Here's something you should know about yourself. When choosing between two options, your decision is heavily influenced by whether you are asking yourself: "which is better" or "which is worse." 1/9

1/ So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid).

Just note, I am not bitter or salty in any way at all, the last 2 years have been an amazing ride - travelled the world, been wealthy, been poor.

2/ Dec '16, my advertising agency folded, I had a little bit of money left and I put $32k into Bitcoin and Ether. As it started to go up I diversified into everything, Monero, Dash, this that, any crap - even Ripplecoin. Everything just kept going up.

3/ By March I think I had around $300k and $500k by the summer. I used to take 25% out but towards the end of the summer I got greedy and put it all back in and by December it was $1.2m.

4/ Thinking I was an absolute genius I decided to start a bunch of businesses. As silly as it sounds I had this goal of making $5m as I wanted to buy Bedford Town Football Club and get them in the league, and as Crypto was going up forever I needed 6 months.

5/ So:
- Trading (income 1)
- Podcast (income 2)
- Mining (income 3)
- Mining pool (income 4)
- Consulting (income 5)

Yes - all of the above as a one-man army :)

My father likes to brag. Specially about his athletic abilities. Truth is, he does manage to catch the toast before it falls to the floor. At half his age, I can't do that. "Keeper's reflexes", he says. The rest of us exchange 'there he goes again' glances. Mom just smiles. +

We've heard his 'I could have played for India' story a few times. About how one dropped catch in a crucial match cost him his India berth. How he quit the game after that. And became an actuary. Instead of people studying his stats, he studied theirs. +

It's true that his keeper-reflexes have saved many a pickle jar, egg, and tea cup. He has thumbed his nose at gravity so often. we jokingly call him Rakesh Sharma. He'd have preferred Kiri or Rod or Alan. +

Here's his story. Years ago, his team was one wicket away from victory. The opponents two runs away. The pitch was crumbling. Dogra bowled a beaut. The ball pitched and reared up. It took the bat's shoulder and sailed towards him. That was the India cap flying into his hands. +

Tragically, along with the ball, a clod from the disintegrating pitch flew up too. Dad's eyes stayed on the clod. While the ball mockingly wafted by him. And rolled over the rope. It was a catch Kachra could have taken. +

If you have less revenue/growth/success than you wish you had, then the best thing you can do is OWN IT.

Write a tweet, tell your friends, and move on.

Once you own it, you fix it.

99% of people on Twitter/social media/internet won't do this.

Being radically transparent and honest is a competitive (and life) advantage.

From @RayDalio's Principles:

My new product has 14 users and <$400 monthly revenue. I've spent the last 4 months on it.

I'm going through a lot of pain to validate and grow it.

But if anyone asks me how it's going I will tell them exactly that.

If I asked them, I would hope they would give me the raw truth as well. Truth builds trust.

I think that goes for your internet audience as well. Authenticity is attractive.

I see this with @starter_story all the time - people don't want to share their revenue yet because they don't have any, or it's not high enough (not all cases but often).

I wish I could tell them that getting the cat out of the bag would actually fix the problem itself!!

10 Common Money Myths

That Could be Costing you $1,000's

// Thread //

1. YOLO

It's true that you only live once.

It's NOT true that you should:

- Live in debt
- Work until you die
- Live paycheck to paycheck

What you can do is:

- Live in the moment
- Save for your future
- Start investing today

Balance is the key.

YOLO is not.

2. LLC's are for the rich

You don't have to earn $100,000s to form an LLC.

An LLC:

- Offers tax advantages
- Limits personal liability
- Avoids double taxation

If you have a business and want to earn money, then it's time to consider forming an LLC.

3. I'll be Poor Forever

What you believe determines your future.

The journey to wealth won't be easy.
If it were easy, everyone would be wealthy.

Getting there will take:

- Discipline
- Hard work
- Consistency
- Determination

Change your mindset, Change your reality.

4. Buying a House is Better than Renting

Homeownership means:

- Less flexibility
- High upfront costs
- Long term commitment
- Unexpected additional costs

This may not work for your personal situation.

Make sure you’re financially and emotionally fit to make a home purchase.

I am a resident of Louisiana.
Tomorrow, I will drop hard copies of this letter in the mail, but I've emailed it to the GOP office and also to Senator Cassidy's office today.
*sorry for the run-ons and so forth.

Dear LAGOP:
Your tone deaf condemnation and censure of Senator Cassidy is misguided and alienating.
As it turns out, remarking that he is without a party places him in a privileged arena if our state’s Republicans are choosing to categorically deny the Senator his

elected responsibility to listen to evidence at a trial and cast a vote appropriate to his conscience.
Senator Cassidy has the ability to muster the courage it takes to be truly honorable, and extend the thought and reasoning it takes to make tough choices regardless of

subversive pressure being applied.
Unlike yourselves, Senator Cassidy has the capacity to read a room. The room he had to read most likely felt cold and lonely. The room he had to read most likely felt suffocating, and fraught with dubious outcomes for himself personally.

But he persisted with honor, and he persisted with valor. He deserves respect for that.
Perhaps reading that room is something for which you should take a look at doing a bit more closely. The Republican Party will no doubt see some changes in the next years.