This is applicable to all industries. Even in employment, you are always selling, even if you are selling yourself. Start by learning how to sell, understanding the differences in offers, and knowing how and to whom you're positioning them. B2C sales are different from B2B sales. But what’s important is selling an amazing product or service in an okay market. Sell to people that have money. Do not sell to dying industries. Areas that will always have huge demand are those that cause the most pain: health, wealth, and human relationships. What is important to you is looking and feeling good, having lots of money, and having great relationships with your significant other, family, and friends (convert friends to family or get rid of them). ### 1. Understanding Value and Offers **Value Equation**: Value = (Dream Outcome x Perceived Likelihood of Achievement) / (Time Delay x Effort and Sacrifice). This equation explains how to create irresistible offers by enhancing the dream outcome, increasing the perceived likelihood of achievement, and reducing time delay, effort, and sacrifice. Think of the best offer: "I’ll get you rich, 100% guaranteed or money back. It won’t be hard and it will be quick" = perfect offer. **Grand Slam Offers**: An offer becomes a "grand slam" when it maximizes value by making the customer feel like they are getting an exceptional deal. The larger the value, the better the offer. Don’t be so concerned with creating a mutual exchange; focus on creating something with so much value it sounds almost too good to be true. ### 2. Crafting Irresistible Offers **Solve a Problem**: The best offers address a significant problem for the target audience. **Stacking the Deck**: Include bonuses, guarantees, and risk reversals to make the offer more appealing. **Pricing Strategies**: Use anchoring and price juxtaposition. Don’t back down on your price; it makes you appear weak. Payment plans can make the offer more enticing. ### 3. Psychology of Sales

Preamble Achieving financial freedom requires discipline, planning, and consistent effort. Start by creating a monthly budget that allows you to save and invest at least $500. If you can't start with $500, begin with whatever amount you can, even if it's just $20, and gradually increase it over time. The goal is to build strong financial habits that will set you on the path to becoming a millionaire, assuming an average annual return of 10% on your investments. By following these steps, you'll create a safety net that allows you to pursue your dreams and take calculated risks, knowing that you're building a secure financial future. Worst case, you'll retire comfortably and live an average life; best case, you'll achieve wealth beyond your wildest dreams due to the habits you formed. 1. **Pay Off High-Interest Debts** - **Action:** Focus on paying off any debts with an interest rate higher than 7-10%. - **Steps:** - List all your debts with their interest rates. - Prioritize paying off the highest-interest debts first. - Make extra payments on these debts until they are paid off. - **Reason:** High-interest debts, like credit card debt, can quickly accumulate and make it difficult to save or invest. - **Immediate Action:** Start by identifying and listing your high-interest debts. 2. **Save an Initial Emergency Fund** - **Action:** Save $1,000 in a regular savings account. - **Steps:** - Open a savings account if you don’t already have one (use your bank). - Set up automatic transfers from your checking to savings account. - **Reason:** This initial emergency fund can cover unexpected small expenses and prevent you from relying on credit cards. - **Immediate Action:** Set up an automatic transfer to your savings account, even if it’s a small amount. 3. **Build a Short-Term Savings Cushion** - **Action:** Save two weeks of living expenses in a regular savings account. - **Steps:** - Calculate your average two weeks of expenses. - Continue using your savings account to build this cushion.

I am looking to purchase a new bed for my self as mine is old and literally fell apart. I can still sleep on it fine and it's not a big deal when my gf is over but I really not a new bed for comfortably and a bigger space so I sleep more comfortably when she is over. My main question that involves this situation I'm in is rather this is a want or need, so how do I tell the difference between a want and need for financial decision like the one I'm in right now?

Read 100 million dollar offers by Alex Hormozi One thing in it changed my monthly income by about 1.5k per month “Present an offer so good people feel stupid saying no”…

I’m not sure how much I’m legally allowed to tell you to do since I’m no financial advisor lol but this is what I would do. So in order… 1. pay off any debts higher than 7-10% interest. 2. Save 1k. 3. Then have 2 weeks of expenses in a regular savings account. 4. Then Save 6-12 months of expenses in a HIGH YIELD SAVINGS ACCOUNT not a regular one (regular savings account have barely any interest ie 0.01% return) 5. If your employer offers a 401k set it up and contribute a percentage at least up to their match, just pick a target date fund with LOW EXPENSES RATIO. 6. Then max out your Ira ( I have a Roth IRA so I don’t have to pay taxes on it when I take it out) and I pretty much just buy VOO AND QQQ which are index funds/etfs, close enough to the same thing 7. Then max out your health savings account if you qualify ( I don’t qualify because I’m not on my own health insurance plan with a high deductible, but if you have your own health insurance with a high deductible it’s worth looking into ) 8. Contribute any left overs to a taxable brokerage account and I buy VOO and QQQ. This isn’t very flashy but working at ANY JOB you can do these things and almost guarantee you’ll become a millionaire in 30 years worst case (assuming 10% interest rate) if you’re able to invest 500 dollars a month