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Learning Time: Rizz AI?

Byjack

Didn’t know what direction to take exactly but thought I’d watch some stuff.

Takeaways:

  1. When you find the people you want to work with be persistent about working with them
  2. If your competitor is not known, they don’t exist
  3. Presigned URLs vs base64 encoding images *want to research

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Profit in Peace 4: Next Steps

Byjack

I was thinking in the coaching mindset today and here were the next steps that came to me:

  • Divide coaching call into 20 minute segments
  • Make Instagram page more developed, make it my main page
  • Invite all artists to the page
  • Make offer
  • 100% off coaching
  • Looking for feedback and honest testimonials

Stock Investing

Byjack

I was talking to my friend Edgar and was inspired to do more stock investing.

My new stock investment strategy:

  1. Divest from all unclear funds
  2. Create a spreadsheet for fund allocation
  3. Pick a couple of stocks to focus on for the next 3 years
  4. Write down clear reasoning as to why it is a safe bet, how long I expect it to grow, and what would cause me to sell
  5. Create audit schedules to audit stocks

Here are my current list of Top Picks (high grow, low risk):

  1. Nvidia
  2. Alphabet
  3. Cloud computing ETF

Weak Picks (potential high grow or low risk, not enough information):

  1. Tesla
  2. Microsoft
  3. Take Two Interactive
  4. Meta
  5. AMD
  6. Intel
  7. Apple
  8. Tencent
  9. Intuit

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Financial Software

Byjack

I want to do some planning to work on a software that will help me keep track of my financial situation while also taking far less of my time.

What I want the financial software to help with:

  1. Verify credit card transactions
  2. Make me aware of money in vs money out
  3. Make me aware of potential savings strategies
  4. Ideally teach me some javascript
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My Two Year Plan

Byjack

Here is my dream life:

  • Part time accountant: 2.2k-3.2k
  • Full time videographer: 4.3k-6.4k
  • Full time editor: 4.8k-6.9k
  • Apartment or down payment on house: 3k
  • Art studio 2k
  • Massage everyday: 1.7k-3.6k
  • Therapist 2 times a week: 2.8k
  • High end business coach: 4k
  • Eat out at a nice dinner 3 times per week: 1.2k
  • Fly first class to a destination with a plus one, with a nice airbnb every month: 5k
  • Organic high quality groceries: 1k
  • Nice quality clothes: 1k-2.3k

Total: 28.2k-41.4k

Per Year: 338.4k-496.8k

If I wanted to save 50%: 676.8k-993.6k

Before taxes that would be: 1.091M-1.601M

Meaning each month I would have to bring in: 90.1k-133.4k per month

I realize that this is more of an end goal. To get to the place I want to be right now, I don’t need to make enough to save 50%. That can come later. I highly suspect that having a great business coach, massages, and a therapist will enable me to double and triple my income.

So lets take another look at the numbers. What is the bare minimum I need to get into this lifestyle?

338.4k per year -> 531.8k before taxes

44.3k per month

If we were to operate on the Parrado Principal just for coaching:

  • 80% from group coaching: 355 group coaching clients | 20% from one on one: 6 one on one clients
  • 80% from art coaching: 425.4k | 20% from AI consulting 106.4k

Questions for myself:

  1. What should I focus on first?
  2. How do I divide what I want to do into steps?
  3. What should I focus on, AI or Art Coaching?
  4. Should I even do AI consulting?
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
  6. How do I want to legally set up my companies?
  7. How do I make my life easier?
  8. How do I market my businesses?
  9. What is something that I’m missing?
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
  12. What will make my life more fun while making big strides in my businesses?
  13. Is there something I can start succeeding at today?
  14. Am I aiming at the right goals? Are they too small? Too large?
  15. What can I do today to rapidly speed up my progress?
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
  17. Is there a small shift I can make that will have a massive impact on my income/success?
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
  19. What should I do today that will make me happier and more successful?

My intuitive answers:

  1. What should I focus on first?
    • You want to focus on the fundamentals: sleep, meditation, food, emotional processing
    • The stronger the fundamentals are, the more you will be able to handle anything
  2. How do I divide what I want to do into steps?
    • Picture some of your immediate goals that make you feel excited, give you energy, make them small enough to understand, and work on meeting those goals first
  3. What should I focus on, AI or Art Coaching?
    • It depends on what you want to do, to create a large business, AI makes more sense
    • For creating a smaller business, focus on Art Coaching
  4. Should I even do AI consulting?
    • Yes of course, there is a really good business opportunity here
    • If you mean at the same time as Art coaching, the answer is it depends, you will have to pick a priority
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
    • No you shouldn’t wait, you can start by yourself
    • Yes, you should look for a partner while you are looking for clients, you are developing a network for both
  6. How do I want to legally set up my companies?
    • Depends on how easy it is to change, the benefits of separating them, etc.
  7. How do I make my life easier?
    • Stop doing everything alone, work with other people
  8. How do I market my businesses?
    • Ask other people for ideas
  9. What is something that I’m missing?
    • You are missing a business coach/mentor
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
    • You write about your challenges and experiences, to approach the business like an opportunity for personal growth
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
    • The best way is if you could connect the art coaching with AI and AI with art coaching, if you could find a way for them to be symbiotic, that would be the easiest way
    • The other way is to find a simple and easy way to make money from AI
  12. What will make my life more fun while making big strides in my businesses?
    • I think maybe posting about your process/journey on social media
    • Hosting events and meeting people
    • Speaking at events
    • Creating strong boundaries for doing other things unrelated to business
  13. Is there something I can start succeeding at today?
    • Yes, focus on the fundamentals, they are the most important part
  14. Am I aiming at the right goals? Are they too small? Too large?
    • I think you are focused on the right goals, but maybe it is too early to be thinking about timelines, just create a bunch of attainable goals and work through them with no timeline in mind
  15. What can I do today to rapidly speed up my progress?
    • Meditate
    • Sleep as much as possible
    • Find a mastermind
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
    • Teaching people would probably be the best way, that is probably your strongest skillset at the moment
    • Probably not the best use of your time for your goals
  17. Is there a small shift I can make that will have a massive impact on my income/success?
    • Yes, write down goals and look at them everyday
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
    • Finding a good video editor or social media manager
    • Marketing is key and you need to work with people to get good at it
  19. What should I do today that will make me happier and more successful?
    • Remember your mission(s) and focus on them
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Workpost 27: Business Inspiration

Byjack
  1. Start with what you love
  2. Learn how to do what you love doing better
  3. Find a partner to fill gaps within your execution
  4. Come up with simple execution plan
  5. Figure out where the revenue comes from
  6. Start with purpose, later you manage purpose not employees
  7. Delay gratification
  8. Culture has to be client centric
  9. Hacking luck is about persistence
  10. Taking risk increases luck
  11. How to deal with failure
    • Don’t let things own you
    • Do not let short term ego go (enjoy looking like a loser)
    • Learn to embrace getting a D
  12. Take your time
  13. Don’t ask yourself what you will do when you grow up, ask yourself what problem you want to solve
  14. Write down in detail what person you are looking for in a cofounder
    • Opposite of what you love to do
    • Same moral code
    • Post it everywhere
  15. Sell the sizzle, not the steak
  16. Build sales relationship
    • Do they need you?
    • Do you like them?
  17. Marketing is about experimenting and connecting with people over time
  18. Marketing is all about the process and the system
  19. Marketing is about having fun
  20. Write press release like its the actual story, do all the work for the journalist (high res photos)
  21. Lean into marketing for other brands you like and they can lead to brand sponsorship

Something I was thinking about in this video is how I love challenges, but I don’t like failures. But maybe the most important thing to do, or a really good outcome for a challenge is failure, and I can focus on failure if I want to. I think maybe a big part of failure, is unexpected outcomes. It isn’t important that you didn’t succeed at what you originally went for, but how you grew in the process of trying and discovering what unexpected things were on the other side.

The cofounder part is also really interesting in writing down what I want so I can recognize someone when I see them.

Sales relationships makes me think about reaching out with all my goals and involving people on a journey because that is the thing that interests me the most, it is the thing that I can connect with people on very easily and naturally.

Marketing is making me think that failure might also be about the story you can tell afterwards. The story is not about success, it is about the exciting hook and premise. Failure is one of the most interesting ends to a story, although it can be depressing.

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How to Become a Millionaire

Byjack

Questions Raised:

  1. Should I drop something to focus on my art coaching or AI consulting?
  2. What is the hungry crowd for my coaching, for my consulting?
  3. How do I build my businesses for the long game?
  4. Do I not pay myself the whole salary?