Those who signal their “wealth” are rarely wealthy. This is because they are playing a different game than wealth accumulation. They are playing status games - which are exhausting and expensive. Meanwhile, true wealth accumulators avoid status games and buy productive assets instead. Play wealth accumulation games, not status games.
Read MoreWhen you work on the right thing, it doesn’t feel like work. As Naval Ravikant says: “Building specific knowledge will feel like play to you but will look like work to others.” I get this feeling most often with writing. It doesn’t feel like work, but it looks like work to other people. And that’s the secret.
The pursuit of wealth is not the pursuit of material goods. You don’t need sports cars, luxury clothes, yachts, or a $10,000 watch (though they could be fun, for a while). The lasting result of real wealth boils down to this: freedom of your time. It’s the freedom to live your life on your own schedule and your own agenda, pursuing passions and creative pursuits that light you up. The pursuit of wealth is the pursuit of freedom, nothing more.
Read MoreTime is your most important asset. It can’t be replenished, it can’t be stored for use later, and once it’s gone… it’s gone for good. That’s why you have to learn to say NO. If you don’t, other people’s priorities will become yours. And you’ll constantly wonder why you don’t have enough time or energy to build something for yourself.
Read MoreMost people jump from one project to the next - chasing one shiny object after another but never finishing anything. This is a bad idea because you want to compound the same set of skills for decades to become the best at what you do. But at the same time, you also want to expose yourself to the very real upside in other industries. How can you do both? Visual designer and entrepreneur, Jack Butcher, has a tweet that articulates the solution perfectly: “Build where you're best, bet where you aren't.”
Read MoreAll of life’s great returns come from compound interest. Whether you are compounding money, relationships, or skills, time is your greatest force multiplier. And that means you want to play the long game. You want to delay gratification now so you can get more later. Successful businesses, investors, wealth creators, athletes, and entrepreneurs all play the long game to maximize returns. Here’s how they do it…
Read MoreTo become financially free, you need to spend your time making things that work for you after you’re finished working on them. These are systems, assets, media, and code that keep chugging along with uncapped upside when you’re finished with them. Only exchange as much time for money as you need to survive. Otherwise, work on stuff that works for you.
Read MoreMost people will never be rich. And according to the late Felix Dennis, there’s only a handful of reasons why. For those of you who are on this journey, it’s helpful to practice inversion - to look at how you might fail so that you can avoid those pitfalls. Knowing how not to get rich helps you get there in the long run. Let’s invert wealth creation to see why most people will never be rich.
Read MoreCuriosity leads to obsession, which leads to mastery. And only through mastery do you become the best in the world at what you do - and get paid well for it. But, it all begins with your genuine curiosities. If you want to get rich, the first thing you need to do is get your curiosity back.
Read MoreWealth creation is the process of making good bets over time. These could be what stocks you buy, what creative projects you work on, or what business you start. Three considerations go into making good bets: Positioning, Timing, and Patience. You only need to get rich once. And one good bet can do it.
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