“All self-made multimillionaires create their wealth by a carefully orchestrated process. They have and use the entire formula. Despite what you may have read or heard, wealth is not an event. ” — MJ DeMarco, The Millionaire Fastlane
Making money, just like all other forms of success in life are not events.
Money doesn’t just fall from a tree as much as you won’t suddenly become better than Roger Federer at tennis overnight.
Most people (myself included) underestimate themselves and overestimate others.
We are quick to lionize and idolize folks like Steve Jobs, Bill Gates, Elon Musk etc.
Whilst they are certainly amazing people with remarkable achievements, in reality they are human just like us. Even they had to start from somewhere.
And that’s the point, that at some point, you just have to start.
Over the years I’ve spent a long time just consuming information.
The trap with this is consume enough information and you even start to feel productive after a day of nothing but information consumption.
I got so sick of it. The fact that I wasn’t doing enough or creating/producing stuff. …
As part of my journey into blogging and writing I’m fast beginning to learn that marketing your work is just as important as your work itself.
You may have heard about the 50–50 split that many of the top bloggers recommend.
That is, spend 50% of your time writing but importantly the other 50% equally on marketing, promoting and spreading the word.
It sounds strange at first. After all if you’re a writer shouldn’t you naturally spend most of your time writing? Like duh?
But actually it doesn’t work that way. Because you will find even if you spent 7 hours writing a brilliant 3000 word article, if nobody sees it you’ve kind of impacted no one. …
Good things take time, as they should. We shouldn’t expect good things to happen overnight. Actually, getting something too easily or too soon can cheapen the outcome.
– John Wooden
Everything that’s worth having takes time.
An acorn seed takes time to bud and grow into a mighty oak tree.
A baby takes nine months to form and be born.
An infant takes a couple of decades to grow into an adult.
It takes years for us to complete our education.
Albert Einstein once called compound interest the eighth wonder of the world but as we’ve all experienced, it takes years upon years to work its magic. …
Every day you wait is another day you won’t get back
— One Tree Hill
When you don’t feel like getting out of bed in the morning.
When you don’t feel like going to the gym today.
When you don’t feel like studying.
When you don’t feel like eating healthy.
When you don’t feel like reading that book you promised yourself you would.
When you don’t feel like being kind.
When you don’t feel like being generous.
When you don’t feel like working on your most important task for the day.
When you don’t feel like saving money.
When you don’t feel like cleaning up your living environment although it’s in a mess and the clutter is affecting your productivity. …
You are much closer to freedom than you think.
Everyone of us has a “number”.
The number that represents our freedom.
How high or how low that number is depends on how lean you’re willing to live.
I’m talking about the minimum cost footprint you need every month to survive (your minimum viable cost).
I’m talking about the sum-total of things like your rent + food + utilities and other necessities.
I’m talking about the amount of cash burn you experience every single month regardless of whether you choose to spend anything or not.
It’s literally the cost of living.
So long as you’re alive you have a number. …
One of the key traits of successful people is having a growth mindset.
Lots has been written about the importance of having a growth mindset and maybe I’ll write something more about it in the future.
But not today.
I find that so many times it is just as useful to learn what something is not, in order to better understand what that something is.
So I thought today it would be useful to talk about closed-mindedness.
Because if there’s something that’s a close antonym or opposite phrase to growth mindset, it would be closed-mindedness.
This is the funny part.
The ironic thing is a closed-minded person won’t be able to tell whether or not they are closed-minded in the first place. …
My suggestion is, whenever possible, ask yourself: What’s the smallest possible footprint I can get away with? What is the smallest possible project that is worth my time? What is the smallest group of people who I could make a difference for, or to? Because smallest is achievable. Smallest feels risky. Because if you pick smallest and you fail, now you’ve really screwed up.
We want to pick big. Infinity is our friend. Infinity is safe. Infinity gives us a place to hide. So, I want to encourage people instead to look for the small.
– Seth Godin
If you’ve seen my past few posts you might know that lately I’ve been rereading Tools of Titans by Tim Ferriss and sharing some of the key learnings or “gems” I’ve taken away from it. …
When Tim asked Derek “what advice would you give to your 30-year-old self?”
Derek’s reply was a bit unusual to say the least: “don’t be a donkey.”
Naturally Tim asks him to explain and Sivers replies:
Well, I meet a lot of 30-year-olds who are trying to pursue many different directions at once, but not making progress in any, right? They get frustrated that the world wants them to pick one thing, because they want to do them all: ‘Why do I have to choose? I don’t know what to choose!’ …
Benjamin Disraeli once famously said:
Man is not the creature of circumstances; circumstances are the creatures of men.
It’s the difference between being a passive victim/passenger in life versus being proactive and focusing committed action towards changing your circumstances.
I think back to the past and for a long time I was guilty of this.
When the going got tough, whether it be financial difficulty, a job I didn’t like or any other form of stress, I often lapsed into bouts of self-pity.
I would blame my circumstances or the fact that I wasn’t born with a silver spoon.
“I wasn’t born in a rich…