My first $10k month as an entrepreneur

Summary

In this video, the creator celebrates hitting $10,000 in monthly revenue for the first time as an entrepreneur. They recount their journey, noting a 70-80% profit margin and the realization that addiction, not innate talent, is the key to success. The creator reflects on their past skepticism towards online income claims and how they've since discovered the power of becoming addicted to productive activities, such as making money. They emphasize that anyone can achieve their goals by finding a way to become addicted to the right things, challenging the viewer to consider how they can apply this mindset to their own pursuits.

Takeaways

• 🎯 The speaker achieved their first $10,000 month as an entrepreneur, marking a significant milestone in their business journey.
• 💼 They have a high profit margin, estimating around 70-80%, which indicates a healthy and sustainable business model.
• 📈 The speaker realized the potential to reach $10K about two weeks prior and decided to document the experience, highlighting the importance of goal setting and tracking.
• 🚗 Despite the financial success, the speaker chose to live a more modest lifestyle, including selling their car due to its unnecessary expenses, demonstrating the value of financial prudence.
• 🏡 The speaker's lifestyle hasn't changed significantly with the increase in income, emphasizing the importance of maintaining personal values and lifestyle choices.
• 💡 The key to the speaker's success was the realization that addiction to the right activities can lead to success, challenging the traditional notion of discipline and dedication.
• 🎮 The speaker's experiences with video games and fantasy sports showed that addiction to enjoyable activities can translate into success in other areas of life.
• 💼 The speaker's transformation from a self-proclaimed 'lazy' person to a successful entrepreneur was driven by shifting their addictive tendencies towards productive activities.
• 🚀 The speaker encourages viewers to find ways to become addicted to productive behaviors, such as making money, which can lead to significant life improvements.
• 🌟 The speaker's story is a testament to the power of self-belief and the ability to change one's mindset and habits to achieve personal and professional goals.

Q & A

What was the speaker's initial reaction to seeing videos of people making large amounts of money online?

The speaker initially thought those videos were scams, believed the people in them were liars trying to sell something, or that the success stories were outdated, oversaturated, or due to luck.

How much money did the speaker make in their first 10K month as an entrepreneur?

The speaker made $10,862.19 in revenue for the month, with an approximate profit of just over $10,000 after accounting for a 70% profit margin.

What was the speaker's mindset before they started making significant money?

The speaker considered themselves lazy, with no dedication or discipline, and believed they were not capable of becoming successful because they were 'born lazy'.

How did the speaker's perspective on success change over time?

The speaker's perspective changed when they realized that success could be achieved through addiction to the right things, rather than just being born with talent or luck.

What was the speaker's strategy for achieving success in their business?

The speaker found success by becoming addicted to their business, similar to how they became addicted to video games and fantasy basketball, and dedicating significant time and effort to it.

How did the speaker's lifestyle change after achieving financial success?

Despite making more money, the speaker chose to live a less extravagant life, getting rid of their car and opting for walking, biking, or using rideshare services when needed.

What was the speaker's realization about discipline and addiction?

The speaker realized that they were not naturally disciplined or talented, but rather they became good at things they were addicted to, such as video games and fantasy basketball.

Why did the speaker get rid of their car?

The speaker got rid of their car because they realized they didn't need it since they work from home and most places they need to go are within walking distance.

What was the turning point for the speaker in terms of their attitude towards making money?

The turning point was when the speaker understood that they could achieve success by getting addicted to making money, just as they had become addicted to other non-productive activities.

How does the speaker define addiction in the context of their success?

In the context of the speaker's success, addiction is defined as an intense focus and enjoyment of an activity to the point where it consumes a significant amount of time and effort, leading to expertise or success in that area.

What advice does the speaker give to others who want to achieve success?

The speaker advises others to find a way to become addicted to the activities that will lead to their success, such as making money or improving their skills, rather than just pursuing what is enjoyable without a clear goal.