If You Have $500 In The Bank, DO THESE 5 Things To MAKE MONEY

"If you have $500, you can buy at least 20 books... And I want you to read five books on money management and investing. I want you to read five books on starting a business and entrepreneurship. I want you to read five books on entrepreneur biographies. These are stories of entrepreneurs who went out and became very successful. And then I want you to read five books and personal development."

"When you go and do this, you are going to emerge yourself into this whole world of entrepreneurship, money management, financial education, and success. And you're going to see the stories of people who actually did it."

"The first mistake that so many people make in this place is they want to go now show off their new success with a new BMW. They want to go on nice vacations and they want to start spending all this money right away. But if you start doing that, you're sucking the blood out of your business because now you're taking the cash out of your business that could have been used to grow the business."

"Instead of spending all that money on the fancy stuff, first spend the money back into the company on something that will make you more money directly. This could be things like buying softwares to make your work more efficient. This could be hiring people to start new divisions. And this could be things like investing in more products to increase how much money you make."

"Sam Walton's book, Made in America, he talks about how when he was building Walmart, he wasn't investing in real estate. He wasn't investing in stocks. All he was doing was investing back into the Walmart Corporation and his wealth was only tied into his company because he was so devoted to building his brand."

"I've talked about this too much money disease before where if you have too much money when you start something you might be very bad with that money and throw your money into inefficient ways and even I have made that mistake myself when I was trying to work on a lot of my different companies I was also working to build a minority mindset blog and during that time I didn't have the time to go now and build a strategy for the blog and manage the blog and monitor the blog so I hired the right people and I hired a consultant to manage the entire process this was very expensive consultant we had a lot of people running the blog. We had a lot of staff writing articles for the blog. And over the course of I don't know how many years, we spent probably half a million dollars now building and creating this blog hoping that it'll be a great revenue producing blog. Well, it wasn't. That money went to waste and it was a complete just failure."

"But if you really want to build real wealth and real success, what you should be doing with the money you make is not going out and buying a fancy car, but taking that money and putting it back into the business. That way, now you can build the real wealth that you're creating."

"If you have a product or service that makes you $10 per sale, you would have to sell 1,000 of these a month. If you make a $100 per sale, you're going to have to sell a hundred of these a month. And if you can make $1,000 from each product sale or service sale that you make, you would have to sell 10 of these a month."