Matt Higgins

I do think it does something to your psychology of money, which is everything's about a lotto ticket. There's no way out of your hole. I remember there was no way out of my hole growing up with my mom. So we would, she would spend money on Omaha steaks. Like it'd be so bizarre. We would order these Omaha steaks. And I'm like, why? And the answer was like, tomorrow has no more hope than today.

I do think it does something to your psychology of money, which is everything's about a lotto ticket. There's no way out of your hole. I remember there was no way out of my hole growing up with my mom. So we would, she would spend money on Omaha steaks. Like it'd be so bizarre. We would order these Omaha steaks. And I'm like, why? And the answer was like, tomorrow has no more hope than today.

So we might as well feel good today. And so there was a lot of ticket mentality that I think I was born was the only way out of this if I went a lot of ticket. And I think that follows you through adulthood. And so my greatest regret with money is that I squandered the greatest gift everyone is given, which is time. Anybody on this call on listening has actually the power to manifest wealth.

So we might as well feel good today. And so there was a lot of ticket mentality that I think I was born was the only way out of this if I went a lot of ticket. And I think that follows you through adulthood. And so my greatest regret with money is that I squandered the greatest gift everyone is given, which is time. Anybody on this call on listening has actually the power to manifest wealth.

So we might as well feel good today. And so there was a lot of ticket mentality that I think I was born was the only way out of this if I went a lot of ticket. And I think that follows you through adulthood. And so my greatest regret with money is that I squandered the greatest gift everyone is given, which is time. Anybody on this call on listening has actually the power to manifest wealth.

simply by taking advantage of compounding in time. And I did not learn that until half my life was over. And it's like, damn, I squandered that asset. Like we were talking about Bitcoin for some context, right? I mined Bitcoin starting in 2012. And I was early and I mined 290 Bitcoins. And I got disinterested with that idea. I lost hope. I even put in my book, Bitcoin Stupid.

simply by taking advantage of compounding in time. And I did not learn that until half my life was over. And it's like, damn, I squandered that asset. Like we were talking about Bitcoin for some context, right? I mined Bitcoin starting in 2012. And I was early and I mined 290 Bitcoins. And I got disinterested with that idea. I lost hope. I even put in my book, Bitcoin Stupid.

simply by taking advantage of compounding in time. And I did not learn that until half my life was over. And it's like, damn, I squandered that asset. Like we were talking about Bitcoin for some context, right? I mined Bitcoin starting in 2012. And I was early and I mined 290 Bitcoins. And I got disinterested with that idea. I lost hope. I even put in my book, Bitcoin Stupid.

And I sold that Bitcoin in 2016. And if I had had not a lotto ticket mentality, but born with the recognition that compounding is everything, I would have stuck with the math of Bitcoin back then. And today that position is worth $30 million. By the time I'm 70, it'll be worth almost $400 million. And by the time I died, actuarially, it would be worth a billion.

And I sold that Bitcoin in 2016. And if I had had not a lotto ticket mentality, but born with the recognition that compounding is everything, I would have stuck with the math of Bitcoin back then. And today that position is worth $30 million. By the time I'm 70, it'll be worth almost $400 million. And by the time I died, actuarially, it would be worth a billion.

And I sold that Bitcoin in 2016. And if I had had not a lotto ticket mentality, but born with the recognition that compounding is everything, I would have stuck with the math of Bitcoin back then. And today that position is worth $30 million. By the time I'm 70, it'll be worth almost $400 million. And by the time I died, actuarially, it would be worth a billion.

So, if you are listening and you have a heartbeat, the greatest asset you still have in your possession is compounding. And I wish I had realized that, but because I was so anxious to escape that I didn't realize that pattern had taken hold of me. So, I would have gone back in time and be like, Matt, you got it all wrong. Just put it in the S&P. Yeah. Dollar, dollar, dollar cost average, baby.

So, if you are listening and you have a heartbeat, the greatest asset you still have in your possession is compounding. And I wish I had realized that, but because I was so anxious to escape that I didn't realize that pattern had taken hold of me. So, I would have gone back in time and be like, Matt, you got it all wrong. Just put it in the S&P. Yeah. Dollar, dollar, dollar cost average, baby.

So, if you are listening and you have a heartbeat, the greatest asset you still have in your possession is compounding. And I wish I had realized that, but because I was so anxious to escape that I didn't realize that pattern had taken hold of me. So, I would have gone back in time and be like, Matt, you got it all wrong. Just put it in the S&P. Yeah. Dollar, dollar, dollar cost average, baby.

It just means, I always say this, it's one of my favorite principles. It's hard enough to be right. It's impossible to know when you're going to be right. And I think people confuse those two concepts. They have an idea. They're like, I'm pretty sure self-driving cars are going to happen. And they go all in on something. But they didn't ask, well, when might that happen? And

It just means, I always say this, it's one of my favorite principles. It's hard enough to be right. It's impossible to know when you're going to be right. And I think people confuse those two concepts. They have an idea. They're like, I'm pretty sure self-driving cars are going to happen. And they go all in on something. But they didn't ask, well, when might that happen? And

It just means, I always say this, it's one of my favorite principles. It's hard enough to be right. It's impossible to know when you're going to be right. And I think people confuse those two concepts. They have an idea. They're like, I'm pretty sure self-driving cars are going to happen. And they go all in on something. But they didn't ask, well, when might that happen? And

It's probably going to take longer than anybody ever realizes, right? And that's the bottom line. You'll never get the timing of the arrival of your epiphany right. So you need to structure your bets to account for that. The better way to approach a thesis is to do what's called dollar-cost averaging, investing in something at regular, disciplined, formulaic intervals that you never change.

It's probably going to take longer than anybody ever realizes, right? And that's the bottom line. You'll never get the timing of the arrival of your epiphany right. So you need to structure your bets to account for that. The better way to approach a thesis is to do what's called dollar-cost averaging, investing in something at regular, disciplined, formulaic intervals that you never change.

It's probably going to take longer than anybody ever realizes, right? And that's the bottom line. You'll never get the timing of the arrival of your epiphany right. So you need to structure your bets to account for that. The better way to approach a thesis is to do what's called dollar-cost averaging, investing in something at regular, disciplined, formulaic intervals that you never change.