Many people first learned about Bitcoin in 16-17 because of Li Xiaolai. Later on, the market went bear, and the recording of "stupid consensus is also consensus" was exposed, causing a considerable public opinion storm. Going forward, whether it was the EOS investment failure or the exchange turmoil, the former Bitcoin billionaire was once full of controversy. I have a natural dislike for eating melons, and I am not familiar with controversial events, so I do not comment much. Recently, I have had a lot of time and started reading books and listening to podcasts. His path to wealth and freedom should also be a reflection of about 16 years. I started reading with a curiosity for archaeology and learning from outstanding figures. At present, although I haven't read it immediately, there are indeed many viewpoints worth learning. Here are today's reading notes, which will be updated gradually in the next few days. You can simply scan and read these types of books, but friends with plenty of time may also consider reading the original works. 1. Understand the true 'wealth freedom' The essence of wealth freedom is not having more money, but no longer having to sell time for the necessities of life. 2. Three major pitfalls that hinder wealth freedom Inexplicably joining in the fun, eagerly following the crowd (without accumulation), and crushing someone else's heart and soul (idle). Money is not the most important thing because it can be regenerated; Time is not the most important thing, because fundamentally it doesn't belong to you. You can only try to be friends with it and make it work for you. Attention is the most important and valuable resource that you can control and possess. So building a good information flow is very important. 3. Paying is picking up bargains Any time that can be bought with money is cheap; Any sustained attention that can be exchanged for time is valuable. Focus on things that can improve yourself. The heaviest shackle in life is a sense of security Almost all progress can only be achieved by giving up some sense of security. The essence of cooperation is actually for everyone to give up a small part of their sense of security and entrust that part of their sense of security to the cooperating party for protection. What is trust? Trust is believing that the other party will not use the sense of security that they have voluntarily given up on. The foundation of life is' living in the future ' I haven't thought deeply, so I can't 'believe' in my predictions. (Actually, every time we invest money, we should also think about it, rather than hitchhiking.) Living in the present "means being trapped in eternity," living in the past "means being trapped in a worse place forever The so-called investment is nothing more than exchanging current resources for future resources. 6. Ways to meet a benefactor Noble people are not met by luck, you must first become someone worth helping. One must first be a noble person in order to meet noble people, and even more noble people. 7. Regarding "capital" The focus of investment is not on the absolute value of profit or loss, but on the proportion of profit or loss. (Don't compare your profit funds with other KOLs, protect your capital, and stable profits are your money) Regarding 'backwardness' In the past, after 40%, it was lagging behind (60 points); Now, do you think that after 20%, you are lagging behind (the Pareto Principle); Now, in reality, it is very likely that one percent of them will fall behind (especially in entrepreneurship); In the future, it is possible that one in a thousand or one in ten thousand will fall behind. 9. The best strategy to move from mediocrity to excellence: "Multidimensional competition" Don't struggle with people in a single dimension, but find your unique combination in multiple dimensions (which is also why I plan to spend more time learning some knowledge that I don't understand next year). The higher the cross-border cost, the more likely it is to gain significant profits. Every time I cross boundaries, I expand myself into a new dimension (recently, people in the cryptocurrency industry have been learning Vibe coding, which is a good phenomenon). How many of us actually had a background in cryptocurrency? Continuous learning and growth. Only by being outstanding enough in one dimension can one achieve good results in combination with other dimensions. 10. Understand the "metacognitive ability" Metacognition is the ability to see what one is thinking and how to approach problems. As long as a person can step out and look at themselves in the mirror, it is easier for them to continuously correct and upgrade. 11. Methods to improve metacognitive ability do meditation Find your own interests and get in touch. Interested - deliberate practice - doing better - more interested - continue deliberate practice. Without interest, you may not persist in doing boring exercises; Without practice, the original interest will quickly dry up. Spend ten minutes every day reflecting on your thinking process and results. Reflection also helps us adjust our emotions. Calmness is not the result of control, but the result of our emotional connections and finding solutions. Continue reading tomorrow to see if there are any interesting viewpoints. Have you read this book? What do you think?