Kassy Pajarillo-Braganza – Without Trust All Is Lost

BIO: Business growth online mentor and coach Kassy Pajarillo-Braganza helps coaches, consultants, trainers, private practitioners, and service-driven entrepreneurs claim their six-figure outcomes for their seven-figure businesses through her program, the Power Profile Biz Accelerator.STORY: Kassy knew this celebrity who had an incredible idea of making passive income. All she had to do was invest $2,000 in the product the star was selling, and she would get a certain amount every time he got a new customer. This was all a lie. Kassy never made a single penny.LEARNING: Don’t trust anyone who asks you for money first. There is no such thing as passive income; you’ve got to put in the work. “Trust is everything. You don’t have to manipulate people to earn money.”Kassy Pajarillo-Braganza Guest profileBusiness growth online mentor and coach Kassy Pajarillo-Braganza helps coaches, consultants, trainers, private practitioners, and service-driven entrepreneurs claim their six-figure outcomes for their seven-figure businesses through her program, the Power Profile Biz Accelerator.Worst investment everWhen Kassy was younger, there was this reputable guy who was sort of an elite celebrity. She knew him, and he seemed to be credible.The guy has this insane idea of making passive income from a product (vitamins) he was selling. The buyer would make a certain amount every time a new customer invested in the product.Just a scamKassy was interested in the idea, so she talked to him about it. He told her that she needed to invest $2,000, and each time he invited another person to join the community under her, she would earn a certain amount of money. She just had to sit back, wait for the guy and his team to do all the work, and she’d make money in return without lifting a finger—besides paying the $2,000.The guy assured her that it was a good investment and many other celebrities were in it. Kassy was convinced that it was an excellent idea, and so she invested in it.Kassy never made any money from the investment. All she had was tons of vitamins.Lessons learnedYou’ve got to do the work to make moneyAside from doing the research, you got to do the work. There’s no such thing as sitting around and expect other people to do the job and bring in passive income for you.Work with credible peopleBeing a celebrity does not necessarily count as credibility. When you want to partner with people, always ask yourself what they are after and what you stand to benefit from the partnership.Be wary of the shiny object syndromeBe careful of people flashing money and promising you will have x amount in whatever time frame; if it’s too good to be true, run right away.Avoid people asking you to give them money so that you can make moneyAnyone asking you to provide them with cash first, avoid them at all costs.Andrew’s takeawaysTrust is vital when doing businessTrust is essential when doing business with anyone. However, it is vital to understand that there is no shortcut to trust. It has to be built over time.Don’t be seduced into a bad investmentSalespeople are very skilled at seducing you into their business ideas. Many are hard to resist, but you must be careful about every business opportunity that comes your way. Remember that anyone trying to sell an idea to you is out to benefit themselves, not you.No income is passiveThere is no such thing as passive income. Any tiny business that you’re going to do, you must put in work if you are going to make an income. No real income will ever come from just sitting and waiting for it to hit your bank.Actionable adviceKnow your goal and your big vision, then go in that direction. If you don’t have a vision, you will always be directionless.No. 1 goal for the next 12 monthsKassy’s number one goal for the next 12 months is to help more women reach their six to seven-figure dollar income.Parting words “Drive ambition, keep on serving love and do that one thing that fuels you.”Kassy Pajarillo-Braganza [spp-transcript] Connect with Kassy Pajarillo-BraganzaLinkedInTwitterFacebookWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast