🥔

[WallStreetPlayboysArchive @WSPArchive]

Basic business rules:

1. Get an accountant once over ~$50k in income

2. Keep every single receipt for your business, everything from that dinner bill to your cellphone bill... keep it all

3. Take 2-3 days out of the year & read up on tax code changes.

No exceptions.

[🥔 @thegoldenpython]

@RunieRuse POV: you just called her a normie

[Delicious Tacos @Delicious_Tacos]

"She has BPD" - guy she stopped fucking

[Luke Rudkowski @Lukewearechange]

This is how it’s done boys

[WallStreetPlayboysArchive @WSPArchive]

A Day In The Life Of A Loser

7:45am: Alarm clock does off. (Snooze)

7:50am: Alarm clock goes off again (Snooze)

7:55am: Alarm clock goes off, hits snooze button and finally gets out of bed to change. 8:00 hits and the alarm clock goes off again because he keeps his clock next to his bed so he doesn’t have to stand up to get to the desk.

8:20am: Just got out of the shower and is now running **10 minutes late** see above.

8:30am: Gets into his car. “Oh my god I can’t believe this traffic I don’t think i’ll be able to make it to Starbucks!”

8:55am: “Well I’ve got about 5 minutes i know the Barrista I have been trying to hit on for the last five years knows my drink I should be okay.” Gets his drink, pays $4 and heads to work.

9:03am: Arrives at work. The three minute delta is no big deal because no one cares about his work anyway.

9:05am – 10:15am: Reads a bunch of important news articles on “Yahoo” and “Shine” about dating and lifting weights. Ignores the fact that the articles are written by overweight 40 year old women.

10:15am: “All corporations are gross so I better check my paystub to make sure I am still getting paid!”. Logs into overdrawn checking account. “Yep still making $10 an hour”

11:00am: It’s getting close to lunch. “Hmm that girl over 7 cubes is really cute, I haven’t talked to her in person for the last two years but its probably makes sense to ask her out to lunch out of the blue”. Messages girl 7 cubes over through internal message system. Her response “Hey sorry I don’t think so i have other plans”.

11:30am: It’s lunch break time. No time to pack lunch because he was **wayyyyy** too busy this morning. Goes out to Chipotle to buy lunch where for some reason CNN is playing in the background. It’s about Wall Street. “Oh my god those dirty corporate bankers are taking all of my money with no work ethic whatsoever, I could ‘EASILY’ do their job any day of the week.”

11:45am: Sits down to eat his Chicken burrito (may as well save 50 cents right?), he eats lunch with his *friends*. Over the next 45 minutes they refresh their Facebook, Twitter, Instagram and Pinterest accounts 75 times checking out that “cute girl” from when they were back in high school.  Living in the past.

12:30pm: Arrives back at his desk. Goes onto Doostang, Indeed and other job search boards realizing he has similar qualifications for multiple jobs that pay $10K higher on an annual basis. Does not send in resume. Begins doing work for the first time in the day.

1:30pm: Gets email from admins in the office. “Company Happy Hour Today!”. Jumps for joy! “Oh man i can’t wait I love happy hour we get drinks for like $2 and maybe that cute girl i just messaged will tell me she likes me!!!!!! Continues to do some minimal work.

3:00pm: Does minimal work. Reads a few fitness articles on “cross fit”. Doesn’t realize all of the people on cross fit look awful and the program is tailored for women. Also realizes he signed up for the gym but has not gone for the last three years and likely looks like exhibit 3.

5:00pm: Well at least he got some work done between 12:30 and 5:00pm. It’s time for happy hour! I can’t go to the gym today because maybe that girl likes me!

5:30pm: Arrives at happy hour. Cute girl does not show up. The ball game is on, March Madness. “Oh my god man i can’t believe people think XYZ team is going to win, that’s not possible, Number 33 averages 26.72364617176525 points per game and 6.28363345 rebounds. No way the other team wins man, I bet you, I bet you whatever you want man.” His boss turns to him and says okay I’ll bet you $10. “Nah man I don’t bet money on stuff man, lets just make it a friendly bet.” Boss looks at him, squints “sure”.

8:00pm: **His** team lost. Of course he has never played a sport before in his life. Now the conversation is turning *philosophical* “Man yeah, i can’t believe those sports players get paid so much its dumb they shouldn’t be paid more than doctors they should be paid much less”. His friend slightly nods his head, his boss already left the building. A man in a suit is standing behind them and asks “If he’s overpaid why do people pay so much to watch the games?”. Neither of them have an answer.

9:00pm: On his way home he remembers that there were over 20 attractive women at the bar who he did not speak to. Man that guy in the suit was a real jerk. He was probably some uptight Wall Street guy I’m going to **fight him** the next time something like that happens.

10:00pm: Finally goes to bed with an extensive hangover and a slightly lighter bank account. “Man I wish i had time… I wish I had time“.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Classic: women can’t go backward lifestyle men can’t go back attractiveness scale.

That’s the general rule.

Lack of self awareness kills both genders.

[Hunter Durham - West Palm Beach @huntercdurham]

Here's the timeline towards bankruptcy:

HINT: Don't do this. Give your lessons time to simmer.

Mar. 2019: Quit job at Facebook

May: Joined largest client

Sep: Got fired

Oct 2019: Went down Warren Buffet rabbit hole. The idea of Impact Industry was born.

Jan 2020: Found search funder community (should joined Twitter)

Feb 2020: put together documents to buy a business.

Mar. 2020: COVID happens E-commerce blows up.

April: Start taking on new client's full time at Impact Industry marketing.

May 2020: Have second child

August: landed first 5-figure client.

October: Go under contract to buy first company.

2020: Impact Industry Marketing: $250K Rev.

Feb 2021: Close $1.2M deal for e-commerce furniture store. 10% down 10% Seller Finance. 6.5% interest. Agency at $35K MRR.

Mar 2021: Freeze in Texas, main foam chemical supplier looses power. Massive foam shortage in industry. Lead times go from 14-16 weeks to 28-32 weeks.

Apr. 2021: Everything going as planned.

Aug 2021: Cracks start to appear in E-commerce business we bought, things are softening google traffic down.

September: Agency hits $60K MRR.

October: Go under contract for $2.6M on two furniture delivery businesses.

End of 2021:
E-com closes at $1.2M
Agency closes at $562,000

Jan. 2022: Bring on a biz partner, this was the beginning of the end for me.

February 2022: Transaction closes for $2.6M, 10% down, 0 seller finance.

Now there are three businesses and I'm trying to spend time in each.

March 2022: Biz partner gets really sick, loses control over his life, but still tries to work.

April 2022: Lose $750K account.

May 2022: Demote General Manager.

June 2022: Accounts receivables balloon from $150K to $600K. Should have died here as we didn't have enough working capital.

July: Heavy customer concentration is starting to form. went from 10% to 50% of the business as we grew the account. Didn't support with enough additional sales.

August 2022: Shipping business needs full attention but we now have a floundering ecommerce website, the agency is still humming but starting to see cracks. Interest rates rapidly rising.

September: Land a public company as client after working on them for a year. Mid 5-figure monthly contract.

Nov. 2022: Biz partner no longer can work, given up a lot to him. Have to pivot and put someone else in place.

End of 2022:
Agency: $775K (Covered losses and expenses)
Ecommerce: $775K (Huge Loss)
Delivery Company: $5.7M (Serviced over $300K in debt)

January 2023: Interest rates continue to rise, servicing about $40K a month now soon to be $45K by summer.

February 2023: Major cracks are starting to form in all businesses. I don't have enough time to fill them and resources are getting constrained as i've had to personal supply working capital into shipping biz.

March 2023: Things feel stable at shipping business for once but Ecommerce is getting into a cash crunch as overall demand as slowed. Churned a couple of clients on agency.

June 2023: -Lost our largest client at the agency
-Largest shipping customer owes us $400K and contemplating bankruptcy.
-Ecommerce sales almost non existent.

July 2023: We reach an agreement with shipping customer and get paid a large amount.

-Agency loses all revenue and employees

-E-commerce continuing to suffer.

Third child born.

August 2023: Mitchell Gold Bob Williams shuts down. Owes us $400K, Other businesses cease to exist at this point.

September 2023: Working with bank to liquidate. Have a little over $2M in personally guaranteed loans.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

The majority don't give it their all to protect their egos

It is much harder to give 100% at all times and realize you just weren't good at something

So they do it 80-90% to protect their fragile egos. "Well i coulda"

If you believed you could, you would go 100% and prove it

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Never tell your employer about any life events: 1) you never bought a home, 2) you don't have kids/family, 3) you are mobile and able to leave at any time, 4) you don't know much about company benefits and 5) never talk about using the health plan.

Unless you want to be abused.

[Abdul @justabdulraouf]

@fredloh @iSaurabhArora I see, thanks for your effort, it should be:

بالنسبة لمستخدمي أندرويد بلغات RTL، أصلحنا المشاكل المتعلقة بالصور وأسماء العرض في التحديثات الأخيرة.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Here is the search interest for HELOC (Home Equity Line of Credit), do with this info as you wish.

[Dr. AP | Action Potential Mentoring, LLC @action_ap]

How to Read a Research Paper Faster:

1) Find paper
2) Copy & Paste Discussion + Conclusion into ChatGPT
3) Ask ChatGPT to make it “optimized for the general public” or “condense it and explain it to me as if I was 10 years old”
4) Now, you have the gist of the paper.
5) Dive in

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

The USA has a weird dynamic (even in class rooms) where the smartest person gets 95/100 answers right and all the people who scored 60/100 highlight the 5 times they were wrong.

Anything to make the most talented people feel "lesser". Smile, nod and agree. Ignore the clowns

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

The easiest way to deal with the classic influencer flexing on you for being poor is simple

“Yes you’re a god and better than everyone at everything. Thank you now have to leave”

Completely kills their ego.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Mistake/regret/failure are all extremely strong words. Most of the time was you’re really doing is learning something new.

Expecting to hit even singles/doubles on day one is simply insane.

Vast majority of worries/mistakes will not change your life trajectory by even 1%.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Avoid all people "longing for the past"

It means they didn't make the right decisions to create a better present.

Telling on themselves.

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Hardest part is remembering new people find us daily

Reminder of the “plan”: 1) tech/wall st/sales, 2) spin up wifi biz, 3) quit when wifi biz makes around 2x your career *net income* and 4) then invest heavily into stocks/coins/RE

Can sell your company can’t sell your career

[BowTiedBull.eth - Read Pinned or NGMI @BowTiedBull]

Yeah this is correct. It’s why you go and talk to highschool kids/early college what they are collecting/interested in

The nerds are always right