What's the main issue with taking advice from billionaires or extremely successful people?
The main issue is that people give advice based on what worked for them, and this advice is not necessarily tailored or helpful to your unique situation. They often package their story in a way that negates or minimizes the factors of timing, resources, and luck that contributed to their success. For example, a client trying to get a mortgage can't follow the tax advice of someone who leverages hundreds of millions in assets for financing; the client needs to leverage income and must pay taxes.

How should I think about the "Follow Your Passion" advice?
The article we discuss suggests that "follow your passion" is a luxury of the rich and is usually the output of being great at something, not the input. We believe most people would be better off focusing on becoming skilled and valuable in areas where the market has demand, as passion tends to follow competence, not the other way around. If your passion is not moving units or doesn't have a market utility, it will just become a source of stress, not freedom.

When is it a bad idea to listen to my family or friends?
Listening to family and friends can be a double-edged sword, as they can give you false hope or false fears. They are speaking from their own cultural lens and personal frame of experience, not necessarily as expert advisors. Sometimes, the people who love you the most will give you the worst advice because they speak only from their own limited perspective, which can kill your big dreams.

How do I properly screen and analyze the career advice I receive?
You need to be able to dissect and take the meat of what people are saying and take your feelings and emotions out of it. The core rule is that advice should not be used as research; you must do your own research first. You must build the foundational frame of your plan, and the advice you receive should only be add-on pieces to that frame, not the road map itself.

What is the most important type of advice to look for?
The most important advice is foundational or structural advice. This focuses on making sure you have the basics, checking all the necessary boxes, having processes in place, and building a proper foundation. If you meet the right timing with a solid foundation, you will be successful because your underlying structure is sound.

Watch the full episode at https://youtu.be/w2GzunYnRnI,
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