Highlights
- 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.
- Making money is not a thing you do—it’s a skill you learn
- If you don’t know yet what you should work on, the most important thing is to figure it out. You should not grind at a lot of hard work until you figure out what you should be work ing on.
- The specific knowledge is sort of this weird combination of unique traits from your DNA, your unique upbringing, and your response to it. It’s almost baked into your personality and your identity. Then you can hone it.
- No one can compete with you on being you. Most of life is a search for who and what needs you the mos
- Society, business, & money are downstream of technology, which is itself downstream of science. Science applied is the engine of humanity.
- Specific knowledge is found much more by pursuing your innate talents, your genuine curiosity, and your passion. It’s not by going to school for whatever is the hottest job; it’s not by going into whatever field investors say is the hottest.
- If you’re not 100 percent into it, somebody else who is 100 percent into it will outperform you.
- The internet enables any niche interest, as long as you’re the best person at it to scale out. And the great news is because every human is different, everyone is the best at something— being themselves.
- “Escape competition through authenticity.”
- The best jobs are neither decreed nor degreed. They are creative expressions of continuous learners in free markets.
- The most important skill for getting rich is becoming a perpetual learner.
- It’s much more important today to be able to become an expert in a brand-new field in nine to twelve months than to have studied the “right” thing a long time ago. You really care about having studied the foundations, so you’re not scared of any book. If you go to the library and there’s a book you cannot understand, you have to dig down and say, “What is the foundation required for me to learn this?” Foundations are super important.
- This is also true when you’re working with individual people. If you’ve worked with somebody for five or ten years and you still enjoy working with them, obviously you trust them, and the little foibles are gone. All the normal negotiations in business relationships can work very simply because you trust each other—you know it will work out.
- Intentions don’t matter. Actions do. That’s why being ethical is hard.
- 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. So, compound interest is very important.
- when it comes to the goal oriented life, only about 1 percent of the efforts you made paid off.
- You want to own equity. If you don’t own equity in a business, your odds of making money are very slim.
- Following your genuine intellectual curiosity is a better foundation for a career than following whatever is making money right now.
- Knowledge only you know or only a small set of people knows is going to come out of your passions and your hobbies,
- If you have hobbies around your intellectual curiosity, you’re more likely to develop these passions.
- If it entertains you now but will bore you someday, it’s a distraction. Keep looking.
- The year I generated the most wealth for myself was actually the year I worked the least hard and cared the least about the future. I was mostly doing things for the sheer fun of it.
- The less you want something, the less you’re thinking about it, the less you’re obsessing over it, the more you’re going to do it in a natural way.
- Follow your intellectual curiosity more than whatever is “hot” right now. If your curiosity ever leads you to a place where society eventually wants to go, you’ll get paid extremely well.
- You want to know how to do something other people don’t know how to do at the time period when those skills are in demand.
- Think about what product or service society wants but does not yet know how to get.
- You build your brand in the meantime on Twitter, on YouTube, and by giving away free work. You make a name for yourself, and you take some risk in the process. When it is time to move
- on the opportunity, you can do so with leverage—the maxi mum leverage possible.
- Whenever you can in life, optimize for independence rather than pay.
- Forty hour work weeks are a relic of the Industrial Age. Knowledge workers function like athletes—train and sprint, then rest and reassess.
- If you want to be part of a great tech company, then you need to be able to SELL or BUILD. If you don’t do either, learn.
- Learn to sell, learn to build. If you can do both, you will be unstoppable.
- Earn with your mind, not your time.
- Judgment—especially demonstrated judgment, with high accountability and a clear track record—is critical.
- waste our time with short-term thinking and busywork. Warren Buffett spends a year deciding and a day acting. That act lasts decades.
- It’s more about consistently creating wealth by creating businesses, creating opportunities, and creating investments.
- Value your time at an hourly rate, and ruthlessly spend to save time at that rate. You will never be worth more than you think you’re worth.
- No one is going to value you more than you value yourself. You just have to set a very high personal hourly rate and you have to stick to it.
- Always factor your time into every decision.