I think I might be the richest millennial I know, or at least anybody who is born in 1988, besides Mark Zuckerberg.

How and why?

First, I think I am the only millennial I know with literally zero debt. Like zero mortgage, which is debt, zero car payments, zero college loans etc. Actually if I think about this in retrospect, growing up poor might have been the most beneficial things: seeing the evils of gambling via my dad, and crushing debt bankruptcy through my mom… Was probably the best indicator or learner that I had in terms of real life experience, in terms of how terrible the evils of debt is.

And also, even going to college… Essentially being able to go for “free”, because my family was poor, I got all these scholarships in grants, and work-study loans, which essentially means that I still have to work, but at least, I had to take on zero debt to pay for my dorm apartment etc.

Only money I borrowed was about $10,000, more for fun; I use that money to backpack through Europe, travel the world in between my junior and senior year etc. But that was optional.

And also, I think the really really big thing; never spending more than $2500 USD on a car?  I think that was the sticker price for the last car I purchased which was a 1990 Miata, when I was 21 years old, it might’ve been $3000 USD, getting it used on craigslist, ironically enough because the man selling it had a child on the way, and sold it because it was no longer useful to him having to raise a kid. Funny that I am in similar shoes now, now that Seneca is 3 1/2 years old.

Mindset

I think the number one critical thing is to just change your mindset. I sent you what I have learned after the almost 15 years of being self-employed, ever since I was 21 until 36… Is truth be told, nothing in the world is really worth it. No amount of money eating out at a restaurant is ever worth it; purchasing beef ribs at Costco and baking it at home is at least a 100 X superior yield than any restaurant, or even all all you can eat Korean barbecue; currently, my favorite spot is chubby cattle, but even though they issue there is they have a 90 minute time limit, I think my current record is about 70 plates of beef tongue.  I just went to the recent little Tokyo branch which just opened, and the servers, their jaws dropped; asking me whether I was a bodybuilder, given how much I ate, even on the last call I asked for 20 plates of beef tongue, they were skeptical, but I finished it all quite easily.

Spartan is sexy.

True insights ,,, take real risks

Y’all niggas still taking advances huh? Me and my niggas were taking real chances huh! – Jay Z

Ultimate mindset I suggest is ghost spartan. Just watching a movie 300, think about King Leonidas. Would King Leonidas blow his money on a Tesla cyber truck, Lamborghini or Porsche? No! He would know that these things were just for the Persian slaves, those giving fellatio to King Xerxes.

Do you want to be one of the 300 Spartan elite, or do you be one of the million Persian slaves?

There is a motto in the US military, freedom is not free. I would actually say the opposite; freedom is expensive, very expensive.

True freedom is what you decide to give up, forgo, or sacrifice. This is embodied via the fact that you never eat out, you don’t drink alcohol, you don’t smoke weed or do drugs, you don’t go on trips to Vegas, you don’t watch pornography, you don’t watch any media, You don’t listen to music, podcast, etc. You don’t watch YouTube, Instagram or TikTok.

People think that being rich means I have millions of dollars, and I want to just spend it all buying stuff. But there is a difference between having $1 million in the bank, and going out and buying a $1 million Bugatti. 

Even Kanye West had a funny quote about being a multi billionaire; you don’t want to be a billionaire because if you are worth $1 billion, you go out and you buy a McDonald’s hamburger for a dollar, and now you’re only a $999,999,999 Aire.

Investing

You want real real exposure to risk and reward.

For me, certainly there is a great surge of power joy when you see your investments yield. To see the number go up is good and to see it keep going on is a good thing.

For example, very surprising, people are starting to know that I am an investor, or a traitor because I walk around super happy, huge grin on my face, like Arnold in his prime. A boyish grin. And smiles all around!

I think people could smell and sense high testosterone, high power and energy. Even though I dress like a homeless person, half of the time I’m not even wearing a shirt, but people they know.

So essentially the first rule on investing is simple: don’t lose money. Never put your money into anything that you think will cause you to lose money.

So for example, a lot of people think that bitcoin is super risky, but actually it is not. It is just very volatile. And funny enough, it’s a feature not a bug!

The volatility of bitcoin is a feature not a bug!

To quote Michael sailor, volatility is vitality. The more volatile something is, the more energy they have. To quote the recent Bernstein interview that Michael Saylor had, the reason why LeBron James is the most potent force on the court is because he is the most volatile. Also, volatility is good when it comes to Tsunami because it has massive power.

And also, an insight I gleaned is the reason why bitcoin’s price goes up and down all the time, is that it is being traded 24 seven, all the time in real time. Maybe the reason we see less volatility in the traditional markets is because they close! But imagine there was a Cuban missile crisis, Friday night, can you imagine the insanity; you’re not able to withdraw your money or sell your stocks until Monday morning?

And currently we are in the year 2024… We are supposed to be so into the future. It still boggles my mind why in the year 2024, the markets close and open? I also did some ChatGPT research on this, why this is, and there are some weird notions of work life balance, or maybe because back in day when stocks were actually traded on the physical floor, Like the wolf of Wall Street, it is because they literally traded stocks like pieces of paper, and it was in the physical realm?

But now, because it is all digital… And half of the agents trading online are just thoughts and robots, there’s literally zero sense for anybody to trade anything that is not online.

Well let me give you a better example, we have all these hipsters telling us that film vinyl in analog things are better. But do they use an iPhone which is powered by gasoline? Or film cartridges?

Can you imagine living without the Internet?

What’s more important, water or Wi-Fi?

Certainly water is more valuable, but I think the way that people treated nowadays is that Wi-Fi, having Internet connectivity 5G is more critical.

I would actually say even with food; you could fast somebody for 40 hours, and even if they have water they will not die. But, if you try doing that with Internet, I think the downsides would be much greater.

easier to fast 40 days without food than to fast 40 days without Wi-Fi. 

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