meta_pixel
Tapesearch Logo
Log in
DarrenDaily On-Demand

The Brutal Truth About Making Big Money

DarrenDaily On-Demand

Darren Hardy LLC

Business, Careers, Entrepreneurship

4.91.8K Ratings

🗓️ 4 October 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Why do people react so strongly when it comes to wealth inequality but not other skills like painting or writing? Darren Hardy reveals the hidden trap that most people fall into when thinking about money—and it may be the reason why many fail to create lasting wealth.

Attend the October Business Master Class - HardyBMC.com/DarrenDaily

Get more personal mentoring from Darren each day. Go to DarrenDaily at http://darrendaily.com/join to learn more.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Darren Daily on demand, your most trusted resource to help you become better every day.

0:07.0

Here's your success mentor Darren Hardy.

0:10.0

Like playing chess, painting or writing novels, money making is a specialized skill.

0:20.0

But for some reason we view and treat the skill of moneymaking differently.

0:24.5

No one complains when a few people surpass the rest at playing chess, painting, or writing novels,

0:29.8

but when a few people make more money than the rest, we get editorials and protest saying that it is

0:36.3

raw.

0:37.3

Why is this?

0:38.5

The pattern of effort and skill variation is no different than for any other skill, so what causes people to react so strongly

0:46.1

when the skill is making money? I think the biggest factor is what I call the B of MD trap or the bank of mom and dad trap.

0:55.0

I'll explain.

0:56.0

When you are five years old, you think electricity is created by the electric sockets.

1:02.0

You don't realize that there are power plants somewhere way out there

1:05.6

generating the actual electricity. Likewise, it doesn't occur to kids that wealth is something

1:11.4

that has to be generated.

1:13.0

It seems to be something that just flows from parents.

1:17.0

Because of how children encounter it,

1:19.0

they tend to misunderstand wealth.

1:21.0

They confuse it with money. They think that there is a fixed amount of it

1:26.1

and they think of it as something that is distributed by authorities rather than something that has to be created.

1:32.6

Because kids are unable to create wealth themselves,

1:36.1

whatever they have, has been given to them.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Darren Hardy LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Darren Hardy LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.