Unfiltered Truth About Money
How to Get Rich
by Felix Dennis
Business
TL;DR
This book is a raw, no-bullshit guide to accumulating serious wealth, emphasizing that it's a marathon of obsession, not a sprint. You need to own everything you can, because being an employee is for suckers who don't want the big bucks. Taking calculated risks is non-negotiable; playing it safe guarantees mediocrity. Cash flow is king, so don't run out of oxygen. And most importantly, you gotta have the grit to keep going when everything goes sideways, because it will. It's about relentless drive, strategic ruthlessness, and never settling for less than total control.
Action Items
Brainstorm one thing you currently do for someone else that you could potentially start doing for yourself, owning the outcome.
Pick one task related to your money-making goal and dedicate an extra, uninterrupted hour to it today, ignoring all distractions.
Identify one small, calculated risk you could take this week towards a financial goal, and list one potential upside and one potential downside.
Review your last month's bank statement and identify one recurring expense you could cut or reduce.
Think about a recent setback or failure. Instead of dwelling on it, identify one concrete lesson you learned and how you'll apply it next time.
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Key Chapter
Chapter - Why Owning Your Shit is the Only Way to Get Rich
Look, everyone talks about 'passion' and 'hard work,' but this book slaps you with the real deal: ownership is the ultimate cheat code. You can work your ass off for someone else, making them rich, or you can bust your butt building something you actually own. Think of it like this: are you happy being a tenant, paying rent forever, or do you want to own the whole damn building? When you own, you control the narrative, you reap the rewards, and you dictate the future. It's not just about money; it's about power and leverage. Stop being a cog; start building the machine.
Key Methods and Approaches
Own the Damn Farm
(AKA: The Importance of Equity)
Description:
Don't just work on someone else's farm; buy the whole damn thing. Or at least a big chunk of it.
Explanation:
Imagine you're at a party. Are you the dude bringing the snacks, or are you the one who owns the house and charges everyone for entry? Getting rich isn't about being a good employee; it's about being the boss, the owner, the one who gets a slice of every single pie. If you don't own it, you're just renting your time for someone else's dream.
Examples:
Starting your own side hustle instead of just working overtime for your boss.
Negotiating for stock options or equity in a startup, not just a salary.
Investing in real estate or businesses where you have a stake, rather than just buying consumer goods.
Turning your hobby into a business where you control the product and distribution.
Today's Action:
Brainstorm one thing you currently do for someone else that you could potentially start doing for yourself, owning the outcome.
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