If you want to increase your net worth, the best way to it is put your head down and use brute force. It sounds stupid and crazy, but as someone who’s applied brute force for the last 4.5 years, it can get you pretty far. Even if you’re in a poor country. A lot of people don’t like using brute for to get ahead. It’s too much work. Generally speaking, people like to start a business with other people’s money. This can be a great short-term solution. You can always win by flipping other people’s money. But if you want to create something big, the best way to scale up your net worth is by sheer elbow grease.
What does it mean to scale up by brute force?
In this case, scaling up using brute force means exerting the own strength of your own will. It means you roll up your sleeves and do the work yourself. You don’t joining up with any unnecessary partners. If you have partner you minimize their involvement or equity. You avoid taking on debt. You create something from nothing or as little as possible. You make moves strategically and only buy things when you have sufficient amounts of cash. Scaling up using brute force is different from. scaling up using leverage. When you use leverage, you borrow money wisely in order to try to improve your financial status. This is more risky and uncertain in the long run.
Scaling up with brute force is less risky
Well, in the sense that you’re only risking your time. Time is valuable, but if you’re young, your time has minimal value. You can actually make leaps and bounds by just learning a craft. If you work for yourself, everything you do will pad your net worth. You will learn the skills required to earn an income for yourself. The more competent you become, the less risky your endeavors are. You’ll also have a better understanding of money and the economy itself. You’ll know just what it takes to earn the stuff you use.
Starting a business puts you in control of your own income
You don’t get total control over your income from starting a business. But you do get a bit. When you start a business, you know how much work you have to do to make a certain amount of money. You know how much you need to spend on marketing to make a certain number of sales. This means that you’ll be able to set income targets and hit them. This obviously takes a lot of skill, but it’s incredibly worthwhile if you are able to do it. The more control over your own income you have, the easier life feels in the long run.
If you learn how to predict the future, you can make progress
Meaning, you can innovate, and innovate incrementally. This blog is innovative in the sense that it’s run out of a country that isn’t so wealthy, and I take part in an activity that’s performed by people from wealthy countries such as Canada and the USA. I did this for five years, and things have gotten easier since then. It’s not necessarily clear if blogs will be around 50 years from now, but the odds are good that some form of online communication will. By learning to master such a discipline early on, I’m making it so thst my income and skillsets are tied to technology. If I’m lucky and correct about my world views, this will lead to outsized gains for myself.
Working hard will make you mentally stronger
If you work your absolute butt off, you’re going to become mentally tougher. If you scale up your net worth with hard work and not debt, you will be as mentally strong as an ox. It’s quite difficult building a business from scratch. As things get easier and easier around the globe, scaling with bruteforce will make you more and more of a killer.
Building by yourself means you keep your own equity
Equity is what makes you rich. The global wealth gap is far great than the wage gap. The rich are rich because they own assets. This is mainly due to financialization, but it doesn’t matter. Building on your own and doing your own work means you never end up having to sell off parts of your business. It’s really hard at first, but the “pie” gets baked more quickly, and you get to keep all of it in the long run. Don’t give up equity in exchange for an investment. You’re just giving away a slice of the pie.
Scaling with brute force will make you more skilled
And in that case, you’re going to go farther than your peers who are using leverage. The thing is, the world needs more people to create things. Leverage makes things really difficult for normal people, and really easy for clever people. If you can avoid leverage until the right moment, you’re going to have a lot of skills in your back pocket by the time you end up using it. This is painful when you’re young and on the grind.
Focus on becoming more skilled
If you’re looking to scale up your net worth, you want to focus on developing as many skills as possible. The more skills you have, the higher your hourly wage will be. A lot of skills are extremely difficult to acquire, but extremely worthwhile once you have them. A lot of skills are rare. Some skills are more commonplace but can make you money when applied properly and in the right ways.
Acquire education as cheaply as possible
This is what separates the winners from the losers. Student loan debt is often crushing. If you have rich parents, then great. Otherwise, you want to acquire your education as cheaply as possible, without taking on any debt. Debt slows you down, and it enslaves you. An education might make sense in some ways. Going into debt over one doesn’t.
Save and invest
You need to have limits to your spending. If you don’t, life is going to swallow you whole. Make sure that you invest a certain amount of your take home pay. Have a rough idea of how much you want to spend, along with limits to that spending, in advance of when you make the money. This way you won’t end up splurging and going crazy. Save your money and invest it into useful endeavors.
Build your own home
If you can take the time to literally build it yourself, even better. But generally speaking, one of the fastest ways to increase your net worth is to build your own home. Your home is your greatest liability, but it can also function as an asset. The easiest way to make this the case when you aren’t super rich is to build the home yourself. When you build a new house, you create something of value on the spot. If you can’t make more money for whatever reason, build yourself a house.
If you want to get rich, just scale up with brute force. Hard work beats all, and it will make you more skilled at your job than if you relied on leverage, nepotism, or crime. Focus your mind and do the hard work that it takes to build something slowly. Scaling with brute force is incredibly difficult. But when you do it properly and get it done, it feels as though things are falling into place. It’s hard work scaling with brute force, but it’s extremely worthwhile.
Thanks for paying attention.
