Successful people have a bias towards action. This is because action provides feedback. But at the same time, successful people are also absurdly patient. They wait for years - decades even - to watch their planted seeds grow into trees. They’re patient, but they move quickly.
Read MoreMost people compromise on what they want. They’re not doing what they once dreamed of doing because they made a compromise somewhere along the way. But when you compromise with someone else, something strange happens: you both get what you never wanted.
Read MoreStarting is easy. Everyone who sets out to create something is enthusiastic at the beginning. But as you get deeper into the project, that enthusiasm fades. And eventually, you’re left sitting in the dark shadow of the mountain you now have to climb. Enthusiasm will fuel your beginning. But it’s endurance that will get you to the end.
Read MoreTo fully understand the most powerful forces in life, you have to experience them. Compound interest is just a buzzword until you watch it happen. Iteration is just an idea until you turn something that started out badly into your greatest work yet. It’s the same with commitment. Until you commit to something with your entire being, you won’t understand how the world moves for you. It moves to help you. Because the universe rewards courage.
Read MoreOne aspect of wealth creation often overlooked is that the longer you live, the richer you’ll be. This is because of compound interest, where the greatest gains come at the end of the compounding period. That’s why it’s important to make your physical and mental health a priority. The longer you can stay sharp and productive, the richer you’ll be.
Read MoreThe only thing that’s holding you back from building the life you want is the story you tell yourself. Our minds are runaway story generators, and most of these stories are self-limiting. The stories you tell yourself create your reality. If you are telling yourself a self-limiting story, you are limiting what your life can look like. You have to take them back.
Read MoreThe difference between success and failure is consistency. Because consistency is what leads to compounding: slow, incremental, constant progress. And with compounding, small gains compound on each other to create massive change over time. This is what Charlie Munger and Warren Buffett used to build their fortunes. It’s what professional athletes and artists use to become elite. It’s what you can use to achieve anything you want.
Read MoreWarren Buffett learned five important lessons about business before he ever made his first deal - lessons that can help you navigate your own future. If you’re wondering what gave Warren Buffett his edge, these key insights might provide some answers.
Read MoreSteve Jobs has some advice for you. The late Jobs is the mind behind the iPhone, a device that has changed how we interact with information and each other. And his genius can be mapped to an observation he has about the world we live in. Let’s break down his greatest insight.
Read MoreWealth creation is about capturing leverage. These are tools like code, media, capital, and labor that magnify the impact of your decisions. Naval Ravikant insists that if you are picking a business model, pick one with as much free leverage as possible. And two ways to capture leverage are through economies of scale and network effects.
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