How To Get Rich - Deepstash

How To Get Rich

The important piece of advice in the thread is You’re not going to get rich renting out your time. You must own equity – a piece of a business – to gain your financial freedom.

You can own other businesses (private or public stock) or you can create your own business, but either way, you need to own equity to become wealthy. E.g: Tim Ferriss created his own podcast and books and turned himself into a brand, and as a result, Tim is set for life. 

A lot of the greatest inventors of our time just sit around reading and thinking just to make a few decisions a year

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Ignore Status Games, Own Equity

Ignore Status Games, Own Equity

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

Build or Buy Equity in a Business

If you don’t own a piece of a business, you don’t have a path towards financial freedom.

It’s ownership versus wage work. If you are paid for renting out your time, even lawyers and doctors, you can make some money, but you’re not going to make the money that gives you financial freedom. Y...

Investing in Stocks

  • It means investing in common stock, which is another way to describe business ownership or business equity.
  • When you own equity (the value of the shares issued by a company) in a business, you are entitled to a share of the profit or losses generated by that company's operatin...

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