How To Make Wealth

Some sage advice about wealth creation, also an interesting analogy about a conservation law for creating wealth. Also there is the element of risk to throw in the mix, the idea being that the job at the post office might be perceived as ‘low risk’ but could in reality be quite ‘high risk’ when all life considerations are measured.

Startups are not magic. They don’t change the laws of wealth creation. They just represent a point at the far end of the curve. There is a conservation law at work here: if you want to make a million dollars, you have to endure a million dollars’ worth of pain. For example, one way to make a million dollars would be to work for the Post Office your whole life, and save every penny of your salary. Imagine the stress of working for the Post Office for fifty years. In a startup you compress all this stress into three or four years. You do tend to get a certain bulk discount if you buy the economy-size pain, but you can’t evade the fundamental conservation law. If starting a startup were easy, everyone would do it.

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