07/18 |#026| This Is Why You Should Maximize Your 401k

• THEIR SUCCESS: Justin Welsh is a “Solopreneur”, who makes $1.7M with 0 employees. Running a $1M+ business by yourself sourced right here for you.

• YOUR SUCCESS: “Why everyone should start an email newsletter.” Video by Ali Abdaal who has 4.5M sub’s on YouTube.

• THEIR SUCCESS: Learn how this dude, Gergely Orosz, grew a 400k email subscriber base and brings in $1.5M for his technology newsletter 🤯 

• YOUR SUCCESS: Here are 10 ways on how you can turn your followers into subscribers.

Get curious, reach out to people and ask questions: 

For example…

Following someone online and they post about something that interests you?

DM them and ask that person a question. Maybe even ask to get on their calendar and see if you two can chat for 15 minutes.

Try not to make it harder than it needs to be.

Shoot your shot.

If they don’t respond, so be it. At least you tried.

Eventually, you will turn a “no” into a “YES”.

How the heck can I maximize my 401(k)?

Short & Sweet: Last week, we talked about diversification, which is one of three crucial steps to doing this. In order:

• Contribute the max allowed by your job (and take advantage of employer matching.)

• Start as soon as possible!

• Make sure your portfolio is diversified.

Why It Matters: Because we all long for the day that we can stop working and bask in the glory of financial comfort.

This is a step towards that direction.

Let’s go a bit deeper with ChatGPT on the importance of contributing the max percentage.

• Self-Interest: Talk about the habits of millionaires and how they can help you achieve your financial goals.

• Human Interest: Talk about Steve Blank, “The Father of Modern Entrepreneurship.”

• Artificial Interest: Talk about tech experts’ advice in response to the question, What’s the single most important thing that people should be doing to prepare for AI?

🎮️ MICROSOFT:

The FTC was a bit worried that a merger between Microsoft and Activision Blizzard would hurt the gaming market, resulting in popular titles like Call of Duty being pulled from Playstation.

Crisis averted, according to head of Xbox Phil Spencer: “We are pleased to announce that Microsoft and Sony have signed a binding agreement to keep Call of Duty on Playstation.” The Microsoft-Activision merger is ironing out.

💻️ wix:

Amateur website-building just got a whole lot easier.

“The company’s new AI Site Generator tool, announced today, will let Wix users describe their intent and generate a website complete with a homepage, inner pages, and text and images - as well as business-specific sections for events, bookings, and more.” So if you need a website - register with Wix, prompt the AI, and you’re done. Easy as ABC!

🧑‍✈️ UNITED AIRLINES:

It’s a good day for pilots.

“United Airlines and its pilots’ union have agreed to a deal that includes pay increases of as much as 40.2% over four years.” It was rumored United would look to the OTF team to step in if a deal couldn’t be reached; after all, we know all about living on the fly. But even we agree this outcome is best 🤣

👕 👚 shein:

AI being used unethically? Color us shocked.

“A group of designers are suing Shein, the Chinese fast-fashion firm reportedly valued at $66 billion, for allegedly stealing independent artists’ works ‘over and over again, as part of a long and continuous pattern of racketeering.’” This isn’t the first lawsuit of its kind and certainly won’t be the last.

Food For Thought 🤔 

jaozolins

2 Do This Week 💡 

• Check your 401(k) details — and if you can afford to, adjust to max contribution!

• Take ten minutes to think about how you can maximize the effectiveness of your social platforms.

REMINDER: If you refer one other person to our newsletter, you will obtain an AI Cheat Sheet that can help get the most out of this awesome resource. 

Once they subscribe, you get awarded for the referral, and the cheat sheet will be sent to you directly.

It’s that easy. All you have to do is forward the link below to one person 👇️