How To Get Rich On The Path of Least Resistance

Just like water flowing in a river or electricity through a wire, your life moves down the path of least resistance. And to change that path, you must change the underlying structure of your life - your desires, beliefs, assumptions, aspirations, and how you view the world. Because it’s this structure that determines your behavior. You’ll never be rich if you don’t believe you can get there. You’ll never try to get rich unless you believe it can happen. So, here’s how to get rich on the path of least resistance.

The Problem With Compromise: You Get What You Never Wanted

Most 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.

Mental ModelsThomas WaschenfelderJune 18, 2023compromise, the problem with compromise

Enthusiasm Is Good, But Endurance Is Better

Starting 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.

The Universe Rewards Courage

To 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.

5 Personal Habits That Will Make You Richer

One 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.

To Unleash Your Potential, Take Back Your Story

The 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.

Mental ModelsThomas WaschenfelderJune 14, 2023Take back your story, positive self talk

Brand Your Name To Build Wealth

You are not a job description printed in a box. And if you want to build wealth, you have to take advantage of all the aspects of your personality - your passion, your skillset, your personal well-being, your sense of humor - and transform those into a brand that is irreplaceable.

Want To Get Rich? Get Uncomfortable

To build the life you want, you have to do things you've never done before. The habits that got you here are not going to get you where you want to go. You have to push further. And there's a simple heuristic you can use to know if you are on the right track: you'll feel uncomfortable.

The “Secret” To Success Is Consistency

The 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.

Status vs. Wealth: Why The Rich Don't Act Rich

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.

Master The Mindset Of The Wealthy. Then Build.