Financial Independence is a Huge Trap
Summary
TLDRThe 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
- ๐ก Financial Independence is often seen as a means to delay self-discovery and finding personal fulfillment.
- ๐ The speaker emphasizes that reaching Financial Independence does not automatically lead to clarity on what one truly wants in life.
- ๐ Engaging in a job that feels unfulfilling can be likened to being in a toxic relationship, sapping one's confidence and joy.
- ๐ The speaker suggests that people often use the goal of Financial Independence as a way to postpone dealing with their true desires and passions.
- ๐ญ The Industrial Revolution centralized business ownership and self-employment, but the Information Revolution is decentralizing it again, allowing for more individual expression.
- ๐ 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.
- ๐ Social media is redefining the information economy, enabling individuals to broadcast their expertise and experiences directly to others.
- ๐ผ 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.
- ๐ฑ 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.
- ๐ฐ 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
๐ฐ 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.
๐ 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.
๐ข 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.
๐ญ 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.
๐ 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.
๐ค 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.
๐ก 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.
๐ผ 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.
๐ 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.
Mindmap
Keywords
๐กFinancial Independence
๐กSelf-discovery
๐กFulfillment
๐กInformation Revolution
๐กSoul-sucking job
๐กPrivate Government
๐กToxic Relationship
๐กCraft or Trade
๐กInformation Economy
๐กSocial Media
๐กHigh Income
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
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