Introduction to 1st Generation Build Wealth from Scratch.
This coursework isn't finished. It will be built out as we go through the weekly process. Your input as a founding member will affect the direction it takes and how it can help people in the future.
While a big part of the focus will be on entrepreneurship, starting a business, etc. (Not a particular business -this isn't me spamming for a MLM I am not trying to get anyone to join anything! Ha!) it will also have value for people that are not interesting in business.
This is the link to the private Facebook Group that houses the community. Please join here: https://www.facebook.com/groups/weathychristian
Please check out the course. Soon it will have some videos you can watch right away, and if my face or voice gets on your nerves, you can quit!
Check out the course outline, and you should be able to see if this is what you are interested in doing. I hope to do a weekly Zoom call to discuss each module. That recorded call will become part of the course for future participants.
https://www.caseycolecorbin.com/building-1st-generation-wealth-from-scratch
Everything is free. We will start next week and go for 12 weeks. We will discuss scheduling our first meeting in the Facebook group.
Module 0: Laying the Foundation
Module Overview:
Module 0 serves as the introductory module for the course, "Building Wealth from Scratch." This module sets the foundation by providing an overview of the course objectives, defining wealth in the context of passive income exceeding expenses, and guiding participants in shifting from a scarcity mindset to an abundance mindset. Through recommended readings and reflective exercises, participants will gain a clear understanding of the principles and mindset necessary for their journey to wealth.
Module 1: Self-Employment and Business Ownership
Overview:
Module 1 introduces participants to the world of self-employment and business ownership as a pathway to financial freedom. It emphasizes the advantages of working for oneself and highlights the journey from self-employment entrepreneurship to owning a business where others do the work. Participants will learn the fundamentals of self-employment, including the entrepreneurial mindset, idea generation, market research, and business planning. They will also gain insights into the importance of transitioning from self-employment to business ownership and leveraging profits for investments.
Module 2: Cultivating a Wealth-Building Mindset
Module Overview:
Module 2 focuses on cultivating a wealth-building mindset. Participants will explore the importance of mindset in achieving financial success and learn strategies to overcome limiting beliefs and develop a growth mindset. Through recommended readings, self-reflection exercises, and practical techniques, participants will gain the tools necessary to shift their mindset from one of scarcity and limitation to abundance and opportunity.
Module 3: Income Optimization
Module Overview:
Module 3 focuses on income optimization strategies to accelerate wealth-building. Participants will explore various income-generating opportunities beyond traditional employment and learn strategies to increase their earning potential. The module will cover side hustles, freelance work, and passive income streams, empowering participants to diversify their income sources and create a solid foundation for financial independence.
Module 4: Minimizing Monthly Outgoings (expenses)
Module Overview:
Module 4 focuses on minimizing monthly outgoings to create a strong financial foundation for wealth-building. Participants will learn practical strategies for reducing expenses, implementing budgeting techniques, and adopting a frugal mindset. By optimizing their spending habits and maximizing savings, participants will gain control over their finances and increase their capacity for wealth creation.
Module 5: The Power of Passive Income
Overview:
Module 5 explores the concept of passive income and its role in achieving financial freedom. Participants will learn various passive income streams and strategies to generate and grow passive income. By understanding and implementing passive income strategies, participants can reduce their dependence on active income and create a sustainable source of wealth.
House Hacking is a new trending term for something that has been around since the first house mankind built.
Here's how to use it to your advantage today!
Module 7: Creating Multiple Streams of Income
Module Overview:
Module 7 focuses on the importance of diversifying income sources and creating multiple streams of income. Participants will learn about different types of income streams and explore strategies to generate passive and active income. This module aims to empower participants with the knowledge and tools to expand their earning potential and reduce dependency on a single source of income.
Module 8: Maintaining and Growing Your Wealth
Module Overview:
Module 8 focuses on strategies for maintaining and growing your wealth over the long term. Participants will explore advanced wealth management techniques, learn about investment diversification, tax planning, and legacy planning. This module aims to equip participants with the knowledge and tools to protect and expand their wealth for future generations.
Module 9: Building a Wealth Mindset - Overcoming Limiting Beliefs
Module Overview:
Module 9 focuses on building a wealth mindset by addressing and overcoming limiting beliefs that may hinder participants' financial growth and success. Participants will explore the role of mindset in wealth creation, identify their limiting beliefs, and learn practical techniques to reframe and transform their mindset for abundance and success. This module aims to empower participants to break free from self-imposed limitations and unlock their full potential for wealth creation.
Module 10: Sustainable Wealth and Giving Back
Module Overview: Module 10 focuses on the concept of sustainable wealth and the importance of giving back to society. Participants will explore strategies for managing and preserving their wealth while making a positive impact on their communities and the world. This module aims to inspire participants to leverage their wealth for social good, fostering a sense of purpose and fulfillment beyond financial success.
Module 11: Navigating Challenges and Sustaining Success
Module Overview:
Module 11 focuses on equipping participants with the skills and strategies to navigate challenges that may arise along their wealth-building journey and sustain long-term success. Participants will explore common obstacles and setbacks that can impact financial progress and learn techniques to overcome them. This module aims to empower participants with resilience, adaptability, and a proactive mindset to overcome challenges and sustain their wealth-building efforts.
Module 12: Putting it All Together - Creating Your Wealth Action Plan
Module Overview:
Module 12 serves as a culmination of the entire course, where participants will integrate all the knowledge and skills gained throughout the program to create their personalized Wealth Action Plan. Participants will review their financial goals, assess their current financial situation, and develop a comprehensive plan to achieve their desired level of wealth. This module aims to empower participants to take concrete steps towards financial freedom and success.
Module 13: Investment Strategies for Wealth Accumulation
Module Overview:
Module 13 focuses on investment strategies for wealth accumulation. Participants will explore various investment options, learn about the principles of investing, and understand the importance of diversification and risk management. By equipping participants with knowledge and tools for intelligent investing, this module aims to empower them to make informed decisions and maximize their wealth-building potential.
Module 6: Building a Wealth Mindset for Long-Term Success
Module Overview:
Module 6 focuses on building a wealth mindset for long-term success in wealth accumulation and financial independence. Participants will delve into the psychological aspects of wealth creation, explore strategies for maintaining discipline and resilience, and learn how to navigate challenges and setbacks along their wealth-building journey. This module aims to empower participants with the mindset and mindset for sustained wealth and financial freedom.
Module 13: Saving Money: How to Legally and Ethically Pay No Taxes or Reduce Taxes
Chapter 1: Introduction to Tax Efficiency
Chapter 2: Mastering Personal Income Taxes
Chapter 3: The Power of Side-Hustle Businesses
Chapter 4: Small Business Tax Deductions
Chapter 5: Claiming Mileage for Business Purposes
Chapter 6: Capitalizing on Business Expenses
Chapter 7: Building Wealth Through Tax Efficiency