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'The Millionaire Fastlane' juicy bits 💎 Issue #83
Plus: a fresh answer for a dilemma, another Munger speech, tacit knowledge, and golden career guidance.
What’s up? 📚
I don’t think it’s just me, but the cover and title might look like what you would expect from some get-rich-quick pyramid scheme poster. Nonetheless, reviews and recommendations lists often mentioned this book as a good starting point for the online entrepreneurship adventure and so I gave it a try.
This book presents a principled approach to attaining wealth that can really buy you happiness. It's not about get-rich-quick schemes, but a methodic process based on figuring out what is important for you and how to create income streams that can free you to live the life you desire.
That’s my review in less that a minute, and as always, there are many others where this came from.
And now, the best things I found on the Internet these past weeks.
New to me 💡
You Can Only Pick Two | 1 min read
One of the best perspectives for anyone in the “I want it all” dilemma.
There’s a lot we want to do. A lot we can do. We have our jobs. We have friends. We have our kids. We have our hobbies. We want to have fun. We want to make money. We want to be good parents. We want to have it all. Of course, the unfortunate truth is…we can’t.
Another Charlie Munger speech in the newsletter. It’s easy to see why.
In other words if you want to help India, the question you should ask is not “how can I help India?”, you think “what’s doing the worst damage in India? What would automatically do the worst damage and how do I avoid it?” You’d think they are logically the same thing, but they’re not. Those of you who have mastered algebra know that inversion frequently will solve problems which nothing else will solve. And in life, unless you’re more gifted than Einstein, inversion will help you solve problems that you can’t solve in other ways.
Deep foray into how to observe and copy what others are very good at but can’t really explain it to you. You get an idea of the four components of what it means to make a decision/take an action based on "it just felt right".
When you notice a practitioner making a rapid assessment of a problem, when they say “it just felt right”, or when they give you an explanation that is full of caveats and gotchas, you now know that they are using an implicit-memory recognition operation that stems from their experiences. If you face a similar situation and you find yourself doing option comparison, this should tell you that your colleague has a prototype that you do not, and that this might be something you want to acquire.
25 Tips for Purposeful Career Planning | 28 min read
There is plenty of gold here. One of my favorites:
Find stretch job postings (for roles a couple of levels above where you currently are) that excite you, and then look at the listed requirements. What skills would you need to build to be competitive? Which sound particularly fun to you? Then, bring your new list of growth opportunities to your next 1:1 with your manager or volunteer for projects that would offer you relevant experiences.
And to keep on topic with past issues I had to include something for prospective leaders. It’s what has a better chance of getting picked out of my reading list after all. Surprisingly actionable.
Most engineers spend four years of college learning to be an entry-level coder. So doesn’t it make sense to dedicate a fraction of that time to learning how to manage?
Please help me grow this newsletter! I’d love if you shared it with your more curious friends.
A most realistic tweet 📆
This week in a gif 🌻
High note ⚡
Last issue most clicked link was Nine Micro Life Hacks I Found on Reddit (That Are Surprisingly Useful).
I hope you enjoyed these last minutes as much as me putting this together.
If you are one of those friends and someone shared this with you, you are in luck, buy them a beer next time you are together, and meanwhile, you can subscribe to This Week’s Worth here:
Until next time,