Personal story illustrates wealth conceptfrom @thejaunt_

Transcript

Poor people struggle to smell risk taking on rich people. There's an information gap. They don't have enough personal examples of how someone goes from poor to rich. So people going from poor to rich just seems like some great mystery. And to fill that gap, their minds tend to default to luck or privilege. Of course, there are rich people that got lucky, but they're probably more like the minority of rich people. Most rich people, if you heard their stories from start to finish, you'd realize they're actually unique in one regard in particular. All self made rich people are risk takers. That risk taking can come in many forms. It can be risking your own money to start a business, risking your free time to work more hours, or risking your self image to post content online. It doesn't matter what it is that they risk so much as the fact that they were willing to take on an abnormal amount of risk. Many poor people, though, are afraid to take risk and for good reason. They feel that they don't have a wide margin for error. If they blow their savings on a business idea and it fails, now they're back to step one and they've erased years of savings. Ironically, though, if you hear rich people's stories, many of them had exactly that happen to them when they first tried. I think about my uncle. My uncle is proper rich now, but he didn't come from money. My dad told me this story about when my uncle had just started out his first business. My uncle ended up getting really sick with a super high better, the sort of fever you'd probably go to a hospital for today, and he had a big meeting with a potential client that he felt like he couldn't miss. So what he did is he rubbed alcohol on his armpits to bring down his temperature just enough so that he could attend the meeting without crashing in a pit of sweat. This is very dangerous, by the way, self regulating a high fever. But he did it, and he hobbled into the meeting and closed the client. And that business later failed anyway. It would be very easy for one of my uncle's employees now to look at him. And if they didn't know his full tier, to just rank, this guy's a rich asshole. Why does he get to earn 30 times what we do? They don't know that he failed at three businesses to get to this one and that he's basically been a raging workaholic for four straight decades and has an insane tolerance for overall risk and uncertainty. The thing is, though, you can only sense this risk taking in another person if you hear their story or if you yourself have taken rank. Most of his employees don't know his full story and probably have never taken a risk quite as comparable to some of his, so they struggle to see why he is where he is. In order to smell risk, you must first take on a sufficient amount of it yourself. Once you have, you'll smell it on people. You'll smell it especially on rich people. The smell of risk taking.