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Going From Not Gonna Make It (NGMI) to Turbo Autist
Level 1 - NGMI
Welcome Avatar! We have a few projects in the hopper that will apply to people on the free content section of the site. We’re setting up a website that will help you get a job at a Clown Bank for *free* and we’re going to create a smoother more centralized source for scouting people with talent (yes centralization is needed sometimes just like an aggregator). Before we do that here are some quick big picture highlights and why we’re still confident on our beliefs.
Macro Big Picture
July 4th - Jammed: We were not kidding. We are attempting to find people all over the USA. And. All over the world (eventually) to try and build up a decentralized information source. Below is a good example of how it works and some good live footage of the crowd at Vegas this weekend.
The July 4th weekend was jam packed (luggage is even hard to find in some places!) and Rolex/high-end designer products are selling out everywhere. There has been a massive spread between the “winners and losers” as the winners flee to places like Vegas, Miami, Texas and DeGen Island USA. To spot the obvious tells, the winners are “new to the city” and suddenly decided to move to the lower tax jurisdictions *after* the impact of COVID-19 (primarily marijuana guys, crypto, e-sports and software/tech people).
Likely Impact? You know the drill here. We think it leads to inflation. You’re seeing the impact slowly but surely as it isn’t possible to suddenly raise prices on *all* consumer goods overnight. You can see the price increases on the luxury items (bottle service, Rolexes, etc.). However. The price of food/gas should continue to rise in a more “stable” manner (need to give a bigger heads up for price increases).
If we put the two items together, it means that the velocity of money should increase. People will go to new restaurants, cities, bars, clubs and stores. This should require a lot more gasoline and put pressure on the supply chain (again). Below is a good example of how depressed the gasoline consumption numbers were in 2020. A solid -40% on a glance.
In short, as velocity of money starts to rise (should rise rapidly if the economy is fully open) the effects of inflation would be seen in the second half of the year. In fact, the price of gas is already at $5 in certain areas like Los Angeles which is a pretty major hit from $3 (likely a $1,000/year additional cost on a post tax basis: ((10,000 miles/20mpg) * $2) = $1,000).
How to Fight This Trend - Online Income/Creator
Say what you will about the blunt/direct writing style here but we’re attempting to create miniature creator jobs by giving out traffic/views to anyone with talent. We’ve already created a small number of side hustles with our DeFi hires and BowTiedOx is building out his own sub-sector on fitness (No we don’t make any money off of anything he produces).
What is the point of this? The point is that *you* have to become a creator. Is your job/career going to give you a consistent 10%+ post tax raise? Probably not. Is your boss going to try and squeeze more value out of you while increasing his own take home pay? Yes.
Therefore… there is only one solution. Find a way to become a creator/online business owner before it is too late.
Creator Jobs We Need: At this point we have to reach breakeven on the DeFi substack and after that we’ll move onto other ideas (LINK). Our best guess is that there is no way to hit break even until the year end. However. Here are some clear areas where there is a need for information: 1) non-fungible tokens, 2) taxes, 3) website flipping and 4) anything else you’re good at.
Creator Time for Money Exchange: Here is another avenue. If you have an actual skill/talent then we’re happy to help you build *any* time for money exchange where we know you are good.
For example… It is clear that BowTiedJesus, BowTiedNightOwl and BowTiedSizeLord have investment banking backgrounds. If they want to spin up a service to help people break into the industry we’d support it. This would be an easy angle to earn some money online as resume reviews are fast and the interviews are always the same old questions… over and over and over again… (industry never seems to change).
Free Video Format Content!
We got a ton of complaints regarding long-form writing. So. We’re also building out a YouTube channel that is a *work in progress*. For now what it will do is as follows: 1) take free content and convert into video form, 2) load up all videos related to trolls/memes over time and 3) provide basic crypto explainers - only at the free post level content.
You probably recognize the hedgehog so we’re trial running this idea to see if it works. If it does your local hedgehog will earn US Trash Tokens for his ability to grow the YouTube channel. We don’t know much about video content and we looked at his work and decided he can probably figure it out if we give him some traffic and time. As usual. Equal Opportunity, Unequal Results.
Short Hand: The above video explains the major things you should learn at work and in bullet form they are as follows
$100K is not rich if you move to a major city due to taxes
Truly successful people are nice and want to see you win. They are rare though.
60 hour weeks is extremely painful if you were a Turbo Autist who could study for a day or two and get the A-
Your college friends fall off since you go down a different “life path”
If you don’t read you will never become a good communicator. You have to read when you’re young
Falling asleep at the exact same time everyday creates high quality sleep
Women are better liars than men. Do not try to outperform the female colleague or female intern (you will lose). Let her get first place and remain top bucket
You can gain muscle/mass while working long hours. People who say otherwise are just liars or lazy
Complainers are just losers. Most conversations surround someone complaining
Cost of an item isn’t relevant, it is all about ROI. The $10K you spent on that humanities class is not comparable to the $200 you spent building your first website. One taught you something, the other one didn’t and was 50x more expensive
Everything in life is sales so you better learn it!
Becoming a millionaire is not only achievable but unimpressive if you’re serious about becoming one
The contacts you build > your degree. We’re actually seeing this real time with the Jungle as many contributors are elite. Meeting other elite people only helps them get further ahead
You learn that you had no idea how to dress yourself or what style was by the time you go out in a big city
If you worked hard in college you will have a tough time since the real world is when difficulty really begins. One of the toughest transition periods in your life
If you don’t embrace technology you have no shot of making gains/improving your life rapidly
Technology can also be a bad addiction if you are not using it to *learn* or *earn*. One of the two and you’re using it *right*
Choose higher amounts of responsibility as that usually leads to higher income over time
Mediocre people want to be around mediocre people, avoid the types that tell you to “relax”. They are just scared you’re going to leave them behind… you do in the end
Any time you start something new you should expect to be embarrassed. Funny enough this applies to the YouTube channel as we have already made some errors and will fix them as the product improves! Simulation confirmed.
Summarized NGMI -> Turbo Autist
The world is changing quickly. No one is going to come and save you. Your boss just wants to hang onto his high paying cushy job and wants to do nothing. He is not interested in taking risks. He is interested in doing the least amount of work possible.
You should operate under the following mantra: 1) be a top performer, 2) don’t be number one, 3) learn *any* specific skill, 4) learn how to make even $100 a month from it and 5) begin to scale that skill.
The one big change we’ve made here over the last decade is that you *CAN* go ahead and trade time for money. Why? You can shift the business model later. If you decide to start a side hustle as a personal trainer (like BowTiedOx) or something similar, you could always scale and become an affiliate for fitness products. Similarly. If you do any “time for money” exchange you can always convert to a *services* model later.
We foolishly ignored this and assumed that once you went with a time for money exchange (say fixing phones) that you couldn’t scale it or turn it into a *services* type business model. This was wrong and we’re now *pro* time for money exchange if it is for *yourself* and you plan on switching to a new model later on.
Disclaimer: All items in this article are not to be deemed legal or financial advice. Future video posts are also not to be deemed legal or financial advice.