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 .

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