Becoming A Millionaire Monk: Build Wealth In 1 Hour/Day w/ "Asymmetric Bets"

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 26 February 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There is a reason Billy Murphy’s name has been mentioned more than any other entrepreneur on Ryan's recent podcasts.

He doesn’t do a lot of media but many of the world’s most accomplished business owners turn to him for advice.

In recent years he has made more money than ever by leaning into what he calls “asymmetric bets” - business and investing opportunities that have really high upside with limited downside.

In this podcast Billy shares his thoughts on creating clarity, finding purpose in your life, and focusing on what really matters to make you millions and come into alignment with your highest purpose.

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Timestamps:

(0:00) - Intro

(4:00) - Billy Made Millions Investing In Apple

(18:50) - Understanding Desire And Higher Level Thinking

(21:00) - Selfless Service

(31:00) - Putting Your Mental Energy In Asymmetric Bets

(39:00) - Buying Yourself Freedom

(47:00) - The Monk Next Door

(52:00) - Escaping The Matrix

(59:00) - The Relentless Pursuit Of More

(1:14:00) - Stop Switching Games

Transcript

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0:00.0	Hey everyone, welcome to capitalism.com. I'm really nervous for you to watch this episode.
0:09.0	I don't really know how to set it up except to just share with you that I have a friend who has been very
0:14.7	influential on the way that I view this chapter of my life, and he has been influential for
0:20.6	several of the people that have
0:21.9	been recently on the show. You may remember that they have referenced this mysterious man named
0:27.5	Billy. And Billy is here on the show to talk about the transformation that he has gone through.
0:32.8	It's a transformation that not only resulted in a personal quest for peace, but it also resulted in him
0:41.7	creating more money than he did through the entirety of his career leading up to this point.
0:49.8	And the reason for that is because once he had the clarity, space, and peace of mind,
0:57.0	to not be in this chaotic and reactive world, what we often refer to as the matrix in this conversation,
1:05.0	but then he could put his attention on things that were what he calls asymmetric bets, things that had really high upside
1:13.6	with limited downside and with one good decision, with one clear intent, he was able to
1:22.1	create more wealth than the years leading up to that point in totality. And yet he has been able to do that while
1:31.5	maintaining a very quiet life. And so Billy has this very rare combination of having an immense
1:40.3	amount of free time, having almost nothing on his mind, and being able to pursue whatever he
1:46.9	desires. That, I think, is the best example of freedom that most of us may ever have. And he has
1:55.5	started to influence the way that my peers and I think about our lives and our opportunities. And it has shown me
2:02.8	just how much I crowd out my creativity with noise and busyness on things that really don't matter.
2:11.5	And that if I were to cut those out, I could start to create a life that looks different than
2:16.6	what I have now. Even though I have a wonderful life, I could have much more a life that looks different than what I have now.
2:17.5	Even though I have a wonderful life, I could have much more peace.
2:20.9	And Billy has served as an example for me that you can have a lot of peace while creating
	...

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