9 Beliefs That Built My Ultra High Net Worth Got Me To $121M By Age 31
The best thing to do with money is constantly spend it to acquire more skills. That is the best use of money because information is the only thing that helps you get from point A to B faster.
You are your best resource so absorb as many skills as possible and and you will be much more capable of earning.
Each skill that you learn as you progress further down the education pathway becomes disproportionally more impactful.
Discernment is the greatest skill because you need to eventually learn everything, but the skills is knowing what you need to learn and when.
The only time it begins to make investments is when you have so much cash in excess that even when you are aggressively pursuing the acquisition of skills you have money that you need to know what to do with.
I really like the bamboo proverb.
Basically, it takes bamboo 3-5 years to break the surface of the ground, but once it has broken the surface it grows 60 feet in 3 months.
Bamboo grows deep roots first knowing that growth will come slowly, but that once it comes it will be very fast.
This is how and why skill stacking works.
He advices to not delegate anything for as long as possible. This is controversial advice in a lot of ways because many people argue to delegate as soon as you can. But Alex’s philosophy is very different than most other people’s because he has the wisdom to know that the genuine aim is to develop yourself and your craft. That is the meta skill and game we should all be playing.
Less things makes more money.
Many entrepreneurs are undisciplined in their approach to life. they are interested in many things and indulge those interests. If you want to be really great you just keep doing the same things that has been successful in the past over and over again and continually get better at it.
The process of doing the same thing and getting better and more sought after looks like this:
Get so many clients you can’t take anymore, then increase prices… over and over again.