You're Not Going To Get Rich Renting Out Your Time

Akira the DonAkira the Don 

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Akira the Don

Akira the Don (real name Adam Narkiewicz) is a British musician, DJ, and producer. His music and production traverses the boundaries between pop, hip-hop, indie and dance. He lists influences including Ice Cube, Adam Ant, Morrissey, Big Bang, Leonard Cohen, David Bowie and the Wu-Tang Clan. His debut album When We Were Young was produced in collaboration with Danny Saber (U2, Black Grape), James Brown (Nine Inch Nails, Ash) and Emile (50 Cent). In 2017, Akira the Don released mixtapes in the form of a new genre he created, referred to as "Meaningwave" – a fusion of wave music with meaningful lyrical content and lo-fi hip-hop. more »

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Akira he's got clout
The first point was about how you're
Not going to get rich
You're not going to get rich renting
Of your time
You must own equity a piece of a
Business to gain your financial freedom
This is probably one of the
Absolute most experienced points
People seem to think that you can create
Wealth and make money through work
It's probably not going to work there
Are many reasons for that
But the most basic is just
That your inputs are very
Closely tied to your output In
Almost any salaried job
Even the one that's paying a lot for
Our like lawyers or a doctor
You're still putting in the hours and
Every hour you get paid
So, what that means when you're
Sleeping you're not earning
When you're retired you're not earning
When you're on vacation you're not earning
And you can't earn nonlinearly
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich
Renting out your time
You must own equity piece of the business
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich renting
Out your time You must
Own equity to gain your financial
Freedom Your financial freedom
If you look at you in doctors and get rich
Like really rich
It's because they open a business they
Open like a private practice
And that practice fills a brand
Especially you're working for somebody else
And that person is taking on the risk
And have the accountability and the
Intellectual property and the
Brand So they're
Just not gonna pay you enough
They're gonna pay you the
Bare minimum that they
Have to get you do to the job
And there can be a high bare minimum
But it's still not gonna be true
Wealth for when your retired
You're not creating new things
For society You're just
Doing things over and over
You're essentially replaceable
Because you're now doing a set role
Most set roles can be taught
If they can be taught like in a school
Then eventually you'll be
Competing with someone
Who's got more recent knowledge
Who've been taught
The things coming in to replace
You are much more likely to
Be doing a job that
Can be eventually replaced by a
Robot or by AI
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich
Renting out your time
You must own equity piece of the business
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich renting
Out your time You must
Own equity to gain your financial
Freedom Your financial freedom
You really just want a job or
Career or profession where your inputs
Don't match your outputs Businesses that have
High creativity and higher leverage
Tends to be ones where you'd can do an hour
Of work and it can have a huge effect
Or you can do a thousand hours
Of working and have no effect
One great engineer can for
Example can create Bitcoin
And create billions of dollars' worth of
Value An engineer who's working on the wrong
Thing or not quite as good
Or just not as creative
Thoughtful or whatever
Can work for the entire year
And every piece of
Code they ship ends up not getting used
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich
Renting out your time
You must own equity piece of the business
You're not going to get rich renting out
Your time Renting out your time
Renting out your time
You're not going to get rich renting
Out your time You must
Own equity to gain your financial
Freedom Your financial freedom
But you want to look for
Things that are leveraged
And by leverage I don't mean
Financial leverage alone like
Wall Street uses and that has a bad name
I'm just talking about tools
We're using tools computer is a tool that
Software engineers used
If I'm a lumberjack with bulldozers and
Automatic robot axes and saws
I'm gonna be using tools
And have more leverage
Than someone who's just using his
Bare hands and try
To rip the trees out by their roots
Tools and leverage are what create
This disconnection between inputs outputs
Creativity so the higher the creativity
Component of a profession the
More likely it is to have
Disconnected inputs and outputs
So, I think that if you're
Looking at professions where
Your inputs and your outputs
Are highly connected
It's gonna be very-very-very hard
To create wealth and
Make wealth for yourself in that process

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