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Valuetainment

Income Gap Between The 1% and The Rest Explained

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Valuetainment Episodes

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4.81.7K Ratings

🗓️ 16 March 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

In this video Patrick Bet-David breaks down the difference between those who are performers with those who do well and compare them to the rest of people. Subscribe for weekly videos http://bit.ly/2aPEwD4​ 

To get the PDF Text: 310.340.1132 or click the link here: https://www.patrickbetdavid.com/income-gap-one-percent-explained/

Transcript

Click on a timestamp to play from that location

0:00.0

So I want you to think about your biggest competitor where to you, that person's like,

0:03.0

oh my gosh, I can never beat him because I feel they have a special gift that I don't have.

0:08.0

Pat, you don't understand. There's no way I can beat this person.

0:11.0

Today, I'm going to share with you why you can beat that person and how they

0:14.8

beat you by one simple thing called the gap. I'm going to explain this thing called the gap.

0:21.0

And by the end, when you see this, a Picasso painting isn't going to make you as much money as

0:27.6

this one principle that I'm going to explain to you in a second. And at the end, I'm going to

0:31.2

give you the PDF for you to get access to this one. So let's get right into it.

0:33.9

So, Mark, if you give it a little closer, I want you to look at this here, okay? Here,

0:38.3

I have four different charts. At the bottom, you're looking at first quarter Q2Q3Q4 of 2021,

0:43.8

and it goes Q1Q2Q3Q4 of 2022, et cetera. The dark red is the top one percenters of your

0:52.0

industry. Maybe that's the person you compete up against that intimidates you the most,

0:55.9

where you say, there's no way I can compete with this person. Then you got the top 10 percenters.

1:00.2

These are people that are making quarter million to half a million dollar a year income.

1:03.3

Maybe they're guys that are maybe ahead of you in the small business, but they're not

1:06.4

getting a one percent and you got the 20 percenters and you get the 80 percenters, which is the

1:10.1

ones at the bottom of your industry. They're not really your competitors. Maybe you're a part of it,

1:14.0

and you want to kind of work your way up. Now let's get right into it. So, what makes the one

1:18.0

percenter the one percenter? If you come over here on this side, I have a ranking from 0 to 10.

1:24.3

What the 0 to 10 shows is the level of focus of people at different levels. Eight means that's

1:32.0

their level of focus, meaning they are very focused and then you have 10 being at the highest level.

1:36.7

If you look at the one percenter, no matter how much crisis happens in their life, they don't go

...

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