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A bunch of people e-mailed me about the Drop Out and Grow Rich article I posted yesterday. A friend of mine pointed out a few things, most importantly that I failed to give the college grad interest on his money. Fixing that (and making him pay interest if he was negative, but only after the first 4 years of college) put him very close to the high school grad with private school money. Never charging him interest for being negative got him slightly above that same person.
Then it was pointed out that the difference in earnings wasn't 900k as the college-mongers claimed. It was more like 1.3mil. I had no good data on salary increases, so I assumed the inflation rate. I guess it stands to reason that after a while job experience means more than the degree, so the gap gets smaller.
If I fudged the grad's income to equal a 900k lifetime earnings difference, the Dropout with Private School money is again the winner, but is still followed closely by the grad. If I fudge the dropout's starting income (to $29,692) to get the 900k difference, the grad still beats the dropout with public level money, but only by 300k. Also, the dropout would be beating him until age 58.
In our culture going to school is given a lot of respect. Dropouts face a sharp negative stigma. They're quitters. They're losers. They'll go nowhere in life. But is this really true? How big of a factor is college on success?
Here's a list of some of the dropouts that I personally admire :
Larry Ellison (Oracle)
Almost 1 in 5 of the US Presidents including Lincoln, Washington, Jackson, and Cleveland
John D. Rockafeller
Ray Kroc (billionaire founder of McDonalds)
Wow. This has got to be one of my all time best stories.
On Wednesday night I was talking to my good friend Jonah and was telling him about the show "
I meandered to the application site, downloaded the application, and began to check out the requirements. Guess when the due date for the tape was? Friday at 5pm, which meant that we had one day to create a 3 minute video, fill out the two 11 page applications and get some passport sized photos taken. Not one to back down from a
Also, I can't imagine how we wouldn't win. I plan on running every day, lifting weights every other day, and learning 1-2 more languages by the time the show films in June.
As far as I was concerned, she was perfect. She was at least as smart as I was, was a dancer and had the body to prove it, and had a smile that could disarm the national guard. Let's call her Julie.
So, like an earthworm stalking it's prey, I put my usual game on her. Since my last flowchart was so popular, I've made another one to show you how I dealt with the ladies back then:
Nedless to say, things went slowly. We hung out nearly every day for the last couple months of our Senior year summer vacation. Like many guys, I was totally oblivious to her attraction for me. One morning Julie came over really early while I was still sleeping, and squeezed into my twin bed with me. I woke up, and assumed that she must be tired - it didn't even occur to me that she might like me. Finally on the last week of that vacation she said to me,
People often comment that I have a lot of discipline. Even if you go through some comments on posts in this blog, you'll see people saying that. I even agree with them - I've been working this polyphasic thing for over two months now! Very few nights have gone by that haven't involved an intense struggle to stave off sleepiness.
The funny thing is that I used to be completely UNdisciplined. It was almost a joke amongst my friends and families. What changed? Read on...
The problem was that I didn't trust myself. If I said "I'm going to not eat meat for 30 days", I knew that since I was undisciplined, that it might not actually be true. So when day three rolled around and I saw a hamburger, I'd think subconciously, "Well, I wasn't going to make it thirty days anyway" and I'd chow down. Even small things like saying "I'm going to go to sleep after one more game" would get stretched. My promises to myself were worthless.
Before I went to Massachusetts, things were peachy. I did 4 days with only one hour of oversleeping. Then during Massachusetts I did rather poorly, but still not too bad. When I got back I was settling back into my polyphasic/gangsta lifestyle, but that got interrupted for my trip to Vegas. And Vegas, surprisingly, wasn't kind to the schedule.
Since then I've been trying to get back on the boat, so to speak. Last night I only overslept by 90 minutes, but I just woke up from a 4 hour (!!!!) oversleep. So now, I confess that I've been keeping something from you, dear reader.
Ok. I know I put this same picture up a couple days ago - but there's a reason. Someone STOLE my chain last night. I am incapable of taking another picture with the chain now. Here's how the caper went down :
A friend of mine was having a birthday party. Because it was important to me that his party be cool, I lugged over my huge subwoofer, a projector, my laptop, and all the cables and stuff. I also spent a good part of my day downloading music videos. I even skipped a nap to set it up. And it should be said that I hate doing any sort of manual labor, but I carried that subwoofer up the stairs to the party. Ok, so I didn't heal any sick children or anything, but the point is that I made a genuine effort to contribute to this party.
Incidentally, I also wore my chain, hat, and other interesting accoutrements. Of course, throughout the night, many people wanted to try on the chain. Why not? Everyone's got a little gangsta in them, and it's healthy to express that.
Want to know what the best part of your business coming to a screeching halt is? LOOTING. I had a very successful business for 6 years that I recently stopped. It was good money, but was a lot of stress and not particularly rewarding. I had several state of the art computers at the office, so I looted them today. Now I have three monitors instead of one, and a sweet ass water machine.
Also, I went to
Home Depot Jacob the Jeweler and got some sick bling today. Composed mostly entirely out of stainless steel fine platinum, it weighs in at 6 pounds. Besides being horribly uncomfortable around the neck, it punches me in the stomach with the lock as I walk. I consider the purchase an overwhelming success. One of my good friends is throwing a party tomorrow night, and I plan on rocking the chain.
Coming tomorrow... what it's like when people think you're a celebrity... (really)
So I'm trying to be a good little blogger and update this puppy every day. I've got two hours left before it's tomorrow and I don't have the picture I need to do the update I want, so we're going into the vault.
A couple years ago I put the biggest above ground pool I could find in my living room. The pictures were posted to a bunch of those link collecting sites and almost 7000 people saw the pictures the first day. Every year or so they are rediscovered and they get a ton of hits. However, I've never publicly told the story of the pool and why I did it. Avast!
One day my friend Crystal sends me an IM. Here's a dramatic rendition of the event :