Each Day Grants us a limited amount of Time Capital : 24h. Or 86.400 seconds.Similarly our daily Energy is limited : a few thousands calories every morning. Collected through our nutrition and our relationships.

Our Daily Time and Energy are Limited

Most People live in either :<ul><li>Regret of their Past : Nostalgia.</li><li>Hopes for their Future : Expectations.</li></ul>Past moments can never be retrieved. We have no Power on either Past nor Future.The only Moment we can control is the Present Moment. This instant. Be conscious & mindful ; it's already gone. Concept of Mindfulness : Our instant emotions in the present moment are the only true thing we can control.

Past Moments Are Gone Forever. Mindfulness

Each of us invest this limited Time ~ Energy Capital in various universe. Here are some examples of these investments :<ul><li>Work</li><li>Family</li><li>Friends</li><li>Children</li><li>Meals</li><li>Sleep</li><li>Meditation</li><li>Art, Creation</li><li>Exercise</li><li>Learning</li><li>Day Dreaming</li><li>Etc ;</li></ul>

We should be Free to Choose Where to Invest Our Time ~ Energy

An Employee working on a Job invests his Time & Energy in a Company.Similarly an entrepreneur invests his Time & Energy in a Project or Enterprise (synonymous in latin languages). In Reward for this investment, the Employee is granted Money. Therefore Money is a conversion vehicle ; a mean of transfer for the Time & Energy invested.This money will be Available and useful for Future Transactions into more Energy or Time.

How Can Money Be Time & Energy

Money ~ Time ~ Energy

This Powerful Equation helped me reprogram my personal relationship towards Money.

Chacune de nos journée nous accorde un capital temps limité : 24h. Ou 86.400 secondes. De la même manière nous disposons d’un capital énergie limité. Quelques milliers de calories par jours. Ce…

philosophy

Philosophy

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

technologyandthefuture

Technology & The Future

timemanagement

Time Management

Life Currencies : Time ~ Money ~ Energy

The alarm you set sleepily at 12 at night is ringing loudly at 7 in the morning. You have to leave your warm bed, eat something and get dressed. Now, leaving your cozy house is even harder than all of that hassle. Well, you do it and suddenly it's 5 pm. You have to go back home rest a bit and get ready for the next day. Such fun, right? And for what? Just to be able to pay your credit card statement in full for the next month.

How Can You Buy Yourself Out Of Slavery

Now, here is a question: Do you think that this system has ever changed in the world for the past five thousand years? Get up in the morning, work for your masters. Pay off your debt to your masters with interest and repeat again all over. Can you spot any difference between the slavery of Babylon five thousand years ago and the modern slavery of today? I will try to answer this question with the success story of a Babylonian named Dabasir who lived five thousand years ago. A story about a man who was able to achieve financial freedom...

Dabasir - From Slavery To A World-Know Trader

Long story short; Nothing has changed in five thousand years. This is both a good and a bad thing. Good, because the ways out of slavery haven't changed either. But bad, because some of us just can't get out of this loop. Thankfully, Dabasir engraved some steps that can be taken on the path to financial freedom on a clay tablets five thousand years ago and whose accuracy has not changed for generations.

It costs nothing to ask wise advice from a good friend

You can guess how Dabasir became a slave. Think about how you got your first credit card. Why did you apply? Because sometimes you spend more than you earn. Now you can have almost everything you want in installments with your credit cards. In addition to this, maybe your income is increasing from year to year, you get promotions and you go from success to success in your career. Do you notice anything? The more you earn, the more you spend. This is how Dabasir became a slave; he spent more than he earned, got into debt, and he could not pay his debts.

Spending More Than You Earn

But Dabasir was determined. He had the spirit of a free man, and he had to be free. After being a slave for a while in Syria, he fled and came to Babylon to face his debts. He had three goals:<ol><li> Separating one-tenth of his earnings,</li><li>Meeting his basic needs with the seven out of tenth,</li><li>Paying his debts in installments with the remaining.</li></ol> He became a camel trader and paid for his debts in a long time and got his freedom. And that's it. What did you expect? A Dabasir who ran from battle to battle and became rich with spoils? He was a simple slave like us.

The Three Statements

Simple and easy to understand tips to save money and manage your wealth.

The Richest Man in the Babylon. This book deals with the personal success of each of us. Success means results coming from our efforts and ability. A good preparation is the key to our success. So keep a part of what you earn with yourself. From the benefits of saving to the essentials of getting rich, this collection of educative Babylonian fables gives you timeless information on how to make money. It guides to getting rich, attracting good fortune and the five golden rules. As a guide to understanding hydro-wealth and a powerhouse has been inspiring readers for generations. You know that Babylon became the richest city of the ancient civilization because it had reserved part of its earnings for the future. Thats why citizens got everything they wanted. How can you always keep your wallet heavy, the author has taught very beautifully on this topic.

George Samuel Clason, also known as George S. Clason. George Samuel Clason was born in Louisiana, Missouri, and died in Napa, California.During his eighty two years he was a soldier, businessman and writer. He served in the United States Army during the Spanish-American War.Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, and did not survive the Great Depression.George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon.

George S. Clason

The Richest Man In Babylon

Morgan Housel is a partner at the Collaborative Fund and serves on the board of directors at Markel Corporation. He is also a former columnist at The Motley Fool and The Wall Street Journal and author of the award-winning book The Psychology of Money. Tim Ferris and Morgan discuss how understanding investing and risk tolerance is more of a phycological challenge than a purely financial one.

Morgan Housel interview

Money isn’t a means to wealth, it’s a means to autonomy and independence.

The way to become a great investor is to maximize the amount of dollars you accumulate over the course of your life. Most of the time, it is not earning the highest returns. For example:<ul><li>Warren Buffett is the wealthiest investor of all time.</li><li>Jim Simons the greatest investor of all time in terms of long term average annual returns.</li></ul>Warren Buffett’s long term average annual returns are about 21% per year. Jim Simons’ are like 66 % per year. Yet, Warren Buffett is wealthier because has been investing for much longer.

How to become a great investor

Cope’s rule states that organisms get bigger over time. But there are huge downsides to being big. There’s always a sweet spot in evolution. When something becomes too big to manage, it can cause you to fail.

 The size is the strategy

“Financial Advice for My New Son”“You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people, and you think having expensive stuff will bring it. It almost never does — especially from the people you want to respect and admire you.” “When you see someone driving a nice car, you probably don’t think, ‘Wow, that person is cool.’ Instead, you think, ‘Wow, if I had that car people would think I’m cool.’ Do you see the irony? No one cares about the guy in the car."

Most people want independence and autonomy. Having the money that you don’t have to spend becomes the most valuable thing in the world when it lets you gain control of your time. But freedom and autonomy carry a lot of responsibility with them.

Instil the value of money and the ability to control how it affects your life


Risk is just the odds that something will prevent you from achieving your goals. Everyone has very different goals and aspirations and time horizons, so everyone thinks about risk differently. If your goals lie 50 years in the future, you probably wouldn't care what will happen in the next three years. But if you're 90 years retired widow on a fixed income, you'd have a very different definition of risk.  When people argue with each other on risk, it's really people with different risk tolerances and different time horizons talking over each other.

How to approach risk

There are many things in finance that look smart and sound smart, and the numbers add up, but it's completely opposed to how the real world works. Then there are many things that investors do that are not rational but is perfectly reasonable and align with how people's heads work.  For example, people own stocks that are closest to where they live. People who live in America only own US stocks, and those in Germany only own German stocks. It's not rational, but it's very reasonable. It's easier to invest your life savings in companies you're most familiar with.

Rational vs reasonable

Buffett has a great quote on wealth where he says he wants to leave his kids enough money that they can do anything, but not so much money that they could do nothing. Give children a safety net, but not fuel. Parents shouldn't give their children money just to make their life better. Children need to know that they have to make it on their own.

Ensure your children grow up to be financially smart

Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor | Brought to you by Allform premium, modular furniture; Athletic Greens all-in-one nutritional supplement; and Tonal smart home gym. More on all three below.Morgan Housel (@morganhousel) is a partner at the Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He serves on the board of directors at Markel Corporation. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.His book The Psychology of Money has sold more than one million copies and has been translated into more than 30 languages.Please enjoy!This episode is brought to you by Allform! If you’ve been listening to the podcast for a while, you’ve probably heard me talk about Helix Sleep mattresses, which I’ve been using since 2017. They also launched a company called Allform that makes premium, customizable sofas and chairs shipped right to your door—at a fraction of the cost of traditional stores. You can pick your fabric (and they’re all spill, stain, and scratch resistant), the sofa color, the color of the legs, and the sofa size and shape to make sure it’s perfect for you and your home.Allform arrives in just 3–7 days, and you can assemble it yourself in a few minutes—no tools needed. To find your perfect sofa and receive 20% off all orders, check out Allform.com/Tim.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*This episode is also brought to you by Tonal! Tonal is the world’s most intelligent home gym and personal trainer. It is precision engineered and designed to be the most advanced strength studio on the market today. Tonal uses breakthrough technology—like adaptive digital weights and AI learning—together with the best experts in resistance training so you get stronger, faster. Every program is personalized to your body using AI, and smart features check your form in real time, just like a personal trainer.Try Tonal, the world’s smartest home gym, for 30 days in your home, and if you don’t love it, you can return it for a full refund. Visit Tonal.com for $100 off their smart accessories when you use promo code TIM100 at checkout.*For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Margaret Atwood, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Balaji Srinivasan, Sarah Silverman, Dr. Andrew Huberman, Dr. Michio Kaku, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

motivationandinspiration

Motivation & Inspiration

podcasts

Podcasts

Brought to you by Athletic Greens all-in-one nutritional supplement, Allform premium, modular furniture, and Tonal smart home gym. Morgan Housel (@morganhousel) is a partner at the Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He serves on the board of directors at Markel Corporation. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.His book The Psychology of Money has sold more than one million copies and has been translated into more than 30 languages.Please enjoy!This episode is brought to you by Allform! If you’ve been listening to the podcast for a while, you’ve probably heard me talk about Helix Sleep mattresses, which I’ve been using since 2017. They also launched a company called Allform that makes premium, customizable sofas and chairs shipped right to your door—at a fraction of the cost of traditional stores. You can pick your fabric (and they’re all spill, stain, and scratch resistant), the sofa color, the color of the legs, and the sofa size and shape to make sure it’s perfect for you and your home.Allform arrives in just 3–7 days, and you can assemble it yourself in a few minutes—no tools needed. To find your perfect sofa and receive 20% off all orders, check out Allform.com/Tim.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*This episode is also brought to you by Tonal! Tonal is the world’s most intelligent home gym and personal trainer. It is precision engineered and designed to be the most advanced strength studio on the market today. Tonal uses breakthrough technology—like adaptive digital weights and AI learning—together with the best experts in resistance training so you get stronger, faster. Every program is personalized to your body using AI, and smart features check your form in real time, just like a personal trainer.Try Tonal, the world’s smartest home gym, for 30 days in your home, and if you don’t love it, you can return it for a full refund. Visit Tonal.com for $100 off their smart accessories when you use promo code TIM100 at checkout.*Warren Buffett vs. Jim Simons. [06:43]What do people get wrong about the partnership between Warren Buffett and Charlie Munger? [13:45]The size is the strategy. [16:59]Six years after writing his “Financial Advice for My New Son” article for The Motley Fool, are there any points Morgan would add or amend? [20:27]While there’s no way of knowing what kind of adults our kids will grow up to be, how might we instill in them the value of money and the ability to control how it affects their lives? [23:43]What unorthodox career decision did Morgan’s father make in his 30s, and how did the family’s life change as a result? How did earlier lessons of frugality give Morgan’s parents more options later on than their more steadily affluent peers? [28:28]How Morgan’s career path meandered from Denny’s greeter to investment banker to reluctant writer. [34:18]After finally hitting his stride as a writer at The Motley Fool, what compelled Morgan to join the Collaborative Fund team? [42:15]What’s a Markel and how did Morgan get involved with it? What was it hoped he could bring to the table there? [49:07]How does Morgan approach risk? [56:32]What “fin tweet” game is Morgan playing, and what are the rules? Who are the top players in this space, and what makes them worth your attention no matter the medium? [58:59]Investors Morgan respects — even if he wouldn’t try to emulate them. [1:03:33]Don’t beat yourself up too badly if you’ve ever been gamed by the market. Even Warren Buffett still makes mistakes. But would his younger version have made the same decisions he makes today? What made the early days of the pandemic such an uncertain time for even the most seasoned investors — Buffett and Housel alike? [1:09:37]Sometimes it’s the counterintuitive bets that elevate an investor into deity or demigodhood in the pantheon of the money-minded — whether it’s Benjamin Graham, Walt Disney, or Michael Moritz. [1:19:11]Notes on leverage and the “buy, borrow, die” approach to investing, and making sense of conflicting, diametrically opposed advice from seemingly intelligent, rational parties with differing opinions. [1:28:37]Sometimes peace of mind matters more than profit. [1:33:44]Is it better to be an antediluvian penny pincher who dies rich, or a high-roller who casts fistfuls of dollars into the sea only to pass away penniless? Maybe the middle ground is healthier than either extreme. [1:36:01]How does Morgan recommend someone of means ensure their children don’t grow up to be horrible, entitled, and generally useless to society? [1:40:13]Biographies and memoirs Morgan recommends (and what they can teach us about current events). [1:48:19]How can you increase the likelihood that you will not respond in moments of panic by doing what cripples you financially? Morgan weighs in. [1:52:26]In Morgan’s experience, how does someone who comes into money effectively allow themselves to enjoy it without succumbing to the all-too-common temptation to sink it all under a mountan of status symbols nobody really cares about? For his own part, what does his financial comfort allow him to enjoy, and how does he scratch the itch when he’s pestered by such temptations? [1:57:27]Preparing for financially bumpy long hauls, and “understanding the difference between a fee and a fine.” [2:07:15]A handful of journalists and writers Morgan would choose as trusted informants in a world without Twitter or in-depth news sources. [2:10:37]Morgan’s hall of fame for books about investing and finance, and how Dan Gardner’s book The Science of Fear has made him think about fear. [2:17:02]Morgan’s advice for helping someone (like me) regain a regular cadence of writing if COVID or other life interruptions have derailed such efforts, and a glimpse into what his own writing process looks like. [2:19:18]Tolerance for petty annoyance as a valuable life skill. [2:25:48]How did training as a competitive ski racer prepare Morgan for USC and, eventually, a world-class writer for The Motley Fool? [2:30:53]What does Morgan think is true, but is actually just good marketing? [2:39:17]What looks unsustainable, but is actually a new trend we haven’t accepted yet? [2:40:57]What has been true for decades that will stop working, but will drag along stubborn adherence because it has such a long track record of success? [2:43:50]Which of our current views would change if our incentives were different? [2:45:46]What are we ignoring today that will seem shockingly obvious in a year? [2:48:11]Money is not spreadsheets. It’s dopamine and cortisol. [2:49:06]Thoughts on near-future innovations both frightening and fascinating. [2:50:10]Websites Morgan thinks are worth your while. [2:55:23]Stories or points in The Psychology of Money Morgan wishes people paid more attention to. [2:57:39]Parting thoughts. [2:59:02]*For show notes and past guests, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsors.Sign up for Tim’s email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Margaret Atwood, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Balaji Srinivasan, Sarah Silverman, Dr. Andrew Huberman, Dr. Michio Kaku, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tim Ferriss is a self-experimenter and bestselling author, best known for The 4-Hour Workweek, which has been translated into 40+ languages.  Newsweek calls him "the world's best human guinea pig," and The New York Times calls him "a cross between Jack Welch and a Buddhist monk."  In this show, he deconstructs world-class performers from eclectic areas (investing, chess, pro sports, etc.), digging deep to find the tools, tactics, and tricks that listeners can use.

The Tim Ferriss Show

#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor

To monetize your expertise you must get clear on what you know, its value, and who can benefit from it. The following six questions will help you figure that out so you can create value for your customers, clients, and yourself.

Monetize Your Expertise

What single topic of expertise is your focus?<ul><li>The more focused the expertise you choose to monetize, the easier it will be to do so.</li><li>Try completing this sentence: "I use my expertise to help people ______."</li><li>Boiling down your expertise to one sentence helps focus your efforts and define the value you offer.</li></ul>

The Single Topic of Expertise that Is Your Focus

What separates you from other experts in your field?<ul><li>Come up with 3-5 unique things that separate you.</li><li>Unique traits few others have.</li><li>Unconventional beliefs about things like what makes a good social media consultant.</li><li>Experience building successful products.</li><li>Your points of differentiation won't make you the right choice for everyone, but they will make you an attractive candidate.</li></ul>

What Makes You Unique

Who needs your expertise?<ul><li>Lots of people have problems they don't realize are problems.</li><li>It's easier to sell to someone who seeks a solution than someone who doesn't know they need one.</li><li>Your answer to this question will determine your target audience so give it some serious thought.</li></ul>

The People Who Need Your Expertise And Solutions

How will your expertise change a person's life?<ul><li>People buy things that provide value.</li><li>Figure out how your expertise will help people move from point A to B in their lives or careers.</li><li>Creative entrepreneurs who pay for your expertise go from wasting time, effort, and money on content and marketing without tangible results to using it in ways that grow their audience and business.</li></ul>

Providing Real Value

What's the best way to deliver your expertise?<ul><li>Determine which delivery methods will most effectively package your expertise and format your product or service.</li><li>Consulting calls, e-books, videos, etc.</li><li>Figure out which delivery method your target audience will most want to consume and how you will be most comfortable or skilled at delivering it.</li></ul>

Delivering Your Expertise In The Best Way Possible

What are your monetary goals?<ul><li>Why do you want to monetize your expertise in the first place? Is it a secondary revenue stream?</li><li>How much do you need to make to justify the time and effort you put into it? And how quickly do we need to get to that level?</li></ul>

Your Money Goals

Want to know how to monetize your expertise? These six questions will help you figure out how to create value for customers and yourself.

career

Career

How To Monetize Your Expertise: 6 Questions To Ask Yourself

<ul><li>A growing online community championing quitting work before the age of 65 has emerged with hashtags like #EarlyRetirement, #RetireBefore30, and #FinancialIndependence.</li><li>The movement built on aggressive saving, investment, and frugality has found a new audience - and come up with new strategies for piling up cash.</li><li>You need to reach a net worth 25 times your annual cost of living to theoretically live off your savings for the rest of your life.</li><li>If you can bump up your savings and increase your income, you could get there even faster.</li></ul>

#RetireBefore30

<ul><li>People underestimate the length of their life.</li><li>Nursing homes and retirement communities are exorbitantly expensive.</li><li>Health care costs more as you age.</li><li>Family planning is difficult to predict.</li><li>Access to premium Medicare and pension funds depends on the number of years you work.</li><li>The market can be unpredictable.</li></ul>

Retiring Early Is Risky

<ul><li>College degree, no student debt.</li><li>Partner to share expenses.</li><li>No children or relatives to care for.</li><li>Access to health care.</li><li>Choice of where to live.</li><li>But all of this comes at a price.</li></ul>One example is the case of Taybeepboop, a 28-year-old post-production freelancer who paid off her college debt in under a year and eventually saved enough to buy a home. Her financial advisor encouraged her to share her financial story on TikTok, but it came at a high price.

The Advantages of Retiring Early 

The popular-on-TikTok movement claims with enough scrimping, sacrificing, and investing, you can quit work while you’re still young. But is it worth it?

What It Takes to Actually Retire by 30

Their node management platform will help auto-scale Blockdaemon servers running Elrond Validator nodes securely with enhanced monitoring, back-up systems, HA clusters, APIs and cloud-managed node monitoring of on-premises solutions, greatly contributing to the overall health and consistent performance of the Elrond Network.

The Blockdaemon non-custodial staking pool is live and currently offers ±12% APR with no delegation cap. You can find Blockdaemon as a verified Staking Provider in both the Maiar App and the Web Wallet.

Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Elrond

Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes.

About Blockdaemon

A highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.

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Cryptocurrency

Leading Blockchain Infrastructure Provider Blockdaemon Joins Elrond As A Staking Partner

“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement.

JPMorgan has been ramping up its blockchain initiatives of late, with Cointelegraph reporting earlier this week that the firm became the first bank to officially <a href="https://cointelegraph.com/news/1t-opportunity-jpmorgan-becomes-first-major-bank-in-the-metaverse">launch in the metaverse </a>. It now has a virtual lounge in the popular crypto-backed virtual world Decentraland and <a href="https://cointelegraph.com/news/metaverse-is-booming-bringing-revolution-to-real-estate">appears bullish on the metaverse sector </a>after it labeled it as a $1-trillion opportunity.

quantum security was determined to be a blocking criteria for blockchain adoption by capital wales

Marco Pistoia, engineer, and head of the FLARE Research group at JPMorgan Chase emphasized the importance of building secure blockchains before quantum computing changes the “security landscape” of blockchain and crypto.  

scienceandnature

Science & Nature

JPMorgan unveils research on quantum resistant blockchain network

<a href="https://mchain.capital/">Multi-Chain Capital </a>has the goal to allow you to buy its $MCC token on Ethereum or Binance Smart Chain, farm your investment for you on multiple blockchains, and return the profits to you.At the time of this writing, approximately 1.916 billion $MCC tokens are circulating and more than 1.556 billion are burned, never to re-enter circulation.

MultiNodes fill a void that allows you to create a sustainable passive income in a more capital-efficient way. Of course, there are many options for earning income acting as a node across many different blockchains and protocols, but many crypto users are priced out by the fees and lack of portability in regards to wallet-to-wallet transfers.MultiNodes is a truly portable node solution allowing transfers and trading of nodes on a secondary market. the underlying innovation behind the concept is NFTs. A node’s sale price, income rate and value are all included in the metadata.

MultiNodes Is a New Alternative to Existing Node Solutions

Traditional nodes offer just a single stream of income; transactions fees are paid out to users based on transaction volume. MultiNodes offers six<ul><li>$MCC rewards</li><li>Reflections</li><li>Treasury taxes</li><li>Royalties earned on the secondary market</li><li>Upcoming products in the flagship product portfolio</li><li>Farming Investments</li></ul>

MultiNodes Offer Portability and Six Buckets of Income

MultiNodes are organized into five different tiers. The most capital-intensive tier requires you to invest $5,000 worth of both $MCC tokens and a stablecoin ($10,000 total). That’s the Presidential tier. The entry-level tier, called the Analyst tier, requires just $250 worth of $MCC and a stablecoin ($500 total).At the time the project launches, the $MCC value required to enter each of the five tiers will always remain at a fixed constant value.

The Best Way to Benefit from the Value of MultiNodes

Although many altcoin projects play host to DeFi and NFT projects nowadays, an overwhelming majority of them still live on the Ethereum blockchain. While both

Why Earning a Sustainable Passive Income from DeFi Platforms Is About to Get Easier for the Average Investor | Bitcoinist.com

"Everyone should have a side hustle. Even if you love your job., having more than one source of income will give you more freedom and more options."

<ul><li>Is it feasible? Can you execute it in an hour or less a day and expect to see results within a week? Or are you trying to climb Mt Everest on your first attempt?</li><li>Will it be profitable? How much can you expect to make from one sale? What expenses do you have to cover? What’s the optimistic and pessimistic version of this?</li><li>Is your idea persuasive? Can you explain what you’re selling to your grandma in two sentences? What’s your “wow factor?” What’s your unique advantage?</li></ul>If an idea fails to pass the scrutiny of these questions, don’t bother with it.

Generating Ideas For Your Side Hustle: The Validation Framework

The first week of side hustle month is about your ideas. The second week of the program encourages you to get clear about your ideal or target customer. Think of them as ‘your people'. Find out more about “your people”:<ul><li>If you know one of them, have a coffee. </li><li>But If you don’t: have an imaginary coffee with them’, or write a letter to them. </li></ul>

Finding "Your People"

Go from idea to offer with price, pitch, and promise.<ul><li>Your promise should be a bold, provocative statement that highlights the persuasive aspect of your idea. When people hear it, they should see how they can immediately benefit from your idea. </li><li>Your pitch tells people how you deliver on that promise in as few words as possible. </li><li>Your price lets people know how much they have to pay and comes with a clear call to action. </li></ul>

Price, Pitch, and Promise

"Like a comic book superhero, your side hustle needs a history [or herstory]. Don’t just give ‘em the facts; tell them a story."

Look for your own origin story – what is your superpower in relation to “your people” and importantly, what is the drama, or the ‘turning point’ that gave youour superpower.

Create Your Origin Story

"The best hack of all is to do something that makes a difference in [your] people’s lives."

This includes learning to:<ul><li>Clearly explain what your product or service is, why “your people” will benefit and how it works. </li><li>Deliver what you promise, so start simple with your promise, but go above and beyond whenever possible.</li><li> Uncover and respond to unspoken needs. </li><li>Find a way to report back to “your people” in some way. People often forget how bad the problem was, once it is solved. </li><li>Make it fun, interesting, or a source of status to write or record a testimonial for you</li></ul>

How You Can Change Your Customer’s Life

<ul><li>A website. Today, if you’re not online, you don’t exist. All you need is a domain and hosting. </li><li>A social media profile. Pick a platform that you like, where you’ll enjoy creating content and that suits your audience and focus on that.</li><li>A scheduling tool. Eliminates all the back and forth.</li><li>A payment system, to let people purchase right on your simple site</li></ul>If you end up with an idea for a side hustle that requires you to take out a $10,000 loan, you’ve done it wrong. It shouldn’t be expensive.

The Quintessential Side Hustle Shopping List

To sell a product or service, you must emphasize its merits. Focus on its benefits. The key is to connect with people emotionally.You should seek out four types of people who can help you along the way once you’ve identified the benefits of your side hustle. <ol><li>Find supporters first. Families and friends are most likely to be involved – they can lend a hand in a variety of ways and support your effort. </li><li>Find a mentor, someone who offers guidance and advice. </li><li>Identify influencers. Trendsetters are those who spread the word about your product. </li><li>Finding ideal customers is the fourth step. </li></ol>

Understand Your Side Hustle’s Benefits And Involve The Right People

A guide to launching a profitable entrepreneural venture in less than a month shares practical exercises and inspiring stores about how to plan, launch, and refine a side business with minimal revenue and without having to quit a full-time job.

entrepreneurship

Entrepreneurship

business

Business

books

Books

The author of the New York Times Bestseller THE $100 STARTUP shows how to launch a profitable side hustle in just 27 days. For some people, the thought of quitting their day job to pursue the entrepreneurial life is exhilarating.  For many others, it’s terrifying. After all, a stable job that delivers a regular paycheck is a blessing. And not everyone has the means or the desire to take on the risks and responsibilities of working for themselves. But what if we could quickly and easily create an additional stream of income without giving up the security of a full-time job? Enter the side hustle. Chris Gullibeau is no stranger to this world, having launched more than a dozen side hustles over his career. Here, he offers a step-by-step guide that takes you from idea to income in just 27 days. Designed for the busy and impatient, this detailed roadmap will show you how to select, launch, refine, and make money from your side hustle in under a month. You’ll learn how to: •  Brainstorm, borrow, and steal to build an arsenal of great side hustle ideas (day 3) •  Apply “Tinder for Side Hustle” logic to pick the best idea at any time (day 6) •  Learn, gather, or create everything you need to launch; then set up a real life way to get paid (days 13-14) •  Start raking in the money by channeling your inner Girl Scout (day 18) •  Master the art of deals, discounts, and special offers (day 21) •  Raise your game: improve, expand, or make more money off your hustle (days 24-26) A side hustle is more than just another stream of income, it’s also the new job security. When you receive paychecks from different sources, it allows you to take more chances in your “regular” career. More income means more options. More options equals freedom. You don’t need entrepreneurial experience to launch a profitable side hustle. You don’t have to have an MBA, or know how to code, or be an expert marketer. You don’t need employees or investors. With Chris as a guide, anyone can make more money, pursue a passion, and enjoy greater security – without quitting their day job.

Chris Guillebeau is the New York Times bestselling author of The $100 Startup and other books. During a lifetime of self-employment, he visited every country in the world (193 in total) before his 35th birthday. Every summer in Portland, Oregon he hosts the World Domination Summit, a gathering of creative, remarkable people. Chris also hosts Side Hustle School, a popular podcast that is downloaded more than 2 million times a month.

Chris Guillebeau

Side Hustle

Side Hustle: From Idea to Income in 27 Days

Money can’t buy happiness, but the absence of money can cause unhappiness. Money buys freedom: intellectual freedom, freedom to choose who you vote for, to choose what you want to do professionally. But having “f*ck you” money requires a huge amount of discipline. The minute you go a penny over, then you lose your freedom again. If money is the cause of your worry, then you have to restructure your life.

We tend to picture "f*ck you" money as a minimum hurdle. What's your "f*ck you" money amount?$100K? 1M? $5M? $100M? Everybody has a different answer."F*ck you" money, in our heads, is a singular point. Once we cross it, life's problems melt away. When you have X amount of money, you can say "no" to things that you don't want to do. Nobody owns you. Your life is wholly yours. You have the ultimate degree of freedom.

What We Believe Is F-U Money

The reality isn't filled with straight lines that we can extrapolate forever. Reality is messy, full of nuance. The reality of "f*ck you" money isn't a singular point to cross, but a range to stay between. A dollar too much, and you descend back below that threshold. The formula is reversed, and additional wealth comes at the expense of additional freedom. Sure, you might be "rich" financially, but you don't have "f*ck you" money.

What F-U Money Really Is

<ul><li>A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases.</li><li>Poverty puts your destiny in the hand of circumstances that you often have no control over because poverty doesn't allow you any financial flexibility.</li><li>Poverty keeps individuals trapped in dead-end jobs because they can't afford to leave and look for something new. Poverty turns medical emergencies into financial catastrophes. </li></ul>

Being Poor Sucks

As your income grows, outside circumstances lose their grip on your life. If you have $50,000 saved up, you can weather seven months of unemployment, afford to repair your truck's transmission, and cover emergency medical expenses.If you have $50,000 saved up, you can quit your job and take a leap of faith to try something new.If you have $50,000 saved up, you have options.

Some Saved Money Helps With Options

Did billions of dollars make Elon Musk miserable? Did Warren Buffett, Bill Gates, and Jeff Bezos suffer failed marriages because of their $100B net worths? Not necessarily. However, the traits that made them so successful both financially and professionally have also made the other aspects of their lives a living hell.No one is superman, and we are all limited by time and energy. If you invest maximum effort into your career, your personal life has no choice but to suffer.

Being (Too) Rich Can Also Suck

Life is defined by opportunity costs. The opportunity cost of reaching the pinnacle of professional success is often a lacklustre family life. It's not necessarily that money destroys relationships, but the dedicated effort needed to achieve this success comes at the expense of other (often family) aspects of one's life.A singular drive to succeed professionally often yields a life where one's only success is in their profession.But it's not just the opportunity costs associated with the success that plague the ultra-rich, it's the magnification of every aspect of their lives.

No One Can Have It All: Understanding Opportunity Costs

Past a certain point, freedom of speech is a casualty of personal success.Money affects the dynamics of one's interpersonal relationships as well:<ul><li>When you are rich, new "friends" that seem genuine pitch you investment ideas four months into the "friendship". </li><li>Your dating life is compromised by bad actors that are more concerned with your wallet than your personality. </li><li>Family members come out of the woodwork asking for financial help.</li><li>Your private life quickly becomes a public life as your wealth and fame balloon. </li></ul>

The Loss Of Freedom And Genuine Relationships

If you are "publicly rich" (think athletes, authors, movie stars, politicians, etc.), you no longer have a private life. Everyone wants a piece of the public figure, for better or worse.If you are "privately rich", you still run the risk of sacrificing other areas of your life for the sake of success. You could have all the money in the world and be a prisoner to your ambitions. What good is $100B if all of your relationships are in shambles? Money can't buy true friendship, camaraderie, love, or desire.

Being Too Rich Is Like Being In Extreme Poverty

F*ck you" money is pure, unadulterated freedom with no strings attached.<ul><li>"f*ck you" money means you can do whatever you want. </li><li>"f*ck you" money allows you to travel wherever you want, whenever you want. </li><li>It means not having to check your bank account before buying something that you want. </li><li>It means that you make enough money through activities that you enjoy to cover all of your expenses without having to go to an office.</li><li>It will mean that you can't be "employed", because you won't need to work for someone else. </li><li>It will mean that you, and only you, will dictate the terms of your labour.</li></ul>

The Meaning Of F-U Money

"F*ck You" Money

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