My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“trading great hours for useless dollars”
What It Means
Successful people continuing to work for money they don't need, sacrificing irreplaceable time for unnecessary wealth
Why It Matters
Captures the core mistake of not reassessing priorities after achieving financial success
When It's True
When someone has enough money to fund their desired lifestyle but continues optimizing primarily for financial returns
When It's Risky
May not apply to people who genuinely enjoy their work or have specific expensive goals requiring more capital
How to Apply
Self-assessment tool for successful people feeling unfulfilled
Framework for evaluating whether to continue current work
Conversation starter about post-economic priorities
Example Scenario
“A successful tech executive realizes they have $20M invested but continue working 80-hour weeks for money they'll never spend, missing their children's childhood”
Related Knowledge
Post-Economic Decision Making
A decision-making approach where money is no longer the primary motivator for choices, allowing focus on intrinsic fulfi
Social Wealth Competition Trap
A behavioral pattern where increasing wealth leads to associating with progressively wealthier people, creating endless
20-20-20 Life Design System
A structured approach to life optimization using three measurable goals: 20 pounds weight loss, $20M portfolio increase,
Relationship-First Life Design
A principle that prioritizes spending time around people who embody the qualities you want to develop, recognizing that
Experience and evaluate different ways of living before committing to major life changes
Clear visceral understanding of what daily life actually feels like in different circumstances, leading to more informed
Break routine patterns and create memorable experiences through forced adventure and spontaneity
Increased life satisfaction, more memorable experiences, expanded comfort zone, and protection against life becoming a b