Money has the power to buy you things. But a much bigger power of money is in generating more money for you. Those who can manifest the latter, are never short of it.

We were not created to work hard all the time just to fulfill our basic needs.We were blessed with all the essential resources that are required to live contentedly and comfortably.

The demands of life and society have blindsided us to our capabilities and the resources accessible to us. We have become stuck in the routine of working, eating, sleeping, and repeating the same cycle again and again.

Society Made Life Complicated

DON'T CHASE ; ATTRACT !

Many of us spend a significant amount of time chasing money, investing all our energy into working hard and appearing successful.

Drop The Facade & Release Social Standards!

However, despite all of this effort, we still feel unhappy. We find ourselves trapped in a programmed lifestyle that forces us to constantly hustle and bustle, causing us to miss out on the important things in life.

It's Easier Than You Think

<ul><li>Amazon Kindle Direct publishing — make money off of your published ebooks</li><li>Stocks . Please don't just hop in. Do your research first.</li><li>Money from hobbies and crafts </li><li>Real estate investing </li><li>Writing blogs or adding content to platforms that pay per-view. Content creation is big right now. </li><li>YouTube videos. Let those views make you money.</li><li>Create an app. It's easier than you think.</li><li>Know a lot about something? Create a course.</li></ul>The possibilities are endless. Take your time and find what works for you.

The greater the passive income you can build, the freer you will become.

But a much bigger power of money is in generating more money for you. . “Work Smarter, not Harder —  Attracting a Passive Income” is published by The Beautiful Mystic in New Earth Consciousness.

moneyandinvestments

Money & Investments

motivationandinspiration

Motivation & Inspiration

education

Learning & Education

entrepreneurship

Entrepreneurship

business

Business

Work Smarter, not Harder —  Attracting a Passive Income

The model consists of two very important things, both of which are never going to die.<ul><li class="ql-align-justify">Social Media — Content Creation</li><li class="ql-align-justify">eCommerce — Dropshipping</li></ul>The demand for more relatable content will never die. The demand for relatable products will never die.Thanks to the internet, both of the businesses can now be run while sitting on the couch

The Business Model

The only common thing in every guy making $10k per month is that they post content online.<ul><li>Pick any niche you love & binge watch it</li><li>Take out clips from the videos that you think are good</li><li>Edit those clips with subtitles and flashy animations and sound effects</li><li>Put those clips on Instagram, TikTok & YouTube</li></ul>The worst case scenario is that you might not earn money in the next 6 months but you’ll have an audience to sell to & you’ll improve at what you love.

Build a Brand

Your niche doesn’t have to be the most famous niche. The famous niche never works. The niche you love works all the time.<ul><li class="ql-align-justify">Open the YouTube App</li><li class="ql-align-justify">See your search & watch history</li><li class="ql-align-justify">The thing you watched a lot about is the thing you are interested in</li><li class="ql-align-justify">Use your already available knowledge of that area of interest and put content online. </li></ul>You could be interested in books, learning physics & maths or medicine & law. Whatever it is, just post content online related to that and build your personal brand.

Pick a niche

If you post consistently for 3–4 months, you’ll have gained a decent sized audience to monetize.<ul><li class="ql-align-justify">Run ads on your profiles</li><li class="ql-align-justify">Do paid promotion for products or people related to your niche</li><li class="ql-align-justify">Try affiliate marketing</li></ul>

Making Money with Brand

Whatever you have built your brand around, you can now start selling products in that niche.If you are into self-help niche, then you can open a dropshipping store for books. Just make sure it actually solves a problem.Once you setup your store, go ahead and start promoting your products to an already existing audience that is loyal to you and trusts you, so they are more likely to buy from you rather than someone who paid for the ads for their bookstore.

Dropshipping

Post 2–3 times a week and use the best strategies. Do this for 6 months and you’ll have a business that might be enough for you to quit your full time job.Pray to Allah for success, do dhikr. If you succeed then well and good, and if you don’t you’ll improve. There’s no way you don’t succeed if you work consistently📚If this article helped you, then I’m sure <a href="https://binsletter.beehiiv.com/subscribe">my free weekly newsletter</a> will help you a lot in growing and gaining clarity every week to stay strong💪

Be consistent

Your guide to earning $10k in the next 6 months

personaldevelopment

Personal Development

How to make $10,000 in the next 6 months

Many innovations fail because consumers irrationally overvalue the old, while the companies irrationally overvalue the new.

Some associate the success of a product with the level of usage it brings, some associate it to the R&D, some with marketing and others with price. However, Nir Eyal associates the success of a product to the measure of how hooked it get the users.

So What Is A Successful Product?

When we talk about the iPhone, Instagram, or Facebook being the most successful products in the world, the reason is not just because the products were the first of their kind, in fact, the main cause of their success is that they helped us form habits. Most of the consumers today believe they can’t live without their smartphones. Same goes for the social media sites which got us so hooked that we have started posting everything we are doing on these sites.

What Makes A Product Successful?

So what’s the benefits of these habit forming products? Well, as we cannot break these habits, we get so involved that we inevitably become life-long loyal fans of these products. You may have witnessed the queues outside the Apple Stores whenever there is a new iPhone being launched. Another great benefit of the habit forming products is that they get you so hooked that you’d be willing to pay a premium price to have them. Even if iPhones get (even more) expensive, the iPhone loyal (and royal) users are still going to buy them.

Habits Make Customers

How do these habit forming products reward you? Well, for one, they help you experience a feeling non habit-forming products can’t offer. For example, the infinite scroll on TikTok, Facebook or Instagram are designed so you are always excited (and interested) about something interesting to be discovered. But you won’t always find that something “interesting” and that may be by design.

Variable Rewards Are The Key Element

Why would you find a funny video in your newsfeed one day but may not find another one in the next few sessions? Well, that is because finding something worthy gives you a dopamine hit. The companies don’t want you to get fully resistant to that dopamine hit so they keep offering variable rewards which means you may sometimes discover a reward immediately but may not at other times. This keeps your interest in the product and the discovery of that reward consistent which in turn helps the company get better retention from you. You can also get different rewards to be hooked to the product.

Variable Rewards Means You May Sometimes Not Get A Reward

The unsurprising response of your fridge light turning on when you open the door doesn't drive you to keep opening it again and again.However, add some variability to the mix - say a different treat magically appears in your fridge every time you open it — and voila, intrigue is created.

You don’t have to not offer the rewards to your users. In fact, you can design a mix of different rewards so the experience can stay fresh. For example, if you have a fitness product, you can maybe offer a free blog on living longer, a free video from a beloved fitness guru, or badges to be shared on the social media once a user achieves a milestone. Maintaining a mix of rewards is going to help you keep your users engaged.

Keep Changing Your Rewards

Ethical and moral responsibility holds the most importance when it comes to habit-forming product. You do not want to turn your users into addicts as that can literally destroy their lives. For that, Nir Eyal suggests using two approaches:1- The product should improve the users’ lives significantly.1- The developers should imagine themselves or even their loved ones using the products to estimate the consequences of the habit forming. Change lives for the betterment of it not because it makes you money and you can have both wealth and satisfaction.

Hooked But Not Addicted

Ian Bogost, the famed game creator and professor, calls the wave of habit-forming technologies the 'cigarette of this century' and warns of their equally addictive and potentiallydestructive side - effects.

Lastly, books like Hooked, Influence, Contagious, Buyology and others of the likes gives you great understanding of the consumers’ minds but it also means that you need to be very responsible in leveraging this information. The wrong habit-forming product can literally destroy lives and you wouldn’t want that on your conscience. Make sure your product makes your users happy as well as help them achieve a better quality of life.

Hooked shows us how different products are designed to make us form habits and how you can achieve the same level of habit forming behaviour for your products.

Revised and Updated, Featuring a New Case Study How do successful companies create products people can’t put down? Why do some products capture widespread attention while others flop? What makes us engage with certain products out of sheer habit? Is there a pattern underlying how technologies hook us?Nir Eyal answers these questions (and many more) by explaining the Hook Model—a four-step process embedded into the products of many successful companies to subtly encourage customer behavior. Through consecutive “hook cycles,” these products reach their ultimate goal of bringing users back again and again without depending on costly advertising or aggressive messaging.Hooked is based on Eyal’s years of research, consulting, and practical experience. He wrote the book he wished had been available to him as a start-up founder—not abstract theory, but a how-to guide for building better products. Hooked is written for product managers, designers, marketers, start-up founders, and anyone who seeks to understand how products influence our behavior.Eyal provides readers with:• Practical insights to create user habits that stick. • Actionable steps for building products people love.• Fascinating examples from the iPhone to Twitter, Pinterest to the Bible App, and many other habit-forming products.

Understand yourself and those around you.

psychology

Psychology

marketingandsales

Marketing & Sales

books

Books

product

Product & Design

Nir Eyal is an accomplished writer whose work has resonated with readers around the world. Nir Eyal has published several books that explore a range of topics, from fiction to nonfiction, and has received critical acclaim for the ability to weave compelling narratives. Nir Eyal's writing style is known for its depth and authenticity, and has earned quite a loyal following of readers.

Nir Eyal

Hooked

A dilemma is a situation requiring a choice among alternatives or options, none of which is ideal or perhaps even desirable. No matter which option is selected, there will be undesirable consequences.

There are 5 dilemmas in Entrepreneurship Pedagogy

Having a structured environment is easier for both the entrepreneurship educators and students, but it creates an artificial academic environment that bears little resemblance to the uncertain and even chaotic environment within which entrepreneurs must operate. This will undermine students’ entrepreneurial training and can lead to inaccurate perceptions of entrepreneurial careers.

#1 Pedagogical Structure < -- > Experience with Uncertainty and Ambiguity

Entrepreneurship educators face a dilemma in deciding if the learning environment should be more unstructured or not.

Giving realistic feedback to entrepreneurship students will help them address their weaknesses but this may affect their self-efficacy and confidence in starting a business.

#2 Entrepreneurial Self-Efficacy < -- > Realistic Feedback

Entrepreneurship educators face a dilemma in deciding how much honest feedback they should give to their students.

Entrepreneurship education needs to be anchored in real world environments (Edelman, Manolova, & Brush, 2008), but university-level education is generally less vocational.

#3 Practicality < -- > Universality

Entrepreneurship educators can cover practical topics to better prepare students for an entrepreneurial career and lower the threshold for starting their first business, but it is difficult for an instructor to be well-versed in all of domains of practical entrepreneurship knowledge.

Entrepreneurship educators face a dilemma in deciding if their teaching should be more practical or universal.

Entrepreneurs often copy the success of others. Imitation is an important, valid, and (usually) ethical technique employed by entrepreneurs. But the risk for entrepreneurs in imitating the success of others is that they may not fully understand how that success was achieved.

#4 Imitation Skill < -- > Understanding

Students generally do not have a full understanding of that which they are copying. Unlike entrepreneurs, they do not have access to “real world” feedback to guide trial and error learning.

Entrepreneurship educators face a dilemma in deciding how much to encourage and facilitate imitation.

Entrepreneurship educators face a dilemma in deciding whether or not to encourage students to become entrepreneurs.

#5 Fostering Entrepreneurial Preferences < -- > Finding Entrepreneurial Preferences

If entrepreneurship educators encourage all students to become entrepreneurs, then they may direct some students to careers that are not right for them.

Powell, B. c. (2013). Dilemmas in Entrepreneurship Pedagogy, Journal of Entrepreneurship Education, vol. 16, pp.99–112

startup

Startups

There no longer has to be a difference between who you are and what you do.

You may already know Gary Vaynerchuk. He is currently a very influential personality on X, Youtube and other platforms. He also runs a social media and digital marketing agency called Vaynermedia. He also likes to speak frequently at social media conferences.

Who Is Gary Vaynerchuk?

Before Gary Vaynerchuk became a digital marketing expert, he used to work on his family wine business. He used digital platforms such as Google Ads to grow his business massively. Gary started Vaynermedia in 2009, which is the same time when he wrote this book. The purpose behind this book is to help everyone turn their passion into profitable project using digital channels and platforms. Read on to learn what Gary has to share with you from his experiences in growing his own business.

The Purpose Of This Book?

If you don’t know what you are passionate about, you need to find it. Try to find what you love doing for a long time without losing the interest. Let’s day you love gardening, for some, it may be hard to figure out how to make it profitable. But that is exactly what Gary is here to teach you.

Become A Brand Before Growing A Brand

Now that you have found your passion and are ready to turn it profitable, you need to become a personal brand. Gary Vaynerchuk didn’t become a digital marketing influencer by talking about digital marketing directly. In fact, he started by taking about wine business on YouTube. It wasn’t an overnight success but eventually, people started knowing him as the loud guy passionate about wine. That’s when he knew he’d turned himself into a brand.

Once You Have Figured Out Your Passion, It’s Time To Earn Money

Developing your personal brand is the same thing as living and breathing your resume.

Would you ever buy something from a store if that store was found to be involved in corruption, stealing or charging over-prices? Of course not right? Well, same is the case when turning yourself into a brand. You need to protect your reputation and give people value that can really help them. Be authentic, don’t try to copy others as copycats aren’t always successful. Be yourself and give a genuinely good experience to your audience.

Become A People Brand And Protect Your Reputation

What a time to be alive right? You have the whole world at your disposal within just a few social media apps. However, you need to understand what medium suits your personality as well. For example, if you love summarising things, try joining and sharing on X (previously twitter). Or if you love sharing infographics, Pinterest may be the way to go. Or if you love writing long form content, you can start sharing on Medium. It might also depend on your personality being intro or extrovert. Extroverts may be more comfortable with video/audio format while introverts with writing.

Choose A Medium That Suits Your Personality

Faking it till you make it may be true in other areas of life, it may not work well when establishing yourself on social media channels. For example, Gary Vaynerchuk swears a lot and is loud. If he wanted to fake by toning down, he might just have been ignored by his audience who loves him for being who he is.

Channel Finalised? Now Be Authentic

Do the same. Many are trying to imitate others, if you become another, you may never be noticed. So be authentic and be yourself. You may not get a very large following by being yourself, but your audience will resonate with you and love you for who you. That’s where the value is. Do know that being authentic means that it might take you a bit longer to gather a large audience but if you keep working on yourself and your content, they will eventually take notice of you and start following you.

Be Genuine

And lastly, I believe with new platforms gaining traction everyday, you always have the opportunity to start from zero and make your place in a short time. Try to find the platform you love sharing the most, and just start sharing something you love and think your audience will love you for sharing with them.

Learn how Digital Marketing expert Gary Vaynerchuk can help you turn yourself into a brand by using social media and see your financial status improve.

Do you have a hobby you wish you could indulge in all day? An obsession that keeps you up at night? Now is the perfect time to take that passion and make a living doing what you love. In Crush It! Why NOW Is the Time to Cash In on Your Passion, Gary Vaynerchuk shows you how to use the power of the Internet to turn your real interests into real businesses. Gary spent years building his family business from a local wine shop into a national industry leader. Then one day he turned on a video camera, and by using the secrets revealed here, transformed his entire life and earning potential by building his personal brand. By the end of this book, readers will have learned how to harness the power of the Internet to make their entrepreneurial dreams come true. Step by step, Crush It! is the ultimate driver’s manual for modern business.

Gary Vaynerchuk

Crush It!

Success is 99% failure. Success represents the 1% of your work which results from the 99% that is called failure.

productivity

Productivity

Honda

The way successful VCs make decisions is different from the way traditional corporations do: They use what we call the venture mindset. One of its hallmarks is a high level of comfort with failure. VCs expect up to 80% of their investments to fail. This is a feature—not a bug—of their business model. The investment thesis is that even if 19 of 20 start-ups fail, 1 investment will be a home run and cover the losses from all the failures combined—and then some. In other words, home runs matter; strikeouts don’t.

Home Runs Matter; StrikeOuts Don’t.

VCs don’t worry about protecting capital from failures and losses. They fear missing out on an opportunity that might change the destiny of a company or an entire sector. As Alex Rampell of venture firm Andreessen Horowitz (a16z) told us, “In the VC world, errors of omission are much more damaging than errors of commission.” Bill Gurley of Benchmark Capital echoed that sentiment in a Vox interview: “If you invest in something that doesn’t work, you lose 1x your money. If you miss Google, you lose 10,000x your money,” he said. VCs don’t seek common denominators; they look for outliers.

Errors Of Omission Are More Damaging Than Errors Of Commission

“If you invest in something that doesn’t work, you lose 1x your money. If you miss Google, you lose 10,000x your money.”

Venture capitalists’ unique approach to investment and innovation has played a pivotal role in launching one-fifth of the largest U.S. public companies. And three-quarters of the largest U.S. companies founded in the past 50 years would not have existed or achieved their current scale without VC support. The question is, Why? What makes venture firms so good at finding start-ups that go on to achieve tremendous success? What skills do they have that experienced, networked, and powerful large corporations lack? The authors’ research reveals that the venture mindset is characterized by several principles: the individual over the group, disagreement over consensus, exceptions over dogma, and agility over bureaucracy. This article offers guidance to traditional firms in using the VC mindset to spur innovation.

corporateculture

Corporate Culture

leadershipandmanagement

Leadership & Management

Make Decisions with a VC Mindset

In the ever-changing landscape of both "Fallout" and the market, the ability to adapt to new conditions, like resource scarcity, determines survival and success. Businesses must pivot strategies when the market shifts to remain competitive.

Adaptability is Key

Success in business is not about predicting the future, but about being able to quickly adapt to it. The market will always be a moving target, and the ability to pivot and evolve is what keeps you ahead.

Just as players craft new items or solutions from scarce resources, businesses that innovate create value and carve out niches in the market, often leading to significant competitive advantages.

Innovation Drives Progress

"Innovation is the central issue in economic prosperity. It's not just about new ideas, but about the practical application of those ideas to improve our lives. Without innovation, progress stalls."

The value of items in "Fallout" fluctuates based on scarcity and necessity, mirroring real-world economics. Understanding and anticipating market demand can lead to profitable opportunities.

Supply and Demand Rule

"The law of supply and demand is more than a simple economic principle; it is the heartbeat of the market, dictating the rhythm of production, pricing, and availability. Mastering it is akin to understanding the language of business."

Managing limited resources wisely is crucial in "Fallout" and business. Allocating resources effectively can mean the difference between thriving and failing.

Efficient Resource Management

"Efficient resource management is the cornerstone of business success. It's about doing more with less, ensuring every asset is leveraged to its fullest potential for maximum impact."

Aligning with the right factions or groups in the game can provide benefits and support. Similarly, strategic business partnerships can open up new markets and opportunities.

Strategic Partnerships

"Strategic partnerships are the bridges between what is and what can be. They are a testament to the power of collaboration, multiplying the strengths of each partner to achieve shared success beyond individual capabilities."

Choices in "Fallout" often come with moral implications. In business, ethical practices can build long-term trust and loyalty among consumers, while unethical practices can lead to downfall.

Ethical Considerations Matter

"Ethics in business is not just a moral compass, but a competitive advantage. It builds trust, enhances brand reputation, and sustains long-term relationships with customers and stakeholders."

Venturing into unknown territories in "Fallout" can yield high rewards but also high risks. In business, taking calculated risks is often necessary for growth and innovation.

Risk and Reward

"In the world of business, the balance between risk and reward is delicate and crucial. Taking calculated risks is the fuel for growth and innovation, a leap into the unknown with the promise of great rewards."

These lessons from "Fallout" illustrate the importance of adaptability, innovation, understanding market dynamics, efficient resource management, strategic alliances, ethical decision-making, and risk management in navigating the complexities of capitalism.

The Conclusion

"Fallout" offers several insightful takeaways on capitalism through its post-apocalyptic setting, which can be applied to real-world economic.

Discover the world of business and economics.

economics

Economics

strategy

Strategy

Fallout : The Post-Apocalypse Capitalism Manifesto

The way to get started is to quit talking and begin doing.

Don't be afraid to give up the good to go for the great

Innovation distinguishes between a leader and a follower

The only way to do great work is to love what you do

If you really look close, most overnight successes took a very long time

In the business world, everyone is surrounded by sharks. The only competitive advantage a small company has with a big one is it can turn on a dime

If you're not embarrassed by the first version of your product, you've launched too late.

The biggest risk is not taking any risk... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks.

Failure is simply the opportunity to begin again, this time more intelligently.

The important thing is not to stop questioning. Curiosity has its own reason for existing

The secret of successful hiring is this: look for the three qualities that are hard to find - integrity, intelligence, and energy - and if you can't find them all in one person, hire three people.

You don't build a future by worrying about what happened yesterday.

Adversity introduces a man to himself.

Everyone hears noises; a few listen.

The critical ingredient is getting up and doing something. It's by far more important than having an idea or a plan.

If you're not a risk taker, you should get out of business.

The ones who are crazy enough to think they can change the world, are the ones who do.

Don't be afraid to give up the good to go for the great.

If you need to become a master at something, you need to be able to surround yourself with everything related to that "something" only.

I have not failed. I've just found 10,000 ways that won't work.

From the greatest minds ever, I bring to you 19 quotes that will lead you to success.

19 Quotes to Lead Your Way to Success

The poor and the middle class work for money. The rich have money work for them.

Understand that assets put money in your pocket, while liabilities take money out. Invest in assets like stocks, real estate, or businesses that generate income, rather than liabilities like cars or consumer goods that depreciate in value.

Differentiate between assets and liabilities

Look for investments that provide ongoing cash flow, such as rental properties, dividend-paying stocks, or royalties from intellectual property. This way, your money can work for you even when you’re not actively working.

Invest in assets that generate passive income

Continuously educate yourself about personal finance, investing, and entrepreneurship. Read books, attend seminars, and seek out mentors who can provide valuable insights and guidance.

Understand the power of financial education

"An intelligent person hires people who are more intelligent than he is"

Don’t be afraid to take risks, but make sure they’re informed and calculated. If you encounter setbacks or failures, treat them as learning experiences and use them to grow and improve your financial knowledge and decision-making skills.

Take calculated risks and learn from failures

Develop a deep understanding of financial concepts such as compound interest, tax strategies, and asset allocation. The more you know about how money works, the better equipped you’ll be to make smart financial decisions.

Focus on increasing your financial intelligence

Stay curious and open-minded, and always be on the lookout for new opportunities to expand your wealth-building knowledge and skills.

Embrace the mindset of continuous learning and growth

Look for ways to create value and generate income outside of traditional employment. This could involve starting a side business, freelancing, or investing in ventures that have the potential for high returns.

Start thinking like an entrepreneur, not just an employee

Keep track of your income and expenses, and strive to maintain a positive cash flow by maximizing income and minimizing expenses. This will help you build wealth over time and weather financial downturns more effectively.

Learn to manage your cash flow effectively

Teachings for understanding and succeeding financially.

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

Rich Dad, Poor Dad

Find 100+ Facts about Entrepreneurship - Curated from inspiring sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!

Work Smarter, not Harder — Attracting a Passive Income