Reframing Entrepreneurship and the Top 1% with James Altucher

do you know what the 1% earners in America make on average a year uh yes 867,000 a year nope 400,000 really yep if you look it up right now it's 400,000 think about that funny thing is I looked it up this morning actually for a completely different reason is that true well I wonder no no it's an important it's an important topic for me that's why I'm asking did you do you know if you possibly I want to know if I'm right I the Right Source do you think well not that do you think um do you think you might have done New York uh I don't know because I think it's like here I'm just going to go to it right so like here top 1% earners right here's the 1% on CNN money and I've looked at a bunch they've got this little cute calculator right when you go to 1% it's 400,000 you know it's funny everybody who's listening right now and I know my audience and I know your audience right or right at least somewhat right I don't think they think it's even think about where you're like even I didn't think I thought it was higher like 1% the one you're the 1% best in the number one market in the world for capitalism and it's 400,000 I think of a lot of people listening were grounded in that number instead of a million instead of more than that they would become more patient I think that we're selling them that they need to make 10 million a bill like kids are trying to build a billion dollar company because of Facebook well it's I agree and so a lot of people think oh I've got an idea I need Venture Capital which is the wrong approach and you didn't do that approach your parents like obviously they didn't re raise vure capital for a wine store no so it's just they built up and you even mentioned in the book cash is King yes my friends we need to 100% step back and understand entrepreneurship is individual first and foremost but however we have to understand what successful entrepreneurship looks like because there's way too many 20y olds heck 40 50 and 60 year- olds that think they have to make a million a year to be successful