Limited Downside VS Unlimited Upside | Secret Wisdoms on Getting Rich by Naval | Ep 7

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Quote of the Day -- "If you want to be successful in life, creating wealth, or having good relationships, or being fit, or even being happy, you need to have an action bias towards getting what you want."

What are the "Secrets" to getting rich and creating massive wealth in our life?

Secret #7 -- Understand how to take limited risks to achieve unlimited potential returns

Here are the key points:
1. Don’t partner with cynics and pessimists. Their beliefs are self-fulfilling.
2. To create wealth, you have to be a rational optimist and work with rational optimists.
3. We’re descended from pessimists. But we can change the way we see risks and rewards and re-program our brain.
4. Every successful people in this world has an "Action Bias". They take actions before the judgements come in.
5. We are in the best time to create wealth.
6. In this modern world, the upside is so unlimited, and the downside is so limited.
7. Risk small. Achieve big!

Naval, the legendary tech investor and founder of AngelList, or what everyone would call him "the wisest man in Silicon Valley", have taught me the GREATEST wealth creation lessons that changed my life.

In this whole "The Secret To Getting Rich" series, there will be 20 episodes. I will reveal these 20 lessons (secrets) one by one and share with you guys. Hopefully it could inspire you guys as much as it did to me.

Enjoy! :)

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