How to Go From 0 to 10.000 USD Per Month - Deepstash

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The key 3 steps

  1. Improve your habits and skills
  2. Increase your productivity with the "monk mode"
  3. Entrepreneurship with business models

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Habits

Habits

These habits are not going to make you more money, they are going to give you more energy.

  1. Sleep well (at least 8 hours per day)
  2. Eat Healthy (you can use meal prep)
  3. Exercise (at least 10min a day, it is not necesary to go to a gym)

Many times we do not start a project because of lack of energy and not because of lack of time.

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Skills

Skills

Responsability. take responsabilities for everything that happen in your life.

Time managment. set your priorities.

Proactivity. be the person who is constantly looking for solutions, not problems.

Deepwork. works for a defined period of time without distractions.

Be real. set goals that really depend on you and not on something else.

perseverance. it is the key if you have no talent.

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Tips

take care of your environment. surround yourself with people who inspire you and push you to improve.

focus on what you can control. avoid feeling bad about something you have no control over.

don't criticize the people you want to become. try to learn from them instead.

don't do things for money. this will only drain your energy and you will end up frustrated.

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Monk mode

Monk mode

This is an extreme productivity strategy for starting a business or a project. It consists of doing a series of things during a certain number of days.

Separate your activities into 2 types: mandatory and optional

  • Mandatory. this includes no drink and cigarettes, exercise daily, turn off notification on your phone
  • Optional. you can add things here according to your objectives (examples: no coffe, meditate, delete social media from your phone)

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How to start monk mode?

How to start monk mode?

  • Defines the number of days
  • Create a document for tracking your progress
  • Even if you fail one day, keep going.

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How to track your progress?

How to track your progress?

You can track your progress with these two applications; the simpler the better (you can also use pen and paper)

  • Loop.
  • Google sheet.

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Business model

Business model

There is no such thing as a good or terrible business; everything relies on the person doing it. It is crucial that you understand your profile and select a business plan in line with your strengths.

a business can be bad for you but good for someone else just as it can be bad for someone else but good for you.

The following is a list of some business models you can use:

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Youtube

Youtube

difficulty: high

investment: 0 usd

Pros: scalable business, several sources of income

Cons: long term

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Affiliate marketing

Affiliate marketing

difficulty: high

investment: 0 - 500 usd

Pros: scalable business, you don't have to worry about delivery

Cons: conditions can be changed at any time

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Amazon FBA

Amazon FBA

difficulty: high

investment: 2500 - 5000 usd

Pros: amazon is your partner and you don't have to worry about delivery

Cons: stock risk, high competition

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E-commerce

E-commerce

difficulty: high

investment: 500 - 5000 usd

Pros: you have full control

Cons: stock risk, high competition

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Infoproducts

Infoproducts

difficulty: high

investment: 500 - 5000 usd

Pros: high margins, very scalable

Cons: you have to expose yourself publicly

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Services

Services

difficulty: high

investment: 0 usd

Pros: high margins

Cons: you exchange time for money, high competition

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Marketing agency

Marketing agency

difficulty: high

investment: 0 - 1000 usd

Pros: high margins, very scalable

Cons: you have to know how to sell, high competition

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Business idea

Business idea

difficulty: high

investment: 0 - infinite usd

Pros: you carry out your own idea

Cons: high risk

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Professional career

Professional career

difficulty: high

investment: 0 - 15000 usd

Pros: stability

Cons: you can't decide who you work with

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When to invest?

  • forget about investments if you are just starting out.
  • the best investment is in your business or project.
  • your greatest asset is your business or project, they will make you more money or you can even sell it.

you can start looking at investments once:

  1. you have a stable source of income
  2. you have built up a safety fund of at least 6 months of work

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CURATED BY

cesargb01

Bolivian 🇧🇴 Engineering student ⚡⚙️

These tips are extremely valuable to me and should be considered when starting a business or project.

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