Brad Hart explains why entrepreneurs need to pay their dues instead of chasing every opportunity. He argues that doubling down on what you know builds wealth faster than spreading yourself thin across new ventures, and that learning costs money.
Chapters
Pay your dues. It's part 11. I'm running out of fingers. Gotta use my toes for time tested rules for accumulating wealth. You've been here, you get it. The wealthier you get, the more options you have, which means the more loopholes may apply to you. So for the more opportunities that come along, it's important not to confuse financial success with financial sophistication. Just double down, triple down, 10x down on what you already know and continue to grow your income. Don't get squirreled out on too many possibilities and opportunities all at once, because everything comes with a learning curve. Cost, tuition, to learn how to do well. Now, this is the last video on this miniseries. I know. Just go back and watch the other parts of the series if you missed them, because I don't want you to miss a lot of good golden nuggets. I don't know how the algorithm works. It might go in order, it might not. I don't know. I'm pretty sure I'm also stuck here, so I'll see you next time.