Wealth

Ideal scenario : Have the quickness of relational capital, flexibility of paper

assets, longevity of real assets

- What do people already buy

- How can you make the product better / market it better
- How can you insert yourself in the toll position
- Find underutilized assets / unrecognized opportunities and leverage it. Make an
offer which he can't refuse
- Triangulate value
- Excite people to take action
- Everything in this world already exists. All you have to do is make an offer to
the person to access it
- Your problem is always a solution to someone else's problem
- How to find others problems without being awkward

Fears
-----
1. Legal problems
2. Losing everything I built
3. What if all the parties don't deliver their promise. It would damage my
reputation

1. Leverage Relational capital

Pros
----
- Can create a deal with anyone to get access to their assets
- Create a deal a day after something works. Move it across industries. Leverage it
everywhere

Cons
----
- Longevity
- Probably go into uncharted territories
- Default rate might be high and some deals might require selling/management

2. Paper assets : Stock/Bonds/Index funds

Pros
----
1. Highly flexible : With a click of a button you can go out of an investment and
possible to create cashflow if you know the intricacies

Cons
----
1. Not real
2. Not under my control or cannot see it. I cannot have direct impact on the money
made
3. Black swans might wipe out my wealth in large percentages and it will not bring
cash flow

3. Real assets : Real estate/Gold

Pros
----
1. Something which is real and held its value for a long time
2. Something which you can touch and you know will be present in years from now

Cons
----
1. Expensive and debts and complicated financing and hidden fees
2. Illiquid.

4. Intellectual property
Pros
----
1. The amount you earn is in your own hands. Can make a lot of money
2. As long as you are healthy, you can make a ton of money from this

Cons
----
1. Have to deploy it continuously to make money. It is trading time for money
2. Competition