The #1 Way To Becoming A Millionaire as A Software Engineer

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10 Jun 202421:43

Summary

TLDRIn this candid video, the speaker reflects on a conversation with a former university acquaintance who regrets not pursuing entrepreneurship sooner. Despite a high salary in the tech industry, the acquaintance feels financially trapped. The speaker, a software engineer turned entrepreneur, encourages viewers to leverage their tech skills in business, emphasizing the transferable nature of programming and problem-solving abilities. He shares his journey and success in e-commerce, advocating for the pursuit of entrepreneurship to gain financial freedom and independence.

Takeaways

  • 🎓 The speaker and his acquaintance took different career paths after university, with the acquaintance going into big tech and the speaker into consulting and entrepreneurship.
  • 💼 The acquaintance, despite a high salary in the tech industry, expressed regret about going to university and not starting a business sooner, highlighting the financial constraints and lack of financial freedom.
  • 💡 The video emphasizes the importance of efficiency in wealth creation, suggesting a replicable system for generating wealth year-over-year rather than quick, speculative gains.
  • 🛠️ The speaker advocates for software engineers to leverage their skills in entrepreneurship and business, rather than just focusing on tech-related ventures.
  • 💡 The speaker shares his own experience of transitioning from software engineering to e-commerce, utilizing his web development skills to build a successful business.
  • 🚀 The video suggests that software engineers have a unique advantage in business due to their problem-solving skills, critical thinking, and familiarity with technology.
  • 💰 The speaker argues that making millions is not just about the money, but also about having the freedom to spend it without being controlled by a boss or job security concerns.
  • 🔑 The video encourages software engineers to consider entrepreneurship as a way to escape the corporate grind and to take control of their financial future.
  • 🌐 The speaker mentions that software engineers are well-positioned to take advantage of current technological advancements and opportunities in the business world.
  • 🛑 The acquaintance's situation serves as a cautionary tale for software engineers who may feel trapped in high-stress, high-salary jobs without significant financial freedom or job security.
  • 🚀 The video concludes with a call to action for software engineers to start their own businesses, using their skills to create wealth and independence.

Q & A

  • What is the main theme of the video?

    -The main theme of the video is about how to become a millionaire, specifically for software engineers, by focusing on entrepreneurship and business rather than just technical skills.

  • Why did the speaker decide to make a video without a script?

    -The speaker decided to make an unscripted video to share a raw and personal conversation with an acquaintance about career paths and the pursuit of wealth, which was inspired by their recent catch-up.

  • What was the initial career path of the acquaintance mentioned in the video?

    -The acquaintance initially took a path to the Bay Area for a big tech job after graduating from university with the speaker.

  • What is the speaker's view on the efficiency of making money?

    -The speaker emphasizes the importance of a replicable and sustainable system for creating wealth year-over-year, rather than just focusing on the speed of making money.

  • What did the acquaintance regret about his career choice?

    -The acquaintance regretted not getting into business or entrepreneurship sooner, despite having a high-paying job in the tech industry.

  • Why does the speaker believe software engineers have an advantage in business?

    -The speaker believes software engineers have an advantage due to their transferable skills, problem-solving abilities, and familiarity with technology, which can be leveraged in various business fields.

  • What business did the speaker initially get into and why?

    -The speaker initially got into e-commerce because of his experience with front-end and back-end development, which allowed him to leverage his tech skills in a different business environment.

  • What was the turning point for the acquaintance that made him consider entrepreneurship?

    -The turning point for the acquaintance was realizing the high cost of living, taxes, and expenses that left him with less disposable income than expected, despite his high salary.

  • What advice does the speaker give to software engineers who feel trapped in their current jobs?

    -The speaker advises software engineers to consider entrepreneurship and start a business, using their skills to create a more sustainable and independent income source.

  • What is the speaker's perspective on the future of software engineers in the business world?

    -The speaker believes that software engineers are well-positioned to dictate the future, especially with advancements in technology like AI and quantum computing, due to their unique skill set and understanding of tech.

  • How does the speaker define 'programming' in the context of business and entrepreneurship?

    -The speaker defines programming as a combination of multiple skills, including problem-solving and critical thinking, which are highly valuable in business and entrepreneurship.

Outlines

00:00

🤔 Reflections on Career Paths and Wealth Creation

The speaker begins by discussing a recent conversation with a former university acquaintance who chose a career in big tech, contrasting it with the speaker's own path into consulting and entrepreneurship. The video aims to explore how to efficiently become a millionaire as a software engineer, emphasizing replicable wealth creation systems rather than quick, speculative gains. The speaker reflects on the high salary and benefits of the tech industry, yet notes the acquaintance's regret over attending university, highlighting the importance of considering different paths and the value of entrepreneurship.

05:02

💼 The Reality of High-Income Software Engineers' Financial Struggles

This paragraph delves into the financial challenges faced by high-income software engineers, particularly in high-cost areas like the Bay Area and New York. Despite earning substantial salaries, after taxes and living expenses, the speaker's acquaintance is left with a significantly reduced disposable income. The speaker emphasizes the importance of financial freedom and the limitations of relying solely on a high-paying job for security. The acquaintance's desire to transition into entrepreneurship is explored, along with the common struggle of software engineers to escape the paycheck-to-paycheck cycle.

10:03

🛠 Leveraging Software Engineering Skills in Non-Tech Fields

The speaker suggests that software engineers have transferable skills that can be highly valuable outside the tech industry, such as critical thinking and problem-solving abilities. They share their personal experience of transitioning into e-commerce, utilizing their web development skills, and achieving significant financial success with high profit margins. The speaker encourages software engineers to consider entrepreneurship in various fields, as their skills can provide a competitive advantage and lead to greater financial independence.

15:05

🚀 The Natural Progression from Software Engineer to Entrepreneur

The speaker discusses the common career trajectory of software engineers, often marked by frequent job changes and the pursuit of higher pay and status. They argue that this path often leads to a point of saturation where further growth is limited, prompting many to consider entrepreneurship as a natural next step. The speaker emphasizes the unique advantages software engineers have, including familiarity with technology and the ability to automate processes, and encourages taking the leap into business ownership.

20:06

🌟 Embracing the Potential of Software Engineers as Future Business Leaders

In the final paragraph, the speaker highlights the prevalence of software engineers and tech-background individuals in leadership roles within major corporations, suggesting a trend that underscores the innate skillset of software engineers for business success. They encourage viewers to consider entrepreneurship and self-reliance as a means to long-term financial stability and personal growth, positioning software engineers as well-equipped to navigate and capitalize on current and future opportunities.

Mindmap

Keywords

💡Entrepreneurship

Entrepreneurship refers to the process of designing, launching, and running a new business, which typically involves taking on financial, psychological, and societal risks. In the video, the speaker emphasizes the importance of entrepreneurship as a means for software engineers to create wealth and gain independence from traditional employment. The speaker's own journey into e-commerce is highlighted as an example of leveraging tech skills in a non-traditional field.

💡Software Engineer

A software engineer is a professional who applies engineering principles to the design, development, testing, and evaluation of computer software. The video discusses the unique advantages software engineers have when transitioning into entrepreneurship due to their problem-solving skills and technical knowledge. The script mentions how software engineers can apply their skills beyond traditional tech roles to achieve financial success.

💡Wealth Creation

Wealth creation is the process of generating value and building assets over time. The video's theme revolves around the concept of efficiently creating wealth, specifically for software engineers. The speaker discusses how building a business or engaging in entrepreneurship can be a replicable and sustainable method for wealth creation, as opposed to short-term financial gains.

💡E-commerce

E-commerce, short for electronic commerce, refers to the buying and selling of goods or services using the internet, as well as the transfer of money and data to execute these transactions. In the script, the speaker shares their personal experience with e-commerce, explaining how they utilized their software engineering skills to build a successful online business with high profit margins.

💡Problem Solving

Problem solving is the process of finding solutions to difficulties or obstacles. The video emphasizes that software engineers are adept at problem solving due to their training and experience in programming. This skill is portrayed as highly valuable in the business world, allowing software engineers to excel in entrepreneurship.

💡Tech Background

Having a tech background refers to having experience or education in technology-related fields. The script mentions that many successful entrepreneurs and CEOs, particularly in the Fortune 500 companies, come from a tech background, indicating the relevance and advantage of technical knowledge in business leadership and innovation.

💡Income Replacement

Income replacement refers to finding an alternative source of income that can match or exceed one's current earnings. The video discusses the idea of software engineers creating side businesses that can eventually replace their full-time job income, providing financial security and independence.

💡Margin

In a business context, margin refers to the difference between the revenue received and the costs incurred in producing a good or service. The speaker in the video mentions achieving a 60-80% margin in their e-commerce business, illustrating the potential profitability of entrepreneurial ventures for software engineers.

💡Job Satisfaction

Job satisfaction is the contentment an individual derives from their work, influenced by factors such as work environment, growth opportunities, and compensation. The script touches on the dissatisfaction some software engineers may feel in their jobs, leading them to explore entrepreneurship as a means to find more fulfillment and control over their careers.

💡Corporate Ladder

The corporate ladder is a metaphorical representation of the hierarchical progression within a company, where one advances to higher positions. The video suggests that software engineers, particularly those who frequently switch jobs for better pay or status, may eventually find themselves seeking to climb the corporate ladder or break away to entrepreneurship for greater autonomy and financial potential.

💡Risk Management

Risk management is the process of identifying, assessing, and controlling risks to minimize harm and capitalize on opportunities. The speaker advises software engineers to start their entrepreneurial ventures without necessarily quitting their jobs, as a way to manage the risks associated with transitioning directly from employment to self-employment.

Highlights

The video discusses how to become a millionaire as a software engineer efficiently and replicably.

The inspiration comes from a conversation with an acquaintance who regrets going to University despite high earnings in the tech industry.

The acquaintance's high salary is contrasted with the high cost of living in the Bay Area, leading to a feeling of being trapped.

The video emphasizes the importance of having a system for creating wealth, not just making money quickly.

The speaker shares his own journey from consulting to entrepreneurship, highlighting the benefits of business ownership.

A comparison is made between the speaker's early struggles and the acquaintance's high starting salary in the tech industry.

The video argues that software engineers have transferable skills that are advantageous in the business world.

The speaker suggests that software engineers should consider entrepreneurship in fields outside of tech for greater success.

The video details the speaker's own successful venture into e-commerce, leveraging his software engineering background.

The importance of learning and applying new skills beyond software engineering is highlighted.

The video argues against the notion that software engineers should only pursue tech-related entrepreneurship.

The speaker shares insights on how software engineers can use their skills to automate and innovate in business.

The video encourages software engineers to consider the long-term benefits of entrepreneurship over corporate jobs.

The speaker discusses the common career path of software engineers, often leading to entrepreneurship after years of job-hopping.

The video emphasizes the unique position of software engineers to take advantage of current technological advancements and opportunities.

The speaker provides a roadmap for software engineers to transition into entrepreneurship successfully.

The video concludes with a call to action for software engineers to start their own businesses and take control of their financial future.

Transcripts

play00:00

what's going on everybody boo back at it

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again today's video is going to be

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slightly different it's going to be raw

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unedited no script Nothing just off the

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cuff which you can probably already tell

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and the reason for today's video is

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actually inspired by an acquaintance of

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mine from University me and him

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graduated at the same exact time but we

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took vastly different paths he went to

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the Bay Area for big Tech and I went

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more so the Consulting route and then

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into having my own business and recently

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I actually had the chance to catching up

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with him he came over to where I live

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around in the LA area we caught up had

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some dinner told each other what we were

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doing in the past few years where we are

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now where we want to

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be and it's it's a very it was a very

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interesting conversation that I had and

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I just wanted to make this video now can

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I talk about it and really as you can

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probably already tell by the title of

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this video it's going to involve money

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and more specifically how to really

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become a millionaire or make your first

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million dollars as a software engineer

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as fast and in my opinion as efficiently

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as possible what do I mean by that

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by efficiently I mean not necessarily

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how fast you make it because you can

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just put it in any as we see now with

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meme coins right you put it in mother or

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something and it just instantly shoots

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up but I'm more so talking about

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efficiency in terms of replicable you

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can keep repeating it anytime you want

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year-over-year H you have an actual

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system for creating that wealth and in

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this case we're going to dive into

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entrepreneurship and business but before

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we get there let me tell tell you more

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about the conversation so me and him

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graduated at pretty much the same exact

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time he went to the Bay Area with a very

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nice offer I think he initially started

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out with like $150,000 of salary plus he

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has stock options and equity and so many

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other things that he was getting and I

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think nowadays he's making close to if

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not more than like about

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$400,000 a year that's before taxes

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obviously but we were talking and he

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asked a very interesting question to me

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that I did not expect from him he said

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do you regret going to University do you

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regret getting the degree now that you

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know everything that you do know I'm

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like well in hindsight obviously right

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because every single decision we make in

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hindsight we could have made a better

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decision give and take some other

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variables but pretty much most things in

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hindsight always look better so I said

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maybe that's not you know a fair way of

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judging things because in hindsight of

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course you could you could have made a

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better decision but for what it was

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worth it was still I would say much

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better decision than many other things

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that I could have done many other paths

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that I could have taken of course was it

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the best one that's debatable but

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nevertheless I I didn't consider it bad

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and he said just right off the bat that

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he regretted it and I said you know why

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like you're the last person I would

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expect this from he was always the

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straight A student in University he was

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the one that you know often times people

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say the 10x programmer he was the one in

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programming groups that kind of just

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knew everything carried the carried the

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group always did all the assignments

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never failed any assignments always knew

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how to do it what to do finish

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everything on time just really quote

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unquote genius when it came to

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programming he was just a natural at it

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right the logic and everything he

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understood it very very well and hence

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why he actually got a very good offer in

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a bay area and I said how are you of all

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people regretting the decision you made

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because you're making very decent money

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for somebody in their 20s you know

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you're still young you have a lot of

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things like a lot of years ahead of you

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a future to make but he said well look

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at yourself as an example he was

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comparing him um to myself because you

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know we caught up after so many years

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and I said well you can't really compare

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it to me because I don't work for

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somebody else you know I have a business

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um and I've been in business for a while

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now and you're just comparing it to me

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now but if you take a look back at two

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or three years ago or even four years

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ago when we both started off you had a

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much better starting point than me you

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were pretty much over here and I was

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starting from over here I was coming up

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here dropping coming up here dropping

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and then now after I knew pretty much

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everything that I know is when I finally

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passed so I'm like you can't really make

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that comparison but he said no uh by

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comparing to you I meant I should have

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done what you have done but much sooner

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as well and I'm like what do you mean

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he's like I should have gotten into

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business I should have gotten into

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entrepreneurship and I said you know

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like what caused this what C what caused

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this shift in your mindset and he said

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something very interesting he's like uh

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he started breaking it down for me he's

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like look I paid $3,000 for just rent

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one bedroom in San Francisco Bay

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area he has car payments he has

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insurance so so on and so forth taxes

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take up almost 48% of his paycheck about

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that range he said and then plus he has

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health insurance he has 401K that he

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does and so many other things at the end

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of the day he gets left with about close

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to under

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$220,000 uh a month and he has other

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miscellaneous expenses and things like

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that you know like well isn't that you

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know like that's still pretty decent

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amount considering your regular salaries

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going to be about close to 40K a month

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right um taxes take off everything

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that's about what you would expect it's

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like yeah but that 20K isn't accounting

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for any of the expenses after all the

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expenses that I do food and this and

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that I'm left with under 10k pretty much

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consistently in some months I'm left

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with under 5K and I'm like well are you

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saving anything are you putting anything

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back he's like yeah sure I'm saving

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stuff um but nevertheless I don't really

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see myself being able to escape this I

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feel like I'm trapped I'm like why don't

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you just quit and do your own thing is

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like if I quit my expenses are pretty

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much going to just swallow me within a a

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couple months and I don't know like I

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don't feel confident in myself and

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actually making the leap and trusting

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myself for those couple months to

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actually make it

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through and I'm like so well what are

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you going to do now are you just going

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to you know continue in your work or

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what are you thinking he's like well I'm

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doing the work and at the same time I'm

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trying to do something on the side that

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hopefully can replace my income and I

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can just switch on to that and that was

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very interesting because I had a a bunch

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of other people also who were software

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Engineers especially after videos that

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they reached out and they said well what

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should I do should I just quit the job

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now how do I want to get rich how can I

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get rich I'm living paycheck to paycheck

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as a software engineer especially

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because most of the high salaries are in

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states such as New York California where

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living expenses are through the roof so

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if you're making let's say anywhere from

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anything under $150,000 you're going to

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be living paycheck to paycheck just

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right off the bat if you're making

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anything under 250 you're going to be

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living decently and maybe you can afford

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a couple trips here and there but still

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you're not to the point where you have

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quote unquote [ __ ] your money or you

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have some sort of Freedom right you're

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still very reliant on that job if God

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forbid something happens and then you

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lose that job you're pretty much toast

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and that's the problem that was the

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entire problem more than anything making

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those millions of dollars sure that's

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extremely nice but the whole point

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behind having money is being able to

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spend it comfortably as well as knowing

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that there's nobody above you that's

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actually controlling your stream of

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income you don't have a boss that if you

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offend you're pretty much done you're

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going to get fired you don't have

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anybody like that that's pretty much in

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charge of your livelihood right in

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charge of the money that you're going to

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get and use to feed yourself and your

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family and so on and so forth

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so we kind of had like an awkward

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silence for about like one or two

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minutes I was digesting everything he

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was saying and I was very shocked

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because like I mentioned he was pretty

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much like the only guy that I knew he

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was in my classes although upper

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division classes highest grades acing

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all the projects I always thought he's

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okay he's going to go to like Fang just

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get one of those Quant trading degrees

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like I mean jobs make like couple Mill a

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year this and that he's going to be fine

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but he comes up and then this is him and

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then he's saying that I'm in a better

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position than him

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now I thought about it for a bit and

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like okay my guess is a lot of other

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people are actually in worse situations

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than him because he's still relatively

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in a good situation considering how much

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he makes right he's like top 1% of

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software engineers and there's so many

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other people that are probably feeling

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worse than him and they don't even know

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what to do so this video is largely

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dedicated to those folks those folks who

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feel like they're trapped in their 95

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specifically for softare engineering

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they were promised a future that now

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they have begun to understand that okay

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maybe this is not for me they signed up

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for something that they didn't think was

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going to be like this right especially

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with the constant grind the taxes and

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after everything you don't really get to

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see much of the paycheck especially for

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the work that you do because often times

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in our space you can literally directly

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see how much impact your work is having

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how many millions of dollars you're

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actually bringing to the company and the

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scraps that you're getting right for

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example if you're bringing in about 5 to

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10 million annually to your company

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you're going to get no more than 100 to

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200k right so let's do the math on that

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but today is going to be today's video I

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want to emphasize how to make your first

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million or just any amount of millions

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that you want as fast as possible with

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you being a software engineer and that's

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going to be going into entrepreneurship

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more specifically starting a business

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but the Cy out here is that while most

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other folks will tell you that you as a

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software engineer have to get into Tech

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or have to get into software or have to

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get into making an application here to

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tell you that that's necessarily not the

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case and in fact I would not recommend

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it for most of you the only people I

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would recommend that really for are the

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folks that I was just talking about the

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that acquaintance of mine who from day

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one was just you know just talented in

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this he understood it he was extremely

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good at it 4.0 GPA he understood all the

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projects all the homeworks he went into

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Fang really the the 1% the 10x

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programmers quote unquote that's why I

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would really recommend to get into Tech

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and do something on a tech end of things

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but the regular software engineer when I

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was the regular pretty much software

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engineer I would recommend them to get

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into some other field and leverage their

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actual Tech skills especially their

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software engineering skills in that

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other space and let me tell you that is

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far more lucrative than anything else

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you can do especially as a software

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engineer because people underestimate

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just how much knowledge software

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Engineers really have not only are our

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skills extremely transferable our

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critical thinking skills as well as the

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logic that we developed how we solve

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problems our problem solving skills are

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extremely crucial in the business world

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we have an overwhelming Advantage I have

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a few videos on that that goes into it a

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bit more deeply but for today's sake I'm

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just going to give you the raw pretty

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much road map of what I did and what you

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can do so I got into when I when I was

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still working as a software engineer I

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got into e-commerce because I had very

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good experience already with front end

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and backend development so I'm like okay

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if I'm going to get into anything it has

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either to be an agency like a web dive

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agency service based or like e-commerce

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something that has to do with a website

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and sure I had to learn the marketing

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the uh the copy the sales and all that

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thing but really what I knew really well

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was web design landing page optimization

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in terms of speed in terms of copy all

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that stuff I knew that inside out and it

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was evident uh after you know testing

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and failing a few times I got to the

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point where I was making close to $2,500

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a day in Revenue with about 60 to 80%

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margins matters on the day but I was

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taking home about6 to ,800 really if you

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average it out at the very end each day

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pretty much and that was something that

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kind of opened my eyes because I was

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making way more money than I was at my

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job and I was working way less hours and

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I was having a lot more fun I was

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learning a lot more that's the most

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important thing too I wasn't only

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learning as a programmer I wasn't only

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learning learning as a software engineer

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I was learning many other skills that

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will be like now that I can transfer to

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onto other businesses and even the

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business that I'm currently doing now

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I'm using many of those skills that I

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learned from

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elsewhere and that's I really think the

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bread and butter of why you should

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pursue entrepreneurship as a software

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enger specifically and why I'm here to

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tell you that you don't have to get into

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app creation you don't have to get into

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software creation you don't have to do

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those things specifically just because

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you are a quote unquote software

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engineer and don't feel like it's a

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waste that oh man I know coding but

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isn't isn't it going to be a waste if I

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go into to some other business no it's

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not because coding itself you're viewing

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it as one skill where in reality coding

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is a plethora of other skills combined

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into one right it's about coding is

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really problem solving it's how you see

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the world it's how you see a specific

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problem it's how you perceive that

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problem and it's how you break it down

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it's a combination of numerous aspects

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that form to be called dis thing coding

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right so in essence coding is really I

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will say combination of many skills and

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if you get into another business you can

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actually see that developing in real

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time most of the actual Tech folks that

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I know that got into businesses ended up

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becoming extremely successful after a

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few years I don't know anybody that got

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into a business that's been pretty much

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like stuck or failing uh for more than 5

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years the longest that I know was an

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individual who took him about 5 years to

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actually you know like stand up on on

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his feet and start making more money

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than he was doing at his job but

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nevertheless I haven't met anybody

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that's actually truly failed as a

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software engineer because like I said

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before we have an overwhelming advantage

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and doesn't matter what business you

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really get into right in the sense of

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actually let me take that back it does

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matter what business that should get

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into because you have to think of your

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business as a vehicle to get to

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somewhere if I want to go to the local

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grocery I have no problem with walking

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it would actually be more convenient to

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maybe walk and take my car and find a

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parking spot but if I want to go down to

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the Costco 30 mi from me then I can't

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really walk I need to take a car so in

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that sense the business model is your

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vehicle it's your car it's what you're

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going to use to get to where you want to

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be if you are somebody who wants to make

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a few million dollars maybe1 to $3

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million a

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year and not have a team you know not

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have a bunch of you know other people

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riing on you because that's just extra

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stress as well that you need to

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understand and you need to tolerate then

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you know there's some business models

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that you should avoid doing and others

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that you should focus more on right and

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you just have to see where you really

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fall what you want out of your life uh

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to kind of understand and hone down on a

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specific business model but nevertheless

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doesn't matter what you choose you're

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still going to have to go with a

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business at the end of the day it's

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literally the natural path of the

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software engineer I mentioned it in my

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other videos too but many of you might

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have already might already be on this

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journey of you got into a job you got a

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job you've been there for one or two

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years and you're maybe not liking where

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you are now you're not growing as much

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as you wanted maybe your bonus wasn't

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that great maybe your pay increase

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wasn't that great and you're already

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thinking of switching jobs and then you

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realize like switching to a different

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job is literally going to not only give

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you a promotion but also maybe another

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20 or 30% pay increase and so that's

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literally what ends up happening in

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software engineering every two or three

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years you have somebody change from you

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know company to company to company to

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company and the nature of software

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engineering itself is pretty Cutthroat

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there's no loyalty in it it's you hop

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from one company to another it's pretty

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much all monetary and who will give you

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the better deal that's who you go to but

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at the end of the day there's going to

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come a point where you're finally fed up

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with everything and you're already to a

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point where nobody can really quote

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unquote afford you you've already grown

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to such a level where you're going to do

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your own thing that's why you see most

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folks who don't end up retiring

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sometimes you'll see folks like you know

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in their 50s and 60s working for one

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company for 40 years 30 years and then

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they end up retiring after that but the

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folks that usually don't stick with one

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company and just keep switching

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companies back and forth they end up

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down the line maybe 15 20 years later

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founding their own company or joining

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somebody else as a partner right but

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that's for a very specific reason

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especially those folks who who

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continuously have a problem with just

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staying at one place and just keep

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jumping around for better pay better

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position and just are looking to climb

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up in status and climb up the corporate

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ladder those folks naturally are bound

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to One Day end up becoming an

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entrepreneur or a business owner because

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they're going to realize at the end of

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the day okay this is the best option for

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me so why take the risk of spending all

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your Youth and spending all those years

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going up the corporate ladder where you

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can just already go into the business

play16:52

right now and give it a try right now

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because as I mentioned before we as

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software Engineers have an overwhelming

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Advantage right in the way we approach

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business in a way we solve problems in a

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way we already have an overwhelming

play17:03

Advantage with the technology that we

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use there's so many things we can

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automate we're already familiar with all

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the tech we really need to use most of

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us even have some form of creative

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background in terms of using camera

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equipment or even editing stuff right so

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we have a wide variety of tools in our

play17:19

Arsenal that we can re uh that we can

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use and if I had to describe this in

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another way it's sort of like we have

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all the ingredients and all we really

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need is the courage to just do it so

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that's why anybody is watching video and

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that's maybe in the back of their mind

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had the inklink to man should I start a

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business this is your sign to go ahead

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and do that exactly what you want to do

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start a business take the risk just get

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into it just jump into it I'm not saying

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quit your job now and just hail Mar it

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if you want to you can do that I would

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if I went back in time I would have done

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that right after bat just hail Mar it

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because I think I would have figured it

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out but it took time for me to build

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this much trust in myself and I

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understand some people might not be

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there yet and you need to allow yourself

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time to build that trust in yourself

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hence you don't have to quit your job

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right now just the time that you spend

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watching Netflix the time that you spend

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watching YouTube videos the time that

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you spend leisurely use at least one or

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two hours of that a day and just look

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into creating a business look into

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bettering yourself in the sense of what

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you can provide to the world that you

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can get money for right because even if

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you do just that you'll realize as weeks

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go by months go by you'll be slowly

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getting to a point where you're less

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dependent on your job because you'll

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have a lot of money coming in from other

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sources as well and this was true for me

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I got into business and you know after a

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lot of failures I I had my big success

play18:49

and nowadays it's sort of like money is

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just attracted to me just it just keeps

play18:54

coming to even though I'm not looking

play18:55

for it whether it's from crypto whether

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it's from other endeavors it's I'm now

play19:00

at a point where I think I've set up my

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life in such a way I've set up my

play19:04

systems in such a way that money just

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favors me and this isn't some you know

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oh I'm unique or oh I have a special

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power that attracts money no it's just

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over the years I realized that there's a

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way that we as software Engineers we

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have an overwhelming advantage and

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there's a way we can position ourselves

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to really take as much advantage of the

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current world

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as possible because I think there's

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nobody else that's a better fit to take

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advantage of all the money and all the

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opportunities that we have currently

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than us software engineers and you can

play19:41

already see that with the content game

play19:43

you can see that with the way Tech is

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advancing we have ai now and soon you'll

play19:48

start hearing news about Quantum Quantum

play19:50

Computing as well but nevertheless we're

play19:53

at a point now where software Engineers

play19:56

are going to dictate pretty much the

play19:58

future whether through progression of AI

play20:01

itself or through other iterations and

play20:04

through other endeavors that's why you

play20:05

see most entrepreneurs and even most why

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am I talking about entrepreneurship just

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look at the Fortune 500 most CEOs of

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those companies are software Engineers

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they have a tech background most even

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co-founders and Founders have a tech

play20:19

background so that should already tell

play20:21

you something about specifically a

play20:23

software engineer and their innate skill

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set some people just look at programming

play20:27

as the one thing but I keep telling them

play20:29

programming is not one skill don't be

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afraid to go into other businesses don't

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be afraid to look into other directions

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because programming itself isn't one

play20:36

skill programming is a combination of

play20:38

multiple skills and it just so happens

play20:40

that you type on a keyboard to you know

play20:43

and you use a specific language to

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express the variation and the

play20:46

combination of those skills but it's not

play20:48

just one skill

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so that's pretty much all I wanted to

play20:54

really talk about and mention here but

play20:56

if you want to make your $1 million your

play20:58

first million dollars or however many

play21:00

how much money you want to make I'm

play21:02

telling you look into creating a

play21:04

business look into getting into

play21:06

entrepreneurship even if you don't

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consider yourself to be an entrepreneur

play21:09

or the business type look into doing

play21:11

something where you're dependent on

play21:13

yourself and not on anybody else no boss

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or anything because it's just going to

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make things better for you in the long

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term you'll have more

play21:20

accountability and the lives of you and

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your family isn't going to be in

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somebody else's hands literally right

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you'll be able actually to do everything

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with your own hands and with your own

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power so with that out of the way I hope

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this video was helpful let me know what

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you guys think of it in the comments and

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as always stay tuned more videos will be

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coming pretty much every single Monday

play21:41

thank you for watching have a good one

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