Here we are people of the internet, In the 50th email from 50 days of writing, David Perell talks about building a Personal Monopoly Investor.
In the mail, David states that we must invest in our self just as we invest in our house. It must increase in value over time. He expands on the topic even more by providing this example -
On the increasing demand side, you should look for growing markets. When I graduated from college, I watched my friends who were interested in finance split into two camps: some followed the traditional route and others studied cryptocurrencies.
The first one works 80 hrs a day and gets linear pay and is feeling he can be better than he. While the second guy stuck to his plan and took all the risks and now is one of the few who can be relied on the work of blockchain and all the companies working in that field have been absolutely welcoming of his work.
Invest in Personal Monopolies with increasing demand and restricted supply. On the increasing demand side, don’t chase hype. If you’re starting from scratch, the hype wave will pass faster than you can become an expert in a subject. Instead, find the intersection between your genuine curiosities and how you think the future will be different.
To be very honest, I know a little about the whole blockchain revolution but I can say for sure that it is going to stay in some way or another. I personally have to look into a lot of it, but I have a few of my art minted in Polygon Blockchain, not because I want to make money, I wanted to learn what happens, and then I looked up several other cryptocurrencies. I will write about it later and I brought this topic because I never had a say in this and now since the whole 50-day writing is ending I thought is the perfect moment.
Coming to building personal monopoly investment, I believe the interest you select is the best monopoly you can create. Look for things that don't add up. I personally find writing, gaming, and designing a lot of fun. So, I might do something that has all three of them in sync. I am sure you might have your interests and no matter how you feel about them, just start creating.
It might be pottery, making jewelry, or like my writing. Just start, start to look for things that will intrigue and seek your attention, then find uncommon patterns with other fields. Invest in those. You will be rewarded tremendously.
Thank you for reading.
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