What Every Billionaire Has in Common!

When You Start After College

In our 20s and 30s, we’re all guilty of chasing schemes, hacks, and shortcuts to success. Who wouldn’t want to get rich quick, right? But here’s a little wisdom I’ve picked up along the way:

“The sooner you realize there’s no get-rich-quick scheme, the sooner you’ll start building real wealth and moving closer to your freedom.”

And that’s the truth. Now let’s dive into the habits that truly build wealth and freedom—slowly but surely!

1. Practice Patience: A Personal Tale of FOMO and Redemption

Let’s talk about FOMO (Fear of Missing Out)—that little devil on your shoulder saying, “Buy it now or regret it forever!”

When I bought my first investment property, I thought I’d struck gold! But here’s the thing: the salesperson told me, “This deal is only for today.” My FOMO switch flipped, and I signed on the dotted line faster than you can say “bad decision.”
Turns out, I overpaid. A few months later, I bought a similar property in the same neighborhood for 17% less—all because I took my time, did my homework, and didn’t let FOMO boss me around.

Moral of the story? FOMO is like that pushy friend convincing you to karaoke after three drinks—it rarely leads to good decisions.

Patience, my friend, is a superpower. And it applies to everything—investing, learning, relationships, and health. As the great Warren Buffett said:
“Successful investing takes time, discipline, and patience. You can’t produce a baby in one month by getting nine women pregnant.”
(Ah, classic Buffett humor!)

Takeaway: Good things come to those who wait—and research!

2. Practice the Compound Effect: The Penny vs. $3 Million

Here’s a fun game: You can either take $3 million today or a humble penny that doubles in value every day for 31 days. Which would you choose?

Most people grab the $3 million. And at first, they look like the genius. By Day 10, their penny-loving friend only has $5.12. By Day 20, it’s $5,243—not even close to $3 million.
But here’s the twist: By Day 31, that penny snowballs into a jaw-dropping $10.7 million. Game over.

Takeaway: Big results come from small, consistent efforts. Whether it’s saving, learning, or building habits, compounding is your secret weapon

Pro Tip: The compound effect applies to money, habits, health, relationships, and even reading this newsletter. 😉

Remember, it feels boring at first, but you’ll be able to outpace anyone with the compound effect. So keep compounding!

3. Practice Saving Time: Don’t Be Penny-Wise, Pound-Foolish

"A person who saves small amounts of money but loses bigger opportunities will never succeed in life."

Imagine spending hours clipping coupons to save $5 while ignoring an overdue credit card balance accruing $50 in interest each month. Or driving miles to find cheaper gas, only to waste fuel and time in the process.

Takeaway: Focus on the big wins. Saving a little on trivialities isn’t worth losing on the larger, more impactful aspects of life.

Pro Tip: Prioritize your efforts. Automate small savings (e.g., subscriptions and recurring bills) so you can focus your energy on what truly builds wealth and happiness

This Week’s News

Here are the top stories making waves this week:

• 🧑‍⚖️ Apple Joins Google’s Antitrust Fight: $20 billion is at stake over their search partnership. Read More

• 🤖 Google Upgrades Gemini AI with Anthropic’s Claude: AI wars are heating up! Read More

• 🕶️ Meta to Add Displays to Ray-Ban Smart Glasses by 2025: Will this finally make smart glasses cool? Read More

• 🤔 OpenAI Announces o3 and o3-mini: These new simulated reasoning models are here to flex their intellectual muscles. Read More

• 🚪 Apple Developing Smart Doorbell with Face ID Support: Forget keys—your face might be your next password! Read More

This Week’s Challenge: Save Time by Learning a New Skill

Find one area of your life where you can save time by learning a new skill. For example, a few years ago, I challenged myself to rely less on my mouse. I stopped using it for a few days and discovered so many keyboard shortcuts that I felt like a productivity ninja!

Do you know a skill that saves time? Hit reply and share it with me—I’d love to hear!

This Week’s Cool Tool/Startup

💡 Curio: Smart, talking plush toys that teach kids through educational conversations—no screens required! One of their characters, “Grok the Rocket,” is even voiced by Grimes. Watch the Video

That’s it for this week! Remember, patience, compounding, and time-saving habits are your ticket to wealth and freedom. Now go crush it! 🙌