Kanyini Prayer… For the World…

On behalf of all of us of indigenous ancestry from the First Peoples of Australia, to all the great Creators of Nature, who have always loved us without condition throughout all our natural life and beyond, I offer this prayer:

More from Life

I used to work 14+ hour days and have a 'no days off' mentality. This year I cut that shit off and focused on building a career and life of quality. The results are higher income, more time to enjoy life, schedule on my terms + stronger relationships. Fuck your "hustle."

The reality is 99% of people's "hustle" is just them hustling themselves. Hustling yourself out of life and into a worker cog. The exact opposite of what you want to become when you're an entrepreneur. You're becoming the same system you sought to destroy.

To build a successful business it takes way more than just plain old hard work. I am a huge believer in American grit, not American hustle. You need hard work, but if that is all you can bring to the table, you have no place running a business.

People work hard because they believe in what they're doing or they feel they have to make it happen. I get that. We have families and people counting on us. But you are failing them all when you live in your office.

We are privileged in even being able to run a business. If you are lucky enough to do that, you owe it to yourself, your loved ones, and the people counting on you to do it the right way. Be healthy. Sleep. Live your life. Be more than your career. 🖤

Erik Torenberg
@eriktorenberg

1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:

I'm increasingly interested in the idea of "personal moats" in the context of careers.

Moats should be:

- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
— Erik Torenberg (@eriktorenberg) November 22, 2018

2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:

People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018

3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than

Things that look like moats but likely aren\u2019t or may fade:

- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
— Erik Torenberg (@eriktorenberg) November 22, 2018

4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.