Transcript
A (0:02)
And this is for individuals who maybe are in the healthcare space, for other people who are in different industries, maybe they might have to wait 15 years or 20 years, but it can also be forgiven as well. So that piece of information changed her life, Derek. A year after our conversation, she got married. Beautiful wedding. And they purchased their first home. That was the start of Investing Tutor. That experience made me realize a lot of people don't know much about the financial system. And then from there, right? During that week where I spoke to their sister, a close friend of mine from Ghana that I grew up with, he called me, hey, Hans. I just started a brand new job and I keep hearing this thing, stocks, stocks, stocks. But I know nothing about stocks. And I was shocked. I was like, what do you mean you don't know anything about stocks? So I went to Google and I searched Investment Tutor because I assumed that there has to be a tutor on investing, right? And the search results came, and there wasn't a single person in America or anywhere in the world who was an investment tutor. And that's why I was able to earn the title of the first Investment tutor in America.
B (1:14)
Why are people not being educated about money?
A (1:20)
I believe it was Henry Ford who said, if people truly understand how money works, there'll be a riot the next day. The truth is that people are so busy, Derek. People are busy with earning money. They haven't taken time to understand how it's created, how it works. So it's almost like it's a distraction. People don't realize that to make money, it's not a factor of how much you are paid. There's different elements to it.
B (1:57)
Talk to me.
A (2:03)
I read this book, Andrew Carnegie's book. Yeah. And it was right at the early phases of me truly understanding wealth creation. And in the book, it was almost like an interview this person was interviewing, similar to what you're doing right now, interviewing Andrew Carnegie. And for those who don't know Andrew Carnegie, he was the richest man in the world. At one point, the interviewer said, andrew Carnegie, you are the richest man in the world. You can pay all of your employees the same salary. Why are you so wicked? Why are you so cruel? Why are you paying them pittance? And when I read the interviewer's question at that time, because it was my early years of understanding money and wealth creation, I said, that's an excellent question. Why isn't he paying? You have so much money. Why are you keeping or hoarding the money? Why don't you pay people more? Yeah. His response changed. My entire life. He said, I do not set the salary or the income of any of my workers. They set their own salary by the quality and the quantity of the work that they do. Quality and quantity. He said, there are people here who just want to come in, do the bare minimum and leave. And when they leave, they don't have to think about the operations in my business. And there are others who want to think about it 24 7. Aren't there people within my company who are earning millions of dollars because maybe they went out of their way to broker deals that will bring in money even without him knowing, they took what's called the extra step to go and find a way to provide value. The quality of the work and then what Quantity. So let's say they went and brokered that deal. Should it have to stop at just that one? No, they can do it multiple times. It's quite fascinating you say that because I tell my executive assistant, tell her, you set your own salary. Just come to me and just let me understand how or what ways you can help provide value to this business. And your salary is unlimited.