Short YouTube monologue arguing that conventional warnings against ‘get-rich-quick’ schemes have caused people to tolerate slow, lifelong poverty. The speaker contends that wealth depends on the speed (time-rate) of earning—making a large sum quickly confers richness, whereas the same sum earned over many years does not—and therefore endorses speeding up revenue generation.
Chapters
Warning. Beware of the get rich quick scheme. No, you've heard that. Because I've heard it my whole life. Beware the get rich quick scheme. We've all been warned about the get rich quick schemes. Guess what? Nobody warned us about the stay broke for the rest of your life scheme. Maybe that's why so many people are poor. Because they were warned about getting rich quick. Almost nobody's rich because they weren't warned about staying broke for the rest of your life. And the dangers of that. I submit to you that while you should not seek to make fast, easy money, should seek to speed up the rate at which you earn revenue. Why? Because wealth is measured more in time than it is in money. What do I mean by that? If you make a million dollars, are you rich? It depends. How long did it take you to make it? You make 25,000 a year for 40 years. Made a million dollars, but you're not rich. Why? It took you too long. If you make that same million dollars in a year, you're rich. Why? Because you made it faster. So I submit to you that there is some merit in getting rich quick. In fact, when people ask me if the stuff I teach is a get rich quick scheme, my answer is always the same. You better hope so, because you're not going to be here long enough to get rich slow.
