Asset Creation for a Lifetime.

Dimitrios Gourtzilidis
Feb 1 · 6 min read

This blog is dedicated to investing, the answer to how can effectively use our financial resources to cover our needs, better our lives, and plan for the future.

This article, hopefully, will help us think of different ways in which we can start from zero and put fuel into our investments. We will start with a tabula rasa and think of ways to work our way up. Everyone has “assets”. Something of value that can trade for financial resources, which will later be used to fuel investments.

1. The asset of time.

In this time given to us, we can produce and contribute to the economy in all sorts of ways, and thus convert our time into some sort of a fiscal resource, like paper money. The principle here is that when we educate ourselves we make us more “productive” inside the economy. With knowledge and skills, we solve problems and cover needs.

The spooky death clock.

Of course, there is no way of predicting the future and that's just a funny gimmick, but when we live our everyday lives we do not think that there is a certain threshold after which we will no longer be on this planet. It put things into perspective.

http://www.deathclock.com/ — A website that “calculates” our life expectancy.

Link: https://www.timeanddate.com/date/duration.html

The 10.000 hours principle

When we achieve that threshold then we can consider ourselves “master” of this particular craft. After that, we are ready to trade the knowledge we’ve acquired to solve problems in the economy and trade the time spend for fiscal resources.

Books like “The 4-Hour Chef by Tim Ferriss”, and “The First 20 Hours by Josh Kaufman” can help you develop your personal learning process.

Software applications like Obsidian, from https://obsidian.md/, can help you manage your knowledge.

Of course, anybody can, will, and must not follow this path. These are suggestions and templates to create perspective in our life. Think of it as a brainstorm.

Lessons from these books..

  1. This mastery can be later traded for fiscal resources.

End products..

  • Life optimization.

2. The asset of intellect.

We can use these experiences, mastery, and knowledge and capitalize upon them. We can create patents, copyrighted assets, and other intellectual property, which could later be licensed and could be traded for fiscal assets with a help of a legal expert.

Lessons..

End products..

  • Copyrights
  • Skills
  • Knowledge
  • Experience

Of course, I am not a physician nor my studies have anything to do with human anatomy and brain mechanics. These are my personal learnings deriving from my personal interest and curiosity.

3. The asset of attention.

Gary has a common theme in all of his books, how and why everybody needs to turn his or her passion into a career. It is important for the economy when it’s participants giving their time-resource on their passion. That way we will get more Edisons, Musks, Gates, Picassos, etc. This is one of the biggest themes of this book. Gary says that everyone needs to follow their DNA. Every single one of us needs to leave doing what they hate as a job or gig and start doing what we love.

By communicating these ideas we help other businesses that want to advertise their products. Advertisers will always look for opportunities to market their products, so we are doing them a favor when we create content. Plus you are getting paid to talk about what you love.

The author also mentions that it is a must to develop our own brand as a product or service provider, self-employed, or employee. This is when we want to stay relevant and competitive. A personal brand can help even the job seekers and the people that would never think that would work as a freelancer. A single tweet and everybody will know if you are up to for a new job, and since they trust your online brand, they will be more than happy to give you a call.

“There are enough people in the world to be interested in the stuff you love and you dedicate time in.”

Living our passion is the goal, the hustle is the way to reach our dream life, storytelling is our tool, and authenticity, honesty, and patience must be our attributes. If there is a phrase we can keep from his books, this is (in my opinion at least) the one.

Lessons from his books..

  1. Culture and Passion expressed according to DNA
  2. Authenticity and Honesty
  3. Storytelling
  4. Legacy over Currency
  5. Patience!

End products..

  • Digital Goods, Courses, eBooks, etc.
  • Online Service Businesses

4. The asset of land.

Purchasing land and building real estate properties, putting solar collectors on it and sell electrical power, or using it for agricultural purposes, will do the trick. Just have in mind that land is an asset and can be used in a thousand ways to produce fiscal resources.

Lessons..

End products..

  • Buildings
  • Energy producing parks
  • .. and so many more!

5. The asset of financial power.

All the above assets in our lives can be converted into fiscal resources, and those can be used to fuel our investment capabilities.

Lessons..

End products..

  • Financial instruments / Portfolio

Sources

  1. Crushing It! by Gary Vaynerchuk
  2. #AskGaryVee by Gary Vaynerchuk
  3. Jab, Jab, Jab Right Hook by Gary Vaynerchuk
  4. The Thank You Economy by Gary Vaynerchuk
  5. Crush It! by Gary Vaynerchuk
  6. Outliers by Malcolm Gladwell
  7. Mastery by Robert Greene
  8. The 4-Hour Chef by Tim Ferriss
  9. The First 20 Hours by Josh Kaufman

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Dimitrios Gourtzilidis

Written by

I write about trading the markets and finance in general.

Curious

Curious

A community of people who are curious to find out what others have already figured out // Curious is a new personal growth publication by The Startup (https://medium.com/swlh).

Dimitrios Gourtzilidis

Written by

I write about trading the markets and finance in general.

Curious

Curious

A community of people who are curious to find out what others have already figured out // Curious is a new personal growth publication by The Startup (https://medium.com/swlh).

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