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  • You probably have seen successful people saying that if you work hard, take some risks and

  • never give up; you are going to be successful. The path to success has never been so clear,

  • we have documented the lives of an endless number of successful people to figure out

  • what truly makes them successful, and it seems like if we just follow their advice and work

  • hard enough, we should be able to replicate their success, but why aren't there more successful

  • people? Why the overwhelming majority who follow this type of advice end up achieving

  • nothing? What I want to figure out in this video is - can you really get rich by working

  • hard Regardless of who you? Or is it just a myth that we have been fed with?

  • By the end of this video, you will understand how much luck plays in each and everyone's

  • success, and do you even stand a stance to be the next bill gates or warren Buffett if

  • you work as hard

  • as them. 


  • The Dark Side Of becoming Successful  


  • Back in the mid 20th century, during World War 2, Britain started losing lots of aircraft,

  • and it became a quite serious problem, so they tried to figure out a way to reduce that

  • number; otherwise they might lose the war if they keep losing so

  • many planes. The logical thing was to put more armor around

  • the aircraft to make it more resistant against bullets, but that was not an option since

  • adding more armor to an already heavy aircraft would make it much slower and an easier target

  • for the enemySo engineers came up with another solution,

  • let's just add extra armor to the parts of the aircraft that gets hit the most.

  • They took a look at the aircraft that came back after a mission and realized that the

  • wings of the aircraft had a lot more bullet holes than other parts such as the engine.

  • So naturally, the engineers came to the conclusion that the enemy targets the wings more often.

  • If we just add more armor to those areas of the aircraft, they will crash less often.

  • Right?! Wrong

  • Despite the fact that it looks like a logical solution, it is not. The engineers based their

  • opinion on their aircraft that returned back home from the battlefield. And didn't take

  • into account all the aircraft that got hit in other places and were crashed

  • The reason why so little aircrafts had bullet holes in their engines is that most of them

  • couldn't make it back and were destroyed on the battlefield

  • If you visit the hospital, you will see many

  • more people with injuries in their legs and arms than

  • people with injuries in their chests or head. That's not because people don't get shot in

  • the head or chest, but rather because they end up dead in the battleground.

  • This concept is known as survivorship bias.

  • Understanding the implications of this bias can help us make more rational decisions.

  • Let's take the example of YouTube. There are some YouTubers who dropped out of college

  • and started streaming video games both on Twitch and YouTube, and some of them have

  • ended up really successful. They earned more money than a college graduate could potentially

  • makeFrom one side, it looks like if you are a

  • good gamer and commentator, if you also drop out of college, work super hard, be patient,

  • you might end up as successful as them. Which, in theory, seems legit.

  • However, what we didn't take into account is the huge number of hard-working gamers

  • who did exactly that but failed. Steve Jobs dropped out of college and built

  • the world's largest company but how many other young entrepreneurs dropped out of college

  • to start a company and made it? There are thousands of others who tried and failed,

  • but you have never heard about them. 


  • And that begs the question: are you really in control of your life? Or freedom is that

  • just an illusion? 


  • The truth is the number of factors that influence our success is way beyond our control

  • Take the butterfly, for example. It's such a small and weak creature that it has absolutely

  • no influence over anything in this world, but the flap of a butterfly's wings in the

  • Amazon (forest) creates a tiny change in the atmospheric pressure, overtime they compound

  • and cause a tornado in Texas. Of course, the tornado wasn't solely created by the butterfly

  • because there are so many factors that influence the weather, including the flap of the butterfly's

  • wingsThe world is connected in so many ways you

  • can't imagine. Back in 1962, during the cold war, a US destroyer

  • (ship) located a Russian nuclear submarine in the International waters near Cuba. To

  • force the submarine to come to the surface, the US destroyer began dropping explosives.

  • The Russian nuclear submarine lost contact with Moscow for a number of days already.

  • So the officers thought that a war broke out between the soviet union and the US since

  • a US destroyer have been dropping explosive on them. The captain of the submarine, Valentin

  • Savitsky, decided that a war might already have started and wanted to launch a nuclear

  • torpedo. But to launch a nuclear Torpedo, three officers on board had to agree unanimously

  • to authorize a nuclear launch. Vasily Arkhipov, who was one of the officers, was against the

  • launch. If it wasn't for him, the nuclear torpedo

  • would have been launched, the United States and the Soviet Union would have turned each

  • other into nuclear wastelands. Which means the dot com revolution wouldn't have taken

  • place in silicon valley, which means Jeff Bezos wouldn't become the richest person in

  • the world today. It not to say that Vasily Arkhipov made Jeff

  • Bezos so successful, but things would have turned differently if he has authorised the

  • launch. Imagine how many more factors are there that

  • influences your life. Factor you do not even consider when you plan your life.

  • So let's try to answer the question of this

  • video.  


  • - Can you really get rich by working hard? 


  • The answer is complicated. It's both yes and no.

  • If you were born in the 1970s in a third-world country in Africa, no matter how talented

  • and smart you were, you probably would have died from malaria or from any other disease.

  • Even if you ended up surviving, you had to work for 12 hours a day to put food on the

  • table because you would die from hunger otherwise. 


  • On the other hand, if you were born in California

  • in the 1970s, you would have been in the middle of the internet revolution when you reach

  • your 20s. Chances you would start an internet company or join one would be much higher than

  • if you were born in a third world country back then.

  • Here is another example, If you ask a successful

  • hockey player why he has been so successful, he will probably tell you that he has been

  • working super hard, he has been consistent and never gave up despite the hardship, but

  • he would never mention the fact that one of the reasons he is successful because he has

  • been born on the 2nd of January. The cut-off dates for kids hockey league is the 1st of

  • January. Kids who are born in the first part of the year are, on average, a little bigger

  • and taller than December-born players. This head start gives players born in the first

  • months of the year a life-long advantage: as kids, they are more likely to be chosen

  • for top tier competitive teams, they get more ice time and better coaching. That's why almost

  • half (40%) of the players who are selected into top tier league have been born between

  • January and March. While Those born in the last quarter of the year might as well just

  • "give up on hockey. And that's the case with everything and everyone.

  • What eventually determines your success is everything, even the factors that you have

  • no control over, such as your birthday, birthplace, your parents, the relationship between your parents,

  • the school you go to, and a million other factors.

  • We have made an entire video explaining why you will most probably end up poor if you

  • are born into a low-income family. 


  • By now, you are probably discouraged. You might say what's the point of doing anything

  • If I am not in control? Well, if you don't work hard, you will most

  • definitely be poor. There are cerntaly things we can't control.

  • But if you are born in the right place and don't have to spend 12 hours a day just to

  • put food on the table, you stand a chance to achieve financial independence. You might

  • stand a chance to become a millionaire if you push hard enough.

  • Maybe not a a billionaire because only 2825 people could become one out of 7.8 billion

  • that inhabit this planet.

  • But There is just no way to know that unless you try. So you are left with 2 options, you

  • either going to try and find out or don't and stay where you. Maybe the odds are in

  • your favour and the only thing that is left is

  • you trying. The choice is yours.


  • 
 


You probably have seen successful people saying that if you work hard, take some risks and

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Can You Really Get Rich By Working Hard? - The Untold Truth About Money

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    Summer posted on 2020/11/24
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