Wealth

Question 1

How technology effects production and consumption?

Answer 1

Technology democratise consumption but consolidates production. The best person will get to serve all.

Question 2

Best way to break out of competition.

Answer 2

Authenticity and specific knowledge beats competition any day. Specific knowledge is built at the edges of knowledge so has big entry barrier, build it about something truly you enjoy.

Question 3

One of the ways to build credibly and trust.

Answer 3

Take accountability under your own name. Is a double edged sword but staying integral will help in running out failure f that happens.

Question 4

What are three different kind of leverage?

Answer 4

① leverage of labour: oldest form people need to follow you and is very hard and risky.
② leverage of capital: more money can help you derive more value but this requires aloe of trust.
③ cost of replication is zero. Modern day leverage media books tech etc

Question 5

How to value any opportunity.

Answer 5

There are basically three tangents
.① accountability
② leverage
③ specific knowledge required

Question 6

What is the most valuable skill in the long term?

Answer 6

Being valued and paid for your judgment every thing can be outsourced. People pay for that unique knowledge

Question 7

Three most important decision in life.

Answer 7

Where do you work?
Who you’re with?
Where do you live?

Question 8

What is retirement and how to achieve it?

Answer 8

Retirement is when you stop compromising today for an imaginary tomorrow
① either have enough passive income to cover your burn rate.
② reduce your lifestyle hence not having any burn.
③ do something that feels like play

Question 9

What are ways of finding luck?

Answer 9

① blind luck: right place right time
②hustle enough creat so much energy that luck finds you itself.
③ be so good at what you do that people reach out you and you get lucky.
④ be really good at spotting luck which others ar oblivious to.