# Nate Obrien notes

## 1. Eight money lessons I wish I learnt sooner

1. Money is not the end goal
2. 80/20 Principle
3. Cash flow > Assets
4. House ≠ Asset
5. Learn sell skills 
6. Pay yourself first
7. Discipline leads to freedom
8. It's ok to spend money

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## 2. Ten Things to stop buying (unnecesary things)

1. Sale Items (be careful)
2. Drinks (soda, alcohol)
3. Books (library or audible instead)
4. Food (buy only what we eat)
5. Cut transportation cost (No car)
6. Extended warranties (not remembable)
7. Hotels (AirBnB, hostels, make friends and stay at their home)
8. No souvenirs from trips (maybe only to someone else)
9. Investments that I don't understand (it's just stupid, study)
10. Name brand products (same as no-brand)

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## 3. Eleven Unique side hustles for 2020

1. **Sell study guides.** Sell notes at the end of the year (scan them to PDF to sell them multiple times)
2. **Junk removal (real).** Remove things from others and maybe sell them later
3. **Green business.** selling reusable bags... something environmentally friendly
4. **Property management.** Help people selling their house
5. **Raw land flipping.** Buy something in big quantities cheaper and resell it in single units (it's expensive)
6. **Ebay (take a commission).** Sell other's people products for them
7. **Middle man strategy.** (SMMA for example) Choose a high price service and instead of doing it you delegate it to someone else cheaper
8. **Sports official**
9. **Domain flipping.** Buy cheaper and sell expensive, the shorter the better. Can be done with social media name accounts too
10. **Substitute teacher**
11. **Calculators.** Buy cheap and resell expensive

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## 4. $50 a day in 2020

- Digitize family photos
- Wash windows
- Buy sell and repair phones
- Edit videos for youtubers
- Get paid to recycle
- Resell vintage clothing
- Local Services
- Sell food in school
- Mobile oil change + upsells
- **Podcast**

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## 5. Items to buy that make you money

1. Security cameras (Dash cameras)
2. Solar Panels (depends on the place)
3. Crypto currencies Bitcoin (risky)
4. Tools and equipment (being more handy is cheaper)
5. Journal (write things down to not losing the track)
6. A Fan (cool down cheaper than air conditioners)
7. Artwork (must be selective)
8. Seeds (Save money on veggies and maybe sell them)

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## 6. Millionaire habits

- Journaling
- Producing instead of consuming
- Think Week
- Filling up a calendar
- Networking (average of 5 people)

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## 7. Six money truths I wish someone told me sooner

1. Minimalism
2. Avoid most debt
3. Credit cards can be tools. sign up bonuses
4. Free information
5. Looking rich makes you poor    
6. Retirement plans

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## 8. How to make a million in a year

### Connecting people, brokering deals

If you sell a yacht for a rich person to another rich person and you get a commission for that we talk about half million in a transaction of 5M with 10% commission

## Venture capital firms (millionaires that want to invest into startups)

Become a scout

Make a commission for every new startup you discover for that investor

Or

Make a carried interest 1-3%. When the start-up has grown and is sold you get 1-3% of the sale price (we talk about that if it is sold for 200M you get 2M for that)

## Real Estate

Connecting people buying houses and get a commission for that

Luxury real estate agent

## Become expert at something and sell that skill through consulting