Get Rich Quick. Not!

Hey you!

We added so many new subscribers to the newsletter in the last couple of days and I’m so glad to have you here.

Let’s start by addressing the title of this newsletter. I know you think I kept the title because it seems catchy and clickbait-y. While there’s definitely some merit in that line of thinking, there’s more to it.

We all want to get rich quick, right? Right? Don’t we? If you don’t, hey there Jeff Bezos. 🙋🏻‍♂️

Well, jokes aside. I read a very interesting book over the last weekend, The Millionaire Fastlane (check out the book on Amazon here). And I really liked the central idea of the book. It points out what’s wrong with the old way- get a degree, get a job, work hard, retire rich model, defines wealth in a new way, and shows you the path to retiring young.

Here are top 3 things that I took away from from the book:

1. Wealth stands for 3 things, but none of them is money. Health, relationships, and freedom are what truly matters.

2. At some point, you must make your income independent of your time.

3. Think like a producer, not like a consumer.

Points 1 & 2 are pretty self-explanatory, so I won’t go into more detail. But Point 3 is very interesting and it struck a chord with me. Let’s delve into it then.

Stop consuming, and start creating.

We’re all conditioned to consume from an early age. We watch ads on TV, buy toys, buy food, buy clothes. It’s no different with information – we’re bombarded with tweets, images, articles and podcasts.

But when you spend all your time consuming, when are you going to start creating?

So stop throwing money at another pair of shoes or skincare product, and instead, switch into producer mode.

Look at the packaging.

How does it feel? What does it do to make you want to buy it? Which words are they using in the ad?

See behind the consumption to find out about the creative process of the people who sell what you usually buy.

Could you sell that product? Where do they produce? Can you find out how much profit they make?

Similar with good articles or podcasts. Think about the structure, how does it help you? What makes a great blog a great blog?

Take off your consumer glasses and be open and curious about the world of producing and you’ll be well prepared to start your own business.

That’s it for today. See you next week with more amazing things that will make you wiser.

Until then...

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