4.8 • 1.7K Ratings
🗓️ 7 December 2020
⏱️ 3 minutes
🧾️ Download transcript
Patrick Bet-David shares a story and lesson of a kid that bought 200 Playstations and a week later made $40,000.
Watch the video here: https://youtu.be/CUWnqaRxmao
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0:00.0 | You know I get messages people say Pat it's so hard making money today. You don't understand how tough things are. I'm struggling so bad and look I understand you're struggling |
0:07.6 | But no matter how bad the economy is there's always ways to make money always I just heard a story a couple days ago kid |
0:14.9 | 21-22-year-old kid ends up going on the day PlayStation comes out by his 221 |
0:20.6 | Playstations sells it a week later, makes $40,000 in one week. |
0:25.0 | Let me say this one more time. He buys 221 Playstations for $499 a piece. |
0:32.0 | A week later on eBay, he sells each of them between $700, $2,000 makes $40,000 in one week. |
0:38.3 | Now somebody may say you're watching the same Pat, I don't have a hundred thousand dollars to buy 200 Playstations. |
0:44.8 | Can you buy 20? |
0:46.1 | Can you buy two? |
0:47.1 | Can you buy 10? |
0:48.1 | Let me give you a story about myself on what happened years ago. |
0:50.9 | I leave Morgan Stanley Dean Witter. When I leave Morgan Stanley Dean Witter. |
0:52.8 | When I leave Morgan Stanley Dean Witter, they didn't get my license up. |
0:55.3 | It took six months for me to get my license. |
0:57.4 | There was a product back then before there was smartphones. |
1:00.4 | This is old school when there was no such thing as speakers. The phones didn't have |
1:04.9 | speakers. This is 2001, 2002 we're talking about. This product came out called |
1:09.8 | Clipping Talk. These clipping talks, you would clip on your phone here, okay? You'd press a button on the |
1:16.6 | clip and talk, then you go to radio station 88.7. The speaker would go to your |
1:22.3 | car and you would put it such a old school ghetto product, but people were fascinated by it. |
1:29.0 | This is how it would sell out. |
1:30.0 | We would get in the car and would say, John, take a look at this. |
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