This trend is only getting worse. Once, we elected leaders who cut the tops of trees to ensure saplings get sunlight. To

After 20 years, you can choose to sell that business or automate it and let it ride but with $9.6m invested in a conservative portfolio paying out 5% annually = $480k/year in interest or $40k/mo for you to live off without ever touching the principal nor sacrificing your quality of life.

I want my mind to be active and changing. Learning and growing. When I argue, I want to be teachable and, on occasion, say, “Good point. I hadn’t looked at it that way.” Or maybe even “I was wrong, and you are right. Thanks for helping me understand.”

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ter his initial tweet, the icon-designer had already managed over $100,000. That’s six figures in six days. “The right content, posted at the right time, can create unimaginable results,” writes Traf. And he’s not done yet, as he’s just about to touch $300,000 at the time of this writing.

I think the right move is to start a business that can make you $100k per year in profit. It doesn’t matter if it can’t scale past that, it’s about building that foundation to give you the freedom to try new things. Fail at those new things and it doesn’t matter as you have that financial foundation. It could be something as simple as a consulting or a services business, or a digital product like a course, newsletter, or subscription podcast. Anything that is high-margin, simple, and enabled by the internet.

Let’s get into the latest leaks and everything we know so far about the iPad Mini 6 launch date and everything else you should expect in terms of the price, specs, performance, etc.

I try to watch myself and examine my mind regularly. Am I holding on tight to my opinions, or can my mind be changed? Am I genuinely trying to learn or embracing what supports my preconceived notions and ignoring the rest? Is my brain open to new ideas and thoughts and perspectives? Can I rest in the grey and remember that all is not black and white?

A lot of people go out and start their first business and try to make it a venture-backed startup. That’s the wrong move. That’s like going to the gym and trying to bench 250 lbs on day one. It’s not that you can’t build up to that, it’s just not the right move today.

The iPad Mini was last updated over 18 months ago in March 2019. It got an upgrade of an A12 Bionic processor, some camera upgrades, and also a true tone screen. These upgrades were great at the time, but 18 months later it is already showing its age again.

For purposes of self-preservation, you’d think the rich would be concerned with this level of income inequality. At some point, the bottom half of the globe by income realizes they can double their wealth by taking the wealth of the richest eight families, who have more money than 3.6 billion people. Here in the U.S., the bottom 25% of households (31 million families) have a median net worth of $200. Most recently, a group of protesters built a guillotine outside the Manhattan home of Jeff Bezos to commemorate his wealth passing $200 billion.

I want my mind to be active and changing. Learning and growing. When I argue, I want to be teachable and, on occasion, say, “Good point. I hadn’t looked at it that way.” Or maybe even “I was wrong, and you are right. Thanks for helping me understand.”

If you can bootstrap your way to $300k/yr in profit and invest half of that ($150k/yr) at 10%/yr for 20 years = $9.6m $150k/yr salary to enjoy your life with your family and friends.

In 2020, we‘ve had updates to the iPad Pro’s in March, the iPad Air with the redesign, and the 8th generation regular iPad with an upgraded processor inside it. This means all the iPads have been updated recently, except the iPad Mini line.

VC’s may shit on lifestyle businesses but at the end of the day, they collect a 2% yearly management fee regardless of their success and typically have a great lifestyle (once their fund size is above $100m AUM).

The wealthy have done well over the past few decades, in a supernova kind of way. A ton has been written on this because the data is abundant. There is shocking data at the extremes: The top 0.1% now own more of the nation’s wealth than the bottom 80%. The three richest Americans hold more wealth than the bottom 50%. And there is bad news in broad strokes as well: Since 1983, the share of national wealth owned by lower- and middle-income families has declined from 39% of the pie to 21%, while upper-income families have increased their share of national wealth from 60% to 79%.

My definition of rich is having a passive income that’s greater than your burn. I’m pretty sure we can all comfortably live off $40k/mo without ever having to leave the house.