Insurance Scams? How to Buy Smarter (Entrepreneur's View) | Finance Hacked
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FINANCE HACKED team would like to thank the audience for their interest and support of the Channel in the past time. We hope that the content of FINANCE HACKED will bring long-term value to the audience.
All contributions to support the development of the Channel, dear viewers can send to:
- PayPal: https://paypal.me/FinanceHacked
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All ideas or feedback to the Channel, our dear friends can send to:
- Gmail: financehacked@gmail.com.
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Welcome to Finance Hacked! In this video, we tackle a controversial question: are insurance companies scamming us? Many people fear the financial ruin that can come with illness or loss of income, and insurance seems like an angel offering a lifeline. But why do insurance companies make so much money, and are you truly protected when you need it most?
We dive deep into the human vulnerabilities that insurance companies address – the fear of leaving loved ones unprotected. You'll learn why even the world's wealthiest rely on insurance to protect their assets.
However, the reality is complex. While insurance offers valuable financial leverage, navigating the market can be tricky. We expose some unethical tactics used by agents and frankly discuss the responsibility buyers have in this process. Are you unknowingly wasting money or risking denied claims due to incomplete disclosures?
Drawing from my perspective as an entrepreneur, I share exactly how I've approached buying insurance to avoid common pitfalls and leverage its financial advantages. I reveal the specific types of insurance I've purchased (and why!), including life insurance, health insurance, and critical illness coverage, and explain how to determine the right amount of coverage for you and your family – even for your children.
Learn why focusing on term policies over cash value insurance might be a smarter financial move for many, and how to ensure you're not paying for unnecessary coverage. This video aims to provide you with the awareness needed to make informed decisions and turn insurance from a potential source of frustration into a powerful tool for financial protection.
Achieving financial freedom means understanding how to protect your wealth while you build it. Join us as we explore the world of insurance with a critical, entrepreneurial eye.
If you want to understand how to buy insurance wisely, avoid common traps, and protect your financial future, watch this video!
Don't miss out on future insights on finance, entrepreneurship, and achieving financial freedom.
🔔 Subscribe to Finance Hacked and hit the notification bell!
👍 If this video helps you, please give it a like and share it with others who need to see this!
#Insurance #PersonalFinance #FinancialFreedom #Entrepreneurship #LifeInsurance #HealthInsurance #CriticalIllness #MoneyTips #FinanceTips
----------------------------
FINANCE HACKED team would like to thank the audience for their interest and support of the Channel in the past time. We hope that the content of FINANCE HACKED will bring long-term value to the audience.
All contributions to support the development of the Channel, dear viewers can send to:
- PayPal: https://paypal.me/FinanceHacked
- Wise: https://wise.com/pay/me/hongnguyenphuongd
All ideas or feedback to the Channel, our dear friends can send to:
- Gmail: financehacked@gmail.com.
----------------------------
Welcome to Finance Hacked! In this video, we tackle a controversial question: are insurance companies scamming us? Many people fear the financial ruin that can come with illness or loss of income, and insurance seems like an angel offering a lifeline. But why do insurance companies make so much money, and are you truly protected when you need it most?
We dive deep into the human vulnerabilities that insurance companies address – the fear of leaving loved ones unprotected. You'll learn why even the world's wealthiest rely on insurance to protect their assets.
However, the reality is complex. While insurance offers valuable financial leverage, navigating the market can be tricky. We expose some unethical tactics used by agents and frankly discuss the responsibility buyers have in this process. Are you unknowingly wasting money or risking denied claims due to incomplete disclosures?
Drawing from my perspective as an entrepreneur, I share exactly how I've approached buying insurance to avoid common pitfalls and leverage its financial advantages. I reveal the specific types of insurance I've purchased (and why!), including life insurance, health insurance, and critical illness coverage, and explain how to determine the right amount of coverage for you and your family – even for your children.
Learn why focusing on term policies over cash value insurance might be a smarter financial move for many, and how to ensure you're not paying for unnecessary coverage. This video aims to provide you with the awareness needed to make informed decisions and turn insurance from a potential source of frustration into a powerful tool for financial protection.
Achieving financial freedom means understanding how to protect your wealth while you build it. Join us as we explore the world of insurance with a critical, entrepreneurial eye.
If you want to understand how to buy insurance wisely, avoid common traps, and protect your financial future, watch this video!
Don't miss out on future insights on finance, entrepreneurship, and achieving financial freedom.
🔔 Subscribe to Finance Hacked and hit the notification bell!
👍 If this video helps you, please give it a like and share it with others who need to see this!
#Insurance #PersonalFinance #FinancialFreedom #Entrepreneurship #LifeInsurance #HealthInsurance #CriticalIllness #MoneyTips #FinanceTips
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LearningTranscript
00:00Our insurance companies scamming us, Finance Hacked warmly greets you and our dear friends.
00:07Why do insurance companies earn so much money?
00:11Because people are not afraid of dying but rather of the process of dying.
00:17When you fall ill and discover that you don't have a single penny, all you can do is wait to die,
00:22and that process is even scarier than death itself.
00:26But what is even more horrifying is that after you die, your family might suffer because you are the primary breadwinner.
00:35Even without dying, simply losing your job could leave you penniless and starving,
00:40while your family still has to pay the mortgage, car loans, and cover your children's education.
00:48It is at that moment that insurance companies appear like angels falling from the sky.
00:53Telling you, I can help you resolve your financial problems.
01:00All you need to do is focus on getting well.
01:04Have you noticed?
01:06Even the world's top billionaires buy plenty of insurance,
01:10they're not afraid of paying for treatment, they're afraid of losing what they already have.
01:15This is the very vulnerability of human nature.
01:21In reality, insurance is an extremely profitable transaction.
01:26You use a small sum of money to leverage a large compensation payout.
01:32Even if an accident never happens, you still benefit from the risk allocation strategy.
01:38But the question is, are you buying the right insurance?
01:42Many people waste money on unnecessary policies or, when trouble strikes, find out they aren't covered.
01:51And then they blame the insurance agent.
01:55They claim that agents, driven by commission, are willing to deceive even their own relatives and friends.
02:02I agree that there are indeed many unethical agents,
02:06but I also believe that those who suffer the consequences have their own share of responsibility.
02:13Can you avoid this trap?
02:15It depends on your awareness and whether someone is there to remind you.
02:21If no one reminds you, isn't it your own fault?
02:24An individual's success or failure depends on whether they dare to admit that all problems ultimately stem from themselves.
02:34Today, I am making another video that attracts both support and criticism.
02:40First, I will expose the tactics some unethical insurance agents use to lure customers.
02:46Then, I will openly share how many types of insurance I have purchased and what I've bought.
02:54In doing so, I not only earn the ire of insurance agents but also risk offending those who hold different views.
03:03However, I want to share with you, from the perspective of an entrepreneur,
03:08how I avoided insurance pitfalls and how I leveraged financial advantages.
03:12Now, do you want to buy cheaper insurance?
03:17If so, consider this, suppose an insurance agent tells you,
03:23join my company so you can purchase insurance for yourself and pocket the commission.
03:29You'll have coverage, learn about insurance, receive commission rebates,
03:34and if your acquaintances buy insurance through you, you can earn additional income.
03:40It sounds enticing, doesn't it?
03:43And more importantly, what is the catch?
03:47This tactic is entirely legal because, for the insurance company,
03:52commissions must be paid, whether to you or another agent doesn't matter.
03:58This is why so many people enter the insurance industry on this basis.
04:03A friend of mine joined the insurance business for this very reason.
04:07Back then, I had nothing, but I had a friend who was trustworthy.
04:14Knew how to save and managed his finances well.
04:19He was gentle and honest, so when I learned he was in insurance, I purchased my first policy from him.
04:27But after only a year, he quit the profession and we lost contact.
04:31My policy was then transferred to a stranger within the same company.
04:38It was only then that I realized he had entered insurance solely to earn a commission from his own policy.
04:44In other words, he had just started out and never intended to stick with it long term.
04:52What's most frightening is that this is not an isolated case.
04:56A friend of mine, a senior manager at an insurance company, once told me a number,
05:03a number you should know but keep to yourself.
05:07Three years ago, on this very day, more than 300 people joined his team as insurance agents.
05:15Three years later, only two of them remained.
05:18I asked why only those two were left, and the answer was simple,
05:24only they achieved astronomical sales, which secured their position,
05:28while most others quit within days or months.
05:32For an outstanding insurance agent, selling policies isn't the primary task,
05:38recruiting new people into the system is key.
05:42In other words, recruiting more people means attracting more customers.
05:46This is the game that insurance companies have designed.
05:52They recruit agents, but in reality, they are recruiting customers.
05:57When a newcomer joins an insurance company,
06:01they are required to build a list of 100 potential customers, family, friends, colleagues,
06:07and their task is to convert these prospects into actual clients
06:11If someone has not actively built a social network or frequently attended parties,
06:17events, or networking sessions,
06:20then their first customers will likely be themselves or their relatives and close friends.
06:27If I were the owner of an insurance company, how would I compete with my rivals?
06:33Simply put, if you can buy insurance for yourself and your family,
06:37consider it a victory over your competitors.
06:41And if you can sell insurance to outsiders,
06:45that becomes an extra revenue stream.
06:49It might sound as if insurance companies are ruthless because their product is just a piece of paper,
06:55a contract, but the fact that insurance exists,
06:59and that even the world's richest buy it, proves its value.
07:03They make money based on probability and the law of large numbers,
07:09while insurance also serves as a useful financial leverage tool to protect assets.
07:15Therefore, insurance companies must use these strategies to capture market share,
07:21because if you don't buy my insurance today, tomorrow you'll buy from a competitor.
07:27This is also why many people quit the industry after only a few days in.
07:32If your friends and relatives support you, your sales will likely be decent.
07:39But once they've all bought insurance, who else can you sell to?
07:44My principle when choosing an insurance agent is that there is nothing wrong with earning money
07:49from acquaintances because they are not being cheated,
07:52they are not taking your money without providing any service.
07:57If they did that, it would be fraud.
07:59Businesses like that, today you earn money from me, tomorrow I earn money from you.
08:07The world of commerce always operates in this way.
08:12For example, when I want to buy insurance, I'll ask my friends to purchase it too.
08:19Yes, they earn money from me.
08:21But what's the problem?
08:24I have to buy insurance anyway, so why not let a friend earn money from me instead of a stranger?
08:31Just as when my company launches a new product, I rely on friends for support,
08:37when a movie star premieres a new film, their friends all buy tickets to show support.
08:43Relationships are essentially money.
08:47However, before buying insurance, you must consider whether that friend is truly serious about the insurance business.
08:56If they can earn money both from you and from outsiders, with potential for long-term development,
09:02then you can trust them.
09:03But if they only aim to earn from acquaintances without the ability to grow,
09:09then I won't buy any product from them because the essence of insurance is sales.
09:15Sales means selling to strangers, not merely relying on personal relationships.
09:21Only when you can sell insurance to outsiders does the industry really fulfil its purpose.
09:26Today, you want to start a business, but no matter how good your product is,
09:33if you cannot sell it, then what's the point?
09:37If you are an employee, just an ordinary worker struggling daily in the hope of achieving financial freedom,
09:44after five or ten years, is that realistic?
09:48Throughout history, those who became wealthy, regardless of their field, have been masters of sales.
09:55Even Warren Buffett and Bill Gates, when they stand before you, aim to sell themselves,
10:02whether that means you buy Buffett's investment funds or use Gates' windows.
10:08Understanding the nature of sales and how to make money,
10:12even if you aren't eloquent or you are introverted, can be nothing short of an awakening.
10:18Now, let's move on to another issue.
10:20Why do so many people buy insurance only to not receive any compensation?
10:27The reason is that most insurance agents are friends or relatives.
10:33When they ask about your family's annual income or health condition,
10:37most people do not want to share details because this is personal information tied to privacy.
10:43This leads to incomplete disclosure of health conditions when purchasing insurance.
10:50What does that mean?
10:52In the insurance application form there are many questions such as,
10:57have you been hospitalised in recent years?
11:00Have you ever had a health check-up?
11:03Do you have any issues with this part or that part of your body?
11:07Many people think that if they haven't been hospitalised recently or don't have any serious illnesses,
11:14they don't need to disclose anything, the doctor said everything's fine, so why worry?
11:21But this is actually the most important issue.
11:25Insurance is not something where you simply pay money and automatically receive compensation.
11:30Remember this clearly, hospitals and insurance companies view health very differently.
11:38Hospitals assess based on your current condition.
11:43If you're fine now, you are considered healthy.
11:47But insurance companies look at your past health to predict the risk of you getting sick in the next 10 or 20 years.
11:55Simply put, if you have never been ill, your premium will be lower.
12:00However, if you disclose past illnesses, your premium might be higher, or you may even be declined coverage.
12:09But if you do not declare the truth and still pay a lower premium,
12:13then when it comes time to claim and the insurance company discovers that you withheld information,
12:19by law the responsibility falls on you.
12:22At that point, the insurance company has the right to refuse to pay out the contract.
12:28Many will then blame their insurance agent, and indeed, there are agents out there who only care about meeting their sales targets.
12:39Their goal is to sell as many policies as possible each month, they have very strict quotas.
12:46If they don't meet these quotas, they may lose bonuses or even their basic salary.
12:51Therefore, closing a contract becomes their top priority.
12:58If they fully disclose your health condition to the insurance company, the approval process may take longer,
13:04the chance of rejection is higher, and all their effort in advising and processing your application may be wasted.
13:11Consequently, for their own benefit, they don't want to stress too much about ensuring honest health disclosures.
13:22Yet in reality, they have a duty to clearly explain to you the importance of being truthful about your health.
13:30Now, think about it, have they ever made that clear to you?
13:34If a dispute arises and you lack written evidence that they guided you properly on disclosure,
13:40it will be very hard in court to prove that the mistake was the agent's fault.
13:46Without clear written evidence, you will be at a disadvantage.
13:51You might say the agent didn't explain clearly, but they could claim they did.
13:56Then it all comes down to mere verbal arguments, and you end up in a weak position.
14:01So the simplest thing you can do after watching this video is
14:06Before signing an insurance contract, check whether your agent has explained clearly the importance of honest health disclosure.
14:16If they have explained thoroughly, it means they genuinely care about you and have integrity, you can trust them.
14:23If they don't mention it, you should reconsider whether you should buy insurance from them.
14:28In reality, insurance agents employ many sales tactics, such as bundling products, suggesting you purchase additional policies,
14:39or introducing new products with enticing advertisements, claiming they are exclusive to the company.
14:47From a business perspective, these tactics aren't a major issue because sometimes customers need a little push to decide.
14:55That is why selling is an art.
14:57But the most important thing is whether the product they sell genuinely fits your needs,
15:04whether you can afford it, and most critically, whether after paying your premiums you are assured that the coverage will be provided when needed.
15:13These questions are similar to those you should ask when purchasing a house.
15:18As a professional investor, before buying real estate, you consider the location,
15:24whether the price is reasonable, and whether in three to five years someone will be willing to buy it back,
15:31whether your goal is to rent or to profit from price appreciation.
15:34These are decisions you must make on your own because it is your responsibility.
15:45You can't rely solely on the advice of a real estate agent.
15:49After all, their job is only to help you find a house that meets your criteria and assist with price negotiations,
15:56not to decide for you.
15:59Moreover, most agents have never successfully invested in real estate themselves,
16:04so why should you heed their advice unless they are truly professional investors who earn more from real estate than you do?
16:13Likewise, before contacting an insurance agent, determine your own insurance needs,
16:18don't wait until you meet them to start researching.
16:23Now, I will share my own strategy for buying insurance.
16:28First of all, let me clarify, I am not an insurance agent and I have no vested interest in any insurance companies.
16:37Ask yourself, how much money are you willing to spend on insurance?
16:43This is called your premium.
16:44If an incident occurs, how much money do you want to receive as compensation?
16:52This is the sum insured.
16:55The basic principle is, the higher the premium you pay, the larger the payout you receive.
17:02Yet many people do not fully understand these concepts.
17:07So, how much is enough?
17:08There is one thing you need to know, the cost of cancer treatment today is very high.
17:17With advancing medicine, many once-fatal diseases have become chronic conditions.
17:23But to maintain a chronic condition, patients must take medication for life.
17:29And do you know what that means?
17:32It means you'll be spending money continuously.
17:35In Asia, most advanced cancer treatment drugs have to be imported from the United States,
17:42and some medications can cost up to $80,000 to $100,000 per year.
17:49These expenses allow patients to live almost normally, but they are a huge financial burden.
17:55That's why you need an insurance plan with strong financial leverage to protect yourself against
18:02unforeseen risks.
18:05Yet you should not let insurance become too burdensome.
18:09This is the most important part, because I will share how to purchase insurance at the lowest
18:15cost while achieving the highest level of protection.
18:18The first example is life insurance, which pays out to your family when you pass away.
18:26Think of it this way, you're in business with a 90% chance of earning $1,000,000 but a
18:3210% risk of losing everything, or even suffering a loss.
18:37But if you only have to spend 1% of that amount, say $10,000, you can guarantee a full payout of
18:45$1,000,000.
18:46Would you be willing to spend that?
18:50Life insurance works on this principle.
18:54You have a 90% chance of staying healthy, but if you fall into that 10% risk,
19:01what will happen to your family?
19:04If you are the financial pillar of your household, supporting aging parents, children, and a spouse,
19:11who will take care of them when you're gone?
19:13Would you want to shift that risk to an insurance company to protect your family?
19:20Many people claim they have assets, a house they could sell to make ends meet.
19:25But I ask you, must they really sell the house?
19:29In reality, you only need to pay a few hundred dollars a year for a life insurance policy with
19:36a coverage of up to $100,000.
19:40So why would you let your parents or spouse have to sell the house when you're gone?
19:45Many people are astonished, not because they haven't heard of life insurance, but because
19:51they never expected it to be so inexpensive, just a few hundred dollars a year.
19:57Because the probability of such an event is low, the premium is also low, yet if the unfortunate
20:04event occurs, the payout is huge.
20:07This is the very nature of insurance.
20:12However, because it is so cheap, many agents will not promote this type of policy since
20:17their commission is very low, sometimes not even enough to buy you a meal.
20:23So, how much life insurance should you buy?
20:27Ask yourself, if one day you're no longer here, for how long do you want the insurance
20:33company to support your family?
20:36I once consulted with senior experts in the industry.
20:41And they suggested that if your annual income is $10,000, you should buy a policy with a coverage
20:47of at least $100,000, that is, 10 times your annual income.
20:54This amount will help your family adjust to a new life and find another income source.
20:59But why 10 times the income when that amount might not be enough to sustain a 10-year lifestyle?
21:08The reason is that money loses value over time.
21:11By the time your family needs it, its real value may have significantly diminished.
21:17Besides income, another crucial factor when purchasing life insurance is your debt.
21:22Suppose your annual income is $10,000 but you have a $500,000 mortgage.
21:31If you only buy insurance with a payout of $100,000, it certainly wouldn't cover the debt.
21:42Therefore, you need to factor in your bank debts when purchasing life insurance.
21:47At the very least, ensure that if something happens, your family won't lose their home.
21:55Ideally, the coverage should not only be enough to settle the debt but also leave a surplus for
22:01your family to maintain their lifestyle.
22:05In such cases, the amount of insurance you need might exceed 10 times your annual income.
22:11Some might argue, but I have enough cash in the bank to pay off the debt and support my family.
22:19However, from what I have learned, when you pass away, the money in your bank account may be
22:25temporarily frozen, preventing your family from accessing it immediately.
22:31In that case, even if there is money, it cannot be used to pay off debts.
22:36Thus, life insurance with a payout greater than your debts remains the safer option.
22:44Next is health insurance, non-life insurance.
22:48While life insurance only pays out when you die, if you fall seriously ill without dying,
22:54you will have to bear all the treatment, hospitalisation, and medication costs.
23:01That is when you need health insurance.
23:03This type of insurance is very straightforward.
23:09A normal person can purchase a plan with a payout between $10,000 and $20,000.
23:16The higher the coverage, the premium might only differ by a few dozen dollars per year.
23:23This is a very small cost compared to the insurance benefits you receive.
23:28Although such coverage might be enough to handle some severe illnesses,
23:33in reality it might still not cover all expenses.
23:37Even if medical costs are largely covered, if you are the sole earner in your family
23:43and have to take over a year off work for treatment or even a long period for recovery, then what?
23:49The issue circles back, how will your family manage living expenses,
23:55children's education, and mortgage or car loans.
24:00This shows that even though health insurance may cover hospitalisation fees.
24:06Your family's financial situation could still collapse.
24:10If you suffer a severe illness, this insurance will pay you a significant lump sum that you can use
24:22as you see fit to overcome the tough period.
24:26Critical illness insurance is very simple, it can be determined based on your income.
24:32Think of it as compensation for lost income when you are ill.
24:36Consider that if you contract a serious illness, you may be unable to work for at least two to three years.
24:45One to two years for treatment and another two to three years for recovery.
24:51Therefore, I believe that the minimum necessary coverage should be at least three times your annual income.
24:59Do you need to worry about inflation?
25:01I don't think you need to be overly concerned, as within three or four years, inflation is still manageable.
25:10For example, if your annual income is $10,000, choosing a coverage of around $30,000 would suffice.
25:20As for me, I only purchase three types of insurance.
25:23I have explained my reasons above and won't repeat them, but I do want to emphasise one point,
25:31why do some people find their insurance not as cheap as I claim?
25:36It might be because they purchased cash value insurance.
25:41Simply put, this is a type of policy that lets you withdraw the premiums you've paid later on,
25:47sometimes with interest.
25:48This insurance has a built-in savings function and is quite popular since buyers can get back their money.
25:57However, because of the savings component, the premium is higher,
26:02meaning the commission for the agent is also higher, and that is why they love to promote it.
26:08From a business perspective, I believe this deviates from the core principles of insurance.
26:14I don't need to use insurance as an investment tool, so I generally do not recommend buying this type.
26:23Of course, if you have ample financial resources, buying it is acceptable, but if your finances are limited.
26:32I advise you to prioritise buying insurance for your children.
26:37Young children do not really have an income to lose.
26:40If they fall gravely ill, they inherently do not suffer financial losses because they have no income.
26:49Therefore, when purchasing insurance for children,
26:52the focus should not be on compensating for lost income, but rather on covering treatment costs.
26:59I advise that if you are not yet at a point where you need not worry about money,
27:04you should buy critical illness insurance for your child.
27:07For minor ailments, it might be fine, they may still continue working.
27:14Albeit with some difficulty, but what if your child becomes seriously ill?
27:20A few days ago, a friend of mine borrowed tens of thousands of dollars
27:25because his child had to be hospitalised due to an infection,
27:29perhaps after playing in a park, touching something, and then putting their hand in their mouth.
27:35My friend, an ordinary office worker, was utterly heartbroken and almost completely overwhelmed
27:42when he saw his child bleeding and running a high fever.
27:47When an adult falls ill, we might consider whether to pursue treatment or not,
27:52but when it is your child, it's an entirely different story.
27:56Children are the treasures of their parents, even if it means selling every asset,
28:02you will do whatever it takes to save your child.
28:06As a parent myself, I truly understand that feeling.
28:12I also know that today many dangerous diseases, such as leukemia,
28:17can be cured, albeit with long-term treatment and enormous costs.
28:21If you want to calmly face your child's illness,
28:26term critical illness insurance for children is the amount of money you must prepare in advance.
28:33At this point, you might feel that these expenses take up a large portion of your budget.
28:39But in the eyes of entrepreneurs like us, this is not an expense to worry about.
28:44For example, as I mentioned earlier, even if your annual salary increases tenfold,
28:52suppose my income is $1 billion a year,
28:55I wouldn't need a policy worth $100 billion because even if I stop working,
29:02my family's life would not be drastically affected.
29:05This isn't bragging, rather, when you earn your first multi-million dollars,
29:11making money later becomes less significant because almost everything you want to buy
29:16ceases to be a major issue.
29:19In essence, the money I spend on insurance is no different from that of an ordinary employee,
29:25because I would rather allocate more funds to investments,
29:29putting money to work to generate more wealth,
29:31or invest in my own knowledge, build relationships,
29:35and spend to enter stronger networks.
29:39From which I can collaborate with more capable people to execute larger deals,
29:44thus, you can see why this channel strives to help everyone achieve financial freedom.
29:51The world is like a door, if you can push it open,
29:55not only you but also future generations will live comfortably.
29:58But if you cannot open that door,
30:02you will remain trapped in a cycle of worry and suffering.
30:07I believe that entrepreneurship is the only true key to opening that door.
30:12Of course, some will say that starting a business is very hard,
30:17that the failure rate is high,
30:19and that they have never studied business.
30:22But that is because they do not yet have an internet mindset
30:25and do not know how to attract customers to come to them.
30:30In today's world of personal media,
30:33you can build your own brand anytime and anywhere without having to stock inventory,
30:38hire employees, or open a storefront.
30:42With just a phone and a computer, you can operate your own company.
30:47The income you earn might even be many times higher
30:50than that of traditional business owners with chain stores,
30:54because your customers are the entire world,
30:57whereas they can only serve a limited number of people in a single store.
31:02Most importantly, you do not need a lot of startup capital,
31:06meaning, you practically have nothing to lose.
31:11Naturally, the most significant investment is your own time.
31:15Since our time is limited, I will stop here.
31:20We share free information on how to become rich,
31:24how to be an entrepreneur, an investor, and achieve financial freedom.
31:31If you don't want to miss out, follow our channel,
31:34turn on notifications, and share this video.
31:38I sincerely wish that all of you who support this video
31:42will soon achieve financial freedom.
31:44If even one or two lines from this video help your life,
31:49I will consider my work fulfilled.
31:53Goodbye and see you next time.
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