Category Archives for "Random Rant"

Random Rant #2: Social impact versus making money.

I think a lot of young entrepeneur/ digital nomad / online expat people / young professionals think about this problem.

When do you take money and when do you take social impact. It’s kinda generic that almost everyone gets happy from “helping people”. That’s why you also see a lot of experts sharing their knowledge.

Helping other people gives you a good feeling. That’s just how it is for most people. Definitly when your money goals have been reached.

So than where is the balance and what are things we should take into consideration when thinking about ourselves in this situation.

1. Money is safety, how much do you need?

You need money to survive. you can’t survive on mindfulness. So how much money do you need to be comfortable and safe? That’s a number that is really personal. It’s also very reliable on your income source. When you work for a boss you are probably not getting any more money once you quit.

When you are running some online business you probably can keep a lot of the income with mimimal work. Even expending your business with only 2 – 10 hours a week is possible.

2. What are your plans after it?

The second thing is, what are your plans after. It might be a good idea to spend some time thinking about you want to do next before quiting your current project/ job.

3. What are your skills?

My skills are mostly online. Next to that i am pretty good at human behavior. So for me it wouldn’t make any sense to start a local bakkery. It would make more sense to create an online platform that could help people in a certain way.

4. What are current neccesities that need to be fulfilled?

It’s super cool if you are good at building homes. But if you are living in a 1st world country, there is not a real need for your skills. It would make way more sense to go to a 3rd world country where housing is a problem.

There are also a lot of people that go the route of forcing the “helping people”. These people in general study something like social studies/ psychologie or some other half useless study. At the end they got some skills. But most of the time they still

5. How does your future looks at your work.

So let’s take a look at some work aholics. Some of the most succesful entrepeneurs in the last 20 years are people like Warren buffet and bill gates. They have accumulated more than 100 billion together. One of the most interesting things is that they pledged that they would give away 50-99% of their assets away in their life.

Bill gates is currently curing a bunch of diseases. The only reason that he was able to do this right now is cause he went mortal on his business for decades. Creating a huge empire that also impacted society in a good way. So you should take into consideration what happends when you keep working.

On the other side there are people making 30k – 100k where there will be less impact on their future impact.

The Above Average Matter Most

Warning: This can hurt your feelings. For advice on if this place is for you go to the blog guidelines.

I was reading the "The wit and Wisdom of Lee Kuan Yew" (highly recommended). And in it he emphasised on the importance of the people above that can perform and do perform above average.

This was kinda interesting cause i never really came across this thought. 

It made me think. I was thinking about the following:

1. What is the impact that an above average person has or can have?
2. What is the impact that an average person has.

When you think about a person who is above average than you automaticly come across 2 things. Output and Potential.

What are companies:

Companies are collectives of people that strive to create some sort of value that someone else is willing to pay a certain amount for.

How is a company born?

One person. Sometimes two, sometimes three. Most of the time these people sacrafice a lot of short term gains for long term gains. 

What is there at the end? A machine / system that produces sometimes. Who work on the companies? A lot of average people and some above average people.

Conclusion: Most providers of wealth come from above average people

Where are the people that are just a little above average?

Within a company. Most of the time they have a leadership role. Within this leadership role they influence a lot of people. Saying they are doing a good job (which would imply they are above average) they have effect on a lot of lives. It's the same with leaders in a country. Lee Kuan Yew was 1 person. Yet he has influence on millions of people. Most people who get to those functions are above average. It's hard when you make average decision and put in average time and sacrifice an average amount of side projects (family/ friends) to raise to the top. 

So you can find the average people above average in the top of the fields.

So why is not less usefull to focus on the average. 

The world is hard. There are so many variables that you can only grab a small portion. And that is when your brain is not failing your ass. If your IQ is 80. Good fucking luck getting to a decent position. 

So let's say we have a super succesful person who is than able to teach others to be more succesful (this is the normal method). 

When he has to pick the 5 people he can teach. it only make sense to pick the ones who have the most chance of succeeding (this is not only based on IQ. it's based on stuff like drive and other things). 

You only have limited time and resources to it makes sense to focus precise on the ones that have the ability to get what you are trying to teach. 

Scenario 1: What happends when you take 5 average people

When you train 5 average people you can make them good performing average people. Maybe one will go out and do something really good

Scenario 2: What happends when you take 5 top performing people.

When you train 5 top performing people you end up with 5 good performing people who have good skills. The chance of 2 ormore people doing something really well is way bigger. So the ROI on your time is much greater. 

So now we get to the end result

End result: Discrimination

Holy shit what has the word discrimination a horrible reputation. But what it means in reality. In reality it means seeing differences. 

So when is discrimination not justified? This is very difficult. There might not be a short answer to it. 

I might be more smart to talk about the times it is justified. 

But after thinking about it. I don't know. How about that as an ending. I dont fucking know.

I think about it sometimes. It's an interesting discussion. But I don't have a full answer to it that makes enough sense to me.