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Wealthy Way

Why Wealthy Individuals Should Be Choosy About Their Business Ventures

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 2 November 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Learn how to say "No."
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Transcript

Click on a timestamp to play from that location

0:00.0

that the highest and best use of my time is attraction because it's the most leverage

0:03.8

thing that I can do period where if you like people that are really wealthy, they get

0:09.9

paid multiple times for doing something once.

0:13.1

So like I've personally brought, let's say, 40 people into the company, but those 40 have

0:18.1

one out and got like 150, let's say, 155.

0:21.9

So that's like like a multiple of 3x, 4x and as it builds out, it'll be 25x, 30x, right?

0:29.3

And I ask myself a question because there needs to be a filter to decide what's worth

0:33.0

my time.

0:34.5

The first one is, does it compound and is it leveraged with those two mental maps?

0:39.2

If the answer's no, it goes away.

0:40.9

I don't even look at it anymore.

0:42.9

The second is, is a filter, can I make at least a million dollars a year doing this?

0:47.5

If the answer's no, it's not worth my time.

0:49.0

I'm not interested because there's a lot of people call me, guy call me yesterday to

0:53.3

create like a flipping company and I'm like, look dude, I appreciate it.

0:57.0

Thank you.

0:58.2

I'm not interested in that at the moment.

0:59.5

I know I can make money doing that, but it's not leveraged and it doesn't compound.

1:02.9

It's just a mechanism to raise cash and I'm not really interested in that at the moment.

1:06.7

Yeah.

1:07.7

So once I put it through those two filters, then I ask myself a question.

1:10.4

Let's say I have two left, right?

...

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