Tag Archives: big idea

My very steep mountain I plan to climb. (My Mission in life)

This entry is about my mission in life, and my mindset right now.

My goal, is to be very wealthy.  I don’t really have a personal need to be wealthy but I have felt for a long time now that it is my calling in life to be so.  The reason for this is that I can help many people out, so that I can leave a legacy for my children and their children and to help the Kingdom of God in all of this.  I want to be the one who builds schools, churches, community housing projects and so on.  I have had a desire for this for many years but have gotten distracted a few time.  Now I feel like I am behind schedule, I have this huge goal and to accomplish it I need to act now and act aggressively.  I need to have a very steep slope to my net worth mountain.

The good news is that in times like this, with economic turmoil and such it is actually easier for a smart person who sees the trends to gain massive wealth.  I can buy stocks in good companies for huge discounts.  I can buy houses for cents on the dollar.  These things will always rebound, they may take some time but they will.  I can take advantage of the huge wave of people who are eager to snatch onto the dream of finally being their own boss, I can consult with them and make tools for them to get there easier, because I have been there my whole life.  Of course I will charge for this service.

My goal is to have a net worth of $5 million dollars by the time I am 40 years old, and $10m by the time I am 45.  (I am 33 now)  I will consider any donations I have made to be part of my net worth.  To get there I would need to earn a huge amount of money.  I will invest most of that money until I get to my goal.  This is a very steep mountain to climb.  I have made money at this rate in the past buy I grew my company too fast and trusted people who screwed me and soon I was bleeding 10k+ per month.  I have learned that lesson but I do know that I can not do all of this myself.  I need to use other peoples money and other peoples time to get to where I need to be.  If I do everything that needs to be done I will never make it, never even get close, I have to hire others to join me.  For over 10 years now I have always had at least a few people who work for me, people who I can call when I make a sale.

So to make this goal I need to really start to climb, to earn huge amounts of money.  Well that is actually much easier than you may think it is.  There is more opportunity now simply because the market is totally inefficient right now.  This means that prices are all over the place for the same item, mostly caused by crazy desperate people who are selling things at fire sale prices.  This lets us take advantage of research and work to find the best price on something and sell it to someone who does not do the research.  This can be done on houses, cars, computers, information, labor, and almost anything else that can be bought and sold.   You can buy cars for $5k that sell for $10k the next week.  You can buy houses for 20k that were once worth 200k and sell them for 80k with ease.   I just bought over $1500 in computer parts from a guy for $100 simply because he got them from a guy who went out of business and had no idea what they were worth.  Money is just sitting there everywhere waiting for someone to pick it up.

Right now is the best time I have ever seen in my life to buy Real Estate, and probably the best time there will be.  You can buy a house now for such a low price that you can rent it out and have the rental payments cover the entire cost in under 5 years.  You can then hold on to these houses for 10 years and sell it for many times the purchase price.  This is the main way I plan to make my long term money, but I need to fund this with short term money.  My plan for this is to sell websites, sell business opportunities, such as this one or this one.  I have another huge idea in the works that I think will make a million dollars in the next 3 years as long as it is done right.  I need all of this because I have a high goal.

Mindset is Key.  mindset

Less than half of a percent of the population in the US has a net worth over $1 million dollars, and with the current market that number is falling.  Most of the population is deep in debt and the ones that are not don’t have a huge net worth.  Most people simply do not posses the entrepreneurial spirit, they do not have the mindsets required.  They do not even have this as a goal.  There is probably less than 2% of the population that is serious about being an entrepreneur, about being truly wealthy and free.  For me and these others like me we must have a different mindset from the rest of the world.  What works for the normal, happy to have a job, people in this world actually hurts us.  And what works for us does not work for them.

There is about 10% of the population that thinks that they are an entrepreneur, people who have gone out and created for themselves a business, or they dabble on the side trying to run a small home based business but most of these do not have the correct mindset.  They simply do not see it.  For years many of my friends have fallen into this group, and for years I have talked to them, tried to show them the way.  Given them books on the subject like the awesome E-Myth by Michael Gerber.  All with very little result, they almost never get it, and they just can’t figure out why even when I tell them directly, so for the most part I have stopped.  I love to deal with the people who have the right mindset already.  You can tell someone simply does not get it when they keep saying “You can’t do that” but in reality there is very little we can not do.  We can buy houses for 10 cents on the dollar and not use one cent of our own money, we can sell a service to a client for one price and then hire someone else to perform that service for a much lower, yet still fair price.  We can do something once and get paid for that work for a long time to come.

entrepreneurTo have the correct mindset you must realize that there are different rules for us.  I have found that people like Donald Trump, Robert Kiyosaki, Ric Edelman, Dean Graziosi and Adrian Cartwood can equip you with the correct mindset.   For the other people who are not entrepreneurial they can listen to people like Suzy Orman, Clark Howard and David Ramsey but for us much of the information they say is toxic to our mindset.  They focus on what to do with the money that you earn, how to divide it, how to save it and such, and they focus very LITTLE on simply making more.   They focus on how you should not used debt at all.  I agree with all of this for “normal” people.  I think that normal people should only take on debt to go to college and buy a meager house, and maybe to buy a first car.   They should save their money for retirement and live a very frugal life.  They should max out their 401k and invest in mutual funds.  (For all people even these I strongly suggest that they separate their home equity from their home, it make much more sense.)

But for us E-Type people this is crazy talk.  I know I can do much better in life than that sort of existence.  If we have a good idea we should borrow to make it happen if we don’t have the resources ourselves.  We should keep an eye out for the needs of others and look for ways to fill those needs.  We should delegate anything that we can to free up our time to focus on growing our business.   We should focus on increasing our income 10 times as much as we focus on where it all goes.

E-Type people should give away money with abandon to worth causes.  I personally believe in Christian education and I help out many children go to private Christian schools, third world children who would not have a good education if I did not help out, now they have a chance to be something great in the future.  Almost every millionaire I know gives away more money per year that most people earn.  I remember a few years ago my Grandfather walked into his local church and gave them $100,000, just a few months before he died.  I remember growing up with my uncle and seeing him write checks for $5,000 when a missionary came to his local church.  I remember he would always give us $10 or so every time the offering came by and we would dump it in, teaching us to give.  I have a good friend locally who makes over $50k a month and gives over $10k of that away each month.    We are blessed to be a blessing, the more you send out the more you will get — people just don’t get it.

Final Thoughts

I really hope that you have gotten inspired by all of this.  I was inspired by the 7m7y project recently.  And just this week by two other great guys.  We really

The KEY to success in this world. It will surprise you. How to get the next big idea.

What is the key to success? I think the key is DOTS….let me explain.

You need to recognize dots. Put yourself in a position to see dots. Remember dots. But most importantly connect the dots creatively. Once created these connected dots can be acted with to create something new. Of course success is more than just dots, but dots are the key that unlock the whole thing.

This is the blog I have been thinking of writing for months now, and I finally am getting it done for you to read.

So what are dots, well dots are ideas, facts, and thoughts. Dots are EVERYWHERE, there are many dots in everything you see and touch. In the world of products you can ask: Why is something made like that? How did they make it? How is it marketed? How is it given to the customer? In the world of human relations you can ask: What motivates that person? What is important about they way they do that? How do they spend their time? Why did that person do that?

The basic questions that you need to ask are:

  • Why is this important?
  • How did this come to exist?
  • What can be done with this?
  • How can this be done better?
  • Who could use this?

Most people spend their whole life going around, surrounded by these dots but almost never thinking about them. They don’t think about the why, or the how of the things that surround them. I have ALWAYS been someone who sees these ideas and concepts and I have “collected” thousands of dots in my mind. I much rather watch an educational show on TV then entertainment. I watch to see what leaders do. When I am in public, I watch the way that people move and interact, and try to figure out what is important for them. I spend huge amounts of time on the internet trying to figure out how stuff works.

Most people see success as money so I spend a lot of time figuring out how money and business works. One thing that I just totally love to do is to go to shows, you know the kind were businesses set up these 10”x10” square boots and try to get people to see the vision of their idea. I can not get enough of these shows. I go to everything, from the state fair to the home shows, to CES in Vegas, to the small local business expos with 30 people there. You get more dots each time. Sometimes you get very little of value but other times it is huge.

I also watch commercials. I like to see products marketed, and I think about how effective that form of appeal is working, who the target is and if what I see will work. The worst thing is when they repeat the same commercial over and over, I can’t stand that. So the key is to keep your mind open, always be looking around.

It is important to remember these ideas, I usually have a great memory and do much if it in my head, but I also make lists, and more recently write blogs. I have always written, I have 10 page “blogs” that I wrote about many things before blogs were even invented. When you get a few parts of an idea then put it together, write it down and label it for easy retrieval in the future.

Once you have a ton of dots you can start to see how they can connect. This is the hard part, it takes creativity, and looking out of the box. You see a want over hear and then a solution over there. Once you start thinking like this you will start to see how poor many things are done. It is often hard for me not to complain about something, but I am only doing it because I see how it could be so much better, and have much more potential. Often, now, I don’t bother trying to help, because most people don’t listen anyway, and most of those that do will never act on it. Here is an example: One idea I often have is that a buffet is going to have to fill you up, so they may as well fill you up with soda, because it is cheap and very filling, yet about half of the buffets I go to charge extra for soda and many people there do not buy it, so they then fill up on meat and other expensive foods. So I did research on this and found that almost all the successful buffets include soda, and the ones that don’t often fail. This one simple thing determines the success of a buffet restaurant more than almost anything yet when you explain it clearly to a buffet owner they don’t get it and just think I am complaining.

One bad thing about having a creative mind is that before you get a chance to do much with an idea you get another idea that makes you excited. I have had so many ideas that I have had to suppress or let go simply because I knew that if I would go after it, I would be distracted from the idea I am working on now. What a creative person like me needs is a partner that can get these things done and run with it after I create the ideas. This is what most of the rich and successful people do. Look at Bill Gates, or Warren Buffet. Warren looks at a business idea and can see in a few minutes the potential or lack of it, he then makes a decision, buys it then connects it with his business model, and his leaders and they run it and turn it into something much more successful.

What I want to do more than anything in life is help people reach their potential, but I can never do this unless I am very successful. So the plan for me to reach this is to implement my ideas. I have spent much of my life collecting dots, and then creating new creative structures with these dots. The problem is that I have lacked the resources to do much with these great ideas that I have come up with. Other times I just see something as obvious but not worth fixing.

One recent example of this is my idea to “recycle” the heat from clothes dryers. People always want to save energy, and recently this has been taken to a new level. So I have always thought that when you dry clothes you are creating all this hot air and just venting it outside. Why do people do that? How could it be done better. So a year ago I simply unhooked the dryer from the vent. It quickly made the house hotter, and allowed for me to save on my heating bill, but quickly lint started to form. So then I decided to hook up the airhose to a cloth laundry bag, about the size of a king pillow case, that had a cinch cord on it. And “Ah Ha” it worked. I now can dry my clothes and not waste the heat. When the cloths are drying the bag blows up and a nice warm smell fills the house. Of course, during the summer I want the heat to go outside, so I simply hook it back up to the vent. This is an example of a way to do something better, that most people have not thought of. This is also an idea that could be a huge business or product for someone, but I have too much on my plate right now.

Another idea that I am doing right now is the idea of allowing computers to be sold by charities as a fundraiser. It solves two needs at once. It solves the need of my computer company to sell more products, but it also solves the need of charities to have a better product to sell. We have started it recently to limited success. There are finer points that will need to be figured out, but in just a few months I hope this idea will make a ton of money.

Other ideas that we have tried simply suffered from bad situations. One idea was that I saw a very nice a beautiful stone tile produced in a third world nation using cheap labor to make a great products. I also saw the need for these decorative products upscale homes and businesses. So we borrowed money and imported three containers of this stuff, spending a ton of money, because we had a tile distributor that saw the vision. But later on that distributor changed his mind. (I still think he would have had great success). So we looked for another vendor and finally found one, but this new vendor has not given our tile the proper promotion and it is buried in with hundreds of other products in a place that get limited exposure, so it has not sold. At the same time the real estate market crashes and the dollar dropped like a stone, making the tile cost more to import by 20%. I still think it is a great idea, and with the proper tweaking, it will be a huge success.

Now I have another great, and huge idea I am working on. I think, of all the ideas I have ever come up with it is the best, the one that will help the most people and be very successful. But once again I need the resources. I am working on that, I hope my business partner really comes through for me on this, because we need it, and people out there need this idea. More details on it when I have it all set in place.

So I hope you now see the important of this idea. I have been thinking about the how, why, and who along with how to make things better for as long as I can remember. I have memories when I was very small wondering these things. Most smart kids naturally wonder this, that is how their brain is wired, but many adults train their kids not to think that way, to just follow the rules, and don’t ask to many questions, and by 5 years old they learn this, and by 10 or so they are set in their ways for the rest of their life. So for most of you reading this, finding, collecting and connecting dots will not be easy for you. You probably have not been practicing your whole life. But it is very worthwhile to change, to start today.

90% of people just let life happen to them, they don’t plan and dream about the future, they don’t see what they can really do with their life, they have given up. I refuse to give up, I dream every day about how I can change the world. And I hope I have made you dream a bit, and start thinking about dots.

Jason Dragon

What's the Big Idea

There is a show that is on every weeknight on CNBC, it is called the Big Idea with Donny Deutsch.  If you have not seen this show and you are at all interested in being an Entrepreneur then you are really missing out.  This show is full of concepts and ideas about how to successful, how to start your business and how to make that business successful.  Look for it.