I've written before about making small bets, but I want to dive into that a
little more today.
Many of my business ideas so far have been really big.
They've been things that I could easily picture scaling to my ultimate goal of
total passive income without changing or pivoting at all. I thought...Read more →I've been writing a lot publicly, which has led to a lot less writing in
private. I feel that my thinking has become limited in scope as a result.
Writing privately, my thoughts meander. I don't put effort into writing
concisely, or spend time forming each sentence into a coherent point. I don't
feel...Read more →Robert Kiyosaki has a great point in Rich Dad, Poor Dad: "you become what you
study."
If I spend too much time thinking about money, I'll be left with money as my
sole interest.
I think it's really important to balance out my study of real estate and
investment with study of other things that...Read more →I'll keep this post short, because I'm still reading Rich Dad, Poor Dad, and
it's late.
One more critical realization I've had is the difference between making money
and building wealth.
Making money usually happens when you work hourly, and you stop getting money
when you stop working.
Building wealth happens when you invest the money...Read more →I'm reading Rich Dad, Poor Dad right now. It's one of the most frequently
recommended books by successful real estate investors that I've seen, so I
thought it'd be worth a shot.
Very insightful book. I'm only forty seven pages in right now, but it's already
prompted an interesting realization. It's about how I...Read more →I read recently in a discussion on IDEs over on Hacker News that rather than
using a particular piece of software, one engineer considered the entire Unix
system as his IDE. This idea totally blew my mind.
Since then I've installed Linux and started using it as my daily driver, gotten
set up with...Read more →Having a solid sleep schedule has proven to be the most important thing I can
possibly do for my productivity.
If I'm getting up early, at the same time every day, I get lots of work done.
I'll wake up, make my coffee, get my morning prayers and spiritual reading in,
have a workout,...Read more →Perhaps my most important learning of 2020 was "make small bets".
The idea of making many small bets totally transformed the way I think about
business ideas.
As Seth pointed out in his blog post from January 1st, 2021:
> ...consider a portfolio of projects. Some of them have a very high likelihood of
working...Read more →It's tempting to think that success must be effortless, because I am constantly
exposed to success stories, but rarely hear about the effort that goes into
them.
This is due to the combination of human nature and social media. We like to talk
about our successes, and don't like to talk about our failures....Read more →I had a very interesting discussion with my brother earlier today about reason
versus intuition – when each can be used when evaluating a business decision,
and how useful they are.
His position is that reason is very useful, but that it's dangerous to succumb
to the allure of believing that reason can be...Read more →The only way to get money is to try to get money. But the act of trying to get
money can lead me to doing things that I don't enjoy, am not good at, and so
can't make money doing because I'm not good at them... even though that's the
primary reason I'm...Read more →I already wrote about concision
[https://elliotbonneville.com/the-virtue-of-concision/] recently, but I've been
continuing to notice a strong temptation to write longer posts, as if the value
I get from writing these posts and the value you get from reading them is
directly proportional to word count and reading time.
I really need to internalize that the point...Read more →