An idea I believe more and more is that a certain level of ignorance can be a huge ingredient for success.
Initially underestimating the amount of work required leads to you starting something you otherwise wouldn't have, for example. Then, after doing the work, you succeed.
Initially underestimating the amount of work required leads to you starting something you otherwise wouldn't have, for example. Then, after doing the work, you succeed.
Underestimating your startup's risk of failure might lead to you taking more chances and eventually hitting a homerun.
Same thing for an investor who takes bigger swings in bull markets, and nails it, because he hasn't been wrecked by a bear market.
Same thing for an investor who takes bigger swings in bull markets, and nails it, because he hasn't been wrecked by a bear market.
In my own life, I initially thought it was easy as hell to make a living writing online.
"Oh just get X amount of people to read your stuff and then you can make six figures."
It's actually hard as hell to get momentum going, but I was so naive I didn't even notice lol
"Oh just get X amount of people to read your stuff and then you can make six figures."
It's actually hard as hell to get momentum going, but I was so naive I didn't even notice lol
Like I literally spent a good 5 months just throwing shit at the wall to see what stuck, and nothing popped off, and I didn't even notice.
Just kept writing stuff because I thought it would be pretty cool if I could do it for a living lol.
Just kept writing stuff because I thought it would be pretty cool if I could do it for a living lol.
Now it's been like 11 months and things are going well, but if you had told me I would write 40-50 pieces and get NOTHING from it, that would have been way more discouraging than seeing people who had already made it and thinking, "Oh they did it. I can too."
But yes I did actually think starting a blog was a literal no brainer way to make $500k a year, while conveniently ignoring that you have to write well, can't run out of ideas, have to market, figure out ads/subscriptions, KEEP WRITING WELL, etc.
It's actually a lot lol
It's actually a lot lol
But then you see podcasts and videos of how people who have "made it" (@packyM and @waitbutwhy are two I watched) and you're like "damn it was actually a multi-year thing."
But by that point you have enough momentum that you're starting to figure it out so you keep going.
But by that point you have enough momentum that you're starting to figure it out so you keep going.
But I didn't know how much work it would take. So I was just typing away four like four months in random hostels and trains and Starbucks in Europe completely oblivious lol
By the time I realized it was hard, the hard part was already over.
By the time I realized it was hard, the hard part was already over.
To summarize this whole brain blast: stay stupid long enough to figure it out.
You'll either be too stupid to figure it out, or too stupid to realize it's actually hard. And by the time you realize it's hard, you'll probably figure it out.
Win-win.
You'll either be too stupid to figure it out, or too stupid to realize it's actually hard. And by the time you realize it's hard, you'll probably figure it out.
Win-win.
I wrote a blog around a similar topic a few weeks ago. If you can do the boring stuff long enough, you'll probably win.
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youngmoney.co
I publish a couple of these a week, if you liked this one, add your email 🤝
youngmoney.co
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