Wonderful book talking about the 5 types of wealth (shocking I know), specifically time, financial, social, physical and mental. Love the concept of having different seasons of life where you will emphasis specific areas while others are on the back burner. Grinding on work to setup future life, kids in their golden years and emphasizing that over other things. Also how money is a means to furthering other types of wealth with intrinsic meaning rather than an end into and of itself.

Intro

Arrival fallacy - that once you get goal x you will finally be happy
imagine ideal day at 80.
- what are you doing, who are you with, how do you feel
- now reverse engineer what you need to do now
usually, time, people, purpose, health, money as an enabler but not the goal in and of itself
types of wealth
- time wealth,
  - you have control over how you spend your time. What you do and when
- social wealth
  - network for love, help, connection. Deep meaningful relationships and social ties
- mental wealth
  - purpose and meaning, growth and ability learning over time
- physical wealth
  - health, fitness, and vitality
- financial wealth - assets vs liability, with expectations and knowledge of enough

Life Razor

ideally has
- controllable, ripple creating, identity defining
ex: I will coach my son's sports teams
decision: ask how will of affect me from the lense of the life Razor Your true north
direction is more important than speed
goals and anti goals
- goal, mountain to summit in each section
- anti goals, what you absolutely don't want to sacrifice for your goal
  - flip problem on its head. What's the worst possible outcome
leverage and systems (your engine)
dimmer switches on these goals not binary on off
high level systems for maintenance of other systems while focusing on 1 or 2 main goals
tactical monthly corrections
- what really matters in my life, are goals aligned with this
- are current high leverage systems aligned with my goals, and are they high quality
- is my environment conducive to my anti goals
Quarterly reflection
- what is creating energy right now
- what is draining energy right now
- who are the boat anchors in my life (people who make my life harder)
- what am I avoiding because of fear

How many more moments do you have with your loved ones

graphs of time
lessons
- family time is finite, cherish it
- children time is precious, be present
- friend time is limited, prioritize the right ones
- partner time, find the right one
- CO worker time, ideally get energy
- alone time is abundant, love yourself
there will be a last time to do x, probably sooner than you think
let that idea motivate you to be present and enjoy things and prioritize things that really matter

A brief history of time

running faster and faster just to stay in place
- feelings like you're always behind and trying to run to keep up
attention residue
- the idea that some of your brain is still on task A even though you've moved on to takes B
- micro and macro both effect. (Email notifications or next major task)

The 3 pillars of time wealth

awareness
- fleeting time remaining
- understanding and appreciation of fleeting time
attention
- focus on things that truly matter
- scattered attention bad, focused attention good / more exponential in nature.
  - magnifying glass focus vs scattered light
- most important high leverage activities, projects, etc.
control
- allocate time according to priorities and values
- to much or too little free time is bad
- focused energy / attention means you can create time by doing things more efficiently.
  - extra time is yours to do whatever with
knowledge about each in order

Time wealth guide

time wealth hard reset: awareness
- amount of time left with people you have most
- name of friend or family, approximate number of times per year you see. Subtract older persons age from 80. Multiply number time per year
how to establish your baseline: energy calendar: awareness and attention
- for a week, color code each event you did. Energy creating, energy neutral, energy draining.
- zoom out, common activities of each type
- focus on green / do more of them
- natural activities should be delegated or maintained or out sourced
- draining should be deleted, outsourced / delegated or modified
  - possible to shift to neutral?
- slowly iterate and improve on the green to red ratio
how to establish priorities: two list exercise: awareness and attention
- top 25, then top 5. Then avoid the other 20 like the plague
- top professional and personal priorities lists. Top 3 - 5, greatest long term impact.
how to manage priorities: Eisenhower matrix: awareness and attention
- Urgent: prompt attention.
- Important: move the needle long term
- 2 by 2 grid. Urgent and not urgent. Important and not important.
- important and urgent - do now
- important and not urgent - spend more time on these. Plan. It compounds
- not important and not urgent - delete tasks
- not important and urgent - be ware tasks. Build systems to delegate these tasks.
how to simplify your todo system: index card: attention
- each night make index card for next day with 3 - 5 todos. Ideally move the needle long term
- in the morning start at the top and move down
- if you finish the 3 - 5 that is the win
- be conservative. We tend to over estimate.
how to eliminate time waste: Parkinson's law: attention
- time grows to fill the allotted slot
- we are more focused and more attentive to things when time constrained.
- make some artificial time constraints for more efficiency
- 1 - 3 hour focus blocks for things.
- batch dreaded minor life tasks into little finite blocks
- work like a lion, spring rest repeat
how to stop procrastinating: anti procrastination system: attention
- deconstruction - often a by product of intimidation. Break up the tasks into tiny bits
- plan and stake creation - plan for task with time bound, less ambitious,
- action - plan a sync session with friend, reward initial movement, commit to a 30 minute initial session followed by a lavished rest
- daily action
how to concentrate attention, flow state boot up, attention
- focused and undistracted work. Deep work
- 2 - 4 hours worked towards progressively
- boot up, actions and environmental queues to prompt flow state.
- build around 5 core sense
  - touch, taste, sight, hear, smell
- ex
  - walk or cold plunge
  - coffee
  - writing desk faces window with plants and art
  - Spotify essential
  - cedar wood candles
- should be actionable and repeatable
- maybe my sequence?
  - playing with rings? Take them all off and on a few times? Crack knuckles? Do some specific movement?
  - gum?
  - maybe a painting or image or something? Like I could have on my phone but also somewhere else?
  - Spotify song or painting plus YT video?
  - smell also gum? Can I smell the gum myself? Not sure
how to create time leverage: effective delegation: attention and control
- appropriate task profiling, delegate according to reversibility and risk
  - delegate with low over site, low risk, high reversibility
  - delegate with high over site, high risk, not reversible
- clear expectations for each tasks completion, timelines, risk profile, deliverables, feedback loops, use
  - ask them to repeat back the expectations in their own words to confirm understanding
- infinite feedback loops
  - constant iterative feedback loops
  - check in of x frequency to iterate
how to streamline commitments, the art of no, control
- yes damn affect. We tend to over estimate future time. This we say yes now and damn when the thing arrives
- tips
- for personally commitments, user the right now test. Like would I do this right now (today or tomorrow)
- professional commitments, 2 lists from earlier. Is it a priority or not. Is it a hell yeah opportunity. Assume the opportunity is twice as long and half as fulfilling would you still do it.
time blocking and types of professional control. Control
- he uses time blocking for professional time but doesn't for personal time.
- management
  - meetings, call, people management
- creation
  - writing, coding, building, etc
- consumption
  - new ideas, reading, listening, studying
- ideation
  - cultivate new ideas, brain storming, reflecting, journaling
- balance required. Look at mix colors in calendar when doing each thing
- tips
  - batch management time
    - 1 - 3 blocks to deal with meetings and emails and such
  - increase creation time
  - create space for consumption and ideation
energy creating time: control
- look at energy creating activities and people

Social wealth

who will be in the front row of your funeral
- what's the point of the big house if its not filled with love
uniquely social species
- who could you call in the middle of the night if you were sick or scared
- best predictor of health at 80 is social relationships at 50
the optimization trap
- moving for financial stuff, regretting the lack of friends and family's lost
- don't undervalue people. Issues with tax optimization and digital nomading and such
the days are long but the years are short, parents, kids and lost time
- the magic years 0 - 10 for kids
- you still have to roll model hard work on work for your kid, balance
- recognize trade offs, and maybe don't take those years that a kid is developing young for career development
- give your kids context on what you're doing for work and why and what it means
the 3 pillars of social wealth
- depth
  - fewer deeper bonds
  - front row people for your wedding or funeral
  - people you can call at 3 am when something going wrong
  - built on
    - honesty - sharing your truth and listening to theirs
    - support - sitting in the darkness during their struggles
    - shared experience - going through positive and negative experience together
  - can grow in existing relationships or build somewhere else new
  - needs consistency over a long period of time
- Breadth
  - a number of looser bonds to be connected to something beyond yourself and community
  - requires you to try new things and talk to others
  - Give freely with no expectation of anything in return
- earned status
  - earned status symbols for respect
  - you cannot buy real status.
  - you don't respect or admire people who have nice things. You like to imagine that other people will respect you, if you have them
  - to get around this, look at people you truly admire and what characteristics they have that create that
  - a fit body, a calm mind and a house full of love. These things cannot be bought, they must be earned.
  - earned status examples
    - freedom of how to use your time
    - healthy loving family energy from years of work
    - the mastery in a domain from years of effort
    - wisdom from loved experienced
    - the adaptive mind that comes from therapy, mindfulness and introspection
    - physique from years of clean eating and exercise
- needs will vary based on extroversion level
the social wealth guide
- anti goals
  - pursuit of financial goals to hurt my relationships
  - loosing connection to community
  - Chasing status symbols to climb the social ladder
- social wealth hacks I wish I knew at 22
  - happiness is not a destination but a direction
  - people are made for love, you can find something lovable in anyone
  - people who disagree can still have a loving relationship
  - love people not things
  - bad trade to be special rather than happy
    - working more instead of being with their kids
  - approach issues with your partner not as a me but a we
  - happiness requires generosity in love and to be open to being loved
  - talk to people unlike you
  - treat fighting like exercise (painful, but growthful)
  - focus and have intention with relationships. Like money or career style
  - love time horizon should be long
  - say exactly what you mean,
  - don't treat family as a 1 way atm
  - make friendship a means until itself not a means to an end
  - misery is contagious, don't spread
  - put on your own oxygen mask first
  - don't focus on looks and status in others, seek out kindness and faithfulness, or evidence there of
  - when you think something nice about someone, let them know
  - tell your partner something you appreciate about them every single day
  - if you're trying to make convo with people who intimidate you, ask what they're currently working on, listen intently, ask follow up questions.
  - when someone is going through hell, saying I'm with you is powerful. Be the darkest hour friend
  - video interview with parents, ask them questions about their hopes dreams and fears as well as childhoods
  - if your torn on a gift, send a book you love
  - never keep score in life
  - if you're about to take an emotion induced action, wait 24 hrs
  - stop trying to be interesting and be interested. Open up to the world and learn
  - in your 20's and 30's create a few wild stories worth telling
- relationship map, breadth and depth
  - 3 steps,
    - list core relationships
    - assess core relationships
      - is it supportive (care, love, understanding, respect and support), ambivalent (inconsistent) or demeaning(undermines someone else's self worth)?
      - is the interaction frequent or infrequent
      - actually the ambivalence is the worst
  - graph things. With frequency on the y and x as level of support
    - focus supportive relationships, invest more in the infrequent ones
    - ambivalent and frequent should be changed. Reduce frequency or change interaction
    - demeaning and frequent should be managed or removed
- how to navigate romantic relationships
  - most important person in terms of time over life
  - falling is easy, growing is hard
  - 2 rules
    - understand love languages
    - avoid the traps
      - critisms - personal attacks
        
        I instead of you. Focus on what you need
      - defensiveness - be accountable instead
        
        take accountability
      - contempt - disrespect and attacking character or core
        
        build culture of appreciation
      - stone walking - shutting down and avoiding engagement on the issues
        
        philological self soothing. Take a break and soothe
  - 500 years of wisdom
    - never keep score
    - maintain interests and passions outside of your partner
    - it can't always be 50%
    - never stop dating
    - no one has ever argued their way to happiness. Be in it together
    - take care of yourself -> list of daily needs for each of you. Do them
    - never involve non professional third parties
    - Spouse over birth family
    - complementarity, allow each other to lead on different areas
    - your love is yours, don't let others judging hurt you
- the life dinner, monthly ritual, depth
  - fixed monthly date, to reflect on relationships, personal and professional challenges and goals
  - recurring date, sacred monthly ritual
  - personal, professional, relational
  - reflect on prior months progress, challenges and future goals.
  - each chance to speak freely, before paired discussion
- how to improve relationship communication, helped, heard or hug
  - do you want to be helped, heard or hugged
- how to make conversation, breadth
  - create door knobs
    - ask questions that invite others to start telling a story
    - stop version - where did you get married
    - knob version - how did you decide on a wedding venue
    - examples
      - what are you most excited about right now. Personally or professionally
      - what was your favorite or least favorite thing about your home town
      - what's the origin of your name? Why did you parents give that to you
      - what is the most interesting thing you've read or learned recently
      - best movie or show recently and what made it compelling
      - what's been making you smile recently
      - how would you spend an entire day to yourself
      - what do you remember as some of the most formative moments of your life what made them so formative
      - what have you changed your mind about recently
      - dinner with 3 - 5 people from history, who and why
      - something you've purchased for little money that's made a big life difference
      - how do you unwind
      - kindest thing someone's done for you
  - be a loud listener
    - act to let speaker know they're being heard
      - nodding, saying yes, mhm
      - facial expressions, react to story
      - forward lean boys language. Don't turn away
  - repeat and follow
    - repeat key points back, then follow up with additional, insight, story or door knob question
    - shows engaged listening
  - make situational eye contact
- how to build new relationships, breadth
  - give with no intention of receiving in return
  - core 4 anti networking goals
    - put yourself in rooms of lots of people with similar values and interests
    - ask engaging questions
      - what's your connection to (current place or event)
      - What's excited about right now
      - what's favorite recent book
      - focus on being interested rather than interesting
    - be a level 2 and 3 listener
      - waiting to speak is bad
      - listen to learn
      - Us listening, build a map of them as a person
      - make mental notes
    - use creative follow ups
      - exit gracefully. It was so great meeting you I look forward to seeing you again soon
      - log mental notes and follow up soon.
      - send follow up content / gift. Relevant book plus hand written note or podcast or article or something
      - offer to connect them with other friend
- how to build a personal board of advisors, breadth
  - form a brain trust instead of a single mentor
  - 5 - 10 individuals
    - unbiased,
    - diverse,
    - willing to provided candid advice
    - what to see you win
  - talk to people in your professional and personal life for advice
  - always know they are appreciated. Notes and such
- how to build authority, public speaking guide. Earned status
  - pre event preparation. Tell a story, create a structure, make it explicit to audience
  - build Lego blocks, don't memorize, but practice key moments. Opening, transitions and punch lines.
  - Practice segments not sequentially
  - practice while walking or jogging. To simulate heart rate increase
  - study the best
    - identify 3 - 5 that you admire.
    - slow down speed and pay attention / take notes
    - take note of. Structure, volume dynamism, pacing words. Pauses and accelerations. Note movements and gestures. Note audience engagement.
  - pre stage preparation
    - address spotlight. People over estimate how much they pay attention to you
    - confront worst fears. You could stumble but the worst case isn't as bad as you think
  - create a character. In your mind who can nail the speech. Then become them.
    - think about them as a mentality, characteristics etc
  - sigh to get rid of stress
    - long inhale, short inhale, long exhale.
  - cute the tension
    - unexpected and funny to cut the tensions
    - early
  - play the lava game
    - think of pockets and torso as lava
    - big bold body opening gestures early
  - move purposely
    - move dramatically. Pause with body
    - move with intention
- how to play the right games, the status test. Earned status
  - assessment tools for status
    - would I buy this thing if I could not show anyone or tell anyone about it
    - could the richest person in the world acquire the thing I want by tomorrow

Mental Wealth

what would you your 10 year old self tell yourself today
- curiosity
- the real fountain of youth
- would they have express excitement or not at how you spend your time and do things and have fun
- wonder for the universe
a tale as old as time
- a fight against normalcy (defaulting to TV)
- finding that gives you meaning and purpose and pursing it
- To grow, change, learn and developed
- To find peace, calm and solitude
- whatever those mean to you
the 3 pillars of mental wealth
- purpose: your unique visions and focus, creates meaning and aligns short and long term
- growth: progress and change
- Space: stillness and solitude to rest and think
- purpose
  - praise for effort not intelligence
    - intelligence causes people to go after easier wins / challenges
    - effort causes people to work harder and go after challenges
  - we need believe that we can grow and change
- space
  - space to slow down and breath
  - can take many forms
    - meditation practice
    - free form journaling
    - Stretching between meetings
    - walk in the morning
    - Prayer
    - sauna
    - runs
mental wealth guide
- mental health hacks I wish I knew at 22
  - purpose doesn't have to be related to work or grand or ambitious
  - put self in the right lighting, solve problems, make art, think deeply
  - best talker != Best ideas
  - 1 creative project at a time, and do deeply
  - don't amass power but use well what you have
  - reflect on past don't dwell
  - neuro plasticity, your actions shape you, power
  - get better at anything, 30 minutes each day for 30 days
  - solitude matters
  - substance and critical thinking over presenting
  - teach what your trying to learn (exposes gaps in your knowledge)
  - take yourself out for a meal alone once a month, with a note pad and no phone and vibe
  - pain into beauty is a good artistic expression
  - stop trying to remember things, write down everything
  - gratuity practice
  - don't consume the news, unless you're confident it will matter a month from now
  - turn pain into creative process
  - re read the books that changed you and it will continue to change you
- how to find your purpose, ikigai
  - what you love, what you are good at and what your world needs. The overlapping
  - your world, could be family or community or the world at large. Depends on season
- pursuit map
  - follow your energy (not interest or passion)
  - x axis challengingness, Y axis energy givingness
  - think day to day work not grand ideas
  - experiment
  - typically avoid the energy draining things
  - things might become more energy creating as you get better. Litmus test, is this energy creating when at its best
  - time distribution, moving towards ideal
- how to learn anything, fienman technique
  - complexity and jargon mask lack of understanding
  - 4 steps
    - set stage: write down topic you want to learn about. Write everything you know
    - teach: attempt to teach the topic to someone who knows nothing. Must distill and simplify. Use simple language
    - assess and study: how well did you do. What questions did they ask. Where did you not know the answer
    - organize, convey and review: attach to a compelling narrative
- how to retain everything, spaced repetition
  - increasing intervals to put things into long term memory
- how to think differently, Socratic method
  - open ended questions, propose ideas based on questions, probe ideas with further questions
  - start asking question. What problem is the right problem.
  - propose current thinking, where does it come from, what assumptions baked in, be ruthless
  - understand consequences of being wrong
  - evaluate why alternatives might be better, ask same question here
  - zoom out, evaluate where / if your process needs modification
  - don't use on low cost easily reversible decisions
- unlocking new growth, the think day
  - 1 day, seclude self, no devices. Entire day, reading, learning and thinking / journaling
  - zoom out and think creatively about bigger picture
  - journal, thinking prompts, articles / books you've wanted to get to
  - thinking prompts
    - if I repeated my typical day for 100 days, would life even better or worse
    - of people observed my week, what would they say my priorities are
    - if I were the main character in the movie of my life what would the audience be screaming at me to do right now
    - am I hunting big important problems or small urgent ones. Antelope vs field mice
    - how can I do less but better
    - what are my strongest beliefs, what would it take to change my mind on them
    - what are things I know now that I wish I knew 5 years ago
    - what actions did I engage in 5 years ago that I cringe at
    - what actions am I engaged in that I might cringe at in 5 years
    - 8 hr window with 60 minute blocks and walks in between
- how to create new space, the power walk
  - taking a walk
  - science shows walking helps with thinking
  - daily walk is good
- how to build clear boundaries, power down ritual
  - ritual to end professional day
  - ex
    - check email, tasks for tomorrow, 15 minutes prep for tomorrow. Power off all work stuff
  - benefits
    - clear boundaries, more engagement with both sides
    - feel better I'm evening
    - easier to start tomorrow
  - key elements
    - complete final tasks
    - prep for tomorrow
    - initiate power down, mental trigger
- how to improve mental health, 111 journaling method - 5 min is good enough for benefits - 3 simple points. - 1 point of gratitude, win, tension - simple and low friction

Physical wealth

will you be dancing at 80th birthday party
the story of our lesser world
- most of the industry is BS
- sleep, movement daily, whole unprocessed foods ideally as a foundation for the whole 80/20 thing
3 pillars of physical wealth
- daily movement,
  - cardio
    - arobic - slow and steady
    - anaerobic - high intensity
  - strength
  - stability and flexibility
  - levels
    - 1: move for 30 min a day
    - 2: 1 plus, 1 or 2 cardio and weight sessions a week
    - 3: 2 doubles plus flexibility and mobility
- nutrition
  - whole unprocessed foods
  - overall caloric intake
  - macro nutrients
    - proteins, carbs, fats,
    - prioritize protein
    - focus on cleanliness of source
      - minimum number of ingredients
  - micronutrients (vitamins)
  - hydration
  - levels
    - 1: 80% of the time, whole foods
    - 2: 90%, 0.8 protein, water
    - 3: 95%, 0.8 protein, supplements, water
- recovery
  - high quality sleep
  - ideal
    - 7 - 8 hours
    - consistent sleep and wake times
    - dark
    - Cool
    - quiet
    - routine to wind down
    - morning sunlight
  - levels
    - 1: 7 - 8
    - 2: 1 plus optimized environment
    - 3: 2 plus, sunlight changes and such
- execute consistently at level 1 in each area and then move up towards 3
physical wealth guide
- 30 day challenge
  - jump start daily practice
  - choose level, track on spreadsheet
  - accountability partner
- science backed morning routine, winning the day
  - fixed wake up time on week day and weekend. Place phone further away from bed
  - hydrate, morning hydration
  - move, when you get up in the morning. Can be easy, just get things moving
  - get outside, light and air and nature are good. Leave phone at home
  - start day with 2 hrs of work on most important task. Decide night before
- the movement plan
- common sense diet
  - eat well most 80 to 90 of the time, eat whole unprocessed foods
  - stop before you're stuffed
  - make sure to get enough protein. 0.8 per pound
  - avoid foods that make you feel poor
  - lots of water
  - veggies and fruits at every meal
  - find a frequency that works for you
  - don't take diet so seriously that you miss out on experiences
- a pro sleeper
  - regular schedule, even on weekend
  - morning sunlight
  - control sleep environment, cool and dark
  - avoid food right before bed
  - avoid liquids before bed
  - avoid caffeine before bed, 8 hrs
  - avoid alcohol
  - bed time routine
  - avoid screens before bed
- how to promote calm, breathing protocols
  - stress types
    - low stress for recovery,
    - mild stress for thought and setup
    - high stress for creates shut down
  - breathing methods
    - 478 method
      - in through nose for 4, hold for 7 out for 8
    - lions breath
      - sit on floor, with little lean and hands on floor, inhale through nose, stick tongue out and down to chin, exhale forcefully with ha sound
    - physiological sigh
      - inhale through nose fully, then quickly beyond just a bit. Then exhale through mouth until natural end. Repeat 2 - 3 times

Financial wealth

the big question, what is your definition of enough
3 pillars of financial wealth
- income generation and expense management
  - gap between them
  - build skill, leverage skills,
  - manage expenses to live well within means. Create and stick to budget, auto savings, rainy day fund, expectation managements (don't let them grow too much)
- long term investment
  - don't interrupt compounding unnecessarily
  - compound interest
  - time is the most important part of the equation
  - stocks or low cost diversified funds, buy and hold diversified fun and don't worry about it
  - start early
- 5 levels
  - baseline met
  - baseline + modest pleasures accessible
  - baseline not top of mind + compounding, significant pleasures available
  - most reasonable pleasure available, assets start to create income that cover some lifestyle expenses. Moderate financial independence
  - all pleasures available, passive income over lifestyle expenses.
- financial wealth doesn't solve your problems, just changes what problems focus on
  - start to question your purposes and who you are and such
- by product of your expectations, $ for each level are unique to you
financial wealth guide
- how to define your enough life
  - prompts
    - where do you live
    - what characteristics of living space
    - whom do you live with or near
    - what's a average Tuesday like
    - what do you have that brings joy
    - flexibility to spend money on?
    - how much cushion
- financial wealth hacks
  - frugality is spend on what you love and cutting on what you don't
  - don't obsess about little money focus on big money. Investment returns, asset fees, mortgage rates, not coffee prices
  - emergency funds
  - Goal to save x / of income and invest x / of income
  - treat credit card as debit card
  - Always plan ahead
  - buy high end and keep for a long time
  - treat everything like a test. Pick a thing, then track usage and write a reminder to check back in a few months to review options and switch
  - frugal with self and generous with others
  - if it's too good to be true, it probably is
  - index funds 90% of portfolio
  - jargon from sellers is a no go sign
  - stay invested, don't panic sell
  - set money rules for self
  - Negotiate bills down with a phone call - call them, say Im.a great customer and I would hate to leave for a simple money issue, what can you do for me to lower my rates?
  - 30 days to think about any impulse buys
  - conscious spender, not cheap spender. Thing of the value of something. Lowest price on most things but high cost on things you really care about
  - fight for simplicity in your finances
  - the way you feel about money has nothing to do with how much money you have.
- 7 pieces of career advice from starting out
  - specificity trap with most advice
  - best advice is general principles
    - create value, receive value
    - swallow the frog - eat it first thing in the morning - do it for your boss
    - do the old fashion things well. Eye contact, do what you say you will, good posture, kind, be on time, confident handshake
    - work hard first, then smart later. Earn your leverage
    - build story telling skills. Data in, story out
    - reputation for figuring it out.
    - dive through every cracked open door
    - focus attention and energy on what's in your control
- 6 marketable meta skills to build for high income future
  - skills used for your engine
  - best are those usable broadly across most places
  - sales
  - story telling - narrative with data
  - design
  - writing - writing to think and concise writing
  - software engineering
  - data science - analyse and leverage data
  - these are versatile
- 7 basic principles of expense management
  - create a budget (have a plan), track performance and have cushion
  - automate savings
  - treat credit cards like cash - pay off in full every month
  - rainy day fund - 6 months of expenses, don't touch unless absolutely necessary
  - budget for fun and experiences
  - plan ahead - large purchases, weddings, cars, vacations
  - manage expectations as a liability - don't let them inflate materially, especially early in life as time is important
  - expenses will grow due to inflation, want to make sure your income is growing faster
- 8 best investment assets for long term
  - stocks - ownership in underlying business.
    - pros - easy to trade, high long term compounding
    - cons - high volatility
  - bonds - load from investment to borrower, with payments made on a time schedule
    - vary in risk based on underlying borrower
    - low overall volatility
    - lower returns
    - safety with gov bonds
  - investment properties
    - potential for hight average returns given leverage profile
    - low liquidity
    - High effort
  - real estate investment trusts
    - manage properties, and pay out to people
    - high returns
    - high volitity like a stocks
    - Drawn done during certain times
  - farm land
    - inflation resistance, low principle risk
    - low liquidity
  - small businesses and startups
    - high income potential
    - high time / effort investment
  - royalty's - copyright use and payed
    - no correlation to traditional assets
    - steady income with mid to high returns
    - cons high fees, sudden shifts in income due to tastes
  - your own products
    - time intensive, no guarantee, high likely hood of failure
    - outsized return potential
- the return on risk to hassle spectrum
  - risk adjustment should be relevant but also the hassle as well
- never think twice about investments in yourself
  - books, personal investment, sleep, exercise,
  - bias is to ignore other types of wealth besides financial

;

The 5 Types of Wealth

Sahil Bloom