If you don’t want to read it, you can watch this video.
A lot of people want to know how to make money as fast as possible. This whole notion of making money in a snap is unrealistic in most cases. It typically takes a few years if you continue to work and learn from your mistakes.
It’s possible to make money quickly, but don’t predicate your whole life on that. Instead, predicate it on buying units, spending $50 to $200 and doubling, tripling or quadrupling your money. That’s more realistic.
We live in a society that does not celebrate anything other than first place. When I grew up, there was first place, second place, third place. There were ribbons for them all. Today we live in a culture where if you don’t come in first, people think, what’s the point.
That kind of thinking is disheartening and creates despair, because sometimes the best you’re going to do is come in third or fourth. But, if you keep at it, you can eventually improve and come in first. What I call this type of attitude is an “entitlement mentality.”
They think, “I breathe; therefore, I deserve a lot of money.” You don’t. You’ll deserve a lot of money when your service equals the amount of money you want to make. That means the more people you serve, the more money you’ll make.
My girl is a teacher. A lot of people think teachers do great things and they should make more money. I agree. But, this is how you’re paid. Your compensation is based on how easy it is to replace you. The harder you are to replace, the more money you will make. A Peyton Manning or a brain surgeon is hard to replace which is why they make so much money. The more specialized the knowledge is and if you do it better than everyone else, then the more money you are going to make.
Just step back and think about how you can increase your service to the people in your neighborhood right now. When you think about your personal definition of success, making a lot of money is not the total sum of success. Sometimes, doing the thing you want to do with your life makes you successful.
You have to determine what makes you happy. What is your idea of success? Don’t let anyone frame that for you. As long as you are chasing someone else’s dream, you are going to be unhappy.
As a business person, you learn how to read people. You learn how to gauge talent. You run into these situations where people ask you questions. They aren’t asking you to learn. They’re asking you so they can figure out how to get out of their spot in life. From what I understand, many people hate what they do.
Not all people hate their work. I love what I do. I’m up at 2am working on this stuff because I love it. Another thing to consider is that I can do this “writer thing” until I am 95 years old.
If you are going into the storage auction business, here’s a “heads up.” You need to develop a load team asap. If you don’t, you will literally wear yourself out. I’ve seen it. If you have any grand ambitions of being a large resale store, start building some contacts and networks. Start building your team now.
Your biggest limitation is not going to be money. Your biggest limitation is going to be space. That’s going to be your Number 1 limitation.
I come to you with this video because there’s a lot of people who are stuck on the idea instant success. It’s not normal. It does happen sometimes. Look at Facebook, for example. Everybody talks about Mark Zuckerberg. He’s a millionaire. He’s about 25 or 26 years old.
He started this when he was a teenager. It’s taken about seven years now. Even with his stunning success and the impressive growth rate of Facebook, it did not happen overnight. There’s been a lot of hiccups and mistakes. There’s been lawsuits.
The dude got the skills he needed to build Facebook in high school. He’s probably been working on code since he was a child. By the time he was at Harvard, he probably had 10 years of experience that he was not getting paid for at the time. That’s very, very relevant.
Anybody that’s played sports knows. You’ve got to get your “reps” in. There are thousands of hours of that type of activity that leads to those shining moments on the field. You’ve got to put in the work before you can celebrate. A lot of people are ready to celebrate, but they don’t want to put in the work.
I did not become successful until I learned how to focus on one thing at a time. If you are a jack of all trades and master of none, it’s going to be damn hard for you to get rich. You are too scattered.
If you are going to get into the storage auction business, start off small. Buy a few units. See if you like it. If you’re watching my videos and you see what I got from the business and you believe you want it; you need to realize there is another side of the business you haven’t seen. You need to experience that before you make any long-term commitment or pony up a lot of money.
This guy contacted me. He inherited $100K or so and wanted to get into the storage auction business. I told him to find out if he liked it first. He’d never been to any auctions. He had just gotten the money and was ready to blow it fast.
I told him to slow down and write down some goals. I told him to figure out what he wanted. A lot of people don’t like the business. There’s nothing wrong with that. Before you invest a lot of money, you have to go out there and see what you’re getting into.
This isn’t just advice for the storage auction business, it’s for any business. If you want to be successful, think about what you can do to be more successful. Ask yourself what you can do to serve more people. If you figure out those two things and really work hard, the money will come.
When I decided to be a writer, I had a conversation with God. My goal was to make $50K a year. I understood there would be compromises. I knew there was a very good chance I would not make the money I was making before as a reseller. The videos were just a marketing tool and now they’ve become a thing of their own.
Forget about microwave success. Think long-term success. As you gain perspective, the urgent feeling that you’re “missing the boat” will leave you and the only person you will be competing with is yourself.
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