How To Get Rich
Sintesi
TLDRIn this video, the speaker reflects on his transformation from a medical student to a successful entrepreneur, emphasizing that achieving wealth often requires an 'unhealthy obsession' with making money. Throughout his journey, he encountered many individuals who have achieved wealth, all sharing a common trait of relentless focus on their financial goals. He emphasizes that these pursuits often come with sacrifices, primarily in personal life and relationships, and acknowledges that these imbalances can lead to regret and unhappiness. By contrasting his current balanced lifestyle with his prior single-minded dedication to wealth building, he illustrates the necessary effort and mental focus to reach financial success. He urges viewers to evaluate their own commitments toward their goals and to either enhance their efforts to pursue wealth or reassess their ambitions to avoid personal misery due to misalignment.
Punti di forza
- ๐ฐ An unhealthy obsession with making money is crucial to getting rich.
- ๐ฅ Sacrificing a career or personal life can be necessary for financial success.
- ๐ Focused effort and time management are key to achieving wealth.
- ๐ Content consumption should align with the goal of becoming rich.
- โ๏ธ Rich individuals often experience imbalances in life while pursuing wealth.
- ๐ค It's important to assess if your ambitions align with your actions.
- ๐ Commitment to wealth-building activities is essential for success.
- ๐ Consider time spent on revenue-generating tasks versus leisure activities.
- ๐ Wealth-building requires a shift in mindset towards constant learning and focus.
- ๐ Misalignment between goals and actions can lead to personal dissatisfaction.
Linea temporale
- 00:00:00 - 00:05:00
The narrator reflects on their personal journey from being a doctor to building a multi-million dollar business, sharing how public interest has shifted from productivity tips to inquiries about getting rich. They recall a pivotal moment in medical school when a professor suggested they could become a millionaire but be struck off the medical register, provoking mixed feelings about their aspirations for wealth versus their medical career.
- 00:05:00 - 00:10:00
The narrator emphasizes that their wealth resulted from an unhealthy obsession with making money, which is echoed in comments on social media. They discuss their experiences with various affluent individuals, revealing that many successful people share this intense obsession with wealth as a common trait, which often leads to neglect in personal relationships and a lack of work-life balance.
- 00:10:00 - 00:15:00
An anecdote about a wealthy individual illustrates how neglecting family and personal life in pursuit of wealth can lead to regret. The narrator expresses a fortunate outcome in that their obsession sacrificed their medical career rather than personal relationships, reiterating the importance of assessing life priorities amidst the pursuit of wealth.
- 00:15:00 - 00:20:00
The discussion shifts to whether one must have an unhealthy obsession to succeed in high-stake fields such as sports or acting. The narrator encourages the audience to acknowledge their ambitions and the required sacrifices. They challenge societal perceptions that stigmatize wealth pursuits while recognizing that dedication is necessary to stand out and achieve high success.
- 00:20:00 - 00:28:11
Reflecting on their current lifestyle and content consumption habits, the narrator contrasts their past obsessive focus on wealth accumulation with a broader perspective that includes personal interests and well-being. They advise viewers to examine their own goals and actions to ensure they align, ultimately suggesting that clarity in ambitions and willingness to commit effort are crucial for aspiring to wealth without regret.
Mappa mentale
Video Domande e Risposte
What is the main reason the speaker got rich?
The main reason he got rich was due to an unhealthy obsession with making money.
Did the speaker have to sacrifice anything to get rich?
Yes, he sacrificed his medical career and time spent on relationships to focus on building his business.
What is the speaker's view on work-life balance while getting rich?
He believes that achieving wealth often leads to an imbalance in life, with the focus primarily on the pursuit of wealth.
What does the speaker suggest for those wanting to get rich?
He suggests developing an unhealthy obsession with the goal of getting rich and dedicating significant time and effort towards it.
Are there exceptions among those who became rich without an obsession for money?
The speaker notes that he has not met anyone rich who was not unhealthily obsessed with making money.
What is the significance of mental bandwidth in the path to becoming wealthy?
Mental bandwidth reflects what one prioritizes; those aiming for wealth should prioritize learning and actions towards that goal.
How does the speaker define an 'unhealthy obsession' with making money?
An unhealthy obsession involves dedicating time and effort exclusively to the pursuit of wealth, often at the cost of other life aspects.
What does the speaker recommend to align one's actions with financial goals?
He recommends changing time management and content consumption to focus more on wealth-building activities.
Can ambitions for wealth lead to personal happiness?
The speaker believes that the pursuit of wealth can lead to personal misery if not aligned with one's actions.
What lifestyle changes does the speaker suggest for achieving wealth?
He suggests reducing leisure activities and increasing focus on entrepreneurship and business building.
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- 00:00:00this is a video on how to get rich why
- 00:00:02am I making a video on how to get rich
- 00:00:04when I was working as a doctor and doing
- 00:00:06the YouTube and business stuff on the
- 00:00:07side no one ever asked me "How do you
- 00:00:09get rich?" They would always ask me "How
- 00:00:11do you manage your time how do you how
- 00:00:12do you be so productive?" And all of
- 00:00:14this all of this sort of stuff but now
- 00:00:15like 8 years into this journey I've now
- 00:00:17built a multi-million dollar business i
- 00:00:18have a team i never have to work again a
- 00:00:20day in my life if I don't want to now
- 00:00:21when I give talks and when I do Q&As's
- 00:00:24and when I do like events and stuff
- 00:00:26people will come up to me and ask
- 00:00:27questions and the questions are no
- 00:00:29longer about how do you manage your time
- 00:00:31and how do you be productive the
- 00:00:32questions like 90% of them are basically
- 00:00:35how do you get rich it's framed in
- 00:00:37different ways you know what's your
- 00:00:39advice for getting a high paying job uh
- 00:00:41what's your advice for having a having a
- 00:00:42side hustle that makes enough money for
- 00:00:43me to quit my job what's your advice for
- 00:00:45you know how I can have a sixfigure
- 00:00:47lifestyle business doing what I love and
- 00:00:49I want to talk about something that I
- 00:00:50don't think I've talked about on this
- 00:00:51channel before basically back in 2015 I
- 00:00:53was in my third year of medical school
- 00:00:55it's a six-year degree at Cambridge
- 00:00:56University and after 3 years we had like
- 00:00:58a halfway graduation type thing i was at
- 00:01:00this halfway graduation with the other
- 00:01:02medical students in my college there
- 00:01:03were like 15 of us and sitting with our
- 00:01:05professors who'd gotten to know us over
- 00:01:06the last 3 years and one of the
- 00:01:07questions in the yearbook um that the
- 00:01:09medics were talking about was which of
- 00:01:12us is most likely to become a
- 00:01:13millionaire but be struck off the
- 00:01:15medical register which means you're no
- 00:01:17longer allowed to practice medicine
- 00:01:18because they've deemed you incompetent
- 00:01:19they've struck you off the medical
- 00:01:20register big deal and one of the
- 00:01:23professors who had known me for 3 years
- 00:01:25and had taught
- 00:01:26me said "Oh it's obviously Ollie." And I
- 00:01:30was like "Oh shit." At the time I had
- 00:01:34not started this YouTube channel this
- 00:01:35was 2015 i started the channel in 2017
- 00:01:38at the time I spent quite a lot of
- 00:01:40effort like trying to trying to be a
- 00:01:41good doctor trying to sort of do my you
- 00:01:43know get the grades and you know
- 00:01:44whatever and I got a first class degree
- 00:01:46in one of my exams and then that year I
- 00:01:47sort of ranked in the top two in the
- 00:01:49subject and like won a prize and stuff i
- 00:01:50I thought I was pretty dedicated to
- 00:01:53medical school
- 00:01:55stuff and this professor who I really
- 00:01:57looked up to casually in the in a dinner
- 00:02:01context i was like "Oh you know which of
- 00:02:02us is more most likely to be a
- 00:02:03millionaire but be struck off the
- 00:02:05medical register which is like a really
- 00:02:07bad thing." He just he he he said it
- 00:02:10would be me i'd be most likely to be a
- 00:02:11millionaire but be struck off the
- 00:02:12medical register i didn't actually get
- 00:02:13struck off the medical register thank
- 00:02:14goodness i voluntarily took my name off
- 00:02:16of it when when I when I quit medicine
- 00:02:18to do full-time business
- 00:02:20entrepreneurship type stuff but that
- 00:02:22made me feel pretty bad i was like
- 00:02:24"Huh?" Like part of me was like "Oh he
- 00:02:26thinks I'm going to be a millionaire."
- 00:02:27But the bigger part of me was like "Holy
- 00:02:30he thinks that my pursuit of money is
- 00:02:32going to get me struck off the medical
- 00:02:33register."
- 00:02:36What i think the only reason I got rich
- 00:02:38or the main reason not the only reason
- 00:02:40the the main reason I got rich was
- 00:02:42because I had an unhealthy obsession
- 00:02:45with making money an unhealthy obsession
- 00:02:47with making money there's a thread on
- 00:02:49Reddit there's like a junior doctor's
- 00:02:50subreddit and someone like posted
- 00:02:52something a few like last year like
- 00:02:54"What do you think of Aliabadal?" You
- 00:02:55know and some comments on this thing
- 00:02:56were like "Oh you know I like his
- 00:02:57productivity content and he he helped me
- 00:02:59study for my exams." But there were a
- 00:03:00bunch of comments being like you know
- 00:03:02that dude is totally obsessed with money
- 00:03:03he's just obsessed he has an orgasm
- 00:03:05thinking about money dude is so obsessed
- 00:03:06with making money and it's interesting
- 00:03:08cuz this is now like 10 years on this is
- 00:03:0910 years after that graduation dinner
- 00:03:11where my professor basically told me I
- 00:03:13was obsessed with making money to now
- 00:03:15people on the internet telling me I'm
- 00:03:16obsessed with making money um and
- 00:03:19honestly it's true it's true during the
- 00:03:22era where my business grew from zero to
- 00:03:245 figures to six figures to seven
- 00:03:25figures and suddenly I was making more
- 00:03:28money than a doctor would earn in a
- 00:03:30lifetime in a year in that era I was
- 00:03:33totally obsessed with making money if
- 00:03:34you want to get
- 00:03:36rich i kind of think you need to be
- 00:03:38obsessed with making money i'm sorry i
- 00:03:41think I think that's
- 00:03:43it i know a lot of people who are rich
- 00:03:45now you know when you become rich you
- 00:03:46start hanging out with other people who
- 00:03:47are very rich i have been on business
- 00:03:49trips and stuff with people with net
- 00:03:52worths in the multi-7 figures i.e up to
- 00:03:55$10 million like $1 to $10 million i've
- 00:03:56hung out with people who are and have
- 00:03:58net worths in the $10 to $100 million i
- 00:04:01interviewed a guy who's now a friend of
- 00:04:03mine actually he wrote a book called
- 00:04:04Never Enough his name's Andrew Wilkinson
- 00:04:05he's a billionaire with a B like net
- 00:04:08worth of $1,000 million plus i have
- 00:04:10gotten to know a lot of really rich
- 00:04:12people i have not met a single one who
- 00:04:16was not unhealthily obsessed with the
- 00:04:18goal of making money with the goal of
- 00:04:20getting rich with the goal of building
- 00:04:22their
- 00:04:22business once they get rich that is when
- 00:04:26they start thinking about work life
- 00:04:27balance that's when they start doing
- 00:04:29side quests right you know bro has
- 00:04:30completed the main story line by getting
- 00:04:32rich and now bro is doing side quests
- 00:04:34that's when they take up martial arts
- 00:04:36that's when they take up video gaming
- 00:04:38it's when they start writing books about
- 00:04:39like how to be more productive and how
- 00:04:41to like live your best life and you know
- 00:04:44I know lots of people who got
- 00:04:45rich through the process of them getting
- 00:04:48rich they were married and had kids and
- 00:04:52pretty much all of them felt as if they
- 00:04:54weren't present enough for their
- 00:04:56relationship and for their family and
- 00:04:58then they get rich and then they realize
- 00:05:00you know there was a guy I was speaking
- 00:05:01to he was like 42 or something uh he was
- 00:05:04rich way richer than I am uh I would
- 00:05:06estimate his net worth to be in the $10
- 00:05:08to $100 million rangeish he I was
- 00:05:11chatting to him about a year ago on a
- 00:05:12trip and he said that his unhealthy
- 00:05:17obsession with growing his business uh
- 00:05:20meant that he missed the first like 10
- 00:05:22years of his kids' childhood because he
- 00:05:25was always working and was on the brink
- 00:05:28of divorce because he was always working
- 00:05:30and it was just a stroke of luck that
- 00:05:32saved his marriage and he became less
- 00:05:34obsessed with making money then and
- 00:05:35started to think about work life balance
- 00:05:38this is a video on how to get rich how
- 00:05:40do you get rich by having an unhealthy
- 00:05:42obsession with getting
- 00:05:45rich to the point often that it
- 00:05:47sacrifices other areas of your
- 00:05:49life in my case I'm kind of lucky that
- 00:05:52my unhealthy obsession with getting rich
- 00:05:54the thing that it sacrificed
- 00:05:57was my medical career um thankfully it
- 00:06:01didn't sacrifice it in the way that the
- 00:06:03medical career was taken away from me by
- 00:06:05force by me getting struck off the
- 00:06:06medical register but it basically
- 00:06:07sacrificed my medical career because my
- 00:06:09obsession my unhealthy obsession with
- 00:06:11getting rich made me build businesses
- 00:06:12and stuff and I realized I enjoyed that
- 00:06:14more and then I I left the day job that
- 00:06:16it's actually very fortunate if I'd
- 00:06:18gotten married and had kids and then
- 00:06:19developed an unhealthy obsession with
- 00:06:20getting rich or had an unhealthy
- 00:06:23obsession with getting rich and was
- 00:06:24growing my business and stuff to the
- 00:06:25point where I then got married and had
- 00:06:27kids that unhealthy obsession with
- 00:06:29getting rich might well have caused me
- 00:06:32to look back on my time with regret
- 00:06:33thinking man I missed my kids' childhood
- 00:06:35as I was getting rich I had in the back
- 00:06:37of my mind that like okay this is fine
- 00:06:39but really the important things in life
- 00:06:40are like health and relationships and
- 00:06:42stuff and like I don't want to I don't
- 00:06:43want to screw this up um you know a
- 00:06:45really good book is How Will You Measure
- 00:06:46Your Life by Clayton Christensen a book
- 00:06:48like Designing Your Life by Bill Bernett
- 00:06:50and Dave Evans there's books like Sil's
- 00:06:52The Five Types of Wealth which talks
- 00:06:53about how financial wealth is only one
- 00:06:55type of wealth i think I managed to
- 00:06:56avoid uh a lot of the really negative
- 00:06:59consequences of being unhealthily
- 00:07:00obsessed with making money thankfully um
- 00:07:03but it's interesting that even though I
- 00:07:05managed to avoid those consequences my
- 00:07:07professor 10 years ago thought I was
- 00:07:08obsessed with making money random people
- 00:07:10on the internet now think I'm still
- 00:07:11obsessed with making money maybe it's
- 00:07:13true let's say you have a dream to
- 00:07:15become like a professional athlete right
- 00:07:17you want to play football professionally
- 00:07:18you want to play squash or tennis
- 00:07:20professionally do you need to have an
- 00:07:22unhealthy obsession with the sport to
- 00:07:23make it yeah pretty much like if you
- 00:07:26look at the training regimens of people
- 00:07:27who make it professionally like top 1%
- 00:07:29people in any sport from the outside it
- 00:07:31looks as if they have an unhealthy
- 00:07:32obsession with the thing they're just
- 00:07:34obsessed with it it's all they think
- 00:07:35about they live and breathe the thing
- 00:07:36their entire life is focused around the
- 00:07:38thing and they go for that thing timote
- 00:07:40Shalamรฉ famous actor talked about how he
- 00:07:42wants to be one of the greats he wants
- 00:07:43to be a great actor and I know we're in
- 00:07:44a subjective business but the truth is
- 00:07:49I'm really in pursuit of greatness i
- 00:07:53know people don't usually talk like that
- 00:07:54but I want to be one of the greats i'm
- 00:07:56inspired by the greats i'm inspired by
- 00:07:57the greats here tonight this this kind
- 00:07:59of unusual like you know we we've been
- 00:08:01in an era where aspiring to greatness is
- 00:08:04like frowned upon you kind of want to be
- 00:08:06humble about it like oh you know I just
- 00:08:08stumbled into acting i don't know how I
- 00:08:09got these roles i didn't try very hard
- 00:08:11like being a tryhard is considered or
- 00:08:13used to be considered a bad thing but I
- 00:08:14think people like Timotees Shalamรฉ are
- 00:08:17making it cool to be a tryhard he's
- 00:08:19being a tryhard he wants to be one of
- 00:08:20the great actors that means he probably
- 00:08:22has an unhealthy obsession with the
- 00:08:24craft of acting which is how he's he's
- 00:08:26getting there and also he's really
- 00:08:27good-looking and stuff and also a great
- 00:08:28actor but you don't get there without
- 00:08:29having an unhealthy obsession with the
- 00:08:31thing everyone who has a top 1% or above
- 00:08:33outcome in anything tends to have an
- 00:08:36unhealthy obsession with the thing we
- 00:08:38don't look down upon it when it's an
- 00:08:40Olympic athlete or when it's uh a
- 00:08:42musician or when it's a concert
- 00:08:44violinist or when it's an actor or
- 00:08:46something but when it comes to making
- 00:08:49money there's something about that that
- 00:08:51we like to look down
- 00:08:52upon um if you want to get rich you
- 00:08:55probably don't look down upon it right i
- 00:08:57mean if you're watching this video you
- 00:08:58you probably wouldn't look down upon
- 00:08:59someone who has an unhealthy obsession
- 00:09:00with getting rich but if you want to get
- 00:09:02rich and you're at this point in the
- 00:09:03video and you've sat through me talking
- 00:09:05about how I think the way to get rich is
- 00:09:06to have an unhealthy obsession with it
- 00:09:09your friends and family will probably
- 00:09:12look down on you for having an unhealthy
- 00:09:14obsession with getting rich especially
- 00:09:16if you are in a country like the UK uh
- 00:09:19and I've heard Canada similar to this i
- 00:09:20think in the US they're a bit more chill
- 00:09:22about you want to get rich go for it
- 00:09:24like you know that kind of rah rahrh
- 00:09:26helping like big you up for wanting a
- 00:09:28big outcome in the UK and a lot of
- 00:09:31European countries and I've heard Canada
- 00:09:32is like this as well it's more like you
- 00:09:34want to get rich bro what's wrong with
- 00:09:36you like you know think about the finer
- 00:09:38things in life like money won't buy you
- 00:09:40happiness it's not going to make you
- 00:09:41happy like you know why why do you need
- 00:09:42to get rich like there's this whole like
- 00:09:46this thing this idea that if you're
- 00:09:47trying to get rich that is somehow bad
- 00:09:51um And I don't know maybe it is maybe it
- 00:09:55is but like again I don't know anyone
- 00:09:57who's gotten rich without being
- 00:09:58unhealthily obsessed with it this is a
- 00:10:00video about how to get rich how do you
- 00:10:01get rich by becoming unhealthily
- 00:10:03obsessed with getting rich what does it
- 00:10:05look like to be unhealthily obsessed
- 00:10:06with getting rich i was having a
- 00:10:07conversation with a friend this is a
- 00:10:09friend who wants to be rich she wouldn't
- 00:10:10say I want to be rich but what she would
- 00:10:12say is "Ah I'd love to have a lifestyle
- 00:10:14business that helps me make at least
- 00:10:15ยฃ10,000 a month so that I can retire my
- 00:10:17parents so that I can work whenever I
- 00:10:19want wherever I want and do work I love
- 00:10:20with people I love." That basically
- 00:10:22translates to I want to be rich right
- 00:10:24you know how many people have the money
- 00:10:25to be able to retire their parents have
- 00:10:26a lifestyle business work from wherever
- 00:10:28they want whenever they want making at
- 00:10:29least 10,000 a month in profit like man
- 00:10:31basically she wants to be rich right um
- 00:10:33and so we kind of had a bit of a
- 00:10:34conversation and I was like come on oh
- 00:10:36man you know let's call a spade a spade
- 00:10:38is it fair to say that you want to be
- 00:10:39rich and she was like yeah I want to be
- 00:10:40rich i was like great fantastic you know
- 00:10:42we're owning the fact that that we want
- 00:10:43to be rich she was saying that she's
- 00:10:45doing all these different things but
- 00:10:46feels like she's stuck in one place
- 00:10:48because she's not actually becoming rich
- 00:10:49and she's been watching the content and
- 00:10:51reading some of the books that I've been
- 00:10:52recommending and stuff cuz you know she
- 00:10:53watches the channel occasionally but
- 00:10:55she's still no richer than she was 5
- 00:10:56years ago she is still stuck in her job
- 00:11:00that she enjoys sometimes and doesn't
- 00:11:01enjoy some whatever still stuck in a job
- 00:11:03not getting rich and so I'm kind of
- 00:11:04talking about this you know she is is
- 00:11:07training for a marathon and at the same
- 00:11:08time she wants to create YouTube videos
- 00:11:10exploring her um artistic side and at
- 00:11:14the same time she wants to document her
- 00:11:16life on Instagram because it gives her
- 00:11:18artistic fulfillment to do that and at
- 00:11:21the same time she uh wants to host
- 00:11:23events for friends uh because she's very
- 00:11:25sociable and enjoys hanging out with
- 00:11:27friends and at the same time you know
- 00:11:28she really cares about her family wants
- 00:11:29to spend a lot of time hanging out with
- 00:11:30the family and visiting her parents a
- 00:11:31lot and like just has all these
- 00:11:33different things that she wants to do
- 00:11:34and she also has a day job for the
- 00:11:36record so it's like you know 40 to 50
- 00:11:38hours of a week are taken up by the the
- 00:11:40day job i asked a simple question i was
- 00:11:42like okay let's call her Jane okay Jane
- 00:11:44how many hours a week would you say you
- 00:11:46are devoting to the goal of getting rich
- 00:11:48and she had never thought about this
- 00:11:50question before like literally never
- 00:11:52it's like for 5 years she'd had the goal
- 00:11:53of 10 years she'd had the goal of I want
- 00:11:55to get rich was worry was wondering why
- 00:11:57she's not there yet which is why she was
- 00:11:59talking to me about this cuz it was a
- 00:12:00conversation about how to get rich
- 00:12:01basically and I asked "How many hours a
- 00:12:03week are you dedicating to the goal?"
- 00:12:04And she was like "Oh damn um I mean I've
- 00:12:07got my day job." And I was like "Okay
- 00:12:08come on you know let's be honest the day
- 00:12:10job is probably unlikely to get you
- 00:12:11rich." The way you get rich from a day
- 00:12:13job is either you work in tech or you
- 00:12:15work in
- 00:12:16finance those are broadly the two fields
- 00:12:19where your day job can get you rich tech
- 00:12:22and finance is there anything else
- 00:12:23pretty much just tech and finance right
- 00:12:25if you have a really high paying job in
- 00:12:26tech or a really high paying job in
- 00:12:28finance you can get rich off that right
- 00:12:30cuz you make way more money than you
- 00:12:31spend even if you're living in London
- 00:12:33and if you're living in London you're
- 00:12:34making 500 grand you're only only
- 00:12:35spending 100 grand on like rent and food
- 00:12:37and drinks and you've got 400 grand
- 00:12:39left taxes etc etc put it in an index
- 00:12:41fund S&P 500 compounding by the time
- 00:12:43you're about 40 you'll be rich if you
- 00:12:45work in finance similarly if you work in
- 00:12:47tech this person Jane does not work in
- 00:12:49finance or tech therefore being honest
- 00:12:52she's unlikely to get rich off of her
- 00:12:53day job so time spent working towards a
- 00:12:56day job broadly does not really count
- 00:12:59for the goal of of trying to get rich
- 00:13:00basically it transpired you were
- 00:13:01spending zero hours a week focused on
- 00:13:03the goal of getting rich let's say
- 00:13:05you're trying to become a professional
- 00:13:06athlete let's say a professional
- 00:13:08football player how many hours a week
- 00:13:09would you need to be dedicating to that
- 00:13:11goal of being a professional footballer
- 00:13:12like many many many hours a day forever
- 00:13:15for like a 10-year period and yet my
- 00:13:18friend Jane had the goal of being rich
- 00:13:20which is a 1% goal and was putting zero
- 00:13:22effort towards the the thing and we
- 00:13:24realized at the end of the conversation
- 00:13:25that this is a big part of why she feels
- 00:13:27sad a lot of the time that she's not
- 00:13:29getting to where she wants to be cuz she
- 00:13:30wants to be here and the actions that
- 00:13:32she's taking are completely devoid
- 00:13:34completely decorated from like this this
- 00:13:36thing that she wants what else does an
- 00:13:38unhealthy obsession look like so we
- 00:13:39talked about kind of the hours per week
- 00:13:41that you're spending trying to get rich
- 00:13:43what else does an unhealthy obsession
- 00:13:44look like i want to tell you a little
- 00:13:46story um and I want to compare in this
- 00:13:49little story I'm going to take a
- 00:13:51snapshot of my life right now in
- 00:13:542025 i'm currently 30 years old 30 and I
- 00:13:58want to compare it with a snapshot of my
- 00:13:59life let's say 5 years ago yeah 5 years
- 00:14:01ago it would have been 2020 that was
- 00:14:04when I was in the peak of my getting
- 00:14:06rich phase 2020 was the year where I
- 00:14:09went from earning 100,000 a year on my
- 00:14:12YouTube business to like 1.2 2 million a
- 00:14:14year from my YouTube business for the
- 00:14:15regular so 20 2020 was a massive year of
- 00:14:17growth i want to talk about the idea of
- 00:14:19mental bandwidth and content content uh
- 00:14:22content diet so back in 2020 there were
- 00:14:25two types of content that I was
- 00:14:27consuming number one was fantasy fiction
- 00:14:30audio books on my drive to and from work
- 00:14:34some of the time and while I was at the
- 00:14:35gym some of the time that was maybe 10%
- 00:14:37of my content consumption the other 90%
- 00:14:39of my content consumption was about
- 00:14:42getting rich it wasn't explicitly about
- 00:14:44getting rich back in 2020 there wasn't
- 00:14:45that much content about it but it was
- 00:14:46about business it was about how to grow
- 00:14:47a YouTube channel i was listening to
- 00:14:49literally all of the podcasts about how
- 00:14:50to grow a YouTube channel i was
- 00:14:51listening to all of the podcast about
- 00:14:53how to build a business and how to
- 00:14:54market a business the Smart Passive
- 00:14:55Income podcast the Online Marketing Made
- 00:14:57Easy podcast Noah Kagan's podcast i was
- 00:14:59reading all the books listening to all
- 00:15:00the audio books about business the
- 00:15:02E-Myth Revisited and Traction and dozens
- 00:15:05and dozens of books and audio books
- 00:15:07about how to get rich 90% of the stuff
- 00:15:10that I was consuming that I was
- 00:15:11listening to every single day at like
- 00:15:13two times and three times speed was
- 00:15:15content about how to get rich the way
- 00:15:16you get rich is by having an unhealthy
- 00:15:18obsession with getting rich what that
- 00:15:19unhealthy obsession looks like is that
- 00:15:22in your discretionary time in your spare
- 00:15:24time the thing that you are thinking
- 00:15:25about the thing that you're consuming
- 00:15:26content about the thing you're reading
- 00:15:28about the thing you're listening about
- 00:15:30the thing you are listening to stuff
- 00:15:31about the thing you're watching videos
- 00:15:32on is on how to get rich going back to
- 00:15:34this friend Jane I also asked her "How
- 00:15:36much time do you spend watching or
- 00:15:38reading or listening to content that is
- 00:15:39specifically towards this goal of
- 00:15:40getting rich?" And she said "Well I
- 00:15:43watch a lot of content about like
- 00:15:44content creation because I'm interested
- 00:15:45in that." I'm like "Okay but like do you
- 00:15:48plan to get rich through content
- 00:15:49creation?" And she was like "M okay
- 00:15:50probably not right?" She's she's doing
- 00:15:52the content creation thing as a hobby
- 00:15:53rather than as a vehicle to getting rich
- 00:15:54i Okay do you watch or listen or to read
- 00:15:56anything else about getting rich and she
- 00:15:58was like "Yeah I sometimes watch some of
- 00:15:59your videos about finance and stuff but
- 00:16:01other than that not really." And so this
- 00:16:03is someone who has the goal of getting
- 00:16:05rich which is like a 1% goal cuz you
- 00:16:07know let's say rich is top 1% however
- 00:16:09you want to define it whatever and she's
- 00:16:11putting zero hours a week towards the
- 00:16:13goal acting acting towards the goal of
- 00:16:14getting rich and she's putting zero
- 00:16:16hours a week of consuming content
- 00:16:18towards the goal of getting rich that is
- 00:16:20not what an unhealthy obsession with
- 00:16:21getting rich looks like unfortunately
- 00:16:23yeah so back in 2020 when I was in the
- 00:16:24process of getting rich when my income
- 00:16:2610xed I was listening to some fantasy
- 00:16:27audio books i was occasionally going to
- 00:16:29the gym but literally all of the rest of
- 00:16:31my time even while I was at work in my
- 00:16:33day job all of the rest of my time was
- 00:16:35focused on how do I do stuff towards
- 00:16:39building my business and therefore
- 00:16:40getting rich or how do I learn stuff
- 00:16:43towards the goal of building my business
- 00:16:44and therefore getting rich and my
- 00:16:46personal view is I think that's what it
- 00:16:48takes i think that's what it takes it's
- 00:16:51so hard to get rich it's not an easy
- 00:16:53thing social media will make you think
- 00:16:54it's an easy thing social media will
- 00:16:56make you think that you can you know get
- 00:16:58super rich and while you're in the
- 00:17:00process of getting super rich you can
- 00:17:01also have a balanced life right you can
- 00:17:03go to the gym you can have your friends
- 00:17:04and family you can go on the holidays
- 00:17:06you can do the things you can have so
- 00:17:07much fun you can train for a marathon
- 00:17:09you can do a Hyrox whatever the a
- 00:17:10Hyrox is you can do all those things in
- 00:17:14reality those are the things that rich
- 00:17:16people do once they are already rich
- 00:17:19they are not the things that they did
- 00:17:21while they were on the way while they
- 00:17:23were switching from day job earning 50
- 00:17:25grand to business earning 500 grand
- 00:17:27while they were growing the business
- 00:17:28from like you know 100k in revenue and
- 00:17:30no profit to a million in revenue and
- 00:17:32like lots of profit
- 00:17:34generally pretty much everyone I've
- 00:17:36spoken to who has been in that position
- 00:17:39has been unhealthily obsessed with the
- 00:17:40goal of getting rich or building a
- 00:17:43business or whatever vehicle towards
- 00:17:45getting rich they are unhealthily
- 00:17:46obsessed with that
- 00:17:48goal to the point that it has created
- 00:17:52imbalance in their life because they've
- 00:17:55been single-mindedly pursuing that
- 00:17:57goal this is a video about how to get
- 00:17:59rich how do you get rich you become
- 00:18:01unhealthily obsessed with goal what else
- 00:18:03does an unhealthy obsession with a goal
- 00:18:04look like so I talked about what my life
- 00:18:06was like back in 2020 i want to contrast
- 00:18:08that with what it's like in
- 00:18:102025 let's have a look through my
- 00:18:12YouTube feed a man's content feed can
- 00:18:15tell you a lot about what they value and
- 00:18:17what their priorities are so let me so
- 00:18:20show you what my YouTube feed looks like
- 00:18:22these days okay a video from Alex
- 00:18:25Okconor about
- 00:18:27philosophy a community post from Lea
- 00:18:29Homozi a Garry's Economics video about
- 00:18:32why growth is stupid okay oh here we go
- 00:18:34simon Squib this is a video about how to
- 00:18:36get rich i have one video about how to
- 00:18:37get rich method versus mythic sprocket
- 00:18:40monger lemonto lockentock protection
- 00:18:43warrior POV this is a video about World
- 00:18:44of Warcraft this is not a video about
- 00:18:46getting rich schwarz is this rogue
- 00:18:49genius another video about World of
- 00:18:50Warcraft why you can tax billionaires uh
- 00:18:53this is a economics type thing another
- 00:18:55World of Warcraft thing oh Alex Forzosi
- 00:18:57video about getting rich this new weapon
- 00:19:00modification is amazing for speedruns in
- 00:19:01Horizon Forbidden West this is not a
- 00:19:03video about getting rich this is a video
- 00:19:04about a video game h Scall Bloom quote
- 00:19:08this is a video about how to get ripped
- 00:19:10which is not about getting rich this is
- 00:19:12a Deru episode about fear and anxiety
- 00:19:15this is Rory Sutherland not about
- 00:19:16getting rich i don't know what this is
- 00:19:19this is another World of Warcraft video
- 00:19:21not a video about getting rich this is
- 00:19:22an art video cuz I'm doing a side quest
- 00:19:24and learning how to draw you know bro is
- 00:19:26running side quests i'm doing a side
- 00:19:27quest and I just completed Horizon
- 00:19:29Forbidden West on the PlayStation 5 i've
- 00:19:30gotten back into World of Warcraft the
- 00:19:32War Within season 2 on my character
- 00:19:34which is a paladin where I'm trying to
- 00:19:36play holy and prot and retribution and
- 00:19:38stuff i'm trying to learn how to draw
- 00:19:39i'm running running all these various
- 00:19:41different side quests i'm taking white
- 00:19:42lessons i'm starting going to the gym
- 00:19:44very regularly i'm taking squash lessons
- 00:19:46uh here's a book this is one on how to
- 00:19:48get rich i've read this book by the way
- 00:19:49it's a good book this is music another
- 00:19:51side quest I'm running is trying to
- 00:19:52improve my guitar piano and singing
- 00:19:54skills not a video about how to get rich
- 00:19:56uh this is Louis House and J Shetty sort
- 00:19:58of a video about how to get rich but not
- 00:20:00really they're going to talk about like
- 00:20:00feelings and stuff world of Warcraft
- 00:20:02iman Gazi video about how to get rich
- 00:20:04sell something video about how to get
- 00:20:05rich survive or thrive i don't know what
- 00:20:07that means australian Grand Prix
- 00:20:11networking storytelling not about
- 00:20:14getting rich i worked out like David
- 00:20:15Gogins for 100 days not about getting
- 00:20:17rich my content feed these days reflects
- 00:20:19what my priorities are if you were to
- 00:20:21look at that what would you say are the
- 00:20:23things that Aliabadal cares about
- 00:20:25according to his YouTube thing according
- 00:20:26to his YouTube feed he cares about World
- 00:20:28of Warcraft cares about gaming on the
- 00:20:29horizon Forbidden West cares a little
- 00:20:31bit about making money because you know
- 00:20:3320% of the videos were about how to get
- 00:20:34rich cares about becoming healthy a
- 00:20:36handful of those videos were about like
- 00:20:37health and stuff um if you if you'd
- 00:20:40looked at this like two weeks ago it was
- 00:20:42like filled with like baby gear
- 00:20:43recommendations because I was on a
- 00:20:45freaking rabbit hole about like you know
- 00:20:46we've got a baby on the way and like
- 00:20:48researching the absolute best crib pram
- 00:20:52stroller car seat this that and the
- 00:20:53other and so my entire YouTube feed was
- 00:20:55recommendations for like baby gear if
- 00:20:57you compared this to my YouTube feedback
- 00:20:58in 2020 all you would have seen is
- 00:21:00content about how to get rich content
- 00:21:02about how to build a business content
- 00:21:03about how to manage a team content about
- 00:21:05how to grow a YouTube channel content
- 00:21:06about how to grow social media content
- 00:21:07about sales funnels and all of this sort
- 00:21:08of stuff that's all you would have
- 00:21:10seen this video is about how to get rich
- 00:21:13the way you get rich is by having an
- 00:21:14unhealthy obsession with getting rich
- 00:21:15what does that look like what it looks
- 00:21:17like is that your content diet is
- 00:21:19towards that unhealthy obsession with
- 00:21:21getting rich the unfortunate truth is
- 00:21:23that the more different goals you're
- 00:21:25working towards the more balanced your
- 00:21:26life is the less likely you are to get
- 00:21:28rich maybe there are a handful of
- 00:21:30exceptions to this rule but in general
- 00:21:32the pattern I've seen through I I I know
- 00:21:34I know a hell of a lot of people who are
- 00:21:35rich i've interviewed a lot of them on
- 00:21:36podcast read a bunch of their books none
- 00:21:39of basically 100% of them did not have
- 00:21:42much of a balanced life while they were
- 00:21:43in the process of getting rich they
- 00:21:45started they got rich first and then
- 00:21:46they got the balanced life second i am
- 00:21:48not saying that this is what you should
- 00:21:49do i am saying that if you have the goal
- 00:21:52of getting rich any or or becoming a
- 00:21:55professional athlete or becoming a
- 00:21:57professional actor or becoming a
- 00:21:58professional musician anything
- 00:22:00where this is a goal that only 1% of
- 00:22:03people attain like to be better than 99%
- 00:22:07of people requires you to be more
- 00:22:10dedicated than 99% of people generally
- 00:22:12requires you to work harder than 99% of
- 00:22:14people say you know work but but I can
- 00:22:17work smart it's like okay but like
- 00:22:20everyone Everyone else is also trying to
- 00:22:21work smart like also when you're a
- 00:22:23beginner at the thing you don't know
- 00:22:24what working smart looks like like when
- 00:22:25you're a beginner to the goal of getting
- 00:22:27rich are you building business or
- 00:22:28whatever you just have to work really
- 00:22:30hard and in the process of working
- 00:22:32really hard you will figure out what
- 00:22:34does working smart look look like so
- 00:22:36that further down the line you can now
- 00:22:37work smart right now I don't need to
- 00:22:40work that hard right now my multi and
- 00:22:42deca millionaire friends don't need to
- 00:22:43work very hard they still choose to
- 00:22:45anyway cuz they're kind of obsessed
- 00:22:46still a lot of them are obsessed but you
- 00:22:47know the ones with families and like
- 00:22:48balance they don't need to work very
- 00:22:50hard why because they have employees who
- 00:22:52do the hard hard work for them they've
- 00:22:53got systems they've got leverage they've
- 00:22:55got personal brands they've got Burks
- 00:22:56they've got passive income assets they
- 00:22:57don't need to work hard
- 00:22:59anymore but all of them had an unhealthy
- 00:23:02obsession with getting rich while they
- 00:23:03were younger when they were building it
- 00:23:05up
- 00:23:07so if you're at this point in the video
- 00:23:09and you would like to get rich it's
- 00:23:11really worth asking yourself do you have
- 00:23:14an unhealthy obsession with getting rich
- 00:23:17would your friends and family say that
- 00:23:19you have an unhealthy obsession with
- 00:23:20getting rich does your content diet
- 00:23:22reflect an obsession with getting rich
- 00:23:25does the way you spend your time reflect
- 00:23:28an obsession with getting rich if the
- 00:23:30answer is no then you have two options
- 00:23:34i think all of this is just my opinion
- 00:23:36whatever i think you have two options
- 00:23:37here either you can decide to develop an
- 00:23:40unhealthy obsession you can change your
- 00:23:41content diet you can start consuming all
- 00:23:42the content about getting rich you can
- 00:23:44start waking up 2 hours early before
- 00:23:46your day job putting in effort towards
- 00:23:47building your business you can start
- 00:23:48while you're at your day job taking
- 00:23:50slightly longer lunch breaks and using
- 00:23:51squeezing in half an hour of like work
- 00:23:53on your business here and there in the
- 00:23:54evenings you can not go out with your
- 00:23:56friends every night or whatever the
- 00:23:57thing is you can stop playing freaking
- 00:23:58video games you can stop watching
- 00:23:59Netflix stop watching random YouTube
- 00:24:00videos even videos like this one and
- 00:24:02only ever work on your business while
- 00:24:03you're going on a walk while you're
- 00:24:04doing the dishes you can switch your
- 00:24:06content diet so that you are listening
- 00:24:07to audiobooks and podcasts and videos
- 00:24:08about getting rich on weekends you can
- 00:24:10be like "Ah weekends incredible i've got
- 00:24:12like 16 full hours on Saturday and 16
- 00:24:14full hours on Sunday where I can
- 00:24:16literally just wake up lock myself in a
- 00:24:17room work for 16 straight hours on my
- 00:24:19business." That is what an unhealthy
- 00:24:21obsession with getting rich looks like
- 00:24:23that is often what it takes getting rich
- 00:24:26is not easy that's that's option number
- 00:24:27one if you decide that hey I want to get
- 00:24:30rich i trust Ali's advice on this i
- 00:24:32trust that he he knows what he's talking
- 00:24:33about sort of somewhat ane anecdotally
- 00:24:36and I trust that okay I currently don't
- 00:24:38have an unhealthy obsession with getting
- 00:24:39rich and I would like to develop one or
- 00:24:42you can decide you know what actually
- 00:24:45this this isn't for me i I if getting
- 00:24:49rich requires having an unhealthy
- 00:24:51obsession to the point where my life
- 00:24:53becomes imbalanced if getting rich
- 00:24:55requires me to stop running my marathons
- 00:24:58and stop hanging out with friends and
- 00:24:59like work on the weekends and like wake
- 00:25:00up a bit earlier to work before work and
- 00:25:02like work during work if getting rich
- 00:25:05requires my medical school professors to
- 00:25:07think I'm going to get struck off the
- 00:25:08medical register because like I'm so
- 00:25:10obsessed with getting rich man if that's
- 00:25:12what's required to get rich I actually
- 00:25:14don't want to be rich if that's the path
- 00:25:15you want to go down man I'm so glad you
- 00:25:18watched this video because this video
- 00:25:20might have saved you all of this angst
- 00:25:22that you've currently got from like you
- 00:25:24have a goal of getting rich but you're
- 00:25:25not doing the thing which is to have an
- 00:25:26unhealthy obsession in terms of action
- 00:25:27and in terms of like learning to towards
- 00:25:28getting rich you could just decide to
- 00:25:30make the goal less ambitious on that
- 00:25:33front um I'm not putting a moral
- 00:25:35judgment on this i'm not saying it's
- 00:25:36anyone should have a goal of getting
- 00:25:38rich i'm not saying getting rich is a
- 00:25:39morally good thing or a morally bad
- 00:25:40thing it's a morally neutral thing in
- 00:25:41the same way I'm not saying that being a
- 00:25:42professional football player is good or
- 00:25:44bad it just it just is what it is if you
- 00:25:46have the goal of being a professional
- 00:25:47football player it makes sense that
- 00:25:49you're either willing to put in the
- 00:25:50effort required to be a professional
- 00:25:52football player or not but if you're not
- 00:25:54willing to put in the effort you're not
- 00:25:55willing to pay the price that it takes
- 00:25:56to become a professional football player
- 00:25:58why set yourself the goal of becoming a
- 00:25:59professional football player the more we
- 00:26:01have this gap the gap between where we
- 00:26:03want the gap between the thing that we
- 00:26:05want and the actions we're taking this
- 00:26:07gap creates misery misery is created in
- 00:26:09the gap if I have the goal of being a
- 00:26:11professional squash player for example I
- 00:26:12don't but if I did and I'm only training
- 00:26:142 hours a week I'm like bro that's going
- 00:26:16to make me miserable because I'm never
- 00:26:17going to get to that goal by only
- 00:26:18training 2 hours a week similarly if you
- 00:26:20have the goal of getting rich and you're
- 00:26:21not willing to pay the price which in my
- 00:26:23opinion is having an unhealthy obsession
- 00:26:25with it to the point that the rest of
- 00:26:26your life becomes imbalanced if you're
- 00:26:27not willing to pay that price either
- 00:26:30become willing to pay the price i.e
- 00:26:32become unhealthily obsessed or just
- 00:26:36don't have it as a goal you know various
- 00:26:37people in my team for example are
- 00:26:39totally chill not being rich they do not
- 00:26:41have the goal of becoming financially
- 00:26:42free financially independent the ones
- 00:26:44that do often tend to go out and start
- 00:26:46their own business and then they make
- 00:26:47videos about why they left the Alidal
- 00:26:49team to start their own business and
- 00:26:50they've you know joined our team got
- 00:26:51inspired and started to and decided to
- 00:26:53run their own businesses cuz they wanted
- 00:26:54to get rich right but there's a lot of
- 00:26:56people in my team who are like you know
- 00:26:57what I don't really want to get rich i
- 00:26:58just want a nice job that pays
- 00:27:00reasonably well that gives me
- 00:27:01flexibility that gives me fun gives me
- 00:27:03autonomy lets me learn and lets me hang
- 00:27:05out with people that I like and lets me
- 00:27:06travel the world while I'm doing it
- 00:27:07that's actually the position of like
- 00:27:08half the people in my team they're like
- 00:27:10you know what actually this is great i I
- 00:27:12love my job i love my life that's
- 00:27:14fantastic they do not have the goal of
- 00:27:16getting rich and therefore the fact that
- 00:27:17they're not unhealthily obsessed with
- 00:27:18getting rich is fine it's not causing
- 00:27:20any misery because there's there's no
- 00:27:22misalignment but there are various
- 00:27:23people I know including Jane for example
- 00:27:25who has a job and has the goal of
- 00:27:27getting rich which is there and her
- 00:27:28actions are here and she feels misery
- 00:27:31every day because she feels the pain of
- 00:27:34misalignment the pain that her goals are
- 00:27:36misaligned with her actions and whenever
- 00:27:39you're in a situation where what you
- 00:27:40want is misaligned with what you are
- 00:27:43doing it creates misery so either change
- 00:27:46what you're doing or change what you
- 00:27:47want that's my honest advice that's my
- 00:27:49hot take on how to get rich and if you
- 00:27:50enjoyed that video then you will
- 00:27:51absolutely love my weekly email
- 00:27:53newsletter it's called LifeNotes and
- 00:27:55it's where I share whatever I'm learning
- 00:27:56watching listening to and just notes
- 00:27:58that I'm generally taking away from my
- 00:27:59work and my life thank you so much for
- 00:28:00watching i hope you found this useful
- 00:28:01and I'll see you hopefully in the next
- 00:28:03video bye-bye
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