T. Harv EkerI teach you how to master the inner game of wealth - because if you don’t win there, you don’t win anywhere.

Why Entrepreneurship Is So Important To Creating Wealth

Name: Why Entrepreneurship Is So Important To Creating Wealth
Uploaded: 2021-07-06T15:01:17+00:00
Duration: 1 min 27 s
Channel: T. Harv Eker
Description: T. Harv Eker argues that owning your own business is the best way to create wealth because it removes limits on income. He uses a tennis-positioning…

6 Jul 2021 · 1 min

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1:27

T. Harv Eker argues that owning your own business is the best way to create wealth because it removes limits on income. He uses a tennis-positioning analogy to show you must put yourself in position to hit the shot (create wealth), cites research that 90% of self-made millionaires did so through business, and states "Wealth Rule #1: no limits on your income," contrasting business ownership with being paid for time (salary/hourly) which caps earnings.

Questions this video answers

90% ("The research shows that 90% of all self made millionaires did it in their own business.")

July 6, 2021

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What I especially like about owning your own business is that you have put yourself in a position where creating wealth is at least possible. I want you to think of it this way. Let's say you're playing tennis, okay? And the ball comes, it comes way over here, okay? It's over here. Now the first thing you have to do is you've got to get yourself into what? You got to get yourself into position to be able to hit the ball. You can't hit a good shot from back over here, right? You can't do that. Same with wealth. With wealth you have to give yourself a chance. And your best chance comes with your own business. The research shows that 90% of all self made millionaires did it in their own business. Why? Because. Listen closely now. Because of what I call wealth. Rule number one, no limits on your income. If you are in a job or you get paid a set salary or even any situation where you get paid by the hour, that means you are being paid for your what? Your time. And here's the issue. There's only 24 hours in a day for everybody. And since your time is therefore limited, your income is limited. And you've broken, you've broken the most important rule of wealth. Again, no limits on your income.