The Untold Truth About Money: How to Build Wealth From Nothing. - YouTube

Let this circle represent $1,000,000

This is what ten million dollars would look like

This is what one hundred million dollars would look like and this is what 1 billion dollars 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 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

Especially the ones who got there at such a young age

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

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 been a rigged game from the start in you

You're on the losing side of it

But what if I told you you were wrong

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

Haven't told you yet and let me be clear

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

Are you with me?

Still with me then let's not waste any more time

What do you really think about money is this something you work for is it earned or is it inherited?

Is it the root cause of all evil?

Are you desperate to have more of it? Have you been chasing it?

most of your life

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

Grow up to have much money

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

And once it's gone

There's no way of getting it back that resource is

time in a standard job the amount of money you burn is

Dependent on the amount of time you put into that job if you earned

$20 an hour and worked 40 hours a week

It would take you nearly 24 years to reach a total of 1 million dollars

But that is without

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

The rules of the game are as follows

You are paid in proportion to the perceived value that you have and the people that perceive your value

they are the market the

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

sitting behind a desk

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

Period of time so then how can we increase or perceived value?

What is it about people like Elon Musk or 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

if you take a second to digest this statement you

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 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 sounds almost paradoxical but if you want money

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 have the money to start something of that scale

I don't even hold on your wants more going into old patterns of thinking start with a problem always 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?

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

Magnitude of people starring 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 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

Congratulations, you only made yourself another job disguised as a business

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

Assuming it financially makes sense for you to do

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

It's time to move on and reap what you sow

There are two likely paths you're going to face at this point you either

Continue your business or cash in and seller

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?

Was it all for anyway?

For most of you it was never about the 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

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

It was a feeling a sensation

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?

What dreams will I have to sacrifice?

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

We will never be able to reclaim time

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?

Or perhaps you're fine with that reality

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

Then let's solving problems be the meaningful struggle in your life

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

But if your struggle is meaningful then perhaps it's worth pursuing

And there is your equation to wealth

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

But 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 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

But the most important part is failing

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?

Could lead you to find ways of better

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

Stop chasing money and start chasing solutions to problems

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

So you can't imagine how much I really do appreciate your support

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

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finance and life in general

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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

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