REPROGRAM your mind to be rich in 22 minutes....
Summary
TLDRIn this video, the speaker discusses the concept of 'inversion thinking' inspired by Charlie Munger, suggesting that to achieve success, one should consider the opposite of desired outcomes. The speaker lists 28 ways to stay poor, such as procrastinating, seeking poor advice, and tolerating mediocrity, and then advises doing the opposite to become wealthy. The video emphasizes taking action, learning from failure, valuing personal opinion, and avoiding unnecessary debt.
Takeaways
- 🔄 Inversion Thinking: Use the process of inversion thinking to solve problems by considering how to fail or destroy something, then doing the opposite.
- 📚 Read and Do: Consume knowledge from books but ensure to apply it practically rather than just accumulating information.
- 💡 Seek Wise Counsel: Seek advice from successful individuals who have demonstrated wealth or success in the area you wish to grow.
- 👫 Choose Supportive Relationships: Select partners who encourage and support your ambitions rather than those who hinder them.
- 🚫 Avoid Quick Failure: Don’t quit after the first failure; see it as a learning opportunity and persist in your efforts.
- 🌍 Embrace Inequality: Accept that life may not be fair and use that understanding to drive your actions and decisions.
- 🤔 Stop Complaining: Shift from complaining about circumstances to taking action and making the best of your situation.
- 💪 Self-Reliance: Rely on yourself for success rather than waiting for external assistance or approval.
- 🤝 Value Your Own Opinion: Prioritize your own views and decisions over the opinions of others to maintain autonomy in your success journey.
- 🚀 Embrace Discomfort: Seek out and endure discomfort as it often leads to growth and progress towards your goals.
Q & A
What is inversion thinking as described in the video?
-Inversion thinking is a problem-solving strategy where you approach a goal by first identifying how to achieve the opposite outcome and then avoiding those actions. It's based on the idea that our brains are better at identifying problems than solutions.
Why did the speaker choose to discuss '28 ways to stay poor'?
-The speaker chose to discuss '28 ways to stay poor' as a way to apply inversion thinking, inspired by Charlie Munger's talk on how to live a miserable life. This approach helps in identifying and avoiding behaviors that lead to failure.
What is the first way to stay poor mentioned in the video?
-The first way to stay poor mentioned in the video is to start tomorrow, meaning to procrastinate on taking action towards your goals.
Why is reading lots of books without taking action listed as a way to stay poor?
-Reading lots of books without taking action is listed as a way to stay poor because it can lead to inaction and a false sense of accomplishment without actually making progress towards financial goals.
How does the video suggest choosing a spouse can impact your financial success?
-The video suggests that choosing a spouse who makes you feel guilty for working or pursuing your dreams can hinder your financial success, as it may lead to compromising your goals and dreams.
What is the significance of the advice 'fail once, quit forever' in the context of the video?
-The advice 'fail once, quit forever' is significant because it highlights the importance of not giving up after the first failure. It emphasizes learning from failure and continuing to pursue success despite setbacks.
Why does the video suggest that expecting the government or others to save you is a way to stay poor?
-Expecting the government or others to save you is a way to stay poor because it promotes dependency and a lack of personal responsibility. True financial success comes from self-reliance and initiative.
What does the video imply about the relationship between valuing others' opinions over your own and staying poor?
-The video implies that valuing others' opinions over your own can lead to staying poor because it may prevent you from making decisions that align with your own goals and values, which are crucial for financial success.
How does the video define 'success' and why is this definition important for avoiding poverty?
-The video defines 'success' as a process rather than an outcome, emphasizing that one can be successful by living their values and pursuing their goals. This definition is important for avoiding poverty because it encourages continuous effort and self-assessment, rather than seeking external validation.
What is the advice given in the video regarding the importance of working on what matters most?
-The advice given in the video is to focus on the tasks that have the most significant impact on achieving your financial goals, rather than getting caught up in busywork that does not contribute to your success.
Why does the video suggest that talking more and doing less is a way to stay poor?
-Talking more and doing less is suggested as a way to stay poor because it can lead to a lack of action and results. The video encourages taking action and producing results rather than just discussing plans and goals.
Outlines
🧠 Inversion Thinking for Avoiding Poverty
The speaker, Oxford Moses, introduces the concept of inversion thinking, inspired by Charlie Munger. This approach involves identifying ways to fail or destroy a desired outcome and then avoiding those pitfalls. Moses emphasizes that our brains are better at identifying problems than solutions, so this method leverages that strength. He applies this to various aspects of life, including business and personal growth, and encourages viewers to do the same. The video promises a list of 28 ways to stay poor, with the ultimate goal of reversing these to achieve wealth and success.
📚 Reading Without Action Leads to Poverty
Moses discusses the first of the 28 ways to stay poor: procrastination, exemplified by starting tomorrow instead of today. He then addresses the trap of reading many books without taking action, suggesting that reading one book and acting on its contents is more valuable. He warns against seeking financial advice from those who are not successful, highlighting the importance of surrounding oneself with successful individuals. He also advises against choosing a partner who discourages ambition and instead encourages finding supportive partners. The paragraph concludes with the recommendation to embrace failure as a learning opportunity rather than a reason to quit.
🤝 Choosing the Right Partner and Mindset
Continuing the list, Moses points out the importance of not blaming circumstances for one's situation but instead using them to build character. He stresses the need to stop complaining about uncontrollable factors and to start taking responsibility for one's own success. The speaker also advises against expecting external entities like the government to save one from poverty, advocating for self-reliance. He emphasizes the importance of valuing one's own opinion over others, recognizing that success is a personal choice and a state of mind.
💼 Embracing Discomfort and Excellence
Moses explains that avoiding discomfort is a sure path to mediocrity and poverty. He argues for embracing the discomfort that comes with learning and growing. The speaker also stresses the importance of not tolerating mediocrity, both in oneself and others, advocating for setting and maintaining high standards. He warns against breaking promises, which can damage one's reputation and self-respect. The paragraph also touches on the importance of not waiting for perfect conditions to start working towards success, as they rarely exist.
💼 Prioritizing True Wealth Over Appearances
The speaker discusses the importance of prioritizing being rich over looking rich, suggesting that external appearances are often misleading. He advises against focusing on superficial displays of wealth and instead encourages investing in long-term wealth generation. Moses also stresses the importance of working on what truly matters, avoiding the trap of busyness without progress. The paragraph concludes with a call to action, urging viewers to do what is necessary for success, even if it requires going beyond one's comfort zone.
🏆 Achieving Success by Avoiding Common Pitfalls
Moses concludes the video with a summary of the 28 ways to stay poor and their inversions for success. He emphasizes the power of inversion thinking in achieving one's goals by avoiding common mistakes. The speaker provides a comprehensive list of actions to take, such as starting immediately, reading and applying knowledge, seeking advice from successful individuals, and maintaining a growth mindset. He also encourages viewers to be irreplaceable, to learn continuously, and to live below their means to ensure long-term wealth and success.
Mindmap
Keywords
💡Inversion Thinking
💡Charlie Munger
💡Problems vs. Solutions
💡Start Tomorrow
💡Reading Books
💡Taking Advice
💡Spouse and Support
💡Failure and Learning
💡World's Fairness
💡Blaming Circumstances
💡Government and Self-Reliance
Highlights
Introduction to inversion thinking as a problem-solving strategy popularized by Charlie Munger.
The concept of starting tomorrow as a method to stay poor and the importance of beginning today.
The paradox of reading many books without taking action as a way to maintain poverty.
The pitfalls of seeking financial advice from those who are not financially successful.
The impact of choosing a spouse who discourages personal ambition and how it can lead to staying poor.
The importance of viewing failure as a learning opportunity rather than a reason to quit.
The misconception of the world being fair and how it can hinder personal growth and financial success.
The relationship between blaming circumstances and staying poor, with an emphasis on personal responsibility.
The idea that expecting external help, such as from the government, can be a barrier to wealth creation.
The significance of valuing one's own opinion over others when it comes to financial decisions.
The role of discomfort in personal growth and how avoiding it can lead to a life of mediocrity.
The importance of not tolerating mediocrity in oneself or others as a path to wealth and success.
The consequences of breaking promises to oneself and others, and how it can damage personal integrity.
The folly of waiting for perfect conditions to start pursuing success and how it can lead to inaction.
The irony of prioritizing appearances over actual wealth and how it can contribute to staying poor.
The importance of working on what truly matters and ignoring the rest to achieve financial success.
The dangers of following the crowd and not taking unique actions to achieve wealth.
The necessity of doing more than just one's best and pushing beyond personal limits to achieve success.
The contrast between talking about goals and actually taking action to achieve them.
The cycle of starting new projects without completion and its impact on long-term success.
The impact of believing others' opinions over one's own self-assessment and how it can hinder success.
The pattern of repeating mistakes and not learning from past failures as a way to stay poor.
The importance of being irreplaceable in the job market to ensure financial stability and growth.
The advice against hiring unintelligent people and its negative impact on business success.
The problem of assuming one is always right and closed off to learning from others as a barrier to wealth.
The final rule of overspending relative to income as a surefire way to stay poor, regardless of earnings.
Conclusion summarizing the 28 rules of poverty and their inversion for achieving success and wealth.
Transcripts
in this video i'm going to talk to you
about the 28 ways to stay poor and the
reason i'm framing it that way is
because charlie munger my personal hero
had a seminal talk that he gave multiple
times on how to live a miserable life
and the reason he gives it that way is
that he believes in a process called
inversion thinking which is where you
solve problems in reverse so for example
if you want to have a good marriage
rather than asking the question how do i
have a good marriage you ask the
question how would i destroy my marriage
and then you list out all the ways to
destroy your marriage and then you do
the exact opposite of that and what's
interesting is that our brains are much
better at finding problems than they are
finding solutions and so we do is we
harness this innate ability that we have
to find the problems and then after
finding every possible problem we can
imagine every threat imaginable which
evolutionary we're designed to look for
then flip that in reverse to find our
solutions all right and this is a
process of thinking that i've applied to
business i've applied it to merit i've
applied to a lot of different aspects in
my life and i would and i would
encourage you to do it as well but in
this video i'll talk about the 28 ways
to stay poor hey and stay tuned to the
end of the video because at the very end
i'm going to give you the reverse of
these the 28 rules
of how not to be poor i'll take all of
these things and i'll reverse them for
you in one hard-hitting blip that you
will not want to miss all right if you
don't know who i am my name is oxford
moses i own acquisition.com it's a
portfolio of companies that deserve a
100 million a year i make these videos
because i have a lot of fun doing it and
i hope you enjoy them as much as i enjoy
making them for you all right so the
first one this is one of the best ways
to stay poor and as a result by the way
side note this entire uh little mini
thread here got over 5000 uh shares on
my twitter uh and so that is why i
decided to make this video because it
seemed like a lot of you guys like that
okay so the first and best way to stay
poor is to start tomorrow so whatever it
is that you want to do whether it's
losing weight saving money starting that
business whatever it is to start
tomorrow all right so that's the best
thing you can do to stay poor is just
start tomorrow okay the next one is to
read lots of books and then do nothing
all right because it's one of the you
know lots of people talk about reading
books and i see people all the time that
i've seen for years in the exact same
position posting every oh yeah i'm
reading 52 books this year that's my
commitment instead of reading 52 books
maybe just read one book and actually do
something about it crazy i know number
three take advice from poor people on
how to be rich all right so think about
that for a second a lot of us surround
ourselves or at least i did when i was
starting out surround ourselves with
people who are very poor and we listen
to their advice on how to be rich and
they have no idea what they are doing
and we also listen to their judgment on
why our idea is stupid even though they
are poor so what would they know so
number three take advice from poor
people on how to be rich number four
this is a big one pick a spouse who will
make you feel guilty for working all
right so you have your dreams you have
these things you want to pursue but this
person is saying you shouldn't do that
you need to be doing x y z blah blah
blah and then you feel like you need to
compromise your dreams for that person
the problem is that you put your power
of your destiny in their hands and
you're asking for permission instead of
support right because the other day if
you don't accomplish your dreams and you
did it because of them who do you think
you're going to resent so you owe to
yourself and you go to your marriage to
hey pick people who are not who are
going to support you in your dreams even
if they don't necessarily agree right
but more easily not put your power in
somebody else right number five fail
once quit forever all right so as soon
as you do actually start to decide doing
something you fail immediately and say
oh i guess this isn't for me i guess
success isn't for me i guess business
isn't for me i guess sales isn't for me
i guess whatever the thing is isn't for
me because you failed once but it's
because we have we have an incorrect
view of failure because failure is a
necessary part and the thing is you
learn from failure and so it's either
you win or you learn but that is the
fifth thing you want to do if you want
to stay poor forever number six is think
that the world is fair
so a lot of us are get you know
especially me earlier on like i would
complain i'd be like that's not fair
this is fair it shouldn't be this way
blah blah blah blah and the thing is is
that all that complaining that i did did
nothing at all whatsoever did nothing
and so the thing is there's no activity
that comes from blaming your
circumstances which just so happens to
be the seventh one of how to stay poor
is blame your circumstances and complain
all right complaining about things that
you cannot control and the thing is is
like these sound so obvious but think
about these in reverse again so if the
if the contrary of thinking the world is
fair is assume the world is fair it's
unfair excuse me assume the world is
unfair and then act accordingly instead
of blaming your circumstances you think
your circumstances for who you are and
what they gave you you are who you are
because of the [ __ ] that you have gone
through right there's a there's a saying
your mess is your message and i think
it's a very it's a very beautiful saying
because how sad would it be to wish to
have a life of ease and comfort because
strong character is built through hard
times and so if we want to have strong
character
we basically must have a hard life for
periods of time or for seasons and so we
can't lament the thing that creates the
outcome you can't lament the heat and
and that the beating of the hammer to to
strengthen the steel right they go one
in this they go hand in hand and so we
just have to accept them for what they
are and and as for complaining i think
you can just accept and move on so
number nine i covered three there number
nine expect the government to save you
all right that's a great way to stay
poor expect the government to save you
or even say expect other people to save
you the reality is no one's going to
save you except for you and a lot of
times many people have spent their
entire lives waiting around for someone
to save them and still stay poor number
10 value the opinion of others over your
own it's an excellent way to stay poor
you think everyone else's opinions
matter more than yours and i'll give you
a secret that it took me you know making
a lot of money to then realize which is
you are successful the moment you say
you are crazy right like you are
successful the moment that you decide
you are successful there are people who
are billionaires who don't feel like
they are successful and there are people
who have almost no money and absolutely
think that they're an amazing success
and the thing is is that they are both
right it's our choice and i can promise
you that if you try and give yourself a
number you will just move the goal post
i promise you that from the depth of my
soul you will move the number and make
something else the new goal and once
that once i am rich then whatever but
it's a when then fallacy it doesn't it's
not true so you can accept and you can
become successful today because if you
look at yourself compared to people in a
much worse off scenario they would love
to have your life and so you just need
to decide for yourself if you are
successful the thing is that success is
a process rather than an outcome and so
you can be successful in that you are
living your values of pursuit that can
mean success if you choose to define
that way so number 11 way to stay poor
avoid discomfort all right a lot of us
you know we have new things you have to
take risks you have to learn things and
it's uncomfortable because you will suck
right of course you will suck it's
normal to suck but people avoid
discomfort because they don't want to go
through that and it's so silly the
discomfort that they're feeling is the
judgment they impose upon themselves
about not being good at something
they've never done before how insane is
that very and that's why humans are also
kind of insane when you think about the
things that we do the things that we
think and so great way to stay poor is
to avoid discomfort of all kinds you
also guarantee the number one discomfort
which is that you don't accomplish what
you want in your life 12 how to stay
poor tolerate mediocrity from yourself
and others alright so as you start to
grow if you're growing you know a small
business or even in the workplace if you
tolerate mediocrity from others you will
get more mediocrity and people over time
will just degrade and get worse and
worse over time rather than the reverse
of that of thinking like i will only
tolerate excellence and anything below
that is intolerable if you think about
the best leaders and the best ceos the
most successful people of all time they
have this innate trait right for lack of
voter trump they're ball busters right
they hold a standard that and here's the
catch that they themselves stay above
which means you must raise your own
standards so that you can model what it
looks like for other people around you
to hold themselves right the best like
most people don't need to be led most
people need a model and they can see
that right and you're you're leading by
example and so best thing to do to stay
poor tolerate mediocrity from yourself
and others 13. how to stay poor make
promises break promises
so you make promises to yourself and
make promises to other people and you
both you destroy your reputation with
other people and that's a terrible thing
and it takes a long time to fix that but
the one that's the hardest one to fix is
the reputation you have with yourself
you make promises to yourself and you
break promises to yourself because the
thing is you're the only one who's
holding you accountable and i think a
different version of happiness in my
opinion is respect for oneself and i
think your own respect is the hardest to
earn because you know how hard you could
have pushed you know if you could have
gone for an extra mile you could have
showed up to the gym more times you
could have eaten better you could have
made more cold calls you could have done
more reach outs you could have made more
content you could have actually done a l
left a nice note for somebody on your
team when you when you were too tired to
do so you could have over delivered on
the product you could have made a better
version of that video and you decided to
put it up anyways even though you knew
it wasn't as good as it could have been
and so you make promises to yourself and
then you break promises yourself and you
lose respect in the process so it's an
excellent way to stay poor number 14
wait for perfect conditions all right
this is a great one great way to stay
poor is uh it's one of my favorites you
gotta wait for everything to be
perfectly aligned for you to be
successful and here's the secret there
are never gonna be perfect conditions
and here's what's even crazier if you
need perfect conditions to be successful
the moment the conditions change you
will stop being successful so you might
as well start when the conditions are
their absolute worst because it means
that they will only get better from
there and if you can prove success when
things get bad when they get bad again
which is guaranteed you will still
remain successful because you have
learned how to do it in this time in
this circumstance make sense great
reason do not wait for perfect
conditions
15. prioritize looking rich over being
rich this is a classic one of poor folks
in general i get the the loving amount
of troll comments that i get from the
fact that i'm in my mama's basement and
wearing a wife beater and wearing a nose
strip right must mean that i am poor of
course right because you confuse looking
rich with being rich right just silly
you can just google my name and just put
private equity and uh jim launch an
american pacific group and you can see
what we sold to our businesses for so
the point is
you have to prioritize being rich which
means spending less for a long period of
time because you were not valuing the
opinion of other people over your own
which because you respect your own
approval more than that of other people
you have to be willing to die to the
opinion of others rather than dying to
the opinion of yourself and i mean that
it's real [ __ ] stop trying to look rich
be willing to look poor all right i know
that's contrary to like dress the part
and all that stuff but like the thing is
is like you've got to be real to you or
you'll be real to no one that's a
promise number 16 avoid working on what
matters most all right this is a great
way to stay poor is that you work all
day long you're busy you're full of
activity you're doing stuff and nothing
important moves forward because the
nature of speed is not about activity
the people who are the richest in the
world aren't doing the most stuff
they're doing the right stuff right
they're making sure better stated making
sure the right stuff gets done in
general whether or not it's them or
someone else and so it's looking at the
many things that you can or could do and
picking the very few that are the ones
that move the needle the most and
typically they are the ones that you do
not want to do and you are
procrastinating on and you can probably
eliminate all the stuff that you that
give you the mental masturbation of
getting stuff done without actually
moving the ball forward towards your
goals so it's a great way to stay poor
it's just keep doing stuff that does not
matter 17. say you're going to do
something and then don't do it this is
just like making and breaking promises
to others himself but this one is
actually just like that so take that
18. this is a really good one great way
to stay poor is do what everyone else is
doing right because if you're doing what
everyone else is doing most people are
not in the one percent if you want to be
in the one percent you can't do what 99
of people are doing which is hard for
people which is why you can't value
their opinions because again talking to
poor people about how to get rich is a
great way to stay poor right they have
no idea and so you can't look for their
approval on what you are doing or model
what everyone else is doing because
everyone else is poor why model them
right think about it number 19 do your
best not what it takes because the
reality is a lot of times your best may
suck and what is required is what is
required and that may be beyond you
which means you must become better so
that your best is beyond what is
required because the number of people
who say well i tried my best universe
doesn't give a [ __ ] the marketplace
doesn't give a [ __ ] your boss doesn't
give a [ __ ] what they care about is what
is required and so what you have to do
is figure out what is required and then
if you are incapable of doing it be
better and do it for long enough that
would be unreasonable for you not to be
good and then your best will surpass
what is required and you will become
better in the process but if you don't
do that it's an excellent way to stay
poor is just keep doing your best and
giving yourself paddling back and say i
tried 20. talk more do less post about
your goals post about your affirmations
spend all day doing routines and stuff
of getting prepared to work and actually
do very little all right it's a great
way this is one of the favorite ones
especially in the internet community
people love talking about how much
they're working rather than actually
getting [ __ ] done so i would advise you
to rather than spend all this time
preparing to work and creating
superstitions and routines around the
things that you think you should do in
order to maybe potentially get something
done start with doing because sometimes
the doing just needs done all right
21 start something new today start
something new tomorrow repeat great way
to stay poor do stuff try something try
something else try something else try
something else always
leave half-built bridges right you never
complete anything you start just keep
starting new things because it's
exciting and it's new and you have what
is called uninformed optimism because as
soon as you jump into the new thing you
realize that it will take work and the
things that were awesome about it also
have downsides which is the work that is
required to be good and as soon as you
realize that is work you go through the
change cycle you go uninformed optimism
to informed pessimism and then you go
through the value of despair and this is
where everyone then jumps to the next
opportunity and they just do this
forever and they just never achieve what
they want so it's an excellent way to
stay busy and poor all right just keep
trying new stuff and never see anything
through okay number 22 believe what
other people think about you more than
what you think about you all right it's
a great way to stay poor i think it's
just it's it's easily stated there so
i'm not going to belabor the point but
that's what you need to do to stay poor
just keep believing what everyone else
thinks about you and not what you think
about you excellent way to do it number
23 way to stay poor make a mistake then
wait repeat the mistake do it again and
again and again and you've probably seen
people who stay stuck in their life like
this like they keep dating the same
person they keep making the same
business mistake they keep getting the
same bad partnerships whatever right or
they keep trying to do something that
stopped working and they keep doing it
over and over again because they think
that for some reason that's going to
work somehow or they just don't have the
wherewithal to realize they keep making
the same mistake and so if you keep
doing the same stuff you're going to
keep getting the same outcomes right
like we kind of know this but the thing
is is that people still do it it's like
well whatever you're doing right now has
gotten you to being poor so don't do
that right and when i say poor poor can
be whatever you want to be you could be
a billionaire and be poor it might be
whatever whatever that amount is it's
not as much as you want it to be right
which of course gets into the deep
things of like maybe you should decide
not to want it to begin with and then
whatever we won't get into that number
24 be replaceable all right this is a
great way to stay poor because if and i
heard this from navarro i kind of like
it a lot which is if you can if you can
get a degree to do the job you're never
going to be unwealthy doing it because
everyone can do it right and so you have
to be able to learn things that other
people can't do right and that therein
makes you irreplaceable or less
replaceable right at the very least less
replaceable you want to be replaceable
by a marketplace of people lined up
behind you ready to take your job and do
it for less all right because they're
also poor and they are willing to do it
for life which is a terrible way to do
business it's also an excellent way to
stay poor though do what everyone else
is doing do it for less unless you have
an operational strategy which is you
know like walmart and whatever and
that's probably not you right now so
number 25 way to stay poor find
something that works dear god find
something that works and then stop doing
it
think about it
how many of you have needed to make
money last minute you had to pay payroll
you had to pay taxes you had to some
bill unexpected you know surgery iphone
whatever right some bill comes up and
you need to pay for it and you find a
way to make the money because if you're
watching this video you're still alive
right so you found a way to you found a
way to pay for it what did you do there
when you needed to make money you heard
something messed up
you were willing to make money and you
had the ability to make money when it
was for someone else and not for
yourself
think about that
you had the ability you knew what to do
and you just chose not to do it you
stopped doing it as soon as you paid
someone else's bills because you were
willing to pay other people's bills
tonight your own interesting which leads
me to one of the most retweets i had
recently which is most people know what
to do to achieve their goals most people
do know what to do people like i don't
know how to lose weight i'm like yeah
you do stop eating [ __ ] and move you
know how to you know how to do that you
want to make money start making calls
start reaching out to people start
promoting the thing that you are trying
to sell
not i mean not complicated i got this
thing do you want to try it no cool talk
to somebody else got this thing you want
to try it no cool call somebody else
right it's not it's not complex it's not
complicated but people just don't do it
it's because they're not willing to do
it right and so
excellent thing to do find something
that works so a lot of you do know
something that works and then stop doing
it number 26 we're rounding off we got
two more
hire dumb people excellent way to stay
poor and have a bad business all right
really really highly recommend it it's
also really good for if you have a job
too if you have the ability to hire
people hire dumb people it's just it's
just a great way to make your life
miserable there's very few ways that are
better than this one like if you just
want to be surrounded by dumb people
just hire people i mean just hire people
don't want you you know i mean and um
you'll you'll feel good but you'll be
poor and so
don't do that
number 27 this is a huge one that i see
all the time for staying poor and it's a
really good strategy it might be one of
the top ones on this list assume you are
always right how many people here right
you're watching this know someone who
always just think they're right and
they're not successful they get advice
from somebody who might be successful
more successful than them and they're
like no that's not going to work for x y
and z because they assume they're always
right they assume they know everything
well if you know everything then why
aren't you achieving what you want hmm
and i will tell you this from the people
that i've met who have been far ahead of
me they have a voracious desire to learn
and a voracious interest in learning
from anyone and every single possible
source they can and those people have
the humility to say that everyone knows
something that they don't know and so in
that way they can learn of them which is
i think an emerson quote
if you cannot learn
then what's the point so you you give
yourself zero advantages like there's no
way that you can learn from other people
if you think you're always right and i
know this sounds [ __ ] obvious but a
lot of you guys do this
why like you'd rather be right than be
rich and it's silly but it's an
excellent way to stay poor so that's why
it's number 27. and then the last one
and this is the simplest of the
economics around it i'm just gonna drive
this baby home is
make money period spend more than you
make and the beautiful part about this
is that it doesn't matter how much you
make if you spend more than it you can
be poor which is why this is such a
great one it's a great way to stay
porous doesn't matter how much you
increase your income just spend more
than you made right go into debt and
adjust your lifestyle to your new income
at all times or rather above your income
so that you can always stay poor no
matter how much money you make it's just
an awesome way to stay poor and so i
highly recommend doing that all right um
just and honestly the more you can do it
the the more you can outspend your
income the poorer you will be and so
again highly recommend it and it sounds
silly but you know a few people like
right now i think it's like the bottom
50 of america like doesn't have any
savings and what's crazy is that like
you can you can control like these these
things are controllable like you can
always downgrade your lifestyle but the
thing is you care more about the
opinions of others than you do about
your own right you care more about
looking rich than being rich right all
these things and that's why all of these
things go together and so to wrap this
up the reason that inversion thinking is
so powerful is that we can use our
brains to find threats more easily than
we can find solutions and so if we think
about your business career or you think
about your marriage or you think about
your body or you think about whatever it
is your money goals think about the ways
to destroy it i just gave you 28
different ways that you can be poor when
you reverse them and you make those the
rules for living that you have
then what happens is you succeed by
accident because you avoid the pitfalls
because the thing is if you don't make
many mistakes you succeed without trying
because all you're doing is just
focusing on just not making these stupid
mistakes that most people do right if we
if we were to reverse these and this is
what i'm going to hit this with hard
enjoy we're hitting it right now start
today read books do the stuff that's in
the books take advice from rich people
on how to be rich pick a spouse who
makes you feel awesome about working
fail once try again think the world is
unfair and act accordingly never blame
your circumstances thank your
circumstances for making you who you are
instead of complaining do something
expect no one to save you except for
yourself
value your opinion over those of other
people seek out discomfort tolerate
nothing but excellence make promises
keep promises wait for the worst
conditions wait for imperfect conditions
and act anyways on what you want right
avoid working on the stuff that doesn't
matter work on the things that matter
most ignore the rest say you're going to
do something and then do it do what no
one else is doing
do your best and make it above what it
takes to be successful talk less do more
start something new today and keep at it
until you are good do it so long that it
would be unreasonable for you to be bad
don't believe what other people think
about you more than what you think about
yourself be irreplaceable find something
that works and don't stop doing it keep
doing it until you're bored out of your
mind because you're so good at doing
that thing that worked hire smart people
assume that you were always wrong and be
willing to learn and make money and
spend less than you make and that is the
28 rules of poverty flipped on its head
and you can make your own conclusions
about where that'll take you i love you
mostly nation keep being awesome i'll
see you guys next video bye
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