Percent & Value Podcast
Reading time: 1 – 2 minutes
The evolution of money and your understanding of it leads you to stop concentrating on dollar amounts and concentrate more on the percentage gained. Although they have changed the name in order to lose you in this game it’s something we have always used. No matter were you have come from in life you were taught to understand the Value of things, it’s just it wasn’t explained in the terms of percentage. Percentage is the same ideology they use in Value which is AKA bang for the buck. This podcast hopefully explains game so you can start to play the game in the manner that those who accumulate wealth do. Download HERE
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Is it that simple bruh? After we get past 100g’s they change the name of the game so we won’t notice how much money is actually changing hands. I get the lesson though and that’s these rich cats are trying to make percentage gains instead of money. It’s like they are playing a numbers game and the dollars are not that important. So they want the highest percentage gained on their money just like we want more bang for our buck at the 99 cent store. Great analogy!
Well once you have enough money you aren’t worried about counting it as much. So they play the numbers game and just say the bank is giving out 1 to 2% interest and if I just put my money on Ford it’ll bring me back 4% in one day or a week. This way they keep building money purely based on percentages not on counting dollars. So they know if they keep making 5% here 3% here and 2% there that in the end their money will always grow.
In the retail game they are disciplined to a certain number but they go above it all the time. Especially Furniture! But, all and all they have a set number they want to make and that ties into volume. That’s why WalMart can put those deals out there because they argue for their percentage that they need to make on each product. The McRib is back at Mikey Dees so they have a percentage game up their sleeve too. They know you’re going to buy a drink and they make all kinds of money on that.
I wanted to tie it into value because we understand value but it’s the same as high return percent game these cats are playing. You want more value for your money and thats the reason why they switch to percentage. In higher business they want a percentage return on their money and they talk and pitch in that way. What is the return on the investment aka what’s the percentage gained.
We need to move our thinking to this point so we can go into business deals trying to find out what is the potential percentage gained. Then we won’t argue about what we like and don’t like because we all like making money!
Another essential podcast here.
The number one technique to get rich is through compound interest, just letting money sit there and make money off the interest it accrue. $100 with 3% interest is $103 and then 3% off $103 and so on..people will be surprise that this is how large companies with cash reserves can have a poor sales year and still make revenue.
In terms of the stock market when day trading was en vogue, they would run computers algorithms against stocks trending up a few percentages and buy tens of thousands and sell tens of thousands in minutes. As long as they got a positive percentage point, they were profitable. Recently Goldman Sachs was engaged in “flash trading” using this same concept which the SEC and Congress is moving to ban.
I find it interesting about the percentage when it comes to shopping because some people will shop at TJ Maxx for example and get a last year dated item for $29.99 but don’t realize that Macys will sell the same item when it was in style for probably $11.99 but instead of having a tag saying $11.99, Macys say 30% on top of another 30% reduced price.
When cats want to get in the big leagues, they must understand that it is about percentages and royalties, not fix prices like grammar school.
Hey you explained it better than me. I almost scrapped that podcast because I couldn’t get all my thoughts in order. I was trying to draw the relation to percentage and value. How people who make money don’t concentrate on the dollar amount as long as they keep making a positive percentage. Same as any regular cat who goes to the 99 cent store looking to get more for their money.
I wanted to draw a relation in business to say these deals that are going down are percentage moves where they can estimate a so much percentage gain by acquiring a business. Like taking market share automatically translates into more money.
Retail wise we just have to learn to make a deal for the people we serve. We keep putting our work into the reason why you should pay more when no one doesn’t care how long it took you to make a cake. We have a ways to go to compete against other folk who just produce and don’t care if you like them or not.
I always wondered why the cashiers be pushing those drinks with you order them specials. Thanks for the game Freeman
YES! Now you see why they always are offering you some insignificant crap to add on to there combo. Whatever their combo is at WalMart or McDonalds it’s the exact same hustle and angle.