Life Truths from a 100 years old

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Lessons I learned from "Rich Dad, Poor Dad"

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1. Put your money to work

You cannot get rich with your money in savings account,

Invest it in appreciating assets.

2. Amount of money retained matters

It is not the amount of money you make,

It's the amount of money you keep that matters.

3. Acquire assets

Rich people acquire assets while poor accumulates liabilities,

Your choices will determine your fate.

4. You are not born to work for others for lifetime

Most people consider this slavery as their life,

Completely forgetting the life possible beyond that.

Biggest Regrets: Lessons from a 100 Years Old

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1. You will regret not choosing your life partner carefully

Take the time to get to know someone before committing.

Make sure the person is the right one.

2. You will regret not spending time with loved ones

You feel more stressed,

When you don't spend enough with people you love.

Don't pursue professional life at cost of personal life.

3. You will regret not traveling enough

Travel when you’re able to.

It opens new perspectives of life for you.

4. You will regret settling in a condition you hate

Our human lives are very finite.

It's not so cheap to spend somewhere you hate.

Money Myths: Busting the lies you believe

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1. Wealth Building is mostly luck.

"I was born poor, So I can't die rich,

Millionaires just inherit their wealth"

Remember, 80% millionaires are first-generation millionaires.

2. Banks are your saviors

Banks are not there to protect your money,

Rather they lend your money to make more money.

Bank is a business model for them, not a service for you.

3. Investing in markets is too risky

$SPX price raised by 4,000% since 1980.

In long run, Stock market is money-making machine.

Don't be afraid to invest, afraid to money eaten up by inflation.

4. Looking rich will make you rich

What's the use of a Lambo purchased on debt to look rich?

Looking rich will make you poor from inside.

Only spend what you can afford comfortably.

Want to rewire your Brain?

Read books, 3 hours daily for next 1,000 days

How to Network: Must read for shy people

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1. Start with Whom You Know

Start slow by networking with relatives and friends.

Once you gain some courage, you can expand to strangers too.

2. Put on a Happy Face

SMILE

This is such a basic rule yet people just don't think about it.

3. Listen to be Heard

Everyone wants to talk about themselves.

If you are shy, be a good listener.

If you let them speak, they will remember it as a great conversation

4. Say their Name

People like to hear their own names.

Calling them by their name would make them more comfortable.

Convo between @tferriss & @naval on modern loneliness:

Naval: In India there's this concept of the extended family where you basically live with your tribe at all times, so when we were young, at our grandmother's place with my aunts, my uncles, my cousins, my grandparents,

everyone was there, and it was a warm night so we went out to the backyard and put all these comforters and these little cots out and everyone would sleep in this giant pile with fifteen people underneath the stars...

it was amazing...so there's two things that were great about it: the noise level didn't bother you, if someone's foot was in your face it didn't bother you. When it's family and you're young it all just works and you feel very safe and very happy.

Another thing is that it reinforces how important the tribe is. Modern society gives us incredible flexibility in that we can get away from our crazy family members, we're not destined to die where we are born or to do what our parents did. So we have incredible freedom.

But coming with it is this tremendous loneliness that we try to cover up either through drugs, alcohol, partying, even trying to find a mission like putting people on mars. But the reality is that a lot of that loneliness comes from being disconnected from growing up in your

I think I'm giving up on mainstream marketing content.

I'm giving up on social media consumption too.

So little substance.

Need to devote more time doing. More time creating.

Who needs another "5 ways to boost growth" post? I click and am disappointed every time. Not again.

I don't want to poop on content marketing, but marketers need to step it up.

Or at least, founders need to know that doing something is not always better than doing nothing.

Why is content marketing not as effective as it used to be? An innumerable amount of factors...

But one things for damn sure.

Things have to change.

Two of the chief sins:
1. Unoriginal research/story/study/etc
2. Not having anything more to add that's meaningful

Why blog/podcast/vlog/etc about something that's already been said? Already been done?

Do we really need another interview with founder of x hot startup? Do we really need another ultimate guide about facebook ads?

Not all content is like this...

Sometimes, you get an occasional piece that truly leaves you better off than you were before. That doesn't make you want to skim.

An original case study. A first time interview with a founder. An honest account of an experiment. An explanation of a change, shift, or realization.

8 rules the top play by that those at the bottom should adopt.

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(requested by followers)

1. Leverage

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.

2. Trust

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.

3. Morality

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.

4. Reciprocity

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

10 Common Money Myths

That Could be Costing you $1,000's

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1. YOLO

It's true that you only live once.

It's NOT true that you should:

- Live in debt
- Work until you die
- Live paycheck to paycheck

What you can do is:

- Live in the moment
- Save for your future
- Start investing today

Balance is the key.

YOLO is not.

2. LLC's are for the rich

You don't have to earn $100,000s to form an LLC.

An LLC:

- Offers tax advantages
- Limits personal liability
- Avoids double taxation

If you have a business and want to earn money, then it's time to consider forming an LLC.

3. I'll be Poor Forever

What you believe determines your future.

The journey to wealth won't be easy.
If it were easy, everyone would be wealthy.

Getting there will take:

- Discipline
- Hard work
- Consistency
- Determination

Change your mindset, Change your reality.

4. Buying a House is Better than Renting

Homeownership means:

- Less flexibility
- High upfront costs
- Long term commitment
- Unexpected additional costs

This may not work for your personal situation.

Make sure you’re financially and emotionally fit to make a home purchase.

Dear Jaime,

3 years ago your voice was silenced. I sent you and your brother to school to safely learn. I rushed you out the door that morning never expecting what would happen next. A school shooting!!! You were 14 and only a freshman in High School.

(1,11)

(2,11) Your brother Jesse survived…you did not.

You are on my mind every second of every minute of every day. I constantly relive your last seconds in my mind. Did you suffer? I will never know, but I fear that you did. Did I do enough to protect you?

(3,11) The answer is… No!!! I did not… and for that I will carry guilt for the rest of my life. My voice was not fighting the evil of gun violence before it was my daughter and for that I am sorry.

Today you should be a senior in school. We should be celebrating love.

(4,11) We should be looking at your senior pictures with you, watching you excitedly apply to colleges and helping you decide where to go. We should be excitedly looking forward to prom and I should be thinking about the advice I want to give you at graduation.

(5,11) While I am so happy to see all of your friends have these experiences, it breaks my soul to know that you are not part of that. Mom, Jesse and I won’t be able to watch you experience this with them. Every time I see posts with senior photos and college acceptances,