- Let's talk about how money works.
Today, I'm going to share a secret with you
that guarantees you'll be rich or you'll be broke.
(upbeat music)
So I want you to think about how money came about.
Think about back in the days in history.
You have farmer, you have hunter, right?
Back then, it's let's say, I am a farmer
and I grow vegetables in my garden,
in my farm or I have some crops.
And then if I want to eat some meat
and maybe you are also have a farm of some sort
and you have some cows in the farm.
Back in the old days, if what we wanna do.
If I wanna have some meat, we need to trade.
You're gonna bring me the meat
or you gonna bring me the whole cow
and then you bring it to my farm, I'm gonna
give you some vegetables in exchange.
When you get to a point where people say, you know what?
It's kind of difficult to have everything
that I want to trade with me all the time.
It's difficult to have 10 cows with me
or three horses with me all the time.
What can we do to be just living more efficient?
How can we make this a little bit
more convenient for each other?
And people came up with a concept of money.
Now back then, we're talking about
it could be like old days certain types of stones right?
And then precious metals or gold coins
and things like that and now today
we're talking about, of course paper.
Bills, dollars, or even our digital currency.
But that's how money works.
You have to understand the world revolves around value.
So if you understand the world revolves around value.
The business of making money is nothing more
than a value and value exchange.
Once you realize that, that is how money works
and that's how the game works.
So what we do is we trade our time, if you're an employee.
Our products or services, our expertise as an entrepreneur.
Our skills.
We trade that and exchange that with other people for money.
What he means is, the more value that you could provide,
the more money people are willing to trade you with it.
It's that simple.
So instead of just focusing on,
I wanna make more money being all desperate
and panicking, what you focus on is
instead of becoming a person of success,
become a person of value.
If you wanna make more money,
the question you have to constantly ask yourself is
how could I be a person of value?
How could I become more valuable?
How do you become more valuable to the marketplace?
Once you understand this, money is not an issue.
Because the marketplace is always
willing to pay good money for good value.
What's the difference between someone
making $10 an hour instead of someone
making let's say $500 an hour as an attorney?
Someone making $10 an hour, the marketplace is saying,
hey you know what, you're only
worth $10 or $12 or $15 an hour,
versus I'm willing to pay $500
to spend an hour with an attorney.
The difference in value, not your person.
Not a person, not value as a person.
Value, the marketplace is willing to pay.
And you notice, people who don't make a lot of money,
people who are struggling or people making minimum wage,
they are easily replaceable.
They see someone working at a restaurant.
A waiter, waitress.
Maybe they do very good job, they work very hard
but if they leave or the boss, the manager fires them,
they could be easily replaced.
When you could be easily replaced,
you are not very valuable.
The more difficult you are to replace,
the more valuable you are.
That's the secret that will guarantee
if you'll be broke or you'll be rich.
Now the next step, assuming you're working hard,
you are developing your skills,
you're becoming more valuable in the marketplace.
What you really wanna get to is to become invaluable.
Now what do I mean by that?
Invaluable meaning, irreplaceable.
When you are invaluable in the marketplace,
the marketplace will reward you handsomely
because you are irreplaceable.
Let me give you some examples.
Michael Jackson.
That's invaluable because there's
only one Michael Jackson in the world.
Michael Jordan.
He is invaluable because there's only
one Michael Jordan in the world
and that's why fans, Nike are willing
to spend millions and millions of dollars
with one person because he's invaluable.
Oprah.
Beyonce.
All the celebrities.
There's only one of them.
There are many other singers and dancers
but there's only one Beyonce.
Being invaluable also means you are wanted,
you are needed, you're being desired
by a large group of people.
The more people who desire you,
who want you, who need you, the more invaluable you are.
The more difficult it is to replace you,
the more invaluable you are and the more invaluable you are,
the more money you're gonna make,
the more wealth you can create.
So become a person of value.
That's how money works.
It is a value and value exchange.
So comment below, ask yourself,
what are you willing to do to be a person of value?
To become that valuable person in the marketplace.
And then maybe, eventually become invaluable.
Until next time, I'll see you in my Bentley.