Your circle determines what information you access. Fund managers pay $30,000 a year for data terminals tracking ships and jets in real time. Most people rely on free apps instead, which is why the wealthy stay ahead.
How important is the issue of your circle in wealth creation? Is everything.
When I say independent learning, there are two ways. There's one you learn in books, but there's one that they are not written. You have to be informed about it. That's why at the level your banker becomes your best friend. Something happened recently, but I would just say it's codedly. Someone got into oil, and a few weeks later we see what's happening in oil.
Yeah, you feel that's the power of information?
Yes, it's not coincident. There's a terminal that's large fund managers use. It cost about $30,000 per year. On that terminal, you can see where every ship vessel is, where every private jet is. Now look at it, someone also in the same market you are in is using a dashboard that cost $30,000 a year. You, you're using a free app and you think you are making the same decision.
So it is important that you have relationships and people that you can get to have firsthand information. But what is information where there's no capital?
I believe that there are certain things you can trade to get certain information or to get into certain circles. For example, maybe you get a job now. Yeah, if you understand— that's what they call office politics. If you understand how to grow, who to make happy, you would grow. The same thing in business also. You know the customers to make friends with, you know the customers to go the extra mile for, you know the customers to send packages to, even though you're still a small business. But we understand that I'm not just trying to do business, I really want to grow something. Right, there are some people you are keen on. There's a way someone pursues you that even you start taking the person seriously. True. But because the average person would say, ah, his own pride is too much. Meanwhile, this person have reasons to be proud. This person have done well for themselves, so why should they just open to you? I know someone that every time I go to him, we have pictures that I cannot post. We take picture, we take video, we laugh, but I dare not post it. Why is that? I dare not mention his name.
Why is that? He doesn't want to be known. I know many extremely wealthy people. Yeah. And extremely powerful people who don't even want to be known. In fact, I know some of them who don't even have 300 followers. Of course. I think that the poor and the wealthy are living in two separate worlds. They may share the same planet, but two different worlds.
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