When it comes to investing and maintaining cash flows, we would be wise to remember that each and every one of them have the chance to fail at any given time. This is precisely why we do not stop doing our own research after making the first real steps… No, we must continue to learn, and as we learn we clarify next steps.
And when it comes to next steps, we come to a more specific understanding as to how to sustain a cash flow, how to improve it, how to refine it… We come to the acceptance of when we make a graceful exit, because before we even get to that point, we have established a pivot point (where to redirect the capital invested), or a brand new venture… Of course, we ought to be ready to pull the plug at any time, but we move, understanding that this is the last thing we want to do.
Worst case scenario is we get totally scammed. It couldn’t be avoided, but we should always (1) do our extensive homework and research and (2) avoid investing what we couldn’t afford to lose before getting into any venture.
But yeah, sorry, the point I want to make here is that the research and the homework doesn’t stop as you step into a venture and see your initial returns. Even then, you need to research, and keep researching, in respect to the hard-earned capital you invested.
Not going to lie, I’m probably only saying this because I may not have done enough research before jumping into one, or two, or three opportunities within last week.
Also, not going to lie, it’s been a while since I felt this ‘rush’ – it’s the closest rush to sex, I tell you.
To put in a significant amount of yourself out there, with the chance of progression by way of creation.
Yeah, sounds about right.
I was typing that earlier today, before any and all appointments I had for the rest of the afternoon. Now, to be honest, I feel tired and I’m about ready to rest, but as I’ve been sharing, and as I’ve been tweeting, there are no ideal emotions. Nor are there ideal environments.
There is just the necessity to write… and so I write.
I feel… I don’t know, ‘launched’, I guess. It’s all because of what I’ve been listening to – I haven’t gone through half of the Naval podcast and I’ve learned so much already, so much that I’m putting into good use, God-willing. I’ve been hooked by what he said, when he said that the goal isn’t to make money, but to make wealth. The way I understood it, money is a tool, but making wealth is the ideal – making wealth is establishing ways for you to earn even as you sleep. I understand that measuring wealth is not seen in the numbers on your bank account, but the number that you earn from what you established.
I’m sorry, but I’m still trying to understand it all myself – I’d like to explain it even further, but I do want to live it out and experience it for myself. This was why I guess I was pretty hasty in jumping into at least 3 opportunities that would make me passive income in such a short amount of time.
As I earn and/or get burned, I would see the process for myself in more detail, and I would definitely learn and grow.
I embrace the possibility of getting burned. I’ve come to the conclusion that there is never a 100% guarantee of return in any investment we make. But even if I do accept this, I also admit I made another mistake – See, Naval also pointed out 2 ways NOT to get wealthy; First mistake is for us to believe that trading time for money will make us wealthy. Sure, it’ll make us money, but the chances are too high for us to actually get wealthy from giving up our time. The risks are not worth the reward.
Second mistake, where I’m sure I stumbled was to try to move too fast and too soon. Sure, I could have waited and done more research… But there may have been some fear of missing out that pushed me to act – well, traces of it anyway, but I won’t admit that it was the most significant driving force. No, I guess I was just wanting to see how it would all turn out, and I wouldn’t know until I took the first step.
Now that I think about it, sure, I may have been hasty in jumping into these ventures, but I wouldn’t say I was on a roll in being reckless – I could have easily added more capital to these ventures as I saw some small movements, but I didn’t, saying I would observe how it all works in a longer span of time. I could have also jumped into other ventures, but by God’s grace I decided to hold out – again, to see how what I currently have in place would work.
Besides, it’s the weekend, and I should be devoting more time to the creation of my message for tomorrow – the gist of this said message will be in a separate post.
I’m tired, but before I wrap this up and post, I just have to say it’s definitely a good thing to understand that we can write and unload our minds, meditating in a way, without the need to feel good before we do it, and without the need to be in the right environment before we express something of value.
I’m tempted to post my message for tomorrow to cover my thousand-word quota for that day, but I’m pretty sure I will have a lot to say – even as I scramble to finalize my message, I’m pretty sure I can catch some wayward thoughts which need to be brought into the light.
Friends, I’m thankful for you making it with me this far. I see no benefit for you in reading all this, but I pray that you are doing well, and that you are healthy, safe, and strong.
God bless us all.