How to Actually Get Rich in 2019 & Beyond

TL;DR

Learn why playing it safe and saving money alone will not make you rich; to truly build wealth, you need to adopt an offensive mindset and prioritize investing.

Transcript

well being that it's a last day of 2018 I thought I would do arguably the most important video I have done of the entire year and we're talking about how to change your mindset how it relates to money in 2019 and moving forward how you can actually get rich okay versus what you know the financial gurus will tell you what to do versus people that yo... Read More

Key Insights

• 🤑 Playing it safe and saving money alone will not lead to financial success or wealth accumulation in the long term.
• 🤑 Successful entrepreneurs prioritize offense, meaning they focus on making money for themselves through entrepreneurship and investments.
• 🤩 Investing rather than saving is the key to building substantial wealth and achieving financial success.
• ✳️ Calculated risks are essential in playing offense, and successful individuals take these risks to maximize their financial opportunities.
• 🎮 Adopting an offensive mindset is necessary to play the game of wealth building and achieve long-term financial growth.
• 🖐️ Wealth accumulation requires a shift in mindset from playing defense to playing offense.
• 👻 Building wealth through offense allows individuals to control their financial worth and pursue opportunities for growth.

Questions & Answers

Q: Why do financial gurus recommend getting a safe job, saving money, and buying a house as a financial strategy?

Financial gurus often advocate for these strategies because they prioritize stability and security. These approaches can provide a baseline level of financial well-being but are unlikely to lead to significant wealth accumulation.

Q: How do successful entrepreneurs differ from the advice given by financial gurus?

Successful entrepreneurs prioritize offense over defense, meaning they focus on making money for themselves through entrepreneurship and investments. They understand that building real wealth requires taking calculated risks and maximizing investment opportunities.

Q: Is saving money important for financial success?

Saving money is still important, but it should not be the main focus. Successful individuals emphasize the importance of investing in order to achieve higher returns and build substantial wealth over time.

Q: How can individuals adopt an offensive mindset and start playing on offense?

One way to switch to an offensive mindset is to start making money for yourself, such as by starting your own business or engaging in entrepreneurial activities. This shift in mindset will enable you to take control of your financial worth and pursue opportunities for growth.

Summary & Key Takeaways

• Financial gurus often advise getting a safe job, saving money, and buying a house as a defensive game plan for financial stability. However, this approach alone will not lead to wealth.

• Successful entrepreneurs like Jeff Bezos, Warren Buffett, Elon Musk, and Steve Jobs have achieved financial success by playing offense, starting their own businesses, and making smart investments.

• It is crucial to shift your mindset from playing defense to playing offense in order to build real wealth and enjoy financial success in the long run.