How To Get Rich

Unless you win the lottery, nobody will hand you $1 million.

You have to own your life:

• Know what you want

• Understand what it takes

• Do the work. Day in. Day out

Wealthy people never stop learning:

• Books

• Coaches

• Online courses

• Business teachers

They spend money to make money.

An average person focuses on the $10,000 cost,

A wealthy person focuses on the $100,000 they will make from it.

People focus on in-demand skills.

Instead, focus on Rare Skills.

Rare skills combine multiple skill-sets into a super-power,

such as an accountant who:

• Understands leadership

• Is a public speaker

• Is a strong writer

Nothing matters more than this.

When you've never achieved hard things, everything seems scary.

When you've done an Ironman or an Ultramarathon, everything seems easy.

• Start small.
• Take the first step.
• Do hard things regularly.

You have a white-collar job,

and you need a blue-collar work ethic.

Whether it's your business, or a 9-5, hard work gets you the reward:

• Work on the right thing

• Be smart about it

• Outwork others

You become wealthy by learning from wealthy people.

Get in the right rooms.

You will become wealthy when your friends are focused on becoming wealthy.

You are who you surround yourself with.

Build the right circle.

You don't become wealthy by trying to look wealthy.

That's a path to the poor house.

Get your money working for you.

Spend less than you're making and invest:

• as soon as you can

• as much as you can

• as consistently as you can

90% of millionaires get there through real estate—the simplest path for all of us.

We don't need to be smart enough to be an entrepreneur or launch a startup.

Buy the right assets in the right locations.

When your horizon is long enough you'll always win.

Financial twitter tells you debt is terrible.

They're right, to an extent, but not all debt is created equal.

Bad debt:

• Credit cards

• consumer loans

Good debt:

• mortgages on real estate

• loans to start a profitable business

Taking a contrarian view isn't enough,

You need to take action on those views.

The single greatest driver of your financial success will be the actions you take. Day in. Day out.

• You're convicted

• You are taking action

Now, you need to go deep.

The average person diversifies, great.

You've already decided you don't want to be average.

Once you know your path to becoming a millionaire, you need to go deep.

Once you press go,

do not stop.

Smart choices + consistency + time = exponential results.

Get the flywheel turning and then keep it turning ever forward.

If you don't start with money and want to be a millionaire:

• Spend less than you make

• Take alternative views

• Focus on rare skills

• Outwork the room

• Invest in yourself

• The right room

• Buy real estate

• Own your shit

• Be convicted

• Use leverage

• Be consistent