Masterclass: Money Wisdom from Shaan

**Shaan Puri** (0:00)
For the past 10 years, I've been keeping this little notebook with a scratch pad that I call, you see that, money wisdom, reminders to self.
And these are basically just, anytime I heard something, I read something, or I learned something that was wise about wealth, I would write it down. And I put all the notes here, and today I'm gonna read you a bunch of the things that are in this notebook. I feel like I can do that because in most places, you can't really talk about money. Money is just sort of this tacky taboo thing.
Everybody has to pretend they don't care about money, but we all do, which is weird. That you just have to treat it like this silent fart in the room. You gotta pretend you didn't care about it, pretend it's not there, but it's there. And this channel, luckily, is different. This is a channel where we come, we talk about business, we talk about money, we talk about mindset, we talk about a bunch of different things that are interesting to us. And really, the only people who click on this channel are people that care about those things. And so it's like when you go to the gym, you can flex and talk about your pecs because the other people there care about that sort of stuff. So, you know, it's understood. So this is the Money Wisdom channel. I think in the next 15 minutes, I don't think this will be long, I'll be able to go through a bunch of the nuggets, I call golden nuggets that I had written down in this. The first one, I'll start with this.
The rich aren't just lucky. So pretend we took all the money that existed and we redistributed it out. Everybody got the same, you know, let's say $100,000 to start with.
10 years later, I think that most of the rich people would be rich again because wealth building is a skill and it can be learned.
For most people, you want to learn this skill, but you don't really know where to start. And I'll give the, I write down these sort of three shifts, these big, big, small shifts that you can make. What is a big, small shift? So I'll give you a quick story. A man wants to learn golf. So he goes out and he buys a set of golf clubs and he goes to the driving range, starts hitting some balls. And you know, it's going left, it's going right. Some are going to the center. He can't really control it. Doesn't know how to do it. He just started.
And so he's like, okay, I need to build this skill, but I don't know how, you know, I don't know what I'm doing, to be honest. And so he sees like, you know, in the, in the, right next to him in the driving range, there's a coach teaching a kid. So he walks over, he tells the coach, hey, I'd love to learn. Coach says, happy to work with you. First lesson's tomorrow morning. Okay, so he shows up again tomorrow morning. You know, this coach teaches him a few things. Now the coach, you know, he's sort of a, you know, he's maybe 24 years old. He himself just graduated from college. You know, he's not the best in the world. He's just the guy standing next to him, but still it helps.
And he's hitting it a bit better, but not much. The ball's still going left and right.
And you know, the man thinks to himself, this coach sucks. I don't want this crappy, this guy's a kid's coach. I need a real coach. And so he says, you know what? I'm gonna hire the best. Who is the best coach? He goes and finds a professional golfer to be his coach.
And this coach gives him some instructions. Within a few minutes, he's hitting the ball straight. It's going great. And so he says, all right, I'm ready to go play. Tomorrow I'm playing a full 18 holes of golf. Let's do this. Shows up the next day and he's ready to hit the ball straight again, but today things are going different. Today, it's slicing left, it's slicing right, and he's getting frustrated. And the worst part, the thing that's frustrating him the most is that the coach is not saying anything. He sort of expects the coach to jump in and fix it, but the coach is just watching.
So finally he turns around and he says, hey coach, are you gonna do something? You're just gonna stand there. All right, like, look at me, I'm way off. I gotta do something, I gotta change something. And the coach just smiles.