NO - stop wasting your time. Make money.
Then you use your wealth to pursue your passion.
Build the foundation first.
The 25 Worst Pieces of Advice I've Seen
(and why)
// THREAD
NO - stop wasting your time. Make money.
Then you use your wealth to pursue your passion.
Build the foundation first.
I see so many slaving at their job and it’s usually a dead-end job. They pay little attention to their children. It’s sad.
If you have to choose one always choose family.
Rich people choose both.
If someone damages your reputation you need to defend it. Fight hard. Your name is your honor.
Jaded people think like this.
Yes, humans make decisions in their best interests.
That our nature. Deal with it.
"Never trust anyone" is a reflection of personal darkness.
I have legitimately seen this advice on Twitter.
It's absurd.
Will not explain.
No. When you are kind to someone who treats you poorly you reinforce that behavior.
Never send mixed signals.
Life gets better as you age. At least it should be.
If not you are doing something wrong.
Getting good grades is nice.
But that’s it. It’s nice.
It’s not the end-all and be-all.
It’s one metric.
Grades do not dictate your life.
The biggest benefit of having fat stacks of cash is that you will sleep well at night.
All tension melts away.
You only realize this once you get there
If friends are rude or steal your energy they are not your friends. Leave those friends.
Never leave loyal friends. They are invaluable.
You are playing Russian roulette with your genetics when you have kids in your late 30s.
Trust me on this one.
This mentality programs people to act like a robot.
Take risks.
Stop worrying about what other people think.
Just cut them out. Move on.
Ignore loser energy.
Your health is your most important asset.
Make sleep a priority.
Whenever you embark on a journey of self-growth:
Tell EVERYONE you know of your goals.
People will then expect you to see them through.
This is a simple way of social proofing your life.
Most people eat sugary/highly processed food for breakfast.
Skip it.
Drink water and black coffee.
The reason why it happened is that you LET it happen.
This is just a clever cope mechanism.
The news exists to make you anxious.
Anxious people are easy to control.
Watch the news if you want to be controlled.
If life isn't getting better as you get older,
you are doing something wrong.
If highschool was your plateau I am sorry.
If you stop thinking about it WON'T happen.
Your thoughts manifesting your reality.
It’s simple.
Starbucks is garbage coffee.
It's garbage coffee that will make you poor make you poor.
Over 30 years the money you spent could be worth 300K (in real assets).
That’s not chump change.
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More from Life
1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
It doesn't happen because you want it to happen.
It doesn't happen because you made it happen.
It happens because you allow it to happen.
https://t.co/j5hPyw9m9m
It doesn't happen because you made it happen.
It happens because you allow it to happen.
https://t.co/j5hPyw9m9m
There is a fine line between persistence and stubbornness.
— The Irrational Investor (@position_trader) August 28, 2019
True for life, true for investing.
TW: suicidal ideation.
At the darkest days of the abuse I was being subjected to I decided to attend a conference for women in Los Angeles. I convinced my mother in law to pay for it because I couldn’t afford it. @ChristineCaine was preaching. I was desperate...
1/
I wanted to die, I didn’t see a way out and I had tried everything. I imagined many ways to die daily. The most recurring one was throwing my car down a bridge I had to drive over every day. I never did it because my kids were in the car and I was afraid one of them would...
2/
survive or I’d kill someone on the way down.
Christine spoke about honoring your pastors even when they weren’t great, she spoke of us expecting too much of pastors and how wrong that was. She said God would use our testimony if we submitted to our pastors.
3/
She said “honor your pastors, God will honor you.” She said more about having disagreed with her pastors but she submitted and God honored her and now she’s blessed. How if they are faithfully serving God, we need to support them and not forfeit what God has for us.
4/
I felt my heart drop into my stomach. I got up and went to the bathroom because I couldn’t breath and I felt like I was going to faint if I didn’t scream. I now know I was having a panic attack. I sat on the toilet w/my head between my legs, breathed and wept..
5/
At the darkest days of the abuse I was being subjected to I decided to attend a conference for women in Los Angeles. I convinced my mother in law to pay for it because I couldn’t afford it. @ChristineCaine was preaching. I was desperate...
1/
There are many reasons why the unfolding news of Ravi Zacharias\u2019 abuse is enraging. But for me, there\u2019s one other piece. The women he chose to abuse were young, massage therapists, ethnic minorities, likely women who were not in positions of power or education.
— Devi Abraham (@devi_writes) February 12, 2021
I wanted to die, I didn’t see a way out and I had tried everything. I imagined many ways to die daily. The most recurring one was throwing my car down a bridge I had to drive over every day. I never did it because my kids were in the car and I was afraid one of them would...
2/
survive or I’d kill someone on the way down.
Christine spoke about honoring your pastors even when they weren’t great, she spoke of us expecting too much of pastors and how wrong that was. She said God would use our testimony if we submitted to our pastors.
3/
She said “honor your pastors, God will honor you.” She said more about having disagreed with her pastors but she submitted and God honored her and now she’s blessed. How if they are faithfully serving God, we need to support them and not forfeit what God has for us.
4/
I felt my heart drop into my stomach. I got up and went to the bathroom because I couldn’t breath and I felt like I was going to faint if I didn’t scream. I now know I was having a panic attack. I sat on the toilet w/my head between my legs, breathed and wept..
5/
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
