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✏️ ON MY MIND
10 Years of Money Wisdom in Under 5 Mins
Ever met someone who just seems to have this money thing figured out?
It’s not about the big bucks or their indulgences but the habits that made them what they are.
Inspired by Shaan Puri’s enlightening video “10 Years of Money Wisdom in Under 28 Minutes” (link below), here are three money shifts to consider:
Money shift #1: Find What Feels Like Play to You but Looks Like Work to Others
Your unique edge in the financial world might be something you love. It’s about leveraging what feels natural to you.
Shaan talks about his friend, who’s all about reading research papers. For most, it’s a yawn-fest, but for his friend? Pure joy. And guess what? That’s his edge in the financial game.
Another example is Marie Kondo – she’s had great financial success with her love for folding clothes a certain way and organising spaces!
“When it feels like play, you’ll do it a lot, not just nine to five. You’ll do it from five to nine, too. You’ll just do it all the time. Any available moment you have, your brain will go in that direction because it’s something you enjoy doing so much. And because you enjoy doing it, you’ll keep doing it. You can do it for a long period of time, even if you’re not getting immediate results.
There are many things that we will do if we get immediate results. It’s the things you’re willing to do even without immediate results that lead to these big wins in the end.
And you know what they call the guy who practices all the time and never gives up? Somebody who does it all the time and can do it for a long period of time – the best. That’s what they call the guy. They call him the best. And the best always gets paid in any field.”
Money shift #2: Go from being far away from money to hanging out with money
Surround yourself with individuals who either possess what you desire or are as dedicated as you are in pursuing it. Proximity to these individuals can lead to opportunities and growth.
The following are three ways that Shaan recommends for aligning with wealthy minds.
1/ Surround Yourself with Like-minded Peers
Find individuals who share your dream. Move to be near them (or find them online and get on regular chats/calls with them).
Do you know five people who have the same dream as you and are taking it as seriously or more seriously than you?
Engage in group chats, weekly dinners, or even co-living arrangements.
Do whatever it takes.
“If you want to be a tech entrepreneur, you should probably be in San Francisco. If you want to be in the entertainment business, you should probably be in LA.”
2/ Seek Out Mentors
Instead of asking for mentorship, ask specific questions.
ASK, “I need to decide between A and B. How would you approach this?”
Then, ACT on their advice
Then, FOLLOW UP and provide feedback on how it went.
“By seeking specific advice, acting on it, and updating them, you naturally build a mentor-mentee relationship without formally requesting it.”
3/ Refine Your Information Diet
Consume content that aligns with your goals.
Ask successful individuals about their preferred content sources – be it podcasts, books, or YouTube channels.
Direct interactions aren’t always necessary for impactful learning.
“Some of my most influential teachers are individuals I’ve never met in person but have learned from through digital platforms.”
Photo by Alexander Grey on Unsplash
Money shift #3: Intensity is the Strategy
“Intensity is the strategy. Winners don’t usually have a better strategy. They do the obvious things with more intensity than you do.”
Shaan emphasises the unparalleled power of intensity in achieving success.
He argues that while many seek a magical strategy or formula, the sheer force and fervour with which one approaches a task often determines the outcome.
He shared the story of Taylor Offer, who identified an opportunity and moved across the country and into the same building as top Vine and YouTube influencers. His goal was to befriend them and collaborate with them. This bold move eventually led to a millions of dollars in merch sales.
This idea of intensity reminds me of one of my fave quote:
“I fear not the man who has practised 10,000 kicks once, but I fear the man who has practised one kick 10,000 times.“
Now it’s YOUR turn:
Reflect on your financial journey so far:
What’s something fun that you enjoy doing that others would consider work?
Who are your mentors who have achieved the level of wealth and impact that you’re shooting for?
Are you ready to intensify your approach?
For a deeper dive into these insights, check out Shaan Puri’s video:
(This newsletter was drafted with the help of GPT-4 and edited by yours truly.)
🔨🧰 MARKETING TIP
How to Overcome the Fear of doing video content
Looking to conquer your fear of creating video content?
As you’re no doubt aware, video content is a powerful tool for businesses and individuals to connect and engage with their audience.
However, the fear of being on camera can be daunting for many. I know, I’ve avoided doing video for over a year!
Now I’m changing that. I don’t want to hide anymore.
So I’m starting by sharing one tip that I’ve learned about overcoming the fear of sucking on video.
Are you making video content – why or why not?
#justdoit (and send me the link if & when you do it so I can give you a virtual hi-five!)
👍 3 THINGS THAT CAUGHT MY ATTENTION
1/ Read (& watch): Why the Worst Search Marketers Start Content Strategy with “SEO Keywords” — 5-Minute Whiteboard
I’m worried. Worried that thousands of agencies, in-house practitioners, and even marketing leaders who should know better are STILL prioritizing their content efforts based primarily or entirely on keywords for search.
Rand Fishkin, Sparktoro
2/ Watch: 75 Hard Challenge That Can Help Your Business
How can a crazy physical challenge help your business? Taki Moore explains this in this short video.
3/ Watch: What Maldives Luxury Resorts Don’t Want You to Know
This video inspired me to go to the Maldives one day with my wife.
I had taken it off my travel list because I’d heard about the “expensive” reputation from friends and other youtube videos that are promoting the luxury resorts.
Fascinating to hear about what’s actually going on and that you don’t have to pay $500 per night to enjoy the islands (unless you really want to).
💸 WEALTH BUILDING TIP
How long it really takes to get to 7-figures+
On one of my morning beach walks, I listened to this podcast episode from money mindset mentor Denise Duffield-Thomas.
Here’s the description of the episode from Denise:
Have a listen:
Want to learn to leverage your strengths and make more money based on your Money profile? Take Denise’s free Money Archetypes Quiz here.
🐦 COOL SOCIALS THIS WEEK
Some of the best marketing I’ve seen to date.
— George Siosi Samuels (@GeorgeSiosi)
Sep 1, 2023
Instagram post by @successtheory.co
Before I was a podcast host, I led sales for my startup. We generated over $30M in revenue.
Here are 5 high-impact conversation techniques to connect with prospects and close more deals.
(Plus audio examples of techniques in action) 👇
— Andrew Warner (@AndrewWarner)
Oct 19, 2021
🔧 TOOL OF THE WEEK
Are you ready to boost your productivity and advance your business? Don’t miss out on this limited-time offer to access awesome Notion resources at an incredible value.
This bundle is valued at over US$350 and includes a range of Notion templates, courses, and resources designed to revolutionize the way you work. Plus, you’ll also enjoy significant discounts on essential Notion tools.
But hurry, this exclusive offer is only available until September 6!
🤔 PARTING THOUGHTS
After sitting on my Dare to Escape book project for almost eight years (I mentioned this in a previous newsletter), I’ve begun the process of refreshing my 30,000-word draft!
Book Chapters outline in Notion
If you’d like to be a part of the journey and help me finally bring the book to life, click here.
Wishing you a beautiful weekend.
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