Doesn’t mean you’re the smartest. People may think a wealthy person is smarter because they have accomplished things or have the wealth most people don’t.
You know when you come across someone that’s not only smart but gets where you are coming from? Paris Dean gets it and gets me more than most of my friends that went to school with me lol. I reached out to him on Facebook August 26th, 2020 and said I love this posts, and would he be ok with me sharing EXACTLY what he wrote? He said yes. At this point, after reading this and several others, there’s no need for me to write something like this at this time. Have you ever come across something that was so perfectly written that you wish you wrote it yourself?
THIS IS IT.
Without further ado. Paris Dean
Disclaimer: This is for learning purposes only. Reading this does not guarantee you will make money.
Let me tell you something.
Just because someone has a lot of money does NOT mean they’re smarter than you. Or even smart at all. I talk to them ALL day long and it’s rare that I don’t think to myself “Howdafūq did YOU make all this money?!”
But then I realized that wealthy people have ONE skill: they’re good at jumping through portals of opportunity (they’re everywhere) and executing, and it doesn’t take ANY intelligence to do that. None.
They get a small opportunity and they execute. They get a bigger opportunity and they execute. They get an even bigger opportunity and they execute. Opportunity. Execute. Opportunity. Execute. That’s it.
The problem is people who are easily satisfied with things stop looking for portals of opportunity the first time they get something OR are dissatisfied when the *first* opportunity isn’t big enough to a) stroke their ego or b) get them the thing they wanted…so they stop.
(Example: the person who complains about making $10/hour at McDonalds because it’s not enough to pay for that 34.99% APR Charger they want, so they quit.)
Having “things” isn’t the goal for wealthy people, and the things they do buy are a) proportionate to their wealth and b) to help them enjoy where they are until the next portal opens/get to their next portal.
(Example: Jeff Bezos bought a $120M mansion, but he’s also worth $170B. Beyoncé bought Jay Z a $40M private jet, but she’s worth $400M and made more than $100M that year. Beyoncé would never spend $380M on one thing and then stop.)
There is no correlation between wealth and how much of a thing you can do yourself (unless that thing is software or digital and can scale exponentially without input from you). There’s only one of YOU and only so many hours in a day YOU can do that thing. Wealth is a byproduct of the number of opportunities you successfully execute on.
Now how wealthy people execute on those opportunities is another subject that I won’t go into because ethics, but the goal is and always should be more opportunities.
There’s been a lot of talk the last few years about which company will hit the $2 trillion mark and it gets investors excited enough to go buy more shares.
But no one really explains what that means.
Market Cap, short for market capitalization, is the trading value of all of the company’s shares of stock.
The equation is:
# of outstanding shares x market value = market cap.
If a company has 1 million shares of stock and each share is trading at $50, that company’s market cap is $50 million.
But just because a company has a market cap of $50 million doesn’t mean that that company has $50 million in cash. It doesn’t really mean anything for the company, but it does show that leadership is doing its job.