Making quick money
Hello friends!
First off, thank you for signing up for my newsletter! It’s pretty cool to know that some of you are interested in my thoughts, even in this early, inconsistent, and somewhat messy version before we go full force next quarter. You’re the OGs. ❤
Lately, I’ve been thinking about the difference between making quick money and building something that lasts. If I were to win the lottery today, would I even know how to use it to actually improve my life? And why is it that nearly one-third (1/3) of lottery winners end up broke?
Having money and knowing how to use it are two completely different things. Entrepreneurs who’ve experienced the ups and downs—making money, losing it, and then making it again—often build generational wealth. But those who come into quick money without financial knowledge or a clear understanding of their needs versus wants tend to lose it just as quickly.
The first thing to consider is our relationship with money. What does money mean to you? Why do you want it? The way you view money—as a tool to improve your life or as something that will save you from it—can determine how happy you’ll be with your financial situation and the decisions you make to earn it.
If you talk to someone who’s built their fortune from the ground up, they’ll tell you it’s a long game. Yet, many are eager to make a quick buck and dismiss anything that takes time. It’s ironic that while so many dream of winning the lottery, few actually buy a ticket. (Not that I’m encouraging it—statistically, you’re more likely to get struck by lightning.) But this growing trend of wanting results without putting in the work is one of the reasons why so many feel dissatisfied. We often blame external factors for our situation, but perhaps it’s more helpful to look inward and figure out what’s really holding us back.
Looking at how entrepreneurs spend their money, you can see the difference compared to those who either inherited money without learning its value or lottery winners without financial knowledge or the discipline of hard work. Entrepreneurs invest in self-development and education first, and then in things that genuinely bring them joy—not just to impress others. On the other hand, many people spend money on things like cars they can’t really afford without a stable job. When you see money as something scarce, you build an unhealthy relationship with it—so afraid of losing it that you never truly enjoy it.
Books like Rich Dad Poor Dad and The Psychology of Money delve into these topics, and they’re definitely worth a read.
I’d love to hear about your relationship with wealth and how satisfied you are with it. As we build this community, I’m excited to get to know you better. What topics interest you? And what’s one thing you’re currently struggling with that, if solved, could have the biggest impact on your life? Let me know!
Peace ❤️ ❤️