Dreams come true!
(For people who take massive action for an extended period of time without becoming distracted by shiny objects and who become the type of people worth of them).
A message for friends of entrepreneurs:
Don’t buy them a present.
Buy their product and leave a nice review or tell them why it wasn’t good enough to deserve it (an even better gift).
No one needs more stuff.
Everyone could use more support.
You can tell how much money an entrepreneur makes by looking at how they spend their time.
Your calendar is your budget for your most limited resource.
Patience, honesty, leadership, consistency, focus.
They aren’t traits, they’re skills.
We stop teaching them to children then we’re surprised adults don’t have them.
If it can be learned, it is a skill.
7. The people who make six figures are less likely to become millionaires. The mentality? “I have so much money, I don’t have to stress about being poor.”
Some financial research on society crossing my mind lately:
1. Roughly 70% of Americans are broke and live paycheck to paycheck.
2. CEO’s with a degree earn less revenue and lifetime income than those without a degree according to Financial Times.
5. $1 million is the normal goal. But it can’t buy you everything that most millionaires have.
6. Kim Kardashian made more money than 99.9% of HBS graduates, but her college application NEVER would’ve been looked at.
You make more buying an asset that’s dropped 80% than buying one that grew 100%.
It just doesn’t feel that way.
And the markets transfer wealth from people who don’t feel that way to people who do.
Beware of people who tell you what you “should” do.
All “shoulds” have an implied “if” statement that many leave out.
And often it’s “if you want to live your life the way I do, you should do what I say”
And most times, you probably don’t, so you shouldn’t.
How I do business with friends:
Operate as though we arent friends. And if the deal’s still good, then I get both a good deal, and to do it with a friend.
The alternative is - you do a bad deal with a good friend. And that turns rapidly into a bad deal with a “former” friend.