I’d add “take risks, then do everything you can to reduce the risks.”

Other than possibly in finance, working 100 hours a week _for someone else_ is not going to lead to owning a mega yacht. One needs to actually take the risk and accept the consequences. “Risk” usually is working for no compensation for a while, sometimes years.

(Tech is unique for not absolutely requiring this, in that a VC may be willing to absorb most of the founding risk. The founders receive salaries long before cashflow would support them. In almost any other industry, “owning the means of production” actually means taking that risk yourself.)