*31 Days* "You'll Never Be Broke Again!" What Billionaires Knows and The Poor Don’t

if I were to give you a choice of a single cent single penny that doubles every day for 31 days or a million euro in cash right now how many people take the million in euro so what is the route control factor if we were to boil everything down to the most core controlling factor to all the results in your life what does it come down to your life is controlled by one factor there's only one thing that will determine whether at the end of a life you end up living here or whether you end up living here there's only one thing one thing that determines whether you end up driving this or whether you end up driving this your whole life comes down to one thing what's the one thing it all comes down to choices your whole life is nothing but the accumulated compound effect of the choices you've made up to this moment right now your waistline is nothing but the accumulated compound effect of the choices you've made up to this moment the size of your business your bank account the intimacy of the relationships in your life are all just an outcome the compound of choices you've made up to this point success is not a result of some heroic feats nobody you see on the cover success magazine did anything heroic it is not because of some grand act of bravery success is a result of small seemingly insignificant moments two moments choices the only thing that separates them from you is that accumulated compound effect of those little choices that created dramatic differences in results these small choices add up to big gargantuan differences in results if I were to give you a choice of a single cent single penny the doubles every day for 31 days or million euro in cash right now how many people take the million in euro alright last offer okay pennies doubles every day for 31 days or three million in euro right now right here today how many people take the 3 million in your own well let's say that you were paying attention and you said small things add up the big results I better pick the small thing there's a clue there and let's say that you pick the penny okay but your neighbor your neighbor at home pick the 3 million euro in cash so now we're gonna start proceeding in life we get five days down the road and your measly penny is worth sixteen cents okay while your neighbor has three million dollars in cash and you can hear the parties going on next door right when you get ten days down the road your penny has become five euro and twelve cents it's not until we get to day 31 that we see the dramatic outcome of this compounding pity where your penny has turned into ten million seven hundred thirty seven thousand against their paltry three million compound choices are the eighth wonder of the success world because the same choice you make between day one and day two is exactly the same simple small easy choice at day 32 day 31 but the outcome of those choices are dramatically different stop looking for the quick fix for success happiness and wealth there's no shortcut there's no cliff notes there's no quick fix you are going to walk through a minefield day in and day out of hard freaking work because success is earned one day at a time every day you lift your head up off the pillow you're going to decide whether that day you are a success or whether you are a failure you're either moving forward or you're falling behind one step at a time every step you take away from the bed as you walk through your day you were either going in the direction of success or you're going in the direction of failure it is one decision at a time at the moment that you're making a choice the consequences the outcomes or the results are invisible it doesn't look like it's having any impact whatsoever so you can get faked out you see every single one of these choices has what you can also call a butterfly effect one little itty-bitty choice over here ten fifteen years later and there's a tsunami in your life either positive or negative well the first thing you need to do is to just have patience even though you don't see the results in the moment you have to know that the compound effect has been ignited and every choice you make ignites it and fuels it and it will stretch yourself out of our 10 15 20 years before it reveals its results to you we are constantly bombarded with an ever increasingly sensational marketing gimmickry with claims about how you can get rich get fit get younger get sexier all overnight with very little effort for only three easy payments of $39.99 gimmicks are taking people who really want to learn I want to provide more for my family I want to send my children to the great universities and they're pursuing these answers and they're constantly being derailed and distracted and here's the reality there is no silver bullet there's no magic pill and for God's sakes people there's no friggin secret so now you could just sit on your couch imagine checks coming into your mailbox do that too long and they will come and take your couch the truth about the process of earning not winning not arriving but earning success that process is in itself very mundane the process is frustrating and sometimes it's even gut stomping heart crushingly defeating but hey that doesn't make for interesting books or exciting infomercials or riveting movies so instead were paraded around with all these other visions of what it takes to be successful but those are just shiny objects and not the truth and then the end you can never own success do not stagnate too long in your victory because you can never own success you can only rent it and the rent is due every single day it is not what you know that determines the results in your life see that is a myth knowledge is not power it is the potential of power but it is not power in and of itself power is only created in what you do with what you know look there are a lot of really smart people who are geniuses who are broke because knowledge is not something you can take to the bank it is only action that produces results 44% of doctors who tell you how poor eating and lack of exercise will kill you and these people 44 percent of them are overweight there's a difference between knowing the path and walking the path in life you will suffer one of two pains the pain of discipline or the pain of regret and as Jim put it he said the pain of discipline weighs ounces picking up the phone going to the meeting you're sorry but the pain of regret weighs tons bankruptcy divorce heartache loneliness so as you're out there making your choices ask yourself pain of discipline or pain of regret [Music] you

Channel: Video Advice

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Rating: 4.9045882 out of 5

Keywords: video advice, video advice channel, video advice choose, what would you choose, what would you choose video, 1 mil vs 1 penny, 1 mil vs 1 cent, 1 million dollars vs 1 penny, what billionaires knows, billionaires knows poor don’t, 31 days, never poor again, never broke again, 31 days video, 31 days speech

Id: yNW93y6glxo

Length: 10min 0sec (600 seconds)

Published: Wed Oct 23 2019