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.

Outlines

00:00

💰 Taking Responsibility for Success and Change

The speaker reflects on becoming a millionaire at 24 and emphasizes that one's current situation is entirely their own responsibility. They discuss overcoming a victim mentality from childhood and the transformative impact of reading 'The Obstacle is the Way' by Ryan Holiday, which introduced them to stoicism. This philosophy taught them to accept life's events without labeling them as good or bad, leading to a sense of control over their life and thoughts. The speaker encourages embracing this mindset to design the life one desires and to understand that success is a result of one's actions and choices.

05:00

🚀 The Power of Patience and Choosing the Right Path

The speaker highlights the importance of patience as a key to success, using examples of successful individuals like Samuel L. Jackson and the founder of Walmart, who found wealth later in life. They argue that hard work alone is not sufficient for success and that choosing the right vehicle or project is crucial. The speaker shares their own experience of making over a million dollars in a month through various ventures, emphasizing the need to select something with a high ceiling for growth and that is currently working for others. They advise against trying to pioneer new industries and instead suggest building upon existing successful models.

10:02

🛠️ Building Skills and Capital for Entrepreneurial Success

The speaker advises against the fear of getting a job while aspiring to be an entrepreneur, explaining that having a job can provide necessary capital and skills for starting a business. They share their own experience of doing various side hustles instead of getting a job, which did not help them as much as they had hoped. The speaker stresses the importance of developing valuable skills and providing value to the world as the key to earning money. They encourage finding problems to solve and offering solutions that improve the world, which will naturally lead to financial gain.

🌟 Pursuing Passion and the Importance of Enjoying the Journey

The speaker discusses the importance of pursuing a path that is true to oneself and finding enjoyment in the process of achieving goals. They share personal anecdotes about their journey from being involved in the arts to becoming a successful entrepreneur, emphasizing the need to stay connected to one's interests. The speaker also touches on the fleeting nature of material success and the importance of appreciating life's simple pleasures. They conclude by advocating for listening to one's intuition and cultivating self-knowledge as the best guide for achieving one's highest purpose.

Keywords

💡Millionaire

A millionaire is an individual with a net worth of at least one million units of currency. In the video, the speaker reflects on becoming a millionaire at 24 and uses this status as a foundation to discuss personal development and financial success. The term is integral to the video's theme of self-empowerment and wealth creation.

💡Accountability

Accountability refers to the acceptance of responsibility or the obligation to report, explain, or justify actions. The speaker emphasizes the importance of taking accountability for one's current situation as a crucial step towards positive change, illustrating this with the assertion that 'where you are today is 100% your fault.'

💡Victim Mentality

A victim mentality is a mindset where an individual perceives themselves as a victim of circumstances beyond their control. The speaker discusses overcoming this mentality, which is central to the video's message of personal empowerment and taking control of one's life.

💡Stoicism

Stoicism is a school of Hellenistic philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions. The speaker credits the book 'The Obstacle is the Way' and stoicism with changing their life by teaching them to accept all events without labeling them as good or bad.

💡Perception

Perception is the process of interpreting and organizing sensory information to give meaning to one's environment. The video discusses how changing one's perception of their situation can lead to progress, both mentally and financially, as the speaker did after adopting stoicism.

💡Patience

Patience is the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset. The speaker argues that patience is a vital skill for success, especially in the context of the instant gratification culture, contrasting it with the hard work of underpaid laborers.

💡Value

Value, in the context of the video, refers to the worth or usefulness of something or someone. The speaker posits that earning money is directly related to the value one provides to the world, emphasizing that skills and knowledge are essential for creating value.

💡Intuition

Intuition is the ability to understand or know something immediately, without the need for conscious reasoning. The speaker encourages trusting one's intuition and suggests that it is a source of divine wisdom, as it is deeply connected to one's inner self and can guide towards success.

💡Gratitude

Gratitude is the quality of being thankful; readiness to show appreciation for and to return kindness. The video touches on the importance of appreciating life's simple pleasures and the basic goodness of life, as a means to achieve genuine happiness and fulfillment.

💡Success

Success is the accomplishment of an aim or purpose. Throughout the video, the speaker reflects on various aspects of success, including financial achievement, personal development, and the importance of aligning one's work with their interests and passions.

💡Pioneer

A pioneer is a person who is among those who first explore or settle a new country or area. The speaker advises against trying to be a pioneer in business, suggesting that following a proven path laid by others can be more effective and less risky for achieving success.

Highlights

At 24 years old, the speaker became a millionaire and emphasizes that one's current situation is entirely their own responsibility.

The importance of accepting one's current position in life to make positive changes is highlighted.

Growing up with a victim mentality and learning to change perception to see progress is discussed.

The transformative impact of the book 'The Obstacle is the Way' by Ryan Holiday on the speaker's life is shared.

An introduction to stoicism and its influence on accepting life's events without labeling them as good or bad.

The realization of having control over one's life and thoughts through stoic principles.

The speaker's wish for an early understanding of the importance of taking accountability for one's life.

Examples of successful entrepreneurs who became rich at different stages of life, emphasizing patience.

The fallacy of the belief that hard work alone leads to success, with examples of underpaid hard workers.

The speaker's personal experience of making over a million dollars with minimal daily work.

The power of choosing the right vehicle for work and the importance of selecting something with scalability.

The advice against starting a business with no savings and the value of having a job for financial stability.

The speaker's recommendation to focus on developing valuable skills in one's free time.

The concept that money is earned by providing value to the world and solving problems.

The importance of knowledge and skills as the ultimate power, as shared by a conversation with a wealthy individual.

The speaker's belief in the pursuit of knowledge and skills for self-education and personal growth.

The advice to choose a path that is true to oneself and to maintain genuine interest in one's work.

The importance of finding enjoyment in the process of working towards goals.

The speaker's reflection on the fleeting nature of material success and the need to appreciate life's simple pleasures.

The final advice to stop taking too much advice from others and to trust one's own intuition.

Transcripts

at 24 years old I became a millionaire

and over these last few years I learned

a

lot first you are exactly where you

belong and it's all your fault seriously

where you are today is 100% your fault

and the sooner you can accept this the

sooner you'll be able to break free and

make a positive change in your life

growing up as a kid I always had a

victim mentality I felt like life was

happening to me and I had no control

over anything I grew up broke I was

super short so I wasn't good at sports

and I never excelled in anything I felt

like I was dealt a bad hand in life and

maybe you feel the exact same way but

guess what you're exactly where you are

today and you can't change about it but

what you can change is your perception

of your situation and once I changed

this I finally started to see progress

in my life not only mentally but

financially as well when I was 17 I read

a book called The obstacle is the way by

Ryan holiday and this book changed my

life forever in this book I learned

about stoicism which is a way of living

in which you simply learn to accept

everything that happens to you you stop

labeling things as good or bad and just

accept them as they are it taught me

that no matter how bad my situation is

so long as I did a little bit of work

every day I could get out of it and from

understanding this I started to feel

like I had control over my life control

over my thoughts and I realized I could

design the life that I

[Music]

want this is the first lesson I wish

someone taught me as a kid because I

spent way too many years just drifting

through life feeling like everything was

out of my control This Is A Lie

sh and the first step to breaking out of

this flawed State of Mind is simply

taking accountability for where you're

at today realizing that you're exactly

where you belong and no matter how bad

it is you can get out the position

you're in today is simply the sum total

of all the actions you've taken over the

course of your life and to become

successful the same is true it's just

going to take twice as long as you

think 3 2 1 I just wish someone would

have told me this 10 years ago when I

first started my journey so I wouldn't

have been so hard on myself and actually

enjoyed the process a little bit more

like I genuinely used to get so upset

when I would see all these young

successful kids because I wasn't a

teenage millionaire just like them and I

think nowadays this is becoming more of

an issue than ever before and it's a

real problem let's talk about some of my

favorite successful entrepreneurs and

when they got

rich this is one of my favorite actors

of all time Samuel L Jackson and he

didn't become a millionaire until he was

43 years old bro was acting in Hollywood

for 20 years with no success until one

day he finally hit big with a movie

called jungle fever and this movie

brought him in over $40 million y'all

ever heard of Walmart well this dude

right here created Walmart in his late

40s after literally bagging groceries

for 25 years stacking up a little bit of

change and putting together this little

grocery store that we all know and love

and now his family is literally the

richest family in America with

$267 billion bro and lastly I want to

talk about Sean John comes also known as

P Diddy or Diddy or love chill chill

chill chill chill chill what you mean

bro the point is you can't sit here and

stress about how long it's going to take

patience is a skill that has been lost

in this instant gratification social

media era and in my opinion it is the

single most important skill when it

comes to becoming successful you might

think hard work is actually the most

important skill but in reality hard work

doesn't really

matter some of the hardest working

people in the world are the most

underpaid think about construction

workers who literally go out in the hot

Sun every single day to build this

beautiful world we live in they making

on average

$33,000 a year or firefighters who risk

their lives every single day just to

bring in around $40,000 a year and then

there's me last month I made over a

million dollar it was my biggest month

in all the 10 years that I've been doing

business and I kid you not I worked one

maybe two hours a day now does that mean

that you should only work 1 hour a day

hell no what it means is that you need

to choose the right vehicle to work

on last month I made over a million

dollars from this YouTube channel my

Investment Portfolio and from selling my

software company viral Vault this is a

company that I spent 5 to 10,000 hours

building over the last 6 years and I

even grew it to the point where it was

passively making over $200,000 a month

and sold it for a multi-million doll bag

that is the power in choosing the right

vehicle you need to pick something that

you genuinely like and can see yourself

doing for years you need to pick

something with a high ceiling that can

scale really far and most importantly

you need to pick something that you see

is working for other people right now

because you don't have to be a

Pioneer I know hundreds of Millions

all from different parts of the world

all from different backgrounds yet I

don't know a single one who got rich

from doing something brand new for every

single Mark Zuckerberg that got rich

pioneering a new industry there got to

be at least a 100,000 millionaires who

made it by walking a path that had

already been laid before them like this

guy and as a beginner you need to

realize everything's a thousand times

easier if you just do this nice thanks

man appreciate it who do you think you

are when I was young I tried starting

all these crazy innovative business

ideas like hosting a music festival

building an iPhone app or starting my

own clothing brand what made me my first

million was starting an online store

selling other people's products that

were already going viral and it only

took me one year after starting this

business to make my first million

dollars in sales there's literally

thousands of different things to choose

from so don't overthink it too much just

pick something that is proven to work

for other people right now if you want

to become a billionaire maybe it's

different but if you want to make your

first M just do this but if you're

watching this video video and you have 0

or next to no savings don't start a

[Music]

business all through high school I made

a promise to myself to never work a job

so I did pretty much every side hustle

you could think of just to scrape by and

make a little bit of money and in the

end I graduated with less money than all

my friends who actually went out and got

jobs I wish someone told me 10 years ago

that it's okay to get a job even though

I wanted to become a successful

entrepreneur it would have put some much

needed money in my pocket gave me a

better work at this and if I choose the

right job I know for a fact it would

have got me closer to my goal of

becoming a successful business

owner welcome with your mother H today

hi um can I please get a Happy Meal and

one McFlurry please nowadays I see too

many kids that are scared to go and get

a job because they want to become an

entrepreneur or a content creator but in

my opinion it's stupid because you can

do both you can work a part-time job

during the day to stack up some money

and in your free time do a side hustle

so you can build up a skill that you can

get paid for skills pay the bills and

the only way you can build a successful

business is if you have some startup

capital and a set of valuable skills so

I think you should stop focusing so much

on making money and focus on developing

valuable skills in your free time

because you get paid in proportion to

the value that you provide to the

[Music]

world it's actually impossible to make

money you can only earn money and the

only way to do that is by actually

providing providing value to the world

it's simple if you can find a problem in

the world and get good enough to solve

it you'll get

[Music]

paid I made millions of dollars by

creating a product that helped people

fall asleep faster helping hundreds of

thousands of people start their first

online business and entertaining

millions of people here on YouTube it's

not like I'm ending world hunger or

anything but in some way I'm trying to

make the world a better place and that's

the only way you can get money unless of

course you still

it and when you start to look at the

world this way you begin to see

opportunities everywhere your neighbors

have Dusty or dirty cars well you can

make $100 a day helping them clean them

is your local pizza shop struggling well

you can make $1,000 a month if you help

them run ads humans are polluting the

world at an Unstoppable rate that will

eventually end up in a calamitous

situation that will result in the

permanent downfall of humanity as we

know

it well you'll probably become a

billionaire if you can figure out how to

solve that anyways there are problems

everywhere and if you can solve them

you'll get paid that's why Knowledge and

Skills are the ultimate

power last year I had a conversation

with one of the richest men in the world

he's literally number 40 on the Forbes

list and I asked him about where he

thinks the world is heading he said well

uh I mean there'll be there'll be

crashes and there'll be a final crash a

final Crash from which there is no

return comforting right when that moment

I started panicking and I asked him what

any sensible person would what can I do

to prepare myself and he said the only

thing they can never take away from you

is what you have learned and in that

moment I realized that nothing in this

world is truly ours except for our

knowledge and our unique skills that we

have to offer the world and that's why

still to this day that's all I focus on

I try to learn something new every day

by reading and sharpen my skills in the

things that I love to do the most like

making videos working on my business

producing music and

kickboxing look no matter what stage

you're at this should be your focus get

better every day at a skill that

provides value to the world and make

sure you're constantly pursuing

knowledge through self-education just

whatever you do make sure you choose a

path that's actually true to

you this is not me saying you have to

find your passion before you do anything

but all I'm saying is whatever dream or

path you decide to go down in life is

something that you're actually

interested in because it's not going to

pop off right away and it's going to

take a couple years until that thing

actually works out and to get through

those years you genuinely need a love

for the game the worst feeling ever

would be to make it to the top of your

field and ultimately feel like you

wasted your

life you know I feel this way sometimes

even though I love being an entrepreneur

I grew up obsessed with the Arts I used

to enjoy making short films I used to

play instruments for a long time and

produce my own music and and somehow I

ended up becoming this business guy here

on YouTube but it's not too late in fact

I still make music every day and

hopefully one day I'll be able to break

through that Arena as well it's okay to

get lost along the way and even take a

few wrong turns all that really matters

is that you know where you're trying to

go and never lose sight of that no

matter how far away it seems and most

importantly you're able to find

enjoyment in the

[Music]

process I just wish I appreciated some

of the hard times more when I was going

through them and I know it's the easiest

thing in the world for me to say this

now in the position I'm in today but

genuinely looking back at those 4:00

a.m. late night sessions working on my

Dusty old computer in the laundry room

at my mom's house was some of the

highest level of motivation and

discipline I ever had in my life I'm

still chasing that feeling to this day

no matter what stage of the journey

you're in you have to be able to

appreciate it and I feel like that comes

from understanding that money won't fix

the way you feel sure it might

temporarily make you feel better but the

feeling is fleeting I promise you to fix

the way you feel you have to learn to

appreciate the basic goodness of life

you have to learn to appreciate the

simple mundane things that you're taking

for granted every single day this is why

you could have a billionaire that is

depressed with a broken family that

hates him and a lower middle class

family that's happy and builds a happy

home one is searching for external

fulfillment and the other is simply

accepting life in the the way that it is

and it's funny because my brain is in a

constant Push Pull between both of these

Dynamics I want more and I want to be

successful but I also am just trying to

enjoy life for what it is and stop

chasing all these external things that

in the end don't really matter because

no matter how much of them I get I never

feel any better the only time I

genuinely feel good nowadays is after a

conversation with an old friend a walk

through my neighborhood a good workout

or there's these new birds in my

neighborhood they're like maca I don't

know how they ended up there they

escaped from some local zoo and every

day at 7:00 p.m. I see these birds

flying outside of my house and the

feeling that I get from seeing those

birds is somehow better than the feeling

I got when I sold my company for

millions of dollars I don't know doesn't

make any sense that's the point I'm

trying to make here the best things in

life are free so don't ignore that in

pursuit of your goals and lastly stop

taking advice

I know you just heard me Yap for like 10

minutes straight but seriously you

should stop trying to take so much

advice from other people because inside

of you is really where the most Divine

wisdom lies no one knows you like you

know yourself and all of my best ideas

have come from following my intuition

now look I don't even know who you are I

don't know your name I don't know where

you're watching this video from but I do

know you're a part of the winner circle

and if you're not make sure to hit that

subscribe button but only you know what

you want out of life and that comes from

connecting with your intuition therefore

you need to cultivate it and protect it

at all costs we all have God within us

and I believe if we serve him every day

by taking care of ourselves and doing

the right things he will guide us to

reaching our highest purpose in this

lifetime and these are the things that I

wish someone taught me when I was first

starting in my journey or maybe they've

been inside of me all

[Music]

along this ain't cheddar this key

take