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.

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.

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.

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.

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.

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.

What successful people understood before they were successful.

A short thread. Mentorship isn’t about finding a great mentor.

It’s about becoming a person great mentors WANT to help.

The keys to finding a great spouse, a thread. Don’t spend your time looking for a great person.

Spend your time becoming a person great people are attracted to.

Posting on X has changed my life in profound ways.

Years ago, I realized that you could use social media to fight over politics or you could use it to learn, connect, grow, and make more money with friends and followers from around the world.

Here’s 15 entrepreneurial accounts you should follow if you want to use X to GROW in 2024: 1/ @SahilBloom

Sahil is unquestionably one of the best folks to follow on this app.

He shares insights on business, psychology, philosophy and more.

His newsletter is fantastic too.

Follow him if you don't already:

https://twitter.com/SahilBloom/status/1650194320161484802

Many folks would be blown away by the amount of incompetent people in this world who earn great money simply because they aren’t insecure.

You do not need to be smart or spectacular to get rich.

A thread: 99% of it is making a few big decisions well (like what business to go after) and then having the courage and confidence to get uncomfortable.

The truth about this world is that every single thing worth having requires a level of uncomfort to get.

There are a lot of underrated skills in this world.

Attributes that aren’t openly discussed but are widely shared by the most successful among us.

A thread on the little things and what you can do to increase your chances: Knowing what advice to take (and what to ignore) is a superpower.

My method: Take it from anyone.

Weigh it according to how happy / successful the giver is.

Put it through my bullshit meter.

Do the work to apply it to my life.

Ignore 75% of it.

Cherish the rest.

How to get rich without getting lucky:

Find a way to make $100/hour doing something simple IN YOUR TOWN.

Do it until you have $10K+ in the bank & you’re too busy to sell new customers.

Hire employees for $20/hr to do what you do so you can sell new customers.

A THREAD: Be willing to work and sweat and even mow lawns for 12 months.

Look at the market unemotionally.

It’s not about you and what you love doing.

Don’t try to reinvent the wheel.

Look at competition as a sign that there is money to be made here.

A hill I'll die on:

95% of entrepreneurs should forget about technology (a few big fish and a lot of sophisticated fishermen) and focus on small business (small fish everywhere and really crappy fishermen).

A THREAD: Be like water.

Take the path of least resistance.

The goal of every entrepreneur should be:

#1. Gain financial freedom

and

#2. Maximize probability of achieving #1

8 accounts to follow if you want to get rich: Sales is the key to life and business.

If you want to get wealthy, you need to know how to sell yourself, your ideas and your product or service.

Follow Jerimiah:

https://twitter.com/ProSalesCoach/status/1716259080526799316

Twitter is the most valuable country club in the world when it comes to networking.

But if you're following the meme accounts and talking politics you might as well be out back smoking cigs with the cart boys.

Here are the accounts to follow if you want to get RICHER: Tom Dillon will teach you about business operations and what makes a business a great business:

x.com/brokermybiz/st…

You can use this platform to fight over politics or you can use it to learn how to MAKE MORE MONEY.

Here's 14 entrepreneurial accounts you should follow if you want to use X to LEARN: 1/ Alex Hormozi (@AlexHormozi)

Alex is one of the best founders, creators, and thinkers on this app.

He shares massive value through his content daily.

https://twitter.com/AlexHormozi/status/1689670486702137349?s=20

A sure-fire way to make a killing:

Buy a business with a bunch of Americans in an office taking 2 hr lunch breaks and 5 weeks vacation a year while earning $38 / hr + benefits.

Fire them and hire folks in LATAM and Philippines for $5 an hour.

Expenses way down. Profit way up. Something amazing happens when somebody who isn’t located in America gets an opportunity to work for a US company and change the trajectory of their entire family and future generations.

They have grit. Determination.

Immigrant mentality.

And they work their ass off.

This is what my wife and I spent our free time doing 9 years ago on this day.

I wore holes in 3 pairs of jeans writing 2000+ ads just like this on the streets of Boston.

Marketing budget was $200 in chalk.

It worked. We got 2,000 customers first year and $500k of revenue. We'd find the locations where all the freshmen walked every day on the way to class and put 4-5 ads.

BU, NEU, Tufts, Harvard, MIT, Brandeis.

I'd go from school to school and paint the campuses.

It was a real bummer when it rained.

I have 40+ people who work for me from the Philippines and LatAm.

They make $5 or less per hour.

They work harder than most Americans at 20% the cost.

No workers comp or employment taxes.

It is the key to maximizing profits for yourself and your investors. I’ve sourced them all through supportshepherd.com - which I highly recommend.

They build the job descriptions, source the candidates, vet them and rate their English and other skills.

Then they setup interviews on your schedule.

(I’m an investor in the business)

I've bought over $100 million worth of real estate.

5 things I wish I knew at the beginning: The best deals can be analyzed on the back of a napkin.

99% of people overcomplicate real estate to the point it is unapproachable.

A good deal is simple.

We're making offers on real estate with zero leverage or 25% leverage.

Two years ago we were making offers with 60-70% leverage and 30-40% equity.

To buy a $10 million deal two years ago we used $3-4 million in cash.

Today we're prepared to outlay $7.5 to $10 million in cash. Transaction volume is WAY down.

A lot of deals falling out of contract.

We heard from a distressed seller in one of our markets who outbid us on a property 14 months ago.

"We don't have the time or attention to devote to leasing up this property."

They're at 60% occupacy..… twitter.com/i/web/status/1…