Fresh out of university I got a job working in a Bet9ja shop as a cashier/attendant.
Not the most ideal place for one to start their working journey, but I’d just finished school waiting for NYSC and needed the money to survive.
I also needed the lessons.
Here are the 8 things I learned: 👇🏿
1. Sunk Cost Fallacy
“Guy, I wan recover, make I just play this one”
Sunk cost is the misconception that you need to pump more money or time into a bad investment and ‘force’ it to become profitable, or else all the time and money you already invested would have been for nothing.
People spend more time at a job that doesn’t fulfil them because they feel if they put in more time then it’d get better.
People stay in a relationship that drains them hoping their partners will change if they could just show them a little more love.
It’s a fallacy!
In reality, you end up wasting the new investment as well. No upside.
I saw people lose more money than they’d lost before while trying to ‘recover’.
“There are two important rules of business, knowing when to get in and when to get out. Of the two, knowing when to get out is the most important.” – Hymie Levy (The Power Of One)
I’m a stickler for determination and holding on, but whether in a relationship or business, sometimes it’s better to end it. At least for your mental health.
“Bros, you sure sey you no go free today own just rest?”
“No worry, make I just play this last one.”
And then he goes on to play 20 more times after that.
Not everything will work even with consistency.
2. Giving Has Nothing To Do With How Much You Have.
One of my best tippers was a security guard at a Zenith Bank branch close to my shop.
He’ll tip me for absolutely no reason whether he won or lost. Sometimes, he even brought snacks to my cashier stand.
Learn how to tip.
It makes the receiver’s day. It makes your day too.
Plus, in a world with an increasing income divide, many of these workers lowkey depend on your tips to keep body and soul together.
3. Pressure Tests Everything and Everyone.
The gambling world thrives on consistency.
But what happens when you don’t stop losing and just keep racking up debt?
How do you handle debt?
Some of the best gamblers crumble under pressure from losing.
Life isn’t any different.
Many people will crumble when life gets harder.
What about you?
4. The Man With Money Has More Friends, More Access And More Opportunities.
The big stakers and big tippers always had people around them. And they also got lots of special treatment.
A wise man once told me, “In all thy getting get money.”
And nothing could have been any truer.
People will treat you better when you have money in your pocket and they know you’ve got options.
5. Miracles Happen… And So Do Disasters.
I remember one Champions League night in 2016 when I needed 3 last minute goals to win a ticket.
They all came through.
I cried tears of joy, fam 😭
But what if it never happened?
That’s the same thing with life, you’re one win away from massive success.
You need just one massive win to wipe out a string of losses.
You’re also one wrong decision away from total disaster.
Some people would come from their shops after a day of business and blow everything (capital + profit).
Some people lost their jobs because they had gambling problems.
6. Luck Follows Consistency.
The guys who win big know they have to keep playing even after a string of losses.
I don’t advise you to be a gambler though because it could kill you.
But even in real life, you have to keep going.
Reminds me of this video 😁
7. Focus On What People Do, Not What People Say or Say They’ll Do.
If you’re going to be an excellent judge of character, it’s important you look past things people say and instead focus on what they do.
In your business, relationships, personal interactions, look at what the other party does, not what they say or say they’ll do.
This is one of the major reasons why I don’t rate what a lot of people post here online.
Talk is cheap. Action is the real differentiator.
“I’ll start investing once I make more money.”
“I’ll focus on my health once I…”
“I’ll start making better life decisions when I…”
Rubbish, they won’t.
8. Greed Is A Crazy Motivator.
They say there’s a thin line between greed and ambition.
If you add loss aversion to it, you’ll either be a great success or get wiped out.
Talking about loss aversion, I just remembered something that happened to me last month.
So, I remember trying to use this book website and I was given a 30 days free subscription.
But under one condition: I had to put in my credit card details.
I didn’t see it as anything.
I just believed I could put in my card details and if the website wasn’t worth it, I’ll just cancel my subscription and remove it.
Fast forward 30 days later, I hadn’t read the book that made me put my card details in that site 😅
They charged my card 😭
But as if that would be an awakening, I just managed to read one or two chapters.
I didn’t read anything from that book again until one day I woke up and my mind went straight to the website and I remembered they’d be charging me again soon.
Fam, I read that book till the end over the next week 😁
It was when I finished I discovered I wasn’t even about to be charged yet.
I was just afraid of losing money again and not getting anything out of it.
So, as much as gamblers tell you the number one rule of gambling is “don’t stake more than you can afford to lose”, nobody likes to lose money.
In the true sense, there’s almost no amount you can afford to lose.
Which is why if you want to make money from sports betting sites like Bet9ja, Nairabet and others WITHOUT PLACING A SINGLE BET, you should watch this video 👇🏿
There’s a common misconception dopamine is released in the brain as a result of engaging in pleasurable activities like sex, eating a nice meal, having a drink etc.
But hold on to that thought for a second.
In which other country would an immigrant from Mexico, Italy, India or somewhere in Africa move to, start a business or get a job, see five of their kids through college and then one of them goes on to build a Silicon Valley startup worth $ 7 billion.
I don’t know whose family history this is exactly, but if you drew a line across the stories of immigrants, and even people of colour (despite the depths of institutional racism reported across the country), America rewards dopamine.
America rewards hardworking people.
Which takes us back to the third sentence in this post.
The misconception surrounding dopamine.
We commonly believe dopamine is only attributed to activities that can be termed as natty and time-wasting like Netflix & gaming.
But where else can a gamer (regarded as deadbeat in other cultures) go on to become a reality star, stack bundles of cash and even build a business off such natty behaviour?
Yet another reward for dopamine.
But this isn’t even the misconception of dopamine.
The bigger misconception is we believe dopamine only comes as an end product. We don’t even know dopamine is also tied to the process.
The process of building a business and racking small wins like your first order, your 10th sale, your 50th customer and then onto bigger things.
Dopamine hits like waking up everyday to Nike adverts and seeing these NBA players in the flesh and knowing that if you could put in work, chances are you could make it.
Dopamine hits like seeing Serena Williams on TV and being able to relate to her because her cousin was your classmate in high school.
Dopamine hits like walking down the Hollywood Boulevard and bumping into your favourite actor.
That kind of dopamine hit.
The one that assures you that everything is possible if you keep striving.
There’s a win around the corner.
Success isn’t far away.
This week there was another conversation again concerning the Yahoo menace in Nigeria.
I recall a friend sharing this story on Twitter:
“I just had one of the most unnerving experience of my life.
So this woman on my street called me to help her to talk her child that’s been moving with Yahoo boys and apparently started doing it too, the woman started the conversation by saying I’m an example of someone the boy should emulate and see as a mentor, seeing how I’m nicely dressed going to work everyday and I how I keep my life off drugs and going about things the right way.
So I told the boy, why old fashioned hard work pays and how there are legit ICT skills he can learn.
The part that blew me away, boy started by saying no disrespect to me but looking good in shirt and tie or being unproblematic doesn’t pay the major bills, that he doesn’t see me driving a car, but bro Tunde who didn’t even finish secondary school but does “G” drives a nice car.
Boy said he can’t waste the next ten years of his life just to become a guy that wear shirt and tie to fly bike to work or wait for office bus.
I tried to tell him that I have responsibilities and buying a car is a luxury I can’t afford right now that there are guys who are like me who can actually “ball” and that I enjoy life in a different way than spending money on call girls and alcohol.
Boy said he got an iTunes gift card of $200 within 2 days of asking and no work can guarantee him that..
At that point I just kept mute and told the mother to pray for him or find someone he respects to talk him out of it.
Kids these days see Yahoo boys as mentors than regular hard working guys because our society worships money and we live in a country that rewards greedy politicians than Doctors, teachers and co.”
This tweet is over 1 year old.
But it still lives in my head.
I remember writing “We need role models in our community. But we don’t just need role models, we need RICH role models with legal means” as a response.
But I don’t just think that’s enough.
Rich role models are great.
But people want to also feel like their efforts matter.
People want to believe their work can bring them success. Not get snuffed out by a system that rewards the guy who can break the law and get away with it.
In this fast paced Indomie world we live in today where instant gratification reigns supreme, we also need a system that rewards dopamine.
But not dopamine as we know it.
But as Americans & American immigrants know it.
I have a feeling this is why comedy, skit making & social media influencing are on the high nowadays.
With the exposure, monies, sponsorship & endorsement deals, it’s the closest thing to a reward system.
Everyday when I come online I see one new tweet, post or an article about what people say they’ll teach their kids or what they’ll make sure their kids learn.
I’ve seen people say they’ll make sure their kids learn skills like sales and marketing, copywriting, red pill and pickup artistry, coding, writing and whatnot.
I’ve seen people use terms like love, family, happiness, satisfaction etc, to describe what they’ll ensure their kids know and understand.
And of course, this is all good.
But I haven’t seen anyone talk about detachment yet.
Maybe it’s because it’s not as popular as the rest. But imagine training a child to learn how to be detached from outcomes.
And that’s because a detached person isn’t carried away so much by success they forget there are still battles ahead to be fought and won.
A detached person isn’t weighed down so much by failure or a series of failures they stop believing in themselves or fail to realize there’s always a glimmer of light at the end of the tunnel. And that this light is in fact hope, and this hope is a hope of success.
A detached person isn’t tied down by sunk cost fallacy – choosing to stay in a relationship, partnership, country, business or deal because of how much they’ve invested in it already whether emotionally, financially, physically or with their time and energy.
A detached person can always pack up and leave.
A detached person is willing to let go.
And that’s the beauty of detachment – from outcomes and people.
It’s the greatest form of freedom because it allows you see the forest for the trees.
It also gives you the much needed dose of clarity when everyone else is being led by their emotions.
It’s the greatest superpower.
If you teach your child nothing, teach them detachment.
This matters This matters as I ought to keep a generous mind This matters because I should maintain a grateful attitude This matters that I treasure every single moment, whether big or small as size and significance do not correlate This matters because this matters
This matters as I strive to live a life of very few regrets, as a life of no regrets is almost impossible This matters that I live even if it kills me This matters that if it is worth it then I should die for what I believe in This matters, of course, this matters
This matters that I am human, after all, what else can I be?
gods? If only I knew how jealous of me they are This matters that I revel in purpose, because without it these matters would amount to groveling in the dark, and unless something changes, with no promise of light at the end of the tunnel This matters that I accept risks and take my chances
Scratch that, I take chances, whether there are mine or not, as fortune favors the brave, and brave men are but cowards that other cowards just do not know about This matters, why not, this matters
This matters because these matters are quite simple, and living a simple life isn’t quite far from these matters This matters that I win, whether a victory, a loss, or an experience, I win all, with just an alignment of my perspective This matters that compromise, coexistence and community are not just words I gloss over, but that in the daily living of this life they are words to I live by This matters, but wait! Why wouldn’t it? That is why this matters