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In the past six months, I spent serious time with 18 millionaires and 6 billionaires.
They fell into two surprising categories ๐
They fell into two surprising categories ๐
Net-takers
- Need 51%+ of value from interactions
- Need "what's in it for them"
- Relationships = series of single "moves"
Net-givers
- Give excess value
- Seldom state "what's in it for them" (but know)
- Relationships = multiple "moves"
But then I found the weird part ๐
- Need 51%+ of value from interactions
- Need "what's in it for them"
- Relationships = series of single "moves"
Net-givers
- Give excess value
- Seldom state "what's in it for them" (but know)
- Relationships = multiple "moves"
But then I found the weird part ๐
The richest 13 were net-givers (except one).
They weren't naive either.
Net-giving was THE strategy.
The 2nd richest summed it up well:
"It costs me nothing to help or introduce you..., but one favor...from you could make me a lot.โ
So here's how they actually do this ๐
They weren't naive either.
Net-giving was THE strategy.
The 2nd richest summed it up well:
"It costs me nothing to help or introduce you..., but one favor...from you could make me a lot.โ
So here's how they actually do this ๐
The wealthy use a net-giving pyramid to get 10x value from relationships.
- "Scalable Helpโ Base
Become known for helping with X (eg. me with pricing).
- "Value Bombing" Middle
Go overboard in first X months of knowing new contact (eg. custom advice)
But then comes the top ๐
- "Scalable Helpโ Base
Become known for helping with X (eg. me with pricing).
- "Value Bombing" Middle
Go overboard in first X months of knowing new contact (eg. custom advice)
But then comes the top ๐
The wealthiest folks do something counterintuitive:
They always try to provide more value than they receive with their closest network (typically 3-5 people).
Intros.
Doing custom work.
Forwarding deals.
Lending planes and $$$.
Some even keep an actual ledger.
They always try to provide more value than they receive with their closest network (typically 3-5 people).
Intros.
Doing custom work.
Forwarding deals.
Lending planes and $$$.
Some even keep an actual ledger.
Well, back to the cave.
Keep in mind you don't have to be rich to be a net-giver. It's the best long-term strategy for wealth via network.
If you found this helpful, you should give it a retweet below. Reply if you want more research like this, too!
Keep in mind you don't have to be rich to be a net-giver. It's the best long-term strategy for wealth via network.
If you found this helpful, you should give it a retweet below. Reply if you want more research like this, too!
https://twitter.com/Patticus/status/1684556264062296064
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