“What does it take to be successful here?” This is a great question to ask in any job interview. It engages the interviewer and gets you a detailed response. The magic of this question is that if someone gives you guidance, they will watch to see if you follow their advice and have a peronal stake in seeing you succeed.
Economic engines should serve the humanity, not vice versa. Many world leaders are ignoring this key principle and making policies that are making humanity suffer, citing economic reasons.
These leaders have forgotten the origin of the economic engine and understanding of why we created these engines in the first place. As an individual, it is time to pause and ponder about our current life position. We need to understand that role of money is to enhance our well-being and not the other way around.
Wealth (Financial well-being) is one of the three main pillars for living a great life. Other two pillars being Health and Relationships. People realize the importance of wealth in crisis and COVID had definitely made people realize that. If your wealth pillar is not strong, I recommend people to read Robert Kiyasaki’s books which explains things in easy to understand language. Below are some key points from his book “Rich Dad’s Increase Your Financial IQ: Get Smarter with Your Money”
If you don’t want to be poor then you would never be poor. This is a dialogue from Johnny Depp starer movie “Blow” that frequently comes to my mind when I think about money.
I probably watched this movie a decade ago and haven’t rewatched it, but the essence of the dialogue has stayed.
In the movie scene, a boy tells his father that “he doesn’t want to be poor” and the dad responds with above dialogue.
When people talk or complain about being broke, not having enough money , being poor etc. The main reason is that they never thought or wanted to be rich.
You can do a simple experiment, ask 10 of your friends/family member about what do they want monetarily in their life and you would be surprised..
With volatility in current stock market, people are wondering whether it’s a good time to invest. Below are some good websites offering newsletters that could be beneficial for market research before making the call.
Listening to a podcast from Naval Ravikant, I am thinking about some of the points mentioned regarding people’s quest to be unique. Uniqueness is lost as soon as two people learn to do the same thing. People should work on developing specific knowledge to become irreplaceable.
Scott Adams recommends people to develop 3 skills (the you are naturally good at) and be in the top 25% percentile in each of them. By doing that you develop a combination which makes you exceptionally valuable.
I highly recommend Naval’s podcast to anyone who is looking for some clarity in understanding basic principles of entrepreneurship, finding mentors, co-founders and believe in long term game.