Wall Street Playboys - Advice from Real Wall Street Professionals
August 13, 2018 by Wall Street Playboys 131 Comments
Q&A now closed!!!
Anonymous Coward says
August 13, 2018 at 12:22 pm
What are, in your opinion, excluding facebook and google, the best paid traffic channels?
Wall Street Playboys says
August 13, 2018 at 1:03 pm
You can pay for influencers and also pay for the low tier ones (yahoo etc.). More importantly if you are really good, you will eventually be flagged and brought into small intellectual property protected networks. Those actually pay the most (even more than facebook) but have tiny scale since they are niche
August 13, 2018 at 12:27 pm
If DCA into the two tickers you suggested under the ‘basic suggestion’ section of Triangle investing, would you recommend reinvesting all dividends (no dividends were reinvested in the example given) and just focus on building the businesses?
August 13, 2018 at 1:04 pm
You always invest in a business if you can. Always leads to the best profits. Now we are saying “always” because we assume you already have an idea. If you have no idea and nothing to do with it, reinvest it into stocks/real estate etc.
August 13, 2018 at 12:32 pm
I have a theoretical question.
Feel free not to answer if it bothers you.
You are more comfortable with competitive business that necessarily requires paid advertising.
Why do you discard business that is content based, especially when you have an edge or talent ?
Both require on average 5 years for a low 7 figures, But in the end the content marketing leads to an authentic brand that stands out from the competition.
Besides, your blog is a great example of a brand that can be monetized with more profitable products than ebooks if you want
August 13, 2018 at 1:02 pm
Content does not pay $1M a year in 5 years. Not even close. Don’t believe the hype.
That is reason one. Also from a risk perspective what is more portable your “ideas” or your ability to sell any product (ads etc.). We both know the answer there.
To kill this one for good, is content recurring revenue or one time sales? One time.
August 13, 2018 at 10:42 pm
“Both require on average 5 years for a low 7 figures”
No. You must not be reading the right sources on how quickly you can make money with paid traffic.
August 13, 2018 at 10:52 pm
Ha yep! Can get there overnight if good.
August 13, 2018 at 12:48 pm
Any book recommendations this year?
Thanks in advance
August 13, 2018 at 1:00 pm
Just read Sapiens and A Kind Of Mirraculas Paradise: A True Story About Schizophrenia.
Neither were amazing but that’s all we got this year. Don’t read as much anymore.
August 13, 2018 at 12:52 pm
How to efficiently do your own stuff in an office where people are very nosy and interested in what you are doing but also at the same time the work does not require the full hours to get it done? I have read your advice before about excel background, windows + d etc. but any other tips?
August 13, 2018 at 12:58 pm
Give the appearance of being an unlucky person. Say things like “i have a ton of student debt” or some sort of negative aura. If you’re negative in the sense that your “life is going badly” people will avoid you. You can still be a positive person so people like you, but hint that your life is in bad shape on a personal basis. They’ll leave you alone
August 13, 2018 at 1:07 pm
How to cure gluttony?
I am a fit man and work out 5 times a week but stiil find myself craving for junk food?
August 13, 2018 at 1:57 pm
No idea, we think junk food is actually disgusting so we’ve never had this issue. All we’d say is that junk food will eventually lead to medical bills which should be motivation enough to quit.
August 18, 2018 at 4:34 am
Read “Salt, Sugar, Fat” by Michael Moss.
A book about how the fast food companies manipulate the ingredients of their food to trick you (physically) into eating more.
Did the trick for me.
Went from “This tastes great.” to “I am being manipulated into eating this.”, which helped me stop.
September 10, 2018 at 1:32 am
I would read “How not to die” by Dr. Michael Greger.
Maybe the more actionable way would be to follow the Penn Jilette diet. I did it and I don’t crave any junk food anymore. Here is a link.
August 13, 2018 at 1:23 pm
I have been very successful in my own B2B business, in the business 20+ years, and would like to set up a course teaching others to join the industry (incredibly difficult industry with very high attrition rate).
What is the best way to take payment while still remaining anonymous, as you do? I know I can set up a separate Paypal fictitious account to accept payment but are there any other ways to do it with recurring products/services?
August 13, 2018 at 1:56 pm
That won’t work. Anonymous recurring items won’t make any money. Also our blog makes peanuts so it’s not a good example.
Either make your name public and do it all legit to make a lot of money or don’t do it all. Just remember if you do decide to create the course you will be putting yourself at risk to becoming famous.
August 16, 2018 at 12:05 pm
I’ll be the face of your business.
August 13, 2018 at 1:28 pm
I am conflicted because I have multiple side business ideas and I find myself spending too little time to go deep in each of them.
Would you advise that I stick with only ***one*** side biz idea and keep doing it until successful, then outsource a lot of the work related tasks and go for the next idea, or should I continue doing all at once?
August 13, 2018 at 1:55 pm
Yes most people juggle which is terrible stick to one. We did a post called top 10 mediocre people you’ll meet. The Juggler was number 6.
6) The Juggler: This is probably the biggest trap of all of them. This individual has everything the above people do not have. He has risk tolerance, an ability to take action and he focuses on earning money. The problem is that he does too many things at once. He’ll try to start three different websites at the same time. He’ll jump from company to company (ignoring the loss of political capital). He’ll invest in higher risk investments but never get concentrated on one he knows extremely well. This guy ends up becoming well off but never rich because he just never gets scale with any idea. Think about this person as a “mediocre” decathlete. While he ends up being good at 10 different things, he never makes it to the top because very few people are good at 10 events at the same time (most people are good at maybe 2-3 events). This is less to do with talent (he has that) and has more to do with building blocks and focus. The base/foundation was never built correctly so he has to redo the foundation for all of the different ideas over and over again. If you have a friend like this, help him because he has the highest chance of getting rich out of the all of the people on this list. Help him figure out where his real talent is, convince him to quit the ones that don’t work and watch the exponential growth.
August 13, 2018 at 1:34 pm
Have been working in the traditional engineering services career (rotation-based) for about a year but feels like wasting time even though the salary is quite well comparing to other jobs (not living in the US). Plus I will soon spin it into selling expensive equipment (giving sales is one of the legit roles).
On the other hand, I have drawn myself into blockchain sphere lately using my downtime at my job rotation. Do you think quitting the traditional engineering career and shift the focus on getting a blockchain career a smart move?
August 13, 2018 at 1:54 pm
The best probability return is to got into the sales position (lower hours higher income) and keep working on the blockchain items. Not even sure what you mean by “drawn in” if you’re not making $100,000+ in blcokchain you haven’t been drawn into anything career wise at all
August 13, 2018 at 1:52 pm
What age and situation is “too late” to make it, why?
August 13, 2018 at 1:58 pm
Define very specifically what “make it” means and we’ll answer.
August 13, 2018 at 5:05 pm
“Make it” defined as $250k/year and growing semi-passively.
August 13, 2018 at 5:42 pm
That is pretty much any time. Anyone can start something that makes $250K pre-tax. So never too late.
If you mean $250K without working at all? Most people never make it there and those that do are usually there earlier (40 or so) because they started a successful company and made $5-10M.
Camille D Bob III says
Currently, 2.5ish years in niche-service business, have had paying clients come and go, but still not profitable and still finding it hard to set meetings and consistently close new business (very low closing percentage). Leads me to believe I brush up on my sales fundamentals.
What actionable tasks would you recommend doing today to improve sales?
August 13, 2018 at 2:34 pm
You should get a job in sales as well. If you’re under 30 and not working two directions (your business + a regular sales job) you’re behind.
August 13, 2018 at 3:16 pm
I was in tech sales but got let go for political reasons. At that point, I had a decent amount coming in so I went all in. Since then, I’ve hit a wall.
Are you suggesting dive back into tech sales and move business back to side?
August 13, 2018 at 3:23 pm
Yes. If you hit a wall, you need money coming in to get through the wall.
August 13, 2018 at 3:42 pm
Perfect, once again, I appreciate all of the advice!
Have tried running paid search (bing) traffic to quite a few skincare offers (direct linking) with, unfortunately, no campaigns in the green. I’m aware the next step is building/stealing landing pages, but not sure where to find these pages for the *newest* offers. Are there any tools/spy tools that WSPB would recommend?
August 13, 2018 at 2:33 pm
You need to succeed with high quality current offers so you are grandfathered into the better offers. Sounds like your issue is conversions in the first place, so you should get onto another computer and search around for the same product you want to sell. Steal those landing pages and see what they are doing and what you are doing wrong.
August 13, 2018 at 2:01 pm
$20k in credit card debt (currently in collections), expensive car lease with 2 years left, started a new career in residential real estate.
Should I file for bankruptcy or just pay it off and keep the car?
August 13, 2018 at 2:30 pm
That is a very tough one, we’d say you’re better off paying it off if you intend on using leverage (hence your switch to real estate)
If you think you can pull it off despite the credit hit, then file for BK.
August 13, 2018 at 2:08 pm
Is there anything I’ve left out of my affiliate marketing starter pack shopping list?
August 13, 2018 at 2:29 pm
No. your list is solid. One item of caution though, we would recommend that you learn specifically which market you will target. If you’re simply “guessing” and trying them all we can guarantee failure in that case. Decide which sub-segment you will focus on and why you know the market better than others.
August 13, 2018 at 6:31 pm
What’s your list?
August 13, 2018 at 2:26 pm
I have a question regarding the topic how much is your time worth.
Would you keep working a full time position around 50 hours when it moves your net worth by less than 25% if so at which level would be the cut off for you?
August 13, 2018 at 2:32 pm
Depends on age. Under 30? cut off is low at 7%. Under 40? probably around 10%. Under 50? probably around 14%
As you get older working makes less sense.
Note this assumes you are already financially independent, otherwise you can’t “quit”
August 13, 2018 at 3:04 pm
Career related question.
I have the opportunity to switch from an incredibly boring career in Supply Chain (50k employees company, senior management loves me, on the verge of promotion, average pay) and get a job in a Black Hat affiliate marketing agency as the creative content lead – very small team.
Online biz is ongoing, but don’t make much money yet, so still need a full time job.
How I see it..It will essentially allow me to work on my copywriting and persuasion skills, learning a new, more exciting industry while being paid for it. Considering your background in AM and mentioning in Efficiency that AM is probably not a good idea anymore, do you think this would be a smart decision?
August 13, 2018 at 3:22 pm
Decision is based on time. Unless the new slot offers 30-40% pay increase probably not worth it. If you are well liked and loved by senior management you have much more time to start your own biz/ideas.
August 13, 2018 at 3:06 pm
22. Working on the buyside in a tier-3 city. Hours are better than banking but there are some week nights where I don’t leave till 10pm+.
I’m considering hopping to enterprise software sales because I want to maximize my income with the lowest possible hours so I have time to work on my eCommerce biz.
I’m also considering staying at the fund since the CoL is low, I can (sort of) work on the biz at the office discretely, and the future contacts may be worth it (hours are not the end of the world and I may be overestimating the amount of time needed to build/grow/scale a brand that generates lots of long-term-customer value on the back-end).
How would you go about making this decision if your #1 priority was to build a location independent ecom biz that generated 250K bottom line+/yr as quickly as possible?
Many thanks in advance! Thank you for the great content this year!
August 13, 2018 at 3:21 pm
Only jump to the software sales business if it will make more money than your current position. That’s how we would decide. You’re only 22 so you have energy to work two slots at the same time.
August 13, 2018 at 9:02 pm
Thanks guys. I’ll stick it out for now and grind my ass off on the biz. Cheers to the best time to be alive.
August 13, 2018 at 3:07 pm
How do you decide between taking profits while running a business versus reinvesting in the business for continued growth? Currently I have two main other sources of income(1k/month and 3k/month) besides a job. Should I be reinvesting all of the profits back into them to grow faster? One’s an affiliate website and the other is POD (Amazon Merch).
August 13, 2018 at 3:20 pm
Depends on how much you want to make and risk. If you’ve been growing we’d say invest until revenue starts to flat line. If it flat-lines then you need to stop and think about what your next proejct will be. Don’t chase dreams. If the business goes down/sideways you don’t want to spend. We keep it simple!
Multiple revenue stream brah says
August 13, 2018 at 3:13 pm
How do I find a good tax guy?
I’ve got 6 figures of annual W2 income, an online biz earning ~$2-7K a month, dividends, and soon to be rental property. Taxes are getting complicated, and I’m worried I’m overpaying. My experience with CPAs and EAs has been lackluster. My network and “peers” are regular people who can’t understand why I’d want anything besides TurboTax.
August 13, 2018 at 3:19 pm
Talk to any of your contacts in the same business. Find someone who has worked with the IRS before becoming an accountant. Then you’re set!
Tons of accountants out there, just find one who works for himself not a major firm.
August 13, 2018 at 3:28 pm
Thanks for the awsome content. Truly life changing.
My question is with respect to running an e-commerce site. How you recommend to find the best manufactures? I see that many sellers nowdays recommend dropshipping from china with Amazon fba and/or Shopify setup. Or would you recommend local manufacutres and handling shipping/packaging yourself?
August 13, 2018 at 4:07 pm
Same answer. Go to a conference with the product you’re trying to sell. Go look at their packaging. Find who makes their product. That’s your manufacturer.
August 13, 2018 at 3:29 pm
I am applying to medical school and starting as a lead gen SDR per your advice. In off time, would you be a real estate agent in a lucrative city or sell a “how to make money” info product (I have not personally made money with said method, so I would have to market it without personal brand/putting my name out) ? Thank you.
August 13, 2018 at 4:06 pm
Real estate because it’s absolutely insane to think you’ll make any *real* money without putting your name on the line.
August 13, 2018 at 11:09 pm
Got it, so how do you sell online without putting your name out and also not getting famous (or is that specific only to the “How to make money niche”? The method then is to sell recurring product online in one of the “good markets” without putting your face as the brand? I will do RE locally and promote online, I guess it is similar to a “consultant”
August 13, 2018 at 11:25 pm
As long as you are not using your name as a brand you won’t be famous. If you sell anything, say perfume and make $2M a year… no one is gonna actually know who you are. Your company name is the brand not you the person like a celebrity.
If you try to become an e-celeb then you’re screwed.
August 13, 2018 at 3:34 pm
Any work efficiency tips for a new investment banking analyst?
August 13, 2018 at 4:05 pm
1) set low expectations to exceed them
2) don’t volunteer for work that won’t make you look good
3) don’t try to outshine any minority in the office (you will lose 100/100 times)
4) better get started on your online biz because banking won’t make you rich
August 13, 2018 at 3:37 pm
Fyi…got triangle investing for free
What are your thoughts on dividend paying whole life insurance as another income stream?
What are your thoughts on investing in dimentional financial advisors? None of the books mentioned in your blog, including triangle investing talks about these options. That’s why I ask…thank you
August 13, 2018 at 4:08 pm
We are not big on those types of whole life investment we stick with standard stocks.
You only get 1 question and have asked two due to two items, we also have no clue what dimentional financial advisors is so we wouldn’t know! If we haven’t heard of it we can’t help. We also refuse to look it up
August 16, 2018 at 12:47 pm
he meant to say dimensional lmaoooo
August 14, 2018 at 12:41 pm
I specialize in whole and universal. Just depends on who much you can fork over on the wholes, Client the other day had accumlated 875k we were trying to 1030 exchange into a new policy, since his was going south. He wouldn’t pull the trigger would have been a 100k comission.
Leave ur contact and I can run some number for you, scan and email em.
August 14, 2018 at 3:16 pm
Whole lifes can be great because the tax deferred withdraw from the accumulated cash up into the amount you have put in over the years. After that you take a loan against the policy at 1% interest and can continue to withdraw
Steady ROR, that requires you to pay in, not to mention death benefit.
People think they can just get a term life policy and invest the difference but 99% start spending that money on BS rather than investing the difference.
made a random email, anyone can hit me up on to see some numbers.
August 13, 2018 at 3:40 pm
For fun: when do you think the correction is coming by some trigger?
August 13, 2018 at 4:04 pm
Eh our over under feels like about 2 years. We’re just looking for a few things 1) slow down in housing, 2) employment slowing down, 3) rates going up another 4 times or so.
No real hard set time, we will say we’re not investing much in the stock market anymore we used to invest 100% of extra income but now its around 40%. Next year it’ll be 20% and if its another up year we’ll take it down to 0% and go all cash with future cash flow.
But again, this is from people who don’t have to work
August 13, 2018 at 4:10 pm
Is military retirement worth it with a side gig? I won’t clear 100k in salary until 8 years in (owe 5 for my free education at an elite uni), but I can bank over half of my pay each month because of mil benefits (will have $144k in retirement accounts + 200k in other accounts by age 30 from mil pay alone). At retirement (20 years) I would get around 50k/yr and medical for life while being able to work a second full-time job. Thanks.
August 13, 2018 at 5:50 pm
Unsure how to answer. If you value a risk free retirement (late years) it is definitely worth it.
If your plan is to get rich earlier then that changes the plan entirely. Depends on how you want to live your life which we can’t answer.
Wish there was a yes/no but we don’t know your end game.
August 21, 2018 at 10:17 am
Only for US: Recommend evaluating counterparty risk on mil retirement. Dept VA medical has chronic issues; and after retirement, it is in the gov’t interest to pay less and less in pension and benefits due to debt burden. See the roll-out of the match for TSP (US mil /civil service 401k) with 40% pension instead of 50% fixed high three pensions.
Also, most side gigs after 20 years depend on the military doing well and budget appropriations- you are usually a contractor or in another civil service position for 20 years due to mindset. The military mindset cost is real-doing what you are told, every day, and just that, while playing officer political games, does keep you from being in the game for sales, etc at 38-45 for most military retirements. unless you are able to transition directly from military to starting your own biz
that’s why most headhunters look for officers/ncos with 5-8 years of experience, clearances, and technical qualifications. pple 23-30 are still trainable, despite 1-2 years transition cost and salary. bc if you stay with a firm, they profit through the next 10-30 years (30s, 40s, 50s). after 20 years in military mindset and being told you are a boss, no one wants to hire a fixed mindset that thinks they deserve immediate standing in a new organization based on past.
because if you were a winner, you’d stay in and be gunning for general or got out between 5-8 after being frustrated with pay, hours, and incompetence of middle management with *real* powers to mess and risk your life on petty stuff. You could also be on the winning track at 18 years with battalion command, then have one thing outside of your control throw you out-a fickle business
excluding housing/subsistance/danger pays (which are arbitrarily turned on and off based on location, duty, etc) , an 03 working 80 hours a week (typical in garrison with command or staff primary with additional duties) earns $17.27 an hour. deployed or field exercises can top 100 hrs/ wk with work easily with 15-16 hour shifts
A big thank you to the books and WSP though-their work has helped me figure out the game from inside the system. and make more money
*if you want, moderators can share email with commentator*
August 13, 2018 at 4:37 pm
What is an important truth that very few people agree with you guys on?
August 13, 2018 at 5:49 pm
You don’t deserve to create a new family unless you have the financial means to support them despite losing all your income streams (only investment income)
August 14, 2018 at 11:50 am
Thank You Both. Cleared something.
August 13, 2018 at 4:52 pm
What kind of stuff do you guys do to stay interesting and not choke off your personality? You’ve talked about going out twice a week which is fair enough. Is that going out to club and bars? What about beyond that?
Currently I work ~60 hours a week. Seems like all my time is in making money and then not doing a lot else. Am the boring person I don’t want to be.
August 13, 2018 at 5:48 pm
Then try something else? Learn a language and travel. Learn how to surf/rock climb etc. Learn how to dance. Build a completely different business
Lots of options. No such thing as being bored, just boring personalities which is easily preventable through brute force.
Funny enough a friend recently learned high quality magic tricks, thought it would be a waste of time, but he has kids and it has worked out well for entertainment.
August 13, 2018 at 5:52 pm
At what net-worth would you consider personal assets protection (e.g. trusts, etc.) for minimizing liabilities/litigations and increasing privacy? Thank you.
August 13, 2018 at 6:20 pm
If you have a family likely over $2M. If you are single probably around $5M.
John Andre says
August 13, 2018 at 5:53 pm
If you can reach income independence from your dividends, including payout fluctuations, any real reason to care about total return?
Not really, as long as you don’t eat into principal with the fluctuations and grow a tad to offset inflation.
August 13, 2018 at 6:29 pm
Have you boys looked into Hong Kong or Singapore for offshore banking/merchant accounts?
Asking for my lab rat, it’s for science.
August 13, 2018 at 6:32 pm
Career change says
August 13, 2018 at 6:52 pm
23. Debating switching careers. Currently in consulting working a lot of hours not leaving much time for online biz. Working on aff campaigns at the moment and thinking about starting eComm too. Here’s what I’m between:
Software sales: “career” (not time for money)with more upside, good hours, lower pay than consulting
Agency (media buyer): good hours leaving time to work on side biz, transferable skills to affiliate campaigns, lower pay than consulting
What’s the best move in your opinion? Possibly a 30%pay cut if I switch. Goal is to have full time online income.
Awesome posts this year btw!
August 13, 2018 at 6:59 pm
Software sales easily, media buying will be eaten alive by AI very soon. That is enough to call it off
August 13, 2018 at 9:55 pm
Assuming you mean the actual media buying part (creating ad sets, adjusting bids/budgets, targeting, etc) and not the creatives/funnels, is there any software in particular you recommend for this?
Wasn’t planning on asking a question so I don’t have my ID, but can get it if necessary.
August 13, 2018 at 9:56 pm
We won’t give away what we’re using all we will say is media buying is going to AI fast.
August 13, 2018 at 7:01 pm
Question: Have $100k for property investment (rental units). Deciding whether to invest now or to wait till the next crash. Context: in my mid 20s so $100k is considerable. Looking to invest in a ‘growing’ US city where current prices are ~$120k/ 2 bed flat near city centre.
August 13, 2018 at 8:17 pm
If you have a second form of income go for it, finding good properties is becoming more difficult but still doable since you are young that also helps.
If you don’t have a second form, would build that out unless you intend on becoming a property flipper.
August 13, 2018 at 8:33 pm
Thanks. What’s your reasoning for going for it now instead of holding onto cash and buying at next dip / crash?
August 13, 2018 at 8:50 pm
You’re too young for it to matter much
August 13, 2018 at 7:17 pm
Currently in sales, but feel like I’d be better at real estate – more talented in that area and interesting. Note: Decent (top 30%) performer in sales but won’t be elite.
Where do you draw the line when going for a career that has a better future/value (software sales) versus one you are more talented and interested in (REPE)?
August 13, 2018 at 7:19 pm
Interesting doesn’t matter, talent is the only part that matters.
If you can’t sell software as well as you can sell real estate that is all the information we need, go sell RE.
August 13, 2018 at 7:44 pm
Just for fun — what sport has the highest roi in terms of networking and mental/physical benefits?
August 13, 2018 at 8:18 pm
No idea, but if you want physical benefits and a network probably tennis. If you just want a network probably Golf which also lasts longer in theory.
Tough call but those two have the richest people in general (and consistent)
August 14, 2018 at 5:59 pm
Running is also very good.
August 13, 2018 at 7:47 pm
Q: Being that we are very late in the current cycle, it’s been very hard to purchase and find investments that makes sense whether real estate or other asset classes for passive income. What asset allocations and investments criteria are you guys doing for 2019?
If uncomfortable to answer,
Q: Any timeline of the possibility of publishing your 3rd book regarding lifestyle? (based on your Twitter poll).
Thank you WSP,
August 13, 2018 at 8:19 pm
We are doing around 40% cash, 30% equities, 25% real estate and 5% crypto and other. This is only for cash that we don’t need (would be sitting around). So heavily into cash for now.
For the second one, we are considering it. If we do we’ll announce it via email and twitter as usual, just jammed timing wise.
August 13, 2018 at 8:16 pm
Want to know my market “cold”.
So far I’ve dug into product reviews, product review videos by “customers”, infomercials related to product, online forums and blogs/websites potential prospects would read to solve proble.
What are the best resources you’d recommend to 1) identify your exact demographic and 2) know them, their story, hopes and dreams inside and out?
August 13, 2018 at 8:21 pm
You should be pretty good there.
After that you can pay for data analytics to narrow down further, but if you already know their biggest fear then you’re ready to sell!
Also going to events related to the product you’re trying to sell is probably the most important, we would never start anything without attending at least 2-3 conventions.
Fadi Miro says
August 13, 2018 at 9:18 pm
Hi wsps, you guys changed my life with both books and I am at a critical point of starting a bussines in my career field, however its extremely hard to get in as a new company by myself since it takes about a year to get needed permits per client [there are 4 of them] and 1 million+, as a shortcut I am considering partnership or subcontracting with a synergistic company, which would increase both of our work volume and leverage to demand higher prices for the convenience of being a one stop shop, however my side of the operation has higher margins.
What do you guys recommend:
-A: partner up with for 50% equity in a pre-existing multi million company [instant net worth boost]
B: subcontract under same company for a profit split of my company’s work but keep 100% equity in my company.
Keep up the great work Gents
August 13, 2018 at 9:20 pm
If you are not financially independent then do option A no question. Get some you there faster and will be something you may regret but better than missing out on the windfall.
If already rich and nothing to lose (have time) then go option B.
August 13, 2018 at 9:22 pm
Thank you for your insight, Much appreciated.
August 13, 2018 at 9:21 pm
What is your long-term outlook on the Insurance industry?
Decent normie job to pay the bills while creating other streams of income, or soon to be fully automated like accounting?
August 13, 2018 at 9:28 pm
Decent for 10 years but likely automated since insurance is also just based on formulas related to risk
Hill Country Trader says
August 13, 2018 at 9:23 pm
What’s a good natural way to prevent heartburn during workouts?
Diet is organic foods, 70/30 keto.
August 13, 2018 at 9:27 pm
Probably an issue with blood flow due to sitting all day (a guess).
This means, don’t eat before working out. Drink a ginger shot. Then jog 5 mins or bike before workout.
The Guys Get Shirts says
August 13, 2018 at 9:31 pm
I know you already talked about paid traffic channels earlier in this Q&A, but do you have any experience with sending to a cold email list, and if so, any advice on how to best utilize a targeted list in a specific niche that you’re trying to market to?
August 13, 2018 at 10:01 pm
If you have a list use your usual market letter and the specific offer. This is the best way to just get easy conversions. This is also why hackers try to get website info (customer data).
Nothing special to do, send the sales script direct and see what converts and what doesn’t. We all know you don’t want them to sit idle by so figure out what you want to sell and get to it immediately.
August 13, 2018 at 9:35 pm
Last question may not have posted (if it did pls ignore).
Any specific plays for e-sports – listed stocks and/or business opportunities. Listed stocks have option value fully baked in now?
PS Please do hard copies of your books as prefer that for gifts – want to get the word out!
August 13, 2018 at 10:00 pm
It is in the book, there are no pure plays just buy the IP.
August 13, 2018 at 9:39 pm
How do you think Ethereum, and crypto in general, will perform over the next year? The ongoing crash is brutal.
August 13, 2018 at 9:59 pm
Typically takes 2 years from trough to next recovery, so that would place it at 2020 august as recovery. This means 2019 = nothing again
What’s your meaning and purpose?
August 13, 2018 at 10:03 pm
Nothing. Just have a good time, don’t screw anyone that doesn’t screw you over and have the time of your life!
Oh and never risk what you worked for (asset protection).
If you want to find the meaning in life there are many broke guys out there searching for it in the Forrest somewhere.
August 14, 2018 at 6:49 pm
What about succesful artists?
August 14, 2018 at 9:36 pm
You know what, this comment lifted a huge mental barrier off my shoulders, even Kubrick regarded movie making as just a job.
August 13, 2018 at 10:05 pm
Currently I’m a copywriter freelancer on Fiverr/Upwork. As I’m getting more experience I want to create my own site to sell my services there (dont want a 20% commission on me) as a consulting services.
A) Use my real name/face on website and url with loss of privacy.
B) Create a fantasy name -like artists do- with a cartoonish pic of me or just faceless consulting services.
Do you think B will hinder my sales that much?
Will definitely hinder your sales but not sure what the goal is. If you just want to survive anonymous is easy in that market. If you want to make a real biz, have to go public
August 13, 2018 at 10:08 pm
What is your take on the wholesaling business in the financial services industry (selling mutual funds, ETFs etc). Is that a worthwhile industry to get into?
Also was curious what your take was on product management within the tech industry if you wouldn’t mind answering
August 13, 2018 at 10:44 pm
Nah not worth it in secular decline. As stated in efficiency stick with the same markets we recommend. If anything things are a tad worse than we predicted.
The second one is a more legit route but will last maybe 10 years max (high pay) since MBAs always go in just before it dies.
August 13, 2018 at 10:11 pm
Any thoughts on AdCombo?
August 13, 2018 at 10:45 pm
Unfortunately never used it and don’t know what it is so cannot say positive or negative
August 13, 2018 at 10:23 pm
My business is more like a high paying job that I can work on whenever I want versus something very passive.
I’m not building a real brand and it’s not sellable so I won’t have an event later. There is scale and leverage just hard to remove me from the picture and that is limiting.
Do you think it’s better to
1. Keep working on current biz (6-8k/month average) and keep focus at 100%
2. Start an actual brand while do the minimum to maintain original biz
I can only work part-time on side hustle so hours are limited
August 13, 2018 at 10:48 pm
Again… what is the goal.
Since you asked we’re guessing you want to have an event and get rich, in that case option 2.
August 14, 2018 at 10:37 am
Goal is financial independence which is 25x expenses.
Both will get me there… I’m getting older now, trying to decide the most efficient way to proceed.
August 14, 2018 at 12:19 pm
Then naturally go with the lower risk one if not there yet and older.
Risk aversion is more legit the older you are
August 13, 2018 at 10:33 pm
Situation is that I’m average when it comes to personal finance. Currently, 40K in debt with 3/4 Student loans + Rest is Car. Working as SDR in Software company (75K OTE).
Should I be focusing 100% paying loans completely to be debt free or continue doing affiliate marketing (been doing it for 3 mos) + debt snowball method?
August 13, 2018 at 10:49 pm
It’s a small amount of debt, so we would pay it off asap so you can lever up when you need money for a biz. But there is no real answer here, up to you
August 13, 2018 at 10:43 pm
Whats your general outlook or belief system toward isolation that comes from working from home that let’s you not feel lonely or go absolutely crazy?
We have never had this issue so can’t comment.
August 14, 2018 at 3:46 am
Wework or similar coworking offices are a good option. The monthly cost of an office membership keeps out the homeless bums and annoying women that you find infesting your local Starbucks. You will also be surprised at the high level contacts you can create there.
August 14, 2018 at 12:03 am
Don’t have my transaction IDs but bought both books and long time reader. I have health and fitness set except for mobility/stretching. I’ve been able to gain strength but find it very hard to keep fluid mobility as I age (only 30). I found monthly sports massages help, but was wondering what the best daily routine is? What’s the best way to stay flexible and mobile?
August 14, 2018 at 1:29 am
Sure we recognize the name.
Simple: hot yoga. Massages. Stretching daily.
Hot yoga is probably the best.
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