My Honest Advice to Someone Who Wants to Make A Lot of Money
Dec 4, 2024
auto_awesome
Delve into the real keys to financial success, starting with the idea that creating value is essential. Forget quick fixes; consistent effort and hard work are what's truly rewarding. Explore practical strategies for financial independence, including managing expectations and living within your means. Learn how likability can impact your business journey and the importance of intentional living. Tune in for honest insights that challenge common misconceptions about wealth!
Creating value by solving problems is essential for financial success, as wealth stems from what one provides to others.
Evolving from time management to energy management is crucial as careers progress, emphasizing smart work alongside hard work.
Deep dives
Creating Value as the Key to Wealth
To achieve significant financial success, focusing on creating value is paramount. Money is not given freely; it is earned through the value one provides to others. This involves identifying and solving problems for customers, colleagues, or any relevant parties, which can lead to substantial monetary rewards. The essential takeaway is that true wealth stems from consistently delivering value rather than seeking shortcuts or easy solutions.
The Shift from Time to Energy
As individuals progress in their careers, the perception of valuable assets evolves from time to energy. In the early stages, time serves as the primary resource for developing skills and knowledge, but as one grows, effective energy management becomes crucial. Prioritizing significant tasks and opportunities while leveraging existing skills and networks allows for greater impact. The balance between hard work and smart work becomes fundamental for sustained success.
The Importance of Excellence and Reliability
Demonstrating excellence in every task is essential for career advancement and financial growth. Whether working for oneself or within an organization, consistently high performance can open doors to promotions and higher income. Moreover, being reliable and capable of solving problems makes an individual a valuable asset in any professional setting. Building a reputation for dependability and excellence ultimately leads to greater opportunities and respect in one's industry.
I see a lot of bad advice out there when it comes to how to do that—most of it trying to sell you on the easy way to make money.
This piece is my attempt to offer some good in a sea of bad: My honest advice to someone who wants to make a lot of money.
A sampling of the advice: The only way to make a lot of money is to create a lot of value, there's no such thing as making it, "doing your own thing" isn't for everyone, and salesmanship is more valuable than intelligence. Read the full piece for more!
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode