I’ve done a lot of stuff in my life (made that sound like I’s 60 LOL, I’m only 30), from selling sandwiches from my backpack to building a million dollar company and losing it… and then building this huge ass blog.
You can read my book if you like life changing shit:
http://book.wealthmagnate.com/
I’ve been also trading currency recently…
…and realized there are 4 rules that apply even if you sell crap via the internet (yah, there is a guy that does that, heard about them a year ago LOL)
1 Invest in the downfall
What?
I just wanted it to sound smarter, I meant you always need money to endure the downfall.
Again, what? LOL
People seem to think business is all about winning.
Well, it’s not, not only is it not, but I realized it’s more about losing.
Let me make it simple for you with an example.
The other day I bought a lot of Benjies (dollars)… and things started going down fast because of unexpected, stupid petrol news. I knew the dollar would eventually get back to where I wanted it, which would have made me like 120% profit, but I needed capital for the decline…
…I had it, but needed time to react, well, I did not have that time and lost a lot of money… after that, the dollar rose and if I had reacted faster, I would have made a small fortune instead of losing one.
That made me think:
That same thing happened in 2011 when I lost my million dollar company, only back then I did not have enough money.
I opened a chain of fast foods and a few other businesses and got rich fast, only I was rich on paper… I had assets, was growing, yet the moment things started going down, I had to do magic to stay afloat…
…and I did magic LOL, I kept the company open for as long as I could with money from other ventures, but the money was only enough for 3 years and then I lost everything. A couple years later the market rose again, people got jobs again and the economy went back to normal. If had invested in the downfall, as I had in growth, I wouldn’t have lost everything.
Business works like this (every business):
1 You invest and expand
2 Shit gets ugly
3 you either have money to endure, or fail
4 you get big
5 shit gets uglier
6 you endure
7 get bigger
8 endure
.
.
.
.
.
and it goes on and on.
what does that say?
Endurance is as important, if not more important, than winning itself… or maybe it is winning.
Whatever it is, you need money for the downfall.
2 Don’t look back
The path to success looks like this:
image: https://wealthmagnate.com/what-mom-never-told-you-about-success/
I used to live in the past a lot… until I lost millions in 2011.
When that happened I had two options:
1 Regret
2 Regret nothing, learn and move on
I chose the latter. It took me a while to get back on my feet, but these days I had some time to analyze my growth after the loss and something amazed me.
I realized the further in time that event got, the less I regretted it, the faster I grew.
This is why it took me that long to succeed again, deep insight I still regretted that failure.
The moment I stopped thinking about the past and started thinking about now, I started to grow exponentially, both – physically and financially.
You have to learn from your mistakes and then move on, as regrets not only won’t help you, but will slow you down big time.
3 Simplify
The truth is everything is simple, those who complicate it don’t know that much about what they complicate.
Same with internet marketing.
You probably think it takes some kind of super power to build a huge blog or make 10K/month, well, it does take some work, but it’s not half as difficult as they say…
…it just takes money and balls.
That’s it – money and balls.
Most people seem to think complex means smart or whatever, but it doesn’t… it takes genius to make things simple, and everybody could complicate.
When someone says:
“it’s complicated”
slap them in the face (or maybe something less violent LOL), I’m telling you, it’s not a good idea to listen to people who say that, nothing is complicated, read the blog and you will see what I mean.
simple = fun
fun = rich
That’s my formula, simple and damn lucrative.
4 Read (but not too much)
Don’t tell me you don’t like reading, I won’t believe you because I used to think that too. I have always been more of an action person and used to think there was no time for books, only for business…
…and got rich early (at 21) but lost everything as quickly as I’d made it, because success starts from the inside.
Business is something you can’t learn in school, neither from life, but from books… and of course you should read mine first.
About 10 years ago when I was in the last college I attended (went to three of them, that’s why I told you you can’t learn business in school), a friend of mine’s mom, who worked there, arranged a meeting with a currency exchange teacher.
The meeting started and the answer to my first question was:
“I can only teach you what I know in theory, I have never traded”
The meeting was done.
How could anyone teach trading without ever having traded?
She wanted to help, but I’d rather read a book written by a rich person than have 100 teachers who know everything about business but have never done it teach me.
I’m not saying teachers are bad, they just don’t really get business and money.
About the too much reading:
Reading is cool, yet too much reading can lead to information overload… and that leads to too much thinking. Thinking is the opposite of acting…
…and what happens with no action?
Nothing.
Read as much as you need to clear the picture and than do.
These are my 4 business rules to make you rich fast, I want you to really get them and live the life you deserve, I had no one to teach me and lost millions, you don’t have to, you know the saying:
“smart people learn from their mistakes, wise people learn from others’ mistakes”
Let me know if you liked this article and stay awesome.
Vladi
