Rep bank $0? How it mimics your real life bank.

[MJ DeMarco]

How the forum's REP BANK concept mimics a real FASTLANE...

First, let me say that this thread excludes @Yoda who gives away ALL of his rep bank as he earns it. Had he not be so charitable, he'd be one of the forum's richest.

Anyhow, I thought this needed its own thread.

@MidwestLandlord made an interesting comment here ... I thought it needed special attention. If you enjoy this post, share the REP with him.

Every time I log in, I see that people have liked comments I left days or even weeks ago.

Those likes put reps into my forum rep bank, from "work" I already did way earlier. I've found that the more quality comments I make, the more likely previous comments are to be liked as well.

I have real life processes in place that do the same. Not fastlane yet, but close.

The Fastlane Forum's REP BANK concept is actually a microcosm of a REAL FASTLANE.

Think about it.

The value you add here, say a great post, a GOLD thread; a funny comment, it exists in perpetuity. It exists seperate from your time and has the opportunity to help people 24/7. As more and more eyeballs read your value, you collect REP DOLLARS. These REP DOLLARS collect 24/7, no matter what you are doing.

You could be sleeping.
You could be traveling.
You could be at the gym.

In other words, your value bombs here are your unique pieces of work offered to the community, work that never goes dark and always is working for you, collecting views, likes, and rep transfers.

While you are away, your REP BANK grows. While I sleep, my REP BANK grows by hundreds of dollars every single day. Oddly enough, my REAL BANK does the same except with REAL DOLLARS.

Why?

I've thrusted VALUE out into the WORLD community and get paid REAL $$. Every. Single Day.

I've thrusted VALUE out into the FORUM community and get paid REP $$. Every. Single. Day.

Want to make money 24/7?

Start producing value that exists in space-time separate from your time.

 

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[jon.a]

I'd like to see a reset.
I'd bet my rep in time the stats would be similar.

 

[theag]

My fastlane forum wealth is mainly built on a quicksand-like legacy of Emma Watson memes.

 

[Thiago Machado]

I'd like to see a reset.
I'd bet my rep in time the stats would be similar.

Makes me think of 2 things:

• The lottery winners who lose everything and never get it back.
• The millionaires who lose everything, start over, and make their millions again.

Fastlane is a mindset.

 

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[LifeTransformer]

I tend to do what Yoda does (although I've not provided anywhere near his level of value yet).

It has created some interesting conversations via PM's I may not have otherwise had.

 

[Unknown]

My fastlane forum wealth is mainly built on a quicksand-like legacy of Emma Watson memes.

I'm pretty sure that giant legendary contributor badge disproves this

 

[G-Man]

My fastlane forum wealth is mainly built on a quicksand-like legacy of Emma Watson memes.

People just give you rep because nobody wants Putin on their a$$.

 

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[G-Man]

I'd like to see a reset.
I'd bet my rep in time the stats would be similar.

I remember when I knew everything because I'd spent my first semester at college....

Me: Dad, don't you think it's wrong that there's like 6 billion people in the world and a few of them have all the money?

Dad: Right or wrong, if you divided that money up 6 billion ways evenly, in 10 years the same people would have it again.

Me: How would they do that?

Dad: Same way they got it the first time, genius.

 

[Scot]

I had this conversation with another forum member the other day. I treat this forum like a networking event or like work.

With the exception of off topic threads, I never post anything without wondering if it will give value.

Because this forum is full of people who are willing to share their hard earned knowledge. What if I act like a fool and need help on a copywriting question. Would Lex ignore me?

What if I had a great idea and start a progress thread, would guys like Midwest or Kak, who might have great input pass it by when they see my name?

I've seen it time and time again on this forum where people who give value get value in return and people who post lazy questions get nothing or ridicule.

You fight like you train.

This forum isn't real business, but how you act here is probably how you'll approach real business.

 

[SteveO]

Years ago, I contributed a lot of advice with regards to real estate investing. There were more people interested in RE. Most people on the forum are looking for information to help with online businesses. Can't help much there.

Most of my input these days has to do with outlook on life.

Giving advice helps me to assess my own situations.

 

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[MidwestLandlord]

I had this conversation with another forum member the other day. I treat this forum like a networking event or like work.

With the exception of off topic threads, I never post anything without wondering if it will give value.

Because this forum is full of people who are willing to share their hard earned knowledge. What if I act like a fool and need help on a copywriting question. Would Lex ignore me?

What if I had a great idea and start a progress thread, would guys like Midwest or Kak, who might have great input pass it by when they see my name?

I've seen it time and time again on this forum where people who give value get value in return and people who post lazy questions get nothing or ridicule.

You fight like you train.

This forum isn't real business, but how you act here is probably how you'll approach real business.

Haha, I'm not even close to being in the same league as @Kak , but I do want to be like him when I grow up.

 

[MidwestLandlord]

I'd like to see a reset.
I'd bet my rep in time the stats would be similar.

Yep. If anyone here fears a rep reset, they should probably ask themselves why.

 

[thinkandgrowrich]

Provide value and you will be rewarded in one way or another, tangibly or intangibly.

MJ done change alotta people's lives and ways of thinking, God bless you lol.

 

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[Vigilante]

With the new forum I think there should be a reset to zero.

 

[jon.a]

With the new forum I think there should be a reset to zero.

I think that it would be an interesting social experiment.

 

[G-Man]

I think that it would be an interesting social experiment.

If by "interesting social experiment" you mean online apocalyptic mayhem, then yes.

I'm still down, though. I need more mayhem in my day.

 

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[TKDTyler]

With the new forum I think there should be a reset to zero.

We could donate all of our rep to @Yoda...

 

[Waspy]

We could donate all of our rep to @Yoda...

That's just cruel. Would take him years to get rid of it again.

Lift on the $100 limit?

 

[Andy Black]

I'd like to know how much total rep @Vigilante has given away...

 

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[Vigilante]

I'd like to know how much total rep @Vigilante has given away...

 

[TKDTyler]

I'd like to know how much total rep @Vigilante has given away...

All his donations have been to shell accounts to siphon rep into his offshore bank account. He's been prepared for that reset.

 

[TonyStark]

All his donations have been to shell accounts to siphon rep into his offshore bank account. He's been prepared for that reset.

 

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[Raoul Duke]

My fastlane forum wealth is mainly built on a quicksand-like legacy of Emma Watson memes.

Yeah, it go so bad that GrumpyCat was getting grumpier. lol

 

[Dwight Schrute]

FOOLS!!!

There will be a REP-payout last minute, this thread is a trick so @MJ DeMarco makes more on his hidden transaction fees.

View: https://www.youtube.com/watch?v=PBEXSiFzOfU

 

[Raoul Duke]

FOOLS!!!

There will be a REP-payout last minute, this thread is a trick so @MJ DeMarco makes more on his hidden transaction fees.

 

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[Unknown]

FOOLS!!!

There will be a REP-payout last minute, this thread is a trick so @MJ DeMarco makes more on his hidden transaction fees.

View: https://www.youtube.com/watch?v=PBEXSiFzOfU

1,000,000 forum dollars = .001 cents. Redeemable only in $100 increments.

 

[TonyFish6379]

I've thrusted VALUE out into the WORLD community and get paid REAL $$. Every. Single Day.


Want to make money 24/7?

How many family members do I need to recruit to make Rep Bank earning while I sleep @MJ DeMarco ?

 

[Yoda]

Had he not be so charitable, he'd be one of the forum's richest.

I am the richest because I give it all away.

 

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[Vigilante]

Here's what I anticipate would happen with a rep reset.

We'd lose some veterans who wouldn't give a shit. Some veterans would continue to contribute, and rise to the top again. Some new posters would emerge as the next generation of superstars. Legacy content would stop contributing to rep speed. Right now, I get more rep$$ for stuff I wrote three years ago as it gets rediscovered and bumped.

Here's what wouldn't happen : someone who has been here for four years with 130 shitty posts and 20 likes would all the sudden become a value contributor.

All in all, @MJ DeMarco I think it would be good for the forum. It would be an excellent value lesson.

 

[Scot]

Here's what I anticipate would happen with a rep reset.

We'd lose some veterans who wouldn't give a shit. Some veterans would continue to contribute, and rise to the top again. Some new posters would emerge as the next generation of superstars. Legacy content would stop contributing to rep speed. Right now, I get more rep$$ for stuff I wrote three years ago as it gets rediscovered and bumped.

Here's what wouldn't happen : someone who has been here for four years with 130 shitty posts and 20 likes would all the sudden become a value contributor.

All in all, @MJ DeMarco I think it would be good for the forum. It would be an excellent value lesson.

It would be very interesting to demonstrate that past value reaps dividends.

If there's a rep reset and you still got credit for NEW likes on OLD posts, it would demonstrate that even if you went broke, you would still reap the dividends of your past work.

I like it.