I like to say that frugality has bought my freedom. Frugality is important after all because a savings rate is the primary indicator of how short (or how long) it will take us to reach financial independence. But, frugality is only the first factor that affects your savings rate. The second factor is your income. To [Continue Reading]
Your Team: The Main Ingredient of Stardom
Entrepreneurship, investing, and life can become lonely roads. It’s easy to feel like we have the weight of the world on our individual shoulders. That’s why I love reminders from great teachers like hall of fame basketball coach John Wooden, who said “The main ingredient of stardom is the rest of your team.” No matter what [Continue Reading]
Beginner’s Mind: Be Dumb and Persistent
It is possible to be too smart. Knowing too much can lead you to focus on all of the reasons why something won’t, can’t, and shouldn’t work. Many great human breakthroughs have come from persistent, curious people who maintained the openness of a beginner. This is also called a beginner’s mind. The Beginner’s Mind and Genius of Elon [Continue Reading]
The Secret of the Loftiest Dreams and Tallest Skyscrapers
“If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.” Henry David Thoreau Have you ever marveled at the sheer audacity of tall skyscrapers? Isn’t it amazing that buildings can soar so high into the air? As of 2015 [Continue Reading]
Gazelle Intensity: Entrepreneurs Wake-up and Start Running
“Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion, or it will be killed. Every morning, a lion wakes up. It knows it must outrun the slowest gazelle, or it will starve to death. It doesn’t matter whether you’re a lion or gazelle. When the sun [Continue Reading]
What Is Success? An Uncommon Definition From John Wooden
“Success is peace of mind that is the direct result of self-satisfaction in knowing you did your best to become the best that you are capable of becoming.” John Wooden, Wooden Success. What an important yet fuzzy concept. What does success mean to you? Is it a certain amount of money in the bank? Is [Continue Reading]