Understanding The 3 Types Of Money - The Key To True Wealth

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 14 December 2022

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you think people actually get rich? Like really, really rich?

It isn't from generating a few more thousand dollars a month in cash flow.

In this podcast Ryan talks about the difference between enterprise value, or equity in businesses, versus making cash and taking profits from a business.

Understanding these 3 kinds of money is the key to becoming truly wealthy.

If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch Ryan's FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode

Transcript

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0:00.0	There is nothing I enjoy more than being on stage.
0:07.0	Being in front of, especially entrepreneurs, talking about things that I know will be impactful for them, is literally an out-of-body experience for me.
0:15.0	Do you have those moments that you feel completely in flow?
0:19.0	Like it doesn't matter what happens. You know that you are on top of it. You know that you're going in flow. Like it doesn't matter what happens.
0:21.6	You know that you are on top of it.
0:23.6	You know that you're gonna crush it.
0:24.6	That is the stage for me.
0:26.6	Being the center of attention, I guess,
0:29.6	while talking about things that I'm confident in,
0:31.6	like business and philosophy and religion,
0:34.6	if there is a stage, put me on it. I was in Miami a couple of weeks ago giving a talk to entrepreneurs and I shared with them
0:44.3	a thought process around the three types of money.
0:47.3	And when I shared this with entrepreneurs, there were light bulbs that went off across the room.
0:52.3	I could feel the energy shift in the room because
0:54.6	these are entrepreneurs who are running really profitable businesses, businesses that make
0:59.6	millions of dollars in some cases. And there were some people who were just starting out,
1:03.3	but it was mostly really high-level people. And there was several people in the room who
1:09.4	I've admired for years who were coming up to me asking
1:13.5	for my help because of this concept that I taught. And it's the idea of prioritizing enterprise
1:20.6	value instead of cash flow. So here's how I explained it. There's three types of money.
1:26.5	The first is cash flow. We all know what that is. That's profit. That's what you can it. There's three types of money. The first is cash flow.
1:28.1	We all know what that is.
	...

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