Archive for the 'Money Making Ideas' Category

31
Jul

Start that $20 Hustle and make a million dollars

Sorry I have been gone. Those who are regular readers know that I am in the process of opening a bar/restaurant and that has been eating into my time and money. But it is an investment and I know that a little work now will pay dividends later. That reminds me of a post I was working on called Start that $20 hustle and make a million dollars.

Most people don’t know what $20 a week can get them. Hell I was told what it would do for me when I was 16 and I didn’t listen. If I had, I would have an account right now with over $100,000 cash in it grown from $20 a week.

To, for some folks, $20 is a drop in the bucket. It is lunch money. For others it means the difference between hamburger helper for the family and just plain helper.

$20 can be found almost under every rock in your neighborhood, if you know what kind of rocks to look for.

I get emails all the time (so if you sent one and I haven’t responded, hang in there, I am working on it). Most of the time it is stuff like “How do I get my hustle going?” or “Where can I get money to finance my hustle?”

The hardest part to locking down a strong hustle is money and patience. If you have ever done any kind of crime, you know that you spend a lot of time waiting. You are either waiting in the bushes for traffic to clear so you can break a window or you are waiting for the store to clear out a little before you run in there. Maybe you are waiting for a foggy night to do your dirt or you are waiting for a homeboy to call you up with the ok on the spot where he works.

Most of the time it is a gut check. You ask yourself, does it FEEL right. Being kids of the 70’s and 80’s my friends and I used to call this our “Spidey Senses”. Some of my other friends called it being ghetto psychic. It is how you know someone is a cop, even though you don’t really know. It is the gut feeling to know that now is the time to act.

But the waiting to act is hard. That is the hardest part to get over. You can have millions in the bank but unless you check the gut, keep it in your pocket. This is why I think that those who grew up in the game have an advantage over those who didn’t. You can smell danger. The other advantage is that you know when to take the risk of running up and smashing that window.

So now that we know that you have to have patience to know when to act, you have got to find the dough. Money has a funny way of multiplying. Think about it. When I was a kid, I sold candy on the schoolyard. I had a little store in my backpack. Actually I carried a duffel bag that was half candy and half books with zippers on both sides. I stole about $2.00 worth of nickel gum and Jolly Ranchers from the 7-11 near my house. I would go back and pay for them as I have the money now but they closed like 12 years ago.

Anyway, I flipped that $2.00 in candy into $4.00 that afternoon. I went and bought $4.00 in candy and sold it for $8.00 the next day. I did this until I was making between $10 and $20 a day net. That’s a pocket full of cash for a 3rd grader in 1983. I took those profits and rolled them into extending my line and setting up distribution (selling candy is like selling crack or weed or anything else). I was the Nino Brown of the elementary school.

But all I needed was that seed money. So here are some ideas for setting up your empire, starting with your first $20. By the way, I have done each of these things myself so i know they work. Continue reading ‘Start that $20 Hustle and make a million dollars’

07
Jan

Financing your business using the Stone Soup Strategy

I remember the first time I heard the story about stone soup. I was about 8 years old and it was a muppet story or something like that for kids on television. Even then I understood what was going on in the story. The two main characters used the only resources they had, their street smarts, to come up and get fed. For those who don’t know, here is the story:

Two travelers come to a village, carrying nothing more than an empty pot. Upon their arrival, the villagers are unwilling to share any of their food stores with the hungry travelers. The travelers fill the pot with water, drop a large stone in it, and place it over a fire in the village square. One of the villagers becomes curious and asks what they are doing. The travelers answer that they are making “stone soup”, which tastes wonderful, although it still needs a little bit of garnish to improve the flavor, which they are missing. The villager doesn’t mind parting with just a little bit to help them out, so it gets added to the soup. Another villager walks by, inquiring about the pot, and the travelers again mention their stone soup which hasn’t reached its full potential yet. The villager hands them a little bit of seasoning to help them out. More and more villagers walk by, each adding another ingredient. Finally, a delicious and nourishing pot of soup is enjoyed by all.  Continue reading ‘Financing your business using the Stone Soup Strategy’

21
Dec

Go to where the food is!

Sam Kinison said it best -

“I’m like anyone else on this planet — I’m very moved by world hunger. I see the same commercials, with those little kids, starving, and very depressed. I watch those kids and I go, ‘Fuck, I know the FILM crew could give this kid a sandwich!’ There’s a director five feet away going, ‘DON’T FEED HIM YET! GET THAT SANDWICH OUTTA HERE! IT DOESN’T WORK UNLESS HE LOOKS HUNGRY!!!’ But I’m not trying to make fun of world hunger. Matter of fact, I think I have the answer. You want to stop world hunger? Stop sending these people food. Don’t send these people another bite, folks. You want to send them something, you want to help? Send them U-Hauls. Send them U-Hauls, some luggage, send them a guy out there who says, ‘Hey, we been driving out here every day with your food, for, like, the last thirty or forty years, and we were driving out here today across the desert, and it occurred to us that there wouldn’t BE world hunger, if you people would LIVE WHERE THE FOOD IS! YOU LIVE IN A DESERT! YOU LIVE IN A F**KING DESERT! NOTHING GROWS OUT HERE! NOTHING’S GONNA GROW OUT HERE! YOU SEE THIS? HUH? THIS IS SAND. KNOW WHAT IT’S GONNA BE A HUNDRED YEARS FROM NOW? IT’S GONNA BE SAND! YOU LIVE IN A F**KING DESERT! GET YOUR STUFF, GET YOUR SH*T, WE’LL MAKE ONE TRIP, WE’LL TAKE YOU TO WHERE THE FOOD IS! WE HAVE DESERTS IN AMERICA — WE JUST DON’T LIVE IN THEM, A**HOLES!” Continue reading ‘Go to where the food is!’

07
Nov

If it aint broken, it’s because you aint looking hard enough.

I get emails, phone calls and questions all the time from people trying to find their own “Hustle”.

How do you find a hustle?

What is the right hustle for me?

How do I know the right hustle when I find it?

First, let me define what a hustle is for all of our non-American visitors. A hustle is a culmination of a goal and a vehicle to create personal wealth. A hustle isn’t simply a job, or having something to sell. It is having all the parts to make your business successful. It is the distribution, the marketing, the legal, the suppliers etc etc. A hustle, by all definitions, is a complete business opporunity with a plan for success.

Make sense? Cool, now let’s rock it out.

Continue reading ‘If it aint broken, it’s because you aint looking hard enough.’

27
Oct

starting a business is like robbing a bank - create a plan

If you havent already, go back and read these posts.

If you want to be rich, you need a crew
How to pick your million dollar crew
Starting a business is like robbing a bank - organize your crew 

You need a plan - Fail to plan and plan to fail. That is the facts jack. The more time you spend on the plan and the more time you spend on putting together your crew, the better your chances of pulling it off. BUT! If you spend too much time planning and organizing, you crew will get restless. You run the risk of your team spilling your plan to someone else or going rogue. You will wake up one day and read in the paper how the whole thing went down without you. It has happened to me. It eats you up inside when you see your big idea in the newspapers. What do you need for a plan?

Goal Strategy - You want to get in and out with bags of cash and not go to jail right? Well right that down. You need to know what you are going to do. You need a direction, a general layout of what you are trying to accomplish. It doesn’t need to be detailed, it needs to be specific.

Continue reading ’starting a business is like robbing a bank - create a plan’