James Altucher is an American hedge fund manager, entrepreneur, bestselling author, and podcaster. He has founded and cofounded over 20 companies, including Reset Inc. and StockPickr and claims to have failed at 17 of them. He has published 11 books, and he is a frequent contributor to publications including The Financial Times, TheStreet.com, TechCrunch, Seeking Alpha, Thought Catalog, and The Huffington Post. USA Today named his book "Choose Yourself" among the 12 Best Business Books of All Time... (wikipedia)
Your competition is not other people but the time you kill, the ill will you create, the knowledge you neglect to learn, the connections you fail to build, the health you sacrifice along the path, your inability to generate ideas, the people around you who don't support and love your efforts, and whatever god you curse for your bad luck.
I'm scammed almost every day. Or, if not scammed, at the very least someone tries to scam me. Usually more than once a day.
If two people believe in the same story, they might be thousands of miles apart and total strangers, but they still have a sense they can trust each other.
I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.
Being a leader doesn't mean you are the guy who runs things.
Honesty is the fastest way to prevent a mistake from turning into a failure.
It's hard to know which stars in the sky will turn into black holes. And which ones will open up worm holes into entire new universes.
Don't stay at the job for safe salary increases over time. That will never get you where you want - freedom from financial worry. Only free time, imagination, creativity, and an ability to disappear will help you deliver value that nobody ever delivered before in the history of mankind.
The first rule of personal finance is that it's not personal and it's not financial. It's about your ability to make ten changes and not get too depressed over it.
Don't sweat it if you are stuck in the corporate job right now. But begin to plan ahead. I know from much personal experience that it takes 1-3 years to transition from total scratch to making a living from home in any career you want.