The first type is labor leverage, which means having others work for you. Labor leverage is one of the oldest forms of leverage, but in modern society, its effectiveness is not the best. [1] I even believe it is the most outdated form of leverage. This is because managing other people is an extremely complex and challenging job that requires superb leadership skills. If done poorly, the manager might end up ostracized and devoured by their subordinates. ...
Knowledge everyone can acquire won’t make you rich. Any skill that can be mass-trained is an employable skill. Only what you learn yourself is a unique ability that belongs to you, and that is what can lead to successful entrepreneurship.
This happened in the past, so it will happen in the future.
A major goal of life should be mastering one’s own time. The ideal job is work that utilizes the leverage effect. In this work model, you can control your own time and be responsible for your own output and results. If you bring game-changing opportunities to a company by providing excellent solutions, you are guaranteed financial returns. Especially, if others don’t even know how you achieved it, they must continuously pay you, allowing you to keep providing that product or service. And the reason you can achieve this is because of your obsession, skills, or talent.
Regardless of the stage of life one is in, the goal of striving is always to continuously improve one’s independence, rather than seeking promotion and salary increases. Possessing this independence—being responsible for one’s unique output and results (instead of merely being responsible for the time invested, as is common for an employee)—is the most ideal state.
If someone uses ornate language and habitually discusses grand and complex concepts, they likely don’t understand what they are talking about.
Retirement is no longer sacrificing today for an imagined tomorrow. When you can live in the present and spend every day with inner fulfillment, you have reached the state of retirement.
If a person constantly boasts about how honest they are, they are likely dishonest. This is just a small warning sign that I have learned. When a person continuously promotes their values or brags about themselves, it means they are concealing something.
Multiple Ways to Achieve Retirement Saving Money The first method is saving money. As long as the savings are sufficient, passive income (without lifting a finger) can cover expenses. Monastic Life The second method is reducing expenses to zero—by living a monastic life. Doing What You Love The third method is doing what you love, completely enjoying the process, regardless of whether you have money or not. ...
To face reality, one must set aside the ego, eliminate self-consciousness, put aside personal judgment, and calm one’s emotions. Although humans are advanced beings, the existence of emotional self-awareness leads to ruminative thinking, allowing certain desires to cloud our judgment, preventing us from seeing reality clearly, and thus leading us to rashly judge how “the world should be.” This situation often occurs, especially when political demands and business issues are intertwined.
Nearly all biases exist to help people make quick judgments when information is incomplete. For important decisions, one must set aside memory and identity, and focus on the issue itself.
Find the field you excel in, and then use your skills to help others: offer free products or services, and proactively spread kindness to the world. Good people eventually reap good rewards. As long as you remain consistent, with time, your efforts will surely yield corresponding returns. But don’t dwell on how much you have given—once you start counting, your patience will be completely drained.
Pick business partners with high intelligence, energy, and, above all, integrity. ↓ Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
Calculate the value of time using your hourly rate. If the time saved by spending money is worth more, spend it—don’t hesitate. To truly earn money, you must first believe in your own worth.
In the era of leverage, one correct decision can help you win everything. Without effort, you cannot cultivate judgment, nor can you gain any leverage.
The challenge lies in perceiving the truth. To see the truth, one must transcend the self (or ego), because the self resists facing the truth. The weaker the self, the fewer the constraints on one’s own reactions, and the lower the attachment to the desired outcome, the easier it is to see reality.
Every one of us has some unorthodox beliefs that are not accepted by society. However, the more our identity and the group we belong to reject these beliefs, the more likely they are to be consistent with reality.
Whether by lowering your standard of living or by working hard to earn money, once you are free from financial worries, you can retire.
Only a relaxed mind can generate great ideas. A person under intense pressure, bogged down in paperwork, constantly running around, and completely overwhelmed, has no capacity to think. Therefore, you must make time for thinking.