When we quit our jobs to start Rock Star it really was an attempt at "living life on our terms".
And it's been a journey...
When we took $80K from a credit line on my family home to fund the business it didn't feel scary...it felt like we had to do it.
When we didn't make any sales the month after I quit my job with a mortgage and a family at home it didn't phase me at all...Nick and I just put our heads down and kept going.
When YouTube deleted all our videos for no particular reason...we just kept going.
When Google stopped allowing us to advertise because we were in a "high risk category of real estate investment"...we found other ways to advertise.
When Nick had an investor freak out on him because he couldn't get a home filled for a certain monthly rental amount...Nick just took action and got it rented out in 24 hours.
Today, we get to live life on our terms but it's not like we just snapped our fingers to get to this point.
And you know what...
Just like we've all been told, the journey has been amazing.
Actually, the journey to get here has been everything.
The friends we've made, the confidence we've gained, the emotional strength we've forged...it's changed who we are.
If you're out there plugging away at building your business, your real estate portfolio, your Bitcoin stack...just know that you're not alone.
There are many of us out here who are actively going through...or have gone through...what you are.
And it's worth it. Keep going, keep building, consistency is the key.
Living life on your terms is possible.
And you know there's a cheat code to getting there.
It's something that we learned from Napoleon Hill, the author of Think & Grow Rich.
It's the absolute power of accurate thinking.
Here's a quote from Hill:
“Accurate thought involves two fundamentals. First, you must separate facts from mere information. Second, you must separate facts into two classes-the important and the unimportant.
Only by doing so can you think clearly and accurately. Accurate thinkers permit no one to do their thinking for them. Gather information and listen to the opinions of others, but reserve for yourself the privilege of making decisions.
Truth will be truth, regardless of a closed mind, ignorance, or the refusal to believe.”
Right now the world is changing quickly.
Many people in finance are hanging on to belief systems that are quickly becoming outdated.
And we're not sure they're thinking accurately right now.
With Trump's victory there's clearly a new regime with a growth mindset entering the USA.
With Artificial Intelligence and robotics there's clearly a new influence to the economy coming in hot.
With demographics changing there's a drag on the global gross domestic product that must be offset.
With debt to GDP globally at more than 3 to 1 we've entered a new world.
Think about this...
If there's three dollars of debt for every dollar of GDP (and it's actually slightly higher than that by the way)...
And if the debt has an interest cost to it of 4%...
Then the $3 of debt becomes $3.12 of debt in a year (because of the 4% interest).
How much does the GDP have to "grow" or "inflate" to add "0.12" to its size?
The answer?
12%.
So we are in a world where GDP must grow at 12% each year or we literally run out of dollars to pay the debt over time.
When was the last time Canada or the USA grew at 12%?
We must have 12% inflation at these debt and interest rate levels.
So either rates come way down or inflation ramps way up.
Choose your own adventure.
This is the type of data that keeps us up at night, in the best way possible.
Why?
Because, in our opinion, we know rates are coming down no matter what or inflation is ramping up, no matter what.
In that world we want to own hard assets. Choose your own adventure on which ones...income property, gold, beautiful Bitcoin...a combo of all of them??
Whichever suits your fancy. But it's time to choose.
The next few years are going to be bumpy but full of opportunity.
The timeline has shifted, in a positive way. The future is very clear. It may be easier to live life on your terms than ever.
The data is clear to us. The dollar must lose value, it's just math.
Do your own critical thinking, make your own decisions, don't take our word for it.
But definitely do NOT listen to people who aren't forming their own accurate thinking.
When new data presents itself we must adjust. The ways of the past, with a diversified portfolio, are long gone (again, in our opinion).
And the technology-filled, sound money future is upon us.
Good times. Live them on your terms!
Tom
