9:22Contrarian Career & Investment Advice For 20 Year Olds
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
The video presents several contrarian narratives: (1) in crypto, buy only Bitcoin, ETH, and Luna and hold for 10–15 years rather than chasing new tokens; (2) angel investing at current high valuations is worse than buying a cash-flowing business with an SBA loan; (3) people in their 20s should aggressively seek their first significant win instead of waiting; (4) working at a high-paying tech job (
Key insights
- Buying and holding 2–3 top crypto tokens (Bitcoin, ETH, Luna) for 10+ years outperforms deep research and active trading; deeper knowledge can actually hurt returns.
- Angel investing today (individual with $100k–$300k into 20 startups) is inferior to using an SBA loan to buy an already-profitable cash-flow business that pays itself off in under two years.
- A person’s 20s should be dedicated to getting a first “win” (even a small one) as fast as possible, because life gets harder and energy drops later; ignorance can be an advantage.
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