How to Get Rich!

1. Introduction & Mindset Shift (~2 minutes)

Golden opens by challenging the common belief that wealth is morally dubious. He argues that making money is not wrong—it’s a righteous pursuit when conducted ethically and used to serve others. He encourages viewers to expel any shame or guilt about seeking financial success, as those emotions hold many people back. By reframing wealth as a tool for positive impact, he sets a moral and psychological foundation for his formulas.

2. Core Insight: Resourcefulness Over Resources (3–5 minutes)

One of Golden’s most philosophical points: wealth is a product of resourcefulness, not just raw resources. He asserts that success comes from your ability to solve problems for others, even when you lack traditional assets like money or connections. If you can create value, you don’t need an elaborate ecosystem. This mindset elevates creativity and innovation over waiting for the “perfect moment” or capital.

3. The “Create – Connect – Contribute” Triad (5–10 minutes)

• Golden builds on his thesis with a three‑step framework:

• Create – Develop a product or service (book, course, software, coaching).

• Connect – Find the right audience who need what you offer.

• Contribute – Deliver transformative value and results.

This triad is rooted in reciprocity. You’re paid in proportion to the magnitude of problems you solve. He emphasizes that money is the byproduct of contribution, not the goal itself.

4. Millionaire Math: Volume vs. Price (10–15 minutes)

Golden uses simple arithmetic to illustrate how different price points affect the effort needed to reach $1 million/year. This “moving zeros” trick is central:

• Offer Type Price‑Point Volume Needed for $1M

• Book $20 profit 50,000 copies

• Online Course $2,000 500 buyers/year

• Mastermind Cohort $20,000 50 members/year

• VIP Day or Consulting $200,000 5 clients/month

At $20, you'd need tens of thousands of sales—feasible, but low-ticket makes scaling difficult.

At $2,000, a handful of sales per day gets you there.

At $20,000+, even a few high-ticket engagements can yield $1 million annually.

Implications: Higher price = fewer sales, more margin, and more leverage on your time. He shows how scaling up price points dramatically reduces stress and increases lifestyle freedom.

5. Building Product Tiers & Sales Funnels (15–20 minutes)

• Golden then urges creating a tiered product suite:

• Entry-level (e.g., book): Builds trust.

• Mid-level (e.g., course): Offers deeper transformation.

• High-level (e.g., mastermind or VIP day): Delivers premium, personalized results.

Each level acts as a stepping stone into higher-ticket offers. He highlights the importance of designing funnels or client journeys—starting from free resources, nurturing prospects, and guiding them through increasing levels of commitment and price.

6. Mindset Maintenance & Consistency (20–25 minutes)

Attaining wealth isn’t purely arithmetic; it requires:

• Confidence in your solution.

• Consistency in outreach and delivery.

• Belief in your worth and the value you provide.

Golden stresses the urgency of dropping self-limiting beliefs like “I’m not good enough” or “Who am I to charge $20,000?” It's a mental battle as much as strategic.

7. Real Examples & Audience Engagement (Throughout)

While the transcript doesn’t name-drop clients, Golden frequently references entrepreneurs who:

• Wrote $20 books.

• Launched $2,000 courses.

• Hosted $20,000 masterminds.

• Sold $200,000 VIP experiences.

These examples reinforce how the math models hold water in real-world scenarios.

8. Summary & Call to Action

He wraps everything with a clear call:

• Adopt a wealth-positive mindset,

• Build solutions,

• Model multiple offers,

• Use arithmetic to align your pricing strategy,

Execute deliberately,

and serve consistently.

Golden emphasizes that a solitary formula—coupling psychology with pricing math—can unlock scalable income regardless of industry or background.

9. Why This Works: Leverage, Impact, and Leverage Again

The genius of Golden’s approach lies in:

• Leverage: You don’t need 1M customers—just the right number at higher price tiers.

• Impact: You’re solving meaningful problems.

Sustainability: You grow income without exhaustive scaling, maintaining quality and personal life balance.

✅ Final Thoughts

Myron Golden’s "simple formula" is straightforward but profound. It’s not about hustle for hustle’s sake, but about:

• Shifting your mind to embrace wealth as functionally good.

• Crafting scalable offers at multiple price points.

• Applying simple math to project and plan your path to a million.

• Executing with values, service, and consistency.

The framework works across industries—be it coaching, digital products, consulting, or physical goods—because at root, every business is about serving people.