Action Academy | Replace The Job You Hate With A Life You Love How To Decide "What Work" To Work On ( An Extremely Important Question To Answer)
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Dec 27, 2024 Discover the importance of selecting the right work for a fulfilling life. Learn how to navigate the sea of opportunities by avoiding 'shiny object syndrome.' Delve into strategies for identifying projects that align with your strengths and passions. Emphasize the power of curiosity in your career choices. Explore unique paths that ignite excitement and drive meaningful achievements. This engaging conversation blends practical advice with personal stories to inspire listeners on their journey to impactful work.
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What to Work on: Job vs. Entrepreneurship
- If you have a job, the decision of what to work on is easy: you do the work you're paid to do.
- Entrepreneurs face a more challenging question: what work should I do when nobody tells me what to do?
Single-Family vs. Apartments
- Two individuals with identical resources pursue real estate: one focuses on single-family homes (BRRRR method), the other on apartments.
- After three years, the apartment investor has significantly more units, equity, cash flow, and expertise, highlighting the importance of choosing the right asset class.
Follow the Wealthy
- Emulate the wealthiest individuals by starting with their preferred asset classes: private equity or commercial real estate.
- This long-term strategy leads to exponential growth not typically seen with smaller-scale approaches.