REPROGRAM your mind to be rich in 22 minutes....

Summary

In this video, the speaker discusses the concept of 'inversion thinking' inspired by Charlie Munger, suggesting that to achieve success, one should consider the opposite of desired outcomes. The speaker lists 28 ways to stay poor, such as procrastinating, seeking poor advice, and tolerating mediocrity, and then advises doing the opposite to become wealthy. The video emphasizes taking action, learning from failure, valuing personal opinion, and avoiding unnecessary debt.

Takeaways

• 🔄 Inversion Thinking: Use the process of inversion thinking to solve problems by considering how to fail or destroy something, then doing the opposite.
• 📚 Read and Do: Consume knowledge from books but ensure to apply it practically rather than just accumulating information.
• 💡 Seek Wise Counsel: Seek advice from successful individuals who have demonstrated wealth or success in the area you wish to grow.
• 👫 Choose Supportive Relationships: Select partners who encourage and support your ambitions rather than those who hinder them.
• 🚫 Avoid Quick Failure: Don’t quit after the first failure; see it as a learning opportunity and persist in your efforts.
• 🌍 Embrace Inequality: Accept that life may not be fair and use that understanding to drive your actions and decisions.
• 🤔 Stop Complaining: Shift from complaining about circumstances to taking action and making the best of your situation.
• 💪 Self-Reliance: Rely on yourself for success rather than waiting for external assistance or approval.
• 🤝 Value Your Own Opinion: Prioritize your own views and decisions over the opinions of others to maintain autonomy in your success journey.
• 🚀 Embrace Discomfort: Seek out and endure discomfort as it often leads to growth and progress towards your goals.

Q & A

What is inversion thinking as described in the video?

Inversion thinking is a problem-solving strategy where you approach a goal by first identifying how to achieve the opposite outcome and then avoiding those actions. It's based on the idea that our brains are better at identifying problems than solutions.

Why did the speaker choose to discuss '28 ways to stay poor'?

The speaker chose to discuss '28 ways to stay poor' as a way to apply inversion thinking, inspired by Charlie Munger's talk on how to live a miserable life. This approach helps in identifying and avoiding behaviors that lead to failure.

What is the first way to stay poor mentioned in the video?

The first way to stay poor mentioned in the video is to start tomorrow, meaning to procrastinate on taking action towards your goals.

Why is reading lots of books without taking action listed as a way to stay poor?

Reading lots of books without taking action is listed as a way to stay poor because it can lead to inaction and a false sense of accomplishment without actually making progress towards financial goals.

How does the video suggest choosing a spouse can impact your financial success?

The video suggests that choosing a spouse who makes you feel guilty for working or pursuing your dreams can hinder your financial success, as it may lead to compromising your goals and dreams.

What is the significance of the advice 'fail once, quit forever' in the context of the video?

The advice 'fail once, quit forever' is significant because it highlights the importance of not giving up after the first failure. It emphasizes learning from failure and continuing to pursue success despite setbacks.

Why does the video suggest that expecting the government or others to save you is a way to stay poor?

Expecting the government or others to save you is a way to stay poor because it promotes dependency and a lack of personal responsibility. True financial success comes from self-reliance and initiative.

What does the video imply about the relationship between valuing others' opinions over your own and staying poor?

The video implies that valuing others' opinions over your own can lead to staying poor because it may prevent you from making decisions that align with your own goals and values, which are crucial for financial success.

How does the video define 'success' and why is this definition important for avoiding poverty?

The video defines 'success' as a process rather than an outcome, emphasizing that one can be successful by living their values and pursuing their goals. This definition is important for avoiding poverty because it encourages continuous effort and self-assessment, rather than seeking external validation.

What is the advice given in the video regarding the importance of working on what matters most?

The advice given in the video is to focus on the tasks that have the most significant impact on achieving your financial goals, rather than getting caught up in busywork that does not contribute to your success.

Why does the video suggest that talking more and doing less is a way to stay poor?

Talking more and doing less is suggested as a way to stay poor because it can lead to a lack of action and results. The video encourages taking action and producing results rather than just discussing plans and goals.

Outlines

00:00

🧠 Inversion Thinking for Avoiding Poverty

The speaker, Oxford Moses, introduces the concept of inversion thinking, inspired by Charlie Munger. This approach involves identifying ways to fail or destroy a desired outcome and then avoiding those pitfalls. Moses emphasizes that our brains are better at identifying problems than solutions, so this method leverages that strength. He applies this to various aspects of life, including business and personal growth, and encourages viewers to do the same. The video promises a list of 28 ways to stay poor, with the ultimate goal of reversing these to achieve wealth and success.

05:02

📚 Reading Without Action Leads to Poverty

Moses discusses the first of the 28 ways to stay poor: procrastination, exemplified by starting tomorrow instead of today. He then addresses the trap of reading many books without taking action, suggesting that reading one book and acting on its contents is more valuable. He warns against seeking financial advice from those who are not successful, highlighting the importance of surrounding oneself with successful individuals. He also advises against choosing a partner who discourages ambition and instead encourages finding supportive partners. The paragraph concludes with the recommendation to embrace failure as a learning opportunity rather than a reason to quit.

10:03

🤝 Choosing the Right Partner and Mindset

Continuing the list, Moses points out the importance of not blaming circumstances for one's situation but instead using them to build character. He stresses the need to stop complaining about uncontrollable factors and to start taking responsibility for one's own success. The speaker also advises against expecting external entities like the government to save one from poverty, advocating for self-reliance. He emphasizes the importance of valuing one's own opinion over others, recognizing that success is a personal choice and a state of mind.

15:04

💼 Embracing Discomfort and Excellence

Moses explains that avoiding discomfort is a sure path to mediocrity and poverty. He argues for embracing the discomfort that comes with learning and growing. The speaker also stresses the importance of not tolerating mediocrity, both in oneself and others, advocating for setting and maintaining high standards. He warns against breaking promises, which can damage one's reputation and self-respect. The paragraph also touches on the importance of not waiting for perfect conditions to start working towards success, as they rarely exist.

20:05

💼 Prioritizing True Wealth Over Appearances

The speaker discusses the importance of prioritizing being rich over looking rich, suggesting that external appearances are often misleading. He advises against focusing on superficial displays of wealth and instead encourages investing in long-term wealth generation. Moses also stresses the importance of working on what truly matters, avoiding the trap of busyness without progress. The paragraph concludes with a call to action, urging viewers to do what is necessary for success, even if it requires going beyond one's comfort zone.

🏆 Achieving Success by Avoiding Common Pitfalls

Moses concludes the video with a summary of the 28 ways to stay poor and their inversions for success. He emphasizes the power of inversion thinking in achieving one's goals by avoiding common mistakes. The speaker provides a comprehensive list of actions to take, such as starting immediately, reading and applying knowledge, seeking advice from successful individuals, and maintaining a growth mindset. He also encourages viewers to be irreplaceable, to learn continuously, and to live below their means to ensure long-term wealth and success.

Keywords

💡Inversion Thinking

Inversion Thinking is a problem-solving strategy that involves reversing the problem to better understand and solve it. In the context of the video, the speaker uses this concept to discuss how to avoid a poor life by identifying actions that lead to poverty and then doing the opposite. For example, instead of asking how to have a good marriage, one should ask how to destroy a marriage and then avoid those behaviors.

💡Charlie Munger

Charlie Munger is an American investor, businessman, and philanthropist who is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. In the video, the speaker refers to Munger as their personal hero and credits him with the concept of inversion thinking, which is central to the video's theme of avoiding poverty.

💡Problems vs. Solutions

The video script suggests that humans are naturally better at identifying problems than solutions. This concept is used to explain why inversion thinking is effective. By focusing on what could go wrong (problems), individuals can then strategize to avoid those issues (solutions). The video implies that this approach is particularly useful for financial success.

💡Start Tomorrow

The phrase 'start tomorrow' is used in the video to illustrate a common trap of procrastination. It refers to the tendency to delay action, which the speaker suggests is one of the 'best ways to stay poor.' The video encourages immediate action rather than putting off goals to an indefinite future.

💡Reading Books

The video discusses the paradox of reading many books without taking action as a method to stay poor. It suggests that reading books is beneficial, but only when coupled with practical application. Merely reading without acting is criticized as an ineffective approach to achieving financial or personal goals.

💡Taking Advice

The concept of taking advice, particularly from those who are not successful in the area one wishes to excel, is presented as counterproductive. The video emphasizes the importance of seeking guidance from those who have demonstrated success in the area of interest, such as financial wealth.

💡Spouse and Support

The video mentions choosing a spouse who supports one's ambitions as a factor in avoiding poverty. It suggests that a partner who encourages and supports one's efforts is more conducive to success than one who makes one feel guilty for working towards personal goals.

💡Failure and Learning

Failure is presented in the video as a necessary part of the success journey. The speaker argues against the idea of quitting after a single failure, suggesting that learning from failures is crucial. This concept ties into the broader theme of inversion thinking by encouraging viewers to learn from mistakes rather than avoid them.

💡World's Fairness

The video discusses the misconception of expecting the world to be fair as a barrier to success. It suggests that instead of complaining about unfairness, one should accept the world's imperfections and use them as motivation to succeed. This aligns with the video's overall message of inversion thinking, where one identifies negative beliefs and turns them into positive actions.

💡Blaming Circumstances

Blaming circumstances is cited in the video as a behavior that leads to staying poor. The speaker encourages viewers to take responsibility for their situations rather than blaming external factors. This concept is integral to the video's theme of empowerment through inversion thinking, where one turns complaints into actions.

💡Government and Self-Reliance

The video script touches on the idea of self-reliance over expecting government or others to provide salvation. It suggests that individuals must take charge of their own success rather than relying on external entities, which ties into the broader message of personal responsibility and action.

Highlights

Introduction to inversion thinking as a problem-solving strategy popularized by Charlie Munger.

The concept of starting tomorrow as a method to stay poor and the importance of beginning today.

The paradox of reading many books without taking action as a way to maintain poverty.

The pitfalls of seeking financial advice from those who are not financially successful.

The impact of choosing a spouse who discourages personal ambition and how it can lead to staying poor.

The importance of viewing failure as a learning opportunity rather than a reason to quit.

The misconception of the world being fair and how it can hinder personal growth and financial success.

The relationship between blaming circumstances and staying poor, with an emphasis on personal responsibility.

The idea that expecting external help, such as from the government, can be a barrier to wealth creation.

The significance of valuing one's own opinion over others when it comes to financial decisions.

The role of discomfort in personal growth and how avoiding it can lead to a life of mediocrity.

The importance of not tolerating mediocrity in oneself or others as a path to wealth and success.

The consequences of breaking promises to oneself and others, and how it can damage personal integrity.

The folly of waiting for perfect conditions to start pursuing success and how it can lead to inaction.

The irony of prioritizing appearances over actual wealth and how it can contribute to staying poor.

The importance of working on what truly matters and ignoring the rest to achieve financial success.

The dangers of following the crowd and not taking unique actions to achieve wealth.

The necessity of doing more than just one's best and pushing beyond personal limits to achieve success.

The contrast between talking about goals and actually taking action to achieve them.

The cycle of starting new projects without completion and its impact on long-term success.

The impact of believing others' opinions over one's own self-assessment and how it can hinder success.

The pattern of repeating mistakes and not learning from past failures as a way to stay poor.

The importance of being irreplaceable in the job market to ensure financial stability and growth.

The advice against hiring unintelligent people and its negative impact on business success.

The problem of assuming one is always right and closed off to learning from others as a barrier to wealth.

The final rule of overspending relative to income as a surefire way to stay poor, regardless of earnings.

Conclusion summarizing the 28 rules of poverty and their inversion for achieving success and wealth.

Transcripts

in this video i'm going to talk to you

about the 28 ways to stay poor and the

reason i'm framing it that way is

because charlie munger my personal hero

had a seminal talk that he gave multiple

times on how to live a miserable life

and the reason he gives it that way is

that he believes in a process called

inversion thinking which is where you

solve problems in reverse so for example

if you want to have a good marriage

rather than asking the question how do i

have a good marriage you ask the

question how would i destroy my marriage

and then you list out all the ways to

destroy your marriage and then you do

the exact opposite of that and what's

interesting is that our brains are much

better at finding problems than they are

finding solutions and so we do is we

harness this innate ability that we have

to find the problems and then after

finding every possible problem we can

imagine every threat imaginable which

evolutionary we're designed to look for

then flip that in reverse to find our

solutions all right and this is a

process of thinking that i've applied to

business i've applied it to merit i've

applied to a lot of different aspects in

my life and i would and i would

encourage you to do it as well but in

this video i'll talk about the 28 ways

to stay poor hey and stay tuned to the

end of the video because at the very end

i'm going to give you the reverse of

these the 28 rules

of how not to be poor i'll take all of

these things and i'll reverse them for

you in one hard-hitting blip that you

will not want to miss all right if you

don't know who i am my name is oxford

moses i own acquisition.com it's a

portfolio of companies that deserve a

100 million a year i make these videos

because i have a lot of fun doing it and

i hope you enjoy them as much as i enjoy

making them for you all right so the

first one this is one of the best ways

to stay poor and as a result by the way

side note this entire uh little mini

thread here got over 5000 uh shares on

my twitter uh and so that is why i

decided to make this video because it

seemed like a lot of you guys like that

okay so the first and best way to stay

poor is to start tomorrow so whatever it

is that you want to do whether it's

losing weight saving money starting that

business whatever it is to start

tomorrow all right so that's the best

thing you can do to stay poor is just

start tomorrow okay the next one is to

read lots of books and then do nothing

all right because it's one of the you

know lots of people talk about reading

books and i see people all the time that

i've seen for years in the exact same

position posting every oh yeah i'm

reading 52 books this year that's my

commitment instead of reading 52 books

maybe just read one book and actually do

something about it crazy i know number

three take advice from poor people on

how to be rich all right so think about

that for a second a lot of us surround

ourselves or at least i did when i was

starting out surround ourselves with

people who are very poor and we listen

to their advice on how to be rich and

they have no idea what they are doing

and we also listen to their judgment on

why our idea is stupid even though they

are poor so what would they know so

number three take advice from poor

people on how to be rich number four

this is a big one pick a spouse who will

make you feel guilty for working all

right so you have your dreams you have

these things you want to pursue but this

person is saying you shouldn't do that

you need to be doing x y z blah blah

blah and then you feel like you need to

compromise your dreams for that person

the problem is that you put your power

of your destiny in their hands and

you're asking for permission instead of

support right because the other day if

you don't accomplish your dreams and you

did it because of them who do you think

you're going to resent so you owe to

yourself and you go to your marriage to

hey pick people who are not who are

going to support you in your dreams even

if they don't necessarily agree right

but more easily not put your power in

somebody else right number five fail

once quit forever all right so as soon

as you do actually start to decide doing

something you fail immediately and say

oh i guess this isn't for me i guess

success isn't for me i guess business

isn't for me i guess sales isn't for me

i guess whatever the thing is isn't for

me because you failed once but it's

because we have we have an incorrect

view of failure because failure is a

necessary part and the thing is you

learn from failure and so it's either

you win or you learn but that is the

fifth thing you want to do if you want

to stay poor forever number six is think

that the world is fair

so a lot of us are get you know

especially me earlier on like i would

complain i'd be like that's not fair

this is fair it shouldn't be this way

blah blah blah blah and the thing is is

that all that complaining that i did did

nothing at all whatsoever did nothing

and so the thing is there's no activity

that comes from blaming your

circumstances which just so happens to

be the seventh one of how to stay poor

is blame your circumstances and complain

all right complaining about things that

you cannot control and the thing is is

like these sound so obvious but think

about these in reverse again so if the

if the contrary of thinking the world is

fair is assume the world is fair it's

unfair excuse me assume the world is

unfair and then act accordingly instead

of blaming your circumstances you think

your circumstances for who you are and

what they gave you you are who you are

because of the [ __ ] that you have gone

through right there's a there's a saying

your mess is your message and i think

it's a very it's a very beautiful saying

because how sad would it be to wish to

have a life of ease and comfort because

strong character is built through hard

times and so if we want to have strong

character

we basically must have a hard life for

periods of time or for seasons and so we

can't lament the thing that creates the

outcome you can't lament the heat and

and that the beating of the hammer to to

strengthen the steel right they go one

in this they go hand in hand and so we

just have to accept them for what they

are and and as for complaining i think

you can just accept and move on so

number nine i covered three there number

nine expect the government to save you

all right that's a great way to stay

poor expect the government to save you

or even say expect other people to save

you the reality is no one's going to

save you except for you and a lot of

times many people have spent their

entire lives waiting around for someone

to save them and still stay poor number

10 value the opinion of others over your

own it's an excellent way to stay poor

you think everyone else's opinions

matter more than yours and i'll give you

a secret that it took me you know making

a lot of money to then realize which is

you are successful the moment you say

you are crazy right like you are

successful the moment that you decide

you are successful there are people who

are billionaires who don't feel like

they are successful and there are people

who have almost no money and absolutely

think that they're an amazing success

and the thing is is that they are both

right it's our choice and i can promise

you that if you try and give yourself a

number you will just move the goal post

i promise you that from the depth of my

soul you will move the number and make

something else the new goal and once

that once i am rich then whatever but

it's a when then fallacy it doesn't it's

not true so you can accept and you can

become successful today because if you

look at yourself compared to people in a

much worse off scenario they would love

to have your life and so you just need

to decide for yourself if you are

successful the thing is that success is

a process rather than an outcome and so

you can be successful in that you are

living your values of pursuit that can

mean success if you choose to define

that way so number 11 way to stay poor

avoid discomfort all right a lot of us

you know we have new things you have to

take risks you have to learn things and

it's uncomfortable because you will suck

right of course you will suck it's

normal to suck but people avoid

discomfort because they don't want to go

through that and it's so silly the

discomfort that they're feeling is the

judgment they impose upon themselves

about not being good at something

they've never done before how insane is

that very and that's why humans are also

kind of insane when you think about the

things that we do the things that we

think and so great way to stay poor is

to avoid discomfort of all kinds you

also guarantee the number one discomfort

which is that you don't accomplish what

you want in your life 12 how to stay

poor tolerate mediocrity from yourself

and others alright so as you start to

grow if you're growing you know a small

business or even in the workplace if you

tolerate mediocrity from others you will

get more mediocrity and people over time

will just degrade and get worse and

worse over time rather than the reverse

of that of thinking like i will only

tolerate excellence and anything below

that is intolerable if you think about

the best leaders and the best ceos the

most successful people of all time they

have this innate trait right for lack of

voter trump they're ball busters right

they hold a standard that and here's the

catch that they themselves stay above

which means you must raise your own

standards so that you can model what it

looks like for other people around you

to hold themselves right the best like

most people don't need to be led most

people need a model and they can see

that right and you're you're leading by

example and so best thing to do to stay

poor tolerate mediocrity from yourself

and others 13. how to stay poor make

promises break promises

so you make promises to yourself and

make promises to other people and you

both you destroy your reputation with

other people and that's a terrible thing

and it takes a long time to fix that but

the one that's the hardest one to fix is

the reputation you have with yourself

you make promises to yourself and you

break promises to yourself because the

thing is you're the only one who's

holding you accountable and i think a

different version of happiness in my

opinion is respect for oneself and i

think your own respect is the hardest to

earn because you know how hard you could

have pushed you know if you could have

gone for an extra mile you could have

showed up to the gym more times you

could have eaten better you could have

made more cold calls you could have done

more reach outs you could have made more

content you could have actually done a l

left a nice note for somebody on your

team when you when you were too tired to

do so you could have over delivered on

the product you could have made a better

version of that video and you decided to

put it up anyways even though you knew

it wasn't as good as it could have been

and so you make promises to yourself and

then you break promises yourself and you

lose respect in the process so it's an

excellent way to stay poor number 14

wait for perfect conditions all right

this is a great one great way to stay

poor is uh it's one of my favorites you

gotta wait for everything to be

perfectly aligned for you to be

successful and here's the secret there

are never gonna be perfect conditions

and here's what's even crazier if you

need perfect conditions to be successful

the moment the conditions change you

will stop being successful so you might

as well start when the conditions are

their absolute worst because it means

that they will only get better from

there and if you can prove success when

things get bad when they get bad again

which is guaranteed you will still

remain successful because you have

learned how to do it in this time in

this circumstance make sense great

reason do not wait for perfect

conditions

15. prioritize looking rich over being

rich this is a classic one of poor folks

in general i get the the loving amount

of troll comments that i get from the

fact that i'm in my mama's basement and

wearing a wife beater and wearing a nose

strip right must mean that i am poor of

course right because you confuse looking

rich with being rich right just silly

you can just google my name and just put

private equity and uh jim launch an

american pacific group and you can see

what we sold to our businesses for so

the point is

you have to prioritize being rich which

means spending less for a long period of

time because you were not valuing the

opinion of other people over your own

which because you respect your own

approval more than that of other people

you have to be willing to die to the

opinion of others rather than dying to

the opinion of yourself and i mean that

it's real [ __ ] stop trying to look rich

be willing to look poor all right i know

that's contrary to like dress the part

and all that stuff but like the thing is

is like you've got to be real to you or

you'll be real to no one that's a

promise number 16 avoid working on what

matters most all right this is a great

way to stay poor is that you work all

day long you're busy you're full of

activity you're doing stuff and nothing

important moves forward because the

nature of speed is not about activity

the people who are the richest in the

world aren't doing the most stuff

they're doing the right stuff right

they're making sure better stated making

sure the right stuff gets done in

general whether or not it's them or

someone else and so it's looking at the

many things that you can or could do and

picking the very few that are the ones

that move the needle the most and

typically they are the ones that you do

not want to do and you are

procrastinating on and you can probably

eliminate all the stuff that you that

give you the mental masturbation of

getting stuff done without actually

moving the ball forward towards your

goals so it's a great way to stay poor

it's just keep doing stuff that does not

matter 17. say you're going to do

something and then don't do it this is

just like making and breaking promises

to others himself but this one is

actually just like that so take that

18. this is a really good one great way

to stay poor is do what everyone else is

doing right because if you're doing what

everyone else is doing most people are

not in the one percent if you want to be

in the one percent you can't do what 99

of people are doing which is hard for

people which is why you can't value

their opinions because again talking to

poor people about how to get rich is a

great way to stay poor right they have

no idea and so you can't look for their

approval on what you are doing or model

what everyone else is doing because

everyone else is poor why model them

right think about it number 19 do your

best not what it takes because the

reality is a lot of times your best may

suck and what is required is what is

required and that may be beyond you

which means you must become better so

that your best is beyond what is

required because the number of people

who say well i tried my best universe

doesn't give a [ __ ] the marketplace

doesn't give a [ __ ] your boss doesn't

give a [ __ ] what they care about is what

is required and so what you have to do

is figure out what is required and then

if you are incapable of doing it be

better and do it for long enough that

would be unreasonable for you not to be

good and then your best will surpass

what is required and you will become

better in the process but if you don't

do that it's an excellent way to stay

poor is just keep doing your best and

giving yourself paddling back and say i

tried 20. talk more do less post about

your goals post about your affirmations

spend all day doing routines and stuff

of getting prepared to work and actually

do very little all right it's a great

way this is one of the favorite ones

especially in the internet community

people love talking about how much

they're working rather than actually

getting [ __ ] done so i would advise you

to rather than spend all this time

preparing to work and creating

superstitions and routines around the

things that you think you should do in

order to maybe potentially get something

done start with doing because sometimes

the doing just needs done all right

21 start something new today start

something new tomorrow repeat great way

to stay poor do stuff try something try

something else try something else try

something else always

leave half-built bridges right you never

complete anything you start just keep

starting new things because it's

exciting and it's new and you have what

is called uninformed optimism because as

soon as you jump into the new thing you

realize that it will take work and the

things that were awesome about it also

have downsides which is the work that is

required to be good and as soon as you

realize that is work you go through the

change cycle you go uninformed optimism

to informed pessimism and then you go

through the value of despair and this is

where everyone then jumps to the next

opportunity and they just do this

forever and they just never achieve what

they want so it's an excellent way to

stay busy and poor all right just keep

trying new stuff and never see anything

through okay number 22 believe what

other people think about you more than

what you think about you all right it's

a great way to stay poor i think it's

just it's it's easily stated there so

i'm not going to belabor the point but

that's what you need to do to stay poor

just keep believing what everyone else

thinks about you and not what you think

about you excellent way to do it number

23 way to stay poor make a mistake then

wait repeat the mistake do it again and

again and again and you've probably seen

people who stay stuck in their life like

this like they keep dating the same

person they keep making the same

business mistake they keep getting the

same bad partnerships whatever right or

they keep trying to do something that

stopped working and they keep doing it

over and over again because they think

that for some reason that's going to

work somehow or they just don't have the

wherewithal to realize they keep making

the same mistake and so if you keep

doing the same stuff you're going to

keep getting the same outcomes right

like we kind of know this but the thing

is is that people still do it it's like

well whatever you're doing right now has

gotten you to being poor so don't do

that right and when i say poor poor can

be whatever you want to be you could be

a billionaire and be poor it might be

whatever whatever that amount is it's

not as much as you want it to be right

which of course gets into the deep

things of like maybe you should decide

not to want it to begin with and then

whatever we won't get into that number

24 be replaceable all right this is a

great way to stay poor because if and i

heard this from navarro i kind of like

it a lot which is if you can if you can

get a degree to do the job you're never

going to be unwealthy doing it because

everyone can do it right and so you have

to be able to learn things that other

people can't do right and that therein

makes you irreplaceable or less

replaceable right at the very least less

replaceable you want to be replaceable

by a marketplace of people lined up

behind you ready to take your job and do

it for less all right because they're

also poor and they are willing to do it

for life which is a terrible way to do

business it's also an excellent way to

stay poor though do what everyone else

is doing do it for less unless you have

an operational strategy which is you

know like walmart and whatever and

that's probably not you right now so

number 25 way to stay poor find

something that works dear god find

something that works and then stop doing

it

think about it

how many of you have needed to make

money last minute you had to pay payroll

you had to pay taxes you had to some

bill unexpected you know surgery iphone

whatever right some bill comes up and

you need to pay for it and you find a

way to make the money because if you're

watching this video you're still alive

right so you found a way to you found a

way to pay for it what did you do there

when you needed to make money you heard

something messed up

you were willing to make money and you

had the ability to make money when it

was for someone else and not for

yourself

think about that

you had the ability you knew what to do

and you just chose not to do it you

stopped doing it as soon as you paid

someone else's bills because you were

willing to pay other people's bills

tonight your own interesting which leads

me to one of the most retweets i had

recently which is most people know what

to do to achieve their goals most people

do know what to do people like i don't

know how to lose weight i'm like yeah

you do stop eating [ __ ] and move you

know how to you know how to do that you

want to make money start making calls

start reaching out to people start

promoting the thing that you are trying

to sell

not i mean not complicated i got this

thing do you want to try it no cool talk

to somebody else got this thing you want

to try it no cool call somebody else

right it's not it's not complex it's not

complicated but people just don't do it

it's because they're not willing to do

it right and so

excellent thing to do find something

that works so a lot of you do know

something that works and then stop doing

it number 26 we're rounding off we got

two more

hire dumb people excellent way to stay

poor and have a bad business all right

really really highly recommend it it's

also really good for if you have a job

too if you have the ability to hire

people hire dumb people it's just it's

just a great way to make your life

miserable there's very few ways that are

better than this one like if you just

want to be surrounded by dumb people

just hire people i mean just hire people

don't want you you know i mean and um

you'll you'll feel good but you'll be

poor and so

don't do that

number 27 this is a huge one that i see

all the time for staying poor and it's a

really good strategy it might be one of

the top ones on this list assume you are

always right how many people here right

you're watching this know someone who

always just think they're right and

they're not successful they get advice

from somebody who might be successful

more successful than them and they're

like no that's not going to work for x y

and z because they assume they're always

right they assume they know everything

well if you know everything then why

aren't you achieving what you want hmm

and i will tell you this from the people

that i've met who have been far ahead of

me they have a voracious desire to learn

and a voracious interest in learning

from anyone and every single possible

source they can and those people have

the humility to say that everyone knows

something that they don't know and so in

that way they can learn of them which is

i think an emerson quote

if you cannot learn

then what's the point so you you give

yourself zero advantages like there's no

way that you can learn from other people

if you think you're always right and i

know this sounds [ __ ] obvious but a

lot of you guys do this

why like you'd rather be right than be

rich and it's silly but it's an

excellent way to stay poor so that's why

it's number 27. and then the last one

and this is the simplest of the

economics around it i'm just gonna drive

this baby home is

make money period spend more than you

make and the beautiful part about this

is that it doesn't matter how much you

make if you spend more than it you can

be poor which is why this is such a

great one it's a great way to stay

porous doesn't matter how much you

increase your income just spend more

than you made right go into debt and

adjust your lifestyle to your new income

at all times or rather above your income

so that you can always stay poor no

matter how much money you make it's just

an awesome way to stay poor and so i

highly recommend doing that all right um

just and honestly the more you can do it

the the more you can outspend your

income the poorer you will be and so

again highly recommend it and it sounds

silly but you know a few people like

right now i think it's like the bottom

50 of america like doesn't have any

savings and what's crazy is that like

you can you can control like these these

things are controllable like you can

always downgrade your lifestyle but the

thing is you care more about the

opinions of others than you do about

your own right you care more about

looking rich than being rich right all

these things and that's why all of these

things go together and so to wrap this

up the reason that inversion thinking is

so powerful is that we can use our

brains to find threats more easily than

we can find solutions and so if we think

about your business career or you think

about your marriage or you think about

your body or you think about whatever it

is your money goals think about the ways

to destroy it i just gave you 28

different ways that you can be poor when

you reverse them and you make those the

rules for living that you have

then what happens is you succeed by

accident because you avoid the pitfalls

because the thing is if you don't make

many mistakes you succeed without trying

because all you're doing is just

focusing on just not making these stupid

mistakes that most people do right if we

if we were to reverse these and this is

what i'm going to hit this with hard

enjoy we're hitting it right now start

today read books do the stuff that's in

the books take advice from rich people

on how to be rich pick a spouse who

makes you feel awesome about working

fail once try again think the world is

unfair and act accordingly never blame

your circumstances thank your

circumstances for making you who you are

instead of complaining do something

expect no one to save you except for

yourself

value your opinion over those of other

people seek out discomfort tolerate

nothing but excellence make promises

keep promises wait for the worst

conditions wait for imperfect conditions

and act anyways on what you want right

avoid working on the stuff that doesn't

matter work on the things that matter

most ignore the rest say you're going to

do something and then do it do what no

one else is doing

do your best and make it above what it

takes to be successful talk less do more

start something new today and keep at it

until you are good do it so long that it

would be unreasonable for you to be bad

don't believe what other people think

about you more than what you think about

yourself be irreplaceable find something

that works and don't stop doing it keep

doing it until you're bored out of your

mind because you're so good at doing

that thing that worked hire smart people

assume that you were always wrong and be

willing to learn and make money and

spend less than you make and that is the

28 rules of poverty flipped on its head

and you can make your own conclusions

about where that'll take you i love you

mostly nation keep being awesome i'll

see you guys next video bye