5 Money Principles that will make anyone RICH in their 20s
Summary
TLDRThe speaker shares five key lessons for becoming a millionaire in your 20s. The first lesson is to diversify your money-making methods, as there are many simple ways to earn. Second, personal development is crucial, as business problems often stem from personal issues. Third, investing should be approached wisely, focusing on self-improvement over risky ventures. Fourth, it's essential to break free from distractions and bad habits. Lastly, make a heartfelt promise to someone you love, which will motivate you to achieve your goals. The speaker emphasizes the importance of personal growth and strategic action over mere investment to achieve financial success at a young age.
Takeaways
- 💼 Diversify Money-Making Methods: The speaker emphasizes the importance of trying different ways to make money, as there isn't just one path to becoming a millionaire.
- 🔍 Identify Simple and Effective Methods: Among many ways to make money, find those that are simple yet effective, rather than unnecessarily difficult.
- 🔄 Be Open to Change: Recognize that not every money-making method will work for everyone, and it's crucial to adapt and find what works best for you.
- 💰 Start Small, Dream Big: Before making a million, start by making smaller milestones like $1,000, then $10,000, and so on, building up to larger goals.
- 📈 Digital Launchpad Opportunity: The speaker introduces Digital Launchpad as a tool to help anyone make their first $1,000 online, with a low-cost entry point.
- 🔑 Personal Problems Affect Business: Often, business struggles are a reflection of personal issues, and addressing these can lead to business success.
- 🤔 Self-Reflection and Responsibility: Taking full responsibility for one's actions and reflecting on personal habits can lead to breakthroughs in business.
- 💡 Prioritize Skill Development: Investing in yourself and acquiring new skills is more beneficial than investing in financial markets when starting with a small amount of capital.
- 🚫 Let Go of Distractions: To achieve success, it's necessary to eliminate anything that doesn't serve your goals, such as bad habits or unproductive activities.
- 🗣️ Make a Promise: Making a significant promise to someone you love can be a powerful motivator to achieve your financial and personal goals.
- 🔄 Continuous Improvement: The speaker's story illustrates the importance of continuous self-improvement and the willingness to change personal habits for business success.
Q & A
What is the main message of the video script about becoming a millionaire in your 20s?
-The main message is that becoming a millionaire in your 20s is not just about accumulating wealth, but also about personal growth and development. It emphasizes the importance of trying different ways to make money, recognizing personal problems that may manifest in business, investing in oneself, letting go of things that hold you back, and making a significant promise to someone you love.
Why did the speaker make their first million dollars at the age of 18?
-The speaker implies that their success at such a young age was due to their realization that there are many ways to make money and their willingness to try different methods, as well as their personal development and learning.
What is one of the biggest mistakes people make when trying to make money, according to the speaker?
-One of the biggest mistakes is trying to force a single money-making method and not being open to trying different approaches that may work better for the individual.
What does the speaker suggest as an initial step towards making money online?
-The speaker suggests earning the first $1,000 online as an initial step, which can be achieved through various methods and is the foundation for building up to larger sums.
What is the Digital Launchpad and how much does it cost?
-Digital Launchpad is a system designed to help anyone make their first $1,000 online. It offers three different pathways taught by experts and four bonus programs. The cost is $37 a month or $74 cents per day with a yearly plan that includes a 40% discount.
How does the speaker define 'personal problems manifesting in business'?
-The speaker defines it as issues within oneself, such as lack of understanding of the market or ineffective offers, that are reflected in one's business performance rather than external factors like the business model or niche.
What personal changes did the speaker make to improve their business performance?
-The speaker made several changes, including not checking their phone for the first 4 to 5 hours of the day, working out in the morning, and creating systems to maintain focus and health, which they found directly correlated with business success.
Why does the speaker advise against relying solely on investing to become rich?
-The speaker advises against it because when starting with a small amount of money, the potential returns from investing are not significant enough to make a substantial difference. They also highlight the importance of knowing how to earn money back if lost through investment.
What is the speaker's stance on investing in oneself?
-The speaker strongly advocates for investing in oneself by acquiring skills and knowledge that can increase one's value in the marketplace and lead to higher earnings.
What is the significance of making a promise to someone you love, as mentioned in the script?
-Making a promise to someone you love is significant because it creates a deep sense of responsibility and motivation to achieve one's goals, serving as a powerful driving force for success.
What does the speaker suggest as the first step to breaking shackles and letting go of things that hold you back?
-The speaker suggests a thought experiment where one imagines getting rid of everything not serving them, and then taking action by deleting apps, selling consoles, cutting off bad influences, and discarding unhealthy habits.
Outlines
💼 Embracing Diverse Money-Making Methods
The speaker emphasizes the importance of not being afraid to explore various ways to generate income. They share their personal experience of making their first million at 18 and stress that while there are numerous ways to make a million dollars, most are unnecessarily complex. The speaker encourages trying different methods and acquiring various skills to find what works best for the individual. They introduce 'Digital Launchpad,' a platform offering multiple pathways to make the first $1,000 online, taught by experts, and highlight its affordability and the potential for personal growth and financial success.
🔍 Identifying Personal Problems as Business Barriers
This paragraph delves into the concept that business issues are often personal problems in disguise. The speaker illustrates this by sharing their own journey, where they initially blamed external factors for their business struggles. After a self-realization, they took full responsibility for their actions and saw significant improvements in their business performance. The advice is to identify and address personal habits and beliefs that may be hindering business growth, focusing on self-improvement to achieve financial success.
💸 Investing in Self-Growth Over Financial Investments
The speaker refutes the idea that one can invest their way to riches, especially when starting with a small amount of capital. They argue that the best investment one can make is in oneself, by acquiring skills and knowledge that increase earning potential. The speaker shares their regret of not investing in personal development earlier and suggests that even a modest investment in learning can yield significant returns over time. They caution against the risks of investing in volatile markets without the ability to earn back the money and emphasize the importance of self-education and skill development.
🔗 Letting Go of Distractions and Committing to Success
In this paragraph, the speaker discusses the importance of eliminating distractions and anything that does not contribute to one's success. They suggest a thought experiment where one imagines a life devoid of hindrances, leading to a more focused and successful existence. The speaker encourages taking decisive action to remove unproductive habits, friendships, and activities, and to make a clean break from anything that holds one back from achieving their goals.
🏠 The Power of Making a Promise to a Loved One
The final lesson shared by the speaker is about the power of commitment through making a promise to someone you love. Drawing from their personal experience, the speaker recounts promising their mother a dream house and a Range Rover, which they fulfilled years later. This promise, they explain, was not just to their mother but also to themselves, serving as a driving force for success. The speaker suggests that making such a promise can provide the motivation and determination needed to achieve significant life goals.
Mindmap
Keywords
💡Millionaire
💡Different ways to make money
💡Digital Launchpad
💡Personal problems
💡Investing
💡Self-investment
💡Breaking shackles
💡Promise
💡Inner state
💡Risk to reward
Highlights
Becoming a millionaire in your 20s can unlock a level of life you didn't know existed.
There are a million ways to make a million dollars, but most are unnecessarily difficult.
It's important to try making money in different ways and find what works best for you.
Before making your first million, you need to earn your first $100,000, then work your way down to $1,000.
Digital Launchpad offers a system to help anyone make their first $1,000 online for as low as $37 a month.
Your business problems are often personal problems manifesting in your business.
Taking full responsibility for everything in your life can lead to significant progress in your business.
Investing in yourself and improving your skills is more valuable than trying to invest your way to riches.
You should never invest more than you're willing to lose, especially when starting out.
Investing a fraction of your money into improving your skills can have limitless returns.
Breaking the shackles and letting go of everything that's holding you back is crucial for success.
Making a promise to someone you love can be a powerful motivator to achieve your goals.
The promise to someone you love should also be a promise to yourself to achieve what you set out to do.
Letting go of distractions like TikTok, video games, and bad influences can propel you to the next level.
Creating systems to ensure you're always on top of your game is essential for business success.
There's no such thing as wasted money when you're investing in yourself and self-education.
Transcripts
so you want to become a millionaire in
your 20s well these are the five lessons
that when implemented will not only put
you on the path towards becoming a
millionaire but also allow you to level
up as a person you see it's one thing to
become rich later in life but becoming
rich in your teens and even 20s will
unlock a level to life that you didn't
even know existed and that's not simply
because of the money but because of the
person you need to become to earn that
money I mean take it from me I made my
first million dollar in profit at the
age of 18 and honestly the biggest
lesson I've learned in the last few
years is that there are truly a million
ways to make a million dollar and that
is why the first lesson is don't be
afraid to try making money in different
ways now I told you that there are a
million ways to make a million dollars
and that is true but it's not the whole
truth you see about 9
999,000 of those are unnecessarily
difficult maybe even more than that yet
there are more than enough ways to make
money that although may not be easy are
very very very simple now I've made
millions of dollars through half a dozen
ways and having been in the space for 10
years now I've seen so many different
things work for different people one of
the biggest mistakes people make is
trying to force their way with one
money-making method and that's not to
say that you don't need consistency in
and tenacity when it comes to making
money but you sometimes also need to
realize that not every method will work
for every person and sometimes it's
better to Simply figure out what works
best for you rather than keep hitting
your head against the wall trying to do
a method that maybe works for someone
else and that's why I keep saying don't
be afraid to make money in many
different ways try different things
acquire different skills and eventually
put many different skills together why
do you think I keep telling you just to
put one foot forward in front of the
other it's because at your stage you
need to always be doing and always be
learning and before being able to earn
your first million do you need to earn
your first $100,000 and before your
first $100,000 you need to earn your
first $110,000 and earning your first
$10,000 all starts with earning your
first $1,000 online and if you thought
there were many ways to make a million
there are even more ways to make a
thousand and that's why I've distilled
it to its Most B basic element so much
so that I've set out to prove that
anyone can make their $1,000 online with
this system and to prove exactly that
I've launched digital Launchpad for just
$37 a month or 74 cents per day if you
go for the yearly plan and get a 40%
discount you will get access to
everything you need to make your first
,000 you're immediately going to have
three different Pathways taught by three
different experts and you're also going
to unlock in an extra four bonus
programs and additionally for the rest
of this year we are launching one
additional program every single month
that's going to teach you either how to
make money online Network better train
better dress better invest better as I
said for only 74 cents a day if you go
for the yearly plan this is the best way
to make money online Bar None So for the
price of lunch every single month you
can get access to the most fail prooof
protocol when it comes to making money
online and when I say anyone can make
money with this I mean anyone because
that's exactly what 20,000 students who
have joined this year have proved so now
that you've learned the first lesson
which is there are a million ways to
make a million dollars the next lesson
you need to internalize if you want to
become a millionaire in your 20s is that
you don't actually have business
problems you have personal problems
manifesting in your business and let me
explain what I mean you see a lot of the
times especially earlier on in your
career people struggle to get to the
next level and when they struggle they
look for reasons except there aren't
really any reasons they're just
scapegoats oh the business model doesn't
scale oh my Niche doesn't work oh there
just aren't any good products whatever
they say the problem is it usually isn't
instead the problem is much more Dee
rooted because the problem is with
themselves and I know what that's like
because I had this in the beginning you
know it's funny when I was first gang
started in business I thought that my
young age had something to do with the
fact that I was struggling and then I
had to have a very sober conversation
with myself and realized that it wasn't
my age that was just an excuse I was
making it was the fact that I did not
understand my market well enough I did
not understand how to put together a
good offer so whether that be a good
service or a good product at the time I
had a service based business and it's so
funny cuz one day I woke up and I
decided I am going to take full
responsibility for everything that's
happening in my life and when that
happened 90 days later I was making
$115,000 a month profit at the age of 17
it's very funny how that works isn't it
because 90 days prior I thought it was
all my age but 90 days later it seemed
like it was no problem at all it's not
like all of a sudden I grew that much
you know my face aged nothing no it was
all in my head it was simply a personal
problem or a personal belief or a
personal worldview that was manifesting
in the business and that's why I knew I
had to change my own ways in order to
progress in my business and that was
just one example there was many other
examples I knew I had to change my own
ways in order to progress in my business
and so I'll give you a few more examples
to illustrate this point for 1 I knew I
wouldn't be able to focus as well if my
phone was on the desk next to me so
that's why from the age of 17 until 21 I
did not check my phone for the first 4
to 5 hours a day and in order to make
sure I didn't slip up I would actually
put my phone in a vault I had in my
house and then I would have a second
burner phone that only had Essentials
like Audible and Spotify or Uber on
there and in the same way I knew that I
focused better and felt better if I
worked out first thing in the morning in
fact my health had such a profound
impact on my business that there was a
direct correlation between the months I
was on top of my fitness and diet and
the months that I made the most money so
obvious but sometimes you don't see it
in the moment and that's why I had to
create systems that made sure I was
always on top of my game because if I
didn't that my non-b business habits
would begin to affect my business so the
lesson to be drawn from this is simply
to evaluate your life once you've
evaluated your life be honest with
yourself identify all the bad habits
identify all the things that hold you
back and this is especially important in
the beginning of your career because as
I said making money at that stage is
just as much about the things you
actively do as it is about the things
that you don't do so that means that you
need to make sure that your inner state
is allowing you to succeed so make sure
that your personal problems don't
manifest in your business now the next
lesson you need to internalize is that
you won't invest your way to riches now
I know that when I say that all of the
finance gurus will come after me but
here's the deal I am not saying you
shouldn't invest you absolutely should I
started investing from a young age and
I'm very happy I built those habits my
only regrets is that I didn't start
investing sooner but when you only have
a few th000 to your name investing won't
do anything for you I mean let's just
simply break down the math even if you
invest $3,000 into the market you might
make what $200 to $300 back back and
when it comes to investing it's all
about risk to reward that means that you
need to analyze your potential upside
how much money you can make versus what
it actually costs you to lose that and
when you're looking at cost you need to
think in terms of how it will impact
your life so consider this you should
never invest more than you're willing to
lose and that means you cannot get
blindsided by the upside now some of you
might be thinking but if I invest into
this altcoin I can 2x 4X maybe even 20x
my money cuz bear in mind each time
someone has that 20x increase in their
portfolio someone else had to hold those
losses for every winner that there is in
investing there is a loser so beyond the
fact that the odds are extremely low let
me explain something else to you when
you're not actively making money your
risk of losing that 1,000 or $5,000 or
$3,000 whatever it is you want to invest
is extremely high why well because you
don't know how to earn it back so why
would you invest the only money you have
if you don't know how to actually make
money if you lost it you wouldn't even
know how to make it back instead let's
look at the alternative if you invest
just a fraction of that $5,000 into
improving your skills there's literally
no limit as to how much you can earn
this is why you need to invest in
yourself you need to invest in skills
that can produce more money whether that
means going to business seminars public
speaking events or spending $11,000
learning how to code whatever it is
anything that can make you more valuable
in the marketplace will generate you
more money and those are the skills that
are going to propel you to riches not
investing you simply will not get lucky
enough to turn $1,000 into a million
dollar by investing it won't happen and
honestly even if by some miracle it did
happen you wouldn't be able to neither
keep that million because you never
earned it nor multiply it because you
wouldn't be the type of person that is
worthy of that money and you would just
self-sabotage and that's the next reason
why you can never invest your way into
riches being rich is only half about the
money the latter half of it and the
important half is about being the person
to be able to earn it so once you're
making consistent money online by all
means toss it into the S&P 500 maybe
even invest it into some alternative
assets maybe watches maybe even go buy
some cars restore it whatever you're
into but for now just focus on what it
actually takes to earn money realize
that your best investment will always be
yourself and your skills and listen
whether it's a digital Launchpad and you
decide to spend 74 cents a day not even
a dollar a day for the best online
education out there taught by the best
mentors so let's say you don't want to
risk it and try it for a year let's say
you just want to commit to one month $37
the same amount of money you spend when
you go to the cinema for 2 hours to
watch some random whether you
decide to go for the 40% discounted
yearly digital Launchpad plan or the
monthly whether you decide to get one of
those or you spend $2,000 learning from
a successful real estate agent just
shadowing him and telling them hey teach
me all the tricks of the trade how do I
make $100,000 a year as a real estate
agent when you are first starting off
and you're trying to become a
millionaire trying to become the person
that can become a millionaire there's no
such thing as wasted money when you are
investing in yourself cuz let's say you
work with that coach for $22,000 and you
even learn one thing that one thing may
not make you much money today but in 9
months 18 months 25 months whatever it
is that one thing you learn will make
you so much more money than you spend on
the investment into self-education
itself and as I said no altcoin is ever
going to give you that because when you
become the sort of person that can make
a million dollars every single year
consistently because you invested in
yourself to learn the skills in order to
do so no one can take that away from you
no Market change no bull run be run oh
crypto's pumping again so now all of a
sudden I'm not poor do you really want
to be that sort of person now Lesson
Four is one that people refuse to learn
over and over and funny enough I even
see it with some of my success friends
they simply refuse to let go of the
things they need to let go of for some
it's Tik Tok for some it's bad friends
for others it's bad diet we all have
those things and that's why Lesson Four
is you need to learn to break the
shackles you need to learn how to let go
of everything that's holding you back so
let's just do a simple thought
experiment what if tomorrow you got rid
of everything that's not serving you and
I mean absolutely everything so that
everything you did in your life was
designed with one goal in mind success
what would your life look like if you
live like that for just one month now
what if that month turned into a year
how much further along in your journey
would you be because I'm going to be
honest one year is all it takes to turn
your life around completely but it all
starts with breaking those shackles
today and that means delete Tik Tok off
your phone forever never download it
again unless you're making money with it
now don't just stop playing video games
sell your console go to some store go to
some pawn shop go somewhere and just
sell it even if it's cheap you won't
need it completely let go of it you know
those bad friends you have that keep
dragging you down cut them off once and
for all go to your kitchen right now and
just throw away all the unhealthy
all of it you don't need it whatever it
is that is holding you back let that
go make the decisions you know you
need to make once and for all and then
watch yourself propelled to the next
level burn all of those bad Bridges and
let them light your way now the final
lesson is one that I adopted very early
on but not because I wanted to but
because I needed to now those of you who
are familiar with my journey will know
that let's just say that I was forced to
be man at the house at a very young age
and in doing so I had to make a promise
and so when I was 14 years old I saw how
badly my mom and I were struggling and I
promised her that no matter what it took
I would buy her her dream house and a
Range Rover and then 9 years later I
bought her her dream house for $4
million in cash and there's a Range
Rover parked in front of it so lesson
five and the final lesson is to make a
promise to someone you love and this
doesn't have to be done out of
desperation like it was for me but it
needs to be someone you love so deeply
that you couldn't even conceive of
breaking the promise and that's what
gives the promise its meaning but this
isn't an ordinary promise though as much
as it's a promise to the person you tell
it to it's also a promise to yourself
it's a promise that you will achieve
everything you set out to do both for
the person that you love and for
yourself making that promise to yourself
often just isn't enough so make it to
the person you love and yourself Now
ladies and gentlemen those are the five
lessons that if you actually internalize
will set you on a path to becoming a
millionaire in your 20s the only thing
that stands between you and that
far-fetched goal now is a little bit of
work so get to it and as always I'll be
watching from afar and I'm rooting for
you
関連動画をさらに表示
Winter Arc - The Ultimate Self Improvement Challenge ( 90 Days )
7 Habits to Solve 99% of Your Problems! (As Adults)
The 13 BEST Side Hustles To Start (at EVERY AGE)
My Honest Advice For Those Who Feel Lost & Confused
Strategic Planning in Practice | Anne Johnson | TEDxWilmingtonUniversity
I'm 36. If you're in your 20's, watch this.
5.0 / 5 (0 votes)