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By Ali Abdaal
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Get instant insights and key takeaways from this YouTube video by Ali Abdaal.
The Two Modes of Getting Rich
๐ Getting rich involves two paths: Hard Mode (romanticized, like selling handmade goods) and Easy Mode (helping others make money).
๐ Hard Mode involves convincing consumers, who are often struggling financially, to spend their post-tax salary on non-essential items.
๐ฐ Easy Mode is achieved by following one simple rule: Help other people make money.
Economic Structure and Value Flow
๐๏ธ The economy functions like a pyramid scheme where value is generated at the bottom and captured at the top.
๐ Serving consumers (the bottom of the pyramid) is difficult for getting rich because their money is tightest, citing Amazon's primary profit coming from B2B services (AWS) rather than B2C retail.
๐ High-profit entities like Google and Meta generate revenue by providing advertising infrastructure that helps other businesses make money.
Principle 1: Tie Work Directly to Revenue
๐ If you have a job, conduct a revenue audit to determine precisely how your role contributes to the employer's revenue generation.
โ
The highest-paid roles (like sales) are those where contribution is directly quantifiable to revenue (e.g., $200,000 in revenue generated leading to a commission).
๐ซ Asking for a raise based on hard work or inflation is less effective than justifying it by stating the value generated (X amount) and commitment to generating more.
Principle 2: Sell to People Who Have Money
๐ต Selling low-cost items (e.g., $50) to individuals earning low salaries ($40,000/year) means fighting against their rent and anxiety (Hard Mode).
๐ผ Selling high-value services (e.g., $50,000) to profitable businesses (making $5 million/year) is easier because they focus on Return on Investment (ROI).
๐ฏ B2B (business-to-business) is dramatically easier than B2C (business-to-consumer) because businesses buy with logic and spreadsheets, not just feelings.
๐ The sweet spot for an easy initial business is selling something between $2,000 and $20,000 whose outcome is clearly tied to making the client more money.
Principle 3: Price Based on Value, Not Time
โฑ๏ธ Charging hourly caps income and incentivizes being slower, as it links your earnings to the physical time spent working.
๐ก If your service helps a client make an extra $100,000, charging only $500 is detrimental to maximizing your wealth.
โ๏ธ A rule of thumb is to charge approximately one-tenth (1/10) of the value you help create (e.g., charge $10,000 for creating $100,000 in value).
Principle 4: Build Skills Close to the Money
๐ ๏ธ Not all skills hold equal market value; focus on "print money" skills rather than "nice-to-have" skills.
๐ Sales is a high-income skill because it sits very close to revenue generation.
โ๏ธ Copywriting (writing sales pages) is paid significantly more than general content writing because it directly influences customer purchase decisions.
๐ The harder it is to draw a line between your skill and the money made for the employer/client, the harder it will be for you to earn significantly.
Key Points & Insights
โก๏ธ The core message: In capitalism, market value does not equal societal value. Getting rich requires aligning your efforts with revenue generation.
โก๏ธ If you work for someone else, increase the value you add and clearly articulate the quantifiable ROI to secure raises or promotions.
โก๏ธ For entrepreneurs, shift your packaging from *what you do* (e.g., web design) to *how you help others make money* (e.g., conversion rate optimization) to play the game on Easy Mode.
๐ธ Video summarized with SummaryTube.com on Jan 15, 2026, 18:13 UTC
Find relevant products on Amazon related to this video
As an Amazon Associate, we earn from qualifying purchases
Full video URL: youtube.com/watch?v=5PKYfRofUdg
Duration: 20:22
Get instant insights and key takeaways from this YouTube video by Ali Abdaal.
The Two Modes of Getting Rich
๐ Getting rich involves two paths: Hard Mode (romanticized, like selling handmade goods) and Easy Mode (helping others make money).
๐ Hard Mode involves convincing consumers, who are often struggling financially, to spend their post-tax salary on non-essential items.
๐ฐ Easy Mode is achieved by following one simple rule: Help other people make money.
Economic Structure and Value Flow
๐๏ธ The economy functions like a pyramid scheme where value is generated at the bottom and captured at the top.
๐ Serving consumers (the bottom of the pyramid) is difficult for getting rich because their money is tightest, citing Amazon's primary profit coming from B2B services (AWS) rather than B2C retail.
๐ High-profit entities like Google and Meta generate revenue by providing advertising infrastructure that helps other businesses make money.
Principle 1: Tie Work Directly to Revenue
๐ If you have a job, conduct a revenue audit to determine precisely how your role contributes to the employer's revenue generation.
โ
The highest-paid roles (like sales) are those where contribution is directly quantifiable to revenue (e.g., $200,000 in revenue generated leading to a commission).
๐ซ Asking for a raise based on hard work or inflation is less effective than justifying it by stating the value generated (X amount) and commitment to generating more.
Principle 2: Sell to People Who Have Money
๐ต Selling low-cost items (e.g., $50) to individuals earning low salaries ($40,000/year) means fighting against their rent and anxiety (Hard Mode).
๐ผ Selling high-value services (e.g., $50,000) to profitable businesses (making $5 million/year) is easier because they focus on Return on Investment (ROI).
๐ฏ B2B (business-to-business) is dramatically easier than B2C (business-to-consumer) because businesses buy with logic and spreadsheets, not just feelings.
๐ The sweet spot for an easy initial business is selling something between $2,000 and $20,000 whose outcome is clearly tied to making the client more money.
Principle 3: Price Based on Value, Not Time
โฑ๏ธ Charging hourly caps income and incentivizes being slower, as it links your earnings to the physical time spent working.
๐ก If your service helps a client make an extra $100,000, charging only $500 is detrimental to maximizing your wealth.
โ๏ธ A rule of thumb is to charge approximately one-tenth (1/10) of the value you help create (e.g., charge $10,000 for creating $100,000 in value).
Principle 4: Build Skills Close to the Money
๐ ๏ธ Not all skills hold equal market value; focus on "print money" skills rather than "nice-to-have" skills.
๐ Sales is a high-income skill because it sits very close to revenue generation.
โ๏ธ Copywriting (writing sales pages) is paid significantly more than general content writing because it directly influences customer purchase decisions.
๐ The harder it is to draw a line between your skill and the money made for the employer/client, the harder it will be for you to earn significantly.
Key Points & Insights
โก๏ธ The core message: In capitalism, market value does not equal societal value. Getting rich requires aligning your efforts with revenue generation.
โก๏ธ If you work for someone else, increase the value you add and clearly articulate the quantifiable ROI to secure raises or promotions.
โก๏ธ For entrepreneurs, shift your packaging from *what you do* (e.g., web design) to *how you help others make money* (e.g., conversion rate optimization) to play the game on Easy Mode.
๐ธ Video summarized with SummaryTube.com on Jan 15, 2026, 18:13 UTC
Find relevant products on Amazon related to this video
As an Amazon Associate, we earn from qualifying purchases

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