Money Doesn’t Buy Happiness?

Money Doesn’t Buy Happiness?

Dan Lok Show Money Doesn't Buy Happiness?

“Money doesn’t buy happiness.” Agree or disagree?

A post on Instagram said, “As you get older, you’ll realize that a $300 and $30 watch both tell the same time. A Michael Kors wallet and a Forever 21 wallet hold the same amount of money.

A $100,000 house and a $300,000 home hold the same loneliness. A Bentley will also drive you as far as a Ford.

True happiness is not found in materialistic things, it comes from the love and laughter found with each other. Stay humble, the holes dug for us in the ground are all the same size.”

What garbage! If money doesn’t buy happiness then poverty does? Does poverty bring you happiness?

Why People Believe The Myth

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It’s exactly this kind of trash that’s been spreading around on social media. This is how broke people rationalize their failures. It’s also how people look at wealth. If you’re rich, you can’t be happy!

They say things like, “I would rather be healthy than rich, I would rather be happy than rich.” This ridiculous thinking is like saying, “Which is more important, my right hand or my right foot?”

How about both? Both are important.

Why can’t you be both wealthy and happy? Why can’t you be both wealthy and loving? What’s the problem with that?

You probably have those beliefs because at a young age, you’ve been brainwashed by your parents, by the media, by the government, by the school system, and your perception of people who have money.

I’ve met people who are successful financially and people who struggle financially. When I was in debt, I was sleeping in a sleeping bag, and my mom and I had to go to Superstore and eat expired fruit and vegetables. I know I wasn’t very happy.

The people that you know who are in debt, who are stuck in a dead end job, are they happy?

Why does the media want you to believe that rich people are not happy? Here’s why. If rich people are wealthy and happy, where does that leave you? You can’t deposit excuses at the bank.

When my father had his first stroke, I was so broke at the time I couldn’t even afford to purchase a plane ticket to fly back to Hong Kong and see him at the hospital. I was miserable. I cannot call up the airline and say, “I got no money, but I have love. Can I use some love to buy the tickets to go see my dad? He just had a stroke.”

The True Purpose of Money

So, money doesn’t buy you happiness. It’s not supposed to buy you happiness! Money does three things only.

  1. Money gives you comfort, to make life a little bit easier, to make things just a little bit smoother.
  2. It can help you extend the good that you do beyond your physical presence. You can donate to a charity or a foundation. If you want to help the people that you love and you care about, it takes money to do that.
  3. Money can make problems that make you unhappy go away.

That’s the purpose of money. Not to make you happy.

And if you’re worried that money will make you into a bad person, consider this. Money is an amplifier. If you’re a jerk, more money will make you a bigger jerk. If you’re kind and caring, money will make you kinder and more caring. It’s that simple.

So, don’t buy into the nonsense you read on social media. You read those posts, and you wonder why people are struggling. It’s actually their belief system. Money doesn’t buy happiness, it’s not supposed to buy you happiness, but neither does poverty.

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Spectacular Smith Creating Profitable Social Media Accounts From Scratch

Spectacular Smith Creating Profitable Social Media Accounts From Scratch

Dan Lok Show Spectacular Smith Creating Profitable Social Media Accounts From Scratch

Spectacular Smith is known as one of the “Top Marketing Gurus To Watch” by HuffPost, ranks among the “Top 5 Most Influential Entrepreneurs in Tech & Music” and is honored as the “Innovator Of The Year” by Black Enterprise.

It’s no surprise that he is named the “Greatest and Most Inspiring Entrepreneurs” by Inc.

He reached worldwide success with the rap group Pretty Ricky which he formed with his brothers.  

Intrigued by the business possibilities of social media, he turned Pretty Ricky’s Facebook page into his personal experiment to learn how to build a following.

He then turned his social media expertise to become the founder and CEO of Adwizar, the dominant social media brand in the urban music space. The company now deals with major brands and corporations, athletes, merchandising deals, and more.

In this podcast, Spectacular shares his journey as he transitioned from  rockstar musician to running a flourishing business.

He also shares his expertise on creating viral content and growing a social media following. His knowledge about selling to people and helping clients to achieve their vision demonstrates how well he has mastered his people skills.

Adwizar was named #262 of Inc 5000’s List of Fastest Growing Companies in America with 1,600% growth in 3 years. It was featured in Forbes for its innovative methods, and has no ceiling on its growth.

After conquering the worlds of music, social media, and publishing, the world is waiting to see what Spectacular does next.

When people get into the music business, they don't realize that it's a music business. They just really come in because they want to get their art out to the world. -Spectacular Smith Click To Tweet

In this episode you’ll learn:

  • 0:52 Spectacular’s transition from musician to running an agency.
  • 3:26 How to grow your brand on social media.
  • 14:30  An out of the box way to monetize a business.
  • 20:00 How to sell to different types of people.
  • 27:40 How to help clients clarify their vision and goal.
  • 37:35 The key to creating viral content.
  • 51:40 Spectacular’s opinion on helping others.
  • 52:26 Spectacular’s program for building up social media and followers.

Resources:

Spectacular Smith Website

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How To Start Your Copywriting Career (in your early 20’s)

How To Start Your Copywriting Career (in your early 20’s)

Dan Lok Show copywriting, mentor, business, success,

Is it possible to make millions by writing in your second language?

My first mentor, Alan Jacques, showed me that it was possible when he taught me copywriting. But it wasn’t easy. I had actually flunked English in high school. But if you want to start your copywriting career, and you’re not afraid of challenges, I’ll show you how.

Alan taught me how to write copy when I was in my early 20s. It was a difficult process because English is not my first language. So going from flunking English to selling in my second language is extremely difficult.

Business owners would tell me, “Hey man, on the phone, you cannot even speak proper English. How the hell can you write my stuff? It doesn’t make sense!”

So, it was very, very difficult. But I’m glad I was persistent throughout that period and over time it got easier. I was actually fascinated by this experience I had while I was advertising to get clients.

How I Learned My Skills

I remember the first time I sent out a direct mail piece and I got a check in the mail from someone I’d never met, never seen, and never talked with. It was purely through my written words that I had closed them. The power of that was fascinating!

Now, as an entrepreneur, what goes through your mind?

We’ve got to do more of this! And that’s what went through my mind. How could I do more of the same thing and get another check?

This is what I did to launch my copywriting career. I started as a freelance copywriter after I’d learned from Alan by working for him for next to nothing for one year. I always refer to that year as the million dollar year of my life because I got a million dollars worth of education.

He taught me how to write copy, how to write headlines, how to come up with offers. Then I started my own one man advertising agency.

How I Started To Get Clients

I was calling business owners and saying, “You know what, I’m a new copywriter so I don’t have a whole lot of experience. But here’s what I’m willing to do. Let me rewrite your stuff, and if you’re not happy with it, don’t pay me.

But if it works, then pay me 500 bucks or 800 bucks.”

Not everyone said yes, but enough people did that I started building my own client base. I call that  gun to the head copywriting. Either I work or I don’t eat. And that’s how I honed my craft.

Eventually I started writing down what I did and after a couple of years I published my first book online. It talks about some of the principles of what works and what doesn’t work in copywriting. And that’s how I started my career in my early 20s making about $10,000 a month.

The important lesson I want to share is this. Copywriting is a skill that I’ve developed over the years. It’s a skill that I value.

I had to overcome some very tough obstacles before I saw success, but if you’re determined, you can also succeed as a copywriter, even if you’re terrible at your second language. Finding the right mentor and honing your skills is key.


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How To Wake Up Early And Get Stuff Done

How To Wake Up Early And Get Stuff Done

Dan Lok Show

How often have you protested, “I don’t have time!” when friends or family ask you to do something?

Time slips so easily out of your hands you’ve probably said that on dozens of occasions. So how do you wake up early enough to get stuff done?

Well, it has nothing to do with the time or how early you wake up. You have the same amount of time as Bill Gates, Warren Buffet, and Jack Ma: 24 hours a day, 7 days a week, 365 days a year. So what’s the difference between you and them?

It’s time management. I probably accomplish more in a day than most people complete in a month. People ask me all the time, “Dan, how do you get so much done? I don’t have time.”

The question you should be asking yourself is, “How can you devote your time to what’s important? How can you get yourself closer to your goals?” That’s what you want to focus on.

You will always have an endless number of tasks. I have so much to do every single day. So what do you focus on?

To find your focus, ask yourself: Is this moving me closer to my goals? Is it going to make me money? Is it going to benefit my family? Is it going to make me happier?

I believe busyness is a form of laziness. People get so busy doing so many things. But are you actually producing results?

You have to make choices that get you results every time you decide what to do. Rich people are busy too. I’m constantly focusing on tasks that I cannot delegate that are worthy of my time. So let me give you three simple tips to manage your day.

1. Be Ruthless About Your Outcome

Number one is you want to be absolutely ruthless about your outcome. When you think about it, most people have a lot to do. But they don’t think about what their tasks are going to produce. You need to ask yourself, “How will doing this task affect my life?”

The way it affects you depends on your goal. You want to be absolutely clear about your outcome because if you’re clear about your outcome, the way you get there might change. You might think of ways to do the task more effectively and efficiently. That’s why you need to be absolutely ruthless about your outcome.

For example, are you trying to increase your revenue? Maybe you want to get more customers but you need a faster way to get there. If you’re clear your goal is to increase your revenue, then the fastest way to achieve your goal is not to get more customers but to sell more to your existing customers. Or you could increase your price. You want to do what gets you to your goal faster.

2. Accomplish Six Tasks A Day

The second tip is you want to think about six things, six important, major  items that you want to accomplish every single day. Not 10, not 20. Plan on what these items are the night before.

That means when you wake up, you will have six items that you want to cross off your list. Think about it. Six important items times five days a week, assuming you work five days a week. That’s 120 important things accomplished every single month that will move you closer to your goal.

3. Write Down What You Will Do

The third tip is don’t keep everything in your head. When your mind is cluttered, you have no clarity. Without clarity, you don’t have the ability to act. Clarity is power and power is the ability to take action. To get clarity, grab a pen and paper and write everything out.

If you want to use an application from your smartphone, that’s perfectly fine. I like paper and pen because that way is the easiest. So don’t keep everything in your head.

As a final word of advice, have you heard of the saying, “How do people eat a big elephant? One bite at a time.” That’s so wrong.

Here’s what you really want to do: bite off more than you can chew and then you chew like crazy. Got that?

So choose six things, write them down, and be ruthless about your outcome.


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