News, Updates, & Resources

Chapter 18: Education versus Academics

In my first year of studies, I was told a shocking statistic. 90% of business owners do not hold tertiary qualifications. I was studying to skill up and hearing that my chosen path doesn't align with where I wanted to be made me question the education system. The...

Chapter 17: Skills Are Needed

I remember it clear as day, finishing high school and knowing I wanted to be my own boss.  Whilst chasing tertiary education, I wanted to start a side business and earn cash. My friend and his Dad were repairing commercial printers on the side and they asked me if I...

Chapter 16: Annual Perspective

A huge shift in mindset is quantifying operations.  What do I mean by this?  How do you measure your businesses progress? When business owners talk to other business owners, they talk about gross turnover.  More importantly, they talk about the years’ performance. ...

Chapter 17: Skills Are Needed

I remember it clear as day, finishing high school and knowing I wanted to be my own boss.  Whilst chasing tertiary education, I wanted to start a side business and earn cash. My friend and his Dad were repairing commercial printers on the side and they asked me if I...

Chapter 16: Annual Perspective

A huge shift in mindset is quantifying operations.  What do I mean by this?  How do you measure your businesses progress? When business owners talk to other business owners, they talk about gross turnover.  More importantly, they talk about the years’ performance. ...

Chapter 15: CMA – Competitive Market Analysis

The content is slowly gearing up to starting a business.  Once you have identified a model that works for you, the next important step is CMA. From my experience, every time I identify a business model that interests me, I google search the business I want to start. I...

Chapter 14: Observe Business Models

There are so many opportunities. So many ways to approach the self-employment model. Using observation, you need to identify what works for you. I am personally chasing after passive income streams. This means I want to live in a world where I make money while doing...

Chapter 13: Money From Nothing

In a world of unlimited opportunities, making a profit is so easy and exciting. To me, the beauty of the profit model is that you can literally make a profit out of nothing. Before I tell you of how I have made money from nothing, I first need to tell you are the...

Chapter 12: Making Money Is Easy

By now you can see I have referenced some commonly heard of sayings or philosophies.  A saying I came across is that: "Making money is easy". Hey!?! What? If it is easy, then I want to quickly make some. What the author was actually saying was: John McAffee makes the...

Chapter 11: Continual Improvement

The mind shift continues to go deeper into this chapter. Using observation as a tool for improvement, identifying systems that exist and knowing that there are endless opportunities, this next chapter really drives forward motion. A challenging thought that I...

Chapter 9: Self Educate

You are the gatekeeper of your mind. You control what sticks and what gets tossed out. No one else can teach you. There is an old saying: "you can lead the horse to the water but you can't force the horse to drink". You are the horse. You can be stubborn and not learn...

Chapter 8: Tool of Observation

Now that I have hopefully got my mind ticking over. Dream more and eager to chase opportunities, this chapter changes gear.  This is a tool I use when dealing with opportunities. The foundation of this tool comes from this statement: "A clever man learns from his...

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I have drawn this conclusion based on my observations of the super-rich.

This chapter has the purpose of asking you to question your wants.

  • What do you want?
  • Why do you want it?
  • What do the rich want?
  • Why do they want it?

The basics of economics teach us about supply and demand. It is balanced over price and quantity.

Where supply meets demand is known as equilibrium. Equilibrium is the point where price and quantity will match the demand and supply of products at the right point.

If there is a higher demand than supply, the price will increase. If there is a higher supply than demand, the price will drop.

That’s the basics of economics.

If we take this economic principle and we add psychology consideration, we can draw new conclusions.

Psychology has helped us realize that we want what we cant have.

A fundamental truth in human nature.

The easier things are to obtain, the less desirable they become.

This works in relationships as well as physical possessions.

Economics studies peoples demand products and psychology studies why we demand products.

New rich tend to buy fancy sports cars where old rich don’t. Just because they can afford it doesn’t mean that they will buy it.

New rich tend to be flashier because they previously experienced a lack of access to finances to afford these goods. Where old rich have always had access to funds, they never felt that they couldn’t afford it, so they never felt the demand for it.

The super-rich (old rich) don’t wear branded clothing or drive fancy sports cars. They dress well but not branded. 

Their demands are different. 

This perspective will hopefully get you to think about your desires and wants. 

If you were super-rich, would you still want it?

If you know you could afford it or if you bought it, would your desires be met?

If you were super-rich, what would you want?

Reverse Psychology

Have you ever bought something you always wanted, and once you had it the excitement of getting it had gone.

As if once you took ownership, your desire ends.

This is what new rich often chase after. All the things they once thought they couldn’t have.

Once they buy all their primary desires, the excitement goes.

New rich then tend to chase after the next exciting purchase (and buy bigger).

Old rich/ wise rich focus on growing wealth rather than finding ways to spend it.

To learn from the super-rich, I recommend thinking about the transactions backwards.

If you owned it, what would you do with it? How often would you use it? Would it really be used often? Where would you store it?

The superrich doesn’t buy unnecessarily. It adds chaos to their lives. They like simplicity.