Seek Wealth, Not Money or Status

Automatic TRANSCRIPT

What's the difference between wealth, money and status wealth is a thing that you really want wealth is assets at earn while you sleep wealthiest the factory that the robots as cranking out things wealth is the computer program that's running at night that serving other customers wealth is even money in the Bank that is being reinvested into other assets and into other businesses, even a house can be a form of wealth because you can rent it out. Although that's probably a lower a productivity but land and actually doing some commercial enterprise. So my definition of wealth is much more businesses and assets that can earn while you sleep. What really the reason you want wealth is because of buys your freedom. You don't have to wear a tie like a Colorado nets. They don't have to wake up at seven AM in rush to work and sit and commute traffic. So you don't have to waste away your entire life. Frightening on the productive hours into away to a sold this job that doesn't fulfill you. So the purpose of wealth is freedom. It's nothing more than that. It's not the Byford code. Or dry Ferraris or sail yachts or jet around the world new Gulfstream that stuff gets really boring and really stupid, really fast. It's really just so that you are your own sovereign individual. You're not gonna get that unless you really want it and the entire world wants it in the entire world is working hard at it. And to some extent of this competitive, it's a positive sum game. But there are competitive elements to it because he's a fine that amount of resources right now in society and to get the resources to do what you want. You have to stand out money is how we transfer wealth money is social Credit's. It is the ability to have credits and debits on other people's time. If I do my job, right? If I create value for society society says, oh, thank you. We owe. You something in the future for the work that you did in the past. Here's a little I owe you let's call that money, and that money gets debase because people steal the I us the government prince extra. I o us people renege on their I owe us, but really what money is trying to be. Is trying to be a reliable. I owe you from society that you are owed something for something you or someone who gave you the money did in the past, and we can transfer these I'll use around so really money is how we transfer wealth there fundamentally to huge games in life that people play one is the money game because money's not gonna solve all your problems, but it's gonna solve all your money problems. So I think that people know that they realized that's so they wanna make money, but the same time many of them deep down believed that they can't make it. They don't want any wealth creation to happen. So they sort of virtue signal by attacking the whole enterprise by saying well, making money is evil. You shouldn't do it, blah, blah, blah. But what they're trying to do is. They're actually playing the other games the status skin. They're trying to be high status in the eyes of other people watching by saying, I don't need money. We don't want money and then status is just your ranking in the social hierarchy so wealth is not a zero-sum game. Everybody in the world can have a house because you have a house doesn't take away from my ability to have a house if anything the more house. Is that are built the easier. It becomes to build houses, the more we know about building houses, and this the more people that can have houses so wealth is a very positive sum game. We create things together. We're starting this endeavor to create this hopefully piece of art that explains what we're doing at the end of it something brand new will be created a positive sum game status on the other hand is a zero-some game debris old game. We've been playing it since monkey tribes, then it's higher article who's number one number two who's number three and number three to move to number two. Number two has to move out of that slot. So status zero-some game politics is an example of a status game. Even sports is example of a status game to be the winner. There must be a loser. I don't plan to mentally love status games. They play an important roller citing. So we figure out who's in charge, but fundamentally you play them because they're a necessary evil. The problem isn't illusionary basis. Like, if you go back thous of year status is a much better predictor of survival than wealth is you couldn't have wealth before the. Farming age before farmers says he couldn't store things hunter-gatherers cared everything on their backs. So hunter gatherers lived entirely in status based -ociety farmer. Started going to wealth bay societies in the modern industrial economies are much more heavily wealth based societies. But there's always a subtle competition going on between status in wealth, for example, when journalists attack which people or the attack the technology industry, they're really bidding for status they're saying. No, the people are more important an eye. Journalists represents the people in there for I am more important. The problem is that by playing these status games to win the status game you have to put somebody else down. That's why you should avoid status games in your life. Because they make you into an angry combative person y'all fighting to put other people down to put yourself in the people that you like up, and they're always going to exist. There's no way around it. But just realized that most of the times when you were trying to create wealth you're actually getting attacked by someone else. And they're trying to look like a goody two shoes. Really what they're doing is. They're trying to up their own status at your expense. They're just playing a different game. And it's a worst game. It's a zero-some game instead of a positive sum game.

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