"That High Class Lifestyle, Yeah, I was made for this." - Young Dolph
"Depends on how you define poker. If you look at poker like a sport like Baseball. I would be a minor league or high school player. But I play with tee ballers. But if you look at poker from a business perspective. I'm fuckin' Bill Gates." - Dan Bilzerian
Aside from the Bill Gates statement he's right.
If you watch the whole video it cuts to a bunch of players grinding it out on tour. They will not admit it, but Bilzerian is living the life every poker player gets in the game to do.
What I really want to segway with, is I don't know or care about how much Bilzarian has made or how he made it. I was searching around and I happened to run into Brad Booth.
If you don't remember Brad Booth. You were not playing poker in the boom times of the 2000s. Brad Booth was the good looking Canadian poker player who bluffed Ivey with 4 high putting $300,000 cash in the middle.
What ever happened to this guy?
Like most poker players he ended up going broke.
I ran into his video and he began lamenting about his lack of business acumen in building assets instead of just being a poker player.
Hate him or Love him there is some wisdom to Blitz when he talks. I do not know or care what real assets Blitz has. Instagram is not one of them.
But, the common mistake with not only poker players, but entrepreneurs in general is they feel put their eggs in one basket.
They pigeonhole themselves.
There is a video circulating about the myth of multiple sources of income. It's out there. Go find it.
But it's not really a myth.
Every winning entrepreneur, investor, Individual has multiple sources of income... Here's the kicker... Every WINNING Individual spreads his winning ways into related fields he understands.
That can tie into their business image.
Trump is a great example.
Kim Kardashian is another solid example.
Puff Daddy is the quintessential example.
It is usually the people most people hate the most who have the best sources of recurring multiple sources of income. Why? Because in the "Pop" industry, ubiquity is equity.
The biggest problem people start when they are thinking multiple sources of income is what you call the poseur entrepreneurs. They are in tons of unrelated businesses and they think that because of this. They are creating multiple sources of income.
This is dead wrong. The majority of the people I've met in this industry who are struggling are doing exactly this.
But the winners who I know, have a great publicly trading Car finder web application and then they have some money in tire companies and other Transportation ventures.
They are leveraging their winning talents into other ventures to bring in income.
Passive income is for Passive people who like Frog Soup.
The way I'm looking at it personally, as a direct response copywriter, software engineer and business model guy is to create assets.
"I rather have a permanent income than be fascinating" - Oscar Wilde
The regrets Mr. Booth has is when the winning is good. He didn't put it away into the investments he could control.
This is what business savvy is all about.
When you can leverage your talents and status into other ventures, this is where the real money starts to roll in. I'm not saying everything has to be an asset.
But being selective of where to put your skill and energy to build a better financial foundation is a big time business move that most people only see when it's too late.
Aside from the Bill Gates statement he's right.
If you watch the whole video it cuts to a bunch of players grinding it out on tour. They will not admit it, but Bilzerian is living the life every poker player gets in the game to do.
What I really want to segway with, is I don't know or care about how much Bilzarian has made or how he made it. I was searching around and I happened to run into Brad Booth.
If you don't remember Brad Booth. You were not playing poker in the boom times of the 2000s. Brad Booth was the good looking Canadian poker player who bluffed Ivey with 4 high putting $300,000 cash in the middle.
What ever happened to this guy?
Like most poker players he ended up going broke.
I ran into his video and he began lamenting about his lack of business acumen in building assets instead of just being a poker player.
Hate him or Love him there is some wisdom to Blitz when he talks. I do not know or care what real assets Blitz has. Instagram is not one of them.
But, the common mistake with not only poker players, but entrepreneurs in general is they feel put their eggs in one basket.
They pigeonhole themselves.
There is a video circulating about the myth of multiple sources of income. It's out there. Go find it.
But it's not really a myth.
Every winning entrepreneur, investor, Individual has multiple sources of income... Here's the kicker... Every WINNING Individual spreads his winning ways into related fields he understands.
That can tie into their business image.
Trump is a great example.
Kim Kardashian is another solid example.
Puff Daddy is the quintessential example.
It is usually the people most people hate the most who have the best sources of recurring multiple sources of income. Why? Because in the "Pop" industry, ubiquity is equity.
The biggest problem people start when they are thinking multiple sources of income is what you call the poseur entrepreneurs. They are in tons of unrelated businesses and they think that because of this. They are creating multiple sources of income.
This is dead wrong. The majority of the people I've met in this industry who are struggling are doing exactly this.
But the winners who I know, have a great publicly trading Car finder web application and then they have some money in tire companies and other Transportation ventures.
They are leveraging their winning talents into other ventures to bring in income.
Passive income is for Passive people who like Frog Soup.
The way I'm looking at it personally, as a direct response copywriter, software engineer and business model guy is to create assets.
"I rather have a permanent income than be fascinating" - Oscar Wilde
The regrets Mr. Booth has is when the winning is good. He didn't put it away into the investments he could control.
This is what business savvy is all about.
When you can leverage your talents and status into other ventures, this is where the real money starts to roll in. I'm not saying everything has to be an asset.
But being selective of where to put your skill and energy to build a better financial foundation is a big time business move that most people only see when it's too late.
PS: If you have only one source of good income. You are being very lazy.
PPS: If your chick is not an asset she's a liability.
Copywriting and knowledge of Business Models. Knowing these 2 skills. Not only can you write yourself a swimming pool. U can write an empire— Carmichael Reid (@CarmichaelReid) September 12, 2017
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