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3000 rep - Change your life - (Part 1: Money)

Discussion in 'BlackHat Lounge' started by bk071, Mar 11, 2013.

  1. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    I just noticed that I have now 3000+ rep points... woot :p
    This isn't anything to brag about and doesn't mean anything but I figured I should post something useful that will benefit the BHW community.
    Instead of posting a 'method' or something, I'll just post what comes to my mind that I think would be useful for at least a few people.

    Disclaimer: Following is the expression of my thoughts and feelings and I know some of you will disagree with some points which is absolutely fine by me... Just don't post useless stuff in the thread because honestly, I don't have the time to argue with anyone, neither do I need to prove anything. If you agree with what I say, thanks for agreeing lol.


    Money


    Making money:

    Making money isn't hard in itself... What's hard is to earn it doing something worth devoting one's life to.

    There are only 4 ways to make money?
    1) The ?good?, slow way
    2) The bad, fast way
    3) The smart (slow/fast) way

    The good/slow way:

    Here?s how it looks:
    Go to school > go to college > get a degree > get a job > work 9 to 5 > deal with your arrogant boss everyday > live hand to mouth for $3000 a month
    That is what, according to 99% of the people on this planet, is the ?good? way to make money.

    The bad/fast way:

    Here?s how it looks:
    Rob people > make money
    That?s what a lot of people who want to ?get rich quick? do and most of them end up being in jail? for 1 month, 6 months, or even for life.
    I wouldn?t recommend doing that? First, you?re putting yourself in massive trouble. Second, you?re just causing someone like you harm to do yourself good. While many would think ?who the fuck cares? but well I fucking do. Imagine if everyone on earth became like that.

    The smart (slow OR fast) way:

    Work for yourself, wake up whenever you want, go to sleep whenever you want, live wherever you want, and do whatever you want? because you?re free!

    They call us Entrepreneurs!

    This is the way to go. How? Well possibilities are endless. Do you want to become a web developer and develop your own websites for your own business? Are you good at something and want to monetize your skill but don?t want to go the ?Good slow? route? Become and entrepreneur and start your own business.

    This usually takes more brain power since you have to make big decisions, a lot of time have to deal with situations when you have no money left, no house, no car but just a burning desire to DO IT!

    The advantage of this is, you are not causing harm to anyone, are not screwing anyone and are still making money extremely quickly (provided you know what you?re doing).
    That said, remember You can't produce a baby in one month by getting nine women pregnant.
    Good things come at a price... it can be money, time or both (in most cases).

    Which one should I choose?
    Whichever you want. Ask yourself, make a decision and stick to it! Do not force yourself to be something you don't wanna be just because there's more money in it. Follow your instinct and do what you love to do... And you'll succeed!

    Making money fast...
    I'll keep this short and simple... you should always look at things from a long term stand point. But if you're completely broke, focus on short term projects that will put money in your pocket quickly. And once you start making some money, invest into your longer term projects... which brings us to:


    Spending Money:

    Don?t spend. INVEST! Enough said.

    What to invest in? Well if you?re smart enough to make money on your own with no college education, no ?coaching? from some so called guru, then you?re smart enough to look for opportunities to invest your money in.

    There are tons of things? real estate, startups, scaling your own business by hiring more people or spending more money on advertising etc? Seriously, just look around you and follow your instinct.

    Warning : Don?t fall for things like this or this?. I know investments are risky but a little due diligence and common sense would go a long way.
    A general rule of thumb is : If something sounds too good to be true, it probably is.

    Also, many of you will be thinking ?well, whats the point of making all that money if I can?t spend it on buying cars or expensive phones or.. hookers for that matter??

    Good question? well the point is, when you?re starting out and are tight on cash, don?t spend on things like exotic vacations or cars or phones. It would be stupid if you make your first $1000 in a month and right after you get the money in your bank, you order an iphone + some accessories and blow all of that right there.

    The right way of doing things is set a goal e.g. $6000/mo recurring? and until your reach that goal, don?t waste money on stuff you don?t need. Once you are there making $6000 a month, now you can buy a new phone... But again, always invest 30-40% of what you make back in your business to keep growing your bank account.

    Alright guys, thats it for now.
    I'll keep posting threads in this series over time... there will be 4-5 threads. Watch this space ;)

     
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  2. mseostrategy

    mseostrategy BANNED BANNED

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    Slow and steady wins the race...Thanks
     
  3. mervat

    mervat BANNED BANNED

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    Great Post
    I Love investing my Money, before i spend one dollar i will do whatever it takes to make it 2 before spending it.
    Again Thanks
     
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  4. MadMaddy

    MadMaddy Junior Member

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    This Post may be a life changing one !

    Thanks bk071
     
  5. Seo Lover

    Seo Lover Jr. Executive VIP Jr. VIP Premium Member

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    Congrats bro

    BTW how are you now ?

    Catching you on skype
     
  6. GiorgioB

    GiorgioB Supreme Member

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    Great post full of common sense.. something that alot of over-eager people here lack..

    Thanks for your awesome contributions BK, will be watching this space;..
     
  7. Killix

    Killix BANNED BANNED

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    sweet post bro, and gratz on the rep :)
     
  8. HostStage

    HostStage Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    I really wonder which path you took with your Breaking Bad avatar!! Haha !! Stay safe buddy!

    Joke aside, congratulations for your 3K rep.

    Rep Increased by 0.5% ;).
     
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  9. zebrahat

    zebrahat Elite Member

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    Always good to get a "big picture" post that puts all the tactics and methods in perspective. Are you proceeding smartly, while living life the way you want it? Are you setting goals or targets, and holding yourself to them? Keep motivated, and keep on track!

    I would add that 3000+ rep points means something, and that you've earned them.
     
  10. SeoWrecker

    SeoWrecker Jr. VIP Jr. VIP Premium Member

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    great post :) will help a lot of ppl out here
     
  11. service hub

    service hub BANNED BANNED

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    Good post brother ...to make a wise decision
     
  12. The SEO

    The SEO Jr. VIP Jr. VIP Premium Member

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  13. bertbaby

    bertbaby Elite Member

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    "The smart (slow OR fast) way:

    Work for yourself, wake up whenever you want, go to sleep whenever you want, live wherever you want, and do whatever you want... because you're free!"

    Or like I always say it never pays to build your sand castles on another man's beach which is what you are doing when you work for someone other than yourself.
     
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  14. lakim0

    lakim0 BANNED BANNED

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    One advice from me : never reveal your earnings, even to your closest ones. I don't know why, but it always leaves a negative effect.
     
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  15. back2form

    back2form Jr. VIP Jr. VIP Premium Member

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    Congrats for your 3000 reps :) Keep up the good work!


    Cheers!
    Bart
     
  16. freezeice04

    freezeice04 Power Member

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    How in the world did you get 3000 rep? o_O HUGE congratz man thats quite an achievement.
     
  17. xashishx

    xashishx Regular Member

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    The amount of motivation I recieved from this post is really huge :) :p Brilliant way to think about things mate :) I will be eagerly waiting for more of your parts to come :)

    Thanks!
     
  18. incognito876

    incognito876 Regular Member

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    BHW is such a vast community with so many awesome members that it's understandable that sometimes you read a great post written by someone you have never noticed before even when you've both been on the forum for some time - albeit not a very regular member like me.

    But once you've been lucky enough to stumble across an awesome post by a member, their posts always seem to stand out for you after that and you make a point of reading anything they post.

    I hadn't noticed bk071 until April 2012 when google's new pet bird, the penguin, decided to shit on my two small-earning sites and blow away my $600 a month earnings in one foul swoop. Not a lot of money I know, but money that was desperately needed in our home at the time.

    I wouldn't have thought at the time that anything would make me smile, let alone laugh so hard I cried, but bk071 managed.

    http://www.youtube.com/watch?v=0St9B1kmJ2g

    I still look at it now whenever I need cheering up. Thanks so much for that bk071 and for all the interesting posts from you I have since read :)
     
    Last edited: Mar 11, 2013
  19. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Thanks everyone for the kind words.
    And yes, I'll be posting the next part soon.
     
  20. WizGizmo

    WizGizmo Super Moderator Staff Member Premium Member

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    Congratulations Sarim! . . . Definitely one of the good guys on BHW. :)

    Cheers! - "Wiz"
     
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