Link: (Pt. 1)
“There is only one thing that makes a dream impossible to achieve: the fear of failure” – The Alchemist, Paulo Coelho
As of 5/14/17
- Age: 25
- Net Worth: 30,000
As of 2/7/17
- Age: 26
- Net Worth: 60,000
Thoughts from the past 8 months:
- The path to wealth is not working for someone else / in a corporation. Bringing products of value to fruition leads to true wealth.
- If you bring something novel and useful to this world, something people need that they didn’t even know they needed, you will be handsomely rewarded both monetarily and spiritually.
- My net worth has doubled, driven by favorable market movement, but I find myself drawn less toward a specific number and more toward fulfilling a purpose.
- I’m shifting my focus from what to why. To quote Benjamin Hardy’s terrific article on Medium:
You get to decide right now.
Your vision should be based on your why, not so much your what.
Your why is your reason, your what is how that is manifest. And your “what” can happen in a ton of different ways. For example, my why is to help people get clarity on the life they want to live, and to help them achieve their goals as quickly as possible. My what could be blogging, parenting, being a student, going out to dinner, and several other things.
Too many people think creating a vision is about nailing down exactly what they want in the next 20 years. The problem with this mega long-term approach to goal setting is that it actually slows your potential.
Instead of having a pre-set plan of what he wants to do, Tim Ferriss executes on 3-6 month experiments that he’s currently excited about. He told Darren Hardy in an interview that he has no clue what the outcome of his experiments might be. So there’s no point in making long-term plans. He has no clue what doors will open up, and he wants to be open to the best possibilities.
But his why doesn’t change.
When you are proactively creating and collaborating with many different people, the whole becomes different and better than the sum of its parts. This is why you can’t plan for everything. Because at the highest level, you’ve transcended your need to have things exactly how you want them. You know that with the help of other people, you can do things 10X, 100X, or 1000X bigger and better than you could ever conceive on your own.
Rather than expecting a particular outcome, you are completely confident that the best outcome will ensue. This is how you create and contribute beyond anything you could ever comprehend. Collaboration and synergy lead to new innovations and ultimately, human evolution. It’s how the old and outdated rules are redefined and replaced with new and better ones, thus changing the global environment.
My “why” is to use technology to help people improve their lives and continually move toward a better version of themselves.
I am still drawn to the goal of having a net worth of $1,000,000 before 30, but that goal is now less relevant/important from eight months ago.
To close, I couldn’t have said it better than Jim Rohn did here:
“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.” — Jim Rohn
Thanks for reading. I’ve listed the books I’ve read, will read, and am reading right now below.
- The Subtle Art Of Not Giving A F*ck – Mark Manson
- Good to Great – Jim Collins
- Drive – Daniel H. Pink
- The 4 Hour Work Week – Tim Ferris
- The Alchemist – Paulo Coehlo
- Reminisces of a Stock Operator – Edwin Lefevre
- The Disciplined Trader – Mark Douglas
- Mastering The Trade – John F. Carter
- The Intelligent Investor – Benjamin Graham
- Money: Master The Game – Tony Robbins
- Unshakeable – Tony Robbins
- More Money Than God – Sebastian Mallaby
- Principles – Ray Dalio (read 1/2, found book repetitive)