50 Principles for Teenagers To Become Millionaires
Summary
TLDRThe speaker challenges the perceived weakness in men and emphasizes the importance of focus, willpower, and respect for women. He shares personal experiences, advocating for legacy building, learning from failures, and making reversible decisions quickly. The script also covers the Dunning-Kruger effect, the value of a strong network, and the necessity of continuous learning and self-improvement. It concludes with the advice to use one's unique advantages and to enjoy the journey of life while striving for success.
Takeaways
- π Building willpower and focus is crucial to achieving one's full potential and outworking rivals.
- π The speaker emphasizes the importance of real masculinity, which includes deep respect for women and stepping up in life.
- π¨βπ¦ Prioritizing family and legacy is essential, with the speaker sharing personal experiences of instilling these values in his son Curtis.
- π To succeed, one should do the opposite of what most people do, as following the crowd leads to average results.
- π« Rejecting mediocrity and embracing unique skills can set one apart, as illustrated by Steve Jobs' success with Apple.
- π§ Learning from failure and making reversible decisions quickly are key to growth, as is learning from mistakes without repeating them.
- π€ The Dunning-Kruger effect is highlighted, showing that recognizing what one doesn't know is a sign of intelligence and learning.
- π The importance of not complaining and facing problems objectively to find solutions is underscored.
- π€ Building a strong network is invaluable, with connections often being more beneficial than money in the bank.
- π Listening attentively and being present in the moment can lead to deeper understanding and happiness.
- π° Investing early and wisely is crucial for wealth building, with the speaker sharing personal successes and failures in the stock market.
Q & A
What is the main point the speaker is trying to make about men's ability to focus?
-The speaker suggests that most men have weak willpower and cannot concentrate for more than 10 seconds, implying that they need to work on their focus to reach their full potential.
What does the speaker believe is a key factor in his success in his early 20s?
-The speaker attributes his early success to his loving and supportive wife, emphasizing the importance of having strong personal relationships.
What is the famous saying mentioned in the script that connects weak men with hard times?
-The saying is 'weak men create hard times, hard times create strong men, and strong men create good times,' which suggests a cyclical relationship between personal strength and societal conditions.
Why does the speaker stress the importance of stepping up and not passing on weak beliefs to children?
-The speaker believes that if men remain weak and pass on these beliefs, society will face significant problems, emphasizing the need for personal growth and positive role modeling.
What advice does the speaker give for building a legacy?
-The speaker advises to do the opposite of what most people are doing, as following the crowd will yield average results, and to think about the legacy one wants to build for the future in all actions.
What is the significance of making 'reversible decisions fast' as mentioned by the speaker?
-Making reversible decisions fast allows for quick learning from mistakes without severe consequences. It's a strategy to avoid the paralysis of overthinking and indecision.
How does the speaker relate failure to improvement?
-The speaker views failure as a necessary part of improvement, using the example of his son Curtis learning to ski by falling and getting back up, which ultimately led to faster skiing.
What is the Dunning-Kruger effect as described in the script?
-The Dunning-Kruger effect is a cognitive bias where the more one learns about a subject, the more they realize how much they don't know, suggesting that true knowledge comes with the awareness of one's own ignorance.
Why does the speaker emphasize the importance of not complaining?
-The speaker believes that complaining does not solve problems and instead, one should objectively analyze issues and find solutions, as this demonstrates self-reliance and problem-solving skills.
What does the speaker mean by 'being in control' in the context of attracting a partner?
-Being in control, according to the speaker, means having mastery over oneself and one's environment, which projects confidence and is an attractive quality in a partner.
How does the speaker define 'always be a student' and why is it important?
-The speaker defines 'always be a student' as a commitment to continuous learning and curiosity, regardless of age or existing knowledge, which is crucial for adapting to change and achieving long-term success.
What is the speaker's perspective on investing and why is it important for wealth building?
-The speaker views investing as a crucial tool for wealth building, allowing money to grow passively over time. He emphasizes the importance of informed decision-making and using tools like Moomoo for investment insights.
What is the significance of the rule 'always beat your prior best in everything you do' according to the speaker?
-This rule signifies a commitment to self-improvement and excellence. The speaker believes in constantly striving to outdo one's previous efforts, which is a key to personal and professional growth.
Why does the speaker suggest that actions are more important than words when judging a person?
-The speaker argues that actions reveal a person's true intentions and character, while words can be deceptive or insincere. It's the actions that demonstrate one's values and commitment.
What advice does the speaker give regarding handling criticism and differing opinions?
-The speaker advises to learn from those who disagree, to avoid being trapped in an echo chamber, and to listen to diverse opinions even if one does not agree with them, as there is something to learn from everyone.
How does the speaker view the role of physical strength and martial arts in a man's life?
-The speaker believes that physical strength and knowledge of martial arts can command more respect, both in personal life and business, and are valuable skills for self-defense and confidence.
What is the speaker's stance on gossiping and talking behind someone's back?
-The speaker is against gossiping and talking behind someone's back, as it erodes trust and can damage one's reputation as being untrustworthy.
Why does the speaker emphasize the importance of punctuality?
-Punctuality, according to the speaker, is a sign of respect for others' time and demonstrates reliability and trustworthiness, which are crucial for personal and professional relationships.
What is the speaker's view on taking naps and its relation to productivity?
-The speaker sees naps as an important part of rest and productivity. He advises not to be ashamed of taking naps when needed, as they can help rejuvenate and improve long-term productivity.
How does the speaker define the importance of storytelling in life?
-The speaker views storytelling as a vital skill for various aspects of life, including entertainment, persuasion, and business, as it helps in engaging and connecting with others.
What final advice does the speaker give about the approach to life and success?
-The speaker advises to enjoy the journey of life as a never-ending game, focusing on finding enjoyment and meaning along the way, rather than solely on the end goal of wealth.
Outlines
π Building Focus and Respecting Women
The speaker begins by challenging the audience's willpower and focus, suggesting that most men lack the ability to concentrate for extended periods. He emphasizes the importance of developing willpower to reach one's full potential and outperform rivals. The speaker also addresses the misconception of masculinity being toxic and shares his personal success story, attributing it to his supportive wife. He encourages viewers to step up and not pass on weak beliefs to future generations, highlighting the significance of family and legacy. The speaker shares his philosophy of doing the opposite of the majority to achieve success and the importance of making and learning from mistakes quickly, as inspired by Jeff Bezos' approach to decision-making.
π Embracing Lifelong Learning and Investing
In this paragraph, the speaker stresses the importance of deep concentration and the ability to focus without distractions. He advises the audience to internalize the information presented and apply it to their lives. The speaker shares his mentor's advice of being unique and different, using Steve Jobs as an example of combining unrelated skills to create something remarkable. He talks about the importance of values, particularly prioritizing family, and the impact of reputation. The speaker also discusses the inevitability of loss and the importance of living in the moment while planning for the future. He ends this section by advocating for continuous learning and improvement, using his own experience of adapting to new technologies as an example.
πͺ Prioritizing Actions Over Words and Self-Defense
The speaker discusses the importance of actions over words, emphasizing that one should always judge a person by their actions. He talks about the skepticism around online gurus and the need to add value to others' lives. The speaker also touches on the importance of not being mentally dominated by mainstream media and the need to be a producer rather than a consumer. He suggests learning self-defense and standing up to bullies as part of developing confidence and respect. Additionally, he advises against gossiping and emphasizes the importance of trust in relationships. The speaker also discusses the value of loyalty in friendships and the importance of not cheating in romantic relationships.
ποΈ Using Unfair Advantages and Overcoming Procrastination
In the final paragraph, the speaker encourages the audience to identify and utilize their unfair advantages to achieve success. He advises setting deadlines to increase efficiency and separate work from judgment. The speaker discusses the importance of being fueled by vision rather than fear and the need to decline tasks if one is not ready. He also emphasizes the importance of presenting oneself in a desired manner, including appearance and behavior. The speaker suggests automating tasks to avoid overextending oneself and the importance of punctuality. He concludes by advocating for rest, storytelling skills, and enjoying the journey of life while pursuing wealth and success.
Mindmap
Keywords
π‘Willpower
π‘Masculinity
π‘Legacy
π‘Failure
π‘Dunning-Kruger effect
π‘Complaining
π‘Control
π‘Integrity
π‘Network
π‘Concentration
π‘Investing
Highlights
The importance of developing willpower and focus to achieve full potential.
Masculinity is not toxic; it involves having deep respect for women.
The necessity for men to step up and the role of women in seeking strong partners.
The impact of role models on personal growth and the dangers of lacking them.
The significance of prioritizing family and legacy in personal success.
The concept of doing the opposite of the majority to achieve success.
Embracing failure as a means for improvement and learning.
The Dunning-Kruger effect and the importance of recognizing what you don't know.
The rule of never complaining and focusing on finding solutions instead.
Being in control as a sign of confidence and attractiveness.
The value of owning your mistakes and apologizing sincerely.
The power of building a strong network for support and success.
The advice of 'Don't be the best, be the only' and standing out.
The importance of having values and standing for something greater than oneself.
Preparing mentally for the death of loved ones and valuing time spent with them.
The balance between living in the moment and planning for the future.
The continuous learning and curiosity as keys to long-term success.
Investing early and the importance of using tools for informed financial decisions.
The value of always striving to beat your prior best in everything you do.
The power of storytelling in communication and persuasion.
The importance of enjoying the journey of life and not just focusing on wealth.
Transcripts
- I'm just gonna say it.
Most men are weak, so weak,
they can't even concentrate for more than 10 seconds.
Admit it.
You've already scrolled down the comments
to see what other people are saying,
or if someone's made a list of all 50 rules
so you don't have to watch the full video.
You need to work on your willpower.
You will never reach your full potential
or outwork your rivals if you can't focus
for long periods of time.
So use this video as a test for yourself.
If you can reach the end without skipping
and actually listen to what I say on a deep level,
then you are in the minority.
I've watched for years
as masculinity has been suppressed by the media,
so I want to make this point early on.
Real masculinity isn't toxic,
and that's why you need to have a deep respect for women.
I wouldn't have become a millionaire in my early 20s
if it wasn't for my loving and supportive wife.
I understand times have changed,
but I think a big reason
for this is that men haven't learned how to step up.
This video is just as much for women as it is for men,
as they don't want losers as partners.
As the famous saying goes, weak men create hard times,
hard times create strong men,
and strong men create good times.
It's not actually most guys' fault,
as they lack role models,
but if they remain weak and pass
on these beliefs to their children,
then we're in for a lot of trouble.
That's why it's important
to prioritize family above everything.
I've always been close with my son Curtis,
and from the day he was old enough to speak,
I've emphasized the importance of legacy.
There is always someone in a family
who is the first to succeed,
and in my case, it was me.
In your case, it could be you.
That's why whenever you're doing something,
think about the legacy you want to build for the future.
If you want to be the person
to strike it big in your family,
then you need to watch what most people are doing
and do the opposite.
This is a pretty simple idea
because if you do what everyone else does,
then you're gonna get the same results.
I always rejected the idea of being normal and vanilla.
As the saying goes,
if you're everyone's cup of tea, then you're a mug.
You also need to be prepared to fail fast.
When I was growing my wealth,
I really didn't worry about
if I was doing everything perfectly.
It's much better to just get started
and then learn from your mistakes.
It's only really a failure if you repeat the same mistake.
A great way to do this is to make reversible decisions fast.
I learned this rule from Jeff Bezos,
as he said that with a decision that you can go back on,
your biggest risk is dragging your feet
and not making a decision.
However, when decisions are irreversible, slow them down.
In this case, the biggest risk is making the wrong decision,
so it's worth getting some more information.
I mean, if you never fell,
then you're not trying hard enough.
I enjoy skiing with my son,
and I remember one year we competed
to see who could fall the least.
I won as Curtis fell over a lot.
However, he improved tremendously,
and now he's much faster than me.
And this just proves that failure leads to improvement
if it's embraced.
Once you've gone through this,
you often feel like you know nothing.
But you're only smart when you feel like you know nothing.
This is known as the Dunning-Kruger effect,
as the more you learn about a topic,
the more you know what you don't know.
The problem is most people can't get to this stage
as they just can't face failure.
It's too painful for them
so they end up blaming other people.
That's why my next rule is never complain.
Even if your whole world is crumbling,
complaining to the world won't do anything positive for you.
I'm not saying you can't express your feelings,
but it's important to remember we all have our own problems
and not many people care about fixing yours.
Instead of complaining,
look at the problems of objectively and find solutions.
I'd much prefer that to someone just patting me on the back
and pretending they care.
This means you can stay in control at all times.
Whenever I say this,
people think I'm saying that men should be controlling,
but I actually mean they should be competent.
If you wanna attract a woman,
then one of the most attractive qualities you can have
is being in control of yourself and your environment.
This projects a type of confidence that just can't be faked.
Of course, sometimes you're gonna make mistakes,
such as saying or doing something wrong.
We're all human and that's natural.
However, it's important you own your mistakes
without exceptions.
This will set you apart from most people
as they will see a person of integrity.
If you combine this with apologizing quickly and sincerely,
then you are gonna build an extremely strong inner circle.
You need to build a strong network
as it beats money in the bank any day.
I can't count how many times
my connections have helped me out.
I know the contacts in my phone are worth millions,
and I could solve pretty much any issue I face
in the future with one call.
Let's pause for a second. Are you listening?
I mean truly listening.
Or did you just gloss over all of that information?
Well done if you were paying attention,
but if you weren't and instead replying to a text,
just remember, you don't always have to reply instantly.
It's important to give yourself time
to focus on things deeply without distractions.
So close any of your open tabs
and really take this opportunity to refocus.
This is your life,
and you need to be able to enter a state of concentration.
Really internalize what I'm saying and think,
"How are you going to apply this to your life?"
My mentor once told me, "Don't be the best, be the only."
And to me, that meant that I had to make myself so different
that no one could be the same.
You can do this by learning seemingly unrelated skills
and combining them.
Steve Jobs is well known for mixing his love for calligraphy
and design with technology
and creating Apple as we know it today.
In order to do this,
you need to stand for something greater than yourself.
This comes from having values you don't compromise
under any circumstances.
One of my cornerstone values we've already touched on,
which is prioritizing my family.
If something isn't in their best interest,
then I will not do it under any circumstances.
So figure out what you are passionate about
and make a stand.
This will allow you to command respect from others.
This is because reputation is everything.
It is one of the few things that lives on after you die.
I've had the unfortunate experience
of attending many funerals in my time,
and the person is always remembered for their character,
not their achievements.
On this subject, you need to mentally prepare yourself
for your loved ones dying.
I know this isn't the nicest thing to talk about,
but you do need to think about it.
When something like this happens,
it can send shockwaves throughout our lives,
and if you aren't ready to withstand this,
then you'll just crumble.
Thinking this way also helps you
to value every moment you spend with your loved ones,
as nothing is forever.
This really feeds into the rule
that you should live in the moment, but plan for the future.
It's so easy to go through life on all autopilot,
swiping social media in a daze,
but if you actually stop for a second and be present,
then you'll find you'll become much happier.
This will actually help you to fulfill your long-term goals,
as longevity is everything.
It's relatively easy to have some short-term success
and then go and blow it all on fancy cars
and designer clothes.
What's much more impressive
is doing it again and again over long periods of time.
That's what true legends do.
I think the main reason most men don't become legends
is they stop learning.
That's why the rule always be a student is so important.
I have never stopped learning.
I'm a 55-year-old man making YouTube videos
in his spare time.
The internet wasn't even around when I was a kid.
So it's been a long learning curve,
but I've embraced the challenge and remained curious.
I believe that you should always fix your weak spots,
especially the ones that really bother you
when someone else brings them up.
In fact, building on this point,
you should learn from those that disagree with you.
Too many people are trapped in a bubble on social media.
They can't face their beliefs being challenged.
You can learn something from everyone.
So just because you don't agree
on a couple of things doesn't mean you shouldn't listen
to their opinions.
The next rule is one I'm very passionate about,
and it's to invest early.
Now, I know a lot
of self-help YouTubers are saying investing your money
is not worth the time as you'll only get 8% per year.
However, they're just kids.
They aren't looking at the bigger picture.
Of course, it's important to make money quickly,
but it's equally important to let some of it grow passively.
But let's not beat around the bush.
I've made millions of dollars
through stock market investing,
but I've also lost money
by investing in the wrong companies.
That's why you need to make sure you're using a tool
that provides you with all the necessary information
to make informed decisions.
This is where today's sponsor Moomoo comes in.
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Personally, I really like the free tool they offer,
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That's a great deal as these three stocks
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Lots of people ask why I take on sponsorships
when I already have enough money,
and that's because of the next rule.
Always beat your prior best in everything you do.
I wanna make sure that each video I post
on this channel is better than the last one,
which means I have to pay my team well.
If I can run this channel at how much it costs me
to produce the videos, then I'm happy,
as long as I keep making better content for you guys.
I've always tried to give without taking.
I make sure that everything I do adds value
to the people around me.
Even the sponsorships I take
on give something back to you guys
in the form of free stocks or discounts of some kind.
The truth is,
no one has ever regretted giving away too much
on their deathbeds.
There's a lot of skepticism around online gurus
because many just wanna make a ton
of money selling a badly made online course for $997.
That's why the next law is so important.
Always judge a person by their actions and not their words.
Look, words are cheap and action speaks volumes.
That's why you should always look
into the people you're following
before implementing their advice.
This even goes for your parents and grandparents.
You should never disrespect your elders,
but equally, if you don't agree with them
you don't have to do what they say.
It's so important to have your own opinions.
I see way too many people acting like sheep online.
I get that it's easier to follow the herd mentality.
However, it's much better to reserve judgment
until you come to your own opinion.
The mainstream media like to repeat the same messages again
and again while silencing opposing opinions.
This is why as a man you can never allow yourself
to be mentally dominated.
It's widely believed that they're trying
to eliminate masculinity in order
to create a more docile population,
as military-age men are the only people
that can stand in their way of complete uncontested power.
I personally don't listen to the news.
It's highly negative,
and there isn't much I can do about world events.
You should do the same and become a producer,
not a consumer.
I understand consuming to a certain extent,
especially if you learn a lot from the content,
but you should always be trying to put more out in the world
than you are taking.
Otherwise, you'll end up broke.
You should also learn how to defend yourself.
Hopefully this is something you'll never need to rely on.
But I definitely think that if you are physically strong,
then you'll command more respect as a man in life
and in business.
Learning some martial art is definitely worthwhile.
This makes it so much easier to follow the next rule,
which is to stand up to bullies.
You can't allow yourself
to be bullied by anyone, man or woman.
In most cases, if you do this once,
then you won't need to do it again.
Bullies can really knock your confidence,
and this isn't something you can afford
as you develop as a man.
It's equally important to never talk behind someone's back.
As a man, if you have a problem with someone,
you should address it with them directly or not at all.
You may think that gossiping about people
when they can't hear you doesn't matter,
but it actually makes you less trustworthy
to those that are listening.
They're unlikely to trust you after this as they're thinking
that you are gonna do the same behind their backs.
Trust is everything.
That's why you should never date a friend's ex.
I get it, she may come to you after a breakup
and say that she always liked you,
but your loyalty to your friend should be strong enough
to reject her.
There are so many other girls out there.
You don't need to snake your friend for her.
On the topic of relationships, you need to remember
your first relationship isn't your last.
It's very rare
that you're gonna get it right the first time round.
It may seem like you want to be with someone forever,
but that's probably not gonna be the case, and that's okay.
There's plenty more fish in the sea.
But here's my next rule:
Never cheat on a girl.
It may feel good in the moment,
but compromising your values will hurt your confidence
in the long term.
If you do choose to date, as a man,
you should always pay the bill.
This might be seen as old fashioned now,
but it's an important part of being a gentleman.
It's only simping if you keep doing it,
and she's showing you no affection back.
Above all, if she doesn't like you,
then you should never take rejection personally.
This goes for anything, even a job interview.
Just try and think about it from their perspective
and change whatever you need to for the next time.
For the people that are still listening closely,
if you want to become successful,
then you need to use your unfair advantages.
We all have them.
Just think about what you are really good at,
or the opportunities available to you,
and use them to your advantage.
Once you've found these,
the only thing standing in your way is procrastination.
So allocate blocks of time to tasks and get them done!
I like to think of it as donating hours
to a specific target.
Always have deadlines as it forces you to be more efficient,
and it also helps you separate your work from all judgment.
When faced with a challenging task,
there are typically two voices in your head.
One is excited to get started
while the other is constantly criticizing.
If your negative voice is louder,
you may struggle to complete the task at hand.
It's so important to be fueled by vision, not fear.
Fearful people worry about losing what they have
and can never see far enough ahead
to build something for the future.
Bearing this in mind, I still think you should say no
if you genuinely aren't ready.
Don't be afraid to admit when you need more time
or experience before taking on a task.
There's a popular idea of fake it till you make it,
but if you're not able to fill your knowledge gaps
before taking on a significant task,
it's better to decline it outright.
You don't want to come across as a huge capper.
Instead, present yourself how you wish to be perceived.
It's important to think about how you want
to come across to others
and then make a conscious effort
to present yourself in that way.
This includes how you dress, how you speak,
and even how you carry yourself.
Think of it like building your own video game character
from the ground up.
As soon as you upgrade your character,
then you need to automate as much as possible.
My son knew that he wanted to get fitter
but didn't have the brain power to put into gym plans,
so he hired a personal trainer.
The more things you can do this for, the better,
as it allows you to think about other things
that you can improve.
If you try and do everything by yourself,
then you are gonna stretch yourself too thin and slip up.
You could end up breaking the golden rule
of never being late.
Punctuality is a sign of respect for other people's time
and shows that you are reliable and trustworthy.
Early is on time, on time is late,
and late is unforgivable.
On the note of putting too much stress on yourself,
you really shouldn't be embarrassed
to take a nap now and again.
Rest is an important part of productivity,
and sometimes that means taking a nap when you need it.
Don't be ashamed or embarrassed to do so
as it can actually help you be more productive
in the long run.
I hope you've been able to internalize a lot
of these rules so far.
I've told them in a story so that it's easier
to listen to rather than a numbered list.
This is actually a rule itself.
Learn how to tell stories.
Being able to tell a good story
is an important skill in life,
whether trying to entertain friends
or persuade a business partner.
Look, if you manage
to follow all of these rules and remember,
play the game for fun.
Life is a never-ending game,
and it's important to find enjoyment
and meaning in the journey,
rather than just focusing
on the end goal of becoming super rich.
If you wanna know why you shouldn't start a side hustle,
then I'm gonna leave that video right up there.
But don't click on it just yet.
Make sure to subscribe if you want to grow your wealth.
Okay, I'll see you over there.
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