Tag Archives: millionaires

3 Tell-tell signs that you may have the wrong business partner…

Signing on the dotted line
Quentin B. Smith signs on the dotted line for an investment.

1. Make sure they have Good credit.

Over 700. Find out if they have student loans. As a new business owner, you will eventually be applying for loans using your personal credit until your business has established its own credit that is good enough to be run on its own.

Business are usually able to secure larger loans than individuals, making the credit check a little more strengent than normal personal credit applications. You want to make sure you have minimized your debt and your partner has too. 

2. Make sure they haven’t had any run ins with the law.

When looking for investments from outsiders, venture capital firms want to know if they can trust you with their money. How can they trust you if they find that you have two armed robberies on your record. 

If you and your partner are not ethical people, you won’t build an ethical business. Point. blank. period. 

3. Make sure they have kids. lol

I know this sounds counterintuitive, but I prefer to work with partner with a family than a partner without one. People with kids are not playing around. They have mouths to feed…

In conclusion

No matter how much you like a person’s personality, they have to be good on paper too. As you can see, It pays to stay clean and stay out of trouble. Hope this article helps. 

Wishing you success,

– Quentin B. Smith

Follow me on Instagram at: http://instagram.com/quentinbsmith

Why turning your hobby into a business is not such a good idea. 


I have a people that come up to me all the time with their business ideas and it’s so painful to hear so if the ideas they come up with. People always say do what you love and I couldn’t disagree more. 

What is your goal?

It’s painful to hear their ideas; not because they are bad ideas, but because they don’t make great businesses. When I got into business at 16, I loved design. So I became a graphic designer. 

That was my passion. But that wasn’t my goal. My goal was to get rich AF. So, as you can see, my passion and my goals did not align… When was the last time you met a ballin’ ass/wealthy graphic designer?? 🤔

Keep your hobby, a hobby, for your own sake. 

My second reason not to do what you love is because it takes away the only outlet you have to have fun in life. Imagine getting frustrated at work and wanting to get away from it all, but what used to be your get away is now you work… see what I mean?

I love cars, and own a franchise of car dealerships. Unfortunately, I dont enjoy them like I used to because every time I see a car I start thinking about my business. Don’t do it. Do this instead:

Make money, spend it on your hobby

My advice is always to start a business that is for profit, and use the profit to fund your hobby. I know people that love mountain bikes. They will spend $10,000 on a mountain bike… They use their goal of a $10,000 mountain bike as motivation to do well in business. Win, Win. 

When it comes to turning your hobby into a business, reconsider and start a business the fund your hobby.

Hope this helps,

Be great today,

— Q!

1 common misconception about perfect timing. ☝️️

Everybody does all this preparation to be successful instead of just actually being successful. They wait on the perfect time or the perfect opportunity to be great. The truth is there’s no such thing as perfect timing. 

Quentin B. Smith's Millennials to Millionaires: The young entrepreneurs guide to getting out of debt
Quentin B. Smith’s Millennials to Millionaires: The young entrepreneurs guide to getting out of debt

WHAT INSPIRED ME TO WRITE MILLENNIALS TO MILLIONAIRES?

‪For the last 2-3 months I’ve been contemplating writing a book about getting out of debt. At first I wanted to write the perfect book, then my online mentor Grant Cardone, Author of 19 self-help and business books, said something that really made sense to me:

Grant says that instead of him focusing on writing the perfect book, he focuses on writing a book. This is so counterintuitive but he has written way more books than anyone else I know and has grown a net worth of over $500 million from using this type of massive action. 

Instead of me trying to wait to write the perfect book, I just wanted to focus on writing a book. I have to trust that I am good enough to do great work whether I spent 10 years on it, or 10 days. (It literally, probably only took me 10 days lol)

WHY I WROTE THIS BOOK:

I wrote this book because I wanted to provide the information for those that are hungry enough to go and get it. I will admit that I do feel guilty when I am wearing expensive clothes and taking trips and not showing other people how to do it. Because whenever I tell people how to do it they don’t take action, sometimes I feel like it’s a waste of time. But I have to remember that people like us are far and few and somewhere out there there is one person who is dying to get their hands on this information. I believe that everyone’s goal should be to change one persons life before they leave this earth. This is our purpose. So if this book only helps one person, I have done my job.

IN CONCLUSION 

This new #book, Millennials to Millionaires, is for my friends, the hustlas, the people like you and me, who REALLY want to make a difference and become #successful while we’re still young!!!!

SHARE

Let me know if I you are paying attention by leaving a comment below and sharing this with a friend. – Q

http://instagram.com/quentinbsmith

The #Millennials to #Millionaires project. 

So, I had this thought the other day. It’s really easy to make $10,000. And the funny thing about making $10k it’s even easier to make $20k – because you already have the skills and the knowledge. Now, I don’t want to sit up here and say that $2ok is not a lot of money. I mean, you can go to a restaurant and eat no problem, fill your car up. But where’s the fun in that? You get bored, trust me. Im trying to make some real change…

Mil to Mil

The Challenge: Make $1M in 10 years. 

Let’s aim for a real challenge. Let’s make $10k, $20k. Fuck it. $100k! If we can make $20k we can make $100k and it’ll be hard – but that’s the point. BUT – Here’s the thing. When most people think about making money, they think about adding. We multiply. Multiply your money and now you’re $100,000 just got a lot easier. So damn, if we can multiply $20k x 5 to make $100k. You think we’re going to just stop? Why not multiply $100k x 10? That’s a Million Dollars. A Million Dollars.

HOW TO DO IT:

So this is how we’ll do it. We will focus on doubling our money every year. Simple enough? And we’re starting with just $1000 as follows:

Year 0: $1000 – The first year, we’ll get you out of debt. And start getting $1k put aside for year 1.

Year 1: $2000 – time to start stacking.

Year 2: $4000 – double it. Now, you’ll need to create a business to do this. But I can show you how.

Year 3: $8,000 – do it again. The key to flipping this amount of money will be getting our knowledge and skills up. 📚

Year 4: $16,000 – keep reading.

Year 5: $32,000 – Put a team together of 4-5 people to keep things going.

Year 6: $64,000 – Gain the skills you need to lead a successful team of employees.

Year 7: $128,000 – you’ll need to put together a larger team to flip this kind of money. We’ll learn to manage a large team of employees to get to the next level.

Year 8: $256,000 – Still not enough money. You can still f*ck up a quarter-mil…

Year 9: $512,000

Year 10: $1,024,000 – We did it.  🎉

31 year old Lewis Hamilton on his custom red jet.

THE PROJECT STARTS NOW:

The beautiful thing about the Millennials to Millionaires project is that you won’t be alone. We will do this together. And we have a whole community that will push each other. This won’t be an overnight process. This is for people that really want to be rich. For the people that can’t go one night without thinking about making it.

If you’re up for the challenge, The project starts now.

Join and get the first steps to becoming a millionaire:

Join the official FaceBook group

How I’m going to get my jet: Private Jets: Buying the Life:

So I don’t know where this came from, but for the last two weeks I’ve been thinking about buying a jet.


I’ve had ‘fly on a private jet’ on my carrot list for years now, and I finally feel like I should be able to check it off soon. And as cool as one ride would be, do you really think I could just fly once? F*ck no. 

So then, it had me thinking… (And looking on http://jamesedition.com)  If I sell cars, there’s somebody out there that sells planes. And he gets them cheap and sells them high like I do, and so on, and so on… So MAYBE, just maybe, there’s a chance that one day I could get a plane… After all, there are loopholes in everything; you just have to find them. 
So I watched this video and it pretty much confirmed what I thought — I can get a jet. Check this out:

So basically, there are a few ways to own a plane:

1. Buy it. 

Simple enough. But um, I don’t think I’ll need it that much. Plus, my mom would kill me if I spent $14M’s. 

2. Lease it.

Yes, planes are like cars. Just lease it. But still, who flys that much?

3. Fractional Ownership – it. lol

Hmm, okay so you can own as little as 1/16th of a plane. And that means 1/16th of the maintenance. 1/16th of the taxes. 1/16th of the fees. This may work. 

4. Charter it. 

Pretty much an old-school way of saying, rent it. This actually works. But expect to pay out at least $10,000. 

5. Uber for planes: The Jetsmarter App. 


This is a good start. The Jetsmarter app. Just pay $15,000 for your first year, then $10,000 after that. You get your first seat free on each flight, and then each guest is between $500 and $2000. This sounds like a deal to me. 

You can check out the Jetsmarter app and let me know if you try it before I do.

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Books every future millionaire needs to read

Below are some of the books that many agree are must-reads if you are serious about taking your life to the next level. These are a few that I have personally read and know will change the way you move. Take a look:

  1. How to Win Friends and Influence People by Dale Carnegie

This book really changed my entire life and how i view people that cannot help me achieve my immediate goal. Not to mention, Dale is a boss. His book book has been one of the most sold books for the last 75 years. This is a must read.

2. Money: Master the Game by Tony Robbins

This book is a GAME CHANGER!!!! I really recommend this book if you are a numbers guy/girl that is interested in how to exponentially grow the money you save and are not investing back into other things. This will give you a good look on how fees in your 401k are killing you and what you can do to get your money back on track!

3. Leaders Eat Last – Simon Sinek

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https://www.amazon.com/Leaders-Eat-Last-Together-Others/dp/1591845327/ref=sr_1_1?s=books&ie=UTF8&qid=1483237783&sr=1-1&keywords=leaders+eat+last

4. Be Obsessed or Be Average – Grant Cardone

readinglist_beobsessed

https://www.amazon.com/Be-Obsessed-Average-Grant-Cardone/dp/1101981059/ref=sr_1_1?s=books&ie=UTF8&qid=1483238335&sr=1-1&keywords=be+obsessed+or+be+average

5. 10X by Grant Cardone

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https://www.amazon.com/10X-Rule-Difference-Between-Success/dp/0470627603/ref=sr_1_1?s=books&ie=UTF8&qid=1483238370&sr=1-1&keywords=10x

6. 4 Hour Work-week – Tim Ferriss

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https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357/ref=sr_1_1?s=books&ie=UTF8&qid=1483238485&sr=1-1&keywords=4+hour+work+week

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