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.
Read MoreThe 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.
Read MoreWarren Buffett learned five important lessons about business before he ever made his first deal - lessons that can help you navigate your own future. If you’re wondering what gave Warren Buffett his edge, these key insights might provide some answers.
Read MoreSteve Jobs has some advice for you. The late Jobs is the mind behind the iPhone, a device that has changed how we interact with information and each other. And his genius can be mapped to an observation he has about the world we live in. Let’s break down his greatest insight.
Read MoreWealth creation is about capturing leverage. These are tools like code, media, capital, and labor that magnify the impact of your decisions. Naval Ravikant insists that if you are picking a business model, pick one with as much free leverage as possible. And two ways to capture leverage are through economies of scale and network effects.
Read MoreYou know yourself better than anyone else. What you know about your talents, habits, likes and dislikes, worldview, and motivations is information no one else has. This asymmetric information gives you an advantage over the rest of the world… if you can only find the right realm to use it in.
Read MoreThe small things that you do consistently matter more than the large things you do sporadically. This is because consistency allows you to capture the awesome power of compounding - where small gains compound on each other to create massive change over time. From the history of the inorganic universe to the last 20,000 of human history, the power of small, incremental constant progress can be felt everywhere. And it’s the secret to your success.
Read MoreFear is the greatest enemy of wealth creation. If you are not naturally courageous, you have to work much harder to constantly push outside your comfort zone. And the paradox of fear is that the more stuff you do that scares you, the less scared you are.
Read MoreIn life, we rarely talk about the “losers.” Newspapers don’t report on what didn’t happen, finance gurus on Twitter don’t talk about the times they failed, and no one writes deep analysis on all the companies that quickly went bankrupt. This is because of survivorship bias. We focus on what we can see (the winners), and ignore what we can’t see (the losers). And it seriously distorts our ability to calculate the odds of something happening.
Read MoreChange isn't the exception in life, it’s the rule. And those who can learn fast, pivot quickly and position themselves to gain from rapidly changing circumstances eventually win. If you want to quit the “rat race” and become independently wealthy, you must adapt to change.
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