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I'm 39. When I was young I wasted years being broke, woke, anxious, and depressed. Then I found Felix Dennis's "11 ideas to get rich" and it literally changed my financial future This took me 20 years to realize. I'll teach you in 2 minutes: 🧵
Felix Dennis was a badass. • Sold his publishing business for $240M • Bought David Bowie's mansion • Wrote one of the best-selling money books ever Just before he died he bizarrely became a popular poet too
1. "If you are unwilling to fail, sometimes publicly and even catastrophically, you will never be rich." If you're worried about whether you look successful, you won't be. Rejection, failure, and embarrassment lead to enormous wealth. Nothing worth doing is without risk.
2. “People who grow rich almost always improve their s3x life. More people want to have s3x with them. That's just the way human beings work. Money is power. Power is an aphrodisiac. Money did not make me happy. But it definitely improved my s3x life.” – Felix This is shallow as hell because it's true. • Money & power are highly desirable human traits • 90% of life problems can be solved with more money
3. "Whatever qualities the rich may have, they can be acquired by anyone with the tenacity to become rich.” Being rich takes balls. It requires you to be high agency + become obsessed with one thing. That makes you relentless & stops you from giving up when it gets hard. Hard goals get you hard. Learn to love them.
4. “You will never get rich working for your boss.” I didn't want to hear this when I had a job. But 90% of wealthy people own businesses. An employer does the sales & marketing. In return they make all the profit. Instead... Become an owner.
5. “If it flies, floats, or fornicates, always rent it—it’s cheaper in the long run.” Owning depreciating assets is overrated. If you must have them, then acquire them through a business so you can depreciate them. And write them off on your taxes.
6. "Ideas don’t make you rich. The correct execution of ideas does." A simple idea in a saturated market will make you more f*cking money than some s*xy new AI app. Stop fantasizing. Start building boring stuff people are already buying.
7. "The simple rules of talent: Identify It, Hire It, Nurture It, Reward It, Protect It. And when the time comes, Fire It.” Talent = Leverage. • Hire people from 3rd world countries to help you • Build AI agents to remove low-talent work Then use the extra time to enjoy life.
8. “You have an advantage that neither education nor upbringing can buy – you have almost nothing. And therefore you have almost nothing to lose.” Go for broke. Protecting what you've got is stopping you from getting what you could have.
9. “The first $1 million is the hardest. After that, it’s all a game.” That's been my experience. Once you have capital it's easier to build leverage. With leverage you can diversify income streams & de-risk your future.
10. “Many of those who achieve great wealth treat it as a game. The money is just the scorecard.” Your bank account is just a scoreboard of how many people you’re helping other than yourself. If your bank balance is low it's a red flag. It's a sign to start being of service, fast.
11. “Getting rich is not a ‘fair’ process. Life isn’t fair. Get over it.” You can eat the rich or become the rich. The people who get rich want it and work hard for it. The rest give in to excuses. And they let fear cripple them.
Final Thought Felix was one hell of a teacher. He built his early company to $2.5M while being addicted to crack c0caine. He died with great memories instead of fantasies, like the rest of society. His get rich manifesto is still being shared. That's the power of a legacy. Get rich.
The rich build businesses. Traditional business - broken Guru business - broken Royalty business - broken My digital business - just about perfect <a target="_blank" href="https://timdenning.com/500k-v2-xc/" color="blue">timdenning.com/500k-v2-xc/</a>