I've roughly themed this week's newsletter around how you can derive value from what you (for the most part) directly control:
- the skills and knowledge you already have.
- how you spend your time each day.
- what you are doing for your health.
#1 Naval on: "Specific Knowledge Is Highly Creative or Technical"
Here's a snippet from the transcribed podcast:
"We’re all familiar with that phrase, a natural. “Oh, this person is a natural at meeting men or women, this person is a natural socialite, this person is a natural programmer, this person is a natural reader.” So, whatever you are a natural at, you want to double down on that.
And then there are probably multiple things you’re natural at because personalities and humans are very complex. So, we want to be able to take the things that you are natural at and combine them so that you automatically, just through sheer interest and enjoyment, end up top 25% or top 10% or top 5% at a number of things."
What it comes down to is creating your personal monopoly.
You have a unique set of skills and knowledge. This combination is something you can double down on and be the best in the world at.
Ask yourself (without attaching a monetary value or work-related label to it):
"What unique skillset or knowledge do I possess?"
There are a few more nuggets in this interview/article; make sure to read/listen to it.
#2 Julian on: Judging your days and years
Julian Shapiro is an excellent writer and Tweets out interesting stuff daily. A few months ago, he put out this idea in a tweet:
I think he succinctly captures how daily decisions and situations may seem volatile with their ups and downs, but if you invest in yourself consistently, you'll see the returns compound over the years.
#3 My article on: "How Taking Control of Your Health Increases Your Wealth"
Last year I wrote an article where I tried to capture the idea that real wealth is "the amount of time someone has available to spend how they see fit."
In it, I said, "What I strive for is wealth in the form of time. I want to maximize the 'free-to-spend-by-me' time. There is only one 'Me,' and if I don't take control of my time, someone else will."
(I still stand by it!)
If you're interested in the details, make sure to check it out. I discuss how your health is a deciding factor in that definition of wealth.
Thanks for reading!
As always, if you have anything that you think is valuable, send it my way. I'll make sure to add it.
See you next week!