Deal Flow: Secrets of the Smoke-Filled Back Room Where Fortunes are Made
Changes are coming to TaxLoopholes! One of the new features will be a forum that you can participate in to create your own mastermind groups, learning circles and interactive learning.
There will be three levels, including the private, by-invitation-only “Diane’s Mastermind.” One of the unique aspects of this exclusive forum will be an online Deal Flow.
The term “Deal Flow” comes from an exclusive club that I first learned about from one of my very wealthy clients. This is an annual meeting that a bank sponsors for its high income, high wealth clients. The starting stake for any deal discussed in this closed door, one-day meeting is $1 million. Each bank’s client who was invited was allowed to bring his or her legal and tax team (which is how I knew about it).
It was amazing to watch. This is how the rich get richer! They cut each other in on their best deals. Why do they only want to invest with people they know? Because these are often deals that may or may not work out. Every person in that room had to be approved (based on income and/or wealth AND mindset). They didn’t want to deal with an investor who wasn’t experienced. They wanted only people who “knew the rules of the game” and were proven “do-ers.” No timewasters allowed!
I sat in that room as heirs of duPont, Rockefeller and hundreds of other old fortune names kicked back and talked about their deals.
“Hey, I have a chain of stores I’m looking at. Anyone want in?” someone shouted from across the room. A group formed to discuss the deal.
In about 6 hours, hundreds of deal flow groups had formed. Their advisors exchanged contact information and they all went off to become even richer, together.
This is how the rich do it. Wealth-building doesn’t have to be do-it-yourself. Sometimes having someone else to bounce an idea off of and actually supersize it can make all the difference. Keep watch at TaxLoopholes for the upcoming changes and learn how you can be part of this exclusive group.
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Diane, this is very exciting. I’ll be looking forward to this.
I’ve wanted to create something like this for years. Now, with the power of the Internet, I think we have the opportunity to do something very ground-breaking in the way of not just community building, but creating masterminds that make a HUGE difference in the lives of the people involved.
Diane, Wanted to iterate my support for this as well. After completing your Maui Millionaires book and thinking about great benefits of the ‘mastermind’ groups in other areas of my life, I have been am excited to get be involved with others to push, support and grow in the financial area as well. This is great news…looking forward to it. Thanks in advance… Pittsburgh Mike
Thanks Mike! I’m excited by the new changes you’ll see here soon. I think you’ll be pleased as well.
Keep watching! (And Mike, both Megan and I really appreciate your comments. - Please keep the comments coming)