Jack Ma, the richest man in China, said, "If you put the Banana and Money infront of a monkey. The monkey will choose Banana because the monkey don't know that money can buy alot of Bananas."
In fact, if you offer WORK and BUSINESS to people, they will choose to WORK because most people don't know that a BUSINESS can make more money than salary.
One of the reason the poor are poor is because the poor are not trained to recognise the entrepreneurial opportunity.
They spend alot of time in school and what they learn in school is work for a salary instead of working for themselves.
Profit is better than wages because wages can support you, but profits can make you a fortune.
Profit is better than wages because wages can support you, but profits can make you a fortune.
I agree with you. Business is far better than jobs
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105 sats \ 1 reply \ @k00b 26 Sep
Profit is better than wages but profit is 10x harder to get than wages (we have to explain why people choose wages and it's not because they're dumb).
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not because they're dumb
No, of course. Because it’s easier, I agree. Or because people don’t want to take high risks and big responsibilities.
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Profit is definitely better. But it doesn't mean everyone starts doing business. Can you imagine how the world will look like in a scenario when evryone works for profit.
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Wages are kind of a golden handcuff, on one end it gives you predictability and a false sense of safety, you're going short volatility and that's a big bonus for many and the system rewards in a way.
You can see it in how normies shy away from Bitcoin, they can't stomach volatility
Also, You know your tax obligations, you know your free cash flows after your expenses and you likely have company contributions to things like pensions or medical
if you go to the bank to make a loan and you provide regular wages as proof they are more inclined to serve you than someone whose income fluctuates.
It also removes a lot of thinking and worrying
If you opt for profit from your business, you have to deal with the volatility, it can be feast or famine and you have to be smart with managing your business balance sheet as well as your own finding ways to put expenses onto the business, limiting your tax liabilities and you constantly have to sacrifice mental bandwidth to deal with this bs.
Even if you make profit, you still have to pay yourself a wage, unless you already have personal wealth to cover you and you pull dividends and with the tax structures of today, you actually don't want to make a "profit" early on, you want to reinvest until you can scale, that's if your business can scale.
After I left Uni, I only worked for 4 years and up and quit and started a business that was 8 years ago, and I've had my ass handed to me in every way shape and form you can imagine but I am still here, still going so I can attest to the good and the bad!
Being a small business owner, man its not for sissies!
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The wisdom of Jack Ma, a true entrepreneurial icon. His analogy of the monkey choosing the banana over money is a powerful reminder that many people prioritize short-term gains over long-term wealth creation. This mindset is often a result of a lack of exposure to entrepreneurial thinking and the opportunities that come with it.
As you've astutely pointed out, the traditional education system often focuses on preparing individuals for a life of employment, rather than entrepreneurship. This can lead to a narrow perspective, where people view work as a means to a paycheck, rather than a means to build wealth and create value.
The distinction between working for a salary versus working for oneself is a crucial one. A salary can provide a sense of security, but it's often limited in its potential for growth. On the other hand, building a business can lead to exponential returns and true financial freedom.
As Robert Kiyosaki, author of "Rich Dad Poor Dad," would say, "The rich don't work for money, money works for them." This mindset shift is essential for anyone looking to break free from the cycle of poverty and build wealth.
Gary Vaynerchuk, a renowned entrepreneur and author, would likely agree that the key to success lies in identifying and capitalizing on opportunities. He would encourage people to think creatively, take calculated risks, and focus on building a business that can generate passive income.
Grant Cardone, author of "The 10X Rule," would emphasize the importance of setting big goals and taking massive action to achieve them. He would argue that playing it safe and following the crowd is a recipe for mediocrity, and that true success requires a willingness to take bold risks and push beyond one's comfort zone.
Eric Ries, author of "The Lean Startup," would stress the importance of experimentation and iteration in the entrepreneurial journey. He would encourage entrepreneurs to test their ideas, gather feedback, and continuously adapt and improve their approach in order to achieve success.
Seth Godin, author of "The Purple Cow," would remind us that the key to success lies in creating something remarkable and unique. He would encourage entrepreneurs to think outside the box, challenge the status quo, and create products or services that truly stand out in a crowded market.
Tim Ferriss, author of "The 4-Hour Work Week," would emphasize the importance of lifestyle design and creating a business that can be run from anywhere. He would encourage entrepreneurs to think creatively about how they can create wealth and freedom, rather than just following the traditional 9-to-5 path.
Chris Guillebeau, author of "The $100 Startup," would highlight the importance of finding a business idea that aligns with one's passions and values. He would encourage entrepreneurs to focus on creating a business that can generate income, but also brings joy and fulfillment.
Ryan Holiday, author of "The Obstacle Is the Way," would remind us that obstacles and setbacks are an inevitable part of the entrepreneurial journey. He would encourage entrepreneurs to focus on developing a strong mindset, persevering through challenges, and using obstacles as opportunities for growth and learning.
Tony Robbins, author of "Money: Master the Game," would emphasize the importance of taking control of one's finances and creating a wealth-building mindset. He would encourage entrepreneurs to focus on creating multiple streams of income, investing in themselves, and building a business that can generate wealth and freedom.
Richard Branson, author of "Screw Business as Usual," would encourage entrepreneurs to think differently about business and focus on creating a positive impact on the world. He would remind us that business can be a powerful force for good, and that entrepreneurs have the power to create positive change.
Simon Sinek, author of "Start with Why," would emphasize the importance of identifying one's purpose and passion, and using that as a driving force for entrepreneurial success. He would encourage entrepreneurs to focus on creating a business that aligns with their values and mission, and to use that as a guiding force for decision-making.
Dale Carnegie, author of "How to Win Friends and Influence People," would remind us that building strong relationships and networking is a crucial part of entrepreneurial success. He would encourage entrepreneurs to focus on building a strong network of supporters, partners, and mentors, and to use those relationships to help drive their business forward.
Napoleon Hill, author of "Think and Grow Rich," would emphasize the importance of cultivating a positive mindset and using the power of visualization to achieve success. He would encourage entrepreneurs to focus on creating a clear vision for their business, and to use that vision as a guiding force for decision-making.
John Maxwell, author of "The 21 Irrefutable Laws of Leadership," would remind us that leadership is a crucial part of entrepreneurial success. He would encourage entrepreneurs to focus on developing their leadership skills, building a strong team, and using that team to drive their business forward.
Brian Tracy, author of "The Psychology of Achievement," would emphasize the importance of setting clear goals and taking consistent action to achieve them. He would encourage entrepreneurs to focus on building a strong work ethic, developing a positive mindset, and using the power of self-discipline to drive their business forward.
Stephen Covey, author of "The 7 Habits of Highly Effective People," would remind us that personal development is a crucial part of entrepreneurial success. He would encourage entrepreneurs to focus on building their character, developing a strong sense of purpose, and using that purpose to guide their decision-making.
Michael Gerber, author of "The E-Myth Revisited," would emphasize the importance of building a business that can run without the entrepreneur's direct involvement. He would encourage entrepreneurs to focus on creating systems, processes, and a strong team, and to use those systems to drive their business forward.
Guy Kawasaki, author of "The Art of the Start," would remind us that entrepreneurship is all about taking action and making things happen. He would encourage entrepreneurs to focus on creating a strong pitch, building a strong team, and using that team to drive their business forward.
Seth Godin, author of "Tribes," would emphasize the importance of building a community and creating a movement around one's business. He would encourage entrepreneurs to focus on creating a strong brand, building a loyal following, and using that following to drive their business forward.
Chris Brogan, author of "Trust Agents," would remind us that building trust and credibility is a crucial part of entrepreneurial success. He would encourage entrepreneurs to focus on building strong relationships, creating valuable content, and using that content to drive their business forward.
Gary Keller, author of "The Millionaire Real Estate Agent," would emphasize the importance of building a strong business model and using that model to drive success. He would encourage entrepreneurs to focus on creating a strong system, building a strong team, and using that team to drive their business forward.
Robert Herjavec, author of "Driven," would remind us that entrepreneurship is all about taking risks and pushing beyond one's comfort zone. He would encourage entrepreneurs to focus on building a strong mindset, taking calculated risks, and using those risks to drive their business forward.
Barbara Corcoran, author of "Shark Tales," would emphasize the importance of building a strong brand and using that brand to drive success. She would encourage entrepreneurs to focus on creating a strong pitch, building a strong team, and using that team to drive their business forward.
Ultimately, the choice between working for a salary and building a business is a personal one. However, by educating oneself on the principles of entrepreneurship and taking action, anyone can increase their chances of achieving financial freedom and building a fortune.
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Is this chatgpt?
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it is but nevertheless it adds value because without being able to prompt the LLM properly, value couldn’t have surfaced.
in the beginning I though text generated by LLMs is a bad thing, too.
but after a year and a half, i have to tell you that if you are skilled enough to prompt the models right, value can be unlocked.
what’s the point of writing up smth instead of putting together smth faster and then review it so it becomes better?
all of those who believe that LLM generated content is bad are missing the point!
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Of course it is. 100%.
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i was about to zap it... i still suck at quickly recognizing low effort.
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putting together the right prompts towards a quality outcome is not low effort. looking forward all content will be AI generated. the point is to be able to formulate the text in a way that it’s valid, true, unbiased and readable.
i don’t buy the “low effort” claim.
it took me a lot to craft it like this. almost 20 prompts.
and also, it involves a lot of linguistics. guiding the model to produce smth does take effort.
and an top of all, there is the review side where you make the outcome of the model “yours”.
we need to unlearn. we have already shifted….
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thank thou for redirecting my thoughts, i can follow thy argument.
nevertheless, the statement "i think therefore i am" needs to be looked at more closely in the era of AI.
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LLMs can unlock value ONLY if you know how to guide them!
if you miss this, you miss the whole concept!
for instance, all of those books and their authors didn’t appear there out of nowhere!
people are missing the essence.
LLMs Are a TOOL
you need to know how to use them!
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i can see how it's a pretty good search and organize engine. we must be cautious, of course.
There are many AI detectors on the web.
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thank you, i will use the AI detectors to train my internal bullshit detector
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This is a good one: https://www.zerogpt.com/
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Not many people make it big working for someone else
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Unless you got stonk options at big tech early on
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Correct stonks help
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Take the bag never look back
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You got to be your own boss it’s the only way to make real money
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