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My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Curse of Familiar Riches

Reusability

The mental trap where entrepreneurs can easily envision 1-2x income growth (because they understand those mechanisms) but their brains short-circuit when trying to think of 10x growth paths.

How It Works

Once you achieve a certain income level, your brain becomes familiar with the methods that got you there. You can easily see similar opportunities at the same level, but the neural pathways for dramatically different approaches don't exist.

Components

1

Identify your current 'familiar' income level

2

Consciously refuse all 1-2x opportunities for a period

3

Daily ask: 'How would I make 10x more?' until brain stops short-circuiting

4

Research people who actually make 10x more and reverse-engineer their methods

5

Add time constraints to break existing mental models

When to Use

When you notice yourself only considering opportunities that are incremental improvements over your current situation.

When Not to Use

When you're genuinely content with your current level and want to focus energy on non-financial goals.

Anti-Patterns to Avoid

Accepting the first 2x opportunity that comes alongAssuming 10x requires 10x more workBelieving your industry doesn't have 10x examplesGetting discouraged when brain initially can't find answers

Example

Shaan made $120K salary and could easily see paths to $150K-240K, but couldn't imagine $500K+ until he forced his brain to study people at those levels and ask different questions.