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Random Chat, Thoughts, Posts, and/or Rants Thread

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Am I an enterprise if I work with an editor (sometimes a few), a graphic designer, an ebook formatter, etc.? All work on a per project basis. I'm not responsible for managing them. I give them a task and they deliver it when it's done. I don't think it's the same as hiring regular employees.
It's not the same, and it is more of a sliding scale than an on/off switch.

3 people you work with once during the project? Nah not really
 
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Lex DeVille

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Am I an enterprise if I work with an editor (sometimes a few), a graphic designer, an ebook formatter, etc.? All work on a per project basis. I'm not responsible for managing them. I give them a task and they deliver it when it's done. I don't think it's the same as hiring regular employees.

That was the point I was getting at. I'm not sure I need employees to grow a supermassive business. But I do think freelancers who can pop in and handle specific tasks are essential at a minimum. Definitely can't do it by myself.
 

Antifragile

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There is a big - Grand Canyon Big - difference between hating on employees AND not wanting to be one.

  • If you think that someone who's an employee is "an idiot working for the man" - you are short sited.
  • If you think "I don't like working for others" - you are likely on a forum like this one and doing something about it!
  • If you think "To grow an empire, I need capital and employees" you are doing this not just for the money but to build something bigger.

Yes, @MTF can make more money with a team, by not being a solopreneur. But from what I read, that's not his desire or priority. Why do something that doesn't fit with your priorities? Don't.

My priority is my family. When choices come between my business and family - you know what I'll do. And my family is what drives me to grow my business. Unlike some fathers who are always away, I am different, we go for walks, we play together, I am around a lot. As Covey said "its the quantity of time with family and quality of time with business".

Business is my servant. It is there to: earn me money when I sleep, give me time to spend with my family. Employees and capital help me with that goal. But that's not the only way of doing it. Technology helped create other avenues to earn money without having to do 9-5.

I can't imagine being "retired" as it means nothing to me. What am I going to do? Golf? I can do that now and I don't. I think I will want to run an enterprise, too see if I am good enough to build an empire. It will be more than just money at that time. With that as my goal, I am making small steps today in that direction, making mistakes and learning. I don't believe you can build an empire without employees, even with AI @Lex DeVille You can build a business that's highly profitable, but not what @Kak described in his last episode on Jimmy Pattison. That guy has an empire. He's a billionaire for a reason.

In short, to each their own, but don't look down on employees (or any people). When you do, it's not them - it's you. It's your insecurity speaking and it'll hold you back.

There is something deeply attractive about a supremely calm and confident person, someone who doesn't need to judge you to feel good about himself. Someone who derives more pleasure in getting to know you, no matter your background or employment status. Such people have a "presence" when they walk in a room. They make great leaders.
 
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As Covey said "its the quantity of time with family and quality of time with business".
What a fabulous line.

Last weekend a friend said the best piece of advice his dad gave him when he’d become a father was to spend time with his kids. Time. That’s all they want from us.

I’ve always said I refuse to spend less time with my kids now to spend more time with them later.

I remember watching an Irish dance by the kids in primary school and our then 6 yo coming out shyly with his head down while scanning the crowd. He spotted me watching him and smiled excitedly with his face still hidden.

He immediately stood up straighter and danced through all the routines they’d been practicing for weeks, occasionally throwing me glances and smiling as he caught my eye.

I absolutely dread to think how upset he’d have been if he’d peeked out and couldn’t find me.
 

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There is a big - Grand Canyon Big - difference between hating on employees AND not wanting to be one.

  • If you think that someone who's an employee is "an idiot working for the man" - you are short sited.
  • If you think "I don't like working for others" - you are likely on a forum like this one and doing something about it!
  • If you think "To grow an empire, I need capital and employees" you are doing this not just for the money but to build something bigger.

Yes, @MTF can make more money with a team, by not being a solopreneur. But from what I read, that's not his desire or priority. Why do something that doesn't fit with your priorities? Don't.

100%.

Also, I think that people who have never had "real" jobs might struggle to relate to regular employees. NOT because they hate them but because they've never been one.

Apart from some gigs for a few days when I was a teenager, I've never had any real job so I will never understand what it's like to be a traditional employee. I don't understand company culture, office politics, everyday things all regular employees do. I also don't do well in groups and steer away from any, including subcultures.

This also means that I'll probably never be a great boss, in the same way as a general can't be great if he's never been a regular soldier.
 

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This also means that I'll probably never be a great boss, in the same way as a general can't be great if he's never been a regular soldier.
This seems like a bit of limiting belief to me. Have there ever been great generals who weren't regular soldiers first?

You don't NEED to have been an employee to be a great boss. I bet there's plenty of great bosses who never had a job in their life.

IMO, empathy goes a long way, and most important is a genuine curiosity about people and a desire to help/serve them. But you probably also don't NEED these to be a great boss.

Not saying you should or shouldn't build a team of employees or freelancers. Just pointing out a possible limiting belief.
 
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ElleMg

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LVMH as a whole improved revenues 11% for the first nine months of 2021 as compared to the same period of 2019.

The real winner, however, is LVMH's largest group - Fashion & Leather Goods.

Specifically, the first nine months of 2021 showed 38% revenue growth over 2019 (57% over 2020), which is consistent over the year. Growth in Q1, Q2, and Q3, respectively was up 37%, 40%, and 38%, as compared to the same quarters of 2019.


Reading the first part I thought maybe the increase would be due to increased alcohol consumption, surprised it's from the fashion side of the business
 

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I have a friend that is looking for a website for her YouTube channel.

Does anyone know of something like Podpage for instance that integrates with YouTube as the centerpiece of the site, but allows for other pages about the channel?

Cheap and easy are key here or I would just suggest a custom Wordpress site.
I use Wordpress + Castos to run a podcast, and it works wonders. It doesn't directly integrate with YouTube, but you can link to your YouTube channel and post there as well. She can use Elementor PRO as well for a 100% visual page builder experience.
 

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Does anyone here watch Kevin Paffrath or Graham Stephan on Youtube?

I've always loved their content, but I can't get over the fact that their Youtube earnings are so massive compared to everything else they teach about (particularly real estate).

I mean, they're earning like, low six figures from real estate, which they teach about, but their Youtube Videos make them $5-6 million per year.

Are they not the real deal after all?
Here's how I look at it:

Let's say I limit myself to personally serving 10 consulting clients. There's an obvious revenue ceiling with that model.

I could scale to more clients by building an agency and hiring employees/freelancers to do the consulting work.

Say instead I create a YouTube channel showing people how to do the consulting work for their own business, and that YouTube channel (and accompanying courses?) ends up bringing more revenue than my consulting business.

Does the content suddenly become less valuable if my "training" revenue ends up bigger than my "consulting" revenue?


Some other observations:

1) We have the saying about teaching a man to fish being better than giving him a fish, yet many mock those who teach a man to fish. (Not saying you're doing that @thechosen1 ... it's just a general observation.)

2) People trot out "Those who can do, and those who can't teach." WTF is that about? Have those people ever tried teaching? Teaching can be HARD. Some people are gifted at teaching, and some have a calling.

Giving Maths grinds drains me. Every year I say I'll never do it again because of how tiring it is. But I'm starting with a new student tonight. The difference it can make in her life is worth that 45 minutes a week from me. I don't even charge for it... the satisfaction is seeing someone go from "I can't do Maths" to "Oh, I can actually do this". Done right this changes their confidence in everything they do going forward.
 
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ElleMg

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'We've been told a misleading story, we live our lives according to the wrong script and rather than question the script we think there must be something wrong with us biologically'.


Interestingly in the study Johann Hari talks about, when people focus on 'trying to make themselves happier' in countries they were unsuccessful in cultures where people focused on themselves e.g. buying things, trying to get a promotion, etc. whilst countries that focus on others to make themselves happier such as helping friends, family or their community were able to make themselves happier.

Joe Rogan took the layman's approach that it's very strange to focus on making other's happy to make yourself happy, but I think that's probably a common result of our selfish society's script. He argues that people want success in order to be happy, but of course those of us here know that in order to have success you *have* to provide value to others - focus on other's happiness/fulfilment.
 

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Building a business, but pigeonholing yourself into some artificial, made up, mental block that “eMplOyeeS arE hArD wOrK, sO i DonT wAnT anY” doesn’t do an entrepreneur any favors. Yeah, employees are sometimes hard work, but they also DO hard work that you wouldn’t otherwise be able or want to do. In the long run, which is what everyone should consider, employees actually make your life a hell of a lot easier, rather than harder.
Well, neither does the opposite advice do an entrepreneur any favors. It's context dependent. Sometimes you'll make more in specific industries/niches as a solopreneur than having employees when it comes to bottom line profit.

I am contemplating the move myself, closing down 2 companies, keeping one to run any left over work, and another for myself. This year all my costs went up by 19% due to a tax increase. My profit margin halved. Is it worth continuing to run an agency for my clients, or is it better that I get them to hire reliable people (whom I already know) while I am simply their highly paid profit engineer?

To illustrate... would you rather make $500,000 revenue and $100,000 profit, or $150,000 revenue and $120,000 profit with a whole lot less work to boot AND less risk? As an agency owner, I always get paid last. This year, for example, I already have $19,000 that has not been paid to me, that I must go to court for. And guess what, this $19,000 is the juiciest bit, it's pure profit. Everyone but me involved already got paid, since I can't let my people down... I pay them out of my pocket if I must. Sure by the time I recover this $19,000, it will probably be double or triple that due to delay penalties that the court will give, BUT it's a hassle, and it will take awhile.

That's why this is context dependent. Some industries/businesses may not have the margins required to sustain employees very well. Why do some people still run businesses in those industries? Because they don't have any other skills. If you have a hair saloon, and that hair saloon takes all your time but makes you 100K/year profit, then you're not likely to give it away if there's no other, easier way for you to earn $100K. A lot of business owners don't really have great skills, and would struggle to do anything but run the business they're running.

It's the same thing for myself. If I was a bozo and all I could do was manage the guys in my agency, but could do nothing myself, then I'd have no choice in the matter even with half the profits.

So yeah, sure, I agree with your take that to build a billion dollar business you'll need employees. But apart from employees you'll also need the right business model where your margins are fat enough to easily afford it without a significant dent in your profit.

Edit: I also have the opposite example. I know some guys who buy the only authorized medical device of its kind in the EU and their gross margin is 36x COGS. 36x!! Can you imagine? With that kind of profit margin, they can hire 100 people to do nothing all day long and still turn a profit :rofl:

Also, I think that people who have never had "real" jobs might struggle to relate to regular employees. NOT because they hate them but because they've never been one.

Apart from some gigs for a few days when I was a teenager, I've never had any real job so I will never understand what it's like to be a traditional employee. I don't understand company culture, office politics, everyday things all regular employees do. I also don't do well in groups and steer away from any, including subcultures.

This also means that I'll probably never be a great boss, in the same way as a general can't be great if he's never been a regular soldier.
I've never had a job either. But I've managed people both in person, and remote teams successfully. Don't let that hold you back. To get to the point of "company culture" and so on, you need significant capital. If you can obtain a $1M contract from the government for example, it's not hard to build a team, because you have excess capital. If you have anything less than 10 remote employees or 3-4 physical employees, it's unlikely to matter very much. This stuff is mostly for big business.
 
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Kak

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Well, neither does the opposite advice do an entrepreneur any favors. It's context dependent. Sometimes you'll make more in specific industries/niches as a solopreneur than having employees when it comes to bottom line profit.

I am contemplating the move myself, closing down 2 companies, keeping one to run any left over work, and another for myself. This year all my costs went up by 19% due to a tax increase. My profit margin halved. Is it worth continuing to run an agency for my clients, or is it better that I get them to hire reliable people (whom I already know) while I am simply their highly paid profit engineer?

To illustrate... would you rather make $500,000 revenue and $100,000 profit, or $150,000 revenue and $120,000 profit with a whole lot less work to boot AND less risk? As an agency owner, I always get paid last. This year, for example, I already have $19,000 that has not been paid to me, that I must go to court for. And guess what, this $19,000 is the juiciest bit, it's pure profit. Everyone but me involved already got paid, since I can't let my people down... I pay them out of my pocket if I must. Sure by the time I recover this $19,000, it will probably be double or triple that due to delay penalties that the court will give, BUT it's a hassle, and it will take awhile.

That's why this is context dependent. Some industries/businesses may not have the margins required to sustain employees very well. Why do some people still run businesses in those industries? Because they don't have any other skills. If you have a hair saloon, and that hair saloon takes all your time but makes you 100K/year profit, then you're not likely to give it away if there's no other, easier way for you to earn $100K. A lot of business owners don't really have great skills, and would struggle to do anything but run the business they're running.

It's the same thing for myself. If I was a bozo and all I could do was manage the guys in my agency, but could do nothing myself, then I'd have no choice in the matter even with half the profits.

So yeah, sure, I agree with your take that to build a billion dollar business you'll need employees. But apart from employees you'll also need the right business model where your margins are fat enough to easily afford it without a significant dent in your profit.

Edit: I also have the opposite example. I know some guys who buy the only authorized medical device of its kind in the EU and their gross margin is 36x COGS. 36x!! Can you imagine? With that kind of profit margin, they can hire 100 people to do nothing all day long and still turn a profit :rofl:


I've never had a job either. But I've managed people both in person, and remote teams successfully. Don't let that hold you back. To get to the point of "company culture" and so on, you need significant capital. If you can obtain a $1M contract from the government for example, it's not hard to build a team, because you have excess capital. If you have anything less than 10 remote employees or 3-4 physical employees, it's unlikely to matter very much. This stuff is mostly for big business.
My point wasn’t, to clarify, having employees for the sake of having employees. That’s as stupid as not having them for the sake of not having them.

The point was having the mindset that “employees are hard so I never want any” is a restrictive and damaging mindset to carry into entrepreneurship and it is a more commonly accepted viewpoint than it should be.

We all have 24 hours in a day. Some people will take this to the extreme and find themselves labeling boxes, bookkeeping, paying bills, running social media, advertising, inventory planning, shipping, processing… Wearing all of these hats and not giving a single moment to being the CEO. Why do I know this? Because I’ve been there.

Today, I could move hundreds of train cars a month worth of chemicals and to me, it is just numbers on a purchase order. I couldn’t physically manufacture, load, deliver, or coordinate an order like this without scale beyond just me and my efforts.

Give the business what it needs, not what you want to give it rooted in a pile of limiting beliefs.

Now it sounds like your business could benefit from downsizing… It may help in the short run, but revenue is valuable beyond just the profits that come out the other side. Revenue is a great measure of influence over your market. A lot of times you can grow into the higher revenue model and make changes that FAR more easily expand your profits. Just something to consider.

The fact remains, leverage and scale are achieved through making your business bigger than just you. Wanting to put an artificial barrier there where your business can’t grow operationally beyond a certain level is not a helpful thing. It makes me sad to see entrepreneurs relegating themselves to a small business when they should be open to anything that’s possible.

More value, more scale, faster growth, more production, more sales, ultimately mean more wealth for you. How do you transcend your 24 hour day and your mental and physical capacities? You make it about more than just you and your effort.
 
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Antifragile

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Screen Shot 2021-10-13 at 9.40.23 AM.png

Gran Fondo (122km): RBC GranFondo Whistler - 2022

Next race - signed up!!!


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Now I am scared because I haven't raced since 2019. FML, why do I do this to myself?
 

Kak

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View attachment 40344

Gran Fondo (122km): RBC GranFondo Whistler - 2022

Next race - signed up!!!


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.
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Now I am scared because I haven't raced since 2019. FML, why do I do this to myself?
Dude I heard about this thing that really helps bike racers… I think it’s called blood doping or something along those lines. Maybe it’s something to look into. :rofl:
 
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Daniel A

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View attachment 40344

Gran Fondo (122km): RBC GranFondo Whistler - 2022

Next race - signed up!!!


.
.
.
.

Now I am scared because I haven't raced since 2019. FML, why do I do this to myself?

Nice! I'm listening to a podcast with "The World's Best Ultrarunner: Courtney Dauwalter" because I registered for The San Francisco Marathon 2022 yesterday. I'm mentally preparing myself for the big day! I was about to ask if anyone else is signed up for an upcoming marathon on the forum because I only told two of my closest friends and would've preferred to keep it a secret from everyone in my social circle.

After this marathon, I plan not to run much because I want to do lower impact activities like cycling. Maybe I'll sign up for a cycling race like you!

Why do we do things like this? That's a great question. Let me think about it. ;)

View: https://youtu.be/WOtSvYSnzNk
 

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Fox

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Is the world burning?

Or I’m just getting older and noticing things more?

Seems like every day the level of “craziness” reaches a new high.

My everyday life is great but increasingly I can’t go anywhere online without feeling things are seriously going in the wrong direction.

Hard to know how much is media manipulation and how much is a real sign of where things are at.

One half wants to fight back while the other half wants to just go live off the grid and not give AF.

Anyone on a similar vibe this year?
 

GPM

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Anyone here live in Cali?

California law bans small off-road gas engines, including lawnmowers and chainsaws​

 
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Mathuin

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Anyone here live in Cali?

California is a strange place man.

In just two days, California governor signs into law free menstrual products for girls, mandates ethnic studies, requires stores to have gender neutral areas and bans gas-powered lawnmowers​

 

Andy Black

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Is the world burning?

Or I’m just getting older and noticing things more?

Seems like every day the level of “craziness” reaches a new high.

My everyday life is great but increasingly I can’t go anywhere online without feeling things are seriously going in the wrong direction.

Hard to know how much is media manipulation and how much is a real sign of where things are at.

One half wants to fight back while the other half wants to just go live off the grid and not give AF.

Anyone on a similar vibe this year?
I’ve not noticed anything.

Mind you, I mostly just frequent the forum or YouTube. I only duck in and out of Twitter, LinkedIn, and Facebook to post and reply to comments. I don’t read feeds.

I don’t watch the news or read papers either. Seeing the headlines in papers when I walk round shops is enough for me.

Would a social media diet help?
 

Kak

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Fox

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I’ve not noticed anything.

Mind you, I mostly just frequent the forum or YouTube. I only duck in and out of Twitter, LinkedIn, and Facebook to post and reply to comments. I don’t read feeds.

I don’t watch the news or read papers either. Seeing the headlines in papers when I walk round shops is enough for me.

Would a social media diet help?

Im sure a social media diet would cut it out for now - but at what cost later?

That’s a genuine question too.

At what point and in what way is best to fight back against widespread stupidness.

I used to not care about this stuff as much but I just struggle to see how the next generation will be able to enjoy the freedoms we have.
 

WillHurtDontCare

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how the F*ck is it possible to be this retarded?

1634151903681.png

https://www.dailytelegraph.com.au/s...amic-cold-test-noscore&V21spcbehaviour=append
 
G

Guest-5ty5s4

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People say that Robert Kiyosaki's Rich Dad wasn't real.

Apparently, he was real, just inspired by a couple of people for the books. But this is the main guy:


Frankly, I never understood the skepticism. The man never did anything as unbelievable as build an Amazon, or SpaceX. He built a couple hotels and invested in real estate. It's completely reasonable and I personally know several people who have done similar things (maybe not to the same extent).

It's such a silly controversy.
 
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Black_Dragon43

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People say that Robert Kiyosaki's Rich Dad wasn't real.

Apparently, he was real, just inspired by a couple of people for the books. But this is the main guy:


Frankly, I never understood the skepticism. The man never did anything as unbelievable as build an Amazon, or SpaceX. He built a couple hotels and invested in real estate. It's completely reasonable and I personally know several people who have done similar things (maybe not to the same extent).

It's such a silly controversy.
Huh, I was always under the impression that this was Rich Dad:
View: https://m.youtube.com/watch?v=YAqZSwXpWqE
 

GPM

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My wife's gym won't let her in anymore because she has not gOtTeN ThE jAb, and they are still charging her membership fees and want her to pay a fee to cancel. WTF? How is that remotely legal? They change the rules of their contract and then expect you to pay for it.

* I sent them an email regarding this and I got a canned reply that said that their response time IS TWO WEEKS!!!!!!!!!!!!!!!!

Two weeks to answer an email. Two. Weeks. For an email.
 
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Antifragile

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Gyms.
They suck.
I cancelled my membership at the start of covid. Then my gym went out of business. From bankruptcy they were bought by someone. That new group took the old list and started billing! LOL. I was like "WTF?" - called them, took me like an hour to get through. They canceled and set up refund process.
Then my wife gets billed. I called them again, saying our accounts were linked but both of us are gone. They set up to refund the charge.
Next month I get a refund on my credit card, and then a day later a new charge!!

Seriously? Unreal, right? So I called them again and just lost my shit on the poor lady who picked up the phone...

Can't believe the shit some businesses pull and how hard they make it to be a client. I am now thinking of going back, except for the experience I had...
 

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@Antifragile Wow that sucks.

I just about signed up for Muy Thai again, and then all this government nonsense started. I am glad I never did, because it is such a nightmare to navigate.

I ended up talking to the gym on the phone. Nice lady on the phone, just a regular employee though who said they have lost almost all their memberships and the gym might not survive. This same brand of gym had another one of their male/female locations close (this one is ladies only). Yea it sucks I said, but it is due to government heavy hand and nothing else, don't ever forget that.

As shitty as it is, I hope that every business is in the same situation of almost going under. Lets see the people revolt and the government panic when it all goes sideways due to their meddling. We need an overhaul of the system.

I am in Calgary, and BEFORE all this covid stuff we were in dire straights. Our mayor and city counsel was already barely bailing out the ship, and they raised business property tax in some cases of OVER 100% in a single period, most around 40%. Personal property tax up 10% or so. All to fund their ego's and big-government practices. The Canadian war on oil has also had its toll. BEFORE all of the covid our Downtown core was at 25% Vacancy and there were literally ENTIRE skyscrapers 100% empty. 17th avenue, our prime nighttime destination in the city, was at something like 15% of business had gone under. Have we heard a single lick of how things are now? Nope. It would be impossible for things to be better, and our city was absolutely screwed before the government went nuts with this.

The "Great Reset" that our emperor psychopath JT loves to talk about, I hope that it is a reset of the political system. That is what needs a reset. We need to boot everyone to the curb and start over with about half the sized government that we have now.

Once this all ends and I take a road trip to Van, I am taking you out for a beer! That is if Alberta plates are no longer a sign to have your vehicle keyed and vandalized while in the great province of BC. Nothing like governments riling up the citizens to attack each other.
 

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