I’ve been studying finance for 14 years — and I’ll tell you in 2 minutes:
The solution to money problems is to make more money, not save money.
Here's how to do it:
1. Change your psychology you stubborn son of a b*tch
That's the single biggest differentiating factor. If you believe your limiting beliefs, nothing will work.
That's the single biggest differentiating factor. If you believe your limiting beliefs, nothing will work.
The average person has a scarcity mindset
• sees opportunities as scams
• protects what they have
• can't handle uncertainty
• takes zero risks
A wealthy person has an abundance mindset
• takes calculated risks
• chooses hard goals / loves challenges
• sees problems as opportunities to make money
• thinks of a business as a way to help people
• sees opportunities as scams
• protects what they have
• can't handle uncertainty
• takes zero risks
A wealthy person has an abundance mindset
• takes calculated risks
• chooses hard goals / loves challenges
• sees problems as opportunities to make money
• thinks of a business as a way to help people
2. Choose opportunities that don't have lottery-style odds
Customers > Readers
Email List > Books
LinkedIn/X > S*bstack
Sales Emails > Essays
If you can't find more than a handful of winners, it's the lottery.
Customers > Readers
Email List > Books
LinkedIn/X > S*bstack
Sales Emails > Essays
If you can't find more than a handful of winners, it's the lottery.
3. Move from idea to execution 10x faster
• Ideas aren't unique
• Ideas mostly aren't timeless
• Ideas can be mental ma$turbation
Sell the idea to another person. Repeat.
An idea is only a solution to a problem if it helps real people right now.
• Ideas aren't unique
• Ideas mostly aren't timeless
• Ideas can be mental ma$turbation
Sell the idea to another person. Repeat.
An idea is only a solution to a problem if it helps real people right now.
4. Ignore anything that promises passive income or sounds easy
Easy = Lazy
Every avenue to make money is hard. And that's why it ends up being a lot of fun.
Easy = Lazy
Every avenue to make money is hard. And that's why it ends up being a lot of fun.
5. Don't fall for get-rich-quick schemes
-KDP books
-Dropshipping
-Affiliate marketing
-Paid newsletters
-Trading bots
-FX / crypto
Boring businesses will make you much richer.
-KDP books
-Dropshipping
-Affiliate marketing
-Paid newsletters
-Trading bots
-FX / crypto
Boring businesses will make you much richer.
6. Leverage AI instead of thinking it's a scam
• AI-content creation is ethical
• AI automation is better than doing admin
• AI opportunities should replace humans
The barrier to entry is disappearing. In 2 years, you'll be able to create a Hollywood movie, solo.
• AI-content creation is ethical
• AI automation is better than doing admin
• AI opportunities should replace humans
The barrier to entry is disappearing. In 2 years, you'll be able to create a Hollywood movie, solo.
7. Learn from leaders, not gurus.
• Leaders have social proof. They build trust. They have proof-of-work.
• Gurus come out of nowhere and make exaggerated promises.
• Leaders have social proof. They build trust. They have proof-of-work.
• Gurus come out of nowhere and make exaggerated promises.
8. Learn from doing the work more than reading finance/business books.
Reading is mostly procrastination.
Experiment. A/B test. Decide based on data.
Reading is mostly procrastination.
Experiment. A/B test. Decide based on data.
9. Start conversations that lead to an offer
If you're not asking people to buy things, you're never gonna make any money.
Conversations happen via:
• DMs
• Emails
• Zoom calls
If you're not asking people to buy things, you're never gonna make any money.
Conversations happen via:
• DMs
• Emails
• Zoom calls
10. A noble mission means nothing without money
Money is a resource. It helps you do good. It lets you hire people. It pays for exposure.
If you think you don't need money, you're delusional.
Money is a resource. It helps you do good. It lets you hire people. It pays for exposure.
If you think you don't need money, you're delusional.
11. Never rely on outside investors
• Make the money yourself.
• Bootstrap an idea yourself.
• Build an audience of buyers.
Investors invest in traction with a high likelihood of a return, not ideas.
• Make the money yourself.
• Bootstrap an idea yourself.
• Build an audience of buyers.
Investors invest in traction with a high likelihood of a return, not ideas.
Final Thought
Making more money is easy when you cut the cr*p.
There's at least $100K trapped in your head. Think like a business owner to extract it.
Making more money is easy when you cut the cr*p.
There's at least $100K trapped in your head. Think like a business owner to extract it.
Trying to get to $20K/month? I got you.
Looking to get to $100K/month. I got you there too.
Watch → timdenning.com/simple-scaling/
Looking to get to $100K/month. I got you there too.
Watch → timdenning.com/simple-scaling/
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