Lets discuss a tweet by Naval Ravikant which goes over the details of how you can get rich - without getting lucky. Enjoy! Add me on Instagram: GPStephan
Tweet By Naval Ravikant - https://twitter.com/naval/status/1002103360646823936
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
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THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Main Take Aways:
-Money by itself is NOT what’s going to make you rich, so don’t JUST pursue money. It’s MORE important to own assets that MAKE you money, rather than just trying to get money as the end goal.
-Wealth is constantly changing and evolving, money is always going to be flowing from one person to another…and that’s the beauty in it. You CAN make money without doing so at another person’s expense - and the sooner you understand that, the sooner you can begin accumulating wealth.
-The issue we ALL faced is that there are only 24 hours in a day…so, beyond a certain point, it becomes iMPOSSIBLE to get ahead by working longer hours. BUT, WHEN YOU INVEST WHAT YOU EARN - your money can begin working independently from your time, and OWNERSHIP in assets like stocks, real estate, and a business is what will build wealth long term - not working more hours.
-the internet has really leveled the playing field in terms of who can make money, and from where. It’s no longer dependent that you live in a certain location to build a business, you no longer need a ton of money to open up a physical store, and as long as you can provide a service to someone else - and you find a way to show people the value of what you create - you can make money.
-Each day you have the choice to build off the success of the previous day, OR, you can point that arrow down and that’s the momentum you’re going to carry forward. ANYTHING worthwhile is something you need to do consistently, without fail, as often as you can…and when you get that down, that will bring you results.
-They say you are the combination of the 5 people you spend the most time with…so, surround yourself with people who inspire and push you to become a better person. If you surround yourself with negative losers, that’s going to subconsciously influence you - if you surround yourself with people who continually improve themselves, that’s going to push you just as much.
-if you can’t effectively articulate the benefits of what you have to offer to another person, they will never bother using it - even if it’s the most revolutionary product of our decade. You have to learn how to sell, and whether you like it or not, life is often one big giant sales game.
-You are paid in direct proportion to the value you provide, and how easily you can be replaced…the more you make yourself indispensable, the more job security you have, the more you can earn, and the more longevity you will have.
-Hiring people requires that someone AGREES to work with you, and even though it’s impressive to say “you have X people working for you” - it’s not always necessary. Instead, running a digital business can continue to work exponentially - without requiring the work of more people.
- If you can't code, write books and blogs, record videos and podcasts. Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.There is no skill called “business.” Avoid business magazines and business classes.
Or, in other words…give value, give entertainment, teach something you know, ADD something to society, learn how to build and sell that, leverage your efforts NOW…and learn by the experience of going out and doing it. These aren’t principles that can be taught in a classroom, and they're often learned and discovered as you go about life...or, as you scroll through twitter or watch youtube videos.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Tweet By Naval Ravikant - https://twitter.com/naval/status/1002103360646823936
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Main Take Aways:
-Money by itself is NOT what’s going to make you rich, so don’t JUST pursue money. It’s MORE important to own assets that MAKE you money, rather than just trying to get money as the end goal.
-Wealth is constantly changing and evolving, money is always going to be flowing from one person to another…and that’s the beauty in it. You CAN make money without doing so at another person’s expense - and the sooner you understand that, the sooner you can begin accumulating wealth.
-The issue we ALL faced is that there are only 24 hours in a day…so, beyond a certain point, it becomes iMPOSSIBLE to get ahead by working longer hours. BUT, WHEN YOU INVEST WHAT YOU EARN - your money can begin working independently from your time, and OWNERSHIP in assets like stocks, real estate, and a business is what will build wealth long term - not working more hours.
-the internet has really leveled the playing field in terms of who can make money, and from where. It’s no longer dependent that you live in a certain location to build a business, you no longer need a ton of money to open up a physical store, and as long as you can provide a service to someone else - and you find a way to show people the value of what you create - you can make money.
-Each day you have the choice to build off the success of the previous day, OR, you can point that arrow down and that’s the momentum you’re going to carry forward. ANYTHING worthwhile is something you need to do consistently, without fail, as often as you can…and when you get that down, that will bring you results.
-They say you are the combination of the 5 people you spend the most time with…so, surround yourself with people who inspire and push you to become a better person. If you surround yourself with negative losers, that’s going to subconsciously influence you - if you surround yourself with people who continually improve themselves, that’s going to push you just as much.
-if you can’t effectively articulate the benefits of what you have to offer to another person, they will never bother using it - even if it’s the most revolutionary product of our decade. You have to learn how to sell, and whether you like it or not, life is often one big giant sales game.
-You are paid in direct proportion to the value you provide, and how easily you can be replaced…the more you make yourself indispensable, the more job security you have, the more you can earn, and the more longevity you will have.
-Hiring people requires that someone AGREES to work with you, and even though it’s impressive to say “you have X people working for you” - it’s not always necessary. Instead, running a digital business can continue to work exponentially - without requiring the work of more people.
- If you can't code, write books and blogs, record videos and podcasts. Leverage is a force multiplier for your judgement. Judgement requires experience, but can be built faster by learning foundational skills.There is no skill called “business.” Avoid business magazines and business classes.
Or, in other words…give value, give entertainment, teach something you know, ADD something to society, learn how to build and sell that, leverage your efforts NOW…and learn by the experience of going out and doing it. These aren’t principles that can be taught in a classroom, and they're often learned and discovered as you go about life...or, as you scroll through twitter or watch youtube videos.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
dont believe anyone who guarantees you something nothing in live is guaranteed
Great video. Really respect you both.
Dude you’re hilarious when you do the impersonations 😂👍🏻
20 dollars a day ? I am currently in a position to anly afford to invest 20 dollars a month 😩 I'm 18 and not even earning yet
You are the average of the five people you spend the most time with?
What if you don’t have any friends?
People playing the status game, that pretty much describes everyone who lives in Seattle.
I am working multiple hourly jobs right now to save majority of it, so I can invest in real estate in a couple of years 🙏🏼 .
Feels like I am hitting the ceiling right now but there’s a light at the end of the tunnel. Frugal, debt free, saving for later.
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There must be an add on to block "smash the like button"….
I must admit this is a great video but you know the forex market is a very volatile one and as such it’s too risky for beginners without adequate tutelage to go into so rather than loose money to bad trades invest with a reputable broker like Mrs Flores Ben
Elon’s next project leverX, to move the earth with a big ass lever.
How do I get 30k + at 13 .I used a specific number bc ik places at 14 I can make under that but I want to know what can get me more
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Thank you Graham for sharing your knowledge! I am grateful for learning from you.
I feel like watching this video makes me feel like my high school experience was such a waste of time and void of real life information
Assets and liabilities are two sides of the same coin. The hardest thing is to determine if that asset will actually pay you. You can do all the analysis you want, but still be wrong. It is partially luck.
I thought the stocks I invested in were assets until I loss half my portfolio. I thought a home was an asset until it’s value dropped or stayed the same. Home is only an asset if you actually rent it out. Homes are actually huge liabilities if not rented out. A lot of businesses are liabilities until actually profitable. Or become a total loss.
this vid doesnt have subtitles yet bro:(
I clicked on the 👍 but it turned white i hope that still works
Lol
Now with Tiktok, the internet (and the success with being popular on it) is literally in anyone's palm
Your cute but please enjoy your money we are not on planet earth forever
Hi Graham,
Thanks so much for your great and engaging content and advice. I have been following your channel (and your friend MeetKevin's!) for about two years. I was recently a underemployed or unemployed full time college student. I graduated in December '19. The pandemic also hit me hard and I had to apply to over 400 jobs in 4 months. It was a very hard and demoralizing time.
But now, I am on track to make 127k a year in my current job as a software developer. I am investing 10% of my paycheck into vanguard mutual funds (some of it on Google/Apple/Amazon 🙂 ) and I am in the process of getting pre-approved for my first home. In a few years, my wife and I are planning to rent it out and buy other property and to keep on doing that :). It's unbelievable (in a good way) to me that it really is possible to build wealth in the scale that you and Kevin have. I am just a few weeks from turning 24 😀
Got to dave this to my phone. Thank you.
Hey Graham, love your videos!! Just a quick and honest advice from a viewer… Maybe you’re going too hard on the like button thing, I get why you do it but mentioning it that many times in a video just makes me lose focus on the information your providing, keep doing it but maybe tone it down a bit. The information your giving us is too valuable to be interrupted consistently. Besides that, great video as always 💪🏻
This is how many times he said smash the like button ⬇
Can you do a video on Fundrise?
Can you please do a video on the differences between mutual funds and index funds? Also pros and cons for each
Wold love to see you growing to Europe and start some tips/videos from Investments here!
Does anyone watch his videos now compared to 1-2 years ago and realize that now he seems more genuinely happy? Back then he seemed more upset or stuck up. Whatever it is im happy to see that Graham looks a lot better now
I love this guy's vids and how he constantly asks us to like his video without being annoying 😂
Too bad I can't sign up a Webull on my country.
The arrow!! what a Perfect analogy…. It all makes perfect sense now, thank you very much Stephan!!😁👌
My opinion is that luck will always play a bit of a role, one example that people don’t realize is that being born in a developed nation is already a HUGE advantage even if you are born poor, and there are many more
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