“Wealth arises from sacrifices that provide advantages.”
LESSON 4-53 REMINDER
Video transcript: In every goldfish pond, we always find one fish to be larger than the others. The large goldfish has a size advantage. Due to its size, it will continue to outgrow the other goldfish in the pond. And its advantage is the key to its growth.
Similarly, you can grow your own size advantages in life.
It doesn’t matter how old you are today. It doesn’t matter what mistakes you’ve made in the past. It doesn’t even matter if you feel overwhelmed and stressed out now.
By gaining the slightest advantage, wherever you are in your life, you can gain wealth in the future. It’s all about gaining an economic advantage.
How do you gain an advantage for wealth?
When you want massive change, you need to commit your entire life for a while to create massive changes. It won’t be easy, but it will be temporary.
What does this sacrifice look like in the real world?
You’ll drive used cars. You’ll live below your means. You’ll work overtime and weekends, maybe even have two or three jobs. You’ll watch very little television. You’ll educate yourself. You’ll constantly revise your plans. And all excess money will go into your savings. Your excess money is off-limits for spending. It’s the seedlings of your fortune.
And when you’re rich, you’ll see that these temporary sacrifices gave you advantages. Your savings grew into investments that earns passive income.
Wealth is possible, regardless of where you are today, if you are willing to sacrifice, and then continually rework your plans to grow your advantages.
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