Thread by @cbassg16

How to become wealthy In simple 4 steps (HARD)

From poor immigrant to top .01%

As some of you know, I grew up in a less than ideal way

Parents divorced, 3 siblings, mom never home

We lived in a two bed room apartment in Detroit, 3 boys in one room, my mom and sister in the other

Right now I’m top 1%

1.) Perception

2.) Education

3.) Operation

4.) Repetition

1.) Perception

We do what we know and our experiences pave our perceptions.

My mom still cooks soup using the same Romanian method that her mother taught her.

There are other soups and different ways but she does it the way she knows.

When I was a kid I had 1 paid of shoes, they weren’t very nice shoes.

When I saw classmates coming to school with 3-4 styles of shoes the world changed.

I learned something new and my perception was premaritally different, “its common to have more than 1 pair of shoes”.

It was only until I learned that It was normal that I strived for it.

This was in the form of begging my mom to buy me more of course.

Similarly, if you don’t think you can have a million in your checking, it simply won’t happen.

“The man who thinks he can and the man who thinks he can't are both right.”

It sounds silly but it’s actually vitally important that you believe you can.

> “I want to be free”
> “Its not uncommon for people my age to be free”
> “I have the ability that everyone else does to learn and work hard”
> “I can be free just like they are”

There are people your age that are self made millionaires, its very common these days. Against heavy odds, I’m one of them, theres your proof of concept.

Are you an idiot? No. Can you read, write and learn? Yes. Ok next step

2.) Education

You know you can do it but how do you start?

Go figure it out.

I won’t give you some useless math to make It seem easy. It’s not easy (At first).

I will tell you this,

**the more useful you become, the more dollars you will make**

“The more you learn, the more you earn”

Are you essential key part to a 10 million dollar company? No of course not.

Do you know how to make businesses more money? Do you have any value to provide to them in any way? No.

Do you know how to market? Or design things? Nope.

Do you know how to trade crypto, maybe you can find a great way of trading and grow your capital. Uhh, no.

Can you at least to simpler things, like copy writing, email marketing, or even just managing a social media account properly? No…

You have no skills, and you will not be paid.

Go find people on the internet, learn what they do, pick something you’re drawn to, and learn about it.

Eventually, your skills will be mobilizable, and the more skillful you are, the more you will make.

Value = dollars

My heart is failing and my life is on thin ice. I need someone that has the skills to preform a heart transplant.

Value = $$$$$

My business is failing and I cant figure out why, I’m going to pay someone with a lot of experience to diagnose my company.

Value = $$$$$

I do data analytics for a company, I’m easily replaceable.

Value = $

For me, it went like this:

> Learning about rental properties

> Getting RE license to save up for properties

> Drop-shipping to make money in mean time

> Youtube to help people and make more money

> Spent years learning marketing, psychology, sales.

> Use my PB for affiliates and brand deals

> Learned to trade stocks

> Learned to trade crypto

> Flipped a house

> Google ads agency

> Consulting to big brands

> Helped fund crypto projects

> Developing multi 7 fig house

I have built myself a toolset of skills, I’m useful and therefore getting paid.

Be useful.

3.) Operation

Once you learn what you’re going to make your money off, it’s time to get to work.

We are all so addicted to instant gratification, but you won’t find that here. It will be hard.

You are going to fail over and over again, until you learn how to not fail in those ways. Then you will fail in new ways, more complicated ways. You’ll get past them.

It will suck for a while, then it will get better.

They key here is persistence, UNDER NO CIRCUMSTANCE will you give up. It would cost you more pain and time. Forward only.

You need to work the hardest you’ve ever had for the crumbs, as you become more useful, you will work less than ever for the entire pie.

Real Estate:

Building a 500k house

- 8 months, 150k profit.

Building a 5 Mil house

- 12 months, 1.5 Mil profit

Building a 100 Mil apartment complex

- 2.5 years, 30 mil profit

Construction Company

First client
- Hard labor, costly mistakes, low profit

20th client
- Easier labor (employees), less mistakes, more profit

100th client
- No more labor, less mistakes, even more profit.

The more money you have, and the more useful you become, the easier it will all get.

Slow and steady growth every day will eventually exponentially explode.

“The compound effect” <— read that book.

4.) Repetition

Now repeat 2&3 with new industries or within your skill niche.

This is how simple it is.

Easy and simple are not equal.

Most people give up because they don’t get immediate gratification.

It’s going to suck for 6 months, then one day it will be worth it.

Then the next 3 months might suck but again, one random day something will happen to you that made it worth it.

Most people give up because they don’t know what they are after.

Money, cars, and girls all over you won’t fulfill forever, I promise.

Why are you doing this?

Cant figure it out? Then don’t do it, you’re wasting your time.

You know why you’re doing it?

Are you sure?

Okay so theres no other option.

Get to work.

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