Elon Musk is operating on another timeline right now.
We are living through perhaps the most pivotal moment in humanity. Optimism is a beautiful thing.
You'd make more money if you liked where you worked, physically.
Having the right office is underrated.
We grew too fast, moving in <1 year. Now I've toured 40+ office spaces.
What I've learned about choosing where you work:
- If it feels good, people come and they stay. Our office had people choosing to hang on weekends.
- Energy is real - So so so sad touring so many offices where startups failed. It's a tragic cloying residue to see the leftover space OR to even worse see a few workers in a 10,000 sq ft space winding down.
- Collaboration needs to be orchestrated - Last office was too siloed, coworkers couldn't see each other easily, went direct to their seperate parts.
- Culture of ownership - Our rule is you leave it cleaner than you found it. Got inspired by 1stPhorm where they have 100k warehouse AND NO CLEANERS. How you do anything how you do everything.
- Message matters - Motivational posters sound lame. But they work. You instill your culture with your decoration too.
- Health options help - Healthy food, areas to walk around, we toured one all concrete parking lot warehouse location. Felt trapped. Walks are good for thinking.
- Office space is sooo negotiable right now - We bought our 1st office 35%ish off market price. Every place looking at now 30%+ off price for lease or buy.
- Don't overpay but don't settle - What a balance. Office is EXPENSIVE. But also crucial.
- Commercial real estate jargon is so dumb - You literally can't ever get them to say this is 10k sq ft and costs $25k a month at x term. Sq ft, dollar per sq ft, backdoor to monthly rate. Very silly.
- Brand - We didn't brand exterior of first office. We will the second, there is real pride in the right space showing who you are.
I own a $500k rolls royce, couple motorbikes, millions of dollars in the bank, a million in bitcoin but I still rent a house...
This is the story my mentor taught me for why I chose this path and how it has helped me accumulate the wealth I've been fortunate enough to have at 27:
Pretend there's two brothers Bob and John. They both have 50k saved up after years of grinding away at their 9-5 after college.
Bob decides to put a down payment to buy a primary house with the 50k and has a job that pays him about 4k a month.
Half of his monthly expenses goes towards paying down his mortgage, and the other half paying for his other expenses (groceries, entertainment, car payment etc)
So he ends up basically living paycheck to paycheck with little to no savings for other investments
John on the other hand decides to get a short term rental airbnb property and that property pays him 2-3k in profit each month
Then in a year or two he cash out, refinances and take that money to get a second airbnb. And repeats this process til he never has to work for somebody else ever again.
So a few years ago I took my mentor's advice who told me this story and did what brother John did and now I have amassed up to 18 properties worth $36 million with this strategy.
While Bob is surely slowly accumulating capital gains with his primary property, he can no way quit his 9-5 and scale like brother John.
All it takes is the right strategy sometimes even if two people have the same amount of money to start with.
If you want to invest in short term rentals as a form of passive income DM me START to learn exactly how I did it in 3 years to make 3m/year in gross revenue