Most people want to be wealthy. They’ll talk about it. Yearn for it. Maybe even start down the path to try and obtain it. But far fewer need to be wealthy - carrying a compulsion with them that keeps them up at night. If you want to be rich, desire isn’t enough. Compulsion is.
Read MoreNo two humans are exactly alike. And this simple recognition can be your competitive advantage. If you can learn to follow your unique interests, talents, and skills, you can escape competition and become your own niche. You can become the best at what you do. And that will get you paid.
Read MoreThe less you have, the more risk you can take because it's all upside. This doesn’t mean you can rush it. Any “get rich quick” scheme is doomed to fail because if it were easy to build wealth quickly, everyone would do it. But it does mean that if you see a bet with good odds, you should be as aggressive as you can - get as much leverage and capital as you can into the opportunity - and shoot your shot.
Read MoreThe first little bit of money I made allowed me to quit my full-time job to go all-in on an asymmetric opportunity under my own name. I am not “financially free” forever. But, I’ve won the privilege to take on accountability and start building leverage in my industry doing something I’m very excited about. If I can get another small win, I can keep this party going. And that’s how wealth creation works. One small win opens up more doors for you to pursue the next small win.
Read MoreReading daily is a superpower and can help you build wealth over time. It compounds your knowledge, gives you mental models to test against reality, and builds a strong foundation to filter ideas. Millionaires and billionaires like Naval Ravikant, Charlie Munger, and Warren Buffett openly talk about the power of reading in wealth creation and strategies you can use to build wealth yourself.
Read MoreMy goal is to give you the tools to build wealth over time by exploring the mental models of those who have done it before you. An asymmetric opportunity could be one of the most important tools you use to get rich. An asymmetric opportunity is simply one in which the upside is much greater than the downside. I first learned of the concept from investor […]
Read MoreYou can always make more money. But you can never get back your time. Would Charlie Munger or Warren Buffett trade away their billions to be a fit, clear-minded 20-year-old again? I haven’t asked them, but I’m betting they would. If you’re young, don’t waste your time pining away for billions of dollars. You are billionaires of a different kind. You are time billionaires, and you are already rich.
Read MoreWealthy, successful people are a net positive to the world. They can help not only themselves but also contribute meaningfully to make other people’s lives better. That’s because wealth creation is a positive sum game. The total gains and losses in the “game” are greater than zero and you end up creating value for the entire system.
Read MoreI recently had the pleasure of sitting down with Josh Cadorette for an episode of his podcast, Building Out Loud. We discuss creating a personal definition of wealth, learning from mental models, and building leverage online. Enjoy!
Read MoreNassim Nicholas Taleb, in his book, The Black Swan: The Impact of the Highly Improbable (Incerto), tells us that a scalable profession is one “in which you are not paid by the hour and thus subject to the limitations of the amount of your labor.” In other words, the input of your labor is disconnected from the output. If you want to get rich, work in a scalable profession.
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