SharingValue

Leverage. Value. Creating.
Inspired by @jackbutcher

[SharingValue @SharingValue1]

@Medium https://t.co/oNHF2olo6q

[schmaynes @schmaynes]

"Be authentic" is common advice given to people trying to find their niche.

What is authenticity?

To be authentic is to be:

- real
- original
- genuine

Authenticity is a lie.

People say they want authenticity, but they don't.

Consistency is the key.

//THREAD//

[schmaynes @schmaynes]

Seth Godin was on @TKPPodcast this week where he discussed:

- what are sunk costs?
- how/why do we rationalize sunk costs?

To understand sunk costs he told two stories:

1/ how sunk costs hold us back
2/ how sunk costs propel us forward

THREAD

@ThisIsSethsBlog @shaneparrish

[@jackbutcher @jackbutcher]

It’s a beautiful day to stop doing the 80% of things that make no difference.

[@jackbutcher @jackbutcher]

Divorce your time and income: (thread)

[@jackbutcher @jackbutcher]

Imagine a world where you could package your expertise into a portfolio of digital assets that work for you around the clock.

No need, you already live here.

[@jackbutcher @jackbutcher]

The difference between linear and exponential outcomes:

Working in the system vs. working on the system.

[@jackbutcher @jackbutcher]

Oversubscribed.

[schmaynes @schmaynes]

The upside down pyramid for getting rich

- Commit of don't commit. No half measures.
- Cut loose from all negative influences.
- Choose the right mountain.
- Fear nothing.
- Go!

Felix Dennis

[@jackbutcher @jackbutcher]

It doesn’t matter what the market is doing if you make your own market.

[schmaynes @schmaynes]

The only three reasons for not attempting to become rich are:

- I do not wish to be rich.
- I am too stupid to try and get rich.
- I wish to be rich but I have other priorities.

(h/t) Felix Dennis

[schmaynes @schmaynes]

Best follows for investing:

- @awealthofcs
- @morganhousel
- @pmarca
- @patrick_oshag
- @JonahLupton
- @SeifelCapital
- @Beth_Kindig
- @chetanp
- @OphirGottlieb
- @10kdiver
- @InvestmentTalkk
- @dollarsanddata
- @hhhypergrowth
- @TMFJMo
- @jaminball
- @BrianFeroldi

[Justin Mikolay 🛰️ @jmikolay]

A distillation of what @naval said on Clubhouse last night:

[schmaynes @schmaynes]

If you seek money because you think you can't be happy without it and think of the chase as meaningful, you won't succeed.

You have to be determined to become wealthy.

But you must appreciate the absurdity of the chase.

It shouldn't be the be-all-end-all.

[schmaynes @schmaynes]

Felix Dennis was raised by his grandparents in a house with no electricity or indoor bathroom.

He passed away in 2014 with a net worth between $400M and $900M.

Dennis made his money in magazine publishing.

Here are his 8 secrets to getting rich.

🧵👇

[schmaynes @schmaynes]

“In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time—none. Zero."

Charlie Munger

[schmaynes @schmaynes]

Become the best in the world at what you do. Keep redefining what you do until this is true.

@naval

[schmaynes @schmaynes]

@The_MMW Make $1 on the internet.

@jackbutcher

[schmaynes @schmaynes]

Everywhere, at each moment, you have the option:

- to accept this event with humility (will)
- to treat this person as he should be treated (action)
- to approach this thought with care, so that nothing irrational creeps in (perception)

Marcus Aurelius