i became a millionaire at 24. here's 11 lessons for anyone in their 20s.
Summary
TLDRThis inspiring video script narrates the journey of a 24-year-old millionaire who emphasizes the importance of taking responsibility for one's life and embracing a growth mindset. The speaker shares personal experiences and lessons from stoicism, highlighting the power of changing one's perception and the value of patience in achieving success. The script also discusses the significance of choosing the right business venture, the importance of skills and knowledge, and the need to find joy in the process of pursuing goals. It concludes with a reminder to trust one's intuition and appreciate life's simple pleasures as the key to true fulfillment.
Takeaways
- 💡 Accept Responsibility: The speaker emphasizes that where you are in life is 100% your fault and accepting this is the first step to making positive changes.
- 🌟 Change Perception: Altering your perception of your situation can lead to progress, both mentally and financially.
- 📚 Learn from Stoicism: The book 'The Obstacle is the Way' introduced the speaker to stoicism, teaching acceptance of all events without labeling them as good or bad.
- 🛠 Take Action Daily: No matter how dire the situation, doing a little bit of work every day can help you overcome it.
- 🚀 Design Your Life: Recognize that you have control over your life and thoughts, and you can design the life you want.
- 💼 Success Takes Time: Success often takes longer than expected, and patience is a crucial skill in the journey to wealth.
- 💼 Value of Hard Work: Hard work is important, but it's not the only factor in success; choosing the right vehicle for your work is equally important.
- 💼 Choose the Right Vehicle: The speaker made their first million by selling other people's viral products, showing the power of choosing a scalable and proven business model.
- 💼 Develop Valuable Skills: Focus on acquiring skills that provide value to the world, as this is how you get paid.
- 💼 Knowledge and Skills are Power: The only things that can't be taken away are the knowledge and skills you possess.
- 💖 Find Enjoyment in the Process: Appreciate the journey and the small joys in life, as money and success are not the only sources of happiness.
- 🧘♂️ Trust Your Intuition: Cultivate and trust your intuition as it is a source of divine wisdom and can guide you to your highest purpose.
Q & A
What is the main message the speaker wants to convey about personal responsibility and success?
-The speaker emphasizes that where one is in life is 100% their own fault, and accepting this can lead to positive change. They advocate for taking accountability for one's current situation as the first step towards success.
How did the speaker's mindset change after reading 'The Obstacle is the Way' by Ryan Holiday?
-The book introduced the speaker to stoicism, which taught them to accept everything that happens without labeling it as good or bad. This shift in perception allowed the speaker to feel more in control of their life and to start making progress.
What is the significance of the speaker's first million-dollar month in their business journey?
-The speaker's first million-dollar month was significant because it was the result of working on the right vehicle (YouTube, investment portfolio, and selling a software company), demonstrating the power of choosing the right path and the importance of patience and hard work.
Why does the speaker suggest that patience is a more important skill than hard work for success?
-The speaker argues that patience is more important because hard work alone does not guarantee success. They point out that some of the hardest working people are underpaid, whereas patience allows one to wait for the right opportunities and to work smart.
What is the speaker's opinion on the importance of choosing the right vehicle for work?
-The speaker believes that choosing the right vehicle for work is crucial for success. They suggest picking something that one enjoys, that has a high ceiling for growth, can scale, and is currently working for others.
Why did the speaker feel it was a mistake to avoid getting a job while trying to become an entrepreneur?
-The speaker regrets not getting a job because it would have provided necessary startup capital and valuable skills. They believe that having a job can help build skills and save money, which are both important for starting a successful business.
What is the speaker's advice for those who are just starting their entrepreneurial journey?
-The speaker advises beginners to follow a path that has already been proven to work by others, rather than trying to pioneer something new. They suggest starting an online store selling products that are already popular as a way to make the first million.
How does the speaker define the relationship between providing value and earning money?
-The speaker defines it as a direct proportion: the more value one provides to the world, the more money one can earn. They argue that money is earned by solving problems and making the world a better place.
What is the speaker's view on the importance of enjoying the process of working towards one's goals?
-The speaker believes that enjoying the process is essential and that external achievements like money are fleeting. They suggest finding enjoyment in the journey and appreciating the simple things in life.
What advice does the speaker give regarding taking advice from others?
-The speaker advises to be cautious about taking too much advice from others, as the best insights come from one's own intuition. They encourage cultivating and trusting one's inner wisdom.
How does the speaker describe the importance of knowledge and skills in the face of an uncertain future?
-The speaker describes knowledge and skills as the ultimate power, stating that they are the only things that cannot be taken away. They suggest focusing on self-education and skill development as a way to prepare for any future scenario.
Outlines
💰 Taking Responsibility for Success and Change
The speaker reflects on becoming a millionaire at 24 and emphasizes that one's current situation is entirely their own responsibility. They discuss overcoming a victim mentality from childhood and the transformative impact of reading 'The Obstacle is the Way' by Ryan Holiday, which introduced them to stoicism. This philosophy taught them to accept life's events without labeling them as good or bad, leading to a sense of control over their life and thoughts. The speaker encourages embracing this mindset to design the life one desires and to understand that success is a result of one's actions and choices.
🚀 The Power of Patience and Choosing the Right Path
The speaker highlights the importance of patience as a key to success, using examples of successful individuals like Samuel L. Jackson and the founder of Walmart, who found wealth later in life. They argue that hard work alone is not sufficient for success and that choosing the right vehicle or project is crucial. The speaker shares their own experience of making over a million dollars in a month through various ventures, emphasizing the need to select something with a high ceiling for growth and that is currently working for others. They advise against trying to pioneer new industries and instead suggest building upon existing successful models.
🛠️ Building Skills and Capital for Entrepreneurial Success
The speaker advises against the fear of getting a job while aspiring to be an entrepreneur, explaining that having a job can provide necessary capital and skills for starting a business. They share their own experience of doing various side hustles instead of getting a job, which did not help them as much as they had hoped. The speaker stresses the importance of developing valuable skills and providing value to the world as the key to earning money. They encourage finding problems to solve and offering solutions that improve the world, which will naturally lead to financial gain.
🌟 Pursuing Passion and the Importance of Enjoying the Journey
The speaker discusses the importance of pursuing a path that is true to oneself and finding enjoyment in the process of achieving goals. They share personal anecdotes about their journey from being involved in the arts to becoming a successful entrepreneur, emphasizing the need to stay connected to one's interests. The speaker also touches on the fleeting nature of material success and the importance of appreciating life's simple pleasures. They conclude by advocating for listening to one's intuition and cultivating self-knowledge as the best guide for achieving one's highest purpose.
Mindmap
Keywords
💡Millionaire
💡Accountability
💡Victim Mentality
💡Stoicism
💡Perception
💡Patience
💡Value
💡Intuition
💡Gratitude
💡Success
💡Pioneer
Highlights
At 24 years old, the speaker became a millionaire and emphasizes that one's current situation is entirely their own responsibility.
The importance of accepting one's current position in life to make positive changes is highlighted.
Growing up with a victim mentality and learning to change perception to see progress is discussed.
The transformative impact of the book 'The Obstacle is the Way' by Ryan Holiday on the speaker's life is shared.
An introduction to stoicism and its influence on accepting life's events without labeling them as good or bad.
The realization of having control over one's life and thoughts through stoic principles.
The speaker's wish for an early understanding of the importance of taking accountability for one's life.
Examples of successful entrepreneurs who became rich at different stages of life, emphasizing patience.
The fallacy of the belief that hard work alone leads to success, with examples of underpaid hard workers.
The speaker's personal experience of making over a million dollars with minimal daily work.
The power of choosing the right vehicle for work and the importance of selecting something with scalability.
The advice against starting a business with no savings and the value of having a job for financial stability.
The speaker's recommendation to focus on developing valuable skills in one's free time.
The concept that money is earned by providing value to the world and solving problems.
The importance of knowledge and skills as the ultimate power, as shared by a conversation with a wealthy individual.
The speaker's belief in the pursuit of knowledge and skills for self-education and personal growth.
The advice to choose a path that is true to oneself and to maintain genuine interest in one's work.
The importance of finding enjoyment in the process of working towards goals.
The speaker's reflection on the fleeting nature of material success and the need to appreciate life's simple pleasures.
The final advice to stop taking too much advice from others and to trust one's own intuition.
Transcripts
at 24 years old I became a millionaire
and over these last few years I learned
a
lot first you are exactly where you
belong and it's all your fault seriously
where you are today is 100% your fault
and the sooner you can accept this the
sooner you'll be able to break free and
make a positive change in your life
growing up as a kid I always had a
victim mentality I felt like life was
happening to me and I had no control
over anything I grew up broke I was
super short so I wasn't good at sports
and I never excelled in anything I felt
like I was dealt a bad hand in life and
maybe you feel the exact same way but
guess what you're exactly where you are
today and you can't change about it but
what you can change is your perception
of your situation and once I changed
this I finally started to see progress
in my life not only mentally but
financially as well when I was 17 I read
a book called The obstacle is the way by
Ryan holiday and this book changed my
life forever in this book I learned
about stoicism which is a way of living
in which you simply learn to accept
everything that happens to you you stop
labeling things as good or bad and just
accept them as they are it taught me
that no matter how bad my situation is
so long as I did a little bit of work
every day I could get out of it and from
understanding this I started to feel
like I had control over my life control
over my thoughts and I realized I could
design the life that I
[Music]
want this is the first lesson I wish
someone taught me as a kid because I
spent way too many years just drifting
through life feeling like everything was
out of my control This Is A Lie
sh and the first step to breaking out of
this flawed State of Mind is simply
taking accountability for where you're
at today realizing that you're exactly
where you belong and no matter how bad
it is you can get out the position
you're in today is simply the sum total
of all the actions you've taken over the
course of your life and to become
successful the same is true it's just
going to take twice as long as you
think 3 2 1 I just wish someone would
have told me this 10 years ago when I
first started my journey so I wouldn't
have been so hard on myself and actually
enjoyed the process a little bit more
like I genuinely used to get so upset
when I would see all these young
successful kids because I wasn't a
teenage millionaire just like them and I
think nowadays this is becoming more of
an issue than ever before and it's a
real problem let's talk about some of my
favorite successful entrepreneurs and
when they got
rich this is one of my favorite actors
of all time Samuel L Jackson and he
didn't become a millionaire until he was
43 years old bro was acting in Hollywood
for 20 years with no success until one
day he finally hit big with a movie
called jungle fever and this movie
brought him in over $40 million y'all
ever heard of Walmart well this dude
right here created Walmart in his late
40s after literally bagging groceries
for 25 years stacking up a little bit of
change and putting together this little
grocery store that we all know and love
and now his family is literally the
richest family in America with
$267 billion bro and lastly I want to
talk about Sean John comes also known as
P Diddy or Diddy or love chill chill
chill chill chill chill what you mean
bro the point is you can't sit here and
stress about how long it's going to take
patience is a skill that has been lost
in this instant gratification social
media era and in my opinion it is the
single most important skill when it
comes to becoming successful you might
think hard work is actually the most
important skill but in reality hard work
doesn't really
matter some of the hardest working
people in the world are the most
underpaid think about construction
workers who literally go out in the hot
Sun every single day to build this
beautiful world we live in they making
on average
$33,000 a year or firefighters who risk
their lives every single day just to
bring in around $40,000 a year and then
there's me last month I made over a
million dollar it was my biggest month
in all the 10 years that I've been doing
business and I kid you not I worked one
maybe two hours a day now does that mean
that you should only work 1 hour a day
hell no what it means is that you need
to choose the right vehicle to work
on last month I made over a million
dollars from this YouTube channel my
Investment Portfolio and from selling my
software company viral Vault this is a
company that I spent 5 to 10,000 hours
building over the last 6 years and I
even grew it to the point where it was
passively making over $200,000 a month
and sold it for a multi-million doll bag
that is the power in choosing the right
vehicle you need to pick something that
you genuinely like and can see yourself
doing for years you need to pick
something with a high ceiling that can
scale really far and most importantly
you need to pick something that you see
is working for other people right now
because you don't have to be a
Pioneer I know hundreds of Millions
all from different parts of the world
all from different backgrounds yet I
don't know a single one who got rich
from doing something brand new for every
single Mark Zuckerberg that got rich
pioneering a new industry there got to
be at least a 100,000 millionaires who
made it by walking a path that had
already been laid before them like this
guy and as a beginner you need to
realize everything's a thousand times
easier if you just do this nice thanks
man appreciate it who do you think you
are when I was young I tried starting
all these crazy innovative business
ideas like hosting a music festival
building an iPhone app or starting my
own clothing brand what made me my first
million was starting an online store
selling other people's products that
were already going viral and it only
took me one year after starting this
business to make my first million
dollars in sales there's literally
thousands of different things to choose
from so don't overthink it too much just
pick something that is proven to work
for other people right now if you want
to become a billionaire maybe it's
different but if you want to make your
first M just do this but if you're
watching this video video and you have 0
or next to no savings don't start a
[Music]
business all through high school I made
a promise to myself to never work a job
so I did pretty much every side hustle
you could think of just to scrape by and
make a little bit of money and in the
end I graduated with less money than all
my friends who actually went out and got
jobs I wish someone told me 10 years ago
that it's okay to get a job even though
I wanted to become a successful
entrepreneur it would have put some much
needed money in my pocket gave me a
better work at this and if I choose the
right job I know for a fact it would
have got me closer to my goal of
becoming a successful business
owner welcome with your mother H today
hi um can I please get a Happy Meal and
one McFlurry please nowadays I see too
many kids that are scared to go and get
a job because they want to become an
entrepreneur or a content creator but in
my opinion it's stupid because you can
do both you can work a part-time job
during the day to stack up some money
and in your free time do a side hustle
so you can build up a skill that you can
get paid for skills pay the bills and
the only way you can build a successful
business is if you have some startup
capital and a set of valuable skills so
I think you should stop focusing so much
on making money and focus on developing
valuable skills in your free time
because you get paid in proportion to
the value that you provide to the
[Music]
world it's actually impossible to make
money you can only earn money and the
only way to do that is by actually
providing providing value to the world
it's simple if you can find a problem in
the world and get good enough to solve
it you'll get
[Music]
paid I made millions of dollars by
creating a product that helped people
fall asleep faster helping hundreds of
thousands of people start their first
online business and entertaining
millions of people here on YouTube it's
not like I'm ending world hunger or
anything but in some way I'm trying to
make the world a better place and that's
the only way you can get money unless of
course you still
it and when you start to look at the
world this way you begin to see
opportunities everywhere your neighbors
have Dusty or dirty cars well you can
make $100 a day helping them clean them
is your local pizza shop struggling well
you can make $1,000 a month if you help
them run ads humans are polluting the
world at an Unstoppable rate that will
eventually end up in a calamitous
situation that will result in the
permanent downfall of humanity as we
know
it well you'll probably become a
billionaire if you can figure out how to
solve that anyways there are problems
everywhere and if you can solve them
you'll get paid that's why Knowledge and
Skills are the ultimate
power last year I had a conversation
with one of the richest men in the world
he's literally number 40 on the Forbes
list and I asked him about where he
thinks the world is heading he said well
uh I mean there'll be there'll be
crashes and there'll be a final crash a
final Crash from which there is no
return comforting right when that moment
I started panicking and I asked him what
any sensible person would what can I do
to prepare myself and he said the only
thing they can never take away from you
is what you have learned and in that
moment I realized that nothing in this
world is truly ours except for our
knowledge and our unique skills that we
have to offer the world and that's why
still to this day that's all I focus on
I try to learn something new every day
by reading and sharpen my skills in the
things that I love to do the most like
making videos working on my business
producing music and
kickboxing look no matter what stage
you're at this should be your focus get
better every day at a skill that
provides value to the world and make
sure you're constantly pursuing
knowledge through self-education just
whatever you do make sure you choose a
path that's actually true to
you this is not me saying you have to
find your passion before you do anything
but all I'm saying is whatever dream or
path you decide to go down in life is
something that you're actually
interested in because it's not going to
pop off right away and it's going to
take a couple years until that thing
actually works out and to get through
those years you genuinely need a love
for the game the worst feeling ever
would be to make it to the top of your
field and ultimately feel like you
wasted your
life you know I feel this way sometimes
even though I love being an entrepreneur
I grew up obsessed with the Arts I used
to enjoy making short films I used to
play instruments for a long time and
produce my own music and and somehow I
ended up becoming this business guy here
on YouTube but it's not too late in fact
I still make music every day and
hopefully one day I'll be able to break
through that Arena as well it's okay to
get lost along the way and even take a
few wrong turns all that really matters
is that you know where you're trying to
go and never lose sight of that no
matter how far away it seems and most
importantly you're able to find
enjoyment in the
[Music]
process I just wish I appreciated some
of the hard times more when I was going
through them and I know it's the easiest
thing in the world for me to say this
now in the position I'm in today but
genuinely looking back at those 4:00
a.m. late night sessions working on my
Dusty old computer in the laundry room
at my mom's house was some of the
highest level of motivation and
discipline I ever had in my life I'm
still chasing that feeling to this day
no matter what stage of the journey
you're in you have to be able to
appreciate it and I feel like that comes
from understanding that money won't fix
the way you feel sure it might
temporarily make you feel better but the
feeling is fleeting I promise you to fix
the way you feel you have to learn to
appreciate the basic goodness of life
you have to learn to appreciate the
simple mundane things that you're taking
for granted every single day this is why
you could have a billionaire that is
depressed with a broken family that
hates him and a lower middle class
family that's happy and builds a happy
home one is searching for external
fulfillment and the other is simply
accepting life in the the way that it is
and it's funny because my brain is in a
constant Push Pull between both of these
Dynamics I want more and I want to be
successful but I also am just trying to
enjoy life for what it is and stop
chasing all these external things that
in the end don't really matter because
no matter how much of them I get I never
feel any better the only time I
genuinely feel good nowadays is after a
conversation with an old friend a walk
through my neighborhood a good workout
or there's these new birds in my
neighborhood they're like maca I don't
know how they ended up there they
escaped from some local zoo and every
day at 7:00 p.m. I see these birds
flying outside of my house and the
feeling that I get from seeing those
birds is somehow better than the feeling
I got when I sold my company for
millions of dollars I don't know doesn't
make any sense that's the point I'm
trying to make here the best things in
life are free so don't ignore that in
pursuit of your goals and lastly stop
taking advice
I know you just heard me Yap for like 10
minutes straight but seriously you
should stop trying to take so much
advice from other people because inside
of you is really where the most Divine
wisdom lies no one knows you like you
know yourself and all of my best ideas
have come from following my intuition
now look I don't even know who you are I
don't know your name I don't know where
you're watching this video from but I do
know you're a part of the winner circle
and if you're not make sure to hit that
subscribe button but only you know what
you want out of life and that comes from
connecting with your intuition therefore
you need to cultivate it and protect it
at all costs we all have God within us
and I believe if we serve him every day
by taking care of ourselves and doing
the right things he will guide us to
reaching our highest purpose in this
lifetime and these are the things that I
wish someone taught me when I was first
starting in my journey or maybe they've
been inside of me all
[Music]
along this ain't cheddar this key
take
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