1. Start
‣
‣
2. Choose Your Path
- Choose Investing and/or Entrepreneurship as the cornerstones of your path to wealth.
- Know what to focus on (Investing/Entrepreneurship).
3. Develop Your “Zone of Genius”
- “Zone of Genius” = Intersection of your talents, passions, and the value you’re able to provide to society.
- Both in your job or as an entrepreneur, developing your “zone of genius” and operating in it as much as possible is crucial.
- Because in it you provide the maximum amount of unique value to society.
- How much value you bring to society, determines how wealthy you can get.
- It’s also essential for your happiness and fulfillment in life 🧘
4. Execute
- Don’t overwhelm yourself. Break down the necessary steps on each path into achievable subunits - lump and slice 🔪 (how?).
- Win without talent or luck (how?).
‣
5. Hold Course & Let Compounding Work
“Play iterated games. All returns in life, whether in wealth, relationships, or knowledge, come from compound interest.” - Naval Ravikant
6. Build Generational Wealth & Give Back
- If you have children, teach them the foundations of wealth creation 👪
- Be a role model in all aspects regarding wealth creation.
- Teach them the importance of personal growth & life-long learning.
- Have open conversations about money.
- Teach your children about managing and investing money wisely.
- Give back 🤝
- Even though it might not feel this way, success on each path doesn’t solely depend on you.
- Success on your wealth journey often depends on many factors that are dependent on other people and/or are influenced by luck or your circumstances.
- Sharing the fruits of your wealth creation with others in need and helping others along the way is a decent way to appreciate this fact. Give back.