,000 per month.
I was making over $100,000 per year.
But taking my income from $100,000 a year to a million dollars a year just really seemed
crazy.
It was 10x-ing my income and it definitely seemed like something that was hard.
But let me tell you, baby, it was not.
I just takes a simple plan.
And I'm going to tell you exactly step-by-step how you're going to do it and make a million
dollars a year.
Because that's the one I think you should focus on.
So, when I started from my parents' basement, I was broke, I had multiple foreclosures and
I had terrible credit.
It was a very bad situation.
So, I was in a position where I was actually making no money at all.
I was going to school full-time and I was a mom of 2 with one on the way.
It was a very scary situation for me but I knew that I wanted to do real estate because
I had made money in real estate before.
However, with bad credit and no money, real estate was a really difficult thing for me
to try and get back into.
But I was absolutely wrong about that.
The way that I have been doing real estate before got me in my parents' basement.
But that was because I had no idea what I was doing.
I literally was flipping houses with a full-time job.
I was in my early 20's and I had no idea what I was doing.
So, when the market crashed and I lost my job and my husband lost his job, we lost everything.
We had no idea what we were doing.
But the way that I turn this around when I was in my parents' basement with bad credit
and no money is I learned how to find property problems.
I learned how to find people that we're behind on their mortgage payments.
Maybe in bankruptcy or going through a divorce or they inherited a house they don't want
or they got relocated or the roof is falling.
Or a myriad of other awful things that were going on with their property where they would
want to sell it at a discount.
He told me how to find these people with letters and flyers and bandit signs and all of these
really low-cost things.
And I was able to learn how to start making $5,000 per deal.
And I was able to do at least one of those deals per month.
And again, I was just getting started.
No where near to the level what I can do now.
So, as I side hustle, I started to make more money.
And I realized that was going to be an important key to making a million dollars quickly.
I needed to increase my income.
Instead of trying to cut back on what I ate for lunch and not drink Starbucks and all
of that foolishness, I needed to earn more money.
So, once I had this side hustle that could pay me 5-10 thousand dollars per deal, I was
able to get a job and even still do those things on the side.
Now, I'm not recommending you go work for other people.
That's what Noelle did.
But it was an easy way for me to then have 2 streams of income.
I had the money for my job and then I have wholesaling on the side.
And if you can do that and create multiple streams of income, you can quickly start to
make a million dollars.
So, let me tell you the next step.
The second thing that I did to make a million dollars quickly was I started to deal compound.
My coach taught me that I should start where I was because I had bad credit and no money,
I needed to start wholesaling.
But really and truly even fixing and flipping and rental properties starts the same way.
You need to find properties that are at a discount.
So, the skillset that I told you where you use your bandit signs or letters and things
like that, it works even if you're fixing and flipping or if you're just trying to get
rental properties.
And so, what I did was something called a deal compounding where I would take money
from wholesaling.
You know, I was taking the $5,000 profit and then I started fixing and flipping.
Because again, now I knew how to find properties at a discount.
I knew how to find people that were having an issue and flip those properties.
So, then I started fixing and flipping and making 60, 70 thousand dollars per deal.
Fun fact, if you look this up, the average profit on a fix and flip last year was over
$65,000.
Yeah, that's not a Noelleism.
Look it up on RealtyTrac.
So, flipping houses is very profitable.
And now just think, if you could get 5 thousand, 5 thousand and then you get another check
for 60 or 70 thousand dollars, you can really start to do something.
And so, this is what I was saying.
You start where you are and then you compound.
You take the money from the wholesaling then you do fixing and flipping.
And then I got into rental properties.
And that's how I was able to quit a 6-figure job.
Started with wholesaling, move to fix and flipping and then got rental properties and
then quit my job.
And through each step, I was able to keep monetizing all of my leads, all of the people
that were calling me with property problems, I was able to do something with.
Whether I wholesale that deal or I fix and flip it or if I kept that as a rental property
or even if I gave that lead away to a real estate agent and made money.
Again, I teach you guys all of these absolutely free.
I have whole video on real estate investing on YouTube and it's absolutely free.
Make sure you check out that entire video.
But this is how you can start getting large sums of money fixing and flipping.
So, fixing and flipping is a great way to start getting large sums of money in while
you're earning money on the side.
Again, don't do it the stupid way that I did in 2002 and 2003.
Do it the way that I do it now where I find off-market properties and I fix and flip them
and I make about $65,000 on each flip.
The next important thing when you're talking about making a million dollars quickly is
you have to break it down.
So, like I said, when I said that I wanted to make a million dollars per year, I knew
I had to break that down even smaller.
So, then I broke that into $83,000 per month.
But then I broke that down even smaller.
Like, "Okay, I'm going to get $10,000 from my wholesaling.
I'm going to get 5,000 from here.
I'm going to get 2,000 from my books.
I'm going to get $1,500 from my car.
I'm going to get this one from my rental properties.
This is how you break it down.
You're not going to try to get all of it in one place.
You're going to get one of these streams of income going and then you will add to them
and grow them.
Once you get the streams of income going, it is really easy to grow that stream of income.
Usually, all it requires is for you to do more ads.
Like I said, if I was putting out letters and I got 2 people to call me, well what happens?
Send out more letters and you get more people to call you.
It's really just that simple.
And this is how you can start making money along the way and then take that income to
the next level.
And then last but not least.
And this is how you really take that income to the very next level is with business credit.
So, business credit will allow you to build an entire business credit profile and your
business can borrow money in your business's name, not using your personal credit or your
social security number.
You build credit in your business's name.
And you can use those funds to grow your business even faster.
Now let me tell you a big secret.
Noelle was so late to the game when it came business credit.
In fact, I think I had my business for like 3 or 4 years before I ever even started it.
And that was a big mistake for me because now my students are able to start building
their business credit as soon as they start their business.
And now, they have hundreds of thousands of dollars in their business's name within a
year, okay?
I have students that have done that within a year.
I started the business that I work in now with my real state in 2014.
And I never started building any business credit until 2017.
But today, I have millions of dollars in business credits.
So, that's a lot faster to build business credit to build your own personal credit.
Additionally, when it comes to business credit, they will lend you more.
For example, if you have a Capital One card in just your personal name, they may only
give you a 500 or 1,000-dollar limit.
But when you've opened that credit card in your business's name like a Capital One spark
card for example, they start off and give you like 5,000 or 10,000 dollars.
So, the limits are way higher than they are on the personal credit side.
This will allow you to grow your business a lot faster.
This will allow you to send more letters, run more ads, do things to get more customers
to your business so you can hit that million-dollar mark a lot faster.
This is how you will build you business really quickly and get to a million dollars faster
than I did.
I have written an entire book that I am giving away to you absolutely free.
My new book, Real Estate Millionaire Secrets is a book that I poured my heart into.
I've break down all of the techniques and the tactics that I used to go from my parents'
basement broke with bad credit to the multi-millionaire that you see today.
I teach you some low-cost ways to get it done.
And again, the book is absolutely free.
You just pay for the shipping.
Go to noellesfreebook.com.
Again, that's noellesfreebook.com.
Noelle (N-O-E-L-L-E with an S), noellesfreebook.com.
Make sure you check that book out.
You get it.
It's a low cost way for you to learn real estate and business really quickly.
I want to make sure that you have all of the resources, all of the tools, and all of the
knowledge that you need to be successful.
This is Noelle, to your success.