#578 - My Daily Motivational Trick, The Future-Value Formula, & Why People Hate

“The true definition of “luck” in this modern age is learning early” - Tai Lopez(click to tweet)To determine the financial value potential of something right now, there is a simple formula: Future value = present value of future revenue. This is the formula that you can use when examining business ideas and opportunities, when looking into investments, and all other areas of financial potential.Today, I am talking about that formula, as well as why apartments are one of the lower risk real estate opportunities, the 2 ways you make money, how to monetize a brand beyond normal operations, why life is like poker, 3 ways to start a side hustle, why haters hate, why mindset is the main thing holding people back, and what the butterfly effect means for the importance of the little decisions you make everyday.Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“Think about life like poker: You don’t have to win every hand, just don’t go all in when you have a bad hand” -Tai Lopez(click to tweet)Points to Keep In MindIn the long term, something is worth: Present value of future revenueAsk yourself: How much would you pay today to have a future revenue?Apartments allow you to diversify your future revenue2 ways you make money in anything:Capital appreciationCashflowIf you build a brand that is recognizable and has good connotations with it, you can make money through licensing deals without actually running the businessThe true definition of “luck” in this modern age is learning earlyThink about life like poker: You don’t have to win every hand, just don’t go all in when you have a bad hand3 ways to start your side hustle:Look at the skills you already have instead of trying to get new skillsDon’t just have an idea. Go from idea to offerLaunch before you think you’re readyA lot of ideas cannot be validated until you actually do themAt the end of the day, we’re all going to the grave at around the same pace, but some people go their with a more happy life than othersHaters are usually just projecting their own insecurities on othersToo many people want to remove all insecurity from life, but that is simply not possibleLife goes through the process of seasons, so expect the changesYou have to be 100% convinced and sold on your own product to be good at salesMindset is the main thing holding most people backJust as a butterfly flapping its wings can start a hurricane, very small bad decisions in your life can lead to terrible consequences down the roadLikewise, small intelligent decisions can help you in incredible ways down the roadYou must structure fun and entertainment in your life to stay motivated in the long runSee omnystudio.com/listener for privacy information.