You need a system to build wealth, not just hope. Treating your finances like a hobby gives you hobby-level results. The speaker compares it to running a business: develop a strategy, learn finance, and build a repeatable system.
Because if you don't have a strategy, if you don't have a plan, then it's kind of like you're wandering around in the dark and hoping you're going to trip over the right— trip over financial freedom. And people do not trip over financial freedom. They create it and they systematically and strategically move towards it. But without a strategy, you're straight out gambling and investors don't gamble. As an investor, you've got to start treating your financial life and your wealth creation Like a business. If you treat it like a hobby, then guess what? You're going to get hobby-like results. Okay, you're running a wealth creation business, and that's why you've got to treat it— you've got to treat it that way, which is why you have to get yourself educated. You have to build a strong foundation. You have to get a system to be able to build your wealth. So first level is all about strategy. And that's your plan moving forward.
