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NOTABLE! Going "All In"

Discussion in 'The Unscripted Entrepreneurial Mind' started by 458, Apr 20, 2016.

  1. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    This is a general announcement for all you little girls with your toe in the water..

    Go all in.

    Not in an hour, not next week, not after you finish talking to some broad your trying to screw. Lets talk about something important.

    Go all in. What does all in mean? That means no plan b, willing to lose every cent you have in front of everyone you know. Worked for me.. Will it work for you? I don't know but you'll be dead soon so no need to worry.

    Cheers
     
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  2. AgainstAllOdds
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    AgainstAllOdds Legendary Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    I understand your point, however, this form of thinking can be dangerous for most people on this forum.

    This thinking ignores that wealth creation is a process, and focuses on forcing a desired outcome.

    Going all in has its place. But it has its place when you're in full control of your destiny. That can mean having the experience, knowledge, resources, or even confidence necessary to attain success. If you have that, then going all in makes sense. If you don't, then forcing an outcome is dangerous, and likely to result in disappointment and eventual failure.
     
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  3. Empires
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    Empires Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass Summit Attendee

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    That is the truth right there. Everybody's situation is different.

    I have been all in since January because I was in a position to do that, with full control of my destiny. And for me it has been a great decision.

    But I am 20 years old, living at home, with a good amount of savings to live off of and fund my business. That could be dangerous for others.

    Go as all in as you can, but there is a difference between a risky decision and a stupid decision. Whats risky for me might be stupid for you.
     
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  4. Brian C.
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    Brian C. Rolling Thunder Read Millionaire Fastlane Speedway Pass

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    "Know when to go all-in"
     
  5. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    When did I say it wasn't a process? The first step is usually the hardest and the one most people never take.

    As expected everyone has an excuse about how they can't go all in, which is fine. But don't lie to yourself by thinking it will all come together eventually. The time is now.

    Growth is scary and dangerous, doesn't matter who you are and the faster you get used to being uncomfortable the better off you'll be.
     
  6. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Oh yeah? How's that working out for you? Has your super special perfect time come along yet?
     
  7. AndrewNC
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    AndrewNC Limitless Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    I had the same exact reply a couple of months before I went all in. One of the senior members posted on the forum saying something similar back in 2014...it is irresponsible advice.

    Then I went all in, in June 2014, and quit my job:
    • The next week my car broke down with $1,000 worth of repairs.
    • Within 6 months, my business crashed and when I visited my family for Christmas, I had no income to move out so I was stuck back at square 1 all over again.
    • Fixed the business 30 days later, did some more traveling, and working on my business full time with no job in 2015.
    • Later that year the business crashed again, left me in 5 figures of debt, the stress got the best of me, and by following @458 's type of advice left me broke...in debt....full of stress to the point where I started having heart palpitations 94 miles in the middle of the wilderness in montana, on the verge of death, with no signal on my phone to call 911.
    Before I took that leap and went all in - I said the advice I Was given was irresponsible and I had no clue where it would lead me...

    Then I listened, and all of THAT happened...but do you wan't to know the most interesting part?

    Going all in was the best decision I made in my entire life...
     
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  8. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Pay price to action. You must pay the Piper to enter and he's a tough son of a bitch. Thanks for your comment!
     
  9. AndrewNC
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    AndrewNC Limitless Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    ^we should totally refine this and turn it into a meme....

    Show a man swimming through a pit of alligators, only to get to the sunny field on the other side, get picked up by the devil himself, dragged through the fires of hell...only to get initiated to success on the other side....

    That would probably go viral with the people out there who have been through it too haha
     
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  10. Brian C.
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    Don't take my opinion personally @458 you appear mentally tougher than that. There's nothing better than sitting at the table of life and playing hands. I have won some; I have lost some, probably more of the latter. As @AndrewNC shared, knowing you went all-in is a remarkable feeling/emotion. You stepped up to the plate, and left it all on the table - for better or worse. You can sleep at night knowing that.

    I've always revered the champion poker player who knows how to play his hands - who knows when to put it all on the table. He/she may go all-in several times or not at all, but the moves are calculated with rationality and a bit of irrationality (emotion/gut feeling). The champion knows when to take his shots, he's not just going all-in on every hand that is dealt.

    In terms of my answer to your response: "knowing when to go all-in" has made all the difference. I graduated college and didn't apply for jobs. People around me thought I was crazy, including myself at times, but I went all-in. I began a career in entrepreneurship because I saw the rationality behind my concepts and had the irrationality, lol maybe even insanity, to chase after them - to go all-in as you put it.

    It's just my opinion and it is not necessarily correct, nor applicable unanimously to everyone on this forum. Just like my opinion that the Ferrari 458 is the best production Ferrari currently. You don't always have to go all-in, but if you tell yourself that you're going all-in, you better damn well be going all-in.
     
  11. Captain Jack
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    Captain Jack Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass Summit Attendee

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    There's more than one way to skin a cat.
     
  12. Sovereign
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    Sovereign Spinning wheels in place Read Millionaire Fastlane FASTLANE INSIDER

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    Whenever i say something like that i'm accused of bravado...
    Or of being foolish.

    But why foolish? Honestly, once you learn that money can be earned (and how) you know you can always get it back if you lose it this time around.


    P.S.: bravado didn't always have a negative meaning...
     
  13. Oztrepreneur
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    Oztrepreneur Bronze Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Serious question....has it worked out well for you?
     
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  14. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    I'm all-in as a dad. ;)


    In all seriousness, I prefer to think of committing rather than going all-in when it comes to my business.

    What I AM working towards is going all-in on my main strength. Delegating and outsourcing what isn't my strength. This is a work in progress, mostly because I'm still working out what my main strength is (by doing not navel gazing I might add).
     
  15. AgainstAllOdds
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    I don't mean to make this personal, but I do 100% believe that this way of thinking without being prepared to go all in can be extremely damaging.

    95% of businesses fail.

    And that failure rate can be strongly attributed to a lack of preparation. A lack of having what's needed before going all in.

    Take your own post for example:

    [​IMG]

    You said you went all in, and that it worked out. It might have. And I hope it did.

    But are you really better off than you would have been if you waited to take the plunge? Or is this a case of cognitive dissonance:

    [​IMG]

    You mention in your post that you were hit with $1,000 in unexpected expenses. My guess is that you wouldn't have posted that unless that $1,000 hit was significant. And I bet it was.

    But should it really have been?

    Or should you have waited another 3 months, lived frugally, saved up $10,000, and then took the plunge?


    Don't get me wrong. Going all in makes sense. But it makes sense at the right time.

    Personally, I failed on 4 different businesses in the past 3 years! I succeeded on the 5th, and have gone all in since.

    However, what would have happened if I went all in on any of the previous ventures before I was ready?

    Here's what:

    I would've been broke. And I would've had to start back from step one. I wouldn't be where I am right now. Business #2 - Failure, Business #3 - Failure, Business #4 - Failure, Business #5 - Success ... none of that would've happened. And trust me, these weren't just some "maybe it'll work ideas". These were all businesses that I 100% believed in, and put 100% effort towards. If I didn't believe in them, then I wouldn't have started them.

    Going all in makes sense. But it sure as hell doesn't make sense if you don't have a promising plan of how you're going to get to the promiseland -- other than a biased self-belief.
     
    Last edited: Apr 21, 2016
  16. Cyriex
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    Cyriex Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Hahaha. I like you. @Ubermensch we should invite him to the call. Nobody here does any favors sugercoating reality for others. I've read some asinine ideas on this forum being executed with thousands dollars these guys don't have. Things which have little market and and a plethora of free alternatives. You go in without knowing your market, knowing your customer, and having your marketing down cold, you'll definitely fail. To go "all in" carries with it that you're a capable individual.
     
    Last edited: Apr 21, 2016
  17. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    95% of businesses fail because they were started by people that didn't go all in. If it's make it or camillus house, you'll find a way..

    PS. It's 5am, I hope your awake going all in!
     
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  18. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Read the first post.
     
  19. 458
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    458 Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Here's a real life example for you guys on how going all in has continued to work for me.

    About a month ago I went all in on ticker DFS discover financial. I allocated 40% of my portfolio to this investment, a big no no in the conventional investment community that says to be smart you need to diversify.

    Yesterday the company rose 8% and the day before 2%, that's 10% in 24 hours. And it's because I went all in. And alittle bit of KNAWLEDGE.

    And for the curious out there, the other 60% of my portfolio is in WAB and PSX.

     
    Last edited: Apr 21, 2016
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  20. Ubermensch
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    @Thiago Machado Check out this thread. Lots of good nuggets for conversation.

    95% of people are stupid, so your math seems spot on.

    Forget sticking a toe in; dive in with the sharks.

    I've been all-in since I dropped out of college at 16, and started sales a bit later in life.

    For some of that time period, I was homeless. For some of it, I lived with my grandparents.

    Then I started winning.
     
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  21. AndrewNC
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    AndrewNC Limitless Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    Going all in is like one of those rights of passage in tribal days. When a boy reaches a certain age- he is thrown in the wilderness on his own - he is either forced to survive for months or he dies.

    If he survives, he returns to the tribe as a man who has what it takes to survive on his own. Self reliance.

    If he doesnt, then he dies.
     
  22. Tom.V
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    Eh, it's a mixed bag for me. I've gone all in before, funding my own project with my own capital, utilizing my own resources, with my own time. Ended up crashing and burning with some debt and no income. Failing hard can be debilitating for some time, particularly once that crippling depression starts putting that stranglehold on you. But, what doesn't kill you makes you stronger right?

    Nowadays, I play my hand a bit differently. I can go all in, but it wouldn't make sense at this point in any scenario simply because the risks outweigh the rewards. In a few months? Maybe. But not right now. So really, it is situation dependent. I'm completely self-sufficient financially, so no need for unnecessary risk when I have almost 95% of my time to work with as I see fit. It really makes getting creative with resource allocation easier.

    I'll be blunt, some people aren't built mentally for going all in and facing the harsh realities of failure. It can be damaging, but really to each their own. Enter at your own risk, you may not be the same after go down this path. Some for the better, some for the worse.
     
  23. Ubermensch
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    You either die, or return as a King.
     
  24. Andy Black
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    It's nature for us to want to make our own way when we grow up, to prove ourselves to ourselves, to others, and to a potential partner.

    It happens in the animal kingdom, and it happens amongst us too.

    When a young man survives all the crazy attention seeking things he is compelled to do, and finally becomes the leader of his own little tribe, then his role changes.

    I am the leader of my own tribe.

    I do what I have to do to keep a roof over our heads and food on our table.

    I don't compete with others, I lend them a helping hand.

    I don't strive for attention, I gift attention.

    I strive every day to be the man I wish my sons grow up to be.

    That's my all-in now.
     
  25. blueoceanblues
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    ALL IN

    When I saw the thread title, that was enough. I already know what I have to do.

    To go ALL IN...often it's not a NEW thing that you need to do. Rather it's something deep down inside that you've been procrastinating on or avoiding.

    You'll recognize it; that half-measure you've taken, that wavering commitment to your clients, your ideas, your process or your habits.

    All you need to do is feel the intent behind the words ALL IN, and it all becomes clear.

    You can't fool yourself. You know if you're all in or not.
     
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