You expect the people closest to you to support you.
Most of the time, they won’t.
Not to the standard you’d like.
Don’t stress…
Absolute strangers will make you rich.
10 harsh lessons that took me years to learn, but you get in the next 5 mins:
You expect the people closest to you to support you.
Most of the time, they won’t.
Not to the standard you’d like.
Don’t stress…
Absolute strangers will make you rich.
In today's society, a degree alone is meaningless in most industries.
You need to have real-life skills to back it up.
How are you setting yourself apart?
Your value doesn’t come from how hard you work, but how irreplaceable you are.
The harsh reality is that no one will ever care about your business as much as you do…
You’re the owner.
If you want people to support your business, you need to offer them something in exchange.
Provide value.
Where you are now is due to all the decisions you’ve made up until here…
Nobody else can make decisions for you. Just you.
Nobody else is to blame. Just you.
Taking accountability is the first step to fixing it.
It sucks to say but life isn’t fair at all…
We’re all born into different circumstances we can’t control.
Some are born privileged.
Others are born into poverty.
We can’t always control our circumstances but we can control how we react to them.
If you had no hard times in life, you’d have no reason to work hard…
You’d be content.
Hard times make us uncomfortable & force us to grow.
They also help us appreciate the good times.
Tough times don’t last, but tough mofos do.
All our lives we’re so focused on one thing: Money.
Not realizing that we’re spending all our time chasing it.
The only thing is…
You can make back lost money.
You can’t make back lost time.
Don’t realize this too late.
Good things take time to be built…
- Businesses
- Friendships
- Relationships
Be wary of anything that seems too good to be true.
If it was that easy to obtain, everyone would have it.
Failure is inevitable, it happens to everyone.
What matters is how you handle your failures…
You can either:
1. Give up when it gets hard
2. Learn from your failure and do better the next time
A failure isn’t a loss. You can only lose when you quit.
You don’t like everyone, right?
So how can you expect everyone to like you?
Instead of trying to please others and make everyone happy…
Focus on making the 1 person that really matters happy.
Yourself.
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10 harsh lessons that took me years to learn, but you get in the next 5 mins:
— Justin Wise (@JustinWise) April 13, 2022
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
