“Living” in your 20s shouldn’t leave you with massive bar tabs to look back on
It should be
Going broke and digging yourself out
Failed relationships
Failed businesses
Big paydays
The only time you can bounce back fast is your twenties. Don’t waste it
Once you realize how quickly things can change, anxiety just kind of disappears. Seems paradoxical because it makes you much more aware of how unpredictable life can be
But it was never about eliminating uncertainty. It was always about finally finding peace in the certainty of uncertainty
The euphoria didn't last. The agony didn't either. No need to worry about controlling the experience anymore. Time to just fuck it. Ball
The pursuit of becoming wealthy humbles you so deeply.
Being an entrepreneur forces you to become someone you never thought you could imagine. The journey truly changes you.
Your best bet is ripping off the rear view mirror, laying 50 lb weight on right foot, taping eyelids open, straightening your back and understanding that it Feels Good Once You Commit
House flip live
Full renovation, excited to get a new family into this house.
Tons of issues and delays with this but sometimes you just have to put your head down and get to the finish line
When you are scaling hard and fast. You’re going to fuck up, lose partners, and make mistakes
It happens but you move so fast by the next day you’ll have a solution
Scaling isn’t that hard if you learn on the fly and adjust as soon as you need
Warren buffet and Charlie munger had a third partner
But barely anybody knows that because he got too greedy. Took out lines of credit to upgrade his house, traded on margin, and plenty of reckless things that overextended him
Charlie and Warren never did that because they knew they would get rich it was just a matter of time and they were in no rush
Even the richest can blow up if your not careful
Numbers:
Purchase 120k
Rehab:115k
List price:374,900 (20k under market value, expecting multiple bids)
Total expected profit after all costs: 125k
Onto the next
Less than 2 weeks to completion on a flip in Illinois
Some problems and delays for this one:
Extremely cold weather put a delay on the trades for at least a week
Custom orders for support beam
Plumber took a vacation
All part of the game, it’s never a good deal if something doesn’t go wrong 🏡
When working towards success in any field
There is no cutting corners
You can try to cut corners but ultimately you will get knocked down as many times as it takes to learn every lesson needed to reach the top
That’s why most people who get rich overnight end up losing it just as fast
You need to understand how hard it truly is to generate wealth in order to keep it
if u actually put your effort into a vision that extends beyond yourself, and give your all everyday towards fulfilling it, you'd be surprised how far u can go.
even the majority of successful ppl ur competing against r stunted by their own self interest. the amt of ppl willing to give their lives over to building something they believe in fully - is actually p rare.
and even rarer are those who are honest enough w themselves to understand their shortcomings, build systems & teams to maximize their own natural ability while letting all others involved do the same.
can't do it all alone. shouldn't even want to. bringing the right people along for the ride is always more rewarding. it just raises the stakes. but why even play the game if the stakes are low?
you got one shot, might as well put it all on the line and see what comes out the other side