How to Get Rich (Without Getting Lucky):

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. 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. You will get rich by giving society what it wants but does not yet know how to get. At scale. ...

June 22, 2023 · 4 min · xgDebug

Don't Just Focus on Your Weaknesses: The Theory of Comparative Advantage

Big goals are easier to achieve than small ones because problems cannot completely block your view of the big picture. Successful people always know how to put themselves in a “necessary” situation; without achieving their goals, they will never be happy. When you set limits for yourself, you will try to reach those limits. You should not only take responsibility for your failures but also for your successes. If you believe that success is unrepeatable, you lose the opportunity to improve your self-worth. A person who gives 110% effort and actively eliminates all excuses is bound to succeed. You need a good coach, someone who can maximize your potential using their own experience. The first person to focus on their weaknesses will not gain wealth. Whether it’s passive defense or active offense in a competition makes a world of difference. Many people have lost the joy of life and the opportunity to become wealthy by trying too hard to eliminate their weaknesses. The price you must pay to acquire wealth is time. But this is not comparable to the time you earn through wealth. Wealth allows you to think calmly about the meaning of life without financial concerns. +++ ...

June 21, 2023 · 1 min · xgDebug

Many difficulties are excuses; in reality, we do not believe that we can succeed.

Energy tips build self-confidence by keeping a success diary every day. Our self-confidence determines whether we dare to take risks. Without taking risks, growth is impossible. Overall, our thoughts, the education we receive, and the environment around us are not conducive to cultivating our self-confidence. A healthy self-assessment means confidence. Keeping a success diary makes you aware of how excellent you are. When writing a diary, you learn to focus on your strengths. After some time, you will start to discover your strengths and think: I can write this into my success diary. Our expectations determine what we will achieve. Our self-confidence again determines our expectations. +++ ...

June 21, 2023 · 1 min · xgDebug

You Don’t Need to Know It All

As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble. —HARRINGTON EMERSON +++

June 21, 2023 · 1 min · xgDebug

Focus on What You Know, Can Do, and Have

Many people often spend their entire lives thinking about things they don’t know, can’t do, or don’t have. First, solving someone else’s problem for them can earn you a lot of money; second, focus your energy on what you know, can do, and have.

June 19, 2023 · 1 min · xgDebug

Opportunities abound everywhere, but you can only see them when you seek for them.

Gia, opportunities abound everywhere, but you can only see them when you seek for them. Only when you have a strong desire in your heart will you go in search of opportunities. And when you imagine, the strong desire arises.

June 19, 2023 · 1 min · xgDebug

Most books have an argument that you can understand and move on to the next one.

The author presents an argument, supports it with numerous examples, and then uses their own perspective to explain various phenomena in the world. Once I feel like I’ve understood this argument, I stop reading further. There are so many such books; I call them pseudo-science bestsellers. +++

June 16, 2023 · 1 min · xgDebug

Commodifying Yourself

I believe that one of the key points to making money is reputation and credibility. In other words, people need to know you and trust you so that they can transact through you. I mentioned earlier about divers as an example. Because your diving skills are excellent and you have high visibility, treasure hunters will come to you on their own initiative and share some treasures with you in exchange for your skills. +++ ...

June 14, 2023 · 1 min · xgDebug

Success Takes Time. Even When Everything is Ready

If you keep counting down the time until success truly arrives, your patience will be worn thin. 成功需要时间。即使万事俱备 即使所有条件都已具备,成功也需要时间。在你等待的过程中,耐心会逐渐耗尽。 小本本 记录下这些时刻,无论多么微小的进展都是值得庆祝的。 ...

June 14, 2023 · 1 min · xgDebug

What is Wealth?

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.

June 10, 2023 · 1 min · xgDebug

Don't Pursue Success in a Highly Competitive Market

No matter how hard you try, you can only achieve average profit levels. +++

June 9, 2023 · 1 min · xgDebug

Choosing the right opponent (market) is far more important than strategy.

Avoid negative-sum games, play fewer zero-sum games, and engage in more positive-sum games. +++

June 9, 2023 · 1 min · xgDebug

I don't have the ability to find 'the right method'.

On the contrary, my effort is directed at eliminating methods that do not work one by one. I believe success lies in avoiding mistakes rather than making correct judgments. [4]

June 8, 2023 · 1 min · xgDebug