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

[oddball]

I had someone tell me that before. When I first emailed him I was just another person wanting to make millions doing the same thing. I took all his advise and put it to use, emailed him back multiple times. Then one night we were going back and forth on FB chat talking about business and everything. At the end of it I think I surprised him in showing I do actually know a little about what I am talking about (more that others but still lots to learn).

 

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[PatrickP]

My email address is listed in my book ... TWICE ... once at the beginning, and again, at the end.

I hope you are saving them so if you do a follow up book you can let them know.

 

[Skys]

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.

 

[socaldude]

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.

 

[hedgehog757]

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!

 

[MJ DeMarco]

Old thread bump, content still holds true...

 

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[stefan]

I think its really hard because like me I need guidance but a quick e-mail or hours/days on google will just not help.
There is only one of you MJ and loads of people needing guidance but you need to live your life. Slowlaners like me are so used to there lives how they are we need a kick up the arse we are not used to the life I can see why your frustrated but also see why we are the way we are so its a bad circle. I refuse to e-mail anyone begging for a quick fix because I know I need to find my own path and I am impatient as I have been wanting for nearly a year to find something to get stuck into and made wordpress sites using pat flynn methods which from I learned a lot and am now studying app programming with Xcode but with a little doubt as so much competition and I know for certain what I am doing and thinking probably thousands more are. We are living in a world where everybody wants now and they even teach entrepreneurship at my local college but I know its a gimmick course that will not lead me to where I want to go.

Just know that everyone is in the chase for resources! I take entrepreneurship courses at a respectable university program but it's not nearly as good as just building your own business.

Building ANYTHING that has a shot of profitability is better than just taking classes IMO

 

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[Roland]

I have not found this thread before and found if very interesting.
It is a shame that so many people send email, PM without really thinking about what this implies in terms of involvement in case of receiving an answer because the few people that really would do somehting out of the advice they are asking for are lost in the middle of all the others.

 

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[bartzawada]

Now this is a quality bump. Not like the relationship trash that was bumped yesterday.

+1. Thanks for a bump. Tons of hidden gold out there. Reading at least 2 hours every day and still finding things like this thread. That's why I think asking "Where can I find a mentor?" is a bit silly when you can find them on this very forum. Read and learn before you start asking.

 

[amp0193]

Thanks for the bump.

Reminded me of some unused advice from a month ago that I need to put into action.

 

[hedgehog757]

Very rarely do I find an article that has me yelling and screaming "Yeah! Yeah! You tell em!" -- I feel as if this was written by me.

Awesome piece by Benny Hsu...

Stop Asking For Advice If You're Just Gonna Waste People's Time

Excerpts...

That article is great!

 

[PatrickP]

Unfortunately, it is fundamentally impossible once you reach a certain volume.

If you have 100 emails asking you for advice and it takes you 10 minutes to provide it, you'll need to allocate 2 days just to follow-up. And after you spend those 2 days answering? Bam. There's another 100 for you to answer.

hmmm now how could you monetize that email list

Maybe you and I form a partnership. You forward me these 100 emails a day and I give you a cut of the profits?


EIDT I was joking above but thought about it a little more Seriously I am not sure where they are getting your email addy from by why not put in an auto responder to a sign up for a newsletter.

Gather the emails and convert them into something for profit. Such as your book, a follow up video etc.

There seems to be a need, you have control over the market as they are coming to YOU, you have info they desire. Seems like the start of something possibly.

 

[Skys]

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

 

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[socaldude]

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.

 

[Vigilante]

Mike... awesome post. Shows that you are headed towards the Fastlane. Speed+

 

[MJ DeMarco]

Mike... awesome post. Shows that you are headed towards the Fastlane. Speed+

 

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[Skys]

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.

 

[elliot]

I think its really hard because like me I need guidance but a quick e-mail or hours/days on google will just not help.
There is only one of you MJ and loads of people needing guidance but you need to live your life. Slowlaners like me are so used to there lives how they are we need a kick up the arse we are not used to the life I can see why your frustrated but also see why we are the way we are so its a bad circle. I refuse to e-mail anyone begging for a quick fix because I know I need to find my own path and I am impatient as I have been wanting for nearly a year to find something to get stuck into and made wordpress sites using pat flynn methods which from I learned a lot and am now studying app programming with Xcode but with a little doubt as so much competition and I know for certain what I am doing and thinking probably thousands more are. We are living in a world where everybody wants now and they even teach entrepreneurship at my local college but I know its a gimmick course that will not lead me to where I want to go.

 

[FastLearner]

I think its really hard because like me I need guidance but a quick e-mail or hours/days on google will just not help.

Then you're lazy.

 

[Runum]

Just know that everyone is in the chase for resources!

Very succinct!

 

[timmy]

Procastinaton kills off most peoples genuine ambitions. These can be labeled under many headings some of which have been mentioned here already. Perhaps if and when the proper mindset is achieved such personal input gains monetary value....IMO the forum best facilitates any questions , queries , or advice

 

[Time And Again]

My email address is listed in my book ... TWICE ... once at the beginning, and again, at the end.

And, that's why I am reading it again...

 

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[NewJamesBond]

Bump. Classic.

I love that you bumped the thread. And then bumped it again!

I feel like most people (at least myself) know what to do and are to scared to just do it... This advice is stellar! I love that blog you linked to as well. Awesome post!

 

[marklov]

It's always better to reach the point where you can ask the right questions.

I've personally never really felt the need to have a mentor, because I will spend the time digging through posts and threads to try and find what I want. Majority of the times I do find it.

It's the information age man google, youtube, udemy, quorra , TFLF it's endless.