The differences between the two largely comes down to discipline and decisions.
“Broke people buy things.
Wealthy people leverage assets to buy time.
And the craziest part about it is that there ain’t that much difference between the broke and the wealthy.
The difference lies largely in the quality of consistent personal decisions.”
-Ray Zingler on Twitter
One of the biggest mindset shifts I’ve made over the last decade is my interpretation of wealth and success.
I’ve studied successful & unsuccessful people.
And call me naïve, but I don’t think the above people have fundamentally different objectives.
I don’t think either one of them desire to be failures. I’d wager they both want to be successful.
The difference though, in my opinion, comes down to the quality of their consistent decision making.
And I know many will start fuming and start spouting off the:
“The world’s not fair!”
“Some people have less opportunities!”
“Some people have less resources!”
“It doesn’t work like that!”
And I agree, I really do believe some have easier roads the others, but I only partially agree.
And the reason I only partially agree is because I have too much data that tells me those “high school rejects” who started out in the trade world as plumbing apprentices and HVAC mechanics are ‘making it’, and plenty of data that shows me those kids who were born on 3rd base with every resource under the sun still manage to screw it up.
Here’s a text I sent to a buddy this past weekend, and you can argue “well some people can’t..” and again, I agree, but MILLIONS could do (something like) this, we’ve just societally demonized this:
‘18-25.
Live at home and eat with your parents.
Landscaping – 40 hours a week 50 weeks a year at $20/hr.
That’s 2,000 hours/year that will yield $40,000.
$40,000 x 7 years.
$280,000.
You save 90% by living and eating at home.
At 25 you’re still a baby with $250,000 in your bank account.
Let’s say you can only save 50% because tattoos, liquor, and a few bad decisions.
You now have $140,000 as, still, a baby.
What this means is that as a dip shit with a weed eater, classified by society as a loser, you have more in savings and more financial stability than 99% of humans who walk on earth with college degrees.
Then at 25, with a healthy savings and experience, leverage your savings to buy time to spend the way you want to.
You probably know a thing or two about people, the world, and business at this point. Wink wink.
Just an example.
