Category Archives for "Investing"
January 17, 2016
Location: my condo in Chiang Mai, Thailand
I’m currently reading the book, How Rich People Think, by Steve Siebold and wanted to document some of my thoughts and view points on being rich and creating wealth.
For those of you that know me and grew up with me, you know that I didn’t grow up rich, and I didn’t grow up poor. We had everything we needed and a little more. I’m extremely grateful for that. The good thing was that my home town was extremely cheap to live in, so money went a lot further there than it would in many other places.
But, growing up this way I had always been told all of the typical things about money that you probably have heard throughout your life.
If you were born in the USA, you probably grew up hearing similar viewpoints. For those of you outside of the USA, I can’t speak for your family because it may have been different than what I grew up with.
Think to yourself for a second, how many times did your parents, teachers and others in your life tell you things about money that you just blindly listened to and followed because they were older and therefore knew more than you?
I know for me, it has been difficult to realize that a lot of what I was told when I was younger didn’t have to be my reality.
For example, the idea of working hard for money.
While I do believe working hard is one of the most important things you can do, and I thoroughly believe that you absolutely must work your ass off to develop skill-sets that bring in money, you don’t always need to work hard to earn money.
When it comes to marketing, I have worked my ass off. I’m constantly learning, reading, hiring coaches and mentors and testing and tweaking different campaigns I run and products I’m selling.
You know why?
It takes hard work to learn and implement the stuff that produces money.
What isn’t hard is taking what has been proven to work from your tests and then turning it into more money.
In particular I’m talking about finding a need in a market and providing a solution to their problem(s) and either eliminating the pain that they were experiencing, or providing more pleasure to their life by solving the problem(s).
Once you figure out how to solve a particular problem, you can use advertising to get more exposure to something that has been proven to work.
What that proves to me, and should prove to you is that…
Making money is easy.
Once you develop a skill set that can produce money, doing it over and over again can be done with minimal effort. In fact, you can hire people to do the exact steps you were doing to produce that money.
It’s not rocket science.
Although, it is hard work up front.
Okay, so back to the point of this blog post and where this idea came from..
Here is an excerpt from the book.
“The average person believes being rich is a privilege awards only to lucky people. World-class thinkers know in a capitalist country they have the right to be rich if they’re willing to create massive value for others.
This distinction in thinking leads the middle class to the lottery and the world class to work. While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems.
They believe if they make life better or easier for others, it’s their right to be rich.
They’re always thinking of new ways to build a better mousetrap, and are often scorned by the masses for being materialistic, self absorbed and greedy.
While the masses are watching television and surfing the web, champions are thinking,working and dreaming of a better life.”
The funny thing is that the lottery was just at 1.5 Billion dollars. A lot of my Facebook news feed was full of people hoping and praying that they hit the jackpot and then never have to work another day in their life.
I don’t play the lottery because I don’t believe in getting something for nothing. The whole idea of just being given an enormous amount of money without providing massive value doesn’t add up to me and it doesn’t resonate with my core beliefs.
Sure, I would take the $1.5 Billion if I won. I know exactly what I would do with it as well. 70% of it would be re-invested in boring and safe things that provide me with a safe return every year. 10% would be given to charities, 10% would be to buy a few apartment complexes and the other 10% would be re-invested in new businesses and hiring teams to run the new businesses.
However, I didn’t enter to win it so there was no chance for that to happen.
Bill Gates said it best, ““If you are born poor its not your mistake, But if you die poor its your mistake.”
You can’t help the situation you are born into, it simply happens.
However, you can choose how you react to it and the knowledge you learn along the way and most importantly the people you surround yourself with.
Is your current friend group holding you back from becoming great? It may be time to get rid of some of them.
Head to local meetup groups and conferences where you have the opportunity to meet people who are doing what you want to do. Find people who have the lifestyle you want and do whatever you can to learn from them.
Do work for free for them in exchange for mentoring. Be their errand boy/girl and go get them coffee. Do the little things to stay in front of their minds and they’ll do what they can to help you out in return.
At first, it sucks. After a while, you’ll start to notice that you’re thinking differently.
You’ll notice that the way you talk to others is different. The thoughts you have in your own mind are different. You start to believe that, “yeah, making $10,000 a month is actually pretty easy” and you build a business to do that.
Pretty soon you’ll be around people who are doing $100,000 a month and you will realize that it is possible.
The sky really is the limit.
Now I know you’re probably thinking, yeah yeah, Chris, you are already making good money with your business, of course you believe this shit.
…and you’re absolutely right. Don’t believe me.
However, here’s some blog posts I wrote about years ago that you may resonate more with.
Okay, so as you can see this shit is real. It’s currently January 17, 2016 and I’m chilling in Chiang Mai, Thailand with my girlfriend writing this post.
It’s been years since I started implementing the stuff I’m sharing with you now and it just goes to show that you can become rich if you choose to be.
I honestly believe anyone with the right mindset and work ethic can become rich. It’s just up to them to actually go through with it. Some days are going to flat out suck, others are going to kick so much ass you’re going to just sit back and think “how the hell did I get so lucky?”
Over the last few years, I’ve had my fair share of both of these days and I 100% believe that it was my mindset and my belief that I will do whatever it takes to make this whole internet marketing thing work for me.
The beauty of this is that I’m able to live my absolute dream life because of these beliefs and if you want to become rich (whatever that means to you), you have the right to do it.
You just gotta surround yourself with the right people, learn from your mentors and work your ass off until you can duplicate yourself.
Hey guys Chris Hughes here live from Boquete, Panama and I just wanted to show you the view here and I wanted to talk with you about something that Napoleon Hill originally spoke about in the book, Think and Grow Rich.
This video is going to be about forming a mastermind, which is basically a group of like-minded people to challenge you and elevate you to the next level and to become a better person. As well as to improve yourself and in the case of my mastermind, make more money.
You see, about a month and a half ago I really took the idea of a mastermind seriously and I took action and formed a mastermind with some of my closest Entrepreneurial friends.
This took place on a trip to Costa Rica and we all decided that it would be very beneficial for us all if we challenged each other, encouraged each other and shared resources that were helping us.
It was basically put together to force us to step out of our comfort zone and become better.
Now what happened was a little mind boggling…at least to me anyway.
I tripled my income and a couple of the guys in the group started taking their business seriously (now that the ego got involved) and they really started to do work.
Some of the other guys noticed that this put them on the path to ultimately get to where they wanted to be.
I really just wanted to share the importance of it because when I first learned about it, I did not take it seriously at all and I really missed out on a huge opportunity to grow.
My ego had gotten in the way and I thought that I knew better than Napoleon Hill and didn’t need to use his little success tips. Damn ego..
Now one of the biggest things I’ve noticed about this mastermind is that if you are truly struggling with something and you let other people in your mastermind know, they can help you overcome the obstacle.
Whether something isn’t paying off yet, or you have that little thing in your head telling you that you can’t do it, these guys/gals can help you break through.
It’s really a valuable lesson to actually create one of these masterminds because you’ll have people around you who want you to succeed.
You are probably aware and have noticed that a lot of people who you speak to about your business or your goals do not care about them.
Now what you want to do is start to find like-minded people to form a mastermind with you. Find people who are at the same level as you, or are just above your income right now.
Finding people like this forces you to become comfortable with where you’re at and it forces you to challenge each other to become more… plus, you can talk shit to your friends if you beat them in the mini challenges you guys come up with.
You can form a little facebook group and make it private if you aren’t in the same town/state/country. That’s what we’ve done with my private group. We’re all over the world but we keep in touch via facebook and meeting up around the world.
As you all know, I am a huge fan of people pursuing their dreams and becoming Entrepreneurs. I believe 100% that building something outside of a traditional job is one of the best things you can do in your life.
You can not possibly believe that a job will always be there for you. With how many companies are closing and going bankrupt, relying on someone else to pay your bills is one of the most financially irresponsible things that you can do.
It’s up to you to take control of your life and do what these billionaire college dropouts did.
Let this be a little motivation for you to go after those crazy dreams you have.
Here’s one of my favorite quotes from the movie, Alice in Wonderland.
The Mad Hatter: Have I gone mad?
[Alice checks Hatter’s temperature] Alice: I’m afraid so. You’re entirely bonkers. But I’ll tell you a secret. All the best people are.
Via: DeVry University
This is a pretty interesting little infographic I came across. I knew that the companies I buy stuff from have to pay for a small credit card transaction and that’s a cost of running the business. I wasn’t aware of the other little fees that there are. I guess when I go out to local places in Orlando I will need to start using cash more so they get to keep more of the money. Plus, maybe i’ll get some cool discounts… what do you think local Orlando businesses?
Now if you want to pay me to work for you, I’ll still accept all forms of payment. Feel free to give me as much money as you can and I will gladly accept it.