Taxation office is after me.
Hey Chimps,
Have you ever heard of something called "The Million Dollar Tax"
My guess is probably not.
And no you don't have to be a millionaire to know about this.
Here is what it means...
Every year you pay a million dollar tax for not knowing how to make a million dollars.
That's it.
While this saying may seem harmless at first...
But it really is more pernicious when you realise this one thing.
Every human being on this planet has the same 24 hours. No matter who you are or where you're from... This will apply to you.
You are not an exception to the laws of the universe.
So if everyone has the same number of hours everyday.... Why is it that some people end up amassing a massive fortune while others spend every waking hour of their day working for pennies until they grow old and weak and die.
What exactly is the great separator?
Leverage!
For you to be able to make FUCK YOU MONEY, you need leverage.
Leverage is a force multiplier.
You need to know how to create leverage in the market... and you do by creating something that sits in the market place and appreciates with time.
This way you don't really have to work hourly to make ends meet.
You do this by building infrastructure such as a business, A piece of code (Software as a service/app), Real Estate, etc...
And then you sit back and reap the benefits of creating genuine and massive value in the market that solves people's problems.
Bonus points if you solve a starving markets problems because you'll get paid the big bucks for it.
To become rich, you either solve a small problem for a lot of people or you solve a big problem for a small number of people.
Although I would recommend solving a big problem for a small amount of people.
In essence, the best way to get rich is to solve rich people's problems because they do not mind paying the big bucks if you're helping solve a big problem in their life.
You might not know this, but in business, customers can be a pain in the ass sometimes. So the more the number of customers, higher the likelihood of some of them causing a massive headache for you.
Instead if you small number of relatively wealthy individuals who can not only afford whatever you're offering but also cause you less trouble because they just don't give enough fucks to bother you everyday once you've done the job.
For example, let's say you create a to-do list app so that you can solve a small problem for a lot of people and you charge $10/month for it.
How many customers do you need to hit a $10,000/month?
-1,000!
First, you need to be good at marketing and know about
- Landing Pages
- Ads
- Emails
- Yt scripts
- Many many more that I just can't be bothered to write about
After that you need to deal with the unhappy customers. These are usually people that don't have a lot of money and have all the time in the world to argue about the tiniest of irrelevant details.
Instead, If you just focus on let's say a micro niche for doctors (rich demograph) and solve a problem that will save them time or money or both...
You can charge a $200 for it.
Now how many customers do you need?
-50
Lets say you're solving an even bigger problem, but for surgeons...
And you charge a $1000 for it.
how many customers do you need?
-10
You see how high you can go with this.
Now even though the math is simple, solving problems is quite hard.
But then again, so is clocking in on a 9-5 for the rest of your life begin told what to do by pencil necks.
You don't get to escape hard, you just get to choose one.
There's unlimited business models that you can choose and all you need to do is to do a little bit of research before on the internet.
(Note for dumbasses: Obviously use your critical thinking skills and beware of the scammers)
If you have no money or low capital to invest then you most definitely have to choose a skill based service that you can provide.
(My Advice: Go with High ticket Sales because you can stack cash really fast as long as you do a good job. There is a caveat though, if you're not extroverted, you don't wanna put in long hours and you don't wanna hop on calls everyday, then don't do it because since its a commission based work you get paid for the results you produce.)
Up to you to decide what to do.
Anyways, my ramble about internet money has hit the limit for a weekly blog so I'll dip out.
If there's enough demand for this topic, I'll write more about this in the future.
Bye bye
