8 Ways to Win at Capitalism (Ep. 28) | The Morpheus Clinic for Hypnosis

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Chances are, there isn’t a revolution coming, and you’re going to be living in a capitalist society for the rest of your life. Now what? In this solo episode, Luke shares eight principles for adapting to (indeed, thriving in) the economic system that our listeners live in:

Capitalism is a system where private property and corporations own the means of production, and winning at it means accumulating enough capital to generate income without working for wages.
To win at capitalism, you need to become a member of the capital-owning class by investing in assets like stocks, bonds, or real estate.
It’s important to be a master of capital, not its slave, by using capital as a tool rather than letting it control your decisions.
Cultivating an internal locus of control is crucial, as believing you are responsible for your circumstances empowers you to take action and accumulate capital.
Optimism is essential for winning at capitalism, as it drives investors, entrepreneurs, and content creators to take risks and work hard for future rewards.
Adopting a positive-sum mentality, where wealth creation benefits everyone, is more pragmatic and productive than a zero-sum mindset.
Understanding supply and demand helps you position yourself uniquely in the market, allowing you to charge higher fees or wages.
Living below your means and playing offense by increasing your income through strategic investments or career moves is key to accumulating capital.
Respecting and admiring successful capitalists can help you learn from their strategies and avoid cognitive dissonance.
Wealth amplifies your existing character traits, so it’s important to cultivate good values and principles before and during your journey to financial success.

Table of Contents:

0:00 – Introduction
8:46 – Become a member of the capital-owning class
15:48 – Become a master of capital, not its slave
24:34 – Cultivate an internal locus of control
28:06 – Foster optimism
31:35 – Develop a positive-sum (win–win) mentality
39:31 – Understand supply and demand
45:07 – Play offence, not defence
50:18 – Find winners to admire

Listen above, on Apple Podcasts or on Spotify, or watch the full video on YouTube. Remember to like, subscribe and share!

How to Be an Adult

Luke Chao and Pascal Langdale are the co-hosts of the How to Be an Adult podcast. Possessing of a philosophical approach to life, they are both keenly interested in improving the society they live in. In this podcast, they share their thoughts freely in order to democratize high-quality living.