I took 126 notes from the book Rich Dad Poor Dad, which broadened my horizons, and in some of them, I interpreted them by examining them in terms of micro SaaS or entrepreneurship. I wrote these notes in 2022. But from a different perspective, I interpret them today in 2023. These words are magical. ๐ It teaches different things at different times. That’s why I look at it again every 3-4 months. This ensures that you don’t lose your route on your life journey.
These articles were also written to tell me when I look back one day.
NOTE: The following contains Rich Dad Poor Dad spoilers!
1. Those who save cannot become rich.
I think about it from time to time. I try to absorb the sentence. We can also infer from this that it is important to use paid tools when making a product. If you save money and don’t spend it on growing your business, you can’t grow it.
2. A picture is worth a thousand words.
Explaining onboarding with pictures or videos may be more effective than text.
3. Do not take economics lessons from people with poor parents because they have received an education based on poverty.
Jeff Bezos talks about something similar. He talks about working with people who produce high-quality work. There is a proverb in Turkish. “รzรผm รผzรผm รzรผme baka baka karฤฑrฤฑr.” (A grape darkens when you look at another grape.) If you have grapes in your basket that make bad products, your products will turn into bad ones!
4. Don’t say I can’t say how can I afford it.
Think about how I can hire someone who knows this technology or how I can learn this technology, not that I don’t work in the technology you don’t know!
5. Correct physical gymnastics increases the body, and mental gymnastics increases wealth.
Wherever you train your brain, it gets stronger. If you think bad things, you’ll always see bad things: bad luck, cowardice, even charm. You become what you think!
6. There is a difference between being poor and being bankrupt. Bankruptcy is temporary, poverty is permanent.
If I didn’t succeed with the product, I have to find where I failed. It’s a thought. Everything begins or ends in the mind. You decide whether it ends or not. If it ends, you’re a memory, if it doesn’t, you’re a legend!
7. I don’t work for money, money works for me.
I think about this saying from time to time. How can I make money work for me? I think working with freelancers and advertising here is one of the things that will make money work.
8. Don’t think poor! Think like a rich man! Don’t make products for free or cheap! Make products for people who will buy expensive and expensive!
This is a point that many entrepreneurs emphasize. The first computers were millions of dollars. If they weren’t millions of dollars, we might not be able to use computers today.
9. Money is power. But even more powerful is financial education.
I’ve been thinking about that lately. I’m a guy who can get money. I can find tens of thousands of dollars if I want, but I’m confused about how to make that money work and how to grow it. There are many things I don’t know. That’s why I need a mentor. I don’t have a mentor right now, but I’ve taken note of some things that people whose opinions I care about have said about me and I’m trying to realize them.
10. The rich don’t work for money. The rich make money work.
Think like a rich. Think like an entrepreneur. Eat like an entrepreneur. Walk like an entrepreneur. Sleep like an entrepreneur.
11. To give up is to be poor. At least you tried. Most people don’t.
12. Passion is a combination of anger and love.
13. The reason most people don’t quit their jobs is fear. Fear of not being able to pay their bills. Fear of being sacked.
You may not realize it, but you are afraid too. Find out what you’re afraid of and deal with it. What worries me nowadays is the feeling of failure. My mentor (he doesn’t know he is my mentor) told me that I should take risks. That’s why I’m trying to write 1000 blog posts on this blog.
14. Tell yourself the truth.
It wasn’t him. It’s because of you. If you fail, it’s your fault. You can’t pass the buck! It’s not about where you were born. There’s a formula and you have to follow it.
15. Emotion. Motion, energy in motion. You can be happy in motion.
16. Learn to think for yourself.
17. Is finding a job a long-term solution? No, it is not.
18. Seize the power of money.
19. If salaries are the carrot, the boss is the donkey cart owner with a stick. If you work for the salary, you’re always going towards the carrot, but you don’t realize how hard you’re working.
20. It is ignorance that fuels fear and desire.
21. If one skips the part of knowing and recognizing oneself, one falls into ignorance.
If you want to do micro SaaS, your first idea may be bad. Or maybe you’re not inclined to micro SaaS. I can’t tell you this because I don’t know you.
22. Don’t let money rule you.
Money is ruling me right now. I was sued for a startup, I won the case, but instead of borrowing money to pay for the lawyer, I chose to freelance. I took 3 jobs, one of them is finished, but the other two are a burden. Note to self: you must have emergency money! Note to self 2: asking for a loan instead of freelancing is a better option!
23. Learn to use your emotions to think. Not to think with your emotions.
Don’t make decisions at night! Serotonin, known as the happiness hormone, is released at night so that you can sleep comfortably. If you do not sleep at night and think, you will feel restless and lonely because the happiness hormone decreases. In this state, the things you think about make you make wrong decisions. So learning how emotions work when and how they work will help you make the right and powerful decisions for products like micro SaaS. Use your emotions to think!
24. Finding a job is a short-term solution to a long-term problem.
25. Working for free is not a bad thing. Depends. ๐
You have to train for it, you have to spend time with people who see it. You should sit at the same table and chat while eating.
26. To see what others do not see.
27. Good staff is hard to find.
28. You have to use your imagination to make money.
You can make more money even by making very simple changes to your current pricing. In this regard, I recommend you check out IrrationalPricing, the new product of Denizcan Sanlav, my former partner at CreateTargetAudience.com.
29. Rich people don’t work for money.
I think about Elon Musk. Maybe he’ll never see Mars. But he’s making great strides towards it. All the employees are working for maybe an empty goal. But it’s not a problem. Because it’s not about money here. Things where money is not the main thing, but extremely expensive things attract a lot of attention. Maybe that’s the whole formula. I don’t know. But one day I’ll find out.
30. Learn something and improve to be better.
31. The important thing is not how much money you make, but how much you can keep.
I think about it from time to time. We’ve been paid a lot of money. Maybe hundreds of thousands of dollars if we add it all up. But where is that money? What did our grandfathers do with all the money they made? What do we do with it? I don’t think it was ever about the amount of money. There are unknown elements in this equation!
32. Know the difference between passive and active and invest your money in assets.
If you can’t do micro SaaS, buy micro SaaS! If you don’t know how to do micro SaaS, work with someone who does! Let him do it, you win! Think like an entrepreneur! Breathe like an entrepreneur! Eat like an entrepreneur! Sleep like an entrepreneur! ๐
33. Passive does not make money where it stands. Active is someone who makes money where they stand. Writing an ebook is active, but owning a house is not active. Because a house doesn’t make money where it stands. It makes money if you sell it, but it doesn’t make money where it stands. Only if you rent it.
34. The more sources of income you have, the more you earn.
I’ve thought about it a lot. A lot. I could be a millionaire in the country I live in. By making 6 micro SaaS and selling them for 10 thousand dollars each. That’s a great idea, but there’s a problem. If I sell them in one go, I’m a millionaire. If I don’t, I’m not a millionaire, but I’ll turn into a wealthy person. I was thinking of selling my products at the beginning of 2023, but then I gave up.
35. Make your products stupidly simple.
And this is something I’ve been thinking about a lot while working at CreateTargetAudience.com and I’m still thinking about it. I have NotionPlus.dev and it’s not stupidly simple. I still want to add a million features, it’s hard to think simply ๐
36. If you are going to buy a house, don’t buy it right away. First, buy a product/business that will earn how much the house costs per month/year. After earning that money, you can buy a house.
37. Make products to cover your expenses. Let them be the ones that will keep you alive. Then you can think extra comfortably to create bigger sources of income, otherwise, you will be in two feet to raise your bills every month and you will never be able to live the life you want.
Elon Musk was recently seeking investment for NeuroLink. For God’s sake, doesn’t this guy already make billions? Why doesn’t he pay out of his pocket? Why is he getting investment? Everything we think may not be right.
38. Assets put money in your pocket.
39. Passive is something that takes money out of your pocket.
40. Either make assets or buy assets.
41. Make your own needs look like a company’s needs and your tax amount will be reduced. Like if you go to Paris for a job interview, you can go cheaper than everyone else.
42. Cash flow, not income.
43. When stupidity and money come together, it’s a big festival.
Those who won money from the lottery are not millionaires now. It’s not about money. It’s about thinking. It’s about knowledge. It’s about using knowledge!
44. It’s not about making money. It’s how to spend it. It’s called financial ability.
45. Don’t let someone take the money away from you.
46. It is intelligence that will solve the problem.
47. If you realize you are digging a hole for yourself, stop digging.
Either you don’t know how to do something or you’re doing it wrong!
48. Who has the gold makes the rules.
49. Does that make sense?
Stop and think. Does what I’m doing make sense? I think we need to create 5-10 year calendars. You don’t need to follow that calendar. You can just measure what kind of life you want and whether what you’re doing now fulfills it.
50. A smart person hires smarter people.
Team! Team! Team! Team! You can be a solo entrepreneur, but you don’t have to do everything yourself. You don’t have to make yourself suffer just to be a solo.
51. Schools serve to train good workers instead of employers.
52. To study accounting.
I have a saying. If you are going to make a car, you should even know what kind of sand is used in the windscreen of the car. An entrepreneur should know everything he does.
53. Deep emotions lead to poor financial understanding.
If you fall in love with the product, you may find it difficult to do greater things.
54. Keep expenses low, and maximize revenue streams.
Optimize your product. This way you can reduce server costs.
55. When do you know when you are rich? It is about how many days you can survive if you stop working today. Or it is the measure of the money flowing with the active when the active and passive meet.
56. You are wealthy if your assets cover your expenses.
57. It is not the numbers that matter. It’s what the numbers say.
58. Offer to have a few beers.
59. Do business in the field you studied. Says don’t do what you don’t know.
(see: The man who sold his house and invested money without understanding Bitcoin and went bankrupt)
60. Wait for the right time.
You’re a crocodile. The gazelles have come to drink. If you leave now, you’ll miss them. Wait for the right moment. And jump!
61. You can generate income streams from stocks, bonds, royalties, etc.
Micro SaaS fits this because it can continuously monetize.
62. Promissory note: a guarantee of a debt promised to be repaid later.
63. Entrepreneur: a person who sets up a system of producing goods or services to make a profit.
64. Bond: a fund raised by a company through the distribution of shares.
65. Knowledge is power.
66. Become a financial wolf.
67. Who are you working for? Who are you making rich?
68. 4 things to know for financial IQ:
- Accounting
- Investment
- Understanding the markets
- Laws
69. The brave win, not the clever.
I’m seeing it officially. A lot of internet phenomena are taking action without thinking about the revenue model. This is just a small example.
70. Use genius to turn fear into power.
71. Money doesn’t change hands, deals are made.
72. Find opportunities that not everyone sees.
Opportunities are always there. Maybe even right next to you. But the real skill is to see the opportunities.
73. Luck is created.
Meet at the right time, right place, right way.
74. Your greatest assets are what you know, your greatest losses are what you do not know.
Get training.
75. You must know a little about a lot.
T
76. If you’re not a good leader, you’ll get shot in the back.
Could this be Sam Altman? ๐ He got fired like Steve, but he came back so fast.
77. To give laborers difficult tasks.
This is very important. If you have a team, you have to train them, otherwise, you will not be able to count in place or get into big business.
78. It’s a good thing to be bankrupt before you’re 30.
79. The world is full of talented poor people.
This is a very scary and sad sentence, but it is also very true. It reminds me of the film McDonald’s.
80. The synergy of professional specializations, having skills in different areas.
Blend what you know.
81. Sales and marketing are very important skills.
If you are going to make a Micro SaaS, you must first plan how to sell it. If I wanted to make a micro SaaS today, I would first write 50 SEO blog posts before writing a line of code. Then I would develop the product according to the traffic. As soon as I finished the product, my customer was ready!
82. You have to give money to get money.
This sentence reminds me again how valuable paid tools are.
83. You give, you get.
It’s not money. If you do favors, you get favors. If you help, they help. Karma!
84. Look for new skills.
85. Take a second job for a second skill.
86. Educate yourself.
87. 3 things to know to be successful:
- Cash flow management
- System management
- Management of people
When I worked at Unicef, I understood people management very well. I coded a special panel for more than 100 people to communicate with each other. This experience taught me a lot. I strongly recommend you read books about people, psychology, neurology, etc.
88. You must learn the skill required for the situation you fear most.
89. Look for jobs based on what they will learn, not on what they will earn.
90. Manage your fears correctly.
91. Things that will make you fail:
- Fear (fear of losing money, the most important difference between rich and poor is the way fear is handled)
- Skepticism
- Laziness (overcome laziness. The cure for laziness is a little ambition).
- Bad habits
- Arrogance (Arrogance = Ego + Ignorance)
92. If you’re gonna sink, sink deeper.
Have stories to tell your grandchildren.
93. If you’re going down, go down well.
94. People are so afraid of losing that losing is inevitable.
95. Winning comes after losing.
96. Everyone wants to go to heaven, but no one wants to die.
97. I always tried to turn every disaster into an opportunity.
98. Distribute all the eggs in your hand into different baskets.
I learned this better in the book The Richest Man in Babylon. If you are going to buy Gold, don’t invest all your money in Gold. Put some in Gold, some in Silver, some in savings, some for yourself.
99. Invest wisely. Play it safe. Start early.
The earliest time is now.
100. Don’t take advice from someone who’s never done it.
Don’t take advice from someone who has never started an internet venture. Don’t take investment advice from someone who has never received investment. You will lose a lot of time, energy, money, and peace of mind.
I have a saying about this. If you buy gold, don’t go to the greengrocer!
101. Skeptics never win.
102. Uncontrolled anxiety and fear make you lose.
103. Criticism blinds. Analysis opens eyes.
104. The secret of success is to see what everyone else misses.
Try using new technologies in your product (see: Web3, NFT, Blockchain, AR, VR, AI)
105. Do what you feel.
Live peacefully.
106. Winners are inspired by losing.
107. Not being afraid of failure does not mean hating failure.
108. Skeptics criticize, and winners investigate.
109. I don’t want to work all my life.
Nobody wants it, that’s why there’s such a thing as retirement. It’s real! You can do better.
110. I don’t want to be someone who works for someone else.
111. I want to control my time and my life.
Success and happiness are the freedom not to do what you don’t want to do.
112. Poor people also have poor spending habits.
Read article 3.
113. Train people to look after active values.
114. Take 2 courses a year.
115. Invest in your mind.
116. Chickens are ahead of each other by a feather.
117. You are what you read.
You become what you consume on the internet! That’s why I deleted the Instagram app. ๐ Reels are addictive and there is a lot of nonsense. Including entrepreneurial accounts. I don’t need motivation. I need discipline. I need to chat with smarter and braver people. I need to talk to people who are playing with millions. Not entrepreneurial accounts that share the phrase “If you work hard, you can do it”. I don’t use TikTok. It’s harmful to me and people who think like me.
118. If you are not satisfied with what you do, change the way you make money.
119. Give what you want and you will get what you want.
120. Teach so that you earn a lot.
Ahem! I’m doing it right now! You do it too!
121. Learn new formulas fast.
122. Find quick formulas.
Some things happen fast, but some things don’t. In time you’ll start to realise that. But it takes time.
123. Life is meant to be enjoyed.
Work on things that can be finished. Don’t spend a lifetime in the same thing with an intense tempo. For example, RockStar Games. 10 years working on GTA VI. But it’s finally finished. It has to be finished. Endless development processes should be avoided. But this is not easily understood. Micro SaaS is endless, but they’re two different things. You have to think about it.
124. Those who think small cannot catch the big fish. The rich think big.
125. Action beats inertia.
126. It’s not risky if you know what you’re doing.
As I said before, it’s not just for you. It’s for me, too. Most of my posts will be like that. Because sometimes we can forget. I want to build resources that I can go back and use, MicroSaaS.Art is one of them.
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