Thread by @itsKostasOnFIRE

The Equation To Create Wealth in 9 Steps

Use It And Change Your Life

/THREAD/

1. Add Location

Wealth creation is like real estate. Location matters

Find a place with

• Big network
• Many opportunities
• Constant innovation

There is a reason people were moving to SF for years and are now moving to Miami

2. Subtract Friction

The internet and unlimited information allows you to find opportunities without living in a big business hub

• Leverage social media
• Get into e-commerce
• Sell digital products

That way you reduce the location friction and can make money from anywhere

3. Add Skills

Skills pay the bills

Make sure you acquire high-paying skills on high demand

• Sales
• Coding
• Analytics
• Copywriting
• Digital Marketing
• Cloud management

These will help you buy your ticket to financial freedom

4. Multiply By Focus

Avoid multitasking and focus on things that are

• Important
• Impactful
• Valuable

Use the 80/20 rule and devote 20% of your time to the tasks that will yield 80% of the results

Then double down on them

5. Multiply By Preparation

Make sure you are prepared for any future opportunities

• Improve your skills
• Expand your network
• Increase your discipline

Luck is when opportunity meets preparation

6. Subtract Dopamine

Avoid consuming social media content just to get short-term pleasure and instant gratification

Be an active creator, not a passive consumer

Delay gratification and you will be definitely rewarded

7. Add Discipline

Talent and intelligence will lead you nowhere without consistency and discipline

Show up every day even when you don't feel like it

Manage your investments without being influenced by others and stick to your plan

8. Multiply By Diversification

Diversify your

• Investment portfolio
• Income sources
• Network

Never put all your eggs in one basket

9. Raise In The Power Of Time

Use the power of compounding for your

• Life
• Skills
• Knowledge
• Investments

Success is the compounding of your daily habits

To Summarize:

1. Add Location
2. Subtract Friction
3. Add Skills
4. Multiply By Focus
5. Multiply By Preparation
6. Subtract Dopamine
7. Add Discipline
8. Multiply By Diversification
9. Raise In The Power Of Time

Use this equation and skyrocket your life and wealth
/END/

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