the FatFIRE guy

Pursuing the FatFIRE lifestyle, optimizing for work flexibility, make money anywhere.

[the FatFIRE guy @theFatFIREguy]

@elonmuskADO Yes

[the FatFIRE guy @theFatFIREguy]

@thesamparr Goodr sundglasses rock!

[Acquired Podcast @AcquiredFM]

Oh, hello :)

[Jake Dube @jakedube_]

@sweatystartup I'll give another ping to @GuyDealership

[Dividend Growth Investor @DividendGrowth]

I drove past Chick-fil-a this morning

Not a single customer in sight

The consumer is hurting, and the economy is in trouble

[Acquired Podcast @AcquiredFM]

Tomorrow...

[the FatFIRE guy @theFatFIREguy]

@fmarciano 🤓

[Vibrant Dad @vibrantdad]

Using ONE SENTENCE why do so many marriages end in divorce?

[Dividend Hero @HeroDividend]

Every millionaire drinks water

Lesson in there

[Sam Parr @thesamparr]

Something I've learned from @HamptonFounders:

There are so many $10-$50m a year businesses making stupid amounts of profit that'd make you say "I never thought that idea could make so much $".

[@levelsio @levelsio]

Rumors going around @elonmusk finally changed the algorithm to end the threadboi epidemic once and for all 😍

Here’s 12 reasons why that’s a great idea

(The 12th one will surprise you)

🧵

[Andrew D. Huberman, Ph.D. @hubermanlab]

If you could ask @lexfridman 40 questions, what would your top *one* be? I plan to do this soon, so fire away and I’ll pick the best 30 from below. (I get the other 10 because well, I knew him first.)

[LukeJ.eth @LukeJdoteth]

@thesamparr Shaan is right

Sara’s list is forever

Sid is a good dog

Sam is jacked

[StripMallGuy @realEstateTrent]

The self storage industry continues to grow in popularity.

It’s basically just a US thing.

What exactly are Americans storing?

[Drug Money Capital ™️ @TheDrugMoney]

CVS and Walgreens are at their weakest moments in decades. What’s stopping Amazon or Apple from swooping in and acquiring one of them?

[Steph Smith @stephsmithio]

My love language is spreadsheets

[@jason @Jason]

I still want a postmortem on Covid, its origin, and our response.

Perhaps the biggest crisis of our lifetime, and we are not even curious about these things?

Why?! 🤷🏼‍♂️🤔

[Nick Huber @sweatystartup]

I've never set a 5 or 10 year goal. As a matter of fact a lot of smart successful people said I wasn't "dreaming big enough"...

My first goal as a 21 year old entrepreneur was to get 100 customers.

The next year my goal was to get $50k in my checking account (financial freedom for me as a 22 year old and well over 1 year of runway).

The next year my goal was 3,000 customers and over $1 million in revenue.

The next year it was $500k in our company checking account after all expenses (and taxes) were paid.

The next year it was building a facility from the ground up (this took 2 years).

The year after that we tried to build a second facility and we failed.

The year after that we decided to buy one and we succeeded.

The year after that I wanted to buy 3 properties and we bought 4.

Two years later we have 62 properties, a massive portfolio and I own several other companies that are growing fast.

Notice something about my goals:

1. All of these were short term goals.

2. None of these were sexy, far fetched goals.

3. All of them were achievable and realistic.

4. I didn't accomplish all of them.

So lets flip the script and forget the normal "mountain climbing" goal strategy. I have a reframe for you:

You're on top of the mountain right now. Your "small, unsexy, achievable, realistic" goal is at the bottom of the mountain.

Examples of good goals:

-I will make $10,000 next year in my side hustle.

-I will delegate and lead a team at work and ask for a 15% raise

-I will buy my first rental property

All you need to do is make it to the bottom of the mountain.

So how do you think about accomplishing this goal?

You are standing on the top of the mountain with a glass of water and you dump it out.

That water is going to take the path of least resistance down the mountain. It will find the easiest, most likely, fastest way down to your goal.

The water doesn't have ego, big dreams, distractions, emotional ties, etc. Water isn't greedy. Water doesn't care what other people think.

Water is working on 1 thing: Get to the bottom of the mountain as quickly and easily as possible.

Every Y in the path is a decision.

Be like water and take the easiest path.

When you make decisions you're thinking about 1 thing and 1 thing only:

What would water do? What is the path of least resistance to accomplish my goal? What puts the odds of success in my favor?

Act like water. Be water. Take the path of least resistance.

That means you don't care about the glory in solving "hard" problems.

That means no "changing the world".

That means making decisions like a poker player sitting at a table.

Your chips represent your time, energy and capital. How can you invest it with the maximum odds of success (achieving your goal).

You don't care about anything but increasing those odds.

You have a singular focus.

Be like water.

[Taylor Wallace | Dog Daycare Owner * SMB Investor @taywall]

I just heard the best descriptor ever of major metros vs. smaller second tier cities from @thesamparr

NYC/LA/SF is full of 1s and 10s. Restaurants, people, etc.: 10s. Crime, expense, etc.: 1s.

Tampa, Nashville, Austin: this is all so nice: 6s everywhere.

[the FatFIRE guy @theFatFIREguy]

@ShaanVP Hilarious!