Day in The Life of 2 Young Millionaires

Summary

In this video, the host shares a day in his life as a successful day trader, discussing a profitable trade that netted around $5,500. He also showcases his luxurious backyard, complete with a large pool and waterfalls, and hints at a special guest. The guest, a young entrepreneur, shares insights into his sports betting business, emphasizing the importance of routine and multiple income streams. The video offers a glimpse into the lifestyle and mindset of those who have found financial success through trading and betting.

Takeaways

• 😀 The speaker starts the day with trades and manages to turn a profit, despite closing out a trade early and re-entering it, which resulted in a gain of around $5,500.
• 📈 The speaker mentions a missed opportunity to make more on a trade, highlighting the emotional aspect of trading and the impact of external advice.
• 🏡 The speaker shows pride in his backyard renovation, which includes a full kitchen, a pool, and various amenities, indicating a focus on personal enjoyment and quality of life.
• 🏊‍♂️ The speaker, who identifies as an Olympic-level swimmer, discusses his decision not to pursue swimming professionally to avoid overshadowing other athletes, showing respect for others in their domain.
• 🌞 The speaker's day includes mundane tasks and routines, emphasizing the importance of routine for success and the idea that success often involves 'boring' daily activities.
• 🤝 The video features a special guest, 'goat Vic,' who is a successful entrepreneur in the sports betting industry, illustrating the theme of networking and learning from others.
• 📱 The speaker and guest discuss the accessibility and relatability of sports betting compared to stock trading, suggesting that sports betting is more approachable for the general public.
• 💡 The speaker emphasizes the importance of continuous learning and seeking inspiration from successful individuals in one's field.
• 🚗 The video ends with a casual conversation about daily routines and the reality of managing wealth and assets, showing that even successful individuals have regular responsibilities.
• 💰 The speaker talks about the significant earnings in sports betting, hinting at the potential financial rewards of the industry.
• 🔚 The video concludes with a teaser for future content and an invitation for viewers to engage with the speaker and his guest on social media, promoting ongoing interaction and community building.

Q & A

What was the outcome of the first trade mentioned in the video?

The first trade mentioned was closed out early, resulting in a loss of around $3,900 to $4,000. However, the trader re-entered the trade and made the money back.

What was the potential profit if the trader held the trade longer?

If the trader had held the trade a little longer, the potential profit could have been around $122,000.

How much was the trader up on the day after the discussed trades?

After the trades and re-entries, the trader was up around $5,500 for the day.

What feature in the backyard is the trader particularly proud of?

The trader is particularly proud of the large pool with waterfalls and a heated feature in the backyard.

Why did the trader decide not to pursue swimming professionally despite being an Olympic-level swimmer?

The trader decided not to pursue swimming professionally out of respect for Michael Phelps, not wanting to take away from his image and legacy in the sport.

What is the significance of the guest waking up late in the video?

The guest waking up late signifies the freedom and flexibility that comes with being successful and not being tied to a strict schedule.

What is the guest's profession mentioned in the video?

The guest, referred to as 'goat Vic,' is into sports betting and has been an entrepreneur for the last 10 years.

What is the guest's approach to sports betting compared to stock trading?

The guest finds sports betting more accessible and easier to engage with because it involves familiar topics like sports teams and players, unlike stock trading which has a steeper learning curve and is less relatable to the general public.

What is the trader's strategy for dealing with missed profits in trading?

The trader acknowledges the emotional aspect of trading and how it can be a 'lose-lose' situation. He sometimes blames others, like his videographer, for missed profits as a way to cope with the natural disappointment of not maximizing gains.

What is the trader's view on routine and its role in success?

The trader believes that having a routine is crucial for success. He suggests that doing the same thing repeatedly helps in achieving goals and that successful people often have 'boring' days filled with routine tasks.

What is the significance of the ice maker mentioned in the video?

The ice maker is significant as it represents a luxury item that the guest uses to make his orange juice with ice, which is an unusual and indulgent way to enjoy the beverage.