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You get rich from what you make.
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Key takeaways
- You should only have to get rich once.
- In other words, don't bet what you have in need for something you don't have and don't need.
Chapters
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Abschnitt 1 You should only have to get rich once.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00You should only have to get rich once. In other words, don't bet what you have in need for something you don't have and don't need. And some of the gravest mistakes I made manifested in, for example, me getting into a partnership that I shouldn't have gotten into because I wanted even more faster. Now, when you get into a partnership, which is usually the time where you put the most risk on the table. One is you guarantee the largest decrease in your earning power. You can pay with the most expensive thing you have, which is equity, to somebody else. And so people get obsessive about what their their you know 5% 10% later when we're making money, but day one they're like, all right, we cut the pie in half. Up, we cut the pie in the thirds. Right up front before anything's really happened.