MWB #1 - Wealth, Books and Leverage

Lessons on wealth, Books, and Leverage

Hello,

Happy new year to you.

I believe the year is starting great. Mine has been good so far and I like that. No matter how yours is (and I really hope it’s good), I will like to tell you that you shouldn’t worry or beat yourself too much. The last 7 days is not enough to determine what your next 350+ days would look like. Only what you DO going forward will determine that. That’s why I wrote this.

In case you do not know, my website is now live and active. It is www.davidalade.com. Please do visit, read and share with your friends, followers and family. Every article that I will be writing going forward will be published on it.

Every Thursday, you will start getting this newsletter from me. In it, I will share the best of what I wrote in the previous week and the best of what I read from others. It will be indeed a year of building a mind without boundaries.

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Best of What I Wrote

1. Why I Read More Than One Book At A Time - In this well beloved of the week article, I shared how my journey into the world of books started and how it has evolved. Importantly, I explained the reason why I read more than one book at a time. I used to carry 1 book around for 3 months, not anymore.

   PS: I have 6 books that I am currently reading now.

   Snippet: After a lot of reading I concluded on one ultimate reason why I (we) read; to know more. The ultimate reason for reading I believe is for the sake of knowledge. Knowing more than you once knew means you can do what you couldn’t do before. It means you can enter rooms you couldn’t enter before. It means you can lay claim to a certificate you couldn’t have before. It means you can teach what you couldn’t teach before. It means you can make the kind of money you couldn’t make before. Knowledge is the key that opens many doors that we all covet.

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2. 7 Timeless Lessons On Wealth I Learnt From Victor Asemota - About 2,000 people have read this article and I strongly believe you should read it as well.

   In it, I summarised some of the timeless ideas that Victor Asemota has shared about wealth. The 7 ideas are:

   • Wealth is a mentality and not a destination

   • Wealth is created from place and time

   • It takes a village to create a billionaires

   • Those who are given to self-pity can’t create wealth

   • Loss teaches more lessons about wealth than anything else

   • Time and money should be invested in compounding opportunities

   • Where you live is more likely to make you rich than how hard you think you are working

   Read the full article for understanding and contest.

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3. Your Wealth Door – Risevest, Bamboo And Trove - a lot of people want wealth but have no idea how to accumulate or build it. This is a developing topic and are of interest for me. For a start, I bring to you 3 platforms that you can utilize to build wealth over time. The 3 platforms allow you to invest in the US stock market from Nigeria. Check them out.

   Remember to use my referral code ( BA08KDO ) for Risevest if you register with them.

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Best of What I Read From Others

1. (Article) Why I’m Stacking Satoshis - Beth Kindig in this article explained why she is bullish on Bitcoin. Her arguments were adoption momentum, solving fiat friction and the believers ecosystem. According to Beth, contrary to when Bitcoin first launched, the level of institution by in is growing. She wrote the article in June 2020, a lot has changed since then but all followed her logic. It’s great read if you are curious about Bitcoin.

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2. (Twitter thread) Have you heard the word LEVERAGE before? I bet you have. If you are on Twitter, you may have probably even heard Naval talk about it a lot or see people attribute it to him. But have you for sat down to consider what leverage means in real life and how you can apply that understanding to your life? Well Eric Jorgenson has done the work for you.

   In these 4 threads, Eric broke down what Leverage is and how we can apply it.

   • Thread #1: Introduction

   • Thread #2: Tool Leverage

   • Thread #3: People Leverage

   • Thread #4: Capital Leverage

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3. (YouTube) Peter Lynch: How to Achieve a 30% Return Per Year - Peter Lynch in this guest talk takes us through fundamental time tested principles on how best we can invest in the stock market. He doesn’t want us to be boarded with the narrative that institutional investors have tools that we don’t but to focus on our advantage and make our good returns.

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Cheers and see you next week!

Do have a great year.