Growth Driven

The Forgotten Secret About Money: How to Build Wealth Fast from Nothing With Systems

February 08, 2022 Edwin
Growth Driven
The Forgotten Secret About Money: How to Build Wealth Fast from Nothing With Systems
Show Notes

The Forgotten Secret About Money: How to Build Wealth Fast from Nothing With Systems
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earning how to build wealth from nothing might sound like “mission impossible”, especially if you have always believed that wealthy people either inherit their wealth or have benefited from powerful connections.

However, a 2019 report by Wealth-X showed that 67.7% of the world’s ultra-wealthy population (defined as those with $30m or more in assets) were actually self-made. 

More interesting still is the rapid rise in this class of ultra-rich. In the 2019 report, there were 265,490 ultra-wealthy individuals; in the 2020 report, that number increased by almost 10% to 290,720.

The above data reveals two things for us: first, it is possible to build wealth from nothing, and, second, those who are achieving the “impossible” are doing so with increasing frequency. 

Today, instead of fantasizing about the wealth you wish you inherited, we implore you to discover the many ways you can learn how to build wealth from nothing.

"KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money. Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that "knowledge is power." It is nothing of the sort! Knowledge is only potential power. It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end. This "missing link" in all systems of education known to civilization today, may be found in the failure of educational institutions to teach their students HOW TO ORGANIZE AND USE KNOWLEDGE AFTER THEY ACQUIRE IT." - Napolean Hill

One of the crucial areas of focus for any CMO is to create and manage profitable growth. Conversations concerning the role of the CMO as a growth driver have revealed big gaps between this ideal state affair and hard reality.

For instance, in interviews with a variety of C-suite executives, both within and outside the CMO role, half of the interviewees say having an enterprise-wide mindset was one of the most important factors in a CMO’s success. Yet only six percent of CMOs describe themselves as actively working on growing revenue across all global business activities.

While mindset is an important factor, remaining positive while no growth is generated is of zero value to any brand.

A separate report similarly reveals some of the discomfort CMOs express in assuming the role of growth driver. Respondents in Deloitte’s 2018 CMO survey nearly unanimously (95 percent) say revenue is the top measure of growth in the organization, while 70 percent feel most confident driving growth through revenue.

But only 32 percent feel prepared to impact market share, and just 20 percent feel prepared to drive gross margin, even though both of these are considered critical areas of growth by the business.

The Forgotten Secret About Money: How to Build Wealth Fast from Nothing With Systems