If you are unhappy with your job, it is time to do something about it.

Where do you start?
And -- more importantly -- how to build more options?

A thread:

👇👇
1/A very quick story about me:

- I started my career working with a non-profit organisation.
- While the work was great, I was just making INR 10K a month.
- This was bad, really bad. I could not even meet my everyday expenses.

My first step was to cultivate more options.
2/I had done well on the GMAT in college, so I started a small side tutoring business.

Every month, I used to get 1-2 private clients.

This 'side gig' helped me make 5X the money, I was making from my regular job.
3/Important lesson: I was not trying to build the next Google.

I thought small. But, more importantly I STARTED.

Big ideas help you make 0 money. Small ideas can still help you make some (in fact in my case a lot) money.
4/This brief phase in my life left me with a very important lesson:

No matter what you do, always keep building something on the side. No matter how small.
5/ Using this philosophy: I built a series of small digital businesses (admissions consulting, management consulting, startup advisory, content writing etc)

These were all cash flow rich businesses right from day one. No debt and in most cases, I owned 100% of the businesses.
6/Over the years, I got an opportunity to work with top-tier firms.

My goal at these firms was simple: learn as much as possible. And, sharpen my business acumen.
7/With a bit of experience, I realised my most important lesson:

Standalone skills are okay, but they become magical when consolidated.

For example: writing skills are great. But, if you combine that with knowledge about marketing, you are onto something.
8/Post this realisation, I have spent every singly day learning something new.

It could be a new language, new business, something novel in tech.
9/This consolidated understanding has helped me become a better investor: in startups, stocks and different assets.

Knowledge is power, truly!
10/Three key lessons from my journey:
- Experiment
- Optimise (make the most out of your opportunities)
- Adopt inter-disciplinary understanding.
11/What can you do if you are not happy with your job?

a. Start with the easiest thing you can (eg. if you are an IT professional, just create a website, take sign ups and teach people how to code)

b. Start running a few experiments.
c. Understand that the world is uncertain and it will become even more uncertain by the next decade.

Create urgency.

d. Build a system in your 'good times' to reap benefits in your 'bad times'.

Hard work, consistency and a positive thought process helps you build a system.

• • •

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More from @Akshat_World

29 Nov
Cryptos are not cash.

Neither are they going to replace currencies.

Here are some of the major misconceptions around Cryptocurrencies:

👇👇
1/All Cryptos are currencies.

- The primary use of a currency (eg. INR, USD) is that it acts as a strong medium of exchange.

- You can use INR/USD to buy things like food and other stuff.

- Some Cryptos, like Bitcoin, have this feature.
2/Bitcoin will replace currencies.

- Compared to currencies, Bitcoin is a better store of value b/c of its mathematically driven supply (it is not inflated like INR/USD)

- But, it is not a better medium of exchange.
Read 8 tweets
26 Nov
Will you be concerned?

If despite paying high taxes, your 100Rs effectively becomes 96Rs by the next year for no fault of your own?

👇👇
1/This is already happening. Here is the math:

- If you go deposit 100Rs in your bank in India
- You will get a 2-3% savings deposit rate
- Inflation in India is 6.5%

So your 100Rs becomes 96Rs by next year, for sure.
2/The argument that currency (INR, USD) is a great STORE OF VALUE is not valid anymore.

It is losing 4% value each year.

Yes, INR/USD is a great medium of exchange, but you are paying a lot of money for this convenience.

It is like paying 4% convenience fee on cash.
Read 7 tweets
23 Nov
"Let's ban private Cryptos. But, let us still harness the underlying tech behind Cryptos".

"For this we will launch a government backed digital currency".

This argument is idiotic in epic proportions and here is why 👇👇
1/On any blockchain (eg. Bitcoin, Ethereum) there is a verification mechanism.

This verification mechanism ensures that the blockchain data that is being put up on the network is error free.

For example, Bitcoin uses something called as Proof of Work consensus mechanism.
2/How does this verification happen?

It happens when Bitcoin Miners verify transactions by using computing power, using machines like these:
Read 7 tweets
23 Nov
Reason why giant EdTech firms can spend insane amount of money marketing:

A THREAD:

👇👇
1/ To make sense, we should understand the difference between product and service companies.

Product firms: they spend money on R&D to build a great product. This requires a lot of money. Getting VC money makes sense.
2/ For eg. if the money flows into creating a better version of Ethereum, it makes sense.

The product is novel and probably necessitates the huge spent.

Service firm: eg. teaching, consulting -- on the other hand-- do not require excessive spent on R&D (generally speaking).
Read 5 tweets
5 Oct
RBI report states that ~80% of investments in India are locked in Real Estate.

The investment in Financial Assets (eg. Stocks) ~5%.

The fascination of owning a house in India is seriously crippling the financial health of folks.

Why is a house not a good investment? 👇👇👇
1. I can't argue with the emotional reasons for owning a house.

If you own a house for emotional reasons, all good. But, it is not really an investment.
2. While different reports indicate different things, the housing prices in the last decade have not grown by more than 6.5%
Read 6 tweets
13 Sep
There is a lot of misinformation floating around reg Cryptos, so I thought that I will create a thread and cover key points

PS: Please read this from a learning point of view. 👇👇
1. Different asset classes & assets can co-exist (eg. SGD, INR, USD are co-existing now), similarly, 'currencies' & 'cryptos' can co-exist.

Cardano need not kill Ethereum 2.0 to 'win' this race

The most likely outcome is that several asset classes will survive.
2. Let's imagine a world, where people engage 100% in cryptos. Then you'd ask: how will the govt make money via taxes if we operate only in Cryptos?

Well, you are still buying/selling/using services and products (this is taxed), so govt still makes money.
Read 10 tweets

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