34 Comments

I began building passive income streams at 32. Nowadays, 20-year-olds have investment portfolios. I wish I'd been this smart in my 20s.

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Me too Denis. I was told to use a savings account which is the worst thing I ever did. At 26 I aggressively started buying financial assets.

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Same! I have discovered this mindset quite late as well.

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Better late than never, right, Katharina? :)

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True!

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Katharina, thanks for subscribing to me!

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I wish I'd started in my late teens, but I can't repeat history.

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Tim, I want to thank you. Your articles have filled my sails with wind. Just days before I had Substack, I was floating without direction. Life is a lot brighter and I’m in the place to cherish it. Have a good one my friend

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No probs Edward. How did I help you?

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Your writing has struck a chord with me, when you talked about how you want people to almost die. It gave me perspective and I realized that the moments I do have with myself, family, friends or my partner, need to cherished and appreciated.

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Great tips, Tim! The younger generation really does have a different viewpoint than we do. My daughter is a 20-something and luckily I will be getting to spend more time with her soon. I will remember I have lots to learn from her as much as she can from me.

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What's changing that let's you spend more time with her Nicole?

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I have been living overseas in Germany this last year, and I am going to be back in the US in 2024 where she lives.

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That'll be nice. Can't wait to visit the US again myself.

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That's cool, where did you go in the US before? My daughter is in Denver.

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This post is proof positive that learning never stops, regardless of age. We can all learn something from cross-generational interactions.

It's the same with culture. We all need to expand our minds and horizons

If we ever want to improve our lives and our world. Never lose the passion to learn.

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Learning only stops when you die John.

What's one new thing you learned this year?

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Limitations are excuses we make for ourselves when we think we're not good enough.

I've learned to swallow my pride, suck it up, and get better at my craft.

There was a reason I wasn't getting results: me.

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What a great lesson John!

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Thanks, Tim. That means a lot to me

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Dec 12, 2023Liked by Tim Denning

Crazy you say this too about the young ones. I have a 4 people team. I'm 34. My Marketing/Sales guys are 22, 23 and 24.

They see things I don't see. I'd be stupid not to learn from them.

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It's odd Gene but they have superpowers.

Even more crazy is hanging out with a few teenagers. A few years back a group of 16 year old showed me how they use social. Their whole goal was to message each other without their parents knowing, so they used disappearing Snap Chats.

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Mindset truly makes the difference. When I read a lot of fiction, I felt like money was scarce. Why? Because my favorite writers died broke. As a result, I saw less opportunities. When I started reading to non-fiction (especially) marketing books, I realized how abundant money is. I saw opportunities everywhere.

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So interesting Ali. What we consume shapes our worldview. The worst way to make money writing is by the word.

Have you found a way to make money from writing yet?

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Hi Tim, interesting thought about the 500 freaking K AMG! Here where I live, every time I see someone driving a German car, my thought goes something like - either they have a big loan on their back, or they must be doing something illegal - mafia style (not far from the truth).

Here in the middle of East Europe, it's really hard to see how someone could afford that luxury when the average people earning 1000 - 3000 Eur a month.

I'm curious however, what things did you learn from the 20-year-old dude?

My impression about the Gen-Z hasn't been very symphatetic to be honest, so I need someone to challenge my view on this.

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Many do have big car loans. It's always hard to tell.

One cool thing the 20 year old taught me was how to rethink LinkedIn. Turns out there are some new ways to grow on the platform that I didn't know. He also taught me to be dedicated and not forget to do the hard work. I've been lazy on LinkedIn the last 6 months.

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Ah, the LinkedIn Gambit. Yup, it was a new revelation for me too.

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LinkedIn is now our resume.

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A Great and detailed article again! Really interesting and relable topic after a while 😁

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Thanks. What was the best lesson for you?

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At 73, I'm amazed by the 20-years-old that have businesses, live from passive income and investments. It's common to find them in the town that I live, since it's a tourist area. Some spend weeks or months here enjoying the beach and surfing working online.

Wow, at their age I was married, had two kids and got divorced. So now I'm doing what I should have done then. It's never too late!

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Surprisingly most things aren't scams. Everything works if you work.

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Verify and then trust is the best mental model I've found.

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