Profile picture
Danny Roars @DannyRoars
, 6 tweets, 2 min read Read on Twitter
So you want to understand money?

LeBron James recently signed a 4-year, $153.3 million contract.

The crowd: "Why does he make this much money? He's ONLY a basketball player!"

The answer is value. He allows people to escape, to believe they are in a different world.
The crowd: “But wait! How come teachers and nurses make so much less? That’s not fair!”

The market does not reflect fairness. It shows what people value.

When people go to a casino, they value the entertainment.

When people watch basketball, they value LeBron James.
It turns out many people watch basketball. Therefore, LeBron James is valuable to society. Therefore, he gets paid a lot of money.

The market does not care about the greatest societal benefit.
How does this apply to you?

Do not worry about providing the greatest benefit to society. You don't need to start a non-profit to make money.

You need to provide some sort of value to someone (for a large price) or a lot of someones (for a lesser price).
Make sure you are ethically comfortable selling whatever you choose but after that focus on selling it.

Do everything in your power to get it into the hands of the consumer.

It is your responsibility to provide this value.

Otherwise, you won't get paid.
Provide value to more people, make more money.

Because LeBron James is highly valuable to many, he makes many monies.

Be like LeBron.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Danny Roars
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!