You own products. They’re your property. You can create and sell them to others… even while you sleep.
Intellectual property generates royalties like real estate generates rents.
Buy low, sell high. Over and over and over again.
Whether you’re selling a company for $50 million or wholesaling paper towels. The process is the same.
Services are trading your time and skills for money.
Be valuable. Don’t get commoditized.
If you’re good enough, you can productize your services. Software is useful for this.
But the key to services is to serve, so make sure you love it.