Fixed Income = Fixed Mindset

You can be 10x wealthier than you freaking think

Tim Denning

Jan 19, 2023

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Get ready to have your head blown off by this article.

I’m warning you right now. But if you pay attention this information will save you wasting years of your life. Big claim, I know. Ya’ll know I don’t screw around or disappoint though.

Let’s get to the big insight right now.

3 common excuses that keep you poor

“I'm on a pension.”
“I’ve spent all of this month’s salary.”
“I’m the main breadwinner so…”

First off, the phrase breadwinner needs to die. You gotta stop eating plain, boring old bread in the first place. Let’s get to the point…

The problem with these three phrases is they’re excuses in disguise.

“I'm on a pension” is a nice way of saying “feel sorry for me” or “dontcha know I can’t earn more money to pay for your thing.”

I’ve heard these phrases for most of my sales career and they’re utter bullsh*t. Why? Well, because…

Fixed Income = Fixed Mindset

When you think the amount of money you can earn has constraints, you go from an abundant mindset to a scarcity mindset.

It used to be true that a fixed income had restraints.

My grandpa lived before the internet. If he wanted more money he had to do more manual labor, which was near-impossible for him. His body was already crumbling like the World Trade Centre twin towers.

If he lived now, though, in the age of the internet, I know for a fact he’d easily make money on the internet. He’d take all his farming skills and find a way to be a subject-matter-expert online and make bank.

The internet took the limiting valve off our income.

And most haven’t woken up to this fact.

The salaryman dilemma

When I hear these excuses caused by fixed incomes it lights a fire under my skinny ass.

The greatest lie of a fixed salary is that it’s safe. That you have job security. Bull crap. No you don’t.

The 2008 recession showed us.
2020 bat virus layoffs showed us.
2022 tech layoffs showed us.

No employer gives a f*ck about you. You’re a number on a spreadsheet.

This isn’t a sad fact. It should inspire you and cause random orgasms to happen inside your sexy body.

It’s a weak-ass strategy that’ll financially destroy you

This point really gets my juices flowing.

A salary is paid to you in government-issued currency. Every year these currencies are manipulated to the sh*t house. Governments and central banks mess with them and most people don’t even know.

Interest rates, inflation, monetary policy – these are tools of manipulation.

They’re designed to weaken the value of the currency you get your salary paid in over time. So those who don’t own assets (most) get poorer and you’re given a whopping big hidden tax.

But the real problem is that inflation guarantees you’ll get poorer (by design).

It causes prices to rise. At the same time, governments and central banks devalue currencies by creating new money out of nowhere.

Here’s what that looks like in real terms:

Now you know why the most powerful and valuable currency in the world, the US dollar, still performs badly and stabs the salary man or woman in the face.

Don’t even get me started on non-US dollar currencies.

So if you stick to a lame-ass fixed income and refuse to change your thinking, the cost of living will get more expensive and you’ll have less money.

It’s why many people I now speak to online say they can’t keep up. Of course, I’m trying to tell you why!

So what do these fixed-mindset fixed-income people do?

Lower expenses.

Bloody hell. What a bad strategy. Every time you lower expenses you downgrade your lifestyle. Pretty soon that becomes depressing as hell.

The worst part about this strategy is there’s only so far you can lower your expenses and drop your pants to the floor before you’re walking around with your c*ck or vag out on display for everyone to see.

Lowering expenses has its limits.

A further bonfire in your pants

There’s one more part that’s missed.

With a salary the tax gets taken out before you get paid. This means you have no ability to be legally more tax efficient or alter how much tax you pay.

50% of my salary used to get taxed and I was blissfully unaware for decades.

Then I learned you could ask employers to be a contractor, freelancer, or consultant. Or if you really want the lame perks of a salary, then you could make your other income streams outside of a salary run through a business instead of your personal name.

When paid through a business you collect all the money and then select HOW and WHEN to pay tax.

Over a lifetime you make at least 3x more without doing extra work.

Let me simplify it further:

Hell or high water, try never to let income go through your personal name first.

The obvious counterintuitive answer

Make more money.

The problem is if you believe fixed incomes exist then it’s impossible to do so. The only way to get past the hurdle is to believe in variable incomes driven by the internet and multiple income streams.

You also must understand what a skill stack is. Right now you have skills that make you money, or made you money in the past before the pension.

To make more money you have to get more skills. A new skill isn’t an expense. No. It’s a license to print more money.

There’s no excuse for a fixed income mindset

If you’re connected to the internet then you have a variable income by default. If you have no internet, then that’s a different story.

Jon Morrow can do it. He’s in a wheelchair and can’t move anything but his face. He uses a mic and speech recognition software to run an online empire.

Then there’s Kevin Swan who has a terminal illness called ALS. He can’t do anything for himself and only gets to consume smoothies through a straw. He runs several businesses and still takes care of his family.

Or George Blue Kelly who escaped Africa on a life raft (could have drowned) a few years ago and arrived in Europe where he had internet for the first time. Now he has multiple income streams.

An income isn’t fixed. No. What becomes fixed is a person’s mindset.

Stop thinking there are boundaries or you can’t make more money … because you can. And stop asking “how” because you have access to Google Search.

This is harsh advice but it’s what plenty of people (including me) need to hear regularly.

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