My opinion about myself is the only one that should have power over me: If you blame someone, you give them all the power.
<aside>
⌛
TIME IS SCARCE
Continually reinvesting in off time leads to high growth over a long time (years)
THINKING ABOUT IT DOES NOTHING
<aside>
⚪
There is no problem-free life. (problem solution circle.)
Have better problems
</aside>
If anything ever goes wrong → IT’S OK
Think about how you best work:
Intrinsically motivated people work better alone.
Extrinsically motivated people excel when they can show off to others.
Key Principles
- Harness insecurity: Doing things you are not sure you can do yet.
- Who can you out-sacrifice
- To forgive is to understand: Anger is ignorance
- If you zoom out, you can't see the earth.
- Things that matter today will not matter in 500 million years (legacy isn’`t real)
- Change your mind; the universe will not change for you.
- We don't deserve anything: our suffering is just unmet expectations.
- Water rising mentality: It's always going to get more complicated.
- Money can’t buy happiness, but poverty can’t believe anything.
- Don't orient yourself around other people: some provide value to your life, and others do not.
- Comparison is not the thief's joy but instead relative judgment. (Think,” I can get there!”)
- Document your loses: Think about how many people have gone through what you've gone through (So what — now, what mentality)
- if everyone was wired like you the world would be boring (bullshitting makes you a bullshitter)
- Failing doesn't make you a failure.
- It is not am information overload; it is implementation underload.
Meaning = circumstance you need to define
There is finite opportunity.
<aside>
💰
To stop spending money
- Imagine spending it 10x time (SMP 500 rate)
- How much time does it cost you per asset?
- Minimize expenses; invest saved money in yourself:
- Constantly drain account to invest in self to be held accountable.
- Business is cyclical; every good time is followed by a not-so-good time.
- Take money out during good times to invest in yourself.
</aside>
Money tips
- Network → Who you can call at 3 a.m.
- Stop drinking
- Learn high-income skill
- Do things to understand the rich mentality
- no credit card debt
- Monthly budget
- Invest every week into stocks and a Roth IRA.
- Invest in self-education
- Look at the ROI of the “small investment.”
- increase % of investment (early 20’s → 70% of profits)
Circular logic of wealth: get money → To get freedom → Give freedom → Money.
Never risk the empire for a pot of gold: Make your wealth, then diversify.
Check the bank account in the morning and log it. (gamify)