Back in the old days, I’d come to work on New Year’s eve and hand out bottles of Moet to my fellow co-workers, sort of like a drunken Santa Claus. We’d buy two cases and just go nuts. The office was usually a graveyard, as most brokers were out copping 8 balls, instead of paying attention to the market. Brokers are an interesting animal, both smart and dumb at the same time. Most of them are properly educated, regardless of the firm. However, there is something about commission only work that turns people into imbeciles. People always covet what they do not own. So, when someone sees a big producer taking down 250k per month, they want to emulate that and behave in a way that is not productive, ironically, to their clients.
I stopped taking clients a long time ago, as I do not want to live the life of servitude for total jackasses. I know it’s counter-intuitive, declining new business and all; but I have my own money and no longer feel it is necessary to slave over hot hard drives for some asshole in Kentucky.
Money is not something that was always easy to come by for me, so do not misconstrue who you are speaking to. I remember eating crackerjacks for dinner and orange juice with cereal for breakfast, ’cause the milk was sour. So don’t come here with your fucking sob stories, bitching about how poor you are now. Actually, it’s a funny thing, looking back now. No matter how hard my life was, with regards to money being scarce, I always knew I’d be “rich as fuck” one day. When I was starting out in the business, I went months without a check, while the wife and new born baby waited long, hard hours for me at home, in our pathetic basement apartment, locating in dumbfuck Brooklyn. I worked from 8am to 11pm, most of the time. It was either “hustle hard,” or die. An interesting choice, one that I feel everyone should have to endure at least once. Borrowing money was not an option, since my family is your typical American middle class. So, like so many others in my position, credit cards became a respite.
Fast forward a few years, and I was 50-75k in debt, fucked by banks.
What changed for me was the day that I started working for my clients and not for myself, if you know what I mean. People are not stupid. They know when someone is disingenuous about their actions. I built my business strong, from the ground up, on trust. People trust you when you are honest and do things that exhibit honour [sic] and virtue. Luckily for me, I’ve always been interested in the stock market, since the age of 10. So I knew how to pick stocks and had a knack for banking coin. Before I knew what hit me, I was out of debt and tripling my money in dot com stocks.
Shortly after the dot come collapse hit, a new crisis hit me, one that humbles me to this day. However, instead of telling you that now, I will leave it for another day.
LOTTO TICKET UPDATE: MY SCEI IS A WINNER!!
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Great post to end the year. You give me hope to achieve, my friend
god bless man.knowing poverty makes a person strong. some of us endure more than others,without complaining.happy new year
bot some CHLN
Poverty is the highway to freedom
Great post… I happen to know someone without naming names with a very similar story.
Ever sell your own plasma and childhood comic books to put some Similac in your baby’s bottle? Sounds like you have.
Congrats on all your successes and look forward to a BIG 2011!
Sold my baseball cards.
Now Nathan, Before you leave, remember these two things…
God loves a working man..and don’t ever trust whitie..
Happy new year you guys…
I have my own money and no longer feel it is necessary to slave over hot hard drives for some asshole in Kentucky.
You have to admit, though, that having the Calipari account made for excellent cocktail party banter.
______
Poverty is the highway to freedom.
Deja Vu?
The second time hearing you say that has more impact than the first.
Sold CMP
Bought CRIC
Thanks for sharing. Our stories have a lot of parallels.
Banking coin is fun. The end
My dear Fly,
I stumbled accross your site in 2007 while traveling remote parts of SW China and have watched your blog evolve from an idea to a successful business. I was flattered by your attempt to Shanghi me into writting a weekend blog back then.
You work hard; very hard, have tallent and have earned your success.
MAZEL TOV AND HAPPY NEW YEAR!
Ha. Long time Mike.
At my trust company we acknowledged the impending New Year, not with Moet but, with several bottles of Mezcal Del Maguey. Not classy so much but, it sure brought out the numbnuts who thought they could drink it like cheap schnapps. Taught a nice lesson to some boarding school tight asses. Et moi? Still working on my first $250k/mo. and still loving it.
These stories are always by far your best stuff
prostrations!
FREEDOM!!!
Stick to picking stocks, your self-pity is not flattering.
BANNED
OYOG for the 100 Roll …
The biggest producers in my office are scumbags…better at intimidating clients than exhibiting honour or virtue, so it’s nice to hear a story about an honest guy building his practice with integrity….hopefully that will be my story if I keep pushing. Cheers.
Did the poverty thing as well, didn’t like it too much. But like you say it builds character and teaches lessons that pay off handsomely when times are better.
I know, right? I started out with nothing and still have almost all of it left!
~changing the subject here a little, but I wander if this might be somewhat what deranged money managers get like.
http://www.youtube.com/watch?v=QGJuMBdaqIw&feature=fvw
This is the best Nic Cage, ever. Saw the movie of him becoming a vampire and never forgot the scene where he goes to his secretary’s house and makes her come into work to look for a file…after she called in sick because he was stressing her out so bad. LOL
i don’t know how that strange vid got in up there, but this is one I meant to post –
http://www.youtube.com/watch?v=xP1-oquwoL8
Thanks Fly
I love a good rags to riches story. We share similar paths.
Happy New Year to you and family.
As one who once had to quit smoking so as to be able to afford toilet paper for his family, I appreciate your post!
Thanks, and a Happy New Years to you and yours!
The best part of his story is where is decided to work for his clients and not himself, IMO. It’s not the rags to riches thing, it’s the integrity thing. And tha it really is what determines success.
I mean we are all taught that, but when we see it in practice and that it true, it’s really inspirational and uplifting.
Wow, sorry for my bad typing skills today. Trying to type balancing the thing on one knee.
I always like story time with Uncle Fly.
Happy New Year to you and yours.
Thanks for sharing, Mr. Fly.
What part of Brooklyn ?
Great post o gracious fly. I’ve always had a feeling that you were one of us that has paid his dues. Happy new year to all!
Thank you for sharing. Now lets get banking some coin.
East flatbush
I currently work there. Firehouse on Rogers Ave.
I was up near Utica
Fly, you rock….Mazel Tov to you and your family and hoping for nothing but success for you and yours…
what a read. thanks for sharing. best wishes to your wife who went through hard time with you by your side.
Very touching story