Making money no longer makes sense

So, at the same time that Harvard grads

can't land entry-level jobs, there's a

kid in a Cambodian village making six

figures taking clips from a live stream

and posting them onto Twitter. Is that

not insane? But what's even more insane

is when that Harvard kid does land a

job, how many years will they have to

work to make the same amount of money

that this guy did posting a video of a

fireplace to YouTube? The way wealth is

created these days is almost funny at

this point. It'd be one thing if kids

were just getting rich from the

internet, but it's a whole another thing

when the traditional ways to get money

aren't working anymore. So, I want to

talk about that, the old, but more

importantly, the new and how we can get

involved in that. So, the go to college

method basically got patched forever.

College has been this big ass gatekeep

wealth. And for me, I'm not going to

lie, I was 18 when I went to college,

but I had the emotional intelligence and

the maturity of about a 13-year-old. So,

I botched it. You know, I had no idea

what I wanted to do with my life going

in and somehow even less of an idea

coming out. But everyone knows if you're

blessed enough to be able to go to

college, you go. So, you can get that

entry- level job that then makes that

tuition worth it. You grind your way up.

That's been the path for years, and it

still is. But that path is no longer

certain. It's no longer a layup.

Software engineering, accounting,

marketing, finance, the jobs college

kids historically take are becoming

automated, are becoming devalued. The

fat is being trimmed. And that's why the

stock market just keeps going up despite

how bad the economy feels. So now all of

a sudden before we even get to the new

to the internet money, the jobs that

can't be automated are becoming more

valuable than the corporate jobs you go

to college for because they actually

provide value. Fixing [ __ ] AI can't fix

a dishwasher yet or, you know, pipes. It

can't drive a truck. But this generation

is still in this weird spot where not

going to college is crazy if you can,

right? So, a lot of heads are going to

college just to go for the college

experience, which you know, I know in

America this is a crazy take. I didn't

love it to be honest. Like, co happened

right in the middle of mine. I did have

some fun, but overall it wasn't like

this amazing thing that put me in a spot

to win. You know, I finished college. I

think about the skills that I learned,

bro. Like, what skills did my ass get in

college? Like, all right, I can guzzle

beers now. The college model is getting

more and more outdated. I mean, think

about it. Someone is in college right

now learning how to use Excel. But hey,

I got my degree, my little Excel skills,

my little business management skills,

and I got lucky enough to land an

entry-level corporate job. And it's

funny, I say lucky enough as if it

wasn't the darkest, worst, lowest point

of my life. But this was the path. This

is where it felt like everyone was

pointing to, you know, and if you're

like me, you weren't asking any qu

questions, you were barely paying

attention, this is where you'll end up.

Little did I know, they were pointing my

ass in the wrong direction. Because when

I looked forward, it's like, okay, if I

trade away my 20s, I'll get a decent

enough salary in my 30s, and if this job

still exists by then, I'll be able to

survive and make a decent enough living.

Not enough to be free, not even close,

but enough to survive. That's the path

of certainty and has been for probably,

you know, 50 years at this point. The

problem is that path itself isn't even

certain anymore. Like I said earlier, a

ton of the corporate slop starting to

get cut. And the way corporate America

evolved is just crazy, man. It's like a

cancer. It just keeps growing and

growing. And I think we're finally

reaching the stages where it can't

continue to grow. Like I was in the bank

yesterday. There was a table. It had

construction tape all over it. There was

this sign that said,

>> "Business solutions planning in-person

demo experience coming soon."

>> I literally had to write it down. I

couldn't believe it. I look at something

like that and you know I'm in this

shitty little bank and I think about how

probably 10 people making six figures a

year probably worked on this quote

project for like a few months even

though nobody asked for it, nobody's

going to use it and nobody even knows

what it means. These are signs of the

old path starting to disappear. And I

want to be clear, it's like if you have

one of these corporate jobs, I'm not

saying that's bad at all. Not even

close, actually. hold on to it and keep

cashing those checks. But these are

signs of the old career path not

changing with the times. While at the

same time, some high school kid made a

Fortnite map on his computer that is now

generating hundreds of thousands of

dollars of straight profit. Some Chud

made $3.8 million this year from a

Roblox map that he made for fun. And

it's like, wait, you guys didn't even

have to suffer for this. It's the same

with investing and crypto. It's like I

thought the whole thing was that we have

to suffer to make that kind of money.

And here people are making more than the

kid who just graduated and just got

hired at JP Morgan. He's about to work

80our work weeks and he's getting out

earned by a chud on Roblox. So, the idea

of the things that we have to do to make

money starts to get a little blurry.

When the people working the hardest

using the old method have less money

than the people barely working at all

using the new one, you start asking

questions because if you don't, you can

end up doing everything that you were

quote supposed to and end up in a worse

spot than some kid who pressed a few

buttons the right way. So, the internet,

despite all the terrible things that

it's done, has leveled the playing

field. Now, if you have a phone, you

have a path to wealth. It doesn't mean

that, you know, that path is clear or

easy, but [ __ ] at least it's there. It

won't be forever. Back in the day, our

parents didn't see generational amounts

of money as something that could be

made. I mean, you could buy a plot of

land, you know, be like, "Yo, holy [ __ ]

there's oil on my land." You know, you

could win the lottery. Like that. That

was really the only way to come up on a

crazy bag out of nowhere. But now we see

what feels like every day generational

amounts of money being made in minutes.

And it's why I think it's important to

take some of the advice that people who

didn't grow up with the internet give

you, especially career advice with a

grain of salt, right? A lot of advice is

timeless. I'm a big believer in doing

the [ __ ] that humans have been doing for

centuries as opposed to like the [ __ ]

that just came out a couple years ago. I

keep telling the bros, if we want to

survive, we got to just keep doing the

[ __ ] they've been doing. Whether that's

reading, walking in nature, [ __ ]

playing chess, lighting fires, and [ __ ]

like just basic human stuff. Because I

think that there's a reason certain

behaviors and advice survive, you know,

the test of time. But the internet has

created new time. So now there's new

ways to get rich, new ways to go broke,

even new metrics of success. You know

me, I look at the corporate ladder, for

example, things like corporate awards

and could give less of a [ __ ] about a

title, an award. These mean nothing to

me. And I know a lot of people my age

feel the same way. My parents, their

parents cared about stuff like that,

right? The problem is now we live in a

valuebased world. And I just don't see

any value in things like that. I just

don't. It's like, it's like during the

industrial revolution. If a farmer tries

to give advice to someone who just

opened up a factory, some of it would be

helpful, I'm sure, but I'd be like,

dude, it's a whole new world out here,

you farmer. There certain things that I

need to figure out on my own. Another

way I like to think about it, it's like

the oil of the past has been drilled,

bro. So now there's new oil and it's

digital. And getting to this oil has

nothing to do with intelligence, which

is part of the reason that it's almost

funny. It makes no sense, dude. There's

kids who made seven figures on Fartcoin.

Is that kid smarter than the kid

grinding his ass off in law school right

now? Is the guy making six figures on

history YouTube videos smarter than the

history professor making half of that?

No. But the playbook has changed. The

old path it was like put in the time for

money. You work 8 hours, you get paid 8

hours. the way that the new wealth is

being generated now. It's more like you

do something once and it works for you

forever. That's how people are making

the most money these days. It's

leverage. It's again it's value in a

valuebased world. And it sounds insanely

simple like oh just do things that are

valuable bro. But if you follow

directions of society and you didn't ask

any questions there is a chance a high

chance you will end up like I did at a

job with zero value. It's like, what did

I learn at my old job? Excel? Is that a

joke? That is a skill with zero value in

this world. So, you know, if you're like

me, you're probably asking, if this new

way of making money is so good, why

wouldn't everyone be using it? A huge

reason is simple. It's because of

uncertainty. As humans, we're naturally

comfortable with certainty, naturally

uncomfortable with uncertainty. So, the

gatekeep before was college. The

gatekeep now is uncertainty. If it

wasn't for uncertainty, I would have

started my YouTube channel 10 years ago.

You know, that's what I really wanted

to. If it wasn't for uncertainty in 2016

when I knew that Bitcoin was valuable, I

would have held on to it. The difference

is now the old way of doing things,

going to college, getting a corporate

job. That's becoming uncertain on its

own. So now it's like what is there to

lose? For example, if you look at

someone like Aiden Ross, by all means,

this kid is a dumbass. I mean, I think

it's part of his image actually to come

off as a dumbass.

>> What does a fascist mean?

>> Um, it means you are

a faright authorization on you alter

ultra ultra.

>> Regardless how you feel about him, he's

an example of someone who used this new

playbook perfectly. any of these

streamers to be honest like attention is

a huge part of this because as our

attention spans get more and more shot

attention itself becomes more and more

valuable and that's a big part of the

reason that the way that wealth is being

created is so insane right now you look

at these Twitch streamers dude they're

making hundreds of thousands of dollars

a month so you see success like that and

how ridiculous it is that every time

they turn on the camera they make

someone's yearly salary right but what

you don't see is how much advice they

probably had to ignore to get to that

point, right? How many people probably

called them stupid or cringe for doing

what they were doing. And I don't think

that's going to be the case for much

longer. Like I think of the two things

personally that I've gotten the most

[ __ ] for doing. The first was the amount

of people old and young that called me

dumb for putting what I did into crypto

when I did. Right. The second being in

the amount of people that thought it was

weird or cringe that I started a YouTube

channel, you know, started sharing my

personal life on the internet. Those two

things alone ended up being some of the

better moves I've made as an adult so

far. They both gave me leverage. Had

nothing to do with my college education,

right? And I'm not saying quit your job

and become a streamer or dump all your

money into crypto. No, I'm saying

recognize that the things people will

call you stupid for trying will be the

same things that they'll call you lucky

for if it works in the future. And right

now, [ __ ] is working that's never worked

before. Millions of dollars on Roblox,

$1.5 million from a fireplace video on

YouTube. If you have a good idea, you

can make it a reality. You don't need

millions of dollars. You don't need

software engineers anymore. All you need

to do now is to be able to write prompts

well into claude. AI, the internet, it

has pretty much lowered every barrier to

entry that there is, including college.

And this applies to anyone in any field.

That's why I feel like it's so important

to recognize. Chess is a great example

to prove my point. Past few weeks, my

weird new thing instead of doom

scrolling is ripping a little chess. I'm

kind of getting addicted. I don't know

what's good with that or how long

that'll last, but I live in a world

where I can listen to the best chess

player in the world give away some of

his sauce. And all of a sudden, I know

all this [ __ ] about chess. And the same

goes for something like, you know,

content creation or investing. You ask a

boomer how to invest, they'll be like,

you know, index funds, slow and steady

returns, which is smart, by the way, and

I actually listen to that advice. But

they grew up in a time where the

craziest performance you could see from

a single company, a single stock would

be like McDonald's or some [ __ ]

[clears throat] right? Where you had to

go to school to make money investing.

But now, if you have a phone, like if

last year you thought to yourself, huh,

once AI video generation becomes

mainstream, it's going to take a ton of

computing power. So, what are the top

computing storage companies right now?

what do those uh stocks look like? That

thought process has nothing to do with

going to school. It's just logical

thinking. So, what happens a year later,

those stocks are up a,000%

year-over-year. So, obviously, this is

easier said than done, but the point is

like, you don't need to be a finance bro

to get in on the action anymore. You

don't need to go to school, you know, to

entertain people. All you need now is a

phone, a brain, and a pulse on the

internet. And I think that's kind of

dope. Like cuz if you're watching this

video, chances are you have all three of

those. So whether it's making content,

investing, starting an app, you know

where the value is and isn't. That's the

the benefit of growing up in this value

first world. And if you haven't taken

that first step, there's a chance it's

because you're you're scared of the

cursed word cringe. The cringe thing is

like a scop. I swear. Because if you can

get over this fear of being perceived as

cringe in this era, your chances of

winning in anything that you do triples.

And I used to really struggle with this.

And I used to call everything cringe. I

feel like the best way to kill that

mindset for me was just realizing

nothing will be more cringe than not

living the life that I could be living

because of someone else's opinion. Like

what do I have to lose that could be

worse than that? this fear of cringe. I

swear there's so many people out there

that would be billionaires by now if

they didn't have this fear. Fear of

other people's opinion. And in my

opinion, I think that's a big reason

people hesitate to try [ __ ] on the

internet. Even though we're in like this

gold rush of creating opportunities

right now and what comes with with all

these new opportunities is a bunch of

new traps to fall into which you have to

be really careful about. It's like back

in the day if you saved up all your

money to open up a DVD store just to get

mogged by Blockbuster a year later.

History doesn't remember that. History

remembers all the people that ran up a

bag during the San Francisco Gold Rush,

not the ones who sold all their [ __ ]

moved to San Francisco just to Colemax,

just to get nothing. So now there's bad

investments, there's gambling, there's

prediction markets, there's crypto

scams, even a stupid app idea. Like a

few years ago, [clears throat] if you

had a stupid app idea, you were just a

guy with another stupid app idea. Now,

you can actually make that stupid app.

So, you can waste a ton of time, energy,

and money doing that. It's the

Spider-Man quote. You know, with great

power comes great responsibility. Um, I

think that was started in Spider-Man. I

hope so. But you have to be careful of

all these things that are designed to

make you feel like you're taking

advantage of the internet, like you're

running this new playbook that's working

for other people. Like don't even get me

started on gambling on prediction

markets. They are running the new method

on you. You are not going to get rich

off a parlay, dude. Like have you ever

once heard of someone who actually won

anything long-term gambling? Even the

people that win the lotto, they end up

roping. If you could actually win from

this, they wouldn't be spending billions

of dollars trying to get you to sign up

and start playing. And investing, it's

the same. For every company, for every

crypto coin that goes up a,000%,

10,000%, there's a hundred, a thousand

probably that will go to zero. So, you

have to be aware of that because

uncertainty can kick your ass if you do

it wrong, right? Um, and plus, it's

important not to get too caught up on

the money itself. Like, this isn't about

escaping the matrix.

>> YOUR 14TH,

>> I'M ESCAPING THE MATRIX

>> FROM DISNEY. YOU KNOW, some of these

stories we hear about these kids making

millions of dollars, whether it's with

Roblox or Fartcoin or whatever, will end

poorly. Making money is not the end goal

for me. And I want to be very clear. The

move here is not quitting your job and

like begging for donations on live

stream or something, right? That's not

what I'm saying. What I'm saying is be

aware of how your skills, your interests

can work for you in new ways that might

feel uncertain. That's really it. You

know, let's say you love history, the

old way of doing things, it's like,

okay, you go to you go to school, you

get your bachelors or whatever, and then

you become a teacher. Again, if that's

what you want to do, go for it. But what

about starting a a a history channel on

YouTube, right? Even if it doesn't go

anywhere, what's the worst that could

happen? You're doing something you love

in a new way, not in a way that you know

won't really pan out. In a way, despite

all the doom and gloom of the internet,

the next five or so years, I truly think

will be like this gold rush in terms of

new ways to make money. So much is

happening so fast. If you can catch even

like a little ounce of it, you can win.

And it won't be like this forever. But

to reiterate, I'm not saying a regular

job is bad. That would be a really

stupid thing to say, especially in this

economy. But if you have one of these

jobs where the future of it feels

uncertain right now, which for a lot of

Gen Z's reality, hold on to it. Ideally,

you dual wield, you know, the old way of

making money with the new way of making

money. Run them at the same time. What

I'm saying is don't ignore what's

happening on the internet. Don't be

stubborn. I was stubborn for years, even

though I knew all that this was

happening. I mean, I was raised in it.

I'm literally a product of it and I was

still late to the party. the specifics

of what it is that you get into. It's

going to look different for everyone,

right? Whether it's content, investing,

creating an app, a digital product, but

at least try, dude. Like, nobody cares

if you fail. You have unlimited

intelligence in your pocket now. The

worst thing you can do is not try.

Doesn't matter what it is. That's it for

me. I'll talk to you guys later. Peace.