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Seek Wealth Not Status, build your own luck

Seek Wealth Not Status, build your own luck

nav.al

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Seek Wealth Not Money or Status

Wealth is assets that earn while you sleep.

It’s the factory of robots cranking out things. Wealth is the computer program running at night that’s serving other customers. Wealth is money in the bank that is reinvested into other assets and businesses.

A house can be a form o...

There are fundamentally two huge games in life that people play. One is the money game.

Money is not going to solve all of your problems, but it’s going to solve all of your money problems.

Many people believe they can’t make it; so they don’t want any wealth creation to happen. They ...

Status is a very old game and a zero-sum game.

We’ve been playing it since monkey tribes. It’s hierarchical. Who’s number one? Who’s number two? Who’s number three? And for number three to move to number two, number two has to move out of that slot. So, status is a zero-sum game.

Politics is an example of a status game.

They play ...

Make Abundance for the World

Wealth isn’t about taking something from somebody else

Ethical wealth creation makes abundance for the world.

Most of the wealth in civilization, in fact, all of it, has been created. It got created from somewhere. It got created from people. It got created from technology. It got cre...

 We can see that by seeing, that in the First World, everyone is basically richer than almost anyone who was alive 200 years ago.

The engine of technology is the science that is applied for the purpose of creating abundance. So, I think fundamentally everybody can be wealthy.

Imagine ...

Free Markets Are Intrinsic to Humans

Capitalism is not something we invented. It is in us in every exchange that we have.

When you and I exchange information, I want some information back from you. I give you the information. You give me information. If we weren’t having a good information exchange, you’d go talk to somebody ...

There are countries, groups, political parties that overtly despise wealth. In the process to destroy wealth creation, they drag everybody down to their level.

Groups that despise it will essentially bring the entire group to that level. If you get too many takers and not enough makers, soc...

There are 4 kinds of luck

  1. Blind Luck: It's where you just got lucky because something completely out of my control happened. That’s fortune, that’s fate.
  2. Luck from Hustling: When you’re running around creating lots of opportunities, you’re generating a lot of energy, enough energy that luck will find you.

This is where you build a unique character, a unique brand, a unique mindset, where then luck finds you.

Let’s say that you’re the best person in the world at deep-sea underwater diving. You’re known to take on deep-sea underwater dives that nobody else will even attempt to dare.

By s...

Wealth stacks up one chip at a time, not all at once

It stacks up a little bit, chips at a time. More options, more businesses, more investments, more things that you can do.

It’s not like your one piece of work is going to suddenly shower you with riches overnight. It’s going to be a long lifetime of learning, of reading, of creating that’s ...

Build your character so opportunity finds you.

One of the things I think that is important to making money when you want is the kind of reputation that makes people do deals through you.

If you’re a trusted, reliable, high-integrity, long-term thinking deal maker, then when other people want to do deals but they don’t know how to do the...

In almost any salaried job, even at one that’s paying a lot per hour like a lawyer, or a doctor, you’re still putting in the hours, and every hour you get paid.

What that means is when you’re sleeping, you’re not earning. When you’re retired, you’re not earning. When you’re on vacation, you...

Gain equity and find a career where your inputs don't match your outputs.

Everybody who really makes money owns a piece of a product, or a business, or some IP. That can be through stock options, working at a tech company. But real wealth is created by starting your own companies, or by even investors.

One great engineer can for eg create bitcoin, and create bill...

Live Below Your Means for Freedom

People who are living far below their means enjoy a freedom that people busy upgrading their lifestyles just can’t fathom.

Once you make a little bit of money, you still want to be living like your old self, so that just the worry goes away. So, don’t run out to upgrade that house, and life...

NASSIM TALEB

The most dangerous things are heroin and a monthly salary.

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