Thread by @HQawiyy

Ended Q1 2021 with $2.18M

Here’s some of my guiding principles that help me stay aligned

Personal | Finance | Business
Lengthy Thread ↓

quick background

I graduated with a 2/2 from the University of Ibadan & by society’s construct

I’d prolly be getting paid peanuts at a secondary school or so back in Nigeria

but I wasn’t cut out for that, I took the online space serious since I was 15 (best decision ever)

Definitely not the easiest thing

matter of fact, I’ve been like the rebel in the family lol

parents are academics & all that but I had a taste of money online awaiting admission & never looked back

Here’s some things I’ve learned over time 👇🏽

If you’ve read this far

now you can join the Wealth Accelerator

A monthly membership community where you get access to all the info I wish I had in the beginning
thedigitalproductsecrets.com/club

Focus on longevity over quick bucks

Go into something you can stick with for the next 5 years & keep iterating at it without quitting

The internet has leveled the playing field. Test, test, test till you figure it out & avoid shiny object syndrome

you don’t need piles of certificates to succeed, you do need real world experience to win at life

Schools teach you literacy and theory, life needs practicality for you to win in the long run

Your BODMAS won’t get you rich

Learn about money before you even make it.

If you truly want to build actual wealth, you need to stop leaving how you make money to chance.

Stop being on the defense and start going on the offense. Read, take courses, seek mentors on the subject of money

Seek help, you can’t do it alone

Kill your ego and focus on learning from others. You’re not stupid by asking questions and seeking answers

A Chinese adage says; a man who asks a question is only foolish in the moment, a man who doesn’t is a fool forever

Focus on distribution: true wealth is built on getting your offers into as many hands as possible

Scale & distribution is the key to building true wealth

Create something that can be used by thousands & 10s of thousands of people at scale

You only need 0.0000001% to thrive

to go deeper into this

what you have to create doesn’t have to be completely new

look at what’s working, add your own Uniqueness to it and solve problem at scale

the difference between millionaires and billionaires are the level of value and impact they have

you may not become a billionaire,

heck that’s a crazy goal to have methinks

but making your millions & having your peace of mind is attainable pretty much

There’s 11 million millionaires in the USA

so it’s much easier to attain when you figure out 1 key thing: Distribution

Use rented systems to build owned assets: Turn social media into something that you can leverage upon

You don’t own Twitter, Instagram, Facebook, Clubhouse. You’re simply a user

Take your traffic into your own platform with your lead magnets & MVOs

Fiat money will keep you broke; focus on liquid cashflow

Money in the bank is subject to inflation annually. You’d never get rich keeping your money in the bank

Send your money on errands and keep it moving

It’s like water, when left stagnant it stinks. Direct it’s flow

Make money everyday; that’s the cheat code.

Majority of people get only one credit alerts or deposits monthly & so many debits

Look at your financial statements monthly, are you getting paid more times than you pay out?

If not, that needs to be fixed ASAP

Focus on creating than you consume; only 2% create & that’s why wealth is in the hands of a few

If you can spend 2 hours watching a movie on Netflix, you can spend time creating something that earns you cashflow outside your time

You won’t be friends with majority of those you’ve been with in the last 5 years

Don’t be surprised, you’d lose majority of these folks when your lifestyle changes

To build the life you need, you need to let go of the life you currently have

Learn about building systems; how hard you work doesn’t equal how much you get paid

You need moving parts that can get you the outcome you seek without you being actively a part of it

This includes people and softwares that are readily available

Get a professional to handle your taxes, you don’t want Uncle Sam coming after your ass cause of stupid mistakes

Have a lawyer draft your contracts & send to clients before you do business w them. Some tech guys duped me for my SaaS biz but we got some money back cause of proof

You don’t have to spend 40 years before you can make a million dollars

but you do have to spend more time iterating on what you’re doing than most people will commit to

H/t to @naval

Your 10,000th iteration might be your big break so keep going

Get ready to be hated, I learned this from Grant Cardone.

You’d be loved by some, hated by many just don’t let it get to you

A solid book that helped me with this is “The power to be disliked by Ichiro Kishimi”

Also; your peers are the ones who will antagonize the most lol

But like @naval says

those who attack people building something often seek status, your focus should be on building wealth

Saturation is a myth; if so many fishermen are visiting a sea to fish, it only means there are enough fishes to go round

All you need is your own unique mechanism, enough story telling and a solid marketing strategy

The best doesn’t always get paid the most,

the best known will always get the most money

No matter how great you are, if no one knows you it’s a complete waste of time

No one cares until you’re all over their faces

So increase the echo you make into the world

Play the long term game in your space

The FTC cracks down on unethical folks in the internet space

don’t sell pipe dreams, build a cult like brand with solid customer experience; that’s the key

easier to sell to an old customer than to acquire a new one, make it count

Money doesn’t respect good or bad, it only goes to those who can actually multiply it

Contrary to what you might have learned growing up

Money has no conscience, it’s neither evil nor good

It’s solely attracted to where it gets to serve and multiply

Wealth isn’t a Zero Sum Game; because someone is winning doesn’t mean you can’t win. It only shows you what’s possible

Focus on your own race and seek collaborations instead of competition

No one loses in a game of wealth, you only learn

Free information can only get you so far; in the end you need access to structured information from folks who’ve done it over and again

YouTube, books & podcasts are great but courses, memberships and masterminds will change your life

to some creators who’ve been of impact to me,
Gracias

@jackbutcher thanks for constantly creating, some things are best repeated over & again to stick

@JamesClear for your book Atomic habits

@ronaldnzimora & @toyinomotoso I’d always disturb y’all 😂

@rshotton on psychology