Memos:
There's a difference between earning money from your expertise and using that expertise to build equity. One pays you for what you do. The other creates the possibility of owning something that grows beyond your direct involvement.
Lots of people try to build digital products because they have low startup costs, they are very scalable, and you can build them on your own schedule. I built one. It made me over half a million bucks in profit—but these 5 lessons learned are worth far more.
“Don't let the noise of others' opinions drown out your own inner voice.”
— Steve Jobs
“What really is great is if you can do what you want to do in life and associate with the people you want to associate with in life.”
— Warren Buffett
“We worked at everything till we found the ideal employers: ourselves.”
— Warren Buffett speaking with Charlie Munger
