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MJ DeMarco
I followed the science; all I found was money.
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Inventors Virtual Meetup (FREE - All welcome!): Sunday, April, 21st 2024: 11 AM ESTJoin over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.1000%You don't get rich by saving a few bucks.
You get there by earning more than you could possibly spend (within reason).
You sell a company, create a cashflow business, etc.
Saving $10 bucks a day on whatever causes you so much more mental harm than the $300/mo you're saving can buy you.
If you are so financially f*cked that $300/mo makes a difference in your life, you need to go hustle your way to a point where that $300/mo no longer worries you.
People underestimate the mental strain that caring about the "small stuff" puts on you and your goals/action taking.
If you're worried about the small stuff all the time, you just don't have enough energy to put towards the stuff that will get you to financial freedom.
Nice video, thanks for sharing.I think this video is great at explaining why save save save is a not the best idea for an entrepreneur looking to achieve great results.
Wanted to share this and see some responses from the forum.
View: https://www.youtube.com/watch?v=DsXi3b9wC2w
FIRE people drive me nuts
Ah thanks for adding this. After selling my house it's a little daunting to see how much I spent in the six weeks since — getting some of those essential big expenses out the way. Nothing crazy like a car, just essentials, but it's nice I can stop worrying about little things now.When you're starting out you should minimise personal expenses. Things like the choice between no car, second hand car and new car. But don't obsess about all the little expenses. Not buying take out coffee will have little effect on how much you can invest in your business but getting rid of your car will. Cut your big expenses down then stop worrying about the small things and focus on revenue instead. If a Starbucks coffee makes you happy each day then go for it.
So many businesses (and people) are in a constant situation of income = expenses. We spend whats in our bank account. If you're in a service business it's easier to grow without making a profit but in most businesses profit is essential for growth.
Anyone remember this thread?
I enjoy my converted ambulance, but I doubt I would ever go full time in it.My respects to anybody that has the discipline and determination to do that. I can’t imagine living in a van like in Los Angeles where it’s actually not legal to live in a van or car. You can’t just park on the side of the road, live there, and shave on the sidewalk. Although it’s not enforced.
It would actually be better to live somewhere in Mexico like in Puerto Vallarta where you can pay $300 in rent. You have a roof over your head and a place to shower and some high speed wifi. But it’s usually outside the comfort zone of many.
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