How to ACTUALLY Build Wealth in 2024

Summary

This video introduces a paradigm shift in wealth accumulation, emphasizing the concept of 'levered wealth' over personal bank balance growth. The speaker shares his journey from 5K to 5 million, advocating for leveraging influence and systems to access others' money for exponential growth. He contrasts personal wealth's linear growth with the exponential potential of leveraged wealth, highlighting the importance of building a personal brand, creating valuable content, and developing a network for resilience and anti-fragility in financial endeavors.

Takeaways

• 💡 The speaker emphasizes that building personal wealth is not the only path to becoming rich; leveraging other people's money can be a more effective approach.
• 🚀 The concept of 'levered wealth' is introduced, which is the ability to influence or command money from other people's bank accounts, rather than just accumulating one's own.
• 💼 The speaker contrasts personal wealth with levered wealth, highlighting that the latter can be a more scalable and faster way to accumulate wealth.
• 🤔 The importance of having the ability to generate income quickly from various sources is stressed, as opposed to relying solely on a personal bank balance.
• 🔑 The video suggests that building a personal brand, reputation, and influence can provide a level of anti-fragility, allowing one to bounce back from financial setbacks.
• 🏆 Examples are given, such as a gold digger or Jeff Bezos's ex-wife, to illustrate how individuals have amassed wealth through leveraging other people's money.
• 💼 The speaker argues that business is fundamentally about leveraging influence and control over other people's money, rather than the product or service itself.
• 💡 The video points out that focusing on personal wealth growth can be limiting, as it often comes from a single source and does not scale well.
• 🌐 The power of digital content and social media is highlighted as a tool to scale influence exponentially, which can lead to significant levered wealth.
• 🛑 The speaker warns against the vulnerability of relying solely on personal wealth, suggesting that it can be lost and is harder to recover from compared to levered wealth.
• 🛠️ The conclusion encourages viewers to focus on acquiring leverage over other people's money, building a personal brand, creating valuable content, and developing skills and networks that provide opportunities.

Q & A

What is the main concept discussed in the video?

The main concept discussed in the video is the idea of 'levered wealth' versus 'personal wealth'. The speaker argues that building leverage over other people's money can lead to wealth faster than simply trying to grow one's personal bank balance.

How does the speaker claim to have increased their net worth?

The speaker claims to have increased their net worth from 5K to over 5 million USD in 3 years by focusing on crypto and online businesses, emphasizing the use of leveraged wealth strategies.

What is the difference between 'personal wealth' and 'levered wealth' according to the video?

Personal wealth refers to the money one has in their own bank account, while levered wealth is the ability to influence or command money from other people's bank accounts, often through business, brand influence, or personal reputation.

Why does the speaker suggest that focusing on personal bank balance growth is not the best approach to wealth accumulation?

The speaker suggests that focusing on personal bank balance growth lacks the leverage that comes with influencing other people's money. Levered wealth allows for more significant and faster results due to its potential for scalability and influence.

What example does the speaker give to illustrate the concept of 'levered wealth'?

The speaker gives the example of a gold digger who, despite having little personal wealth, can live a luxurious lifestyle by leveraging the wealth of those they associate with, such as millionaires and billionaires.

How does the speaker define 'anti-fragility' in the context of wealth?

In the context of wealth, 'anti-fragility' is defined as the ability to bounce back from financial setbacks quickly and easily, often due to the leverage and influence one has over other people's money, rather than relying solely on personal wealth.

What is the significance of building a personal brand and reputation according to the video?

Building a personal brand and reputation is significant because it allows an individual to have influence and leverage over other people's money. This can lead to opportunities for business, investment, and sales, which can scale wealth exponentially.

Why is influence and leverage considered more valuable than the actual product or service in a business transaction?

Influence and leverage are considered more valuable because they represent the ability to convince people to part with their money. The product or service is a means to an end, but the real value lies in the power to attract and retain customers' financial support.

What is the role of content creation in building 'levered wealth'?

Content creation plays a crucial role in building 'levered wealth' as it allows individuals to scale their influence exponentially. By creating valuable content, one can attract a large audience, which in turn can lead to increased sales, business opportunities, and overall wealth.

How does the speaker suggest one can recover from a total financial loss?

The speaker suggests that one can recover from a total financial loss by leveraging their skills, network, personal brand, and influence. These intangible assets can be used to attract investment, start new businesses, or find high-paying jobs, allowing for a quick recovery.

What is the key takeaway for viewers who have been solely focused on growing their personal wealth?

The key takeaway is that they should consider shifting their focus to acquiring leverage over other people's money by building a personal brand, creating valuable content, and developing systems and skills that can scale their influence and income potential.

Outlines

00:00

💡 Leveraged Wealth vs. Personal Wealth

The speaker introduces a new concept of wealth accumulation, contrasting personal wealth with leveraged wealth. They share their personal journey from having a small personal bank balance to achieving significant net worth through crypto and online business. The main point is that traditional personal wealth building is not the only or most effective way to get rich. Instead, leveraging other people's money through influence and business acumen can lead to faster and more substantial financial success. The speaker emphasizes the importance of mindset and approach in wealth creation, suggesting that leveraging wealth can provide a level of anti-fragility and rapid recovery even in the face of financial setbacks.

05:00

🚀 The Power of Influence and Leverage in Wealth Building

This paragraph delves deeper into the concept of leveraged wealth, using examples like gold diggers and Jeff Bezos's ex-wife to illustrate how individuals can accumulate wealth without personal funds, but through the influence over others' money. The speaker argues that building personal wealth is limited by the number of working hours and the scalability of income, whereas leveraged wealth can grow exponentially through influence and business. They stress that business is fundamentally about leveraging one's brand or personal influence to convince others to part with their money, and that this is a more potent strategy for wealth creation than focusing solely on personal savings and investments.

10:01

🔄 Transitioning from Personal to Leveraged Wealth

The speaker discusses the transition point from focusing on personal wealth to leveraged wealth, suggesting that individuals with less than a certain net worth should prioritize building influence and leverage. They use the analogy of a sliding scale of wealth to emphasize that having a small personal bank balance is akin to being financially vulnerable. The paragraph also touches on the idea that once a certain wealth threshold is reached, the focus can shift back to growing personal wealth, as the leveraged wealth has already provided a substantial safety net. The importance of recognizing and seizing opportunities to scale wealth through leverage is highlighted.

15:03

🛡 Achieving Antifragility Through Leveraged Wealth

In this paragraph, the speaker explores the concept of antifragility in the context of wealth, using personal anecdotes and examples such as the story of BitBoy Crypto to demonstrate how leveraged wealth can provide a safety net against financial ruin. They argue that while personal wealth can be lost, the skills, network, and influence that constitute leveraged wealth are enduring and can facilitate a rapid recovery from financial setbacks. The speaker emphasizes that true antifragility comes from having abundant opportunities and the ability to bounce back from zero, which is more easily achievable when one has built significant leverage and influence.

🌟 Harnessing the Potential of Leveraged Wealth

The final paragraph summarizes the key points of the video, urging viewers to reconsider their approach to wealth accumulation. The speaker highlights the importance of building a personal brand, creating valuable content, hiring to scale operations, and developing systems and skills that can generate income at scale. They stress that leveraging other people's money through influence and business systems is the key to achieving significant wealth and that focusing on personal wealth alone can limit growth potential. The speaker concludes by encouraging viewers to explore opportunities for leveraged wealth and to shift their focus from linear growth to exponential wealth creation.

Keywords

💡Leverage

Leverage, in the context of the video, refers to the ability to influence or control resources or money that one does not personally own. It's a key concept because the video emphasizes that building leverage over other people's money is a more effective way to wealth than focusing solely on personal wealth accumulation. An example from the script is the idea that if one can command money from others through influence or a compelling offer, they effectively have access to wealth without needing it in their own bank account.

💡Personal Bank Balance

Personal bank balance is the amount of money an individual has in their personal accounts. The video suggests that focusing on increasing this balance is not the optimal path to wealth. Instead, it argues for the importance of leveraging other people's money. The script contrasts personal wealth with leveraged wealth, illustrating that having a large personal bank balance does not necessarily equate to financial success or the ability to quickly recover from financial setbacks.

💡Net Worth

Net worth is the total value of an individual's or company's assets minus liabilities. The video uses the creator's personal journey from a small personal bank balance to a significant net worth to illustrate the power of leveraged wealth. It shows that net worth can be increased not just through personal savings but also through the ability to leverage other people's money or assets.

💡Influence

Influence, as discussed in the video, is the capacity to have an effect on the character, development, or behavior of someone or something. In terms of wealth creation, it is the power to affect people's decisions, particularly their spending habits. The video argues that having influence over a large audience can translate into significant wealth through leveraging that audience's purchasing power.

💡Online Business

Online business refers to a commercial activity conducted over the internet. The video mentions online business as a means to wealth that is distinct from cryptocurrency investments. It suggests that building an online business can provide a platform for leveraging other people's money through sales and marketing efforts.

💡Crypto

Crypto, short for cryptocurrency, is a digital or virtual currency that uses cryptography for security. The video distinguishes between making money through crypto investments, which is speculative, and building wealth through leveraged means such as online business. It positions crypto as a separate category from the leveraged wealth strategy it advocates.

💡Wealth

Wealth in the video is not just the accumulation of personal assets but also the ability to generate income or access resources through leverage. The script explains that true wealth can be achieved by having control or influence over other people's money, which can be more effective than focusing on personal wealth alone.

💡Antifragility

Antifragility is the ability to benefit from or thrive and grow stronger through shocks, stresses, and challenges. The video uses this term to describe the resilience one can achieve by focusing on leveraged wealth. It suggests that having a strong network, personal brand, and influence provides a safety net that can't be taken away, unlike physical assets or money in a bank.

💡Lever Wealth

Lever wealth, a term coined in the video, refers to wealth that is generated through the leverage of other people's money or resources. The script explains that focusing on lever wealth can lead to faster and more significant financial gains compared to the slow and linear growth associated with personal wealth accumulation.

💡Personal Wealth Growth

Personal wealth growth is the increase in an individual's assets or net worth. The video contrasts this with leveraged wealth, suggesting that personal wealth growth is limited by the individual's own resources and time, whereas leveraged wealth can scale exponentially through influence and smart business strategies.

💡Content Creation

Content creation is the process of making and sharing original digital media such as videos, blogs, podcasts, etc. The video highlights content creation as a powerful tool for scaling influence and, by extension, leveraged wealth. By creating valuable content, one can attract an audience and potentially convert that audience into customers or supporters, thereby leveraging their attention into financial gain.

Highlights

The speaker introduces a new concept of wealth accumulation that contrasts personal savings with leveraging other people's money for wealth creation.

The concept is claimed to be rarely discussed online, yet it has been instrumental in the speaker's journey from a $5K net worth to over $5 million.

The video focuses on online business strategies for wealth creation outside of cryptocurrency investments.

A shift in mindset is proposed, suggesting that increasing personal bank balance is not the optimal path to wealth.

The speaker emphasizes the importance of leveraging other people's money as a superior method for wealth creation.

The difference between personal wealth and leveraged wealth is explained, with examples of how leveraged wealth can be utilized.

The ability to command money from thin air is presented as a key advantage of having leveraged wealth.

Personal anecdotes are shared to illustrate the ease of rebuilding wealth with leveraged wealth, even after a complete loss.

The speaker argues that business is fundamentally about convincing people to give you their money through value exchange.

Influence and leverage over others' bank accounts are identified as the core assets in business valuations.

The video discusses the challenges of selling a personal brand due to the difficulty of transferring personal influence.

A comparison is made between growing personal wealth and leveraging wealth, highlighting the scalability and speed of the latter.

The concept of 'lever wealth maxing' is introduced as a strategy for rapid wealth accumulation through influence and leverage.

Examples are given, such as a gold digger or Jeff Bezos' ex-wife, to illustrate the power of leveraged wealth.

The speaker warns against the vulnerability of relying solely on personal wealth and the lack of anti-fragility it provides.

The importance of building a personal brand, influence, and systems for long-term wealth creation is emphasized.

The video concludes by urging viewers to consider the benefits of leveraged wealth over personal wealth accumulation.

Transcripts

I want to talk to you guys in this video

about A New Concept that I came up with

yesterday and what you're going to find

is that no one online talks about this

but this lesson allowed me to go from

having 5K to my name 3 years ago to

having over5 million us do net worth

from crypto and online business but this

video today specifically is a video

about the online business space it's

about making money outside of crypto so

if you're just a crypto dude who just

wants to make money on shitcoins this

video is not for you this is for people

who are more serious about wealth and

want to make it from ways other than

just market-based speculation who maybe

want to build a business and they

haven't been able to so far someone who

maybe wants to take the right career

path but basically just getting Rich As

outside of crypto is what this

video is going to be about and the

lessons that I've leared from the money

that I've made in this side of the world

so what you've probably done for most of

your life is you have tried to make your

own money you've tried to increase the

size of your personal bank balance and

up until now you probably thought that

was a good idea the key to getting rich

is to build your personal bank balance

what I'm going to tell you in this video

is that that's actually the wrong way to

do things it's the wrong mindset and if

you adjust the mindset and the approach

of what I'm going to teach you in this

video it's going to allow you to get

results similar to what I have been able

to get myself because you're going to be

able to approach money from a way which

has significantly more leverage and

which allows you to get significantly

faster results because you're focusing

on the correct things there's two

different ways that you can have money

you can have your own money or you can

have a leverage over somebody else's

money and they're basically the same

thing if you have $0 in your bank

account but tomorrow you can launch a

product or an offer and make a million

dollars from other people's money what's

the difference you're still a

millionaire even if you have Zer because

tomorrow you can command money out of

Fit air ask yourself a question if you

had to pull together $10,000 tomorrow

either from borrowing money from

launching a product from making money

from something could you do it the

answer for most people is no because

what they have is they have a bunch of

personal money but they have zero

levered wealth if I had to pull together

a million dollars tomorrow it would be

very easy and I could do it with a click

of thinger because I've built such

leverage with my own personal brand and

my personal situation with report that

I've buil the reputation that I have the

attention that I have online that it

would be very easy to do so what this

creates for me is a level of anti

fragility with my own personal situation

obviously this wouldn't happen but if

0.01% chance scenario happens where I

lose everything I can be back at a

million dollars in a few months easily

because I've built leverage and I have

an audience and I have what's called

lever wealth I have influence over other

people's money and I don't say it in a

way of stealing money of like robbing

people but I mean it in a way of that

business at the end of the day is not

about making money it's about convincing

people to give you their money it's

going up to someone and saying I have

this you have money I want to swap it

for this value and eventually you swap

enough things you have significant money

and that's what business is business at

the end of the day is just a brand

product or an individual's leverage or

influence over other people's bank

accounts the reason why Apple a company

the reason why Mr Beast the YouTuber can

sell what they have their business their

brand for lots of money is because that

brand has built up influence and

leverage over millions of people's bank

accounts if Mr Beast tomorrow says buy

this millions of people are going to buy

it because he has leverage and influence

over those people's bank accounts and

that's what you buy when you buy a

business you're buying leverage and

influence that's all it is you're not

buying a product you're buying the

leverage and the influence now obviously

if you bought Apple you're obviously

buying the employees the systems but at

the end of the day it's all useless if

you don't have leverage and influence

like I said when a business is sold it's

the transferral of influence you're

buying the easy ability to make money

from other people who already sort of

like what you're doing now this is why

it's actually tricky to sell a personal

brand because if someone likes a person

you can't sell yourself if I want to

sell my business which is me it would be

very difficult because you guys like me

how do you sell me doesn't really work

but if you like apple you can sell Apple

Apple's an entity not a person entities

can be transferred so what I want to

make clear here is that there is two

types of wealth and your whole life you

have been told to build up your personal

bank balance and I doubt many people or

anyone have told you to build up your

levered wealth the influence that you

have over other people's money I doubt

anyone's told you about this and this is

why most people don't make money because

they don't learn the correct approach to

money because the difference between

having your own money and having money

in other people's bank accounts which

you can bring into your own by

presenting the right offer by launch a

new business new product new clothing

it's the same you just have to do a

little bit more work to get it and if

you've never launched a business this

probably doesn't fully make sense to you

but to anyone watching this video as a

business owner I guarantee you 100%

understand what I'm saying you go yep

tomorrow I run a clothing brand I could

launch a new line I could do 20K in

sales tomorrow I understand what

Daniel's saying so it's basically the

same thing your money Leever money same

thing just one extra step to get it I

want to give you an example of a unique

case of someone who would be using lever

wealth to get significantly wealthy a

gold digger these girls don't have any

money when you see the girl in Dubai and

she's on the yachts and she's

wearing all the designer and all this

she will have

$57.50 in her bank account she'll be in

Dubai and a Lamborghini and the reason

she can pull this off is because she is

using other people's money to be able to

live a lifestyle she has nothing in her

personal bank balance but she has

levered wealth in the form of

millionaires multi-millionaires and

billionaires that she Associates with

that spend money on her so she can live

the life that she wants without having

any money because she focuses on

Building levered Wealth now obviously

I'm not saying you should become a gold

digger but I'm showing you an example of

how an individual who isn't even

probably that smart just sexy can make a

lot of money or essentially have a lot

of money and live the lifestyle they

want through other people's wealth by

taking other people's money another

example a better one would be Jeff bez's

wife she didn't have money before she

met him as far as I'm aware now she's

worth $34 billion I mean whatever money

she had before she met him is nothing

like what she has now she took half of

Jeff bezos's money she had levered

wealth because it was wealth that was in

Jeff bezos's bank account and if she's

married she technically ears 50% of it

so all she has to do is get a divorce

and that money is now hers I'm not

saying saying that it's ethical or that

she was planning for this but it's an

example of how an individual became

worth $34 billion through having someone

else's money come into their personal

balance it's funny because it's just

showing you the difference between

focusing on building personal wealth and

building lever wealth now I'm not trying

to say that you shouldn't try to grow

the money that you have in your bank

account I'm not saying you shouldn't

take 100 Grand and put it in the crypto

and try to grow it but what I'm trying

to open your eyes to is that there's

more ways to make money than what you

probably think and that no one has

probably told you this before and that's

why it would be insightful for you okay

so let's talk about a comparison of

maxing out your personal wealth and

maxing out your lever wealth and how

that looks so if you max out your

personal wealth growth your wealth

generally comes from One Source you've

got a boss you got a 9 to-5 job if

you're growing your personal bank

balance and that's what you're focused

on you generally just have this one

income Source now if you have one income

Source you can't scale your income

because generally your hours work is

tied to the money that you make if I

work at McDonald's I can't work at

McDonald's Hungry Jacks and KFC because

I can only be in one place at the same

time I only have 10 hours in a day that

I can work so you can't scale your

income if all you're trying to do is

just get money into your bank account

then it's hard to scale your income the

difference between personal wealth

maxing and lever wealth maxing is that

in your personal bank account you can

only grow it so quickly but if you're

focused on growing the wealth you have

that is from other people's bank

accounts you're able to grow it

significantly faster through leverage

and influence and also if you're trying

to grow your personal bank ballot let's

say you have 50k in the bank and your

path to wealth is becoming a millionaire

from markets but you literally have 6

months of crypto experience you're

trying to go and become wealthy from

making money in the markets when you

don't even know how to invest

you know it takes like 2 three four

years for 95% of crypto guys to start

making money and a lot of people come in

with 6 months of experience and they

think that oh yeah I'm just going to

focus on growing my personal wealth I

have very little crypto experience so

I'm just going to pull it off probably

not so that's the problems with focusing

too hard on personal wealth now let's

say you're now Jeff bez's wife you got

$34 billion she never has to look at

lever wealth again she can just focus on

growing her personal wealth till the day

she dies and she will be fine but

there's a line where you cross there's a

certain amount of money that you

personally accumulate where working for

more money in levered well form doesn't

make sense where just growing your own

personal pot is actually the highest Roi

weight if you got $100 million just grow

that you don't need a job you don't need

a business just grow your 100 Mil that's

fine if you've got $50,000 in your bank

account personal wealth is the last

thing you should be worried

about you should be worried about maxing

your lever wealth in the grin scheme of

wealth you have 50k you are very close

to the guy that's homeless if you're

comparing it to all the different

spectrums of wealth if you were to put a

sliding scale of wealth this is homeless

and this is billionaire and you've got

50k you're one step from homeless it's

probably about here that you can shift

from being a lever wealth guy to a

personal wealth guy because for example

let's talk about lever wealth maxing and

what that involves if I am focused on

the growing of wealth through my ability

to have other people send me money so if

I get enough influence I can technically

influence millions of people to want to

give me their money let's say I launch a

clothing brand and I post a bunch of

videos of these cloes and enough people

see these cloes on their Tik Tok and

Instagram millions of people will

eventually want to buy my clothes so all

I need to do is sell them a shirt

millions of people buy it I've now done

a swap I now have that money obviously

it's easier said like that than it is

actually done in reality but that's how

this works most people who've made all

the wealth in all of human history did

it through levered wealth it wasn't from

personal wealth it was from levered

wealth that's how you get your first 10

m from levered wealth it's how most

people made their money and income can

scale infinitely depending on how much

leverage you can build right so for me

like the businesses that I run or the

businesses that any person runs the more

attention they can get the more

customers they can get influence can

scale exponentially as well because you

can go viral online if you create

Sensational viral content influence is

exponential now you're not CT by the

hours that you work in a day so for

example if I put out a YouTube video or

if Iman godi puts out YouTube video and

you get thousands or hundreds of

thousands of views what you are

basically doing is with each piece of

content which gives value to the viewer

you are one step closer to owning a

higher percentage of a potentially

infinite sum of other people's bank

accounts let's read that again because

that's probably the most important

sentence of this whole thing each piece

of content that you create which gives

value to obviously another person brings

you one step closer to earning a higher

percentage of a potentially infinite sum

of other people's bank accounts this

video here as a random example 7,000

people watch watched it and they are now

all more likely to want to get involved

with stuff that I'm doing whether they

want to join my course or whether they

want to learn how to invest with me it

just brings people one step closer to

wanting to get involved in my circle of

influence and that's the power of

focusing on lever wealth if I try to

grow the 50k in my bank it's linear

growth it's only the 50k that's growing

when I post content online or anyone

posts content online I'm growing the

bake balance of a thousand different

50ks because each video gets me a step

closer to getting that money when you

focus on building leveraged wealth which

is basically just acquiring influence

over other people's money at scale you

can lose literally everything and be

totally fine as all you need to do is to

take money from other bank accounts you

have influence over so let's say

tomorrow I lost everything my Banks got

shut down lost my ledger got hacked

everything's gone I can get back to

having a lot of money very quickly

because I have skill sets I have the

ability to make people money make myself

money I have skill sets in terms of

maybe I can work in someone else's

business maybe someone gives me equity

in a company I'm very good at sales so

maybe I go work in a company doing sales

there is no such thing as being on the

bottom or being stuck or being poor in

my situation because I have so much

levered wealth that it's just literally

impossible you can get robbed of all

your personal wealth but no one's taking

your levered wealth it's impossible it

can't be taken the influence that you

have the skills that you have the

network that you have cannot be taken

from you and that is the true form of

antifragility are you antifragile is

there something that can't be taken away

from you can you survive a total nuke

wipe out of everything going away from

an anti fragility sense focusing on

levered wealth gives you personal power

over your situation that you can survive

anything imagine you're a millionaire

but you made a million dollars because

you bought a mortgage 30 years ago and

your house appreciated at 10% a year and

you have 80% of your net worth in a

house that's a liquid that you lose 10%

on when you even go to sell it and you

only have 20K in the bank but you're a

millionaire if you lost everything you'd

be because how did you make all

your money well it's personal wealth how

much lever wealth do you have well you

worked a 9 to5 and you could get another

9 to5 and you could make 6 ,000 a year

again and you could slowly get back to

where you are in 40 years from now oops

but you're dead in 40 years oh well

that's a shame so when you focus too

much on the personal side when you're

poor it you over because you have

no leverage you lose everything you're

back at square one there's nothing on

the back end that can bring you back

let's give you an example of someone who

has levered wealth who even though

everything was taken away from him

bounced back like it was nothing so for

example bitboy he had his own YouTube

channel one of the biggest crypto

YouTube channels but he partnered up

with guy a couple years ago and they

launched the YouTube channel but that

guy owned the business which was the

YouTube channel and one day bit boy did

a bit of cocaine went a little crazy and

then the guy who ran the business said

hey Bit boy you're just a fat druggie we

don't want you on the channel anymore

goodbye he lost his own YouTube channel

that was branded in his name he lost his

entire income Source but you know what

all he had to do was create a new

YouTube channel look bit boy in a few

months he's already back at 100K

subscribers he lost his income Source he

lost his business he's fluence and it's

back again because people recognize his

name he has influence that cannot be

taken away from him he still had the

influence over other people's bank

accounts and that allowed him to bounce

back from zero with ease all they had to

do was make stupid videos in a

little recording studio yapping a bunch

of and there's enough idiots

that still like him that will give him

money in some form right he's got stake

as a sponsor a bunch of idiots sign off

a steak do some gambling boom now he's

back back from the bottom most people

are not like bit boy most people lose

their jobs and then their entire income

source is gone just like boy but there's

no leverage they can't get a job back

easily maybe they've got a good little

job thing on their resume but if the job

Market's tough the job Market's tough

and even if you get a job back is it

going to be paying you as much as the

last job and also if you lost your job

you lost your 5K a month so you're

getting another 5K a month so even if

you get a job back you're still at the

bottom bit boy could have been making

100K month and he lost it getting 100K

month back once you've lost it is

actually not that hard for him he's

probably making at least 30 50k a month

from his YouTube channel he's probably

still doing well so you can see here

that losing everything when you focused

on lever wealth versus losing everything

when you focused on personal wealth you

have much more anti fragility when you

focused on the former and you're much

more vulnerable when you focused on the

latter you have a lot less options

because you've built no leverage and

you've built no influence the real

antifragility so many people they try to

protect themselves against recessions

and things going wrong from buying gold

they put a bunch of money in a savings

account they buy some houses they don't

start a business because it's risky

we're in a recession they're focusing on

maxing out the personal wealth where do

they put their personal money they're

really focused on this this is the thing

they're always trying to protect but

they're never focusing on protecting

this or growing this right but this is

what like we just said gives you the

anti fragility to survive whatever the

goes wrong like I said I could lose

everything but because I've got skill

sets Network personal brand influence

can always come back stronger than ever

I could launch a new business and

immediately get customers I could raise

seven figures for an investment fund I

have a bunch of friends who make between

20 to 300K month online from businesses

the main thing they need is sales and

marketing that's what I'm good at so if

I ever needed a job that pay 102k month

boom instantly just call some friends up

done they know what I'm capable of I can

always bounce back from zero so anti

fragility comes from that abundance of

opportunity if goes wrong do you

still have good options available do you

still have backups it's not just from

the protection of the wealth that you

have from the abundance of the

opportunities that you can have access

to if things go wrong so it's sort of

like two sides of the coin I guess you

could say so let's summarize what I've

been saying here in conclusion how can

you utilize this to make money lever

wealth is how majority of whoever got

rich made their wealth most people have

no idea about this and they just focus

on growing their personal wealth most

people they just go to a job they save a

bunch of money and then they invest it

but there's nothing that they do in

regards to leverage and it's the

leverage which is where the money is how

can I work 5 hours a day and someone

else can work 10 hours a day but I can

make 50 times more than them it's

because the way that I make money has

leverage because I have employees

because when I work 5 hours I make a

video that gets 5,000 views which then

converts people at scale to buying from

own business that's focusing on lever

wealth when you focus on personal wealth

things scale linearly it's not the same

personal wealth is like

this Leever wealth is like a

exponential Parabola there is very

minimal difference between my money or

your money and then someone else's money

when you have influence over it it's

just one step from being yours digital

content allows you to scale influence

infinitely to make obscene levered

wealth That's The Power of social media

that hasn't existed ever that's the

power of content you can make a video it

gets a lot of views because thousands of

people are watching it simultaneously

you scaled the influence that you able

to attain and then you can make lever

money the true Andy fragility comes from

the abundance of opportunities not from

the safety of a few and business is

simply the ownership of influence and

leverage of other people's bank accounts

by Central entities it's just leverage

influence and then obviously systems and

teams and whatever else so let's go back

to this end point here if you've watch

this video and you've realized that

you've just been focusing on growing

your bank account then you probably

realized that you've been focusing on

the wrong thing at least at the wrong

time right maybe you need to get a bit

more money together and then you can

focus on this the key for most people

who have less than $10 million who

aren't afraid of building a business and

focusing on activities which give you

Leverage is to focus on acquiring

leverage over other people's money

building a personal brand creating

content that gives value to other people

hiring people to do work to scale your

time Building Systems that automate

things that used to take time for you

building skill sets that people pay you

lots of money for having a network where

there are opportunities available to you

that other people can't get because they

are not connected as well as you build a

reputation where people are willing to

pick you over someone else for a certain

task or a business because of the name

that you've created around yourself

these are all examples of ways that you

can gain leverage to be able to make

obscenely more money than someone who

focuses purely on a linear growth path

of personal wealth thank you guys for

watching this video I hope you found it

useful if you would like to see more

videos that are not as crypto related

and are more focused on stuff like this

let me know in the comments below cheers