Reviewing the past to gain new insights

Without incorporating personal experience, tweets can sound like a collection of inspirational platitudes (or “chicken soup”), offering wonderful content that momentarily inspires you. You might even turn them into beautiful posters to motivate yourself constantly. But it’s highly likely that after a while, you’ll forget them and continue living your routine life. What are called “mental models” are essentially simple methods that help you retrieve the knowledge you have learned.

June 8, 2023 · 1 min · xgDebug

Stop dividing people into rich and poor.

Stop dividing people into rich and poor, or white-collar and blue-collar. The modern dichotomy is between “those who utilize leverage” and “those who do not utilize leverage.”

June 8, 2023 · 1 min · xgDebug

The key lies in accurately grasping and fulfilling societal needs. The products or services required by each generation vary, but the vast majority are related to technology.

When a new need emerges, and you happen to be the sole person with the relevant skill set, it’s time to shine. During this period, you can build your personal brand on Twitter and YouTube (the video platform) by offering your products or services for free. While this process may involve certain risks and losses, you will have built a personal brand and gained significant reputation. When the opportunity arises, you can maximize the leverage effect to scale up the products or services you provide.

June 8, 2023 · 1 min · xgDebug

The more one feels they know everything, the fewer methods there are for mitigating and managing risks.

Decision is everything. In fact, a person with an 80% decision accuracy rate is hundreds of times more valuable in the market and yields hundreds of times higher returns than a person with a 70% accuracy rate.

June 8, 2023 · 1 min · xgDebug

The starting point is not important; the action itself is what matters.

So, the harm done to you is the result of the other party’s repeated deliberation.

June 8, 2023 · 1 min · xgDebug

There are three types of leverage.

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 [1] I even believe it is the most outdated form of leverage.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. ...

June 8, 2023 · 2 min · xgDebug

What school teaches only allows you to sell your time.

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.

June 8, 2023 · 1 min · xgDebug

When predicting based on memory, this logic is the most unreliable.

This happened in the past, so it will happen in the future.

June 8, 2023 · 1 min · xgDebug

Work goal

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.

June 8, 2023 · 1 min · xgDebug

You can never get rich just by renting out your time.

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.

June 8, 2023 · 1 min · xgDebug

During the process of moving forward, direction is more important than speed, especially once leverage is utilized.

If someone uses ornate language and habitually discusses grand and complex concepts, they likely don’t understand what they are talking about.

June 8, 2023 · 1 min · xgDebug

Early retirement

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.

June 8, 2023 · 1 min · xgDebug

How do you know if a person is trustworthy?

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.

June 8, 2023 · 1 min · xgDebug

How to achieve retirement?

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. ...

June 8, 2023 · 1 min · xgDebug

How to ensure you are directly addressing real problems?

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.

June 8, 2023 · 1 min · xgDebug

Induction and Deduction

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.

June 8, 2023 · 1 min · xgDebug

Offer free products or services, proactively sharing goodwill with the world. Goodness always pays off.

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.

June 8, 2023 · 1 min · xgDebug

Pick an industry where you can play long-term games with long-term people.

Pick business partners with high intelligence, energy, and, above all, integrity. ↓ Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.

June 8, 2023 · 1 min · xgDebug

Price your own time

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.

June 8, 2023 · 1 min · xgDebug

The role of effort has been greatly overestimated. In the modern economy, the degree of effort in work is not that important.

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.

June 8, 2023 · 1 min · xgDebug