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  1. Tom H.

    Capital in the 21st Century

    HOT! 
    See, if you understand stuff like "the economic calculation problem", and why the "labor theory of value" is incorrect, you can simply avoid arguing against nonsense like this. The Hazlitt, Rothbard and Bastiat recommendations by @Speed112 are good. An easy introductory read by Rothbard is...
  2. Tom H.

    Capital in the 21st Century

    HOT! 
    Thanks to those who saved me the time watching the video. Not that I would've watched much by the sound of it. I told a friend the other day that he could avoid arguing with people about politics if he would educate himself more deeply. E.g. if you argue about economics and politics then start...
  3. Tom H.

    Could you kill an animal?

    HEALTH 
    I have killed an animal with my bare hands: I pulled the head off of a mouse to try to get my pet snake to eat. And I was a vegan at the time. I was a vegan for about 11 years, in the camp of "I'm either going to kill my own food or stop eating meat". I don't regret it, but now I happily eat...
  4. Tom H.

    Interview Questions to Hire for Character

    PEOPLE 
    Way to many questions in the OP for an Upwork cover letter, especially the ones that are generic Upwork questions you can choose from a drop down (e.g. what are you most excited about), but you could spread these questions or over the course of a conversation in a natural way. I usually ask for...
  5. Tom H.

    A Money System That Is Actually Working For Me

    HOT! 
    Good to see you post @thewalkingtemple I was thinking yesterday to come bump this thread to check on your progress. What are the plans for getting a company started?
  6. Tom H.

    What book are you reading? Right now. Post up!

    NOTABLE! HOT! BOOKS CHAT 
    Don't Shoot The Dog
  7. Tom H.

    Does Being An Influencer Make CENTS?

    SIDE HUSTLE 
    You can control your image and build your audience, but it still feels like a "please pick me!" situation, and depending on what kinds of niche you're in, the barrier to entry doesn't seem very high. I doubt that an absolute pro can treat it like a real operation that they design and control...
  8. Tom H.

    I have $1,000, should I invest? Save? Buy hazmat suit?

    HOT! INVESTING 
    My Life And Work is one of my favorite books, I even have a quote from it tattooed on my leg. I concede the point that taking action is now important than reading, which can become procrastination, fantasy or living vicariously. But books are also an essential part of gaining exposure to new...
  9. Tom H.

    Finding Your Fastlane Project

    I'm just practicing business. Who cares what business I have? The important thing is having entrepreneurial skills. I think of it like writing your first story, your first program, your first song... You gotta knock out some beginner projects and gain some experience. So I would say just find...
  10. Tom H.

    How many of us homeschool our children or plan to?

    OFF-TOPIC 
    Learning social skills in school is like learning social skills in prison.
  11. Tom H.

    How many of us homeschool our children or plan to?

    OFF-TOPIC 
    @Kak congrats on the baby! My son will be one year on April 4th. I've been planning on homeschooling for years, talked about it with my wife many, many times. I'm not sure when we will even start any structured curriculum... My personal lifestyle is pretty rich with education without any...
  12. Tom H.

    Thoughts on Whole Life Insurance as an alternative to banking?

    HOT! INVESTING 
    Your point "C" is one I try to point out to people. When you take a policy loan you don't diminish your principal. I will look at my illustration and try to think about your question regarding cash value appreciation. I believe my illustration is based on the assumption that I max out paid up...
  13. Tom H.

    Figuring Out LinkedIn (Sales, Prospecting, More)

    HOT! EXECUTION 
    I've gotten into LinkedIn a bit over the past year. One of my inspirations was this thread by Andy: HOT TOPIC - 10+ Years IT Contracting at €300-900/day (Learnings). So I'll share my experience and my thoughts about what I'll do in the future. Maybe it's not all completely relevant to "figuring...
  14. Tom H.

    Your best advice

    MINDSET 
    Don't be a pussy.
  15. Tom H.

    Morality and business

    PEOPLE 
    Altruism is a scam. In a free market businesses already succeed only if they serve society. We can't be worried about businesses that lost, those businesses weren't serving society well enough. Criminality is criminality: profit motive is not a justification. Criminal businesses are not...
  16. Tom H.

    Skills over passion?

    MINDSET 
    Read Cal Newport's books oh the topic. I think there must be some element of passion in skill acquisition, I am passionate about programming and I'm a skilled programmer, but it could also be that you become passionate about things after you acquired enough skill to enjoy what you're doing.
  17. Tom H.

    Any of you guys use slack for your businesses?

    Use Slack daily for my day job. My usage consists mainly of clicking "mute notifications until tomorrow" and then finding a bunch of increasingly aggravated messages from co-workers at the end of day as I've ignored all of their attempts to interrupt me.
  18. Tom H.

    How do I stop my addictions?

    MINDSET 
    If it's just bullshit lack of discipline, then stop being a pussy and start acting like a man. If you have legit addictions that are beyond your control and making your life unmanageable, talk with someone in a 12 step fellowship.
  19. Tom H.

    Book Recommendations for Financial Literacy?

    INVESTING 
    Financial Intelligence For Entrepreneurs, I linked to it here: https://www.thefastlaneforum.com/community/threads/recommendations-for-learning-accounting-basics.97937/#post-914934 Also, the book Accounting Made Simple is pretty good for basics like double-entry, GAAP, and standard financial...
  20. Tom H.

    How much does it cost to make an app like Tinder?

    HOT! 
    I would think more in terms of what it will cost to hire a full time staff to build and operate the app. There is zero chance that once a developer builds the first version that you'll be able to just use it after that without technical staff. So then you have to think about calibrating the...
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