"I was just like completely seduced by the idea that I could make money by doing nothing," he says. "We had $58 in a businessman account in, I think, January 2019 and it got absolutely rinsed by some fraud stuff on a real estate deal" He's always looking for things outside of himself to be like, oh, if only I, you know, make X and then give it to this person, they all look after my income for me. The amount of risk you can actually take is significantly more than in many cases. You're meeting with the boys in Mexico and in a beast now, like you were doing it. But we really took it down
The NIA boys discuss the power of quitting, the Visualize Value origin story, the law of compounding, and decision-making frameworks.
Timestamps:
- (00:00:00) - Intro
- (00:00:36) - Checks Update
- (00:03:30) - Meme of the Week
- (00:06:06) - Teasing Grit vs Quit
- (00:07:02) - Jack’s Water Filter Story
- (00:12:31) - This is Pointless Breakdown and The Power of Compounding
- (00:28:28) - Visualize Value Origin Story
- (00:34:24) - Trung on why he quit pursuing screenwriting
- (00:44:05) - Knowing When to Walkaway
- (00:49:11) - The Kill Criteria
- (00:54:26) - The Monkey and the Pedestal Framework
- (00:59:54) - Slack’s Iconic Pivot Story
- (01:03:40) - Bilal shares why he shutdown Arsenal Blog
- (01:06:26) - Jack’s explains his decision to kill his Podcast Production Agency
- (01:12:13) - What F**k You Money really is
- (01:12:45) - Trung’s Scotia Bank Story
- (01:15:01) - The Influence of Social Capital
What Is Not Investment Advice? Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
Watch + Subscribe on Youtube:
https://youtu.be/q8jgetflxUA
Listen into our group chat on Telegram:
https://t.me/notinvestmentadvice
Let us know what you think on Twitter:
@bzaidi
@trungtphan
@jackbutcher
@niapodcast
Links Mentioned:
Hosted on Acast. See acast.com/privacy for more information.