Why We're Billionaires and You're Not

💎 Why We're Billionaires and You're Not & How to Join the Club || Wolf of Mainstreet ⭐Show more

Beware wolfpack! Nothing in life is truly free.

The memes, the videos, the never-ending stories on TikTok - all of it comes at a cost. But the cost isn't measured in dollars or cents, no. The true cost is something far more precious. Your attention.

Yes, attention has become the new currency in this digital age. The tech giants and influencers know this and they have found ways to get it from you. Making billions of dollars for themselves in the process. Most of the times without you even knowing.

But don't be fooled. Ask yourself, what are you truly giving up for this so-called "free" content? Think carefully. The stakes are high! The battle for your attention is ongoing, and you must choose wisely. Will you be a pawn in their game, or will you take control of your own mind? The choice is yours.

The economy is shifting to an attention based economy, and it has been for some time.

In 1997, Michael Goldhaber identified that the global economy is moving away from a material-based one to one that is focused on attention. Attention is not only a resource, but it has become a currency. Users pay for a service with their attention. TikTok, Instagram, and other so-called "free" social media platforms are all part of this economy.

But let me reveal to you a secret. When we "pay" attention to one thing, we deplete our budget of mental resources, leaving us with less attention to spend elsewhere. Attention is valuable because it is limited. Economist Herbert Simon described attention as a "bottleneck" in human thought. In other words, "a wealth of information creates a poverty of attention."

This is why we see thirst traps, clickbait, and any other tactics used to grab your attention. And once they have it, they can manipulate, feed, and sell you ideas, thoughts, and products.

Understand this. The attention economy is here, and those who possess attention, wield great influence.

Think of the celebrities, the movie stars, the athletes, the politicians, all raking in millions from their fame. Why is this so? Because the public is willing to lavish them with attention, to wait in long lines, to pay high prices for a glimpse of them. And it should come as no surprise that this same public is willing to pay these celebrities when they venture into new fashion lines or online courses.

The name of the game is to get your attention, to create a community of shared interests and beliefs, and then to convert that attention into money. And make no mistake, the product or service they're selling doesn't have to be any good.

Take for example, Andrew Tate, a mainstream influencer who has monetized 100,000 subscribers for his online course, Hustlers University, at $50 per month per subscriber. He has become uber wealthy through the process, yet, the value of his course is not even that good.

In this age of consumerism, where attention is currency, the NFT has also emerged as the attention economy's ultimate manifestation.

Starting an NFT project is like starting a business, and to succeed, one must capture the attention of many. This is why we see top dollar paid for celebrity endorsements, even as these projects inevitably crumble to dust.

But the true purpose of the NFT is not to provide any real value, but to monetize your attention.

And so, I caution you! Be wary of those who seek to get your attention. They would use it for their own gain. Choose wisely. Guard your attention and give it to the right people.

Sincerely,

Your wolfpack leader 🐺💪🏽

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⏲️CHAPTERS⏲️
00:00 Attention is the new currency
00:51 We now live in an attention economy
3:10 Attention is the most valuable resource today
4:32 This is how influencers really make billions off you
6:05 The NFT is a tool to monetize attention
8:56 Make money now in the attention economy!

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🔴DISCLAIMER:
This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.

All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended.

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