Comments on: Knowing vs. doing: Let’s compare these 2 friends who try to earn more

By: Vas

Vas — Thu, 12 Nov 2009 06:56:29 +0000

Thank you for this article. Very inspirational. I started my business around 12 months ago and not making a lot of money. Have had thoughts of closing but I honestly believe a break through will come soon and income will start to flow through. I believe the more NO’s you hear the closer you are getting to a YES. It has been hard to keep battling on but success stories do keep me going.

By: Credit Card Chaser

Credit Card Chaser — Thu, 05 Nov 2009 04:01:32 +0000

@ Richard

You are exactly right and I wish that I had said exactly that!

In reference to your comment “Get off of your butt and find something. Everyone is good at or knows something about something.”

I just wrote a guest post for Ron over at The Wisdom Journal that talks about exactly that: http://www.thewisdomjournal.com/Blog/everyone-is-an-expert-at-something/

By: Richard

Richard — Thu, 05 Nov 2009 01:28:43 +0000

I think some people have missed the message. Erica even reiterated the point. If you WANT to get out of the rat race and want to run your own business and make a lot of money (by the way, there’s nothing wrong with wanting to make money), then you will do whatever it takes to accomplish this goal. The naysayers or the employees at heart will never understand this, but that’s good. Otherwise, who would I employ? When a person wants something so badly, they don’t quit and do whatever it takes like Erica. Erica did consulting work to pay the bills while she was building her million dollar plus business. She did what it takes and still is doing what it takes.

If you don’t know, or you’re going to whine about “how do I do it?” or “how do I pay the bills?”, then you don’t want it bad enough. There’s a ton of information “out there” to find out how you can pull some income in while building what you love/your business. Get off of your butt and find something. Everyone is good at or knows something about something. If you REALLY want it, there’s no excuse why you can’t have it. If you disagree with what I’ve said, then you probably make a good employee and that’s good for you – all the power to you. I hope you’re happy, I really do. I, and a lot of other people will do whatever it takes not to be an employee. Whatever it takes.

By: Top 20 Personal Finance Blogs- Talk with Tim

Top 20 Personal Finance Blogs- Talk with Tim — Tue, 03 Nov 2009 20:39:20 +0000

[...] a healthy dose of entrepreneurship-focused lessons. Learn how to negotiate like an Indian and learn how to DO instead of simply KNOW. [Stats: PR3, Unknown Subscribers, 32,836 Compete, ~153,253 Quantcast] Find Ramit on [...]

By: Are you serious about your physical fitness? Six questions to ask yourself now. | Blog | Simpleweight.com

Tue, 03 Nov 2009 15:01:35 +0000

[...] in publicly. There is value in that. Still, it reminds me of a conversation that I read about Knowing vs Doing and personal finance. What I mean by that. There is a difference of reading and learning about fitness and weight [...]

By: Concojones

Concojones — Sun, 01 Nov 2009 01:14:42 +0000

Erica,

Thanks for the great post. Even though I like to see myself as someone who ‘holds on’, I know that too often I give up early. The interesting thing is that in most of those cases I acknowledged I’d been after it for the wrong reasons (like chosing money/status over passion — for some reason that doesn’t work out for me, but I tend to forget).

By: Tina

Tina — Fri, 30 Oct 2009 12:25:42 +0000

@erikadouglass Absolutely! I will email you the details. Thanks!

By: Omar

Omar — Fri, 30 Oct 2009 04:04:41 +0000

This made my night. You never know how close you are to reaching your goal. We can’t give up because we were made to succeed.

By: Credit Card Chaser

Credit Card Chaser — Fri, 30 Oct 2009 03:57:17 +0000

@Kevin

I think that the key point is that it takes a lot of hard work, time, smarts, etc. to make it work as an entrepreneur as opposed to the get rich quick mentality that many people have that cause them to be all gung ho about starting out on their own but then quickly give up and go back to the “safe” route of getting a job. I think that Erica makes this point well when she talks about how her revenue was quite small even after the first 12 months and her friends/competitors just gave up while she kept at it. This is similar to the guest post that I did for Matt Jabs over on DFA that contrasts the risks of being an entrepreneur vs. the risks of being an employee: http://www.debtfreeadventure.com/2009/10/is-entrepreneurship-riskier-than-employment/

By: Kevin

Kevin — Thu, 29 Oct 2009 11:26:31 +0000

Ramit, I want to apologize for the brusqueness of my posts. As you may have guessed, I’ve had some extremely negative past experiences with MLMs. Your story read *exactly* like the kind of propaganda they use to fool potential recruits into believing they can get rich quickly, and it just struck a nerve with me. I’m sorry if my comments distracted from your (perfectly valid) underlying point: don’t give up on things you believe in.