Exploring The Real Secrets of Wealthy People
You're now listening to Hack & Grow Rich with Shaahin Cheyene and his co-host Bart Baggett. You talk to wealthy people. They're going to tell you they're lucky. They're going to tell you, hey man, I just got lucky and I'm passionate about this thing. They don't want to tell you that you know what, I'm smarter than you. There are people smarter than you and not only that, I'm more ruthless than you, I'm more aggressive than you. I know how to manipulate people more. I know how to exert influence in the right ways. These are things that people will not tell you. These are things that people will not share with you. You have to be more aggressive. You have to be relentless. You have to have enemies. You have to go out there and fail. You have to be able to take risks and you can't do that if you're broke.
Trickle Up Economics Explained
So now you're going to go buy $1,000 worth of product from distributor A This MLM. And for those of you guys who don't know, it's multi-level marketing effectively. And I hope I'm not offending anybody involved in multi-level marketing, but many people do believe that it is very similar to a Ponzi scheme. Because the people at the top of the pyramid, make money, every time product is sold down the line.
Are You A Leader Or A Micro Manager?
People who do impossible things, people that are leaders are generally broad-stroke guys and what I mean by that part is that they don't tend to get overwhelmed by the details. The people who are generally not hugely successful are far more concerned about the specialization and the this and the that and the little details of things which is the reason why rocket scientists aren't the wealthiest people in the world.
Avoiding The Investor Accountability Trap
Yeah, distribution first is a key. One that we talked about. We had great distribution with vape here. The other one was if you can help it don’t take investors. I was all excited about people wanting to invest in my company and putting money in my company and then I realized that oh dude I’ve got like 14. I’ve got to answer to now and that really was a difficult time for me and then when it came time to sell the company and have a nice exit and sell to another firm I realized that I was being held back by investors that couldn’t agree.