How To Process Advice

Today I have an extremely important topic that I wish I understood when I started my journey online.

It cost me tons of money to not understand this early on.

So I think it will help you save a ton of time, money and frustration.

And this is…

Learning how to process advice.

What I mean by “processing advice” is to be able to asses which advice is relevant specifically for your circumstances and the specific stage of the journey you are in.

Be able to asses which advice you should execute, and which one you should avoid at all cost.

Even if the advice in general, is considered valuable.

You see, every day we see people in the Metaverse and in the real world giving us different advice.

Person A: Do this.
Person B: Do that.
Person C: Everyone’s wrong, do this instead.

These 3 people might be in extremely different positions themselves.

Person A might have a $10,000 net worth with little freedom.
Person B might have a $100,000 net worth with above average freedom.
Person C might have a $10,000,000 net worth and lives off passive income.

The position in which the person you’re learning from is extremely important when assessing whether or not the advice is valuable to you.

Taking in and executing the advice from the 3 different people at the same time, that are all in different positions in life, can be extremely frustrating and can lead to overwhelm, specially if you’re starting out and you’re just going through the steep learning curve.

Or even worse, it may lead to executing advice that is simply not relevant for where you’re currently at right now, which will make your process of achieving success much longer.

A lot of these advice may be valuable and correct.

But it may not be very valuable for what you truly need right now.

For example:

If you’re a beginner…

You have $500 in your bank account…

You don’t know about marketing or sales…

And you want to quit your job to live life on your terms and travel the world…

Then the advice of investing your last $500 in an index fund like the S&P500 to make 10% return per year, is simply not good advice for YOU specifically.

Those $50/year in returns will have zero impact in your life, and you will still be stuck in the 9-5 job you hate 1 year from now.

Good advice for you current stage would be to invest those $500 into education that teaches you SKILLS that allow you to increase your income to $10,000/month, then invest the $10,000/month into paid ads, to THEN be able to invest in the S&P500 and other assets when you have more money.

Nonetheless, the SAME advice of investing in the S&P500 might be great advice for a busy doctor, that has $200k sitting in a bank account, is debt free and just wants to get a better return than in the bank.

In general, the advice is universally considered valuable.

But depending on your circumstances, it can become bad advice, and you should avoid executing it at all costs, due to your specific stage of the process.

The people giving the advice often don’t talk to 1 specific person when giving advice, they just give it out in a broad way.

This is not bad, and not done with the intention of getting people confused, because they are simply sharing what worked for them, but it may be bad for the receiver that’s interpreting the advice, if they are not able to asses if it applies to them or not.

This is why you need to be very careful when you consume information online.

And you need to be able to analyze where you’re currently standing in your life and business journey, what you truly need to focus on to get results.

Sometimes I tell members of my Mastermind…

“Don’t do what I’m currently doing.”

But why?

Shouldn’t I be practicing what I preach?

Of course.

But there are things that I currently do, that are valuable for me, based on my current stage in life, but not valuable things to focus on if you’re just starting out.

For example:

I recently disabled my Instagram account to focus on some other moves I’m doing more behind the scenes.

I did it due to opportunity vs. cost.

The money I could generate by posting on Instagram right now, simply doesn’t justify me losing focus with the other things I’m doing.

Losing focus = great cost.

So I decide to put my focus and attention on the area that I know will give me a bigger result.

Nonetheless, I would not recommend people that are starting out to disabled their Instagram.

When you’re starting out, you want to be extremely present, post as much as possible and focus on closing sales via chat/call day in and day out.

You want to stack as much cash as possible and reinvest on ads to increase your cash flow.

So I try to be as transparent and direct when I give advice, and try to add context of WHEN I think this advice is valuable and when it’s not.

To wrap up, the next time you get advice from someone, don’t just blindly follow it.

1. Stop.

2. Asses if it applies to your current circumstances.

3. THEN act.

Talk soon,

- Sebastian