- become good at “goodbye,” many ppl come in and out of your life and you want to treat them well on the EXIT, not just the ENTRANCE
- smile at people, especially service workers (baristas, waitresses, grocery store workers) - their lives are harder than yours and a smile goes a long way
- don’t trade success at home for success at work, it’s a bad trade...
- that doesn’t mean you can only have one or the other, just that you know where your real priorities are
- give money to those less fortunate, EVEN when you *are* the “less fortunate”
- ask for forgiveness if you do something wrong, even if it was years ago and the person has forgotten about it (but they probably haven’t)
- make hard decisions — the harder the decision the better it (usually) is for you... easy decisions profit you NOTHING...
- try not to stay in jobs, relationships, cities, houses, or roles that you are no longer proud of... the toll this takes on your identity isn’t worth it
- be KIND... what you say doesn’t matter if you’re a jerk and people are afraid of you
(^ Christians — you are LITERALLY the worst at this, remember that you being ‘right’ doesn’t justify you being ‘mean’)
- make your kids believe they can do anything, but don’t forget to tell them it will be hard...
enough losers growing up with 8th place trophies teaching them they can have anything EASILY — so let’s stop the madness
- if something makes you feel alive, do it again... maybe you’ve discovered your calling 😉
- if you can learn from someone or try and learn it on your own — think about how much you value your time... a year from now you could no longer be here, are you willing to waste the last year of your life for it?
- in the previous frame, it’s usually easier to PAY for things if it gives you back your time... I’ll never pay for something in time anymore unless it enriches my life so much that it’s worth it
- never waste a good problem, times of pain are the best teachers, the best mentors, the best coaches... lean IN, not away
- money will not make you ‘happy’ but it is very hard to have influence without it...
if you train you central nervous system that money doesn’t matter (by saying the old lines like ‘money doesn’t buy happiness’ and ‘money isn’t everything’ etc), you’ll probably die with very little influence
Most people who have left LASTING impact & legacy had money to LIFT the circumstances of many ppl at once...
- if you have no money, learn sales then go build relationships with wealthy people and help them for free
- encourage people — in doing so you’ll revive your own energy
- give credit and say “thank you” often
- creativity works best and most unhindered in humility...
most ppl cannot innovate because they can’t think about anything or anyone but themselves, try getting out of the way
- ask yourself daily at the end of the day “if I repeated today 1,000 times, would I be closer to my goals?”
- honor your calendar, study your calendar, which will prevent you from wasting or squandering your most valuable asset: time
- think twice before you say you will do something — remember you only get to live (approximately) 30,000 days... invest those days accordingly
- RESOLVE to be happy. Because it isn’t circumstantial. You are NOT trapped. You have many choices. And a million ways to what you want...
1. Environment 2. Skill set 3. ATTITUDE
That is all you need for any goal you can think of.
• • •
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Quite a lot of it… and every now & then feel compelled to share what’s working and what’s not. Lessons from my last $20mm 👇
When you’re buying stocks & companies you’re betting on the management team & the R&D… you’re making this bet:
“This company will out-innovate and out-hustle everyone else…”
It’s a fool’s errand unless you know how hedging works… with REAL ESTATE — you’re betting on this:
🏆 20 years from now, people will like to sleep with a roof over their heads.
Generally speaking, ppl don’t LIKE being homeless. Although EVERYTHING incurs a measure of risk, the ‘risks’ in real estate come from almost exclusively from VALUE/PRICE.
A day will come when the one thing you will wish for above anything else is the opportunity to go back and do it different.
You will crave, with every fiber of your soul, for the impossible chance to go back & to change things.
You'll dream what it could've been like to be stronger.. what it could've felt like to have courage, to risk something for a worthy cause.
You'll fight off feelings of regret from wasting years of the only life you will ever have while other people went for it.
You will remember ALL the memories, of when you swore you were doing what was "safe" and "prudent" but really you were weak and simply afraid of losing.
In your attempt to never lose you will ensure your greatest loss of all time: having never actually lived...
Person A makes $1,000,000 per year and keeps $750k in cash.
Person B makes $1,000,000 per year, spends $250k and dumps $750k in asset base.
Apply leverage @ 75% LTV = $3M assets.
Over first 12 months here’s what happens:
- $3M turns into $3.2M conservative.
- Debt structured correctly reduces $2.25M to $2.1M
- $200k bump on assets has no debt, pure net worth
- Cash flow created @ 8% on $750k = $60k bump
All in first 12 months = $385k+ and $750k protected against assets.
Off $750k that’s 51% growth rate.
Compound over 5 yrs and you will hate yourself for hoarding cash while players strategically DEPLOY cash.