Most poor people don't leverage. Trying to get everything done yourself will limit you to only how much you can do.
Get more hands working for you, and find a way to pay or show them what's in it for them.
8 rules the top play by that those at the bottom should adopt.
— Thread
(requested by followers)
Most poor people don't leverage. Trying to get everything done yourself will limit you to only how much you can do.
Get more hands working for you, and find a way to pay or show them what's in it for them.
When doing business, poor people would require collateral from strangers, but excuse those close to them because they *trust* them.
That's how you get scammed.
The unspoken rule is to know your safety net whenever you're not taking collateral.
Never need to trust.
Never seen a very successful businessman say "This is not a good thing, it's evil."
It's either good for business or bad for business. Its either effective or ineffective.
Morality will only limit you.
Expecting someone to help you because you helped them in the past is ludicrous.
If you're no longer useful to them, people have no reason to help you.
"Whenever you see water flowing upstream it means someone it repaying a kindness."
— 48 Laws Of Power
If you're taking responsibility you should also have authority.
If you've been good for long, it's time to be bad.
If someone is starting to feel entitled to what's yours, it's time to show them who the owner is.
Avoid being put in a particular role.
Most wish life was easier and everybody was straightforward.
Stop being one of most.
Being direct and straightforward may seem like a virtue, it's not. That's just laziness.
Learn to get your way without having to resort to this.
Read 48 Laws Of Power
More from Life
1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
