Wealth vs Money vs Status

Concept Search related

The single frame that decides most career / lifestyle decisions. Three words people conflate; three things that are not the same and don't behave the same.

1. Seek wealth, not status or money. Compounding assets. 2. Find specific knowledge. The thing you can't be trained for. 3. Play long-term games with long-term people. This is the compounding principle. 4. Take accountability. Put your name on outcomes. 5. Build or buy equity in a business (don't sell your time). 6. Find a position of leverage. Code / media / capital / labor. 7. Get paid for your judgment, not your labor. 8. Prioritize and focus. 3 things at a time at most. 9. Find work that feels like play. Specific knowledge + flow. 10. Get lucky by saying yes, surfacing to distribution, being patient. 11. Be patient. All real wealth compounds.

How it's structured

  1. Definitions > "Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is…
  2. Wealth-creation principles (from the Almanack's Building Wealth chapter) 1. Seek wealth, not status or money. Compounding assets. 2. Find specific knowledge. The thing you can't be trained for. 3. **Play l…

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