Create yourself a mathematical equation that scales, then work that equation to death while acting, assessing, and adjusting along the way.
Few people understand that all of our actions and career decisions implicitly tie us into an equation.
This equation can be relatively simple or extremely complex.
At the end of the day, it will be your self-directed EQUATION that determines how much wealth you can (or cannot) accumulate.
Equations that scale make their owners rich.
Equations that do not, make their owners slaves to the system of “trading time for money.”
The beauty of this equation is that you can control its basic variable parameters. But most people DO NOT because most people don’t even know this equation exists!
If you decide to get a job and paid N100,000 — congratulations, you just created yourself an equation to which you are now bound to:
Monetary Wealth = (rate of pay) x (months worked)
If you work 12 months, your equation is N100,000 X 12, which equals N1,200,000
This mainstream advice is the standard prescription for mediocrity.
And it’s clearly not a method to create monetary success in less than 10 years, much less 5.
As you can see, the problem with “trading your time for money” as a conduit to wealth is that the variables are extremely limited and uncontrollable. You cannot work 3,000 hours a day your job in one week. You cannot force your company to pay you N1,000, 000 per month.
There are only so many hours in a day, and years in a life.
The problem remains.
TIME CANNOT BE SCALED.
You cannot work 1000 hours in day.
You cannot live to be 500 years old.
You cannot ask your employer to give you a raise from N1,200,00/year, to N10,000,000.
Your hands are tied because the equation you’ve given yourself SUCKS.
Instead of trying to scale time, start scaling units— units separate from your time.
This means you become a creator of relative value.
Creators produce products, services, books, information, inventions, it doesn’t matter so as long as:
A) Your creation can eventually become separate from your time.
B) You can scale your creation to a level that can change your life.
The other metric is relative value.
Whatever you create, it must be relatively valuable in the global pool of options. This doesn’t mean you have to be the next Steve Jobs — it just means to skew value on one or two attributes; faster shipping, improved operation, better logistics, better service, better UI, better this, better that.
Entrepreneurship is about improving, more so than inventing the next hot thing.
So let’s assume you invent a cool new product that appeals to women who are mothers.
Your equation now becomes:
Wealth = Product Profit X Product Sold.
This is where things change.
Now you can SCALE a part of your equation. There are millions of mothers in one country. Additionally, you control your product operations and can fiddle with pricing, sourcing, and other operations integral to your product.
So if you sell 100,000 products at N20 profit each, you just earned N2,000,000.
If a IG influencer raves about your product in IG and you get a rush of traffic for 1 week, selling 4,000 units, you make N80K or more in a week.
Your ceiling for wealth can be influenced by your execution, marketing, and decision-making. You cannot do this under a “time trade” regime.
This is how you create wealth beyond the BS preached in the mainstream (get a job, save your money blah blah)
Of course I’m not suggesting this is easy.
The key is to change the equation, change the probability, and change your potential outcomes. Nothing is easy, but neither is getting up at 6AM, fighting traffic for 50 years, and retiring with a gold watch on 50% of your income.