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.
Understand Leverage: Use leverage to amplify your efforts. This can be through labor (people working for you), capital (money working for you), or code and media (software and content working for you).
Productize Yourself: Create products or businesses that can scale with minimal effort. This could be software, books, videos, or other scalable assets.
Learn to Sell and Build: If you can build and sell, you will be unstoppable. Building (coding, designing, etc.) and selling (marketing, negotiating, etc.) are crucial skills.
Happiness and Mindfulness
Learn to Love and Enjoy Solitude: Spend time alone to reflect, think, and understand yourself. Solitude is where the mind can be free to explore.
Desire is a Contract You Make with Yourself to Be Unhappy Until You Get What You Want: Reduce desires to increase happiness. Focus on contentment and being present rather than constantly seeking more.
Happiness is a Skill: Work on happiness like you would any skill. This involves meditation, mindfulness, gratitude, and reframing your thoughts.
Health, Wealth, and Wisdom: Balance your life across these three domains. Invest in your health, seek financial independence, and pursue lifelong learning.
Personal Development
Play Long-Term Games with Long-Term People: Choose partners and colleagues who you trust and respect. Long-term relationships build compounding benefits.
Read and Learn Constantly: Cultivate a habit of reading and learning. Knowledge compounds over time and opens new opportunities.
Find Your Specific Knowledge: Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else and replace you. Find what you uniquely enjoy and excel at.
Escape Competition Through Authenticity: Compete on authenticity. No one can beat you at being yourself.
Practical Wisdom
Ignore Unsolicited Advice: Most advice is context-specific and may not apply to your unique situation. Filter advice through your understanding of your own goals and circumstances.
Optimize for Independence and Autonomy: Seek freedom and autonomy in your work and personal life. This often leads to greater satisfaction and creativity.
Live Below Your Means: Financial freedom is achieved by controlling your expenses and saving diligently. Avoid lifestyle inflation.
Stay Healthy: Physical health is foundational. Exercise regularly, eat well, and get enough sleep.