daguti + life   71

"A road map to million dollars worth by the age of 35" - Growth Hack World
"A road map to million dollars worth by the age of 35

Your mileage may vary, but this is how I recommend you to do (the earlier you start, the better):

A. First: drastically reduce your expenses

- Sell all the stuff you do not need (TV, Xbox, PlayStation, etc.).

- Quit shopping for the sake of shopping.

- Do not smoke, drink alcohol, do drugs, etc.

- Remove the Facebook, Instagram, Twitter, Pinterest apps from your iPhone so that you can only access them via your desktop computer (you will automatically reduce your wasted time by at least 90%).

- Sleep 8 hours a day, consistently.

- Meticulously decide whether you really need new stuff to buy.

- Learn how to do your own taxes. Once you understand how taxes work, you can get an accountant (and be able to check what is he/she doing with your tax filings).

- Ditch fake friends, high maintenance girlfriends/boyfriends, and all other people that actively undermine your efforts. A positive attitude from the people you surround yourself with is essential.

- Never shop for food when hungry. Buy in bulk. Learn how to cook your own meals (do not eat out often). Limit red meat if possible, and prefer beans and vegetables instead.

- If you can, use the public transport or a bike. Accordingly, consider ditching your car.

- Do not upgrade your smartphone every year.

- Always pay your credit card in full at end of every month. Avoid loans and credit (i.e. paying interest to fuel expenses) like the plague. If something is out of the budget, you must come to terms with the fact that you cannot afford it: move on. We do not need 90% of the things for sale out there, anyway.

- Get a good health insurance with above-average coverage[1]. Having a good health insurance will shield you (and your bank account) and allow you to avoid going bankrupt in case of medical emergencies (which occur very easily). Exercise (weight-lifting or anything else at least moderately stressful for your body) regularly: at least twice a week.

- Be curious about the world out there. Try to read many books (mostly non-fiction), especially in sectors out of your normal studies. Innovation comes from the ability to correlate information between different realms of knowledge.

B. Second: drastically increase your income

- Study Game Theory[2] before looking for a job. After the Wikipedia page on Game Theory, I recommend you to start from The Joy of Game Theory (I have no affiliation with the author and I do not profit from linking this book in any way): you will understand how in a market of naturally conflicting interests, game theory and strategic moves will allow you to think rationally and achieve oftentimes optimal results with much reduced effort. This will be a critical advantage for you down the road.

- Study and understand the business niches where — based on your skills — you can get a better paying job that does not send you to mental hospital. Acquire new, useful skills (you do not need a degree for many highly important skills relevant in today’s job market). Relocate abroad if necessary. Do not be scared. Be available to do risky jobs that your peers are not willing to do.

- Learn how to solve problems at work. While everybody at work just does barely “enough” (and limit themselves to complain when things don’t work), you will quickly become essential as one of the very few who solves problems. This works even if you are fat, ugly, inexperienced, old, young, whatever. Problem-solvers are golden nuggets in any business environment and rewarded accordingly.

- Once you become one of the few “essential” employees, you will employ Game Theory to force your employer to give you a better salary, better bonus, better exposure with clients, etc. Do it nicely but effectively. With a smile, you will be able to submit your employer into a so called “dominated game”[3] where the only possible outcome is for you to get a better salary, etc. If you are an effective problem solver and still do not climb the ladder, it means that the opportunities at your current workplace are hopelessly limited. Do not settle like most people around you will do, just find a better job.

- Immediately set up an emergency fund in cash of approximately 6 months of salary (3-months if you are particularly good at avoiding emergencies). This is cash that must be readily available for emergencies: not to buy you a BMW. Do not stupidly inflate your lifestyle and continue to be cautious with the way you manage and spend your money.

- Open a Stock Account with your bank and every month save 20%/30%/40%/50% of your income and invest it in a low commission S&P500 ETF by Vanguard[4] (like “VOO” or “VIG”: google them). Never touch this investment for at least the next decade. Save mercilessly and invest every month “no matter what”. Google: “dollar cost average” + “compound interest” in order to understand the benefits of this double-pronged strategy (in short: you will beat 90% of all the Fund Managers out there). Set up a bare minimum that you must invest every month and deposit it into your stock account at the beginning of each month so you will not be able to spend it to buy useless stuff. This will do marvel to your sleep and to your income as long as you will be consistent, patient and NOT touch your investments for a decade or so. As soon as your career will progress and you will earn more, this strategy will also prevent you to fall into the “increased lifestyle” trap (where you spend more money on useless items just to show your status to your peers or because you become lazy).

- Once you have 200k/300k USD invested in a Vanguard ETF like VOO or VIG and they are pumping approximately 30k USD a year as compound interest and dividends (which you are NOT touching at any cost), you are able to focus your attention in order to start a side business to corroborate your income.

- Work at night, on weekends and holiday to kickstart your side business.

- Focus on getting the first 3 customers for your new side business (friends and family do not count). Once you make 3 customers (amazing achievement!), focus on how to make 30. If in 3 months you are not able to reach the 1.000 USD / month threshold, you must focus on finding better cash-flow generating business ideas: don’t fight on price, the margin is essential. Learn from your mistakes (you will do many). Take low hanging opportunities that others don’t see. Study quirky, even awkward & neglected market niches, that oftentimes are a goldmine for those able to satisfy them.

- Once your side business starts making 10k USD / month you can start evaluating if your current salaried job is worth the effort / time / hassle. If not, make the jump to the self-employed world and focus on increasing the income from your side business to 30k USD / month.

- Sooner rather than later you will be a millionaire. The first million is by far the absolute hardest."
lifehacks  personal-development  investing  tips-n-tricks  life 
february 2018 by daguti
Advice from some old people - Imgur
"1. The most important person in your life is the person who agreed to share their life with you. Treat them as such. 2. You might live a long life, or you might live a short one — who knows. But either way, trust me when I say that you’re going to wish you took better care of yourself in your youth. 3. Stuff is just stuff. Don’t hold onto material objects, hold onto time and experiences instead. 4. Jealousy destroys relationships. Trust your significant other, because who else are you supposed to trust? 5. People always say, ’’Make sure you get a job doing what you love!’’ But that isn’t the best advice. The right job is the job you love some days, can tolerate most days, and still pays the bills. Almost nobody has a job they love every day. 6. If you’re getting overwhelmed by life, just return to the immediate present moment and savour all that is beautiful and comforting. Take a deep breath, relax. 7. Years go by in the blink of an eye. Don’t marry young. Live your life. Go places."
life-affirming  childrearing  life-what-should-i-do-with  life 
january 2016 by daguti
Taalam Acey - A while ago I wanted to sell a piece of jewelry and...
"A while ago I wanted to sell a piece of jewelry and was in no rush. I patiently collected quotes from various stores and received a perplexing range of offers. The trend seemed to be: the nicer the store; the better the offer. Some of the lower-to-mid-level stores even said my piece was counterfeit while nicer stores complemented the brilliance and clarity of it. In the end, I sold it for over three times what one of the lower-to-mid-level shops had offered. Life is frequently like that. Lower-to-mid-level people attempt to convince you that your gifts are common, invalid or lacking, simply due to an inability to properly appraise their magnitude. Add to that the fact dishonest people are usually not even clear as to their own murky thought processes and cognitive dissonance. It is a grave mistake to allow anyone (at any level) to negatively impact your self-worth. None but yourself can stop you. Judgmental people tend to be far more ridiculous than they could possibly..."
people-taalam-acey  quotes  life 
january 2015 by daguti
TIL that scientists created a completely enclosed, artificial environment called Biosphere 2 and made one mistake that caused all the trees to fall down before maturation: there was no wind so trees failed to develop stress wood, which is necessary for t
Stress wood - a good analogy for life. We need hardships in order to build the fortitude to stand. In a way, we can see this with the way reality show contestants are instantly flung into the limelight and have breakdowns when they don't win. .......... The necessity of stress.
life  nature  meetup-movnat  personal-development  stress 
december 2014 by daguti
TIFU my whole life. My regrets as a 46 year old, and advice to others at a crossroad : tifu
Guy writes TIFU as a 46 year old, saying how he messed up by procrastinating his whole life away.
personal-development  warnings  life  procrastination 
november 2014 by daguti
Strike a pose (again and again): Hot guys who need new red carpet moves | Gallery | Wonderwall
Gotta love this shit. No matter how they stand, this site says it's the wrong way. Hands folded neatly? Bad. Hands at your sides? Bad. Wide stance? Bad. Someone's deeply uphappy with themselves.... The lesson? Society will always try to dictate what you can and cannot do. Live your own life and forget about the critics. As Seth says, "Show me a statue dedicated to a critic."
life  society  culture  photos 
january 2014 by daguti
The Big Philosophical Questions: Why do certain people derive pleasure from doing cruel things to their fellow human beings? - Quora
The answer by Diane Meriwether is gold, and something I've come to realize in the last few years. People rarely act of their own volition. Instead, they are reacting to something.
life  childrearing 
june 2013 by daguti
Men of reddit, what is a man secret that you think every man should know? : AskReddit
Not sure why I am bookmarking this, but one day perhaps some of these things will come in handy.
life  companies-reddit 
january 2013 by daguti
Regrets of the Dying | Inspiration and Chai
For many years I worked in palliative care. My patients were those who had gone home to die. Some incredibly special times were shared. I was with them for the last three to twelve weeks of their lives. [...] When questioned about any regrets they had or anything they would do differently, common themes surfaced again and again. Here are the most common five: 1. I wish I'd had the courage to live a life true to myself, not the life others expected of me. 2. I wish I didn't work so hard. 3. I wish I'd had the courage to express my feelings. 4. I wish I had stayed in touch with my friends. 5. I wish that I had let myself be happier. ....................................... New site is BronnieWare.com, but the article is here: http://www.theguardian.com/lifeandstyle/2012/feb/01/top-five-regrets-of-the-dying
life-affirming  death-dying  meetup-movnat  life  personal-development 
january 2012 by daguti
Seth's Blog: "It's always been this way"
This ties in very neatly with the video I bookmarked of Steve Jobs 12/26/2011.

"As soon as you accept that just about everything in our created world is only a few generations old, it makes it a lot easier to deal with the fact that the assumptions we make about the future are generally wrong, and that the stress we have over change is completely wasted."
life-affirming  life  motivation-for-me  people-seth-godin 
december 2011 by daguti
Steve Jobs: What if you knew "life was made up by people that were no smarter than you . . . ?" - THE DAILY RIFF - Be Smarter. About Education.
"When you grow up you tend to get told the world is the way it is and
you're life is just to live your life inside the world. Try not to bash into
the walls too much. Try to have a nice family, have fun, save a little money.

That's a very limited life. Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you and you can change it, you can influence it, you can build your own things that
other people can use.

Once you learn that, you'll never be the same again."
motivation-for-me  people-steve-jobs  video  life  life-affirming 
december 2011 by daguti
The Beach (film) - Wikipedia, the free encyclopedia
Saw this when it came out. I liked it then, but in reading the synposis now - as well as Richard's speech at the end of the film - I appreciate it on a whole other level.
movies-to-watch  life 
may 2011 by daguti
Rules For Being Human - MrdVa.jpg (JPEG Image, 1296x968 pixels) - Scaled (84%)
1. You will receive a body. You make like it or hate it, but it will be yours for the entire period this time around.
2. You will learn lessons. You are enrolled in a full-time informal school called life. Each day in this school you will have the opportunity to learn lessons. You may like the lessons or think them irrelevant and stupid.
3. There are no mistakes, only lessons. Growth is a process of trial and error, experimentation. The "failed" experiments are as much a part of the process as experiments taht ultimately "work."
4. A lesson is repeated until learned. A lesson will be presented to you in various forms until you have learned it. When you have learned it, you can then go on to the next lesson.
5. Learning lessons does not end. There is no part of life that does not contain its lessons. If you are alive, there are lessons to be learned.
6. "There" is no better than "here." When your "there" has
life  life-affirming  spirituality  filetype:jpg  media:image 
march 2011 by daguti
Tim Ferriss on tolerable mediocrity, false idols, diversifying your identity, and the advice he gives startups - (37signals)
Goddam, he's a monster:
"His experimentation didn’t stop there, he decided to test various covers by printing them on high quality paper and placing them on existing similar sized books in the new non-fiction rack at Borders, Palo Alto. He sat with a coffee and observed, learning which cover really was most appealing."
people-tim-ferriss  work  career  life  marketing  optimization-website  optimize 
january 2011 by daguti
Rejection Therapy
"Rejection Therapy™ is the real life game with one rule. The game is designed for anyone who wants to get out of their comfort zone and overcome fear and rejection." ............ UPDATE: Still going strong in 2015: http://www.npr.org/blogs/health/2015/01/16/377239011/by-making-a-game-out-of-rejection-a-man-conquers-fear
gifts  psychology  business  life  mind  social-engineering  games-in-realspace  games  personal-development 
december 2010 by daguti
Seth's Blog: The appearance of impropriety
I've always thought (and done) this, but it's interesting that Seth turned it into a blog post in a clear, concise way.
people-seth-godin  business  management  strategy  social-engineering  communication  life  me-stuff 
december 2010 by daguti
Seth's Blog: Demonstrating strength
Tweeted today: "Holy cow, Seth! You're usually on the mark, but this is direct from my playbook! Bravo! http://bit.ly/ao3vJw #business #life"
business  life  people-seth-godin  business-culture  leadership  management 
october 2010 by daguti
Albert Einstein quotes
“A human being is part of a whole, called by us the Universe, a part limited in time and space. He experiences himself, his thoughts and feelings, as something separated from the rest a kind of optical delusion of his consciousness. This delusion is a kind of prison for us, restricting us to our personal desires and to affection for a few persons nearest us. Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”
people-albert-einstein  quotes  life  life-affirming  philosophy-consciousness 
june 2010 by daguti
Seth's Blog: How to buy a house
#8 speaks to me. So many of my friends are busy getting married, having kids, buying houses, etc. I have much bigger plans.

"If you have a steady job, matching your mortgage to your income isn't dumb. But if you are a freelancer, an entrepreneur or a big thinker, a mortgage can wipe you out. That's because the pressure to make your monthly nut is so big you won't take the risks and do the important work you need to do to actually get ahead. When you have a choice between creating a sure-thing average piece of work or a riskier breakthrough, the mortgage might be just enough to persuade you to hold back."
psychology  housing  large-systems  money  mortgage  people-seth-godin  marketing  life 
april 2010 by daguti
Poor, Poor Child. You have no idea. - LETTERS TO A YOUNG PROGRAMMER
"The letter I wish I could write to my former self, and have beamed at light-speed through some kind of vacuum tube and delivered at the precise moment when I finally decided to learn to program."

LANGUAGE = "As a linguistics major, you're no stranger to the idea that a person is only capable of having thoughts and ideas that can be expressed in their language, and there is no reason to expect programming languages to differ from spoken languages in this area."

LIFE = "Every single time (and this will happen constantly) you come across a concept that seems foreign or difficult or even just unintuitive, instead of thinking "It's OK. Programming is hard." you're going to be thinking "This is supposed to be easy. What's wrong with me? I must be stupid." These feelings will keep you from seeking help or pushing through to discover why things work the way they do, and that is what's stupid. "
programming  getting-started  tips-n-tricks  language  life 
january 2010 by daguti
Ten Things I Will Teach My Children About Money - Consumerism Commentary
marketing = 6. Companies want your money. Corporations spend lots of their own money trying to develop ways to get you to give your money to them. Don’t believe what you see in commercials, on television shows, in movies, on the internet, or even on the news.
The ten things:
1. Money is neither good nor evil.
2. Money is not a goal.
3. Money will not make you happy.
4. Don’t be jealous of other people’s money.
5. If you are in a position to help, you have an obligation to help.
6. Companies want your money.
7. Pay attention to your money.
8. Don’t expect a free lunch.
9. Save as much as you can for later.
10. Avoid borrowing money.
11 (bonus). It’s not about the money.
money  children  childrearing  marketing  life 
january 2010 by daguti
The 10 Essential Rules for Slowing Down and Enjoying Life More | Zen Habits
It’s an irony of our modern lives that while technology is continually invented that saves us time, we use that time to do more and more things, and so our lives are more fast-paced and hectic than ever.

Life moves at such a fast pace that it seems to pass us by before we can really enjoy it.

However, it doesn’t have to be this way. Let’s rebel against a hectic lifestyle and slow down to enjoy life.
health  personal-development  life  stress  personality-traits-happiness 
june 2009 by daguti
YouTube - Boom De Ya Da!
Life affirming Discovery Channel "Boom De Ya Da!" video
video  funny  life  commercials  life-affirming  music  science 
december 2008 by daguti
Does She Love You? by Pasha Malla - The Morning News
How to tell if she loves you. . . if she makes you a pancake in the shape of a shark, if she laughs at your jokes when they’re funny and makes fun of you when they’re not, Gael Garcia Bernal, but you’re willing to sit through a “GGB” marathon and agree for 10 consecutive hours that he is indeed the most beautiful and talented man alive, If she hides your shoes when you’re late for work, and from a supine position on the couch plays “Hot/Cold,” and, finally, after 15 minutes of you ignoring her screaming, “Boiling! Burning up!” every time you stalk angrily by the dishwasher
love  life  relationships  funny 
december 2008 by daguti
Success Soul » Warren Buffett’s 7 Secrets for Living a Happy and Simple Life
How do you rationalize the richest man on the earth still living in a small 3-bedroom house that he purchased fifty years ago? Warren Buffett never travels in a private jet despite the fact that he owns the largest private jet company. His character and
inspiration  money  life  minimalism  people-warren-buffett 
july 2008 by daguti
The Gurdjieff Teaching
Gurdjieff's basic teaching is that human life is lived in waking sleep; transcendence of the sleeping state requires a specific inner work, which is practiced in private quiet conditions, and in the midst of life with others. This leads to otherwise inacc
psychology  mind  mindhack  mindfulness  learning  life 
december 2007 by daguti
InBubbleWrap: Accounting for the Final Days
"Something important to remember in light of our current ventures."
life  books  death-dying 
august 2006 by daguti
How to Find What You Love to Do
How to Find What You Love to Do - "I'm on the fence about this article. It's not as useful as StevePavlina.com's articles, but I like what it has to say about spending time alone. I've always been a big believer in that. As a matter of fact, I'd like to s
personal-development  life-what-should-i-do-with  motivation-for-me  career  life 
july 2006 by daguti
The Meaning of Life: Intro
INTERESTING AND IMPORTANT. GET TO THE END BEFORE YOU STOP READING. What is the meaning of life? Why are we here? Is there a God or isn’t there, and if there is a God, what is its nature?
life  philosophy  Productivity  inspiration  religion  god  personal-development  productivity-gtd 
june 2006 by daguti

related tags

analysis  anti-something  babies  biography  books  books-to-buy  business  business-culture  career  childrearing  children  children-teens  college  commercials  communication  companies-reddit  conspiracy  craigslist  culture  death-dying  Entrepreneurship  etiquette  family  filetype:jpg  funny  games  games-in-realspace  getting-started  gifts  god  health  health-mental  health-mental-depression  housing  howto  inspiration  intelligence-iq  interesting  investing  language  large-systems  leadership  learning  life  life-affirming  life-what-should-i-do-with  lifehacks  lifestyle  love  management  marketing  marketing-social-media-campaigns  me-stuff  media:image  meditation  meditation-transcendental  meetup-movnat  men-boys  mind  mindfulness  mindhack  minimalism  money  mortgage  motivation-for-me  movies-to-watch  music  nature  optimization-website  optimize  organization  people-albert-einstein  people-russell-simmons  people-seth-godin  people-steve-jobs  people-taalam-acey  people-tim-ferriss  people-warren-buffett  personal-development  personality-traits-happiness  philosophy  philosophy-consciousness  photos  procrastination  productivity  productivity-gtd  programming  psychology  psychology-sociopath-psychopath  quotes  reading  relationships  relationships-marriage  religion  sales  science  social-engineering  social-media  social-skills  society  spirituality  startups  strategy  stress  success  teeth  tips-n-tricks  to-do-before-you-die  travel  travel-backpacking-asia  video  warnings  women  work 

Copy this bookmark: