To achieve financial freedom, you must own a piece of a business or have equity as an owner, investor, or shareholder. Renting your time will not make you rich, even for high-earning professionals like lawyers and doctors.

You have to have a clear mission beyond just making money to avoid burnout and ensure long-term success.

You can reduce your burn rate to zero by adopting a minimalist lifestyle, akin to living like a monk.

If you don't deserve money right now, consider alternative paths like cutting burn and striving for break-even, which can create leverage for future funding.

Keep your burn rate low; if you only have enough cash for a few iterations but need many more, it won't work.

To build wealth, focus on becoming an owner rather than just an earner. Invest in assets that appreciate over time, and leverage those assets to create more wealth.

Avoid getting trapped by lifestyle inflation, which can lead to a cycle of working a 40-hour job just to afford things you can't really afford.

You need to be disciplined in how you invest your time to achieve significant financial success.

You need to be disciplined in how you invest your time to achieve significant financial success.