A YouTuber I follow (Andrew Kirby) has linked to an interesting “twitter storm” with tips on getting rich by a successful investor Naval Ravikant. I had a look and found these tips very insightful. I did not hear about most of them until now, but I think they explain well the moderate success that I had so far. So I’m posting the link to a copy of the twitter storm, maybe it can be an inspiration to someone.
Some of the tips, to give you a taste:
Seek wealth, not money or status. Wealth is having assets that earn while you sleep.
Of course this is some mustachian 101 knowledge. I can add that I never went the way of following a career, to get a higher position at a company, with more responsibility, just for the sake of it.
Arm yourself with specific knowledge, accountability, and leverage.
This applies very well to my work. I learned a banking system in&out, gained accountability through freelancing, and achieved leverage through writing software that is executed thousands of times a day.
Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.
That’s exactly what I do.
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
I really like this tip and I think it’s true.