If you work in a corporate job, one of the easiest ways to ensure more success is to:

1. Work in a revenue generating role (e.g. sales)

2. Work in an industry growing >7% per year

3. Working in a firm growing revenues > 10% a year

Growing firms and industries create

Most people working in 9-5 jobs in a large corporate probably work for 3-4 hours, but I would guess 1 hour or so of the output actually would drive business value.

YOU need to go find a place that values more of that 1 hour of output and doesn't waste those 7 other hours.

Find

Diversificaiton is just admitting that you don't have an edge in investing. You're hedging for the fact you don't have an angle.

You should focus your investing on where you have an angle, then back the truck up.

You can buy dogecoin in 20 mins but you can’t access private equity, private credit or VC unless you’re a ‘sophisticated investor’.

In June 2021, I bought a $1.1m industrial property.

The net yield was 7.4% and my cost of debt was 2.7%. The spread was 4.7% positive.

I was making 23% cash on cash return.

The leases had one year to run and were under market rent.

By March this year, I re-leased them on 3

Once you’re about 3 years into full time work, you should realise a corporate salary is not going to cut it anymore.

You will need to shift your focus entirely from trying to build a career to investing in and building assets.

Get into the capital multiplying business and fast.

The good thing about rising interest rates, is that higher cost of capital lowers speculation to non-productive investments like land, VC bubbles, altcoins etc.

The bad thing about rising interest rates, is that it hurts real and typically small businesses. You can now see it in

If you're not loving what you do on a daily basis, you need to spend a portion of your time looking for that thing.

Don't just let life go by, doing the same thing that clearly isn't working. There is something out there that is perfect for you,

Once you find it, you'll

10 years and no growth.

Waste of breath talking about this.

Distraction.

Buying businesses is one of the successful strategies for growing wealth.

Don't fall into the trap of trying to build 'sexy' tech startups that burn a tonne of cash, have 100 sophisticated competitors, need VC funding causing huge dilution and have a 99% chance of failure.

Take

Australia’s housing market is stuck.

High transaction taxes cause hoarding and low turnover - definition of a broken exchange / market.

New home sales continue to decline and total housing turnover has been declining for a long a time.

The current 5% housing stock turnover

No you're wrong. Inflation is only 4% 😂

If wars were only paid by tax revenue (not debt) and politicians had to also send their children, there would be no wars.

Incentives matter.

This is how the politicians and economists gaslight you.

They’ll say inflation is coming down but you go to the supermarket, check prices and it’s still up from last year.

You think am I losing my mind? How is everything so expensive.

You’re not wrong.

Imposter syndrome needs to be normalised.

Imposter syndrome is the self-doubt of intellect and skills when doing something.

It happens when you're doing new something for the first few times.

Imposter syndrome is usually a barometer for whether you're growing / pushing

Most people allocate their time and money very poorly.

98% of people spend most of their time on their day job, doing the basic day to day tasks that will not earn them anymore.

After a day of work they're tired and then watch TV to finish the day off.

You need spend more of

Despite what you think, houses have NOT increased in value.

In 1971, gold was US$35 an ounce. The avg US house price was $25,000 which is 714oz.

In 2024, gold is US$2,400 an ounce. The avg US house price is $385,000 which is 160oz.

Your house isn't going up in value, it's

Whilst gold prices are increasing, as fiat declines, the amount of gold held in ETFs, or gold miner prices aren’t increasing commensurately because the crowd that would’ve bought gold, is now more focused on bitcoin.