I hit a hundred million dollars in net worth at age 31, but before that I lost all my money twice.

And the difference between me losing all my money the first few times, and now, are these rules.

So this is no obvious advice for making money and keeping it.

Number one, passive income is a lie. If you think about how money is made,

you make money during time because every minute we're alive a minute passes time

passes and we make money over that time period which means every single person on

planet Earth has a dollars per hour that they make and so it's not that passive income doesn't exist,

just as much as active income doesn't exist.

It's a spectrum where it's how active is it,

or how passive is the activity that I'm doing relative to the time that I'm investing and so I would eliminate active versus passive and simply say what is my return on time or how much do I make per hour.

It's just that most people get really scared of that

because they're like no one should trade their hours for money.

Everyone trades their hours for money.

It's just that when they receive the money, it's just not

denoted in hours. And so I think there's two downstream impacts in terms of

changing your behavior around this that I had to apply. Number one is that I was

obsessed with trying to find quick easy low effort money things and so I ended up spending tons of money on things that I was obsessed with hoping would cost me no time to make

and I would put not nearly enough time to the things I was actively

making money with and thinking how could I just make my active income

significantly higher and I would get obsessed with the idea that everything

I did actively had to be scalable or it wasn't worth it because if it's not

scalable then why why should I buy it I shouldn't trade my time for money but if I

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