How to Build a $8 Million Empire by Age 27

How to become a millionaire

If you read this it’s probably because you want to become a millionaire.

To help you become one, I’ve interviewed Peter Voogd.

Peter is a serial entrepreneur who’s built a $8 million empire in a short period of time. He’s trained close to 5,000 entrepreneurs and has helped them take their life to the next level.

If you wonder how to become a millionaire this interview will give you many answers.

1) Could you introduce yourself?

I’m Peter Voogd, and I’ve been running businesses since I was 15, but found myself broke, stressed and discouraged by the age of 22. By 23, I made my first 6 figure income, and 3 1/2 years later my earnings were over 1 million. I then took the same formula and applied it in multiple industries. I’ve trained close to 5000 entrepreneurs. I’m the founder of the prestigious Game Changers Academy, author of the International Best seller 6 Months to 6 Figures, and run one of the top podcast on i-tunes, The Young Entrepreneur Lifestyle. I strongly believe the more people you help succeed the more successful you become.

2) Could you talk about your personal story and why you became an entrepreneur?

My first entrepreneurial venture started at the age of 15 when I was introduced to eBay. Now, I didn’t meet real challenge until age 20, mainly because I wasn’t going after anything challenging or worthwhile. I got a job with a direct sales company, and became an independent sales representative. I was in charge of creating my own schedule, my own customer base, and most importantly, my own motivation. It’s what I wanted and it gave me complete autonomy! I soon realized creating my own schedule and motivating myself consistently was harder than I originally thought. I really had to dedicate myself to consistent improvement, which I wasn’t use to. What drew me to the opportunity was seeing 24-25 year olds who owned multiple homes and loved what they did. I wanted the same thing and knew this was the way to a great life, a life different from most.

I worked my way up to District Manager within nine months of joining the company, which was one of the quickest in the company’s sixty year history. This meant I was now in charge of building my own sales organization and I could build it as big as I wanted. I underestimated the challenges of being an entrepreneur, and was quickly humbled. I realized leading and motivating others was a lot harder than motivating myself. Within a couple months, I was ready to throw in the towel and started thinking, “Maybe this entrepreneur thing isn’t for me.” I became depressed, miserable, and saw the money I saved disappear. The feeling of losing control over my future, letting people down, and not knowing how I was going to pay for my next meal was enough for me to make a change. I have a vivid memory of me sitting on my bed in my one-bedroom apartment, wondering what I did wrong, and why I was where I was?

I really only had two options:

Option Number 1: Abandon entrepreneurship

Give up on the dreams, goals and ambitions I had set for myself. I could settle for an average job, but I realized if I quit, I would become accustomed to quitting and it would be easier to quit the next time something got hard.

Option Number 2: Figure it out and make it work

How to persevere

I made the decision that ultimately changed my life. To never give up and figure this entrepreneur thing out. That hunger drove me to immerse myself in personal development, business, and achievement. I decided to keep working at it and make it work. I didn’t want a boss and didn’t want to be like the 71% who were disengaged at work, or the 69% who still have financial issues when they’re sixty-five. I heard a quote that changed my life,

“If you want  to become a millionaire,talk to billionaires,you’ll get there quicker.”

I decided to ignore everybody around me who didn’t have the results I was trying to achieve, and only study the best in the industry. I realized a smart person learns from their mistakes, as all successful people do, but those who operate at a world class level learn from other peoples mistakes so they can shorten their learning curve by learning from them and not wasting as much time making the same ones. I was able to go from working 70+ hours a week doing 700,000 annually, to working 20-25 hrs a week and doing 1.4 million annually. I walk through the entire blueprint in my new book “6 Month to 6 Figures.”

3) Do you have any daily routine?

Yes, I schedule everything and make sure I’m extremely intentional throughout my day. If you take care of your days, the weeks take care of themselves. Either you control your weeks, or your weeks control you. I have result rituals that are very strategic.

The more you sweat in peace, the less you bleed in war.

The “trick” to productivity is deciding what you will work on at some point other than in the moment, and then to practicing that high-value work over and over until it’s natural, habitual and automatic. Here are my favorite questions to ask myself before I start my week.What did I complete last week?

– Did I focus on the 20 percent that creates 80 percent of results?
– What must get done, no matter what, to solidify a successful week?
– What are the rituals and routines I’m committed to that aren’t negotiable?
– Who do I need to reach out to this week to elevate my thinking and move my business forward?

I start off with gratitude and a morning routine that puts me in peak state of mind starting my day. I then get to work for 90 minutes on my most important task.

I always make sure my commitments are intentional and strategic. You must make sure you tie them to your monthly and yearly outcomes. The goal here is to invest your past experience into your future preparation. I also make sure I spark my mind daily, spark my body daily, and connect with people playing the game at higher level than myself. This helps me raise my standards and helps me think and act bigger.

4) What do you do to keep yourself motivated?

I remember why I’m doing what I’m doing. I look at my 10 goals for the next 12 months daily. This keeps me on purpose and reminds me why I’m working so hard. You must have goals & dreams to pull you through your toughest challenges. Only 5% of society has their goals written on paper. Those 5% make more than the other 95% combined.

People in the bus

I will never forget when I was broke, stressed, and struggling and NEVER want to feel that way ever again. You gain your hunger through your tough times, not the easy ones.

5) Who inspires you most in life and why?

My mom and dad because of their work ethic, integrity, and dedication. They did everything they could to give my brother and I a great life. They EARNED everything they have, and continue to reach for new success.

Elon Musk inspires me to think big, and to go against traditional thinking.

Richard Branson because of his bold choices, and alway leading by example. He has fun with everything he does, and never stops pushing the envelope.

6) You’ve trained over 4500 entrepreneurs, what have you learned from it?

Companies don’t succeed people do, and plans fail while MOVEMENTS don’t. There is nothing more powerful than the belief you put in your people. The power of a strong vision and culture is priceless and when you make your business about something you will attract exceptional people. If you have a strong culture, the results take care of themselves. I learned that when you find people that are purpose driven, vs. money driven it attracts more A players. I always looked for those eager to learn and those in it for the long hall.

I learned what motivates people, and how to pull people towards their goals and vision, not PUSH. Sometimes you must pull up your A players to make the B players stronger, and to push out your D and C players.

I learned incentives based on results vs. time or age is the best way to attract quality people, and the BS meter of millennials is at an all time high. You must have their best interest in mind, or they will find places that will.

They need a clear path on how to advance, if they see it as a dead end the A players will eventually leave. Also, you can’t treat your top performers the same as your low performers.

Ongoing training was a huge key to success, and I learned I need to give time to those who deserve my time not those who want or needed it. The key is to teach those who needed and wanted my time how to deserve it.

7) You wrote a book called 6 months to 6 figures, could you lay out the basic principles of this book?

6 months to 6 figures

I wrote this book because it was needed at the highest level, and I’ve been focused on two things the past 10 years. SHIFTING OUR CULTURE, and helping Entrepreneurs thrive. Let me share some scary, but powerful stats with you.

  • 71% of people hate what they do and are activity disengaged at work
  • 60% of college grads can’t find work after they go in debt 40k-100k
  • Only 2% of our society is financially stable at age 65
  • 1-3 americans think their best chance of getting wealthy is the lottery
  • Avg price of college is up 27% while avg student income at all time low A & B students are working for the companies the C & D students own

My challenge I present in this book is to help people GO AGAINST THE GRAIN !

I’ve “6 Months to 6 Figures” is a breath of fresh air to the Entrepreneurial world, and was created to shift our culture. No BS, No fluff, No Academic Theories, and No Sugar Coating. Just real world, tactical, hard core strategies from being in the trenches. I reveal the exact strategies I used to go from dead broke to over 6 figures within 6 months in multiple industries.

If you’re one of the select few who are serious about success, this book will change the game for you. Most Entrepreneurs struggle with inconsistent income, low productivity, and don’t have enough time in a day to get everything they want done. I show you the fastest and most effective ways to maximize your income, get bigger things done in less time, and helps you create your ideal lifestyle. I assure you this is only book you’ll ever need to thrive as an Entrepreneur. It will help you create a quantum change in the results you enjoy in your personal and professional life. As I’m sure you are aware and have experienced, most people just talk about success, wish they had success, but never take the necessary action consistently to achieve it. They spend year after year just trying to get by vs. designing a compelling future. I want to bring you off the sidelines and into the game. I want you to enjoy higher levels of fulfillment, more passion and energy, and results very few attain.

8) Why today is the best time to start something?

Going to take a small except from my book to answer this question:

If I didn’t tell myself now mattered, this book wouldn’t have been written for a couple more years, if ever. One of the main reasons people aren’t achieving the success they’re truly capable of is they’ve never told themselves NOW matters. This ‘someday’ mentality is killing so many dreams and goals. In fact, I’d say it’s near the top of the list of reasons why our society is filled with regret, frustration, stress, and unfulfilled potential. If you want real change, you must change something you do daily and adopt this perspective right away. There will never be a right time and if you’re waiting for the perfect time, you’ll be waiting for a long time. There is NO tomorrow for champions and you’ll find urgency evident in every leader. In a conversation I had with motivational speaker and visionary Eric Thomas, he stated his #1 focus was to seize each day. If you take care of today, tomorrow takes care of itself. If you take care of your days, your weeks take care of themselves. If you take care of your weeks, your months take care of themselves. If you take care of your months, your years are exceptional. I’m confidently assuming you’re ready to make quantum leaps in your life. Here’s how you start. Make the most of today, then tomorrow, then the next day. Most people spend the first half of their life saying they’re too young and the second half saying they’re too old.

photo-1417962779624-1790ed01e8d5

I’m guessing you’d like to be financially free by the time you’re 65 years old? I’m sure everybody does. Let’s deal in reality here.

At age 65, as reported by the Social Security Board in Washington, D.C.:

  • 69% of American people are dependent on relatives, friends, or charities.
  • 29% are still working.
  • 2% are financially independent.

I will tell you becoming that 2 – 5% starts with urgency, and you MUST have a sense of urgency if you’re serious about success. Do you think those struggling in their 30s, 40s, and 50s told themselves they were going to struggle when they were older? Of course not. If you talked to them when they were younger, they were confident they would have their dream house, dream job, have lots of money, and be enjoying life to the fullest. What happened? They never told themselves NOW matters and they didn’t connect their daily actions with their future goals. Don’t fall into the same trap. The people who will be unstoppable over the next 2-5 years have a vision to live differently than those around them. They have a strong vision for the path less traveled, a vision for the extraordinary life, financial freedom, flexible lifestyle, and ultimately, a fulfilled life. The vision isn’t enough on its own. You must have a sense of urgency and attach everything you’re doing to your future self. The time is now and it’s time to take full responsibility for your future. If you want success bad enough, you’ll find a way to create it. Opportunities are only opportunities if you’re taking full advantage of them. I’ve laid out a simple framework for you to follow, but now you must own it. It won’t be easy, but if you take it day by day, you’ll start to see real progress. Progress is a great motivator.

9) What’s required for someone to succeed (the skills he/she need, the knowledge…)?

A couple things come to my mind, but I think most important is creativity and tenacity. If you have those two things you will eventually make it as an entrepreneur. Here are a couple other skills needed to become the best at what you do.

A POWERFUL “WHY”

Realize that no matter where you are right now, you can always take it up a notch. Your possibilities are endless when you strengthen your why and come up with enough compelling reasons. The goal is to create a why so strong that it pulls you through any challenge, all doubters, and even your own limitations. In my opinion, a big portion of our society doesn’t have enough strong reasons for building a world-class life. Settling for mediocrity is becoming the society norm. If you don’t like or enjoy what you do then re- evaluate why you’re doing it. Immediately create an action plan around what you want to do, and who you should connect with that will help you get there. We’re in an economy that now welcomes the entrepreneur, and has made it easy to design your ideal future. It just takes compelling reasons, clear intentions, and the right guidance. When you don’t have enough reasons for why you do what you do you’ll give up and settle, and that is the worst thing on earth.

A UNIQUE ABILITY TO FOCUS ON STRENGTHS, AND DELEGATE WEAKNESSES

Anybody that tells you to focus on your weaknesses hasn’t experienced consistent peak performance. The idols you and I respect, and all well known achievers got to greatness by doing what they were good at, and deliberately focusing on their strengths. If you’re not sure what your strengths are start asking those closest to you. This isn’t always what you love, but where you get results. The goal is the be so good at your strengths that it propels you to stand out, and of-course everybody loves doing what they ‘re good at. If you’re focused on too many things it will cause you to be average in many vs. exceptional in a few. I would start crafting your dream team, and find those who compliment your weaknesses. What can you become the best at?

UNDERSTANDING THE IMPORTANT OF HABITS OVER INSPIRATION

Inspiration is needed to create consistent action, but your habits are ultimately going to define your success or failure. It’s been said that after seminars and conferences only 5% actually use what they’ve learned. Why is that? It’s because inspiration is very short term, and feels good in the moment but doesn’t last past the activity producing it. We want those associated with Young Ambition to focus on shifting habits, gaining better perspective, and interrupting bad thought patterns instead of just inspiration. I’ve realized that’s the biggest inspiration of all is seeing progress and results: which comes from new habits. When you begin the formation of a new habit, stick to it, and see the lasting change in your new-found life!

MASTERY VS. INFORMATION OVERLOAD

This concept helped me early in my career and was a huge part of my first 6 figure income. I call it the Mastery vs. Overload Principle. Mastery is the highest form of accomplishment. The only way to become successful is to master the fundamentals, but the fundamentals you adopt must be congruent to your end results and goals. The problem with most people is they have so much information: they read books/ articles, listen to audios/CDs, they have “coaches” from different backgrounds telling them one thing here and another thing there, etc. This causes them to become so overwhelmed they take the wrong action, or even worst stay paralyzed.

Instead of reading 50 books this year, master 3 of them. The immature learner wants to get as much information as they can as fast as they can, but you’ll usually find them broke, stressed, and lacking real progress. The mature mind is very deliberate with what they study and put in their mind. The achievers focus on listening to something until they’ve adopted it into their daily agenda, and seen their results improve. Then they move to the next skill. “If you have more than 3 priorities, you don’t have any,” is one of my favorite quotes by Jim Collins. What do you need to start saying “no” to?

THE REAL EDUCATION

Jim Rohn said “if you work hard on your job you can make a living, but if you work on yourself you can make a fortune.” He wasn’t kidding, and investing in yourself is at the top of the list of ways to solidify an exceptional future. Free advice is everywhere. Your manager, your neighbor, your parents, your friend who obviously knows it all, the internet, the promoted sales guru in your company, the trash man, your teachers, etc. Usually if it’s accessible to everybody it’s not very valuable, AKA you get what you pay for. How much is accountability, increased results, and a deeper network worth to you? Tony Robbins, Michael Jordan, Oprah Winfrey, Richard Branson, & many other well known millionaires and billionaires admit they have invested millions into mentorship and masterminds. The reason I am passionate about this is, because when I was at the lowest point in my career I invested in a mentor, and just knowing I was investing in myself when most weren’t gave me great confidence. That was my best year ever, and two years later I found a higher level mentor that took my results to an even higher level. Elevating your circle of influence, and being around people who raise your standards is priceless.

BE A PRODUCER FIRST, THEN A CONSUMER

In one of my favorite books “The Millionaire Fast Lane,” MJ Demarco talks about the importance of being a producer first, and a consumer second. Here is an insert, “Applied, this means instead of buying products on TV, sell products. Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer. To consume richly, produce richly first. Unfortunately, most people have it backward: consumption and no production. Producers get rich. Consumers get poor. Switch teams and reorient as a producer first, a consumer second. Make wealth attracted to you!”

Those focused on building something bigger than themselves, and are consistently on purpose are always producing results, not consuming.

10) Anything you’d like to add?

The only limitations you have are those you place in your own mind, and once you replace your limitations with confidence there is nothing you can’t accomplish. Make sure you figure out exactly who you are, and what you want. Then you must decide what you’re willing to give up to get what you want.

 

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10 comments… add one
  • nwachukwu February 21, 2015, 4:16 pm

    Is really amazing. The facts are absolutely correct. Even though I haven’t gotten to where I want in financial strata, I have experienced a couple ideas esponged in this article. Lovely article!!!

    Reply
    • The Becomer February 21, 2015, 5:47 pm

      I’m really glad you liked the interview and do hope that you will implement some principles.

      Reply
  • Michelle February 21, 2015, 4:45 pm

    I think number ten is the most important!

    Reply
    • The Becomer February 21, 2015, 5:47 pm

      Thank you for your comment Michelle

      Reply
  • mwajahatali February 22, 2015, 7:26 am

    I am right person on the right time.. precised questions.. “Mastery Vs Information Overload” made my time to read it.
    How can i get help one to one according to my situation?

    Reply
    • The Becomer February 22, 2015, 10:48 am

      I would advise you to either find a mentor or to be part of a Master group.

      Reply
  • Diane August 2, 2015, 5:08 am

    This was a fantastic interview! I’m currently struggling with Information Overload v. Mastery and Peter’s response is very useful in helping overcome that. In the back of my head, I know it’s important to produce rather than consume and I think after reading this article I’m going to create an e-course!

    Thanks.

    Reply
    • The Becomer August 2, 2015, 11:23 am

      Thank you for your comment Diane. You should definitely create an e-course 😉

      Reply
  • Godswill David September 6, 2015, 6:00 pm

    I’m highly inspired in reading this wonderful article and highly motivated to act fast

    Reply
  • Zohair April 17, 2017, 4:42 pm

    I had worked my way to have a nest egg of 500 k US dollars when I was 58. However a mental illness led me to make some business decisions that resulted in my losing this amount. Now at 63 getting back is extremely challenging. However my medical challenge has reduced considerably after medications. I know that I have an uphill task getting to that nest egg again. Have lots of ideas but raising capital is n issue. Still I liked the article very much

    Reply

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