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 MoreChange isn't the exception in life, it’s the rule. And those who can learn fast, pivot quickly and position themselves to gain from rapidly changing circumstances eventually win. If you want to quit the “rat race” and become independently wealthy, you must adapt to change.
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 MoreDistraction is the enemy of wealth creation. Alongside the fear of failure, it’s the greatest obstacle you need to overcome to “win the game.” The price of freedom is control of your attention.
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 MoreLoss aversion bias is the natural tendency to suffer more from a loss than you enjoy from a proportionate gain. This is a feature of the human mind, not a bug and it’s designed to keep you alive. It also has important consequences when you navigate the world - ones that can work for you if you know what you’re doing and against you if you don’t.
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 MoreAt the beginning of 2021, I moved willingly into the dark. I quit my full-time job to write a movie with my wife. I knew that if I didn’t do this, I would regret it for the rest of my life. And minimizing regret turns out to be a very strong incentive for change. Some of the greatest entrepreneurs of all time use it to guide their decisions.
Read MoreIf you think you’re too “happy” to change the world, you’re wrong. My wife and I talk about this all the time. We wonder if we’re too “happy” and “balanced” to be artists who create work that can affect millions. While great work can definitely come from dark places, happy people are more productive. Here’s why…
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