X (formerly Twitter) is digital leverage to scale your personality - your thoughts, ideas, skills, and beliefs - for free to anyone with an internet connection. It’s a simple, free way to start “productizing” yourself in preparation to make a living doing what you love.
Read MoreFear destroys your endeavors far more effectively than anything else. Fear of failure, fear of embarrassment, fear of the unknown - all of these stops you before you even begin. Here are a few ideas on how to conquer fear from those who have done it before you.
Read MoreSimple and obvious rules of thumb are powerful. Do they always work? Of course not, but they work most of the time in most situations. Nassim Nicholas Taleb writes in his book, Antifragile: Things That Gain from Disorder, about this “Less is more” idea. Simple ideas are not perfect, but they are not meant to be. They are “fast and frugal,” designed to “make good decisions despite limited time, knowledge, and computing power.”
Read MoreMost people think that effort and success are always directly linked - the more effort you put in, the more success you get out. But success is actually nonlinear. This misunderstanding is why the mass majority of people give up before they reach the rewards.
Read MoreHere’s a list of 22 wealth creators and their philosophies. A disclaimer first, though. Don’t take this as the whole truth. Each person has more than a single idea that makes up their point of view on wealth creation. I’ve pulled out a few core ideas that I find most interesting. So in a way, they are subjective, while still being incredibly useful. Enjoy.
Read MoreThere are two reasons why someone may never create anything of their own: 1) They never begin because they don’t feel “ready.” 2) They never finish because the thing they are making is never “done.” You can solve the first problem by accepting that you will never, ever finish learning, and therefore a state of complete “readiness” does not exist. And you can solve the second problem with “Satisficing” - delivering the minimum viable version of the thing you’re creating.
Read MoreStress is not always bad for the organism experiencing it. Trees, for example, get stronger when the wind blows them around. They grow a special kind of stress wood in their load-bearing trunk that can help move and position them for optimal light. The wind stressor helps them reach full maturity. When stress makes an organism more robust, it’s called hormesis.
Read MoreWe all have a little voice of discouragement in our heads. The one that tells us that our pursuit is so unlikely to succeed, we shouldn’t even bother. And that voice is right… sort of. That little voice is only looking at the odds of success - which are long. But it’s not considering the asymmetric outcomes that allow you to win despite bad odds.
Read MoreEach wealth creator I study has a different phrase for what amounts to the same idea: finding opportunities where the upside is much greater than the downside. Naval Ravikant calls these Asymmetric Opportunities while Nassim Nicholas Taleb uses the phrase Fundamental Asymmetry. Charlie Munger names it value investing. And investor Mohnish Pabrai simply calls it Dhandho.
Read MoreWealth creation is about looking for positive asymmetric opportunities - ones where the upside is many times greater than the downside. The Barbell Strategy is one way you can protect your downside risk while maximizing your upside potential.
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