This is a popular quote, if you are reading this it is because you are tired of your 9-to-5 job, Learn some in finance. You’re tired of living paycheck to paycheck, you wonder why you work so hard and cannot get ahead. I know what it’s like, our school systems taught us to be employees.
Leave the 40-40-40 plan, which means 40+ hours a week 40+ years of your life and hopefully retire off 40% of your retirement. This is scary especially in this time in life. If you have grown inside a wealthy family who has money and everything set aside already this article is not for you.
While at work on breaks and a lunch watching YouTube videos on motivation. Not knowing the power of YouTube at that moment but I will get to that later. Picking books to read to open up the doors in the brain on what potential the man or woman have to succeed in this world.
We hear this word come up a lot in our minds, it takes a while to learn it. Because of the way that we were taught to go to school, get a job working way up the corporate ladder and all the other nice talk. I was reading this book called pitch anything. Now I am not promoting it in any way, however the man who wrote the book really put it in detail on how the human mind works.
According to the book they talk about the crock brain and the neocortex part of the brain. The croc brain is considered the scarcity it represents someone who always takes caution and everything he or she does. The neocortex is the part of the brain that is more advanced, takes risk and is open to opportunity.
After reading the book I decided to study this a little bit because I and few others I knew were working on our mindsets to get it put in the right functioning order. You see people do it all the time and never fully dive deep into them. You have all these entrepreneurs like Richard Branson, Grant Cardone, Oprah Winfrey, And the list goes on.
Thinking like a consumer and thinking like an investor.
The mindset of a consumer is someone who is constantly buying stuff that’s not going to benefit him or her. For example, there are people out there who want to get out of their 9 to 5 job they’re tired of living paycheck to paycheck but they continue buying things that are not going to benefit them in any way for the future.
Buying liabilities when a person can’t really afford to be doing this but just to show off they go out and get a brand new car. It feels great to get a brand new car especially if you have not had a car and you’ve been taking the bus or you’re upgrading from your old car that keeps breaking down.
Mainly is what you’re doing, you are buying things that he’s not going to help you get out of your situation. Yes it’ll get you to the job but if you were trying to get out of that job this is going to get you to another job. We all have to work to provide for our priorities.
Keep in mind this is for that person who is tired of trading time for dollars. I know many out there who love their jobs and are grateful to be back at work. Out of my experience I have had many jobs that I am glad I left when I left because I was not going nowhere.
The mindset of the investor/entrepreneur, many men and women stepping into this field have read books studied with like-minded others. They are ready to go, they continue taking courses getting involved with masterminds.
Non-like the crock brain they use the neural cortex. Taking risk investing in the right education to get them going. We sacrifice a lot, partying, staying up late, going to sleep late. We do what we have to do to learn and do not let anyone get in the way.
I have met many people out there who say they don’t have the money to get started and many of us don’t. There are plenty of ways to raise capital, further investment needed to move forward to progress to success.
Both of these mindsets function differently. One does not want to take no risk, always scared and the other one is all about taking risk. The ironic part is we as human beings take risks every day, we could be in our car driving doing everything the right way. But somewhere out there someone is not caring, not paying attention and accidents happen!
I learned from one of my courses if you want to be a real estate investor you have about 200 tax write offs you can do as compared to a W-2 employee do you have about 20 tax write off you can do. I will leave a name of a book you can read that talks about this including entity structure.
In order to get any tax write off’s for your business you have to talk to a CPA tax attorney someone like that so you can get your entity structure correctly. If you are doing real estate transactions make sure you talk to a real estate attorney.
Using debt as a tool.
This could be a touchy subject, a lot of people do not like debt. Some people don’t even like talking about money. A lot of these jobs I’ve had if you talk about how much you make do you have a good chance you’re getting fired.
I have seen this happen a few times, for some reason they don’t want people talking about money or their wages because sometimes it turns out to be a big argument.
If you buy a house you’re most likely using debt. The house gets financed through the bank now you owe them for your house. If you’re going to college and you’re using student loans that’s considered debt. Many people do this and do not want to learn velocity banking, this is a strategy that you might be able to find a couple little parts of it on YouTube but they don’t give out the full course.
If you see these wealthy people out there, maybe they own apartments and other real estate. They most likely have it set up to where their debt is paying itself off helping people, and making profits. That is considered good debt.
If you are using it for your student loans that’s great because you always want to do something that you want to do. But it’s always good to learn somehow that you can pay that off a lot sooner without doubling your payments.
The last time I looked into the national debt service, the United States was in $17 trillion in debt. Now with this pandemic going on and everything it might have gone up I have not checked it recently. The point is this whole country is in debt.
There is some debt that is forgivable and sometimes it’s not. So hopefully nobody never has to file bankruptcy but if you do you most likely have a better shot of getting your credit cards eliminated before your student loans.
I met this woman a while back and her debt was really high because of certain bank and strategies she was able to start knocking it down pretty quick. There is a good way and a bad way to use it, I am not telling anyone how to use their debt just giving a few ideas to those who are tired of being in the same position day after day.
When investing in education, always do your due diligence. As many of you know there are many products out there of education for online and real estate investing education. These were my two choices, there’s also day trading which I learned a little bit from but I am not too familiar with.
There might be some people out there saying wow that’s a pyramid scheme. Here’s something to think about in the corporate world, the ones who work on the floor that are so easily replaceable. There are the men and women who work in the office executives whatever you wanna call them.
When you’re the one on the floor sweating on your feet all day. They might be the supervisor here she is just on your case for whatever reason. Think about who gets paid the big dollars and you get sprinkled the rest!
Corporate world is a pyramid scheme, so when you run into one of these products of education that you can introduce to someone else who is interested take advantage of that. Most companies you can make commissions in the Internet world are called affiliate marketing. Some are MLM’s multiple level marketing, if the product is good no worries.
This is also part of the mindset, so you found your education and now you were doing your due diligence but for some reason you still feel a little skeptical. This will be the crock brain, if the product has great reviews give it a try because there are laws out there that protect the consumer from being scammed.
This can become the hard part, because a lot of people worry about failure. If you have studied some of the successful entrepreneurs out there everyone has a failure story, but some do not want to share it. If someone is not having a failure it’s because that person has not taken action.
If you stick with one education and you should be ok. Sometimes we bite off more than we can chew that’s spoken out of experience. If you are doing real estate investing make sure you plan on building your team, because doing it by yourself can become overwhelming.
Use different strategies to gather leads that will take up less time. I would recommend using Facebook ads so it can work for you, or start calling a listing agent. Build some relationships, do your best to turn it into a smooth career.
If you are doing affiliate marketing, learn how to build your sales funnels. The biggest problem that a lot of people run into is finding targeted traffic. Keep in mind that there is competition out there, make sure you have your opt in page so you can gather names and emails maybe even phone numbers.
There are many other strategies for online marketing, if you don’t know these are ready you might have to learn them. Copywriting, relationship building, consistency, and a few more. If all this was easy everybody would be doing it. Find a high traffic source for example YouTube, it might take some time to build but like anything else you have to plant it and water it.