Avoid low leverage opportunities — Transcript

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1. 0:00I think it's really important to avoid
2. 0:02low leverage opportunities because you
3. 0:04have a finite amount of time on Earth.
4. 0:06And in this video, I want to go into
5. 0:08what exactly I mean by this. Let's get
6. 0:10started. The best use of your time,
7. 0:12especially when you're early in your
8. 0:14financial freedom journey, is to
9. 0:17multiply your wealth. So, use your time
10. 0:20to multiply your wealth. If you are
11. 0:23using something like a job to increase
12. 0:26your wealth, you're not multiplying it.
13. 0:27for using a linear earning opportunity
14. 0:30because you need to fulfill your
15. 0:32shortterm needs. But the problem here is
16. 0:35that most people keep using that linear
17. 0:38opportunity forever and they keep
18. 0:40working that job. They keep earning a
19. 0:42salary and they keep working to pay for
20. 0:46their expenses until they're 60, 70, 80
21. 0:49and they never put the income that they
22. 0:50get towards high leverage opportunities.
23. 0:52They never use their time towards high
24. 0:55leverage opportunities. So, for example,
25. 0:57low leverage would be you put time into
26. 0:59a job to earn a salary. You put in the
27. 1:01work, but the person paying you benefits
28. 1:02potentially forever while you get a
29. 1:04salary. So, you get, let's say, $50,000
30. 1:06a year. 8 hours a day of your life is
31. 1:09dedicated to that job. You only get paid
32. 1:12once. You never get paid for that time
33. 1:16again. That's a low leverage opportunity
34. 1:18because you literally have no leverage.
35. 1:20All you're doing is you're selling them
36. 1:21your time. You're doing whatever they
37. 1:23tell you to do. They have all the
38. 1:25leverage over you in that situation. You
39. 1:28are just a part of their labor force and
40. 1:30they can fire you. They can hire you
41. 1:32whenever they want to. You're disposable
42. 1:35and very easy to replace. The work that
43. 1:38you do for them, they could potentially
44. 1:39be earning money from it forever,
45. 1:41whereas they only have to pay you once.
46. 1:43For example, let's say you're working a
47. 1:44job where you earn $25 an hour. The
48. 1:46maximum amount of money that you can
49. 1:48earn for that hour is $25. you're
50. 1:51exchanging your time for a finite amount
51. 1:53of dollars and that's your cap. That's
52. 1:56the ceiling for the amount of money you
53. 1:58can earn in that one hour. On the other
54. 2:01hand, if you were to pursue high
55. 2:03leverage opportunities, you put time
56. 2:05into building a service for other
57. 2:06people, you put in the work and you
58. 2:08benefit potentially forever from that
59. 2:11and you could earn a lot more money. You
60. 2:13have to take a risk upfront. You have to
61. 2:16be the one who puts your name behind it.
62. 2:18You have to put in the money to get that
63. 2:20opportunity started to actually start
64. 2:23creating that product. You have to do
65. 2:24everything there, but you're the one who
66. 2:27benefits the most and you could
67. 2:28potentially keep benefiting from it
68. 2:30forever. I'll tell you an example of
69. 2:32this from my personal life. I used to
70. 2:33work a 9 to5 and I would earn about 80
71. 2:36$85,000 per year. That was my ceiling. I
72. 2:38could never earn more than that. I had
73. 2:40already signed a contract. I had signed
74. 2:42my life away for a year and my contract
75. 2:44stated that I would give them a year of
76. 2:46my life and they would pay me $85,000
77. 2:49including bonus and all that stuff. But
78. 2:51that's my ceiling. I can't earn more
79. 2:53than that in that time that I give to my
80. 2:56employer. On the other hand, I create
81. 2:58content now and I created a product, the
82. 3:01Bitcoin Retirement Accelerator, where I
83. 3:03help people to retire 10 years earlier
84. 3:05than they had expected. I have no
85. 3:07ceiling for the amount of money that I
86. 3:08can earn from that product because I can
87. 3:11sell it to as many people as I possibly
88. 3:14can. There's a massive risk there. I had
89. 3:16to put in the time, the effort, the
90. 3:18energy to first of all learn about
91. 3:19Bitcoin, to learn about personal
92. 3:21finance, to apply the strategies to my
93. 3:23own life, to figure out how the
94. 3:25strategies work, to put the strategies
95. 3:27together in a structured format that can
96. 3:29help people to replicate my strategy.
97. 3:32That's a high leverage opportunity
98. 3:33because I can earn as much money from
99. 3:35that as I possibly want and there's
100. 3:37nobody in the middle. Taking a cut out
101. 3:40of the work that I did. I could work for
102. 3:42an employer giving them these ideas,
103. 3:43letting them execute and at some point
104. 3:45they get rid of me. I'm gone. They can
105. 3:48earn $300,000, $500,000, a million a
106. 3:51year. They pay me $80,000 a year for
107. 3:53giving them the idea. Whereas in this
108. 3:55case, I can earn that 300,500, a million
109. 3:58dollar a year myself. A high lever
110. 4:01opportunity will allow you to increase
111. 4:03your wealth exponentially because over
112. 4:04time, if you make the right bets, if you
113. 4:07plant the right seeds, those seeds can
114. 4:10pay you and give you fruits literally
115. 4:13forever. The way that I like to think of
116. 4:15it now is I like to use my time wisely.
117. 4:18I only get to use my time once. I want
118. 4:20to pursue opportunities that will pay me
119. 4:22forever. If I need to pay for my
120. 4:24expenses in the short term, then of
121. 4:25course maybe I'll sell an hour, two
122. 4:27hours, 3 hours of my time here and
123. 4:29there, but my overall goal is to only
124. 4:33pursue opportunities where I keep making
125. 4:35money over time. And the amount of money
126. 4:38that I make isn't tied to the amount of
127. 4:40time that I put into the opportunity.
128. 4:43For example, I could have a half an hour
129. 4:45call with someone qualifying them for
130. 4:46the product that I created and earn
131. 4:49nothing out of it if they don't want to
132. 4:51proceed with working with me. On the
133. 4:53other hand, I could have a half an hour
134. 4:55call and the person signs up for the
135. 4:56program. I make $5,800. I'm offering
136. 4:59them a transformation. They're offering
137. 5:00me real value. My time isn't capped in
138. 5:04value. I have a client who wants to
139. 5:06refer more people to me. So, think of it
140. 5:07this way. I put in the time once and now
141. 5:09that time that I put in is going to
142. 5:11continue to pay me forever if I keep
143. 5:14getting referrals. Before the way that I
144. 5:16used to think was I would work a job and
145. 5:18I would retire with a pension. But I
146. 5:21didn't really think about how risky that
147. 5:22truly was. I didn't think about
148. 5:24inflation, my cost of living going up.
149. 5:26How much will my pension actually cover?
150. 5:28What will my pension actually cover?
151. 5:30What will I actually pay for? What if my
152. 5:32employer goes bankrupt? I never thought
153. 5:34of that. What if the people that I'm
154. 5:35working for, the people that I gave
155. 5:37decades of my life to go bankrupt by the
156. 5:39time I retire? How am I going to
157. 5:41recuperate my losses? How do I get my
158. 5:42time back? What if I die early? What if
159. 5:44I funded this pension? What if you give
160. 5:46social security to your government? Or
161. 5:48what if you pay into CPP and you die
162. 5:52early and you never see the benefits of
163. 5:53that? That's extremely risky. All of
164. 5:56these mean that you don't get paid out
165. 5:57even though you put in the time, effort,
166. 5:59and energy to earn the benefits that
167. 6:02come from that pension. So think about
168. 6:04the risk there. You're not just getting
169. 6:06paid if you get to that point. You're
170. 6:08also putting in some of your time,
171. 6:10effort, and energy today to get paid
172. 6:12later on. Your employer is promising
173. 6:14that they'll pay for your lifestyle when
174. 6:16you're 65, 70, 75 after you stop
175. 6:19working. So at this time, I used to sell
176. 6:21my time to buy the hope that eventually
177. 6:25I won't have to work and I won't have to
178. 6:27worry about my expenses. That's
179. 6:29essentially what my life was before when
180. 6:30I worked a corporate job. And this is
181. 6:32what my time looked like. This is what
182. 6:34my day looked like. It was horrible. I
183. 6:36used to spend my hours from 9 to 10:00
184. 6:39p.m. the day before just getting ready
185. 6:41for work. Hygiene, um, showering, all
186. 6:44that stuff, getting ready for work, an
187. 6:46hour from 9 to 10:00 p.m. Then I'd go to
188. 6:48sleep at 10:00 p.m., wake up at 4:45
189. 6:51a.m. to get to work. I'd sleep 6.75
190. 6:54hours. I don't think that was enough. I
191. 6:56would always be a little bit tired and I
192. 6:58was forced to do it because otherwise
193. 7:00I'd have to deal with traffic and I'd
194. 7:02have to deal with a fully packed go
195. 7:05train. I didn't want to deal with that.
196. 7:06So I'd leave home at 5, get to work at
197. 7:086:30. Spread across the week all seven
198. 7:11days. It was 2.1 hours per day. It was
199. 7:151.5 hours each way. 5 days a week spread
200. 7:18across seven days. I had to get to the
201. 7:20train station. I had a 55minut commute
202. 7:22each way. I had to deal with traffic. I
203. 7:24had to find parking. I'd have to get to
204. 7:26the train 15 maybe 10 minutes before
205. 7:28just to make sure I don't miss it. There
206. 7:30were times where I missed it because of
207. 7:32traffic. It was horrible. I had to wait
208. 7:33for the next train or I had to drive to
209. 7:35work. It was just super annoying. I'd
210. 7:37have to leave home about an hour and a
211. 7:38half before I wanted to get downtown. I
212. 7:40found a way to just build the gym into
213. 7:43my routine every single day. So, I would
214. 7:46go to the gym from 6:35 to 7:50. It
215. 7:50would take me about 5 minutes to get
216. 7:52from the go train station to Good Life.
217. 7:54I'd work out for about an hour, hour and
218. 7:5620 minutes. Then I'd walk to work. I'd
219. 7:58shower at at work and then I'd walk to
220. 8:00work and walking to work was another 10
221. 8:03minutes. And then I'd be stuck in my
222. 8:06office building from 8:00 a.m. to 5:00
223. 8:09p.m. I wouldn't say stuck. I mean, I
224. 8:10think my situation was probably better
225. 8:12than most people's situation cuz I had
226. 8:14some freedom. I could walk outside. I
227. 8:15was downtown. I could go across the
228. 8:17path. Uh the path was basically like an
229. 8:19underground tunnel where you can go to
230. 8:21different shops. You can go to different
231. 8:23buildings.
232. 8:24I had at least a little bit of freedom
233. 8:26to do that. In the time that I was at
234. 8:28work, I was there for 9 hours. In the
235. 8:31time that I was at work, 2 to three
236. 8:33hours was actual work. The rest of it
237. 8:36was just looking busy, trying to look
238. 8:39busy, trying to make it so that it
239. 8:41seemed like I was working hard and I
240. 8:43really wasn't. I just had to be present.
241. 8:44That was the thing. And it was really
242. 8:46annoying because they gave me a salary
243. 8:48to be present, but I hated the job that
244. 8:50I did. I was miserable. I was stuck.
245. 8:52just felt like this is not where I want
246. 8:55to be. And then outside of office hours,
247. 8:58sometimes my manager would email me and
248. 8:59he'd expect a response. He'd text me,
249. 9:01expect a response. Not his fault. It was
250. 9:03urgent work. I don't blame him for
251. 9:07anything like that. Usually the
252. 9:11the the problem was that I couldn't do
253. 9:14my errands at work. I mean, what was
254. 9:16there to do? Let's say, for example, if
255. 9:18I had to do something at home, if I'm
256. 9:19working from home, I can get it done.
257. 9:21But if I'm in the office, I mean, I
258. 9:22don't have access to it. So, that's
259. 9:24something that I can't I can't stop. And
260. 9:25something I started doing here was I
261. 9:27built in walks into my daily work
262. 9:30routine. I would walk during work hours
263. 9:34and I'd be super bored to do it, but I
264. 9:36needed the cardio. I had to give up
265. 9:38hockey because
266. 9:40I couldn't play hockey in the evenings
267. 9:44on weekdays because I had to be at work.
268. 9:46And then when I got home, I'd be
269. 9:48exhausted. I'd get home at 6:30. Some of
270. 9:50the games started at 7:00. I couldn't
271. 9:51make it to the rink on time. So, that
272. 9:53was a problem. I had to give up hockey
273. 9:56because I had to be at work. That that's
274. 9:57that's the way that I I think of it.
275. 9:59That that's the worst thing that I can
276. 10:01think of because I like playing hockey.
277. 10:02I genuinely enjoy it. It's a hobby of
278. 10:04mine. I enjoy going to games and and I
279. 10:09had to replace that with walking
280. 10:12through corp through through hordes of
281. 10:14corporate people who are also trying to
282. 10:16get to work. And I that was my way of
283. 10:18getting cardio. It was horrible. I And I
284. 10:21hated it. I can't I can't stress that
285. 10:22enough. I hated it so much. I had to
286. 10:24replace something that I loved with
287. 10:25something that I completely hated. And
288. 10:27then the commute back, this is what my
289. 10:29day looked like. This was horrible. The
290. 10:31day back, the the commute back was 5
291. 10:335:00 to 6:30, 2.1 hours, 1.5 hours each
292. 10:38way. Uh again, same I just copied and
293. 10:40pasted, but 2.1 hours per day across the
294. 10:43week. One and a half hours here. And
295. 10:46then I would spend about an hour eating.
296. 10:48Sometimes I would just uh combine this
297. 10:51with my work. Sometimes I would be
298. 10:53cooking some weeks. Some weeks I
299. 10:55wouldn't cook and I just get food as
300. 10:57takeout. So I didn't add it into the
301. 10:59hours that I'd be spending. But like if
302. 11:01you think about it, just combining all
303. 11:03of this stuff, combining all of these
304. 11:05times, decompressing after work, I think
305. 11:07this is another hour.
306. 11:10I didn't have kids or dependents. I had
307. 11:12household chores, which was about a half
308. 11:13hour a day. Then then time with family
309. 11:16and friends about an hour a day and then
310. 11:18back to the same thing again. Back to
311. 11:20the same grind every single week. And
312. 11:22and and this doesn't even include the
313. 11:24toll the mental toll of just constantly
314. 11:27thinking about having to go to work the
315. 11:29next day. Just
316. 11:32constantly thinking about what kind of
317. 11:34BS I'm going to have to deal with
318. 11:36tomorrow and not wanting to do that
319. 11:39every single day. It was it was
320. 11:43I don't I don't blame people for not
321. 11:44wanting to go to work. I really don't. I
322. 11:47don't blame people for hating their
323. 11:48jobs. I talked to my wife and she's on
324. 11:51days because she's a nurse on days
325. 11:53before work. She's constantly saying how
326. 11:56she hates it. She doesn't want to do it.
327. 11:57She she's stressed out about what the
328. 12:00issues might be the next day, what kind
329. 12:02of patient would come in, how stressful
330. 12:05the day would be. And it's not fun. It's
331. 12:07not a good feeling. just this time to
332. 12:10come decompress. I think it was more
333. 12:11than this.
334. 12:13It was probably more than this because
335. 12:14there were times where I mean I just
336. 12:16wanted to sit and I didn't want to do
337. 12:18anything because I hated my job. I was
338. 12:19miserable at work. I had to find ways to
339. 12:23just cope with my life being so
340. 12:26miserable.
341. 12:28It sounds horrible to say it. I was
342. 12:30spending one hour with family and
343. 12:33friends. I could only spend 0.3 hours.
344. 12:35So it was about 2 and 1/2 hours on
345. 12:38Sundays to play hockey. That's all the
346. 12:41time that I had for the entire week.
347. 12:460.3 hours a day.
348. 12:493 hours two two to three hours on a
349. 12:50Sunday. That's it for myself. Everything
350. 12:54else, think about it. I was dedicating 9
351. 12:56hours a day
352. 13:00to work, to sit in an office. I I don't
353. 13:04I don't think this is completely right.
354. 13:05I think I didn't fully distribute these
355. 13:08times across the week, but it doesn't
356. 13:10matter. The point here is that majority
357. 13:11of my time was spent going to work,
358. 13:14thinking about work, being at work,
359. 13:17getting ready to go to work, getting to
360. 13:20work. All of that is the majority of my
361. 13:22time. That's how the average person is
362. 13:24living today. The average person is
363. 13:26using
364. 13:28a lowleverage opportunity to make money.
365. 13:31They don't even think about investing.
366. 13:33They don't even think about how to
367. 13:34multiply their wealth. They don't even
368. 13:36think about how to save so that they
369. 13:39don't have to continue to work forever.
370. 13:40Most people haven't even thought about
371. 13:43thinking about that. That's how far we
372. 13:45are from people becoming truly
373. 13:47financially free. And this is where
374. 13:49Bitcoin comes in. I think it's really
375. 13:50important to find a way that's a high
376. 13:53leverage opportunity
377. 13:56to multiply your wealth over the long
378. 13:57term. I know everybody has to work. And
379. 13:59I'm not even saying don't go to work.
380. 14:00You may need your paycheck to pay for
381. 14:02your day-to-day expenses, and that's
382. 14:03perfectly fine. But if you do have to go
383. 14:04to work, make sure that you don't have
384. 14:06to go to work forever. That's the key.
385. 14:08You have to have at least something in
386. 14:10your life that's a high leverage
387. 14:11opportunity that allows you to multiply
388. 14:14your wealth. It's more risky. It'll
389. 14:16probably hurt a little bit more. It's
390. 14:18going to be more volatile. Of course, if
391. 14:20you go to a job, it's not going to be
392. 14:22volatile. It's going to be very stable.
393. 14:24You're going to get paid every week. You
394. 14:26get to pay for your expenses. You have a
395. 14:28mortgage. You have a car payment. You
396. 14:29pay for everything. that's stable. With
397. 14:32Bitcoin, it's not stable. It's very high
398. 14:34leverage, but it'll actually get you to
399. 14:36where you want to be. Do you want to be
400. 14:37paying a mortgage every single month? Do
401. 14:39you want to be getting a paycheck every
402. 14:40single month? Is that what you want? Or
403. 14:42do you want true freedom? Do you want a
404. 14:44paycheck every single month? Or do you
405. 14:45never want to have to worry about money
406. 14:47again? That's what Bitcoin is going to
407. 14:48give you. Bitcoin is going to give you
408. 14:50that peace of mind from financial stress
409. 14:55and you'll never have to worry about
410. 14:57money again. That's that's what a high
411. 14:59leverage opportunity can give you. Low
412. 15:01leverage opportunities are stable.
413. 15:03They'll keep you worrying about money
414. 15:06forever. You get a salary, you need a
415. 15:08salary every single year. You need to
416. 15:10keep earning money. You need to keep
417. 15:11going to your office. You need to keep
418. 15:12commuting 3 hours a day for 50 years to
419. 15:16pay for your expenses. That's stability.
420. 15:19I don't want stability. I want
421. 15:22volatility. I want to put in the time
422. 15:25now. I would gladly put in 16 hours a
423. 15:29day today to be able to retire five in
424. 15:32five years or 10 years early
425. 15:35rather than having to
426. 15:38go to work 9 hours a day for the next 50
427. 15:41years and still being uncertain about my
428. 15:43future. And that's exactly what's
429. 15:44happening to most people. Most people
430. 15:46are still going to be uncertain about
431. 15:47their future after they retire. They
432. 15:49still won't be able to pay for the
433. 15:50things that they want. I don't want
434. 15:51that. I want to pursue high leverage
435. 15:53opportunities because to me that's the
436. 15:55only way to go. For me, that's not even
437. 15:57a question. I don't want lowlever
438. 15:59opportunities. I don't want to put in my
439. 16:02time once and get paid once. I want to
440. 16:03put in my time and keep getting paid
441. 16:06literally forever. That's what I'm doing
442. 16:07with YouTube. That's what I'm doing with
443. 16:09the Bitcoin Retirement Accelerator.
444. 16:10That's what I do with pretty much
445. 16:12everything that I'm working on today. I
446. 16:14highly recommend that you follow the
447. 16:16same path. Don't try to earn your money
448. 16:18once. Don't pursue lowleverage
449. 16:20opportunities. Don't put in your time
450. 16:22once and get paid once. Put in your time
451. 16:24once and get paid forever. Find
452. 16:27opportunities. Find ways that allow you
453. 16:29to do this. I think the best way is
454. 16:31probably starting your own business.
455. 16:33That's a great way to do it. Another way
456. 16:34to do it would be if you do have a
457. 16:36salary, it's perfectly fine. But put
458. 16:38some of your income into Bitcoin so that
459. 16:40you have a high leverage asset that will
460. 16:42grow over time and it'll probably
461. 16:45increase in value faster than your
462. 16:46income goes up. And I think that's a
463. 16:48great way to do it. That's a very high
464. 16:50leverage opportunity. Of course, there
465. 16:51are other ways to do it. Those are the
466. 16:53ones that I've mainly benefited from in
467. 16:55my own life. I did not I I don't want to
468. 16:58go back to this. This is what lit that
469. 17:01fire under my ass, looking at how I
470. 17:04would spend my hours. Most of my hours
471. 17:05were gone before I even got to think
472. 17:08about what I wanted to do with my time.
473. 17:09That's that to me that's really sad. I I
474. 17:12I don't think I'd ever want to go back
475. 17:13to