People are not getting this. To hedge against a bank run you don’t need an account with 40 banks. You just need 2.

Forget about FDIC. You just need to buy time via basic redundancy. Just put ~3 months worth of expenses in another bank. I’ve done this all my life.

https://twitter.com/CatchKristen/status/1634360337259479040

And this won’t just protect you against a bank run, but against anything that might happen to your primary account.

When I was moving to the US from Ireland 13yrs ago, my IE bank had a “technical issue” and froze everyone’s accounts for almost a month.

But I had redundancy.

This fellow @chrismanfrank believes he’s changing the educational panorama, and yet acts like a petulant 5yr old himself. On a conversation about… kids! 😂

We were mutual followers; judge for yourself: Twitter shows who people really are sometimes

I'm not a fan of FIRE, mainly because of its distinct bimodal approach towards life: the deferring phase, and then the living phase. First of all, I believe that the discovery of our true preferences is a life-long exercise, and the most reliable way to reveal our preferences is to live them.

My goal this month is to convert this corner of my garage into a small room I can work from. First, some insulation in the outside walls.

First time using mineral wool (cotton candy made from rocks) https://t.co/YcA1t6gs9Ten.m.wikipedia.org/wiki/Mineral_w…

My self-employment income progression so far:

Revenue Profit
2019 $33,449 -$74,061
2020 $350,989 $209,912
2021 $336,706 $304,120
2022 $541,369 $436,752 Monthly Profit & Loss:

Why you probably should discount your prices for Black Friday: Last year, my digital products sold over $28,000 during the Black Friday period.

This month, I'm already over $30,000, and the peak is yet to come.

Here's everything I learned about Black Friday and discounts in general:

If a layoff causes you extreme pain, you’re in a very fragile position — either financially or psychologically.

First priority must be correcting that fragility. You need to adopt a prepper mindset: Plan, prepare, and always be ready for these events. And never play victim. You owe it to yourself and your family to live with dignity. Your behavior is 100% within your control.

"You shouldn't be trading time for money"

"You should be making money in your sleep"

"You should pursue a scaleable profession"

Bla bla bla...

Forget that nonsense... Ask yourself: What do I need to invest in to make $75 per hour of work?

What about $100/hr?
What about $250/hr?
What about $500/hr?
What about $1,000/hr?
What about $5,000/hr?

I can guarantee you that if you're making $500+/hr, you wouldn't mind "trading time for money".

You’re all invited to join my webinar about how to get into self-employment by building a portfolio of small bets.

Thursday October 6th. Register below for free:

lu.ma/ppdrhyav 100+ registrations after 30 mins.

Being with you all the questions. I’ll answer all of them!

Everyone wants to decouple time from money.

The problem? It's an extremely unpredictable way to make a living. For every successful creator, there are thousands who make nothing or almost nothing.

So, how can you make the unpredictable, a bit more predictable? See, there are two very distinct worlds of how to make a living in our universe.

The first world is the one we're mostly familiar with, where you follow a predictable career path.

A few heretical marketing tips I benefitted from: 1. Competition

If you make yourself part of the product, you create an uncontested market, thereby making competition irrelevant.

Amazon lists 2000+ books on AWS, but none are about my perspective. Think about how to incorporate yourself into your products.

Hit $1M in revenue 3yrs into self-employment:

• twitter course: $287,513
• small bets community: $284,030
• gumroad ¼ pm: $205,004
• aws book: $144,036
• p&l membership: $46,820
• userbase: $12,336
• freelancing: $10,004
• affiliate fees: $6,048
• cutting boards: $4,495 • Expenses: $291,386
• Profit: $708,900
• Avg Profit (Last 24mo): $28,518/mo

I had a few realizations along the way. Here are some of them: 👇

How to avoid an unhappy existence: Learn your true preferences. Life becomes much more pleasant once you stop chasing the preferences of others.

Fluctuating income used to stress me out. Now I realize that it actually makes me smarter. For 15 years I received a steady paycheck every month, predictable to 2 decimal places.

Then I jumped into self-employment and my income looked like a rollercoaster.

Why bootstrapping is riskier than you think: When I quit my 9-5 job, my plan was to bootstrap my own SaaS business. I wanted to identify my ideal business opportunity, and try to make a living out of it. And if that didn't work, I was going to look for the 2nd best opportunity, and give that a shot. And so on.

Today is my 3yr anniversary since I started working for myself.

I made $760K in revenue, and had a few realizations along the way. Here are some of them: Something I wish I got exposed to sooner is the idea of cultivating multiple independent income streams.

https://twitter.com/dvassallo/status/1479202111439052800

This doormaking book I’m reading might be the most entertaining book I’ve ever read. amazon.com/gp/product/161… The author is smart too, not just funny. He gets Taleb’s turkey problem:

If you put 10,000 hrs practicing the piano, you will almost certainly become very good at the piano.

If you put 10,000 hrs into your business, it doesn’t necessarily translate to anything!

The first kind has a predictable relationship to effort. The second kind doesn’t. You need a different attitude when trying to achieve the unpredictable:

- Instead of consistency of effort, you need intensity when the right opportunity emerges.

- Instead of focusing on one thing, you need exposure to randomness and serendipity.

How it started How it’s going I also bought kaleidoscopeboards.com while waiting for the glue to dry :)

How to be happy: Learn your true preferences. Life becomes much more pleasant once you stop chasing the preferences of others.

Different ways to approach work: Idea-first

You start with an idea (a product, a job title, a career, etc.), and try to make it a reality at all costs.

Good, but what about the rest of your life? And what if your idea turns out to be a dud?