If You Only Watch One Money Video This Year, Make It This

I spent years as a VP at Goldman Sachs at my peak making $2 million per year. I watched billionaires who had access to every single hot stock, offmarket investment, and insane hustle. The richest people in the world understand these four concepts. Once you understand them, you'll see exactly where the richest [music] people in the world are

betting. I'll reveal that at the end of the video, but let's start with everything I learned at Goldman Sachs. When I was a young trader at Goldman Sachs making about $2 million a year, these concepts completely altered my brain chemistry. Now I run Filterby. We do $23 million a month in revenue selling air filters. And I still use

these concepts on a daily basis. If you don't just want to speak like the rich, but think like the rich, these concepts [music] are the only place to start. The metrics that reveal the truth. Before we get into how wealthy people think, you need to know the numbers that they're actually looking at. These four metrics

tell you whether a business will make you rich or bleed you dry. Ibida, the most misunderstood metric. This number has destroyed more investors than anything else. Ibida, which stands for earnings before interest, taxes, depreciation, and amortization. The controversy is depreciation. Buy a million dollars in machines with a 10-year life, you depreciate $100,000 a

year. IBIDA, on the other hand, excludes that depreciation. So it can look great while the business bleeds cash. You can have amazing IBIDA and still go broke. Charlie Mer has a famous distaste for Ibida. Look it up. Cash flow is what actually matters. The real money generated year after year. If you actually have to buy equipment or you