Joel H > Recent Status Updates

Distribution is a powerful tool. Humans are expensive, the either make or break your business.

I controlled my financial plan; the plan didn’t control me. Fastlaners accelerate wealth by building cash-flowing assets that can be sold in the marketplace to realize gains. Money grows on trees if you own a money tree

I’ll rather have exposure to 12,000 people a day, than maxing out my hours at work which is only 24. 12,000 vs 24, is it really a question ? You have greater control over your leverage (%) doing your business that you own than asking your boss for a raise (%). Asset value is what you own that has marketplace value. Slowlaners buy Depreciation Assets like designer, Fastlaners buy Appreciating Assets like Business

Wealth = Net Profit + Asset Value
Net Profit = Units sold x Unit Price
Asset Value = Net Profit x Industry Multiplie

The fast lane is like the industrial revolution, make things better and faster basically make it have more value. “Azur, your short-sightedness and thirst for wealth have clouded your vision. You build your pyramid, and I will build mine.” Azur is the slowlaner, he is the source of heavy lifting, Chuma is the fastlaner, he made a system do the heavy lifting for him. Consumers seek producers for their needs

slowlane failure rate is 75%. A million today isn’t a million like it was years ago, you need 10 million for it be enjoyable. Slowlaners and fastlaners are the opposite. One goes to school for an mba and the other hires them

The slowlane is all hope not fact. it’s always trying to fight time when it’s not possible. slowlaners also like to rely on others for their financial plan. Everything else but themselves.

Gurus preach what they don’t do. They’ll sell you the dream you want without any real success. They sell you the slowlane, which isn’t the reason they become “rich”, but they operate on a different system, the fast lane. they make millions selling millions of books about how to get rich

If an education degree increases your salary by 15%, but takes 15 years to pay, was it a good investment?

I’m not rich because i don’t have control over anything in my life. Everything is dependent on time, which is something we can’t control. Why should i wait 40 years for 1M+ when it’s not promised i’ll live that long. Why not trade 5-10 years for the same result but with a more higher return?

We trade 5 days for 2 days of freedom, -60% investment, something we wouldn’t do with our money. Better to invest 7-0 for a return of 0-7. Don’t trade freedom for less freedom. Life isn’t great, but it isn’t so bad either

The SlowLane as a total plan is the problem, not the SlowLane being a piece of the plan. I learned about Intrinsic Value being about the true value of the stock or asset. And learned more about Compound interest, you put c into the account and get a % for your x, which repeats over and over.

Reading about the slowlane introduction. So far as I understand, the slowlane is about living way below your needs. Not enjoying life like you should be, for a rich future in 40-50 years. The problem with this, is you die with no experience of what life has to offer. You’ll be the richest one in your nursing home

Stop putting the blame on others, and depending on others to give you what you want, because that’s getting you nowhere. You Need To Get After It. Made a mistake? Okay it’s your fault own it and do different next time. Always think logically before you turn out the idiot. Some people need a bitch slap to wake up.

Don’t fall for instant gratification. Losers focus on events and winners focus on process

Have a bulletproof plan that can withstand many bullets (drawbacks) A sidewalker always has an excuse. It’s no one’s fault but yours for your life now. Financial discipline will make you go further

Process is what leads to event. It’s like a recipe, without an ingredient(Process), the recipe(Event) stalls/fails. Your results show the effort you put in. Sacrifice Is Major in this. Tomorrow for today

Make a contributing difference

Mj talks about his first time encountering his dream car, and how it changes his life

Get rich slow is basically retirement at 70 barely able to do any activity because of age

If you want to keep getting what you’re getting, keep doing what you are doing.

reputation matters a lot. You can have work done just from people knowing your reputation alone, without you having to do anything

tame your tongue, and conceal your true motives

Law 2 To learn how to use friends and enemies to your benefit. Friends are more dangerous than enemies, for they can cause the most damage but also be super beneficial. Enemies are dangerous too, but can be super useful if you use them right, as they have more to prove than a friend

Look at problems from different angles, not just from one. Think of anomalies as the creative form of such mutations, you can illuminate the future before anyone else by studying it. The equivalent of seeing the negative cue-is to focus our attention on some need that is not currently being met, on what is absent. Time and mindset are the biggest factors in life.

Make your ideas into prototypes and get feedback to improve it to perfect. A closed mind will never get you anywhere

Many people made discovery's from trying different things, and making connections from different work. Expand your knowledge in other same fields to make connections

You must develop the habit of suspending the need to judge everything that crosses your path. The negative capability, to suppress your ego and be open to all opinions, and possibilities.

You must have patience and faith that what you are doing will yield something important. You must have an obsessive element to your task. You will then feel personally committed to solving the problem and WILL NOT REST UNTIL YOU DO SO. Your emotions and how you feel will show in your work. You cannot find anything new if you are unwilling to leave the shore.

A new challenge to conquer, If the piece was new and hard to figure out, he would attack it day and night with such tenacity that it would soon become part of his repertoire. He was not a freak, but a signpost of the outer reaches of the creative potential we all naturally possess.