After a year of reading, writing, and applying the models of wealth creators, here are the top 20 ideas that have changed the way I think about the world.
Read More
If you are going to become wealthy, you need help. You only have so many productive hours in a single day, which puts a cap on your productivity. What you need is a way to compound your efforts. You can do this with leverage. There are four different kinds of leverage: capital, labor, code, and media. Here’s why media is the most useful to you.
Read More
“Seven Cures for a Lean Purse” from The Richest Man In Babylon overviews the basic financial principles of getting rich. Author George Samuel Clason delivers these through the wealthy and wise character of Arkad, who lives in the ancient city of Babylon 4,000 years ago. Not only are these principles still relevant, but they are also easy to understand and apply.
Read More
Yes, you should work hard. But, what you choose to work on and the quality of your decisions matters far more to your success and wealth than hard work. It’s better to be patient and calculated as you wait for the right opportunity to come along than it is to work yourself to the bone on the wrong thing.
Read More
Think of your favorite brand or business. Whether it’s Apple, Nike, Peloton, Shopify, Twitter, or McDonald’s, the company has a moat around the business that protects it from the competition. And it’s this moat that keeps the business thriving and growing.
Read More
As a kid, whenever the topic of money came up in our household, my dad would repeat the phrase, “Money isn’t everything, but it sure beats whatever’s in second place.” I would then point out that if money beats whatever’s in second place, it would become second on the list. If the quote is supposed to be ironic, as I thought it was […]
Read More
If you woke up tomorrow morning and suddenly had everything you wanted, you’d be disappointed. This is because process matters far more than the outcome. If you don’t enjoy the process, or at least believe in it, you will never, ever be satisfied with the result.
Read More
The most important knowledge can’t be taught. It can only be learned by pursuing the things you’re curious about. Naval Ravikant calls this kind of knowledge specific knowledge - the knowledge that can’t be trained for. And this is the kind of knowledge that can make you rich.
Read More
Most games aren’t worth playing. They are either status games, where you have to take someone else’s position in a zero-sum game. Or, if it is a wealth creation game, the upside is usually capped in some way and not worth the effort. If you are going to get rich, you need to make sure the game you’re playing has a payout worth the effort.
Read More
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 More