How much money do you need to fly private, drive a tiny yacht and just enjoy the pleasures
of life without working day and night? How much wealth do you need to accumulate that
your only job will be to make sure you invest that wealth wisely and live off the interest?
Let's say you need 2.5 million dollars a year, which should cover all of your expenses. Let's
be conservative and assume a 5 percent interest annually, which means you need to generate
50 million dollars of wealth. Now the question is, How many multi-millionaires in the US
have at least $50 million of net assets or more?
Surprise surprise! Not many!
There are a total of 89,510 people in the United States with net assets of at least
$50 million. This number equals 50.9% of the ultra-high net worth individuals over the
world. Over half of ultra-rich people in the entire world are in the US.
So what are your chances of becoming one of them, 0.027%, so good luck!
The problem is that most people chose a mediocre life and prefer immediate gratification rather
than put in the effort now and be rewarded much much later. Building wealth takes a lifetime,
the overnight stories you have heard are usually exceptions, or it might have taken these people
decades to become an overnight success. But what's certain for sure is that, most ultra-successful
people follow a set of rules and principles that sets them apart and provide them with
an unfair advantage to get everything in life. And in this video, we are going to take a
look at a few of them.
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When asking for help, appeal to people's self-interest, never their mercy or gratitude.
So, how do most people ask for help? If they
need something, they would call their friends, neighbors or anyone and would ask directly
for help but get disappointed for being always rejected.
In fact, the first people you would probably call for help is someone whom you helped in
the past because you assume that if you helped someone, they owe a favor, but often people
find ways to ignore that. That's why successful people try to align their interests with the
person they are asking for help. Once people see that they can get something
by helping you, their resistance to your requests for help will magically fall away. At each
step on the way, you must train yourself to think your way inside the other person's
mind, to see their needs and interests.
2. Act like a king to be treated like one If someone is poorly dressed and seems broke
and homeless, would come and tell you: you know what? If you just work hard and smart!
You are going to be rich and successful!
What is your reaction going to be? You are not going to take him seriously because
he looks broke.
On the other hand, if you have someone who is driving a Ferrari and dressed properly
would give you the exact same advice, you will get excited and take it seriously. And
that's how it works all the time. If you want to be treated in a certain way, you have to
look in a certain way.
Don't expect to be chased by women when you look like a broke college student. Don't expect
people to buy your product or service when you look like you are barely paying your bills.
You want people to do business with you? You want people to trust you? You want them to
work with you?
Dress properly, talk as if you are that wealthy, respected person. No one is going to take
a deep look into your pockets! The impression you give by the way you look is going to determine
how people are going to treat you.
3. Avoid the unhappy or the unlucky This one might sound a bit controversial,
but it's important. There are people who love to be the source
of negativity, trouble, and misfortune. You talk to them for 15 minutes, and they will
tell you how terrible the world is, how politicians are ripping us off, and billionaires are destroying
the planet and creating wealth inequality. His neighbors are dumb, so he constantly fights
them. He can't find a common language with his parents because his parents are selfish,
egoistic people who only care about themselves, so he smokes, drinks, and lives a mediocre
life. What's the point of doing anything when the
entire world has united against you. Listen carefully - Avoid this type of people!
In fact, avoid every person who constantly brings trouble in your life, even if it is
your friend, girlfriend, or relative. Never underestimate the dangers of infection.
Those misfortunate among us who have been brought down by circumstances beyond their
control deserve all the help and sympathy we can give them. But there are others who
are not born to misfortune or unhappiness but who draw it upon themselves by their destructive
actions. Avoid them at all costs.
4. Learn to keep people dependent on you
A few weeks ago, I was talking to a friend of mine, and he was complaining about how
his company does not care about him. I was really surprised, because why do you
think your company should treat you like an angel when you are just an accountant clerk
who just inserts the data into excel. I mean, how difficult is it to replace? There are
hundreds of thousands of people who are grudging from accounting schools every single year,
and all of them can easily replace you because what you are doing is not difficult to learn.
That's why you have to become irreplaceable, either by doing something that's really difficult
to do or if you have an ordinary job, your commitment to your job, your discipline and
exceptional communication skills will make you irreplaceable.
Make others dependent on you. To get rid of
you might spell disaster and your boss won't dare even to think about that. There are many
ways to obtain such a position. The easiest way to have a talent or a creative skill that
simply cannot be replaced.
5. guard your reputation with your life People will never know what is inside you.
They will only judge you based on your appearances, the way you look, the way you are dressed,
the way you talk and behave. And that's a very powerful tool you can use. be whoever
you want to be deep inside, but the image that people will have about you is entirely
in your hands to control. Successful people carefully craft an image
of themselves that portrays honesty, Integrity, Responsibility, Kindness and so and so forth
so that when they sell you something, you instantly trust them. Especially politicians,
they might be the worst people in the world, but they make sure to make you believe that
they are the best people in the world. I am not saying if that's is bad or good.
I will leave that for you answer, I am just going to state a few facts.
6. Play to people's fantasies
Reality often harsh and difficult. And people always want to believe that there is a quick
way to get what you want. Instead of working hard, being disciplined, just take my 69 steps
course. It will turn you into an overnight millionaire. And people buy into that.
Let's be fair. That's not unique to the self-help industry. Grocery stores are filled with junk
and unhealthy food that are filled with more sugar than you should consume, and as people
are getting conscious about their health, companies are coming out and presenting us
with healthy alternative junk food with just a different name and calling it healthy. In
fact, sugar is named in 56 different names, such as Dextrose, Fructose, Glucose, Dextrin,
and many others. And people buy into that. Like it or not, that's not going to stop anytime
soon. Politicians who are going to propose quick, immediate solutions to complicated
problems will always win.
7. Use absence to increase respect
Scarcity creates value. Remember the supreme shirts. There was nothing special about these
shirts, but because there were a limited number of them, people stood up in lines for hours
and paid hundreds of dollars if not thousands, for a single t-shirt.
That's why gold is expensive, and diamonds are even more expensive because they are scarce.
And that applies to everything else, including yourself. If you are always around, if you
talk too much, people will no longer take you seriously. If you want people to value
your presence, disappear from time to time. The less you peak, the more unpredictable
you become, which makes it riskier to insult you or disrespect you for example. Everything
in the world depends on absence and presence. A strong presence will draw power and attention
to you—you shine more brightly than those around you. But at some point, too much
presence creates The opposite effect: The more you are seen and heard from, the more
your value degrades. You become a habit. No matter how hard
you try to be different, people respect you less and less. It is a game of hide—and~seek.
The 7 rules we have discussed are from the
book 48 laws of power by Robert Greene. Those who have read the book have realized that
already. At the end of the day, wealth is power and power is wealth. The more powerful
you can get, the wealthier you will become. But power is a social game, its the ability
to understand people and play to their weaknesses. At the end of the day, once you make enough
money to fulfill your basic needs, you will want respect, attention, and admiration and
you do not necessarily need money to get that if you know how power works.
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