Post: #101

Anyone positioning themselves as an expert on entrepreneurship really should be able to point to an actual business they built, before they wrote the book. Basic proof and credibility.

There are so many fake gurus and experts so Suits' skepticism is def warranted.

Take Felix Dennis for example - you can look up Dennis Publishing and all the actual magazines they produced. Adds so much credibility and made his book a bestseller. If someone is preaching advice, but won't reveal their business, you have to ask why.

Edit: 30 secs of research later, and turns out MJ created and sold Limos.com just before the dotcom bubble burst. That'd do it!

Post: #102

(08-07-2017 06:00 PM)RichieP Wrote:  ....turns out MJ created and sold Limos.com just before the dotcom bubble burst.

Exactly. I see no evidence that he is capable of succeeding in a non-dotcom bubble environment.

His success is most likely evidence of the tendency during the dotcom bubble to overvalue web-properties than any proof of him having valuable advice.

If you've read his book, you'll know that he's between a rock and a hard place to offer advice that falls outside of the range of "create an app and sell it for millions!"

It's that type of thinking that has tens-of-thousands of non-creative without a marketable idea create apps that no one will ever use and will never be worth anything.

I have still haven't seen an evidence of MJ having any successes aside for limos.com. Given his penchant for bragging, I can only assume that if he had any other winners, I'm sure he would have taken the time to mention it in his poorly written book.

There's a reason why his best means of earning an income now is selling "a get rich quick e-book."

For the haters, let me remind you that I have repeatedly stated that he does have some useful nuggets of wisdom. Just not enough to fill a book, which explains the shoddy quality of his first book (and probably his second).

I'm still guessing that he burned through most of his millions making dumb investments in a series of failed attempts to repeat his success.

Post: #103

(08-07-2017 06:00 PM)RichieP Wrote:  Edit: 30 secs of research later, and turns out MJ created and sold Limos.com just before the dotcom bubble burst. That'd do it!

He sold it twice. Once in 2000 and then bought it back at a discount to sell it again in 2007 - 2008.

His advice is similar to what most millionaires - billionaires achieved their wealth. I see a lot of nitpicking going on.

Post: #104

I bought TMF and admittedly never finished it. After a certain point I just got sick of it. I just hit the point where I totally burnt out on self-improvement and how to get rich books.

I decided to take a bottom-up approach to books (excluding fiction and some pleasure-related non-fiction). If I encounter a true problem or identify a shortcoming with something that I cannot figure out through genuine introspection into the problem then I will search for a book on how to solve it.

I think too many people skip the step of trying to find answers for themselves and just jump straight to outsourcing it.

Post: #105

Currently going through this book once again. It's unfortunate the author is a bit too abrasive... because is advice on business is bank on! He comes across a bit more mellow on his Youtube Channel somehow. My biggest take away is the way he describes the law of control. For someone who was looking to get involve in affiliate marketing like a mad man... he reminded advice did hit me in the stomach quite harshly. If there was a disclaimer stating the author is an Ass... but his advice his Golden... then his book would be as well known... if not more than Rich Dad Poor Dad

Post: #106

Not quite. Rich Dad Poor Dad is well known because Robert Kiyosaki is a bullshitter on par with Jordan Belfort.

Post: #107

The thing about MJ is that he's one of the those "logic-oriented" guys who will laugh on your face when you say that you need to be passionate about your business.

People like him only care about money and fail to notice that business, just like life, is a complex affair.

You can be logically correct but if your heart is not into what you are doing, you simply won't last in this game.

I've recently completed 5 years as an entrepreneur and one of the things that I learned was that if I did not love what I was doing, there was no way I would have stuck around during the tough times.

"love what you do" had started sounding cheesy, feminine and more importantly very cliched. This is the reason why most people suddenly started respecting the opposite standpoint of applying logic to business.

For me, the approach that works the best is to find something you at least would like, start the process and then learn along the way. Most people make the mistake of researching the market viability a lot. It's best to start small (minimum viable product) and test the waters than to execute perfectly.

A better to guy to learn business from is T. Harv Eker. He doesn't hide his personal life and rich but balanced lifestyle. The guy seems genuinely happy with his life and his ready-fire-aim approach to business is bang on.

Find something that resonates with you. Start small, learn on the way and scale things. If you're just doing it for the money, you've lost from the start. Always evaluate the ACTIVITIES involved in your business. The everyday activities involved in your business have to be something you mostly enjoy. That's the only way to sustain things without losing your mind.

Post: #108

Bingo.^

Do you think Trump found real estate boring, for example? He likely got a hard-on for successful negotiations, deals, and then seeing yuge buildings and golf courses (a game he loves to play) going up, often with his name in giant letters on the side. Even products that he doesn't seem to really care for (Trump Wine for example, considering he's a teetotaler) he had to have enjoyed the negotiations and deal aspect of, perhaps even the job creation that resulted. And of course, the money.