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Saturday, December 21, 2019
How to make $1,000,000 doing absolutely nothing
How to make $1,000,000 doing absolutely nothingHow to make $1,000,000 doing absolutely nothingJennifer Aniston just made over a million dollars doing nothing.Only one word in that sentence is debatable. That word is not nothing.Its just.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreWhen I say just, I mean last December. Toward the end of 2018 Netflix renewed its agreement to air the show Friends. The price tag on that agreement? $100 million.To we viewers, it will appear as if nothing happens. We keep rolling Friends to put us to sleep at night, or at the very least, watch the thumbnail on the trending now row rotate between Rachel in a skimpy negligee to Ross in a skimpy Frankie Say Relax T-Shirt.Behind the scenes, each of the six stars of Friends watch another $1.4 million fall into their already-crammed bank accounts.Ca-ching.I dont talk about this a lot. I should. At the end of the day, i t is nice to disappear into creative land. It is nice to have a hobby or a job you enjoy. It is nice to chase art for the sake of art.It is also nice to make money.David, Courtney, Lisa, Matthew, Matt, and sweet Jennifer of Friends fame are all cashing in 7 figures not because of what they are doing now, but because ofcreative work they did in the past which reached the right audience.They have, as my business friends would say, an asset.Quickly, here are some other assets I can think of real estate, stocks, bonds, mutual funds, equity in a business.Look the list of assets together and answer this question Which one doesnt seem to fit in?Real estateStocks or bondsMutual FundsEquity in a businessCreative Property**You lawyers can go ahead and say intellectual property.Now answer this question which of these assets feels most accessible to you?All these things (with the proper care) grow over time and pad your financial health. Only one of them can be started with absolutely zero cash up front.herbeies an example In 2016, I released an ebook. A friend did the cover for free. Another friend did the formatting for free. I asked a few thousand followers (which were also not paid for) to buy the book.The gut-wrenching price I charged? 99 cents.Out of those thousands of people, only 120 bought. I used that money to buy a microphone. The microphone and I retreated to the basement, where we recorded my audio book.This is where it gets fun.In 2016, the audio book made $200.In 2017, the audio book made $742.33.In 2018, the audio book made $2,060.97.In 2019, the audio book has made $596.16.If I stay on pace, the book will make somewhere around $3,500 this year.Which is nice, considering I only thought of it once in the last 18 months.But Todd, Audible/Amazon could change their algorithmSure. And Netflix could refuse to renew Friends. And the stock market could crash tomorrow. And, and, and.But Todd, the people from Friends have way more exposure thanme.In Belgium, there l ives a musician named Angle who has 427,000 Youtube subscribers.Have you heard of her? No. Her songs are mostly in French.Everyone is a nobody to somebody.But Todd, you have a talent in writing.Talent? Maybe. I do have theskillof writing.All it cost me was 1,000,000+ words on hard drives and clouds.But Todd, I just cant make a living from creatingart.Why? Because someone told you it is impossible?A long time ago, somebody told me that too.But today, all the money I make is a direct result of things I make up in my brain.And it all started with a little book.Even, then, I had no idea where that one book would lead. I just listened to a close friend who told me these wordsStart today.Start now.Much love as always ?This article first appeared on Medium.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your producti vityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people
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