We’ve been blogging for a long time (over 5 years is certainly a long time to us). Our beliefs in life have evolved quite a bit so it is probably a good idea to update all of our readers on our latest philosophies. The good news? A lot of the big items remain the same: 1) putting “hard work” up front, 2) avoiding trading time for money, 3) focusing on learning how to navigate relationships and of course 4) the art of getting rich without killing your personality. Those items remain unchanged so lets jump in.
“Hard Work” First: We have to put this phrase in quotes because Hard Work is overrated. People believe this means “long hours”. To us hard work means solving a difficult problem. This is real work because hard work can include digging a ditch with a spoon. Just because it is hard to do does not mean it is an efficient use of your time. That said our original belief remains unchanged. At age 12-24 or so, your life should be full of hard *problem solving* work. This focuses all of your energy on something that will result in the highest ROI.
This day and age we stick with our standard recommendation since we do not know how smart the reader is. If you want the lowest risk highest probability to become a multi-millionaire, going to a top college and getting a Career is the easiest stepping stone. So nothing has changed from everything outlined in Efficiency. The vast majority of our readers are in their 20s and should follow that path to a T. If someone completes the book and doesn’t have a second source of income within 3-4 years… something has gone horribly wrong. By the time they are in their 30s they will already have a business running and won’t be interested in their Career anymore. Maybe they keep it maybe they don’t but it really won’t be interesting anymore.
Feed Egos and Erase Your Own: At the end of the day, there is no way to convince someone that they are wrong. Time and time again we see the same strategy pay off which is: Smile, Nod and Agree. There is no point in fighting people since they won’t like you after that. Once they don’t like you, they won’t take anything you say very seriously. It is a lose, lose situation. The one good thing about this is we can at least practice forgetting our own Egos. If someone has a Ferrari or makes $10M a year while you’re making $2M a year and drive a Honda Civic… Does it really matter? Of course not.
Funny enough, once you make it (whatever that means for you financially), you’ll become less “intense” and ego driven. People who need their Egos to be fed typically compare themselves to the next richest guy in the room or city. It just doesn’t make sense to us at all. But. This is how the world operates. We’ve also concluded that this is another “status signal”. In a rare case we’re going to use dating as an example. Generally, women don’t like talking to the “intense guy” who is all about work. This is because someone who has made it already… doesn’t care about work! It took us a long time to finally make this connection but it all clicks once you see it. A rich man is a man who has free time and a high income. If someone is constantly working how “rich” can they be? This is a pretty big switch since we always assumed there was no “stepping off the gas”. But. You can absolutely step off the gas if you are able to outsource menial tasks. The numbers go higher even though you’re working less. You’re just more focused on the 2-3 things that matter.
Spending on Health and Time Never Goes Wrong: Okay, never is a strong statement but we rarely see a negative ROI on either. People ask us what they should spend on when they get rich and the answer is always the same “whatever you like”. That said… We’d argue that your best spending will focus on 1) experiences, 2) time and 3) health. All three of these things rarely lead to buyers remorse.
Experiences include anything and everything you wanted to do that does not require a material purchase. This includes everything from travel to learning how to play a musical instrument to extreme sports. Enter anything that is not a recurring cost. The world is an enormous place and you’ll find a million things to do that don’t require you to buy a fancy Rolex or Ferrari. While people in their 20s will assume this means hitting the clubs in every single foreign country on the planet (which is fun for sure), it can also include things like African Safari’s and Hiking up Mount Everest.
Time is probably the most underrated. Time means services. We’d argue that you’re better off hiring someone to clean your house/apartment, do the laundry and potentially cook as well before “upgrading your home”. If you upgrade your home and are forced to use your own time to clean and organize… You’ve actually *lost time*. While you can afford the bigger place, you’ve lost a ton of money in terms of opportunity cost and quality of life. For some reason, Western Cultures focus more on buying more and more space and shun the idea of buying services. When you get rich (no doubt you will) try the services route first and let us know how it goes! Ironically, the people who jump into high-end cars and big homes typically end up more stressed than they were just a few years ago.
Health is significantly more important than money. If you can spend on your health, this is going to give you the best long-term ROI. Invest in the following: Food, Drinks, massage therapy, blood work and routine doctor appointments. All of these things will elongate your life and improve the quality of your life as well. Quality of life is key since being rich and in a wheelchair defeats the purpose of getting rich in the first place. So there you have it… Our three main areas to spend at will are experiences, time and health. It pays off rapidly and the rewards stay with you for a lifetime versus a few years like a nice car or watch.
Long-term Relationships: For some reason, we’ve found that successful people are able to sustain long-term relationships for 10+ years. This means we are now recommending that people avoid individuals with “short-term” friends. If they were not able to keep a handful of friends over the course of 30-50 years… There is usually a big problem. Having 3-5 long-term friends/relationships shows that the individual was able to correctly pick out the future success stories within his peer group. If you have access to the internet there is a 100% chance that you can find a future successful person who is currently 20-40 years old. We are using big ranges because it erases the excuses from the equation. If you find an older person who does not have a few close relationships of 10+ years… start the Smile, Nod and Agree process.
More Inequality: For better or worse we wouldn’t be surprised to see more inequality in the future. This is in the life philosophy post because it should immediately trigger the “no excuse button”. With the internet, the playing field to get rich is essentially leveling out. Yes it is still significantly harder in third world countries. But. If you’re in a first world nation you have all the tools needed to be on the “winning side” of widening inequality. We don’t really have a big philosophy on inequality since “value” is how money is generated in the first place. The one thing we are excited to see is the growing level of competition. As hierarchies come down (being rich by being born with the right parents), we should see less and less nepotism which is probably a positive. If you end up on the right side of this inequality equation be sure to wake up with a huge smile on your face every single morning.
No Change to Legal Marriage: Our views on *legal* marriage has not changed at all. We’ve never been against people having families or having a significant other. We remain 100% against a legal contract that simply increases your taxes and puts you in a losing legal proposition. People continue to say we should “man up” on this topic but the facts have not changed. If you need to sign a piece of paper to get the girl to marry you, she didn’t love you in the first place. No one really likes this topic since it is not possible to poke holes in it from a logic perspective. Instead the result is more complaints and “emotion”.
Need to Change the Name of the Blog: It has been a long journey and we really should change the name of the blog. If anyone gets a good idea let us know. The only reason we haven’t changed it is because it makes us laugh every single day. We started a website for the laughs. It ended up growing. We have a pretty large audience and have not ruined our privacy (thank you affiliate marketing for teaching us all the tricks!).
Human Psychology Doesn’t Change: We still get complaints that we should give all our books away for free and delete all ads. We just laugh because human psychology doesn’t work that way. If we gave something away for free it wouldn’t even be read. This was proven way back when we gave away free copies of Mike Cernovich’s book. We make very little relative to our actual income and the cost of a drink at the club is more than reasonable. It forces us to engage with people who will actually do something with their lives! If we gave away our time entirely for free along with the products, the impact would be *lower*.
Getting Rich and Actually Living: This is probably the main point of the blog. For those that actually spent some time on Wall Street (the real kind), you know that the vast majority of them are insecure, boring dorks (complete with overbearing wives). We have been told this is also true in the corporate law environment. If you’re going to get rich and give up your life doing it… Was it really worth it? Probably not. We could all get hit by a bus tomorrow so there is a balance that needs to take place. This website is more of a warning for people who stay on the treadmill as the clock reaches 38, 44, 48 …. years of age. The clock doesn’t stop.
Thanks for taking the time to post and answer questions. You’ve been a big help in my life.
I’m wondering how you feel about flag theory, nomad capitalist, digital nomad type stuff. It’s basically marketed as a cheat code to life. I’ve spent a lot of time overseas and really like it because it is like a cheat code because overseas I’m in the 1%. 5k-10k/month in NYC is nothing. In Bangkok or Prague that’s more than I’d spend. Am I coping out by desiring to live overseas or am I just being pragmatic?
That whole idea is comical because all you’re seeing is how money impacts your status. If you want to live out there then no you don’t need more than $5-10K. If you want to live in the USA you’ll probably need more 9/10 times. That’s another life decision. We don’t intend on leaving the USA any time soon, worse health care, worse services, higher crime etc. But if you’re all for it then that’s your decision not ours.
WSPs is right on this, it’s the relative income that boosts your status.
I’ve spent 4 years abroad living in Asia/Eastern Europe. You do get to live like a boss on what would amount to a small income in first-world countries like the US.
That said, personally looking to repatriate this year, because of a few compelling reasons:
1) Complacency – what I’ve observed in many of my fellow expats is a lot of complacency. When you can live like a king spending $5K per month in a low-cost country, you lose a lot of incentive to level up. It’s easy to get sucked into this mentality.
Plus, it’s playing the big fish in a small pond game and your optionality is limited – that $5K doesn’t go very far if you ever want to move to a high-cost locale, like NYC or London.
2) Cultural Familiarity – when I first went abroad, everything was all new, exciting, and exotic. Over time though, the cultural nuances start grinding on me. Language barriers, lack of a strong local social circle, confusing bureaucracy all starting becoming quite annoying.
3) Opportunity – even though I run an online company, I find the in-person serendipity and opportunities to be largely missing abroad. I think it’s a variety of factors – the $ numbers are bigger in the US/first-world countries and you have a much better understanding on how to navigate those relationships in your home country + how the system works as a whole.
4) Stable Relationship – other than the wanderlust, one of the main reasons I went abroad in the first place is I couldn’t stand the dating game in the US. The grass is indeed greener if you know where to go (and the relative status doesn’t hurt). Now that’s taken care of, one of the main downsides of the US is removed.
Hi, thank you for your high quality posts, I have been reading since 3 years, first time to actually ask a question.
I am 22 years old, have a small marketing business and doing quite fine (~100k a year). I dont have a university degree yet, because I wanted to build the company first. I am starting to study right now, first semester in business informatics.
Even though what I am doing seems to work and I could scale my business further I am losing the energy to perform as good as when I started. I live in a socialist country where the state takes ~60% of my total earnings – increasing steeply with higher incomes. I love my home country and would not want to move away but it seems that there is no other option if I want to build some wealth.
Do you think it woul be best to…
– Let the business run on minimum effort, focus all my energy on university, get my degree, then move away to make money
– Keep pushing my business and earning as much as I could even when the state takes away the majority and pursuing the degree on the side
– A 50/50 balance of both
Thank you for your opinion!
Easy one, in your case you don’t need that degree! You can actually quit if you like, but if you’re risk averse just get decent grades and graduate. 90%+ of time should be in the business.
New name: blockchainplayboys.com
Health Wealth and Stealth
^^ I was gonna say Efficiency for being the central principle but THAT ONE is way better
Health Wealth Stealth x2!
I agree marriage for the average person is a bad idea.
How do you factor in marriage as an estate-planning move? A way for you and your (successful) spouse to pass on assets to you with minimal fuss should they die before you do.
Never did it but we have no doubt you can set up a trust for your kid a without being legally married. We would talk to someone in this situation (we are not).
how do you deal with this paradox :
you need deep and genuine connections with people to have fun in life but you know that statistically you will end up disappointed by people, specially if you are a redpill, having a financial freedom and not sharing their vision of life
Thank you
( From France, so sorry for my poor english)
No paradox at all. It’s a numbers game and if you have sharp social skills you’ll meet the people you want to keep. Getting upset about reality is a losing proposition.
Would agree, not a paradox.
Personally happiness better be intrinsic e.g. how much impact my actions can have towards myself / others.
Lets be real mate on some level you realize most of people have disappointing decisions, bets and even lives – which is actually fine, and normal.
Just gotta spend more time w/ people who share ya views. I find 1 by sifting through 10000s of people. What made it more worthwhile is enjoying the sifting process like a damn leisure :3
Also refrain from using the word “redpill” it’s been overtaken by fedora wearing anti-social kids from the fringes of the internet. As it stands — the word has a negative connotation these days.
You aren’t a “redpill” you’re a rational thinker!
Don’t you dare change the name of the blog after 3 years still makes me smile how absurdly cocky it is
Filters out out people with no humour!
Ha! Yeah the whole idea was to create an emotional title so it would polarize people. Worked.
Now that you have “made it”, what percentage of your free time (from your time awake) every week is spent:
1. Actively pursuing new ventures/growing, scaling and testing new ideas.
2. Managing portfolio, properties, and established bussines.
Very little maybe 10-15 hours a week for each one. Reading takes up the bulk of the free time when we should be “working” becuase it typically solves bigger issues long-term.
Days of long hours are a relic of the past.
That’s awesome. I’ve noticed that people who have made it are usually intellectually curious (e.g. History major from Harvard who crushed it on Wall Street, started a company, and sold it). He now spends his time reading about the history of finance and contributing to the Economist, the Wall Street Journal, the NY Times etc. He loves it.
Hi WallStreetPlayboys, I would like to know when you would know when you would be able to take your foot off the “proverbial” gas pedal (from a work and business perspective) and start focusing on your social life (currently 5%-10% of time)?
I think you mentioned in a prior post that it is better to red-line until you get to financial independence before worrying about your social life.
Current Situation:
1. Mid 20s
2. Earn low 6 figures as part of my job
3. Received a contract to work on a website with assurance that I will take an equity stake on completion (30%-50% stake). Website expected to generate low 7 figures on annual basis (this was as a result of website free-lancing and building websites on the side).
4. 3 streams of income (property, stock portfolio – no dividends, cryptocurrency portfolio)
5. Not currently dating – but have in the past (need to redline > social life)
6. Work out 3-4 times a week with personal trainer.
Thanks!
Have to skip this one your life is up to you. In the book we already answer all this. When you’re “rich” whatever number that is for you, trying to go past that point doesn’t mean much and you shouldn’t be pressing anymore
If you don’t have to work for the rest of your life, you are done. If you do… you’re not done yet. We don’t know how much cash flow you need to be happy
Sometimes all of this feels like cheating. It’s kinda rediculous. All it takes is a website with an “OK” design and a few 100s on fb ads and you have a healthy income. If you grew up dirt poor and NOT in America, a low 6-figure income will shutter your ambition. How do you get pass that mid-tier psychology and keep pushing?
Everyone has a different number as explained in the post, nothing to say here really
Not all sites are so easily advertised, FB, Twitter and IG won’t let you put up ads for sex toy sites, just as an example.
I love to see the “Erase the Ego” theme on your blog, this is a pretty new point of view for you. Like you, I also love the pragmatic approach to life, you only live once and you should not waste it, meaning live as efficiently as you can in order to evolve on all important areas (money, women, freedom). But in the last year I began to approach the spiritual realm (this is why I said I love “Erase the Ego” theme because thinking at your own ego and being aware of it it’a spiritual thing) and I discovered this can be a rewarding interest and one which can calm an intense and driven person like me.
So, my question: How do you view life now, you only view it as you live it once (being tied to this identity) and then you die and that’s it? Or you have a different approach, maybe you believe in something more powerfull, like a general conscience which experiments itself through each of us (given that science can’t explain everything, so who actually knows…?). I know it’s a tough question and I know you said you aren’t into spirituality, but maybe you are and you don’t call it spirituality. Also I saw you agree with Naval on pretty much everything and he’s a very spiritual man (I heard that his favourite writer is Osho).
Thank you.
Easy there is no “point” or “meaning” to life. You just want to be happy for the maximum number of days and ideally do very little damage to the earth. That’s about it.
What do you consider as “fu” (f*ck you) money? I’m from the Bay Area/California and people here are millionaires ($2-3 million in their 40s-50s) but live normal and don’t even feel rich. Seems the barrier is ~$5 million in total net worth before anyone can really feel like they have the ‘fu’ money.
As far as dating goes — if one is by nature introverted and focused on working on building a business, what do you recommend is a good target to try to go out on dates? 1x a week is already hard enough ( have to meet someone, ask them out, have to actually go out; though it is easier with technology today lol, but finding a solid 8+ seems a bit tough)
Same answer we have answered this 100x. FU money is when you don’t have to work anymore.
the Bay Area generally seems terrible, SF gets killed by NYC. The answer is to move. If you want to stay there then figure out how much you need to never work again.
That’s always going to be “FU” money… because you don’t need more money. Which was the point entirely. Means to an end.
Mikael syding has similar view
I entered a previous comment earlier — I feel this is something I’d like to ask instead of the others — if you’re feeling generous, would appreciate an answer to both posts, but if only one question is allowed — please answer this one.
Question:
When you say building a business = solving a difficult problem, do you think this applies mainly to solving a NEW problem? Not new as in a new problem, but new as in not many people have done it successfully/not much competition yet.
Reason for question — currently exploring an opportunity to build a business but there’s a couple of middle sized-big players already. Not huge, they started circa 2012-2013, but definitely are doing well, so there’s real competition and also real success to be made (one of them did around ~$20-30 million in revenue+ in 2017 at I’d estimate 60-65% profit). Nothing huge as far as the real titans like FB/AMZN etc goes — but still impressive.
Do you think it’s worth to try? (I like the business idea, and industry)
Or should I not bother if there’s already alot of competitors?
No it doesn’t have to be “new”. Everyone looks to solve the same old issues of health, skin care, diet, etc…
Of you think you can hit those numbers with the idea you’re crazy not to go for it.
ong-term Relationships / No Change to Legal Marriage…
Agree on both. Is there a preferred workaround for expats to return to the States with their long-term Slavic girlfriend that doesn’t involve getting married? (Especially when neither party values the piece of paper.)
Had to buy compression socks by the case for all the flights out to avoid the cold weather. Game-changing advice by the way!
Huge thank you for 5+ years of the literally life-changing advice your writers have so generously shared. Favorite website ever.
Depending on how important it is for you to have her live with you, you can buy an asset under her name. Yes his costs a good amount of money and increases risk you use it but it would guarantee citizenship. Beyond that we don’t know the legal stuff and haven’t looked into it. Generally, putting money up leads to long-term stays in most countries.
Thanks. The $500k real estate purchase was also the best method I’d come across.
Thanks again for all your help!
Seems to be the case, if you find a new one let us know!
Something that was new to me when I first read it here is the feeding ego part. Does that apply to everyone in your life, including family and close friends or everyone else excluding close friends and family? I ask this because I think being honest with family and close friends can lead to a better and deeper relationship.
Since I have started feeding the egos of people I deal with on a day-to-day basis, the results were impressive. Just tell them what they want to hear, praise them on what’s important to them or put work into. At first it felt fake, like I’m taking advantage of them, but oh well, this is how the world works.
It primarily applies to work. Family/close friends will already know your personality so there is no reason to play the ego game.
You’ll be surprised though feeding the ego works on practically everyone for work. Everyone “believes” they did everything correct, so you should never outshine them unless it is time to do so and will be profitable.
So feeding the ego is typically done with customers and social events
I do not purport to understand what it means to build an asset such as this website (wallstreetplayboys.com) however I do have an idea that I believe could be of value…
I would consider establishing a system of successors such that this blog could last another **century**. Essentially a real life Illuminati. A secret society of people that know how things really work behind the curtain and can anonymously share it so that those young guys who are *bold* enough to claim what is rightfully theirs can successfully walk the long, narrow, lonely road to the promise-land.
Successors who:
– discovered this blog in their most formative years [18-25]
– took action provided here, got rich and remained balanced people (as described above)
– can keep the content relevant for the time (principles the same… tactics updated…) so the next generation of young guys can get the **right** information… successors could add their own experience and unique perspective to the blog in an anonymous way that allows them to truthfully share how things work behind the current, ***at that moment in time*** … (maybe online business isn’t the way to go in 20 years!)
…. Just an idea.
Lol funny man!
Lol
The life advice ideas in this blog could be written by almost every intelligent
self made man.
We should do it blockchain style. It’s all about the principles, and if the community divides we split in forks.
Do you think the globalist NWO use the banks as a tool and therefore, will eventually let banks collapse with their fiat debts?
Or do you think the banks ARE the One-World-Government agenda, and therefore will attempt to ban Bitcoin to keep their power?
Lol what?
This made me spit out the water I was drinking
Fucking crackheads, lmao
Do you think the game in crypto investing in 2018 is:
Understanding underlying tech, find ICOs or small cap crypto with technology that actually makes sense (not just a blockchain hype train rider), invest in 5-10 of those for the HODL.
I assume that other people know this is the move too, but won’t have the technical knowledge or the persistence to go through with it.
It seems like most slightly above average guys in Crypto basically just read Reddit and look at technical analysis websites/blogs. Both seem stupid. So do you think the above is the way to get the edge on crypto bro regulars in 2018?
Thanks.
Already covered in book
Re: name of blog “If anyone gets a good idea let us know”
smileandnod.org
Has WSPB ever thought about starting a facebook group? Would be cool to meet fellow WSPB from all over the world since we’re all the same type of people. Also bounce around ideas, ect.
Nah no chance too time consuming
Bros, much love.
Catoshi.
What do you guys read these days? I’ve started to get bored of most (current) books. They are the same thing rehashed over and over at some point.
Nothing game changing lately
Great post! Not having to go to an office, how do you make sure you go out and about so you don’t sit all day, yet in an efficient way?
P.S. Hope you don’t change the name, it has come to mean a lot the past 5 years or so and reminding us how it all started.
Eat all your meals out, breakfast lunch and dinner and chat up the people around you. This way you’re not a hermit!
It is ridiculous how little people know about the power of real estate investing. Personally, I believe all the money is made in appreciation. 5x leverage at dirt cheap rates with no possible margin call. Best investment out there for the average joe.
Not sure if you’re married or have kids yet. I have one on the way already so it doesn’t matter but I’d be interested in your thoughts. Best age to start having kids as a man?
Competitive local public school (ex. Stuyvesant) or top local private school or boarding school (ex. Andover)?
When you are financially independent then you can have kids. No age.
Homeschool so neither!
Haha. Only beef I have with homeschooling is it’s not what you know, it’s who you know 😉
Though I have suceeeded on the money side of things, socialising is my ‘weak’ point. I am reasonable looking and have things going in the right direction
In Efficiency you say going out regularly for a year should help fix this. Could you elaborate on what to try? (Perhaps based on other successes)
Easy, go to the place where you want to be part of the group of people. Every place from a bar to a library attracts a certain niche. Then talk to everyone. Problem solved in 1 year max
I did it. Age 22. Doable. One year and back at work.
When do you expect mess influx of institutional investors in the crypto market?
End of Q1 or so
Hey guys,
Let me know what you think of “secretknowledgeofmoney.com” I assume this may generate more traffic, so you can put out more MVPs (efficiency, ΔInvesting, etc.) before having the traffic here convert on a $997 info product! Only (kinda) kidding; I, as well as others are curious to know how you’ll monetize us eventually!
Interesting update on life philosophy – need to remember that nobody likes the type A guy (best to be type A but have a type B lifestyle/personality). I can see how your views on marriage have garnered critique. i.e. if you make the executive decision to marry somebody, would not you agree that you’re recognizing that her value (beauty / motherliness / etc.) is equal to the value of your wealth? Why then wouldn’t she theoretically be entitled to half your assets if you consider her your equal? I hold your view but I’m still pondering over this. That being said I have no plan on signing any documentation (besides a pre-nup of course).
Quick Q before you sign off. It’s 2nd semester senior year (start family office job in July). I have decent knowledge of AM/eCommerce/Dropshipping, etc. from the guys I’ve met through STM. However, I have very little capital (can’t pay for fixed costs, testing traffic, etc.) Any idea on what I can be doing to build a business while still in school with 0 capital? Lever up? Trade time for money? Focus instead on studying/making more (successful) friends at University, and wait until my signing bonus hits / my job starts?
Cheers to the rest of the year. Many thanks for the unparalleled value.
-$Train
Always covered in efficiency, worst case you work ina career for 6-12 months save every cent then go straight to your online biz. If you’re already well versed in it, you’ll be rich well before 30. Early congrats!
Much appreciated. Nonetheless I’ll find a way to make things work before then! Keep up the good work guys, and let me know if you’re ever in FL!
90% of the question here are still about money lol. You said before that there is no fun in life without a challenge. I took this to heart and it has really worked out for me. What is the challenge now for you guys?
Simplistically being more efficient, if you make $xM working 15 hours a week instead of 25 that’s a win.
First off, thank you for the years of fun. Been following since I was a junior in high school and am doing incredibly well so far.
Quick question. In your opinion, what are the main lifestyle benefits of having $50M vs $10M in a city like Los Angeles or NYC? The main reason I ask if because the approach to starting a business would be very different (i.e. having a lean internet company w/o employees vs a much bigger business that has employees and is built to sell).
Is it really worth the extra time and headache? Aside from having a beautiful estate and car collection, what benefits are there?
Lol pretty much nothing. Google billionaire says difference between $20M and $100m is non-existant
+1 for the mention of massage therapy. If you are in the top 10% fitness wise you are going to get some bangs and bruises along the way. Better to get these taken care on a weekly/biweekly basis then when you turn fifty and can barely move. One of the best investments!
How much of the crypto coins do you believe to be legit? Some of them have to be pump and dumps.
I always find it astounding the amount of “entrepreneur” types that go get married/defend marriage!
You would think of all people, these people would be analytically on-the-ball about shit and realize: marriage is the dumbest move you could ever make.
And then they go fish in their brain for some obscure reason you’ve never heard of, like “estate planning” or like a friend argued with me the other day “religious reasons”(this guy’s not even really religious). As if that’s why they tied the knot when we all know it was for one reason: social approval/validation from the crowd of idiots that think marriage is an accomplishment.
Sorry for the rant but I just find this one little topic absolutely fascinating.
There’s not a choice more obviously dumb and yet I see piles of people from high school getting married left and right, even some that I thought were smarter.
Getting married actually reduces your taxes so long as your wife doesn’t work (or doesn’t earn much relative to you). Still doesn’t outweigh the other negatives of marriage in today’s day and age. But what woman worthy of carrying your seed would intentionally become an unmarried mother? If you want kids, realistically you’re gonna have to get hitched. More power to you if you can dodge it, but seems unlikely.
Trust in name of child. Done!
Have any of the authors at WSP actually done this? I.e., have kids with a long-term girlfriend, avoid marriage but maintain a relationship with the girl and kids, and just solve everything with a trust in the name of the children?
No, we have friends that have
You don’t “realistically” need to get married to have kids. I know plenty of people with kids that aren’t married- they’re smart.
If you have to bribe a girl for anything with marriage you’re a chump. It’s not a fair agreement. Under no circumstances should you ever get legally married.
If you have any ability to attract and keep women, this can all be explained to them, plus all the other trappings of marriage can be had without the papers- which is all women really want anyways.
Also if you have a high income(multiple 6 figures a year), I’m pretty sure marriage blatantly increases your income taxes regardless of what your wife makes.
“Also if you have a high income(multiple 6 figures a year), I’m pretty sure marriage blatantly increases your income taxes regardless of what your wife makes.”
Source? Take a look at the IRS rate tables; the highest rate kicks in later for married filing jointly compared to single, and also lets you earn more at lower intermediate rates compared to single (again, this is for a low- or zero-earning spouse scenario). This means you pay less tax when you file jointly. Further, spouses get double the tax exemption for many important tax breaks, e.g., capital gains from housing.
Again, this reason by itself does not marriage is a good idea, but get your facts straight.
2019 book suggestion title by WSP:
Smile, Nod and Agree – Your Way To Personal Success
1.) I’m willing to make the Facebook group and moderate it for us if WSP will post it on their site for everyone to see and join. I’ve already had several win-win relationships by putting my own FB info in the comment section and many more could be created.
2.) Would be interesting to see a write of the types of women in each country and how their culture, values and personality might suit each lifestyle type. For example the most female populated city in the world Kiev, Ukraine has some of the most polite and beautiful women because they are all in intense competition to find good husband so they act very ladylike, are highly intelligent and accomplished, take extremely great care of themselves and are very very loyal. I would love to make a write up for you guy’s for each culture if interested.
3.) Curious to know what anyone here thinks of getting married in another country with a contract that leaves out the sharing and ownership of any material/financial possessions since that seems to be the worry. Not sure if she will be able to switch her last name to mine through this process.
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Firstly, “Triangle Investing” is the best 7USD I have ever spent in my life. Thank you for your time and effort put into this website and its products, you guys have COMPLETELY changed my life since I started reading it when I was 17 (19 now).
My question:
1) how to move to USA with H1B visa?
I currently live in New Zealand, a small oceanlocked country designed for rich retired old people. Overpriced, sterile, low pay, isolated from the rest of the world and extremely boring.
After reading the “NYC vs San Fran” post I have become obsessed with the idea of moving.
I’m currently studying Engineering in University but I’m almost certainly going to pursue a sales career, my talents lie in synthesis/intent.
I’m struggling to find good information about H1B visas, do you guys know any foreigners (preferably from Australia/NZ) that have moved to NYC with H1b visas, and what kind of jobs they do to get sponsored?
Thank you
We have never gotten a visa for the USA so we’re not the best people to ask
digging a ditch with a spoon…
great reminder to some of us still in careers that a 12 hour work day isn’t really a 12 hour work day if:
– 3 hours spent on the phone/amazon/twitter
– 2 hours spent answering emails
– 1 hour spent eating (sometimes more)
– 1 hour spent on socializing/gossip with people who don’t matter
– the list goes on…
Feeding others ego and erasing your own is so hard tbh.
I have been sticking it to people, that either treated me poorly in the past or have some delusional belief they are superior.
Handing business cards to old enemies and acting like I’ll hire them, only for them to call me a few times and beg for a job. LOL
All I have to do is see them in person with a 99%ile physique and add them on linkdein and the next time I run into them they just hate themselves/me.
Now do I have to treat others as equal if they are now loser and offer nothing to my rolodex?
Sounds like newly rich! Lots of people go through this phase as well
In the end you’ll eventually realize you gained nothing by trolling them and spend more time smiling and nodding instead. They don’t bother you later and you don’t exert energy
What do you think about marriage in which the woman is attractive and has vastly more resources than yourself? I’m talking decamillionaire or more level