the “boring” industries will pay you more than any sexy niche ever will
- freight
- insurance
- logistics
- compliance
these industries have no hype, no noise, but insane cash flow
most of them still run on outdated systems...which means even small fixes create massive ROI
they don’t want hype...they want predictability
and the person who gives them that becomes impossible to replace
i broke down how to spot these overlooked niches and plug the gaps no one else sees
like, rt & comment “BORING” and i’ll send the doc
must follow so i can dm you
@hthieblot that’s true, but i’ve always wondered what work-life balance would actually mean for most people
in my experience, when shit gets really tough (like they do when doing startups), having no buffer is a very dangerous state to be in
“Why doesn’t that old, rich guy just retire already? He must not have a purpose in life outside of money!”
Like a lot of people, I used to think that way. But it’s wrong.
Fundamentally, there are two things humans do: We produce and we consume. That’s it.
Most of us, throughout our lives, produce and consume roughly in parity with each other. We make money, and, over time—even if invest some of it and don’t spend it immediately after earning it—we expend it all. The work we do—the economic value we create—is offset by the house in which we live, the food we eat, the medical costs of keeping us alive, the vacations we take, and all the myriad other things we consume each day and over the course of the years.
Some of us consume more than we produce. This requires some type of external subsidy, be it a trust fund, charitable support, or government benefits.
A small number of us produce more than we consume. And an even smaller number produce vastly more than they could ever hope of consuming.
These people have many different roles and titles. If you respect these people and appreciate their contributions to our society—which, by the way, I hope you do, because these are the people make it possible for you to eat food you didn’t have to grow yourself, live in a house you didn’t have to build yourself, and utilize countless technological innovations you didn’t have to invent yourself—you probably call them builders, creators, or inventors; founders, entrepreneurs, business leaders; titans of industry, pillars of community.
If you don’t like them, you probably have other terms—plutocrats, bourgeoisie, kulaks, parasites, vultures, hoarders of wealth.
Going back to the old, rich person at the start of this, that guy—whether you respect him or not—attained his position in society by virtue of having been a net producer. He’s produced more than he’s consumed; his outputs total more than the sum of his inputs. Put simply, he’s planted and harvested more than he’s eaten.
People who produce like that over the course of their lives don’t do so because they want to one day start consuming more. Men and women who spend each day as a net producer don’t just switch it off one day to become a net consumer. Vacations, rounds of golf, restaurant outings, and movie showings simply aren’t satisfying to someone whose mind—not to mention whose heart, whose animating spirit—is wired for producing.
It simply doesn’t work that way.
You might not understand it; you might not understand these people. And that’s fine—for much of my life, I didn’t either.
But don’t question what drives them just because it’s not what drives you. Because these are the men and women who built our society, explored new worlds, invented the wondrous technologies we use every day, and created the works of art and literature we get to enjoy.
And they’re the ones who will keep building, keep creating, and keep making it possible for future generations to enjoy things even greater.
@amasad that’s so good Amjad! I’m seeing a lot of very exciting graphics and UX, but I’m wondering how good the agent is at building complex and sensible backend features that require heavy specs and tests
In my previous failed start up, Ben was the only billionaire to ever actually take the time to respond to my emails and give me practical advice.
I don’t know if you remember me, it’s been 10 years. But you were supportive as well.
@AniceLajnef Bonjour Anice, une question : êtes-vous aussi anti-endettement lorsque la dette est utilisée pour financer un actif productif, qui doit générer du cash et donc permettre de rembourser la dette et ses intérêts ? Si oui, pourquoi ?