how to make money

Don’t Do These 3 Things With Your Money

Newbie Entrepreneur? Learn The Simple Tactic I Used To Make an Extra $1K Per Day While Traveling the World

When it comes to making a shitload of money, there are certain rules that cannot be broken.

If you do then you will be forced to live a life of crushing, defeating, debt..

But that doesn’t have to be the case.

So today my fellow freedom fighters we are going to go over the 3 RULES that you CANNOT break in order to live a life of abundance and create the lifestyle that you want!

Rule #1 Don’t Spend More On Formal Education Than You Have To.

So many people I know continue to spend more money on higher education just so that they can “figure out” what they want to do for the rest of their life.

So after graduating college, the next thing they want to do is go for their masters but yet..

They STILL have no idea what they actually want their masters for.


You cannot find your life’s purpose from a textbook..

You need to experience it, you need to live it, and you need to test it out first. Because the only way for you to actually know what you want out of life, is for you to go out there into the real world and live it yourself.

So instead of spending your money (or your parents money) on more formal education, INVEST that money in your own SELF EDUCATION.

Make sure that you start spending some of that money to GROW YOURSELF.

Now I’m not telling you to leave college, college is nice.. especially for those who dream of being a doctor, a dentist, or a lawyer..

But begin reading books like the 4 Hour Work Week, The Lazy Man’s Guide To Living A Good Life, and Rich Dad Poor Dad.

And start immersing yourself with the mindsets of people that have the life that you want.

And here is the SECRET to getting a REAL education:

You only learn when you TAKE ACTION.

Accept that failing is normal. And when failure happens (because it will)

Take time to review why you failed and then create a new strategic plan based on the feedback that you now have..

All you have to do after that is keep on pivoting your approach until you get what you want!

Because REAL EDUCATION is birthed from failing and learning.. NOT cramming and memorizing more useless information.

The only thing that matters at the end of the day is not how many cells are in the human body or what bones go where.. The only thing that you really need to learn out of life are things that you can take action on.

Everything else is just useless junk that’s taking up space in your mind.

So instead find out what are the things in those books that I mentioned above that you could immediately take action on.

Read one book for five minutes and literally spend the next 10 minutes applying what you learned..

Repeat the process with the other books and increase the frequency of failing so that you can have more feedback on your strategy. Because the more that you fail the more that you find out what actually works.

That’s what REAL education is all about.. learning and failing to get to the next level.

Rule #2 Don’t Buy Things You Don’t Need To Impress People You Don’t Like

This is the problem with most people.. they buy things they don’t need to impress people they don’t even like.

Why on earth would you do that? At the end of the day, you cannot pay your bills with the opinions of others.

All my friends that came out of school wanted to have the nicest apartment or the nicest car to start showing off..

But all they were really showing off was the beginning stages of their lifelong shackles to DEBT.

If you’re stuck in a position where you do not have the income that you want, here’s what you NEED TO DO..

You have to find a way to decrease your lifestyle so that you have an excess amount of money and capital in the bank to invest in either ideas, projects, or businesses..

Start cutting out things in your life that have no relationship to where you actually want to go out of life.

When I realized that I had to position myself to have financial freedom for the rest of my life, I knew I needed to do something different.

So while everyone at home were worrying and focusing about impressing other people, I was like

Screw that.

I flew all the way from Chicago to Chiang Mai, Thailand and started to surround myself with people that believed that it’s not about what you own.

But it’s about the experiences that we are able to make with the money that we have earned..

And creating something that will last a lifetime so that we don’t have to worry about trading our hours for dollars!

Another thing I did was I lived like a Spartan!

If you’ve ever seen how Spartans live, dude! They’re insane!

All they had were a sword and shield and a single piece of clothing.. but yet they were ruthless warriors because they were goal-oriented, and they knew exactly what they wanted. And anything that had no relationship with their goals, they cut out of their life.

Now I recommend you to do the exact same thing.

You don’t need that new flat screen TV, or that new pair of Nikes. What you need to do is start positioning yourself so that you can start creating the steps that you need in order to have the freedom that you want for the rest of your life!

Another thing that you could also do is become a minimalist.

The thing about life is every single thing that we buy are actually adding clutter to our minds and more worries to our brains.

The more things you own, the more baggage you’re going to feel.

But ever since I moved to Thailand, everything that I own now could fit in my backpack. There’s this new sense of freedom that I’ve never felt before in my entire life!

And being a minimalist is about owning what it is that I need in order to survive. And it has really helped me appreciate the things that really matter the most.

I really don’t care about fancy things anymore, and I don’t care about the nicest clothes or whatever.

What I value the most now are experiences because at the end of the day all we have when we are older are the memories that you have created.

(I’m pretty sure that memory of you buying that flat screen TV or those $800 pair of shoes isn’t going to be something that you’re going to reflect on when you’re older.)

So to my fellow freedom fighters, start collecting experiences instead of things.. save your money for future investments and become a minimalist so that you can live like a MAXIMALIST later on!

Rule #3 Don’t Keep It All In Your Checking Account

Make sure that you don’t keep all of your excess cash in your checking account.

Once you start following the first 2 rules on how NOT to spend your money… you are going to start saving up some serious cash!

WORD OF CAUTION: You are going to want to spend it!

The funny problem about most people is that whenever they see that there’s money in their bank accounts, their first instinct is to spend it all as fast as possible!

That’s literally the worst thing you can do!

So to combat that, what you need to do is to start with 2 different accounts.

FIRST is to have 10% of your income to be automatically taken out and put into an investment fund like where it invests in index funds..

So this way it could grow passively without you looking.

As for me, I currently use where every single month that I get my salary from my businesses, 10% of that goes into betterment where it invests in index funds.

If you know nothing about index funds, do your own research. Warren Buffett recommends it (and I think he knows what he’s talking about when it comes to money).

And in regards to index funds, this is what he said:

“By periodically investing in an index fund, for example, the know-nothing investor can actually outperform most investment professionals”.Warren Buffet

What I usually tell people is to go do it because all the cool kids are doing it (cool as in people that care about their future!)

The thing you should know about index funds is that as US economy grows, the index fund is literally gonna grow at around a 7%-10% in return of your investment.

Meaning if you had 100K in it, if you didn’t put in any more money. You would have 107K by the end of the year. So even if you don’t do anything you just literally get $7000 for putting your money there.

Here are the 2 DANGERS when you keep ALL your money in your checking account:

First, you’re going to be tempted to spend it and second, every single year the value of your dollar decreases!

But if you could find a way to make your income grow while you’re eating, sleeping, or shi**ing.. Then you can literally count back the depreciation of the dollar.

That’s why I definitely recommend index funds 100% because of how much it can actually grow within the next 5 to 10 years.

Note that this is your long-term asset. So when you’re at age 65 and because you had that habit of putting money into it every single month..

It’s going to come a point where the money invested in an index fund has grown. And in just the growth from that year, you could end up living off of it for the rest of your life.

You will have more money coming in from this simple investment you’ve made years ago and you no longer have to just depend on your pension.

Now the SECOND thing that I want you to do is to take another 10% of your paycheck and have it automatically taken out and put into a SEPARATE BANK ACCOUNT.

Literally separate it from the current bank account that you have so you can’t see both of the balances so you’re not actually tempted to spend that one either.

This is perfect for people that want to start a business but are afraid of losing all their money..

What I want you to do is take another 10% from your bank account and EVERY SINGLE MONTH, funnel it to that other bank account.

This extra bank account will be your IDEA fund that you HAVE to spend on business ideas. Things like courses, more books, seminars, or a future idea that you haven’t even thought of yet.

Don’t be afraid to lose this money!

The problem with most amateur entrepreneurs is they fear that they are going to lose all their money (even though they already lose it with buying Starbucks every single day)

The reason behind this FEAR is because they’ve never allocated how much money goes to paying the bills, how much money for the food, and paying the ideas.

HOWEVER, if you have a fund where your biggest goal is to lose that money, then now you are putting yourself in a position to LEARN.

Because you don’t need to be right a million times in business to be successful. All you need is one idea to hit, and you are set for the rest of your life.

So for example, I have a portion of my salary automatically sent to my other bank account. This is something that I use for the books that I want to buy, my audiobook subscriptions, for the seminars and coaches.

But more importantly every single day, I write ideas and future business ideas.. Or some apps that I could possibly develop, cool little ideas that can help manifest with the money that is in this bucket..

So whenever I need to apply action for that idea..

Instead of taking it from the bucket that I used to live off of and pay the bills and eat, I could spend the money that I have allocated on my new businesses and my ideas.

The beauty of it is even if I lose everything, it’s fine!

Because I still have my savings and my investment fund, and I still have the money coming in from my salary.

The problem with most people is they don’t give themselves a set budget to lose!

I  was taught by a mentor that when you first start off in an online business..

Find a job so that you will have money coming in to pay the bills, and then you have to be able to lose a certain amount of money every single month because that is part of the learning process.

It’s not like college that you spend $40,000 a year for 4 years and that maybe one day you’ll have a stable paying job.

But the entire time that you’re spending money from this bucket, what’s going to happen is you’re going to LEARN as you EARN.

The more you actually lose money, that’s just you getting reference experience for you to reflect on so that you can review the plan and just pivot to take another action and a different step forward.

And this is the important thing..

You have to be comfortable of losing money when you’re in entrepreneurship.

The problem with most people is they don’t even realize that they’re losing money on Starbucks or when eating out or drinking at the bars every single day.

So if you’re going to lose money anyways.. you might as well do it on your own account.

Lose money where you can learn something from it instead of spending something that doesn’t give you a return in your investment.

Will you fail?


But that is all a part of the process!

And the person who’s willing to fail the most will be successful the fastest.

It’s like Thomas Edison. It took him 10,000 attempts at creating a lightbulb. He knew that if he kept on testing he would run out of ways that don’t work and find out the one way that does.

Can you imagine if he gave up at failure attempt 107?


So right now my fellow freedom fighters..

Know that you have an idea inside of you that’s something bigger and something different which has not yet been seen nor introduced to this world.

And DO NOT let failure attempt number 3 be the reason why that idea dies!

Now with that being said, I would like to end this off with a question..

Do you know where the richest place in the world is?

It’s not Dubai, it isn’t in China, nor in the US. The wealthiest place on the planet is the graveyard.

Because in the graveyard are so many ideas, so many dreams, ambitions and untapped potentials that were never fulfilled because they let failure prevent them from taking the action they needed to in order to live the lifestyle that they want.

Start right now by investing in yourself. Read the books that I mentioned above. Enroll in courses if you need to. And master the things that you need to in order to put you in control of your own outcome!

QUESTION: Which one of these rules are you guilty of breaking and what can you do instead?

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