You Deserve to Be Rich with Earn Your Leisure’s Rashad Bilal 🏝️ E155

What do you think is what holds people back from making more money? A lot of people get stuck at 40K and 60K, 80K a year and then they're complacent.

What do you think holds them back from making more money and starting to invest?

Um, scalability, like I think, uh, at every level, right? Like as far as how can you replicate yourself, right? If you're an entrepreneur, it's like how ...

If you're, whatever you're doing to make $40,000, $50,000 a year, what is, what's the pathway to 10X that? And that's what e- ...

And sometimes you, you have to change industries almost to actually, because me as a financial advisor, that's why I started this whole online thing, I saw a ceiling for myself of making, you know, six figures and I just sat down.

I was young at that time, but I, I just looked at everything that was like working against me, and I'm like, okay, like in order to make money as a financial advisor, I got to talk to people, I got to close deals, I have to have either a tremendous amount of deal flow coming in, which that's difficult to get hundreds of clients on a monthly basis, or I got to work with less clients but extremely wealthy clients.

But I'm like, okay, I don't really have access to extremely wealthy people, so that's why my first idea was sports and entertainment.

I wanted to build an online platform to become a celebrity financial advisor so I could work with athletes and entertainers because I felt like that would be able to scale my business.

Sure.

But even that was kind of a still limited model, so I'm like, okay, well, ins- ...

I could still talk about the same things that I'm talking about as far as personal finance and retirement and investing and different things and insurance, but if you, if I could reach thousands, hundreds of thousands, potentially even millions of people, that's, that's, that's a way to scale my message.

So I saw Instagram as tha- as that way to actually, you know, be able to grow and scale without having me sitting down, booking, booking appointments, somebody canceling at the last minute, traveling an hour and a half to tell somebody for me to, for somebody to tell me that they're not ready, they got to talk to their wife.

Right.

So it's like, you know ...

But that, but that required me to go-

Sure.

... to a different, a different industry.

Same framework, same idea, but I went from wealth management to media-...

but taking the, the, what I was talking about in wealth management and taking it over to media.

So I think that that's something a lot of times, you know, you just have to realize, like, some, some industries or some, sometimes in life, you're in, you're in circumstances that you, you've, you, you're up against, you know, bad odds as far as-

Sure.

... your scalability.

But it doesn't necessarily mean you have to do something completely different, but you might have to look at different avenues to take what you're passionate about, take your skill set, and scale it.

So someone starts to make more money.

They get up to 100K a year, 120, 140, 160.