My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“I am the safety net”
What It Means
Personal earning ability and skills are more reliable than external financial safety nets
Why It Matters
Enables more aggressive financial strategies by reducing psychological dependence on savings
When It's True
When someone has proven ability to generate income and rebuild wealth through their skills
When It's Risky
During health crises, major life changes, or industry disruptions that could impact earning ability
How to Apply
Evaluate your own skill-based earning potential when making investment decisions
Consider human capital as part of your overall asset allocation
Use this confidence to take appropriate risks while maintaining basic emergency funds
Example Scenario
“Entrepreneur feels confident investing aggressively in growth assets because they know they could rebuild wealth through starting another company if needed.”