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Apply specific knowledge with leverage, and eventually you will get what you deserve.
There are no get rich quick schemes. That's just someone else getting rich off you.
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When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place. But that's for another day.
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913 reads
Reading is faster than listening. Doing is faster than watching.
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964 reads
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
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Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.
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886 reads
Become the best in the world at what you do. Keep redefining what you do until this is true.
Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.
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870 reads
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.
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Pick business partners with high intelligence, energy, and, above all, integrity.
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.
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Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.
When specific knowledge is taught, it’s through apprenticeships, not schools.
Specific knowledge is often highly technical or creati...
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Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
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1.54K reads
You will get rich by giving society what it wants but does not yet know how to get. At scale.
Pick an industry where you can play long term games with long term people.
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Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
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If you can do both, you will be unstoppable.
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CURATED FROM
IDEAS CURATED BY
How to Get Rich (without getting lucky):
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Other curated ideas on this topic:
Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.
When specific knowledge is taught, it’s through apprenticeships, not schools.
Specific knowledge is often highly technical or creati...
Specific knowledge cannot be taught, but it can be learned. It’s about what makes you special. Like the things you were effortlessly doing that made people notice you. No one can compete with you on being you. Specific knowledge is found by pursuing your genuine curiosity and pas...
Getting rich slowly isn’t exciting.
However, the get rich quick strategies often carry an uncomfortable level of a risk or are just flat out scams.
Here's how you can get rich slowly:
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