Navalmanack

Being accountable for your unique output (rather than being accountable for the time spent, like an employee), this is the ideal state.

If you keep counting down the time until success truly arrives, your patience will be worn thin. Success Takes Time, Even When Everything Is Prepared Even if all conditions are met, success still requires time. During the waiting process, patience will gradually run out. Notebook Record these moments; no matter how small the progress, it is worth celebrating.

I took a risk. Same with crypto. Early on, I took a risk. But when you put your name out there, you take a risk with certain things. You also get to reap the rewards. You get the benefits.

Highly intelligent people are often unconventional. They insist on independent thinking and hands-on involvement to fully grasp the context and origins of things.

Without ownership, your inputs are very closely tied to your outputs. In almost any salaried job, even one paying a lot per hour like a lawyer or a doctor, you’re still putting in the hours, and every hour you get paid.

Owning equity in a company basically means you own the upside. When you own debt, you own guaranteed revenue streams and you own the downside. You want to own equity. If you don’t own equity in a business, your odds of making money are very slim.

Your boss will always pay you just good enough.

Time investment is necessary, so I believe what you need to do is cultivate expertise, responsibility, and influence, leverage the effect of leverage to gain a world-class skill set, and be the foremost in your professional field.

If one does not hold corporate equity, the correlation between personal input and returns will be extremely strong. For almost all salaried jobs, even high-paying professions like lawyers or doctors, time must be invested to earn the corresponding income. If you don’t hold company equity, you have no income while sleeping, no income after retirement, and no income during vacation. In short, the income is relatively fixed, making it impossible to achieve substantial breakthroughs.

The less desire you have for something, the fewer worries you will have, the less obsession you will have, and conversely, the more you will be able to go with the flow and follow your inner self. You will consistently continue doing it in the way you are best at, and the quality of your work will improve as a result.

You can go on the internet, and you can find your audience. And you can build a business, and create a product, and build wealth, and make people happy just uniquely expressing yourself through the internet.

You have to do it by yourself.

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.

There are no get-rich-quick schemes. Those are just someone else getting rich off you.

Money is how we transfer wealth. Money is social credits. It is the ability to have credits and debits of other people’s time.

Wealth is what you desire. Wealth is assets that generate income while you sleep. Wealth is the factory, the robots, producing items continuously. Wealth is the computer program that runs at night, serving other customers. Wealth is also money in the bank that is reinvested into other assets and businesses.

1. People Should Seek Wealth, Not Money or Status People should not earn wealth through arduous labor. Working 80 hours a week in a restaurant will not make you richer. Hard work is unavoidable, but it should be done in the right way. People should seek wealth, not money or status. If you believe wealth is unimportant, wealth will move away from you. Wealth is assets that continue to make money even while you sleep. Without wealth assets, when you sleep, you have no income; when you retire, you cannot keep earning. In short, without wealth, you cannot achieve non-linear earning. Generally, wealth is created by starting your own company or by investing. Neither of these is achieved merely by putting in a large amount of time; the wealthy also only have 24 hours a day, just like you. ...