The Untold Truth About Money: How to Build Wealth From Nothing

 Jeff Bezos, the founder of Amazon, has a net worth of 117 times this number. You, on the other hand, may not have any savings and are struggling with a hefty student debt. It can feel like you're on the losing side of a rigged game. But what if I told you that you were wrong? There is actually an equation to wealth and science behind the way money works. Most of our beliefs about money are shaped by our upbringing and environment. Of the world's ultra wealthy, 68 percent of them were self-made. Hollywood often portrays the wealthy as evil, backstabbing, entitled or corrupt individuals; however, in a capitalist society you are paid in proportion to the perceived value that you have and the market is made up of consumers who perceive this value - your friends, family, and neighbours. People may complain that football players are overpaid but there must be a market for football in order for them to be paid millions in the first place.

Jeff Bezos solved a billion-dollar problem and was rewarded for it. To achieve wealth, one must find a scalable solution to the problem that affects a large number of people. Automation, systems, and processes are all essential components to this equation. Once someone buys the solution you have spent years building, that is the moment of acquisition, like when Facebook acquired Instagram for 1 billion, or eBay purchased PayPal for 1.5 billion which resulted in Elon Musk receiving 165 million dollars. Now that you have a successful business with the right systems in place, it is time to benefit from your hard work. Don't focus on money itself; instead, focus on problems and finding solutions to those problems. That is the formula to acquire and maintain financial freedom. Of course, many people won't succeed due to various reasons, but the most important thing is to learn from failure and move on quickly.

My goal with this channel is to create entertaining documentary-style videos on business finance and life in general. If you genuinely enjoyed this video, please don't be shy - hit the like button. On the other hand, if you disliked it, hit the dislike button. If that sounds like something you'd be interested in and you'd like to tune in for more, hit the subscribe button. I really do appreciate your support!