saved up.

蓄勢待發。

That completely shifts your entire mindset.

這完全改變了你的整個心態。

You are no longer going to have a slavery mentality.

你不再會有奴役的心態了。

That sounds a bit too harsh, but it's true.

這聽起來有點太嚴厲了，但這是事實。

Most people, I would say more than 90 percent of the entire population, stick to their jobs

大多數人，我想說整個人口中90%以上的人都堅持自己的工作

not because they are so in love with their jobs ( some people are ) but because they

不是因為他們太愛他們的工作（有些人是），而是因為他們

are afraid of the consequences.

是害怕後果。

You lose your job, you won't be able to make your mortgage payments, that will ruin your

你失去了工作，你將無法支付你的抵押貸款，這將毀掉你的

credit score, that will make it harder to borrow money.

信用評分，這將使其更難借到錢。

It's like a domino effect that destroys your entire life one by one.

這就像多米諾骨牌效應，逐一摧毀了你的整個生活。

And all of that happened because you lost your job.

而這一切的發生是因為你失去了工作。

Imagine for a moment that if you quit or, god forbid, lose your job, but you wouldn't

想象一下，如果你辭職或，上帝保佑，失去工作，但你不會

face the same consequences, wouldn't it be that scary to lose your job?

面臨同樣的後果，失去工作難道不是那麼可怕嗎？

Not really, because paying your basic bills is no longer the question.

並非如此，因為支付你的基本賬單已不再是問題。

The question is, what do you want to do next?

問題是，你接下來想做什麼？

Maybe you actually want to stick to your job because you love it but you get the point.

也許你實際上想堅持你的工作，因為你喜歡它，但你明白這一點。

$100K is not much of money.

10萬美元並不是很多錢。

That's how much you would spend a year living in any major city but do you see what kind

這就是你在任何大城市生活一年所需的費用，但你看到的是什麼樣的情況？

of a difference it makes in your mentality, in your thought process, when you know that

當你知道你的心態、你的思維過程有什麼不同時，你會發現

you arent going to end in the streets should everything goes wrong.

如果一切出錯，你不會流落街頭。

Saving your first 100K is the hardest thing.

保存你的第一個10萬是最難的事情。

Like going from 0 to 100K is much more difficult than going from 100K to a million.

就像從0到10萬比從10萬到100萬要難得多。

Once you get the dice rolling, it gets much easier.

一旦你得到了骰子的滾動，它就會變得更容易。

The problem is that when you have set up your life in such a way that when every penny comes

問題是，當你把你的生活安排成這樣，當每筆錢來的時候

in, has to go somewhere, then you are in trouble.

在，必須去某個地方，那麼你就有麻煩了。

Like I know people who, if their paycheck is delayed for a few days, they would be in

就像我認識的那些人，如果他們的工資被延後幾天，他們就會在

trouble because the next day, they will receive a phone call from their landlord - what's

因為第二天，他們會接到房東的電話--什麼是

happening?

發生了什麼？

Why hasn't rent been paid yet?

為什麼還沒有支付租金？

Nobody wants to ruin their reputation, that could make it much more difficult to rent

沒有人願意毀掉自己的聲譽，這可能會使租賃變得更加困難。

a place in the future, for example.

比如說，在未來的一個地方。

Investing your first money is also not the best idea.

投資你的第一筆錢也不是最好的主意。

I am not saying you shouldn't invest long-term.

我並不是說你不應該長期投資。

You should, but not your first money, not the money that could give you financial freedom,

你應該這樣做，但不是你的第一筆錢，不是可以給你財務自由的錢。

not the money that would give you peace of mind and let you decide what's best for

而不是讓你安心的錢，讓你決定什麼是最適合你的。

you and not stick into something just because You can't afford to keep paying your bills.

而不是因為你沒有能力繼續支付你的賬單而堅持做一些事情。

If you make 70K a year after taxes, that will make it a little less than 6K dollars per

如果你每年稅後收入為7萬，那將使你每年的收入略低於6千美元。

month.

月。

If you manage to save 20 percent of that, which is, to be honest, way more than most

如果你設法保存其中的20%，說實話，這比大多數人都要多。

people can, we are going to assume that you are super disciplined and you can make it.

人們可以，我們將假設你是超級自律的，你可以做到。

That's 14K dollars a year, which means you need more than 7 years to save that much money.

那就是每年1.4萬美元，這意味著你需要7年以上的時間才能節省這麼多錢。

To be honest, that's a pretty long time.

說實話，那是一個相當長的時間。

It's way easier if you get a side hustle and save whatever you make from that side

如果你有一份副業，並且把你從副業中賺到的錢都存起來，那就更容易了。

hustle.

喧囂。

The problem with wealth is that, it's just so hard to make money when you don't have

財富的問題是，當你沒有的時候，賺錢就是這麼難。

money.

錢。

It's actually true that you need money to make money.

實際上，你需要錢來賺錢，這是真的。

When we say that you could be making 7 percent a year.

當我們說，你可以一年賺7%的時候。

You look at your bank account, and you have 200 dollars.

你看一下你的銀行賬戶，你有200美元。

A 7 percent on 200 dollars per year is 14 dollars.

每年200美元的7%是14美元。

What can 14 dollars get you?

14美元能讓你得到什麼？

2 cups of coffee at Starbucks as best.

在星巴克喝2杯咖啡為最佳。

Even if you save up even 20K dollars.

即使你攢下了哪怕2萬美元。

7% on 20k is 1400 dollars a year, which would cover your rent at best.

2萬的7%是每年1400美元，這最多可以支付你的租金。

And you are not even guaranteed to make 7 percent.

而且你甚至不能保證能賺到7%。

You might be making that much over the course of 20 years if you average it up and it could

如果你把它平均化，你可能會在20年內賺到這麼多錢，而且它可以

be down at any given other year.

在其他任何一年都會下降。

Take 2022.

採取2022年。

The entire market is down.

整個市場都在下跌。

So investing doesn't make sense at this point unless you are ready to invest and forget

是以，在這一點上，投資是沒有意義的，除非你準備好投資並忘記

about it.

關於它。

But what if bill gates got an offer to make 7 percent a year.

但是，如果比爾-蓋茨得到一份年薪7%的報價，會怎麼樣呢？

What do you think it means for him?

你認為這對他意味著什麼？

Has he got many, many billions?

他有很多很多億嗎？

If he puts just one billion into that business?

如果他只在該業務中投入10億？

That's 70 million dollars.

那是7000萬美元。

Let's take out taxes and other expenses, that would amount to around 50 million dollars.

讓我們除去稅收和其他費用，這將達到5000萬美元左右。

I am not sure how much bill gates spends per month, but 50 million dollars will get him

我不知道比爾-蓋茨每個月花多少錢，但5000萬美元可以讓他

much more than just 2 cups of coffee at Starbucks.

遠遠超過在星巴克喝兩杯咖啡。

Even if he is not going to make any return on this particular year, that's not going

即使他在這個特定的年份不打算做任何回報，那也不會

in any way to drag down his quality of life.

以任何方式拖累他的生活品質。

He can wait another year or two or even 3.

他可以再等一年或兩年，甚至三年。

He can spend more on that business to make it happen.

他可以在該業務上花更多的錢來實現它。

That's why a lot of business people leverage their positions.

這就是為什麼很多商業人士會利用他們的職位。

If you are certain that you would definitely make money out of this deal, then it's much

如果你確定你一定會從這筆交易中賺錢，那麼就會有更多的機會。

more convenient to borrow money even if you have to pay some interest to turn the small

借錢更方便，即使要付一些利息，也能把小錢變成大錢。

deal into a big deal.

交易變成了一件大事。

That's what Michael burry did.

這就是邁克爾-布瑞所做的。

When he knew that the housing market is about to crash, he borrowed as much as he could.

當他知道房地產市場即將崩潰時，他儘可能多地借錢。

When startups find out that they have a working business model, all they do is just keep borrowing

當初創公司發現他們有一個可行的商業模式時，他們所做的只是不斷借貸

as much as they can to scale their operation.

儘可能地擴大他們的經營規模。

Even it's just a 10 percent return.

即使只是10%的回報。

When you hear the news that Buffett made 10 billion dollars this year, that's like 10

當你聽到巴菲特今年賺了100億美元的消息，這就像10

percent of his 100 billion dollar net worth.

佔他1000億美元淨資產的百分比。

That's like making 10 dollars on 100 dollars.

這就像用100美元賺10美元。

Of course, investing 100 billion dollars is way different than investing 100 dollars,

當然，投資1000億美元與投資100美元有很大不同。

but you get the point.

但你明白這一點。

But it has its own share of risks, like if your deal doesn't work out, what happens

但它也有自己的風險，比如如果你的交易沒有成功，會發生什麼？

next?

下一個？

You could be losing your entire company.

你可能會失去你的整個公司。

If you could ruin your credit score and no one will lend you money again.

如果你可能毀掉你的信用評分，沒有人會再借給你錢。

You could lose all of your assets and end up in the streets.

你可能會失去你所有的資產，最後流落街頭。

It has its own share of risks, that's why it's not like a joke.

它有自己的風險，這就是為什麼它不像一個笑話。

You should be aware of what kind of risk you are taking.

你應該意識到你在承擔什麼樣的風險。

So the term - the rich keep getting richer, and the poor keep getting poorer - is true!

所以，這個詞--富人不斷變富，而窮人不斷變窮--是真的!

That's how capitalism works!

這就是資本主義的運作方式!

It can't be otherwise.

不可能是別的。

Because your income will never rise as fast as inflation and your needs as you grow up.

因為你的收入永遠不會像通貨膨脹和你長大後的需求那樣快速增長。

You moved to a bigger house, that's more expensive, it's really difficult to move back to renting

你搬到了更大的房子，那就更貴了，要搬回租房真的很困難。

a room.

一個房間。

You got married, you get extra expenses, you can't simply back down unless you have a

你結婚了，你得到了額外的開支，你不能簡單地退縮，除非你有一個

good reason.

好的理由。

You are a father now.

你現在是個父親了。

Welcome to a lifelong financial commitment.

歡迎作出終生的財務承諾。

So you are going to get poorer as you age up even though you might be making more money

所以你會隨著年齡的增長而變得越來越窮，儘管你可能會賺更多的錢。

but if you have got a small loan of a million dollars from your parents that would generate

但如果你從你的父母那裡得到了一百萬美元的小額貸款，這將產生

5 percent annually and if you don't touch it and let keep growing, you will keep getting

每年5%，如果你不去碰它，讓它繼續增長，你將不斷得到

richer regardless.

無論怎樣，都會更富有。

That's why the first 100K is that breaking point that will either capitulate you towards

這就是為什麼第一個10萬是一個突破點，它將使你對自己的行為投降。

financial freedom or keep you struggling financially, most likely for the rest of your life, and

財務自由或讓你在財務上掙扎，很可能是在你的餘生，以及

it also depends on when are going to make that $100K. If you can achieve that in your

這也取決於你什麼時候能賺到那10萬美元。如果你能在你的工作中實現這一目標

20s.

20s.

You have done yourself a great favor, but if you achieve it by your 50s, then that's

你已經幫了自己一個大忙，但如果你在50多歲時實現了這一點，那就是

not going to be as advantages as making in your 20s, since you will have lived most of

不像20多歲的時候那樣有優勢，因為你已經活了大半輩子。

your life, assuming you will have an average life expectancy of 77 years.

你的生活，假設你的平均預期壽命為77歲。

I can say that from my personal experience.

我可以說這是我的個人經驗。

When I got to the point where I was confident that no matter what happened, I can at least

當我到了有信心的時候，無論發生什麼事，我至少可以

not work for an entire year and I will be fine, my entire perspective on life changed.

不工作一整年，我就會好起來，我對生活的整個看法都改變了。

I stopped looking short term and focused on the long term.

我不再看短期，而是專注於長期。

If you have the discipline to go to 100K, you will have the discipline to go to a million.

如果你有紀律去做10萬，你將有紀律去做100萬。

That's not always the case, but that's usually what happens.

情況並不總是這樣，但通常是這樣的。

The only thing that I would strongly advice you to keep in mind is that - its not forever.

我強烈建議你記住的唯一一點是--它不是永遠。

Its temporarily.

其暫時的。

It's like a journey to go to somewhere that's better than where you are.

這就像一場旅行，要去一個比你所在的地方更好的地方。

If you are afraid planes like me, then you force yourself to be a little bit patient

如果你像我一樣害怕飛機，那麼你要強迫自己有一點耐心。

because you know that once you reach that destination, you are going to feel far better.

因為你知道，一旦你到達那個目的地，你就會感覺好得多。

Focus on that destination.

專注於該目的地。

Whenever you feel like you are about to give up, imagine how life would be once you get

每當你覺得要放棄的時候，想象一下，一旦你得到了，生活會變得如何？

there and if you don't get there, imagine how horrible life will be further of you do

如果你不能到達那裡，想象一下，如果你到達了那裡，生活將是多麼的可怕。

not hit that milestone.

沒有達到這個里程碑。

I wish you all the best.

我祝願你一切順利。

You can let me know in the comments how do you plan to hit your first 100K.

你可以在評論中讓我知道，你打算如何衝擊你的第一個10萬。

Thanks for watching and see you in the next one.

謝謝你的觀看，下一集見。