A presenter tells a woman earning $50,000 a year that she's paying a $950,000 annual debt by not learning to make $1 million instead. The argument: ignorance has a price, and investing in yourself eliminates it.
Chapters
I remember the first time I heard this, it changed my life. So a guy was on stage and he gave this whole presentation about learning skills and about how you have to invest in yourself to get better, right? And he called somebody in the audience and he said, and as he's saying this, he's doing what I'm doing. He says, ma'am, how much money do you make right now per year? She stood up and she said, $50,000 a year. He asked the lady, he says, okay, so what would make you not want to invest in this? And she says, well, I don't have the money. And he said, you probably don't have the money because you've been paying a really expensive bill every single year. And she's like, what do you mean? He's like, well, right now you've been paying $950,000 a year not knowing how to make $1 million. He said, this is the cost of your ignorance. This is the debt that you carry for the rest of your life until you learn how to make $1 million.