12 Tiny Habits That ACTUALLY Made Me Rich

Summary

In this video, the speaker shares 12 habits that contributed to their financial freedom in their 20s, focusing on small, consistent actions over time. Key habits include removing the word 'someday' from their vocabulary, facing fears, taking action without seeking permission, time blocking for side hustles, and learning from psychological research. They emphasize the importance of focus, seeking help, viewing wealth-building as a game, betting on yourself, and avoiding time-wasting habits. The speaker also highlights the importance of discipline, reframing setbacks as lessons, and continuously betting on personal growth to achieve financial success.

Takeaways

• 😀 Stop using the word 'someday'—take action today, no matter how small, to make progress toward your goals.
• 😀 Face your fears head-on—overcoming fear and insecurity can lead to growth and unexpected opportunities.
• 😀 Stop waiting for permission from others—take initiative and act with confidence in your decisions.
• 😀 Believe in yourself and your potential—your thoughts shape your reality, so act like the person you want to become.
• 😀 Dedicate small, consistent time blocks to your goals—starting with just 30 minutes a day can lead to significant progress.
• 😀 Learn from others—seek help from experts and be open to paying for knowledge to accelerate your growth.
• 😀 View building wealth as a game—success requires strategy, skill, and resilience. Treat challenges as learning opportunities.
• 😀 Focus on what matters—maximize your time and energy by cutting through distractions and staying focused on high-impact activities.
• 😀 Expand your luck surface area—actively seek opportunities and be aware of how you can create your own luck through action.
• 😀 Focus on mastering one thing at a time—avoid spreading yourself too thin, and dedicate yourself to becoming an expert in one area.
• 😀 Discipline is about caring for your future self—do the tough things today that will pay off in the future for a better life.

Q & A

How did removing the word 'someday' from your vocabulary contribute to your success?

Removing the word 'someday' helped shift the mindset from procrastination to immediate action. By eliminating this term, you stop deprioritizing important tasks and start taking small steps toward your goals, even if you can't complete them all at once.

What was the significance of facing your fear of being on camera?

Facing the fear of being on camera helped overcome insecurity and boosted confidence. It was a pivotal moment that led to personal growth, enabling the creation of a media company and reinforcing the belief that tackling fears opens up new opportunities.

Why is seeking permission considered a hindrance to success?

Seeking constant approval prevents personal growth and self-confidence. Instead of waiting for others' validation, it’s crucial to take action independently, stepping into uncertainty with confidence and ownership of your decisions.

How did William James’ psychological research influence your approach to success?

William James’ research emphasized that people become what they believe about themselves. Believing in your ability to succeed and taking action toward your future self is critical to long-term personal and financial growth.

What is time blocking, and why is it an important habit for side hustlers?

Time blocking involves setting aside a dedicated period each day (e.g., 30 minutes) to focus on a specific task, such as a side hustle. This habit is essential because it helps create consistent progress, keeps you motivated, and encourages seeing opportunities beyond a 9-to-5 job.

Why did you shift from selling used phones to using the dropshipping model for your e-commerce business?

The dropshipping model allowed for less upfront investment and risk. It eliminated the need to stock products, making it easier to scale the business, as you only pay for the products after a customer buys them.

How did asking for help accelerate your journey to financial freedom?

Asking for help, especially from experts, saves time and helps avoid costly mistakes. It accelerates learning and execution, enabling you to achieve goals faster by leveraging the experience and knowledge of others.

What can be learned from viewing wealth-building as a game?

Viewing wealth-building as a game teaches the importance of skills, strategy, and resilience. Just like in a video game, setbacks are opportunities to learn, adapt, and improve, making it easier to navigate challenges and stay focused on long-term success.

How does focus impact time management and achieving your financial goals?

Focus enhances productivity and ensures that time spent on tasks is used effectively. By reducing distractions and gradually improving your ability to focus, even short bursts of time can lead to meaningful progress toward financial goals.

What is meant by 'working on your luck surface area' and how can it help in achieving success?

Increasing your 'luck surface area' means putting yourself in more situations where opportunities can arise, whether through awareness, motion, or uniqueness. By expanding the number of opportunities you pursue, you increase your chances of success, just like owning more property in Monopoly increases your likelihood of winning.