Name: Why All Millionaires Follow The 20 Percent Rule
Uploaded: 2021-04-29T17:40:07.000Z
Duration: 10 min 28 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 you have been following the business news for the last year or so, you probably think

Past simple

Yes, we had a global pandemic, where millions of people lost their jobs, but on the other

hand, there are people who made billions.

Now we have almost 500 more billionaires than we had last year.

And existing billionaires are much wealthier than they have ever been.

Take Elon musk fro example, at the beginning of 2020, his net worth was around 20 billion

that made him one of the richest people on earth, but within a single year, his wealth

grew to over 150 billion dollars, and for a brief period he even exceeded Jeff Bezos

It's not a coincidence why a small minority of people have accumulated the vast majority

It might seem unfair, but if you give it a closer look, this small group of people who

made all the money in 2020 followed one basic strategy.

And the people who suffered the most or made the least amount of money in any given year

In fact, when I struggled to grow this channel, I followed the exact same strategy, and it

Of course, I am not the best person to take an example from because there are people who

have channels far bigger than this one, but they also used this exact strategy just better

Why do all millionaires or even billionaires follow this strategy?

While it might seem like the rich got richer during 2020, that's not the case in reality.

Yes, a few companies like amazon, apple and others made fortunes, but the overwhelming

majority of the companies in the S&P500, which represents almost the entire US economy, had

And without the government support, most of them would have gone bankrupt, even those

Think of the airline business, for example, or the travel industry.

All the restaurants had to close down as a result of the shutdown.

The lockdown stopped people from driving as often as they used, so the demand for gas

and oil dropped significantly, which led the oil industry to suffer tremendously.

Less driving means less demand for new cars which dragged down the auto industry.

But the reason you haven't heard too much news about all the companies that suffered

tremendously is because a few tech companies who represent almost half of the s&p500 did

They have grown so big, their valuation is beyond anyone's imagination.

So when the entire country was down, these few companies grew and still made the stock

And that's not by accident because during any situations, its often a few top players

The vast majority of their sales or profits come from a few products, even if that company

Apple, for example, which seems like the most successful company in the world, has plenty

of products from gadgets to services, but almost half of its revenue comes from iPhone,

and the other 30 percent comes from another two products and the remaining its products

and services only account for 10 or 20 percent of its revenue.

When you hear the news that they are paid millions of dollars just to play a single

You feel like you should have become an athlete, but the truth is, there are millions of athletes

all across the globe, and only the top 1 percent of these individuals earn 80 percent of the

money that's earned in this industry, and the remaining 20 percent shared by everyone

else and the vast majority can't even make a living by playing sports.

The top 1 percent of YouTubers make millions of dollars, and the rest barely survive.

Often you will get a much higher ROI (rate of return) by working in a McDonald's than

Most YouTube videos get fewer than 50 views, only 2% gett 1,000 views or more, and 0.3%

of the videos gett at least 500,000 views.

This means your odds of becoming famous via YouTube are vanishingly small.

Even if you end up getting half a million views, trust me, you are not going to make

You see all these people making videos about how much YouTube paid them per million views,

well you have to understand that they have been making videos for years, and they are

one of the few lucky ones who made it to the top of the chain and not because they made

that one single video and suddenly got so many views.

But the interesting part is that the top Youtubers follow the 20 percent rule to be at the top.

You see, when I started making videos, I made videos about every topic that I found interesting.

Economics, self improvement, stock market, personal finance, biographies, a bit of history

I would spend an entire week reading the book so carefully to make a great summary about

it, but at the end of the day, it would barely get any views.

I am not even talking about getting paid for spending so much of my time creating that

But then I realized that 80 to 90 percent of all the views that the channel gets are

That's when I told myself whether it worth making other kinds of videos?

So I started focusing on the stock market, personal finance, and a few successful videos

The 20 percent rule or the 80/20 rule simply states that 80% of consequences come from

20% of drivers cause 80% of all traffic accidents, 20% of employees are responsible for 80% of

the results, 20 percent of the drinkers drink 80 percent of the alcohol.

The ratio isn't always exactly 80/20, but it's somewhere close to that.

80% of wealth is accumulated in the hands of 20% of people Because 20% of people are

20 percent of your friends bring you 80 percent of your happiness, 20 percent of the books

you read brings you 80 percent of the value you get from all the books you read.

Twenty percent of what you do earns you 80 percent of your income.

The point is, If you stop doing all these things that do not make your life significantly

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Why All Millionaires Follow The 20 Percent Rule

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