Hello. Tim here.
Drink more water. You won't regret it.
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1. The Future of Tim Stodz Enterprises and My Plan for World Domination
Warning … this post is not for you.
I’m writing this for me. I need to write this out and I need to get my thoughts in order. Even if no one reads this, I still need to write it and publish it because I can’t move forward until I do.
We have so much to talk about. I have so much on my mind.
Okay … let’s do this.
2. The 10k Formula
In this week's episode, I sat down with Will DeShazo from Growth Tools.
We talk about how he has been able to help scale the Growth Tools business, and why their process is the perfect solution for any entrepreneur who has a goal of making $10,000 a month.
3. I Went Viral on Twitter
I want to be Twitter famous so bad.
It's a fun side hustle, and it helps feed my ego and fulfil my need for endless dopamine and serotonin that Twitter notifications give me.
But seriously, I wrote a really important Twitter thread and it went super viral.
See you at the top.
4. The Best Ways to Generate Cashflow (Subscribers Only)
It's so important that people who are starting their entrepreneurial journey understand the importance of cashflow.
There's too many gurus out there spitting stupid advice. We need more practical resources.
- Don't quit your job
- It's okay to start a service biz
- The beginning is all about covering expenses and building a reputation
This week on The Bootstrapper, Corey goes over the best ways to generate minimal cashflow in the beginning stages of your business career.
Please don't brush this lesson off. It could be the difference between success and failure.
5. The Fourth Turning
My favorite YouTuber, Van Neistat, published a video explanation of a book he read called The Fourth Turning.
I've been obsessing about this concept for the last few days. I can't wait to read the book and I seriously encourage you to take 10 minutes to watch this video.
It's so creative and the information will blow your mind. 🤯
6. The Housing Bubble is Real
May 6th 2022
This tweet completely stopped me in my tracks.
I don't understand real estate enough to make any accurate predictions, but I don't think this is good. In fact, I think it's bad.
Look, I bought my house for $340,000. Zillow now estimates my house to be worth $680,000.
What the actual fuck?
That doesn't make any sense. Something is going to happen.
I don't want to see people suffer (like they did in 2008), but if something does happen, I will make the most of it. If there is a housing bubble, then the collapse of the housing market will certainly present an opportunity for regular folks to buy up equity in the markets.
Public service announcement: Say no to adjustable rate mortgages. Pray for those dumb enough to be doing this… pic.twitter.com/US422A2T6e
May 12th 2022
In this week's edition of "American's Not Learning Lessons From the Past", we see an influx in adjustable rate mortgages. 🤦♂️
7. Where Did All My Bitcoin Go?
There's a lot to say about Bitcoin. I've read many articles this week and ultimately, my stance is the same as it has always been.
You ready for this brain buster? ...
NO ONE KNOWS ANYTHING
It's funny how there is now a wave of people talking about the fall of Bitcoin with the same conviction and certainty that they criticize the Bitcoin maxis for having.
Now there is a wave of Bitcoin "I told you so" maxis who also have no idea what is going to happen, yet they talk about it as though they can predict the future.
Don't get in your own way. Be patient. Trust the process.
Here is some good reading on the crash.
- More than $200 billion of crypto wiped out in a day
- Unpacking the intricate relationship between Bitcoin and inflation
- One move made yesterday
8. Very Interesting
May 11th 2022
Twitter is selfish. They don't want links in tweets.
9. The Time / Priority Matrix
If you've never read The 7 Habits of Highly Successful People, then I recommend you stop what you're doing and buy the book right now.
This week at Stodzy, I had to bring the team together to help them understand how to manage their time.
The concept of important work / urgent work came up again and again.
I use this mental framework every day.
10. Final Thought - "Deliberate Practice."
I'm reading Peak, by Anders Ericsson and Robert Pool.
It's an interesting book. The authors have been studying peak performance for over 20 years and they have developed a critical understanding of how people achieve mastery of skills.
If I had to explain the book in one sentence, I would say this ...
"Mindless repetition does not help you improve. Focusing your effort in a deliberate manner to systematically make improvements and adjustments based on feedback is how you master a skill."
(Actually that's two sentences.)
I've been thinking a lot about the areas in which I work with mindless repetition.
For instance, I go for a long rowing session every Sunday. I like zoning out. I do it for the purpose of mindless repetition and half the point of the long rowing session is to allow myself to get to a place where I can let my mind wonder. Should I be working harder to improve my focus?
Or writing ... when's the last time I truly dissected a piece of my writing to look for specific areas of improvement?
Improvement is not fun. Getting better at something is exhausting. But in order to get better, you have to truly want to get better and act in a manner that will facilitate improvement.
Are you willing to put in that kind of effort?
I think I am.
Love you guys. Talk to you next week.