38 Ways To Stay Poor (or avoid it) 💰
Hi friends,
Last year while hanging out on YouTube, I saw a community post by Alex Hormozi that got me deeply thinking. He listed 38 ways to stay poor and surprisingly if you avoid them, you'll be rich without trying. The concept here is inversion thinking. This is looking at a problem from the opposite point of view. Instead of focusing on achieving success, we focus instead on avoiding failure.
Here are the 38 ways he shared on how to stay poor (I expanded some for more understanding):
Start tomorrow.
Read books and do nothing.
Take advice from poor people on how to get rich.
Pick a spouse who makes you feel guilty about working.
Fail once, quit forever.
Blame your circumstances.
Blame other people.
Expect the government to save you.
Value the opinions of others over your own.
Complain.
Think the world is fair.
Avoid discomfort.
Tolerate mediocrity.
Make promises and break them.
Wait for perfect conditions to start.
Prioritize looking rich over being rich.
Avoid working on what matters most.
Stay busy. Accomplish nothing.
Say you're going to do something. Don't do it.
Do what the 99% do. Expect to be the 1%.
Do "your best" rather than "whatever it takes".
Talk more. Do less.
Start something new today. Start something new tomorrow. Repeat.
Make mistake. Repeat mistake.
Find something that works. Stop doing it.
Assume you're always right.
Always take it personally. Then, get emotional.
Increase your income. Increase your expenses even more.
Stay undecided.
Compare yourself to people poorer than yourself to feel better.
Do what everyone else is doing. Expect to get something different.
Do things to make everyone else happy.
Value entertainment over education.
Show up late, or not at all.
Never prepare.
See someone make a mistake. Do the same thing.
Think that someone has to lose money for you to make money.
Believe what people say more than what they do.
Here is the inverted version of these 38 ways:
Start today.
Read books and do the stuff that is there.
Take advice from the rich on being rich.
Pick a spouse that makes you feel awesome about working.
Fail once and try again.
Think the world is unfair and act accordingly.
Never blame your circumstances. Thank them for making you who you are.
Never complain. Do something.
Expect no one to save you except yourself.
Value your opinion above others.
Seek out discomfort.
Tolerate nothing but excellence.
Wait for the worst conditions and act anyways.
Avoid working on the stuff that doesn’t matter.
Work on the things that matter most and ignore the rest.
Say you’ll do something and do it.
Do what no one else is doing.
Do your best and make it above what it takes to be successful.
Talk less. Do more.
Start something new today and keep at it until you’re good. Do it for so long that it’ll be unreasonable for you to be bad.
Don’t believe what other people think about you more than what you think about yourself.
Be irreplaceable.
Find something that works and don’t stop doing it. Keep doing it till you’re so bored of doing what works and then continue.
Hire smart people.
Assume you’re always wrong and be willing to learn.
Make money and spend less than you make.
Have a great weekend.
Zubby
🤖 AI’s Summary:
I asked ChatGPT to summarize this newsletter:
Zubby stumbled upon a community post by Alex Hormozi on YouTube, listing 38 ways to stay poor. To practice inversion thinking, he came up with an inverted version of the list, which advices taking action, seeking discomfort, and valuing excellence, among others. The original list encourages procrastination, blaming, and avoiding hard work.
💬 Quote of the week:
“I don’t want to get to the end of my life and find that I just lived the length of it. I want to live the width of it as well.”
Diane Ackerman
🔊 Growth Spread:
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Until next week, take care!
Zubby.