how to get rich (without getting lucky)
before you crucify me for this
hear me out
a few years ago i came across this fascinating tweet storm by naval ravikant
he's the co-founder of AngelList & an investor in dozens of companies whose services you use every day
naval is one of the most brilliant people ive ever listened to
"you’re not going to get rich by renting out your time"
this single sentence had me nodding my head in complete captivation
here's the rest of his point:
"you must own equity — a piece of a business — to gain your financial freedom."
among all the points of his "tweet storm" this one...
changed my life.
my story, my career has happened step by step.
it started as me working for someone else.
being told how much i was worth and nothing more
then transitioned to working on commission.
being paid on performance but still with my time being directly attached
from there, i started my own business.
now i owned the pie, but i was still at my clients beck & call.
i was still trading my time for dollars.
when my life changed forever was when i started focusing on one single thing:
building assets
assets that paid me every single month
on autopilot
whether on a plane, sleeping, hitting golf balls, hanging out with my kids, or at the cinema
my assets paid me
every single month
for work that i did the week, month, or even years before
WHY THIS MATTERS
there's an unlimited amount of ways to make money
but there's a major difference between making money and getting rich
i dont know about you but i'm looking to get rich
rich being defined as being free
financial freedom, time freedom, & location freedom
if you're anything like me and you desire the same, you can't do it by renting out your time
even a doctor or a lawyer with a ridiculous hourly rate doesn't get rich renting out his/her time
dont believe me
go ask the ones that are truly rich
they are the ones that started a business and a brand that attracts other doctors to join & work for them
they are the ones who have developed some procedure or process that they monetize
they are the ones that create the software or the medical instrument that make other doctors lives easier
they are the ones who separate their money from their time
APPLICATION
whether or not you decide to become a digital real estate investor is irrelevant
the application of what im saying is universal
i challenge you to start viewing every decision for how you spend your time with the following lens:
"does this opportunity allow me to own equity, a piece of the business?"
if the answer is no, then simply dont do it
thats it
i started using this lens, this framework for decision making, 4 years ago.
ive stayed 100% true to it so far
the result?
you could say i've missed a few opportunities to make some really good cash
but i've spent 4 years building, buying, and creating assets
physical real estate, digital real estate, & equity in multiple businesses
assets that pay me every single month
on autopilot
these assets pay me over $100,000 per month
whether im working or not
and that my friends is the definition of being rich
& trust me, im just getting started
rank over. thats all for today.
now lets go get to work
ps: if you want to get started building digital real estate assets that pay you every single month, consider checking out the rank & rent academy. 15 mini courses, a weekly live with me, & a community of individuals building assets to become free.
join 250+ freedom seekers here.
as warren buffet said, learn how to make money while you sleep... or work till you die
