First off, I don't use acronyms to appear smart, they're for shortening messages.
Have YOU ever typed out USA instead of United States of America before?
Sure you have, and you weren't trying to be smart either, you were shortening the amount of typing you have. Please stop falsely accusing me without sound evidence.
Second of all, I've been more than willing to explain. On the IRC I am interrupted before I can even finish.
*DISCLAIMER THIS IDEA IS NOT REVOLUTIONARY, NEW, OR MINE. ANYONE WHO CLAIMS THAT I SAID IT WAS REVOLUTIONARY, NEW, OR MINE SHALL BE RIDICULED AND ANNOYED*The majority of people in my experience do the following formula for budgeting.
Expenses - Income = Savings
The problem with this is your thoughts tend to be limited to whatever the current income is. People who think this way don't usually think of ways of increasing their income. They think of how they can "just get by" on their current income.
FG + E = I is an ANCIENT formula used by Babylonians. Other people have talked about it since.
FG = Yearly Financial goals (Like a trip or vacation, Yearly savings, w/e)
E = Yearly expenses
I = Income.
I am
Well aware that this formula doesn't magically make you richer or change your income. But it gives you a
specific number to shoot for with a mathematical basis.
A salesman can now say "I know I need to make x amount of sales to get that yearly income". A web Designer can say "I know I need to sell x amount of websites to make that yearly income".
This way of thinking makes you have
1) a definite desire for a specific amount of money, rather than saying "I want lots of money" (lots of is not a number).
2) It can help you think of practical plans for acquiring that number.
This is all basic stuff. It's math not motivation. It makes you think of ways of earning $ outside of employment (good). If used properly, it works.
Also your "entrepreneur" video is funny. That guy is getting paid to be a comedian and he has MSI (Multiple sources of income).
He's got over 900k YouTube subscribers so I know he gets paid by google.
He is self promoting his comedian tour schedule (like an entrepreneur who is in the business of comedy), that's another source of income.
He gets paid from affiliate links of products he uses in video (3rd source of income).
And if he does an interview on a podcast, or starts selling his own fan merchandise he'll get paid for that too.
And on his twitter he's posing with a corvette behind a gated driveway LOL
https://twitter.com/TrevWall/status/1206773687472386048He has MSI (Multiple Sources of Income), he consistently makes content ("works" hard), and I bet you he uses FG + E = I. He IS an entrepreneur making fun of people with the word in their twitter bio.
Your evidence for talking about how ridiculous this stuff is, is a video made by a guy DOING EXACTLY WHAT I AM RECOMMENDING. LOOOOOOL
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Reason: this post looks like it was written by a crazy person on geocities