How the Rich Get Richer | Ep. #570

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 21 February 2018

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #570, Eric and Neil discuss how the rich get richer. Tune in to hear in which businesses you should be investing in. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How the Rich Get Richer [00:37] The way Neil makes more money is that he “invests in what he knows”. [00:53] He invests in his business and its marketing. [01:08] If you invest in yourself, you’ll get the highest ROI. [01:15] Neil has lost the most money investing in things he didn’t really understand. [01:48] Warren Buffett says the best investment you can make is in yourself. [01:55] There are two ways to invest in yourself: knowledge and your business. [02:15] When you invest in yourself, no one can take that away from you. [02:59] Once you build a business, you’re able to see your goals more clearly and see that you should invest in yourself. [03:50] Neil was doing a wire transfer the other day and the banker tried to pitch him on investments. [04:20] The perfect response to this kind of pitch is to tell them you don’t believe in investing. [05:08] Eric and Neil regret investing in long-shot, but great-sounding opportunities. [06:04] That’s all for today! [06:07] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school
0:14.5	with your instructors Neil Patel and Eric Sue.
0:19.4	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your page speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a
0:49.3	great way to improve your load time. Welcome to another episode of marketing school.
0:55.0	I'm Errit Sue and I'm Neil Patel and today we're going to talk about how the rich get richer.
1:00.0	So Neil, I mean you're pretty rich, how do you get richer? I'm not really rich, but sure, you can assume I am.
1:06.1	Let's assume you are. The way I get make more money from my money is I invest in what I know.
1:13.1	And it's funny for me it's marketing.
1:14.7	Everyone talks about like, oh, you can do a lot of Bitcoin stuff.
1:17.8	You can do a lot of real estate.
1:20.7	You can do a lot of stock market.
1:22.1	You should do hedge funds
1:23.6	i stick with what i know if i don't know it i don't understand it
1:27.2	yeah sometimes i may find people who can help me out
1:30.0	but by investing in myself i find that this is the highest ROI.
	...

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