Nick Huber Profile picture
Sep 17, 2020 7 tweets 2 min read Read on X
I'm convinced a lot of my success in life can be attributed to taking the path of least resistance.

I got a lot of advice like "do what you love, log 10,000 hrs, become an expert".

Horrible advice.

Instead, look at every decision like this:

What are my odds of success?
How successful is the person in the 50th percentile?

Pretty darn successful? Decent work / life balance if you do it right? Good opportunities from there?

Lets do it.

Unknown, broke, hoping for a big break? Or rich but throwing down 80 hrs a week and divorced?

No thanks.
The ability to put down the ego and realize I might not be in the top 5% of this field. Ever.

The ability to make unemotional decisions driven by logic and rational thinking vs dreams and desires and selfishness.

And being okay with not changing the world on day one...
And no. Its not about finding the next revolutionary idea and having a monopoly. "The Blue Ocean Theory".

Thats bulls**t. Its a lottery ticket.

Find something where a lot of dumb people are really successful.

Fish where the fish are. Even if there are lots of fisherman.
For me I had to pick between basketball and track to try to get a college scholarship.

Everybody wanted to go to the NBA. That was out.

Nobody wanted to do the decathlon. I did it, got a scholarship, was a D1 All-American, Olympic Trial qualifier as an average athlete.
Then out of school it was tech startup or sweaty startup.

My brilliant buddies with rich families were going for the tech stuff. That was out.

I started a service business lugging boxes around campus in a $1500 cargo van and before long was earning $250k a year.
Then it was time to do the next big thing.

We saw a lot of folks who spent nothing on marketing and didn't use computers making millions in the storage business.

So we built our first building and never looked back.

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More from @sweatystartup

Apr 23
The life of an entrepreneur can be brutally difficult.

But nobody talks about it.

Time for a stiff drink and a few words on some of the most stressful periods in my life.

A thread.
The thing about being an entrepreneur is that there is nobody you can ask for help.

There is no boss you can call and dish off the really hard problems to.
And there is no track-record or “way of doing things” that is proven.

So you have this constant nagging feeling that what I’m doing might not work and I might lose a lot of money.
Read 31 tweets
Mar 8
High school sports is a different level today.

You can’t compete at most high schools unless you do travel leagues, summer leagues, camps, lessons and dedicate your life to it.

So screw it.

My kids will be average athletes, enjoy the outdoors and will be great at business.

I was a D1 All American. Still hold 3 college school records and 6 high school records.

But it ain’t worth it today.
There are several sports that aren’t even worth playing.

Football is a brain injury waiting to happen.

Swimming is 4am and 4pm practice and 4 hours a day in the pool.

Volleyball and baseball are year round travel sports living out of hotels.
Wrestling encourages 16 year olds to starve and dehydrate themselves - often damaging the metabolism for life.

Baseball is a total waste of time. Insanely low odds and massive time commitment.

Gymnastics damages the body and joints and takes over young kids lives.
Read 6 tweets
Feb 21
A thread on how to turn $100 into a lot more:

Sound silly? Good.

It really is this simple sometimes.

Lets go👇
First, get on your computer and buy a web domain.

Get a freelancer (upwork or fiverr) to make you a logo/flyer and get $45 worth of flyers printed at your local print shop.

Buy a box of sidewalk chalk if you really want to grind and get gritty.
Go downtown with the sidewalk chalk and write “pressure washing and home cleaning 888-555-1234” as many times as you can in high traffic areas.

Go to a middle class or high end neighborhood and hand out flyers on porches and wherever else.
Read 17 tweets
Feb 13
I attribute a lot of my success to running every major career decision through this test from age 20 onward:

Which route will increase the odds of me being able to do whatever I want with 100% my time when I’m 35 yrs old?

A thread:
It turns out, when I really did the math, I didn’t need a unicorn startup.

I needed to stash about $1MM (after tax) by 27 and then invest it wisely from there.

Definitely wasn’t going to happen with grad school or law.

And most normal jobs didn’t cut it either.
So I started a small business with really crappy competition and a sure-bet way to make $250k a year for a few years straight.

The rest is history.

And I achieved my goal 5 years early.
Read 11 tweets
Jan 24
A mindset shift that really changed my life:

A thread:
Walk into every single interaction with the goal of adding as much value as humanly possible.

Don't think about charging money, withholding info, etc.

Prove you know your stuff.

Help in a massive way.

Gain trust. Profit later.
A lot of folks have this mindset of scarcity.

If I give away what I know I’ll lose something and they’ll gain.

Or if someone else makes money, I must be losing money.

The sooner you realize that it’s a plentiful world, everyone can make money and you should share everything.
Read 7 tweets
Jan 22
If you're new to the real estate community on X 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 the general partner or GP.

They find the property, do all of 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 just putting in cash. They are called the "limited partner" or 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).
Read 28 tweets

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