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10 Lessons from ELON MUSK for Entrepreneurs 💵 - ▪️1. The hardest part is coming up with the right questions. Once you've done that, everything else is very easy. I came to the conclusion that we should strive to expand the limits of human consciousness in order to learn how to ask the right questions. ▪️2. In physics there is a concept of fundamental principles. You dissect reality down to its fundamental foundations. And you start building arguments from there. It requires much more mental effort. ▪️3. I don't want to be the grandfather who can't check his email. But I'm unlikely to do a new Internet business in the future. It seems to me that I should direct my efforts towards creating things that can positively affect the future of mankind. ▪️4. I like to be involved in things that will change the world. The first thing I always think about is whether what we know about something is true. Maybe there is some other explanation? I have been doing this since the first grades of school. I have always disputed everything. This drove the parents crazy. I never believed them and always demanded to answer the question "why?". Then I tried to see if their answer made sense. ▪️5. Constantly think about what you could do better and ask the right questions. ▪️6. I worked from morning to night. He lived in the same warehouse where he rented an office, and took a shower in the locker rooms of the local stadium. But I saved on renting an apartment, and in the first two most difficult years I kept the company afloat. Work 80-100 hours a week. This will increase your chances of success. ▪️7. People who know me tend to have a good opinion of me. In general, until I fired them, they always have a good opinion of me. ▪️8. Tesla Motors is named after Nikola Tesla because we use some of his inventions. This guy definitely deserves more recognition from society. However, to be honest, I always liked Thomas Edison more because, unlike Tesla, he was able to bring his inventions to the mass market and make them available to all mankind. Tesla failed at this. ▪️9. I think it's a mistake to hire a huge number of people to get a complex technical product. Quantity will never make up for talent, but will generally slow progress and increase the cost of a product. ▪️10. When Henry Ford began to produce cheap and reliable cars, people did not immediately accept him. It was a huge risk and it paid off.

5 lesson learned from book-Money: MASTER THE GAME 📚 - 1. Money is neutral Money is simply a tool, it is our intentions and means that make it evil or good. Money amplifies what a person already is. It will make the greedy more greedy and it will make the generous more generous. Money can fund a dream or start a war. — Tony Robbins 2. Be honest about your financial situation Being too negative or too positive is dangerous. You have to be real when it comes to managing your money. Be honest with yourself about where you are and identity what you’re lacking so you can begin to make changes. 3. Be humble Being overconfident with what you know is a recipe for disaster anywhere, especially with finances. The best investors know they’re going to be wrong, no matter how smart they are. — Ray Dalio 4. Give According to Robbins, giving is the ultimate secret to wealth. It might be counterintuitive that giving allows you to have more. But maybe that’s just how life works, it gives to the givers. 5. Prepare It wasn’t raining when Noah built the arc. Build an umbrella fund while the weather is nice. Set up health funds while you’re still healthy. Save for retirement while you’re still young. Losers react; leaders anticipate - Tony Robbins. Thanks for Reading 📝👌

MASTER THE GAME 📚

Financial rules

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"Passive Income Ideas: 101 Passive Income Ideas Under $1000." 📚📚📚 by Frank Coles "The key to financial freedom is not more income; it's more streams." 7 Lessons from "Passive Income Ideas: 101 Passive Income Ideas Under $1000," by Frank Coles: 1. Understand Passive Income Coles defines passive income as earnings that require little to no ongoing effort after the initial setup. This understanding is crucial for identifying viable opportunities that align with your lifestyle and financial goals. 2. Start Small The book emphasizes that you don’t need a large sum of money to begin generating passive income. Many ideas presented can be started with less than $1,000, making it accessible for individuals at various financial stages. 3. Diversify Income Streams Coles encourages readers to explore multiple passive income streams. By diversifying, you can reduce risk and increase overall earnings potential, ensuring that you are not reliant on a single source of income. 4. Leverage Digital Platforms Many of the ideas in the book involve utilizing digital platforms, such as creating online courses, writing eBooks, or affiliate marketing. These avenues can reach a wide audience and often require minimal ongoing effort once established. 5. Invest in Real Estate Coles discusses the potential of real estate investments, such as rental properties or real estate crowdfunding. These options can provide steady passive income, although they may require some initial research and management. 6. Create and Sell Digital Products The author highlights the benefits of creating digital products, such as printables, stock photos, or software. Once created, these products can be sold repeatedly with little additional effort, making them a great source of passive income. 7. Monitor and Adjust Your Strategies Coles stresses the importance of regularly reviewing your passive income strategies. Monitoring performance and making adjustments as needed can help optimize your income streams and ensure they continue to meet your financial goals. These lessons serves as a practical guide for anyone looking to build wealth through passive income. By applying these lessons, readers can take actionable steps toward financial independence and create a sustainable income with minimal ongoing effort.

10 Lessons from the book "HOW TO GROW YOUR SMALL BUSINESS" 📚 - 1. Entrepreneurship is not for the faint of heart. It takes grit, determination, and a willingness to fail over and over again before you finally succeed. 2. Your customers are the lifeblood of your business. Without them, you have nothing. So, always make sure you're delivering value and exceeding their expectations. 3. Don't try to be everything to everyone. Instead, focus on your niche and become the go-to expert in that area. 4. Hiring the right people is critical to the success of your business. Look for individuals who share your values and have the skills and experience you need to take your business to the next level. 5. Invest in your own education and development. The more you learn, the more you'll be able to grow your business. 6. Keep an eye on your finances. Always have a solid understanding of your cash flow and expenses, and be prepared to make adjustments as needed. 7. Marketing is key to growing your business. Make sure you have a solid marketing plan in place and that you're tracking your results so you can make informed decisions about where to invest your resources. 8. Never stop innovating. Always be on the lookout for ways to improve your products and services, and stay ahead of the competition. 9. Building a successful business takes time, patience, and hard work. Don't give up when things get tough. Keep pushing forward, and you'll eventually achieve the success you're looking for. 10. Remember that your business exists to serve your customers, not the other way around. Keep their needs and desires at the forefront of everything you do, and you'll be well on your way to building a thriving business.

"HOW TO GROW YOUR SMALL BUSINESS" 📚

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