One of the best ways to get more money is to execute on the low hanging fruit that’s already there. Duh, right? But as I look back at the past couple years learning about business and stuff, I noticed that there was a lot of easy opportunities that I didn’t take advantage of. Why? The opportunity was there, its was easy, but something held me back.
Sebastian wrote in this post that "By far, the #1 thing for a knack for getting money is not having hangups about getting money.”
I think this statement is revealed when we look at leverage. Its like this: when we don’t go to a top school like Harvard we think to ourselves “Of course those guys are succeeding, they have Harvard connections. I don’t have a Harvard connection” but at the same time, if we actually went to school at Harvard we might think “I don’t want to utilize my Harvard connections to get a high paying job, that’s cheating, it would be too easy”. Or, as another example, our parents introduce us to one of their wealthy friends, we don’t want to follow up because “I don’t want things given to me by my parents”.
But you should leverage those things. As I was thinking this, it reminded me of a blog post Jason Shen wrote a while back. He wrote:
These strengths are your competitive advantage. Should you ignore them in the name of “fairness” and only pursue activities where you are more evenly matched against other people? It’d be foolhardy to ignore these advantages.
It is your right to take advantage of the easy stuff. In fairness, you probably made the effort to get these opportunities through past decisions and upstream effects.
A couple of different perspectives --
The first would be training at this repeatedly. It's ok to not seize opportunities every time; getting good at identifying them and taking them more often and smoother over time helps. As long as you're improving and working at it, it's okay.
Second perspective -- if you wanted to improve at this rapidly, change your environment / peer group to be around people where this is normal and expected.
Edit: I gave up on financial goals in late 2011 after some huge financial and artistic wins... money shouldn't be taken too seriously. For the record, they were all basically on track, some were being massively exceeded, others were a bit behind schedule, but were all happening.
I set my next 10 years of financial goals on June 28th. That was exactly a month ago.
1 year - Critical Thinking [my first book] out. Blog income trickling. Some info products. Some freelancing. Something else, some X-Factor thing bringing in cash. Net monthly income positive. Health insurance. $50,000 in the bank. Expenses = income per month minimum.
3 years - 3 to 5 books out, many products out, blog income robust, some working on big exciting deals. $10,000 per month total, $5000 passive at least. First property owned. $300,000 in the bank.
5 years - 7-10 books out, many many products out, many passive income internet properties, working on big exciting things, $50,000 per month total, $40,000 passive at least. $1,000,000 in the bank.
I recently had the incredible pleasure of speaking with John Bardos from Jet Set Citizen for GiveGetWin
Here's a snapshot of what you'll get from this interview:
John traveled then ended up living in Japan for 13 years. He started a school business then sold everything and left. He spent the last 4 years location independent rotating Thailand, Japan, Hungary, and Europe.
Enjoy this interview. Then check out his deal, One Year to an Excellent Life, on how to transform your life and build the life you want in one year. (Hurry, cause there are only 5 spots)