Dan Martell - February 03, 2024


Why smart people never get rich.


Episode Stats


Length

43 seconds

Words per minute

224.14578

Word count

164

Sentence count

7


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Smart people don t get rich because most smart people overcomplicate things. And complication isn t how you get rich. How you get Rich is saying, oh there's a problem. What's the minimum amount of effort I could put into seeing if somebody is willing to pay for this problem and then do the actions of solving the problem. People with high IQs, the problem is they believe that for them to be qualified to even solve a problem, they need paper. They need to go intern at another company to learn how to do the thing before they could ever do it for somebody else. Everything involved in that chain of transaction and value requires you to not care about anybody else s opinion, be willing to overcome your fears of being rejected, and be resourceful enough to figure out how to build a solution that person might want to buy even if you ve never done it before ever.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Smart people don't get rich because most smart people overcomplicate things and complication
00:00:04.780 isn't how you get rich.
00:00:06.040 How you get rich is saying, oh, there's a problem.
00:00:08.760 What's the minimum amount of effort I could put into seeing if somebody is willing to
00:00:12.400 pay for this problem and then do the actions of solving the problem.
00:00:15.400 People with high IQs, the problem is they believe that for them to be qualified to even
00:00:20.080 solve a problem, they need paper.
00:00:22.200 They need credential.
00:00:23.520 They need to go intern at another company to learn how to do the thing before they could
00:00:27.880 ever do it for somebody else.
00:00:29.100 everything involved in that chain of transaction and value requires you to a not care about
00:00:34.780 anybody else's opinion b be willing to overcome your fears of being rejected and c get resourceful
00:00:39.800 enough to figure out how to build a solution that person might want to buy even if you've
00:00:42.780 never done it before ever