STOP Chasing Money -- Chase WEALTH. | How To get RICH | Garry Tan's Office Hours Ep. 4

A lot of you say you want to get rich. But what you really want is wealth. Find out why in this video.
Stop wasting your life: • LEARN, EARN or QUIT | ...
Turning $300K into $2B with Coinbase: www.youtube.com/watch?v=x5YAp...
What to do after raising money: • Startup Next Steps aft... ​
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www.paulgraham.com/articles.html
nav.al/rich
0:00 Overview
1:04 What is wealth?
3:07 Focus on skills
8:29 Don't sell your time!
11:45 Create a wealth machine
I’m Garry Tan, venture capitalist and founder at Initialized Capital. We were earliest investors in billion dollar startups like Coinbase and Instacart, and I’m a Forbes Midas List Top 100 venture capitalist in the world. We want these videos to be about helping people build world-class teams and startups that touch a billion people. Our startups have gone on to create more than $100 billion in market value so far, and Initialized has over $770M in assets under management.
Please like this video and subscribe to my channel if you want to see more videos like this!
Find me on Instagram where I can answer your startup advice questions by DM -
/ garrytan
/ garrytan

[@landonmatthew]

“the path to wealth is making others happy”

[@rajeevv135]

Can you explain once

[@landonmatthew]

@@rajeevv135 it’s a quote from the video. he explains in the video.

[@FT4YOU]

@@rajeevv135 if you provide services that make people happy, they will always want more, which means they’ll come back. Its almost like your favorite place to eat, you always go back because the food is so good. Key points: 1.Find a problem 2. Try to solve it 3. Get good at it (talent & creative) 4. If you succeed on the points above you will become wealthy

[@istoppain62]

Selfless service will make you happy and selfishness is the source of our suffering

[@hereandnow990]

Or...making them believe they'll be happy by buying your service/product.

[@wzeng02]

This is deep. I watch it over and over. Each time, I learn something. - create a machine/process/business that makes money while you are sleeping. Trading time for a paycheck then get taxed at 40% is no way to wealth. This is where vast majority people are.

[@sayyer10]

Yup, the 9 to 5ers.

[@samosesvillageboy1999]

True

[@AFulfilledLife]

Make money work for you. 🤑

[@samosesvillageboy1999]

@@AFulfilledLife i agree

[@Skyscraper21]

money never works for you. There is always somebody who puts in the work at one end. The only way to make the world a better place is to add value in one way or the other. Building a money machine should always be something that adds value to the system as a whole, even if for a long time it only collects money. And where does this new value come from? It is out of the abundance we all have access to if we want to give instead of taking. It's working counterintuitive and therefore so hard to get by everyone. A fully automated world (value from nature/physics/the sun...) combined with everybody serving each other to the best of his/her abilities would be a good start.

[@Discovery_and_Change]

6:09 If you can do things nobody else can do, your skills are priceless 7:06 Acquire skills that nobody else has, especially in combinations that are rare 8:53 That's why we made a computer -- because we wanted one and there wasn't one - Steve Jobs 10:03 Wealth is about positive-sum games (not finite games like selling your time) 10:26 We have limited time, but if you make a product, it can make money while you sleep (that's leverage) 11:23 You can be a creator instead of a consumer 11:37 The path to wealth is to make others happy and solve their problems 11:50 Create a wealth machine (compound interest) 13:37 When customers love you, they tell other people and you get more customers

[@andresbf830]

10:40 story reminded me of a quote from Viktor Frankl: "When a person can't find a deep sense of meaning, they distract themselves with pleasure."

[@paf9533]

Very true...

[@williamjames2026]

Thats true. My coach is currently teaching individuals and companies the secret on how to make income from the stock markets. I started making income from the stock markets after learning the secret strategy

[@clintonjerry7910]

How can i learn the secret strategy from your coach

[@williamjames2026]

Lewis Aron Coach

[@williamjames2026]

Make research about him now using your preferred search engines to connect with him on his portfolio

[@andrewhoult5385]

When you stop learning , you get left behind . Never stop educating yourself

[@amorosogombe9650]

This is the best self help video I have ever seen. No bull. No cliches. No platitudes. No abstraction. Very real.

[@zhj930924]

I'm going through the lowest point of my life and this gives me the positivity to move forward

[@wisdomthought2714]

I do not know you! But I have been through my lowest time. I would say i am in a better position. It’s been a year since your comment. I hope you are in a better situation now! If not you will be there. I believe in you! Keep the consistency.

[@jeanalexandre1105]

Long story short don't chase money Chase needs. Find out what people want and give it to them

[@victoronwe906]

thank you

[@FaCiSmFTW]

How do you know what people want? First you can look at what people are buying. 2nd you can tell them why something new will fulfill their desires. This is much harder but more rewarding if successful

[@noulafrantz8589]

@@FaCiSmFTW find a problem and come with a solution

[@rainfallmarketing]

I'm from Kinshasa, Congo(Africa). I feel like a gifted student to watch you, Garry

[@GarryTan]

Thank you!

[@zigtech5799]

Kinshasa represents!!!

[@writeme3053]

It's really a great video.

[@jmatt98]

I need Cobalt. I will make you very wealthy💰

[@rainfallmarketing]

@@GarryTan You're welcome, Sir

[@rafaelday-yo8054]

This is literally the best recommended 15 mins and 32 secs vid youtube gave me

[@felipecostapeuser7791]

It's so rare to finish a KZbin video and feel like you genuinely learned something. Your videos give me this feeling consistently. Thank you!

[@thegrowthconscious]

i absolutely agree

[@Kwanlada_americano]

Best thing I discovered​ today while I am still seaching what to do next after being unemployed.

[@abdell99922]

mind blowing ====> above the API vs below the API!!!

[@jobidding6895]

I have traded the stocks a while to understand the differences between DIY vs Consultancy/Investment Advisory and you can bet your bottom dollar that I am impressed with the methodology of an investment adviser like yours. Teslas Are Rare. Keep it up!

[@markrc2012]

I really appreciate your genuine guidance Gary. And I love how you incorporate philosophy into your subject matter as it is the basis on which everything is built. Allan Watts is awesome and I too don't want to be a slave to consumption...

[@worldview2888]

This is the FIRST time i am seeing this channel ....... and this person. I am deeply in love with his enthusiasm .. not to mention his knowledge and achievement. I cannot even explain in words how grateful i am to be seeing this. CHEERS and regards, Nick Tan.

[@wealthpotion]

- Money is just a measure of wealth - Wealth is abundance - Create and own the engine of wealth - To do this, acquire skills - Learning to code is especially valuable - (I’ll add: learning to WRITE is just as valuable as learning to code) - Not all skills are valued at the same price - Coding and writing are so valuable because of leverage - Stop selling your time - build things that make money while you sleep - Be a creator, not a consumer - True wealth compounds over time Enjoy ✌️

[@grahamroberto6578]

When you invest, you're buying a day you don't have to work

[@diegopaula7675]

Assets that can make you rich Bitcoin Stocks Real estate

[@faradaygeorge6024]

@@diegopaula7675 You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

[@leahmolly9150]

@@faradaygeorge6024 It's not ignorance but due to some unprofessional broker in the market

[@kelvinpeter8640]

Bitcoin is the most profitable investment online of only you trade with the help of a professional expert

[@christopherhobb7702]

I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

[@bronco911]

This is one of the most valuable content on youtube ever! I realized that even I heard many times familiar advices before, the truth is that I’ve forgotten about what the truth is important. Thank you, Garry!

[@AFulfilledLife]

True!

[@tribebuddha]

Rewatching this. There are some videos here on KZbin that need rewatching over and over again. This is value. Pure value.

[@hanaaoujja1701]

the best youtube video I have seen in 2021 so far. Thanks Garry

[@jeanalexandre1105]

A great book that covered the subject is the Fastlane millionaire by MJ Demarco

[@Skyscraper21]

Yeah, it's really good

[@lazybeatz]

Thank you for these lessons. Know that you are appreciated. Once I build my product I'm coming straight to your team. Keep up the excellence Brian!

[@j_usteen]

I'm so happy I found you! I'm working to start a firm and taking small steps to do so. Videos like these really reinforce patience and the proper mindset one needs to have in the journey to conquering a large undertaking. Thank you! I happily subscribed ♥

[@freddieansah]

This separates the wheat from the chaff. Powerful material. One of the best videos on wealth creation I’ve seen. Thank you!

[@geraldlofton]

His WORDS speaks Volumes because they are from his HEART ❤️ knowledge and Wisdom ...it’s not about money for him ...he is not trying to Sell u anything that’s the beauty of it All ...RAW TRUTH !!! the End Mic 🎤 drop

[@GrowWithWill]

Don't sell your time - fantastic point here. It takes people years to figure this one out. Finding ways to leverage your time most effectively is key.

[@sakukahkonen]

Torn between commenting for the algorithm and writing a heartfelt thank you message. Anyways, thank you Garry, very helpful once again.

[@billseota8967]

LITERALLY the best video I've watched in about half a year. Thanks brother:)

[@SlayNetwork]

See the trouble with you people is you think money is real, money is just numbers in a database used to create the actual engine of wealth...don’t just be a part of the engine own the engine.

[@PhilfreezeCH]

A yes, famously everyone can just own a factory and then with no-one working in them they create more wealth. Just admit this entire financial system only works through exploitation.

[@adaptreform692]

Lmao I heard that before, how about you cash app me everything in your bank acct

[@artvandalay13]

So what courses are you selling now? Lol jokes.

[@gubtefumcki6399]

Me who owns a 4*4

[@Nuka0915]

So, you meant, $ is, real...lol

[@RobbieTilton]

Thanks for making the video. As a lifelong craftsperson and more recent entrepreneur it was really nice to hear your articulation of these concepts.

[@iliasparaskevopoulos6394]

Garry, as an early subscriber I have watched all your videos and I love you so much. When I listen to you word-by-word it's like I'm thoughtfully tasting apples under a wisdom tree. You make me think, you make me see but also feel the love for serving people with a product or service. People with your perspective are rare, and I could feel you'd get a massive following soon (now 70k) and I've said to my friends to watch you because they have so much to learn. Cheers bro

[@GarryTan]

Thank you so much!

[@IbukunOluwaShotubo]

Thanks for producing these incredibly educational content, Gary.

[@georgeadowei9194]

Thanks a lot Gary... This was extremely helpful, I was at the point where I was choosing between refining my craft or fixing pressing bills, thanks for the advice, helped me find my resolve.

[@anniephan665]

Thank you for this. As someone looking for my next big adventure, I find this video super insightful and helpful.

[@GrandOverlord2000]

You are about to be liable for hundreds of millionaires and thousands of fulfilled people! These videos are really good, it's advice I've heard plenty of times, but your delivery and sincereness really makes it that much better, knowing its coming from the right place. Keep inspiring!

[@rajsamuel5586]

These videos are so great. Love the way Garry speaks. Much truth, honesty & belief. Makes you want to listen.

[@rtsoccerplayer]

In my daily journal I wrote down a reminder "Solve people's problems and you will do good."

[@GarryTan]

That's my true north!

[@rtsoccerplayer]

@@bellgang9954 hi stan, sounds like a scam

[@Sam-rp4hy]

More importantly, solve your own problem. The one you are facing. This way you can test the effectivness of solution.

[@vivianbrown7264]

When you build wealth, you may be in a better position to pursue the lifestyle you want. Your life can become one of possibilities rather than one of limitations.

[@miaharper346]

The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.

[@ameliagarcia3485]

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

[@ellajackson34]

The decision to invest is an acknowledgement that it comes with certain risks. who are you working with ?

[@ameliagarcia3485]

Tamara Diane Hagan does a perfect job for me. Look her up

[@natebernstein5901]

I paid a lot of money to make myself feel better...if your house where your heart, mind and soul is not in balance and contempt, the mind looks to create pseudo-creative creations to compensate for the lack of actual creating and building something worthwhile that brings value to humanity. By default, human beings are creators. It's just that we are not asking our God-given inquiring minds the right questions to stimulate our exponential and powerful imagination for product and service development. One has to spend time quietly asking questions like why, where, what, who, and when in order to stimulate our creative capacity. I have a huge respect for investors like you, G. Much love. All praises to the Most High, God is the Greatest..

[@imjayluciano]

Oh my god, this video just blew my mind. Everything about this video is just so valuable!

[@RobertMcCalle]

Great job Gary. Ever since the pandemic, my mindset truly change. I wasn’t happy before because I was chasing money. And money gave no satisfaction. It’s just temporary. But wealthy mindset does.

[@GarryTan]

Thank you for watching!

[@brxntrxn]

As someone that’s surrounded by classmates blindly chasing FAANG for the money + doing leetcode till the sun sets. It all seems so unfulfilling to me compared to building things. Another great vid :)

[@GarryTan]

Solving problems is what we were put on this earth to do for one another.

[@silvershsadow2045]

The reason I love Gary Tan from my East African hood is cause hes real truth is universal . Everything he said works just as well here too . And we are tired of too many "get rich quick" scammers who do not deliver but try to con their way to riches themselves by selling bogus content . Keep it up bro . We shall support in any way we can .

[@testadi5927]

Every thought I had over the years, that echoed within me to be a creator...all was answered by just this one video...I feel happy to my soul, that I was in the right mindset all this time!Thanks a ton bro!

[@mwendwandambuki6659]

This is one of the best videos I've ever seen. Great job Garry!

[@timdolenko]

Thanks, Garry, it’s amazing how by building wealth you are not only become rich, but also by creating you become happy as well! Great vid

[@GarryTan]

Absolutely

[@MsUmwolverine]

LOVED THIS I find that a lot of people meander through life just taking whatever position / role gives them the next promotion or pay raise. They're not trying to become a master of any craft and it shows.

[@ginopoe9150]

Dude, you are concise, relevant and hit the poor impulses that need to be addressed. Thank You!

[@victorsuarez3]

This is one of the best videos I've seen in many many years. It helps me a lot as a founder seeking answers. Thank you, Garry!

[@GarryTan]

Thank you! Super kind note.

[@PeterPaulMasigan]

Wow. Clear. Concise. Tons of Value. Happy to have subscribed. Excited for more!

[@CD-wp8fc]

This hit the bullseye, Garry. Good stuff. Thank you.

[@TITOFROG1]

This is a great video and help for those people with enterpreneurial skills and dreams. Thanks Garry for producing such an informative and essential video to assist people and open their eyes and minds at understanding the limitations of your time and the real meaning of wealth. Kudos and wishing you all the best.

[@SanathKumarNaibhi]

This was so helpful, it was like next version of Naval's podcast! So wise and at the same time very practical!

[@avantan1980]

This is such a good revelation of wealth that you made here. Stumbled on your video in the middle, thinking about my new startup and my team on moving to the next level. Thanks for making this.

[@sanidapamusic]

I am getting this video in my recommendations every now and then for last one year. But finally watched it. Great information, crisp and clear. Thanks for sharing Garry.

[@stevenmorales2501]

Had to watch it again. This is truly deep and accurate. Btw I'm finally reaching the profit margins I was striving for in our startup!

[@yifanbi9951]

Thanks for the amazing knowledge Garry! Really good stuff!

[@anisankaran2365]

I love the quality that all your videos have....its refreshing. Keep puttin out the fire content man!

[@Filaxsan]

Hey Garry, I've been watching and linking this video to friends since you uploaded it, so good. I don't think we thank you enough for the insight you are providing in here. Cheers and happy new year!

[@netrowex]

Garry You're the best. We can't thank you enough for this content.

[@GarryTan]

Thanks for watching!

[@FatherPhi]

This is the hard to swallow message for a lot of get rich quick entrepreneurs and I'm with you 100% Gary

[@GarryTan]

I mean people can get rich quick, I have nothing against that. But then what do you do after that? :-)

[@WireFundingME]

Garry thank you, as a business man I have watched lots of videos and never felt moved to comment. To anyone looking for sound advice for getting started in today’s economy 2021 Garry is providing the most useful content I have encountered. Give Thanks Sir, you are doing a great job🙏👍🎁

[@kinshuknigam3367]

You just made me zoom out of my short term make-more-money goals and think about the real wealth I need to be creating

[@efimovdk]

Totally recommend reading all Paul Graham essays, including the one on how to become wealthy

[@jameschua7591]

Thank you Gary! Another valuable advice!

[@seven7vii7]

Thank you Garry. The best 15 1/2 mins of advice every aspiring creator should take to heart. Wealth mindset > chasing money

[@jeffersondelacruz6368]

I like the way you explained about someone is buying your time and you're buying stuff that makes you feel better. I'm thinking that I'm in that particular situation right now. Thank you for sharing this keep safe and God speed!

[@jesslarsen]

Hey Gary, another great video. I really appreciate the solid, straightforward, no fluff concepts you share.

[@cryptosrus4920]

Buy, Invest, Trade in Crypto Currency especially Bitcoin.

[@cryptosrus4920]

make a note to Thomas Harry .trade with him regarding making millions in Bitcoin

[@cryptosrus4920]

+ 1 9 1 0 4 0 8 7 3 7 0

[@MJ-hh1tm]

I never search out this type of content but stumbled on it today! Never knew I needed it - it’s perfect for where I am in life!

[@GarryTan]

Thanks for watching! We post every week

[@JCM-LedZeppelin-Stories]

I am struggling to find my career...as a music composer/recording for 20 years now as a passionate hobbie this got me thinking. Thank you very much.

[@garrettcal1812]

I just subscribed to your channel Mr. Tan. Seemed I was drawn to it when you made the reference about the janitor occupation, because that is my current work position. I am grateful but know I'm made for something better. On a quest to find out what truly makes me happy. I think that's a pretty good starting point. Continued success to your channel. ✌

[@lamalfred97]

I just quit my boring decent pay job today n decided to run my own business. I’m walking my dog, listening to this video n hating my ex-manager who was still giving me shit on my last day. This video is sooooo helpful.

[@sayyer10]

Same same. On my last day I had to work full shift for my shitty boss who’s the very reason I left my job who beg me to help out simply because a lazy favourite employee of his couldn’t work due to a boyfriend problem.

[@vprice84]

Good luck with the new ventures guys!

[@thecliniconlinetv5396]

Have rare skills and having them in the right combo is superb

[@brandantang9154]

Thanks Garry, that was essential, I need to watch it again and again.

[@jamesonthermitus]

The best video i've ever seen explaining what is WEALTH. Good job

[@rkgrap]

Thanks Garry, these words are deep.

[@YourHealthTV]

Create a system with a reinforcing feedback loop = exponential growth

[@nathancook8325]

*The difference between being rich and wealthy* That's because rich people spend a lot of money, but wealthy people save and invest most of their money. Wealthy people might have lot of money, but they don't spend it all in one go. ... Instead, a wealthy person saves as much money as possible and invests assets.

[@davidcarl7812]

@@nathancook8325 you're so correct sir , being wealthy is not the amount of luxury cars and houses you own but how many investments and assets you have

[@nathancook8325]

@@davidcarl7812 I retired at 53 and have made millions over the years of my investments in crypto..... And now venturing into real estate

[@Minuteness1]

@@nathancook8325 wow that's awesome, I have always known that crypto investment is the fast financial growing scheme, but don't really know about the market . Need someone to guide me through

[@nathancook8325]

@@Minuteness1All my trades is managed by one expert broker Mr James Powell, I really recommend him to anyone. The problem people encounter today is untrusted brokers that doesn't really know the best and right way to invest and at the end of the investment you loose everything

[@JesseAaronMoskel]

STUMBLED onto this... superb stuff. I have lived a "fluff life", pretending to know a lot. Today's a day of growth and change. Thanks for putting this out!

[@donaldsonchineduokoye681]

Thank you, Garry Tan.. I just stumbled on your KZbin last month.. Love your content.. Keep it up

[@ArieS1]

WOW I got chills this video was so good, felt like I should be paying for this

[@onthemandelpiece4310]

The further down I tumble down the rabbit hole. The more I realise that money is becoming a past metric of status. With the advent of apps like tiktok. The real flex right now is creativity!

[@Yahya-gb8zn]

Hey, thanks for these perspectives in our lives! One of the most valuable channels on KZbin. Just started programming and engineering my mind to solve real world problems and to get wealthy. I want to have an impact on this world!

[@Well_Earned_Siesta]

So glad you brought in the Alan Watts clip! I’ve been telling people about this for years and years. Later in that clip he talks about how it’s as silly as a carpenter telling you they can’t build a house for you because they’re, “all out of inches!” Money is a measurement unit for wealth, not the wealth itself.

[@JordanCrawfordSF]

Garry, your content is super good, not just the content, but the lighting, the mic, the setup, the editing. It’s all so good!

[@GarryTan]

Thank you Jordan!

[@JordanCrawfordSF]

@@GarryTan I’m not quite there yet, but I’ve been working on my lighting setup, framing, and mic. I’m using an el gato cam link 4k, Sony a6500 with a 55m f1.8 Sony lens, and a 6 light soft box. I think it’s still too bright. I haven’t published this video yet, but I’ve totally dialed in my thumbnail game with my other videos. I love that you put your face on yours, that seems to convert better. Any advice on the product idea or the filming of the video would be awesome! We’ve got 3 big VC backed customers and we’re only a few months in. Thanks so much for all you do! I’ll keep watching, in any case!! kzbin.info/www/bejne/oZeraat5epWGiZI

[@aquinas_choi]

thanks for the great insights to chew on!

[@scottcassidy8471]

I love how you spend so much time talking about skills. It’s not like it’s never discussed, but I still think it’s under-emphasized in a lot of the entrepreneurial world.

[@errol597]

Thank you!!! I like your vibe... appreciate the encouraging words at the end

[@veasnaseng8516]

This is totally priceless, this guy is really really amazing. It took me more than 10yrs in my career just to realized these short of things. But he can describe it in just 15mn long.

[@tishagonzalez725]

Wow crazy you say that, my uncle said the same

[@rnurmin4967]

Thank you for putting this together, Garry. It is amazing. Lol at the dramatic music ending

[@mbemandul]

Amazing video Garry! Thanks for sharing this. Looking forward to your next videos

[@openhearts.raymond]

This is the answer I'm looking for, you put it in a well-thought-out perspective. Thanks Garry.

[@adobotravels]

Thank you for this video. I am a 24 year old and I’ve been studying finance and investing since I was little. I don’t think I’m meant for the 9-5 like normal people because you’re right about selling time to make others richer instead of using that to INVEST in your skills. I like constantly learning new topics like this because it helps me get better finance and think differently. YOU a want to be the One that controls the time, the machine NOT the one pushing and slaving to make the boss richer

[@hippocratech]

Just remember that solving problems at scale requires people, making you - the "boss" - wealthier. The attitude and calling their work "slaving" won't help in achieving your goals.

[@cryptolord9826]

How you going to get your money if you don't start with 9to5 lol

[@cryptolord9826]

Get your 9t5 first get a job mate I've worked for almost 20 years also make something with that little you earn

[@SunnyOfficialYT]

I LITERALLY with every fiber of my being cannot believe this video is not a STANDARD. Thank you

[@rodjames5771]

Thank You Garry for this great video - the message is very important!

[@SatyamKumar-df3ul]

Thankyou Garry for assurance ♥

[@pasqualerossi6052]

API kind of reminds me of a talk I went to, a while back explaining how platforms, communities, marketplaces and ecosystems were the future.

[@taadelodun]

Garry, You know I am one of your biggest fans. Following your tweets and youtube videos. Thank you for decentralising knowledge

[@GarryTan]

Thanks for your kind note!

[@MindbookMedia]

this channel is a goldmine of knowledge. Thank you so much Garry

[@moodsawa]

One of the reasons KZbin was made is this.....to learn from you garry...one love from Mombasa, Kenya.....i learnt alot from you brother...thank you

[@mohammadwaqas7107]

The best I have ever learnt! Thank you so much

[@GarryTan]

You're very welcome!