This post topic is one that I've been mulling over for a while, and I think it's pretty fascinating. Something I've realized over the past two years of running this site is that everyone seems to have a different level of financial motivation.
I've met people that are the hungriest/scrappiest hustlers that would find a way to squeeze $100 from a turnip.
I've also met people that seemingly don't care about what happens with their money at all. They basically just “let” their finances happen to them. If they make it, cool. If not, eh.
Let me tell you a story about myself waaaay before I even thought about starting M$M
Honestly, I haven't even told this “business” story to many people I know personally so this should be fun!
Unfortunately, my college career lasted 5.5 years (no laughing please). The main reason was that I was undecided my first year, and then opted for music education which is a 4.5 year minimum degree. The last half year is an internship at a school, which I completed at what would have been the middle of the school year.
So basically I graduated when there really weren't any good band directing jobs available.
I was totally broke. I want to say I had about $500 to my name, and then obviously $40,000 of student loan debt that was in the “grace period.” Yay.
A family member came to me with a business proposal…
Some family from my wife's side had recently moved into town from out of state, and her older cousin and I hung out a ton while I was waiting for jobs to come up.
One day we started talking about potential businesses, and came up with an idea for a clothing company! We were going to take a really popular style from California and change it up to make it a “Texas thing”.
So we actually created a DBA, bought merchandise, the whole nine.
We split the costs and I ended up dropping about $250 (aka half of my money) into shirts, logo production, and a website.
I was SO excited…and then I got cold feet. I told my business partner I wanted out for various reasons, but mainly that I thought trying to run the business would interfere with my teaching career and that doing business with family was a bad idea.
After I told him, he said something to me that I will literally never forget:
“You're not hungry enough.”
And…he was 100% right. I struggled with that for a while, because who doesn't want to make money, right? I seriously thought there was something wrong with me because I legitimately wasn't “hungry.”
Before I started this site, money just didn't intrinsically motivate me to do crap. My $50,000 teaching salary was going to be fine.
I developed my current level of hustle over several years
My wife can tell you – I talk about money, business, and sales more than probably anything else now. I wouldn't even be able to recognize the guy I was that opted out of the clothing business years ago.
*Side note* – Writing this post makes me want to start up the clothing brand again because I know that I could hustle the crap out of it and turn a profit.
Making more money is truly something that becomes addictive once you figure out how to do it, and I'm not entirely sure why yet (for me anyways). I guess it gives some people an adrenaline rush temporarily, but I know that it has nothing to do with creating long term happiness.
My financial motivation now comes from wanting to give my wife and future children the best life possible. That's pretty much it. I don't really care about “stuff” too much, and I'm even reluctant to go on cool vacations because I'd rather work on my business.
Related: The Free M$M Blogging Course!
I'm curious how it works for you
I really just want to see what you think causes that “hunger” that I never had until I started this business.
Is it a cultural thing? Is it about upbringing? Are some people just born with a need to make a ton of money?
Also – I do want to reassure you that if you are like I was previously, you can learn how to make money. You just have to surround yourself with mentors or communities like this one at M$M where people are passionate about it!
The M$M crew is full of side-hustlers, salespeople, small business owners, etc. that love talking about $$$. Interacting with all of you is one of the biggest reasons that I stay hungry and try to grow this site every. freaking. day.