Problem-Solving Frameworks Demystified: how to create a framework that makes the most of your time, attention, energy and money.
Frameworks are the answer to this question: how will I spend my time, attention, energy and money to solve ____ problem?
Frameworks don’t have to be complicated.
An outline is a framework for how to spend time writing. A to-do list is a framework for using your attention. A budget is a framework for spending your money.
Building a framework is a creative act.
The why(s) and first principles of the given problem act as your compass.
Example: My personal framework for building wealth:
Why(s): #1 — Freedom, #2 — Adventures (travel, snowboarding), #3 — World Impact.
Universal First Principles: #1 — Making $ > Saving $, #2 — Equity is necessary for wealth, #3 — Compounding interest.
Personal Frist Principles: #1–9–5 no kids (I have free time), #2 — Limited cash, #3 — Skills = good at writing + good at generalist roles in SaaS companies.
Personal wealth building framework (whys/first principles in parentheses):
#1 — Crush it at work (good at generalist roles in SaaS companies)
- My job gives me an opportunity to have a positive world impact, improve my SaaS generalist skillset and earn raises/equity. It also gives me something to write about and extra $$$ to invest in step #2…
#2 — Place small bets on info products (good at writing)
- Passive income streams give me equity in small products and aligns to my value of free-time (unlike a services business).
- I can create info products that will make a meaningful impact on people’s lives (world impact).
#3 — Spend extra cash flows.
- Adventures (one of my whys).
- Build more small bets (more passive-income = more freedom).
- Invest (owning equity, compounding interest).
- Lending on Kiva (world impact).
This framework is my high-level plan for spending time, attention, energy and money to achieve an outcome: wealth.
Once you have >80% confidence in your framework, it’s time for the most crucial step: put a system in place that allows you to execute in the real world.
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