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Thread: Quit Asking for Advice If You Ain't Doing Shit With It

  1. #21
    socaldude is offline
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    Quote Originally Posted by Skys View Post
    Socal,

    asking somebody for advice is a form of determination. You might decide you don't know it all, and you might realise you do need some feedback on your path. You talk about Warren Buffet not asking for investment advice, but you are wrong. In several interviews Buffets mentions one of his most important mentors: Ben Graham. He might not ask for advice any longer, but he sure did starting out. He also started reading about investing at a very young age. Reading is a form of getting advice too.

    You can ask somebody the right direction, because chances are what you are trying to accomplish, is already done. It's probably done a lot. You have to make your own decisions, build your own life and do the things that needs to be done. You can try to reinvent the wheel, or you can learn from other peoples expierences.

    There is a difference between the people that want to be spoonfed and the people that are on their path seeking advice to get to their goals. It's for them to show they are the real deal.
    I didn't say that asking for advice is wrong. I said you should only do that if you did YOUR best. I'm talking about developing a mind set of self determination that is needed to build something that most people don't build.

    somebody who emails mj asking "how do i file an lcc paperwork" or "is this fastlane" is NOT doing their best.
    "It's not what happens to you that matters, but how you react to it that matters"-Epictetus

  2. #22
    Skys is offline
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    I agreed with everything until you said this:

    This why warren buffett and steve jobs are rich. Warren doesn't ask for investment advice from other investors because he self thinks. Jobs doesn't do that either because he THINKS DIFFERENT.
    My point is that Buffet did ask for advice and he used that advice.

    Thinking on your own might be pretty dumb if you got it all wrong

  3. #23
    socaldude is offline
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    Quote Originally Posted by Skys View Post
    My point is that Buffet did ask for advice and he used that advice.

    Thinking on your own might be pretty dumb if you got it all wrong
    Your saying X=mentorship/guidance/influence, so in that case X=Success.

    I agree every successful person has had somebody influential in their success, a mentor, a self help author you name it.

    But i'm saying thats just one of MANY variables. And one of the other VERY important variables is being able to act/think on your own initiative. I'm saying success is X+V+Y+G+J+K=Success.

    Somebody who comes on this forum asking for advice that can be known by just reading a book or a simple google search or by just thinking is obviously not fit for the Fastlane.
    "It's not what happens to you that matters, but how you react to it that matters"-Epictetus

  4. #24
    MJ DeMarco is online now
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    Quote Originally Posted by socaldude View Post
    somebody who emails mj asking "how do i file an lcc paperwork" or "is this fastlane" is NOT doing their best.
    Agreed.

    Quote Originally Posted by Skys View Post
    My point is that Buffet did ask for advice and he used that advice.
    And what do you think the Buffet's advice inquiry sounded like?

    Something general like, "How do I invest?" (Read: Is this Fastlane? How do I find ideas? How do I learn computers?)

    or something a little more specific, indicative of his ability to gather preliminary knowledge and do a little due diligence?

    Example...

    How do I invest in stock options? (Translation: "Give me A+B+C = I want to be rich")

    VS

    How does the risk profile change of a high-gamma option as it nears expiration? Does volatility come into play? How much risk is there in my portfolio being -300 delta and what's the best way to neutralize it?? (Translation: "I've started my knowledge journey... but confused on this...")
    wade1mil likes this.

  5. #25
    MJ DeMarco is online now
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    Quote Originally Posted by PatrickP View Post
    I hope you are saving them so if you do a follow up book you can let them know.
    Yes.

    Quote Originally Posted by snowbank View Post
    if you could go back in time, would you still put it in?
    Yes.

    I enjoy hearing from readers ... unfortunately, some of them think I have some sort of crystal ball and can make their life decisions for them and "I enjoyed your book" turns into "What do I do?" Many sound very impressive, while others, are just too comfortable with their life to really make any changes (I have a great job that I hate but don't want to take the risk to leave it) and are destined to choose the illusion of security over the reality of happiness.

  6. #26
    MikeMillionaire is offline
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    Mj I did this to you and I apologize .
    I don't know what I was thinking and any answer you gave wouldn't change things anyway .

    It's MY business

  7. #27
    Vigilante is offline
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    Mike... awesome post. Shows that you are headed towards the Fastlane. Speed+

  8. #28
    MJ DeMarco is online now
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    Quote Originally Posted by Vigilante View Post
    Mike... awesome post. Shows that you are headed towards the Fastlane. Speed+

  9. #29
    hedgehog757 is offline
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    Quote Originally Posted by MJDeMarco View Post
    I never actually thought of emailing MJ directly other than to maybe say I love the book. But I just figured he would have so many emails he would either never see it or not reply.

    But one thing I knew was that he could not make me rich by my emailing him. He can't make my life decisions for me. Life is never that easy or we would all be rich. So I joined the forum and started looking here for advice and what and how people are doing. The Progress Threads are great! Those are more helpful than you think for people who are looking to do their own thing.

    It's not too hard to form an LLC. You can talk to a lawyer or use a website like LegalZoom if you want. All depends what you are looking to do. When I created mine for the business I have, I used a lawyer. But I didn't know of any other way to do it back then.

    But as we all know...Only YOU can make things happen for yourself!

  10. #30
    Skys is offline
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    Quote Originally Posted by MJDeMarco View Post
    Agreed.



    And what do you think the Buffet's advice inquiry sounded like?

    Something general like, "How do I invest?" (Read: Is this Fastlane? How do I find ideas? How do I learn computers?)

    or something a little more specific, indicative of his ability to gather preliminary knowledge and do a little due diligence?

    Example...

    How do I invest in stock options? (Translation: "Give me A+B+C = I want to be rich")

    VS

    How does the risk profile change of a high-gamma option as it nears expiration? Does volatility come into play? How much risk is there in my portfolio being -300 delta and what's the best way to neutralize it?? (Translation: "I've started my knowledge journey... but confused on this...")
    Like I said on page 1, maybe you missed that: It's very important that you ask the right questions.

    Your saying X=mentorship/guidance/influence, so in that case X=Success.
    No. I m not saying that.

  11. Speed Up Your Fastlane Process! MJ Recommends The Following Books...

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