I became a multi-millionaire in my 20s. Here are the 9 biggest lessons I've learned

Sean Dollwet
5 Jul 202419:05

Summary

TLDRThis video shares valuable financial lessons from a self-made millionaire, emphasizing the importance of aligning one's career or business with their desired lifestyle. The speaker advises starting with an end goal in mind, learning continuously, and taking consistent action despite fear of failure. He stresses the value of implementing what is learned, the significance of consistency, and the misconception that success is reserved for the exceptionally smart. The video encourages viewers to believe in their potential, take calculated risks, and understand that financial success is not the sole measure of self-worth.

Takeaways

  • 🎯 Start with the end goal in mind: Choose a career or business that aligns with the lifestyle you desire, not just for the money.
  • 🔗 Everything is connected: Each step in your journey, even failures, can lead to new opportunities and learning experiences.
  • 💡 Be better, not just wishing for easier: Improve your skills and value to the market, which will naturally increase your income.
  • 📚 Implement as fast as possible: Learning is important, but taking action is crucial for success and financial growth.
  • 🔄 View failure as a learning opportunity: Success comes after failure, so embrace it as a step towards achieving your goals.
  • 🔑 Consistency is key: Successful people show up every day and are patient with the results, understanding that success takes time.
  • 🤷‍♂️ Not everyone who is successful is smarter: Belief in oneself and taking action can lead to success, regardless of intelligence.
  • 💰 Do not equate self-worth with financial success: Money is important, but it's not the only measure of a person's value.
  • 🚀 Take calculated risks: Overcoming the fear of losing money can lead to significant growth and opportunities.
  • 🚫 When broke, you don't get to be picky: If you're struggling financially, take every opportunity to earn money without hesitation.
  • 🏆 Success requires sacrifice and hard work: Be prepared to work tirelessly and make personal sacrifices to achieve financial freedom.

Q & A

  • What is the primary lesson the speaker wants to convey in the video?

    -The primary lesson is to start with the end goal in mind, focusing on the lifestyle you want rather than just the money, and to align your career or business with that goal.

  • Why did the speaker become a self-made millionaire by 26 and a multi-millionaire in his 20s?

    -The speaker became a self-made millionaire and multi-millionaire by learning valuable lessons about money and life, and applying them to his financial journey.

  • What is the 'sunk cost fallacy' mentioned by the speaker?

    -The 'sunk cost fallacy' refers to the tendency to continue investing in a decision based on the cumulative prior investment, rather than evaluating the current and future value of other options.

  • Why does the speaker advise against starting a social media marketing agency?

    -The speaker advises against it because, despite the potential to make money, the lifestyle that comes with it involves dealing with constant client complaints, meetings, and sales calls, which many people find miserable.

  • What type of business did the speaker choose for complete freedom?

    -The speaker chose an online digital product-based business because it allows for location and time freedom, requiring only a laptop and Wi-Fi to operate.

  • What is the significance of the book 'Rich Dad Poor Dad' in the speaker's journey?

    -The book 'Rich Dad Poor Dad' influenced the speaker's decision to pursue a career in sales, emphasizing the performance-based nature of sales and its potential for higher earnings.

  • How did the speaker's experience in door-to-door sales benefit him later in life?

    -The speaker's experience in door-to-door sales was listed on his resume, which helped him secure a better sales job with a good base pay and high commission, despite being much younger than his colleagues.

  • What is the speaker's view on the importance of taking action?

    -The speaker emphasizes that taking action is crucial for success and that learning without implementation is ineffective. He encourages viewing failure as a learning experience that brings you closer to success.

  • Why does the speaker say consistency is more important than anything else?

    -The speaker believes that consistency is key to success because it ensures that you show up and put in the work every day, which is a trait that successful people have in common.

  • What lesson does the speaker learn from meeting other millionaires and multi-millionaires?

    -The speaker learns that successful people are not necessarily smarter than others; rather, they believe in their abilities and take action without fearing failure, leading to their success.

  • What is the speaker's advice for people who are broke and looking to make money?

    -The speaker advises that when you're broke, you don't have the luxury of choosing how to make money. Instead, you should take every opportunity available to you to earn money.

  • What is the speaker's perspective on associating failures or successes with self-worth?

    -The speaker advises against associating self-worth with financial success or failure, emphasizing that everyone is equal and that success in life involves more than just financial achievements.

  • Why did the speaker initially struggle with taking risks in business?

    -The speaker initially struggled with taking risks due to a conservative mindset and fear of losing money, which hindered his progress in business.

  • How did the speaker's approach to learning and action change over time?

    -The speaker transitioned from consuming content without taking action to implementing what he learned as he went, which led to significant progress and success in his business.

Outlines

00:00

💼 The Importance of Aligning Career with Lifestyle Goals

The speaker emphasizes the significance of having a clear vision of the desired lifestyle when pursuing financial success. They share their journey to becoming a self-made millionaire and the lessons learned along the way. The key takeaway is to choose a career or business that aligns with one's lifestyle aspirations rather than just focusing on monetary gains. The example of a social media marketing agency is used to illustrate how a business might be lucrative but not necessarily fulfilling. The speaker advocates for an online digital product-based business for the freedom it offers in terms of location and time, as it aligns with their ideal lifestyle of complete financial, location, and time freedom.

05:01

🔗 The Interconnectedness of Life's Journey and Learning

This paragraph discusses the concept that every experience, even seemingly negative ones, contributes to personal growth and opens new opportunities. The speaker recounts their time in multi-level marketing and how it led to reading 'Rich Dad Poor Dad,' which in turn influenced their career path in sales. The narrative shows how a door-to-door sales job, despite being challenging, became a valuable addition to their resume and eventually led to a higher-paying sales position. The speaker encourages viewers to focus on skill acquisition from every experience, as these skills can lead to greater opportunities in the future.

10:02

💰 The Value of Skill Improvement and Marketability

The speaker highlights the importance of enhancing one's skills to increase value in the marketplace. They explain that income is directly proportional to the rarity and demand for one's skillset, using the example of a heart surgeon versus a fast-food worker. The speaker shares their personal struggle with English and social anxiety and how they overcame these challenges through persistent learning and sales jobs. The message is clear: instead of wishing for easier circumstances, one should strive to improve their skills, which will naturally lead to higher earnings and success.

15:02

🚀 The Urgency of Action and Embracing Failure

The speaker stresses the importance of taking action and not just consuming knowledge. They share their own experience of being stuck in a cycle of learning without implementation, which did not yield financial progress. The lesson is to implement what is learned as quickly as possible and to view failure as a necessary step towards success. The speaker encourages embracing failure as a learning opportunity, which will ultimately lead to success faster. The key is to fail quickly, learn from it, and move forward with the knowledge gained.

🔄 The Power of Consistency and Delayed Gratification

Consistency is presented as the key to success, with the speaker noting that successful people are those who show up and work daily, regardless of immediate results. They contrast this with those who talk about making money but fail to take consistent action, often quitting quickly when results are not immediate. The speaker emphasizes the importance of having a long-term perspective and being comfortable with delayed gratification, as success in business often requires time and sustained effort.

🤑 Challenging the Myth of Intelligence in Wealth Creation

The speaker dispels the myth that only highly intelligent people can become wealthy, sharing personal anecdotes of meeting successful individuals who are not necessarily more intelligent than others. They argue that belief in one's abilities and taking action are more critical than innate intelligence. The lesson is to have self-belief and to understand that success is attainable for anyone who is willing to take action, regardless of their perceived level of intelligence.

💬 Separating Self-Worth from Financial Success

The speaker discusses the importance of not equating self-worth with financial success. They caution against the belief that a person's value is determined by their income or success level, pointing out that even successful individuals can have personal struggles and unhappiness. The message is to pursue financial success while maintaining a balanced perspective on life, recognizing that self-worth is not solely defined by one's bank account.

🛫 The Necessity of Taking Risks for Business Growth

The speaker shares their personal journey of overcoming the fear of taking financial risks in business. They reflect on how their initial reluctance to invest in education and mentorship hindered their business growth. Once they embraced the idea of taking calculated risks, their business flourished. The lesson is to let go of the fear of losing money and to invest in oneself and one's business, as this can lead to significant growth and returns.

🚫 The Limitations of Options When Financially Struggling

The speaker addresses the misconception that one can be selective about how to make money when they are financially struggling. They argue that financial freedom comes with the privilege to choose, but when broke, one must take any opportunity to earn money. The speaker shares their own experiences of working tirelessly without complaint when they were broke, emphasizing that hard work and taking every opportunity is essential to change one's financial situation.

Mindmap

Keywords

💡Financial Freedom

Financial Freedom refers to the state of having enough financial resources to cover all of life's expenses without having to work actively for a living. In the video, the speaker emphasizes the importance of pursuing financial freedom with the end goal in mind, rather than choosing a career or business solely for the money it can bring.

💡End Goal

The term 'end goal' is used to describe the ultimate objective or desired outcome one aims to achieve. In the context of the video, the speaker advises viewers to start with the end goal in mind, which could be a certain lifestyle, rather than just focusing on the monetary aspect of success.

💡Passion

Passion is a strong emotional connection or enthusiasm for a subject or activity. The video mentions that people often pursue high-paying careers not out of passion but because of the income they provide, which can lead to dissatisfaction and a lack of enjoyment in one's work.

💡Lifestyle Business

A lifestyle business is a type of business that is designed to provide its owner with the income and flexibility to maintain a certain desired lifestyle. The video contrasts this with businesses that may be profitable but do not align with the owner's desired lifestyle, such as a social media marketing agency.

💡Location Freedom

Location Freedom is the ability to live and work from anywhere without being tied to a specific geographic location. The speaker in the video highlights location freedom as part of their ideal lifestyle and chose an online digital product-based business to achieve this.

💡Time Freedom

Time Freedom refers to the flexibility to choose when and how much one works. The video discusses the importance of time freedom as part of an ideal lifestyle and how certain businesses may restrict this freedom due to the need for constant client interaction and meetings.

💡Connected Experiences

The concept of 'connected experiences' in the video suggests that every step or experience in one's life or career can be valuable and lead to future opportunities. The speaker shares personal anecdotes to illustrate how seemingly unrelated experiences contributed to their success.

💡Skill Set

A 'skill set' is the collection of abilities and expertise that an individual possesses. The video emphasizes the importance of improving one's skill set to increase one's value in the marketplace, which in turn can lead to higher earnings and success.

💡Implementation

Implementation refers to the act of putting a plan, idea, or strategy into effect. The speaker warns against the trap of continuous learning without taking action, stating that implementation is crucial for success and that learning should be immediately followed by action.

💡Failure

Failure, in the context of the video, is portrayed not as a setback but as a learning opportunity that brings one closer to success. The speaker encourages viewers to view failure positively and to not fear it, as it is an essential part of the journey to success.

💡Consistency

Consistency in this video is highlighted as a key trait of successful people. It refers to the ability to persistently work towards a goal, day in and day out, without giving up. The speaker notes that consistent action is more important than sporadic bursts of effort.

💡Self-Worth

Self-worth is the value and respect one holds for oneself, independent of external achievements. The video advises not to associate self-worth with financial success or failure, emphasizing that everyone is equal regardless of their financial status.

💡Risk

Risk, in the context of the video, refers to the potential for loss or downside in business or financial decisions. The speaker shares their personal journey of overcoming the fear of taking risks and investing in their business, which ultimately led to significant growth.

💡Options

Options, in the video, relate to the choices one has available, particularly in how to earn a living. The speaker points out that when one is financially constrained, they may not have the luxury of choosing how they make money, unlike those who are already wealthy.

Highlights

The importance of starting with an end goal in mind to align your career or business with the lifestyle you desire.

The pitfalls of pursuing high-paying careers without passion, leading to misery and lack of life enjoyment.

The downside of starting a business solely for financial gain without considering the lifestyle implications.

The example of a social media marketing agency as a business model that may bring income but constant stress.

The author's personal journey to financial freedom through an online digital product-based business for location and time freedom.

The interconnectedness of life experiences and how learning from one can benefit the next.

The value of sales as a performance-based career and its impact on the author's early career choices.

The significance of taking action and implementing what you learn to avoid the trap of endless consumption of knowledge without application.

The necessity to view failure as a learning experience and a stepping stone towards success.

Consistency as the key to success, showing up every day and putting in the work regardless of immediate results.

The realization that many successful people are not necessarily smarter but have a strong belief in their abilities and take action.

The importance of not associating self-worth with financial success or failure.

The transformative power of taking risks and investing in oneself to accelerate business growth.

The harsh reality that when broke, one may not have the luxury of choosing how to make money.

The author's personal sacrifices and hard work during the early years that contributed to his eventual success.

The call to action for viewers to engage with the content, share their takeaways, and consider working with the author's team.

Transcripts

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so if you clicked on this video you're

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probably interested in making more money

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you might be on your journey to

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Financial Freedom well I've been on the

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same Journey since I was 18 years old

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after many years of failing I became a

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self-made millionaire at the age of 26

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then shortly after I became a

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multi-millionaire while still being in

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my 20s and through this journey I've

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learned a lot of lessons about money and

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life in general that I wish someone had

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told me when I was younger so in this

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video I want to share these lessons with

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you so lesson number one is you want to

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start with the end goal in mind so you

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really should be asking yourself what

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kind of Life do you want to live if

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money wasn't an issue because I've met a

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lot of people who pursue high-paying

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careers like medicine or being a lawyer

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not because they're passionate about

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that feel but because it made a lot of

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money but when they actually become a

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doctor as an example they hate their

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life they're miserable because they're

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working 12-hour days they're drowning in

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depth and yes they do make money but

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they have no time to enjoy it and they

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can't even leave because they have this

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sun cost fallacy of oh I've already put

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in so many years so much money in a

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achieving this job I can't leave now you

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see this in entrepreneurship too people

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start businesses just because it makes

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money completely disregarding the

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lifestyle that the business will give

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you a great example of this in business

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is a social media marketing agency a lot

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of people teach this business model as a

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good way to make money online however

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what people don't realize is that even

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if you do make money from it you're

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going to be constantly dealing with

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clients complaining constant meetings

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constant sales calls and a whole bunch

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of headaches literally every single

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person I know who has some sort of MMA

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agencies they hate their lives they told

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me that they hate their life and they

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use the money that they make from their

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agencies to start a new business that

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allows them more freedom but why not

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just start with that business instead of

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going through the whole business that

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you don't even enjoy so that is why I

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say you should start with a goal in mind

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so what I mean by this is you should go

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after a career or a business that gets

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you the lifestyle that you want not just

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the money for example if you're goal is

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to have complete location Freedom being

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able to travel anywhere you want working

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from anywhere in the world then you

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probably don't want a physical location

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type of business like you know Pest

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Control mowing lawns or trash pickup or

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whatever business that requires you to

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be at that location this could be real

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estate investing too same as if you want

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time freedom and you know choose to work

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or not work anytime you want then you

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probably don't want a business that

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requires you to have a bunch of clients

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and do a lot of meetings because you're

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not going to have any time Freedom so

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for me my ideal lifestyle has always

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been complete Freedom so not just

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Financial Freedom but also location and

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time Freedom as well so that is exactly

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why I chose an online digital product

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based business because all you need is a

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laptop and a Wi-Fi you're not dealing

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with a physical location you don't need

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physical products and you're not even

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dealing with any clients right so

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everything is all operated online and I

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can literally travel anywhere in the

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world and work anywhere and even choose

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not to work if I don't feel like it even

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right now I'm filming this video from

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Bali Indonesia so I'm not saying that in

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the beginning if you're broke and you're

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trying to make money you can be pick in

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how you can make money because that's

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not the case right if you're broke you

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better be doing whatever you can

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whatever opportunity that comes to you

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uh for you to make money but the point

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is eventually you want to start aligning

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the lifestyle that you want to live with

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the business or a career that you're

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building so lesson number two is that

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everything is connected so I'm a firm

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believer that if one door closes another

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door will open and for every single path

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that you take as long as you're learning

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from it it'll help you with the next

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PATH so as an example when I was 18

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years old I was recruited into a

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multi-level marketing company uh

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multi-level marketing sucked I struggled

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for four years barely made any money and

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I think it's not a good business model

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but the point is while I was in that

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business I was told to read this book

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called Rich Dad Poor Dad inside the book

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it talked about how sales is a great

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career because unlike other jobs or

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other career where you have to wait

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years just to get a couple cents or a

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couple dollars raise uh you can make a

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lot more money just by selling a lot

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more so sales is a more

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performance-based career so that's

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exactly what I started doing so reading

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that book led me to try out a bunch of

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sales jobs and one of the sales job that

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I took was a door-to-door sales job and

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this absolutely sucked as well right I

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barely made any money working 6 days a

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week 12-hour days however in my resume I

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was able to put a worked in door to-door

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sales now a year later I was recruited

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into another sales job but this time it

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had a really good base pay plus a high

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commission that I was able to make

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around $50,000 a year which was a great

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salary for me at age 21 uh but the

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reason why they recruited me even though

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all my co-workers were age in their 40s

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50s sometimes even 30s you know they

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were much older than me and I was like

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the only kid there at age 20 21 the

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reason why they decided to hire me is

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because they saw in my resume that I

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worked a door to-door job and the

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recruiter basically said that if you can

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sell door too you can sell anything and

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that is why I got this job now working

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this job allowed me to save a decent

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chunk of money that I was able to invest

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in into starting a new business which

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became a success and eventually I was

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able to grow that business to earn over

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seven figures and I started teaching

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that on YouTube and now I made more

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money from it so everything is literally

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connected and that's what I mean so you

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may feel like what you're doing right

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now is a waste of time but try and focus

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on what you're learning from The

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Experience what skills you can acquire

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so as long as you focus on improving

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your skills it'll lead to more

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opportunities lesson number three is

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instead of wishing for things to be

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easier just be better so when I was

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between 18 to 20 years old I used to

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listen to a lot of Jim ran Jim ran was

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this OG personal development Guru that

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you know had a lot of seminars on

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YouTube and a lot of the gurus nowadays

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that you hear like Tony Robbins I

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believe they all learn from Jim rone and

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he often said that you get paid

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according to how valuable you are to the

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marketplace so if you work at McDonald's

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flipping burgers you get paid very

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little because that is a skill that

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literally everyone with an arm can do

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but if you're a heart surgeon you get

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paid a lot more because that is

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something the very few people in the

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world world can do so how much you get

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paid is based on how valuable your skill

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sets are to the marketplace so when

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people complain that oh you know that

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person makes more money than me it's not

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fair well nine times out of 10 it's

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because they can do something that you

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cannot and that is the same as business

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if you're just doing something that

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literally everyone else is doing then

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you're not going to make a lot of money

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so instead of wishing things were easier

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just be better learn as much as you can

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improve your skill set as much as you

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can become as valuable as you can to the

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marketplace and the money will follow

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you will get paid more so that's exactly

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what I've done since I was 18 I grew up

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in Japan English is my second language I

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was absolutely horrible I communicating

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as someone who had extreme social

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anxiety all my life I barely spoke I had

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horrible social skills and once again

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horrible communication skills barely

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spoke English despite that I started

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working sales jobs I did door to-door

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sales literally working 6 days a week

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9:00 a.m. to 9:00 p.m. once again I read

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as many books as I can on communication

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skills sales when I was doing door too

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sales I literally made about $112,000 in

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the whole year which I was able to get

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away with it because I was still living

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with my parents but the whole time I was

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doing this I kept reminding myself that

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I'm here to improve I'm here to work on

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my skills not to make money I didn't try

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to focus on money because the money was

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terrible I just try to focus on am I

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getting better am I getting better at

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talking am I getting better at selling

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and I just focused on improving my

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skills because I knew that one day if I

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get good enough the money will follow

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I'll get paid according to my worth so

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so learn as much as you can read the

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books watch the videos take courses you

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know listen to podcast whatever you want

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to do just focus on improving your

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skills lesson number four is Implement

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as fast as possible so now that you

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understand the importance of learning

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here's another trap that you might

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encounter and that is that you learn and

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you learn and you learn but you never

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take action so when I was younger and

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trying to start my business I read all

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the books I bought a bunch of courses I

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watched all the videos and every single

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time I do so I get this little high in

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my brain thinking that I'm progressing

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I'm feeling good because I've learned

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something today and I must be

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progressing right because I'm spending

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literally hours learning well guess what

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despite the hours of learning every

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single day I wasn't making any more

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money why is that because I never took

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action I was so scared of taking action

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I was so scared of implementing because

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I kept thinking that what if I fail

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right and that fear paralyzed me so I

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kept going back to reading more books

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taking more courses watching more videos

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because that was comfortable you didn't

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have to risk anything you know I'm just

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here learning I feel good because I

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think I'm learning and progressing uh

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even though I'm not making any money and

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I just kept going back to that because I

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feared taking action and most people do

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the exact same thing they consume

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content all day long and they get this

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false dopamin hit that you know they

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think they're progressing once again

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because they're learning but here's a

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reality check for you if you don't take

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action you will never make money no

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matter how much videos you watch no

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matter how many books you read no matter

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how much courses you take you will never

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make money you're literally just wasting

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time you have to implement as you go so

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whenever you read a book you learn

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something you go and test it out you

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take a course you learn something you go

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and test it right so you have to always

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Implement yes I get that in the

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beginning you got to learn but you have

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to switch to taking action as fast as

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possible so that is the core issue here

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is that people don't take action because

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they fear failure and they fear failure

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because they view it as a bad thing but

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what you got to understand is that every

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single successful person will tell you

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that failure is a good thing because it

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is a learning experience you will learn

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what works and what doesn't and you can

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use that information to move towards

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success faster So the faster you fail

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the faster you will get the success

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because success is past a failure it's

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not on the other side a lot of people

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think success is on this side failure is

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on this side and if you fail you get

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closer to failure and if you succeed you

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get closer to success that is not the

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case success is past the failure and

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you're here so you you have to fail

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first to get the success so what does

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that mean you want to fail as fast as

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possible because that is how you succeed

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as fast as possible so you should be

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happy if you fail because once again

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success is past the failure so you have

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to rewire your thought patterns right

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view failure is a good thing because

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once you do you won't be afraid of

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taking action all right lesson number

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five is consistency beats everything

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else so over the years I've seen

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countless people succeed and countless

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people fail in this business and if

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there's one thing one trait that I can

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pinpoint that that is the successful

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people are way more consistent than

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unsuccessful people they show up every

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single day so the people who are not

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successful is like this they love

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talking about how they're going to make

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money they love telling you their ideas

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on how they're going to make money they

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love masterminding and networking and

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discussing ideas but they never take

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action it's literally just talk you know

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they love talking about it they love

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talking about how they're going to do

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this what they're going to do but they

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never take action even if they do they

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usually quit after a month or two if

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they don't see the results they get

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discouraged very very fast they seek

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instant gratification they think that

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results got to come within the first

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month or it's a failure and once again

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they don't take action because they fear

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failure because they see it as a bad

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thing the successful people are way more

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consistent they just show up every day

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and put in the work they're okay with

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waiting for the results to come much

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longer you know usually in businesses

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you have to go all in for at least one

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year to see any kind of result result s

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right so they understand that they have

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a longer delayed gratification period

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and they can just stick to showing up

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every single day taking action without

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seeing results for a much longer time

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lesson number six people dumber than you

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are making millions so as I became more

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successful my circle grew and I started

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meeting a lot of other Millionaires and

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multi-millionaires as well so I know a

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lot of those people a lot of successful

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people as well as I started meeting

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people who I literally used to look up

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up to you know people who I used to

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watch on YouTube I started meeting them

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in person so I can tell you from

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experience that they're not Geniuses

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they're not business gods and they're

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not even smarter than you okay they're

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just normal people just like you and me

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in fact I've met a lot of pretty dumb

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people still making millions why is that

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well it's because they believe that they

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can do it and they took action they

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never feared failure so I'm not trying

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to talk crap of anyone in particular

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right but just to make a point here a

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lot of them wants again are not that

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smart but because they lack the

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self-awareness to know that they're not

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even smart they think they're smart and

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because they think they're smart they

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take action because they believe that

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they can make it happen and they end up

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succeeding because if you take enough

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action you will be successful funny how

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that works right so it all comes down to

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belief and that is why I say that you

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have to believe that you can and you can

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you know I believe in you and I know

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that you can make it happen and that's

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another thing is you want to stop

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idolizing people right don't think that

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other people who are more successful is

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somehow different somehow they're

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smarter than you and that you cannot do

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the same thing that they're doing right

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you can they're not any different and

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I'm not any different as well lesson

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number seven is don't associate failures

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or successes with self-worth a lot of

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people think that just because they make

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less money or less successful than

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somebody else they are somehow less as a

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person and I've seen the opposite to be

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true as well a lot of people think that

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they're better than someone just because

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they're more financially successful so

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money is important but you got to

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understand that is just one aspect of

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life I'm not saying money is not

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important you know that is a lie money

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is very very important and you should

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definitely pursue it but that's not the

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only thing in life just because you

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failed financially so far doesn't mean

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that you're any less than everybody else

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just because you are financially

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successful doesn't mean that you're

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better than everybody else I've always

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believed since I was small that everyone

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is equal right I'm not better than

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anyone but I'm not less than anyone so

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everyone the same everyone's equal and

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this kind of goes back to not putting

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other people on a pedestal as well so I

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can tell you from meeting a lot of these

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successful people that you know a lot of

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these gurus that you might be looking up

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to you know their marriage might be

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crumbling they might be in horrible

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health or they're generally unhappy I'm

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not saying every single one of them are

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like that but there are quite a bit of

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people like that so financial success

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and success in life is not the same you

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should be striving for financial success

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but also in health relationships and in

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your mental health too the lesson eight

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is to take risks again a lot of people

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fear taking action because they put so

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much importance on money they're so

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scared of losing it that they never take

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any risks and for a very long time I was

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the same too you know I was so scared of

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spending a couple thousand dollars on a

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course or you know in coaching that I

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try to figure everything out on my own

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for free and because of this my progress

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in business was significantly slower

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than somebody else you know my peers who

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weren't afraid of spending spending

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money to get that higher education uh to

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buy that course or mentorship to learn a

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skill that can propel them higher in

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their business right so I've seen a lot

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of people who took much higher risk and

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grew their business significantly to the

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point where they make up all the money

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that you know they invested and so much

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more and I'm over here stuck in my

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business not making much because I was

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so scared of losing my money that I

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didn't take any risks so I struggle with

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this for a long time maybe because I'm

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half asian you know I grew up in Japan

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so have this Asian conservative mindset

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I don't know but the moment I let go of

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this you know let go of this attachment

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to money and I started taking more risks

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and I started investing more money into

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coaching mentorship and also just into

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my business and trying out new things my

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business just exploded so it's funny how

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that works right you know the moment you

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let go of the attachment to the money I

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made a lot more especially if you're

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watching this and you're in your 20s uh

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you literally have so much time like you

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could fail for 10 years straight and you

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could still be young as hell right you

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know in your 30s even if you're in your

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40s that's still young as hell and

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there's no way that if you take

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consistent action and take some risks in

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your business for 10 years straight

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there's no way you're not going to

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succeed lesson number nine is you don't

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get to have options if you're broke I

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see so many people who are broke who are

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complaining about not having enough

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money and yet when I tell them how to

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make money they're like I don't want to

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do this I don't want to do that I don't

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like selling and I'm not passionate

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about this it's like one of those people

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who complain about you know not being

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able to find any job when there's like

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literally a 100 jobs that they can

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immediately get but it's just that you

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know they're overqualified or they're

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not passionate about it or whatever

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stupid reason and that's why they don't

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want to take that job so look guys you

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cannot be complaining about being broke

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but reject every single offer of making

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money the harsh reality is you don't get

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to choose how you make money if you're

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broke that's the privilege of wealthy

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people if you're wealthy sure go ahead

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and be more picky about how you want to

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make money you know you have the right

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because you're already there but if

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you're broke you're complaining about

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not having money you better be taking

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every single chance that you get to make

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money or you have no right to complain

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when I was broke around 20 years old I

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rented a tiny apartment in Hawaii with

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six roommates to share the living room

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kitchen bathroom those kind of places I

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rode around my $50 bicycle or took the

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city bus to get to work and back I

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literally never ate out ate the same

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thing every single day and I worked

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every single day for years with zero

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social life while every everybody else

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was throwing parties on their 21st

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birthday my 21st birthday consisted of

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me waking up at 6:00 a.m. taking the

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city bus to my dentist which took two

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hours one way because my dentist was far

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as hell for whatever reason and then I

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came back I started work and then I

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finished work at 9:30 came back and I

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slept that was my 21st birthday I worked

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every single day I worked on every

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holiday I worked on Christmas I worked

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on my birthday never celebrated anything

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never went back to see my family even

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though they were like an hour flight

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away and I did that for years yes that

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period sucks but I was broke and when

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you're broke you don't get to choose you

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don't have options you got to do what

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you got to do but now that I have a lot

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more money you know I get to have a lot

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more options now I get to choose what I

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want to do every single day and I'm

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still in my 20s thanks to that period

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the years that I spent working towards

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you know achieving this so those were

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the biggest lessons and takeaways that

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I've learned over the years if you like

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these videos and you want more then let

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me know in the comments let me know what

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was your biggest takeaway in this video

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and let me know if you agree with what I

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said as well now if you want to work

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with me and my team directly and have us

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help you build a profitable Amazon

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business which is the exact business

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that completely transformed my life that

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took me from broke to making over a

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million dollars from this exact business

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then the link is below this video and

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with that being said thanks for watching

play18:49

I'll see you guys in the next video

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