Seek wealth, not money or status.
- Wealth is having assets that earn while you sleep.
- Money is how we transfer time and wealth.
- Status is your place in the social hierarchy.
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Pick an industry where you can play long term games with long term people.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you.
Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep.
Leverage is a force multiplier for your judgement.
Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
Become the best in the world at what you do. Keep redefining what you do until this is true.
Apply specific knowledge, with leverage, and eventually you will get what you deserve.
