In our world today, if you are a woman, BIPOC, LGBTQIA, disabled person, or belong to another historically excluded group, you are not making as much money as you could be making.
You are underearning. Period.
80% of historically excluded entrepreneurs get stuck earning $50,000 per year (or less) and never climb beyond that number. They remain stuck in a cycle of overworking, underearning, and barely making ends meet. After paying business expenses, taxes, etc, that $50,000 gets whittled down to $30,000 or $25,000 and that’s a poverty level. That’s not a livable income. You’re self-employed—but not free.
These percentages have not changed in the last 25 years. We’ve been stuck. That’s what IRS and US Census data from the last century shows us.
I say: reject the data. Because here’s the thing about data. It’s never set in stone. Future data can change based on the decisions we make today. As an entrepreneur, I refuse to be a statistic and you don’t have to be, either.
We can change these numbers. We can beat the odds. We can go further than our ancestors did. We can close the gender and racial wealth gap. We can reach for more—and get it. We can start making $50,000 a year, then $100,000, then $200,000, then $500,000, and eventually shoot for $1 million.
I want you to know…
If you have the ability to make $50,000 per year, then you can make $100,000 per year. If you can make $100,000 per year, then you can make $1 million. Whatever amount you currently earn, you can have more. This is doable. It may not feel like it right now, but it is.
However, the thinking and behavior that got you to $50,000 in annual income or $100,000 in annual income will not necessarily get you to $1,000,000.
It’s time for a whole new plan. You need new action steps to take. You need a new mindset. You need a new support network, a community surrounding you. You need new energy in your life. You definitely need a coach. You need to hang with people like me not just once per week via this newsletter but everyday for a whole year. You need the Club.
What I want you to do right now…
I want you to come up with one reason why you want to have more money. One reason that is very important and personal to you. Your reason might be…
- Because I want to own a home.
- Because I want to provide the best education for my child.
- Because I want to experience what it feels like to look at my bank account balance and not feel stress.
- Because I want to be the first in my family to have generational wealth.
My reason was because I wanted to buy a nice house with a big backyard so my kids had stability and safe space to run around. That dream came true. So can yours.
So go ahead …. state your reason. Because…what? Write down one reason.
Connect with this reason and let it fire you up, let it motivate you, let this reason give you purpose and let it move you into action. Know your reason, and then take the action to become a Club member. The decision has never been easier.
Amodhi went from making $0 and having 0 clients last Thanksgiving to making over $250,000 in the space of one year.
Melisa went from $5k months to $1 million in net revenue.
Ashley launched her business and within 2-weeks made the most money she had ever made selling her own services.
Fila made more than double what she paid for The Club within 30 days of being a Club member.
What will your success story be? Let’s find out together.
xo,
Rachel
PS: Take advantage of our Black Friday offer and join The Club at a discounted rate plus get a bonus ticket to my live event in January thrown in. That’s a total of 50% off.
Join now or pay 50% more later.
