Key Lessons About Money I Have learned After 10 Years Of Making Money

I've been practicing entrepreneurship and making money since my early teens. So there's A LOT of things I have come to understand about the game of making money.

In this Article, I will share the most important things to know about making money.

Making money is a game you can win.

No, I don’t have a get-rich-quick scheme or a multilevel marketing programme for you to join. 

I am not selling a course or an e-book. (Nothing wrong with these)

Like any game, making money has a set of unspoken rules and principles.

I have spent 10+ years and counting, understanding the principles of making money that I’ve personally used to increase my income.

I recommend giving this article a read before starting : https://www.patreon.com/posts/66239526?utm_campaign=postshare_creator

Lets go...

1. A growth mindset is a prerequisite for wealth. 

A fixed mindset has killed more financial dreams than a lack of talent ever will. If you don’t think you can be wealthy, you never will be.

2. If you can’t manage £1K, you won’t be able to manage £10K. 

It is not the amount that matters, it is your psychology. Your money mindset applies no matter what tax bracket you’re in. Change your financial mind to change your financial life.

Many people think that having MORE money will make them more responsible, however more often than not, it just scales their irresponsible financial behaviours to a higher level. 

Start EARLY, don't be a fucking cheapskate. Just be responsible. 

3. Wealth won’t be created with an employee mindset. 

Having an entrepreneur  mindset doesn’t mean you can't be an employee working a high paying career at a very good organisation.

You don’t have to be a CEO or even own your own business to be an entrepreneur, but the entrepreneurial mindset is one that attracts success. Before we get to far, it’s important to note that there is absolutely nothing wrong with being an employee.

In every organisation there will be categories of workers :

• Workers with an Employee Mindset
• Workers with an Entrepreneurial Mindset

Here are the differences between Employees & Entrepreneurs:

• Employees dream about freedom. Entrepreneurs enjoy freedom.

• Employees think without starting. Entrepreneurs start without thinking.

• Employees break down after failure. Entrepreneurs wake up after failure.

• Employees improve their weaknesses. Entrepreneurs improve their skills.

• Employees usually trade time for Money. Entrepreneurs create Value for Money

• Employees wait for the right time. Entrepreneurs mate without thinking about the right time.

• Employees aim for the promotion in their company. Entrepreneurs aim for the promotion in their business.

• Employees see Security is taking no risks. Entrepreneur sees Security is taking calculated risks.

• Employees dream their plans. Entrepreneur plan their dreams.

• Employees expect their boss for fix the problems. Entrepreneurs solves the business problems themselves

• Employees focus on Money & position. Entrepreneurs focus on Time, money and significance

• Employees wish to be the smartest person in the room. Entrepreneurs wish to be surrounded with people who are smarter than me.

• Employees favourite phrase Payday. Entrepreneurs Business Opportunity

• Employees look holidays as a relief. Entrepreneurs look at days off and holidays more time to strengthen or learn new skillsets.

5. Instead, spend more time in an entrepreneurial mindset. 

Entrepreneurs only see business opportunities whereas others see problems. They don’t wait to be told what to do. T

hey don’t ask for permission but sometimes ask for forgiveness. They create their own financial future.

6. Your income growth will never exceed your learning rate. 

The more I keep learning, the more my business grows. The day I stop investing in my own development, is the day my business dies. Most people are dead by 30 but aren’t buried till 70.

7. You don’t rise to the level of your financial goals, you fall to the level of your financial systems. 

You first make your financial systems. And then your financial systems make you.

8. You don’t need permission. 

There are no gatekeepers and even fewer barriers to entry to starting a business. 

I started a niche six-figure consulting business with a laptop, WIFI, and my brain. 

I didn’t ask anyone if I could do it. I just did it. You can too.

9. Think like a venture capitalist. 

Take small, calculated risks that have limited downside, but unbounded upside. 

You don’t know what risk will pay off. 

But you can increase your odds of success buy taking more shots. 

The biggest risk is taking none at all. What do you have to lose?

10. Most people know that they are the average of the five people closest to them. 

But they still choose to hang around losers with poor money mindsets. 

11. Making your first £10 online validates your skillset. 

Making your first £100 online validates your market. 

Making your first £1,000 online validates your business model. 

Making your first £10,000 online validates your ability to scale.

12. Control your expenses, but ALWAYS focus on increasing your income. 

After a certain point, cutting expenses reach a diminishing return. 

Spend most of your time and energy making MORE money.

13. Align yourself with leverage and scale. 

Leverage detaches your time from your output. 

Scale detaches your output from income. 

With enough leverage and scale, one hour spent doing 1 activity could make you thousands every month.

14. If you aren’t making ONLINE money, you are making a big financial mistake. 

There are 4.9 billion people on the internet. 

Can you find four people that would pay £70 a day? 

If so, you’ve got a £100k business. 

Not easy, but not as daunting as you may think.

15. There are other important pillars to life. 

Making more money is extremely important but it will only solve your money problems. 

It won’t fix your mental health or your relationships.

But luckily for you, I already create valuable pieces of content which can help you with those departments.

- Till next time