There has been a lot of ups and downs in the life of Tanmay Bhat and here he shares about his experience and learnings about money-making and revenue generation. Also, he has many suggestions to share with the upcoming generation of creators who are trying to tap the wealth in the creator economy.
Social media’s big-name Tanmay Bhat has a huge net worth and new age creators can learn a lot from his journey with money. Like others, Tanmay also made a lot of mistakes and learned from them. He did not raise any funds but rather he invested his own personal savings to build his company. He used to only concentrate on content and content. Few points from where the new generation can learn from Tanmay’s journey of wealth:-
It is fine to chase wealth
In a country like India, money is considered the root cause of all evil. In many Indian families, it is taught to limit yourself from too much of money. But with time this thinking is changing and it should change. In India being a money minded person is considered bad but according the Tanmay being a money-minded is not bad at all. Rather we can call it as financial freedom. He shared his experience that he used to consider bad for people who raised funds for their business but now with time his mindset has changed and he realises that his attitude was wrong but now in present he cannot change his past mistakes.
Money can’t buy happiness but it can buy you comfort
In India we often hear this phrase that “Money cannot buy you happiness” which to some extent is correct but the fact is that money is very powerful and it can definitely change an unhappy situation to a comfortable level. This is because of the financial freedom that you get with money and wealth. At times it happens that when you realize this fact, it is too late and you are not in a situation to make money and achieve financial freedom.
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Think out of the box
Generally, people don’t take any steps which are out of predefined notions that they are supposed to take to make wealth. Most of us are not able to think out of the box and try same old ways that we have seen which have been success in past with someone else’s experience. This way we restrict ourselves and so our financial freedom is always at a distance. We need to change the status quo and try to find ways other than the predefined ones so as to gain wealth. Anyone can be wealthy whether he is a comedian or an entrepreneur. More followers you have, the more you charge and this is how things move. With time one can learn that if you are more creative, you can break these predefined paths of success and make money with your creative instincts. You have to play some games with the money to get richer earlier than you think. Today, lot of creators miss that instinct.
Money Talk
Generally creative people don’t talk much about money and wealth and the one’s who talk have to face lot of criticism in society. Tanmay thinks it is needed to be honest if you talk about money. Generally people don’t take views and suggestions from other people talking about the money. They generally are hesitant to do that quite often. One should be one and blunt if you meet richer and wealthier people and ask them openly how we can do it and achieve our goals. One should not be ashamed of doing this just because others are behaving like this.
Try different things
One should not be shy of doing things in “different” ways and be creative. A lot of creators feel that if they do a certain things in a certain way they may lose the existing audience so this stops them to try more and more things. One should not be afraid of experimenting. A creator should always be open to ideas and should work on multiple streams of making revenue.
Route to wealth
Generally, it is always a battle among the things you like and the ways which help you make wealth – This is now the old thought. If you are creative enough you can find out ways to make money while you do what you love to do. It is that you just have to find out a suitable way.