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- From $0 to $100 Million Before 30
From $0 to $100 Million Before 30
You NEED this Advice
Millionaire Syrup
March 26, 2024
|
From $0 to $100 Million Before 30
You NEED this Advice
How To Get Mentors
Building a network of mentors and advisors can be tricky, but it's super valuable. Here's a framework that might help:
1. Be genuine and give first: Instead of asking someone to be your mentor right off the bat, focus on building a genuine relationship. Offer your help or support without expecting anything in return. Show that you genuinely care about their success.
2. Seek out like-minded individuals: Look for people who share similar interests, values, or goals. Attend networking events, join online communities, or reach out to people you admire. Surround yourself with individuals who inspire and motivate you.
3. Be open and vulnerable: Don't be afraid to share your challenges and struggles. Being vulnerable creates a deeper connection and shows that you trust and value their input.
4. Offer value and show appreciation: Find ways to contribute to their success. Share valuable resources, offer your skills or expertise, or provide support in any way you can. Show genuine appreciation for their guidance and advice.
5. Nurture the relationship: Stay in touch, update them on your progress, and continue to seek their guidance. Show that you're committed to the relationship and willing to learn and grow.
Where To Put The Money
Warren Buffett talked about investing during an inflationary period. He mentioned two strategies: increasing your earning power and investing in businesses with low capital expenses.
When it comes to investing, focus on internet businesses, especially those in e-learning. These businesses have no inventory, no rent, and no supply chain issues. The costs are mostly variable, which means they can be adjusted based on revenue. This flexibility is a big advantage compared to traditional businesses with fixed costs like leases or machinery.
Having advisors who specialize in stocks, NFTs, and Bitcoin to diversify investments could also be beneficial.
The Not Give A Shit Muscle
Most things won't matter eventually, and people will forget about you after a few weeks. So why stress about what others think? As long as you're comfortable, it doesn’t matter what anyone thinks. It's all about finding that balance between functionality and personal comfort.
How To Make The First Million
When it comes to letting someone know about what you have to sell, there are two main ways to communicate: privately and publicly. Privately, you can talk to someone face to face, email them, text them, or call them. Publicly, you can make posts or create content. These are all ways to make your offer known to others.
If you don't have people to sell to, you need to advertise. Advertising is simply making your offer known, and you can do it through paid or free advertising. The key is to present an offer that is so good that people can't resist saying yes. And if you're not sure what to sell, you can always sell your time, which has no inventory, doesn't go bad, and can continuously increase in value as you get better.
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