My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Algebra of Wealth Formula
A mathematical representation of wealth building: Focus × Stoicism × Time × Diversification = Wealth
How It Works
Each variable multiplies the others - Focus creates expertise premium, Stoicism enables long-term thinking, Time leverages compound growth, Diversification prevents catastrophic loss
Components
Focus: Master one skill/industry rather than spreading effort
Stoicism: Control responses to market volatility and external events
Time: Start early and let compound growth work
Diversification: Spread risk across assets to prevent total loss
When to Use
When building long-term wealth strategy, evaluating financial decisions, or teaching wealth principles
When Not to Use
In situations requiring immediate income, when gambling for quick returns, or when other life priorities outweigh wealth building
Anti-Patterns to Avoid
Example
“A 25-year-old focuses on becoming excellent at software engineering, maintains emotional discipline during market crashes, starts investing immediately, and diversifies across index funds rather than picking individual stocks.”
Related Knowledge
FL01
Build strong professional relationships through consistent value-add interactions rather than self-promotion
Strong network of people who proactively help you and consider you a valuable connection
Three Market Evolution Stages
Framework showing how markets evolve through clueless, curious, and saturated stages, requiring different marketing appr
Savage Scaling Framework
A rapid content/product scaling approach that prioritizes volume and speed over perfection to dominate a market category
Technology Wave Pattern
A framework for identifying and categorizing major technological shifts that create trillion-dollar opportunities approx
Transparent vs Opaque Opportunity Assessment
Opportunities are either 'windows' (transparent, can see outcome clearly) or 'doors' (opaque, unknown what's behind).