There Are Two Ways To Be ‘Rich’, by Karl Denninger

Karl Denninger gives some good advice about unplugging from the credit/consumer matrix and seeking self-sufficiency. From Denninger at theburningplatform.com:

The first is to grind at the wheel, take small amounts of money as you acquire them and risk everything, fail early, fail hard, and fail often.

This usually works, but exactly how many times you will fail, and at what cost, is another matter.  Personally, my number was “three”; that is, the third time I wound up with something durable (in terms of a large multiple of what I put in originally.)

But there’s a problem with this path — it takes a hell of lot out of you and if you “crack” before you hit your personal number of failures then you’re utterly screwed.

It forces you to be a bastard in some fashion, because the world is not a nice place.  The people in it aren’t nice either, and a huge percentage of them not only will cheat, lie and steal, if they’re in a larger business than you are they’ll do it and the government won’t stomp on them even if what they’re doing is illegal.

If you try the same thing, on the other hand, you will be bankrupted and will probably go to prison.

This means you need to get real creative.  You can get lucky, of course, but in truth that’s a bad strategy.  Oh sure, there are those who do it in every business cycle and “win”, but the “out of business” signs massively outnumber the lucky ones.  For everyone who makes a million or ten with a large component of luck there are fifty who wind up with nothing at all.  This leaves the alternative as a strategy to adopt: (1) be a five alarm bastard so that nobody dares **** with you hard and (2) stay on the right side of the law so that if someone tries (especially on the criminal side) they get nowhere with their allegations because everyone who actually cares has already looked at you and figured out that you’re almost-certainly not cheating.  The hard part is doing both while watching those larger than you lie, cheat, steal and commit crimes which nobody does a damn thing about.  You damn well better have your head on straight going down this road because if you don’t you’ll either join them (and get caught) or worse, go postal.

To continue reading: There Are Two Ways To Be ‘Rich’

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s