This book totally changed my mindset about money
This is one of my biggest life-changing books about money.
I read this book called “The Millionaire Fastline” and this was a very interesting book. In this article, I’m going to write about what I learned from this book.
Save, Save, Save and invest is not the best way to become a millionaire
Once you have read a book about money like Rich Dad, Poor Dad.
They inform you of the standard sentence.
Keep investing in the S&P 500 and save the majority of your cash.
However, allow me to elaborate on this unfavorable reality.
If you invest $ 10,000 in the S&P 500 index, it will take you 40 years to reach a million dollars. Can we hold off on becoming a millionaire for 40 years?
My response is no.
I’m just 20 years old, yet I see a lot of individuals that become millionaires at an early age. I make the decision to ignore this saving culture. It isn’t worth it.
What should we do?
Begin your business. This solution is straightforward, yet it might be challenging for some people. They overthink or say they don’t have time, etc. I recognize you because I used to be one of you.
But all I can suggest is just do it. You may fail, but you will learn a lot from your errors. Everyone is a beginner. It’s similar to sports.
You need to recognize the self-help books industry
Was Robert Kawasaki, the author of “Rich Dad Poor Dad,” already a billionaire when he published this book?
We must acknowledge that becoming an author is one of the many ways to generate money, and the potential is enormous.
I’m not arguing that reading books is a waste of time. I only wanted to mention that this is one of the industries.
The self-help industry is worth more than $14 billion.
Does this seem ridiculous? There are more than 30 million businesses in the United States. You can’t just squander your time reading books and pretending to be a hero.
How to escape the self-help dopamine loop?
My best solution is to start making a business. If you don’t have any idea, start helping people. Or just mimic other businesses. These are the business lists I’m making.
Dropshipping
Blog
I learn a lot of skills through these 2 business.
Copywriting
Graphic Design
Simple code
You are not going to be happy if you keep sacrificing your time.
The issue with the Saving culture is that you must deal with the stress of your job. Can we afford to keep doing the same thing for the next 40 years? My answer is no. Particularly in Japan. Freedom is the most crucial thing in my life. I know that money is merely a tool for achieving freedom.
How can we make a money machine?
Make products, help people and sell them. This is the essence of business. There are tons of products that you can sell it online.
These are my product list.
Medium Blog post
Affiliate Blog post
Dropshipping store
We have 30 million businesses in the USA. You can’t say I have no products to sell. Figure out your product so that you can solve people.
You need to search the oil to become wealthy.
People with the right to use oils were the wealthiest 50 years ago.
Yes, I’m referring to the oil used in automobiles.
However, the largest company in the world now are technology companies.
Attention replaces the oils.
Tiktok, Youtube, and other social are all vying for your attention. I’m using this source when I started my first hidden dropshipping shop I launched last week. Pinterest, Instagram, and Tiktok are all platforms I utilize.
Kylie Jenner, Mr. Beast is using this new energy. They are using Tiktok, Instagram, and Youtube to build this empire. They build their audience worldwide and use it for their business.
How to search the new oil?
There are 3 mindsets that I learn from the millionaire.
Learn how to use the new technology.
Build it in the long term
Do it quickly
What are the features of becoming rich?
These are the features I learn that the millionaire has.
Long-term mindset
Building up your own brand
Helping people
Useful Skillsets
What you can do if you have nothing?
Find some business videos and strive to perform 10% better.
There’s a lot of stuff you can confront if you’re young like me.
But don’t forget about the talent you can master right now.
The power of Googling.
Your parents will never teach you about business. You need to search for yourself and do it immediately.
This is the recipe I found to make money fast.
Make money from zero ⏩Invest the money into the new business⏩Scale up your business.
If you are poor, don’t invest money in S&P 500. You are just wasting money.
To invest in digital skills, you must commit to either money or time. When you start making money from your business, that’s when you should start investing in the S&P 500.
I’m in phase 2. Which phase are you in?
To summarize
This book has drastically altered my perspective on money. I believe it is critical to identify your bias. It includes everything. Your friendship, your connection with your girlfriend/boyfriend, and your relationship with your family. It is quite significant.
However, making your brand helps you to lead the freedom and become wealthy.
Thank you for reading and see you to the next article.
See ya!
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