In an interview with host Lewis Howes on the show School of Greatness (which has been watched by over 1.3 million people), Patrick Bet-David explains the #1 rule of making money. And with a personal net worth estimated to be north of $200 million, he should know a few things about the topic…
In the interview Bet-David explains that the first rule of understanding the management of money is that it’s just a game.
“the only thing to know about money is that it’s a game. It’s that simple. Just like any game, you can get better.”
“Money’s Just a Doubles Game”…
According to Pat, the entire game of money is about doubling your money.
For example, if you have $1,000 cash in your bank account, you are 10 doubles away from having a million dollars. You’re five doubles away from $32,000, 13 doubles away from having $8.192 million, and 14 doubles away from $16 million dollars. How soon can you double your money?
That’s it. It’s a doubles game. Can you take that $1,000 and double it to $2,000 in the next year?
Now that it’s $2,000, you’re nine steps away from a million dollars. If you already have $100,000 in your account, then you’re three to four doubles away from a million dollars. Building wealth is a piece of cake when you understand the doubles game.
About Patrick Bet David:
Patrick’s amazing story starts with his family immigrating to America when he was 10-years old. His parents fled Iran as refugees during the Iranian revolution and were eventually granted U.S. citizenship. After high school Patrick joined the U.S. military and served in the 101st Airborne before starting a business career in the financial services industry. After a tenure with a couple of traditional companies, he was inspired to launch PHP Agency Inc., an insurance sales, marketing and distribution company.
He did all of this before turning 30…
Patrick also created Valuetainment, a media brand with the purpose of teaching fundamentals of entrepreneurship and personal development while inspiring people to break from limiting beliefs or other constraints.
It has been referred to as “the best channel for entrepreneurs” online and has evolved into an emerging media network providing news, other content partners and a weekly podcast.
Additionally, Patrick speaks on a range of business, leadership and entrepreneurial topics including how and why to become an entrepreneur and the importance of learning how to fully process issues.
For more information visit tylerhayzlett.com