- The Creator Report
- Posts
- 🦎 How To Become A Millionaire as a Content Creator in 10 Years (yes, even if you make less than $3,000 a month right now)
🦎 How To Become A Millionaire as a Content Creator in 10 Years (yes, even if you make less than $3,000 a month right now)
How to build wealth as a content creator and online entrepreneur
Jamar Jones
January 28, 2025
Read Time: 8.0 minutes
Hey there, Creator!
Something that’s not spoken about enough:
As solopreneurs, our business finances = our finances.
The goal of entrepreneurship is to build wealth.
However, 80% of businesses fail due to cash flow issues alone.
In this edition, I’ll help you take charge of your cash flow.
You’ll learn:
How to become a millionaire as a content creator or online entrepreneur in 10 years (even if you make less than $3,000 a month)
My 4/1/4 rule for becoming a millionaire in 10 years
The three biggest personal finance mistakes that keep content creators and online entrepreneurs from growing wealthy (and how to avoid them)
How to instantly improve your business margins and take-home-pay using the “Doug Dollar Dominator” GPT
It’s safe to say that reading this until the end will make you a wealthier lizard.
Let's. Crawl. In. 🦎
Unlock the Power of AI: Transform Your Business with Automation 🤖
Feeling overwhelmed with tasks and struggling to scale your business? You're not alone. But here’s the good news: AI Automation is here to help you work smarter, not harder.
🔥 Introducing the AI Automation Course 🔥
This isn’t just another AI Automation Course—it’s your ultimate playbook for leveraging cutting-edge AI tools to save time, cut costs, and grow your business faster than ever.
💡 What You’ll Get Every Week:
âś… Actionable strategies to automate repetitive tasks
âś… Exclusive insights on AI tools transforming the game
âś… Proven workflows to boost productivity
âś… Tips to create high-converting digital products
Whether you’re a seasoned entrepreneur or just starting, this course will give you the edge to stay ahead in the AI revolution.
📩 Don’t Miss Out
The AI wave isn’t waiting, and neither should you. Check out the newly released AI Automation Course today and start automating your way to success!
How To Become A Millionaire as a Content Creator in 10 Years (yes, even if you make less than $3,000 a month
Step 1: Invest all your money into $BTC coin and pray to Satoshi Nakamoto
Step 2: Become a millionaire
Next, the three biggest personal finance…
Just kidding.
The biggest financial opportunity AND problem of being a content creator or online entrepreneur is that you have 100% control over your finances.
You control your revenue.
You control your expenses.
You control your savings.
If you do your finances right, you have the unrivaled power to become wealthy.
You can even become a millionaire in 10 years.
Usually, people will show you calculations of how you can “save your way to a millionaire.”
Most people, unfortunately, suck at saving…
Instead, think about it this way:
My 4/1/4 rule for becoming a millionaire in 10 years
Assuming you make $1,500 a month right now and have $1,000,000 to your name in 10 years, you need to do just two simple things:
1) Increase your take-home income by 4% every month
2) Save ÂĽ (one quarter) of your income every month
If you do this, your income will grow like this over the next 10 years:
First off:
Is it easy to pull off?
By no means.
But it’s simple.
Growing your income by 4% every month sounds so much more achievable than becoming a millionaire.
Also, if you:
Earn more than $1500 today
Have some existing money
Can afford to save more than 25%
Invest the money you earn
This whole equation becomes much faster and/or easier for you.
I just took a low starting point to make this seem more achievable, even if you are a beginner.
Now, let’s dive into the three biggest mistakes you need to avoid on your way there:
The three biggest personal finance mistakes that keep content creators and online entrepreneurs from growing wealthy (and how to avoid them)
In my experience, most financial mistakes by solopreneurs come down to only three mistakes:
Mistake 1: Not measuring revenue, profit, and expenses
James Clear once said: (paraphrasing)
You don’t improve what you don’t measure.
If you don’t know the basic financial metrics of your business, you can’t improve them, and you won’t become so wealthy.
How to solve:
Create a simple Google Sheet with your revenue sources, list of expenses, and margins.
Find a template or ask GPT to design a spreadsheet for your business.
Once you have it set up…
…make it a weekly or monthly habit to review your financial metrics.
What’s measured gets improved.
(I’ll make a newsletter about how to use GPT to set up all of this, too)
Mistake 2: Not realizing that financial mistakes scale with income
Most people don’t realize your habits don’t change with a higher income.
If you can’t save any money at $1,500 / month income…
…you won’t be able to save any money at a $100,000 / month income either.
Money leverages your habits.
If you’re used to spending 100% of your income, you’ll always do that.
How to solve:
Don’t “wait” until you earn more money to manage your money.
Start cutting away expenses you don’t need today.
Fun fact: I once accidentally changed my credit card number and received 10+ emails from services I didn’t even remember being subscribed to because my payments failed. This helped me eliminate many recurring expenses.
Mistake 3: Lack of financial accountability
When you’re the only person in control of your money, nobody tells you to stop spending.
That’s dangerous - you’re not accountable to save money.
This makes it easy to overspend.
How to solve:
Back in the day, you could solve this by giving a friend your credit card & telling them:
“don’t let me buy shit I don’t need”
But today, there’s a much faster & more entertaining option:
The Doug Dollar Dominator.
How to instantly improve your business margins and take-home-pay using the “Doug Dollar Dominator” GPT
The Doug Dollar Dominator is a GPT trained to keep you financially accountable.
How it works:
Doug becomes your Chief Financial Officer (CFO), and they are in charge of all your money
If you wanna make an expense, you gotta run it by him first
He’s trained to act like a military drill instructor and won’t go easy on you
Using him will force you to maintain a target income, profit, and savings rate.
Here’s a sample chat of how I use him:
HOW TO USE THE DOUG DOLLAR DOMINATOR:
Start a conversation (say “hi”) and answer his questions.
Ask Doug about any expenses you’re considering
Example:
Pro tip: Keep the same chat with Doug for the long term so that it continuously learns from your past business moves and gains more context. This isn’t a one-time move; it’s an ongoing effort.
Remember: this is just the outline.
However, I’m consistently impressed with the ideas and angles this prompt gives me.
And, in case you’re wondering, I leverage this prompt ALL THE TIME for outlining the very newsletter you’re currently reading :)
WHAT YOU LEARNED TODAY
How to become a millionaire as a content creator and online entrepreneur in 10 years (even if you make less than $3,000 a month)
The three biggest personal finance mistakes that keep solopreneurs from growing wealthy (and how to avoid them)
How to instantly improve your business margins and take-home-pay using the “Doug Dollar Dominator” GPT
Doug Dollar Dominator is already making me make great compromises in life…
It won’t let me go to the grey industrial town off Wuppertal instead of Dubai—it suggests a “staycation.”
See you next Tuesday @ 10 am.
~Jamar
What did you think of todays email?Your feedback helps us create better emails for you! |
p.s. You can find more newsletter content here if you want to sign up for this Newsletter or share it with a friend or colleague.
Disclosure: Some posts in this Newsletter may be sponsored. Endvr Digital LLC may receive a small commission if you sign up or fill out their form, or Endvr Digital LLC might own a percent of the business. In particular, but not always, those sponsored, commissioned, or owned posts might have an * in the subject headline.