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October 26 - November 20, 2023
If you have nothing in your life, but you have at least one person that loves you unconditionally, it’ll do wonders for your self-esteem. [8]
Getting rich is about knowing
what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work.
Yes, hard work matters, and you can’t skimp on it. But it has to be dire...
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Wealth is having assets that earn while you sleep.
You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom.
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
Become the best in the world at what you do. Keep redefining what you do until this is true.
When I talk about specific knowledge, I mean figure out what you were doing as a kid or teenager almost effortlessly.
Something you didn’t even consider a skill, but people around you noticed. Your mother or your best friend growing up would know.
The specific knowledge is sort of this weird combination of unique traits from your DNA, your
unique upbringing, and your response to it.
No one can compete with you on being you.
Most of life is a search for who and what needs you the most.
Specific knowledge is found much more by pursuing your innate talents,
your genuine curiosity, and your passion.
“Escape competition through authenticity.” Basically, when you’re competing with people, it’s because you’re copying them. It’s because you’re trying to do the same thing. But every human is different. Don’t copy. [78]
If you are fundamentally building and marketing something that is an extension of who you are, no one can compete with you on that.
The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The
Knowing how to be persuasive when speaking is far more important than being an expert digital marketer or click optimizer. Foundations are key. It’s much better to be at 9/10 or 10/10 on foundations than to try and get super deep into things.
You can only achieve mastery in one or two things. It’s usually things you’re obsessed about. [74]
When you find the right thing to do, when you find the right people to work with, invest deeply. Sticking with it for decades is really how you make the big returns in your relationships and in your money.
Another example is all the people you dated until you met your husband or wife. It was
wasted time in the goal sense. Not wasted in the exponential sense, not wasted in the learning sense, but definitely wasted in the goal sense.
Learn to sell, learn to build. If you can do both, you will be unstoppable.
Set a very high hourly aspirational rate for yourself and stick to it. It should seem and feel absurdly high. If it doesn’t, it’s not high enough. Whatever you picked, my advice to you would be to raise it.
You have to get out of a relative mindset. [10]
Spend more time making the big decisions. There are basically three really big decisions you make in your early life: where you live, who you’re with, and what you do.
I’m going to start a company. I’m just here temporarily. I’m an entrepreneur.”
I don’t think there is any end goal or purpose. I’m just living life as I want to. I’m literally just doing it moment to moment.
Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you’re retired.
to find the thing you know how to do
I think the best way to stay away from this constant love of money is to not upgrade your lifestyle as you make money. It’s very easy to keep upgrading your lifestyle as you make money.
The first kind of luck is blind luck
You’re just generating enough force, hustle, and energy for luck to find you.
which causes luck to find you.
Become the best at what you do. Refine what you do until this is true. Opportunity will seek you out. Luck becomes your destiny.
Your real résumé is just a catalog of all your suffering. If I ask you to describe your real life to yourself, and you look back from your deathbed at the interesting things you’ve done, it’s all going to be around the sacrifices you made, the hard things you did.
Khushbu Gupta liked this
“Clear thinker” is a better compliment than “smart.”
“Tension is who you think you should be. Relaxation is who you are.” —Buddhist saying
famously said, “You should never, ever fool anybody, and you
I love the blog Farnam Street because it really focuses on helping you be more accurate, an overall better decision-maker. Decision-making is everything. [4]
Author and trader Nassim Taleb has great mental models. Benjamin Franklin had great mental models. I basically load my head full of mental models. [4]
sperm is abundant and eggs are scarce. It’s an allocation problem.
I don’t believe I have the ability to say what is going to work. Rather, I try to eliminate what’s not going to work.
think being successful is just about not
making mistakes. It’s not about having co...
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It’s about avoiding incorrect ju...
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