7thLetter

@Marinus Yeah I sort of agree with @MM1988. But not the fact that its “weird” but you just have a better chance of success doing nightgame rather than daygame. I’ve always thought of the analogy that daygame is like advertising your product/service to random people like a TV commercial. Whereas nightgame is like advertising to people in a strategic way where they are actually searching for your product on the internet through specific keywords. So just to explain a little further, girls walking around on the streets aren’t outside looking for a guy to randomly approach them and take them out. There’s just there to shop or do whatever. But with nightgame, they’re actually there to have fun and potentially meet someone. Although I’m not saying its impossible to meet someone during daygame, just saying there’s a lower chance of success. Hope that makes sense

by doing more approaches

@Faye Thanks for the post. Got a bit of the chills reading your post

Hey, this is just my personal advice, if it helps great but do whatever works for you. I personally think its a good idea to figure out your financial situation while you're young so that you can do what's most important to you later on in life when you don't have to worry about money and have the time to do whatever you want. Build a strong foundation when it comes to your finances, cultivate the inner game, acquire as much knowledge as you can. I'm 23, I've been listening to Leo since 18. I've always loved the content and I started leaning towards the spirituality route as well. Understanding all the fundamentals, all the complex insights, meditating, contemplating, etc. I don't regret any of it at all, I've grown SO MUCH. But now that I'm 23, my financial situation is almost the same as when I was 18. Still working different jobs, but now I work a 9-5 desk job rather than my usual restaurant job. At 18 I actually still had the goal of financial independence, but 5 years later I don't have a lot to show for yet mainly because I've focused on spirituality. But don't get me wrong, I love studying and understanding what this world is and what life is. But this issue of money is something you cannot avoid. It will always show up, unless you drop everything and live in the forest and hunt your own food. So now that I've built a strong foundation on my self-actualized self, its time for me to figure out my financial situation. If I were able to take it more seriously at 20 I would've. So let's take a look at two of your options. 1. You can pursue enlightenment at 20, you'll create a strong inner world for yourself, incredible. Although what about your external situation? Unless someone is spoon-feeding you, then you're going to have to work a job. Or like I mentioned, go live in the wild and hunt your food. Then later on you might regret not taking care of your finances when you were younger because now that you're older, its harder to start a business or anything of that kind. It's easier to start something while you're younger. You can work 9-5 the rest of your life while going for enlightenment, but that's probably not the most ideal. 2. You can take care of your finances early, buy yourself some time, and pursue enlightenment once you've achieved financial independence, and not have to work a 9-5 that you dislike. It's up to you to decide.

I think I came up with a pretty good theory on why people take action and why some don't. Here's what I thought up and wrote on my phone: "The amount of action someone takes is dependent on their level of seriousness about the project/endeavor. Usually a lack of something is related to that person's level of seriousness. For people to take unintelligent action is an issue of ignorance. For someone to sustain a good amount of consistency over a long period of time is a matter of passion or motivation." I think the main point is the fact that action usually comes from a strong lack of SOMETHING. Obviously I can't speak for everyone but I think this is the main reason. Something is missing in that person's life and they try desperately to achieve a certain goal. Whether its acquiring more money, happiness, sex, etc. And whatever that person is lacking, they will take either intelligent action, or unintelligent action. For example, someone in the hood lives in the worst conditions, has a lack of happiness and money. They're desperate to acquire those two things so they rob others, and sell drugs, which I would consider unintelligent action coming from a place of ignorance. Although, that still is action taking and that person wants to better his situation so he would of course be serious about it. Now if you take an average joe working a comfortable 9-5, watching TV and repeating that cycle, there's not a whole lot of external motivators that would really push him as much as the gangster living in the hood. In this case its really dependent on the individual's perspective if he thinks his situation is terrible and wants a way out. Sure maybe he has a lack of happiness, so he takes unintelligent action coming from a place of ignorance and drinks and parties his life away. Sure he works 9-5 and has a lack of desirable riches but takes unintelligent action and spends his money on lottery tickets, ignorance. Looks into starting a business but he's not really serious about it, doesn't care, doesn't think it will work, and thinks to himself that he's comfortable at his 9-5 anyway. So what about the person who takes intelligent action? Just like the other two examples, they usually also have a lack of SOMETHING. They have a lack of happiness or money so they go for it. Maybe they come from a lower-class background, grinding away at a job to pay the bills and accumulate capital. This person works to build a strong foundation and accumulates knowledge in that specific area. That's already 50% of how serious that person is. The other 50% is taking intelligent action. Now that this person has a strong foundation, he can go ahead and take intelligent action. To sustain it over a long period of time, he will develop a love for the certain endeavor and then achieve success. One more thing to add to the thread: Developing a good sense of self-governance. Taken from Leo's business psychology episode. Really important to learn to deal with your inner demons and you doubting yourself, etc. in order to sustain whatever it is you are doing over a long period of time. Edit: Characteristics of Successful People +1 - Long-Term Thinker.

I do the same. Decent pay packing chocolates into boxes, shipping them and creating invoices all day. If they allow you to listen to music, then take advantage of that and listen to some podcasts or motivational audios. Personal favorite for me is listening to Jim Rohn. And I'm currently building a strong foundation for my financial situation so I'm really working on cultivating a strong inner game when it comes to money. So I often listen to Leo's episodes "Money Psychology" and "Psychology of Small Business Success." Those are the two episodes I've played over and over again in order to make sure I completely understand the insights shared in those episodes. Another thing I listen to daily are affirmation audios, they're pretty helpful but its best to listen to them when you have some downtime rather than listening to them while you're focusing on your work. That's just what helps for me to get through the day, and 8 hours go by pretty quickly surprisingly. Really up to you what to listen to. Listening to upbeat music is good to lift up your mood but I personally think its a good idea to accumulate some knowledge while you're there for several hours a day.

@outlandish “Financial independence is the ability to live from the income of your own personal resources ." -- Jim Rohn.

@Consept Awesome, thanks for sharing your story. The thing that stood out to me the most is that you do Amazon FBA. I’ve just started myself, currently shipping my first product from my house to Amazon. Couple questions. Where do you source your products? And for product research do you just use junglescout? Is Youtube your main source of learning the material? And how can you get reviews before doing PPC? My product is a 12-pack item for team sports and I don’t really think that I can do a giveaway with it, it just doesn’t seem like that kind of item. Also, did you have a feeling that your Amazon products would do well? Or was it sort of a 50/50 kind of thing? For my current product I honestly probably would just break even on it but I’ve learned so much. My mentality is that the most important thing to do it to just start. So I did my product researched and sourced the most attractive product. Now here I am shipping it to amazon which was kinda scary. But pretty confident it will go well. Next product I’m definitely going to take a look at my profit potential.

Just want to bump this post. And one theory I came up for myself is that there are 3 things that are important for success. People always talk about “Theory & Action” but rarely talk about the mindset, the psychology. So I think that with the combination of theory and action, you will develop the mindset. So the 3 things are: Theory, Action, and Psychology. All 3 are equally important.

@George Fil I can relate. Mainly I view most people as boring because they don't understand or know about the things that I know of. The things I study, do, and find interest in are probably so out of the ordinary that no one could relate. Therefore making other people boring to me. I guess I basically judge people for their level of understanding with these topics. Also I could sort of get a feel of how psychologically developed a person's mind is within a few conversations and asking several questions. If they're always complaining and talking shit then I back away and don't want to engage in conversation with that person. If its a potential business partner and I ask them what have they done to help themselves in the past and what businesses have they tried in the past, what experiences they have, and they say nothing then that person doesn't do anything but talk. If they have stupid beliefs about money like "earning money from investments isn't hard earned money" then I jump off a cliff, dive deep under water, wrestle with the sharks, eat some sea urchins, and run the F away from that person. And that's why its important to work on your self-acceptance and be comfortable being alone because there will be a lot of lonely times while you search for people who actually do match you, or even if you don't search at all that's fine too.

@Leo Gura Any updates?

No one said they're going to to time the market, but being a good trader is about understanding crowd psychology and your own psychology. You can develop your skills to win at best 70-80% of trades. Something I truly believe in is that no one has a valid opinion about something or someone unless they experience it or that person for themselves. Unless you are someone who has studied the markets and traded for years then maybe you have a valid opinion, if not then we got no business here. That is the same opinion Leo has, maybe you got that idea from him, but he mentioned he hasn't traded the markets so that opinion is invalid. He said he just watched his Dad day trade and probably formed an opinion about it that way. I don't know you, I haven't experienced who you are, so any opinions I have about you are invalid.

@GeoLura Honestly this stuff is pretty new to me as well. I'm just starting to get into learning more about this stuff and taking it more seriously this year. Definitely, we pretty much have the same issue here in Vancouver Canada. I can't even find a house in my area for under $300K. An average house goes for around or over $1M. Condos are going for around $500K+. Which sucks because I want to buy a place and maybe rent out the rooms to make some extra $$$. But with prices like those I'd probably require a lot more for a down payment. Although from a couple sources I've looked at, they mention that the next recession might not be like 2008. So we might not even see a HUGE crash in the housing market but I'm not sure if that's true, maybe a bit of a decline, but I guess we'll have to wait and see. Lol I'm definitely more of a TA person as well, and gold and silver doesn't look too bad at the moment. Although I'm not too sure how well precious metals perform during a recession. Looking at the Gold/USD chart right now, in 2008 gold had a 33% drop so I'm not too sure about that. I've got a bit of silver and gold by my bed at the moment but probably not going to add onto that collection any time soon. Personally I'm just saving up my cash and holding off on any investments until after the possible bear market or recession. 2019 or 2020, who knows, but I'm not going to make a stupid decision again and lose my money like what happened with BTC lol. But it is a good idea to grow your money elsewhere like in an online business, and flipping various items like what I'm starting to do

@GeoLura 100%. They don’t really care about other people making money but themselves. Couple reasons I’ve looked into which may cause a recession, and which I agree with are: - Rising interest rates - 2020 Presidential Election - $1.5 Trillion+ in Student loan debt in the US alone. (Pretty sure it is at an all time high) - US-China Tradewars And based on looking at previous market cycles, these market-cycles happen every 6-8 or even 10 years. Currently the economy has been in an upward growth for 9 years now. Also, I think Europe has already entered a recession, so its about time for the rest of the world. Based on my analysis on the SP500 it hasn’t officially broken the uptrend yet. But we probably will see a bear market pretty soon if it does break. Also if you compare this correction with what happened in 2008, it looks pretty similiar. In 2008 the SP500 reached an all time high, then it dipped 20% and bounced back up like what is happening at the moment.

@GeoLura Yup same. When I considered myself to be "involved" in the cryptocurrency community, I was easily influenced by the optimism of other people. "BTC TO $25K!" "NEO TO $1K THIS YEAR!" "STRATIS TO THE MOON!" "BITCONNECTTTTTTT!" I really did not see the crash coming because I was too ignorant, all I did was listen to other people. It was like being involved in a pyramid scheme. A very unhealthy and manipulative orange environment. Now I try not to rely on others or gurus for analysis and I do my own. One thing I've been looking into a lot these days is a possible recession. Go on Youtube and there's "Expert Analyst on CNBC Predicts Recession not here yet until 2025!" or "Recession just around the corner says 50-year Professional Market Analyst!" Shit like that. I just ignore it and form my own opinions. Especially in real life outside of the markets, its good to distance yourself from other people who may have a negative influence on your life. Growing up I had a lot of good but toxic friends, and I think that lead to a lot of the wrong decisions that I made in my past. So now I honestly cut off a lot of them and just do my own thing without any external influences that might bring me down

@CreamCat There’s so much you can learn on Youtube. One common practice I notice on Youtube with real estate investors is that at first they live frugally for x amount of time to save up enough capital to get a mortgage loan, put a down payment on, and buy a house. Usually valued in the $200k-$300k range, with some extra rooms that you can rent out. So you yourself can live there, and at the same time you can get some roomates to pay you each month, which will help you pay off the loan. And then you can scale up and repeat that same process. Buy another home and rent it out. You can flip items which is what I do sometimes. Last Black Friday I made a small $105 profit. This is my first time flipping on black friday. Next year I’m doing the same but with more purchases. I looked at some of the popular “Top Deals” for each store, but made sure it was something I actually like and know a bit about. Compare it to other prices, make sure its a good deal, and buy it. I held it until a couple days before Christmas and they sold out pretty quick. Sold it on Craigslist or letgo. You can also flip them on eBay. If you were wondering, $50 profit on a new PS4, $25 on Beats headphones, $30 on an iPod Touch. And then of course you can do this with phones, cars, houses, etc. Stock investing, just be disciplined enough to put away a certain percentage of your income so that you can invest it. But of course its important to learn how to invest and what to invest in, etc. Personally I’m waiting on a recession or crash in 2019-2020 before I jump in. Short-term trading Forex/Options/Stocks, just learn and do it. Learn technical analysis and just practice everyday. Not a lot to say about this. Babypips.com and Youtube is good for learning. Start an Amazon FBA business, buy from China and sell on Amazon. Learn it on Youtube

Something I wanted to add for personal reference: - Live below your means. This is something that I’m sure is common among many successful people. They tend to be the ones with no lives, sacrificing instant gratification for delayed gratification. They’re indoors learning all day, saving up a huge chunk of their money and putting it into their investments.

@GeoLura Yeah I admit it, I sounded like a complete idiot in the last post, now it seems like you’re assuming that I don’t know anything about trading. Just to put it into context, it was a rushed post while I was on my lunch break at work because I wanted Leo to reply quickly but he ended up not doing so. Plus I’m not trying to impress anyone so I don’t care about sounding “smart.” And that’s also me being Mr. Keyboard warrior. Not a lot of thought went into it. I’m definitely not a professional, but definitely not a complete newbie. Although I guess I still would call myself a beginner even though I’ve been studying this stuff for around 2 years now. Got introduced to Forex in 2016 because there’s a Forex-related MLM company, pretty funny. Wasn’t interested in the MLM but was into the idea of trading. Studied the theory of technical analysis for a year on babypips.com, but haven’t applied any of it. 2017 came, found out about Cryptocurrencies and that’s when my ego was out the roof. Literally was up $4k on NEO/Antshares and I thought I was the shit. Got super greedy, lost everything in December. 2018 is the year I actually take trading seriously. Opened a live account, but currently back to practicing on a demo account. And in my opinion I think a 2% stop loss is way too high. 1% is good enough. My trading style is based on this video:

Hey Merry Christmas all, hope all is well. Don't know why I'm writing this but I feel that I need to in order to express myself. Smoked a bit of marijuana so you know its straight from the heart. Just wanted to apologize to everyone here if I ever made you feel uncomfortable with my arrogant attitude. But I certainly don't know if I make or made anyone feel uncomfortable, that's just my assumption. Maybe no one even remembers who I am or any of my posts, who knows. And also, I don't mean to encourage anyone to do the same and leave the community as well, just by writing this. I understand that its ideal to keep the members in their place (Lesson learned from my penalty on the forums in 2017.) Anyways, I'm still young, I just turned 23 over a week ago. I discovered Leo's channel back in 2014 when I was 18 or 19, and listened to his content with the intent of developing myself to achieve more success in my life. Also back then I bumped into a close high school friend in the gym who I haven't spoke to for a while after we graduated, and we caught up. Crazy coincidence, I found out that he listens to Leo as well. We then motivated each other to do the work and we also took the life purpose course. I was always consistent with implementing the work into my life and watching the weekly videos because I loved it. Loved all the content even though he started to up the content from topics on success to more spiritual, psychological, and philosophical topics. I still implemented the work, and it wasn't about the money anymore. I shared my insights with my friend, but over the years I started to feel that I was either outgrowing him too quickly, or he just wasn't doing the work. I started to become more aware of people who actually get me, and who are like-minded. So I slowly distanced myself from him, and at the same time cutting off other old friends who don't share the same goals as me. Long story short, I feel I've grown a bit over the years. I feel that I might've even reached Yellow on the SD model. Then its almost 5 years later and I've come to the realization that Self-actualization isn't about bringing you more externally, but its more about bringing more internally. I've known that awhile ago, probably obvious to everyone, but just saying and mentioning it here. I took this path, I naturally let go of a lot externally such as my social life, and I reduced so much of what I was doing in the past by at least 30-40%. My levels of independence have grown tremendously. So what I'm trying to say is, I'm still young, trying to escape the 9-5 and horrible living conditions by putting most of my focus on my success as an entrepreneur. And once I've reached a comfortable financial state, I'd 100% go back to focusing on developing my being. But at this point in time, I'm going to say that I feel like this work seems like a bit of a distraction for me. This is just what my intuition is telling me, so I'm going with it. I definitely understand the benefits of self-actualization might set my inner development way back by doing so, but this is a sacrifice I'm willing to take. Maybe I'm backsliding and experiencing ego backlash, but I'm going with it anyway. I feel that I need to build a stronger foundation in Stage Orange because it seems to me to be one of the most foundational stages on the model. I'm already at a comfortable point in my inner development, that I need to also work on my external. There's no way in hell I'm staying stuck as a wage slave for the rest of my life. So I'm taking a break until I've reached a better financial situation. But of course I'm still going to do meditation and some of the other practices. So I guess pretty much what I'm doing is just focusing less on the philosophical and spiritual ideas, and more on building a stronger foundation for understanding money, business, etc. Thanks for reading

@Chase Ellfeldt So if you disciplined yourself enough to develop a passion for unicorns and built a business around it, you would be able to sustain it for 5-10 years?

If passion is needed to stay consistent in one's endeavors, then is there even any hope for those who don't have it? Note: I'm not talking about myself but I'm mainly just seeking more understanding around this idea. People are different and find their passion in different things than others. People are passionate about legos, pop-toys, superheroes, coding, computers, rocks, gems, collectibles, etc. to name a few. Although, there are other things in life that can be beneficial for everyone in order to improve their life significantly, but not everyone is passionate in those "beneficial" things. For example, we all know going to the gym and eating healthy is important for your overall health and longevity as a human being. But some of us love going to the gym, some don't. For someone to stay consistent with going to the gym and eating healthy, they have to actually LOVE IT. And sure there's always these diet plans and gym being sold on TV of some man losing 50lbs in 2 weeks, but in my opinion that's all just marketing. And how consistent are they really with that diet or gym routine 3 months from now? 2 years from now? I bet they're back to their old habits. Also when you listen to orange self-help, they tell you things like "If I only went to the gym when I felt like doing it, I would be fat!" "You have to do it, NOW!" Definitely works in the short-term, maybe a year or less. But how about staying consistent with it for 5-10 years? So my question is, is there hope for those who don't have a passion with going to the gym? Same thing with personal development. Personal development can be beneficial for anyone, and its usually the ones who are passionate about it, who are growing the most, sticking to it long-term, and reaping the benefits of it. When you compare that person to someone who wants the benefits of personal development, but not passionate about personal development, what can they really get done? Cool they'll try to stick to it for 3 months. 3 months later, no passion, no drive, back to their old habits. Entrepreneurship and business is another one that can be beneficial for almost everyone. It always seems to me that there's only a select few who have an entrepreneurial spirit. Others dream about it, it sounds cool, they talk about it, but they don't really do anything. Is there any hope for these people? What if there's someone who absolutely dreams and desires to be healthy and fit but with no passion or drive to go to the gym? Maybe his gym habit would last a solid 2 months. So bad luck for him then eh? I mean we can't just come to the conclusion and say that he's lazy right? He has no passion for the gym, but a passion for legos. The gym is not his life purpose. So what can we really do? I'm starting to think there is no hope. If we think about it the other way, there are a ton of us who aren't passionate about legos. What if we placed some benefits of having a passion in legos, well we're fucked, we have no passion for legos so we can't stick with legos long-term? Thoughts?

@Leo Gura Yeah I had a feeling that your opinion is based on what your Dad was doing. One of your episodes I listen to the most is the “Money Psychology” episode. And like you mentioned, any bad investments are deeply psychological. For someone to lose big in the markets means they don’t use proper risk management, and they haven’t developed the technical skills. That’s all it boils down to really. Not saying professionals never lose out, but at best you can develop your skills to win 60-80% of trades. I don’t trade the stock market so I can’t really say much about it, I trade Forex, which is even bigger than the stock market, which means its less likely to be manipulated. The way I think about is, its not a 1v1 with you against the hedge funds like you say, its a free-for-all vs everyone. It’s not like they know that Johnny over here placed a $2 trade and they will manipulate the market against Johnny’s favor to take his $2. Thousands of trades are taking place and they can’t move the market against everyone, that would be impossible. People have different opinions on whether the market is bullish or bearish. And the market will move up or down regardless, with or without you. So that’s when you as a trader can jump in and ride the waves. Plus trading doesn’t have to mean daytrading, it can mean buying one day then selling a week later. For example, placing a buy on Bitcoin when it was $1000, and selling at $1100 counts as a swing trade. It would go to $1100 with or without you, congrats you made $100.

@Leo Gura If you don't approach it strategically then in that case it can become dangerous. It's no different from flipping items or houses. Flippers don't really offer value as well, but if they continuously learn and come at it with a strategic approach then they can make quite a bit of money. Lot of respect for you Leo, but have you actually done any of this yourself to have a valid opinion?

@purerogue To add onto that, I think a lot of our emotions are based on our own perceptions. Someone with barely any money would be upset and/or angry that they lost 5 grand. Someone who is rich and loses 5 grand says “whatever” with no attachments. So a lot of it is psychological, most of our emotions come about on a sub-conscious level. When I say thoughts create emotion, it doesn’t have to mean our conscious thoughts, but also our sub-conscious. Self-actualization and spirituality teaches you how to control your emotions. So “negative” emotions aren’t the norm and happen to everyone. Let’s say we take the self-actualized person put him in the same exact negative situation as a non-self-actualized person. Maybe, death of their family in a car crash. Self-actualized person would be slightly upset, based on his level of development, but wouldn’t be as bothered as the non self-actualized. The non self-actualized would probably have a mental breakdown and kill himself.