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15 Little Life Hacks

Consuming vs. producing

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Got this note from a reader named Hamza.

You hit me man. You hit me hard.

I was reading your “Find Your Profitable Idea” ebook…until I hit the “STOP” page. As usual I kept reading it and though “I’ll do it later. No worries.” Then I read the page that came after “Consumer vs. Producer”: that’s where it happened. I stopped for a minute and realised that I’ve been consuming personal development content for close to 3 years now without much action… THREE F#$%# YEARS!

Having said that, I did get some results in my life (I got my shit together and I am about to start a PhD in one of the best universities in the world). But really, I only used 1% of all the stuff I read over the years (including your IWTYTBR book) – and I’m pretty well off. I can only imagine where I’d be if I just acted on 10% of what I read. Argh!..

Anyway, just wanted to drop this quick email. Just know this, even if I don’t get my Earn1K profitable idea (even though I’m certain I will by the end of the program), just those couple of pages had a big effect on me.

It’s so easy to consume. It’s much harder to produce something.

That’s why the rewards for successfully producing something that people want are so disproportionately high.

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46 Comments

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  1. This is so true, that’s why it’s easier to be poor. Obtaining and growing your wealth takes time, disciple and work!

  2. A post like this is always eye-opening. A sense of pride hits me when I glance over at my book stack beside my desk (Crush It, IWTYTBR, 4HWW, etc.). Then I ask myself how much of this information have I applied? That’s all that matters. By sending a few simple emails I was able to increase my freelancing income. Just a few simple emails.

    • What few simple emails? What do you mean? Can you explain this? I’m trying to develop a freelancing business doing family education consulting (soon I’ll even have letters after my name because of my degree). What are you doing for freelance work?

  3. Matthew Peters Link to this comment

    “That’s why the rewards for successfully producing something that people want are so disproportionately high.”

    I couldn’t agree more. So many times we consume extraordinary information – synthesizing into a few hours of reading what took 10 or 20 years of education, experimentation and life experiences through their book – but we don’t produce anything in our own lives following the encounter.

    We can’t stop at the good feeling we get when we put the book down – nor can we merely use it in a conversation piece at a party or make a passing comment on it as a simple blog post. We must embody the greatest information we have collected and become a proponent of the best-of-the-best information that we have processed.

    Knowing what information is worth using and learning how to produce something that the market truly wants is the key. Otherwise we may just become brilliantly broke.

  4. Hey Ramit,
    I just started applying your “Find Your Profitable Idea” tips and I have to say its working wonders. Just as MD here, I sent a few emails (4) and already got 2 new customers. So I had to say thank you. I didn’t have time to check the earn1k and beyond1k material yet, so much info, I don’t even know where to start tbh, but I can’t wait to read about new tips form you…

  5. Why can’t I find this ebook? I need help like you can’t believe. It’s embarrassing to admit, but I’m really at the end of my rope.. both financially and mentally.

    • Jennay, it’s not available publicly right now. Best suggestion if you’re stuck financially is to start with a simple book — either mine or check out Suze Orman or Dave Ramsey if you’re in debt.

  6. What great personal insight. I feel that way sometimes when I read stuff. It will remind me of a friend who could benefit from what I’m reading and I probably only pass along the information 25% of the time. Just think how much life changing action could take if I shared information 100% of the time.

  7. Hi Ramit,
    I don’t know if it is normal but this post doesn’t appear in the RSS feed. I find it by accident.
    Great post, it hurts.

  8. Ramit,

    This post definitely hits very close to home. I had read T4HWW and your book several times (more times than I care to admit) without taking any action. I even joined your Earn1k program, again without taking any real action for months. I felt great “knowing” the things I learned but they were of no real benefit to me. I wasn’t doing anything with what I learned!

    To make a long story very short, I eventually ended up identifying a very small niche group that only I and a few other people have access to, and providing them goods that they absolutely need. I ended up crushing the 1K goal that I had set for myself. This first venture of earning money on the side was a surprisingly quick win and really galvanized my latest effort.

    Which leads me to my shameless plug:

    http://www.25waystodrinkmoscato.com

    This is my latest effort at taking action to really crush my goals of earning more. At the same time myself and my partner are providing a line up of products that everyone in our target niche needs! The book contains 25 drink recipes all including Moscato wines (which everyone loves because they’re sweet and easy to drink) and also 5 bonus dessert recipes. Moscato wine sales are up tremendously across the United States and so this represents a giant niche group that is willing to spend money on products that they consume everyday!

    I really wanted to share this with you and your readers. The knowledge I have gained in the past year has really changed my life! But without taking any action, I’d still be where I was in the beginning of 2010…essentially in the same place I’d been my entire life.

    Thanks Ramit, and please let me know what you think!

  9. “I can only imagine where I’d be if I just acted on 10% of what I read.”

    Absolutely. All the knowledge in the world is useless if not put into action. Funny, as hard as it can be to get moving, once you’re going and seeing results moementum will keep propelling you forward.

  10. How true. We can read about good ideas for hours and it doesn’t produce anything until we stop and act. I know I sometimes have far to many project ideas planned rather than executed. It always tempting to spend more time reading because it’s educational when really it’s just being lazy if there are projects waiting.

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