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- How to stay poor guaranteed
How to stay poor guaranteed
Timo Nikolai
March 24, 2024
*opens Youtube
“I earn $1,753/day with this SIMPLE business model”
“How I Earn $6,500/Month In Passive Income”
“10 Ways to Make $1 Million if You're BROKE”
“You Won't Believe How Easy It Is to Make Your FIRST Million!”
*sigh
*watches all of these videos
*gets excited about all of these business models
*starts 5 businesses
*wonders why it doesn’t work out
*opens YouTube
and the loop starts all over again.
How to stay poor guaranteed
Watch “Getting rich” YouTube gurus 24/7
Start 5 businesses at once
Never giving it your all
Put 10% of your energy into each business
Quit and say “this business model doesn’t work”
Go back to watching YouTube
Why do I know this? Because I’ve been there.
Searching for the best business model.
It’s an endless search.
There is actually a term for this called
Shiny Object Syndrome
Watch this video by Leila Hormozi to learn more about it.
Harsh truth: Every business model works.
Yes selling ice cream works.
Yes dropshipping works.
Yes software works.
What matters is: STICKING to 1 business long enough in order to master it.
Watching ‘“How to make money” content on YouTube is mental masturbation.
It feels good, but in reality you don’t do anything.
How to get rich guaranteed
Stick to 1 thing long enough.
This is the only way to create: Compound Interest
“All returns in life come from compound interest”
Actionable advice
Catching yourself with Shiny Object Syndrome?
Think of Warren Buffett.
The most successful investor of all time.
99% of his wealth came after the age of 56.
Today he is worth $134 billion dollars.
Wealth creation is NEVER linear.
You will make more money 1 year in than you made in your entire life combined.
If you stick to it long enough.
Imagine Warren Buffett stopped at 30 years old.
And would have started a new business.
Do you get it?
