How Much Would You Pay To Have Lunch With a Millionaire (Or Someone Who Lost 100+ Pounds?)
How Much Would You Pay To Sit Down 1 on 1 With Someone Who Earned $1,203,567… Part-Time as a Single Parent?
Why don’t many of us pay to invest in our education: something that could accelerate weight loss, improve health, help us earn a TON more money, and dramatically free up time to do more of the things we love?
We say things like “I don’t have the money lying around.” (You can’t get creative and find a way to make an extra $100?)
We say things like, “Ehh, not sure if I can trust this person.” (Is paying $25 for a DVD really a big waste of money – worst case scenario?)
We say things like, “I don’t trust people that charge for information.”
Or we say things like, “Wow, she/he is really expensive! I can’t afford that…”
Here’s the thing. If you’ve said any of those, you’re focusing on money and not the value it will provide to your life.
Example: You offer to take out this millionaire for lunch to a nice place, and you cover the tab. Total with two glasses of wine: $80.
Let’s say you’re making $25,000 a year: $80 is a lot of money for you. Especially one meal. But you tough it out, pick his brain, and pay for his meal.
But this millionaire gives you his “formula” which ends up making you an extra $500 a month. Maybe he gave you his freelancing formula, or his special consulting tips, or he helped you start a little internet business in your spare time.
In one month, you just turned $80 into $500. But guess what? Over the course of 12 months, you just turned $80 into $6,000. That’s a 7500% return on your money. Good deal? Uhhh, YES!
Another example: Let’s say the millionaire now says “Hey, I have a $500 seminar, which will show you how to turn that $500 a month into $2,000 a month so you can quit your job. In fact, my students are making up to $10,000 a month.
You think, “There is NO way in hell I can afford $500 for this seminar.”
… But you know that the millionaire’s advice works. It has already made you money. And you know that last time, you paid $80 and made over $6,000 in your first year alone.
Just imagine if you paid $500 and made that same return? That’d be $37,500. Would you find any way possible to scrounge up that $500 and pay for the seminar, or would you continue making excuses about how you can’t afford it?
I’m shocked that people do not pay more often to invest into their health, their wealth, and their personal growth – their overall education.
How Much Would You Pay To Sit Down With Someone Who Lost 100+ Pounds… And Kept it Off?
Next example: Say you’ve struggled with your weight for 30 years.
You have the opportunity to do the same thing as the millionaire – take them out to dinner ($80) and then invest in a $500 seminar.
You’re thinking, “Ok I’ll do that dinner but a $500 seminar is NUTS. Can’t afford it.”
Really? If that person who lost 100 pounds handed you their step-by-step formula for losing the weight and keeping it off, that wouldn’t be worth at least $500?
Let’s see – how much do you pay in gym fees right now? $250-$500 a year?
And what do your results look like? For most people… they don’t get results because they don’t know what they’re doing.
And how much do you spend on other supplements or pills? $50 a month? More?
So you’re spending potentially $1,000 per year on stuff you aren’t even sure improves your health. Talk about a gamble. And that’s at the low end.
If you add on trainers, diet books, online programs, and little gadgets, you’re spending a lot more.
But look at that over 5 years – $5,000. Or 10 years – $10,000+.
Now, back to that seminar.
This “100 lb weight loss expert” says they can teach you their exact formula. How to get over emotional barriers, how to know what to eat and how much, what kind of exercise to do, yadda yadda.
Why in the heck would you not pay $500 f0r that? You could potentially save $1,000, $5,000 or even $10,000.
It’s insane the kind of return you would get on your money for investing in education.
How Much Would You Pay to Sit Down With Someone Who Cured A Major Health Problem You Have?
One final example.
Many of you are in the same boat as me: you have (or had) a chronic health issue that western medicine isn’t so good at fixing:
IBS, Insomnia, low energy problems, chronic back pain, or something else.
Now you’ve got a choice.
You meet someone and can take them out for dinner ($80), and/or go to their seminar where they show you how they *cured* their health problem ($500).
Too many people focus on the price ($500) and not the value (saving $10,000 in medical bills, maybe even a lot more than that, and being pain-free).
Seriously, let me give you an idea of the costs I was paying in my early 20’s while doctors, nutritionists, and specialists were figuring out I had IBS:
- At least 3 visits to the general practitioner ( $150 )
- 4 Visits with a nutritionist ( $ 200 )
- 1 visit to a specialist GI Doctor ( $60 )
- Fiber supplements recommended by nutritionist ($30)
… Here’s the best part. I paid all of these (around $450) to see exactly zero improvement.
So if I friend said, “Hey, try this $50 probiotic – it’s expensive, but it works better than most” would I try it? Heck yes! It’s expensive, but start looking at the value – the value of potentially fixing my health problem, and saving another $450 in medical visits.
How is that $500 seminar looking now?
The World’s Most Successful Share This One Quality
It’s all about the VALUE you are getting, and NOT the price. The world’s most successful constantly are investing insane amounts of money into their education, which is what helps them jump the line.
Let me give you an idea of just how true this is. In an article over at Daveramsey.com, he cited “things the wealthy do that the poor don’t” :
- 63% of wealthy listen to audio books during commute to work vs. 5% of poor people.
- 63% of wealthy parents make their children read two or more non-fiction books a month vs. 3% of poor.
- 88% of wealthy read 30 minutes or more each day for education or career reasons vs. 2% of poor.
- 67% of wealthy watch one hour or less of TV every day vs. 23% of poor.
- 86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.
- 86% of wealthy love to read vs. 26% of poor.
… You know what I see here? The desire to self-educate, keep learning, and keep investing in oneself.
It’s a fact, not my opinion, that the more you invest in yourself, the more you will leapfrog your peers, 10x your chances of success & getting healthy, save (or earn) tens of thousands of dollars, and achieve your goals much much quicker, and in general start living the life you want to live.
It is always worth paying to save 2 years, or $10,000 dollars. You just need to start looking at value (the return you will get) and not the price you will invest.
The Millionaire’s Deal: Think About Value… Not Price
So what do you think?
Would you pay $500 to get the millionaire’s “entire formula” ?
Would you pay $500 for the 100 pound weight loss formula from someone who has done it?
Would you pay $500 for someone to share their specific advice on how they cured a chronic health issue you’re suffering from?
Would you do whatever it takes to earn or save that $500, knowing that you would see that many come back to you 5x, 10x, or 100x?
I hope you’re saying YES right now. For me, the answer is always a loud and clear YES. I’m shocked that more people do not pay to invest in themselves. The returns are absolutely insane.
P.S. If you’re interested in getting your Dream Body… without a diet (I call this idea the “anti-diet”) check this out right away.
This article couldn’t be more true. I remember when I would have the mentality of not being able to afford things now, but I opened my eyes to the possibilities. I was suddenly spending my money on things that would return my investment+profit down the road.
I remember reading a blog post about reinvesting money into your blog to generate more income. This post explained most people will complain that their shared hosting isn’t sustainable and is causing problems for customer(downtime,) but they refused to upgrade to a VPS or other options. Why? The price.
“It’s too expensive!” was a common excuse, this post claimed, then went on to explain how most of these blogs were generating 1000$/month in pure profit. A decent VPS costs ~100$/month. The blog post called them out on not reinvesting 100$ out fo their 1000$ which would benefit them in the long run.
Thanks for sharing your thoughts!
Shawn, I’m totally with you there.
I started with the same scarcity mindset a few years ago – I would have NEVER invested in a $500 (or even $100) online training program. I was just looking at what it would cost me, not the return.
And sure enough, a few years later, as I invest in many things I’ve realized that most of the top performers in the world are big into making investments (in the form of education). Glad I learned this lesson early.
Thanks for sharing!