How to get rich before it’s too late

203 snips

Jul 30, 2024

In this engaging discussion, Andrew Wilkinson, a Canadian entrepreneur and founder of successful companies like Metalab and Tiny, shares key insights from his journey. He emphasizes the importance of delegation and learning from failures, highlighting how resilience shapes success. Andrew dives into the significance of treating people with kindness and maintaining strong relationships for true happiness. He also reflects on the challenges of fame and the balance between ambition and contentment in a fast-paced world, all while advocating for the power of curiosity and mentorship.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ADVICE

Learn From the Rich

Find successful people and ask them questions.
Try to apply their answers in your own pursuits.

INSIGHT

The Paradox of Business

The best business opportunities often lie in unsexy industries.
Avoid glamorous businesses with high competition.

ADVICE

Simple Business Models

Focus on simple, high-certainty businesses with low overhead.
Analyze business models thoroughly before investing.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Never Enough

The Neuroscience and Experience of Addiction

Judith Grisel

In *Never Enough*, Judith Grisel draws on her personal journey as a recovering addict and her extensive research as a neuroscientist to reveal the intricate science behind addiction. The book delves into how drugs affect the brain, the changes that occur with chronic use, and the hidden personality traits that addiction can expose. Grisel emphasizes that the 'cure' for addiction may not lie in individual brains but in how we interact with our communities. The book offers a compassionate and clear look at the roles drugs play in our lives and provides new insights into solving the epidemic of addiction.

How to Get Rich

Felix Dennis

In 'How to Get Rich,' Felix Dennis shares his insights and experiences on building wealth. The book is distinct from other self-help or get-rich-quick guides as it emphasizes the importance of hard work, calculated risks, and ownership. Dennis discusses the necessity of execution over great ideas, the role of luck, and the need to overcome fear and embarrassment of failure. He also highlights the importance of maintaining control over one's business and the sacrifices required to achieve significant wealth. The book is known for its blunt and practical advice, reflecting Dennis's own journey from a college dropout to a multi-millionaire[2][4][5].

The E-myth

why most businesses don't work and what to do about it

Michael E. Gerber

The E-Myth Revisited by Michael E. Gerber dispels the myths about starting your own business, highlighting that most small business owners are not true entrepreneurs but rather technicians skilled in their trade. Gerber introduces the concept of the 'E-Myth' and explains that business owners must embody three key roles: the Entrepreneur (the visionary), the Manager (the organizer), and the Technician (the doer). The book emphasizes the distinction between working 'on' your business and working 'in' your business, and provides practical advice on building systems and processes to ensure a business can run independently of its owner.

The Laws of Human Nature

Robert Greene

In 'The Laws of Human Nature,' Robert Greene delves into the complexities of human behavior, identifying 18 laws that govern our actions and motivations. Drawing from historical figures such as Pericles, Queen Elizabeth I, and Martin Luther King Jr., Greene provides insights into how to detach from emotions, master self-control, develop empathy, and see beyond people's masks. The book is designed to help readers become better judges of character, manage their thought patterns, and influence others more effectively. It emphasizes the importance of self-awareness and understanding one's own flaws to make better decisions in personal and professional life[2][3][4].

Triumphs of experience

George Vaillant

This book follows the men of the Harvard Grant Study into their nineties, documenting their experiences and providing insights into what contributes to a fulfilling life. It highlights the importance of relationships, coping strategies, and personal growth in achieving happiness and well-being.