Tim Stoddart's Newsletter

The "Production Line" Method to Getting Rich

published11 months ago
4 min read

Hey there. Tim here.

The Milky Way is the superior candy bar. This is empirically proven as fact.


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1. The "Production Line" Method to Getting Rich

Everyone wants to know the secret to wealth.

People like to think of it as a secret, because then it makes the possibility of wealth creation mysterious and elusive.

"I could get wealthy if only I could discover the secret."

There is no secret to success. You already know what it takes.

Success requires you to produce an outcome. That's it.

So how do you do it? In this week's article, I'll tell you how.

2. The One Thing You Need to Know Before Starting a Paid Community

On this week’s episode, Ethan and I talk about upcoming changes to the CopyBlogger paid community, how Tim decided on those changes, and the lessons you can apply to your own paid products.

We dive into business structure, the psychology of money, and strategies for wealth preservation after a financial windfall.

3. Operating During a Downturn

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David Sacks
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Yesterday we met with all of our portfolio company founders to discuss the current downturn, what caused it, and how to survive it. We’ve decided to make the recording public. You can watch it here:
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Craft Ventures: Operating during a downturn
Candid discussion with David Sacks and Jeff Fluhr on public markets, venture capital and historic ou...
May 14th 2022

This is no joke. The economy is in baaaadd shape.

Believe it or not, this is the time for you to thrive. If you manage your money right, you can use this downturn as a way to reach escape velocity.

Last week, David Sacks from Craft Ventures recorded a meeting with his founders on how to operate finances during a downturn, and use it as an advantage to create distance between you and your competition.

It's worth watching.

4. Three Tips to Properly Manage Cashflow (V.I.P Only)

The past few weeks, we’ve talked about how to get customers and clients to start generating cashflow.

So let’s assume you’ve achieved both of these feats – congrats!

But as they say where I’m from, don’t count your chickens before they hatch.

This week, we’re talking about managing common cashflow traps bootstrappers fall into.

5. Wrong Answers Only

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Steph Smith
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May 12th 2022

Seriously, hit reply and give me your wrong answers. 🤪🤪

6. Building a Second Brain

When I do screen shares with clients or collogues, I receive a lot of questions about my note taking app, and how I store notes and information on my computer.

I use an app called Roam that has helped me "create a second brain."

Last year, I stumbled across this video that showed me how to combine other apps and use a seamless flow of software to maximize the information I can work with, store, and keep track of.

I can't believe I haven't shared this video with you before. It genuinely changed how I work.

7. How to Overcome Writers Block

I don’t believe in writer’s block. Think about it — when you were blocked in college and had to write a paper, didn’t it always manage to fix itself the night before the paper was due? Writer’s block is having too much time on your hands.

P.S. - I didn't go to college.

8. The End ... Or the Beginning?

I recently discovered the work of Glo Atonmo. She writes a travel / lifestyle blog where she documents her journey as a CEO.

In addition, she also has a business and mastermind bootcamp in Bali, which sounds pretty freakin awesome!

Her writing is honest, thoughtful and vulnerable. I read 3 or 4 posts this week, and I think you will enjoy her work as well.

9. Melvin Capital is Down

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Melvin Capital Management, the once high-flying hedge fund that lost billions of dollars after its bearish wagers were caught up in a Reddit-fueled rally, told investors that it plans to wind down funds and return cash to investors
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Gabe Plotkin’s Melvin Capital to Wind Down After...
Gabe Plotkin told investors he planned to wind down his Melvin Capital Management after billions of ...
May 18th 2022

It is absolutely insane to think that a group of shit - posting redditors out foxed a multi billion dollar hedge fund.

Read this short article from Bloomberg. It's a wild ride.

10. Final Thought - "Got Himmm!!!"

I spent the week in California. It was beautiful. Jules and I rented a tiny cabin in Topenga Canyon (one of my favorite places) and then met her family in Santa Barbara, which was tacky and touristy and delightful.

Here's a picture of my pregnant wife, carrying a baby in her belly and a baby on her back, because she's a bad ass and better than me at basically everything.

My son is in this new phase where he eats everything. He can't be stopped. I'm telling you, he devours food and I'm really not sure it's normal.

So finally, my mother in law put a lemon in front of him.

He's such a vacuum that he picked it up like the rest of his food and chowed down on it hard.

It was so god damned funny we were laughing at him until we were crying.

I must have looked at this picture 1000 times.

Lesson: Don't be cocky, because one day when you're munching down on a pile of blueberries, someone might sneak a lemon in on you.

Also ... his hair. 👍👍👍

Love you guys.

Talk to you next week.