2 Signs That You Will Become Wealthy One Day..

Summary

• Measure wealth and potential success by observing how individuals quantify value; gauge by their unit of measurement for money.
• Increase your base unit of measurement for money over time to align with wealthier individuals, shifting from smaller units like the cost of a Chipotle burrito to larger sums like thousands or millions of dollars.
• Wealthier people seek opportunities with higher value, which ties to their larger base units of money, indicating why they avoid low-yield activities.
• Rich parents tend to teach their children to pursue higher leverage opportunities, implying the importance of seeking out meaningful ventures.
• Assess someone's effectiveness with time by their speed of execution in day-to-day activities; faster communication often correlates with greater success.
• Shorten your micro time units for completing tasks, moving from end-of-week to end-of-day or even several hours, enhancing productivity and goal accomplishment.
• On a macro scale, measure the wealth of individuals by examining their long-term perspective, observing how many years ahead they plan and their impulse control.
• Surround yourself with people who use larger monetary units and have more condensed micro time measurements while setting long-term goals spanning over years or decades.
• Emulate these traits to move yourself rapidly towards your goals, focusing on financial acumen and effective time management for success.

Video

How To Take Action

I would suggest implementing the following steps to increase your wealth potential and success over time:

1. Measure Value Accurately:

   • Start thinking about money in bigger units. Instead of thinking about small purchases, like a burrito, start measuring costs in terms of "how many 10K units" or "how many cars" this is.
   • This will help you focus on bigger opportunities since small ones won't seem worth your time.

2. Shift Your Time Perspective:

   • Become faster at executing daily tasks. Instead of finishing something by the end of the week, try to get it done by the end of the day or even within hours.
   • Communicate quickly. If you're waiting a day to respond to someone, you're slowing down your progress. Try to reply and take action as soon as you can.
   • In the long run, start planning for decades, not just days or months. This kind of long-term thinking can help you build bigger, more successful projects.

3. Change Your Environment:

• Surround yourself with people who think in larger monetary units and value their time highly. They'll motivate you to level up your financial and time management skills.
• Try to spend time with people who plan their goals over years or decades. They can teach you about patience and long-term planning.

By adjusting how you view money and time, and who you spend time with, you can create habits that drive you toward success. Remember, focus on activities that align with larger units of money and shorter time frames for execution, while never losing sight of your long-term goals.

Quotes by Alex Hormozi

"The bigger the unit of measurement they're using for money, likely the wealthier they are and the wealthier they become"

– Alex Hormozi

"Rich dads in general will teach their kids to go after higher leverage opportunities"

– Alex Hormozi

"If you can hang around people whose base unit of measurement around money is far greater than yours, then you will start chunking up and thinking about money in those greater terms"

– Alex Hormozi

"The difference between rich dads and poor dads is that rich dads will teach their kids to go after opportunities that have bigger base units of measurement"

– Alex Hormozi

"You can drag your future into the present by increasing the speed with which you take action and you communicate with other people"

– Alex Hormozi

Full Transcript

in this video i'm going to give you two ways to identify how wealthy someone else is going to be in the future and how you can align yourself with those individual character traits all right if you don't know who i am my name is austria moses i own acquisition.com it's a portfolio of companies there's over 100 million dollars a year and i make these videos because i actually enjoy doing it all right so that being said this came from a conversation that i was having with a good friend of mine he exited his company for just under half a billion and we were just having like a philosophical conversation around you know what is it that makes people successful and what are kind of the things you can identify early or mindset shifts in terms of perspective that allow people to have an unfair advantage and so if you followed any of my stuff i talk a lot about time i talk a lot about money and so it's unsurprising that the two traits um have to do one with time and the other with money and so one of the things that's interesting about this is the concept of measuring sticks a lot of us have these base units that we measure things in and it's kind of like shorthand that you use in your brain so i'll give you a simple example so when i was in high school i used to measure you know how much money something was by the amount of chipotle burritos i could buy and because i used chipotle burritos because it was an understandable like quantity of value for me and so everything was like how many chipotle burritos is this and that was because that was like the amount of money that i was making and that was a material amount of value for me at the time and so one of obviously the measuring sticks that people use is uh is is in money and so the bigger the people that you hang around with the bigger the unit of money that they will measure things in in terms of like base units and so for you uh over time you want to increase what that base unit looks like so you want to start measuring things like how many 10k units there are how many cars is this how many houses is this how many businesses is this right and even just the amount of money itself how many 10ks how many 100ks how many how many millions there is and just as a as an aside here in wall street in the hedge fund world they have a term that i learned probably a couple years ago which is a stick right and a stick is their measuring unit which is a million dollars so they're like yeah give them a stick or put two sticks in and they say that because they have these measuring units that are significantly bigger than most people can fathom or imagine but because our brains think in units and so if you can hang around people whose base unit of measurement around money is far greater than yours then you will start chunking up and thinking about money in those greater terms and all of a sudden for example let's say your base unit of money is a hundred thousand dollars or ten thousand dollars even then it makes it much less likely for you to go participate in an activity right that's going to generate you a hundred dollars or a thousand dollars because it's not even a full unit of measurement so it's like almost why bother and what happens and the difference between rich dads and poor dads and what they teach their kids is that rich dads in general will teach their kids to go after higher leverage opportunities they'll go after opportunities that have bigger base units of measurement bigger base units of money that they can compile together right and so the first thing you can do in terms of identifying in other people and then also within yourself is what unit of measurement do they use are they using chipotle burritos right are they using thousand dollar units are they using ten thousand dollar units are they using million dollar units right so the bigger the unit of measurement they're using for money likely the wealthier they are and the wealthier they become because they only will participate in activities that can be measured in those units so that's number one number two is measurements around time and so this is uh and this is has an interesting kind of like part a and part b to it so part a is that they uh on a micro scale within like day to day they're going to act faster they're going to uh be better utilizers of their time in general and on the micro side it's just about speed it's about execution speed if you start interacting with somebody and their speed of communication is rapid in terms of their turnaround time in terms of when they communicate with you in terms of how they respond to things you can be sure that that person is far more active and i'll give you a reason for why people move forward so much faster in life when they have that you're trying to get something done right and let's say that you you message someone and then you know they wait a day and they message you back and then you wait a day and you message them back and then let's say it takes five interactions like this to to get this project done so that would be ten days like you one day then one day five times right and so that would be 10 days now imagine a different scenario where you have two people who are wealthier in terms of how they manage their time right how they leverage their time and they're able to have that entire exchange within a matter of 30 minutes right and now if you look at the difference between a 30 minutes and 10 days it dramatically compresses the time to achieve the result and then this is where it gets interesting now after that 30 minutes let's say they do that again and again and again and again in a very real way they will have accomplished more literally in a day than other people will try and accomplish in a month or more right and this is how you compress time and you can drag your future into the present by increasing the speed with which you take action and you communicate with other people all right so that is the part a micro uh for time now part b of time is macro and so this is an important one when it comes to measuring sticks and also again with the measuring sticks on the first one because i really just want to drive this point home i made a video about this but it's it's the idea of switching from end of week being your default to switching to end of day or right now being your default so how can i just make the default in my company end of day like if no one says anything it has to be done by end of day right or how can i say that my new default is by four hours from now right and so that becomes your new micro measuring step in terms of how quickly you can get things done and reply and move things forward et cetera so you want to deal with people who have very condensed micro push things forward in terms of their activities and how they see things getting done on the macros perspective it's when people are talking about decades and not days right and so you can tell how wealthy someone is by their perspective on time in terms of how long they are willing to wait to see something through and so this is kind of like a very extrapolated version of the marshmallow test if you've never heard of that it's pretty famous test where they have two kids and they they said hey you can have a marshmallow now or i can give you two marshmallows in a few minutes and the kids who said i want the marshmallow now and couldn't use the self-restrainer self-control were significantly less wealthy less successful later in their lives compared to the kids who could wait for the second marshmallow and if you wanted to add an interesting wrinkle to this you could make the marshmallow even further out what about if the marshmallow was in five hours what if the marshmallow was the two marshmallows for tomorrow what if the two marshmallows were a week from now what if the two marshmallows were a year from now right and i can guarantee that the person who had the furthest out date of when they were willing to restrain themselves would be significantly more successful and that is because impulse control or self-restraint is one of the key drivers of success because you can see where you're trying to go and it takes from a macro perspective a long time to build amazing things right rome wasn't built in a day which is a quote that is said all the time but people don't actually live by it and so if you surround yourself with people who use measuring sticks of money that are significantly larger than yours they have micro units of time that are significantly shorter than yours they get things done faster they communicate faster they move things forward faster right and then in terms of how they measure the goals that they want to achieve in their life they measure in decades instead of days or weeks or months if you surround yourself and you give yourself those three which is two with you know two with two micros uh if the lens is through which to see other people and then also to judge yourself you will be significantly better off and you will move far more rapidly towards the goals that you want to achieve and so anyways this was a this was a paraphrasing a conversation i had with a good friend of mine um i thought i would share it with you guys because you guys are awesome and i'm just so grateful that you guys enjoy this stuff uh please you know let me know in the comments if there's other things you'd like me to kind of outline and uh if you uh do like this stuff like subscribe share um it uh it helps the youtube gods uh share it to more people so anyways keep being awesome as a nation love you and i'll see you guys next video bye