Name: 5 Things Poor People Don't Know About Making Money
Uploaded: 2020-12-30T19:30:11.000Z
Duration: 9 min 6 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

if there is one thing that everyone has learned this year is that it doesn't matter how big off a crisis the world is going through.

It doesn't matter if it's a recession or a depression.

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There is always an opportunity toe build a fortune.

Those who understood how the game off money works had earned more money this year than most people will earn in their entire lives.

For some reason, a lot of people think that just because they can buy an ice cream, they know everything about money.

No wonder where most people are in a dark financial position.

But since you're watching this video, you clearly want to get out of that position.

We're going to find out what most people don't know about making money and clear up some misconceptions.

Number one waiting isn't going to make you money, Jack Ma once said.

The worst people to serve our the poor people give them something for free, and they will think it's trap.

Tell them it's a small business and they don't need a lot of money to start, and they will say that they can't earn much out of it.

Then they will say that they don't have the money.

Tell them to try something new and they will say they don't have the experience.

Tell them it's a traditional business and they will say that it's too hard to do.

Tell them it's a new business model and they will say it's a scamp.

Tell them to run a shop at least, and they will say they will have toe work.

24 7 on won't have freedom, but they do something have in common all of them.

Listen to friends who are as hapless is them they think more than a university professor and do less than a blind man.

Instead of just thinking about it, why not do something about it?

Poor people fail because of one common behavior.

They're waiting for that one in a lifetime opportunity to make everything happen.

They're waiting as if someone one day will come on, hand them a billion dollars and thank them for waiting all of this time so that finally, they can enjoy their lives.

I remember back when I was a teenager, my dad would tell me that if you would study hard, get good, great, get into college.

You will not have to worry about money again.

Fortunately or unfortunately, I listened to my dad and I did exactly what he said.

But when I graduated, I realized that no one really cares about my college degree.

If I want to get hired or get a fat paycheck, I had to deliver more value to my employer.

That's when I realized that college degree is overrated.

In the past, when my dad was a teenager, very few people had access to higher education.

So companies heavily relied on college degrees to distinguish potentially good employees from the rest.

Everyone has a college degree today on whatever you are taught in school is available for free on the Internet on.

As a college graduate, I can confidently tell you that there are far more effective tools toe learn on the Internet than any other college can offer.

The only advantage colleges have is the experience you get when you enroll in college and meet new people.

The connections to create over these years are sometimes priceless.

Yes, of course, college graduates often earn more than non graduates, but not to an extent where they can be financially free with a college degree might get a better job.

That will provide you with a slightly better roof over your head on a better car.

But it doesn't prepare you to make anything more than that.

Baron Rothschild, 18th century British noblemen and member off the Rothschilds banking family, once said the time to buy is when there is blood in the streets.

Instead of making rational decisions that are based on data, in fact, most people would go with their guts.

For instance, Ah bank would go bankrupt all the people who kept their savings and that bank would lose their savings.

Other people would see that and would rush to their banks toe, withdraw all of their savings, afraid that their bank might go bankrupt next.

But because everyone has withdrawn their savings, the bank goes bankrupt, and that will push other people to do the same, slowly bankrupting every bank in the country and crushing the entire economy.

The panic destroys the economy, but well established companies or banks survive such a panic but lose a lot of their value.

Meanwhile, which means you could buy these companies at a fraction off, their riel value crisis is present a unique opportunity that chaos and uncertainty about future significantly devalues even great successful businesses.

So if you're looking to make a fortune, get yourself ready when the next crisis hits the world.

2020 certainly created a panic around the globe, and a lot of immature investors quickly withdraw their investments and lost a lot of money in the process.

But others jumped in and invested everything they had, and now their investments have paid off and turned them into millionaires or even billion years.

In some cases, this rule doesn't only applies to the stock market, but to any other kind of investment.

You will have to hustle as long as you're alive.

A lot of people imagine that there is a point in life for you.

Finally, stop working and enjoy life somewhere on the beach.

Maybe, unfortunately, there isn't such a point.

Even if you end up making a lot of money, Trust me, work never ends.

You might reduce your number of working hours, work on something you're more passionate about.

But you will keep working as long as you're breathing.

So instead of forcing yourself to do a job that you hate work on stuff that you're in love with or at least believe are important life is like a sport.

You always have to be in shape, and for that reason you have to constantly grow.

Even at the age of 70 he still worked his ass off and prove the whole world to be wrong and became the president.

Yes, he lost this last election, but he still put a really strong fight.

I'm not a big fan of him, to say the least on.

I don't want to politicize this video, but compare that to, on average 70 year old, probably already gave up on life.

Some people give up a page of 30 or 40 with an excuse that it's already too late for them.

As long as you alive, you should keep hustling.

The only thing that matters are the results.

What would you do if your boss would tell you?

Last month we were at the last, the market was down.

So you're not going to pay you this month?

You probably will take the hell out of your boss because you worked those hours and you deserve that money.

That's your boss problem that the company didn't make enough money, right?

Then why would you complain that it's unfair when your boss makes much more than you when the company is doing great when the market is up, People are protesting in the streets complaining about wage inequality, arguing that you must be paid based on your effort.

It doesn't matter how many hours you work or how much effort you put into that.

All that matters at the end of the day are the final results.

Will you buy my product just because I have spent a year creating edge?

You will bite on Lee if you find it valuable.

I deserve a higher salary because I have a PhD in economics or have 10 years of corporate experience.

All that matters is what you can deliver.