The ProfitZine. Booklet 1
Round 2: Money Edition!
Money, the basics, round 2:
I hope you have reflected on how money directly correlates to your future, and if you are unhappy with what you foresee…
Let’s change that.
First, you need to figure out how much money your goals imply.
An excellent way to measure it is to decide what kind of life you want to live in your golden years.
Some Crucial Facts:
Money is abundant.
There’s so much money in this world that no one
can pinpoint precisely how much.
Money is depending on value.
The amount of money you make depends on the
value you provide to others. That’s it.
Money can work for you.
Everyone starts working for money, sure, but when you
look at millionaires, they don’t work for money.
Some Starting Points:
Money is abundant.
You just need to take ownership of it.
Politics aside, you need to live like a capitalist.
Capitalism is a system that governments can facilitate, but it is also an actionable guide for each of us to manage money.
Yes, it takes hard work, and a big part of making money is boring, but 5 minutes of fame on TikTok will not build you wealth.
Ownership and contracts will.
You can follow a million directions in a capitalist journey. Hence, you must explore what is out there and choose what you want to pursue.
Also, you will need a strong why to keep you moving through the hard times in your pursuit of a better life.
-> After figuring out what you want your life and golden years to be like, ask yourself: Why do I want this life? What do I want to accomplish?
Money is depending on value.
You just need to have high-paid skills.
College education no longer guarantees you a job.
Your salary is not safe anymore, much less a good retirement.
It’s not fair, but it’s the reality, and the list of high-paid skills is constantly evolving and changing, so we need to adapt.
What is guaranteed is learning new skills.
Suppose you think you are wasting your previous experience and skills by taking a completely different path with different skills. In that case, you are already wasting the rest of your life.
Reward usually hangs out on the other side of sacrifice.
-> Don’t have a high-paid skill? Just choose one! What skills allow you to attain your goals? Which ones do you want to pursue?
Money can work for you.
You just need to make it happen.
How? Money comes from skills, but wealth comes from assets.
After generating a good income with your high-paying skills, you use that money to buy assets, then you use the assets that you own to generate money for you in your sleep.
You need to understand the difference between assets and liabilities. Assets bring you money, liabilities take away your money.
Study the law and the tax system in your country, without this knowledge, you will not get the best results possible and may be on your way to unnecessary troubles…
And remember, it’s not how much money you make it’s how much money you keep, and no, I don’t mean a savings account, I mean profit, what you have left after you pay all expenses.
Wealth, at its core, is not how much money you have.
If you earn to cover all your expenses and more, you are wealthy.
-> Please list your assets, liabilities, and the money you have at your disposal and find out: Where are you? Poor, just above, or wealthy?
Last thoughts:
You will lose money on your way to making money, so get comfortable with that idea. Risk is always there, and no one hits the bullseye every time.
We all start small but never dream small! If you want the clouds, you don’t aim at the sky, you aim at the stars!
If you want to be financially free, aim to be a millionaire.
P.S. You are very likely to get to be both at the end.
-> I suggest reading Rich Dad Poor Dad by Robert T. Kiyosaki if you have not yet.
It compares with notable highlights of the life of a government employee and an entrepreneur.
04.02.2024
See you soon
Your Zine