You want to be rich and anonymous not poor and famous
If you want to be rich and famous, try being rich first. Naval Ravikant, Joe Rogan Experience #1309, 17mins Continue reading You want to be rich and anonymous not poor and famous
Tag: Being Rich
When unhappy, look for the underlying unfulfilled desire
Desire is a contract you make with yourself to be unhappy until you get that thing you desired. It’s okay to have desires. But don’t pick too many. Pick ONE desire that you can suffer for, but for all the others, you want to let go so you can be calm and peaceful and relaxed. Naval Ravikant, Joe Rogan Experience #1309, 17mins Continue reading When unhappy, look for the underlying unfulfilled desire
You don’t know what good money is
Maybe right now, that’s 1 million dollar, but once there, you’ll realize that this is not good money… Why think about how much you make an hour? How much money you make an hour is irrelevant. Wouldn’t you rather make just huge amounts of money and maybe no hours at all, work one hour a year? So don’t think about it in terms of an hour or even money, really. It’s lifestyle. It’s what kind of lifestyle do you want, back up, and what’s it going to take to fund that? Sam Fishbine, Gary Halbert: XXX, p.44 Continue reading You don’t know what good money is
How to think about spending money
What’s the point of working hard? It’s to make someone, like your wife, proud and happy. Just don’t be cheap on the things that actually matters. Dude you’re never gonna go out of the country again with your family. It’s the one thing that they will never stop talking about. The whole point of working hard is to spend my money on stuff that will make my family happy and that they will talk about forever. -Sam Parr, MFM #201 Continue reading How to think about spending money
Sample your lifestyle
Whether you think you want a fancy car, a chef or a gigantic house, you think that because you’ve never experienced it. Maybe you want a ferrari, then you buy one to realize that driving a 400k car is too stressful and the enjoyment you get out of it is nothing compared to the worrying it causes you. That’s why, before making any purchase, go out and test it. Usually the result is that you want that thing 10x more or 10x less You want a chef? Well hire one for a dinner with friends. Experience what it’s like to … Continue reading Sample your lifestyle
Set your hourly rate at a 1000$ an hour
You can’t penny pinch your way to wealth You can spend your life however you want. But if you want to get rich, it has to be your top priority. It has to come before anything else, which means you can’t penny-pinch. This is what people don’t understand. My aspirational rate was $5,000/hr Fast-forward to your wealthy self and pick an intermediate hourly rate. Before I had any real money and you could hire me, I set an aspirational rate of $5,000 an hour. Of course, I still ended up doing stupid things like arguing with the electrician or returning … Continue reading Set your hourly rate at a 1000$ an hour
Being poor is not having too little, it is wanting more.
Satisfaction = Liking – Wanting If your wants outpace your likes, you’ll always be unsatisfied. -Atomic Habits, p.263 Continue reading Being poor is not having too little, it is wanting more.
The loudest in the room is always the weakest.
Don’t be the flashy type, the one that gets the attention on him. Be quiet and observe. -Denzel washington in American Gangster Continue reading The loudest in the room is always the weakest.
Never loan money to friends.
If you loan money to a friend, you will lose your friend as well as your money. Give them whatever you feel like giving. Then forget it. Ditto with relatives. If you diligently follow this one piece of advice, you will be saved a sackful of misery. Trust me. Broadcast your policy loudly. This will spare you from many embarassing demands that will otherwise vex you. -How to get rich, p.276 Continue reading Never loan money to friends.
As soon as you’ve spent it, gifted it, loaned it or invested it, forget it.
More angst and worry comes into the worldfrom concern over past investments, loans and gifts than can be imagined. It’s gone. Forget it. If any of reutrns to you, fine. But that should not be your primary concern, unless you invested for safety’s sake. Do not waste time playing the “blame game” over investments, loans or outright gifts, however large. The blame, if there is any, is yours. -How to get rich, p.276 Continue reading As soon as you’ve spent it, gifted it, loaned it or invested it, forget it.
Roadmap to Billions 