My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“The rich aren't just lucky”
What It Means
Wealth accumulation is primarily skill-based rather than luck-based
Why It Matters
Shifts focus from hoping for luck to developing learnable skills
When It's True
In stable economic systems with opportunities for skill development
When It's Risky
In extremely unstable environments or when systemic barriers exist
How to Apply
Motivate skill development over lottery-ticket thinking
Study successful people's habits and decisions
Focus on what you can control rather than external factors
Example Scenario
“Someone feeling discouraged about their finances can shift focus from feeling unlucky to identifying specific skills to develop”
Related Knowledge
Two Millimeter Shifts
Small adjustments in approach that create massive changes in outcomes, like a golf club being 2mm off causing the ball t
Play/Work Overlap Framework
Finding activities that feel like play to you but appear as work to others, creating a sustainable competitive advantage
Fat Pitch Strategy
Waiting for high-probability, high-reward opportunities rather than swinging at every chance that comes along
Get informal mentorship from successful people
Person regularly responds to your questions and you have ongoing informal advisory relationship
Asymmetric Risk/Reward
Seek opportunities where you can lose small amounts but win large amounts, or where you have information others lack
Wealth building is a learnable skill
Anyone can learn wealth-building skills regardless of current financial position