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Nick Huber
@sweatystartup 4 years, 3 months ago 742 views

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What successful people understood before they were successful.

A short thread.

Mentorship isn’t about finding a great mentor.

It’s about becoming a person great mentors WANT to help.

Hiring isn’t about finding good people.

It’s about becoming a person good people want to work for.

Wealth isn’t about extracting value from others.

It’s about adding 10x as much value as you want to receive.

Winning doesn’t mean others lose.

The real winners help 1000 others win with them.

People do business with people they like.

Become a person others like.

You can’t please everyone.

Please the people who are who you want to become.

Business is about momentum.

What you do on day one will look nothing like what you’re doing on day 10,000.

You get ahead by saying yes to everything.

When you get momentum it’s much more about saying no.

A very small amount of your relative effort will generate an outsized amount of your success.

When you take time to zoom out and figure out what that is, you can do much more much faster.

Give up quickly.

Time is more valuable than money.

Being selfish is okay. Everyone is selfish.

Find a way to make sure everyone wins and everyone can be selfish for good reasons.

Selfish + abundance = wins

Selfish + scarcity = losses

1/2 the folks in this world are leaches.

Take take take. Give nothing.

Avoid these people. Do not bring them along on your journey. Do not hire them. They drag everyone down.

Sales is the key to success.

Being able to sell yourself and your ideas is how you win.

Being comfortable being uncomfortable is how you win.

Everything worth doing in this world requires you to get uncomfortable.

Entrepreneurship doesn’t have to be risky.

Opportunity =\= risky

Being a good businessman and having financial success is a small part of the big picture.

The key is finding a way to be a good friend, husband, father at the same time.

Consistency is way more important than efficiency.

Anything worth doing gets really tedious 2 years in. Year 2-5 is the critical period.

If you want more content just like this, signup for my newsletter at https://t.co/FEt1sBoSWS

Thank you for reading!

TLDR:

Make yourself into the person who deserves what you want out of this life.

More from Nick Huber

Nick Huber
@sweatystartup

Want to know how to get brokers to bring you deals first?

Want to build a machine that can buy real estate while you play golf?

Have a very professional and organized METHOD for closing on a property.

It's a system. And here's how we do it.

A thread 👇👇👇

The thing is most sellers (that I deal with) have never sold a property before.

They don't know what to expect. They don't know how it works.

So they naturally have unreasonable expectations and there is a lot that can get lost in the shuffle.

And it creates stress.

And most brokers are working several deals at a time. And they aren't at liberty to tell a buyer how to do business.

So their hands are tied.

And for that reason a lot of closings are shit show. They are delayed. They end up with lawyers huddled up on Thursday night at 10pm.

And for that reason its YOUR JOB as the buyer to take charge.

Set the expectations.

Set the timeline.

And be a professional.

Step one:

Get a signed letter of intent that lays out the terms for your attorney to draft a contract with.

Step two (5 minutes after signed LOI)

Send out an email linking all of the parties and outline their role and a timeline.

Nick Huber
@sweatystartup

As a real estate entrepreneur you need a certain mindset to win.

From sourcing deals to dealing with bankers to deploying capital...

There are certain attributes that make you BETTER at creating long term wealth.

A thread 👇👇👇

RE is all about generating what we call YIELD.

Yield is the return on our precious capital.

And it comes in two forms:

Cashflow - the cold hard cash it puts in your pocket.

&

Appreciation - the additional VALUE to a buyer or a banker above and beyond what you paid.

And before we start. A note on YIELD.

It's getting harder and harder to find.

Capital is plentiful and yield is scarce.

Folks are chasing deals with less and less of it and they are taking more risk to get the same amount of it.

The amount of yield you get from a real estate deal is all relative to the amount of risk you take.

A risky deal deserves more upside and thus more yield.

A safe deal deserves less upside and thus less yield.

The winners think about one thing only:

Risk-adjusted yield

Successful real estate folks have a long term mindset.

The folks who win in real estate don't buy-in to the "life is short" mantra.

They know that life is long. And they are fine to do work now and get paid later.

TIME is what makes these folks wealthy.

They get paid to WAIT.

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Nick Huber
@sweatystartup

If you're new to real estate twitter this is a must-read.

A thread on how most real estate folks structure deals with outside investors.

Most GPs utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

Nick Huber
@sweatystartup

A hill I'll die on:

95% of entrepreneurs should forget about technology (a few big fish and a lot of sophisticated fishermen) and focus on small business (small fish everywhere and really crappy fishermen).

A THREAD:

Be like water.

Take the path of least resistance.

The goal of every entrepreneur should be:

#1. Gain financial freedom

and

#2. Maximize probability of achieving #1

Because when you have financial freedom your world opens up.

You can start doing what makes you happy.

And you can positively impact a lot more people with project #2, 3, 4 etc. You're in a position to try to change the world if you have financial freedom.

So why don't more folks think about opportunities with more weight added to #2?

The odds part. The risk. The probability.

The amount of small businesses in America that absolutely print money and still do business like it’s 1985 is astounding.

Nick Huber
@sweatystartup

I'm not gonna lie.

My success is 95% attributable to running with the right people and being in the right place at the right time.

The lucky part for me:

It’s a flywheel and it’s all about momentum.

I’ve learned a lot from those folks. I’ve learned a lot about business and management and real estate.

My network is growing.

And I’ll continue to get even more opportunities and meet more people.

My advice:

Surround yourself with great people, add value to their lives so they keep you around, and focus on spotting opportunities.

Do the not fun, hard, sweaty work early so you can build up capital. Then work smart and keep the flywheel going.

And the thing you need to realize:

50% of people are negative, incompetent, mean and take more than they add.

Like crabs. They pull you back down into the bucket. Instead of lifting you up to help you win.

Cut the crabs (even the family crabs) out of your life.

The other 50% have an abundance mindset.

They don’t complain or blame.

They believe you winning is good for them. So they want you to win and will do things to help you win because they know it comes back around.

These are the folks you need to find, help and spend time with.

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Nick Hinton
@NickHintonn

A Conspiracy Thread: Did Chaos Magick Break Reality?

What the hell is going on? Coronavirus, societal collapse, monoliths, aliens, what more do I need to say? Did William S. Burroughs actually achieve his goal of breaking reality? Let me explain.

William S. Burroughs was a member of Peter J. Carroll’s magickal organization, The Illuminates of Thanateros. They practiced chaos magick, a system of magick that denies all fixed models of reality. Basically they are encouraged to believe in whatever reality they want.

Burroughs was also an author who often used the cut-up method to write his novels, a technique that involves cutting up newspapers and magazines, putting the clippings in a hat, and then randomly pulling them out to create sentences.

Burroughs believed the cut-up method was a form of chaos magick that destabilized language, which he claimed was the main control mechanism of reality. Burroughs’ goal was to utterly destroy and dismantle all control systems and he thought his cut-ups could help him achieve this.

Daily Stoic
@dailystoic

“How long are you going to wait before you demand the best for yourself?” Epictetus

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$ArmaniTalks \U0001f399\U0001f525$

ArmaniTalks 🎙🔥...
@ArmaniTalks

Too much intellect without a sense of self can inflate your ego.

This is why a lot of high IQ people lack social intelligence.

They talk to humans like robots & are baffled when they are resented for it.

This is why the charismatic person who knows less often rises up quicker

'What you smoking bro?? My IQ will be the biggest factor of my success!'

Incorrect.

That's a limiting belief.

I'm gonna shake up your paradigm real quick 👇

You have been conditioned your entire life to believe that IQ score alone will dictate success.

And like most people, we were like 'yea, sure!'

But there's few incorrect thought patterns here

1. Success is subjective.

2. IQ exam insinuates intellect is fixed.

3. Your high IQ won't make others give a fuck, your communication will.

Let's go thru each one

1. Success is subjective

What I consider success may not be success for you.

Success it's a mirror image of where you are & where you want to be.

Aka sense of self.

So measuring success starts from looking within, not an exam.

$N8\U0001f451$

N8👑
@SculptYourMind

How to Escape the Prison of Your Mind

// Thread //

O𝚋̲𝚜̲𝚎̲𝚛̲𝚟̲𝚎̲ Y𝚘̲𝚞̲𝚛̲ T𝚑̲𝚘̲𝚞̲𝚐̲𝚑̲𝚝̲𝚜̲

Your mind is a room and your thoughts are a window.

When you think it is as you look into your room of thoughts.

Pay attention to what goes on, learn your mental triggers. Pay attention to how you respond to situations

Continued..

Your thoughts are not always to be believed.

You thoughts come and go like a car going through a car wash.

One in, one out. Depending on how long you want to wash the car depends on how long the thought stays.

Observe your thoughts with no judgement

L𝚒̲𝚟̲𝚎̲ 𝚒̲𝚗̲ T𝚑̲𝚎̲ P𝚛̲𝚎̲𝚜̲𝚎̲𝚗̲𝚝̲

Understand where you are in your reality at all times

Think about the description of thing to the left of you:

-What color is it?
-What shape is it?
-How big is it?
-What is its function?
-Why is it built that way?

Continued..

Why is this healthy? Because it releases your thoughts into your present objective reality.

Knowing that you are there is a good way to stop thoughts because then you start to live. 👽

Dragon Inve$tor.
@Dragon_Investor

5 Problem-solving Skills From a Chess Grandmaster You Must Learn and Teach Your Children.

How do I solve my problems? Does everyone know how to solve all their problems?

At times, it happens that the principles of games like chess and poker help us solve most of our problems.

Which principles are we really talk about?

1. Working backwards - By looking back, you have past experiences of most problems, or have seen someone solve the same problem in the past, this provides solutions to present problems.

Look back and find the best possible solutions.

2. Have a realistic view - it happens, when we're doing something, some steps that come at later stages are rushed up or ignored. As a result, we get stuck because we give too much attention to the beginning instead of the journey to the end.

3. Simplify - Simplify a situation and narrow down the things you need to do because too many choices create confusion. It becomes difficult to make decisions.

Try to make things as simple as possible.

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Vibhu Vashisth
@VIBHU_Tweet

राम-रावण युद्ध समाप्त हो चुका था। जगत को त्रास देने वाला रावण अपने कुटुम्ब सहित नष्ट हो चुका था।श्रीराम का राज्याभिषेक हुआ और अयोध्या नरेश श्री राम के नेतृत्व में चारों दिशाओं में शन्ति थी।
अंगद को विदा करते समय राम रो पड़े थे ।हनुमान को विदा करने की शक्ति तो राम में थी ही नहीं ।

माता सीता भी हनुमान को पुत्रवत मानती थी। अत: हनुमान अयोध्या में ही रह गए ।राम दिनभर दरबार में, शासन व्यवस्था में व्यस्त रहते थे। संध्या को जब शासकीय कार्यों में छूट मिलती तो गुरु और माताओं का कुशल-मंगल पूछ अपने कक्ष में जाते थे। परंतु हनुमान जी हमेशा उनके पीछे-पीछे ही रहते थे ।

उनकी उपस्थिति में ही सारा परिवार बहुत देर तक जी भर बातें करता ।फिर भरत को ध्यान आया कि भैया-भाभी को भी एकांत मिलना चाहिए ।उर्मिला को देख भी उनके मन में हूक उठती थी कि इस पतिव्रता को भी अपने पति का सानिध्य चाहिए ।

एक दिन भरत ने हनुमान जी से कहा,"हे पवनपुत्र! सीता भाभी को राम भैया के साथ एकांत में रहने का भी अधिकार प्राप्त है ।क्या आपको उनके माथे पर सिन्दूर नहीं दिखता?इसलिए संध्या पश्चात आप राम भैया को कृप्या अकेला छोड़ दिया करें "।
ये सुनकर हनुमान आश्चर्यचकित रह गए और सीता माता के पास गए ।

माता से हनुमान ने पूछा,"माता आप अपने माथे पर सिन्दूर क्यों लगाती हैं।" यह सुनकर सीता माता बोलीं,"स्त्री अपने माथे पर सिन्दूर लगाती है तो उसके पति की आयु में वृद्धि होती है और वह स्वस्थ रहते हैं "। फिर हनुमान जी प्रभु राम के पास गए ।

Vedic Gyaan
@vedicgyaanindia

The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

1. धीवर प्रसार शौर्य भरा: The brave persevering one, your bravery is taking you forward.

2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

3. ुग्रामा असामा शौर्या भावा: He is strong, and without an equal in the ability/mentality to fight

4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.

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Noah Smith
@Noahpinion

Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.

One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018

See this thing that @lymanstoneky wrote:

And see this thing that I wrote:

And see this book that @JamesFallows wrote:

And see this other thing that I wrote:

Anshul Pandey
@Anshulspiritual

RISHI ASHTAVAKRA(DEVAL)

Those who are well versed in our ancient scriptures must definitely have come across the name of Ashtavakra Muni. Who was he and what is the story behind his body getting crooked from all sides.

Muni Asit was the son of Pracheta Rishi.

He was childless and this caused a lot of worry to him. But an Akashvani assured him that he should go to Shivji to get all his
worries nullified.

So he along with his wife go to Shivji and after paying him obeisance start singing Shivji's praises.

He describes Shiv as the one who is beyond any other thing, whose glory has no words to describe. After this the couple stands with folded hands in front of Rudradev. The strotras sung in praise of Shiv possess magical qualities even today.

Shiv gets satisfied by them soon and is ready to grant a boon.

Shiva told him that, he very well knew what the Muni desired. He then gives him the "Sansaar Vijay' mantra and asks him to keep reciting it. The Isht devi would come at an appropriate time and fulfill his wish.

Asit Muni kept reciting this mantra for hundred years. The Devi appeared and granted him the boon of a son as a Shivansh. A son was born and was named as Deval. He grew upto be a great scholar well versed and a handsome young man. Asit Muni got him married to Ratnamalavati.

Jaya_Upadhyaya
@Jayalko1

BANASHANKARI AMMA, NEAR BADAMI (KAR)
#bharatmandir #navratri2021

Originally built by Chalukyas in 7th century. Devi Banashankari was their family deity. This image of Banashankari Amma was installed by Jagadekamalla I in 630 AD.

Later renovations were done by Marathas.

Once, a demon Durgamasur was troubling the people of this area. Answering the prayers of Devas, Ma Parvati emerged from the yajna fire as Banashankari and killed Durgamasur.
This area has rich forests of coconut, betel nut and other trees.
@GunduHuDuGa

It is said that during a severe famine, Devi provided vegetables and fruits to the people of this area.
Hence, she is also worshipped here as Shakambhari.
In the annual festival called Banashankari jatre, a Rath yatra takes place and Devi moves around the city in the chariot.