Whats one thing you think or believe that most people on this forum would disagree with?

[MTF]

A few that came to my mind first (I can already imagine some forum members disagreeing vehemently lol):

1. Laziness is essential for success in life (not just monetary success). The guys who never seem to do anything are the ones who ultimately get the most (and for sure enjoy their lives more).

2. If you don't absolutely need employees, don't hire them (ideally ever). Being a boss is like being an employee or a parent.

3. It's okay to make as much as you need to live your kind of ideal lifestyle (even if it's just $2000/month in passive income) and move on into a non-business life afterward (no need to build bigger companies for the rest of your life).

4. If you're always extremely busy in your business, you're doing things wrong. No business is worth losing all of your time freedom.

5. Hard work is the most overused and the least effective way to grow a business. Every fool can work hard. Few are creative enough to see a novel way to do something more easily (ties back to #1).

6. There ARE shortcuts and secrets to make things easier (to a realistic extent, I'm not talking about becoming a millionaire in a year). But it's sexier for business gurus to brag how hard they worked and how there are no shortcuts (so-called "hustle porn").

 

[SteveO]

That we take life much too seriously.

 

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[ZCP]

@Fox is the finest dude on here

 

[Kak]

Your business doesn’t have to be an inTerNeT tEch bUsinESS to be fastlane, make millions, or billions.

It’s also not a belief. It is fact.

 

[OverByte]

I'm not sure if it's most of the forum, but based on # of threads on the topic I'll throw this out there...

The US dollar is NOT collapsing and will NOT collapse in the next 10 years.

General inflation (outside of assets - stocks/RE, etc) will go back to pre-pandemic levels within 2 years. Blips in consumer goods will be caused by supply chain shortages and not monetary policy.

PS: @Fox - great thread idea

 

[Fox]

Think and Grow Rich is actually a solid book with quite decent principles.

 

[Fox]

There is no global conspiracy going on.

That is exactly what someone who is part of the global conspiracy would say though.

 

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[Antifragile]

There is no global conspiracy going on.

 

[ljean]

Skill & luck in business & life is difficult to differentiate.

 

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[Toyotomi]

Most developer jobs will be automated in the next 20 years.

A problem solver will always be needed but a coder will not be necessary.

 

[Andy Black]

"What's one thing you think or believe that most people on this forum would disagree with?"

1) I believe in reducing prices not increasing them. I’d like to make my main product or service free and make money another way. (I’m a big fan of “Free” by Chris Anderson.)

2) I believe in intentionally growing a personal brand. I think a lot of forum members neglect their personal brand, and many even look down on those intentionally growing their personal brand.

3) I believe selling coaching and/or courses is NOT for those who can’t do. I believe “Those who can’t, teach” is BS trotted out by those who’ve never taught. I believe teaching a man to fish is an honourable endeavour (and damn hard).

4) I believe in still doing the work rather than outsourcing or delegating - **IF** it’s what you want to do. There’s business models nowadays that enable solo techies to build million dollars businesses (likely with the help of a few VAs and freelancers).

5) I believe there’s nothing wrong with putting ALL your free content on other people’s platforms (so long as you have a backup).


Super curious what @Lex DeVille would answer.

 

[Fox]

Peter Thiel has a favourite job interview question that goes like:

“What important truth do very few people agree with you on?”



Now for the forum version...

"What's one thing you think or believe that most people on this forum would disagree with?"

 

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[K1 Lambo]

This. We live in a world where people think that busy is the goal so they can brag about it on social media. Like wtf? Ok, you worked 10-12 hours for the last 3 weeks but what did you get done, besides taking a few Starbucks selfies with your laptop on Instagram? People forget about this point. It's not about how much work you do, but the results that you're able to achieve with it, not to confuse it with being lazy, but by being effective and smart with your time.

It's like you can go to the gym for 3-4 hours(let's be real, if you're very productive at the gym, it shouldn't take you more than 45-60 minutes after warmup to get it done, and anyone who's naturally got a great physique knows this). The guys who spend that much time at the gym are probably 50-60% of the time looking at their phone, 15-20% of the time talking with the "bros" and the rest is spent on working out!

Or if you're a world class athlete like LeBron James, Kevin Durant, Cristiano Ronaldo, Lewandowski etc. Do these guys work hard? Yes. Do they work all the time to the point of burnout? Hell no, they have their little time spans(usually 2-5 hours each) when they do the work with focus and then do something else once they're done. Burning out would actually make them less effective in games.

I think people have this mentality because social media amplifies this mentality, especially the so called "motivational gurus". Statements like; "Just hustle", "Work every waking hour!" or "Wake up at 4am if you want to be a billionaire". Bollocks. Anyone who's had success in anything knows this is B.S. You've probably heard that Elon Musk story that's a little glorified where he had his 16 hour days(which I don't believe in at all, it's humanly impossible, unless you're on medicated drugs to keep that effectiveness for that long then yeah). Maybe he did have periods like that but it's a little tough to believe.

You hear these stories all the time. Do some people wake up at 4am and are successful? Yes they are. Do some people wake up at 8-9am and are still very successful? Yes. It's not when you wake up, but what you do when you're awake.

Look at the richest man in the world, Jeff Beezos. He has a very interesting philosophy on life. He says he sleeps 8 hours a day and keeps his day fairly structured. He says he's been using this strategy for a long time(20+ years I think, so he did use it when starting amazon). Or Larry Ellison who's a great example of someone who literally started with nothing. Zada. Almost eighty years old and looks like he's fifty, because he maintained his health in his youth as well. He's known for prioritizing his health.

Or Petter Stordalen(Norwegian billionaire); in his book he explained that he never really worked that hard, just a couple of hours per day, where he does what matters each day.

There's also a guy in my city who I know who has a net worth of almost 500,000,000$. He's one of the coolest dudes out there. He's in his mid fifties and has the coolest life ever. Has all this shit that you see on Instagram. Hypercars and supercars; Ferraris, Lamborghinis, Bugattis, Bentleys, McLaren F1 etc. He always says that the most important things for a successful business are capital and experience. Even though he does work hard as a CEO, I wouldn't say he's the hardest working dude.

I hate that nonsense that a lot of gurus preach out there, aka "If you're not working 10-14 hour days, then you're not working hard enough".

There's a great video on this from Tai Lopez that I've watched about a year ago(even though if you dislike him, he's a fantastic marketer who really knows what he's doing). Hard work is not everything, it's a part of the equation. If hard work was REALLY the only key to success, then construction and cave workers would be the the richest people on earth, but that's far from it.

There are people in India, Pakistan, Ukraine, Romania who work 12-16 hours every fcking day and are still earning very little. Whereas you got these TikTok girls who got no skills whatsoever(unless you count looking cute and having small dance abilities) who make a hell lot more than the former group. Or pranksters on YouTube with their dicks out lol.

 

[eliquid]

“What important truth do very few people agree with you on?”

1. Execution is NOT everything

2. No one wants to admit they are wrong

3. Almost everyone is selfish

4. A leopard doesn't change its spots

 

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[MTF]

I was a little unoriginal in my previous post, focusing on business/money stuff. So here's random stuff:

1. You don't need hiking boots on most (easy to medium) trails. You don't need shoes at all on most easy trails.

2. Speaking of shoes, if you're wearing flip flops, you might as well go barefoot. It's healthier for your feet and actually safer than in flip flops. You're destroying your feet by always walking in shoes, particularly with good cushioning.

3. Nudity is normal and it's weird that people get offended by it (particularly on a long beach where nudists find their private corner and don't bother anyone).

4. Most cosmetics are complete bullshit, in the same way as most supplements are.

5. You can go without food for 24-48 hours and you're not going to die and it's not a huge accomplishment. If you feel "hungry" every three hours something is wrong.

6. It's okay to never want to have children.

7. Vasectomy is one of the greatest investments you can make.

 

[Guest-5ty5s4]

When you get lots of likes on your “unpopular opinion,” it means it actually is popular

haha, I’ll think of a better one than that

 

[Simon Angel]

I've got one truth to share that everyone seems to agree with but almost NOBODY follows:

"Time is the most valuable currency."

Many people here, as financially wealthy as they are, seem to have completely forgotten about this in their lust for more.

If you're working 16 hours a day on your 7-8 figure business, perpetually stacking money in the bank in an effort to satisfy your ego, you're not financially free. You're more enslaved than your friends who work in construction.

 

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[Mathuin]

I prefer wearing a suit than dressing casually.

 

[Antifragile]

You can buy a dog, have a family (kids) and still become a successful entrepreneur.

 

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[B.Cotter]

Automation is happening at rapid pace

10+ years ago, nobody working in restaurants thought their jobs could be replaced by machines. Now we have automated PoS kiosks that eliminate cashiers... robots making pizza, flipping burgers, deep frying, stir-frying in woks, etc.

You can literally run a fast casual restaurant now with maybe 3 employees plus machines that before I'd probably have staffed with minimum 15 employees on a busy day/night, and do the same in sales. Better consistency, timing and cleanliness too.

 

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[Mario_fastlaner]

I've got one truth to share that everyone seems to agree with but almost NOBODY follows:

"Time is the most valuable currency."

Many people here, as financially wealthy as they are, seem to have completely forgotten about this in their lust for more.

If you're working 16 hours a day on your 7-8 figure business, perpetually stacking money in the bank in an effort to satisfy your ego, you're not financially free. You're more enslaved than your friends who work in construction.

People that keep growing their 7-8 figure businesses do that because they like that. They want to spend their time at work. It's a choice. Not everyone wants to spend their free time on a beach doing nothing or "relaxing".

 

[Mathuin]

I prefer wearing a suit than dressing casually.

View attachment 40550

My first post is how I think I look rocking up to a date wearing a suit.

The below is a more accurate representation.

 

[Deleted70138]

It's ok to be 2nd.

 

[K1 Lambo]

I believe that a business is not important to create controllable unlimited leverage and a job can achieve such unscription as well. I am a software developer and this is what I did to achieve this:

1. Two years ago, I was interested in removing duplicated code in a Typescript app and to fix bugs in an extreme way. This created a huge amount of new files and functions so no other developer was able to quickly understand what I was doing while I was able to adapt code more quickly. This satisfies the Commandment of Entry and Control since not everyone can now do your job easily.

2. I was also upset that I had to adapt code quite often so I decided to outsource the task of code development to software users. It is a bad idea when users are forced to talk to the devs every time when a new software version comes out. This satisfies the Commandment of Time. After that outsourcing I was able to reduce my workload by the factor of 8, providing me lots of free time to watch financial influencers that recommended me to read books like TMF .

3. The Commandment of Scale is the most challenging part. To solve that it might be a great idea to teach a skill you know well on social media. So far, I am at the beginning but I managed to get almost 2900 followers on TikTok and over 9k likes.

So if I was able to achieve all this and if I believe to know how to further grow in a job, why did I quit my job two months ago? The answer is in the Commandment of Need. First of all, I don't need a job where I don't learn and don't improve a lot. While I managed to grow a lot over the last two years, I think that there might be other opportunities where I could learn even more. Second, I don't think that the company where I am working at needs to hire a full-time external professional instead of an intern just to maintain the quality of the apps. I think that it is better to share my secrets to help more people to improve our world instead of keeping them inside an ivory tower.

In general, I think that by becoming such a worker where the company cannot fire you without having to pay a huge price, it is possible to generate controllable leverage in your job which you can further scale using e. g. social media. It is not as probable as with your own business but possible as well.

People don't understand the concept of compounding knowledge. Even if you fail a lot in your first years, that information will serve you and put you ahead in front of your peers/competitors. That information is only for you.

 

[eliquid]

I got it but your truth is based on a false premise, everyone enjoys their time in a different way.

What's funny is, you just confirmed that: "Time is the most valuable currency."

No matter how you nitpick it apart, it is still true though.

If you spend it on the beach with loved ones, or in the office alone working 10 hours... it's both time spent on something, something you enjoy. Thus making time the most valuable currency.

For those wanting to spend it with loved one or on the beach/mountains, that's their most valuable return on that currency of time.

For those grinding at the office, building the 7-8 figure business is their most valuable return on that currency of time.

If you are dead, you have no time. And thus can not do either ( or anything you find valuable or rewarding ).

 

[Roli]

Great question, here's my 2 pence.

1. Socialism is fine, looking after the vulnerable and sick is not a form of weakness or evil communism.

2. Donald Trump was a dangerous idiot who isn't that great at business.

3. Luck is a thing.

4. Being an entrepreneur isn't for everyone.

5. College is not a waste of time.

6. Following your passion is sometimes the best course of action.

 

[Antifragile]

Peter Thiel has a favourite job interview question that goes like:

“What important truth do very few people agree with you on?”



Now for the forum version...

"What's one thing you think or believe that most people on this forum would disagree with?"

This thread is a bad idea because it will put people against each other by creating “us vs them” in the open. And we aren’t civilized to have a civil conversation on things we don’t agree on.

 

[Mattie]

People don't understand the concept of compounding knowledge. Even if you fail a lot in your first years, that information will serve you and put you ahead in front of your peers/competitors. That information is only for you.

I agree with this. It does make it easier to navigate through different situations.

 

[MTF]

That is exactly what someone who is part of the global conspiracy would say though.

If I were a part of the global conspiracy I would encourage people to come up with crazy ideas and laugh at how far away from the truth they are. It would make a lot of sense to even fund these ideas to give them more legitimacy (particularly if they're well off the mark but quite convincing).

 

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[ljean]

You should probably get a job to learn domain knowledge.

This was one of the big issues I bumped into when looking for a business to buy. I'm sure there are many lucrative opportunities, but I dont know jack about most industries.