Good morning, everyone!
This is Dawn. I hope you are all doing well.
Thank you all for your great emails as of late. We always appreciate your questions and positive feedback.
In response to Joel and Dan's recent messages, a provider asks "How much money do I need to start building my honey pot and where do I even start or know what I am doing?"
I am sharing an image from a client-provider who I believe started late last year, maybe November or December. As you can see,they are incrementally growing their "honey pot" - up 34.81% or $2,725.02 over the past 3 months. By any measure, that is a big success despite being a relatively low amount as compared to others who have been building longer.
My first suggestion is that you don't get caught up comparing yourself to others. That is a mental gymnastics game that is not good, especially if you are rather new to the industry.
My second suggestion is something I know you have heard from Joel, and that is "Always consider the long game." You are going to be working hard over that period of time, so you might as well leverage that same time period to allow your money to be working for you.
Third, if you are working with Joel, specifically ask him about his thoughts and suggestions for establishing and funding your "honey pot." It can be a little different for everyone. Learning the intricate details can take some time, but that is exactly why you are working with Joel, to reduce your exposure to risk and liabilities.
Also, don't be intimidated by others. If they are making more money than you, know that you will one day meet and exceed others as your money continues to compound.
I hope this helps in answering your question. Please let us know if you have any other questions, and we will do our best to be of assistance.
Thank you, Dawn Velasquez Support Team |