For a lot of people, the subject of money is an uncomfortable one. People tend to think wanting it is unsavory, having it makes you evil and making it means taking advantage of others.
Nothing could be further from the truth. If you really want to get woo-woo about the topic of money, working hard and fairly and having a positive mindset about finances can make you wealthy and that attracts even more wealth. With wealth, you gain freedom. And, with this freedom, there’s no limit to how many people you can help or causes you can support.
But…where to start?
Twitter user Naval created a thread with wisdom about how to unblock yourself when it comes to money. Scroll through them and start to see your own potential for gaining wealth, freedom and happiness.
Part One
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
— Naval (@naval) May 31, 2018
Part Two
You’re not going to get rich renting out your time. You must own equity – a piece of a business – to gain your financial freedom.
— Naval (@naval) May 31, 2018
Part Three
Pick an industry where you can play long term games with long term people.
— Naval (@naval) May 31, 2018
Part Four
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
— Naval (@naval) May 31, 2018
Part Five
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.
— Naval (@naval) May 31, 2018
Part Six
Arm yourself with specific knowledge, accountability, and leverage.
— Naval (@naval) May 31, 2018
Part Seven
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
— Naval (@naval) May 31, 2018
Part Eight
When specific knowledge is taught, it’s through apprenticeships, not schools.
— Naval (@naval) May 31, 2018
Part Nine
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
— Naval (@naval) May 31, 2018
Part Ten
“Give me a lever long enough, and a place to stand, and I will move the earth.”
– Archimedes— Naval (@naval) May 31, 2018
Part Eleven
Capital means money. To raise money, apply your specific knowledge, with accountability, and show resulting good judgment.
— Naval (@naval) May 31, 2018
Part Twelve
Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you.
— Naval (@naval) May 31, 2018
Part Thirteen
An army of robots is freely available – it's just packed in data centers for heat and space efficiency. Use it.
— Naval (@naval) May 31, 2018
Part Fourteen
Leverage is a force multiplier for your judgement.
— Naval (@naval) May 31, 2018
Part Fifteen
There is no skill called “business.” Avoid business magazines and business classes.
— Naval (@naval) May 31, 2018
To start thinking about wealth in these ways is revolutionary. Can we boil it down to this? Think of something that really interests you and that you can do—a passion you’ll never tire of. Build on it. Teach yourself how to sell it. Automate systems. Amass your wealth AND your freedom.
But, first, you have to allow yourself to want it!
What strategies have worked for you? Let us know in the comments…
The post Here’s an Informative Twitter Thread About How to Get Rich appeared first on UberFacts.