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 MoreAs 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 MoreIf 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 MoreThe 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 MoreMost 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 MoreSuccessful 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 MoreJust like water flowing in a river or electricity through a wire, your life moves down the path of least resistance. And to change that path, you must change the underlying structure of your life - your desires, beliefs, assumptions, aspirations, and how you view the world. Because it’s this structure that determines your behavior. You’ll never be rich if you don’t believe you can get there. You’ll never try to get rich unless you believe it can happen. So, here’s how to get rich on the path of least resistance.
Read MoreMost people compromise on what they want. They’re not doing what they once dreamed of doing because they made a compromise somewhere along the way. But when you compromise with someone else, something strange happens: you both get what you never wanted.
Read MoreStarting is easy. Everyone who sets out to create something is enthusiastic at the beginning. But as you get deeper into the project, that enthusiasm fades. And eventually, you’re left sitting in the dark shadow of the mountain you now have to climb. Enthusiasm will fuel your beginning. But it’s endurance that will get you to the end.
Read MoreTo fully understand the most powerful forces in life, you have to experience them. Compound interest is just a buzzword until you watch it happen. Iteration is just an idea until you turn something that started out badly into your greatest work yet. It’s the same with commitment. Until you commit to something with your entire being, you won’t understand how the world moves for you. It moves to help you. Because the universe rewards courage.
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