As an entrepreneur/business owner — There’s a fundamental difference between rich and wealthy people. The former makes and spends money, the latter saves and invests it. This means that not all rich people have a high net worth, but all wealthy people usually do. In purely economic terms, your net worth is the sum of…

We haven’t hit the bottom yet — Almost 3 months ago, I published an article about the 3 tools I am using to identify the bottom of the current market collapse. At the time, the market was headed for a nosedive, and I argued that I didn’t see an end to it any time soon, that it…

What it means to be an entrepreneur in 2022 — In June 2015, Snapchat’s CEO Evan Spiegel closed a $50 million financing round. Instead of investing it all into the company, Spiegel went and used a nice chunk of that change to buy himself a Ferrari. This didn’t look good from the start. 2 years later, in June 2017, he…

On forward-thinking and long-term vision — In late 2004, Bill Gates visited journalist Steven Levy to talk about spam and the future of email. Google had just launched its e-mail service Gmail 6 months prior, and the topic came up during the conversation. Levy explained that the IT department at Newsweek barely gave them enough storage…

Key lessons from a reading experiment — Last Summer, I was lucky enough to go on a 3-week vacation and unwind from my day-to-day responsibilities both at my 9–5 job and my own business. On my last Friday before leaving with my girlfriend on our road trip, I set my Slack status to the palm tree emoji…

“If you’re in the business of making something, be in the business of making something great.” — On a Saturday in March 2005, Bob Iger called Steve Jobs. He had just been named the new CEO of The Walt Disney Company, and he felt like reaching out to Jobs because the relationship between Pixar (Job’s film studio) and Disney had fallen apart throughout the years. Iger has…

On life, school & education. — It took me the first 25 years of my life (that’s a quarter century) to stick to something long enough to start seeing some sort of progress. 3 years ago, I decided I was going to write an article draft every morning at 6:30 am, publish 3 articles per week…

“We had bigger houses, more servants, we traveled more.” — In 1960, a reporter asked John F. Kennedy, who was running for office, what he remembered of The Great Depression, which to this day is considered the longest, deepest, and most widespread recession of the 20th century. It marked millions of Americans for life, rich and poor, and many never…

You’ll never become rich with a 9–5 salary — I was in a meeting the other day and the topic of salary came up. I don’t exactly recall how it happened, but I remember someone said: “I don’t know about you guys, but I could use a raise, especially for the amount of work I get done.” Right then…