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If you had to build a fort in 60 seconds, you’d build it differently than if you had a weekend.
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Key takeaways
- You don't understand the value of enterprise value.
- If you want to move up levels, you need to play a different game.
Chapters
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00You don't understand the value of enterprise value. Of course, you build net worth without taxes, but it's fictional numbers that can't liquidate. I like cash flow, hard cash. Thanks to B L C C T G J. And so, if you say I want cold hard cash, cool, bro. You want to pay your rent, I get it. After you're done paying your rent and after you pay your house off and after you pay for your parents' house and after you pay for their cars and your cars and your kids' schools and all of that, there's still cash flow coming in. And then you're like, "Well, I want to upgrade my Okay, great. And then I want to vacation. Cool, costs 100 grand if you want to be a baller. Okay, then what?
0:35Right. Then you want the most efficient tax vehicle for building wealth, which is your enterprise value. Said differently, there's levels to this game. If you want to move up levels, you need to play a different game.