“Never be the person signing a contract that you don’t fully understand” - Tai Lopez (click to tweet) How careful are you about the contracts that you sign? Do you read them and fully understand them, in all of their details, before attaching your signature? Or do you think it will all just magically “work out” somehow for you? Too many people do the later. They don’t pay enough attention. This is such a common thread you see in the world: Plain ignorance. As I say on this episode, the root of all the problems in the world is not the rich getting richer. The root of all problems is ignorance, plain and simple. But, in a lot of ways, it’s not everyone’s fault: The schooling system has set them up for failure. It’s set them up to go through the most formative years of life without learning the most practical skills. Things like money management, entrepreneurship, just pure logical thinking, all get passed over, and, to make matters worse, children are given tons of sugar through the sodas they drink, and then forced to sit through a standardized test. It’s no wonder people don’t come out with good critical thinking skills. Don’t be someone who contributes to the main problem in the world of ignorance. Educate yourself, and learn to be smarter and more practical. “The root of the problems in the world is not the rich getting richer. It’s ignorance” - Tai Lopez (click to tweet) Points to Keep In Mind Be very careful with money. Always underestimate your claims to insure you are safe with your estimates Manage people’s expectations by underestimating Videotape something if you could potentially need more proof in the future If you ever invest money in something, don’t expect it to come back. Only give money you can survive without ever seeing back Don’t personally guarantee anything unless you are ready to pay the full thing, because you may have to Never be the person signing a contract that you don’t fully understand Children should start learning practical money management techniques young School should focus more on skills Incentive people with what works to incentivize them! Whether that’s cars, girls, mansions, do what actually works! People at the top should raise up everyone else, not keep them down The root of the problems in the world is not the rich getting richer. It’s ignorance Learn more about your ad choices. Visit megaphone.fm/adchoicesSee omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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