If you’re under 35 try consider replacing all resolutions with equivalent make-more-money resolutions. Examples: Exercise more = +10k for a 3x/week personal trainer Eat better = +10-60k more for eating out at salad places/exec chef Learn stuff = +5k-15k for personal coach
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I’d need a million dollars today to achieve level of leverage I could have gotten with 100k in 2010. This is why for the average person, financial leverage drops with age. But we fixate on CEOs and entrepreneurs who buck that trend by making $-leverage faster than they are aging.
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For financially average people like me, you fall behind on that game, and solving problems with money stops being an option, because you’re not efficient enough as a cost structure to achieve much with the surplus you have. So do it while you still can.
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Counterintuitive but yes. That exec attention is more cdluable elsewhere when young and it’ll take a bigger, out-of-reach surplus to achieve similar reallocation efficiency when you’re older. Plus doing it when young installs stronger habits for later.https://twitter.com/_donny_dude/status/1212464168374358016?s=21 …
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tldr get rich young if you can. It’s both easier and more valuable.
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Why does leverage drop with age? Because of less time left for investments in your core abilities to compound?
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Lots of factors but that’s the net effect
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