In the passion economy, the real risk is that your job has to earn a living and meet the needs of your soul.

Six questions to consider if you’re thinking of leaving your job to pursue your passion.

A thread 👇🏽

In the space of half a year, a new class division was ripped through American society: those who can live normally through pandemic lockdowns and restrictions versus those who can't. The two sides have a great deal of difficulty communicating across that chasm.

Of course, media and political elites are, at worst, inconvenienced by lockdowns, so news coverage is heavily slanted against the people who are really suffering from these policies. They're already as forgotten as the designated losers of globalist trade policy.

Spend a day watching mainstream media pandemic coverage, then spend the evening with people whose livelihoods have been utterly ruined by pandemic restrictions. It's like traveling from the Earth to Mars. Completely different worlds, totally different outlooks.

It's exactly like the divide between "free trade" winners and losers, people living in comfortable financial and media bubbles vs. people living in hollowed-out ghost towns with skyrocketing mortality rates. The Wuhan virus gave us a new, even bigger class of Designated Losers.

The new class divide cracked open along some economic and social fault lines that were already present and deepening, such as the growing number of people who preferred minimizing human contact while socializing online. It really is the social schism of the new century.

My highlighted passages from The Psychology of Money by @morganhousel. Thread below

1. The 401k - the backbone savings vehicle of American retirement - did not exist until 1978. The Roth Ira was not born until 1998. If it were a person it would be barely old enough to drink

2. NYU professor Scott Galloway has a related idea that is so important to remember when judging success - both your own and others': "Nothing is as good or as bad as it seems."

3. Margin of safety - you can call it room for error or redundancy

4. "Every job looks easy when you're not the one doing it because the challenges faced by someone in the arena are often invisible to those in the crowd."

5. "The average equity fund investor underperformed the funds they invested in by half a percent per year, according to Morningstar - the result of buying and selling when they should have just bought and held."

8 rules the top play by that those at the bottom should adopt.

— Thread
(requested by followers)

1. Leverage

Most poor people don't leverage. Trying to get everything done yourself will limit you to only how much you can do.

Get more hands working for you, and find a way to pay or show them what's in it for them.

2. Trust

When doing business, poor people would require collateral from strangers, but excuse those close to them because they *trust* them.

That's how you get scammed.

The unspoken rule is to know your safety net whenever you're not taking collateral.

Never need to trust.

3. Morality

Never seen a very successful businessman say "This is not a good thing, it's evil."

It's either good for business or bad for business. Its either effective or ineffective.

Morality will only limit you.

4. Reciprocity

Expecting someone to help you because you helped them in the past is ludicrous.

If you're no longer useful to them, people have no reason to help you.

"Whenever you see water flowing upstream it means someone it repaying a kindness."

— 48 Laws Of Power

10-Life Lessons From The One & Only @naval

~Thread~

“You want to be rich & anonymous... Not poor & famous.”

The goal is to get rich & disappear, not to get noticed!

The problem is that too many people are chasing clout instead of wealth.

Clout is not gonna put food on the table in 5 years. Change your priorities!

“I don’t have time” is just another way of saying, “it’s not a priority”

Being “Too busy” is a myth,

People make time for the things that are important to them.

If you haven’t made enough time then it’s simply because you haven’t convinced yourself it’s a priority.

“Earn with your mind, not with your time”

You’ll never get rich trading your time for money...

Reason being? Because you only have 24 hours in a day & you can’t work non-stop.

Use your mind & money to create a product that will generate you money even while you sleep 🥱

“You can escape competition through authenticity... No one can compete with you on being you”

No 2 humans are exactly the same, there’s something that makes each of us unique.

Find what makes you different & capitalize.

Your biggest competitive advantage is your originality!

I met her, a couple of Feb 14s earlier, on the way back home. It was post-9pm, the compartment was empty, save one girl.

She was dressed up—dress, heels, lipstick—the whole deal. She quickly wiped her tears when I walked in, switching to looking out, resolutely.

THREAD.

I tried doing nothing for a few stations, but then, restless about all the grief that came off her, took the bench opposite hers, finally.

“All okay?” I asked.

She hesitated. Blinked.

“Valentine’s Day,” she replied, sadly.

“Date didn’t work out?”

“He dumped me!”

2.

I winced. An asshole with no respect for symbology!

She rubbed her nose, looking both sad and angry.

Tired from a day of work, I groped for words. What could I say that would help?

"Maybe if—," I began, but she cut me:
"How many times will this same thing happen to me?"

3.

"Every time I like someone, they turn out to be assholes. I was so happy I wasn't single on Valentines' Day. FINALLY. But this is WORSE! I dressed up so much. And went all this way from home... And he, and he..."

Turns out, I realised, one doesn't need to say much.

4.

All sad people on Valentines' need, is a listening ear.

Till, five stations of ranting later, they ask, "So YOU tell me, WHY should I believe in love?"

Interrogated thus, in a local train corner, I felt... cornered. Why should one believe in love, I wondered?

5.