Welcome Avatar! For paid subscribers we offer a Q&A and access to us on a monthly basis. The most interesting thing? Many people are still avoiding fundamentals. While we are all about intensity, passion and excitement. You can’t avoid the fundamentals and “hope” that things work out for you. Hope is not a strategy. It is for Disney watches and fiction. Instead we’re going to outline ten of the most important things you should learn about this side of the web. Even if you don’t care about being rich, they will impact your life in a positive/meaningful way.
#1 Health is Always First: We’ve said this before. While we focus primarily on helping you become exceedingly rich with a chance to make it to DeGen Island 2035… All of this is meaningless if you’re in a Hospital bed. If you want to see the pain of being in bad shape, volunteer at a Hospital (targeting the elderly if possible).
Health is #1. If you are in bad health, you can’t use the money and you can’t even make more money. That’s how important health is.
The trick? Balancing energy with time. In your 20s you can hit the clubs, party until 2am and be perfectly fine by 7am. If you want proof of this just follow BowTiedNightOwl on Twitter. Despite working in Private Equity, he still has time to study DeFi, troll Twitter and get lit up on the weekends. This is not something that is feasible at age 40.
Again. We’re not being negative we’re being realistic. When you’re in your 20s you have TONS of energy that can take a big beating (no health impact). This is not the case in 20 years. Don’t use your energy to black out at the clubs with push-up bra Susan at Catch on a Monday/Tuesday in Manhattan.
In short, grind like no other in your 20s and make sure your health is your #1 priority at all times. You can’t make money, spend money or enjoy money without it. In your 20s, you can easily work 80 hours a week because your body can handle it. IT will not get easier in the future.
#2 No Scarcity Beliefs: This is primarily an issue for WALL STREET people. Yes. Seriously. Wall Street is a masochistic industry where everyone believes they are the most important person. This creates scarcity mindset/beliefs even though money is not a zero sum game. While we have distain for Wall Street (saw more scams and illegal activity/racism than anyone could possibly imagine), some of the guys are actually smart. The problem? They all have a zero sum ego blocking mentality.
Here is way to fix that. If you know ANYONE you should be happy when they get rich. If they get richer than you, the reaction should be THRILLED. Not insecurity or negativity. If you show that you are actually upset you just burned a bridge with a decamillionaire or centi-millionaire. Congrats. You played yourself.
Making money is *never* zero sum. There is always opportunity for wealth and if you are *unhappy* when someone you know succeeds, you’re the problem and you are are parasite. If you are thrilled that they made it, they will *remember* you forever and they will look out for you if you need something in the future. In short, don’t be a hater and don’t be insecure. Support people and you will have powerful friends beyond your wildest imaginations in less than 5 years.
#3 Spirituality/Religion: What your beliefs are? Not important to us. What is important is that you have *some* sense of a greater being/cause. While your typical atheist will flip out, that’s the point! In this incredibly difficult game of life, you will go through immense pain and suffering (if you want to win in the end that is!).
During these times it is good to have some sort of belief in a greater being/greater cause. If it’s called God/Spirits/Deities? Not important to us. Do not go through life believing that there is no greater power as you will need some positive belief if you wish to survive the ugliest of all situations (physical injuries, mental trauma, 20 hour work days here and there, etc.). In short, no need to tell us your religion/god/deities. Instead, focus on the good. What benefit is there to being an atheist? None.
#4 Frugality Doesn’t Work: Frugality is another word for scarcity. We joke/troll with bro humor that a frugal woman is simply unattractive. No 10/10 Russian model is paying for her own dinner or living in the Favelas for $5 a day in Rio De Janeiro. You have to spend to earn.
This is another area where most “upper middle class” people fail. They try to look for the best possible deal and squeeze every single penny. It doesn’t work and this is why they never reach elite status (Deca-millionaire or better). In short, if you never learn to spend to earn… you’ll never be rich. This is a comment referring to both money and social life. Few.
#5 Don’t Give Things Out for “Free”: If you are a parent you will notice this. If you are not a parent think back to when you were age 10-15. If you got something entirely for free you didn’t care about it and likely ruined it. However. If you had to work for it (saving an allowance from chores) and bought something, chances are you took good care of it.
The same applies to money, business, friends and charity. Do not simply hand out money. It is squandered. This does not mean you should be frugal/a scrooge. It means you should fund/give out money to people who have proven they can do good with the funding.
Person A received $10,000 with no plan and no skillset. Chances are it will be blown in weeks. Person B, puts hundreds of hours into coding and proves he has the skills to be elite. You give them $10,000 to go to a coding camp. You can wager that this person will excel and not harbor any animosity towards you.
Autist Note: if you become rich (your chances are extremely high if you’re reading this), then you will find that friends/family ask for free stuff. If you decide to give friends a loan, you will lose the friend and the money. The better balance is to give people you care about/love just enough to retire and fade away. Otherwise they will try to drain you because “it’s nothing to you bro”.
In short, if you give people money who deserve it they will remember it for life. If you give out stuff for free, you lose the money and create an enemy (animosity as you’re ruined their ego).
#6 Follow Your Skills… Tie it To Money/Growth: Ignore the “Exception” to the rule guy. In general, you want to aggressively follow your skills and then figure out how those skills can address a *large and growing market*
This is actually quite easy to figure out. If you wanted to go into Technology is it smarter to build your career in crypto/software or in hardware like telephones. It is a no-brainer. Crypto/Software. If you are extremely athletic and can become a professional athlete is it better to be middle of the pack in the NBA (6th man) or the #10 high jumper in the world… the NBA is the clear answer.
In the end we don’t know what skills you have. That is the entire point of life! You have to find out what you are good at (the hardest), then begin looking for an area that needs your skills. In short, figure out what you are good at. As a bonus, if you get our attention we will even fund you for free (yes seriously). We’ve done it already with BowTiedSalesGuy, BowTiedOx, BowTiedOctopod and more. Before saying this is a contradiction to the prior section please read it carefully. If you *prove* you are good through grit and effort we will fund. If you want a handout or free marketing enjoy the crickets.
#7 Some People Don’t Have “It”: There is no solution here. You cannot save everyone. Life is too short to try and save everyone. You should try to save people with talent and skills not the guy who is cheering/praying for you to fall (loser/scarcity mentality).
Life isn’t fair and that’s okay. Why? In life if you put in 100% effort you are practically guaranteed to reach the top 5% (not financial advice just a cartoon opinion). The only time we’ve seen someone put in max effort and fail? Some sort of obscure health issue or extreme bout of bad luck. Over the long-term if you put in 100% effort you’ll make it to the top 5% at minimum. Combine that with some luck and talent and you’ll be in the top 1% with ease.
Back 100 years ago, people with no “it” factor simply didn’t get to procreate. That’s effectively “Darwinism” or “survival of the fittest”. Not fun to talk about considering America encourages weakness. However. It is reality.
In short, only try to save the people who have a shot. Life is too short to try and help everyone. Find the winners, drag their profile up and keep the ball rolling in the right direction. Objects in motion stay in motion… applies to life as well.
#8 Align Incentives: You should always align incentives. If someone doesn’t understand this basic concept, distance yourself and move on. It just isn’t worth the headache. If you’re constantly helping someone and they never show progress and never do anything in terms of reciprocity - delet and move on.
There is no way that these individuals figure it out. We’ve seen it for long enough to realize that the probability of “turning it around” is 100x lower when compared to finding someone new. This is no different than sales/dating etc. If someone doesn’t like you it’s a lot better to find someone else vs. trying to convince them to change their mind.
Incentives drive results. If you can do this well, everyone will be happy. Over time incentives do change (which causes infighting), however, the incentives matter over the long term. If you leave a starving dog in front of a steak and expect it to die vs. eating the steak, you’re simply a fool.
In short, align incentives. The bigger your plan? The more this is needed. Especially if your team is growing & full of geniuses.
#9 Stop Caring So Much: No one cares about you. The president doesn’t care. Your boss just wants you to help him make money. 90% of your friends just want something out of you. The girl you are dating will easily adapt if you break up. Life isn’t that serious.
If you want proof of this switch jobs. You’ll be forgotten within 3 weeks. If you move cities, you’ll have new contacts within a few months. You’re really not that important (yes we’re saying this about ourselves as well). In the end, the world is an enormous place and very few people would have a ripple on society if they left forever.
This sounds bad? Not really. It means you can take on more *risk*. Risk does not mean a few extra dollars in a mortgage. Risk means levering up all the contacts you have (at least the ones that you *think* will support you!). It means living life on the edge and pushing into humiliating defeat territory. After all, you’re reading a website that went all in with people they have never met! Imagine leveraging all of your contacts to support a bunch of cartoon animals where you don’t even know where they live, age, or name. That’s what we’re doing live! Why? If it works it’s massive! If it doesn’t? People won’t remember in a year or two.
In short, unless you are a Celebrity or famous CEO, no one is really going to care about what you’re doing. They will only care if they think they can get something out of you. Then. 3-5% of your contacts (real friends) will always be supporting your and hoping you get rich and live the life of your dreams.
#10 The Less You Need the More You Get: This applies to dating, money and business. If you don’t need anything the world gives you everything. This is part of the reason we took this massive risk. We’re losing tons by avoiding certain E-Com opportunities. Our gut says this is the opportunity of a lifetime.
In life, the less you need the more you get. The people who don’t understand this? People who claim they are “likable”. These guys are the lowest of the low. They smooth talk you into getting things and eventually blow up. The reverse is much better. Become so valuable that you can create opportunities without any talking/convincing. A simple “go here for this” and immediate value creation.
This is probably something that you already know. The guy who is trying to get laid off never gets laid off. The guy who keeps getting promoted doesn’t care much about blowing out his sales quota. The guy with 3-5 girls stalking him all day has 10-20 other girls sliding into the DMs every day. So on and so forth.
Instead of complaining about this, ask “how can i get a small win”. If you begin with a bunch of small wins, then you begin to get medium sized wins since you *don’t* need them. Then you end up getting a *large* win because you don’t need it… So on and so forth. In short, the less needy you are and the less you care = immense growth. Luck does not favor the needy.
Disclaimer: None of this is to be deemed legal or financial advice of any kind. These are opinions written by an anonymous group of Ex-Wall Street Tech Bankers who moved into affiliate marketing and e-commerce.
Q&A: We’ve got a busy day Monday, so please limit Q&A questions on this post for the macro picture we posted here (Tech bubble vs. Crypto today). Our Monthly open ended Q&A is coming up in just a week!