He said, Ty, the ideal business is one where you sell ever-increasing units at ever-decreasing costs.

Out of the ashes you will rise. If you feel sad, lost, depressed, finances are in the gutter.

Social life, you're lonely. Out of the ashes, you will rise.

You're in my garage. Invest in yourself. Always be curious. Don't be a cynic.

Sleeping on a couch in a mobile home with only $47 in my bank account.

When everything's burnt to the ground, when your sad loss is depressed, and everything's at

rock bottom, you get to rebuild the exact and precise way you want the damn thing rebuilt.

Health, wealth, love, happiness, each of these four gold.

In case you missed the last episode, make sure you go back and check it out.

Here's what went down. You and I are probably touching some of Bill Gates money right now in your bank.

It's recirculating throughout the world.

Coming up today. So they pay a million bucks once for the right to play a replay movie over and over and over.

Would you rather own Spotify or Netflix? I'm going to give you my opinion,

our little entrepreneur lesson here. Here's why I'd rather own Netflix.

Now they're both great businesses, okay? It'd be great to own either one,

but here's why I like Netflix better. Spotify has a business model that they pay a percentage of

their profits to the artists, which is actually great because it's helping out artists.

But from a business standpoint, the larger they grow, their costs go with them. Let's say they give

70% in cost. The bigger they get, the more their costs grow. Netflix, on the other hand, they buy

from what I understand their movies outright. So they pay a million bucks once for the right to

play a replay movie over and over and over. So as they grow and they just grew to a hundred million

people paying them $10 a month. That's a billion dollars. Their costs shrink as their revenue goes up.

...