if i wanted to become a millionaire in the next 12 months, here's exactly what i'd do...

Summary

In this video, the speaker outlines a 10-step guide to transition from a 9-to-5 job to becoming a millionaire entrepreneur. The steps include identifying valuable skills, cutting out negative influences, investing in self-education, and surrounding yourself with successful mentors. The speaker emphasizes the importance of time management, learning to sell, and setting clear financial goals. By following these steps—such as making strategic investments and measuring progress—the speaker believes anyone can accelerate their path to financial success and entrepreneurial freedom.

Takeaways

• 😀 Identify your millionaire skill by researching lucrative careers and assessing your own interests and expertise.
• 😀 🚫 Stop hanging out with broke friends who don’t support your goals, as they can drain your energy and motivation.
• 😀 🧑‍🏫 Replace your old circle with rich mentors or role models who can teach you valuable lessons and open doors.
• 😀 ⏳ Maximize your time by studying and learning from the best in your field during all available moments.
• 😀 💸 Be willing to invest in yourself—even if it means going into debt—to access the knowledge and opportunities you need.
• 😀 🏢 Get in the room with successful people by attending events and conferences that align with your goals.
• 😀 🔍 Do thorough research on the people you want to connect with before attending events to make sure you're prepared.
• 😀 💡 Master sales skills, as selling is essential for success in any field—whether you’re selling yourself, a product, or an idea.
• 😀 📊 Set clear, measurable goals (millionaire metrics) and break down your targets to track progress toward your million-dollar goal.
• 😀 💭 Remind yourself daily that you're still broke to maintain motivation and push toward the version of yourself you want to become.

Q & A

What is the first step in transitioning from a 9-to-5 job to becoming a millionaire?

The first step is to identify your 'millionaire skill'—the occupation or skill set that can generate substantial income. This involves researching high-paying careers and aligning them with your interests and current knowledge.

Why is it important to stop hanging out with broke friends?

Surrounding yourself with people who lack ambition or interest in your goals can drain your energy and hinder your progress. To become a millionaire, it's crucial to be around supportive, like-minded individuals who inspire and push you forward.

How do you find 'rich teachers' to help guide your success?

Find successful people in your chosen field and learn from them. Study the top 10 individuals in the area you want to excel in, whether that’s entrepreneurship, real estate, or another profession. Mentors or idols like Grant Cardone can offer invaluable insights.

What are some practical ways to stop wasting time on distractions?

To stop wasting time, replace distractions like Netflix or social media with productive activities. Prioritize learning through podcasts, YouTube videos, and books that teach you the skills needed for your chosen field.

Why should you consider going into debt or making investments to succeed?

Investing in yourself, even if it means going into debt, is key to growth. Money is a tool that can help you access valuable resources, such as education or networking opportunities, that will accelerate your journey to success.

How can attending events and networking with successful people help you achieve your goals?

Getting into the rooms with successful individuals is essential for personal growth. Networking at events gives you the chance to learn from those who’ve already achieved what you want and to make connections that can open new opportunities.

What does it mean to be a 'good kind of stalker' when preparing for an event?

Being a good kind of stalker means thoroughly researching the key people attending an event. This involves understanding their background and work so that you can engage meaningfully and make the most of the networking opportunity.

Why is learning sales crucial for becoming a millionaire?

Sales skills are essential because they enable you to sell yourself, your product, and your ideas effectively. Successful people know how to sell, whether it's convincing customers or future business partners to invest in their vision.

How do you set clear goals and metrics for becoming a millionaire?

Setting 'millionaire metrics' involves breaking down your financial target into daily goals. For instance, if you need to make $1 million, calculate how much you need to earn each day, and then set goals to hit those targets consistently.

What mindset should you adopt to stay focused on your long-term goals despite obstacles?

Remind yourself daily that you're still 'broke,' not as a negative affirmation, but to keep your focus on your potential and goals. This helps you stay driven and committed to the journey, especially when facing challenges or setbacks.