This creates an issue where you must choose between a performance based sales position or a performance based analytical position
The rare positions that are 100% analytical (quants/engineering) usually come with a steep social cost...Terrible people skills and a poor social life
If you don’t believe this, go find some engineers/quants and take a hard look at their girlfriends. You won’t be happy
The choice is clear
You need to learn to sell
Selling includes promoting yourself as a brand and selling yourself in an interview
It includes selling a product or service
It even includes convincing a girl to go on a date
This is a much better skill to learn than any Excel or PowerPoint which can be outsourced to India for pennies on the dollar
You can apply it to everyday situations as well
12. Becoming a Millionaire is Not Impressive
Run the Math
You’ll see that becoming a millionaire is not a difficult task at all
You should reach this mark by your 30s and becoming a multi-millionaire before 40 is not a far stretch by any means
Over a 15 year period, if you put away just $1K per week you’re looking at $1.3M+ (7% return assumed)
At this point you’re ~36/37 years old and this assumes your income has not increased since your second year as a 23 year old investment banking analyst
13. YOUR CONTACT LIST > YOUR DEGREE
When you graduated college, you looked up to your professors
If this is still the case after a single year of work... you’re in the wrong industry
Regardless of your profession, your contact list will determine your pay grade much more than your degree
A top degree is certainly a pre-requisite... but as soon as you begin your career your focus should shift
Obtain more contacts, contacts and contacts
14. YOU DRESSED LIKE A SLOB
After a year passes by you should be donating clothes to charity like you’re doing laundry
You’ll realize your wardrobe did not reflect your skin tone appropriately. Your clothing did not fit
Oh and your hair needs to be redone as well
15. YOU NEVER WORKED HARD IN COLLEGE
There are extremely rare exceptions, but for the most part...You’ll realize college was a cake walk
Even if you worked 1-2 jobs, took a full course load and stayed in shape. It is still absolutely nothing compared to real life
You’ll be put in your place quickly when you see your first credit card bill... with hundreds of convenience store purchases
Adapt or die
16. YOU MUST EMBRACE THE TECHNOLOGY QUICKLY
The world is going to evolve. Stay on top of it
Conveniences that were previously relegated to the rich are going to be available to the masses sooner than later. If you don't embrace it, 1 of 2 things has occured:
> you were unable to adapt or
> the technology shines the light on your weak spots
Don’t let this happen to you, once technology passes you by it will take significantly more effort to catch up again
17. LEARN TO AVOID TECHNOLOGY ADDICTION
This is a tough line to draw
While you should be on top of new changes you cannot become glued to a single application
This will cause you to miss new changes and will distract you from more important matters
Find a time frame for each usable app, email checks 2x per day at max, automatic alerts for important applications and a synced calendar should solve your headaches
18. ALWAYS CHOOSE RESPONSIBILITY
Most people are afraid of responsibility
You should jump at it
You’re not going to get paid a lot more by doing the same task over and over again, it is not how businesses work
Any time you have to make the choice between a few thousand dollars and a change in responsibility... always choose responsibility
You will be seen as more mature and much more qualified for the next big project that comes down the pipe
19. MEDIOCRE PEOPLE WILL RUIN YOUR LIFE
Once you realize a person is mediocre you need to leave them
There is no exception to this rule
As soon as you realize a person is mediocre you need to leave them
Mediocre people will try to compete with you, they believe they are smart and they will never show any meaningful improvement over time
When they catch a few lucky breaks here and there, they are first to jump on twitter/facebook/group text messages/emails and play their sirens loudly. Just ignore them and move on
If you are unsure if a person is mediocre put them in a position to lie.
If they bolster simply cut them off
Now, if they sandbag you... temporarily reconsider your position
20. YOU SHOULD EMBRACE EMBARRASSMENT
Every year you’ll take a look at your old beliefs and laugh at how wrong you were
Take this in stride and strive for more embarrassment
If you consistently change major views, this means you’re getting better
As you know, if you’re not getting better...
Well you may as well be dead
FIN!!
If you love this message by @BowTiedBull you should subscribe to his Substack which foretells future with uncanny accuracy (and makes you a lot of money as well)
🔹🔹Things You Should Realize After 1 Year On the Job - PART I 🔹🔹
To help you jump ahead in the learning curve, or in other cases question your own decisions, here are 20 things you should realize after a single year of work experience (10 here 10 in next thread)
A Thread 👇
1. $100K IS NOT A LOT OF MONEY
Not even close
If you are making $100K a year that's approximately $5,000 in post tax income per month
With the average rent for a studio in a major city like NYC at $2K+ this means that you cannot even afford to live there (using the 1/3 of income as rent rule, you need at least $6K post tax)
How do you work for the people you want to work with?
Or the story of Ekalavya
A Thread from personal experience 👇
In the Indian Epic Mahabharatha there's the story of a guy called EKALAVYA who wants to learn archery from the greatest guru DRONA
The problem is Drona won't teach him
He was too busy teaching the Kaurava and Pandava bros who were the Royalty
This, however did not deter Ekalavya because nothing stops a determined man
He just made a statue of Drona and began self-learning archery while fully taking it in his mind that the statue is no different than the real Guru Drona himself
10 Working-Life Truths You DON'T Learn From Business School
💼💼💼
The importance of being political within an office environment
Thread 👇
1. PERFORMANCE IS FIRST
Most companies will have a handful of political elites, people hired solely because of their connections, but the cast majority get jobs by having the right credentials
If you want to have a long career, you cannot simply do an average job
You need to do work ahead of time that you believe will be handed to you during the next turn
In short as an entry level hire your job is to save the team time
"Persuasion Secrets of the World's Most Charismatic & Influential Villains"
by Ben Settle
(I'm reading about marketing and persuasion these days)
A Book Notes thread 👇
"Villain" is used as a positive word here
A powerful man who can accomplish anything he sets his mind on, and is utterly despised, but cannot be touched by the scandalous authorities of the system is a Villain
(Clowns the Authorities are!)
The most powerful and persuasive Villains in the world, all possess one thing in common - It's Charisma
It means
"Compelling attractiveness or charm that can inspire devotion in others"
Charisma is the ultimate power one can desire for and hold on
Every year the world is going to get tougher, but you’re smart enough to put in the work
If you continue to challenge yourself mentally and physically, the punches that life throws your way will seem like a cake walk
Thread 👇
1. GET RID OF BAD INFORMATION
In the age of the internet this is probably the number one skill we can all improve upon
Obtain good information
> Do not take advice from people with zero real life experience
> Do not take advice from people who had an easier life than you
> Do not take advice from people who complain
It will be difficult to hit all 3 items on the list but that is the point
"A person is in PAIN or they are seeking PLEASURE. Provide a solution to get rid of the pain or provide a solution to obtain pleasure. That is how you sell"