I first heard about this thought experiment from this 2015 talk by Douglas Kruger. He has more to say about the topic. I think it’s worth a listen.
OK, I listened to the talk, and...
I completely agree that wealthy people take more risks, and that wealthy people often think about others as resources to be used instead of authorities. But I object connotationally—if you are not wealthy, trying to copy this strategy is probably not a good idea. Wealthy people take more risk precisely because they can afford it. And they see other people as resources because they can hire them. And they don’t worry about authorities too much, because they can hire a good lawyer that will get them out of trouble.
The thing that separates you from your goals is not the time but the actions you need to take? Well, it’s both. Doing non-trivial things takes time. Getting skills to do those things well takes time, too. Doing all of this only on weekends, because you need a daily job, that makes the time even longer. And by the way, “trying ten big crazy ideas” also takes a lot of time.
You should stick out of the crowd, because celebrities earn more, regardless of whether they actually do a better job. Probably the best advice in the video. But self-promotion also costs you money and time, so the average person now has to split their time between… improving their skills, working on their project, doing the self-promotion, doing the daily job, and dealing with whatever life randomly throws at them. This is doable, but it’s like having two or three jobs, for a few years. But it’s doable.
OK, I listened to the talk, and...
I completely agree that wealthy people take more risks, and that wealthy people often think about others as resources to be used instead of authorities. But I object connotationally—if you are not wealthy, trying to copy this strategy is probably not a good idea. Wealthy people take more risk precisely because they can afford it. And they see other people as resources because they can hire them. And they don’t worry about authorities too much, because they can hire a good lawyer that will get them out of trouble.
The thing that separates you from your goals is not the time but the actions you need to take? Well, it’s both. Doing non-trivial things takes time. Getting skills to do those things well takes time, too. Doing all of this only on weekends, because you need a daily job, that makes the time even longer. And by the way, “trying ten big crazy ideas” also takes a lot of time.
You should stick out of the crowd, because celebrities earn more, regardless of whether they actually do a better job. Probably the best advice in the video. But self-promotion also costs you money and time, so the average person now has to split their time between… improving their skills, working on their project, doing the self-promotion, doing the daily job, and dealing with whatever life randomly throws at them. This is doable, but it’s like having two or three jobs, for a few years. But it’s doable.