[00:17] The Millennial in Book Review [Music] Let's Start Rolling the Camera Please It was [00:32] a regular office rusher was walking through a Washington, DC, metro station. People were coming out of the subway and running towards their offices. Then a man is standing in a corner of the station Then a man is standing in a corner of the station [00:49] wearing a baseball cap, jeans and a simple T-shirt. Then he takes a volley from his case. He starts playing the violin. [Music] That guy stood there for about 45 minutes and played the violin [Music] and not just [01:02] played, he played some of the most difficult violin compositions in the world and in those 45 minutes, [Music] 197 people passed by him and only seven people stayed and his total earnings were $32. Now you might be wondering [01:17] why Vaibhav Bhai is telling such an irrelevant story at the start of the video ? But wait a second. not some poor man from the street who was asking for money by playing the violin. That man was Joshua Bell. One of the top five Valiantists in the world. [01:31] A Grammy Award winner. This was the same guy who had a concert in Boston two nights ago and every ticket was sold out. And what is even more interesting is that the violin he was playing was not a normal violin. That was a $3.5 million Valiant. Now this was [01:46] a simple experiment whose only question was whether people can recognize beauty when it is not in its expected place. And We Got the Answer doesn't recognize it at all. In fact people become blind. Now you ask yourself a [02:00] question. Were those 1090 people who came out there bad people? Were they cultureless people ? Weren't they people who understood music ? Not actually. They were people like you and me ? Those people were running for their jobs. He was running to reach the office on time [02:14] running to reach the office on time earning salaries, paying EMIs, they were so busy with their tomorrow that [music] today so busy with their tomorrow that [music] today someone played a $3.5 million instrument near their ears [02:27] and they couldn't even hear it. And this is the most dangerous thing And this is the most dangerous thing because this is not just the story of those 1197 people. [sound of clearing throat] this is my story. This is the story of 99.6% of the population who [02:40] wake up in the morning, run, earn, get tired and go to sleep. And then the same cycle repeats again the next day. All these people are not living their lives. They are just selling their today for a tomorrow. For a tomorrow when he will finally be rich [02:54] , finally retire, finally be able to live. This story was written by a man in his book. His name was MJ DeMarco and his book is called The Millionaire Fastale. This book is called The Secret of Building Immense Wealth and in today's video [music] [03:10] we're going to break down this entire book. We will understand the three paths that decide where you end up in life. [Music] We'll look at the brutal mathematical formula that proves why you'll never get rich from a job. And then [03:23] we will understand a 2000 year old Egyptian story. And finally, we will look at the five conditions that decide whether your business idea will ever actually create wealth or not. So make sure you like this video [03:37] for the algorithm and play it at 1.25x for a better experience. And yes, if you like to see such book summaries then definitely subscribe to this channel. There's an entire playlist full of book summaries. And there are going to be many great [03:50] start with the first thing that the millionaire fast explains to us. The Great Deception. Look, you must have been taught a formula since childhood and you must have heard this formula so many times that you do not even question it now. The formula is: study, [04:04] get good marks, do engineering or graduation, get a good job, save 10% of your salary, invest it in SIP, see the magic of compound interest and retire at the age of 60. And then you will finally be called a rich man or a wealthy man. [04:19] , your teachers, your financial influencers. Now so many people have taught you this that you automatically assume that it must be right. DeMarco's book [04:32] drops a bombshell in the very first chapter. They say this formula is not correct. This formula is a deception. DeMarco Proves That This Is a Deception by Using Pure Cold Mathematics. Look at a small example. Suppose you are 22 years old. Your first salary is ₹500 per month. And [04:48] every month you save 10%. That means roughly around ₹5,000. Now you do SIP, with the around ₹5,000. Now you do SIP, with the return of 12% your salary increases by 8% every year. Now, if you never buy anything fancy in your entire life, do not take any EMI, do [05:01] not go to the credit card department, then after 30 years you will be around 52 years old. Now you will have around Rs 1.7 crore in your account. Today this number might seem very big to you. But after 30 years, the value of that 1.7 crore [music] will be [05:18] equal to 35 to 40 lakh today. The money you had saved will be eaten up by inflation and that you will never spend anything. What happens in real life? 8 years later, the marriage takes place EMI of the house starts after 12 years. [05:32] Then there are children's school fees, family medical bills and the 10% you wanted to save remains just a dream. The real number comes roughly around 4 to 5%. So basically what get rich slow actually means is [music] get rich old. Friend, [05:47] tell me one thing, what will you achieve by becoming a millionaire at the age of 60? If or any foreign trip, you will have to carry heart medicine with you. If you you will have to carry heart medicine with you. If you [06:03] so busy in their lives that they will not have time for you. And this is why DeMarco calls this plan a deception. Because this plan looks like something else and gives something else. This shows that you will become rich. But here comes a tired [music] [06:16] old sick man with a big bank balance and nothing else. And one more thing, all the financial influencers who send you this plan have one more thing, all the financial influencers who send you this plan have [06:28] standing in the Fastline and he is selling you a ticket to Sloan. What is this fast lane slow lane? You will know this in the next 2 minutes. So please hold on. Now, these things that these financial influencers are doing to you, Demark [06:40] calls it the paradox of practice. That means they will preach something else and practice something else. So friend, if Vaibhav Bhai, this formula itself is deception, then what is the right way? DeMarco talks about three ways to make money, and each path leads to a different destination. [06:54] And you have to decide which path you want to follow. The first way is the side walk. On the sidewalk are people whose net worth is written in a simple formula [music]. Income plus depth. Didn't understand? I will explain it simply. The [07:07] more salary these people get, the faster their lifestyle grows. That means if his salary is Rs 50,000 then he will buy an iPhone worth Rs 1 lakh and take its EMI for 12 months. If the salary becomes ₹80,000, then he will buy a bike worth ₹3 lakh and [07:21] get its [music] EMI for 24 months. Look, these side workers Want to post a story on Instagram about a foreign destination? Even if he went on that trip on a credit card. These are the people who [07:34] want to wear a watch worth Rs 70,000 to their wedding, but they have less than Rs 2,000 in their own bank account. Look, these side walkers fall prey to one more thing – running after events. [Music] Lottery, Crypto Pump, Dream 11, Jackpot, [07:47] theory of getting a big break. [Music] Basically they want shortcuts and don't want to work hard. And in this process, by the time they reach 30, they start realizing that brother, in the life I have lived till now, I have not saved anything or I do [08:01] Then comes the other path which is the slow lane. The slow lane is the same path Like engineering, job, SIP, retirement [music] thing. Now look, these people are definitely a little smarter than the side walkers but their [08:14] destination is the same, that is, on the middle ground. Slow leaners basically run after one thing in their life which is security. Job security, pension security, insurance security, children security, future [08:26] security and for this security they even become ready to trade 50 years of their life. A Slow Laner Things That He Is Responsible But He Is Not. Then comes the third path which is the fast lane which is what this book is about. [08:38] Fasten is the path DeMarco has walked, and so has Elon Musk and Jeff Bezos. Here, basically, you create a system that can make money [in music] without you. what Faslin is? But the real question right now is [08:52] how to enter the fast lane ? How to create something that can make money without me? Because if I tell you right now that brother, if you want to enter the fast lane then start a business. You'll be in the fast lane. If it were that simple, [09:04] everyone in the world would be in the fast lane. but it's not like that. Today there is a startup in every street. Every second guy is a founder on Lindin. Yet only 1% of them are able to create actual wealth. Now DeMarco explains this whole thing [09:17] with a 2000 year old Egyptian story. Look, there was a Ferro. He had two nephews, Ajur and Chhuma. Both were 18 years old. Now Pharaoh asked both of them to build a pyramid each for him. Both of you will have to work with your own hands and alone. Whichever of you two [09:32] builds the pyramid first will take over my entire kingdom and the entire Sultanate. Now this Azure is very smart. He gets to work the next day. He wakes up at 5:00 in the morning , pulls big stones, sweats profusely. In fact, people of the entire village [09:46] also look at him and say, brother, what a thing, sir, you are working so hard. You will get the kingdom. And on the other hand, what does this kisser do ? He's just doing something inside his backyard with the door closed. And many days pass, many [09:58] months pass. He doesn't even come out. Now, in this way, one year passes by. A foundation of Azure is ready. [MUSIC] But Chuma's plot where he was supposed to build the pyramid still looks empty. Then comes the second year. Here [10:11] Azure reaches the second level. But now he has to carry stones to the second floor and it is very difficult to do this work alone. If the stone is heavy then he thinks that I will become stronger. I will hire a trainer and follow a special diet. [10:23] But this kisser is still sitting in his backyard. I do n't know what he is doing behind the door. Then comes the third year. Till now Azur's speed was very fast but now it becomes slow because it takes him months to bring a stone from bottom to top. [10:35] But he does not give himself a thought in his mind that brother, at least he is ahead of his brother. Then suddenly one day the noise of a heavy machine starts coming from the middle of the village. It is [10:51] of the village. This machine is 25 feet long with pulleys, levers and ropes. Now Chuma pulls the machine and brings it to his plot. Then he picks up a heavy stone. The same stone that was taking Azure a [11:05] month to move. Now Chuma turns a small crank from below and with the help of that machine first lifts the stone in the air and slowly sets it on a foundation. By doing this, Chuma prepares a foundation in just a week. The foundation that took Azure [11:20] a year to build. After that, it takes him only 2 days to create his second level him only 2 days to create his second level and in just the next 5 years, Chuma completes an entire pyramid at the age of 26, as a result of which Pharaoh makes him the king. He gives [11:32] him everything – kingdom, wealth. But Azur's pyramid is not completed on time even after such a big head start. Work with your body. Increase your strength. That means degrees, certifications, MBBS, promotions and thinking [11:45] that if I become strong then I will move ahead even more. But you forget to think that both your time and strength are very limited. Chuma, on the other hand, has n't laid a single stone in two years because he was sitting in his backyard [11:59] building a system [music] and that's the actual difference between the slow lane and the fast lane. Difference in approaching the problem. Now if you want to learn how to approach the problem differently, then four shifts have been mentioned in this book. The [12:13] first shift is time money decoupling. Look, Asur's formula was very simple. Hard work equals money. 9 hours in the job and 2 months salary. That is, money by selling time which sounds very similar to Asur's formula. Look, you only have 24 hours in a day. [12:28] Whether you are Mukesh Ambani or a security guard. thing completely depends on you explain this to you by giving the example of a doctor. Get hold of any top surgeon of India. He must be [12:41] charging at least Rs 2 lakh for the operation. Now hypothetically, let's say he's able to perform 30 operations a month, which [music] max to max is very difficult for any surgeon to do. But still, suppose now how much is his monthly income? Around ₹60 [12:55] lakh It sounds great. But this income is fixed. He can't scale it any further because it's not physically possible. And suppose if one day he falls ill, then his earnings for that day become zero. [13:10] any simple app. He created the app only once and then uploaded it on the Play Store. It got 200 downloads in the first month. After 6 months, 500 downloads came. After a few years, 5 lakh downloads came. Now here there [13:25] working automatically. And this is very much possible that after a few years this child will earn more money than that doctor. Why? Because he created a system where his time was not involved. One guy was selling his time and the other guy [13:38] created a system that ran automatically. And this system has actually been proven by many people who run a software company. Now this time money decoupling is the reason due to which any salaried person in the world, be it [13:51] MD of Goldman Sachs or VP of Google, is never able to create true wealth. Yes, I would definitely say that they earn high income but are never able to create true wealth. Yes no doubt high income creates wealth but can [14:04] give you a real example from today's India and listen carefully because this example will open your eyes. You will get to know how you can start becoming a smart person with just ₹100. So listen, [14:19] more than ₹21 crore demat accounts have been opened in India. I repeat the number one again. 21 crores. In the year 2014, this number was only 2 crores. That means there has been a 10-fold jump here in just 11 years. Every month ₹32,000 crore is [14:35] going into mutual funds through SIP alone. Now let me ask a simple question: where is all this money flowing? Now this is not going in the air. Just think, whenever you buy a share, where does that transaction take place? [14:47] In stock exchanges like BSE and NSE. Then whenever you buy a mutual fund, who sells it? AMC means Asset Management Company. Or whenever you open a demat account, who maintains that account ? A depository like CDSL or [15:00] NSGL. And when you trade on the broker app, that broker also charges his fee on every trade. This is not a type of casino. When a common man invests money in the market, he is a player. But if you become the owner of the companies [15:13] that are providing the platform to the players, they charge fees on every trade. Charges on every SIP. If it makes money on every IPO then you become a house. That means you become the master of the game. And No Matter If the Player Wins and Loses the House [music] Always Takes Something [15:29] Out of It. And that's what the Axis NFT Capital Market Index Fund does. This is an index fund that gives you simultaneous ownership of top capital market companies in India. Like BSE, MCX, HDFC, AMC, CDSL, CMS, Angel 1, 361 Wealth, [15:44] Nikon L AMC, that is, all the big exchanges , all the AMCs, all the depositories, you get them all in one fund. Their NFO i.e. New Fund Offer is open from 4th May to 15th May 2026. There is only an 11 day window and [15:59] you can start it with just ₹100. This fund has been deliberately kept accessible so that everyone, from college students, freshers with jobs, to your parents sitting at home, can participate in it. And one more thing, this fund can be a decent starting option for first-time investors. [16:11] Because you are not investing or betting on any one company. You are betting on the entire system. A system that handles millions of transactions every day and earns something from each transaction. [16:23] Then comes the second shift which is the shift from consumer to producer. Azure was trapped in another spot that was more subtle and he couldn't see. He had become a consumer in his industry. All his energy was being consumed. Today [16:37] you learned this book. Learned three ways from DeMarco. Side walk slowly in fasting but there is a world of difference between learning and doing. 99% of people forget after learning. There are only 1% people who do something after learning. So make sure you check out Axis NFT [16:53] Capital Market Index Fund once. And whatever you have learned today, make sure to apply it. After that, the second shift is the shift from consumer to producer. Look, this is a simple thing, consumers invest money. Producers make money. [17:05] Look at your normal Sunday. So, as soon as you wake up in the morning, you consume Instagram content, at lunch you consume something from Zomato, in the evening you consume something from Netflix and at night you do gaming or consume something from Amazon shopping. Your entire day has been [17:19] designed like a consumer. And to fund this lifestyle, you have to work. That means you are earning money only so that you can becoming a producer on the other side does not mean that you stop your consumption completely. [17:35] create something that can create value for others. For example, producers. We are consumers. You need to create something that other people can consume and only then can you be called a producer. Then comes the third [17:50] shift, the shift of processes versus events. Look, suppose while rescrolling you says that he sold his business for Rs 50 crore. So what will be your first reaction ? One of two. Firstly, either he is a very lucky guy or secondly, he is a [18:05] scamster. You will have only these two reactions and DeMarco says that both of these reactions are very wrong. Look at Mark Cuban 's example. Cuban created Broadcast.com in 1990. And then he sent it to Yahoo for 5.7 billion. Now [18:19] what was this whole thing about? This was an event. Cubans were there once, 12 years ago. After that he started selling software. Then came into consulting. Then he started a company which failed. Then he created another company which failed and then he created brodcast.com which [18:32] he created brodcast.com which he sold for $5.7 billion. This whole thing was a process, not an event. The event is just selling for $5.7 billion, which is visible to people like you and me. But the entire process behind it is known only to that person. [18:45] Look at India, Nitin Rawat created Zerodha in 2010. Today it has 1 crore users. But before that, Nitin was trading since the age of 17. savings. No one knows this. That was his own silent process of 13 years, [19:01] after which came an event of Zerodha. That is the story which nobody talks about. Whenever you try to do something big in your life, you will get exactly this feeling. No one will ask people for the first year. Will make fun of you. Your own [19:14] will ask what is brother doing? Why do n't you do a job? But it will take many years for you to get a breakthrough. And this is where 95% of people fail. After that comes the fourth shift which is leverage. In today's context, there are four ways of leverage. The [19:28] first is labor leverage where you hire others. Suppose a single person can run one shop, then with 20 employees he can handle at least five shops. After that comes capital leverage. Investors' [19:40] money, bank's money, customer's advance. You use other people's money instead of your own. This is called capital leverage. Real estate stands on this, startups stand on this. Then comes the third code leverage [music], i.e. software. This means you [19:54] used by infinite people. Do you know how many engineers made WhatsApp? From just 50 engineers. But when it was sold, it was sold to Facebook for $ billion. If I tell you today that I want to create a company worth Rs 19 billion, then the first thought that will come to your mind will be that [20:09] After that comes the fourth leverage, content leverage. YouTube videos, podcasts, that you make once and then people consume them infinite times. For example, suppose Raj Shivani may have recorded a podcast 2 years ago [20:23] but people still watch it today. So if I summarize these four shifts in one line, then try and understand it and write it down somewhere. The first thing is to decouple time and money. The second is to become a producer from a consumer. [20:36] Third is to ignore events. Focus on processes. And fourth, Focus on processes. And fourth, just a theory. How to execute them ? That is a bigger question. [20:49] What business idea do you think will actually take you to the fast lane? Which brings me to the next section The Five Commandments and Saints. Now I talked about this section at the beginning of the video. And this is the most important [21:02] section in the entire video. Understand this, after understanding this section, you can come up with any business idea. In just 1 minute you will be able to decide whether this path will make you rich or you will remain an average person throughout your life. The first thing that comes to mind is need. [21:17] DeMarco's biggest line is "Stop Cheesing Money." Start Cheesing Needs. 90% of businesses fail because every founder starts the business for himself. about cooking so I will open a restaurant. This is wrong. I like fitness [21:33] so I will open a gym. This is also wrong. That will be a very hard thing to learn for you right now. But the world doesn't need your [musical] passions. This world is very self-centered. They need solutions to their problems. Why did Zomato run? [21:46] big problem of their own. How much fun they would have if they could eat food while sitting at home. The Why did Ola replace Uber? Because in Indian cities auto drivers did not run on meters. Taxis [21:58] were not available and the public transport was so bad that you could not travel by it. So the need came first and the app came later. If you have a business idea while watching this video today, then first ask yourself one question. Whose problem am [22:12] I going to solve with this? And How Many of Them Ekists? The more people's problems you solve, the more money you will be able to make. After that the second thing comes which is entry. When the barrier to entry is low, the path profit is zero. There was a [22:27] lockdown in 2020. After that every other guy became a YouTuber. And many became stock market educators. Now what was the entry barrier here? Setup used to be very easy; all you needed was a laptop and a phone. But if [22:40] you go and see these traders now, not even half of them are left. Because remember, if it's easy to get in, it's easy to get crusty. If doing any work or starting any business is difficult then it is a good thing for you because other people will [22:54] not be able to do it easily. You need to understand that difficulty is your biggest competitive advantage. After that the third thing comes control. Are you the owner or just a tenant? Let me explain this to you in simple words. If your entire business [23:08] is built on someone else's platform, then you are not the owner. You are a tenant. If Instagram's algorithm changes, your reach may drop by 90%. [23:20] [MUSIC] Amazon raises its fees and your margins could be gone. All these people, content creators, Amazon sellers, dropshipping people, these are all tenants. His business is not his own. It depends on the platform. If [23:32] will your business be able to survive ? If your answer is yes then you are in control there. If the answer is no then you are renting your business on someone else's land [23:44] and you need to understand this. After that the fourth thing comes scale. If You Want to Make Millions You Must Impact Millions. I can explain this with a very funny example. The tea shop in the locality would sell a maximum of 200 cups a day. If you package the same tea [24:00] well and turn it into a product and sell small sachets of it online, it can reach 10 lakh homes. Suddenly reaching from 200 to 10 lakh people, that who can teach only 30 children in a class. But if the same teacher [24:16] makes a video, he can teach 30 lakh children. There is a very simple filter that you have to add to your business idea that can this reach a million people in some form or other? If you don't get a response, drop the idea right there. [24:29] After that the fifth thing comes time. If the Business Dies When You Disappear You Don't Own a Business. You own a job. If you just disappear somewhere for 3 months and your business closes down, then you are not the owner. You are also an employee of that business. Your [24:44] designation is simply that of founder. In Somewhere the Other Even if you detach yourself from your business, So once again let me summarize these five commandments for you in one line. Number one, solve a real need. Number two, make entry difficult. Number three, [25:00] keep control in your own hands. Number four, scale to millions. End number [music] Five decouple your time from your income. Now there's another concept in this book that I want you to understand which is the [music] money tree concept. Look, your family members [25:13] must have told you this line that son, money does not grow on trees. DeMarco says that they are wrong. Money actually grows on trees. But the condition is that you must know the right seed [music]. Here, DeMarco [25:26] gives us five different things in this book. The first is rental systems. [Music] Now when I property. But rentals don't just come from property. Those royalties come from licensing patents. A musician records a song only once but [25:39] receives a royalty for every stream. This is a rental system. After that the second one is the software system. Most of the world's millionaires have become so through this system and the write the software once but you can sell it infinite times. After that, the third is the [25:53] content system which is books, YouTube videos, podcast courses. DeMarco himself puts this book into the content system. That means he had written this book many years ago but even today this book brings him money. But there is a small [26:07] works in a very compounding way. You won't see any results in the first 100 pieces. That means in the beginning you will have to upload 100, 200, 300 videos. Only then will you start seeing some actual results. After that, number four is [26:21] distribution systems. Amazon, Flipkart, ZPTO, Blink, all these are make something like this or come here and sell something. However, there are give you the example of McDonalds, McDonalds never makes burgers itself. He [26:35] creates franchises. McDonald's real business is distribution and real estate. McDonald's Corporation either buys or leases prime commercial locations and then leases the same properties to its franchisees. [26:49] Lord Model. Now understand how the game works here. The company earns money from two sources. The first is the operating fees of the restaurant, i.e., royalties, that the franchisee receives. Then the second thing is that every month they also get a good amount of high [27:03] tell you the truth, this rental income often turns out to be And this is the reason why Rick Rock, who made McDonald's global, became a billionaire. [27:15] Just New How [Music] Distribution Works. Dimako said a very lovely line in this book. The greatest product in the world goes unused if it is not leveraged into the proper distribution system. That means, even if you [27:29] make the best product in the world, if you are not able to properly deliver it to the people then it is going to be useless. Then number five is Human Resource Systems. Employees, teams, managers [music] These are the toughest seedlings. [27:41] Seedlings that offer the lowest passive income. But it is also the most scalable. Now if I want to explain Human Resource Seedling to you, then imagine that it takes me a day to read one page of this book. So if 300 people like me come, we [27:55] can finish this entire book in one day. Otherwise it would take me 300 days to read this book alone. Human Resources Where You Leverage Other People. But there is a small problem in this human resources segment that everyone will probably [28:09] read it. If a person reads a pH in a different way , or extracts different information, then the output is very different. And that is why getting output is the biggest problem in human resources. This was [28:23] thought I should tell you about it from my personal experience as it was not mentioned in the book. Now after this, Na DeMarco says a line which is the most uncomfortable truth of this entire book. [MUSIC] That's the problem is never the road. The problem is the [28:37] driver. And here you are the driver, so no matter how good the car is, be it Lamborghini or Ferrari, if your driver i.e. you are timid, confused, turning the steering in the wrong direction, then the car is not going to reach anywhere. You [28:52] just think in life that if you get the right idea then everything will be fine. I will earn a lot of money. But this is wrong thinking. Thousands of people like you have the right idea. Actually, there is a need to have the right person i.e. the right driver. [29:04] And DeMarco identifies four problems within the driver that may also be present within you and that you will need to understand. The first problem is the brake pedal. If you press the brake pedal every day, the car will not go anywhere. If you [29:16] think every day what will happen if you fail ? What happens if the money is lost? Brother, what would be the worst case scenario? You will get back to work. The same job you were already doing. That means even in the worst case scenario, you reach exactly where you are [29:29] standing today. So what is the loss? Just an attempt , just a learning, just maybe an experience. And what is the best kiss? Money for Your Entire Life. Then the second thing comes The Head Winds. DeMarco gives us a visual here: Imagine [29:44] you're driving and your passenger breathes out dirty air. Your Car Stings, Your Eyes Water You Can't Focus on the Road Now. Now do you know who this passenger is who is breathing dirty air ? He is that friend who tells you on every plan of yours that hey friend, this won't [29:58] work, think of something else. He is that relative who asks, what are you doing these days, son? Did you get parents who always keep telling you, son, find a safe way. Do some job. These people slow down your car and their operation is very simple. [30:13] Identify them and distance yourself until you succeed. After that the third problem is the wrong fuel. DeMarco says that time is your primary fuel and wasting fuel is the most expensive mistake you can make. So do you know [30:28] how much time you are wasting? Suppose if you are 18 years old and waste even 4 hours a day on your phone, then by the time you turn 25, you would have wasted 10,000 hours on your phone. These are the same 10,000 hours in which you could [30:43] become a master in any skill. But what did you become a master at? Become a master at scrolling. Look, if the money is lost then you can earn it again but if the time is lost then you will never get it back. If you can do it then you will only be able to regret it there. Then [30:57] comes the fourth thing, The Some Day Trap. First I will complete my degree and then I will think about business. First I will settle down in my job and then I will think about business. [Music] I'll get married and children and think about business. Shut up, will [31:12] ? DeMarco writes it in a very beautiful line that “Some is a disease that will take your dreams to the grave.” [Music] This Sunday never comes because after every Sunday a new Sunday comes. Now if you have understood this then finally understand the [31:25] most important concept of this book. The Three Abbeys. The first is family. That is, those people with whom you have a real connection. Parents, siblings, close friends, future partners, children. Imagine [31:37] on a client call so you were never told. Your mother called you. You were stuck in traffic. Your wife cooked dinner for you. But that day you were stuck in a meeting in the office. It takes very small moments to see this dream. [31:54] And even in those two days, small tasks are done. Shopping happens. Gotta get some sleep. Preparations are made for the next week. And if I actually see how much time you get with your family in 2 days, it would be roughly around [32:09] is an actual quality time. That means only 3% of your life has been your life has been fitness. Look, even Rs 100 crore is useless if your body leaves you. [32:24] You will never be able to enjoy those 100 crores if you are not in the right state of mind. n't mean money. Freedom means very simply that when you wake up this morning, you have enough freedom to decide what you will do today. These are the three [32:38] apps which if you sort out then making money becomes a cakewalk for you. Actually, if you want to understand the definition of real wealth, then it is that you have some people who call you without any reason. You have a [32:51] body that can last you until you are 70. And you have enough time to do whatever you want. Everything else is a scoreboard. Everything else is a matrix where you are stuck. Remember, no person in this world says on his death bed [33:05] that I wish I had closed one more deal or I wish I had earned more money. People just say I wish I had spent more time with my kids. I wish I had spent time on my health. I wish I had given [33:17] myself time. So the real question is not how much you are earning. The real question is what are you earning for? [Music] So that was the end of this video. But maybe the start of your thinking. So what we learned in this video is that money [33:31] is important but money is not the whole game. Building systems is important. All You Need To Focus On Is Creating Different Systems. So [MUSIC] Just do one thing tonight. Just wait a minute before you go to sleep at night. Turning off my phone [33:45] and asking myself this question: is the life I'm living, [music] is this the life I chose? Or is this the life that people have given me and I am just living it. If the answer to this is yes, I have chosen it, then it is [33:59] great, but if the answer is no, then do not worry, start from today, start small, learn a skill, make a system, create an income source for yourself which can [34:12] work for you even while you are sleeping, invest in your body, spend time on your people, spend time on yourself, money will keep coming and going but once time is gone, it never comes back. If you liked this video, then make sure you [34:24] like this video for the algorithm and subscribe to the channel so that you [sangeet] do not miss out on all such new videos. I will see you in the next video. Till then, keep hustling, keep learning and as always keep inspiring. [Music] And if [34:36] you can click here or check out the link in the description. or check out the link in the description.