why 99% of men die poor lol

Summary notes created by Deciphr AI

https://www.youtube.com/watch?v=C-ppdEq0IQU
Abstract
Summary Notes

Abstract

The discussion focuses on why most men die poor, emphasizing three core themes: personal responsibility, aggressive competitiveness, and self-sacrifice. It argues that many fail financially because they adopt a victim mentality, avoiding accountability for their financial situation. Success requires ruthless competition and a willingness to outwork others, challenging the fairness taught in school systems. Additionally, personal growth involves sacrificing parts of one's identity that hinder success, such as being overly agreeable. Ultimately, achieving wealth demands a relentless drive to compete and a readiness to evolve one's mindset and behavior.

Summary Notes

The Reality of Wealth Distribution

  • Most men die poor, despite societal values that suggest wealth can be measured in non-monetary terms like family or happiness.
  • A small percentage of men (1%) control a vast majority of the wealth (99%).
  • Understanding the disparity in wealth distribution is crucial for those aspiring to be wealthy.

"The pretty sad truth is that most men die poor. Now, I'm not talking about like having a family or having kids because plenty of people are rich in that respect."

  • This quote highlights the distinction between financial wealth and wealth in other aspects of life, emphasizing the focus on monetary wealth.

"Why is it that 1% of men own 99% of all wealth, all capital, and all these things?"

  • The quote points out the extreme concentration of wealth among a small percentage of the population, underscoring the inequality present in wealth distribution.

Competition for Wealth

  • Individuals are in competition with each other for wealth, particularly those who are aware of the opportunities and actively pursue them.
  • The pursuit of wealth is a competitive endeavor, where each person must outpace others to succeed.

"If there's a hundred of you watching this video, you guys are all up against each other, right?"

  • This quote illustrates the competitive nature of wealth accumulation, suggesting that individuals are in direct competition with one another.

The Unfairness of the Market

  • The market operates on principles that are not aligned with fairness or the educational system's teachings.
  • The disparity between expectations set by societal norms and the reality of the market leads to disillusionment for many.

"An important thing to understand about the way that money works in this world as someone that's made lots of money is it's not fair."

  • The quote emphasizes the inherent unfairness of the market, contrasting it with the fairness often taught in educational systems.

The Role of Personal Responsibility

  • Personal responsibility is crucial in determining one's financial situation.
  • Victim mentality is a significant barrier to financial success; taking responsibility is essential for overcoming poverty.

"The first reason that most men die poor is that they become or allow themselves to become victims."

  • This quote suggests that adopting a victim mentality can prevent individuals from achieving financial success, highlighting the importance of personal accountability.

"The second that you absolve yourself of the responsibility of your financial situation is the second that you will stay poor pretty much for the rest of your life."

  • The quote stresses the importance of taking responsibility for one's financial situation as a key factor in achieving wealth.

Control and Reaction

  • Success and wealth-building involve understanding what is within one's control and what is not.
  • One's reaction to life's challenges, even those beyond control, is crucial in the journey to wealth.

"Building wealth and building success is often about realizing what is in your control and what is not in your control."

  • This quote underscores the importance of distinguishing between controllable and uncontrollable factors in the pursuit of wealth.

Building Wealth and Competition

  • Understanding wealth-building involves recognizing the competitive nature of markets.
  • Success in markets like stock, crypto, or online business requires outcompeting others for the same customers.
  • Traditional education often emphasizes fairness and inclusion, which may not align with the competitive realities of wealth-building.

"There are millions of other men in the world watching this video and other videos like this who want to go after the same thing as you and you're up against them."

  • Highlights the competitive environment in wealth-building; many are striving for similar financial goals.

"Building wealth and making money is competition because in the market whether it's in the stock market or the crypto market or the agency market or the make money online market for you to make money you have to take that money from someone else."

  • Emphasizes the zero-sum nature of financial markets where success often means outperforming others.

"Most school systems and the way that we've been raised in the West is we've kind of been raised as Like we've been told to like include people and play fair."

  • Critiques traditional education for promoting fairness over competitiveness, which may not prepare individuals for the realities of wealth-building.

Aggressive Competition

  • To succeed financially, one must be more ruthless and work harder than others.
  • Aggressive competition involves a willingness to outwork and outperform others, sometimes at the expense of traditional notions of fairness.
  • The mindset of being "nice to everyone" is challenged as potentially detrimental to financial success.

"You win by being more ruthless. You win by being by working harder. You win by burning yourself out more."

  • Suggests that financial success requires intense dedication and a willingness to push beyond normal limits.

"If you want to make money and you want to be in that top 1% and you want to own more than everybody else combined, then you have to be more ruthless."

  • Asserts that achieving elite financial status necessitates a competitive and relentless approach.

"You have to be willing to crush people in your way, your competitors."

  • Encourages a mindset of overcoming competitors to achieve financial goals, while maintaining moral integrity.

Responsibility and Victim Mentality

  • Many fail financially because they do not take responsibility for their financial situations.
  • Allowing oneself to become a victim of circumstances can impede financial success.
  • Being aggressively competitive is distinguished from merely being competitive.

"The first kind of two points to why most men die poor is one they don't take responsibility for their financial situation and they allow themselves to basically become some massive victim of life."

  • Identifies lack of personal accountability and victim mentality as barriers to financial success.

"They're not willing to aggressively compete because there's a difference between being competitive and being aggressively competitive."

  • Distinguishes between passive competition and the proactive, intense competition needed for financial achievement.

Competitiveness and Winning

  • Success is often linked to a strong desire to win and an aversion to losing, which can be observed in both professional and personal settings.
  • Individuals who are successful tend to exhibit a high level of competitiveness, sometimes to an irrational extent.
  • The approach to games, sports, and hobbies can reflect one's approach to business and life, emphasizing the importance of taking things seriously.

"The most successful people that I know, like if I ever play like golf with them or any sort of sport with them or anything, if they lose, they are pissed."

  • This quote highlights that successful people have a strong dislike for losing, which drives their competitive nature.

"No one will ever play Monopoly with me because I take it too seriously. And so like they just want to have fun and sort of enjoy the game, but I'm there like I must win this thing."

  • The speaker uses Monopoly as an example to illustrate their intense competitiveness, showing that this trait extends beyond work into leisure activities.

Responsibility and Competition

  • Life involves constant competition, often against others, and achieving success requires embracing this competitive aspect.
  • Historical examples demonstrate that those who succeed are often those who are willing to compete fiercely.
  • The mindset of competition is not limited to business but is a broader life approach.

"What you need to do if you want to not die poor is take everything that seriously because the way that you treat your games and your sport and your hobbies and other things outside of work is the same way you will treat your business."

  • This quote emphasizes the importance of taking all aspects of life seriously, as they reflect one's approach to business and success.

"The entire life that you live against is against other men. And I don't want to come across as some like, you know, red pill here, but it is true."

  • The speaker acknowledges the competitive nature of life, suggesting that success requires an understanding and acceptance of this reality.

Sacrifice and Personal Growth

  • Achieving success often requires sacrificing parts of one's current identity or persona to allow for future growth and development.
  • Personal introspection and self-audit can help identify misaligned traits or behaviors that may hinder success.
  • The process of self-improvement may involve changing aspects of one's psychology to better align with desired success.

"You need to be willing to sacrifice large parts of yourself in exchange for future parts of yourself to come to fruition."

  • This quote underscores the necessity of personal sacrifice and transformation for achieving future success.

"I had to almost do like an audit on my psychology. And so you know one thing that I really struggled with in my first year of business was I was way too nice to people."

  • The speaker shares a personal experience of self-audit, identifying and addressing traits that were not conducive to business success.

Importance of Balance Between Niceness and Assertiveness

  • Being overly nice and agreeable can lead to being taken advantage of in various aspects of life, including business and personal relationships.
  • Recognizing the need for a balance between kindness and assertiveness is crucial for personal and professional success.
  • Developing assertiveness involves understanding that success requires certain traits and characteristics that may need to be cultivated.

"You can't just be a dick all the time. But I was way too nice and way too agreeable and way too soft when I was like 18 or 19."

  • The speaker reflects on their past behavior, acknowledging the negative impact of excessive agreeableness on their life.

"It wasn't until I recognized I was like, 'Oh, the reason that I'm losing so many deals and the reason that, you know, I'm not making as much progress is because I'm just too nice.'"

  • Realization of how being overly nice hindered progress and success, particularly in business deals.

Personal Responsibility and Self-Assessment

  • Success or failure in life is primarily determined by personal attributes and actions, not external factors.
  • Individuals must take responsibility for their current situation and avoid blaming external circumstances or other people.
  • Conducting an honest self-assessment can help identify personal traits that may be hindering success.

"Where you are right now in life is because of you and no one but you."

  • Emphasizes the concept of personal responsibility, stressing that one's life situation is self-determined.

"It's not because of the market. It's not because of Trump. It's not because of Andrew Tate. It's not because of Elon Musk."

  • Lists various external factors often blamed for personal failures, reinforcing the idea that these are not the true reasons for lack of success.

Overcoming Victimhood and Embracing Change

  • Overcoming a victim mentality is essential for achieving success and personal growth.
  • Individuals must be willing to identify and change personal traits that are detrimental to their goals.
  • Sacrificing certain aspects of oneself may be necessary to achieve larger goals and ambitions.

"You have to do a little assessment on yourself and ask yourself like, what is it about me that is holding me back from being successful?"

  • Encourages self-reflection to identify personal barriers to success.

"You've got to realize that all these little parts of you aren't necessarily things that have to stay. Like you can change them and you can mold them and adapt them."

  • Highlights the potential for personal change and growth, suggesting that individuals can reshape their traits to better align with their goals.

Reasons for Financial Failure Among Men

  • Many men fail financially due to a lack of personal responsibility and an unwillingness to compete aggressively.
  • Success requires a competitive spirit and the ability to adapt and change personal characteristics.
  • Embracing competition and making necessary personal sacrifices are key to financial success.

"That's really why most men die poor. First of all, they absolve themselves of any responsibility and just become victims."

  • Identifies the tendency to avoid responsibility as a primary reason for financial failure.

"They're not willing to ruthlessly compete and they don't want to get like aggressively competitive against other men."

  • Points out the reluctance to engage in competition as a barrier to financial success.

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