BAYANGIN SEMUA ORANG TAHU Cara Muter UANG Ini Dari Dulu

Summary

In this transcript, the speaker discusses the idea of using an initial capital of IDR 100 million for investments or business ventures. The speaker reflects on their personal journey of creating digital products, particularly focusing on low marginal cost products like digital downloads and online classes. They emphasize the value of digital products for scalability and highlight their experiences with creating and selling digital content. The speaker also touches on the importance of matching investment strategies to one's goals, whether for short-term or long-term objectives, and provides advice on handling capital with minimal risk.

Takeaways

• 😀 Digital products have low marginal costs, making them scalable with minimal capital investment.
• 😀 If Radit had IDR 100 million in his 20s, he would use part of it as capital to start a business, especially if he had a business idea.
• 😀 A digital product, such as an e-course or digital download, is easier to scale and requires less capital than physical products.
• 😀 Radit emphasizes the importance of creating products with minimal additional costs for each unit sold.
• 😀 Radit’s experience with digital products, including comedy downloads and writing classes, has shown significant revenue potential.
• 😀 Membership-based models are also a great digital product strategy with scalable opportunities.
• 😀 Radit spent about IDR 10 million to IDR 15 million on courses to learn how to create music and earn royalties, showcasing the potential of personal development and digital products.
• 😀 Digital product creation is aligned with passion, and capital can be used to invest in skills and knowledge to produce such products.
• 😀 If you're investing IDR 100 million, it’s essential to match the investment choice with your financial goals, such as short-term or long-term objectives.
• 😀 For short-term goals (e.g., a holiday), consider low-risk options like deposits or money market mutual funds, while for long-term goals (e.g., retirement), stocks or mutual funds are more suitable.

Q & A

What does Radit suggest doing with the first IDR 100 million?

Radit suggests using the money either as capital for a business or as an investment. He emphasizes that the choice depends on having a business idea and the goals you have for the money.

Why does Radit believe digital products are a good option for investment?

Radit believes digital products are a good option because they have low marginal costs, meaning that the cost of producing one additional product is minimal. This makes them scalable, especially with minimal initial capital.

What is the connection between Radit’s YouTube experience and his business ideas?

Radit’s YouTube experience opened his eyes to the potential of creating digital products. Watching a video on how to make money by creating products with near-zero marginal costs inspired him to pursue digital products.

What type of digital products did Radit create, and what were the results?

Radit created digital products such as stand-up comedy downloads and writing classes. He found that these digital products generated significant revenue, especially the writing classes, which combined digital delivery with his time.

How does Radit view membership as a digital product?

Radit sees membership as another form of digital product. He believes that it has great potential and wants to work seriously on it, viewing it as a way to build a sustainable business model.

What advice does Radit give regarding investment with IDR 100 million?

Radit advises that if you're risk-averse, you should consider creating a digital product with the capital. He shares his own experience of spending money on online classes to learn new skills, which eventually led to earning royalties.

What kind of courses did Radit invest in, and how did they help him?

Radit invested in online courses about song creation. Although he wasn't initially skilled in this area, the courses helped him learn, and he was able to earn royalties from his work, which turned out to be a profitable investment.

What does Radit mean by matching investment instruments to personal goals?

Radit suggests that investment decisions should align with your goals. For short-term goals like vacations, lower-risk options like deposits or money market mutual funds are ideal. For long-term goals, like retirement, higher-risk options such as stocks or mutual funds are more appropriate.

How does Radit approach tax calculations in relation to investments?

Radit emphasizes that understanding how to reduce taxes is important when investing, particularly when dealing with stocks. Proper tax calculations can impact the profitability of investments.

What is Radit’s final takeaway regarding investments?

Radit’s final takeaway is that investments should be aligned with the individual’s goals. Whether you're aiming for short-term gains or long-term growth, choosing the right instrument based on your goals is crucial.