The Real Reason You Aren't Making Millions #money

25 Mar 2023

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Neel Dhingra challenges the claim that favorable interest rates alone explain high earnings, arguing that business income is characterized by peaks and valleys. He notes people often expect a single big win (e.g., one more favorable circumstance) to deliver long-term wealth, but only a fraction actually capitalize on such opportunities.

And I know a lot of people are saying, well, Neil, you made $4 million last year because rates were at 3%. Well, then why didn't you make that much money? I'm just wondering, just curious. I mean, if that's all it took was low rates, why didn't you make the kind of money? And the truth is that this business is all about peaks and valley. And when there's geek, everybody says they just need one more of those and they're going to capture enough money to ride off into the sunset. And for some reason, only a fraction of people actually take advantage of it.