Today I about part 10 of The $100 Dollar Startup by Chris Guillebeau. Today I assessed the book.
- The book’s title: The $100 Dollar Startup
- The book’s subtitled: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
- The book’s cover illustration:
- The book’s main themes:
- Gain personal freedom.
- Work for yourself
- Choose your projects.
- Serve others.
- Match your skills with what others want to buy.
- Trade forms of employment risk.
- Create value.
- Follow your passion.
- Convergence: your passion, buyers’ desires
- Passion [skill] + usefulness = success
- The book’s recommended techniques:
- Find out what people want to buy.
- Minimize startup expenses.
- Get early sales fast.
- Become a roaming entrepreneur.
- Identify the business’ USP.
- Make a powerful offer.
- Offer a strong guarantee.
- Charge a premium price, and raise it regularly.
- Write a one-page business plan.
- Income vs. lifestyle
What to conclude from this?
- Decide what you want to do.
- Decide when you want to attain it.
- Decide what you’re willing to pay.
- Assume that you will be successful.
- Decide how you define success.
I also had to write a 500 page essay.
Today I will write an essay on the following topic. The lifestyle I want 20 years from now. I don’t know the future, I never will, but I should know where I want to be in the future. Now if this sounds unrealistic, it might be, but Dr. North told me to assume the best. And why would I want a bad future. Twenty years from now, 2038, I will be in my thirties. By then I will want the following to be in play.
In terms of money, I should have my own business. According to another essay, I will have had sold my first business at least. I’m thinking I could make another business and keep it as my primary source of money. I don’t want it to be big, at most I want to hire 5 people. Assuming I have a family, I don’t want my wife to work, I want her to stay at home and take care of the kids. I want to work a comfortable amount of hours from 6-8 hours. Because I want to be involved in my kid’s lives. Ten percent of my income will go to the church, then ten percent of that to my savings before any other spending. Which brings me to my savings account. I’m going to have about $44,000 in my savings account at this age, if I stick to the chart here, if there are no accidents. And I think that’s it for money.
In terms of actual lifestyle, I don’t want too big of a house. A bigger house means more maintenance. No matter how much money I have, I’m still going to make sure that nothing we buy is at full price. It’s possible, I know that because my family is already doing it. However I want to take my family on trips every once in a while, a big one every year, because the sole purpose of money is to be spent. I don’t want to be a miser, nor a lavish spender. I don’t want to have to worry about money. Basically I want to be content, I don’t want to be rich, I want to just have enough money to support my lifestyle.
In terms of education for my kids, I think I’m going to give them the RPC. Ron Paul is the only politician my dad 100% trusts. He’s got it right. I want my kids to learn things they will actually use, and I know firsthand that the RPC teaches useful things. My future wife will help with any problems, and I like my dad will be principle.
So this is all my ideal, it’s not real, but I hope it will be. I sorta thought as I went, I may change my mind on some minor things, but that’s basically it. The bottom section was free advertising for the RPC, but seriously, it’s pretty good. Thanks for reading about me, few people do that.