Youโre not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
39
500 reads
The idea is part of this collection:
Learn more about personaldevelopment with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Related collections
Similar ideas to NAVAL
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
Youโre not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
If you donโt own a piece of a business, you donโt have a path towards financial freedom.
Itโs ownership versus wage work. If you are paid for renting out your time, even lawyers and doctors, you can make some money, but youโre not going to make the money that gives you financial freedom. Y...
Being rich is about freedom, about independence and about being on your own. If you are filthy rich but still have to do things you hate doing, then thatโs not real wealth. You are not poor if you donโt own a BMW and your neighbour does. But you are poor if you are not having the freedom to do wh...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
โ
100+ Learning Journeys
โ
Access to 200,000+ ideas
โ
Access to the mobile app
โ
Unlimited idea saving
โ
โ
Unlimited history
โ
โ
Unlimited listening to ideas
โ
โ
Downloading & offline access
โ
โ
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates