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I would be easy if it was that easy. Being productive is important, though. The Billionaire Fastlane, however, will tell you that you need a broader view to co

by hoc 4y ago

I would be easy if it was that easy. Being productive is important, though. The Billionaire Fastlane, however, will tell you that you need a broader view to come up with a great idea. After all the (healthy) idea behind learning and information aggregation in the first place would be that you learn all that stuff to be better prepared towards taking the right (intelligent and educated) actions. So there might be an individual balance that you have to find/develop and keep up. The trivial solutions at the edges never seem to satisfy.

agentwiggles 4y ago
That's a good point! I didn't mean to imply that the book says that dedication to learning or producing is enough in and of itself. Just to say that one of the things I agreed with in the book is that it's better to be a producer than a consumer. Overall, I enjoyed the book, and thought some of the advice in there was really good. One thing I thought was valuable was something I think you're getting at in your post - which is that ideas that have the potential to make big money quickly have a combination of scale and reach and magnitude. As a younger guy, I thought that the way people got rich was to get a good job and save lots of money (think doctor, lawyer, engineer). But as I entered the workforce I started to understand that actual rich people I encountered almost exclusively got wealthy through owning or being pretty high up in a business. One thing that reading Millionaire Fastlane helped me crystallize is that serious wealth creation isn't an inherent property of all businesses, and that plenty of self owned businesses don't pay as well as a regular job, and even create more work for their owners than a job would. And that businesses that can create real wealth (read: "can make someone rich") have to have that scale and reach. Overall I felt the read was worth my time, even if there are some things about it that I didn't love.

by hoc 4y ago

agentwiggles 4y ago

That's a good point! I didn't mean to imply that the book says that dedication to learning or producing is enough in and of itself. Just to say that one of the things I agreed with in the book is that it's better to be a producer than a consumer. Overall, I enjoyed the book, and thought some of the advice in there was really good. One thing I thought was valuable was something I think you're getting at in your post - which is that ideas that have the potential to make big money quickly have a combination of scale and reach and magnitude. As a younger guy, I thought that the way people got rich was to get a good job and save lots of money (think doctor, lawyer, engineer). But as I entered the workforce I started to understand that actual rich people I encountered almost exclusively got wealthy through owning or being pretty high up in a business. One thing that reading Millionaire Fastlane helped me crystallize is that serious wealth creation isn't an inherent property of all businesses, and that plenty of self owned businesses don't pay as well as a regular job, and even create more work for their owners than a job would. And that businesses that can create real wealth (read: "can make someone rich") have to have that scale and reach. Overall I felt the read was worth my time, even if there are some things about it that I didn't love.