The Untold Truth About Money: How to Build Wealth From Nothing.（原声文稿）

Let this circle represent $1 million.

This is what $10 million would look like.

This is what $100 million would look like.

And this is what $1 billion would look like.

Jeff Bezos, the founder of Amazon, has a net worth of 117 times this number.

And then 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 ridiculously high. You feel as though you're not paid enough. You have credit card debt the needs taken care of.

that you hope can bring in 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?

a young age it baffles you it makes you angry they got lucky they as evil and not smart enough I'm just unlucky those dreams you had of buying the world they'll forever remain that way just dreams nothing more nothing less you come to the harsh realization it's a rigged game it's you? You're on the losing side of it. But what if I told you, you were wrong?

An actual equation to wealth.

A science behind around the world?

Would you call me a liar for saying shown. But I warn you, the road is tough.

It's filled and society haven't told you yet.

And let me be clear, there are many of you you thought you could attain.

At the end of that road lies the freedom again. So are you with me? Still with me?

Then let's not waste about money? Is it something you work for?

Is it earned or is evil? Are you desperate to have more of it?

Have you environment.

If you were born into a family that didn't have much money believe that you too will not grow up to have much money.

in that position again.

The fact that your school didn't teach are going to have false beliefs about money that aren't going to help you on life.

Hollywood has always had a habit of depicting the wealthy and rich as evil, backstabbing, entitled or corrupt individuals.

If you would get me a squirrel, I'll get one myself. Question is, have you bought into that stereotype?

that had a net worth of 30 million or more, like every other study backs up this conclusion. Warren Buffett, self-made billionaire. Howard Schultz, born in poverty. Oprah Winfrey, born in poverty.

Musk, self-made billionaire. Sarah Blakely, self-made billionaire.

don't? Truth is, your equation is all wrong.

you've been taught. Money equals salary earned from a job.

getting a job becomes the sole purpose of your education.

you want to make money. A lot of it. And in a short amount of time, as possible.

for generating money will never get you there.

it's gone there's no way of getting it back.

That resource is time.

earn is dependent on the amount of time you put into that job.

hours a week it would take you nearly 24 years is to reach a total of $1 million.

or any expenses that you will incur over 24 years.

And let's not forget that inflation would make your $1 million less valuable.

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.

that there are self-made millionaires and billionaires at such young ages?

truth is, they have a better equation than you.

They have a way of understanding money that you haven't quite grasped yet.

money. In a capitalist society, the rules of the game are as follows.

perceived value that you have.

And the people that perceive your value, economy.

The market is you, your friends, your family, your to be a market for the football industry in the first place.

People first place for them to want to spend money on matches high demand for football, guess what happens to the They are paid generously for it.

It's not about how hard tiring himself out every day is paid far less than the the accountant.

As harsh as it may sound, the cleaner can be accountant.

The guy who spent years studying numbers, right equation to amassing a great amount of wealth in a shorter period of time.

So then how can we increase our perceived value?

Jeff Bezos that makes their perceived value so high?

The first step to this equation of wealth is quite simple. If you want money, solve problems.

statement, you'll realize that just about all money runs from this basic premise.

If it solves a problem, money will be thrown at it. If it's a million dollar problem, then the solution will make you millions.

If it's a billion dollar problem, then the solution will make you billions. Think about all the problems that a site like Amazon solves.

and the problems that those companies solve.

problem and was rewarded favorably for doing so.

If you've been chasing money, then you've been doing it all along.

want money, it isn't money that you should be looking for.

more importantly, solutions to those problems.

And once you've found that solution, make a business around it.

Wait, so that's it? Just solve problems and money will appear?

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.

something of that scale.

I don't even hold on start with a problem listen to the market around you What are people saying they don't like?

What are people saying they wish existed? What are people saying frustrates them? What do people think is incredibly inconvenient?

also is it a problem that is worth solving?

is finding a scalable solution to the problem.

Your solution needs to affect a magnitude of people. Starting a restaurant, that's not scalable.

You're constrained to the local area and the footfall of that area. But a franchise, now that's more scalable. Is your solution a piece of software?

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, congratulations.

You only made yourself another job disguised as a business.

that you can feasibly do in one day and therefore your income is time bound.

that ran 24-7 with lessons you only had to create once, now that is scalable.

Scaling your solution is critical here so do not get lost on this point. Automation also plays an important role.

business running like a smooth machine if implemented properly.

assuming it financially makes sense for you to do so, then do it. Tasking yourself with everything is a bad thing.

there's someone out there that can do a better job than you.

not about your ego and it's not about what you're passionate about.

systems and processes in place, it's time to move on and reap what you sowed.

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.

countless other liquidation events that happen across that you spent into building your company comes to fruition.

business, well, there's a multitude of reasons for you wanting to do so. Maybe you love the company that you built or want to stick with your baby.

that business runs passively in the background wheels turning or maybe it's a combination of these three things either way favorably for doing so and so now I ask you What was it all for anyway?

money Money is just a piece of paper, a number on a screen.

Its value is only backed up by our belief in its value.

From the very start, this was never about the money.

situation, it's the freedom that you were looking for.

you want it without ever having to cast a thought towards holidays for the year? how am I going to pay the rent?

most important lesson from this video was never about the nature of money a large chunk of your time towards a job that you probably don't working, coming home, watching the telly, sleeping, same cycle till you retire?

How many more hours because of this pattern?

Or perhaps you're fine there's nothing to worry about.

The most you got other side.

Those of you that have the desire again.

And so I feel the need to remind you, stop solution to those problems.

This is the equation solving problems be the meaningful struggle in your life.

the road? Does it mean you'll feel fulfilled?

your struggle is meaningful, then perhaps it's worth pursuing.

And there it is, your equation to wealth.

Of course, I missed out on a lot of intricacies in this video.

if you do want to get started on this journey, I do recommend you read the works of MJ DeMarco who heavily inspired me to create this video.

this, which is that most people will not succeed for various reasons, but the most and moving on to the next thing.

And if you're out there doing problems am I solving could lead you to find ways of better monetizing whatever have something that you can use to leverage money and start chasing solutions to problems.

sounds like something you'd be interested in turned on.

Both all of that being said I hope you have a wonderful rest of the day. As per usual, my friends, hand to head, salute.