Do You Want To Be A Billionaire?

In this video, Matt reacts to this video suggesting how you can become a billionaire, yes with a b. Matt thinks this question should be reworded. Watch to see how Matt rewords the question. So, what would you like?

There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!

Video Transcript: 

Business Advice Video:

Do you want to become a billionaire, then you have to think like a billionaire. Billionaires do not think about pennies, and cents, and dollars. They think big and they think of ways of getting there. Not of ways of not getting there. Most people learn how to fail and not to succeed. It’s a mindset. So if you wanna be a billionaire you have to start thinking what will work. And not only what will fail. Billionaires look at that experience and say “This did not work. What can I learn from it?” 

Matt’s Review: 

Okay I would say first, most people I don’t think are aiming to be billionaires. So right off the bat, I’m not sure this advice is super relevant. I think what it would have made more sense to say is if you’re looking to have a significant level of success, then you have to think about what that looks like, right? It’s easy to get caught up in the small stuff. The day-to-day stuff. The $5 here, $10 there, in your small business. And just trying to put out fires and deal with little stuff. And I think what his point is, is that if you stay focused on that you’re always gonna kind of live in that world. If you can look down the road and set big goals, then you’re much more likely to get there. And then you learn as you’re heading towards that, this work, this didn’t do more of this, do less of this, keep adjusting. If you set a goal of getting your business to $10 million. Even if you’ve only started it three months ago and you’ve only made $5,000, you’re gonna take actions that you would need to be on the path to get to 10 Million dollars. If you don’t set any goal or you set a goal of just getting enough to pay your bills or replace what you used to make from your W2 job, that’s probably the goal that you’ll get to. So there’s definitely value in aiming bigger. Because if you aim for 10 million and you miss you might miss because you only got to 7 million. But that’s still pretty good. If you aim to just get to $10,000 and you miss it $7,000 well, you miss. But even $10,000 wasn’t much of a yardstick to get to. So I think his point is if you wanna get to a higher level of success you gotta start with high-level goals and then adjust as you go. And not focus so much on the really small stuff. But focus on the bigger picture, and how you get there, and how you can get there by learning from your mistakes. So I think the message makes sense maybe just framed a little differently. Cause again I think most people if you said “Well, do you wanna be a billionaire?” the answer would be “No. I don’t ever see that in my future.” So right away you kinda lost them. But if you say you wanna have a big success versus a moderate success. Well, it was the same amount of work and effort let’s go for the big one. And then even if you don’t quite get there you’re still pretty big and you always got next year. So I think that is more the point of what this conversation was meant to convey. And I think that is worthwhile advice.