Man, I’m so stoked right now. Even though I think big (and have experienced compound growth), there’s always more levels and more leverage.
I read from The Almanack Of Naval Ravikant for a bit tonight. And now I’m watching a video with Rob Dyrdek (from My First Million, episode 465) and hearing how Rob has massively compounded a ~$12 million net worth to a $350 million net worth (between 2015 – or 2018 – and 2022) is incredible.
Meaning, even though my business has doubled and tripled, then doubled again. I need to stop thinking that it’s harder the further along the scale I go. I need to think the opposite. Think nonlinearly.
So using this site to document and show how much I learn and study is important to me. I don’t think people get it whenever I tell them. It’s also hard for people to comprehend what a 15 years of an obsessive drive to learn and build looks like. What the experience is like.
But if I document my thoughts (and what I study) along the way, it’ll end up being valuable.
And as I mentioned in My writing philosophy for this site, I need to not be thinking about “making content” here. It’s just raw, powerful documentation. Showing my journey… well, as much as I can.
(I’m being a bit hard on myself here, because I’ve been on this path since I was 19. I’m 37 now. And I don’t have a ton documented. Well, I have records and notes saved on my computer. And photos and memories of course. And yeah, I know what all that stuff means. But to create things that are helpful for others. And to leave clues for those interested in success. I just need to keep documenting.)
Investing: Nuveen high-yield funds
I have a number of brokerage accounts… for myself, my trust, and some entities. However, I learned something I didn’t know from Rob (actually learned a lot more than one thing). But just documenting this here for myself (eve though I emailed myself about it too).
When asked about his path to a billion dollars, Rob (in the context of cash investments) said, “…and then I keep a significant amount of liquid dollars in sort of Nuveen high-yield funds that kick off around a blended 10%.”
So I googled that term and here are the links I’ll be looking into. Actually, more like a phone call. Nuveen seems gated and for accredited investors… or those that work in the industry. I’m not sure yet (I asked ChatGPT some questions, but didn’t get to the bottom of it). So the key is to work the phone. Old school. Man, I could write a whole post about how phone is so underutilized by far too many people. And boy oh boy, is phone game a gold mine.
Links:
https://www.nuveen.com/en-us/
https://www.nuveen.com/en-us/campaigns/navigating-fixed-income-markets
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