Hey friends, happy Sunday - I hope you're having a great week!
A short and sweet Sunday Filter this week!
Bet on yourself
You should take more risks.
More specifically you should take risks that have the potential for exponential upside and limited downside.
These types of risks seem illogical to most people. They require upfront work with no guarantee of a return.
So instead most people follow the crowd, they do unambitious things because they are 'safe' and wonder why they get unambitious results.
But the type of risks you should take all have 1 thing in common, they are controlled by you.
You're not gambling, you're not betting on others. You're betting on yourself.
Because when you bet on yourself you start compounding your skills, network and income.
What's fascinating about betting on yourself is that even when you lose, you win.
You gain new skills and experiences bringing more confidence to whatever you do next.
Bet on yourself every time.
I.
Become obsessed with the process, not the result.
II.
Your self-talk matters most.
Before you can help others you need to focus on helping yourself.
Making $1m before 20: This is great thread on the mindset that helped Val Katayev make $1m before 20 and $100m just after 30.
He makes an interesting point on not caring what other people think because most people think in a herd-like way.
Breaking Smart: How Software is Eating the World: This book is fascinating, Venkatesh Rao has some really interesting views on the future of work and how we can “break smart” by adapting intelligently to new technological possibilities.
Should you die with zero?: The idea of dying with zero is an interesting one. The book makes some interesting points around spending your money earlier in life. But as Nick Maggiulli points out in the article, dying with zero is not as easy as it’d seem.
“Ultimately, dying with zero is no easy task, but dying with closer to zero seems like a worthy goal that we should all strive for.”
END NOTE
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Have a fantastic week!
- Stephen
