00:04 let this circle represent $1,000,000
00:10 this is what ten million dollars would
00:13 look like this is what one hundred
00:16 million dollars would look like and this
00:19 is what 1 billion dollars would look
00:22 like Jeff Bezos the founder of Amazon
00:31 has a net worth of 117 times this number
00:36 and then there's you you're probably
00:40 working a job right now one that you got
00:43 from the degree that you studied for in
00:44 university you probably don't have much
00:46 in savings your living expenses seem
00:48 ridiculously high you feel as though
00:50 you're not paid enough you have credit
00:51 card debt that needs taking care of
00:53 maybe your student studying for a degree
00:55 that you ho can and your job that you
00:57 hope can bring some good money you
00:59 probably don't have any savings only a
01:01 pesky student debt hanging above your
01:03 head wealth getting rich that all seems
01:07 like a distant dream how did they do it
01:09 you ask yourself seeing all those
01:12 millionaires billionaires especially the
01:14 ones who got there at such a young age
01:15 it baffles you it makes you angry they
01:18 got lucky they were born into well they
01:20 cheated their way to that money doesn't
01:22 make them honey as evil and you're not
01:24 smart and I'm just unlucky those dreams
01:26 you had of buying that mansion your
01:28 favorite sports car paying off your
01:29 mortgage traveling around the world
01:31 they'll forever remain that way just
01:33 nothing more nothing less you come to
01:36 the harsh realization it's a rigged game
01:38 it's been a rigged game from the start
01:41 in you you're on the losing side of it
01:47 but what if I told you you were wrong
01:52 what if there was a way of getting there
01:55 an actual equation to wealth a science
01:58 behind the way money works what if you
02:00 didn't have to abandon those dreams of
02:02 paying off your parent's mortgage or
02:04 traveling around the world would you
02:05 call me a liar for saying so I promise
02:07 that I'm not and by the end of this
02:09 video you'll understand there's a side
02:11 to the coin that you're not being shown
02:12 but I warn you the road is tough it's
02:16 filled with struggle it's filled with
02:18 ups and downs it will need swallowing
02:20 some difficult roofs of the school
02:21 system and society haven't told you yet
02:23 and let me be clear there are many of
02:25 you who will not make it to the end of
02:27 this road but for those of you that do
02:29 at the end of this road lies wealth
02:31 beyond what you thought you could attain
02:33 at the end of that road lies the freedom
02:35 of never having to worry about money
02:36 again so are you with me
03:18 still with me then let's not waste any
03:20 more time what do you really think about
03:27 money is this something you work for is
03:29 it earned or is it inherited is it the
03:31 root cause of all evil are you desperate
03:34 to have more of it have you been chasing
03:36 it most of your life truth is most of
03:39 what you think about money has been
03:40 influenced by your upbringing and
03:42 environment if you were born into a
03:43 family that didn't have much money
03:45 growing up then you're more inclined to
03:47 believe that YouTube will not grow up to
03:49 or perhaps you went on the complete
03:50 opposite end and decided to make as much
03:52 money as you can so that you will never
03:54 be in that position again
03:55 the fact that your school didn't teach
03:57 you much about this subject doesn't help
03:58 things and because of this most of you
04:00 are going to have false beliefs about
04:02 money that aren't going to help you on
04:04 now stick with me here because we're
04:06 gonna have to change the way you've been
04:07 seeing money your whole life Hollywood
04:10 has always had a habit of depicting the
04:12 wealthy and rich as evil backstabbing
04:15 entitled or corrupt individuals question
04:21 is have you bought into that stereotype
04:23 a recent report released by Wealth X
04:26 showed that of the world's ultra wealthy
04:28 those that had a net worth of 30 million
04:31 or more 68 percent of them were
04:33 self-made and it seems like every other
04:35 study backs up this conclusion Warren
04:37 Buffett self-made billionaire Howard
04:39 Schultz born in poverty Oprah Winfrey
04:41 born in poverty Jeff Bezos self-made
04:44 billionaire Elon Musk self-made
04:45 billionaire Sara Blakely self-made
04:48 billionaire what is it that these people
04:49 know that you'd on truth is your
04:52 equation is all wrong here's the
04:54 2-dimensional equation that you've been
04:56 taught money equals salary earned from a
04:58 job past a certain point the prospect of
05:00 getting a job becomes the sole purpose
05:02 of your education so what's wrong with
05:04 that you ask I'm gonna assume that if
05:06 you're watching this you want to make
05:07 money a lot of it and in a short amount
05:09 of time as possible if that is your goal
05:11 then this equation for generating money
05:14 will never get you there we all have
05:16 a precious resource the most important
05:19 resource for Hall and once it's gone
05:20 there's no way of getting it back that
05:23 resource is time in a standard job the
05:26 amount of money you burn is dependent on
05:28 the amount of time you put into that job
05:29 if you earned $20 an hour and worked 40
05:33 hours a week it would take you nearly 24
05:35 years to reach a total of 1 million
05:37 dollars but that is without subtracting
05:39 any taxes or any expenses that you will
05:42 incur over 24 years and let's not forget
05:44 that inflation would make your 1 million
05:46 dollars less valuable the reality is
05:48 that on a salary of $20 an hour you can
05:50 only really be a millionaire at an old
05:52 age by living frugally and most of that
05:54 precious resource known as time has
05:56 slipped through your fingers you traded
05:58 all that time for money and it wasn't
06:00 even a substantial amount either so
06:03 again you ask yourself how is it then
06:05 that there are self-made millionaires
06:06 and billionaires that such young ages
06:08 what makes them so different and the
06:11 truth is they have a better equation
06:13 than you they have a way of
06:14 understanding money that you haven't
06:16 quite grasped the earth
06:30 pay very close attention now stop
06:33 chasing money in a capitalist society
06:36 the rules of the game are as follows you
06:39 are paid in proportion to the perceived
06:41 value that you have and the people that
06:42 perceive your value they are the market
06:44 the consumers of the economy the market
06:47 is you your friends your family your
06:49 neighbors your country people complain
06:51 that football players are overpaid but
06:53 for players to be paid millions there
06:55 has to be a market for the football
06:56 industry in the first place people have
06:58 to see the value in football in the
07:00 first place for them to want to spend
07:01 money on matches and merchandise and if
07:04 the market is a high demand for football
07:06 guess what happens to the players who
07:09 are at the top of their game they are
07:11 paid generously for it it's not about
07:13 how hard you work the cleaner that
07:15 sweating and tiring himself out every
07:17 day is paid far less than the accountant
07:19 sitting behind a desk why because the
07:22 market perceives the value of what the
07:24 cleaner does to be far less than the
07:26 accountant as harsh as it may sound the
07:28 cleaner can be replaced by anybody it
07:30 isn't difficult to learn how to do his
07:32 job and therefore the market will not
07:34 pay him more than the accountant the guy
07:36 who spent years studying numbers the guy
07:38 who has saved his clients thousands on
07:40 their taxes but even so we just
07:42 discussed how getting a job is in the
07:44 right equation to amassing a great
07:45 amount of wealth in a shorter period of
07:47 time so then how can we increase or
07:49 perceived value what is it about people
07:51 like Elon Musk or Jeff Bezos that makes
07:54 their perceived value so high the first
07:56 step to this equation of wealth is quite
07:58 simple if you want money solve problems
08:01 if you take a second to digest this
08:03 statement you realize that just about
08:05 all money runs from this basic premise
08:07 if it solves a problem money will be
08:09 thrown at it if it's a million-dollar
08:11 problem then the solution will make you
08:13 if it's a billion dollar problem then
08:15 the solution will make you billions
08:16 think about all the problems that our
08:18 site like Amazon solves the hassle of
08:20 going to a store that hassle of having
08:22 to wait weeks for a delivery cheaper
08:24 prices and so on not to mention all the
08:27 companies that Amazon bones and the
08:28 problems that those companies solve Jeff
08:30 Bezos helped solve a billion-dollar
08:32 problem and also awarded favorably for
08:34 doing so if you've been chasing money
08:37 then you've been doing it all wrong it
08:39 sounds almost paradoxical but if you
08:41 want money it isn't money that you
08:43 should be looking for you should be
08:44 looking for problems and more
08:46 importantly solutions to those problems
08:48 and once you found that solution make a
08:50 business around it wait so that's it
08:55 just solve problems and money will
08:57 appear so I'm gonna have to create the
08:59 next Amazon for me to be rich or the
09:00 next Facebook or Google you've got to be
09:02 kidding me right I don't even know how
09:04 to code I don't even have the money to
09:06 start something of that scale
09:07 I don't even hold on your wants more
09:09 going into old patterns of thinking
09:11 start with a problem always start with a
09:13 problem listen to the market around you
09:16 what are people saying they don't like
09:19 what are people saying they wish existed
09:22 what are people saying frustrates them
09:24 what do people think is incredibly
09:26 inconvenient is that a problem that you
09:29 can solve and also is a problem that is
09:42 the final step of this equation to
09:44 wealth is finding a scalable solution to
09:47 the problem your solution needs to
09:49 affect a magnitude of people starring a
09:51 restaurant that's not scalable you're
09:53 constrained to the local area and the
09:55 footfall of that area but a franchise
09:57 now that's more scalable is your
09:59 solution a piece of software then that
10:01 means once that software has been built
10:03 you can scale it infinitely online
10:05 without needing to worry about things
10:06 like production or shipping costs as
10:08 it's all done virtually good luck
10:10 finding infinite scale with a job but be
10:12 careful does your solution require your
10:14 time to generate money let's say you
10:16 were a yoga teacher that charged $100
10:19 per hour congratulations you only made
10:21 yourself another job disguised as a
10:23 business there's only a certain amount
10:25 of lessons that you can feasibly do in
10:27 one day and therefore your income is
10:29 time-bound but if you created an online
10:31 yoga class that ran 24/7 with lessons
10:34 you only had to create once
10:36 now that is scaleable scaling your
10:38 solution is critical here so do not get
10:40 lost on this point automation also plays
10:43 an important role systems and processes
10:45 will keep your business running like a
10:46 smooth machine if implemented properly
10:48 if there is something in your business
10:50 that you can outsource to somebody else
10:52 or hire an employee to do it for you
10:54 assuming it financially makes sense for
10:56 you to do so then do it tasking yourself
10:58 with everything is a bad thing as much
11:01 as you may think you're the best there's
11:02 someone out there that can do a better
11:04 job than you once you've found a
11:05 solution it's your job to make sure that
11:07 solution can be accessed by everyone in
11:10 your market it's not about your ego and
11:12 it's not about what you're passionate
11:13 about the market doesn't care about your
11:15 passions so now that you have your
11:17 profitable business running with the
11:18 right systems and processes in place
11:20 it's time to move on and reap what you
11:36 there are two likely paths you're going
11:39 to face at this point you either
11:40 continue your business or cash in and
11:43 seller this is the acquisition the
11:45 moment someone buys the solution that
11:47 you spent years building a business
11:49 around this is Instagram being acquired
11:51 by Facebook for 1 billion this is PayPal
11:54 being sold to eBay for 1.5 billion of
11:56 which 165 million went straight to Elon
11:59 Musk's pocket and the countless other
12:01 liquidation events that happen across
12:03 the world this is where all the effort
12:05 that you spend into building your
12:06 company comes to fruition and if you
12:08 choose to continue running your business
12:09 well there's a multitude of reasons for
12:12 you wanting to do so maybe you love the
12:13 company that you built will want to
12:15 stick with your baby maybe you think you
12:16 can add more value to the company and
12:18 sell it down the line for more than it's
12:20 currently worth perhaps that business
12:22 runs passively in the background so you
12:24 don't have to do much to keep the wheels
12:25 turning or maybe it's a combination of
12:27 these three things either way you did it
12:30 you solved a problem that the market
12:32 wanted solving and it were awarded you
12:34 favorably for doing so and so now I ask
12:36 you what was it all for anyway
12:55 for most of you it was never about the
12:58 money money is just a piece of paper a
13:01 number on a screen its value is only
13:05 backed up by our belief in its value
13:07 from the very start this was never about
13:10 the money paying off the mortgage buying
13:13 your dream car traveling around the
13:15 world never having to worry about your
13:17 financial situation it's the freedom
13:19 that you were looking for your
13:20 destination wasn't anything monetary
13:22 related it was a feeling a sensation the
13:25 ability to do what you want whenever you
13:27 wanted without ever having to cast the
13:29 thought towards can I afford this have I
13:31 used up all my holidays for the year how
13:33 am I going to pay the rent will I be
13:35 able to live off my pension what dreams
13:37 will I have to sacrifice because I can't
13:39 afford to pursue them the most important
13:41 lesson from this video was never about
13:43 the nature of money it was about the one
13:45 valuable resource that we all have the
13:47 one resource we will never be able to
13:48 reclaim time is giving up a large chunk
13:51 of your time towards a job that you
13:53 probably don't like worth it is your
13:55 life settled on working coming home
13:57 watching the telly sleeping waking up
14:00 the next day and repeating the same
14:01 cycle till you retire how many more
14:03 hours of your life do you let slip
14:05 through because of this pattern or
14:09 perhaps you're fine with that reality
14:10 perhaps you have no other choice but to
14:12 follow that path for the time being and
14:14 if that's the case there's nothing to
14:17 the most you got from this video was a
14:18 little entertainment and maybe a change
14:20 in perspective but there are those of
14:21 you that understand the other side those
14:23 of you that have the desire to never
14:25 need to worry about money ever again and
14:27 so I feel the need to remind you stop
14:29 chasing money chase problems and find
14:32 the solution to those problems this is
14:35 the equation through which all money is
14:37 found if you desire Liberty through
14:39 never needing to worry about money ever
14:41 then let's solving problems be the
14:42 meaningful struggle in your life does it
14:45 mean you'll be happy at the end of the
14:46 road doesn't mean you'll feel fulfilled
14:47 only you can answer that question
14:49 but if your struggle is meaningful then
14:52 perhaps it's worth pursuing
15:11 and there is your equation to wealth of
15:15 course I missed out on a lot of
15:16 intricacies in this video the topics of
15:18 business money entrepreneurship are far
15:20 too vast for me to cover in a single
15:22 video like this but if you do want to
15:24 get started on this journey I do
15:26 recommend you read the works of MJ
15:27 DeMarco who heavily inspired me to
15:29 create this video and it's also
15:31 important to come back to an original
15:32 point that I made at the start of this
15:34 which is that most people will not
15:36 succeed for various reasons but the most
15:38 important part is failing failing fast
15:41 and moving on to the next thing and if
15:43 you're out there doing something that
15:44 isn't strictly related to a business but
15:46 you want it to make money then asking
15:48 yourself the question of what problems
15:50 am i solving could lead you to find ways
15:52 of better monetizing whatever it is that
15:54 you're doing and that also includes a
15:56 job and a career if you can solve more
15:58 problems and find more solutions at your
16:00 place of employment you have something
16:02 that you can use to leverage a higher
16:03 salary but I will end this all on the
16:05 same message that I have repeated
16:07 numerous times in this video stop
16:09 chasing money and start chasing
16:11 solutions to problems
16:16 hey you've arrived at the end of the
16:19 video and thank you so much for watching
16:20 but don't click off just yet I do want
16:23 to take the time to say thank you very
16:24 much for watching to the end these
16:26 things take quite a few sleepless nights
16:28 to research script film and edit so you
16:31 can't imagine how much I really do
16:33 appreciate your support if you genuinely
16:34 enjoyed this video then don't be shy hit
16:36 the like button and if you disliked it
16:38 hit the dislike Vaughn twice just to be
16:40 sure and comment down below and let me
16:42 know why my goal with this channel has
16:43 been to create entertaining documentary
16:45 style videos on business finance and
16:48 life in general and if that sounds like
16:50 something you'd be interested in and
16:51 you'd want to tune in for more hit the
16:53 subscribe on and hit that notification
16:54 belt make sure all your notifications
16:56 are turned on both all of that being
16:58 said I hope you have a wonderful rest of
17:00 the day as per usual my friends hand
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