My wife isn’t wired to care as much about money (numbers on a screen in some invisible bank somewhere) as I am.

She could care less when I talk about the size of deals, profit, loss, risk, potential, etc.

She thinks and desires totally different things. She’s wired that way.
It must be freeing to live life not totally fixated on something that only matters up to a certain point (which we crossed a while back).

And here I am starting at a computer screen 30 hours a week working to grow those invisible numbers.

For what?

Ego? Status? Pride?
In a way it’s a blessing because I’ve been lucky enough that my addiction has set our family up pretty well.

But in other ways I see so many men totally ignore every other area of life in favor of growing those damn numbers.

Health. Kids. Spouses. Friends. Hobbies. Balance.
Maybe that’s why we’re such a good team.

She balances me. Puts my in my place when it gets out of hand.

Brings me out of the clouds when other things in life are more pressing than those dumb numbers.

It’s something I really appreciate about my wife.
Many of my friends aren’t so lucky.

Either their addiction hasn’t yet paid (and might not) or their spouses are wired just like them.

So there is no balance.

And people miss out on so much.

That feeling watching your little kid learn. And grow. And explore.
Or that feeling of flushing a 6 iron to 3 feet from 175 with your three best friends watching.

Or that feeling of fitness and euphoria after a 100 mile bike ride.

Feeling accomplished and exhausted in a great way.
Or a feeling of having a cup of coffee with absolutely nothing you must do that day.

And nobody who can tell you what you have to do to get paid next Friday.

No customers or clients bullying you into working harder or turning it around faster.
You’re in control.

And not of some numbers in an account somewhere.

But of your physical world and body and mind.

Too many folks who are addicted to the numbers are totally out of control in so many other aspects of life.

And it’s sad.
The big problem:

Few people who are good at making money are good at other things.

They are insanely one-dimensional.

And guess what else?

The goal posts keep moving.
You make more money and get new friends.

Move to a nicer neighborhood.

Wind up in a group chat with better businessmen.
And you feel the same making $2MM a year as you did making $200k a year.

Going after that next milestone.

That next rush. That next big ego stroke.

Trying to keep up with the joneses.

And chasing after that goal that keeps moving further and further away.
I think I know why I keep at it.

It is ego. Status. Pride.

I can act like I don’t care what people think of me but it would be a lie.

I think it’s a primal desire of mine. For people to think highly of me.

It’s shameful when I think about it like this but it’s true.
Another deep fear of mine is failure. Inadequacy. Worthlessness.

And as an entrepreneur self-worth is often tied to those damn numbers.

If I try something else, like being a damn good dad or being really physically fit, or having great relationships - maybe I’ll fail at it.
But luckily for me I married someone who doesn’t give a shit about the money.

And she makes me a better version of myself in every other area of life.

The more important areas.

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More from @sweatystartup

21 May
Being active on twitter over the past 12 months has easily been the highest value work (in real dollars) of any single period of my entire career (next 30 yrs included).

2 hours per day. 14 hours per week.

The highest ROI of any work I’ve ever done or ever will do.
I went from no LPs and no LPs in site to raising $7MM in a 5 month period from folks I met right here.

Will probably be hundreds of millions over next 30 years.
I’ve already sold $350k in online courses and have done $150k in consulting.

Planning to grow significantly over next few years.
Read 7 tweets
20 May
Are you good at sales and are you a clear, concise communicator?

Do you hate your job or do you want a better one?

DM me a 1 minute video on why I should hire YOU!
Focus: real estate acquisition

Location: USA based, but fully remote

Compensation: Commission

Experience requirements: NONE
Second position:

Head of my online media brand, communities, podcasts, newsletter and courses.

Skills:

Writing, marketing, funnels, wordpress, woocommerce, drip.

Open to part-time but preferably full time!
Read 4 tweets
19 May
How to buy a house in a hot market:

Fire your buyers agent (or don’t get one). You’re at a disadvantage with a multi-offer scenario.

Work directly with the seller agent.

Make offer with 2% credit to seller and 1% more commission for the seller agent.
Disclaimer before the buyers agents try to burn me at the stake:

Don’t do this if you don’t know how to represent your own best interests.

But if you know what you’re doing, this is the best way to win the house because it can be $10-30k that isn’t going to your agent.
My FIL bought a house in red-hot Athens GA under this exact scenario.

4 offers right at $370k. One was ours.

Other 3 had buyers agents.

Seller agent credited 2% ($7400) on top of our highest and best and he made an extra 1%.

We paid less, seller made more.

We won.
Read 7 tweets
17 May
We bought a 30k SF self storage facility in a rural town in December of 2020 for $1,300,000.

It was 100% full. Historical financials were solid: $13k per month every month for the previous 3 years.

First 4 months in the books. Excited about the way this one is performing.
A little more color here:

We were all in after closing costs and capex at $1,400,000.

We got a loan for $975k (70% LTV) at 4.25% with 1 yr I/O.

The insurance and property taxes you see here are for the year.

We'll spend about $5,500 a month on average the rest of the year.
Our revenue will average out at about $18,500 per month the rest of the year. Total revenue around $220k on the yr.

Total expenses at $67,800.

Net operating income: $152,200

Interest at $3,450 / month, $41,400 for the yr. Capital reserves of $12,000.
Read 7 tweets
16 May
If your kid isn’t in the top 1% of sports by 3rd grade stop devoting your life to living vicariously through them.
Ok guys shit on me and nitpick the details if you want.

The point:

Too many parents are WAY to serious about sports and athletic success for their kids because of their own ego.

Stop being selfish. It’s not about you.
It’s obvious I hit a nerve.

Parents who devote thousands of hours and every weekend (and every last dollar in many cases) to sports for their kids are largely chasing an emotional desire.

A selfish, ego related desire.

Just like vanity “new idea” entrepreneurship.
Read 4 tweets
12 May
Closed on a 3-property, 89,582 st portfolio yesterday.

That makes 13 properties and 439,557 sf acquired in the past 9 months.

6 of the 13 were on-market. 7 were off-market.

We've added 8 new employees to our team in that time frame, and we're at 12 total.
Operating fully remote (I've only met 6 of our employees in person).

The total acquisition cost of those 13 properties totals $21MM.

We have another 105,000 sf under contract to close in the next 30 days ($6.7MM) and we're sending offers daily. ImageImageImageImage
We're over $7MM in LP capital raised (90%+ from twitter).

Our deals we closed on months ago are outperforming our projections significantly.

Our stretch goal this time last year (pre-twitter) was $12MM over the next 24 months.

Life comes at you fast. Image
Read 4 tweets

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