Don't be that 40 year old guy who blows millions on dumb stuff

Many conversations focus on the potential of bitcoin, the future wealth, tech, etc. This is NOT about this. This is about what I think to do and not to do.

When I was 27, I met a guy at my apartment complex in 2011. He had made millions -yes, millions, in the mortgage market. He was making $800,000 a year-during 2007-that's like 1,200,000 today. And from what I understood, he was doing some shady ass stuff. He had the music video lifestyle-had a lambo, a house with an insane backyard, and god knows where he ate and what he did for fun. He had it all.

The key word is HAD. He was in his early 40s. He said all he ended up with was a watch. He lost everything.

The point I'm trying to get across is this-twitter/instagram/etc is filled with traders making tons of $-the cars, the watches, clothes, boats, etc. 99% of this is for show. Most wealthy people don't do this stuff. Nothing wrong with nice stuff, I'm saying what I know.

Whether you love bitcoin or NOT, I hope you make tons of $. I hope you have a plan.

1. The way to get ahead is to make money like a rich person and live like a poor person for 3 years. The way to get rich is to do this for 5years. The way to get wealthy is to do this for 10 years. I know plenty of people who make $20k a month and are flat broke.
2. Pick a vice. If you make more money, it's perfectly normal and healthy to reward yourself. Pick one-trips, partying, a cool car, dining out, etc. And know it's a reward. Where people get into trouble is car + clothes + partying.
3. The more you make, the more you will get leeched on. This sounds shit, but it's true. I was a generous person and my generosity got taken advantage of. Do not be an unnecessary target.
4. Create an income stream. I don't care if it's $100 month. Create an income stream.
5. Understand there are 100 people at party. 95 send checks. 5 collect them. You want to be in that 5.
6. If you buy real estate, buy the shittiest house in the nicest neighborhood. Rich people want to live around other rich people.
7. Don't tell your bosses/coworkers how much btc you have. Your boss will hate you if you are richer than she/he.
8. Stay away from drugs and escorts. I've seen people ruin their lives over this. Just say no.
9. Don't be an asshole. Bad karma.
10. If you have tons of money, help the people who helped you on the way up. A gold rolex and baller penthouse won't make you happy. Giving your parents a vacation or car will.