Lets discuss a tweet by Naval Ravikant which goes over the details of how you can get rich – without getting lucky. Enjoy! Add me on Instagram: GPStephan
Tweet By Naval Ravikant – https://twitter.com/naval/status/1002103360646823936
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Main Take Aways:
-Money by itself is NOT what’s going to make you rich, so don’t JUST pursue money. It’s MORE important to own assets that MAKE you money, rather than just trying to get money as the end goal.
-Wealth is constantly changing and evolving, money is always going to be flowing from one person to another…and that’s the beauty in it. You CAN make money without doing so at another person’s expense – and the sooner you understand that, the sooner you can begin accumulating wealth.
-The issue we ALL faced is that there are only 24 hours in a day…so, beyond a certain point, it becomes iMPOSSIBLE to get ahead by working longer hours. BUT, WHEN YOU INVEST WHAT YOU EARN – your money can begin working independently from your time, and OWNERSHIP in assets like stocks, real estate, and a business is what will build wealth long term – not working more hours.
-the internet has really leveled the playing field in terms of who can make money, and from where. It’s no longer dependent that you live in a certain location to build a business, you no longer need a ton of money to open up a physical store, and as long as you can provide a service to someone else – and you find a way to show people the value of what you create – you can make money.
-Each day you have the choice to build off the success of the previous day, OR, you can point that arrow down and that’s the momentum you’re going to carry forward. ANYTHING worthwhile is something you need to do consistently, without fail, as often as you can…and when you get that down, that will bring you results.
-They say you are the combination of the 5 people you spend the most time with…so, surround yourself with people who inspire and push you to become a better person. If you surround yourself with negative losers, that’s going to subconsciously influence you – if you surround yourself with people who continually improve themselves, that’s going to push you just as much.
-if you can’t effectively articulate the benefits of what you have to offer to another person, they will never bother using it – even if it’s the most revolutionary product of our decade. You have to learn how to sell, and whether you like it or not, life is often one big giant sales game.
-You are paid in direct proportion to the value you provide, and how easily you can be replaced…the more you make yourself indispensable, the more job security you have, the more you can earn, and the more longevity you will have.
-Hiring people requires that someone AGREES to work with you, and even though it’s impressive to say “you have X people working for you” – it’s not always necessary. Instead, running a digital business can continue to work exponentially – without requiring the work of more people.
– If you can’t code, write books and blogs, record videos and podcasts. Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.There is no skill called “business.” Avoid business magazines and business classes.
Or, in other words…give value, give entertainment, teach something you know, ADD something to society, learn how to build and sell that, leverage your efforts NOW…and learn by the experience of going out and doing it. These aren’t principles that can be taught in a classroom, and they’re often learned and discovered as you go about life…or, as you scroll through twitter or watch youtube videos.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
There’s always a component of luck to getting rich, no IFs, ANDs or BUTs. ALWAYS!
The rich use leverage to buy time
one point missed to get rich ( use tax advantages and get good tax advice to make %100 more of your investments ) If ı sell a house in Turkey after holding it for 5 years I am totally income tax free.. In USA if you buy a house in 90 days I guess and rent out you are also so keep adding houses to your chain… If I get a mortgage instead of buying cash I can reduce my interest payments from my rental income .. etc. etc.
Invest in a high inflationary environment with fixed-rate fixed payment leveraged loan payments … loan evaporates itself in purchasing power … you lose % 2 annual % 25 every 10 years from the value of your USD investment be aware of this loss. 100000 USD today is 75.000 USD in 2030 .. so you must beat %2-3 every year. Buy silver and gold at least %10 of your portfolio to save you against high inflation possibility…. keep cash even though it pays very little interest in your portfolio ..you will use to buy when prices tumble in stocks or gold-silver by %20-30, not for smaller gains. Last night Tesla lost %8 in a single day wait until it falls %40 with cash on side. or have loan readily usable any moment I have 10 credit cards with low interest rates to use for cash advance even at night time. ** I am 65 and have a new channel in Turkey like stephan in 3 years I will make high returns from it already started earning 200 USD range in 3 months only. You can check how much a channel makes by entering the name of youtube channel in social blade website.
Wow great video and great advice!
Dropping knowledge bombs. Still a viewer Graham Stephan
💯
Ceo of begging for likes in every single video instead of saying at the end if you thought it was good like it
I absolutely love the way he mocks the people flaming him! Lol 😂
“Your mind is constantly looking and searching for ways to reaffirm whatever your beliefs are, whether or not you consciously realize it.” Great quote G!
You are amazed that people believe: when you make a dollar, it is taken from someone else. That is true people believe that because it is a teaching tenet of liberalism. Buwrnee Sanders, Joe Hidin’ Biden, OCS, Nancy the queen Pelosi, and Killary Clinton to name a few have perpetuated this nonsense to flame the class warfare.
thanks for the vid!
This been has been the biggest smashfest yet. Full on double webull and a youtube program!
Eventually you just start hitting the like button without realising
I’m not after your time Graham! I’m after ur $$$$$$$$$$$$$$$$$ 😁
Man, you are an inspiration to make my own videos. Thanks for continuing to motivate and educate people!
I almost clicked on the “Skip ad” button in his example >.<
Elon is right
Did anyone else get an ad as soon as he mentioned them…no..just me
But graham….
How to make real estate
Is that a Zenith?
Good eye!
@Graham Stephan Great videos man, keep up the great work!
I want to get lucky!
Too much smashing in this one man, we get it!
Thank for all your work and I always do.
Bruh just buy lottery tickets
I want to start investing , just no clue who and how still
Graham, have you ever discussed the book, The Richest man in Babylon?
As an entrepreneur, this was so accurate…
Graham, see millionaire fastlane, that’s a great money book
How do i build wealth making 11$ an hour? No bills no rent. Please give advice:)
On the skills front … I have found that if there is no single unique skill/ knowledge you could acquire, then an uncommon combination of skills/ knowledge is a good pathway to increase personal value.
There are skills that are silently working when each person is working. And they get acquired over time. After some time, the set of skills slowly start to define the limits of what you can do.
YouTube transitioned to this video from your Yotta video.
Irony!
there is a andrew jikh logo in the bottom right corner.. Lol they are taking there friendship to the next level..
Check out cal Newport’s book “so good they can’t ignore you”. It talks about gaining career capital. I think the tweet about long term is also related to focus on one area and be good at it.
You are one of the coolest youtubers I’ve ever watched
And here I am working on a Business Major lmao
I don’t know why but halfway through this video I decided to repay a decent portion of a personal loan I took out. % repaid just now was based on my estimation of the opportunity cost and my current financial & work situation in life. Thanks for the nudge.
I love re-watching these videos
Too much talking, and too little essence.
“It takes time to build something up, and only work with people who share the same mindset as you.”
That’s actually great relationship advice too.
“The annoying 5 seconds ad-” -add pops up
Graham Stephan > By “embrace accountability and take business risks” I do not think he refer to polarisation but to the fact that you 1) Have to take the risk of failing, i.e. when you release a new video and you are unsure the content will be liked by your audience. You take risk each time you try something knew. 2) Take accountability, both for your success and your failure. Do not says that a poor result / failure was caused by your team and you have no responsibility in it.
You’re not giving people what they want. If you want to get rich, become a famous artist. This guy (Graham Stephan) would make a great famous artist. Not because of his artistic ability, but because of his ability to shock the internet.
Graham is a Sociopath in the way the best salesmen are Sociopaths. Talk talk talk talk talk, but they don’t feel what normal people feel. I’m actually not dissing you.
William S. Burroughs knew about the insect people. He warned us. We didn’t believe him. Mugwumps exist, dear reader. And they’re better than ever.
“You’re paid in the direct proportion to the amount of value you provide”…
Uhhhh…all kardashians, empty social media millionaires, tiktok millionaires, empty YouTube millionaires……they’re paid while providing NO VALUE WHATSOEVER !!!!!
Um, Lever metaphor is about moments about a fulcrum. I think your describing pressure i.e. force/area the relationship between force and area.
It always made me annoying that they ask for likes, but this good man created a way that it is pleasant to listen to when he asks. well done gram
I listen to your videos as background noise while I work on starting up my small business in my living room! Thanks for the encouragement!! : )
@Graham Stephan Why are you posing as Graham Stephan?
Thanks for the Video! Excuse me for the intrusion, I would appreciate your thoughts. Have you thought about – Rozardner Mind Tricks Reality (do a search on google)? It is an awesome exclusive product for revealing the trick to get the mind of a millionaire minus the normal expense. Ive heard some extraordinary things about it and my GF got great results with it.
7:18 He’s saying don’t flip houses! When you rent out properties instead of flipping them, you’re less incentivised to screw over the other party (tenant vs buyer), and therefore someone less ethical than you doesn’t have a long-term advantage that you can’t beat.
I envy you graham
My opinion is that luck will always play a bit of a role, one example that people don’t realize is that being born in a developed nation is already a HUGE advantage even if you are born poor, and there are many more
The arrow!! what a Perfect analogy…. It all makes perfect sense now, thank you very much Stephan!!😁👌
I love this guy’s vids and how he constantly asks us to like his video without being annoying 😂
Too bad I can’t sign up a Webull on my country.
Button smash 💥
Does anyone watch his videos now compared to 1-2 years ago and realize that now he seems more genuinely happy? Back then he seemed more upset or stuck up. Whatever it is im happy to see that Graham looks a lot better now
Consistency every time
Wold love to see you growing to Europe and start some tips/videos from Investments here!
Can you please do a video on the differences between mutual funds and index funds? Also pros and cons for each
Can you do a video on Fundrise?
This is how many times he said smash the like button ⬇
For assistance and mentorship.
Reach the Admin office.
+1 ( 9 8 5 ) 2 4 7 – 9 3 3 7..
W..H..@..T..S..@..P..P.. & .. T .. E .. X.. T…
Hey Graham, love your videos!! Just a quick and honest advice from a viewer… Maybe you’re going too hard on the like button thing, I get why you do it but mentioning it that many times in a video just makes me lose focus on the information your providing, keep doing it but maybe tone it down a bit. The information your giving us is too valuable to be interrupted consistently. Besides that, great video as always 💪🏻
Got to dave this to my phone. Thank you.
Dude. SuperLotto. Video done.
Hi Graham,
Thanks so much for your great and engaging content and advice. I have been following your channel (and your friend MeetKevin’s!) for about two years. I was recently a underemployed or unemployed full time college student. I graduated in December ’19. The pandemic also hit me hard and I had to apply to over 400 jobs in 4 months. It was a very hard and demoralizing time.
But now, I am on track to make 127k a year in my current job as a software developer. I am investing 10% of my paycheck into vanguard mutual funds (some of it on Google/Apple/Amazon 🙂 ) and I am in the process of getting pre-approved for my first home. In a few years, my wife and I are planning to rent it out and buy other property and to keep on doing that :). It’s unbelievable (in a good way) to me that it really is possible to build wealth in the scale that you and Kevin have. I am just a few weeks from turning 24 😀
Your cute but please enjoy your money we are not on planet earth forever
Thank you for the advice mate.
Now with Tiktok, the internet (and the success with being popular on it) is literally in anyone’s palm
I clicked on the 👍 but it turned white i hope that still works
Lol
5:02 Terrific!
this vid doesnt have subtitles yet bro:(
Assets and liabilities are two sides of the same coin. The hardest thing is to determine if that asset will actually pay you. You can do all the analysis you want, but still be wrong. It is partially luck.
I thought the stocks I invested in were assets until I loss half my portfolio. I thought a home was an asset until it’s value dropped or stayed the same. Home is only an asset if you actually rent it out. Homes are actually huge liabilities if not rented out. A lot of businesses are liabilities until actually profitable. Or become a total loss.
I feel like watching this video makes me feel like my high school experience was such a waste of time and void of real life information
Thank you Graham for sharing your knowledge! I am grateful for learning from you.
Good video as usual. Thank you
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Nice.
How do I get 30k + at 13 .I used a specific number bc ik places at 14 I can make under that but I want to know what can get me more
Dogecoin
Elon’s next project leverX, to move the earth with a big ass lever.
I must admit this is a great video but you know the forex market is a very volatile one and as such it’s too risky for beginners without adequate tutelage to go into so rather than loose money to bad trades invest with a reputable broker like Mrs Flores Ben
All My financial goals has been achieved since I met Mrs Flores
How do I reach Mrs Flores
Get in touch with her on telegram
At :- Flores_investment
I love you graham.
There must be an add on to block “smash the like button”….
This video is 10/10
The detailed germany preferentially punish because fuel orally serve out a picayune yew. careless, black-and-white pound
I am working multiple hourly jobs right now to save majority of it, so I can invest in real estate in a couple of years 🙏🏼 .
Feels like I am hitting the ceiling right now but there’s a light at the end of the tunnel. Frugal, debt free, saving for later.
People playing the status game, that pretty much describes everyone who lives in Seattle.
You are the average of the five people you spend the most time with?
What if you don’t have any friends?
20 dollars a day ? I am currently in a position to anly afford to invest 20 dollars a month 😩 I’m 18 and not even earning yet
Dude you’re hilarious when you do the impersonations 😂👍🏻
Great video. Really respect you both.
👍
dont believe anyone who guarantees you something nothing in live is guaranteed
Great video. Thanks Graham
9:00
Thank you!
I cut your video short because there are too many advertisements! Smh
Let’s talk Now ☝️☝️☝️