Episode description

▸▸ Get My New Book (Buy Back Your Time): https://bit.ly/3pCTG78

Back in 2009, we had a major issue that we had to solve in the business.

And when I asked my business partner, Ethan, to meet me in the office, he said he couldn't...

Now, we’d just raised a million dollars from some of the top investors in San Francisco, we're building up the team, and we ran into an issue with our product.

So I asked him "Why can't you meet?"

And he was like, "Hey man, I've got to get some laundry done."

I'm like “Okay I know it's Sunday, but you can do your laundry on any other day.”

He said “Yeah but I got a plan, and if I don't do it…” da da da da.

So I told him “There are literally three different laundromats on your way to work that do wash and fold.

They'll do it for like $35.”

He’s like “Yeah, man I'm not really paying myself enough. I'm barely making rent.”

Here's a situation where we just raised a million dollars to build the business…

And he can't come work on the business because he's too busy doing LAUNDRY.

Crazy, isn’t it?

He’d rather trade his time for a few extra bucks than trade a few bucks for extra time.

Most founders start like this. I did too.

But the wealthy spend money to save time.

Once I've got that time, I invest it in acquiring new skills that allow me to become more valuable.

Then I get to make more money to buy time to invest in more skills.

That is the way it works.

This is just ONE way the rich think differently about money.

And if you want to be truly wealthy…

There’s a whole bunch more you need to know.

That’s why in today’s video, I’m sharing the 14 rules of money that made me so rich I questioned the meaning of money.

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Twitter: @danmartell