Are You Ready To Upgrade Your Lifestyle With “Cash Machine Thinking”?

LORAL LANGEMEIER TALKS ABOUT “CASH MACHINE THINKING”

Of course, I don’t buy into everything she says in her videos or books, but she raises some good points:

  • Why describe your goals with failing definitions?
  • Are you committed to being a creator and expander in your own life?
  • Are you prepared to keep asking yourself “What else can I do?” until you find an answer that works for you?

I know my answers to these questions. What about you?

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22 Responses to “Are You Ready To Upgrade Your Lifestyle With “Cash Machine Thinking”?”

  1. joyousnerd says:

    I really get what she’s saying in this video. I have the voice in the back of my head that “justifies” too. I think I have an easier time shutting that voice down than other people do, though.

    I once heard a famous person (can’t remember exactly who it was) say that to be successful, you must have the ability to LOVE any idea for 5 minutes. I most definitely have that ability.

    It makes other people (even those who genuinely love me) think of me as a wild eyed dreamer and a crackpot if I share my ideas with them… so I’ve learned to keep my own counsel when I come up with a potentially lucrative idea.

    Khadija, I really love the business oriented posts lately! I feel like we are on the same page about pursuing profits.

    • Oshun/Aphrodite says:

      “I feel like we are on the same page about pursuing profits.”

      You ain’t never lied!

      I am sorry that the people around you are nuts, but when you’re a pioneer – as you are – it goes with the territory.

      I am no longer saying anything to folks about anything. I am not worried about what they think – I just don’t want to waste my time and energy dealing with their negative energy and sadly, jealousy.

      I know that word is used a lot and overused by black folks, but that is all I can come up with at this point.

      With some of the new ways of looking at things and new inspirations I have gotten from this blog I have devised new plans. I thought I had close friends that I could share this with or use as a sounding board – um WRONG.

      At any rate Joyousnerd I wanted to respond to something you said on another thread regarding competition. You said that you were upset whenever you saw something similar/related to your product.

      I used to feel similar. As a matter of fact I am having to rebound from having my IP ripped off totally. But I am still going to move forward even if I have to go in another direction.

      I just want to say don’t fear competition. At a minimum competition inspires innovation. Embrace it. Its your friend.

      You should really get into some of the Asian strategy books. They all talk about getting maximum benefits with minimal effort. Going with the flow and using everything to your advantage. Competition is included in this. How do you think all these Asian companies took good old American ingenuity and beat us at out own game?

      You can use competition to your advantage. Friendly competition or “friendly appearing” competition can be used to your advantage. You can join with a competitor. You can join with a potential competitor to stop them from advancing/infringing on your territory. You can use a competitor (potential or actual) or multiple competitors to keep a larger competitor in check. You can use a competitor (potential or actual) or multiple competitors to totally destroy a larger competitor or make each competitor destroy one another. You can fake defeat to attain a victory in competition. You can study your competitors blind spots and create your own strategy such that your competition would greatly harm themselves if they decided to copy your methods.

      You have tons of options regarding competition. The more pieces on the board the more wiggle room you have and you can move the pieces around to your advantage by what you do or don’t do. I think this would be particularly useful if someone really wanted to get into a field that was somewhat saturated.

      For example I am trying to tighten up my SEO game and I was told several methods to use to spy on my competitors. The reasons being that you want to siphon off a cut of whatever the are doing thats working for them and use it for yourself. Just blatant.. out there like that – plain as day. LOL

      I am telling you there is some power/knowledge in these Asian strategy books.

      • joyousnerd says:

        I still do struggle with the competition thing… and I don’t feel confident with competing for anything, especially if it’s going to be cut throat. I KNOW that other people will cut my throat for a nickel, but I don’t want to be that way myself.

        That’s one reason I hated working at “real jobs”, because I LOATHE the butt-kissing, backstabbing, scheming, and people sleeping their way to the top… it just turns my stomach. I’m bound and determined that come Hades or high water, I will never again have to work at a “job”. Hustles? Yes, back up the truck. Jobs? That’s the worst case scenario.

        That’s one reason why I decided NOT to go to law school. 3 years of grinding in the library, massive crushing debt…. to end up begging for a job I would hate? No, thanks.

        Can you recommend some of these Asian strategy books? I’d like to read them, in part so I can recognize if someone is trying to run some of that game on ME.

        I want my quality products and top-notch services to do all the competing for me. Sadly, I don’t know if that will be enough to get me where I want to be financially. Hopefully, though, between multiple streams of income and a frugal lifestyle, I can live the life I dream of.

        • Oshun/Aphrodite says:

          @ Joyousnerd

          “I KNOW that other people will cut my throat for a nickel, but I don’t want to be that way myself.”

          I didn’t get any of that from the Asian strategy books. Like I said earlier: “They all talk about getting maximum benefits with minimal effort. Going with the flow and using everything [every new occurrence/new development no matter how dire appearing] to your advantage.”

          Cutthroat head to head combat does not fall into that category. It is a waste of resources.

          My other post hasn’t posted yet, but according to the strategy books it is ok when someone directly attacks you as their attacks can be used against them in multiple ways. Sometimes its preferable as a strategy to goad/bait an attacker into a extended/prolonged direct attack.

          Couple a direct attack on the part of a competitor with the fact that most Western thinkers proceed with anything in a linear Step 1, step 2, A,B,C, D, E, F G, approach and you can easily outmaneuver them – stay 5 steps ahead.

        • Oshun/Aphrodite says:

          Joyousnerd,

          I have been thinking some more and I don’t think you are going to be able to avoid dealing with politics.

          I agree with you in that I don’t ever want to see a job either, but you are building a hair empire and so you will have people working under you and maybe even beside you who will:

          1. kiss your butt and other people’s butts
          2. backstab one another
          3. scheme
          4. have sexual relations with each other
          5. some might even try to have sexual relations with you, or your husband, or one of your teenage/adult children
          6. think you are not that “bright” and that they can run your company better than you (i have been on many jobs where I have heard that so and so in upper management, or the ceo is a moron and if I were he/she I would do x- the thing is some may act on that sentiment)
          7. run the BM (regardless of whether they are black or not) “po mouth” begging game game of make a place for me at your table bc its fair (for example some nonblacks have this idea that black people buying and supporting other black folks is racist) I know that most are using remingtons and the like, but I’m just saying…

          Look at Oprah. Look at what happened to her behind the Obama endorsement. I have my bones to pick with Oprah and some of her stuff…but there isn’t a nonblack person alive that I have met yet that thought she endorsed Obama for reasons other than he was “black”. I know non black folks that still talk about this – like they took it personally.

          Now that may or may not be true about why she endorsed him and I am no Obama stan, but that was her choice. And de other folks got mad for her doing something they do all the time and sought to punish her for it. They were unsuccessful, but I am just saying…

          Now I am not saying this to upset you, but I am just saying this in the context of strategizing to win.

          I am thinking we have to look at things from all angles – so we don’t get “surprised all the time” like Evia says. Its like playing the “what if” game and heading that stuff off.

          Like you said, you may not do these things and by you being the “chief” you can influence the culture of your company, but you can’t micromanage and control people and their character. You can make these things less appealing for people to engage in in your company, but it has been alluded to here and on other BWE blogs that people are people and they are going to do what they do – and predictably so.

    • JoyousNerd & Oshun/Aphrodite,

      {loud, LONG standing ovation for Oshun/Aphrodite’s excellent summary of the proper use of competitors}

      To briefly piggyback on the wonderful points Oshun/Aphrodite has made about making good use of the competition:

      I used to assume that competition in the business context, or an over-saturated market was a hindrance. However, I’m learning from many of the materials that I’m reading that competition is fundamentally a good thing. The existence of business competitors is good because it proves that there’s money to be made in a particular niche market!

      As Oshun/Aphrodite said, competition can be our friend if used properly. What I’ve been doing is studying my competition and looking for the blind spots in their products/offerings. And crafting my product to meet the consumers’ needs related to those blind spots that others in my field aren’t covering.* I’m also studying the successful techniques and methods used by the competition—so I can use these methods too! LOL!

      [*Which ties in with another point. The more I study, the more I see that in most startup contexts, it’s better to “narrowcast” your offering. Instead of trying to appeal to everybody, or even everybody within a specific demographic, tailor what you’re doing to capture a huge slice of a smaller sub-category of consumers. Narrowcasting also has the happy side-effect of differentiating you from the competition. It can help you define your USP—Unique Selling Proposition.]

      If you use them properly, business competitors can (inadvertently) be very helpful to one’s efforts. 🙂

      Expect Success!

  2. JoyousNerd,

    You said, “Khadija, I really love the business oriented posts lately! I feel like we are on the same page about pursuing profits.”

    Not that anybody has to be on the same page, but we are—we’re both (along with certain other readers) actually DOING. 🙂 This distinction between daydreamers, talkers and doers is part of the reason I don’t plan on doing anymore “sound the alarm/warning” posts. It’s time for those of us who have built our arks to get onboard, and get FAR away from the dying places’ shoreline.

    Far enough away that we’re not breathing in the smoke from the many out of control fires that are currently burning down the hoods. Far enough away that univited, soon-to-be-totally-desperate AA Dead-Enders can’t try to climb onto our decks.

    Right now, I’m focused on presenting information that can help one set course for various safe(r) harbors.

    Merry Christmas!

    • joyousnerd says:

      Warning: Long Reply!

      I understand and appreciate your decision to stop doing “alarm bell” posts. I’m finding it a bit… frazzling… to read certain other BWE-IR sites lately, precisely because of the alarms. Those posts are critical for those still in the Matrix, I know. It’s very generous of BWE bloggers to get the word out there, because they are not obligated to do so.

      Luckily for me, I never got the indoctrination that some of us got. So the constant breaking down of basic facts of reality with the clanging bells is getting hard for me to keep reading. I already knew 90% of what I’m seeing in those when I was like 8 years old. This is NOT because I’m so much smarter than everyone else, but because I didn’t get a funnel shoved in my throat and a bottle of poison per day poured down it.

      I don’t want to be a black Marie Antoinette and stifle those “Basic Reality 101” conversations, so I just don’t participate as much. It’s not a crime to be stuck in the Matrix, but I personally just can’t keep mentally running into the burning building of the BC. When I’m doing that, I’m NOT doing something else, like making money or improving myself in some way.

      Here, though, I get to really benefit from the input and thoughts of women who are DOING things, and thinking 3-4 steps ahead. That’s why I love this place! I wish I could sit around a big table with all of you ladies and pick your brains. Sadly, that’s not possible, but this blog is the next best thing!

      Like the cruise ship post for instance. Even though I am not able *right now* to work on a cruise ship, by reading about it I happened upon a very lucrative part-time from home gig. I can easily do it at night while my kids are in bed and line my pockets to the tune of $15/hr. It’s not a massive amount of cash, but I’m always looking for more part-time side hustles. Reading here was what put me up on it; this blog has basically put money in my pocket. *happy dance* I’m interested in more posts like that!

      I know you are a Muslim, or else I’d wish you a Merry Christmas as well. I can at least wish you a Happy and Prosperous New Year! (And to all of you other ladies as well!)

    • JoyousNerd,

      It’s not “Marie Antoinette-ish” to be weary of the “Abandon the Titanic—Iceberg Ahead!” warnings. 🙂 It IS Reality Check 101. And some of the dissent from those conversations reminds me of an annoying sensation from 2nd grade that I still remember quite clearly: The aggravation of having to read out loud together as a classroom. And therefore having to sit through non-reading classmates’ efforts as they unsuccessfully tried to sound out the 95% of written words they couldn’t read. Sitting through other children stumbling through entire sentences was like nails on a blackboard.

      When I was in those very early grades, the reading materials at my school were color-coded so the children weren’t supposed to be able to tell the clueless kids from the smart kids. But every child knew that working on materials from certain color codes meant that you couldn’t read at all! And we also knew that certain non-reading children would slow down the entire classroom from getting to the good parts of the story as it was read out loud. It’s not Marie-Antoinette-ish to want to get to the “good parts” ASAP. {chuckling}

      Another reason why I’ve grown weary of the Warning 101 conversations is the dynamic that Halima has perfectly described with her latest post. The caption of the picture she uses perfectly sums up the attitude of too many dissenters (particularly the fat acceptance crowd). The caption says, “I might be drowining but ask me nicely or I wont come!” That’s crazy, and tiresome. I interpret my annoyance as the signal that it’s time for me to start actively ignoring these type of BW and their plight. It’s time for me to step aside, stop arguing with them about their self-destructive choices, and let them perish in their self-selected wilderness. God respects free will, and so do I.

      I admire other BWE bloggers who still have the patience to be bothered with all of that, but I, Khadija, am too through with that at this point.

      You said, “Like the cruise ship post for instance. Even though I am not able *right now* to work on a cruise ship, by reading about it I happened upon a very lucrative part-time from home gig. I can easily do it at night while my kids are in bed and line my pockets to the tune of $15/hr. It’s not a massive amount of cash, but I’m always looking for more part-time side hustles. Reading here was what put me up on it; this blog has basically put money in my pocket. *happy dance* I’m interested in more posts like that!”

      I’m delighted to hear that! {happy dancing} I’m always on the active lookout for that sort of information, and I plan to share more of it in the future. I think you’ll like the next post that’ll be up next week.

      Merry Christmas! [About Christmas: Yes, I’m Muslim but most of my relatives are Christians so I’m still caught up in Christmas celebrations. Not that I mind.]

      • joyousnerd says:

        OMG, I am cracking up remembering the reading in school! I was always in the highest level reading group, thank god. I remember having to sit and wait while the slow children struggled. I was very obedient back then and I usually tried to patiently wait. But one day I was too eager to get to the good parts, and I read ahead. When I was called upon to read, I didn’t know where we were. The WW substitute teacher that day raked me over the coals about my not trying hard enough to keep up with the other kids! She just knew I was too stupid to follow the snail’s pace of the illiterate kids! SMDH.

        In my life, I’m done waiting for the slow kids. I only get #X days on this earth, and I don’t know when my number will be up. I don’t have time to waste.

        I’m looking forward to the post you mentioned!

  3. Oshun/Aphrodite says:

    Khadija,

    Thank you so much for this! You always find the best resources! I have to go dig into this..

  4. Magenta says:

    Thanks so much for providing this link. I have found out about so many great resources as a result of your blog ad all the advice has been extremely helpful.

    I especially loved Loral’s justifying vs exploring exercise. It reminds me a lot of R. Kyosaki’s saying “Poor man says I can’t afford it, rich man says how can I afford it.” I also like how she is not focused on how-to-save-25-cents-on-soap penny pinching like some other personal finance gurus are. While I do not condone materialism or overspending, you cannot nickel and dime your way to wealth. Plus, BW have always had to “make a dollar out of 15 cents.” I am tired of that lifestyle, I want my damn dollar! I want to be able to enjoy life, and not have to meticulously watch every single penny. So I definitely respond better to the Loral/Kyosaki approach.

    As a result of some missteps in my life, I know that some of my goals will be harder to attain. But instead of resigning myself to “oh well, I screwed up, that will never happen” I am exploring new and creative ways to achieving those goals.

    • Magenta,

      You’re welcome!

      You said, “I especially loved Loral’s justifying vs exploring exercise. It reminds me a lot of R. Kyosaki’s saying “Poor man says I can’t afford it, rich man says how can I afford it.” I also like how she is not focused on how-to-save-25-cents-on-soap penny pinching like some other personal finance gurus are. While I do not condone materialism or overspending, you cannot nickel and dime your way to wealth. Plus, BW have always had to “make a dollar out of 15 cents.” I am tired of that lifestyle, I want my damn dollar! I want to be able to enjoy life, and not have to meticulously watch every single penny. So I definitely respond better to the Loral/Kyosaki approach.”

      I 100% cosign! I can’t stand that nickel and dime mess. Now, nickel and dime therapy is okay (as a temporary measure) for people who are recovering spendaholics, credit card abusers and such. But at some point, I feel that most people need to learn how to have a happy medium-type, HEALTHY relationship with money and material goodies.

      Bingeing on spending isn’t good, but neither is starving oneself of life’s small pleasures. Such as the lattes that people enjoy. I never developed a taste for coffee, but I would not be willing to give up my semi-regular cup of hot chocolate/cocoa for any reason. I happen to like the homemade instant mix hot cocoa.* But if there was a franchise that made some extra tasty hot chocolate, I wouldn’t hesitate to treat myself to that whenever I wanted it.

      [*One of the many tragic aspects of a local retailer, Marshall Fields, going out of business was the loss—as far as I’m concerned it’s a loss because I don’t want to shop in Macy’s…eww, for anything—of the Frango Mint Hot Chocolate mix that they sold.]

      Merry Christmas!

  5. KimP says:

    I too have been enjoying the recent business related posts! Thanks for sharing, Khadija!

    Like you, Joyousnerd, I no longer share my dreams and goals with family or friends, no one. A huge benefit to staying mum has been the growing confidence I’ve found in my creativity and plans. I think aside from the excitement, a huge part of sharing lies within seeking approval. I no longer need that because I know my plans are unique and I’m bound for success as long as I research, plan and take action.

    Oshun/Aphrodite, would you mind sharing some Asian strategy titles? I’m really interested in reading a few.

  6. Oshun/Aphrodite says:

    @ Everyone – I hope you are all have a happy holiday!

    @ Khadija,
    Thank you and Merry Christmas to you too! Glad to be of help.

    “What I’ve been doing is studying my competition and looking for the blind spots in their products/offerings. And crafting my product to meet the consumers’ needs related to those blind spots that others in my field aren’t covering.* I’m also studying the successful techniques and methods used by the competition—so I can use these methods too! LOL!”

    This is also something they mention in some of the books. That due to core competencies (or whatever the major business focus is) there will always be a blind spots. A company can not do it all, do it all well and, many times its not profitable for them to shift focus to “x” – itty bitty segment (in their eyes) when they are focused on capturing the largest segments/profits of the market.

    And thats where folks like us come in.

    I realized that in thinking along these lines – innovation and pioneering is great and wonderful, but someone could build an empire just by focusing on “niches” in any industry that most people would rule out or think intimidating – like food/agriculture, energy, just basic stuff essential to life.

    Also thinking like this give me options. Recently I had a flood of ideas resulting in plan C,D, E, and F for side hustle/extra income stream. So if x doesn’t work out after I have given it all I got – I can try y, and z and so on.

    I am starting to look at these things as growth/experience builders regarding money/entrepreneurship. I can cut my teeth on these projects and then move on to bigger and better. There are some projects I am emotionally attached to, but having options makes it easier for me to consider moving on when necessary. I guess I will be attached to the one that makes me a millionaire.

    Personally I would like to have a mix. One or two businesses that I can grow, but then have others I can start, build, and sell bc like I said sometimes the inspiration flows and if its not me – then it will be someone else.

    I agree with you that studying your competition can help you avoid starting at square 1 and avoid major mistakes. I wish I knew this a few years ago. I am sure that once you/or anyone launches on the scene in any industry with something different they will watch and study you. I think this is what happened with my IP. I didn’t know that I was being watched and I also didn’t have a lot of business acumen on how to properly protect myself. I am learning though.

    @ everyone

    I wanted to add that the Asian strategy books always warm against direct combat. There were only 3 major strategies that I came across in my reading that talked about attacking a competitor directly. Its only as a last resort, only under certain circumstances, and if you are going to shank somebody – use someone else’s knife and cover your tracks so it can’t be traced back to you.

    But its ok if they attack you directly bc their attacks can be used to your advantage and turned against them in multiple ways.

    And this brings me to another point regarding “friendly competition” – I think it is not good to be out there alone. A threat doesn’ have to always come from within your industry (another competitor), but may come from outside: a consumer/lobby group/crazy born again vegans/peta “we should kiss all animals in the mouth” zealots etc.

    It could even be a case of I hate you for whatever reason (even though most will be having a Remington) and I am going to circulate a few rumors to make people really scrutinize you and go over you with a fine tooth comb. Similar to the BW and black hair care products I mentioned. First they rave, then they try to take you out.

    Lets say you have a “green” product or service and somebody dropped a dime so Greenpeace wants to find out how green you are…

    Or you just opened the healthy, organic fast food joint, but the Earth Liberation Army thinks you killed some baby dolphins to make your Salmon Tacos or someone thinks you are using Guatemalan children to manufacture your gluten free tortillas.

    You would think that because you are not a major player yet that you wouldn’t be targeted, but I have been reading about business and social responsibility and it seems that these types target companies that are weak/vulnerable.

    Start ups, budding companies (vulnerable bc rapid unprepared for expansion/growth can make the company kind of temporarily unstable), and companies that have hit a rough patch (down sales/losing market share) are great targets. They know you are not in a position to fight back bc you are dealing with internal issues and they can take you out and make an example of you.

    This is where you can use your competition and strategically align with them or align with those affiliated with your industry to combat these types of threats. And this ties in to what Loral L was talking about in her videos about trade associations and such..

    @ Jouyousnerd congrats on the new side hustle!

    @ Magenta
    I can relate. I did that penny pinching and still am somewhat doing that. But I as well desire to be able to have more luxuries in my life.

    @ KimP

    I think starting with some of the books Khadija has mentioned previously would be good: The Prince, The Art of Worldly Wisdom, 48 Laws of Power.

    As far as Asian books: The Art of War – is a Classic, Hide a Dagger Behind a Smile/36 Strategems (my favorite), One Hundred Unorthodox Strategies (currently reading).

    The reason I mentioned the books Khadija mentioned are because I think they all compliment each other and enhance your level of understanding.

    There are legions of strategy/Asian strategy books. So I am taking my time and going bit by bit. Lots of them have multiple translations and interpretations by different authors. Many of them are written as parables and show the actual war actions.

    For example and I am just making this up – Sun Li of the Wang Dynasty was being threatened by Chu Chang of the Chang Dynasty. Sun Li was in the mountains and all his men were at the battle of x river etc and then they go into the “moves” Sun did to defeat Chu.

    Sometimes you may get a practical explanation or example, but again this depends on the person translating/interpreting and providing context – you have to remember this happened ages ago, in a culture that is different from ours…

    So I have to marinate on these things and see how they can play out in my life regarding both business and personal issues. After marinating for a while I can start seeing all kinds of angles to various situations.

    • Melissa Q. says:

      I see the importance of staying five ten steps ahead. Let’s be real here we all say we want to be fair, but we know capitalism isn’t ‘fair’. You should also create and call upon higher ‘connections’ that you have made in the industry and the outlying structure (esp. the gov). Those ‘seals’ of approval make people back off, especially those with money and power. Demonstrative some hidden ability makes enemies wary also.

      I think the best way to avoid these type of attacking situations are taking preventative measures. You should check for an opening to strike first and check their movements. If you have complied with Greenpeace & PETA beforehand, and you guys are good buddies, there should be no strike. As Barbra Sizemore said: “Kinship, friendship, and politics” are the main ways to get jobs, and other ‘benefits’.

  7. Karen says:

    Dear Ladies,

    A gentle reminder to all of us. It does not matter at this point what mistakes we have made in the past, it only matters now that we move forward. I used to have regrets about “if I had/had not done this or that, I could have spared myself some suffering or been farther along”.

    The reality is that life is a journey and if we are able to learn from the experiences and move forward, then we are well ahead of most who never learned or take any action.

    Our ships are leaving these shores and I for one am quite happy to read of so many Sojourners and Sojourners-in-training.

    Stay vigilent as there will many who will try to stop you, maintain stealth in all your activities, but keep moving forward.

    I wish all of us a happy, healthy and prosperous New Year!

    ============

    Dear Khadija,

    Thank you very much for this safe place to exchange information that is beneficial and life enhancing!

    Happy Holidays to you and yours!

    • Dear Karen,

      You’re welcome!

      Merry Christmas, and here’s wishing you a happy and prosperous New Year!

    • joyousnerd says:

      Karen, thank you for that reminder. I keep trying to drum that point into my thick head. Sometimes regret fills me to the brim and spills over. I know that’s nothing more than a painful waste of the present time, though.