Saturday Success: laziness, 2 step wealth & how to solve problems
Making life & money work for you.
Welcome back to the Saturday Success Series email!
This week we have:
Master Yourself: Laziness will help you master your life
Master Your Money: How to grow your wealth in 2 steps
The Weekly Special: 6 Steps to Eliminate Almost Every Problem in Your Life
The goal here is maximum value, so let’s get to it.
Interested in real estate and venture capital investing but don’t have the cash or knowledge? Use Fundrise to grow your wealth.
Master Yourself
Laziness is a sin.
Procrastination is the devil.
You hate them both.
Except, maybe they’re not so bad.
Time to lean into laziness. Hallelujah, something you thought you’d never hear!
My high school teachers would’ve bet money I’d never get a good paying job.
They would’ve bet their life savings there was no way I was getting up at 6am every morning to work on my side hustles.
They’d have lost it all.
See, in school I was working on what they wanted me to work on. Not things I valued.
So I half-assed it, and pushed it off, and sometimes just flat out didn’t do it.
Was I lazy? Seemed that way.
But, much like all of your inputs, your laziness and procrastination are simply here to tell you something.
There are 2 basic choices:
1: It’s something that doesn’t really need doing.
2: It’s something you don’t like.
Either way, is there a way to do less of it?
Or get rid of it entirely?
Instead of fighting against your laziness, check to see if you you should work on things that matter to you instead.
For the things you procrastinate on but need doing (chores come to mind) get in the habit of getting them done before anything fun. Then reward yourself with what you want to be doing.
Master Your Money
First things first- wealthy is a mindset, not just a financial goal.
Wealthy people appreciate freedom, security & the ability to be generous. They also like to build generational wealth.
Rich people enjoy things. Flashy houses, cars & watches. And they want them now. They also tend to spend most of what they make.
Wealthy people build in terms of decades, not days. You want to be wealthy.
Step One to Wealth: Create a positive cash flow.
Create a cash flow sheet. It’s simple- what comes in, what goes out and how much you invest each month.
If you find yourself in a negative cash flow…you spend more than you earn…fix it immediately. See where you can cut costs.
To increase cash coming in focus on increasing your earning potential. This means skill building, side hustle creation, second jobs, etc.
Step Two to Wealth: Purchase assets with your positive cash flow.
What are assets? Anything that will make you more money over time.
This is stocks, real estate, crypto, etc. The barriers to entry are low. You can open accounts with low to no minimums.
You can purchase fractional shares of stocks. You can purchases pieces of crypto coins. You can even crowdfund real estate (Fundrise).
You’re not too broke to invest. What you will be is always broke if you don’t.
The formula for financial success is simple enough. It’s just hard for most people to follow through.
With money you have to:
Earn it
Keep it
Grow it
Earning- pretty easy. Build some skills and get a job.
Growing- pretty easy. Invest for the long-term.
But keeping? This requires your discipline and mastering your own psychology.
The human mind wants to think in short term goals. Our instincts are based around surviving today. Not planning for retirement in 20 years.
But, you can override this.
It helps when you focus on cash flow & assets at the same time. Cash flow helps you live well today while assets build your tomorrow.
Weekly Special
How to Eliminate Almost All of the Problems in Your Life
The bad news? Ya got problems. And probably lots of them.
The good news? You can eliminate almost all of them. They’re within your control.
When I started my “success journey”, so to speak, I had a big revelation.
I needed to build the Foundation first. You can’t build anything of significance on a shaky or weak base.
The biggest shocker during this foundation building process? My problems started getting trivial. The big ones were gone.
Stop settling.
Too many people accept the bare minimum.
From themselves. From others. From life.
Demand quality. It starts with you. How dare you demand better when you haven’t become better yet.
Start building the foundation of self-improvement today. Great books (and articles!) can help here.
Workout regularly.
Moving is so good for the body and mind. You’re literally made to move. Humans used to move miles per day, every day.
And it helps you sleep. Getting quality sleep is the key to good health.
Create a workout routine you actually enjoy. Mix it up. Most important? Move consistently.
Stick to your purpose and your plan.
You’ve figured out your purpose right? What you’re good at plus what you enjoy doing.
So now you create a plan around it.
For me, it’s writing things that are simple and useful for others to use.
My plan? Publish useful shit very single day.
It’s a simple plan. So it’s not hard to execute.
Live below your means.
Too many people spend as much as they make. Or, gasp, more than they make.
I know. Wages are low and cost of living is high. This isn’t likely to change and it’s still no excuse.
I know too many people who are making average money but still live below their means for me to buy the excuses. Excuses cost too much.
Make more. Get a roommate. Live with your parents. Do whatever you have to until you can do better.
Keep a small, beautiful circle of friends.
Socialization is powerful. Necessary, even. But not all socializing is created equal.
It’s easy to fill your time with people who don’t serve you well.
Friends who drink too much. Friends who gossip too much. Friends who don’t really care about you.
Don’t set yourself up like that. Be very selective about who you allow into your inner circle. Make sure they bring out the best in you.
Build multiple money streams.
Instead of constantly contracting your life, expand it.
Find ways to build money streams using a skill you have.
Example: I like to write. A lot. I make money here on Medium. And I make money writing copy for others. And I make money writing quality emails.
I use the money I make writing to buy assets (stocks, crypto, real estate, etc.) that also pay me. I reinvest that money into additional assets.
It’s a virtuous money circle.
Thanks for reading! If you found this valuable, please share with someone who could use it. See you next Saturday!
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