4.8 • 793 Ratings
🗓️ 10 July 2023
⏱️ 24 minutes
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Entrepreneurs are used to getting quick wins and losses but true wealth is built slowly, over decades.
Once we except that we can look at investing through a different mindset and plan differently for our future.
Even hitting long-term goals as big as a $100 million net worth are possible with the right strategies.
In this podcast Ryan shares how if you save consistently for over 30 years, these big numbers can really come within reach.
To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:
http://www.Capitalism.com/Million
Timestamps:
(0:00) - Intro
(1:20) -Wise Words From Warren Buffett
(4:45) - Fast Cash vs. Wealth
(8:00) - The Biggest Mistake Entrepreneurs Make
(11:20) - Inflation & Cost Of Goods
(16:30) - The Tax Strategies Of The Ultra Wealthy
Click on a timestamp to play from that location
0:00.0 | Something I've been thinking a lot about lately is how quickly the world has changed in the last few years. |
0:09.0 | And unfortunately, I think it has given us a distorted view for how quickly things can happen. |
0:15.0 | And so one of the lost arts of the last few years is thinking very, very long term. But as the world has settled down |
0:23.5 | at least a little bit, and I have started to think more about long-term projections rather than |
0:29.1 | the short-term survival of my family during a pandemic or the short-term survival of my business |
0:36.0 | while the world shuts down, or the short-term wins in |
0:39.5 | the stock market when you buy at the bottom and things 3x over 18 months. These are all |
0:45.8 | incredible changes that happen in a short time. But as the world sort of quiets a little bit, |
0:51.7 | and I think much more long-term, I start to realize that if you're |
0:56.4 | 45 years old or younger, you can retire with $100 million just by extending your time horizon. |
1:03.9 | If you do the right things for a very long time and you think about things in decades, rather than thinking year to year or month |
1:13.5 | to month, it is very, very difficult to not become insanely rich and insanely successful. I once heard |
1:21.6 | Warren Buffett say that if you do a few things well and you have a very long-term game, that it is difficult to not |
1:32.2 | become absurdly successful and very rich within your lifetime. |
1:36.3 | The first time I heard him say that, I didn't quite know what he meant. |
1:40.5 | And so I started researching more about the people who follow his thought process when it |
1:46.0 | comes to investing. And I came out with the same conclusion that it is very hard not to become |
1:51.4 | super wealthy if you do a few things for a long period of time. In fact, I think you can and should |
1:59.0 | retire with $100 million, especially if you're under 45 years old. |
2:03.6 | I did a reaction video to Bradley, who was calling out Nancy Pelosi, the former Speaker of the House, |
2:11.2 | for being totally corrupt. He was saying that no one in government should have $100 million |
2:16.6 | not worth because they only make $150,000 a year or so. And I totally get his point. But there's a much simpler explanation to his story and that is that Nancy Pelosi has a wealthy husband. And so she doesn't have to live off any of her salary. And therefore, |
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