Akira he's got clout
The first point was about how you're not going to get rich
You're not going to get rich renting of your time
You must own equity a piece of a business to gain your financial freedom
This is probably one of the absolute most experienced points
People seem to think that you can create wealth and make money through work It's probably not going to work there are many reasons for that
But the most basic is just that your inputs are very closely tied to your output In almost any salaried job
Even the one that's paying a lot for our like lawyers or a doctor
You're still putting in the hours and every hour you get paid
So, what that means when you're sleeping you're not earning
When you're retired you're not earning
When you're on vacation you're not earning
And you can't earn nonlinearly
You're not going to get rich renting out your time Renting out your time
The first point was about how you're not going to get rich
You're not going to get rich renting of your time
You must own equity a piece of a business to gain your financial freedom
This is probably one of the absolute most experienced points
People seem to think that you can create wealth and make money through work It's probably not going to work there are many reasons for that
But the most basic is just that your inputs are very closely tied to your output In almost any salaried job
Even the one that's paying a lot for our like lawyers or a doctor
You're still putting in the hours and every hour you get paid
So, what that means when you're sleeping you're not earning
When you're retired you're not earning
When you're on vacation you're not earning
And you can't earn nonlinearly
You're not going to get rich renting out your time Renting out your time
I think it's pretty interesting that the first three kinds of luck
There are very common clichés for them that everybody knows
And then for that last kind of luck that comes to you out of the unique way that you act There's no real cliché for it
For the first three kinds there is dumb luck or blind luck
The second kind of luck does the cliché that fortune favors the bold
The third kind of luck people say that chance favors the prepared mind
But for the fourth kind of luck there is not really a common cliché out there
There are very common clichés for them that everybody knows
And then for that last kind of luck that comes to you out of the unique way that you act There's no real cliché for it
For the first three kinds there is dumb luck or blind luck
The second kind of luck does the cliché that fortune favors the bold
The third kind of luck people say that chance favors the prepared mind
But for the fourth kind of luck there is not really a common cliché out there
Obviously, we want to be wealthy
Then we want to get there in this lifetime without having to rely on luck
Akira
A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not
It's about becoming the kind of person that makes money
A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not
It's about becoming the kind of person that makes money
I like to think that if I lost all my money
And if you drop me on a random street in any English-speaking country within 5 or 10 years I'd be wealthy again right
Because it's just the skillset that I've developed and I think anyone can develop
Then we want to get there in this lifetime without having to rely on luck
Akira
A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not
It's about becoming the kind of person that makes money
A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not A lot of people think making money is about luck it's not
It's about becoming the kind of person that makes money
I like to think that if I lost all my money
And if you drop me on a random street in any English-speaking country within 5 or 10 years I'd be wealthy again right
Because it's just the skillset that I've developed and I think anyone can develop
There is this notion that making money is evil
Like rooted back down all the way to
Money is the root of all evil
People thing think that bankers steal our money
It is somewhat true that in a lot of the world there is a lot of theft going on all the time
The history of the world in some sense is this predator prey relationship of makers and takers
There are people who go out and create things build things and work hard on things
Then there are people who come along and take
With a sword
Like rooted back down all the way to
Money is the root of all evil
People thing think that bankers steal our money
It is somewhat true that in a lot of the world there is a lot of theft going on all the time
The history of the world in some sense is this predator prey relationship of makers and takers
There are people who go out and create things build things and work hard on things
Then there are people who come along and take
With a sword
Overall capitalism is intrinsic to the human species
Capitalism is not something we invented
Capitalism is not even something we discovered
It is innate to us in every exchange that we have
When you and I exchange information, I want some information back from you I give you information
You give me information
If we weren't having a good information exchange you go talk to somebody else
So, the notion of exchange and keeping track of credits and debits
This is built into us as flexible social animals
We are the only animals in the Animal Kingdom that cooperate across genetic boundaries
Most animals don’t even cooperate
Capitalism is not something we invented
Capitalism is not even something we discovered
It is innate to us in every exchange that we have
When you and I exchange information, I want some information back from you I give you information
You give me information
If we weren't having a good information exchange you go talk to somebody else
So, the notion of exchange and keeping track of credits and debits
This is built into us as flexible social animals
We are the only animals in the Animal Kingdom that cooperate across genetic boundaries
Most animals don’t even cooperate