Debt

4 Fears You Must Destroy To Win At Reselling

September 17, 2023 By Alex Hyun Leave a Comment

Fear is the only enemy of success.

As Grant Cardone said, fear is the great indicator.

If you are afraid of something, this usually means that what you fear is something that will move you in the direction of success.

As Greg Plitt said, behind every fear is the person you want to be.

To get rich and achieve all your financial goals, you must face and destroy every single one of your fears one by one.

When you embark on your journey to the top, you will most likely be completely shackled by fear.

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How To Get Rich Using Monopoly Money

August 19, 2023 By Alex Hyun 3 Comments

The first step to going from broke to rich is to have a complete mindset shift.

Getting rich is not based on a monetary value.

Rich is a mindset, and once you master this mindset, you will get richer every single day.

You will see yourself becoming more wealthy, unlike most people who see themselves becoming poorer every single day.

One day, people will tell you you’ve made it, but the reality is that you became rich even when you had $0 in the bank.

In fact, unless you become rich even when you have $0 in the physical realm, you will never earn a single dollar without having to work a job.

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How I Use Debt To Get Richer (AMZ Credit Card Guide)

August 15, 2023 By Alex Hyun 4 Comments

WARNING: Before you read this you must read “The Dangers Of Overleveraging“. Keep in mind that this credit card guide was written from the point of view of someone with $0 and 0 credit trying to grow as fast as possible. While I succeeded, it might not work for you. Instead of deleting this post, I decided to keep it up as documentation of what I did to get to where I am. It’s a true story. This is not financial advice. I am not liable for reckless debt accumulation or your business failures. Credit Card Guide Part II coming soon on MKAMZ.

Here are my updated thoughts to keep in mind [9/29/2024]: High interest debt works during a period of rapid inflation which is when I wrote this blog post. You want to make sure you don’t take on interest rates higher than the rate of inflation if you want to make money. In fact, I highly advise you don’t pay interest at all.

Don’t be a retard who refuses to use debt to get rich and buy inventory, but then goes out and uses consumer debt to buy a car you can’t afford to flex on people online. That’s laughable.

Do I still use debt? Every single day.

Do I pay interest? Zero.

Do I still use Amazon Lending? No.

Do I still use personal credit for business purchases? No.

Is everything in this blog post true? Yes.

Do I save money? No, but I stack massive quantities for future opportunities.

Do I max out my cards? No, I only use business charge cards without credit limits now. My utilization is about 3-6% on my personal cards at all times.

Do I care about my credit score? Not really, but my credit is perfect now and I have all the cards I want.

My plan unfolded exactly as I expected, but it might not play out the same way for you.

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This will likely be a highly controversial post because I will teaching you how to utilize debt to get richer.

Most people use debt to get poorer.

Even more people believe debt is terrible and the way to get rich is to get out of debt.

They believe every word Dave Ramsey says, cut up their credit cards, eat canned beans and live far beneath their means.

The same people who believe debt is bad are the people who believe that saving money is good.

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The No Bullshit Guide To Going From Zero Dollars In The Bank To 6 Figures On Amazon

July 30, 2023 By Alex Hyun 6 Comments

Everyone wants to know if it’s possible to go from having $0 in the bank to making over 6 figures in sales on Amazon.

Not only is it possible, but you can do it in a year or less.

I know this because that is exactly what I did.

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What I Learned From Rich People Who Don’t Pay Taxes (How You Can Do The Same)

April 21, 2023 By Alex Hyun Leave a Comment

I’ve spent over 10 years studying rich people and their mindset.

I began reading self-improvement books in 2014 after I graduated from high school.

I was hungry for success and determined to make it by any means possible.

Unlike the majority of people who claim they want success but their actions do not line up with their goals, I always took getting rich seriously.

I embraced the Grant Cardone mentality of viewing success as a duty and an obligation to oneself and the people around them, as opposed to viewing success as something only achievable if you are born with a silver spoon, which is the way most weak-minded individuals think nowadays.

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