Nicolas Cole says surrounding yourself with ambitious people teaches you and pushes you forward, but comparing yourself to them backfires. You only see their surface metrics like income, not their risk tolerance or financial situation. Make decisions based on your own circumstances instead.
Chapters
I think surrounding yourself with other people, especially surrounding yourself with people that are further along than you, is great for learning and motivation. It's horrible for comparison and making decisions. The problem is you forget that each person's situation is different. You might be looking at someone who is doing $50K a month or $100K a month and you're like, oh, I should just do that. But like, you don't have the nuances of that person could be completely broke, living paycheck to paycheck, barely keeping their business alive, or that person could have sold a previous company and has $10 million and this is their next one and they're like, I'm just trying. So it's really not helpful to compare where you are relative to other people and instead try to make decisions from first principles of like you have a life to take care of and don't underestimate how your personal risk profile is what impacts every decision you make. And so it's not worth looking at other people's.