This needs to be said as most people ignore it.
I tweeted this the other day and just in case if you missed it, THIS is the most powerful factor in wealth creation.
And it has nothing to do with motivation.
It has nothing to do with effort, persistence, discipline, or the usual suspects commonly pushed.
While these help, the most important thing is likely something you never considered.
The most powerful tool for wealth creation is within the SYSTEM you put yourself in. Your choices dictate the system. For example, if you elect to get a job as an electrician, that's a system. A doctor? A system. A cashier? It's a system. Nurse? You've given yourself a system.
Likewise, electing to be an entrepreneur also endows you with a system.
Starting a sandwich shop on the corner? System.
Starting a software company? System.
Joining an MLM to sell overpriced goods and far-fetched fantasies? System.
Starting a YouTube channel? System.
Self-endowed systems go beyond jobs and business. An aspiring actor is part of a system. Artists. If you become a politician and are elected, congratulations; you're now part of a system. Enter office with a net worth of $1M, leave 15 years later with $250M.
Ultimately, the SYSTEM determines how your EFFORT, motivation, and discipline compounds into momentum, or lack of it. The SYSTEM determines if you have access to asymmetrical leverage—which creates wealth—or no leverage at all.
What leverage does your system offer? Or does it?
The best analogy of the SYSTEM/EFFORT Concept is equating your system to a vehicle.
Many jobs are like a tricycle.
If you throw Usain Bolt on a tricycle, you'd beat him in a race.
Did he suddenly get slow? No, the problem is a poor system suddenly
marginalizes his EFFORT.
So many people work harder and longer than myself. And they're
more talented. Their work ethic isn't the issue; it's that the system
they've adopted hinders their effort.