Unlocking Wealth

Jeff Bezos, the founder of Amazon, has a net worth 117 times this amount. And then there’s you.

Your Current Reality:

You might be working a job you got with a degree from university, with little in savings and high living expenses. Maybe you feel underpaid, have credit card debt, or are a student burdened by loans. Wealth and getting rich seem like distant dreams. You see young millionaires and billionaires and wonder how they did it. Did they get lucky, inherit wealth, or cheat their way to success? You feel frustrated and unlucky.

The Rigged Game:

It feels like a rigged game and you’re on the losing side. But what if I told you there’s a way to get there? There’s a science behind how money works, an equation to wealth. It’s not easy and involves facing tough truths about society and education. Many won’t make it, but those who do will find wealth beyond their dreams and never worry about money again.

Reimagining Money:

What do you really think about money? Is it earned, inherited, or the root of all evil? Most beliefs about money come from upbringing and environment. Growing up with little money might make you believe you’ll never have much, or drive you to amass wealth to avoid that situation. Schools don’t teach about money, leading to false beliefs. We need to change how we view money.

Hollywood Myths:

Hollywood often portrays the rich as evil, but this is misleading. A Wealth X report shows 68% of the ultra-wealthy are self-made. Warren Buffett, Howard Schultz, Oprah Winfrey, Jeff Bezos, Elon Musk, and Sara Blakely are examples of self-made billionaires. They know something you don’t: the correct equation for wealth.

The Wrong Equation:

The conventional equation is money equals salary from a job. This won’t make you rich quickly. We all have a precious resource: time. In a standard job, money earned depends on time spent working. At $20 an hour for 40 hours a week, it takes 24 years to make a million dollars, without taxes, expenses, or inflation. This path leads to a frugal old age, not wealth.

The Right Equation:

Self-made millionaires and billionaires understand money differently. Stop chasing money. In a capitalist society, you are paid based on perceived value by the market. The market is everyone around you. Football players are paid millions because the market values football highly. It's about perceived value, not hard work. A cleaner is paid less than an accountant because the market perceives the accountant's value higher.

Increasing Perceived Value:

To increase your value, solve problems. All money flows from solving problems. If you solve a million-dollar problem, you make millions; if you solve a billion-dollar problem, you make billions. Amazon solved the problem of shopping convenience and was rewarded. Stop chasing money; chase problems and solutions.

Scalable Solutions:

Find scalable solutions. A restaurant isn't scalable; a franchise is. Software can scale infinitely online. Avoid solutions bound by time. A yoga teacher can only earn so much per hour, but an online yoga class can scale 24/7. Scalability and automation are key. Outsource tasks that others can do better.

Reaping Rewards:

Once your business runs smoothly, decide to continue or sell it. Selling is a major milestone, like Instagram or PayPal acquisitions. Continuing a business might be for love, future value, or passive income. Either way, you solved a market problem and were rewarded.

The Ultimate Goal:

It’s not about the money but the freedom it brings. Paying off the mortgage, buying your dream car, and traveling are about freedom from financial worry. Money’s value is in what it allows you to do. The most valuable resource is time. Don’t waste it in a job you dislike. Seek meaningful struggle by solving problems.

Conclusion:

Most won’t succeed, but those who do understand this journey involves failing fast and moving forward. Even in a job, solving problems can lead to higher pay. The key is to stop chasing money and start chasing solutions to solve problems.