> Index <
abilities, developing personal, 111-112
above-average returns, competitive advantage and, 97
abundance, limiting consumption and, 57-59
accepting
bad things, developing the ability to, 113
losses, 68
actions, choosing intentional, 24
active
owners, resources and, 169-170
ownership, 174
advantage illusions, watching out for, 99-101
advantages,
investing in your investment, 91-102
resources and developing your investment, 98
allocating
available resources, 84
resources based on risk and return, 76-77
resources to best opportunities, 211
authority, the ability to understand, 113-114
available resources, allocating, 84
average returns, 101
best-friend relationships, investing in, 110
bigger picture,
connecting each piece to the, 16-19
dealing with an unclear, 20
when you’ve lost the, 21-22
boredom, fear of, 131-132
borrowing at a low interest rate, 188
borrowing, 39
the real cost of, 88
brain,
emotions and your, 134
engaging your whole, 133-136
business coach, the importance of hiring a, 110-111
business owners, advantages of, 171-172
business, understanding the lifeblood of a, 158-159
buying vs. leasing, 78-80
certificate of deposit, choosing a, 78
character, the effect of your, 107-108
choosing how to use resources, 34-35
communicating clear expectations, 201
compensation for temporary use of a resource, 38-39
competitive advantage, above-average returns and, 97
compound growth and non-financial investments, 185-186
conferences, participating in, 110
confront, developing the ability to, 112
connect, developing the ability to, 111-112
connection, asking to make a, 109
consumption and survival, 59-61
delaying, 62-63
limiting, 57-59, 63-64, 181-182
resources and, 56-57
saying no to, 62
seeing, 54-56
too much, 35-36
costs, sunk, 66-69
credit, long-term cost of using, 61
dangerous people, the ability to stand up to, 115
debt,
consumption and, 186-187
deciding how to pay off, 79
how to use, 187-188
overuse of, 189
default behavior, 21
delayed gratification, 62-63
delegate, how to, 200-202
delegating, 196-198
difficult work, doing the, 143-144
diminishing returns, getting trapped by, 182-185
diversification, 208-210
diversifying
when you have no advantage, 212-213
when you need to, 211
emotional ability of delaying consumption, 62-63
emotionally difficult things, choosing to do, 144-146
emotions
and your brain, 134
that trip investors, managing the, 119-136
emotions,
paying attention to your, 21
responding effectively to your, 122-123
the spreading of, 121-122
engagement, the importance of, 117
engaging
in growth, 109-111
your whole brain, 133-136
envy, the danger of, 127
ethics, considering your own, 17
expectations, communicating clear, 201
expected return, factoring risk into, 82
experience, trading a resource for, 35-36
failure, fear of, 128-130
fear
of being left out, 127-128
of boredom, 131-132
of failure, 128-130
of loss, 124-126
of personal rejection, 130-131
fear,
calling out, 33-34
low-level, 48
the spreading of, 122
financial returns, taxes and inflation and, 86-88
flexibility when using resources, 37
formal education, benefits of a, 184
401(k), access to a, 95-96
free markets, competitive advantage and, 97
freelancer, becoming a, 174
frugal saving, 58-59
frugal, deciding when to be, 65-66
future, considering your, 14-16
Google as a shared resource, 31
gratification, delayed, 62-63
growth,
non-financial investments and compound, 185-186
personal, 108
taking initiative to engage in, 109-111
hands-on learning, benefits of, 185
housing, consumption and, 57
human nature, time and, 46
illusions, advantage, 99-101
imitating the crowd, default behavior of, 21
immediate benefits, consumption and, 54-55
immediate cash flow, making decisions, for, 60-61
increasing productivity, investing in, 56
inflation and taxes, financial returns and, 86-88
influences, undesirable, 21
initial investment and payback of returns, 77
interest rate, borrowing at a low, 188
isolation, the limits of, 116
labor market, different sides of the, 167-168
leasing vs. buying, 79-80
left out, fear of being, 127-128
letting go,
gradually, 201-202
the importance of, 114
life coach, the importance of hiring a, 110-111
long-term future, consumption and, 35-36
long-term results,
achieving, 15
immediate cash flow and, 60-61
long-term returns, focusing on, 61
loss, fear of, 124-126
losses, accepting, 68
low interest rate, borrowing at a, 188
low returns, accepting, 101-102
low-level fear brains, 48
management, paying for investment, 65
market, different sides of the labor, 167-168
markets, short-term movements of, 100
maturity, the importance of personal, 113
mistakes, examples of investment, 84-85
money as a resource, 29-30
money, the motivators of, 23
mortality, becoming aware of our own, 47
motivated people, giving responsibility to, 201
mutual fund fees, 66
natural resources, increasing productivity and, 56
network, building your, 105-117
networking relationships, 116
New York Stock Exchange, 29
non-financial investments, compound growth and, 185-186
non-financial resources, 30
obstacles, encountering unexpected, 146
opportunities, sorting your investment, 76
owners, market participation of, 168-169
ownership,
profit-making and, 172-173
owning a business, how to own your work with out, 173-174
owning your work without owning a business, 173-174
passion, what to do with, 199-200
payback of returns, initial investment and, 77
paying for investment management, 65
peers, engaging with groups of, 110
personal
abilities, developing, 111-112
character, the effect of your, 107-108
growth, 108
rejection, fear of, 130-131
trainer, the importance of hiring a, 110-111
primitive emotions, 120-121
problems, confronting your, 142
profits, reinvesting your, 181-182
psychotherapist, the importance of hiring a, 110-111
qualified people, giving responsibility to, 201
rational judgement, ability to maintain, 96
reaching out to people you admire, 109
reading, the importance of, 110
reflection, benefits of, 13-25
rejection, fear of personal, 130-131
relationships in venture capital, advantages of, 95
relationships,
cultivating safe and close, 131
investing in best-friend, 110
investing your, 116-117
networking, 116
rent, money spent on, 57
reputation, keeping your trusted, 36
resource allocation, 78-79
resource,
compensation for use of a, 38-39
time as a, 42-43
resources,
allocating, 76-77
best opportunities and allocating, 211
breaking up your, 85
consumption and, 56-57
deciding how to use your, 34-35
investing your, 98-99
non-financial, 30
ROI and allocating your best, 185
shared, 31-33
storing, 36
taking stock of your, 30
trading, 36
valuing all of your, 27-39
results, long-term, 15
returns,
accepting low, 101-102
average, 101
diminishing, 182-185
increasing, 194-196
risk and return, 81
allocating resources based on, 76-77
risk of loss, 81
risk,
owners getting paid for taking, 164-166
the importance of, 145-146
risky investments, 83
ROI,
allocating resources for your best, 185
competitive advantages and, 96-98
decreasing, 182-183
investment advantages and increasing your, 95-96
measuring and choosing with, 71-89
taxes and inflation and, 87
scalable investments, 183-184
securities, selecting better, 99-100
self-employment, making a decision about, 13-14
sensory experiences, 47
shared resources, 31-33
short-term movement of markets, 100
short-term survival, 15
simple stories, trusting, 153-156
skill, understanding and, 196
skills,
investing in your, 194-196
learning new, 183
sound investing, beginning your foundation for, 19
spending, limiting, 63-64
stock, buying or selling, 65
storing resources, 36
sunk costs, 66-69
survival and consumption, 59-61
survival, short-term, 15
surviving, our instinct of, 47-48
taxes and inflation, financial returns and, 86-88
time,
allowing yourself plenty of, 180-181
reinvesting extra, 202-203
telling yourself the truth about, 41-51
trading your, 203-204
timing, the importance of, 46
trading resources, 36
transportation, consumption and, 57
trust, the importance of, 117
trusted network, the importance of a, 115-116
understanding and skill, 196
understanding, investing in thorough, 156-157
undesirable influences, 21
values, considering your own, 17
venture capital, network of relationships in, 95
wealth, the motivation of, 22-23
Wikipedia a shared source, 31
Wikipedia, using, 38
workshops, participating in, 110
yourself, building, 105-117