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(English) The Untold Truth About Money - How To Build Wealth From Nothing. (DownSub - Com)
(English) The Untold Truth About Money - How To Build Wealth From Nothing. (DownSub - Com)
(English) The Untold Truth About Money - How To Build Wealth From Nothing. (DownSub - Com)
This is what one hundred million dollars would look like and this is what 1 billion
dollars would look like
There's you
You're probably working a job right now one that you got from the degree that you
studied for in university
you probably don't have much in savings your living expenses seem
You have credit card debt that needs taking care of maybe your student
Studying for a degree that you ho can and your job that you hope can bring some
good money
You probably don't have any savings only a pesky student debt hanging above your
head
wealth
getting rich
That all seems like a distant dream. How did they do it you ask yourself seeing all
those millionaires billionaires
It baffles you it makes you angry they got lucky they were born into well
They cheated their way to that money doesn't make them honey as evil and you're not
smart
And I'm just unlucky those dreams you had of buying that mansion your favorite
sports car paying off your mortgage traveling around the world
Nothing more nothing less. You come to the harsh realization. It's a rigged game
What if there was a way of getting there an actual equation to wealth a science
behind the way money works
What if you didn't have to abandon those dreams of paying off your parent's
mortgage or traveling around the world?
Would you call me a liar for saying so I promise that I'm not and by the end of
this video?
You'll understand there's a side to the coin that you're not being shown but I warn
you the road is tough
It's filled with struggle. It's filled with ups and downs
It will need swallowing some difficult roofs of the school system and society
There are many of you who will not make it to the end of this road
But for those of you that do at the end of this road lies wealth beyond what you
thought you could attain at the end
Of that road lies the freedom of never having to worry about money again
so
What do you really think about money is this something you work for is it earned or
is it inherited?
Are you desperate to have more of it? Have you been chasing it?
truth is most of what you think about money has been influenced by your upbringing
and
environment if you were born into a family that didn't have much money growing up
then you're more inclined to believe that YouTube will not
or perhaps you went on the complete opposite end and decided to make as much money
as you can so that you will never be
In that position again the fact that your school didn't teach you much about this
subject
Doesn't help things and because of this most of you are going to have false beliefs
about money that aren't going to help you on
This journey now stick with me here because we're gonna have to change the way
you've been seeing money your whole life
Hollywood has always had a habit of depicting the wealthy and rich as evil
backstabbing entitled or corrupt individuals
Question is have you bought into that stereotype a
Recent report released by Wealth X showed that of the world's ultra wealthy those
that had a net worth of 30 million or more
68 percent of them were self-made and it seems like every other study backs up this
conclusion Warren Buffett
self-made billionaire Howard Schultz born in poverty Oprah Winfrey born in poverty
Jeff Bezos self-made billionaire Elon Musk self-made billionaire Sara Blakely self-
made billionaire
What is it that these people know that you'd on truth is your equation is all wrong
here's the
2-dimensional equation that you've been taught money equals salary earned from a
job past a certain point the prospect of getting a job
Becomes the sole purpose of your education. So what's wrong with that you ask?
I'm gonna assume that if you're watching this you want to make money a lot of it
and in a short amount of time as
Possible if that is your goal. Then this equation for generating money will never
get you there
We all have a precious resource the most important resource for Hall
Dependent on the amount of time you put into that job if you earned
subtracting any taxes or any expenses that you will incur over 24 years and let's
not forget that
Inflation would make your 1 million dollars less valuable the reality. Is that on a
salary of $20 an hour?
You can only really be a millionaire at an old age by living frugally and most of
that precious
Resource known as time has slipped through your fingers. You traded all that time
for money and it wasn't even a substantial amount either
So again you ask yourself. How is it then that there are self-made millionaires and
billionaires that such young ages
what makes them so different and the truth is
They have a better equation than you they have a way of understanding money that
you haven't quite grasped the earth
Pay very close attention now stop chasing money in a capitalist society
You are paid in proportion to the perceived value that you have and the people that
perceive your value
Consumers of the economy the market is you your friends your family your neighbors
Your country people complain that football players are overpaid, but for players to
be paid millions
There has to be a market for the football industry in the first place
People have to see the value in football in the first place for them to want to
spend money on
matches and merchandise and if the market is a high demand for football
Guess what happens to the players who are at the top of their game? They are paid
generously for it
It's not about how hard you work the cleaner that sweating and tiring himself out
every day is paid far less than the accountant
Why?
because the market perceives the value of what the cleaner does to be far less than
the accountant as harsh as it may sound the
Cleaner can be replaced by anybody. It isn't difficult to learn how to do his job
And therefore the market will not pay him more than the accountant the guy who
spent years studying numbers
The guy who has saved his clients thousands on their taxes
But even so we just discussed how getting a job is in the right equation to
amassing a great amount of wealth in a shorter
That makes their perceived value so high the first step to this equation of wealth
is quite simple if you want money solve
problems
If it's a million-dollar problem, then the solution will make you Millions
Then the solution will make you billions think about all the problems that our site
like Amazon
solves the hassle of going to a store that hassle of having to wait weeks for a
delivery cheaper prices and so on not to
Mention all the other companies that Amazon bones and the problems that those
companies solve
Jeff Bezos helped solve a billion-dollar problem and also awarded favorably for
doing so
If you've been chasing money, then you've been doing it all wrong
It isn't money that you should be looking for you should be looking for problems
and more importantly
Solutions to those problems and once you found that solution make a business around
it
Wait, so that's it
Just solve problems and money will appear so I'm gonna have to create the next
Amazon for me to be rich or the next Facebook
Or Google you've got to be kidding me, right? I don't even know how to code
I don't even hold on your wants more going into old patterns of thinking start with
a problem always start with a problem
What are people saying frustrates them? What do people think is incredibly
inconvenient?
Is that a problem that you can solve and also is a problem that is worth solving
The final step of this equation to wealth is finding a scalable solution to the
problem your solution needs to affect a
Is your solution a piece of software then that means once that software has been
built you can scale it
Infinitely online without needing to worry about things like production or shipping
costs as it's all done virtually
Good luck finding infinite scale with a job, but be careful does your solution
require your time to generate money
Let's say you were a yoga teacher that charged $100 per hour
There's only a certain amount of lessons that you can feasibly do in one day
And therefore your income is time-bound, but if you created an online yoga class
that ran
24/7 with lessons you only had to create once now that is scaleable scaling your
solution is critical here
So do not get lost on this point automation also plays an important role
systems and processes will keep your business running like a smooth machine if
Implemented properly if there is something in your business that you can outsource
to somebody else or hire an employee to do it for you
So then do it tasking yourself with everything is a bad thing as much as you may
think you're the best
There's someone out there that can do a better job than you once you've found a
solution
It's your job to make sure that solution can be accessed by everyone in your market
It's not about your ego and it's not about what you're passionate about. The market
doesn't care about your passions
So now that you have your profitable business running with the right systems and
processes in place
There are two likely paths you're going to face at this point you either
This is the acquisition the moment someone buys the solution that you spent years
building a business around
This is Instagram being acquired by Facebook for 1 billion. This is PayPal being
sold to eBay for 1.5 billion of which
165 million went straight to Elon Musk's pocket and the countless other liquidation
events that happen across the world
This is where all the effort that you spend into building. Your company comes to
fruition
And if you choose to continue running your business, well, there's a multitude of
reasons for you wanting to do
So maybe you love the company that you built will want to stick with your baby
Maybe you think you can add more value to the company and sell it down the line for
more than it's currently worth
Perhaps that business runs passively in the background so you don't have to do much
to keep the wheels turning
Or maybe it's a combination of these three things. Either way you did it
You solved a problem that the market wanted solving and it were awarded you
favorably for doing so and so now I ask you what?
From the very start this was never about the money
Paying off the mortgage buying your dream car traveling around the world never
having to worry about your financial situation
It's the freedom that you were looking for. Your destination wasn't anything
monetary related
The ability to do what you want whenever you wanted without ever having to cast the
thought towards can I afford this have I used?
Up all my holidays for the year. How am I going to pay the rent? Will I be able to
live off my pension?
Because I can't afford to pursue them the most important lesson from this video was
never about the nature of money
It was about the one valuable resource that we all have the one resource
Is giving up a large chunk of your time towards a job that you probably don't like
worth it
Is your life settled on working coming home watching the telly?
Sleeping waking up the next day and repeating the same cycle till you retire
How many more hours of your life do you let slip through because of this pattern?
Perhaps you have no other choice but to follow that path for the time being and if
that's the case
There's nothing to worry about the most you got from this video was a little
entertainment and maybe a change in perspective
but there are those of you that understand the other side those of you that have
the desire to
Never need to worry about money ever again. And so I feel the need to remind you
Stop chasing money chase problems and find the solution to those problems
This is the equation through which all money is found if you desire Liberty through
never needing to worry about money ever again
Does it mean you'll be happy at the end of the road doesn't mean you'll feel
fulfilled only you can answer that question
Of course I missed out on a lot of intricacies in this video the topics of business
money
Entrepreneurship are far too vast for me to cover in a single video like this
I do recommend you read the works of MJ DeMarco who heavily inspired me to create
this video and it's also important to come back
To an original point that I made at the start of this which is that most people
will not succeed for various reasons
Failing fast and moving on to the next thing and if you're out there doing
something that isn't strictly related to a business
But you want it to make money then asking yourself the question of what problems am
I solving?
Monetizing whatever it is that you're doing and that also includes a job and a
career if you can solve more problems and find more
Solutions at your place of employment you have something that you can use to
leverage a higher salary
But I will end this all on the same message that I have repeated numerous times in
this video
Hey, you've arrived at the end of the video and thank you so much for watching, but
don't click off just yet
I do want to take the time to say thank you very much for watching to the end these
things
Take quite a few sleepless nights to research script film and edit
if you genuinely
Enjoyed this video then don't be shy hit the like button and if you disliked it hit
the dislike Vaughn twice just to be sure
And comment down below and let me know why my goal with this channel has been to
create entertaining documentary style videos on business
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All of that being said, I hope you have a wonderful rest of the day as per usual.
My friends hand ahead salute
You