4.8 • 826 Ratings
🗓️ 28 August 2023
⏱️ 6 minutes
🧾️ Download transcript
What are 7 things poor people do that the rich don’t? Discover what the rich tend to do for themselves, both in their personal and professional lives. How they make thoughtful and informed decisions about spending, saving, and investing.
In this episode, Dan Lok reveals some beliefs and habits that could keep you poor.
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0:00.0 | Seven things poor people do that the rich don't. |
0:20.0 | Number one, poor people watch TV |
0:23.8 | and rich people read books. |
0:25.8 | How many hours you spend in front of the TV |
0:28.5 | and when was the last fucking time you read a book? |
0:31.6 | How many books do you read per year? |
0:34.4 | Number two, poor people get paid based on time, rich people get paid based on results. |
0:41.9 | Let's say you're working at McDonald's. You may be the best floor cleaner on the planet ever, |
0:46.7 | but what value do you bring to McDonald? Rich people we get paid based on results, not time |
0:53.4 | invested. |
0:54.5 | Let's say we're working on a product. |
0:56.0 | We spend a year creating, perfecting the product. |
0:59.1 | We bring it to the marketplace and it sucks, it bombs, |
1:02.4 | it doesn't make us a dime, the world doesn't give a fuck, |
1:05.2 | we don't make money. |
1:06.2 | Nobody cares how much time, blood, sweat, and tears |
1:09.8 | we're put into creating a product and bring it to the marketplace, how much risk, blood, sweat, and tears were put into creating a product and |
1:11.6 | bring it to the marketplace. How much risk that we take? They don't care. What they care is |
1:16.7 | results. That's why the highest pay athletes in the world. They don't get paid by how many |
1:23.8 | hours they practice. How many times they invested. No, it is how much they perform. |
1:30.9 | They get paid based on performance. |
1:34.0 | Number three, poor people, |
... |
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