The Untold Truth About Money: How to Build Wealth from Nothing.
Tags: Poor People, Money, Rich People, Billionaires, Mindset

The Lies You’ve Been Fed

What do you really think about money, is it something you work for, 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?

The 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 of money making.

Hollywood has always had a habit of depicting the wealthy and the rich as evil, backstabbing, entitled or corrupt individuals, Question is having you bought into that stereotype?

Recent report released by Wealth X showed that the world’s ultra-wealthy individuals are 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 don’t know! the 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?

Let’s assume that if you’re reading 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 all. 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 of such young ages?

what makes them so different and the truth is: They have a better equation! they have a way of understanding the money that you haven’t quite grasped yet.

The Truth About Money & Wealth

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 and 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’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?

It’s 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.

However, 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 perceive 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 the 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 owns 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. If you’ve been chasing money, then you’ve been doing it all wrong, 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.

A Problem 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.

Let’s say you were a yoga teacher that charged $100 per hour, Congratulations, you only made yourself another job which is just like any other job in a certain company, Not scalable. 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 scalable.

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.

The Reward

There are two likely paths you’re going to face at this point; you either Continue your business or cash in or sell. This is the acquisition the moment someone buys the solution that you spent years building a business around.

Let’s look at some examples here, Instagram was acquired by Facebook for 1 billion, PayPal sold to eBay for 1.5 billion of which 165 million went straight to Elon Musk’s pocket and the countless other liquidation examples that happen in recent years.

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 and you 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.

Now I would like to ask you what Was it all for anyway?

Your Money or Your Life

For most of you it was never about the money? Money is just a piece of paper, or a coin; a number on a screen, if you like! 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! It’s about 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 want 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 I want you to learn is 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 think it’s worth it. Is your life settled on working, coming home watching the idiot box? Sleeping and 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 article was how money is made 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 and it 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.

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