Stop romanticizing the grind. The goal was never to work hard forever. The goal was to work hard long enough to build something that works without you. Hustle is the entrance fee. Ownership is the destination.
A paycheck is permission to survive. Equity is permission to live. Stop celebrating the raise. Start demanding the stake. The wealthy don't work for income — they work for ownership. Everything else is just a well-paying trap.
Every dollar you make needs a job. Imagine you have a fully grown adult living in your house not contributing to anything just sitting on your couch everyday. They could be out earning. That’s what your money is doing if it isn’t in the stock market, real estate, gold or Bitcoin. Send that money to work. Money should earn money. 💵
To become wealthy, you must become an owner, not a consumer
- own stocks
- own real estate
- own businesses
Here's a step-by-step action plan to own each one:
Automatic dollar-cost averaging into broad index funds for 30+ years doesn’t “help” you retire rich; it practically guarantees it, if you have the discipline to stick with it.
10 things I wish my younger self knew:
1. Don't take advice from people you don't want to become.
2. Open a Roth IRA and contribute consistently.
3. Be patience with investments and aggressive with increasing income.
4. Stick with 3-5 ETFs max for 80% and 3-5 stocks with 20% of your portfolio.
5. Pay off credit cards monthly.
6. Invest in your body and health.
7. Invest in healthy relationships.
8. Cut off relationships holding you back.
9. Build a financial system so every dollar you make has a job.
10. Automate the system so you get richer while living life.
90% of millionaires get there by:
- Investing in rental properties
- Buying index funds through 401k's
- Owning a home they pay off early
- Living way below their means
- Keeping plenty of cash at all times
Invest money in:
• Your health
• Your business
• Your retirement
Invest time in:
• Your network
• Your education
• Your well-being
Consistently invest in things that improve your life.
If you want to build real wealth, just do the boring things well:
• Buy proven cash flow
• Hire people smarter than you
• Say no to bad deals
• Let GMs run the day-to-day
• Keep acquiring
Few people do this.
It will never go out of style.