Wie mehr Geld dein Leben wirklich verändert

0:00Are there different tiers to wealth that you've noticed too? Like for people that go from zero to 100, 100 to a million. What are those tiers and when do you see diminishing returns? I think Felix Dennis has a a book called like it's like how to be rich I think it's how to be rich I'll teach you to be rich or how to be rich something like that. Anyways, it's funny but like the first chapter he breaks down like 11 levels of wealth and he says basically after 400 million dollars liquid he's like that's when you're truly wealthy.

0:28And he's he was you know he was worth that much money. He's like at that point it's like you can really do whatever you want. I do think that the jumps are much smaller in the beginning in terms of what makes it really big difference. I think going from anything to about six figures a year is a material change. Um I think going from like you know even 10,000 with 20,000 a month is a significant change. Going from there to about 40 or 50 is another change and if we think about like how we're defining the change it's usually like what are the variables that affect someone's daily living. So it's going to be where they live um the you know the schools that their kids can go to the vacations they can take where they can stay uh the food they eat the clothes they wear. Like those are all but almost all of those are affected mostly I'd say like up to kind of like that 1% earning level which is about 500,000 dollars a year.

1:12Now you can live a baller lifestyle 500 but not really save anything and so if you're a responsible saver it really depends on your saving um I'm actually a lot like Grant believe it or not even though I I I spend money because Leila spends money but like by percentage of income I spend a very small percentage of my income. Um and so it really just depends on your appetite for saving versus spending. Uh and I think that's entirely personal because it's really just a question of risk. Like how much risk am I willing to take on. But um beyond that there's that's just a ratio but after that it's like you know you're you you have nicer nicer houses you go on nicer nicer vacations you travel private you know maybe that's at a couple million bucks a year you start traveling private.

1:55After that again it's like it's just like you're buying boats and you're buying houses. Like there's you can't at a certain point you really can't consume any more of it. Um I will say this is that I do think that and this is controversial. Um but I do think that money um because you know they they had a study it's like up to 70,000 dollars a year um and now like inflation adjusted it's probably closer to 100. I actually think it it go it continues to go up beyond that but I think the problem is that people have a skill deficiency in terms of how to spend money.

2:21I think most people know how to spend money effectively up to 100,000 dollars a year in terms of how to make their life better but they don't know how to spend it above that in terms of like things that improve their lives. Like I I think but I think it's a learnable skill. I think you can get better at spending money uh to make your life better and so for me things that make my life better are going to be things that buy me time back um things that basically are all the annoyances and frustrations in my life if I can pay to make those go away. Those are things that net enhance um and then long-term in terms of purpose it's like if you find something meaningful you can actually devote real resources and make a change or an impact which I think is you know Yeah you should see the updated study on that. That whole 75,000 dollars thing was debunked. Uh no it was that was [clears throat] done in a in in a different country with so they they did one they did one recently.

3:05Uh well within the last 10 years of the United States and they found that I think it was about 150,000 dollars was where you get peak dollar to value ratio. It continues up high >> diminishing returns and they found that it the diminishing returns really stopped about 650,000 dollars a About top 1%. >> They found that over a million dollars a year you actually have lower quality of life and I'm guessing it's because you have more problems stress career issues uh or maybe friends are not friends with you or you have fake people around.

3:37Which is another like a whole other thing. But it was really yeah 650, 700 grand and then it just kind of tapers after that. I would that seems super super believable but like after you know five or 10 million dollars a year in income like the next strata is like I don't know 25 maybe 30, 40 million a year in income like where you can do like even you know crazier things I guess but at a certain point when you can buy the hotels you stay at it's like like whatever. I don't know. I don't have a need for a mega yacht.

4:08I think Leila wants one though. You should buy a hotel. >> [sighs] >> Don't say too loud. >> [laughter] >> Real quick I'm going to show you the exact 10 stage road map from zero to 100 million plus that less than 1% of companies finish I've now done multiple times and so I can say with a lot of confidence that these are the stages as head count increases that you need to get through and I broke each of these down by eight different functions of the business what the constraint feels like like what are the symptoms of it when you're going through it and then what steps we actually took to graduate and we've done this across software physical products service businesses brick and mortar all of this and it works and it's my gift to you it's absolutely free and so the link's in the description but you just go acquisition.com/roadmap just enter your info and it'll spit it right back to you offer free.