Understanding How the Financial System Affects Your Job If you work(ed) in B2B Tech, you no doubt have seen / heard / experienced the layoffs of the past few years. If you were laid off, I’m here to tell you that it wasn’t your fault. Of course, it’s healthy to take some level of accountability […]
Tech Layoffs Weren’t Your Fault Read More »
The Trap That Prevents You From Building Wealth “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki, ‘Rich Dad, Poor Dad’ Let’s assume you work a full-time job. That’s 40 hours a week (not
Making Money vs. Keeping Money Read More »
Why I’m Extremely Bullish on the Creator Economy When Gen Z is asked what they want to be when they grow up, 57% say “influencer”. Many see this as dystopian – a regression from the era of Millennials who wanted to become doctors, engineers, and entrepreneurs. I disagree. I believe this is incredibly optimistic for
The Creator Economy is the Future Read More »
Letting Go of Your Negative Beliefs About Wealth “Seek wealth, not money or status.” – Naval Ravikant Our newsletter is called Wealth Potion… so I imagine you subscribed to learn how to build wealth. But what is wealth, exactly? And beyond it’s official definition, what does wealth mean to you? Why is this important? Because
Last week, I attended the Seoul Bitcoin Conference. It is the first Bitcoin-only conference in South Korea – a country that has first-hand experience with the dangers that lurk in the broader “crypto” ecosystem. In this week’s issue, I share my takeaways from the conference. (Do you enjoy Bitcoin content on Wealth Potion? Let me
Bitcoin in Asia: Takeaways from the Seoul Bitcoin Conference Read More »
“Optionality is the property of asymmetric upside (preferably unlimited) with a correspondingly limited downside (preferably tiny).” – Nassim Taleb Many top investors call asymmetric bets the 🏆 Holy Grail 🏆 of investing. Why? Because an asymmetric opportunity is one where the downside is small but the upside is big. You could lose a little… but
The Holy Grail of Investing: Asymmetric Bets Read More »
High Time Preference vs. Low Time Preference What is the definition of success? This sounds like a simple question, but I promise there is an important lesson here. Success is “the accomplishment of an aim or purpose.” You can choose which aim or purpose you wish to pursue. But regardless of what you choose to
The Importance of Time Preference in 2024 Read More »
What, Why, Ideas, Examples, and FAQ Solopreneurship is taking the internet by storm. And is it any surprise? Solopreneurship promises the financial and lifestyle freedom of entrepreneurship, without the stress of managing employees. And while becoming a solopreneur is certainly not easy, it is arguably the best time ever to consider pursuing solopreneurship. Today, we’ll
The Ultimate Guide to Solopreneurship Read More »
A few weeks ago, we discussed the historical expression of “Burning the Boats”. Time for another lesson from Ancient History. The term “Crossing the Rubicon” originates from ancient Rome. Julius Caesar led his army across the Rubicon River in 49 BCE, violating Roman law and sparking a civil war. “Crossing the Rubicon” has now become
Crossing the Rubicon: The US Dollar and the World Reserve Currency Read More »
Most investing advice is written for the average person. But you don’t follow Wealth Potion because you want average results, do you? One of the most popular pieces of mainstream advice is “don’t time the market”. Or more commonly, “time in the market beats timing the market”. In fact, I’ve probably cited this quote myself.
Buying the Dip vs. Timing the Market Read More »
