My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Wealth research shows money continues increasing happiness beyond conventional thresholds
Evidence
Patrick's $50K study tracking happiness from $0 to $50M net worth showed continued happiness increases, contrary to popular $75K plateau studies
Implication
The conventional wisdom about money not buying happiness beyond basic needs is wrong - more money does continue to increase happiness
Counter Belief
Popular psychology says money doesn't buy happiness beyond meeting basic needs around $75K income
Example Application
Entrepreneurs should optimize for wealth building rather than accepting arbitrary income plateaus, as long as they understand the psychology of wealth protection and freedom-inducing purchases
Related Knowledge
Financial Freedom Definition
True financial freedom isn't having a certain amount of money in your bank account - it's when you stop making choices based on money considerations.
Research as Coping Mechanism
When facing uncertainty or major life changes, some people cope by conducting systematic research to gain control and understanding, turning uncertainty into data-driven insights.
Money continues to increase happiness well beyond basic needs
Wealth accumulation is a rational happiness optimization strategy
Bezos Number Framework
A systematic approach to finding business opportunities by identifying and analyzing rapidly growing trends before deciding what to build, named after Jeff Bezos noticing the internet growing 2700% per year before starting Amazon.
Great Ideas Remix Framework
Taking proven successful concepts and applying them to different markets, demographics, or contexts while maintaining th
Build a systematic trend research database for business ideation
A spreadsheet with 100+ categorized trends showing direction, doubling time, causes, effects, and business implications