SHOW TOPIC:
Talk to your kids about the four freedoms: time, money, relationships, and purpose. Talk to them about their unique abilities. You can start by teaching kids that there's an alternative to the fiat education and it fits perfectly with Bitcoin. Tali and Scott explore these and other applications from the “10X Is Easier Than 2X” framework for Bitcoin Homeschoolers.
IN THIS EPISODE, YOU'LL LEARN:
- Absorbing material from different viewpoints and different people repeatedly assists with learning
- “10X Is Easier Than 2X” is useful for Bitcoin homeschoolers despite the fact it wasn’t written intentionally for either audience
- Rich Dad Poor Dad is a good example of why teaching kids mental frameworks matters
- Contrasting abundance versus scarcity mindsets
- The “pie fallacy” of scarcity in the fiat world
- Truly free markets increase abundance, the pie get bigger
- Abundance mindset leads to happiness
- Talk to your kids about “the four freedoms”: time, money, relationships, and purpose
- Free up your kids to let them identify and develop their unique abilities
- Fiat scarcity mindset creates incentives for people to go to college, to pursue types of careers based on how much they pay instead of what their unique abilities are
- You can start is by teaching the kids that there's an alternative to the fiat education and it fits perfectly with Bitcoin
- Technology and global competition mean it’s no longer good enough to just be good enough
- “Gap versus gain” framework is a powerful tool for everyone, not just kids
- Check out the video (links below) including a clip of Hayek in 1984 talking about a sly roundabout way to take money out of the hand of the government
- Useful and practical tool related to low time preference is Sullivan’s “focus-buffer-rejuvenate” framework
- Rest days are critical. Tali shares personal lessons learned.
- Teaching your kids how to view time has a huge impact on their future success and happiness
- The super high time preference of our society is even reflected in how people drive
- Don’t worry about the commonly referenced age milestones for development
RESOURCES MENTIONED IN THE SHOW:
Dan Sullivan’s “10x Is Easier than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” Amazon
@Bitstein 10/31/2023 twitter post including clip of Hayek in 1984 describing a sly roundabout way to take money out of the hand of government, https://twitter.com/bitstein/status/1719333204602032462?s=20
Robert Kiyosaki’s “Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” Amazon
Robert Kiyosaki’s CASHFLOW boardgame
