Not all success is due to hard work, and not all poverty is due to laziness

It is easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life.

[We] should believe in the values and rewards of hard work. But also realize that not all success is due to hard work, and not all poverty is due to laziness. We should keep this in mind when judging people, including ourselves.

Via Collaborative Fund


The highest dividend money pays is the ability to control your time

The highest dividend money pays is providing the ability to control your time. Being able to do what you want, when you want, where you want, with who you want, for as long as you want, provides a lasting level of happiness greater than any amount of fancy stuff can ever offer. The thrill of having fancy stuff wears off quickly. But a career with flexible hours and a short commute will never get old. Having enough savings to give you time and options during an emergency will never get old. Being able to retire when you’re ready will never get old. The ultimate goal is independence, but independence is not black or white, all or nothing. Every dollar you save is like owning a slice of your future that might otherwise be managed by someone else, and whatever their priorities are.

Via Collaborative fund


Today’s Innovations Are Tomorrow’s Baseline

[Tony Hawk and skateboarding] is an example of something vital to progress in virtually every field: Innovation works like compound interest. Today’s group uses yesterday’s hard work and discovery as a starting point to build off of, rather than a finish line. It took an eternity for one person to master the 900 because there was no one else to watch or mimic. Tony Hawk was alone, like a tinkerer. Today’s skateboarders have a set of directions. They can watch videos of Hawk and say, “Look how he did it. Look how he bent his knees and tipped his shoulder.” Not to mention the motivation of, “If he can do it, I can too.” It’s a roadmap of how to do something, versus the black hole of doubt Hawk faced when trying something no one had before.

Via Collaborative Fund

tony hawk

Tech is now Too Big To Fail (for better or worse)

“Until very recently, tech was exciting, but pretty small, and didn’t really touch most people’s lives very much. And in the past ten years it suddenly became systemically important to global society and democracy, without us quite noticing until it had happened.”

Via Benedict Evans


Simple Rules of Capitalism

You can’t accurately describe how complicated the global economy is.

There are more than 200,000,000 businesses in the world. Three-hundred trillion dollars of financial assets. Eighty trillion dollars of GDP. Almost 200 countries, thousands of cultures and norms.

Via Collaborative Fund


When ego approaches income

“Past a certain level of income, what you need is just what sits below your ego. Spending past a pretty low level of materialism is mostly a reflection of ego approaching income, a way to spend money to show people that you have (or had) money. Think of it this way, and one of the most powerful ways to increase your savings isn’t to raise your income, but your humility.”

Via Collaborative Fund


Why save

“You don’t need a reason to save. Are you saving for a house? Or a vacation? Or a new car? No, I’m saving for a world where curveballs are the most common balls thrown. Only saving for a specific goal makes sense in a predictable world. But ours isn’t. Savings is a hedge against life’s inevitable ability to surprise the hell out of you at the worst possible moment.” (This applies especially for companies at times like these)

Via Collaborative Fund


But the best reason to save is to gain control over your time

“The best reason to save is to gain control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, but can be far more valuable and able to increase your happiness. Savings gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think. Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.”

Via Collaborative Fund

Control over your time is a strategic advantage

“That flexibility and control over your time is an unseen return on wealth. When time isn’t on your side you’re forced to accept whatever bad luck is thrown your way. But if you have flexibility, you have the time to wait for no-brainer opportunities to fall in your lap.”

Via Collaborative Fund


The Power of Flexibility

“In a world where hard skills become automated, competitive advantages tilt toward nuanced and soft skills – like communication, empathy, and, perhaps most of all, flexibility. Having more control over your time and options is becoming one of the most valuable currencies in the world.”

Via Collaborative Fund