If I Woke Up With Zero Money Tomorrow, This Would Be My EXACT 5 Year Plan

Once you have the knowledge and the discipline, you can create wealth over and over again.

A lot of people live in fear of hitting rock bottom. They've put in significant effort to get where they are today, and the thought of starting from scratch terrifies them.

They doubt whether they could achieve the same level of success again if they had to begin anew. This fear can be paralysing, keeping you away from taking risks or making changes that could potentially lead to even greater accomplishments.

It used to keep me up at night too, sometimes it still does.

This is mainly I would hate to experience going from poor to rich, then going from rich to poor. That would be really demoralising.

The thought of losing all the progress after working so hard to escape poverty is not just a financial setback, but a heavy emotional blow as well.

Once you have the necessary knowledge to make wealth, you can create it again and again.

Many people are in the condition they are in, not because they have lost everything, but because they don’t know how to create and maintain it in the first place.

For this reason, here’s how I personally would create my wealth again if I woke up with zero tomorrow.

1. I would find a full-time job to pay my bills.

I have a big ego, but my ego will NEVER be too big to work a job. This part here alone is what keeps soo many people broke.

They have no money but they don't want to be seen or caught working somewhere which is not perceived to be cool in the eyes of society, so they'd rather be broke.

Assuming I lost my business, my online business, the first thing i'd do if I woke up with nothing tomorrow would be to have a full-time job.

The reason why I would get a full-time job and not a business right away, even though I have entrepreneurial experience and know this is the right path to financial freedom, is that when you start with nothing, you need stability. This is extremely important.

Stability stops you from making dumb decisions in business.

Whenever you see people who venture into business and they fall of super quick, this is usually a result of them trying to rush the process and skip multiple steps at a time, this can make you prone to making bad decisions.

Most businesses—almost without exception—don't provide a stable income, particularly in the first 3-5 years. Yes, you could be making money but most of that money would have to be reinvested into things and people that contribute to the advancement and growth of your business.

When you're starting with nothing, you need money for immediate necessities like paying bills, clearing some debt, and planning from scratch. A new business isn't going to cover these expenses in the beginning.

This reality makes starting a business a risky move for those without a financial cushion.

So even though a business is a good option, it is not the best one if you are starting from crash all over again.

A full-time job for the short term helps you create a base and a backup plan and gives you the stability you need while you work on your dreams.

2. Stacking Money Phase

Here, my main aim is to grind to my first 100K again.

Option A : If I'm a business minded individual

With most jobs, this could potentially take about 1 year to put aside.

I say 15-30K because to really make an impactful move in business and/or investments, you need lump sums of cash and I believe 15-30K is a good amount for that to begin with.

I'd keep my head down and just work as much i possibly could. I'd get a second job if i could.

I'd only be at home to sleep, eat and shower.

I would not start a business which requires a lot of money to START because this will eat into my funds and won't have any money for other stuff for business advancement.

I'd start a business where I can make high amount of money with not much financial input in the beginning.

a few options from the top of my head.

1. I'd master content creation and sales and then start making content with products on the tik tok shop. This can attract a lot of views which means lots of money in commission for me.

2. I'd build a personal brand and an audience by giving them free valuable advice on a consistent basis on a subject I am very knowledgable in then offer some kind of online coaching for a monthly fee.

3. I would start an SMMA (social media marketing agency) business, where i take my time to learn how facebook, tik tok and instagram advertising works, then offer this as a service to business owners for a monthly price as the adverts I'm doing for their business will be bring them more customers, so it'd be nothing for them to cut me a £1,000 monthly check for this.... alll I would need is 5 people to be making £5,000 a month.

4. If I was a university student, I'd find a way to offer cleaning services or other utility services which can be beneficial to students for a monthly fee for taking care of their inconveniences.

5. If I'm someone who is really smart academically, I'd go to local schools and strike a deal with the schools for my tutoring services of certain subjects in order for them to allow to advertise my service in the school via leaflets that are handed out and posters around the school hall and even emails sent individually to all students. I'd give a cut to the school or educational establishment for allowing to do so and to continue the partnership and have a mutually beneficial business relationship.

I would not be closed to public schools but I'd mainly aim to work with private schools because those people will most likely have parents who can pay higher prices for tutoring, meaning I'd need less clients to be actively working with.

These are just a few ideas that would not require much money to START UP. This way I would be making PROFIT from day 1 of business. When you are at 0 and start a business that requires a lot to start, you won't be in profit.

It would only require time from me to learn the ins and outs of that industry, how it works, to learn some sales strategies and then start to aggression take action everyday.

(I have a lot of content on this Patreon that teaches these things step by step)

I would do these whilst working the full time job by the way.

Option B : If I have no interest in running a business (Best Option For Most People)

From the day of getting back into employment, I will start to invest money as soon as I receive my first paycheque and put at least 50% of it into the stock market.

I would invest into the S&P 500 every month consistently.

the percentage of money you invest will depend on YOUR situation. I understand people have responsibilities like children and family or are living alone and these necessities can make it more of a challenge to invest aggressively into the financial markets.

But based of MY situation, I am single, no kids, no wife, no GF. I would move back home with my mother or get a very cheap shitty flat to stay in so i can have more funds to allocate. 

The S&P 500 is know to return on average 10%, sometimes it does significantly higher, and sometimes it can do a bit less than 10, but the average is 10%

Example:

Earning £2,000 a month from working 2 jobs, 7 days a week, no life. (will request an occasional week long break every 2-3 months to rest and recover)

Invest 1,500 x 5 years with 10% average =£118,000

Find a way to take care of all my expenses for £500 (assuming I am living at home with parents and don't pay rent)

and you could keep this in there to keep on accumulating, and you could soon just be living off investments and would not ever need to work a job in your life, unless you genuinely want to.

The first 100K is a bitch, after that life gets a lot easier and you will all of sudden have a lot of options at your fingertips.

To some people this is a life changing amount of money, to others it may not be. However with this amount of money, it provides you an amazing safety net and less financial worries.

This is the luxury of being someone with not many responsibilities in life, it allows you invest aggressively. If you do have responsibilities then invest as much as you possibly can every month.

This plan is best for people who are not business focused or business minded. If you want to build a business but you still want to be investing into the markets then you should not build a business because your heart and your mind is not fully invested into it. for a business to thrive, it will need nearly all of your time, energy, money, attention and focus.

You only invest into the stock market or real estate after you have gotten your business to an income level you are content with.

Sometimes you'll have to live like shit for a few years before you live amazing, it's just not many people are willing to do it, even though they love the IDEA of the outcome.

Live like nobody else today, so later, you can live like nobody else.

-Dave Ramsey

During this stage, as tempting as it may be, I would avoid anything related to crypto (apart from bitcoin)

This is mainly because crypto is a really high risk investment that could literacy wipe you out overnight putting you all the way back to 0, it's too much of gamble when you have 0.

When you have 0, it's mainly about taking calculated risks and 'gambles' then when you have a big enough cushion, you can do dumber investments like buying all of those crypto coins.

Because even if it fails, it won't put you all the way back to 0 and your hard year of grinding two jobs to waste.

3. I Would Not Quit The Job(s) Quickly

If i am business minded, I would keep my job(s).

Quitting overnight is a stupid thing most people do when they start to make their first bit of profits.

I'd keep working and gradually reduce my hours until the business income has doubled the income for a minimum time of 1 year of seeing that consistent income. THEN I'd do business full time.

Conclusion

As you can see, I can get back back on track in about five years if I lose everything tomorrow.

For some people it may take slightly and for some it could happen slightly sooner, but this plan would definitely get my financial life back on track.

It will take me time and a lot of effort again, but I know I can create the wealth I have now over and over again without any issues because I have the knowledge, grit and mindset for it.

Many people fear starting a business or investments because they are too prideful, they feel it’s too risky and are unwilling to lose everything they have built so far for something they don’t know will work.

The goal is not to work forever but to build something good enough so you can retire and dedicate yourself to the things that matter to you, even if you have to start from zero over and over again to achieve it.

If you have any questions, let me know.