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Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney

Your College Degree Is Most Likely Worthless

Posted: 17 Sep 2015 08:48 AM PDT

I am always looking for good developers but they are a rare find.  When I say good I mean kids that have “real world” experience and not a piece of paper that says they have the required skills.

Gimme a high school drop out who has been doing freelance jobs programing for the web and is self taught who has experience with real world problems vs a kid out of college with a comp sci degree that writes perfect code but its not not practical for the web.

When I started NextPimp – A site that would profit 7 figures a year, I wrote that sucker from with the worst code ever.  Any programmer would laugh hard at that code.  Funny thing is my PHP code hasn’t evolved since then.  I wrote the ShoeMony Network in 4 days.  Really bad code but it worked flawlessly.  Then I have my dev’s fix it,  which usually involves a lot of shaking heads at my code lol.

Ive taken a kid fresh out of college that could code like a ninja and within a couple years I paid him millions of dollars after we sold a company (he was at $20 an hour) 4 months after we created it.

Now if you did what I did and went to 5 colleges over 8 years and somehow only ended up with about 30 credit hours cause all you did was play games and make websites then I respect that.  What I didn’t realize is how much learning apache, mysql and linux would benefit me much later.

Also I am sure some of you are saying I am a hypocrite because my wife is an anesthesiologist and went to school forever for it.

But here is the thing with that.  She wasn’t practicing until she was in her early 30’s.  And had a mountain of school debt.  Mix that in with buying a new house,  cars,  etc etc that your “supposed to do when your making good money” leaves you with a enormous mountain of debt.  Lets say 500k to 1m.

Now because I am a internet pimp and was making it rain like nobody’s business I was able to pay off her student loans,  pay cash for our house,  and buy new cars with cash.

But a lot of physicians I know actually don’t even like what the do…  But they have to do it to keep up with their stay at home hot wife who likes to shop while the nanny takes care of their kids.

But the biggest issue I have a problem with is people don’t understand they are selling their time.  Most physicians are in a group and are paid based on the hours they worked.

Combine all that and you have a job your trapped in,  a shit ton of debt, and you will have to work until you die all at selling the most precious commodity their is – your time.

But this doesn’t just apply to physicians.  One of my best friends is a dentist and he practiced for a couple years until he bought a business property,  got a dentist out of college to do the new practice,  and setup a system to get them going with equipment and other stuff all funded by him for a percentage of revenue and rental payments on the property he owns.

Every year he opens a new practice and follows the same modal.  He has 5 actively going and another on the way and no plans to stop.

So he doesnt even have to practice dentistry if he doesn’t want to.  He makes money from their revenue, from them paying him rent for the practice,  and he has the commercial real estate which is a great asset and probably worth the most as it appreciates over time.

Did he get an MBA?   Hell no.  He has a degree in dentistry.  But he can go spend his time on a beach and make as much if not more than he did practicing.  Thats how you do it.

I have made more money in a couple days or a week at times than most high end doctors make in a month.

I respect they put in the work to earn the degree but really in this day and age its not worth dick other than having a cool plaque on the wall.

I will be transparent though and tell you I have an honorary PHD in internet marketing from the business school at the University of Kazakhstan.  So you may address me as Dr. if you wish.  Funny how much it pisses off my wife when I use the tittle though LOL

justdoctrate

I want to leave you with this.  I think its great and admirable that you goto college,  have FUN,  and if you earn a degree great.  Shows great worth ethic.

But as far as being compensated for that…  Good luck scholar.
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Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney

It All Goes Back In The Box

Posted: 24 Apr 2015 06:58 AM PDT

Many years ago my grandfather and I would play monopoly.  It started with him whooping me but eventually I got really good at it.  I was a greedy tycoon and dominated not only him but also any challengers

My grandfather was a very humble and hard working man. He grew up during the great depression and served in World War 2.

While I would be cocky after my Monopoly board game victories he would say, “Relax there. It all goes back in the box in the end and we start over next game“.

Now that happened when I was around 10-12 years old. I have never forgotten it for some reason. It wasn’t until recently I realized how important that statement would be to me.

Those of you who have been on my newsletter for months know my what has all happened to me since I turned 40 and had a pretty big awakening business wise on what I was doing and the changes I have made.

The most highlighted line from my book is “Having money isn’t everything, not having it is“. I have been on both sides of that. When I turned 30 I was unemployed and over 50k in debt.

Then one day I made a dollar on the Internet. For me, making my dollar on the Internet was one of the most thrilling and exciting things.

Just like in Monopoly I became obsessive. I got greedy.

By the time I turned 31 I had over a million dollars in the bank.

Over the next 9 years I expanded my skillset and had an amazing journey, earning over 10 million dollars from making money on the Internet.

Right before I turned 40, my wife and I had met with or accountant who told us we could easily never work again and maintain our current lifestyle.

As I said, when I turned 40 it was a huge awakening for me – After examining my current lifestyle both professionally and business wise and realized I wasn’t happy. I closed my downtown office and stopped doing the things that I didn’t like to do (long story short).

Then that saying my grandfather said 30 years ago – “it all goes back in the box” became clear to me.

When we die we are all equal. Whether we have 100 million dollars or nothing. We all are buried in a box (or an urn or whatever your belief)  and all is reset.

I know what some of you are thinking, you can leave it to your kids and they will be set.

I have some personal experience with this. On my fathers side of the family – when my aunt died of cancer (I was like 14) she left her money to her children,  in a trust. They fought over it for years and eventually it got very bitter and to this day they don’t talk.

On my mother's side of the family – when my great grand father passed, he left my grandmother and her sister his land and money. This was before I was born but I was told it was a vicious dispute over who got what and they became enemies. It wasn’t until my grandmother died, a few months ago, that for the first time I met my great aunt.  I got to spend some time with her and she is a very nice woman.  I am bummed I never met her before.

Everyone seems to be so focused on making money. No matter what financial position they are in.

I fully understand that when you are barely getting by and all of your financial decisions on everything from going out to eat to if you can take a vacation are based primarily on money.

Then money is everything.

But when you have enough money to never have to work again then what really matters?

I have 2 daughters (6 and 8 as of now) and I wouldn’t say I have neglected them at all – but my work, at times, has taken priority on some extra curricular stuff. And I wasn’t even happy with what I was doing working wise.

The primary reason I moved back into my house from my downtown office was because it's only a few blocks from my kid's school. I get to go to lunch with them, take them to school, and do a ton of daytime activities with them. It's pretty awesome.

I also changed a lot of what I do professionally focusing back on what I love doing and an ironic side effect of that is that I have profited more since working out of my basement in the last six months than I had in the last 3 years combined.

So with all of this said I would like to leave you with the following and I say it violating one of my primary beliefs (never tell people what to do, instead share your experiences and let them take from it what they will).

Take a look at yourself and see if what you are doing really matters. We have such a short life span and no matter how much money we have, in the end, it all goes back in the box.
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