Billionaire’s Unexpected Advice on Making Money

Shine Star

What does a billionaire really think about making money?  I asked one insider one simple question—and his answer turned everything  I believed about wealth on its head.   Watch this and learn the unexpected rule that could change your financial mindset forever.   #WealthMindset  #MakeMoney  #BillionaireAdvice  #FinancialFreedom  #MoneyTalks  #USAWealth  #UKFinance  #CanadaMoney  #AustraliaInvesting  #HighIncomeTips  #WhatTheyDontTellYou  #SecretToSuccess  #UnexpectedAdvice  #ChangeYourMindset  #ThinkDifferent   Leave a comment: which tip surprised you the most — I’ll reply to one of you!

Transcript

00:00I have a friend who's 40 and damn near a billionaire. One night, I was asking candidly,

00:04how'd you make your fortune? And I was looking for things to replicate. And the simplicity

00:08of his response surprised me. He said, I train my brain to perform one task incredibly well,

00:15one task alone, to never conform. That's it. And I said, okay, that sounds good, but how do you do

00:21that? Can you explain to me? And we came to this, what I'll call the funnel to non-conformity.

00:25Become a funnel for ideas. Let ideas fight based on merit, not emotion. Find courage to act in

00:31non-conformity. And you'll have opportunities others never see or are too scared to act on.

00:36Then he gave me a series of ideas, ways that you could put this into work in your life every single

00:42day. And because I don't have access to that many billionaires, I thought I'd share them with you

00:47because they changed my life and maybe they can change yours. So the first thing he said is don't

00:51believe in anger. Anger is useful in physical fights, but it's a killer of logic. It's a trick

00:56of the mind pushing you into fight or flight. Let me tell you what you can't do well when you're

01:01fighting or flighting. Think. Remove your anger and you'll find clarity. The second thing was that

01:07controversy and conformity are a conundrum. And the conundrum is that there's a spectrum where

01:13controversies and conformity sit on two ends of the line. More conformity equals less controversy.

01:18controversy. And yet most of the wins in life land on the edge of controversy. So choose your

01:24controversy wisely, but choose it. The third was reading as a diet. He said, be careful what you

01:29read because it becomes the way that you think. Number four was ideas strongly stated and loosely

01:35held. Having a strong opinion, he said, is the mark of intellect, but having to change it is the

01:40mark of true intelligence. Only politicians hold one stance forever for fear of flip-bopping. We mortals do

01:46better to constantly experiment. Then the fifth thing he told me was share your MVPs, your minimal

01:52viable products. Every time you produce a product or an idea, more come back tenfold. So don't make

01:58it perfect, make it done. Then let the market decide. Most people, I think, wait for perfectionism

02:03in everything that they do. And he said most of the reason that he had created wealth is because he knew

02:08that perfectionism would never come. So he shipped it. Builders build. Number six is that Warren Buffett

02:13doesn't optimize. My friend Ashley met with Warren Buffett, sat down and had dinner, and a couple

02:18things stood out to him. But one thing in particular is that people these days say things like, well,

02:23I wake up at 5 a.m., meditate, work out, drink 72 ounces of chlorine water. Then I stand up outside.

02:30You know, then I go do a headstand. Then I drink green juice. Okay, I guess you could go do those

02:36things or you could do none of them and instead focus on thinking clearly, intently, and strategically

02:41before you pull any triggers. Make it the one thing you need to focus on each day and that might beat

02:47any morning routine that some guru tries to sell you. Number seven is boredom as a superpower. The

02:53best ideas need breathing room, he said. They're a flower stretching for the sun. When you clutter

02:58them with meetings, you'll watch them die. Instead, clear your schedule every morning with no calls prior

03:04to 10 a.m. I do the same now. Paired with two no-call days a week. I need to let my ideas breathe.

03:11Otherwise, they die. Story time. All right, guys, this is kind of special because I just sold a website

03:19for 8K that I bought for about 100 bucks. It was called Grow Getters, a newsletter that talked about

03:26marketing growth. I did it just for fun with two friends and it made me realize that I wanted to tell

03:31more people that you can start with small deals, you could start with large deals, but you can

03:35definitely start with online deals. So I partnered with this company, Flippa, thanks guys, about where

03:41to buy online businesses. It's my favorite site to buy any sort of online business, period, full stop.

03:48That's why I'm trying to invest in them. So maybe you guys can check this out so that I could get part

03:52of this series. That'd be awesome. Thanks, Blake, CEO. Because after all, we know that 94% of startups fail.

03:58That's why I like to buy them instead of build them. And this is true on Flippa too for online

04:04businesses. You can get loans or use seller financing, although you got to put down some cash.

04:08You can have profits on day one of owning the business. You can use the cash flow of the business

04:13to fund your next brilliant idea. But instead of paying for an idea, you buy it first. So here's

04:19the link. Go check them out. There's 500,000 businesses that have been listed on Flippa. They've

04:24done billions of dollars in transactions. And maybe you could buy one like this. This is a

04:29business that's live right now. This is a sewing company. I don't know. You nerds out there maybe

04:33are into that. You could buy this one for 10K. It's making $642 a month profit. And then grow that

04:40bad boy to a few thousand dollars a month is what I do. It doesn't look optimized at all. And then flip

04:45it to the next seamstress, you know. Anyway, thanks Flippa. If you guys want to find online

04:51businesses, you should check out this link. The company is sick. Number eight, numbers greater

04:57than narrative. Anytime something is common practice, check if it's common sense. You know,

05:02you return to the very first principle there is, which is one plus one equals two. Numbers are often

05:07terrible liars. How can you find the truth numerically instead of what people want you to think

05:13through a narrative? Number nine is, can you explain it to grandma? Take that shiny new idea

05:18in your head and go explain it to your grandma. Can you take the complex and make it simple? If not,

05:23you don't know enough about it. You need strong beliefs paired with intimate knowledge. If you

05:29have those two things, then you're not in a dangerous spot. You are dangerous. Number 10 is,

05:34every new learning is a little death. You know, I read something that said that your skin regenerates

05:39itself every 72 days completely. So you're not the same person you were 72 days ago. Your ideas need

05:44an equal level of velocity and regeneration, you know, challenging the old ideas and letting them

05:49be reborn into something better, as opposed to believing your own bullshit. Number 11 is the

05:55toleration challenge. What if your intellect is measured by how much truth you can tolerate?

06:00Can you be told you're wrong and that dress makes you look fat and you're getting older and he's

06:05smarter than you? And can you take them all in stride? If you can't, you can't take the truth.

06:10And the truth is the only thing that accumulates large wealth. Number 12 was, trust the process.

06:15There are no shortcuts. Shortcuts and get rich quick schemes will get you lost. Forget the outcome

06:20and focus instead on the process and watch your destination appear. I think this is one that all

06:25of us in 2022 have to think about. Number 13 was, never forget failures. I love this. When you walk

06:31into his office, he keeps a collection of old failures on a wall in the bathroom. So every

06:36time you walk into the bathroom, it's the pictures of all the investments that they've lost on all the

06:41CEOs they bet on that they should. Most people, when you walk into their office, they hang medals.

06:46He reminds himself instead of the scars gotten and the mistakes mishandled, keeps you honest.

06:51And then you don't believe, again, your own bullshit.

06:54Number 14, the gift of dissent. Sycophants or yes men, people that basically tell you whatever you

07:00want to hear, will kill you faster than dissent. So you need to surround yourself with unruly

07:04individuals who make you stand your ground or berate you for not. This is something most people

07:08do not do, but it is usually the downfall of great men and women. Number 15, he said was, speak the

07:13truth, even when it hurts. You don't really hold an idea in your head, in my opinion, until you can say

07:19it with your lips. Idea, word, action. Then you can say that this is what you truly believe. Then we talked

07:26about fluid intelligence. Fluid intelligence is the capacity to reason, make connections,

07:32solve problems, and consider abstract complex. It's a philosophical and psychological concept.

07:38The fastest way to grow it is read widely, voraciously, and continuously. You know, as we

07:43come into kind of another difficult year with so much happening around where personal sovereignty

07:47becomes more important, we have to realize it starts with us. It's not the tactics of money making

07:53that matter. The most important thing you can do is train your brain to seek the ideas that stand

07:58out on their own two feet. Finally, I'll leave you with this. One of my favorite quotes from

08:02Naval Ravikant. He said, a contrarian isn't one who always objects. That's a conformist of a different

08:08sort. A contrarian reasons independently from the ground up and resists pressure to conform.

08:14So I think if we all want to reach that billionaire status or millionaire status or financially free

08:19status, it's actually not about the tactics and the how. It's about who we are and how we train our

08:26brain to become just that. If you liked this one, let us know below. I'll do more about what some of

08:31my billionaire friends think.

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