While making up to $1 million a month, the speaker lived with six roommates, paid $1,200 rent, and wore gym shirts to save capital for big entrepreneurial bets. Most people want to take risks but lack the discipline to save for them.
I do not ask people to do things that I haven't done. And so like when I was taking in $20,000 a month, me personally, I was in a house with 6 roommates and I split my bedroom with one roommate. And so we got to pay half rent of 6 in a house. Like, yeah, 2 beds, 2 dudes looking at each other like every night. I, at the time, had a car that I had paid for in cash. I had no car payments. I didn't go shopping for clothing. I just wore my gym t-shirts that had my logo on it. And I was paying a 12th of the mortgage of this mediocre house in Costa Mesa. Even when I was making $1 million a month, our rent was $1,200 a month. That's the thing. It's like you do this so you can take the shots. Like, you— so many people want to make big bets, but they can't make the small savings to make the big bets later.
