Garry Tan’s simple rule to becoming wealthy

Money is not real. Photo by Alexander Mils on Unsplash

We all want to be wealthy. The question is how?

Garry Tan made a video about how to get wealthy. Here are the highlights.

In order to achieve something, we have to know what it is. So what is wealth?

Dictionary defines wealth as ‘an abundance of valuable possessions or money.’

Garry defines it as not just money. In fact, money is not real.

Alan Watts said ‘money is not real’. Money has the same relationship that words have to meaning. Just like words represent real things or meaning, money is an accounting of economic power. Money is a way of measuring wealth but is not wealth in itself.

Alan said “A chest of gold coins or a fat wallet of bills is of no use whatsoever to a wrecked sailor alone on a raft. He needs real wealth, in the form of a fishing rod, a compass, an outboard motor with gas, and a female companion.”

Garry defines wealth as owning an engine of money aka a business. You want to create and own the engine, not just be a well paid cog in it.

The best way to start doing this, is look for leverage. Don’t just sell your time.

Find a way to start or create something what will earn you money as you sleep.