Keeping a set amount of money in your checking account and assuming your net worth is only worth that amount, could be a little hack to stay motivated and look for constant growth. This mindset helps overcome the challenge of losing motivation after building a successful company.
The goal for investors should be to survive and be relevant in the long term by being able to adapt to market conditions as they change. In order to do so, it's necessary to deal with China and make sure that they do not surpass America's position in the world as the most important country.
The speaker shares an experience of losing $2 million on an egotistical investor, recommends making a few million dollars before beginning angel investing, and suggests taking due diligence seriously by creating a record of every investment with timestamp.
The speaker talks about realizing they were able to survive on their income for at least two years without needing to make money quickly and without having to fly for business purposes.
The speaker shares how a puzzle encouraged him to collaborate with individuals of different perspectives and pursue his goals without fear of risks, leading him to ultimately find enjoyment in the process.