You have your little plan, but Mike Tyson’s coming for you too and we all have forces that are working against us. It’s easy to win a chess game when the other person can’t move, but we live in the world, where other people are moving too. They’re all like, “Well, Warren Buffet made money doing this,” but they never personalize it to themselves. It’s like what Mike Tyson said, “Everybody has a plan, until I punch him in the mouth”.Ī plan is what most people have. I asked him, but have you strategized on executing on the fly on any of this? Because this won’t work in real life situations. Where’d he’d spend countless hours analyzing every little data dumped from the system, but it was an excel sheet with like 1000+ rows. Once at my previous work where I was a VP of a department, a guy brought this spreadsheet to my office, it was insanity. Everyone has a plan until they get punched in the mouth You know you do it wrong when you become an over analyzer, you build a huge logical base of knowledge. The Strategy part is the step a lot of people in this room and myself might do wrong. He might believe in himself and his mom told him he’ll always succeed, but you don’t wanna believe in him. Nobody wants to go to a surgeon and they’re all like, “Which side is it on again?”. You’d want to work with a doctor who’s done 10,000 surgeries. The world’s not yet a crazy enough place to reward a whole bunch of undeserving people.”įor instance, let’s say you’re looking for a heart surgeon to perform surgery on you. We’re overly optimistic because we forget what billionaire Warren Buffet said, “To get what you want, you have to deserve what you want. Federal Reserve, after running the banking system, said he learned that the average person is overly optimistic. Are you just optimistic? Without ever putting in the work?Īlan Greenspan, the former head of the U.S. You have to have a large knowledge base, it’s not enough to just believe in yourself. Many of you who’re reading this, and even myself, have at times done things out of order, or have done only Strategy, without ever doing the Execution or vice versa. Here’s the formula for success that one of my mentors gave me: Mentors is another way, courses, programs, and masterminds are other ways. If I could give my 20-year-old self advice, I would say to become very good at analyzing other people’s mistakes. That’s too slow of a learning curve and the reason we go so slow is we forget the great saying, that says it’s true we only learn from mistakes, but they don’t have to be ours. If you do the math, they’ll be a millionaire at about 150 or so if they get 6-7% return on their money. Last I checked, the average American retires with only $60,000 at 70. Most people on average would be a millionaire at the ripe old age of 150 going at their current learning curve rate. I believe it was Hippocrates, the ancient Greek physician, who once said, “Art is long, but life is short.” The average American will become a millionaire if they can reach 150 years oldĬan you believe this? It’s ridiculous. Do whatever it takes to cut the learning curve! If I can go back in time to when I was 20 years old, knowing what I know now, here’s the best advice I would give to myself:ĭon’t go at a snail’s pace like everyone else. Have you ever wished you could go back in time to change some of the decisions you’ve made? Maybe correct some mistakes, try something different, or be a better person? The #1 advice for younger Tim
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