5 ms·
Ask HN: What is the best effective possesion one can have now?
It can be of asset, liquid funds, objects, stocks, IPs, Knowledge.
- qull 4y agoMindset. Imagine you are made destitute and thrown on the street. Even without connections, a former billionare will rise faster and easier than someone used to poverty. Knowledge is secondary and requires that same mindset to make use of. Of course money alone doesn't grant the mindset, but those with it seem to rub off and consider things differently. Such as Creating Wealth rather than Looking for a Job or handout.
- chiefalchemist 4y agoTo your point (kinda), about knowledge. I have a phrase I like to use: Understanding Is Power. I believe it aligns better with mindset. Knowledge is collecting money. Understanding (or mindset if you will) is investing that money to achieve interest. The key is, interest , as we know, compounds.
- rrwo 4y ago> Even without connections, a former billionare will rise faster and easier than someone used to poverty That's nonsense. If a billionaire ended up destitute and anonymous without their connections, living in the street, they'd lack a lot of the knowledge about survival that many poor people have. The only thing going for them might be if they are manipulative psychopaths and can get other people to do things for them. But I don't don't see how that is any better morally than getting a ”handout”. Seriously, if you are living on the street with only the clothes on your back, how are you going to "create wealth"?
- p0d 4y agoAgreed. I saw a video once were a Maasia tribes person was sucking water from the ground without touching the water, so not to infect the water supply. I'd like to see how a few billionaires fair at that level of survival. One task you can't get others to do for you :-)
- pmohun 4y agohttp://www.paulgraham.com/wealth.html http://www.paulgraham.com/wealth.html
- ananiochita 4y agoHealth. And it's increasingly harder and harder.
- p0d 4y agoKnowledge of how to overcome unnecessary worry.
- noud 4y ago...and are you willing to share that knowledge?
- cpach 4y agoFor me, using the Headspace app to learn mindfulness/meditation helped a lot. https://www.headspace.com/ https://www.headspace.com/ YMMV. (There are probably good books that teaches the same things, but I’m afraid I have no specific titles to recommend.)
- pfortuny 4y agoExactly. Peace of mind. Now and ever.
- DeathArrow 4y agoHealth.
- factorialboy 4y agoHealth.
- cpach 4y agoWell, first you probably need to state what your goal is…?
- yuppie_scum 4y agoA towel.
- helph67 4y agoKnow the odds, this should be a starting point https://en.wikipedia.org/wiki/Pareto_principle https://en.wikipedia.org/wiki/Pareto_principle You will find it applies to most life experiences.
- joshxyz 4y agohealth. everything else comes secondary.
- mejutoco 4y agoIMHO, discounting health, a fully paid home where you can live.
- cpach 4y agoThis. It doesn’t even need to be a big house. An apartment/condo that you own can be just fine (depending on family situation etc).
- f0e4c2f7 4y agoAn array of solar panels large enough to charge your home and electric car as well as a battery backup.
- K0balt 4y agoEffective, secure Shelter that you own and control.
- menshiki 4y agoAccess to a decent healthcare coverage.