While recovering from a construction site injury in 2007, John Rampton used the time constrained to his bed to learn about online marketing. Rampton learned what it takes to sell products online, and since then he has purchased, started, grown and sold several companies online, with his “latest company quadrupling a seven-figure revenue stream in six months.” Now, he is the founder and CEO of Calendar.
Rampton runs multiple businesses, serves as a connector and networker, mentors, volunteers, invests in other great ideas, speaks at events, writes books and articles, and travels the world with his wife and daughter. None of this would have happened if he hadn’t learned how to be good with money first.
Click to find out the best ways he built his wealth.
What is your money mantra?
Save more. Spend less. Work lean. Play on budget.
Before achieving financial success, what was your biggest obstacle? How did you overcome it?
My biggest obstacle was finding the right solution for my target audience that would generate a sustainable income. I overcame it by developing a startup, listening to my customers and then launching two platform businesses that alleviated their pain points.
What advice would you give your younger self about money?
Don’t waste your time on expensive cars or any other gadgets. It’s better to save money for the long-term and for things like startup ideas that can keep generating money, rather than taking my money.
What is the best piece of advice you received along your financial journey?
The best piece of advice I’ve received is to save like my life depended on it. It turned out to be great advice because when I had a misstep with one business venture, I had that money there to fall back on. Otherwise, I would have been in deep financial trouble.
What is the best thing you did to boost your net worth?
I have learned to live frugally, even now having a young daughter I would love to spoil.
What tips and tricks have helped you to build your own net worth?
Cut back on anything frivolous, and build out experiences for myself and family by tying them into business trips and conferences. This has helped offset what I would have spent from my income. Also, I rely heavily on freelancers to keep talent costs down.
How do you define financial security, and how has it contributed to a fulfilling, meaningful life for you and your family?
Financial security means being able to provide everything my family needs for their health and happiness, as well as understanding that money is a tool that must be used carefully. It is not the source of happiness.
Click to read more about the Best Money Experts.