I'm thinking way ahead of the process I'm currently in although I thought I'd keep this written down in case I forget it. profit maximization occurs when marginal revenue equals marginal cost. Since I'm dealing with digital items my marginal costs should remain relatively the same throughout. Basically the change in cost would be = to 0 so profit maximization for me in this situation would be at $5 per unit sold since total marginal change in revenue from 5 to 6 is 0. ...
I got some incredibly awesome ideas from David Allens book "Getting Things Done". After about a year of applying what he talks about in his book here's what I've found to be most effective for me day-to-day. His system of organization starts with this concept of capturing documents and list items he calls "buckets". I have a 'bucket' in my backpocket everywhere in the form of a tiny spiral notebook. Its the same retangular shape of a legal ...
I was toying around with some numbers in excel when I realized something profound but something I've heard over and over. I've heard it from MJ. I've heard it from Steve Jobs. I've heard it from Michael Jordan. I've heard it from some motivational talks on sports. Time is limited. I'm 21. I'll be 30 and those 9-10 years will seem like a blink. Just how I was once 7 years old and wondering "Wow I've only been alive ...
The only reason I'm posting this is the hold myself accountable to it. See the following fastlane thread: http://www.thefastlaneforum.com/mind...years-now.html It is Sunday, Janurary 8, 2012. Originally Posted by Pinnacle My business consistently cash flows 7 figures per month. I'm a 34-year old retired millionaire who has successfully invested in cash-flowing assets and travels regularly to all the destinations I've lusted after in Robb Report. Time and ...
It's like I don't take the right action but never want to give up. Some time ago I had 50k, and I didn't care about making more money. I didn't live like crazy, but after 1.5 year, I started to see that 50k really is not that much money without income. Now I want to make money. Getting all these dreams in my head of becoming rich and think to myself: Damn, if I had that 50k now.... On the other hand, i read almost everywhere that you do not need to invest money to set things ...
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