Money can give stability, security and peace of mind, as long as it is used in the right way. It can also help people achieve their goals and help others achieve theirs as well. But money does not guarantee happiness, especially because it can be hard to manage it.
The right financial education helps people win with money by using it more wisely. Jerry Fetta runs Wealth DynamX, a financial firm that helps families learn how to manage their money and put it to work.
At a young age, Jerry Fetta saw his parents separate and get a divorce in part because of money. This caused him to have a great interest in money, but at the same time a great disdain for it.
“At the age of 7 or 8 my parents got divorced primarily over money. We lost our house, the car got repossessed, and we spent the summer sleeping in a camping trailer behind someone’s house (all in the same summer). So I always had a strong interest in money because it caused so many issues, but also a disdain for it. I’m now 28 and I’ve helped thousands of families improve their finances, built a multi-million dollar company, and achieved a personal net worth of more than $1 million. What makes me unique is that I understand money at the level of a financial Insider (because I was one) and I share those secrets with everyday people in a way that is simple, applicable, and true.” Jerry shares.
Wealth DynamX provides the following services to families: financial education, money management, getting out of debt, building reserves, tax planning, and investing in gold, silver, real estate and other alternative assets.
“Our goal is helping each of our clients achieve passive income that exceeds their savings, expenses and taxes. 80% of Americans live paycheck to paycheck. 60% of Americans have less than $1,000 saved. The average retiree will run out of money within 10 years of retirement and doesn’t know it. People need help and the truth is that money is simple. I instantly understood finance when I started learning about it and realized I could help others do the same.” Jerry explains.
Jerry’s motivation to start his business was his passion to help people. Since he was a personal trainer and amateur bodybuilder before and helped train people, when he entered the financial sector he saw the same opportunity but only this time it was about money and finances.
“I saw that I could help. At the time I was a personal trainer and amateur bodybuilder and I loved helping people make better decisions about their health. When I looked at the finance industry, I saw the same opportunity to help people that I had done with fitness, but instead, it was about money and finance. What I was learning about money had helped me so much that I couldn’t help but share it with others.” Jerry says.
For Jerry, one of the biggest challenges when starting a business is having the right information. There is a lot of content out there on how to launch a project or grow a business, but not everything is useful.
“I was stumbling around for several years because I had read dozens of business books and listened to hundreds of hours of podcasts and most of the information I learned was contradictory. So I didn’t know what the right answers were or who to listen to. This caused me to not really do anything for several years because I was confused and afraid of failure. When I finally learned what was true in business, the sequence to follow with true information, and how simple it was I was actually able to get results in expanding my company immediately.” Jerry recounts.
Through it all, what truly helped Jerry achieve success was focusing on actions. Mindset is important, but for him the priority was what he did to make his business work, more so than what he thought about it. By doing, he was able to learn what a business really is.
“My advice for those trying to start their own business is to pick something you’ve already made money at and go deliver it. Even if at first it’s for free. Do a great job, promote that you did a great job, and then use that promotion to get customers. You don’t need startup capital, investors, a business degree, or anything other than a knowledge about something potentially valuable, the ability to deliver and demonstrate that value, and then the willingness to communicate and exchange with others. That’s all a business is.” Jerry says.
In 2020, WealthDynamX moved to a cloud based model so they could be agile in the marketplace and limit their risk, while still tripling in growth. This year, Jerry’s projects include establishing a new headquarters to house his companies.
“In 2021, I will continue to grow my personal investments and passive income. I will also be hiring and training executives from my companies to continue our expansion.” Jerry adds. Find out more about Jerry and Wealth DynamX here.
Non advertorial feature
#entrepreneurs
