ilmscore | Prediction Details
"The second law of money that I want to go over is the money rewards value it does not reward hard work my money is a byproduct of the value that you provide it is not a byproduct of how hard you work this was a really hard lesson for me to grasp because I grew up with this mentality with the harder you work the more money that you're going to make now hard work is very important I work very hard but there is a right way and a wrong way of working hard if hard work was the most important indicator as to how much money you would make then every construction worker and every laborer would be a millionaire but they're not why because money is a byproduct of the value that you provide it is not a byproduct of how hard you work now hard work is important when it comes to providing the right value but this is where it pays to understand how to work hard in the right direction The simplest way to understand this is to understand the three different types of work that you can do you have the labor work then you have the busy work and then you have the thinking work ... The thinking work these are your Executives in the company your Executives and the company are now working every single day doing this type of busy work they're not on Excel every single day trying to build spreadsheets and trying to build analysis and formulas what they're doing is they're thinking how do we allocate our Capital how can we come up with new business ideas how can we invest in growth how can we innovate for the future this is the highest paid work but physically it is the least hard work this is why you have to understand how money is a byproduct of the value because now when you go to a restaurant and you buy a hundred dollar dinner what you're doing is you are giving the restaurant a hundred dollars because they gave you some sort of value they gave you a nice meal which in this case is worth a hundred dollars so you paid them a hundred dollars and in exchange for the value that you provide if you want to attract more money because you and I can't actually make money only banks can do that but if you want to attract more money then you have to provide more value"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 01:14:39 - 01:18:18
Interpreted Prediction
Money is earned by providing value, not solely by working hard. 'Thinking work' (strategic, innovative) commands the highest compensation, followed by 'busy work' and then 'labor work'. To attract more money, one must provide greater value to the marketplace.

Prediction Details

Topic
Money Rewards Value, Not Hard Work

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