THE FORUMS

July 24th, 2014
How To Live Like A Rockstar Without Mad Money -- Limiting Beliefs & Thinking Outside The Box
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Tyler

Tyler

Instructor | Trusted Member

Join Date: 08/20/2006 | Posts: 8004

I was flipping through the ealier thread about the cost of bootcamp, and while I think everyone's questions were answered in there, I'd like to open up another thread about the epiphany I had while reading it -- which was the misconceptions and limiting beliefs that many people have about the necessity of having a lot of money to live a cool lifestyle.

Right off the bat, I want to say that I believe in being frugal.  I've lived frugal for years, and I think that spending money is for people who are misguided.  People read about me living in a closet for 18 months at Project Hollywood, and whle many people probably think I'd be embarrassed about that, I view it as a badge of honor.  I've also spent nights on floors, in bus shelters, in abandoned apartments, and many other places.  This isn't something I brag about because I'm not looking to make an identity out of it, but it's also something that in my own mind I'm very proud about.  I think that people who haven't done this are missing out, because they've restricted themselves to a boring lifestyle.

Now as far as why I don't believe in blowing money, my reason is simple.  If you are not "old money" then you really have very little "net worth".  In other words, although it's fairly easy to project the IMAGE of having a high net worth, it's hard to ACTUALLY HAVE a high net worth.  You can read about this further in the book "The Millionaires Next Door" if you're interested.

That being the case, if you don't come from "old money" then it will take you a life time to build a high net worth for yourself and your future family, and you should not be spending money on "stuff", but rather, mostly on things that are "investments" -- whether that's in your education, your skills, your businesses assets, or some other business that you're investing into.  Obviously you want to enjoy your money to an extent, because you could die at any time and if you lived like a total cheapskate then you'd have missed out.  But generally you want to restrict expenditures on legitimate life experiences that you'll benefit from, not "stuff".

So, reading this, you're probably wondering:  I've seen the pictures on that guy's blog, and it looks like he's living like a hip hop star or movie actor or something.  And then, his organization did 3 million in sales last year and is in the Inc 5000.  How can this make any sense?

Well as far as BUSINESS goes, every dollar you get, you want to FLIP BACK INTO YOUR COMPANY.  Only a very poor businessman takes money out as personal income, and pays ridiculous amounts of taxes on it, when he could be flipping it back into his organization.  If you aren't at a level where you're doing many millions in sales, and you have the magical combo of x-numbers of months of necessary cash reserves, your business is NOT STABLE.  It could fail at any time, which RSD has come inches away from failing and going BYE BYE at least 4 different times.  As soon as you get money from a big win, you ask yourself "Where is this going?"  What can we use this money for to build the business, to offer more value to customers, so they're loyal and stay with us?  NOT, where can we take a fat vacation to??

Then, as far as LIFESTYLE, and this is what I think is the most important part of this post, you can live the lifestyle of a rockstar for practically nothing, simply by being innovative and thinking outside the box.

It's always driven me nuts how many people will never travel, never get outside their comfort zones of home, because they think they need to blow retarded amounts of money on it.  If you want to travel, here's what you do.  It's really simple, and we've done this for years.

First, if you're in this community, that is the easiest way to get hook ups I can think of.  Simply post a shit load of good content, and show enthusiasm for the game.  Then, you have all these dudes who you make friends with on this forum, who have houses that they will let you crash at.

Now I know what you're thinking.  "My game isn't that good, so why would somebody put me in their house just so we can hit up clubs together?"  Well here's a lesson for you.  DO NOT FOCUS ON WHAT YOU CANNOT CONTROL.

Things that are outside your control are:
-Your skill level (you're working on it, but you can't control it on a day to day basis)
-Your results with women
-How "cool" you are

But, the things you CAN control are:
-Keeping a smile on your face
-Always being upbeat
-Being a riot to hang out with
-Being the FIRST GUY TO APPROACH, and being a total approach machine at all times, so that everyone wants to hang out with you

So in other words, one thing I know is that I'd rather hang out with a guy who is super positive and fun to hang out with, and a total approach machine who doesn't sit there like a moron LOOKING AT WHAT I'M DOING because he wants me to lead him, than a guy who is "better at the game" but not self-starter who is fun to be around.

As a newbie, even if you suck, it is extremely easy to get the veteran guys to hang out with you, or other newbies who want to be around an upbeat guy, just be focusing on what you can control.  Everyone is looking to "ride the wave of enthusiasm".  Why do you think all these veteran dudes hung out with Nick and I back in the day??  Not because we were super pimps -- we were basically idiot kids.  It was because we were super enthusiastic about what we were doing, and people wanted to hang out with guys who were fun, who were movers and shakers.

Using the hookups we made in the community, Nick and I were able to travel the world virtually for free for many years.  This is what offset the cost that we made practically no money whatsoever for our first several years of doing BC's.  From there, we still live frugal, as for example, I just came back from a weekend in Phoenix with $90 in my pocket, and I left with $200.  So I spent only $110 in four days.  And Nick, likewise, left for his tour of Europe with $1000 in his pocket, and came back with $400 after a month.

You do this by making hook ups with people and offering them value, and making them want to be your friend.  Yeah, that's pretty easy for Nick and I to do now because we're "known", but guess what??  It's no different now than it was in 2002 when we were doing the exact same thing.  If anything it's harder to do now, because people are so surprised we want to crash with them, whereas in the past it was more normal.

Soooooo, that being the case, if your lifestyle SUCKS, don't be looking at the people who are living large and bitching about how they're making mad money that you don't have access to.  Sure, a lot of idiots blow their cash like water, and live that type of hip hop lifestyle, while later declaring bankruptcy.  But there are also a lot of people who live a very similar lifestyle for practically nothing, just by being resourceful and thinking outside the box.

Lastly consider this:

Trip to Hawaii #1:
-Stay in fat hotel for $300/night, which is $2100 a week
-Eat in nice restaurants for $100/day in food, which is $700 a week

,..........and then enjoy the world class beaches, hiking, weather, etc.

Trip to Hawaii #2:
-Stay on buddies couch for $0, bring an eye mask and ear plugs so you sleep comfortably
-Buy groceries and stash them in your buddies fridge, and eat for $15/day, which is $105 for the week

........and then ALSO enjoy the world class beaches, hiking, weather, etc.

Notice that the CORE of the trip, as in, the GOOD PARTS, are still the same.  That's how we've been doing this all these years.  Truth revealed.

Let's be real here.  For a family man, with crazy expenses and time commitments to his kids, travelling is pretty damned hard.  But for a SINGLE GUY with NO FAMILY TO HOLD HIM BACK, give me a break -- any guy in that situation can travel, see the world, and live the MAIN GOOD PARTS of the rockstar lifestyle (travel, etc), without the frills, for pretty darned cheap.

You can either look into this, or sit around bitching and moaning about how it's bullshit and try to poke holes in it.  Up to you. But I recommend thinking outside the box, because it's worth it.


Tyler

Oh and PS:  How did I live Ocean front in Hawaii??  Simple.  I lived without a car (and all the repairs, insurance, and gas that comes with it), and in a 400 square foot apartment.  I chose to take the place with the bed on the balcony, 10 feet away from the ocean, and a 10 minute walk from downtown Waikiki, and gave up the car and the unnecessary living space.  To get around the island, I found guys who wanted to learn game, made friends with them, and in return they drove me around wherever I needed.  This kept my expenses lower than what most of you reading this post probably blew all those months.  You can have practically anything you want, IF you're willing to get outside the box and be resourceful.
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#1
Caligula

Caligula

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Join Date: 06/23/2008 | Posts: 1626

 This is an incredible post Tyler.  For a couple of weeks now I have been trying to figure out how to keep my living expenses down to $300 a month so I can focus exclusively on my business.  This post provided me with lots of things that I can implement immediately to this end.

I do not get this part though:

Quote:
Now as far as why I don't believe in blowing money, my reason is simple. If you are not "old money" then you really have very little "net worth". In other words, although it's fairly easy to project the IMAGE of having a high net worth, it's hard to ACTUALLY HAVE a high net worth. You can read about this further in the book "The Millionaires Next Door" if you're interested.

That being the case, if you don't come from "old money" then it will take you a life time to build a high net worth for yourself and your future family, and you should not be spending money on "stuff", but rather, mostly on things that are "investments" -- whether that's in your education, your skills, your businesses assets, or some other business that you're investing into. Obviously you want to enjoy your money to an extent, because you could die at any time and if you lived like a total cheapskate then you'd have missed out. But generally you want to restrict expenditures on legitimate life experiences that you'll benefit from, not "stuff".


What does "net worth" mean, and why is it desirable?

-Caligula
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#2
OMAR

OMAR

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Join Date: 04/08/2008 | Posts: 1144

flawless victory, Finish Him
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#3
Tyler

Tyler

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Join Date: 08/20/2006 | Posts: 8004

Caligula wrote:
 This is an incredible post Tyler.  For a couple of weeks now I have been trying to figure out how to keep my living expenses down to $300 a month so I can focus exclusively on my business.  This post provided me with lots of things that I can implement immediately to this end.

I do not get this part though:



Quote:
Now as far as why I don't believe in blowing money, my reason is simple. If you are not "old money" then you really have very little "net worth". In other words, although it's fairly easy to project the IMAGE of having a high net worth, it's hard to ACTUALLY HAVE a high net worth. You can read about this further in the book "The Millionaires Next Door" if you're interested.

That being the case, if you don't come from "old money" then it will take you a life time to build a high net worth for yourself and your future family, and you should not be spending money on "stuff", but rather, mostly on things that are "investments" -- whether that's in your education, your skills, your businesses assets, or some other business that you're investing into. Obviously you want to enjoy your money to an extent, because you could die at any time and if you lived like a total cheapskate then you'd have missed out. But generally you want to restrict expenditures on legitimate life experiences that you'll benefit from, not "stuff".


What does "net worth" mean, and why is it desirable?

-Caligula

Thanks man!

Check "The Millionaires Next Door" for this, because although I could explain it, if there's any question in your head then you should probably go straight to the source.


Tyler
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#4
Sexyasian

Sexyasian

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Join Date: 03/25/2008 | Posts: 681

The SMARTEST thing to do Tyler, is really you CAN LIVE like a ROCKSTAR with a college graduate income ie, $30,000 a year.

Instead of the $300 a night hotel, try this:

A hostel (single room) - $19-30 a night depending on the location.
Eating at a local restaurant - $5-10 per meal - have tony tiger cereal for breakfast = $20-30 a day
Doing the excursions: Same price, if your out to have fun, really peopel like to be cheap, but the tour companies IMO, especially in undeveloped countries know how to cut through the red tape, bs, and whatever shenigans that might come up. worth the price IMO. doing it myself adds too much stress. The hostel ones are reasonable prices.

The big hangup is the plane ticket, your gonna have to shell for that but travel is not bad, RT from Dallas to BA is around $900, considering the distance its not bad... or you can take short hops to places like CR, eastern europe. Screw latvia though, damn inflation!

I've blown money on experiences, because IMO you gotta live life to the fullest and any day you could die. So I disagree with you on putting most of your money back to your business. For me, its like 50/50.

Stuff includes: Of course $2000 for bootcamp, $1800 for a week tour of North Korea, paying $300 to dance in the carnival in the sambodromo, $1000 for olympic tickets, one to see michael phelps #8 FRONT ROW, another to see Usain Bolt in the 20th row on the trackway, both unforgettable, and one including inadvertingly gaming one of phelp's relatives. Getting to throw the US flag to Piersol was something not to be forgotten. Have a few pieces of an olympic flowers thrown to the crowd when they won gold. Then I stayed in a Hostel in Da Sha Lin, a hutong (beijing old school ghetto), loved the food, the people, loved the whole experience. Of course not everyone can make money online, but really i could do all this at $3X,XXXX a year after taxes salary.

I've lost out too, scammed $200 trying to get in to the Superclasico, one fake ticket, one legit ticket, but couldnt get in cause the police said it was "full" and charged us.

Of course if its europe, then no need, but you aint gonna get by cheap in Europe cause of transportation costs alone, ie taxi, buses. In denmark a bus ride would cost $6 one way to where i lived, of course save lots of money with 1 month pass, but it aint cheap.

So in turn you want to live like a rockstar? Go to somewhere like Argentina, a developing country, and your dollar or euro is worth much more.

Although I must say tyler, you can't say that an instructor living for bc at one of the nicest hotels in Stockholm is living on a "frugal" budget. First time in a while I've stayed at a hotel.
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#5

duG

Trusted Member

Join Date: 02/05/2008 | Posts: 1465

WOOOOOOOO! Waikiki here I come. Cant wait man! Soon as I get out of college in 2 years, you know where I'll be.

Great to see you active on the forum again. Too much fieldwork?(is that even possible?)

Better watch out, DUG-dynamics might just dominate your top spot. wink

This man knows his shit, you all would do yourself a great service to print his words out and study. This is the shit they dont teach you in school.
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#6
dloux31

dloux31

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Join Date: 01/03/2009 | Posts: 464

I think one thing missing from the OP is the concept of ambition & its importance is game, conveying an identity, & overall life development.

no matter what your background is (poor vs having old money) we as men should all be striving to be better men in all areas & one of those areas should be financial security & taking care of your family & legacy....

women are naturally attracted to a man w pure ambition - & it doesn't necessary have to equate to money. tht why someone like tyler & others did not let their lack of money affect their game bc money is part of the ego (easy come easy go) not true essence (universal).

I don't know all of Tyler's life story but I'm sure a HUGE part of why he was & still pulls a lot of women is because he is AMBITIOUS to be better in all areas of his life, not just women.

where as u have PowerChodes who abuse their money to exploit others & let other positive Alpha Male attributes fall by the waist side. these type of guys lie, cheat, & steal from women & guys alike. & end up relying on hookers, strip clubs, & porn for cheap thrills...

the bottomline to me is:
1. u should not use money to exploit women - rich or poor
2. we all as men should be striving to become better in all areas of life (including), & that ambitious quality will naturally attract high quality women into life.
3. don't live beyond ur means, reinvest into ur future, they are always cheaper ways to have fun (reitierating the OP here)
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#7
TheNimbus

TheNimbus

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Join Date: 07/31/2008 | Posts: 189

Faaaaaaaaaaaaak, Posts like this makes me wana pack myshit and buy a one way ticket to Vagas

WHAT IF YOU HAVE 400$/month PAYMENTS To credit cards and shit that you ahve to pay off and cant just fuk off and do your own thing...

I owe student loan and credit crads so much money... and i feel STUCK in the Rat race... I feel the only way for me to be able to be free and travel the world or go back packing is to clear my debt that i have...


Can some one think out side the box for me ? 
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#8
Caligula

Caligula

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Join Date: 06/23/2008 | Posts: 1626

TheNimbus wrote:
Faaaaaaaaaaaaak, Posts like this makes me wana pack myshit and buy a one way ticket to Vagas

WHAT IF YOU HAVE 400$/month PAYMENTS To credit cards and shit that you ahve to pay off and cant just fuk off and do your own thing...

I owe student loan and credit crads so much money... and i feel STUCK in the Rat race... I feel the only way for me to be able to be free and travel the world or go back packing is to clear my debt that i have...


Can some one think out side the box for me ? 


Make paying off your debt by x date your purpose and do what you got to do in order to succeed.

Maybe that means blocking off a few months to generate as much income as humanly possible by working all day while making all non-debt related expenses minimal.

Just a thought.

-Caligula
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#9

duG

Trusted Member

Join Date: 02/05/2008 | Posts: 1465

Tyler, organize a mass street marketing campaign!

Think about it.

We plaster the streets with your approved posters. we have affiliate links on our individual posters that link up to a splash page to sell the DVD sets, bootcamps, mastermind, etc.

Each sale we convert we get a % of money.

I know I would blanket my campus and the campuses around me.

God, RSD could explode. It might get too big.
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#10

xetsu

Senior Member

Join Date: 01/10/2009 | Posts: 126

I really like this post. Since i come from a high-middle class family my mom keeps telling me how important money is for traveling and how anything under 60k a year won't get you anywhere. My father is more frugal tho, he barely wastes money, only on what he really needs. I've started taking on the frugal attidude lately. I don't need a 1,000 square foot house, or a 3,000 dollar tv. I just need a good bedroom/bathroom with a flouroscent light and thats cool.

So guys , STOP thinking money will solva all your problems or that you can't achieve what you want without money. I'm not trying to undermine the importance of it; but it should rarely be used as an excuse.

I disagree with the bussiness part tho, i agree with sexysam. you sould use money for expriences as well. If all your money cause back into making more money, aren't you forgetting the reason you want money in the first place?  In this case, money has become the end, instead of a means to it. 
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