#42 Passive Income 💭 Productive Self-Communication 🧠 and a Promising Start to November 🍂

Good morning and welcome back.

And welcome to November, one of our favorite months of the year. So much to think about - that Thanksgiving menu, the bigger holidays that follow, whether or not to grow a mustache…

Or you can just keep doing what you’re doing and continue to get better one day at a time.

No matter what month it is, we’ve got you covered there.

Here are this week’s highlights:

🧠 Passive Income Inspo.

💭 Communication Tips for Talking to Yourself.

📊 A Business-Heavy Search Bar.

➕ Much. More.

Experts’ Advice 🤝 

Who is Dr. Julie Gurner? 

• She’s gaining more and more traction on X (115,000+ followers) and consistently puts out great content across all her socials, including LinkedIn.

• She also writes an epic newsletter called Ultra Successful, where you “start your week with the most successful people on earth.” It currently has over 20K subscribers - click that link above to add yourself to the list.

Who is Alex Hormozi? 

• He founded a company called Acquisition.com that helps low-to-mid-market entrepreneurial businesses grow with the best practices of private equity. Alex is also one of the top business minded creators across YouTube, Instagram, TikTok and Twitter.

• Here’s his X profile. The guy has some really freaking good perspective on business, at least according to his 510,000+ followers.

Hustle Hub 📈 

• THEIR SUCCESS: Speaking of Alex Hormozi, learn from his journey on his $100M business and how he got there. 

• YOUR SUCCESS: Trying to build a social media following from scratch? Learn how from Dan Koe, who has 420,000+ subscribers on YouTube.
  

• THEIR SUCCESS: Here are three gems from three billionaires (accompanied by links to the podcasts, speeches, and Q&A’s they were pulled from if you want more).

• YOUR SUCCESS: If you find yourself thinking more and more about becoming your own boss, Read. This. First.

Making Cents 💰️ 

What the heck do I need to know about Passive Income?

Short and Sweet: Let’s start with what it is: it’s income earned without actively, continuously working for it.

Why It Matters: Because it’s a key piece of building wealth and achieving the quality of life you long for.

💡 Here are 3 of the most popular passive income ideas…if you want more, click that button at the end of the section.

1. Sell Digital Products: Whether it be a course, PDF, e-book etc. this is the type of product where you can make the asset once, and then you can sell it repeatedly via your website or online business.

2. Sell Handmade Goods: Think Amazon, Etsy, or Shopify on where you can sell your goods. A great one to pursue if you are crafty and are looking for a way to make more.

3. Become a Blogger: You can earn passive income through your blog by selling affiliate products, creating sponsored posts, or running ads.

From the 🐐 himself…

The Search Bar 📊 

As of 11/06 at 11am ET.

• MOST SEARCHED INDUSTRY (past 24h):

  • CLOUD COMPUTING - The market is expected to grow by $430 billion by 2027; the short article above talks about market challenges and companies leading the way.

• BUSINESSES AMONG THE TOP 10 SEARCHES (past 24h):

  • CITIGROUP - Major changes coming under CEO Jane Fraser.

  • BOOKING.COM - Thanksgiving at Martha Stewart’s house?!?

  • DISNEY - Hired former Pepsi CFO to same position.

  • TYSON - Recalled 30K pounds of 🐓 nuggets
    

• MOST DOWNLOADED FINANCE APP (past week):

  • CASH APP - It’s held this spot for over a month now and shows no signs of slowing down.

Cool Communicator 🧠 

Communicating with YOURSELF to Boost Creativity and Productivity:

Communication with others is vitally important, especially in the business world, but what about communicating with ourselves?

This article from Psychology Today offers 4 phrases you should speak (or think) to yourself consistently in order to develop fresh perspective, tackle problems, and learn from failure.

TL;DR:

1. “What if…” - The most fundamental of creativity-boosting questions.

2. “I don’t understand…” - Inevitably leads to exploration, learning, and self-improvement.

3. “How can we do this differently?” - Opens up a world of possibilities and outside-the-box thinking and problem-solving.

4. “What failures did I have today?” - Hindsight is 20/20 and, when applied to our own shortcomings, can make us better moving forward.

If you’re in a rut, need new ideas, and/or have complex problems to solve, use the gems from this article and talk to yourself!

(Just not out loud while in public 🤣)

Major Moves 🗞️ 

 ☕️ STARBUCKS:

“Triple Shot Reinvention” plan barely mentions coffee.

Starbucks has a new CEO who plans to take the coffee company to the next level. Oddly enough, coffee is a shockingly-small part of the plan. “Triple Shot Reinvention will focus on three priorities: elevating the Starbucks brand, strengthening the company’s digital capabilities, and becoming truly global.”

The word coffee is mentioned in the plan, which was published late last week, only 8 times while all-day breakfast and snacks play a more prominent role.

 🤝 bumble:

Bumble is buzzing over their new CEO.

The CEO and founder of dating app Bumble is stepping down, and she has tabbed her replacement: former Slack CEO Lidiane Jones. “Jones secured the top job at Slack earlier this year after hold other executive positions at Salesforce and spending more than a decade at Microsoft.”

Only time will tell if the change can help Bumble, whose stock is down 35% YTD.

 🦾 practica:

AI-driven career coaching and mentorship because, why not?

The whole point of AI, at least from an idealist point-of-view, is to make our lives easier. And life gets easier when work gets easier. Enter Practica: “The company, which evolved out of a marketplace for one-on-one executive coaching, has now launched an…AI chatbot experience [that] functions as a personalized workplace mentor and coach that can aid professionals” in better the following skills:

• Management

• Sales

• Marketing

• Data

• Design

• Finance

…and more. You can check out their website here.

📽️ agentio:

YouTubers take more control of their ad sales.

Every day, it seems to get better and better for content creators, and Agentio aims to keep that train rolling with a platform for content creators to sell advertising. “The situation is grim…even large creators are only selling 10 to 25% of available ad slots.”

If Agentio has its way, that number will increase significantly, and the result will be even more $$$ for content creators.

Food For Thought 💭 

2 Do This Week 💡 

1) Check On Your Habits:

Looking back and checking in on your habits for the year is important for growth.

Speaking of habits, build better habits with tips and inspiration below. Read is 3 mins every Tuesday (cough cough today) and is 100% free.

2) Immerse Yourself in Fall Foliage:

Before trees lose all their leaves, be sure to get outside and enjoy the vibrant colors of nature only available during autumn.

If you live somewhere with at least three seasons, this may be as simple as stepping outside for a few minutes each day; for those that reside in a warmer climate, consider a short getaway before it’s too late.

You are now On The Fly and In The Know.