Most Important Concepts:

• Wealth is assets that work for you even when you're not working. Money is a medium of exchange. Status is a zero-sum game and should be avoided.
• Act on inspiration when it strikes and live fully in the present moment.

Action Points for Me:

Chapter Recap:

Part 1: Wealth - How to get rich without getting lucky

Building wealth - Making money is not a thing you do, it’s a skill you learn.

• Getting rich is about knowing what to do, who to do it with, and when to do it.
• Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
• Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
• Ignore people playing status games.
• You’re not going to get rich by renting out your time.
• You will get rich by giving society what it wants but does not yet know how to get. At scale.
• Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
• Learn to sell. Learn to build. If you can do both, you will be unstoppable.
• Become the best in the world at what you do. Keep redefining what you do until this is true.

Find and build specific knowledge

Play long-term games with long-term people

Take on accountability

Build or buy equity in a business