The ladders of wealth creation


You are awesome. You are loved. Have a great weekend.

Hi Reader,

Today's issue will be a quick one as we're attending a family wedding out in Charlottesville. We're also 4 days from our incredible the $10K Bootcamp, a free 5-day event to stop doing low-value work and nail your 2021 goals. (Starts May 18)

PS For my fellow Notion nerds out there, the API was just released this week!


Here are this week's top reads:

// one

The ladders of wealth creation: a step-by-step roadmap to building wealth

9 minutes | Nathan Barry

In anticipation of Nathan Barry's talk at the $10K Bootcamp, I re-read his classic post on creating leverage. Nathan definitely walks the walk. His first job was at Wendys, followed by various stints in the creator economy. Today, he manages Convertkit - a 60 person, $23 mm revenue company that hasn't taken any outside capital.

His Ladders of Wealth Creation model really maps well to the $10K Framework - the first two ladders representing the $100-$1,000 quadrants, and the latter two representing the magic of $10K work.

Read the post

// two

Reid Hoffman’s two rules for strategy decisions

4 minutes | Harvard Business Review

What do speed and simplicity have in common? They form the basis for Reid Hoffman’s two major strategic decision-making frameworks. Although we should take caution against moving recklessly, Hoffman insists that the tradeoffs of moving quickly are worth the rewards that come from taking action. (As an Internet entrepreneur, I can relate.) And even though we don’t want to ignore complexity, Hoffman argues that in a group decision making process, it’s the leader's role to distill ideas in a simple way.

Read the article

// three

The 7 types of meetings that should always be async (and 4 that shouldn't)

8 minutes | Doist

We spent a year asking "does that meeting really have to be in person?" (The resounding answer was “no, stay home.”) As many areas turn the corner on the pandemic, we’re now asking a new question: "does that meeting really have to exist?" And the answer, in many cases, is no. In this post, the author walks us through seven different types of meetings that would be better off as asynchronous conversations, allowing everyone involved the flexibility to work on their own timeline and in many cases, improving the quality of the decisions that ultimately get made.

Read the post

// four

When the hero is the problem

10 minutes | Rebecca Solnit

Our culture loves a hero story. We like the lone narratives of individual warriors who go through a dramatic series of events filled with individual struggles to achieve some goal. In reality, this author argues, the qualities that matter in changing the world don't have much to do with physical courage or violent crashes. What actually matters is our ability to coordinate people and inspire change. It’s nice to believe that all of our problems are personal and that we’re individually responsible for solving them, but this framework takes away the possibility that change actually happens when we work in coalition and solidarity with others.

Read the post

// five

Life lessons from our elders: what I learned after a health scare

4 minutes | Rewire

A few years ago, this author was unexpectedly diagnosed with two separate autoimmune conditions, forcing him to confront his own mortality and leaving him inspired to seriously consider what type of life he wanted to live. In trying to answer this question, he interviewed octogenarians about their major reflections, biggest regrets, and general advice for how younger people can live their best lives. The results are pretty unsurprising: be persistent, be patient, be grateful, and smile.

Read the post


Below the fold

ICYMI

LAST WEEK'S MOST READ

And finally, watch this gorilla's "about face" when he realizes how cold the water really is.

With gratitude,
Khe


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PPS Don't forget to sign up for the free, 5-day $10K Work Bootcamp beginning on Tuesday.

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