“Invest in yourself”
Barbara Corcoran of Shark tank says she prefers investing in entrepreneurs who have something to prove. Why? Because investors such as Barbara invest in people not companies, it’s more important for an investor to recognize an entrepreneur has what it takes to succeed even more so than the the company itself.
The hardest truth to accept is: if someone with more money wanted to take your idea from you nothing is stopping them. So why don’t they? Because you are far better for the job than anyone else, so understand that you are the driving force behind your company. it’s your idea and that means you have invested an immeasurable amount of time into this idea to bring it as far along as you have. So for someone who’s time is as valuable as Barbra’s they would rather invest in the person behind the company if they believe that person has what it takes to get the job done.
Time > Money
It’s a well known fact that drive and dedication will outshine talent any day and people who have something to prove is normally a good investment because they have real dedication. Barbara like many investors understand the hard set road of entrepreneurship there are 10 times as many downs as their are ups and one of the most difficult roads to take is entrepreneurship.
“You are wrong until you are right, than you were never wrong at all” You have to live with this truth for the entire time it takes to build your idea into being right.
That doesn’t mean you can’t have fun along the way. Living like your future self is a great exercise that has a long lasting impact on your future. It reminds you what is waiting for you at the end of the road and it is great wake up call that all the hard work you put in is worth every second.
I personally love this exercise because not only is it fun it’s motivating. For me, every time I live above my means just for even a day I come back refreshed, rejuvenated, and ready to kick ass. Rent the car of your dreams, live in a mansion with your friends, take your wife out on a yacht, and fly private to your vacation spot. Don’t worry your future self is already spoiled, invest in your current self today and you future self will thank you for it.