Just think about that number for a moment, that's more than the entire GDP of Germany, one of the world's most populated and advanced countries.

2,755 people made more money than the biggest economy in Europe, the wealthiest continent on the planet.

The world is unfair and unequal even among the billionaires, the top 10 billionaires earned $400 billion of that wealth.

Just imagine how bad billionaires on the bottom of the list feel, don't you feel bad for them When you come across such numbers?

It drives you crazy because making even $1 million dollars is a big deal.

Leave alone billions, but why do only a tiny minority do end up making so much money.

It's easy to point fingers and shout that they have just inherited their money.

But let's be a little bit more realistic.

Yeah, some of them did, but the fact is none of the top 10 richest inherited anything.

Of course there are multiple reasons for their success, but it all comes down to a few basic principles.

Once you understand them and find out how they work, you can set yourself on the path of wealth as well.

It's not a step by step process.

There isn't a clear guide to how to make a fortune.

If there was, it would have been taught in business books, but NBA graduates usually just end up working in a 9-5 job.

Like the rest nothing special.

In fact, whenever you read biographies of successful people, you realize how unique and different has been the path of each entrepreneur.

However, all of them unanimously followed a few basic principles and the reason why most people aren't getting financially free is because of this very reason.

They're not following the basic rules of growth.

If you want to find them out, give this video a thumbs up and subscribe When I tell people that becoming wealthy is more about discipline and dedication.

I get bombarded with claims that becoming wealthy is a matter of luck and they love bringing examples of Jeff basis or Mark Zuckerberg.

They've been in the right place with the right people and the right idea, but you don't need $200 billion dollars to become financially free.

Have you ever tried living on $1 million dollars a year?

That's literally enough to rent a mansion, drive a Ferrari and travel wherever you want.

To be honest, even a few $100,000 can do the job.

The point is still Stop looking at the top of the hierarchy.

Be practical.

Going from $50 or $60,000 to $300,000 is far more practical than comparing your net worth to Elon Musk's $300 billion.

The truth is that if you were born just a few 100 years ago in a poor family chances, you would have gotten out of the poverty are close to zero for most of history.

The vast majority of people were farmers who had to work from early morning till night, their entire lives just to pay taxes and survive just in the 19th century, 90% of the world's population were farmers.

What were the chances that you could get rich when you didn't go to school?

Most probably couldn't read or write and haven't seen anything outside the little village you grew up in and by the way, there was no google back then.

However, today, regardless of your family background, you probably went to school, you have access to internet and you can teach yourself anything you want from graphic designing to rocket science.

On top of all of this, it has never been so easy to connect with each other back in the day.

It was difficult to show your talent to the world.

Today.

All you need is a smartphone and access to the internet, which you most likely have since you're watching this video.

So let's get rid of the idea that you need to be lucky to become financially free.

The problem is that it is really easy to get to a comfort zone where you have a stable paycheck and doing anything risky, looks so ridiculous that it's easier to blame everything on outside factors such as luck.

Most people don't understand the concept of exponential growth, for example, or snowball effect when you get used to the fact that one hour of your time equals $20 for example, all you can see is that working extra two or three hours equals two extra 60 or $90.

And the grand scheme of things that doesn't make any difference.

But that's not how growth works.

Let's say your business grows by a factor of two exponentially.

Starting with $2,000 in the first year.

The second year is going to be $4,000, which is normal.

However, the surprising fact is that in the third year instead of six it is going to be eight, then 16 in the fourth year and so on and so forth.

With each additional year, the growth gets bigger and bigger.

Take the example of compound interest saving and investing $10,000 once make you rich.

Even if you do that for over 10 years, that is going to be $100,000.

Even if you invest that money in index funds, that would equal to $160,000.

It is a lot of money, but let's be honest it is not a life changing amount.

However, in the next 10 years that amount would grow to $572,000.

Now, that's what I'm talking about.

In the first years, your investment would earn you an additional $60,000.

However, in the next 10 years they would earn $372,000.

That's what exponential growth is all about.

With each consecutive year, the growth expands in the next 20 years, your $572,000 will grow to $4.4 million.

Yes, you heard that right?

$4.4 million.

The biggest difference, however, happens in the last year.

We're in a single year.

Your money will grow by $412,000 in a single year.

Yes, in a single year you will earn more than you would in the 1st 10 years.

Of course 40 years is a really long time.

No one wants to wait that long.

But this is an extreme example what you saved just $10,000 a year and invested in a super safe asset.

If you apply this concept, a little harsher, you can expect far better results.

If you ask any youtuber about their YouTube journey, they will most likely tell you that.

Getting their 1000 subscriber was the hardest part or getting their 1st 10,000 subscribers was much more difficult than the 1st 100,000.

So whenever you are starting a business mastering a skill or building anything, do not get disappointed.

If you don't see any immediate results, That's absolutely normal.

It is going to check China before you will see any real growth.

When I started investing back when I turned 18, it seemed like it would take me forever to build a big enough portfolio when my child portfolio was just $300.

But fast forward today it is big enough to let it grow on its own.

The eggs.

The same happened when I got into real stage.

It took me forever to get my first clients.

But after building my client base, it got a lot easier.

The same happened once.

Starting this channel, I took YouTube seriously in 2017.

It took me an entire year to get to my 1st 10,000 subscribers.

But now the channel can get 10,000 subscribers in a week.

I can give you countless examples.

But I guess you got the point.

The only problem is that you have to put the effort now, but the outcome will come much later.

So if you're used to getting paid at the end of every month, it is really difficult to see the fruits of your labor years later.