So You Think You Can Become a Millionaire?
Just how hard is it to become a millionaire? For a lot of Americans that is the magic number that comes to mind. Let's break down what that number actually means. In order to make one million dollars in a year gross, you need to have a monthly income of at least $83,333.33 a month, $19,230.77 a week, and $2,747 a day.
Let's explore this through two routes. The average US single person income is $31,099 which equates to $2,591 a month, $647 a week, and $92 a day. If you worked this job for the same rate with no investment strategy and spent $0 of it- it would take you 32 years to amass the magic million. Of course for savvy people and those with ambition, this is cut down normally to around 25 years.
Another route you can take is to start a side hustle along with your normal job or start a business/franchise. Both of these options are viable and of course they are going to be hard work, but anything that is worth it in the long run is, right?
Franchises are proven models that can prove viable, but if you're earning $31k a year- chances are- you don't have enough money saved up to invest in a franchise (at least not most)
Enter stage right, Honest Abe Roofing. Honest Abe Roofing Franchise has been the nation's largest and most profitable franchise for the past 2 years. It is relatively cheap, since you can get financing from day one. This has come to be known as "The Working Man's Franchise" and will catapult you into a million faster than the alternative. Average sales for a franchise according to their FDD are $2.8 million a year. That's right, A YEAR.
To put this in perspective, the average food franchise like McDonalds, Hardees, Wendy's, etc. Averages about $1.2 million a year for 10 times the investment and insanely low margins. That means for 10x LESS money you will make 2x MORE than a franchisee in the food industry. Sound too good to be true? It isn't. The reason why Honest Abe Roofing Franchise is so successful is because they bring quality and trust into the roofing industry. They show up in khaki's, polo's, on time, and honest. Free roof inspections, and offer financing same day, which most roofing companies cannot offer.
Anyone can be a millionaire, the question is- do you have what it takes to run a multi-million dollar organization? Are you a leader that's going to take the keys to this Ferrari of a business model, and not drive it 55 on the highway, but fly it out to the autobahn and drive it like it's meant to be driven? Fill out this Abetitude test and Franchisee Application and find out.