September 20, 2012, 6:00 am

There’s No Substitute For Hard Work

by: MD    Category: Alternative Income
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“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” — Michael Jordan

You can make excuses all that you want. You can complain about your failures until you run out of breath.

The truth is…

  • You don’t have to graduate from a prestigious school.
  • You don’t have to be born smart.
  • You don’t have to be connected to the CEO of Google to make money and build connections.
  • You don’t have to be the most charismatic person in the world.

I’ve determined that there’s no substitute for hard work in my 24 years on this planet. Those that work hard for what they have will be able to sustain it in the long term. Those that get lucky or win the lottery, have a greater chance to squander it.

There are will always be more reason for why you can’t do something than why you can do it. You can always think of excuses. On the other hand, if you’re not afraid of work, nothing will stop you.

Instead of just throwing out theory, I wanted to share some examples of hard work and exceptional results:

Mike (The Financial Blogger).

Mike used to run income reports here that displayed six-figure results. Who wouldn’t want to make great money online? Most bloggers struggle to even publish fresh content or make a few pennies off Adsense. Mike runs a network of sites, on top of a full-time job, marriage, and three kids. That’s pretty intense if you asked me. I can barely take care of myself, let alone four other people.

Mike outsources a lot of his work. This makes him smart. Instead of working on his blogs full-time, he has decided to keep his job and outsource what he can’t complete himself.

Hard work comes in different forms.

Financial Samurai.

Sam was able to retire at age 35. For an outsider the obvious assumption would be that he either inherited money or won the litter. Neither are the case.

I did some research and found out that Sam saved 50-75% of his after-tax income for 13 years. That’s pretty impressive.

I must admit that I didn’t get along with Sam too well until we met at #fincon12. We had some drinks, shared some laughs, and even split a cab to the airport. He’s a passionate dude that likes to push buttons once in a while.

Sam’s hard work involved discipline and working hard for over a decade. He was disciplined enough to save an exceptional chunk of his net income. That’s hard work!


I read many months ago (March) about how Crystal of Budgeting In The Fun Stuff met her goal of $15,000 in one month. That’s amazing!

I remember when Crystal used to leave detailed comments on my blog. I wondered why this avid reader never started her own blog. Now she makes way more money than me! She jumped on an idea and went all the way with it. She wasn’t afraid of work.

I can keep on going with the examples. You probably get the point by now. There are different kids of hard work. Each kind of hard work pays off. You can work hard by practising discipline with your savings. You can work long hours on your side business. You can invest your money and outsource the mundane tasks afterwards.

There’s simply no substitute for hard work. I spent many months and perhaps years, looking for answer and shortcuts. I’ve slowly come to accept that you can’t substitute hard work. You’re either willing to work or you’re not.

What’s the magic formula? I don’t know! I want some help from you guys. I would like for you guys to fill in the blanks for me here.

What balance of working smart vs working hard do you need to find? How can a 20-something focus on the right sort of work to get ahead and retire early?

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Oh I wish more people would realise this. People seem to think that making money online is just a case of working for five minutes a day when in actual fact most of us work longer hours than we wold at a regular 9to5 job. 🙂

I once heard a story about Olympic athletes visualizing success before an event. I think they not only visualize success, but visualize failure and how to avoid it. They fail many times in their mind before the event to get those out of the way.

Yikes! I wouldn’t want to win the litter! 🙂

Thanks for the highlight MD. I’d like to really blog about personal finance and the development of various income streams given as many of us know, our main readers are not bloggers.

The best thing about hard work is when it’s over. The rewards come back in spades!

Best way to achieve early retirement is simple as earn more spend less and invest the difference. Work hard on things that will achieve these goals and avoid things that don’t help.

by: The Financial Blogger | September 21st, 2012 (4:53 am)

Hey MD!

thx for the mention 🙂

Where I work, the branch opens at 10am. Most people comes in the office between 8:30 and 9:30. I’m there at 7:30. Prior to that, I’ve done some blogging and work out. But most people only see the guy who leaves at 4h30pm while they are still at work. They tend to forget that they lose an awful lot of time in the morning.

While they sleep or take their coffee reading the newspaper, I’m awake and working (hell! it’s not even 6am and I’m writing comments this morning! hahaha!).

On the other side, you need a little bit of talent too. But your talent doesn’t have to be extraordinary. It just has to be fueled by a lot of passion 🙂

[…] 6. There’s No Substitute For Hard Work @ TFB. […]

Thanks for including me! Yep, success in my case was just a matter of 100-120 hour work weeks until my hobby job grew bigger than my day job. I still work more hours now than I ever did at my last job, but it is way more fulfilling. 🙂

It’s so true that the way to success is through mistakes. We can’t be afraid to make mistakes if we’re wanting to progress. Viewing failure as a good thing and a landmark on the way to success is important.

[…] There’s No Substitute for Hard Work at The Financial Blogger […]

I completely agree. People are always looking for a big break or someone to help them but working your way to success is much sweeter than having it handed to you. There’s no insurance you’ll be millionaire but working your behind off to make it leads to feeling satisfaction regardless of outcome.

[…] The Financial Blogger: One of the many PF bloggers named Mike, TFB has great tips for online entrepreneurs who want to build an online empire. There’s No Substitute for Hard Work […]

Hard work is something that I value big time. Too often I hear people complain about their circumstances, which they could improve with some hard work. But hard work is overlooked – people don’t want to work hard.

All three examples were insightful. If they can be successful then I can as well.

[…] There’s No Substitute for Hard Work at The Financial Blogger […]