Member of the Week: Michael L. F. Slavin, author of One Million in the Bank

Michael Slavin

Michael Slavin

Name: Michael L. F. Slavin

Book Title: One Million in the Bank: How To Make $1,000,000 With Your Own Business, Even If You Have No Money Or Experience

Your book’s Amazon purchase link:

http://www.amazon.com/One-Million-Bank-Business-Experience/dp/0996118608/

What is your book about?

OMITB will tell you how to put $1,000,000 in your bank account in 3-7 years (on the average). I tell you how to get the idea, where to find the money, and where to find free help to get you into business and grow it.

  1. You do not need a new, innovative idea for a product or service
  2. You do not need your own money (I was broke, but raised $200,000 in two weeks to start my business.)
  3. There are tons of free help, classes, mentors, and counselors

The book is full of practical and actionable advice. I was bankrupt and broke, but after starting my business I had $1,000,000 saved in 3 ½ years. But the book is not about me; I have 12 detailed case studies in the book of everyday people who started an everyday business and had more than $1,000,000 in 3-7 years. This will change the way you think and may change your life.

One Million in the Bank

One Million in the Bank

What inspired you to write your book?  I wanted to help others. Of course, not everyone will change their life, but I do tell people how to do it. I struggled financially very badly for 7 years after I was recruited out of the Army. No one would hire me for what I felt I was worth, so I had many jobs in those 7 years and learned a lot. Finally I started my own company and 3 ½ years later I had my first million dollars. I wrote a no fluff, practical advice and steps to take to start a business and make your own $1,000,000 in 3-7 years. I back this up with 12 stories of everyday people who started everyday businesses and made their first $1,000,000 in 3-7 years on the average.

Can you describe your writing process? For my first book there were the stories and the second part was instructional part or the main body of the book. I collected my stories through interviews of people I sought out who had made at least $1,000,000 from meager means and in no more than 10 years. That took a lot of time. As far as the main text, I just started an outline and started filling it in of what I thought was important. I also constantly read and listened to audio books and I would get a new idea that I felt was important to someone starting a business from scratch.  When I thought I had the text roughly done, I went through my book and integrated the stories. I found some stories just did not fit, or didn’t have any new lessons so they did not make it. I also found in some cases I needed a new story to make a point and went looking for it. It was a tremendous journey and taught me so much and made me feel young. The biggest thing I learned is how generous and goodhearted people are to share their stories in the hope of helping others. 

How did you come to do what you’re doing today? OK, how I got here-West Point, 10 years in the Army, recruited out, 7 very rough financial years, started my own company (23 years old now) where I was until January 2016. I stepped out of the company to have more time to care for my wife who has Parkinson’s disease. I worked on One Million in the Bank for a couple of years and it was released in Sept 2015. The book is doing great, so I am now writing and speaking, plus caring for wife.

Can you describe a typical day in your life? My days are centered on caring for my wife, but woven into that is writing and speaking.

What do you most enjoy about what you do? I love the idea I can change people’s lives for the better with my books and ideas. I also love the process of researching and learning as I go.

Are there any people and/or books that have inspired you along your journey?

Of course many people have helped me and many books have inspired me. To them all I say thank you. 

Can you share something that people may be surprised to learn about you? Here are a few:

  1. Been blessed to be in the right spot at the time and saved 4 different lives at different times
  2. Caught in a riot by accident in S. Korea and tear gassed
  3. Crashed a helicopter 3 times (all mechanical)
  4. Played in The World Series Of Poker Main Event 3 Times
  5. Parachuted, mountain climbed, flew gliders, flew fixed wing, scuba dived
  6. Military Aide to the President of the United States on his visit to S. Korea

What’s next for you? I have many projects in mind, some partially written and others not so much yet. I am spending most of my writing time on One Million in the Bank II and Christian Millionaire (working titles). Those are both working titles and will be in the same style as One Million in the Bank. I am always looking for places to speak to try and help as many people as I can.

Is there anything else you would like to add? The goal is to get as many people as possible on the path to making $1,000,000, if they want too. The money is not the real goal, it is being able to take care of your family and have options in life.



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