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I lost $15mm cash in one summer. It was about a million a week and then it picked up speed. Ugh, I’m like reading the newspaper twice. I know I’ve written about this before.
But bear with me.
I bought a house. I invested in bad companies. I started worse companies. I bought art. I took A LOT of helicopters.
I thought about money all the time. I wanted to make $100 million. Then…I thought…I can finally feel like I achieved something.
That’s how stupid I was. I then lost my house, lost my marriage, lost my friends, lost my family, lost a lot of opportunities.
It was only when I found things more valuable than money that I was able to easily make money. Money is a byproduct of the following:
Ten things more valuable than money.
A) One five minute call with my daughter instead of doing a five minute call about business with someone I don’t like.
PLEASE GOD, give me the strength to not take the five minute call with the person I don’t like.
I can lose all the money in the world but I can make it back. I will NEVER get back the five minutes I could’ve spent with my daughters.
Children want someone to tell their stories to. I make her laugh. Five minutes of making her laugh she will remember forever.
She will say at my deathbed, “He always made me laugh,” but only if I devote those five minutes to her. That’s more valuable than money.
B) Writing down ideas
I like to write down ten ideas a day. That’s 3,650 ideas a year. I do it on a waiter’s pad. I have over 100 waiter’s pads in my closet.
Ideas are more valuable than money. Income has gone down versus inflation for forty years.
And people say ideas are a “dime a dozen.” I can tell you this is not true. Pick any concept. Like say, “Ten ideas of novels I can write.” Maybe the first three might be easy (“a dime for three ideas”). But ten starts to get difficult.
Then people say “execution is everything.” This is so wrong.
First, you can’t execute without a decent idea to begin with.
Second, execution ideas are a subset of ideas.
Let’s say I have a good idea for a novel. Now my next execution step is to have ideas for all the chapters. An outline. Then my next execution step is to have ideas for when I will write. And so on.
Money lasts for a few seconds in my hands. But ideas can grow and build and spread and touch everyone I know and then everyone they know.
Everyone needs to read this one…It puts everything into perspective better than most everything I have ever read……
Merry Christmas to all…
peace
A few words of sanity. thanks for this tip.