- [[Presenter] In 2010, Princeton University
did a study where they measured
if money is really correlated with happiness.
And they said that happiness does increase with wealth
but the correlation, peaks at earning $75,000 per year.
So basically,
if you start to earn more than $75,000 per year,
your happiness does not improve that much more.
The narrative in the modern-day world is that,
if you don't have a lot of money, you are a loser,
you are unreliable, you are worthless
and you aren't good enough.
Rich people, celebrities, social media stars
are glorified and celebrated for showing off their wealth
and you'll see photos on Instagram of them
hashtagging success and they'll have a car, a jet,
they'll have jewelry or just having expensive clothes on.
And they say to the whole world,
that this is what success looks like.
And the general world view is that,
money will make everything better.
I feel like I have a very unique perspective on this topic
because I've spent the past two years
traveling all around the world while making money online.
I've had a ton of freedom being able to
create my own schedule, doing what I wanted
and when I wanted to do it.
But, I did all of that while initially,
only making around $40,000 per year, which
I guess, that means I couldn't have actually been happy
according to social media and Instagram.
I started to really think about this money topic
after I'd went on a date with a dentist
that I had met in Sydney, Australia.
It was a Thursday night and we were grabbing drinks
at my local bar.
And we got on the topic of her career.
As we started to talk more and more,
and as she started to drink more and more, she hinted
that she makes around $300,000 per year.
She asked me if I had any plans for the weekend
and I told her that I was going to fly to Brisbane, tomorrow
to visit a friend.
And she asked me,
"Dade, don't you work tomorrow, it's Friday?"
And then I told her that I make my income online
and I have systems in place,
that allow me to only work for a couple hours per day
and sometimes even zero hours per day.
When I told her that, I could see her face
was filled with jealousy and envy and she said,
"Man, I wish I could do that,
"I wish I had a job like yours."
And I laughed and I responded with,
"Really, you have a very successful job,
"you're totally, financially-free,
"you can buy whatever you want and you want my job
"which makes a fraction
"of what you are currently making now?"
And she responded with, "Yeah, I have a lot of money but
"I don't even know what to spend it on.
"I don't even have time to spend it.
"The only thing I splurge on,
"is getting massages a few times per week
"because my job is so stressful."
I think when a lot of guys think about money,
this is what they think.
I need money to get the girl of my dreams.
I need money so I can travel.
I need money to have freedom.
I need money to feel confident and to be happy.
Let's take a moment and actually look at,
what money provides us
and we'll start with the topic, of women.
A lot of guys think, that having money
equals having beautiful women around
or that money equals meeting an amazing girl
and settling down with her.
And it's true, that money can help you meet the right girl
but it certainly, is not a requirement.
Money is only one aspect to attraction.
If anything, it shows the girl
that you are the type of person who can achieve things
and provide for a family.
But having money is not the only aspect to attraction
and in my opinion, it's by no means,
the most important part of attraction.
There are other aspects like personality,
having a high self esteem, being funny,
providing comfort for her, being there for her.
I'm somebody who has worked a lot on himself
and I can honestly say, that having money is absolutely
not a requirement to having a fulfilling dating life.
Instead of focusing on money, you would be way better off
working on your inner self, like being confident
and having a high self-esteem.
Now, let's look at the second topic
which is freedom and travel.
And this one is by far, my favorite one.
For some reason, people think that you need a lot of money
in order to travel, and this is totally untrue.
The only expensive part about traveling, is flying
and you can even do that cheaply if you're smart about it.
You can see on my screen right now
that I can fly to Thailand from Los Angeles for only $450.
I traveled all around Australia and Europe
while only making $40,000 per year.
So, I had achieved freedom while not having a lot of money.
The next one, confidence.
Many guys think that having money will give them confidence.
They think that, when I have money,
I'll be able to walk into a room and feel good about myself.
I can hold my head up high and people will look at me
and they will respect me.
Now, the process of starting your own business
and making money, can provide you with this confidence
but having money, by itself,
does not actually provide this for you.
Experiences and achievement is what gives you confidence.
And once again, I had achieved confidence
without having a lot of money.
And last but not least, happiness.
I think it's interesting how people still think
that money will make you happy despite
95% of the rich people saying that money
does not provide you with happiness.
When I was making $40,000 per year
while traveling and having a ton of freedom,
I was way happier than a lot of wealthy people who had
no time, they were really stressed,
they didn't even like their job.
However, they had more money in their bank account.
So, once again, I had achieved this
while not having a lot of money.
So, by this point, I bet at least some of you
are thinking to yourself,
I've heard so many guys like this talk about money.
He's talking about how money is pointless, how it's stupid,
how I shouldn't want money,
and that is actually, not what I'm saying.
There is nothing wrong with pursuing money
if it's done in a healthy way.
I just think that the reasons
why most people are pursuing money,
because they think it will give them
women, freedom, confidence, just doesn't make sense
because money cannot provide you this.
This mindset is fundamentally flawed.
Thinking that having money
will let you meet the girl of your dreams
is like someone thinking that running every single day
will make them a really good basketball player.
Will money help with meeting someone?
Sure, it can help a little bit.
Will running every day
help with becoming a great basketball player?
Yeah, a little bit, but you can't just ignore
everything else, like the fundamentals of basketball,
like how to dribble, how to shoot, how to pass,
how to grip the ball.
This is what makes you a great basketball player
just like how being confident, funny, caring,
having a high self-esteem, are the fundamentals
of attracting the right girl.
I'm not saying wanting money is bad,
just make sure you understand
why you want money and understand the things
that money can and cannot provide you.
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