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  • This video is made possible by Express VPN wow.

  • According to the Federal Reserve, the top 10% in the US.

  • own almost 70% of the nation's wealth.

  • Let that number stick in your hat.

  • The top 10% literally control almost the entire country.

  • But that number gets even scarier.

  • When you look at how much wealth is controlled by the top 1%,, 32% of the country's wealth is owned by the top 1%, which is almost 16 times more than the bottom 50% who owns only 2% of it.

  • Wealth inequality seems bad and ideally wealth should be distributed equally.

  • However, we do not live in a utopia and people are different.

  • So wealth equality is something impossible to achieve.

  • You can't reward to people equally when one of them works hard while the other not, but it's not enough to work hard in the world of capitalism.

  • What matters more is understanding the game of money.

  • And even if you do not work as hard as other people, you can end up being in the top 10% that owns 70% of the wealth.

  • If you play the game correctly, here's the beautiful part, wealth is not something that forever stays in your pocket, It constantly moves.

  • If you want to keep it in your pocket, then you have to keep working for it.

  • Otherwise someone else will snap it right under your nose, even if you become a trillionaire, God forbid, 90% of that wealth will disappear and vanish by the third generation.

  • Take the richest man in American history, John Rockefeller, he had an estimated net worth of $400 billion $11 billion dollars and the next generation of Rockefeller's will probably won't even be billionaires Who could have thought that $400 billion $11 billion dollars less than 100 years later.

  • With every new technology or change comes a new wave of innovation that transforms a certain industry or the entire world and transfers wealth from one group to another as it was with the internet.

  • For example, whoever wrote that wave ended up making a fortune amazon made shopping online so easy that for the past five years or so moles have been closing down one by one and you do not have to be the first to take advantage out of that wealth transfer.

  • You can enter the game much later, but presents a better product.

  • Skype was once a dominant video calling app 10 years ago.

  • No one could have imagined competing with skype, but today, barely anyone uses Skype.

  • A company like zoom came up with identical products, but with better features and took the entire industry by Storm Skype isn't a unique case.

  • Yahoo, Myspace conduct and the list goes on and on In the past, banks were the backbone of financial services, but internet companies made financial transactions so easy that new companies such as Paypal stripe, Robin Hood grabbed a big chunk of that industry and a lot of that wealth was transformed to a different group of people.

  • And that's not the end of this industry.

  • People are disrupting this industry again by decentralizing the entire financial market through Blockchain and kryptos.

  • And in the next 10 years, people who are billionaires today might barely make ends meet and startups, who are working on the next big thing in this industry will prevail.

  • But the question is, how do you take advantage out of this wealth transfer?

  • How do you know which technologies are going to be relevant five or 10 years from now?

  • The good news is that there isn't going to be one or two technologies, the world is constantly developing.

  • They're going to be multiple technologies and that's why you need to learn how to learn back in school, you're not taught how to self educate yourself.

  • The entire point of the educational system is to push you to memorize a bunch of facts for a brief moment to pass a certain test, the moment you leave your examination hole, you forget absolutely everything.

  • But the famous technique is the absolute opposite.

  • It's a simple and effective way to master anything before you invest in a certain company or start a business.

  • The famous technique will help you to make a better decision.

  • There are three steps to the famous learning technique.

  • Number one pretend to teach a concept, you want to learn to 1/6 grade student, let's say you want to invest in Tesla.

  • Check out a blank sheet of paper at the top right the subject you want to explain.

  • Remember you're not explaining to your smart adult friend who is also investing in Tesla, but rather a child who just have enough vocabulary and attention span to understand basic concepts that will force you to use the most basic words possible.

  • Because one of the ways we mask our lack of understanding is by using complicated vocabulary.

  • If you can't define the words in terms you're using, you don't really know what you're talking about.

  • Back in college.

  • I had a friend who barely attended any classes and before every exam I would make sure I explained to him the entire subject in an hour or so.

  • And if I find something difficult to explain, I would go back and studied again because that's where my flows are.

  • And that's the second step in famous technique, identify gaps in your explanation, if you can't explain clearly using exact numbers in simple terms how Tesla's autonomous technology for example, will take Tesla from $500 billion company to a trillion dollar company or how exactly Bitcoin will rise from $30,000 to $100,000 or a million dollars.

  • Then you're not investing your gambling.

  • The problem with most people is that they don't go deep into the subject but rather skim through the basics.

  • Bitcoin is all over the news.

  • So let's invest in Bitcoin.

  • Why would it rise to a million dollars because there is a limited number of Bitcoin?

  • Oh really?

  • That's your reason to invest in Bitcoin.

  • I can create a Cryptocurrency with a limited number of currencies.

  • Is it also going towards $1 million?

  • Well maybe there is a little bit more to it than basic demand and supply.

  • I'm not saying Bitcoin should work more or less.

  • The point is if you can't explain it in simple words then you're speculating so go back and read more about the subject, study the parts that you don't fully understand and then move to the third step, organize and simplify now that you have mastered the subject and can explain it to anyone.

  • Try to simplify your explanation in such a way that it would also sound interesting.

  • Turn it into a little short story maybe like an elevator speech.

  • In fact, that's what I did when I was working on my investing course have been in the stock market for many years.

  • But when creating this course, I made sure that it's simple, straightforward and can be understood by 6th grade kid.

  • It doesn't matter if you are a professional investor or have never purchased the stock.

  • This course will give you a deeper understanding of the market.

  • The link will be in the description.

  • Now, the question is, why should you follow the famous technique to become financially independent Blockchain, for example, is now where the Internet was in 2002 and 2003.

  • It had its astronomical rise back in 2017 and crushed.

  • But we'll find out the true benefits of this technology in 10 or 15 years.

  • But theoretically, it doesn't only has the potential to change the financial industry, but pretty much every other industry back in the 2000s.

  • Most people couldn't have imagined what Internet would be in 20 years.

  • And yet here we are, our lives depend on Internet.

  • We can't go into the details of how Blockchain works, but it's easy to imagine how the world of business will be running on smart contracts for example.

  • But to understand how Blockchain would change every aspect of our lives.

  • You have to understand the subject so deeply that you can explain it to a little child, how his life will dependent Blockchain In 10 years.

  • That's when you will have a million dollar idea for a startup that could earn you more money than you could possibly spend.

  • If you could go back in time to the 2000s, what business would you start most?

  • Certainly an Internet company because the last 20 years where the golden era of the Internet and Blockchain is about to have its own golden period.

  • But be careful because there are a lot of commerce in this industry, especially in the comments section.

  • Please ignore them all and don't tell me that I did not warn you, but Blockchain is just one out of many examples.

  • You can apply the same strategy to other technologies and you will find out how they're going to shape the world in the coming future and you will be able to take advantage out of them.

  • But what you can certainly take advantage of right now is Express VPN internet is big.

  • But whenever you use internet, the only places you visit our google Wikipedia and social media websites like Youtube, but internet is much bigger than that.

  • Over 90% of it is hidden.

  • And one of the ways to access much more of the internet is to use a virtual private network and that's why you need Express VPN.

  • It makes you much more anonymous when browsing the internet, you can access the Swedish netflix for example, while you're in florida and what shows that are popular, they're like looping that I personally lately have been watching and at the same time it protects you from hackers who try to steal your private information any time you are on an encrypted connection, it even protects you from corporations who constantly surveil you and collect your data for their own agendas.

  • Express VPN puts a stop to that by encrypting your data and hiding your location.

  • It's easy to use with servers in 94 countries with best in class encryption, you can browse the internet without restrictions.

  • Find out how you can get three months of Express VPN for free by visiting Express VPN dot com slash proactive thinker.

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