To achieve financial freedom, focus on generating passive income without needing to work actively, and keep your burn rate low.

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

Minimalism in design means creating things that are not burdened with non-essentials, focusing on purity and simplicity.

The less you want something, the less you obsess over it, allowing you to do it naturally and effectively.

Frugality is essential for startups; a good indicator of success is the input to output ratio, meaning you should aim to achieve more with less.

Minimize your cognitive load from distracting things that don't really matter; it's hard to overstate how important this is, and how bad most people are at it.

Frugality is essential for startups; the best indicator of success is a high input-to-output ratio, where you achieve more with less.

The best startups practice extreme frugality, which helps them maintain a healthy culture and financial independence, while also being incredibly focused on one or two critical tasks and executing them with intensity, leading to rapid progress week over week.

Calculating your burn rate is straightforward: it's the difference between money in and money out, which you can find in your bank statements.