Unpopular Money Opinions
There are some commonly accepted money mindsets that this platform exists to challenge so you can shift to a more powerful position in your own life. Starting with this…
The whole reason you work is to get money, right?
No.Getting money is part of a bigger reason: Being able to live the life that you want; which means taking care of the things and people you want, and to do the things that you want to do.
This is a BIG DEAL: The reason you work is to take care of the things and people you want to take care of, and to do the things that you want to do.
Why is this important? Because if your goal is to make money, but how you make that money is interfering with the things that you want to do with that money, then that's a problem. It’s a work-life balance problem. And that kind of problem makes people disgruntled at work, suddenly quit, and have all kinds of unpredictable behavior even though they've got a "good job."
You must work 20-30 years to retire.
Nope.It's something that everyone has accepted as mandatory. Granted, with the structure that's been handed to us from the industrial world, it is likely necessary.
But this truth is very clear: EVERYBODY wants to retire! And if they could retire sooner, then they would! But this assumption that you must work 20-30 years is so ingrained that the idea of retiring sooner is met with dismissiveness, assumptions of laziness, and classified as fantasy, and MAYBE only possible for those "lucky" enough to win the lotto or inherit money.
But retiring sooner is possible once you know WHAT RETIREMENT IS and WHAT YOU REALLY NEED to retire.
What is retirement anyway?
It's not about finally relaxing. It's about CONTROLLING YOUR TIME, and investing it into the activities that have the most value to you, whatever they are. The truth is that life is not made to emphasize relaxing. If all you do is relax and rest, you get bored because you're no longer living. Retirement then is about doing the things you want, even if it's (surprise!) working, but now doing it on terms that you set, prioritizing it properly among the many other things that you value. Retirement is time freedom.
The myth that you need a lot of money exists because the only means of retirement we've been given is using a 401(k), which is reasonably expected to generate 5-10% returns annually. So, creating a retirement income that matches a $50,000/year salary means building $500,000 to $1 million in your account!
Let's put this another way: To maintain a "decent" income of $50k in retirement, you might need to be a millionaire! That is the reality of the retirement structure we've been given.
But let's explore that deeper.
A 401(k) account (or a pension) both represent SOMETHING THAT IS MAKING MONEY FOR YOU WHILE YOU ARE NOT WORKING. That's it. The 401(k) is a set of investment that generates interest. A pension is paid to you by an organization that is continuing to make money without you, paid to you as a reward for your 20-30 years of employment.
The only thing that you need to retire is something that is making money for you while you are not working. Once you understand that, once you ACCEPT that, you’ll realize that it's not about the 20-30 years. It's about creating the things that will work for you. These are your ASSETS.
But retiring sooner is possible once you know WHAT RETIREMENT IS and WHAT YOU REALLY NEED to retire.
What is retirement anyway?
Isn’t retirement when you sit back, kick your feet up and finally rest?
Nope.It's not about finally relaxing. It's about CONTROLLING YOUR TIME, and investing it into the activities that have the most value to you, whatever they are. The truth is that life is not made to emphasize relaxing. If all you do is relax and rest, you get bored because you're no longer living. Retirement then is about doing the things you want, even if it's (surprise!) working, but now doing it on terms that you set, prioritizing it properly among the many other things that you value. Retirement is time freedom.
Ok great. But don't you need a massive amount of money in a 401(k) to retire comfortably?
Nope.The myth that you need a lot of money exists because the only means of retirement we've been given is using a 401(k), which is reasonably expected to generate 5-10% returns annually. So, creating a retirement income that matches a $50,000/year salary means building $500,000 to $1 million in your account!
Let's put this another way: To maintain a "decent" income of $50k in retirement, you might need to be a millionaire! That is the reality of the retirement structure we've been given.
But let's explore that deeper.
A 401(k) account (or a pension) both represent SOMETHING THAT IS MAKING MONEY FOR YOU WHILE YOU ARE NOT WORKING. That's it. The 401(k) is a set of investment that generates interest. A pension is paid to you by an organization that is continuing to make money without you, paid to you as a reward for your 20-30 years of employment.
The only thing that you need to retire is something that is making money for you while you are not working. Once you understand that, once you ACCEPT that, you’ll realize that it's not about the 20-30 years. It's about creating the things that will work for you. These are your ASSETS.
And asset #1 is a business.
That is an outdated idea. There are many things you can do to make money that don't require a big loan, or a brick-and-mortar building, or even a massive overhead of time!
The reality is that a new way of working, a solopreneur, eliminates all of the overhead, and replaces it with tools that automate sales while you enjoy connecting with others in a space you’re passionate about. Everything you need to make that happen is available RIGHT NOW, and will be described in our short e-book that walks you through the essential steps for creating a system that makes money for you while you sleep.
This is again connected to the old mindset of what a business is. When you use a large loan to start the business, you have to pay back the loan before your profits are 100% profit. So, if you have a business model that doesn't start with hundreds of thousands of dollars of debt, but instead just hundreds of dollars invested up front, you can realistically be profitable in less than a month. This aspect of business is no longer a hard truth.
[Just to inject here, the "hundreds of dollars" investment is really just for those that think everything is too good to be true. A real $0 investment money making plan will be given to you in the free ebook. Subscribe to the blog to be notified as soon as it's available.]
This was difficult for me to move past, but this too is a myth. Getting past it takes understanding 2 things.
#1) Understand the new business model. What are you actually trying to create and what is required to create it?
#2) How to take the larger idea, and the larger project that needs to be done and break it down into the smaller actions that need to be done in order to build your business, to build your assets.
If you can get that understanding, of something that is in fact manageable, and how to break it into small enough pieces that you can do it around your life as it is right now, you'll realize that the same space that your using to read this, the same space that you use to relax, that you use to keep up with your show, keep up with the news, any space that your using to get information or do a little something for yourself is space to effectively create a system that is making money for you. You can create a new type of business that you now understand, taking time in small pieces which you now know how to do, to create an asset that will lead you to that early retirement, that will make money for you in that same way that a 401(k) could, that a pension could, except that you'll have it without investing 20-30 years of your life. You'll shift what's possible for you, and what you might actually want to align yourself with.
You can build your money making system while taking advantage of all of the traditional means of earning money and any other money strategy you already have!
All of these myths we've addressed, and all of these ideas that will shift you to a new way of thinking don't require you to throw out everything you've been given. Alongside the pursuit of career, job opportunity, promotion, and long-term money-strategy, in the spaces that are given to entertainment, keeping up with current events, or even a side job or side hustle, time can be invested into creating something that moves you out of exchanging time for dollars.
And that's the value.
100%
If you are taking this to heart, understand that you could keep doing what you're doing and take a new journey to not only shift your mind, but shift your reality, so that now instead of ONLY doing the traditional route (getting the 401(k), advancing your career) you are also building something that's more stable(I smell another myth) because it's fully in your control: it's your skills, it's your value, it's your ideas that's unique to you that you are giving to the marketplace.
Speaking of stability…
But making a business successful enough to let you retire requires A LOT of work, so it's nearly impossible to do without quitting your job to go all-in.
Nope.That is an outdated idea. There are many things you can do to make money that don't require a big loan, or a brick-and-mortar building, or even a massive overhead of time!
The reality is that a new way of working, a solopreneur, eliminates all of the overhead, and replaces it with tools that automate sales while you enjoy connecting with others in a space you’re passionate about. Everything you need to make that happen is available RIGHT NOW, and will be described in our short e-book that walks you through the essential steps for creating a system that makes money for you while you sleep.
Even if you create a business, you have to wait 5-10 years for your business to be profitable, and for you to step away from your business and enjoy the time freedom benefits of having it.
Nope.This is again connected to the old mindset of what a business is. When you use a large loan to start the business, you have to pay back the loan before your profits are 100% profit. So, if you have a business model that doesn't start with hundreds of thousands of dollars of debt, but instead just hundreds of dollars invested up front, you can realistically be profitable in less than a month. This aspect of business is no longer a hard truth.
[Just to inject here, the "hundreds of dollars" investment is really just for those that think everything is too good to be true. A real $0 investment money making plan will be given to you in the free ebook. Subscribe to the blog to be notified as soon as it's available.]
"I don't have time for myself, so there's no way I have time for a business."
This was difficult for me to move past, but this too is a myth. Getting past it takes understanding 2 things.
#1) Understand the new business model. What are you actually trying to create and what is required to create it?
#2) How to take the larger idea, and the larger project that needs to be done and break it down into the smaller actions that need to be done in order to build your business, to build your assets.
If you can get that understanding, of something that is in fact manageable, and how to break it into small enough pieces that you can do it around your life as it is right now, you'll realize that the same space that your using to read this, the same space that you use to relax, that you use to keep up with your show, keep up with the news, any space that your using to get information or do a little something for yourself is space to effectively create a system that is making money for you. You can create a new type of business that you now understand, taking time in small pieces which you now know how to do, to create an asset that will lead you to that early retirement, that will make money for you in that same way that a 401(k) could, that a pension could, except that you'll have it without investing 20-30 years of your life. You'll shift what's possible for you, and what you might actually want to align yourself with.
HERE’S THE MOST VALUABLE AND POWERFUL THING ABOUT ALL OF THIS:
You can build your money making system while taking advantage of all of the traditional means of earning money and any other money strategy you already have!
All of these myths we've addressed, and all of these ideas that will shift you to a new way of thinking don't require you to throw out everything you've been given. Alongside the pursuit of career, job opportunity, promotion, and long-term money-strategy, in the spaces that are given to entertainment, keeping up with current events, or even a side job or side hustle, time can be invested into creating something that moves you out of exchanging time for dollars.
And that's the value.
100%
If you are taking this to heart, understand that you could keep doing what you're doing and take a new journey to not only shift your mind, but shift your reality, so that now instead of ONLY doing the traditional route (getting the 401(k), advancing your career) you are also building something that's more stable(I smell another myth) because it's fully in your control: it's your skills, it's your value, it's your ideas that's unique to you that you are giving to the marketplace.
Speaking of stability…
It's believed that job security is the way to have financial stability.
Nope.Job security is a shadow of financial stability. Your job security in many places is dictated by At-Will laws. If you don't already know, this means that just as you have the right to quit, your employer has the right to fire you. Furthermore, no matter how big the business is, it can go under. Even large banks. The stability of an organization is not guaranteed.
True financial stability and security come from knowledge and skills that you feel confident about exchanging for money at any given time.
True financial stability and security come from knowledge and skills that you feel confident about exchanging for money at any given time.
Even if it's something such as working in a fast food restaurant. If the restaurant is paying you well and you're comfortable, that's great, but your security is being effective at your job. If you're a darn good fry cook and you're awesome with the customers, then that represents food preparation knowledge, multitasking ability, and great customer service; those are skills you can take to other restaurants and other industries, including retail, sales etc.
It's the skills that are the security. Not your company. Not your job. Because your skills are the value. Which speaks to the biggest myth of all:
You need to provide value.
Your labor is one type of value.
So is your knowledge…
…and your ability to organize and lead.
…and your ability to inspire and encourage.
…and your ability to create.
And all of those can be exchanged for money...when you know how to do it.
1. Be on the lookout (waiting list coming soon) for our free ebook we put together that gives you clear actions you can start immediately, without spending any money. We call it your Passive Income MVP. Subscribe to the blog to be one of the first to know when it's ready. Read it and decide if it makes sense. If it does, then take that first step, and don’t stop.
2. Get our #1 recommended course that will walk you step-by-step through creating a system with multiple streams of income, expanding on the steps found in the ebook. This is the very course from which we learned online business, so we are 100% confident that the small investment in yourself will be the best money you will ever spend.
Whatever you do, keep coming back, keep learning, always pursue growth. There are many great and helpful platforms out there, and we aim to be one that benefits you.
Thank you for reading!
It's the skills that are the security. Not your company. Not your job. Because your skills are the value. Which speaks to the biggest myth of all:
I need to work to get money
Nope.You need to provide value.
Your labor is one type of value.
So is your knowledge…
…and your ability to organize and lead.
…and your ability to inspire and encourage.
…and your ability to create.
And all of those can be exchanged for money...when you know how to do it.
So Then, What Do I Do?
Decide to do money differently and learn how to take action. Here are 2 suggestions.1. Be on the lookout (waiting list coming soon) for our free ebook we put together that gives you clear actions you can start immediately, without spending any money. We call it your Passive Income MVP. Subscribe to the blog to be one of the first to know when it's ready. Read it and decide if it makes sense. If it does, then take that first step, and don’t stop.
2. Get our #1 recommended course that will walk you step-by-step through creating a system with multiple streams of income, expanding on the steps found in the ebook. This is the very course from which we learned online business, so we are 100% confident that the small investment in yourself will be the best money you will ever spend.
Whatever you do, keep coming back, keep learning, always pursue growth. There are many great and helpful platforms out there, and we aim to be one that benefits you.
Thank you for reading!
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