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Episode 275: The Four Rules You Must Break to Get Rich with Nathan Latka

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"Systems are more important than goals. Goals are one-time, systems are forever. Focus on the goose, not the golden egg."

Nathan Latka

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Nathan Latka dropped out of college at the age of 19 with $119 in his bank account. Five years later, he sold his first software company for $10.5 million dollars. He’s since launched The Top, a podcast with over 10 million downloads that helps entrepreneurs get what they want, founded a private equity company, and earns over $100,000 a month in passive income.

However, Nathan doesn’t consider himself to be especially brilliant. In his new book, How To Be a Capitalist Without Any Capital: The Four Rules You Must Break To Get Rich, he explains why you don’t need lots of money or an original idea to “get rich.”  He challenges the old-school business rules most entrepreneurs take for gospel and teaches—with pictures as proof—how he used a totally different set of rules to build a fortune. If you’re an entrepreneur (or a wantrepreneur) today’s episode is a must-listen.

Today, Nathan joins the podcast to share the story of how he launched and sold his first business after walking away from college, how he generates significant monthly passive income, and what’s holding you back from achieving massive success.

KEY TAKEAWAYS

It’s time to forget your grandfather’s advice. Nathan will teach you how to be a modern opportunist—investor, entrepreneur, or side hustler—by breaking these four golden rules of the old guard:

  • Be unique: Wrong. The way to get rich is not by launching a new idea but by aggressively copying others and then adding your own twist.
  • Focus on one skill: Wrong. Don’t cultivate one great skill to get ahead. In today’s business world, success goes to the multitaskers.
  • Focus on one goal: Wrong. Focus instead on creating a system to produce the outcome you want, not just once, but over and over again.
  • Appeal to the masses: Wrong. The masses are broke ($4k average net worth in America?). Let others cut a trail through the jungle so you can peacefully walk in and capitalize on their hard work.

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COMMENT QUESTION: What is your big takeaway? Write it in the comments below.

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"Do more than one thing in order to de-risk your life."

Nathan Latka

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