More on this book
Kindle Notes & Highlights
The first thing was that I read business books voraciously.
The second thing was that I actually put those learnings into action. I measured
The third thing was that I was very motivated.
having all your income coming from one source (a job) is a huge risk.
A job isn’t an asset. But a business can be.
A job, no matter how well it paid, could not provide me with: Automated income Independent wealth The ability to enjoy my life passionately
there was no limit to what you could make from a business.
a business set up correctly was an asset that could be sold.
affiliate marketing, which is essentially
being a commission-only sales person for an online business.
You can’t become a high achiever if you hang out with low achievers
The benefits of hanging out with high achievers? They force you to think bigger. They raise the benchmark for what’s possible.
smooth cash flow, predictable income and the ability to do work that’s meaningful to me without being a workaholic.
money gives them freedom: from doing things they don’t really like doing. (They can now hire people to do those things, both in their businesses and their homes.) from stress, because there’s no single source dependency in their lives. (It’s okay if one income stream ceases to exist because they have others.) to take on passion projects that make no money at all.
To work less and make more, all you need to do is move the needle on one metric: Effective Hourly Rate (EHR).
Here’s how to calculate your EHR: Take the amount of revenue you make in a month and subtract your costs. What you have left is your monthly profit. (If you have a job, then your wage is your profit.) Divide your profit by the number of hours you worked in the month to get it.
Have you calculated your EHR yet? If you haven’t, now is a good time to do it. Make
karoshi means ‘death from overwork’.
An effective work day is about energy management, not time management.
shift your thinking towards doing less and
feeling totally okay ...
This highlight has been truncated due to consecutive passage length restrictions.
the best way to change your focus is to increase how ...
This highlight has been truncated due to consecutive passage length restrictions.
It’s time to shift your focus to doing the right things.
Everything you’ve got today is the sum of everything you’ve done and everyone you’ve known to this point.
My goal is to keep my computer time under 20 hours per week.
Not everything important in life can
be measured so accurately. So take advantage of the fact that time can be tracked. Track your hours, figure out where you’re spending them unnecessarily, be honest about it, and then make the adjustment.
Your email inbox is a to-do list that other people get to add to.
Turn off email alerts. (And while you’re there, turn off push notifications on your phone too.) The absence of alerts will give you an oasis of calm to perform higher value work without interruption.
Few things are so urgent they need an instant reply.
When it comes to emails, there are two main types of people: Those who consume Those who create. I encourage you to create.
Remember, the one who sends the email is the one making the money. The one who receives the email is the one spending the money.
Profit Formula template