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Let this circle represent $1,000,000
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This is what ten million dollars would look like
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This is what one hundred million dollars would look like and this is what 1 billion dollars would look like
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Jeff Bezos the founder of Amazon has a net worth of
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117 times this number and then
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There's you
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You're probably working a job right now one that you got from the degree that you studied for in university
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you probably don't have much in savings your living expenses seem
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Ridiculously high you feel as though you're not paid enough
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You have credit card debt that needs taking care of maybe your student
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Studying for a degree that you ho can and your job that you hope can bring some good money
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You probably don't have any savings only a pesky student debt hanging above your head
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wealth
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getting rich
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That all seems like a distant dream. How did they do it you ask yourself seeing all those millionaires billionaires
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Especially the ones who got there at such a young age
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It baffles you it makes you angry they got lucky they were born into well
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They cheated their way to that money doesn't make them honey as evil and you're not smart
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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
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They'll forever remain that way just dreams
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Nothing more nothing less. You come to the harsh realization. It's a rigged game
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It's been a rigged game from the start in you
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You're on the losing side of it
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But what if I told you you were wrong
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What if there was a way of getting there an actual equation to wealth a science behind the way money works
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What if you didn't have to abandon those dreams of paying off your parent's mortgage or traveling around the world?
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Would you call me a liar for saying so I promise that I'm not and by the end of this video?
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You'll understand there's a side to the coin that you're not being shown but I warn you the road is tough
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It's filled with struggle. It's filled with ups and downs
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It will need swallowing some difficult roofs of the school system and society
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Haven't told you yet and let me be clear
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There are many of you who will not make it to the end of this road
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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
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Of that road lies the freedom of never having to worry about money again
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so
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Are you with me?
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Still with me then let's not waste any more time
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What do you really think about money is this something you work for is it earned or is it inherited?
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Is it the root cause of all evil?
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Are you desperate to have more of it? Have you been chasing it?
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most of your life
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truth is most of what you think about money has been influenced by your upbringing and
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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
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Grow up to have much money
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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
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In that position again the fact that your school didn't teach you much about this subject
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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
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This journey now stick with me here because we're gonna have to change the way you've been seeing money your whole life
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Hollywood has always had a habit of depicting the wealthy and rich as evil backstabbing entitled or corrupt individuals
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Question is have you bought into that stereotype a
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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
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68 percent of them were self-made and it seems like every other study backs up this conclusion Warren Buffett
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self-made billionaire Howard Schultz born in poverty Oprah Winfrey born in poverty
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Jeff Bezos self-made billionaire Elon Musk self-made billionaire Sara Blakely self-made billionaire
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What is it that these people know that you'd on truth is your equation is all wrong
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here's the
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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
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Becomes the sole purpose of your education. So what's wrong with that you ask?
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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
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Possible if that is your goal. Then this equation for generating money will never get you there
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We all have a precious resource the most important resource for Hall
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And once it's gone
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There's no way of getting it back that resource is
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time in a standard job the amount of money you burn is
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Dependent on the amount of time you put into that job if you earned
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$20 an hour and worked 40 hours a week
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It would take you nearly 24 years to reach a total of 1 million dollars
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But that is without
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subtracting any taxes or any expenses that you will incur over 24 years and let's not forget that
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Inflation would make your 1 million dollars less valuable the reality. Is that on a salary of $20 an hour?
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You can only really be a millionaire at an old age by living frugally and most of that precious
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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
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So again you ask yourself. How is it then that there are self-made millionaires and billionaires that such young ages
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what makes them so different and the truth is
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They have a better equation than you they have a way of understanding money that you haven't quite grasped the earth
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Pay very close attention now stop chasing money in a capitalist society
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The rules of the game are as follows
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You are paid in proportion to the perceived value that you have and the people that perceive your value
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they are the market the
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Consumers of the economy the market is you your friends your family your neighbors
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Your country people complain that football players are overpaid, but for players to be paid millions
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There has to be a market for the football industry in the first place
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People have to see the value in football in the first place for them to want to spend money on
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matches and merchandise and if the market is a high demand for football
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Guess what happens to the players who are at the top of their game? They are paid generously for it
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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
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sitting behind a desk
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Why?
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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
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Cleaner can be replaced by anybody. It isn't difficult to learn how to do his job
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And therefore the market will not pay him more than the accountant the guy who spent years studying numbers
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The guy who has saved his clients thousands on their taxes
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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
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Period of time so then how can we increase or perceived value?
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What is it about people like Elon Musk or Jeff Bezos?
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That makes their perceived value so high the first step to this equation of wealth is quite simple if you want money solve
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problems
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if you take a second to digest this statement you
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Realize that just about all money runs from this basic premise if it solves a problem
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Money will be thrown at it
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If it's a million-dollar problem, then the solution will make you Millions
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If it's a billion dollar problem
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Then the solution will make you billions think about all the problems that our site like Amazon
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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
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Mention all the other companies that Amazon bones and the problems that those companies solve
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Jeff Bezos helped solve a billion-dollar problem and also awarded favorably for doing so
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If you've been chasing money, then you've been doing it all wrong
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It sounds almost paradoxical but if you want money
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It isn't money that you should be looking for you should be looking for problems and more importantly
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Solutions to those problems and once you found that solution make a business around it
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Wait, so that's it
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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
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Or Google you've got to be kidding me, right? I don't even know how to code
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I don't even have the money to start something of that scale
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I don't even hold on your wants more going into old patterns of thinking start with a problem always start with a problem
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Listen to the market around you
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What are people saying they don't like?
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What are people saying they wish existed?
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What are people saying frustrates them? What do people think is incredibly inconvenient?
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Is that a problem that you can solve and also is a problem that is worth solving
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The final step of this equation to wealth is finding a scalable solution to the problem your solution needs to affect a
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Magnitude of people starring a restaurant that's not scalable
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You're constrained to the local area and the footfall of that area but a franchise now, that's more scalable
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Is your solution a piece of software then that means once that software has been built you can scale it
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Infinitely online without needing to worry about things like production or shipping costs as it's all done virtually
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Good luck finding infinite scale with a job, but be careful does your solution require your time to generate money
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Let's say you were a yoga teacher that charged $100 per hour
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Congratulations, you only made yourself another job disguised as a business
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There's only a certain amount of lessons that you can feasibly do in one day
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And therefore your income is time-bound, but if you created an online yoga class that ran
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24/7 with lessons you only had to create once now that is scaleable scaling your solution is critical here
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So do not get lost on this point automation also plays an important role
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systems and processes will keep your business running like a smooth machine if
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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
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Assuming it financially makes sense for you to do
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So then do it tasking yourself with everything is a bad thing as much as you may think you're the best
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There's someone out there that can do a better job than you once you've found a solution
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It's your job to make sure that solution can be accessed by everyone in your market
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It's not about your ego and it's not about what you're passionate about. The market doesn't care about your passions
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So now that you have your profitable business running with the right systems and processes in place
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It's time to move on and reap what you sow
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There are two likely paths you're going to face at this point you either
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Continue your business or cash in and seller
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This is the acquisition the moment someone buys the solution that you spent years building a business around
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This is Instagram being acquired by Facebook for 1 billion. This is PayPal being sold to eBay for 1.5 billion of which
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165 million went straight to Elon Musk's pocket and the countless other liquidation events that happen across the world
00:12:03
This is where all the effort that you spend into building. Your company comes to fruition
00:12:07
And if you choose to continue running your business, well, there's a multitude of reasons for you wanting to do
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So maybe you love the company that you built will want to stick with your baby
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Maybe you think you can add more value to the company and sell it down the line for more than it's currently worth
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Perhaps that business runs passively in the background so you don't have to do much to keep the wheels turning
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Or maybe it's a combination of these three things. Either way you did it
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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?
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Was it all for anyway?
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For most of you it was never about the money
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Money is just a piece of paper a number on a screen
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Its value is only backed up by our belief in its value
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From the very start this was never about the money
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Paying off the mortgage buying your dream car traveling around the world never having to worry about your financial situation
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It's the freedom that you were looking for. Your destination wasn't anything monetary related
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It was a feeling a sensation
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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?
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Up all my holidays for the year. How am I going to pay the rent? Will I be able to live off my pension?
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What dreams will I have to sacrifice?
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Because I can't afford to pursue them the most important lesson from this video was never about the nature of money
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It was about the one valuable resource that we all have the one resource
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We will never be able to reclaim time
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Is giving up a large chunk of your time towards a job that you probably don't like worth it
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Is your life settled on working coming home watching the telly?
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Sleeping waking up the next day and repeating the same cycle till you retire
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How many more hours of your life do you let slip through because of this pattern?
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Or perhaps you're fine with that reality
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Perhaps you have no other choice but to follow that path for the time being and if that's the case
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There's nothing to worry about the most you got from this video was a little entertainment and maybe a change in perspective
00:14:20
but there are those of you that understand the other side those of you that have the desire to
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Never need to worry about money ever again. And so I feel the need to remind you
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Stop chasing money chase problems and find the solution to those problems
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This is the equation through which all money is found if you desire Liberty through never needing to worry about money ever again
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Then let's solving problems be the meaningful struggle in your life
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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
00:14:49
But if your struggle is meaningful then perhaps it's worth pursuing
00:15:12
And there is your equation to wealth
00:15:14
Of course I missed out on a lot of intricacies in this video the topics of business money
00:15:19
Entrepreneurship are far too vast for me to cover in a single video like this
00:15:23
But if you do want to get started on this journey
00:15:25
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
00:15:32
To an original point that I made at the start of this which is that most people will not succeed for various reasons
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But the most important part is failing
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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
00:15:46
But you want it to make money then asking yourself the question of what problems am I solving?
00:15:50
Could lead you to find ways of better
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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
00:15:59
Solutions at your place of employment you have something that you can use to leverage a higher salary
00:16:04
But I will end this all on the same message that I have repeated numerous times in this video
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Stop chasing money and start chasing solutions to problems
00:16:17
Hey, you've arrived at the end of the video and thank you so much for watching, but don't click off just yet
00:16:22
I do want to take the time to say thank you very much for watching to the end these things
00:16:26
Take quite a few sleepless nights to research script film and edit
00:16:30
So you can't imagine how much I really do appreciate your support
00:16:33
if you genuinely
00:16:34
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
00:16:40
And comment down below and let me know why my goal with this channel has been to create entertaining documentary style videos on business
00:16:47
finance and life in general
00:16:49
And if that sounds like something you'd be interested in and you'd want to tune in for more hit the subscribe on and hit that
00:16:54
Notification belt make sure all your notifications are turned on both
00:16:57
All of that being said, I hope you have a wonderful rest of the day as per usual. My friends hand ahead salute
00:17:21
You
