If you make $500k/yr but spend $500k a year, you aren't rich.
You're broke.
If you make $100k/yr but save + invest $50k/yr, you're well on your way to becoming rich.
2/ Dressing down instead of dressing up
This was one of the first things I noticed moving to LA.
The people who show up dressed to the 10s are usually the ones trying hardest to climb the social ladder.
The ones who show up in beach shorts and flip flops are multimillionaires.
3/ Listening more than speaking
Some people need to make their status known in every conversation. They name-drop celebrity friends, expensive vacation destinations, etc.
Others (usually far more successful than the person word-vomiting their social status) just listen.
4/ Building opportunities instead of buying luxuries
I love nice things (cars, watches, streetwear, sneakers, etc.).
But what's WAY cooler than any material object is using your money to BUILD things, take creative risks, invest in your friends, and help those less fortunate.
5/ Angel investing
I've learned that angel investing is 90% a social flex.
You want to say, "I invested in that company."
And that's dope.
You're using your money to support other founders, new ideas, and helping change the future.
Flex away.
6/ Choosing how you want to spend your time
This is, without question, the biggest flex in all of life.
The vast majority of people don't have agency owner their time.
They don't get to choose what they work on, when, or with whom.
Here's what we can learn from one of the most innovative food technology companies in America.
Campbell's Soup.
(Hint: Andy Warhol wasn't the reason.)
👇👇👇
100 years ago, The Campbell's Soup Company had a breakthrough.
For the first 30 years of being in business, they sold little else besides produce, canned tomatoes, vegetables, jellies, condiments, minced meats, and of course, soups.
Nothing "radically different."
Until, in 1895, a chemist within the company named John T. Dorrance came up with an idea.
If Campbell’s halved the water in each can, the business could produce and ship exponentially more soup (since the excess water was no longer needed)!
BitClout is creating a new category—most just don't see it yet.
As with any early-stage, radically different, boundary-pushing project, Twitter is already calling BitClout a "scammy" project, and a "Black Mirror episode" manifested.
Here's what I see instead 👇
1/ Quick TL;DR history
BitClout is a super-stealth blockchain project where people can buy, sell, and trade Creator Coins—coins that represent the perceived value of a creator.
- @elonmusk has a coin
- @chamath has a coin
- As of today, I have a coin
Anyone can have a coin.
2/ Rumor has it there are some pretty big players involved (I won't name names yet), and BitClout has srs VC backing.
Like most high-flying projects that catapult out of Silicon Valley's elite network, BitClout has also been built & launched in 100% stealth mode.
So, here are 7 actionable ways to achieve that goal to produce that outcome 👇🏼
1/ Create without expectation
People can sense your intentions. And if your intention is to “build an audience” to quickly extract ($$$) value, you will repel more than you attract.
Give generously. Expect little in return.
2/ Keep your promises
If you say you’re going to write something new every day, do it. Show up. Let your actions speak louder than your words/promises/public announcements.