If you want a million dollars, solve a million-dollar problem.

You are paid in proportion to the perceived value of your work. Not based on how hard you work: A handyman may work hard, but his work is easily replaceable so he will make less money than a lazy accountant. The most valuable employees are the ones working on the biggest problems. The richest people are those who solve a problem for billions. If you want money, stop chasing money. Look for big problems and come up with solutions. The market will reward you generously.

Money is about value, not time

Money is just a belief. A number on a screen. What we want is the feeling of freedom: The ability to do what we want, when we want it, without having to think if we afford it or not.

Money = Freedom

We have grown up to see money as the tool of evil for corrupt individuals. However, more than 60% of millionaires are self-made. They started from 0 and built their empires one brick at a time.This includes people like:<ul><li>Warren Buffet</li><li>Howard Schultz (ex Starbucks CEO)</li><li>Oprah Winfrey</li><li>Jeff Bezos</li><li>Elon Musk</li><li>etc...</li></ul>They worked hard, on problems that affected millions. And they came up with solutions that scale.

The myth of corrupt millionaires

There is an untold truth about money – an actual equation that allows you to build wealth from nothing. It’s an equation that is hardly taught in schools if at all, and is often overlooked by those who are trying to get rich, or achieve their dreams of “financial freedom”. In this video, we’ll take a look at exactly what that equation is. ****** 👇 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐓𝐡𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 // 𝐁𝐞𝐜𝐨𝐦𝐞 𝐀 𝐏𝐚𝐭𝐫𝐨𝐧! ► https://www.patreon.com/jamesvj 💻𝐖𝐡𝐞𝐫𝐞 𝐈 𝐛𝐞𝐠𝐚𝐧 𝐥𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐡𝐨𝐰 𝐭𝐨 𝐞𝐝𝐢𝐭 + 𝐨𝐭𝐡𝐞𝐫 𝐜𝐥𝐚𝐬𝐬𝐞𝐬 (𝐒𝐤𝐢𝐥𝐥𝐬𝐡𝐚𝐫𝐞) ► https://skillshare.eqcm.net/Kr3Yn 📈𝐆𝐞𝐭 𝟐 𝐅𝐑𝐄𝐄 𝐒𝐓𝐎𝐂𝐊𝐒 𝐎𝐍 𝐖𝐄𝐁𝐔𝐋𝐋 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 𝐝𝐞𝐩𝐨𝐬𝐢𝐭 $𝟏𝟎𝟎 (𝐔𝐒): ► https://act.webull.com/kol-us/share.html?hl=en&inviteCode=aUn469wnhfEA 📹𝗠𝘆 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁: https://bit.ly/2OfHCTO 📚 𝐌𝐨𝐬𝐭 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐭𝐢𝐚𝐥 𝐁𝐨𝐨𝐤𝐬 𝐈 𝐇𝐚𝐯𝐞 𝐑𝐞𝐚𝐝: https://bit.ly/33pDvw7 🎶 𝐌𝐮𝐬𝐢𝐜 𝐔𝐬𝐞𝐝: 'Discovery' [Epic Cinematic CC-BY] - Scott Buckley // https://bit.ly/3fB3vtj BaaskaT - Bittersweet // https://bit.ly/2Jgu3E4 Epidemic Sounds - https://bit.ly/2SblgUB Artlist - https://bit.ly/2IzPbVo 📸 Instagram: james.v.j // https://bit.ly/2TOaBBC 🐦 Twitter: @jamesvjani // https://bit.ly/2zYPrsT ****** DISCLAIMER: This video was heavily inspired by the works of MJ Demarco, author of “The Millionaire Fastlane”, and “Unscripted”, as well as my own opinions and observations on how society functions on a monetary level. Of course, the subjects of money, and entrepreneurship are far too vast to cover in a single YouTube video, so I have tried to condense this information as best as I can. Enjoy 😊 THE MYTHS ABOUT MONEY Everyone wants to know how to be rich, but when it comes to wealthy people the media and Hollywood have a habit of depicting them as cruel, evil, corrupt, or backstabbing individuals. But the real question is whether you believe this stereotype. Most of what you think about money has been influenced by your upbringing and surroundings. If you grew up poor, then you’re more inclined to believe that your financial future will remain under such circumstances. Or perhaps you decided to make it your goal to generate as much wealth as possible so you will never grow up in those conditions again – either way, it’s important to note that we may have false beliefs about money which will not serve you well if your goal is to become rich. THE EQUATION TO WEALTH. In a capitalist society, you are paid in proportion to the perceived value that you have. This is very important to understand and can explain many reasons as for why people are paid differently. The cleaner is paid less than the accountant because the cleaner’s job is not difficult to learn, and they can easily be replaced. The accountant on the other hand has spent years studying numbers, and has saved their clients thousands on taxes. The market perceives the value of the accountant to be higher, and therefore the accountant makes substantially more money. And yet the problem with a job is that your income is time-bound. It requires your time to generate wealth, and only at an old age can you truly reap the rewards of the wealth that you’ve built – if you’ve built any at all. How then are there millionaires or billionaires at such young ages? What is it about people like Elon Musk, or Jeff Bezos that make their perceived value so high? The next part of this equation is as follows: if you want money, you must solve problems. All money runs from this basic premise. If it solves a problem (depending on what the problem is), money will be thrown at it. If it’s a million-dollar problem, then the solution will make you millions. If it’s a billion-dollar problem, then the solution will make you billions. Truth is: if you’ve been chasing money, then you’ve been doing it all wrong. You need to chase problems, and more importantly, solutions to those problems. ****** All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel. AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂 Don’t worry – I only ever promote things that have genuinely helped me. Copyright © James Jani 2020 Prologue - 00:00 Part 1: The Lies You've Been Fed - 03:20 Part 2: The Truth About Money & Wealth - 06:25 Part 3: A Problem Worth Solving - 09:37 Part 4: The Reward - 11:32 Part 5: Your Money or Your Life - 12:40 Conclusion - 15:03

philosophy

Philosophy

Discover the world of business and economics.

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Economics

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Money & Investments

There is an untold truth about money – an actual equation that allows you to build wealth from nothing.

It’s an equation that is hardly taught in schools if at all, and is often overlooked by those who are trying to get rich, or achieve their dreams of “financial freedom”. 

In this video, we’ll take a look at exactly what that equation is. 


******
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******
DISCLAIMER: 
This video was heavily inspired by the works of MJ Demarco, author of “The Millionaire Fastlane”, and “Unscripted”, as well as my own opinions and observations on how society functions on a monetary level. Of course, the subjects of money, and entrepreneurship are far too vast to cover in a single YouTube video, so I have tried to condense this information as best as I can. Enjoy 😊

THE MYTHS ABOUT MONEY
Everyone wants to know how to be rich, but when it comes to wealthy people the media and Hollywood have a habit of depicting them as cruel, evil, corrupt, or backstabbing individuals.
But the real question is whether you believe this stereotype.

Most of what you think about money has been influenced by your upbringing and surroundings. If you grew up poor, then you’re more inclined to believe that your financial future will remain under such circumstances. Or perhaps you decided to make it your goal to generate as much wealth as possible so you will never grow up in those conditions again – either way, it’s important to note that we may have false beliefs about money which will not serve you well if your goal is to become rich.

THE EQUATION TO WEALTH.
In a capitalist society, you are paid in proportion to the perceived value that you have. 

This is very important to understand and can explain many reasons as for why people are paid differently. The cleaner is paid less than the accountant because the cleaner’s job is not difficult to learn, and they can easily be replaced. The accountant on the other hand has spent years studying numbers, and has saved their clients thousands on taxes. The market perceives the value of the accountant to be higher, and therefore the accountant makes substantially more money. 

And yet the problem with a job is that your income is time-bound. It requires your time to generate wealth, and only at an old age can you truly reap the rewards of the wealth that you’ve built – if you’ve built any at all. 

How then are there millionaires or billionaires at such young ages? What is it about people like Elon Musk, or Jeff Bezos that make their perceived value so high?

The next part of this equation is as follows: if you want money, you must solve problems. 

All money runs from this basic premise. If it solves a problem (depending on what the problem is), money will be thrown at it. 

If it’s a million-dollar problem, then the solution will make you millions. 

If it’s a billion-dollar problem, then the solution will make you billions. 

Truth is: if you’ve been chasing money, then you’ve been doing it all wrong. You need to chase problems, and more importantly, solutions to those problems.

******
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂
Don’t worry – I only ever promote things that have genuinely helped me.

Copyright © James Jani 2020

Prologue - 00:00
Part 1: The Lies You've Been Fed - 03:20
Part 2: The Truth About Money & Wealth - 06:25
Part 3: A Problem Worth Solving - 09:37
Part 4: The Reward  - 11:32 
Part 5: Your Money or Your Life - 12:40
Conclusion - 15:03

Hi - I'm James! 

This channel explores my discoveries and perspectives on various topics through entertaining documentary-style videos! 

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