Financial Independence is a Huge Trap

Summary

The speaker challenges the concept of Financial Independence as a means to delay self-discovery, arguing that it often leads to further disorientation. They propose that individuals should embrace their unique experiences and knowledge to serve others, positioning themselves within the 'information economy.' By sharing their authentic insights on social media, they can connect with those who resonate with their perspective, potentially achieving a fulfilling career and high income as a byproduct of serving others, rather than making money the primary goal.

Takeaways

• 💡 Financial Independence is often seen as a means to delay self-discovery and finding personal fulfillment.
• 🔄 The speaker emphasizes that reaching Financial Independence does not automatically lead to clarity on what one truly wants in life.
• 🌟 Engaging in a job that feels unfulfilling can be likened to being in a toxic relationship, sapping one's confidence and joy.
• 🚀 The speaker suggests that people often use the goal of Financial Independence as a way to postpone dealing with their true desires and passions.
• 🏭 The Industrial Revolution centralized business ownership and self-employment, but the Information Revolution is decentralizing it again, allowing for more individual expression.
• 📚 The traditional education system had a monopoly on knowledge, but the internet and social media are disrupting this, allowing individuals to share and monetize their unique insights.
• 🌐 Social media is redefining the information economy, enabling individuals to broadcast their expertise and experiences directly to others.
• 💼 The speaker argues that earning a high income is not only possible but also ethical, provided it is a result of genuinely serving others and providing value.
• 🌱 Becoming oneself and sharing one's unique perspective is the key to participating in the new information economy, rather than trying to fit into a predefined mold.
• 💰 Money and Financial Independence should be seen as byproducts of living a fulfilling life, not the end goals themselves.

Q & A

What is the main argument the speaker is making about Financial Independence?

The speaker argues that Financial Independence is often used as a trap or an excuse to postpone self-discovery and personal fulfillment. People may think they will find their true passion once they are financially free, but the speaker suggests that this might not be the case.

Why does the speaker believe that reaching Financial Independence won't automatically provide life's purpose?

The speaker believes that Financial Independence, while providing time and resources, does not magically reveal one's true desires or the activities that bring meaning and fulfillment. They suggest that many people who have achieved Financial Freedom still feel lost.

What historical shift in the workplace does the speaker refer to?

The speaker refers to the Industrial Revolution as a major shift in the workplace, which centralized business ownership and decreased self-employment rates due to the rise of large-scale manufacturing and lower costs of goods.

What does the speaker consider as the current revolution in the workplace?

The speaker considers the 'information revolution' as the current revolution in the workplace, which is disrupting the traditional information economy and allowing for more decentralized business ownership and self-employment.

How does the speaker describe the traditional education system's role in the information economy?

The speaker describes the traditional education system as having a monopoly over the information economy, where people had to go through colleges and universities to obtain information and skills for their careers.

What is the speaker's view on the quality of information provided by the traditional education system?

The speaker believes that the information provided by the traditional education system may not always be of the highest quality, as educators may not be direct practitioners of the subjects they teach or may not have the life outcomes that students desire.

What alternative does the speaker propose to the traditional education system for obtaining valuable information?

The speaker proposes leveraging social media and the internet, where individuals can learn from direct practitioners who have solved similar problems or achieved the desired life outcomes, often at a lower cost and higher quality.

What does the speaker mean by 'becoming yourself' in the context of the information revolution?

The speaker encourages individuals to discover and express their unique set of information and experiences, which can be valuable to others. This involves sharing one's unique insights and solutions to problems on social media platforms.

How does the speaker perceive the relationship between earning a high income and serving others?

The speaker perceives earning a high income as an ethical outcome of serving others effectively. They argue that if one is earning a lot of money, it is a sign that they are providing significant value to society.

What misconceptions does the speaker address regarding the pursuit of a high income?

The speaker addresses misconceptions such as the belief that earning a high income is not realistic, unethical, requires selling one's soul, or is not possible for everyone. They argue that these are limiting beliefs and that a high income is achievable by serving others well.

What is the speaker's final piece of advice regarding the pursuit of Financial Independence and personal fulfillment?

The speaker's final advice is to focus on being oneself and serving others, rather than making Financial Independence the goal. They emphasize that money and Financial Independence are byproducts of serving others well and being true to oneself.

Outlines

00:00

💰 The Illusion of Financial Independence

The speaker begins by challenging the concept of Financial Independence, suggesting it might be a trap. They share personal experiences and insights from recent conversations, highlighting a common theme of seeking financial freedom, meaning, and fulfillment without compromising one's soul. The speaker emphasizes that financial independence alone won't necessarily lead to self-discovery or a fulfilling life, and warns against using it as a means to defer finding one's true purpose.

05:01

🔍 The Misguided Pursuit of Financial Freedom

This paragraph delves into the idea that many people postpone self-discovery and personal fulfillment in pursuit of financial freedom. The speaker argues that financial independence does not guarantee a sense of purpose or satisfaction in life. They caution against the belief that financial freedom will automatically lead to clarity about one's desires or the ability to pursue a meaningful career or passion. The speaker also discusses the negative impact of working in an unfulfilling job, suggesting that it can stifle personal growth and confidence.

10:04

🏢 The Workplace as a Form of Private Government

The speaker introduces the concept of workplaces, particularly large corporations, functioning as a form of private government. They discuss how these environments can control employees' lives, often in a non-democratic manner. The speaker references Elizabeth Anderson's work, which suggests that the workplace has evolved into a controlling entity that dictates employees' actions and decisions. This section sets the stage for a broader discussion on the nature of work and its impact on personal freedom and fulfillment.

15:04

🏭 The Industrial Revolution and Its Impact on Work

This paragraph explores the historical impact of the Industrial Revolution on the workplace. The speaker describes how the revolution led to a shift from self-employment and decentralized business ownership to centralized industrial manufacturing. They discuss how this change disrupted traditional crafts and trades, leading to a decrease in self-employment and an increase in factory-based employment. The speaker suggests that this historical context is relevant to understanding current workplace dynamics and the potential for future changes.

20:07

🌐 The Information Revolution and Its Disruptive Potential

The speaker introduces the concept of the Information Revolution, comparing it to the Industrial Revolution in terms of its potential to disrupt the economy and the workplace. They argue that the internet and social media have disrupted the traditional education system's monopoly on information, leading to a more decentralized information economy. The speaker suggests that this revolution is enabling individuals to access and share high-quality, specialized information, which can lead to new opportunities for self-employment and personal fulfillment.

25:07

🤝 The Power of Personal Experience and Direct Practice

In this paragraph, the speaker emphasizes the value of personal experience and direct practice in the information economy. They argue that individuals have unique insights and knowledge that can be valuable to others facing similar challenges. The speaker suggests that by sharing this information, individuals can participate in the information economy, providing value to others and potentially earning income. They stress the importance of authenticity and the unique perspective each person brings to their field of expertise.

30:07

💡 Becoming Yourself: The Key to Unlocking Potential

The speaker encourages the audience to embrace their unique identity and experiences as the key to unlocking their potential. They argue that each person has a unique 'recipe' of life experiences and knowledge that can be valuable to others. The speaker suggests that by sharing this unique information, individuals can connect with others who resonate with their experiences and provide solutions to problems they have faced or are currently facing. This approach is presented as a way to find personal fulfillment and contribute to the information economy.

35:09

💼 High Income as a Byproduct of Serving Others

The speaker discusses the misconceptions around earning a high income, arguing that it is not inherently unethical or unrealistic. They emphasize that earning a high income is a byproduct of serving others and creating value in society. The speaker challenges common objections to earning a high income, such as the belief that it requires selling one's soul or that it is not achievable for everyone. They argue that by focusing on serving others rather than solely on making money, individuals can achieve both financial success and personal fulfillment.

40:12

🌟 The Unique Value of Individual Information

In the final paragraph, the speaker reiterates the importance of recognizing the unique value of each individual's information. They argue that everyone has something valuable to offer, and that this can be shared through social media and other platforms to connect with others who need that specific information. The speaker encourages the audience to see themselves as potential information distributors in the information economy, emphasizing that they do not need to be superstars or have groundbreaking knowledge to be valuable to others.

Keywords

💡Financial Independence

Financial Independence refers to a state where one has enough wealth to live without having to work actively for basic necessities. In the video, it's discussed as a common goal that people pursue, but also as a concept that might be misused as a way to postpone self-discovery and fulfillment. The speaker argues that achieving financial independence does not necessarily lead to finding one's purpose or happiness.

💡Self-discovery

Self-discovery is the process of learning about and understanding oneself, one's values, desires, and identity. The video emphasizes the importance of self-discovery in finding true fulfillment in life, suggesting that it should not be overlooked in the pursuit of financial independence. The speaker shares personal experiences and observations to illustrate how self-discovery can lead to a more meaningful life.

💡Fulfillment

Fulfillment, in the context of the video, relates to a sense of satisfaction and completeness that comes from engaging in meaningful activities and living a purposeful life. The speaker contrasts the pursuit of financial independence with the pursuit of fulfillment, suggesting that the latter is more directly linked to happiness and personal growth.

💡Information Revolution

The Information Revolution, as mentioned in the script, refers to the current era where access to information and the ability to share it widely has transformed society, much like the Industrial Revolution did in its time. The video discusses how this revolution is decentralizing the flow of information and creating new opportunities for self-employment and entrepreneurship.

💡Soul-sucking job

A 'soul-sucking job' is a colloquial term used to describe a job that is unfulfilling and drains one's energy and spirit. In the video, the speaker uses this term to describe traditional employment that many people find themselves in, which can feel restrictive and lead to a loss of identity or self-worth.

💡Private Government

Private Government is a concept from the book 'Private Government' by Elizabeth Anderson, which the speaker references. It refers to the control that workplaces, particularly large corporations, exert over individuals' lives, similar to how a public government does. The video uses this concept to discuss the power dynamics within traditional employment structures.

💡Toxic Relationship

A toxic relationship is one that is harmful to one's well-being, often characterized by negative patterns of behavior. The video draws a parallel between staying in a toxic work environment for the sake of financial security and staying in a toxic personal relationship for similar reasons, suggesting that both are forms of self-betrayal.

💡Craft or Trade

Craft or trade refers to a skill or occupation that one is skilled in or passionate about. The speaker encourages the pursuit of engaging in one's craft or trade as a means to find fulfillment and express one's unique talents, rather than just focusing on financial gains.

💡Information Economy

The Information Economy is a term used to describe the economic sector involved in the production, processing, distribution, and management of information. The video discusses how the traditional monopoly on information by educational institutions is being disrupted, allowing individuals to share their unique knowledge and experiences more freely.

💡Social Media

Social media is a collective term for websites and applications that enable users to create and share content or participate in social networking. In the video, the speaker discusses how social media has become a platform for broadcasting information and a tool for individuals to share their unique insights and experiences with a wider audience.

💡High Income

High Income refers to earning a substantial amount of money, often more than what is necessary for basic needs and comforts. The video challenges common misconceptions about high income, suggesting that it is not only achievable but also ethical when it results from providing value to others.

Highlights

Financial Independence is viewed as a trap by the speaker, who shares personal experiences and observations.

The speaker emphasizes the importance of finding meaning and fulfillment in life without compromising one's values.

A common theme from conversations is the struggle to achieve financial freedom, personal meaning, and the expression of one's passion.

The idea that financial independence is used as a deferral tactic for self-discovery is critiqued.

Many people are attracted to financial independence due to dissatisfaction with traditional 9-to-5 jobs.

The speaker argues that financial independence does not guarantee self-discovery or fulfillment.

A high income is suggested as a solution to many life problems, challenging common limiting beliefs about earning potential.

The speaker proposes that serving others and providing value can lead to a high income ethically.

The concept of the 'information revolution' is introduced as a significant shift in the workplace and economy.

The information economy is described as being disrupted by the internet and social media, leading to new opportunities.

The traditional education system's monopoly on information is argued to be diminishing due to online platforms.

The empowerment of individuals to share unique information and experiences through social media is highlighted.

The speaker suggests that everyone has a unique piece of the puzzle that is valuable to others.

The idea that one does not need to be a superstar to have valuable information is presented.

The final message is that financial independence and money are byproducts, while self-discovery and service are the true goals.

The transcript concludes with the speaker's intention to share the content in a podcast format for convenience.

Transcripts

I think Financial Independence is a huge

trap and over the course of the next

short while I'm going to explain to you

why I've personally tasted this for

myself in my own life I've gone full

circle with this thing and I've also

seen it play out in countless other

lives as well in fact I just spent the

entire last week speaking to a bunch of

you and I just want to say to those that

did thank you so much for that

opportunity it was incredibly amazing

for me to do I didn't really know what

to expect going into something like that

but I just want to say to everyone that

I was just honestly blown away every

single person I talked to was so nice

was so interesting and cool and I

honestly just feel like if we all got

together in a room and hung out that

everyone would be friends and we'd have

some really interesting conversations

together so thank you for that I learned

so much from it and so this video today

this stuff I want to talk to you about

is actually a direct result of speaking

to so many of you it just created so

many any ideas inside of my mind that

I'm going to try and combine into one

main thread here and that's because in

these conversations a common theme kept

coming up a common problem and that was

related to these three things the idea

of finding Financial Freedom in your

life the idea of finding meaning and

fulfillment in your life and not selling

your soul along the way in order to

somehow achieve all three of these

things so in other words it's this

question of how can we find Financial

Freedom while also finding meaning and

fulfillment while also being able to

practice a craft or a trade or a passion

or Express the artwork that's inside of

ourselves that brings us through all of

these things so strap in buckle up I

want to cover a lot of ground today and

hopefully it should be pretty

interesting to being and let's start off

with an idea that I think will ruffle

some feathers and that idea is

people use Financial Independence as a

way of putting off finding themselves

now here's what I mean by this now this

is very very important many many people

myself included initially got interested

in the space of financial Independence

because we were struggling with this

idea of what we wanted to do with our

lives when we grew up or as we were

growing up we know when you're asked as

a kid what do you want to do when you

grow up either we did not have an answer

to that question or we wanted to do many

many many many many different things and

not just stick to one lane so you know

we were the type of people who were

sitting in a classroom and the teacher

would say what do you want to be when

you grow up little Steve and all the

other kids would say firefighter doctor

police officer or business person all

that kind of stuff and we either said uh

none of the above or all of the above

which is kind of the same as saying none

of the above because in today's world it

is very different to do many many

different things you're very much

encouraged to pick one thing and

specialize into that for the entirety of

your life at least in the traditional

Workforce Now what we did know was what

we did not want to do

and that was work a soul-sucking time

sucking and just generally unfulfilling

nine to five job we knew there was more

to life we knew there was more to us we

just did not know what that meant

exactly but then once we found out about

financial Independence our logic was

that hey you know using this financial

independent stuff I can just kind of

deal with my current situation for the

next 10 15 20 years and then at that

point once I am financially free then I

can move on and do that thing that I

actually want to be doing but do you see

what I just said there

I said at this point in the future

then I can do what I actually want to do

but the problem with that is remember

what I just said before that

we don't really know what it is that we

actually want to do and I'll explain

what I mean by that first of all I

promise you that reaching Financial

Independence having all the Time in the

World is Not magically going to make you

figure yourself out it's not magically

going to provide you the answers to the

question what is it that I actually want

to do what is it that actually provides

me meaning and fulfillment in my life

because I can direct you to a whole

bunch of cases where people have reached

financial and financial Financial

Freedom had all of the time in the world

only to feel so much more lost than they

were before I think there is a clear

reason why this phenomenon happens and

it will make more sense as we continue

along here now let's back up a little

bit for a second and talk when we're

talking about you know what you want to

do you might say well now actually Steve

I do know exactly what it is that I want

to do I have a very clear plan of what

I'm going to do down to the T once I am

financially free it's definitely

possible that that's true and I myself

thought that a few years back

but I would push back on that a little

bit and just caution you and say it

might not be what you actually think it

is because I think if you truly knew

what it is that you desire to do so

badly in this magical future time

you would be doing it right now this

brings me to my next point which is that

while you are putting off finding

yourself while you are putting off

questioning yourself discovering

yourself figuring out what type of

person you want to be what type of life

you want to lead what actually matters

to you

you are doing yourself a disservice in

the here and now today by subjecting

yourself to spending the majority of

your day in a working environment that

you feel like is suffocating you I

believe you are wronging yourself

several of you that I spoke with

highlighted this to me but one person in

particular said it in such a way that I

think really hits the nail on the head

they said

once they went into their corporate

workplace to start working for the day

they felt like a lesser version of

themselves it was so strange outside of

the workplace they would be able to

speak normally be able to form full

sentences speak with confidence but in

the workplace they found themselves

tripping over their words they they it

was as if it sapped their very

confidence and I think this is why the

phrase soul sucking

is so accurate and it just exists as a

phrase because it aligns with this exact

experience this person knew they were a

vibrant individual with a ton of

potential and could be completely

confident outside of the workplace but

once they were in there it was like they

were a completely different person or a

lesser version of themselves now you

might say well yes Steve that's exactly

why I'm trying to become financially

independent so I can get myself out of

this environment I know I actually have

potential inside of me I know I'm a

vibrant human being I just need to

pull myself out of this garden and plant

myself in another Garden where I can

grow properly fair enough but think

about what you're actually doing

you're saying I will subject myself to

this bad thing for now and for a while

so that I can one day leave this bad

thing I will subject myself to

Suffocation just so one day I can

hopefully breathe but let me ask you a

very important question

what if you could breathe

right now what if you did not have to

subject yourself to this and here's an

interesting way to frame it that's a

little bit different than the workplace

would you subject yourself to a toxic

relationship to a toxic love life just

to then eventually get out of this

relationship well of course not he would

just avoid that relationship you

wouldn't go into it that makes no sense

but hang on a second

because those aren't exactly the same

situation right because

we need something from this job you

might say well yes I would love to just

avoid it and not subject myself to this

working environment but I need something

from this working environment I need the

money I need the security I need the

resources that this thing provides me

and that's of course true we all do we

all need those things

but do you know what else we also all

need

we need love

we need companionship

we need sex and so for the exact same

reason people subject themselves to bad

toxic relationships because they need

something from it because they believe

that this is the only place to get what

they need I believe your career path

your workplace environment is very much

the same

many things in life are like this there

are many Universal principles that apply

across the board to many things and this

is no different we separate them and we

complicate them with layers and layers

upon abstraction and terminology and

all that kind of stuff which can be

useful or it can just over complicate

things and actually have a way of hiding

the truth so

I'm going to be very blunt with you I

would argue that you do not believe

yourself capable of receiving what you

want to in the way you want to so you

receive it from the only place that you

think you can if you are in a toxic

relationship you do not believe yourself

capable to be loved in the way that you

want to so you receive it from a bad

place if you are in a soul-crushing work

environment you do not believe yourself

capable of receiving money in the way

that you want to so you receive it from

the only place you think you can a bad

place now at this point a whirlwind of

objections may rise up inside of your

mind

yes but no but this but your butt my

butt butts everywhere everybody's butts

look there is a reason that I can say

this with such confidence and such

conviction and that's because it's easy

for me to say I'm sure we're all

familiar with that phrase it's easy for

you to say and that's because yes it is

easy for me to say because I am in the

position to say it and that's because

I've solved this problem that's why it

is so easy for me to say

had I had this exact problem I went

through this exact process I had these

exact same thoughts

and when I came out the other end of it

I realized that

the answer or the solution was different

than what I initially thought it was and

this solution is my next point now this

is going to be a bit of a long winded

rant so please prepare yourselves this

is kind of the

culmination of all the conversations

that I had this idea only came into my

mind from synthesizing a whole bunch of

different points things I've read people

I've talked to experiences I've had in

my own life that culminated in all the

conversations that I had with you guys

that it just kind of came out of me when

I was speaking to one of you and I

realized how powerful it was and I

believe the person on the other end of

the call did as well and from that point

forward

kind of realized that this was some

pretty interesting or interesting way of

looking at things so

I'm about to share all of it with you

now it begins with this book that I just

recently started reading private

government and you can see that the

subtitle is how employers rule our lives

and why we don't talk about it now this

book actually is not a book it is a

series of two lectures that were given

by this woman Elizabeth Anderson who is

a political philosopher and I believe

she gave them at Princeton and the

lectures were so interesting and well

received that they wanted to turn them

into a book and some other people have

provided some extra commentary that's in

the book now the main thesis that she's

advancing in the book here is that

workplaces especially large or corporate

workplaces based basically constitute a

form of government that controls the

internal organization and this form of

government is a private government now

what does that mean what is a prime

government well we're all pretty

familiar with public government this is

the when we talk about government this

is what we're talking about the public

government it is the organization that

we supposedly you know democratically

elect representatives who then go and

serve in the government hopefully in our

best best interest to represent us in

that way and kind of you know speak to

the will of the people

in workplaces though this is very

different they have much more of a

private government structure and what

Elizabeth means by this is that

there it's it's not Democratic in that

sense it's actually much more uh like a

dictatorship because there's a very

strict hierarchy structure and the

person above you in the organizational

chart is effectively your boss and they

get to tell you what to do and if you do

not listen to them there are usually

serious consequences for doing so so

it's a private form of government that

has a lot of control over your life now

this is actually kind of besides the

point this is not the point that I want

to talk about this is not the point that

I'm making in this particular video

but contained within her lectures there

was this other point that I want to pull

out that's going to be much more

relevant for what I'm about to tell you

and that is

an investigation of the workplace and

how it has changed throughout our last

couple hundred years so if we go back in

time a little bit now and this is I just

want to also preface this by saying this

will be a pseudo history lesson I am not

a history expert this is not academic

level so you know it's to illustrate a

general Point okay

everybody relax

prior to the Industrial Revolution

which was the last major change to the

workplace

the workplace looked very much like this

you had high rates of self-employment

and business ownership if we imagine

business ownership like a circle it was

broken up into many many many small

pieces it was very decentralized and the

reason this was the case is because

people generally lived in small

communities and in these communities you

found people who were who all practice a

trade or a craft or something in some

way to serve their community so you'd

find the Potter you'd find the cobbler

you'd find the blacksmith Innkeeper a

Tavern keeper horse Stabler doctor list

goes on and on everyone kind of

practiced a trade or craft or they might

have worked under someone as like an

apprentice or helped out with their

family managing this small business so

that was kind of the way the workplace

was

then the Industrial Revolution came

along and the industrial revolution had

this massive impact on the workplace and

that's because it introduced this idea

of scale this idea of

manufacturing scale it massively

disrupted the manufacturing side of the

economy and the reason it did this was

because you could now produce many many

things at a massive scale and the effect

of this was you could lower the cost of

many many Goods so for example if an

industrial manufacturer of bread could

produce a loaf of bread for one cent

whereas the baker down the street could

only produce a loaf of bread for one

dollar you are going to be able to

massively undercut him on the price of

your bread so as a result most people

started buying these more industrialized

products because they were much cheaper

which meant that these small businesses

could not compete and they went out of

business but then these business owners

who just lost their business needed to

find work they needed to find a way to

earn a living now

but the only jobs that were kind of

available were in these industrial

factories and manufacturers so what the

Industrial Revolution did as a result is

it caused self-employment rates to go

down and it caused business ownership to

become much more centralized okay that

was the last major change to the

workplace on that type of scale

until today until today and that's

because I believe

we are currently just in the very

beginning

of the biggest thing to happen to the

workplace since the Industrial

Revolution

and the reason why I believe that is the

case is because of this thing that I'm

sure I'm not the first one to come up

with this word

it's just how I've kind of said it in my

own head it's how it makes sense to me

it's not that exciting of a term but I

think of this as the information

revolution

now what do I mean by this well first of

all

I believe things are flipping back in

the other direction whereas

self-employment rates are going up and

business ownership once again is

becoming much more decentralized why is

this the case it's the case because in

the same way that the Industrial

Revolution massively disrupted the

manufacturing side of the economy

I believe the information revolution

is massively disrupting the information

side of the economy it's massively

disrupting the information economy what

is the information economy

probably didn't even think something

like that exists but it does but the

reason we don't really think it exists

is because up until now

it has been controlled by a monopoly and

that Monopoly is the education system

think about this for a moment

even today but more so 10 20 30 40 50

years ago plus

if you wanted to obtain information

related to

almost anything but more specifically

how to have a career that would provide

you with a livelihood if you wanted to

obtain that type of information and

training and skills and education

you had to obtain it from the education

system or more specifically from a

college or university they had a

monopoly on this information

but now this Monopoly has been massively

disrupted okay but

let me just paint a picture of how the

information economy existed still kind

of exists today but is in the process of

dying

so let's say you had one hundred

thousand people who all wanted to obtain

information about

like I said earlier about basically

information related to earning a living

in in the world as it exists so they go

to a university to the to do this and

these 100 000 people pay this education

Institution

fifty thousand dollars each one hundred

thousand people each pay fifty thousand

dollars to a college or university for a

four-year degree to obtain the

information from them as a result

they've collectively spent five billion

dollars and hopefully obtain some pretty

good information

now here's part of the problem there's

two big problems there

here's problem number one

the information that they've received

is

a lot of the time actually not of the

best quality and the reason that is the

case is because the person you're

receiving your information from at a

college or university is not necessarily

a direct practitioner of the very thing

that you're trying to learn they might

know this subject in an academic sense

they might know it in theoretical ex

sense they may even have a little bit of

practical experience but they're not a

true direct practitioner of this

information on top of that they may not

have solved

a problem in their life that you're

currently trying to solve in yours or

they don't have the life outcome that

you want in your life their life and

where it led to may look very different

from what you want your life to be so

the quality of information may not be

the highest

and you've spent a lot of money for this

information as a result of the Monopoly

over it

now

I believe the information economy

has been split wide open in this

Monopoly is in the process of being

massively disrupted and that's because

of the internet and because of the

connectivity of it and the connectivity

of social media now there's so many

misconceptions about social media

I've had tons of them but in my process

of actually participating it for several

years now and building a successful

career by leveraging it I've come to

realize what it actually is and all it

is

a medium through which to broadcast

information that anyone can use

information does not just mean text it

does not mean audio does not mean video

it does not mean music art whatever it

means all of these things it doesn't

have to just be education

information is the same thing as media

let's equate those two things so social

media is just a way to broadcast

information

that anyone can use

and because of that

here's what is now happening

in the information economy

let's say you have those same 100 000

people who are looking to obtain

information

instead of going to one entity who has a

monopoly on this to obtain that

information

let's say these 100 000 people end up

finding one thousand individuals

different individuals broadcasting

different information about a whole

bunch of different subjects on social

media and so as a result you basically

get groups of 100 people

going to these 1 000 individuals and the

reason they go to these 1000 individuals

is because they've been broadcasting the

information on social media which means

that they've been showing that they are

a direct practitioner of this

information and they have either a

solved a problem in their life that the

person searching for information is

currently trying to solve or B they have

the life outcome that that person wants

or both of those things can also be true

so

they go to this person to learn

information from them and because they

want a specialized maybe more high-touch

Hands-On transmission of that

information they're willing to exchange

value for it they're willing to exchange

money for it and so they say I will pay

you this person one thousand dollars to

teach me that thing now that sounds like

a lot of money one thousand dollars to

give to some person you've never met

before who's not some official

institution of information how could I

possibly give that much money to this

person

well

you just give gave 49

000 more dollars to an official

institution and got information as

a result

so more and more people today are

realizing that

actually giving this random person one

thousand dollars is way better for me

because guess what the information is of

a much higher quality

so in this type of transaction

everyone massively wins the person

looking for the information massively

wins because they get much higher

quality information and the person

transmitting the information massively

wins as well because in that

hypothetical transaction I just

highlighted

the person getting the information saved

forty nine thousand dollars in four

years of their life and the person

giving the information got one hundred

thousand dollars in exchange

everyone massively wins

this is the information revolution this

is the mat the next big disruption I

think of the workplace and the economy

and it's happening in the information

world it's happening in the education

world it's happening in this thing I

think of as the information economy that

I think most people didn't even realize

existed until now now okay that was very

long rant I just said a bunch of stuff

um let's pause for a second because it

might have sounded like a very very very

long way of saying you should become a

YouTuber or an instagramer or a tick

tocker or a blogger or something like

that no absolutely not

I don't think you should become any one

of those things I am not any one of

those things I don't want to be one of

those things you can I mean if you do

that's totally fine you can be you can

be one of those things

but that's not the point that I am

making here I'm not saying you should

become those things I'm not saying

that's the solution to everything we've

talked about thus far I'm saying the

solution is to become and be you now

what do I mean by that

you have I have we all have a very

specific recipe

that makes us us

I have been through

a set of Life Experiences I have had a

series of thoughts I have met consumed

anything and everything that's ever

happened to me basically

makes up this recipe that I am today and

the same goes for you

now the beautiful thing about this

recipe is the only place that somebody

can get it

is from you

they're mer there there may be similar

ones out there different recipes may be

inspired by different people well of

course they definitely are inspired by

other people

but none of them will be quite like

yours just like none of them are quite

like mine this is a very beautiful and a

very powerful thing and that's because

whatever problem

you are currently trying to solve in

your life or a problem that you may have

faced and surpassed

you can trust and you can guarantee

that there are basically these people

out there who exist in the world that

you probably have never met

which are like past versions of yourself

that relate to you very much because

they they like your recipe it's kind of

similar to theirs not the exact same but

it's similar

and they're facing either the same

problem you're facing or

they're trying to solve one that you've

already solved

and the ability to go from point A to B

to go from my however problem to I

solved a problem that line in between

those two things is very very very

valuable because think about it if you

currently have a problem right now

wouldn't you think information on how to

get past that problem would be very

valuable to you now it's very important

I'm not saying that it should just skip

you right through the problem that's not

a good thing we don't want to rob anyone

from the experience of going through the

problem themselves That's essential

experience

but if it could save you from making

major mistakes or just show you a

quicker way to solve that problem

that's valuable information we would all

very much appreciate it we would all

very much appreciate a map that tells us

how to get to where we're going

hopefully with some you know nice

comments and suggestions and

recommendations on that map I believe

that every person has a very very very

very very small piece of the puzzle that

makes up the tapestry of the humanity

and our puzzle piece fits in very

closely and very well with the other

people who also have similar recipes to

us who relate to us who can connect with

us and we can serve those people

everybody has their peace and their

peace is valuable and so the currency of

this economy I was describing earlier

this information economy keep using the

word information maybe I need to think

of some different words to break it up a

little bit but the currency of the

information economy is information and

that puzzle piece everybody possesses is

a unique set of information do you see

what I'm saying here you can participate

in this information economy Because by

the laws of Heaven and Earth

you have information that no one else

can possibly have and that's a valuable

thing now as I said before

everyone wins in this new information

revolution

and one of the reasons that the

information Distributors win and as a

side note most people who participate in

the information economy are both

Distributors and consumers of

information it's kind of like a cyclical

system which makes it very nice

everyone's supporting and consuming off

of each other it's great

um but back to what I was saying one of

the big ways that the information

Distributors win

is that it unlocks the opportunities to

receive a high income and a high income

solves almost all problems that you can

experience in life save a few and you

probably have limiting beliefs that are

holding you back from achieving one

again I can say this easily and with

confidence because I very much did I

very very very very much did so what do

I what do I mean by these two things a

high income solves a lot of problems and

you probably have limiting beliefs that

prevents you from achieving one let's

start with number one how does a high

income solve a lot of problems in life

death

money obviously can't solve this at

least with our current understanding of

biotechnology but hey maybe that's in

the process of changing

I don't know I don't really know what

that world looks like though

um happiness Money Can't directly solve

Love Money Can't directly solve

this is where finding yourself very much

comes into play and becomes very

important though but pretty much

everything else

having a high income

solves it but you probably have limiting

beliefs related to this you have you

probably have limited beliefs related to

you being able to achieve what you may

think of as a high income

and if you don't believe me I'm going to

attempt to draw them out inside of your

mind right now and that's because I'm

going to say to you

ready ready for this

a high income is multiple six figures

minimum objection I can't do that

objection that's not realistic objection

that's unethical objection I would have

to sell my soul to do that objection not

everyone can do that okay

those are some pretty good objections so

let's let's maybe go through them and

kind of tackle them one by one so to the

first one

I can't do that you know there's a

really cliche phrase but some cliches

are cliches for a good reason and

I'm gonna paraphrase it here but it goes

along the lines of if you think you can

you're right and if you think you can't

you're also right to the second saying

that's not realistic

well

expecting water to boil at 100 degrees

Celsius at sea level

that's realistic that's a realistic

expectation and the reason why that's

realistic is because it 100 aligns with

the laws of Heaven and Earth physics all

that stuff as we know them

whether or not you can earn a high

income

has nothing to do with the laws of

physics

it has nothing to do with objective laws

it has everything to do with subjective

information that you tell yourself

inside of your own mind now to the third

saying that it's unethical to earn a

high income

I would actually argue that it actually

must be an ethical thing it actually is

an extremely ethical thing to earn a

high income now obviously there are

exceptions to this Rule and the

exceptions are people who are outright

intentionally deceitful dishonest

scammers Bad actors

people who steal essentially

yeah that's not ethical I'm not talking

about them

in all other cases in order for money to

be exchanged the person exchanging the

money must believe that they are

exchanging money for something that is

at least as valuable as the money that

they were giving and ideally as a as a

good way to practice business and the

most successful businesses generally

give people more value than the money

that is being transacted so as a result

it means that if you earn a high income

it means that you are generating a large

amount of value for society also known

as helping people serving others you

receive money as a byproduct of doing

that so

it must be ethical and if you're getting

a lot of money it means you are serving

a lot of people or serving them in a

very impactful way now to the fourth

saying that I would have to sell my soul

to make that kind of money this is a

very common thought of people who are

artistically inclined it's a thought

that I very much am sympathetic to to

this I would say that's only true if you

make earning money the goal

you can instead make serving others the

goal as I just talked about money comes

as a byproduct of serving others so you

have these two approaches to I guess

making a goal of earning money you can

just make earning money the goal or you

can make serving others the goal two of

them can lead to earning a lot of money

only one of them is going to lead to

keeping your soul intact and to the

fifth objection saying not everyone can

do that

that's actually probably the most

accurate one

however I would make a slight adjustment

to that to make it even more accurate

and I would change it from not everyone

can do that to not everyone will do that

let me explain what I mean I know these

days it can seem like

everybody has some type of career

related to social media everyone is an

influencer blah blah blah

but think about this for a second

let's say there was one million people

who had a career on social media I have

no idea how many there are but

that's a lot of people

now though think about that there are

something like 4.5 billion internet

users so that means

like

0.02 percent of Internet users are

earning a living from it are making a

career off of it that's an extremely

small amount of people and it will never

be a huge massive percentage of this and

I'm not saying it should be I'm not

saying this is something for everyone

I'm just saying if those three things

that I mentioned at the beginning of

this video

are the path you are looking for in life

this is the way that I have discovered

for myself to solve this and I believe

this is a way many many many people also

can I want to be clear again I am not

saying that path is to become a YouTuber

tick tocker Instagram or blogger

influencer

that's not what I'm saying I'm saying to

discover and then become yourself and

then to broadcast this unique set of

information contained only in you

out on social media and what this will

effectively do is it will send up a

flare into the night and this flare that

you send up will be of this very

specific color that is unique to you and

you alone and everyone who is walking

around in the night looking for

information looking up in the sky at all

of these flares

some of them not all of them you do not

need to speak to everyone in fact you

only need to speak to a very specific

and small number of people who again

connect with you and want the

information that you and you alone have

they will come to you to get that

information

this is the power of this information

revolution you do not need to have some

groundbreaking Earth shattering

knowledge you do not need to be a

superstar

I'm not any of those things

you have information that is unique to

you

and that's what makes it valuable to

other people now there is still so so so

so so so much I could say about this my

brain is exploding but I think I've been

talking for a very long time already

today this has probably been the longest

video I've ever made like this uh but if

you've liked this type of thing you

found it interesting or valuable please

let me know I've actually decided

because this is as long as it is I'm

going to also put it into a podcast

format I guess you could say I am

starting my own podcast not really it's

more just if it's a more convenient way

for you to listen to this type of long

form thing

uh it's going to be available for you to

listen to that way as well so you can

find a link down below for that if that

interests you and if I continue to

create more long-form stuff like this

I'll make sure it goes there as well now

if I could just put a cap on this whole

thing

a sentence to finish it off a period if

you will

money

is a byproduct

not the goal

Financial Independence is a byproduct

not the goal

you

are the goal thank you for taking the

time to chat with me here today I wanted

to basically sum up this incredible week

of talking with all of you and I hope

I've done a good job here so

thank you and take care until next time