- The Competitive Advantage
- Posts
- New Mistakes Are Okay. OLD Mistakes Are Not.
New Mistakes Are Okay. OLD Mistakes Are Not.
Matt Karamazov
December 23, 2025
In partnership with
YOUTUBE đź“š THE READING LIFE đź“š PATREON
Easy setup, easy money
Making money from your content shouldn’t be complicated. With Google AdSense, it isn’t.
Automatic ad placement and optimization ensure the highest-paying, most relevant ads appear on your site. And it literally takes just seconds to set up.
That’s why WikiHow, the world’s most popular how-to site, keeps it simple with Google AdSense: “All you do is drop a little code on your website and Google AdSense immediately starts working.”
The TL;DR? You focus on creating. Google AdSense handles the rest.
Start earning the easy way with AdSense.
“Once you identify who you need to beat, you will naturally raise the standard for what you must achieve.”
The Book of the Month inside Creator Launch Academy for December is Choose Your Enemies Wisely, by Patrick Bet-David. We’re taking one nonfiction book per month, and relentlessly applying it to our businesses. Join us.
There's a line in this month's Book of the Month, Choose Your Enemies Wisely, where Patrick Bet-David says: “New mistakes are okay. Old mistakes are not."
Couldn't agree more.
Everybody is going to make mistakes - sometimes disastrous ones. And ESPECIALLY in business. Mistakes are how you LEARN, and if you're avoiding mistakes, you're avoiding learning.
Come to think of it, if you want to increase your rate of growth, increase the speed at which you make mistakes, course correct, and keep moving forward.
But getting twisted up and turned around in OLD mistakes just smacks of carelessness. In that case, you didn't bother to LEARN ANYTHING, so you're just stuck repeating the same mistakes that have held you back in the past, over and over and over again.
That is not okay.
Since the "new" focus of this community is on the APPLICATION of these ideas, how can you implement the above quote?
Well, you can start a "Failure" log, or "Mistake" long. You could start keeping track of the experiments and the different tactics and strategies you're trying, and seeing what kind of results you're getting. That's what I do.
I have a Google Doc with my current 'Experiments" all laid out, where I track what the input is (Commenting 100X Per Day on LinkedIn, for example), what I EXPECT to have happen, and then what ACTUALLY happens.
I'll decide how long to run the experiment for, what the criteria for success are - things like that. It's a worthwhile practice! You don't want to keep repeating the same mistakes over and over...because that's not good enough.
You want to learn from NEW mistakes, and you want to keep taking big swings on your way to massive results. Writing this stuff down and reviewing it before you keep trying stuff that OBVIOUSLY doesn't work is the only way to go.
If you want my personal help to add between $1-5K/month in monthly recurring revenue to your creator business, and grow your audience and authority exponentially at the same time, Creator Launch Academy is exactly where you need to be. Join here.
After achieving my (somewhat meaningless) goal of reading 1,000 books before I turned 30, I set a new (also meaningless but cool) goal of reading 10,000 books. As of today, I’ve read exactly 1,442 books, including 90 books so far this year, and if you’re interested, here’s my full Reading List.
DAYS LEFT UNTIL I ACCEPT DELIVERY: 99
*Outline 30 Medium Articles | 26 LEFT
*Publish 25 Medium Articles | 24 LEFT
*Publish 5 Reading Life Newsletters | 4 LEFT
*Publish 4 Creator Launch Academy Videos | 4 LEFT
*Publish 10 YouTube Videos | 9 LEFT
*Record 10 YouTube Videos | 8 LEFT
*Script 14 YouTube Videos | 10 LEFT
*Reorganize My YouTube Studio | INCOMPLETE
*Update My YouTube Channel | INCOMPLETE
*Update Author Promotion Page | INCOMPLETE
*Update Patreon Book Notes | 16 Notes Updated
DATE RANGE: December 22nd—31st
Woke Up: 8:00AM
Sleep Quality: 90%
Pages Read: 75 (Gotta bring this up)
Workout: Rest Day
Work Completed:
Posted 1x on Instagram
Posted 5x on Twitter
Posted 5x on Threads
Posted 3x on LinkedIn
Posted 3x on Facebook
Published 1 YouTube Video
Published The Reading Life Newsletter
Worked on Creating Sponsorship Deliverables
Worked on Current Author Campaigns
Managed Creator Launch Academy Community on Skool
Completely Organized My Workflow for Tomorrow
Forward this to a friend you think would love this post!
If you were sent this, click here to subscribe.
To read past editions, click here.
​Click here to recommend The Competitive Advantage on Twitter (X).
Today was more than decently productive, but I STILL felt like I was behind. At least I identified a few inefficiencies in my system, and I think my next hire is going to be a video editor to JUST cut out all the dead air, spaces, and bad takes from my rough YouTube footage. That alone could save me sooo much time each week. I think that’s my next key leverage point.
Things are rolling right along to Lambo Day though, and I cannot WAIT to put the deposit down on this thing. Oh man. I’ve been working insanely hard for years and YEARS, constantly learning and leveling up, and now it’s all falling into place.
But eh, I’m gonna go read for a bit before bed, and I’ll talk to you soon!
All the best,
Matt Karamazov
P.S. Whenever you're ready, here are three more ways I can help you:
Book a 1-1 strategy call with me and we’ll get you up to $5K/month in revenue by following a custom plan we’ll build together.
Become a Premium Member of The Reading Life newsletter and enjoy unlimited access to 150+ Premium Book Breakdowns, my complete notes from 1,400+ books, exclusive discounts, and more.
Join Creator Launch Academy, my private business mastermind for educational content creators who want to stand out in their niche, build multiple revenue streams, and go full-time with their creative passions.