THE MINDSET OF HIGH ACHIEVERS - Powerful Motivational Video for Success

Summary

The speaker emphasizes that money should be invested in personal development and business growth, not in owning a home. He critiques the common belief that real estate is a guaranteed investment, urging people to rent instead and use their savings to build their brand. The speaker also reflects on the mindset behind wealth, highlighting that poverty and financial struggles are often passed down through generations. He stresses the importance of making mistakes, seeking help, and working with a strong team to succeed in business, and advocates for creating systems that generate wealth instead of just grinding away.

Takeaways

• 😀 Don't invest in your house, invest in your brand and marketing to grow wealth.
• 😀 A house is not an asset that generates money; it's a liability, and you should focus on growing your business instead.
• 😀 Renting a house is a smarter financial decision compared to buying because it allows you to invest the extra money into yourself and your business.
• 😀 Wealthy people are mobile and adaptable, not tied down by a single location. They move to where opportunities and wealth are.
• 😀 Successful people don't obsess over material possessions like homes; they focus on meeting wealth, connections, and opportunities.
• 😀 People with a poor mindset are often trapped in cycles of poverty and struggle, and this mindset is passed down through generations.
• 😀 If your mindset remains poor, money won’t solve your problems; wealth is tied to mental and emotional growth, not just financial gain.
• 😀 Failure is essential for growth; those who avoid mistakes or risks never learn, as the traditional education system teaches them to play it safe.
• 😀 Building a team of experts like accountants, lawyers, and bankers is vital in business, as success comes from working together, not alone.
• 😀 Business should not be about hustling or grinding endlessly; instead, it’s about creating systems that generate wealth automatically.
• 😀 Money is not something to be ashamed of. In fact, accumulating wealth enables you to help others, invest, and give back.

Q & A

Why does the speaker advise against investing money in a house?

The speaker suggests not investing money in a house because it's seen as a debt rather than an asset. A house doesn't generate income, and the money spent on purchasing or improving it could be better used to grow a business or invest in personal development.

What analogy does the speaker use to explain why renting a house is better than owning one?

The speaker compares buying a house to buying a hospital or a hotel room. Just as you wouldn't buy a hospital bed or hotel room for short-term use, you shouldn't buy a home when renting would be more practical for your goals.

How does the speaker view the connection between mindset and financial success?

The speaker emphasizes that financial success is heavily influenced by mindset. A person with a 'poor man’s soul' will struggle with money, no matter how much they earn, while a change in mindset can help break free from financial struggles.

What does the speaker mean by 'poverty is passed on'?

The speaker explains that poverty is often passed down through families, with values and beliefs about money being inherited. These beliefs, such as 'getting a job' and 'working hard,' can limit financial success if not challenged.

Why does the speaker emphasize the importance of moving and being flexible?

The speaker highlights that wealthy individuals are mobile and flexible, constantly seeking new opportunities and connections. Staying in one place too long can lead to complacency, and moving allows for growth and the pursuit of wealth.

How does the speaker describe the role of failure in personal growth?

The speaker views failure as an essential part of growth. Mistakes and setbacks teach valuable lessons, and those who are afraid of making mistakes never truly learn or evolve. In contrast, those who embrace failure as part of the process will succeed in the long run.

What is the speaker's view on the current trend of social media influencers?

The speaker critiques social media influencers for promoting unrealistic ideals of wealth, such as champagne and private planes. They suggest that this is misleading and that true success requires hard work, patience, and foundational learning.

What advice does the speaker give to young people starting their careers?

The speaker advises young people to dedicate 7 years to learning their craft, building relationships with mentors, and being patient. This foundational work sets them up for long-term success.

How does the speaker view the school system and its impact on financial success?

The speaker criticizes the school system for teaching students to avoid mistakes and to solve problems independently. This approach limits learning, while successful businesspeople understand the importance of teamwork and seeking help from experts like accountants, attorneys, and bankers.

What is the speaker's perspective on money and business?

The speaker believes in creating systems that generate wealth, rather than just hustling or grinding. They are not ashamed of wanting money, seeing it as a tool to help others and create opportunities, and they advocate for a mindset that embraces prosperity.