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The $950,000 Debt
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Key takeaways
- He says, "Ma'am, how much money do you make right now per year?" She stood up and she said, " $50,000 a year." He asked the lady, he says, "Okay, so what would make you not want to invest in this?" And she says, "Well, I don't have the money." And he said, "You probably don't have the money cuz you've been paying a really expensive bill every single year." And she's like, "What do you mean?" He's like, "Well, right now you've been paying $950,000 a year not knowing how to make a million dollars." He said, "This is the cost of your ignorance.
Chapters
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Abschnitt 1 I remember the first time I heard this, it changed my life.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00I remember the first time I heard this, it changed my life. So, a guy was on stage and he gave this whole presentation about learning skills and about how you have to invest in yourself to to get better, right? And he called somebody in the audience and he said, and as he's saying this, he's doing what I'm doing. He says, "Ma'am, how much money do you make right now per year?" She stood up and she said, " $50,000 a year." He asked the lady, he says, "Okay, so what would make you not want to invest in this?" And she says, "Well, I don't have the money." And he said, "You probably don't have the money cuz you've been paying a really expensive bill every single year." And she's like, "What do you mean?" He's like, "Well, right now you've been paying $950,000 a year not knowing how to make a million dollars." He said, "This is the cost of your ignorance. This is the debt that you carry for the rest of your life until you learn how to make a million dollars.