He says the reason is that he read what the famous philosopher Naval wrote:
"How to get rich without luck."
He mentioned 8 things that changed his life, derived from what Naval wrote. Let's see what they are:🧵👇
◆ Wealth versus money:
-Seek wealth, not money.
◇Wealth is the possession of income-generating assets, meaning you will not become rich renting out your time.
◇ Busy people are often not rich because they work for others.
◇The rich is the one who makes money work for him.
◇ The worst thing is someone who uses money to buy social status.
◆ Business skills
◇ Business is not taught, so stay away from business books, courses and magazines because they do not provide real practical knowledge.
◇ Business is not a single skill that can be learned but rather accumulated experiences (qualitative experience and knowledge).
◇He described his experience as positive after leaving the corporate world and starting to build his own business.
▪︎ Job slavery
As an employee, the company controls you and has no control over your career or even your income.
Whereas if you are an entrepreneur, all the financial rewards and incentives are yours.
However, Tim Denning advises that a person should start his working life with a job and then start thinking about starting his own business (and not delay).
▪︎ Sales skills
Learn how to sell and how to build a product.
A good salesperson understands and uses moral persuasion well.
To build a unique product, it must be a product that a large segment of people need, has a long lifespan, and is scalable.
If you can build a great product and sell it, there is no stopping you.
• The fields of work are wide and numerous.
•The opportunities online are endless and unrestricted like others.
•You can write a book, post, program an article, record videos or podcast.
• Use the term “permissionless economy” to mean sectors that do not require approvals to enter and consider them an easy opportunity to enter.
◆ Study the important things
Microeconomics, Game Theory, Persuasion, Mathematics, Psychology
If I could, for example, master psychology, I would be able to predict people's actions and thoughts and build online projects based on them.
You must have a minimum of economics, this is a basic requirement.
◇ Practice compound interest
Focus on activities that have the opportunity to accumulate over time.
Relationships, knowledge and wealth all come from compound returns that grow amazingly over time.
◆ Daily Habits + Long-Term Goals = Compound Return
• Compound return = freedom / wealth
☆ Getting rich
● Upon achieving wealth, one may discover that what one initially sought was not what one really expected.
Money alone does not bring true happiness.
According to the writer, his happiness is not measured by the amount of money he has, but by the number of hours he spends each day with his little daughter.
◇ 99% of failed plans
Most failed plans and goals come from people
- Busy
- We have excuses ready.
- Tired and very busy
That is why it is important to value your time and focus away from competing for social status, but rather on personal and financial freedom.
This is the whale - the best investor on this earth
Started with $1k, made $108m
I was surprised to read his predictive tweets from 2017.
Here are his new visions: Your key to success 👇👇
