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The My Wife Quit Her Job Podcast With Steve Chou

590: Why People Dumber Than You Are Millionaires (And What You Must Do Now!)

The My Wife Quit Her Job Podcast With Steve Chou

[email protected]

Marketing, Business, Entrepreneurship

4.81.4K Ratings

🗓️ 14 May 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

In this episode, I’m going to break down exactly why people who are likely dumber than you are killing it in business. Then, at the end, I will share with you the secret of success that I learned from running my own businesses. What You’ll Learn Why smart people tend to stay broke The number 1 reason people don’t succeed How to flip your mindset to take action Sponsors SellersSummit.com – The Sellers Summit is the ecommerce conference that I’ve run for the past 8 years. It’s small and intimate and you’ll learn a ton! Click Here To Grab The […]

The post 590: Why People Dumber Than You Are Millionaires (And What You Must Do Now!) appeared first on MyWifeQuitHerJob.com.

Transcript

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0:00.0

Welcome back to the podcast, the show where I cover all the latest strategies and current events related to e-commerce and online business.

0:07.0

Now, in this episode, I'm diving into something that might surprise you.

0:10.6

Why people who don't seem particularly smart or qualified or building multi-million dollar businesses?

0:16.0

Success isn't about being a genius.

0:18.1

It's not even about having the perfect plan.

0:20.5

A lot of the time,

0:21.4

it comes down to taking action, embracing risk, and thinking differently. Enjoy the show.

0:31.4

Welcome to the My Wife Quitter Job podcast. Today's episode is a little bit different. It's a personal

0:38.9

story that perfectly illustrates just how unpredictable the path to success can be. So about 20 years ago,

0:45.2

I went back home to visit my mom over the summer and I happened to run into an old classmate of mine from high school.

0:51.4

And back in the day, this classmate of mind wasn't known to be

0:54.2

the brightest guy in school. I remember one time, a group of us were discussing our SAT scores,

0:59.3

and he blurted out that he got a 700 on the test. And when we asked him whether he got a 700

1:04.5

in our verbal or a 700 in math, he just said, yep. Anyway, I naturally assumed that he was working in some dead-end job, making minimum wage,

1:13.5

but I was shocked to learn that he owned multiple apartment buildings and his own construction

1:17.9

company.

1:18.9

This guy was loaded.

1:19.9

And even though I was doing okay, making about 100K as an electrical engineer at the time,

1:24.5

I was a pauper by comparison.

1:26.9

And at that point, I remember thinking

1:28.3

of myself, what the hell is this guy's secret? How did he start a successful construction

1:33.2

company because it was dumb as rocks in high school? And this threw me for a loop because my whole

...

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