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When I say rich, let me give you my parameters. This is the number one source of wealth for me. It’s health. If you’re healthy, you have a tremendous amount of wealth. People who that their health for granted have never been really sick. I mean sick where you are laid up for months.
When I’m talking about being wealthy, I’m talking about having the ability to control your time. That is the second source of wealth, to me. I’ll give you an example. I’m doing this video right now and I’m also running errands. I’m making money and I’m also saving money at the same time. I can control my time.
The next source of wealth is knowledge. If you have your health, time and knowledge then you can get money. You can always get money. But, most people chase money for the sake of chasing money with little regard to the construct of how money is gained. You can make money while you sleep or while you’re on vacation, if you understand how income is constructed.
Once you understand how income is earned, you will have a different mindset. The fear of working for yourself will go away because it’s a plan and a system and a process.
Your biggest problem on YouTube and the internet is discoverability. If you have a crappy video but you have a mechanism to be discovered, you will do so much better than someone who has an awesome video that no one knows about. There are plenty of videos like that on YouTube. The videos are awesome and they have no views because the person doesn’t understand how YouTube works.
This is another tip for some of you YouTubers, because I see it a lot. People get pissed off at YouTube or they get tired of the trolls, so they shut down their channels and they delete their videos. That’s a bad move. The longer your video is up, the older it is and if it continues to get views, it goes higher up into the YouTube ecosystem.
Having your videos out for a long period of time is a very important asset. I only deleted the videos I had to delete. They were just horrible. There were some videos I thought about deleting, but I left them alone. One of the ones I thought about deleting that wasn’t that great has 6000 views. Next year it will have more views. Then the next year it will have more.
The reason I am talking about this on this video about getting rich is because information is one of the greatest sources of wealth there is. Notice when I gave you the chain of wealth, there were three things that actually came before money. Most people understand the concept of getting rich as having a lot of money.
Those that have a lot of money understand the concept of being rich is having control of your time and building stuff and having control of your environment. That’s true wealth. When you are the King of your world literally, you are rich. That’s wealth.
I’m trying to teach you to play this game. Get yourself healthy. Get yourself to a point where you can control your time. Then acquire as much knowledge as possible about your subject of interest. Find out what’s going on in the world. Read. Write. Ponder. You will see some things that other people will miss because they’re not paying attention to what’s going on in the world.
I’ll give you an example. YouTube is one of the best things to happen to me. I don’t care how many changes they make. I don’t care what rules they implement. I am a YouTube diehard fool. When you look at what they give you for free. I actually get paid for this. When I think about that it boggles my mind because some complain about the ads. A YouTube channel is a form of wealth. You have your own voice. You have your own media channel. At no point in history could the average person go in their bedroom and put up a video and have it go literally around the world. That is what you get from YouTube for just a contribution of your time.
When I say health, time and knowledge being part of wealth, they are equally important. If people understood the power of YouTube, they wouldn’t do the stupid stuff they do on YouTube. YouTube got me three reality TV show opportunities. YouTube got me my first real week of book sales. YouTube got me a ton of new and interesting friends around the world.
I know that the work I do today is how I get paid tomorrow. So, I am working my ass off today.
Let’s move away from a discussion of wealth on a purely fiscal basis. It is your health, knowledge and time that will make you money. If you don’t have those things and you don’t have control of those things, the money you make will be severely limited.
Most people work a certain number of hours and get paid for those hours. When you move to a paradigm of how much value can I create, it’s a different ballgame. I have a book I wrote in a week under one of my pen names and it does not make a tremendous amount of money. It took me a week of my time to write. I’ll say it took me about 20 hours.
That book routinely makes $30 to $50 a month. I wrote that book 13 months ago. So, that book has made me $1000 for 20 hours of work so far. If that book only makes me $20 a month for the next ten years, I am thrilled, because each month that book sells, I get paid more and more per hour.
It is a big jump to move from trading time for dollars to trading value for dollars. It is a much longer relationship. When you trade time for dollars, once you get paid, it’s a wrap. That’s why I love being a creative person. I can create something this year and get paid for it the next ten years. I don’t know of anything else out there where you can do that legally. I know there are stocks and stuff, but I am just talking about something you create with the tools you have.
Now, let’s talk about another form of getting rich. Let’s talk about creativity. We live in times that are staggering for those who take the time to educate themselves. These are great times.
These are the best of times for me. Instead of being road kill because of change, I am exploiting change. I don’t care how old you are, at some point you can decide to exploit knowledge. There is no age limit where you can’t exploit knowledge.
I want you to wake up with a smile on your face each day. I don’t live with an alarm clock, and I haven’t for maybe ten years. This is what I want you to know. When you control your time, you control all of it.
So, get your health together. Get your time together. Get your knowledge together. Get your creativity together and you can be tremendously wealthy. Those things that are tremendous on their own can get you the money.
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