i became a millionaire at 24. here's 11 lessons for anyone in their 20s.

Summary

This inspiring video script narrates the journey of a 24-year-old millionaire who emphasizes the importance of taking responsibility for one's life and embracing a growth mindset. The speaker shares personal experiences and lessons from stoicism, highlighting the power of changing one's perception and the value of patience in achieving success. The script also discusses the significance of choosing the right business venture, the importance of skills and knowledge, and the need to find joy in the process of pursuing goals. It concludes with a reminder to trust one's intuition and appreciate life's simple pleasures as the key to true fulfillment.

Takeaways

• 💡 Accept Responsibility: The speaker emphasizes that where you are in life is 100% your fault and accepting this is the first step to making positive changes.
• 🌟 Change Perception: Altering your perception of your situation can lead to progress, both mentally and financially.
• 📚 Learn from Stoicism: The book 'The Obstacle is the Way' introduced the speaker to stoicism, teaching acceptance of all events without labeling them as good or bad.
• 🛠 Take Action Daily: No matter how dire the situation, doing a little bit of work every day can help you overcome it.
• 🚀 Design Your Life: Recognize that you have control over your life and thoughts, and you can design the life you want.
• 💼 Success Takes Time: Success often takes longer than expected, and patience is a crucial skill in the journey to wealth.
• 💼 Value of Hard Work: Hard work is important, but it's not the only factor in success; choosing the right vehicle for your work is equally important.
• 💼 Choose the Right Vehicle: The speaker made their first million by selling other people's viral products, showing the power of choosing a scalable and proven business model.
• 💼 Develop Valuable Skills: Focus on acquiring skills that provide value to the world, as this is how you get paid.
• 💼 Knowledge and Skills are Power: The only things that can't be taken away are the knowledge and skills you possess.
• 💖 Find Enjoyment in the Process: Appreciate the journey and the small joys in life, as money and success are not the only sources of happiness.
• 🧘‍♂️ Trust Your Intuition: Cultivate and trust your intuition as it is a source of divine wisdom and can guide you to your highest purpose.

Q & A

What is the main message the speaker wants to convey about personal responsibility and success?

The speaker emphasizes that where one is in life is 100% their own fault, and accepting this can lead to positive change. They advocate for taking accountability for one's current situation as the first step towards success.

How did the speaker's mindset change after reading 'The Obstacle is the Way' by Ryan Holiday?

The book introduced the speaker to stoicism, which taught them to accept everything that happens without labeling it as good or bad. This shift in perception allowed the speaker to feel more in control of their life and to start making progress.

What is the significance of the speaker's first million-dollar month in their business journey?

The speaker's first million-dollar month was significant because it was the result of working on the right vehicle (YouTube, investment portfolio, and selling a software company), demonstrating the power of choosing the right path and the importance of patience and hard work.

Why does the speaker suggest that patience is a more important skill than hard work for success?

The speaker argues that patience is more important because hard work alone does not guarantee success. They point out that some of the hardest working people are underpaid, whereas patience allows one to wait for the right opportunities and to work smart.

What is the speaker's opinion on the importance of choosing the right vehicle for work?

The speaker believes that choosing the right vehicle for work is crucial for success. They suggest picking something that one enjoys, that has a high ceiling for growth, can scale, and is currently working for others.

Why did the speaker feel it was a mistake to avoid getting a job while trying to become an entrepreneur?

The speaker regrets not getting a job because it would have provided necessary startup capital and valuable skills. They believe that having a job can help build skills and save money, which are both important for starting a successful business.

What is the speaker's advice for those who are just starting their entrepreneurial journey?

The speaker advises beginners to follow a path that has already been proven to work by others, rather than trying to pioneer something new. They suggest starting an online store selling products that are already popular as a way to make the first million.

How does the speaker define the relationship between providing value and earning money?

The speaker defines it as a direct proportion: the more value one provides to the world, the more money one can earn. They argue that money is earned by solving problems and making the world a better place.

What is the speaker's view on the importance of enjoying the process of working towards one's goals?

The speaker believes that enjoying the process is essential and that external achievements like money are fleeting. They suggest finding enjoyment in the journey and appreciating the simple things in life.

What advice does the speaker give regarding taking advice from others?

The speaker advises to be cautious about taking too much advice from others, as the best insights come from one's own intuition. They encourage cultivating and trusting one's inner wisdom.

How does the speaker describe the importance of knowledge and skills in the face of an uncertain future?

The speaker describes knowledge and skills as the ultimate power, stating that they are the only things that cannot be taken away. They suggest focusing on self-education and skill development as a way to prepare for any future scenario.