How To Get Rich Faster & Be Successful

Julio Froment

Hey friend,

Here’s the best content I found over the last 2 weeks 😛

📚 Best Book Passage

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This passage is from the book Hackers and Painters, written by Paul Graham

"Someone graduating from college thinks, and is told, that he needs to get a job, as if the important thing were becoming a member of an institution. A more direct way to put it would be: you need to start doing something people want. You don’t need to join a company to do that. All a company is is a group of people working together to do something people want. It’s doing something people want that matters, not joining the group. For most people the best plan probably is to go to work for some existing company. But it is a good idea to understand what’s happening when you do this. A job means doing something people want, averaged together with everyone else in that company.

If you want to go faster, it’s a problem to have your work tangled together with a large number of other people’s. In a large group, your performance is not separately measurable—and the rest of the group slows you down."

- Paul Graham

📱 Best Blogpost Passage

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This passage is from the blogpost "How to be Successful", written by Sam Altman. (Thanks @coder_rc for the recommendation!)

You get rich by owning things

The biggest economic misunderstanding of my childhood was that people got rich from high salaries. Though there are some exceptions—entertainers for example —almost no one in the history of the Forbes list has gotten there with a salary.

You get truly rich by owning things that increase rapidly in value.

This can be a piece of a business, real estate, natural resource, intellectual property, or other similar things. But somehow or other, you need to own equity in something, instead of just selling your time. Time only scales linearly.

The best way to make things that increase rapidly in value is by making things people want at scale.

- Sam Altman (link to his blogpost)

🪺 Best of Twitter (in 📸 pictures)

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📺 YouTube 1-minute Clips

✦ Tim Ferriss - Be Your Own Category

Wishing you a lovely weekend!!

Julio ❣️