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How to get rich?
- Seek wealth not money or Status - Status and money is zero-sum game but creating wealth is not zero-sum game. Wealth is having assets that make money while you sleep.
- You’ll get rich by giving society what it wants but doesn’t know yet how to get, at scale.
- All the returns in life be it wealth, relationships, knowledge (should) compounds over time.
- Don’t upgrade your lifestyle right after or frequently after increasing income.
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Discover your Specific Knowledge.
- Arm yourself with your specific knowledge, accountability and leverage.
- Specific knowledge is generally a highly technical or a creative skill.
- Your specific knowledge will help you to escape competition through authenticity.
- Earn with your mind not time.
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Value your time.
- Value your time by hourly rate, if a work costs more than your hourly rate, outsource it or don’t do it.
- Bigger the creative/non-repetitive component of a work, more the opportunity of the gap between input (efforts/time) and output (returns).
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How to learn?
- Teaching forces learning.
- If you’re memorizing advanced concepts without being able to re-derive them as needed, you’re lost.
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How to live life?
- Things to think most about: where to live, with whom to be in relationship with, what job to do.
- Retirement is when you stop sacrificing today for an imaginary future.
- Easy choices, hard life. Hard choices, easy life.
- A metric of good life or freedom: how much of the day is spent doing things out of interest rather than out of obligation.
- Wisdom is understanding the long term consequences of your actions.
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How to be lucky?
- Creating more opportunities through hard work and persistence.
- Becoming good at spotting luck like a lucky break or building a unique character/brand when luck/opportunities find you.
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How to be happy?
- Happiness is really a default state, happiness is there when you remove the sense of something missing in your life.
- More desires, less happiness if you can’t fulfil them. Choose one big desire in life at any given time to give yourself purpose and motivation.
- The more present you are, the more happy you are.
- Peace is happiness at rest, and happiness is peace in motion. You can convert them anytime you want.
- Try to eliminate as many 'shoulds' in your life, real happiness is when you do everything you want to do not should do.
- The world just reflects your own feelings back at you.
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How to get peace of mind?
- You don't want peace of mind, you want peach from mind. Remove the mind's chattering and you will get peace.
- Use meditation, exercise and music to reset your mood.
- For every annoyance, build a habit of thinking what is the positive thing about it.
- A busy mind accelerates the passage of subjective time.
- If you don’t want the 100% swap with the person, there is no point in being jealous.
- If you’re evenly split on a difficult decision, take the path more painful in the short term. Short term suffering, long time gain.
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IDEAS CURATED BY
Arghadip Chakraborty's ideas are part of this journey:
Learn more about personaldevelopment with this collection
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The benefits of slowing down and enjoying simple pleasures
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