10 steps to financial genius

Rich dad Poor dad, Compress to impress, Nobel prize winners, Seneca and many more…

Oct 07, 2022

In this week’s newsletter: Rich dad Poor dad, Compress to impress, Nobel prize winners, Seneca and many more…

gm 👋 Prado here

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Every Friday, I publish one essay & 10 interesting things that will help you become healthy, wealthy and wise 👇

Essay of the week

I read the book "Rich Dad Poor Dad" when I was in my 1st or 2nd year of college and one day I randomly opened the book and read this list.

At the end of this essay, I'll share my weird notes. Wait for it.

10 steps to awaken your financial genius

Find a reason greater than reality

Make two lists:

the "don't wants"
the "wants"

I don't want to be an employee. I want control over my time.

The lists will give you clarity on what's your why. A reason bigger than reality.

Around the same time, I came up with this answer. Since then this has become my why and end goal (My 83 year old goal)

Make daily choices

Some people have the "get rich quick" mindset but that mindset is for gamblers.

Our mindset should be to do or learn something every day. It can be small but do it every day.

Choose consistency.

Power of consistency from two different books:

Tools of Titans (Link)

The compound effect (Link)

Choose friends carefully

I think we all already know the importance of this.

Prado @pradologue

“A person’s chances of becoming obese increased by 57% if he or she had a friend who became obese” It works the other way too. Do you see where I’m going with this?

Master a formula & make a new one

I want to master how marketing and growth work in the world of Web3, experiment with them and come up with new strategies.

This is my goal. What's yours?

Pay yourself first:

I don't remember what did I understand from this point.

So here's the summary from the book

Pay your brokers or professionals well.

Information is everything.

People who work for you can be smarter than you. And if they provide information that worked well, then you must pay them well too.

Be an Indian giver (Indian here is a native-American)

The term "Indian giver" comes from a simple cultural misunderstanding.

When Europeans came to America, they didn't have cold clothes. So the Indians would give them a blanket.

But Europeans mistook it for a gift.

A sophisticated investor's first question is "How fast do I get my money back?"

They understand their ROI

Assets buy luxuries

Borrow money to make more money and not buy materialistic things.

Luxury comes from assets, not from credit.

Take Action

The 9th point in the book was "Choose Heroes" which is a valid point.

But at that time I already had heroes and educators. I wanted to take action.

So find your inspirations, learn from them and take action on the learnings.

Teach and you shall receive:

This is probably my favourite of them all.

My Twitter header says it all - @pradologue

Prado @pradologue

Build stuff, teach people.

I read this list sometime in the first or second year of college and I think I wanted to take notes right away.

Guess what I did?

I was also reading Seneca's book (On the shortness of life) and ended up taking notes on that itself :)))

This week I started reading “on the shortness of life” again and found out that I had written this down. I got curious. I read it and realised this is an amazing list. I’ll share it with everyone on Twitter and on the newsletter

Prado @pradologue

I just found a goldmine I had written a few years ago on an empty page of a small book. 5 PM IST - Keep an eye out 👀 I'll tweet the whole thing.

Thanks for reading the essay. Subscribe to the newsletter if you like interesting stuff every week.

10 Interesting things for you 🙌

1. Pessimism is a barrier to progress (Blog) Interesting read.

2. Something from my Twitter👇

Prado @pradologue

When someone tells you something you already know, don’t say “I know.” Instead, say “You’re right.” or "That's true." Serves the same purpose, but is a more generous saying 🙏

3. Compress to impress (Blog)

4. Interesting Website of the week: Ifyouknewmeowouldyoulove.me (Link)

5. Interesting Humans of the week:- Nobel prize winners of 2022 (Read it all here)

6. Question of the week:-

Prado @pradologue

What's your favourite method of procrastination?

7. Picture of the week:- My answers to the above question :)

8. Current read: On the shortness of life by Seneca (Book)

9. Meme of the week:-

I’ve been hitting the gym recently and I agree with this

10. Quote of the week:

"One reason I don't drink is that I want to know when I am having a good time." — Nancy Astor
(Tweet this quote)
You get paid in direct proportion to the difficulty of problems you solve" - Elon Musk
(Tweet this quote)
"Some people will choose to remember & recognize only the version of you that they held the most power over, no matter how long it's been or how much you've changed" - Charisma Enigma
(Tweet this quote)

Check out some previous newsletters:

Diderot Effect (Read)
Life’s lines of Closeness (Read)
Cathedral Thinkers (Read)

Join in if you want me to trigger your curiosity every week👇

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