The people that say “Once I have more money I’ll start investing” Almost never end up investing People think that once they eventually come into more $$ that their discipline level will change If you aren’t investing when making $100k a year You won’t invest at 1mill a yr

Most people can’t bridge the gap from riches to wealth Reason being is because they are scared to entrust other people to work for them They are innately selfish and can’t be a good leader and hire good talent and share the pie with them So they stay a solopreneur for life

There’s some businesses that thrive just because of their location It can be analogized to when Buffett says “invest in businesses so good an idiot can run them” There’s restaurants on prime waterfront property that suck that do well only because of the location Bulletproof

@rhiankatie @Shopify @harleyf Shopifys job isn’t to be a mediator.. you can sell anything you want on their platform as long as it’s legal.. this is how it should be

I think real estate is a good investment if you’re all in on it and not simultaneously building a business that’s extraneous to the real estate To get alpha in real estate you need to be hands on and it’s mentally taxing to say the least It’s not passive income like ppl claim

These fast food franchises make so much more now due to Uber eats and DoorDash The franchise owners who bought 5-10 years ago are reaping insane yield just on the tailwinds of delivery Increased the market significantly cause most people don’t wanna drive there to get it

Much easier to succeed working in a partnership than it is solo There’s a reason all the biggest companies have 2-3 founders and in some cases more When you have other people to go to war with it’s easier to navigate through the hard times You go hard for the sake of partners

Mad props to the people who get an exit and then get right back in the arena That’s likely the demarcation between the people who hit it big and everyone else They’re just preordained to always be building and progressing Most people just want the $$ nothing else

@Franchise_BW Do you own any ?

Taking on investors and giving up board seats when building a business makes it wayyyyyyy harder You end up spending half your time reporting to your investors and the opportunity cost is that time being spent building Only take on investors if you have to as it stifles speed

Mark Cuban said he used to drive around the wealthy neighborhoods a few times a month for motivation Being around real wealth widens your aperture It’s tough to strive for more and go to war everyday without constantly being reminded of the upside Osmosis is real

Study the founders of Samsara MIT geniuses both billionaires who have some interviews on YouTube I’ve watched all of them and have gleaned incredible lessons

Usually the people who do well in job interviews suck at actually working.. I’ve seen it time and time again where the charismatic person who says all the right things just ends up being a terrible performer.. Actions > Words

If someone’s constantly traveling, at all the social events, and living a proverbially ‘good life’ You can almost guarantee they aren’t building or are a trust fund kid It’s not possible to build something massive while simultaneously living this fast life Gotta be all in

Can’t make a good deal with a bad person They don’t care about a legally binding contract They don’t care about following a moral compass They’re innately malignant and nothing will change them Just avoid doing business with them or getting close to them

Real estate taxes are the biggest scam You buy a $5million home then gotta pay the govt $100,000 a year in real estate taxes Which is really $170,000 a year cause you gotta make $170k pay income tax then pay the $100,000 in real estate taxes

A good business is simply a business with a good composition of talent A bad business is simply a business with a bad composition of talent There’s really nothing else to it An idea itself is malleable and can change The talent working behind an idea is immutable

The more stress you deal with the more stoic you become Ultimately wanna get to the point where you can be going through hell and be unfazed The most successful people have the ability to endure the most dire issues without being emotional

Most of the problems you encounter in your business life are personal problems traversing into your biz life Your terrible diet Your lack of sleep Your relationship problems Fix your personal & you’ll see your business run better You need a placid personal life to build