My name is Josh and I had a dream to become a millionaire by 30. 4 1/2 years after starting my own fitness business, at the age of 27, I had realized my dream. Before I even get into this post, though, please understand that in no way am I writing this to brag, but rather my goal is to inspire young people and help them understand that age is just a number when it comes to creating financial freedom for yourself. I’m going to share my story and then give some tips on some things that you can do to help you create a million dollar business as well.
My story is an interesting one. Growing up I have always been taught that if I want to succeed with anything, I’ve got to put in hard work, and if I wanted to be more successful than everyone else, I had to work harder than everyone else. Makes sense, right? It all started with joining a travel baseball team at the age of 12. In all honesty, I didn’t have the most talent on the field. I would even go as far as saying that I might have been one of the worst, if not the worst player on the team. It was obvious that I had a lot of growing and learning to do, but I was OK with that and so were my parents. However, they knew I needed proper guidance and training if I was to get better, so they began getting me hitting lessons from a local hitting coach. He taught me proper form and certain practice skills that would make me better, such as hitting the ball from different positions off a tee. My parents knew that just hitting lessons wouldn’t be enough, though, and if I was to truly get better I had to take what I learned and practice it over and over and over again. I’ll never forget the day my father told me to go downstairs in the basement and hit 1,000 balls off the tee. I looked at him with a blank stare, upset, thinking, “Really? I could be playing video games right now.” But of course I did it anyways. Blisters formed, my hands bled, I was miserable, but something changed in me that day. Working hard became a habit.
The more I practiced, the better I got. 6 years later I had earned a scholarship to play ball at a local college and ended up starting center field. I had worked my way to that point. When all the other players were playing video games and hanging out with friends, I was down in my basement hitting 1,000 balls off the tee, and I did that for years and years. I was that kid who would get up at 5:30 AM on a Sunday morning and go practice for 4 hours in a freezing cold indoor soccer field in the middle of winter. I worked hard every day because I strived to be the best. Sometimes it sucked, but in a strange way I enjoyed it because I knew I was getting better. During the last 2 years of my college career I ended up getting numerous national, regional, and conference honors, and I wouldn’t have gotten there without my incredible work ethic.
When I graduated college, I had a dream of becoming a Financial Planner, so I did what any kid with that dream would do and I began a career as a Financial Adviser at the ripe age of 23. I was young, inexperienced, but incredibly determined to reach my dream. I could visualize it, sitting at my desk in my own firm, helping people make a permanent change in their finances, and it excited me. However, I had a massive learning curve ahead of me to get the that point, but it never scared me because I knew I would put in the effort to make it happen. Something happened by pure accident, though, that changed that dream rather quickly. I had discovered P90X. Yeah, I know, you’re thinking, “A workout program? Really?” My answer to that is yes, really. Stress from my career started adding up quickly, I began terrible eating and drinking habits, gained a lot of weight, and got to a point where I knew something needed to change and I started looking for a program to get me back into shape. That’s when I found P90X. I went through the program, committed myself 100% to the diet and workouts, and ended up losing 25 lbs and literally got into the best shape of my entire life. I was happy, confident, but along with that came a newfound passion for health and fitness. It worked so well for me that I couldn’t stop talking about it! I enjoyed talking about it so much that it got in the way of my career. When I was supposed to be working and studying, I was talking to people online about my results and offering advice, and every person that I helped gave me this incredible feeling of fulfillment, and like a drug I wanted more and more! I even got in trouble quite a few times at work because of how much I was talking about it. The lack of focus on my Financial Advising career, though, led to a suspension in my pay because I couldn’t meet my quota for the month. That compounded and for 5 months I had no money coming in. That’s not a good thing when you have bills to pay.
At about the 2nd month of no pay I had to rethink my career choice. If you dread getting up in the morning to go to work and can’t wait to come home each night and can only think about health and fitness all day, that is a sign that maybe it wasn’t the best career option. I decided to take a vacation by myself down to Myrtle Beach for a week just to think about things, and when I came back I had a clarity that I hadn’t had in such a long time. That was the moment I decided to become a Beachbody Coach. Understand, though, that I did it mainly because I had a passion for changing lives when it came to health and fitness. It was a part of my life that I was excited about, and I looked forward to doing it every single day. I didn’t really understand the whole business side of it, but knew that it was there and if I wanted to could really pursue it and attempt to build something. But I didn’t, well at least at first I didn’t.
I continued my Financial Advising career only because I needed something to pay the bills. However, I never could catch up to my quota and ended up really struggling financially and eventually had to quit that job and work for my dad with his business. I worked very hard for my dad and decided to learn more about the Beachbody business and build that up on the side. After I would get done working for dad I would go home and work on Beachbody. There was a period of time, though, where Melinda (my wife) and I really struggled financially. We were on government support for a while, and it got us by. It wasn’t particularly a highlight of our life, but it was there to help us and we have always been very thankful for that. However, it got to a point where I couldn’t take it anymore. I sat Melinda down on the couch one night and promised her that I would take our family out of that situation, but I needed her full support, and of course she agreed. I told her to give me one year of sacrifice and commitment and I would make it happen. I knew that I could create complete financial freedom for my family and I.
I started learning the ins and outs of the business, started understanding how network marketing worked, learned from other leaders in the business, traveled to events, and before I knew it, I was making $750 per week, enough to pay my bills. We got off of government support the moment we were able to. At that point, which was January of 2010 I had to make a decision. I had to choose between pursuing a career with my father or go full time with Beachbody. After talking to him, the best option for long term growth was with Beachbody, so I went full time with it. Was it risky? Of course it was, but I knew my own work ethic and where I could take the business. The risk paid off.
2010 was the year I won Top Beachbody Coach out of over 50,000 coaches in the U.S. I had built a foundation for a million dollar business, and by the time 2010 was finished, I had increased my income by about 600% from the previous year. Fast forward 3 years to the beginning of 2013, and that’s when I was inducted into the Beachbody Millionaire’s Club. It’s taken an incredible amount of hard work, consistency, sacrifices, support, failure, and adjustments to get to where I’m at today.
(1) Work hard. You can’t become a millionaire by 30 if you don’t work hard every single day. You have to be willing to stay up long hours, get up early in the morning, and do whatever it takes to make it work. You have to have an incredible work ethic!
(2) Be willing to sacrifice. You have to be willing to sacrifice time and money if you want to become successful. 99% of the time there is an initial investment involved when starting your own business, so you do what you need to do to make it happen. If it means not eating out for an entire year, then so be it. Also, you can’t become a millionaire by getting up at 11 AM and working for 4 hours a day. Get up early and put in whatever hours you need to put in to complete everything on your task list for the day.
(3) Learn to accept failure. This is an important one. Failure is going to happen, there is no going around that, and if you can’t learn to accept it you will never find success. Failure teaches you lessons, teaches you what you need to do differently in order to continue moving forward. Instead of getting frustrated when you fail, smile, accept it, and make whatever adjustments you need to make so that you continue moving towards your goals.
(4) Improve yourself daily. The way to do so is by reading 10-20 pages of a personal development every single day. Some books I recommend are “The Magic of Thinking Big” by David Schwartz, “21 Irrefutable Laws of Leadership” by John Maxwell, “Talent is Never Enough” by John Maxwell, “The Art of Exceptional Living” by Jim Rohn, “The Slight Edge” by Jeff Olson, and “Eat That Frog” by Brian Tracy.
(5) Serve others. If you are in a business solely to make money and put that at the forefront of your motivation to build a business, you’re going to have a very hard time making money. If you want to build a successful business, you have to serve others. Help people, change lives, build a relationship and trust, and once you’re able to do so, you will get many people involved with your business.
(6) Find your passion. You can’t build a million dollar business if you aren’t passionate about what you’re doing. You have to enjoy waking up every day to work on your business, not dread it. If you can’t put your heart and soul into it, you won’t become successful. Find a business that doesn’t feel like a job, but rather something you love doing every single day.
(7) Find a career that creates residual income. Most careers out there stop paying you the moment you stop working. You can make $150k every year for 30 years, but when you stop working, your pay stops as well. Not with network marketing. Choose the right network marketing career and you can set yourself up for life. If I stop working today, I will still make money tomorrow and years and years to come. Multilevel marketing is a system that is completely misunderstood, but yet has incredible benefits.
(8) Stay consistent. If you want to become a millionaire by 30, you’re not going to do it in 2 months. You have to have patience and stay consistent over a LONG period of time! You have to throw all beliefs of instant gratification out of your mind.
(9) Understand duplication. In multilevel marketing, duplication is key. You have to create a proven, simple system that anyone can succeed with and is able to be passed on from distributor to distributor.
(10) Be a leader, not a manager. Trust me, there is a BIG DIFFERENCE! Leaders lead by example, are supportive, positive, see everyone as an equal, and guide people the proper way, whereas most managers are bossy, demanding, and feel like they are “above you.” When a leader speaks, the entire crowd stops what their doing, is captivated and inspired by what he or she says. A leader listens to his/her team, is open for new ideas, and isn’t afraid to admit they’re wrong. A leader is someone who puts others before him or herself.
(11) Find a mentor. If you’re going to start your own business in multilevel marketing, you better make sure you sign up with someone who has had tremendous success in the business. Too many times do I see people sign up with someone who has absolutely no idea what they’re doing, and it severely slows their rate of growth. Find someone who is successful, you can learn from, who is positive, who is a TRUE leader in the business and sign up with them. DO YOUR RESEARCH!
I truly hope you enjoyed and learned from my story and the tips on how to become a millionaire by 30. If you have any questions, just reach out to me at email@example.com. If you’re interested in the business that I’m a part of, Team Beachbody, you can email me as well and we will set up a call.
*DISCLAIMER: Beachbody does not gaurantee the success of any Coach. Success in this business is based on skill, time and knowledge of each individual Coach}*
My name is Josh Spencer and I'm a husband, father, online fitness Coach (since 2008), soon to be author, and holistic healing advocate. Since 2008 I've helped thousands and thousands of people make a change in their health! I believe that in order to make incredible changes you have to have the right mindset, nutrition, and workout plan.