My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Post-Economic Decision Making
A decision-making approach where money is no longer the primary motivator for choices, allowing focus on intrinsic fulfillment and optimal life design
How It Works
Once basic and extended financial needs are met, continuing to optimize for money creates diminishing returns and opportunity costs against other valuable pursuits like relationships, health, creativity, and personal growth
Components
Assess whether you have enough money for your desired lifestyle
Identify non-financial sources of meaning and progress
Develop skills and interests outside of wealth generation
Choose projects based on learning, relationships, and fulfillment rather than profit
Practice identity diversification to avoid fixed-gear psychology
When to Use
When you have enough financial security that additional money won't materially change your lifestyle or opportunities, typically after achieving 'enough' wealth for your desired life
When Not to Use
When you lack basic financial security, have specific expensive goals requiring more capital, or haven't developed alternative sources of meaning and identity beyond financial achievement
Anti-Patterns to Avoid
Example
“An entrepreneur who has $10M invested and needs $200K/year to live comfortably chooses to spend time on creative projects, relationships, and health optimization rather than pursuing another business venture that would generate more money they don't need”