Follow Your Skills Not Your Dreams

We tested a similar post title in a tweet “Follow the $$$ Not Your Dreams”. In short, following your dreams is usually a sure fire way to fail. The skills that a person has will unlikely match perfectly with his or her dream business/career. When people think about their dreams they are really thinking about the life they want to live. They do not think about all of the work and adaptation that it takes to get there.

A Successful Person Wants to Be the Best

Generally speaking, a successful person is most interested in being the best. It is humorous that people view successful people as arrogant and hard-headed because the only way they became successful is by focusing on what they are *good* at. Maybe they were more interested in Topic A but they realized they were phenomenal in Topic B (a close topic but not the same). They admit the following to themselves:

“Well, I would love to be in the top 1% in skill A but realistically I would only be in the top 20%. If I remain *adaptable* and go for skill B I will be in the top 1%.”

Get to the top 1% in practically any skill and you’re going to be rich.

Extremely Basic Example: Lets assume someone is trying to attend the best possible college. Their goal is to get into a top university. Why? The top 25 schools are practically the only ones that will lead to an extremely high paying career.

This person realizes he may be able to obtain a scholarship for sports in either Water Polo or Tennis. Great. The problem is that he’s in the top 5% among High School students in Tennis but in the top 20% in Water Polo. The answer? Even if his “dream” is playing Water Polo in College… He should quit playing it.

By focusing all of his energy into Tennis where he’s clearly on the borderline of being “elite” he’ll increase his odds of getting a scholarship and *in addition* he’s thinking about his future (a top university).

Finally, he is still an elite athlete and he will be given even more resources to potentially become a professional (IE: the top colleges will have the top coaches as well). It is a no brainer to stop following his “dream” and adapt.

This is what a successful person will do.

Skills Are Not Created Equal

Now that a person is focusing on skills rather than dreams, one has to ask himself “what skills are actually valuable”. Again. The answer is going to be based on the return on your *time*. We only get about 80 years to live and those last 10 years will be much less exciting than the first 40 years. A person’s body is never going to beat time. Better use it efficiently.

Language Example: Lets say one of your interests lies in languages. It would be wise to choose one that has a high probability of being useful for you in the future. If you decide to learn a language that is spoken on one remote island… You’re wasting your valuable time. Instead you can come up with a handful of languages that would be valuable for different purposes.

If you’re interested in using it for business in the future… English and Mandarin are the best bets.

If you’re interested in using it for outsourcing purposes… Hindustani makes sense

If you’re interested in using it for political discussions with Putin… Russian is your best bet (half joke).

Payback Period on the Skill: At this point, hopefully we are in agreement. Our time is limited and freedom in our 30s is significantly more important than a life of mediocrity chasing “dreams” for 40 years. The biggest question to ask is “what skills will be a necessity for everyone?”. Here is a list of 10 items that offer a tremendous payback:

1) Sales: We’ve beaten this one to death in a separate post but it needs to be mentioned again. Sales will be used every single day in your life so you better learn how to do it today.

2) Public Speaking: This is the number one fear for Americans. It makes no sense. If someone intends on being successful they will be forced to make presentations at some point in their life. They can remain in the background for a long time… But… Eventually they will be forced to make public speeches.

3) Writing: While our entertainment writing is mediocre at best (just look at the blog!) you’re going to need solid writing skills for putting together contracts. At *minimum* everyone needs to understand the basics. In addition, you’re going to be forced to communicate with people (a lot!) assigning tasks via email etc.

4) Reading: Yes. Reading is a skill. The ability to understand tone and context in written form is a lost art. And. It doesn’t stop there. Everyone needs to learn how to read body language as well.

5) Math: Quick math is the real key. When people chat about numbers, you can do a spot check in your head. If someone claims to make $500K per year but later states that he makes just under $1,000 per day, you know he’s lying somewhere in there.

6) Ability to Play Dumb: Yes this is a skill as well. When you meet someone you don’t want to keep in contact with, it is best to smile, nod and agree. This is actually the hardest skill to learn.

In addition, when you hear people make comments that are completely wrong, *let them run with it*.  Letting someone run with false information about you (or a specific topic) can give you an enormous edge. You’ll have to pick your spots on when to call them out and when to let them run with bad information.

7) Dating: After our post on personal finance and dating we stopped arguing as broke people invaded the comments section like the Mexican border. They all had “rich friends” who don’t do well (IE: ego protection since their wallets are light). While it is true that dating is a complex topic where you can do poorly even if you’re rich (and well even if you’re broke) it is best to learn every angle possible.

8) Health and Fitness: You only get one body. Again. You only get one body so if you don’t treat it correctly you will lose time and money. Health > wealth every single time.

9) Technology: You would be surprised at how little people know (this includes us). You can make a living by simply setting up websites for people. Once you learn the skill, you pitch it as follows “I will set it up for you and do everything… but on an annual basis you will pay me x% on top of the hosting fees which I will cover”. Then the person will write you a check every year.

How do we know this works? It’s exactly how you’re reading this blog (although we did it that way for an extremely obvious reason).

10) Style and Design: Most people do not know how to dress. They do not know how to make a presentation look good. They do not know what colors go where and why. In short, they are lost. Learning how to dress (at minimum) is extremely important as people will judge you in less than two seconds!

Time to Go Niche

If someone is proficient in all ten of the items above, he’s going to have the correct building blocks to go niche. This means you have built the foundation. You didn’t waste the most energetic portion of your life (18-25) building skills that don’t have *broad appeal*. Your skills are extremely good and broad so you can target niche items you know extremely well. Examples below:

Style and Design: Lets say you know the basics but you suddenly realize you’re getting complements left and right on your hats. This may sound boring to you… But… a $20 hat can carry margins in the teens. You can quickly target the specific niche and create a website selling products for other people or creating your own actual hat. Given that it would be your first stab we would go ahead and sell the hats you approve of and that would create an “authority” website on hats. Again. This may sound dumb but the hat industry makes billions per year. (notice you’re combining many of the 10 skills here)

Motivational Speaker: While we would never be caught dead at a motivational seminar after seeing them back in our teens… They are cash cows. People *will pay* a lot of money to “feel like a winner” for a short period of time. Of course it is all a sham. But. This is also why people get emotional over their home sports team. People will pay thousands of dollars to be associated with a winner if they cannot win themselves. (notice you’re combining many of the 10 skills here)

Private Gym Ownership: Becoming a physical trainer is generally a losing battle. You’re trading your time for money. Starting an actual gym can be outstanding. Private trainers make $100+ per hour and if your knowledge exceeds theirs… You can monetize your physical health knowledge to create a business. (notice you’re combining many of the 10 skills here)

Copywriting: In the case your main skill is writing and you have a solid understanding of sales… Learn to copywrite. If you become good enough… you can then charge a fee based on performance rather than an hourly rate. Even if your “dream” was playing in the NFL, you can go ancillary and sell NFL related items for a large margin. (notice you’re combining many of the 10 skills here)

Your Skills Become Your “Dream”

So far we’ve done the following: 1) focus on skills, 2) what skills are valuable and 3) examples of niche skills becoming profitable. Now the obvious question is “what about my dreams?”.

The problem with this question is simple, if you followed your skills you’ll be *as close as possible* to your dream scenario. Want proof? Look at Mark Cuban.

Mark Cuban made his billions in the technology industry. What is his passion? Apparently basketball.

You can take one single look at Mark Cuban and know he would never play basketball in the NBA. He probably didn’t even play in college (we don’t know his story that well) but he certainly has a “passion” for basketball. Fast forward to today and what happened? He owns the Dallas Mavericks.

If you don’t have the *skills* to do exactly what you want, being the owner of the exact industry is probably the best alternative.

Finally, the average person is going to say “What does software have to do with basketball! He could have worked in the basketball industry and been just as happy!”. While the argument sounds good, it does not make any sense. If Mark Cuban lacked the *skills* to start and sell a software Company and his only skills were basic sales… He would probably take that path. Instead?

He was smart enough to find out exactly where his skills were. If you find your skills, you’ll end up as *close as possible* to your dream scenario.

Recap

1) Following your skills will lead you as *close as possible* to your actual dream

2) People who argue that it is smarter to spend 40 years doing something you enjoy (for peanuts) do not understand the time value of life. Do not waste time arguing with them: Smile, nod and agree

3) A successful person is more interested in being the best. If you’re the best (or close to it) you’re going to have the *freedom* to do what you like. In addition, you’re acknowledging your dreams may change in the future. (IE: a real open mind).

4) We have listed 10 life skills that everyone will need to use: Sales, public speaking, writing, reading, quick math, playing dumb, dating, health & fitness, technology and design.

5) Once you find your skills. Once you have a solid understanding of the ten life skills. And. Once you have comfort in which skill you will be *good* at… You go niche.

In short? Just because you’re interested in something doesn’t mean you’re going to be the best at it. If you’re the best at something, you’ll have your entire life to explore all of your interests.

Importantly, for those that are serious about following the money to get rich, we can recommend Personal Capital. The Company offers *free* software tools with the following four key features: 1) ability to avoid losing money by tracking all fees associated with an investment product allowing you to choose the best possible fund for your future, 2) portfolio analysis where your risk profile is stacked up against your current age and retirement goals, 3) in addition to these free tools, you can also track your net worth and path to becoming a millionaire and 4) when you hit $100K in networth you’ll receive a free one time consultation with an investment professional at Personal Capital. After linking up all of your accounts you’ll be able to sit back and watch as your net worth goes up and your fees remain minimal over the next several years. We strongly believe that Personal Capital is the premier personal finance software tool when compared to its competitors such as Mint. If you’re looking to avoid personal financial collapse, it makes sense to track everything in one place for *free*

Comments

  1. DropOutSoftwareEngineer says

    Great post guys. I’ve been reading your material for about 3 months now.

    I’m a 22 and a college dropout whose currently a software engineer (self taught). I have my side gig that I work on (a SaaS application that has made $3k so far).

    My field at work is in data analysis which is really tough, but highly transferable, but for SaaS application sales to grow, I need to be able to sell more.

    • AC says

      Hey DropOutSoftwareEngineer, judging from your revenue so far and assumming you haven’t been around for long, it seems you are in B2B SaaS.

      I am in this field and it might make sense to connect. Interested?

      If yes, I will leave my email in my next comment, so WSPs can connect us if they’d be so kind to do so!

      All the best regardless.

  2. says

    For years I got caught up in the whole ‘Passive Income/Location Independence’ stuff. My *passion* was (is?) making niche websites about things I enjoy to build passive income. Problem is the websites pay tiny amounts–nothing I can live of off, if that.

    Over a year ago, however, I started doing freelance writing/copywriting and the pay is much higher. While I’m not passionate about it, it’s certainly bearable. Plus I think the upside is huge. If I can become the top 1% of copywriters, well… I think that’s where the money is.

    Good example with Mark Cuban… never thought of it like that!

    • Wall Street Playboys says

      Your path is hilariously normal.

      You went *too* niche before learning the top 10 (learn the top 10 till you make multi-six figures)… *for now* your niche sites are unprofitable.

      Learn the important piece (sales) then you’ll eventually find something more profitable.

  3. E.S says

    This post couldn’t come at a better time. I am 20 years old college student now in my second year studying accounting, i don’t really like it because of its boring nature and more importantly of the fact that working just as a professional accountant would never make me rich. After reading the book ” How to get rich” you recommended. I know of the only way to get seriously rich is starting my own business joining a business as a partner.
    Therefore, the number one skill I should work on at all time is sales
    (including writing, reading, public speaking, I think they are all variations of sales if they are used for doing business). Now I think of it , everything in running a business revolves around selling. Selling people on joining my company, selling my friends/investors on giving me the initial capital, and above all selling customers as many products/services as possible.

    Great post, keep up the great work

  4. Lion says

    I suck at doing quick Math I’d probably believe the person if he told me he made 500k a year but was pulling in less than a $1000 a day LOL

  5. says

    I’ve actually been following the plan laid out in this post for the past 1-2 years.
    I always struggled with writing so I read some books and started a website. I’ve also done freelance copywriting to improve at sales.
    Huge improvements in fitness and style have led to better dating and generally more respect.

    I can now honestly say that I am *at least* average at all these skills.

    I’ve got a decent foundation but I need to find a way to make money. Then again, I’m only 17 so I’ve got some time to test various businesses and try to find a profitable niche.

    Also, I have a suggestion for skill number 11: Networking
    You could argue that it’s a combination between various other skills but so is dating.
    Both boil down to: sales + providing some form of value (money, status, style, fitness)

    I never considered myself “good” at networking until someone pointed it out to me recently. I guess that comes from improving at all other skills and just having some common sense.

  6. Stanley says

    “You’re not working anywhere as hard as you need to unless you’re associating with motivational speakers”

    This was the best line you guys have written on this blog.

    I don’t intend to be a typical motivational speaker oozing bullshit but I’m a naturally talented orator and I can get people riled. My conscience, however keeps getting in the way: Money can be made but I feel soulless about it. That’s an issue I’ll need to resolve. You guys make big bucks with affiliate marketing…maybe you understand what I’m trying to express here (e.g. I started thinking about microcontinuity and stopped because I felt an ethical void gnawing at me, like I was somehow duping innocent people. Sounds dumb but even the cutthroat have a heart).

    At the same time, I’m well aware that emotional appeal trumps logic Every. Single. Time. when it comes to average people. Hell, it even works on intelligent people-Just look at the rise of Trump!

    • Wall Street Playboys says

      Absolutely. If you’re a good speaker the clear solution is to do sales presentations.

      Getting people pumped up about life is no different than getting them pumped up to buy. Just do it for a product you know is good.

  7. says

    Currently I am at another crossroad in life: Continue following my dreams or focus on a skill.

    Luckily for me I have been honing my skills over the past year and half.

    I am working on a product for my website which will offer value. In that sense my website will start generating more daily sales.

    At the same time I am looking into Drop-Shipping and creating a website with Affiliate products.

    My dream is having complete freedom to do as I please while being in control of my own companies. In regards to skills I am above average at writing, can paint the vision for people, and can read people very well.

    Great article!

    Regards,
    Dylan Madden

  8. Anonymous Finance Software Developer says

    When I was in high school I was really interested in theater and acting. I was good at it, but like WSP said, maybe in the top 20%. I was in the top 1% in math and science.

    I knew the following things:

    1) I would never make any money in theater.

    2) I had a much better chance of making money as a software developer. And it would be easier for me because I had the math/science skills.

    Left my theater dream behind, and now I’m doing really well writing software. Also — same thing they spoke about in article applies here: I write “boring” software in finance because it pays well (and I’m really good at it). Writing cool software (e.g. video games, an app) pays like shit. I found my niche, even though I’m more interested in doing something else. Working on being the best at it.

  9. says

    “People will pay thousands of dollars to be associated with a winner if they cannot win themselves.”

    As a guy who sells NFL items both offline and online, this is a very strange phenomenon I can’t get over.

    People will pay $100-$300 bucks for what is just an oversized polyester shirt with ironed on / stitched on lettering — with the name of some young buck on the back of it.

    If you’re able to get a license to sell online on Amazon (without having a physical offline store) or even your own store, you can make bank. People in this niche already know what they want.

    Often times, they want things that are TOO specific — to the point where they fuss and nag about every little thing. Then they return it. Customers are very spoiled.

    The only problem is when the players get traded. Then all the goyims of fans will complain that “Oh he’s not on the team anymore! They should be giving them away!” etc.

    You lose money.

    As for the profit margins you’ll only make about 50 bucks selling a 100 dollar jersey.

    The main problem also lies with the fact that the success you have in this niche is dependent upon whatever team is winning.

    It’s kind of a crapshoot in ways. And the teams that suck simply won’t sell sometimes.

    But if it doesn’t sell this season, people will buy a 1-3 year old hat style simply because they like the way it looks.

    It’s a good niche without a doubt — it will never go out of style as long as people love being cuckolds and watching grown men throw around a ball.

    I don’t think it ever will. NFL Fans seem to love buying their favorite guy’s jersey even if he beats his mom / kids / wife / kills someone in a bar.

    • Wall Street Playboys says

      “I don’t think it ever will. NFL Fans seem to love buying their favorite guy’s jersey even if he beats his mom / kids / wife / kills someone in a bar.”

      This should be etched into stone. You sell jerseys at a 50% profit margin and don’t care one bit about the sport. Fantastic. Fantastic. Fantastic!

      You must be incredibly good at sales.

  10. The Guys Get Shirts says

    I came face to face with this mindset taken to its most illogical extreme a couple of weeks ago.

    I was talking to an art student (normally something I avoid but she was a solid 8), and I asked her what it was she actually wanted to do with her art degree.

    She responded by saying that it was her mission in life to increase the amount of space female artists have in art museums relative to male artists.

    Whatever, I thought, people can do what they want I guess.

    I tried to keep the conversation moving asking if she had heard of a couple of artists who write a lot about how to go about making a living from your art.

    She said that this wasn’t something she thought of as “something to make a living off of,” because she didn’t want to think of it in terms of making money.

    What she meant is that Bernie Sanders and his buddies should make me pay for her to sit around all day and paint shitty pictures for the sake of female empowerment.

    Fuck it, you can’t save everyone.

  11. JL says

    Bit the bullet and started reading How To Get Rich around 3 days ago, loving it as you guys have already brushed up on most of the author’s pointers already which made it more easier for me to grasp.

    Funny how this article comes up while I’m also learning copy-writing on the side right now. That extra confidence that I’m on the right path, haha. It’s tough, yet mind-blowing to go through on how the whole landing page and banner ad conversions work.

    Imho at the top 10 list, what I value the most is Health and Fitness as it has been a reoccurring thing to me that I really had days where I can’t work extra hours as a result of it. Everything comes clear when after weeks of working out you suddenly stop and days after you’ll really start to notice the very big difference on your performance level.

  12. CollStu says

    Gotta admit, as a college student who has spent a lot of time developing ‘hard’ skills in programming, applied math, etc., I wonder whether business/sales and ‘soft’/transferrable skills would have made more sense. This article gave a lot to think about.

      • CollStu says

        Thought about this most of the night and decided I’m going to keep on with maths/programming as my main focus, since it’s my definitely my most developed skillset (and probably intelligence too) but make sure I’m in a strong place with my people skills (which is basically what the rest of it comes down to).

        Have held off thanking you guys since it seemed premature given I’m still right at the beginning but you’ve given me direction and I appreciate it. Had no idea what I wanted to do beforehand but with a little tough love I think I’ve got a general idea.

        Probably going a little against your ‘standard’ advice, in that when I graduate I’m going to work at Google (have my Jr internship coming up – pretty much a done deal at this point – just don’t screw up!) for a couple of years rather than IB. Higher pay than IB analyst, less hours, creative work, improve my programming, networking with guys who are most likely to have good startup ideas and skills to implement etc.) then look at moving into a hedge fund from there if nothing sticks. I asked around and they’re keen on hiring from apple/google these days but if that doesn’t work out I guess B-School works.

        You could should produce a book already – convert this gratitude into cash!

  13. RogerS says

    “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
    -William Arthur Ward

    Your website, especially this post remind me of the above quote. Having the IQ to be competent is great. Having the EQ to be honest with yourself is just as important.

    I find your blog refreshing because your main objective is too see things for what they are and then proceed accordingly. Most people definitely don’t think that way. Another example of how “doing the opposite” is probably the best way to go about things.

    Cheers

  14. Young Manhattan says

    Loved the post. Its harder to outsource soft skills than hard skills (easy).

    “As a side note, in roughly 2 months we’ll stop posting about Wall Street (we won’t have any writers there anymore!).” —- Had a feeling this was the case with all of the business talk/tweets

  15. says

    Good post. For 2 years after college, and prior to discovering my aptitude for software development, I was a recruiter for a contract engineering firm. At the time, recruiting felt like a shitty job. In hindsight, those 2 years showed me how to make 120 phone calls a day if I was in a slump, how to sell an opportunity to a candidate, how to sell a candidate to an account manager or customer, how to do quick math in my head to determine spread/margins, that any deal can F’d up by anyone involved at any time, and that my problem solving/optimization skill was more reliable than my manager’s advice. Recruiting and my typing class in high school were probably the most useful and important boot-strapping aspects of my “education” and I go back to those wells often.

  16. mk says

    Hard article to argue with.

    Regarding public speaking – over a 2 yr period I went from being nervous talking in front of a dozen people to bored stiff presenting in front of movie theatre-sized audiences.

    Was nothing cool…in fact I was presenting one of the lamest topics of all – safety briefs (LOL).

    But worth noting that, in my experience, the anxiety dissipates to the point of near non-existence after repeated exposure. One thing I noticed was it helped giving the *exact same* speech repeatedly:

    Eventually your speaking practically on autopilot. Perhaps overthinking is half the battle with speaking anxiety…who knows?

  17. AC says

    I started my career (self-taught) right after university ~4 years ago.

    I didn’t know if I was truly passionate about it and frankly, I think it’s impossible for anyone to know for sure, but I liked it, it is a valuable skill and that’s pretty much about it.

    As you say, play to win is what’s really interesting. Always better and every year better and different than the last, unless a health issue arises. That’s the common denominator l guess.

    Solid post once again.

  18. says

    That is perfect.
    So often i see people saying everyone should follow their Dreams, only to later discover that wasn’t pretty much their thing.
    This was a light in my way as i’m at the age of making decisions about what should i do with my life and you accomplished it without any motivational bullshit.

  19. Trump 2016 says

    This is all true and scarily rational.

    Also want to point out that **failure** is part of the process of being successful. It’s important to not confuse failure (where in retrospect you understand what went wrong etc) with being bad at something (although the two are linked in the majority of cases) once you’ve found your talents/skills in an area.

  20. Anon1 says

    This post.

    Reading, Re reading, and Re Reading again.

    Brilliant post.

    Have identified two pain points to overcome, one obvious: Sales.

    I don’t simplify enough.

    Other is Playing Dumb.

    My Background is highly analytical so keeping that knowledge to myself for competitive advantage [and to deter time wasters] was not something that occurred to me before.

    Gave me a lot to think about.

    Thanks

  21. says

    Spot on.

    This has always caused me a lot of mental exhaustion. On one hand, I have a dream of a more sophisticated future, with 100% EFFICIENT clean and renewable energy, as well as levitation (cars are loud AF), and efficient and fast space travel.

    The issue? Advanced calculus bores the absolute shit out of me. It puts me to sleep, literally. Good luck mastering theoretical physics without mastering calculus.

    On the other hand, building software GIVES me energy. It wakes me up. Programming is like an art form for me. It lets me express my creativity and solve problems at the same time. It is my top skill, no doubt about it.

    Based on my current position, following the path of building software is showing me a clear path to full abundance. Not a cubical drone, but having 25% ownership of a very successful software company. I’m 23 years old.

    Thank you for writing this. To anyone else, listen to this advice. Following it is the best thing you’ll ever do.

  22. says

    Great piece. The most difficult question to answer nowadays is “what skills are actually valuable.” You cover most of the imperative ones thoroughly, but I would like to add something I read in “Deep Work” by Cal Newport. In the very near future, where the economy will revolving around human-machine relationships, 3 groups will have an edge:

    1.Those who work creatively with machines and AI.

    2.Those who are best at what they do and can’t be replaced by machines.

    3.Those with capital.

    It is already happening. The rest will just be minimum wage workers who will try to survive on basic income. If you research, understand and invest in any of the three categories, you will most probably be in an advantageous position.

  23. w says

    Confirmed. Winners really do think alike. Been in the game and less on the internet and have developed 8/10 skills. One skill isn’t on my radar yet, and the other I’m above average at.

    Another one: not repeating mistakes. Big mistakes are easy to not repeat, like hitting a tree while drunk driving. A lot harder to not repeat mistakes like overcommit on obligations, getting into debates, and forgetting the political game is a 24/7 thing.

  24. Anon says

    Funny you mentioned Mark Cuban, he has very good blog article called “Don’t follow your Passion, follow your effort”.

    My favorite part:
    “Time is the most valuable asset you don’t own. You may or may not realize it yet, but how you use or don’t use your time is going to be the best indication of where your future is going to take you .

    Let me make this as clear as possible

    1. When you work hard at something you become good at it.

    2. When you become good at doing something, you will enjoy it more.

    3. When you enjoy doing something, there is a very good chance you will become passionate or more passionate about it

    4. When you are good at something, passionate and work even harder to excel and be the best at it, good things happen.

    Don’t follow your passions, follow your effort. It will lead you to your passions and to success, however you define it.”

    I’m not sure about the links allowed policy here so I will leave it out, but a simple google search will help you guys.

  25. advertisingking says

    Keep up the good work! This is the only blog worth reading on the web, other bloggers are time wasters.

    Suggestions:
    – The community wants to see a blog post of you writing about acquiring gigs on whatever skill(copywriting, coding ect.) – which is often very difficult if you are starting out
    – I feel like you are missing out on some fashion/lifestyle posts, tbh the old posts are kinda lame

    Cheers
    advertisingking

  26. Arvind says

    Small edit – it’s Hindi which is spoken in most areas, not hindustani (which doesn’t really exist, like “Chinese” or “American”) Technically India has more than 1000 languages, but you won’t go wrong Hindi although most educated people here understand neutral English pretty well.

  27. Jordan says

    Trade skills aren’t covered in the post for obvious reasons given the target audience. But say one’s top tier skill was welding, construction, etc.

    The best route for that person would be to start a business. Trade time for money for first 10 years and then manage other peoples’ time for the next 30.

    Tried to frame this a simple yes or no response, rather than a “please tell me what I should do with X skill.”

  28. legend says

    100% true. 3 months ago I wanted to start a business selling b2b consulting in a specific vertical I’ve always dreamed of being in… But really I just wanted money.

    One thought came to mind at the time which is what are my actual strengths and what assets do I have that I can use?

    What is the closest branch I can grab to make money soon as possible?

    Worked on the ideas…

    One of the tests produced interesting results even though it was only $1.4k

    Decided to stop testing and built a business around that finding, pure b2c selling to masses thing.

    First test of the new business made $20k in that first month.

    Stopped it all moved over to new platform and built real systems and infrastructure around it..

    First month $44k in sales.

    And this is just the start.

    Better to cash in on what’s closest to you opportunity wise before going to learn new things and make new mistakes in an unfamiliar field.

  29. DVY says

    Thanks again for continuing to write these up. As much as you say, you don’t believe in motivational speeches….these truly are motivational because its a no BS approach to life.

    I’ve previously added one side hustle correlated to my main job. Yes, it is trading time for a hourly $…. BUT now my independent contractor gig pulls in 2-3 hours what I did in 8 hours working for somebody else. Sure, its not full-time BUT WHO CARES. Its more $ for less work.

    My family gave me all the excuses and I really didnt believe in myself until I got it going. Doubt is normal. But just put your nose down and believe if the #s make sense. Who care if you send out 10,000 letters and fail. All it takes is one big, lifetime contract if the #s make sense. If you get two, you are golden

    Now I’ve built my rolodex high and low, and leveraged my social network to link people and take a % of profits as commission. I am my own platform at a small level, but it truly is something you need to experience to understand.

    I urge all those to continue to spend $, be grateful to others and give back. It is too easy to fail into the $ greed trap when it should be that $ is given freely to let more $ flow your way (within reason and because of the concept of reprocity)

    WSP and I may not always agree on all topics but believe I have a lot of respect for him and his crew.

    Much respect,
    DVY

  30. Andre says

    Awesome advice guys! This post resonate perfect with my story…

    I’m very passionate about music, it is in my blood (in my spare time when I do this I fell happy, nothing makes me more happier that this, not even making 10k a day).

    So I wanted to become a music producer, like the ones who make music for Jay Z 🙂

    But I felt it might be a risky path to take to achieve the big dream, to make a lot of money and live a stress free life.

    Plus, I wasn’t sure about my music production skills, maybe is just something that I love doing and it might not make me any money.

    So I kept doing what felt I’m good at, affiliate marketing, I even dropped college for this biz, even though family and friends were not agree with that.

    In few short years I’ve made one mil (dollars). Amazing achievement (note: I’m living in a fucked up Eastern Europe country so 1 mil is like 5 in top tier countries)

    I’m 27 now, so there is still time to do my passion after I’m completely financial free (I mean passive income).

    Mark Cuban said “Don’t follow your passions, follow your effort. It will lead you to your passions and to success, however you define it.”

    Recently I discovered I’m passionate about copy writing and the good thing is that if you master this skill you should not have to worry about money again.

    Again, awesome post and I enjoy reading this blog!
    (I’m sorry if my English is bad)

  31. CHJ says

    In Cuban’s words:

    “…If you really want to know where your destiny lies, look at where you apply your time. Time is the most valuable asset you don’t own…”

    and

    “Let me make this as clear as possible:

    1. When you work hard at something you become good at it.

    2. When you become good at something, you will enjoy it more.

    3. When you enjoy doing something, there is a very good chance you will become passionate or more passionate about it.

    4. When you are good at something, passionate, and work even harder to excel and be the best at it, good things happen.

    Don’t follow your passions, follow your effort. It will lead you to your passions and to success, however you define it.”

  32. says

    this is fantastic advice. i’m going to re focus myself on chasing after my skills and talents and letting my passions take a backseat, until i have accomplished my financial goals.

Leave a Reply

Your email address will not be published.