Watch on YouTube
When you can expand the time horizon and increase your money measuring stick you’ll start think
This video does not allow embedding, so you get a static preview and a link to the original.
Chapters
-
0:00
Abschnitt 1 You can tell how wealthy someone is by how they talk about two things: time and money.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00You can tell how wealthy someone is by how they talk about two things: time and money. When someone talks about money, if someone's talking about an investment that they're making for $100, $1,000, 100 grand, the people who are using 100 million, those are people who talk about money at a different scale. Their measuring stick isn't in Chipotle burritos. They call a stick a million dollars on Wall Street. That's the measuring unit that they have. In time, if you talk to an entrepreneur and they're talking about what they're going to do today, this week, maybe even this month, versus somebody who's talking about what they're going to be doing the next three to five years, 10 years, 20 years, the longer out they talk about their time horizon, the surer you can be the thing that they're pursuing is big enough. When you are talking and thinking about your own things, when you can expand the time horizon and you can increase your money measuring stick, you in and of yourself will start thinking with more leverage.