15 Habits That Can Make You Wealthy

Summary

The transcript outlines 15 habits that contribute to success and wealth in various aspects of life. These include giving your best effort, prioritizing learning over immediate earnings, avoiding the need to impress others with wealth, understanding your 'why', finding opportunities in failure, ignoring hate, learning from others' mistakes, keeping money in your possession, embracing delayed gratification, taking calculated risks, living a balanced life, standing out from the crowd, maintaining discipline, investing in personal growth, and having unwavering faith in oneself. The speaker emphasizes that these habits are not limited to financial success but apply to overall personal fulfillment.

Takeaways

• 💪 Develop a habit of giving your best effort in all endeavors, especially in the job market.
• 📚 Prioritize learning over immediate earnings to potentially multiply your income in the long run.
• 💰 Embrace the mindset of earning money without the need to impress others for financial freedom.
• 🚀 Understand your 'why' to drive success and maintain motivation during challenging times.
• 🔍 Find opportunities in failures; use setbacks as stepping stones for future success.
• 💬 Ignore the hate and嫉妒 that may arise as you pursue and achieve your goals.
• 📈 Learn from the mistakes of others to accelerate your path to wealth and success.
• 💼 Keep your money in your possession, especially in the early stages of wealth accumulation.
• 🎢 Adopt a mindset of delayed gratification to allow for long-term wealth building.
• 🛡️ Be willing to take calculated risks to achieve greater potential returns.
• 🌟 Live a life worth living by focusing on physical, mental, spiritual, and financial fitness.
• 👀 Don't follow the crowd; think differently and carve your own path to stand out and succeed.

Q & A

What is the first habit that winners possess according to the transcript?

The first habit that winners possess is giving their best in everything they do, even when no one is watching. This means putting in more effort than what is required, especially in the job market, to increase the chances of promotions and career advancements.

How can working to learn before earning help in increasing one's income?

Working to learn before earning can significantly increase one's income because it allows individuals to gain valuable skills and knowledge that can lead to better job opportunities and higher income. It involves a mindset of being willing to invest time and effort in learning without immediate compensation, which can lead to long-term financial benefits.

What is the importance of not needing to impress others financially?

Not needing to impress others financially is important because it leads to financial freedom and the ability to build wealth. When individuals focus on earning money for personal wealth rather than to show off, they can save and invest more, leading to financial security and the ability to enjoy life's luxuries without worrying about the cost.

Why is knowing your 'why' crucial for achieving success?

Knowing your 'why' is crucial because it drives you, especially during tough times. It serves as a constant reminder of the reasons behind your actions and goals, providing motivation to persevere through challenges and continue working towards success, whether it's in business, personal life, or other endeavors.

How does finding opportunities in failure lead to success?

Finding opportunities in failure allows individuals to learn from their mistakes and turn setbacks into stepping stones for success. It fosters resilience and a growth mindset, encouraging continuous improvement and innovation, which can ultimately lead to greater success in various aspects of life.

What is the significance of ignoring hate in the pursuit of one's dreams?

Ignoring hate is significant because it enables individuals to stay focused on their goals without being derailed by the negative opinions of others. It's a necessary skill to develop in order to maintain momentum and continue making progress despite external criticism or envy.

Why is learning from other people's mistakes valuable?

Learning from other people's mistakes is valuable because it allows individuals to avoid making the same errors, saving time and resources. By understanding the pitfalls others have encountered, one can make more informed decisions and accelerate their path to success or wealth-building.

How does keeping money in one's possession contribute to wealth accumulation?

Keeping money in one's possession is essential for wealth accumulation because it enables individuals to retain funds for investment, savings, and debt reduction. By not spending money on unproductive items or lifestyle inflation, one can build financial security and create a solid foundation for wealth.

What does it mean to have a mindset of delayed gratification?

Having a mindset of delayed gratification means being willing to forgo immediate pleasures or rewards in favor of long-term benefits. This mindset is crucial for wealth accumulation and success as it involves patience and the ability to resist short-term temptations in order to achieve bigger goals over time.

Why is taking risks important for financial gain?

Taking risks is important for financial gain because it opens up the possibility for higher returns and greater opportunities. While there are no guarantees, being willing to take calculated risks can lead to significant financial success, as it allows individuals to seize opportunities that others might pass up due to fear or uncertainty.

How does living a life worth living contribute to overall success?

Living a life worth living contributes to overall success by ensuring that one's physical, mental, spiritual, and financial well-being are in balance. This holistic approach to life allows individuals to enjoy their achievements and maintain a sense of purpose and fulfillment, which is essential for long-term happiness and success.

Outlines

00:00

💪 Embracing the Habits of Winners

This paragraph discusses the importance of adopting the habits of successful individuals, or 'winners', to achieve success in various aspects of life, including finances, happiness, and fulfillment. It emphasizes the need to understand and incorporate these habits into one's daily life, starting with giving your best effort, especially in the challenging job market. The speaker shares the example of an operations manager who worked for free to learn and eventually climbed the corporate ladder, highlighting the value of working to learn before earning. The paragraph also addresses the need to focus on building wealth without the pressure to impress others, advocating for financial freedom and the ability to enjoy life's luxuries without financial stress.

05:01

🚀 Driving Success Through Your 'Why'

The second paragraph focuses on the motivational power of understanding one's 'why'—the reason behind striving for success. It suggests creating a 'wall of why' as a constant reminder of the purpose behind one's goals, especially during challenging times. The speaker shares personal anecdotes about turning failures into opportunities, such as starting a YouTube channel after a business scam, and emphasizes the importance of learning from these experiences. The paragraph concludes by encouraging viewers to find opportunities in failure, as these experiences can lead to significant growth and success.

10:02

💡 Finding Opportunities in Mistakes

This paragraph underscores the value of learning from both personal and others' mistakes as a shortcut to wealth and success. It argues that by observing and understanding the errors of others, one can avoid similar pitfalls and accelerate their journey to success. The speaker advocates for seeking knowledge from various sources, such as books, classes, and mentorship, to benefit from the collective wisdom and experiences of others. The paragraph also touches on the importance of keeping money within one's possession to build wealth and the necessity of adopting a mindset of delayed gratification for long-term success.

15:03

🛡️ Ignoring the Hate and Living a Life Worth Living

The fourth paragraph addresses the inevitability of facing criticism and hate as one pursues their dreams. It encourages the audience to ignore the negativity and stay focused on their goals. The speaker shares the journey from initial support to envy and criticism as one's success grows. The paragraph also emphasizes the importance of living a balanced life that encompasses physical, mental, spiritual, and financial fitness. It suggests that true success includes not only financial wealth but also health, happiness, and fulfillment.

20:03

🌟 Standing Out from the Crowd

The fifth paragraph discusses the concept of the 'minority mindset,' which involves thinking and acting differently from the majority to achieve unique success. It contrasts the common path with the innovative one, highlighting the benefits of carving out one's own path and creating new opportunities. The speaker references the Blue Ocean Strategy as an example of this mindset in business. The paragraph concludes with the importance of discipline, self-investment, and faith in oneself as crucial habits of wealthy individuals.

Keywords

💡Habits of Winners

The concept of 'Habits of Winners' refers to the set of behaviors and attitudes that successful individuals consistently exhibit, which contribute to their success in various aspects of life. In the video, these habits are presented as actionable strategies that anyone can adopt to improve their chances of achieving wealth, happiness, and fulfillment. The video outlines 15 such habits, emphasizing that they are cost-free to implement and can lead to significant personal and professional growth.

💡Quiet Quitting

Quiet quitting is a term used to describe a situation where employees disengage from their work, putting in minimal effort without formally resigning. In the context of the video, it is contrasted with the habit of giving your best, which is a characteristic of winners. The speaker encourages viewers to go beyond the basic requirements of their job to stand out and increase their chances of promotion and success.

💡Learning Mindset

A learning mindset is the attitude of being open to acquiring new knowledge and skills, regardless of immediate compensation. The video emphasizes the importance of working to learn before working to earn, suggesting that long-term success is built on a foundation of continuous learning and growth. This mindset is crucial for scaling income and achieving greater wealth.

💡Financial Freedom

Financial freedom refers to the state where an individual has enough wealth and passive income to cover their living expenses without having to work actively for money. The video discusses the importance of earning money without the need to impress others as a step towards financial freedom, which allows for greater flexibility and choice in life.

💡Personal Why

The 'Personal Why' is the deeply personal reason or motivation behind an individual's actions and goals. It serves as the driving force that keeps one motivated, especially during challenging times. In the video, the speaker advises viewers to identify and remember their 'why' as it is crucial for sustaining the effort required to achieve success and overcome obstacles.

💡Opportunity in Failure

Finding 'Opportunity in Failure' involves the ability to recognize and seize potential for growth, learning, or new directions following setbacks or failures. The video emphasizes that failures should not be seen as dead ends but as opportunities to learn and create new paths to success.

💡Ignoring Hate

Ignoring hate refers to the ability to disregard negative comments, envy, or criticism from others, especially when pursuing personal goals or success. The video suggests that as one's success grows, so might the level of negativity from others; however, it's important to stay focused on one's vision and not let external hate deter progress.

💡Learning from Mistakes

Learning from mistakes involves using one's own or others' errors as a source of education and growth. The video emphasizes the value of learning from others' mistakes to avoid repeating them and to accelerate the path to wealth and success.

💡Delayed Gratification

Delayed gratification is the ability to resist the temptation for immediate satisfaction and instead focus on long-term goals and rewards. In the context of the video, it is presented as a crucial habit for wealth accumulation, as it involves saving and investing money rather than spending it on immediate pleasures.

💡Taking Risks

Taking risks refers to the willingness to venture into uncertain situations with the potential for significant rewards. The video discusses risk-taking as a necessary habit for achieving greater wealth and success, as it often leads to opportunities that would not be possible through safe, conventional paths.

💡Living a Life Worth Living

Living a life worth living encompasses the pursuit of a well-rounded, fulfilling existence that goes beyond material wealth. The video stresses the importance of physical, mental, spiritual, and financial fitness as components of a meaningful life. It suggests that true success includes not just financial prosperity, but also health, happiness, and a sense of purpose.

Highlights

Winners give their best in everything they do, even when no one is watching.

Before earning, it's crucial to invest time in learning and gaining knowledge.

Wealth comes from not needing to impress others with your spending.

Knowing your 'why' is essential for driving success, especially during tough times.

Opportunities can be found in failures; they can lead to growth and new paths.

Ignoring hate and negativity is a key habit of successful people.

Learning from others' mistakes can accelerate your path to wealth and success.

Keeping your money and not spending it on appearances is vital for wealth accumulation.

Delayed gratification is a mindset that leads to long-term wealth and success.

Taking calculated risks opens up potential for greater returns and success.

Living a life worth living involves being fit in all aspects: physical, mental, spiritual, and financial.

Avoiding the herd mentality and creating your own path leads to unique opportunities.

Discipline is what separates the wealthy from those who struggle, especially during challenges.

Investing in yourself, whether through education or personal development, is crucial for success.

Having faith in yourself, despite others' doubts, is a habit of the successful.

Wealthy individuals often pay lower tax rates due to smart investment strategies.

The importance of starting now and believing in the potential of your efforts.

Transcripts

there are certain habits that every

winner has and then there are habits

that losers have and if you want to be a

winner not just financially but in life

and in success and in happiness and

being fulfilled you have to understand

the habits that Winners possess because

these are habits that you can start

putting into your life starting today

because they don't cost you anything to

change the way that you think and you

act so what I want to do today is go

over these 15 habits that Winners

possess that way you can start using

these habits to accomplish and achieve

more wealth in your life whether that's

Financial or something else and habit

number one is giving your best and this

one is a tough one especially in today's

job market climate because you have a

lot of people talking about quiet

quitting people talking about this great

resignation people talking about I don't

want to put in any more effort than I'm

required to well if you're not putting

in any more effort than you're required

to when it comes time for that promotion

to get the next big job who do you think

is going to get the job the person who

comes in and barely does the work or the

person who's coming in and doing the

extra work and going the extra mile now

if you you don't care about succeeding

in your career and moving up in your

corporate world that's fine that's up to

you to decide but if you want to be the

person that's the go-getter that's

driven that's seeing the success you

can't get into that mindset of just

wanting to do the base level stuff you

got to be willing to put in the work to

give your best and to put in your all no

matter what you're doing and this is

something that's hard because I mean

sometimes you're going to have to do

things that you're not getting paid for

you're going have to do things that you

don't get appreciated for you're going

to do things that you don't get any

compensation for but if you have this

discipline to come in and give your best

for everything that you do because you

want to put that pride of your name on

your work and you don't want your name

to suffer about putting on bad quality

work then you got to be willing to put

in your best even when no one's watching

the second habit that I want you to work

on is working to learn before you're

working to earn this habit right here

can help you 5x 10x even 100x your

income because so many people can caught

up into this idea that I'm not going to

do something today unless I'm going to

get compensated for this thing today but

the ability to earn more money isn't how

hard you can work right there's 24 hours

in a day there's nobody that can really

outwork somebody 1000 times in order to

earn 1000 times more than somebody else

but the ways that you can earn more

money is understanding how you can earn

more money and this means you got to be

willing to work to learn before you're

willing to work to earn and if you're so

focused on how much money you're making

today it is going to be nearly

impossible for you to scale your income

one of the operations managers that we

have at briefs media worked for free at

our company we didn't know how we would

be able to use him but he said you know

just I'm a big fan of what you're doing

I love everything that you're producing

can I just come work for you for free so

I can learn about it and maybe I can

provide some value for you so he worked

full-time for free providing value in

different departments just kind of

seeing how things worked because he

wanted to and a few months later he

slowly started to get paid and then a

few months later he started to get paid

more and now he's leading operations but

it all started because he was willing to

work to learn before he was willing to

work to to earn and when you're

constantly looking for something in

return it is going to be very difficult

if you're trying to see the biggest

success because you have to be willing

to get your foot in the door to learn to

get to know people to network and to be

able to have those opportunities to come

on your lap but you got to be willing to

put in the work and do your best while

you're doing that the third habit that

you need to work on if you want to

become wealthy especially is you have to

get into this habit of being okay

earning money without needing to impress

other people and this one's tough and

this one's more on the financial side

but one of the biggest freedoms in the

world is when you can start earning

money and you don't feel the need to go

out and spend money to show off the

money that you earn and when you can do

this when you can get to the mindset of

not needing to spend money to show it

off on Instagram not needing to go out

and eat out just to post it on wherever

you want to post it not needing to go on

vacations not needing to have all the

nice fancy designer stuff well now you

going to buy yourself a whole lot of

freedom because now you can work to earn

money to make yourself wealthy and that

means you're going to be able to have

the financial cushion a whole lot sooner

and that means you're going to be able

to build more cash flow a whole lot

sooner and that means you're going to be

able to be financially free a whole lot

sooner and that means you could go out

and spend all the money you want and

have all the vacations and have all the

fancy stuff all that you want a whole

lot sooner without having to worry about

the price because you can let your

Investments pay for that but most people

get caught into this lifestyle of oh my

God this dude's 2 years older than me

and he has all these nice things or even

worse oh my God this guy's a year

younger than me and he's driving a

faster car than me he has a bigger home

than me and he's going on nicer

vacations than me and when you get into

this mindset well now you're never going

to have a chance to build wealth for

yourself because all every money is

going out trying to compete with all

your friends on Instagram number four is

you have to know your why you want to

achieve your success and this one is

going to help drive you especially when

things get tough because if you want to

do something big you want to go make it

big on Hollywood you want to go make it

big on YouTube you want to go and start

a business you want to go and have all

these nice big things well it is going

to get tough there are going to be late

nights there's going to be late evenings

there's going to be weekends where you

put in the work there's going to be

times where you want to pull your hair

out there's going to be a lot of things

that go wrong but you got to remember

now what is the reason why you're

looking to do what you do and money is a

very temporary motivator maybe you'll

work hard until you make that first

$100,000 maybe the first $500,000 maybe

the first million do but after a certain

point money can't buy you that much more

crazy stuff at which point you got to

remember why are you doing what you're

doing if you want to have that drive to

actually go out and make a difference in

the world you got to remember why are

you doing what you're doing who are you

doing this for and why are you doing

this one of the things I like to talk

about is making a wall of why put it in

your office put it in your room put it

somewhere where you have your pictures

or your reasons for why it is you want

to do maybe it's your family maybe it's

your kids maybe it's your parents maybe

it's your wife maybe it's your husband

maybe it's an impact you want to make

for your community maybe there's

something that's so painful that happen

in your life that you want to make a

change because of that remember what

that is and put it somewhere where you

can can see it so you can remember it

because when things get tough and I can

guarantee you they will get tough you

want to have that as a reminder to keep

it going even when things are hard

number five is find the opportunity in

failure and I'm not saying this to brag

but I think this is something that I've

been very fortunate to find because

every time I got scammed or screwed over

I was able to find some sort of

opportunity out of that and it was able

to create more opportunity for me in

fact what you're watching today here on

the minority mindset show this started

off because of a failure I was running a

completely different company it was an

e-commerce company and I got scammed

during the launch of that company and

when I got scammed during the launch of

that company I was so frustrated because

I didn't grow up with financial

education I didn't grow up with people

telling me how to start a business or

with even support on starting a business

I had to go out and do it on myself I

felt a little helpless and because of

that and because of the scam that I went

through and I lost a few thousand I then

went out and created a class on Udi

called how to launch a business without

getting screwed over and I charged like

seven bucks for it but I did it under

the Alias minority mindset and I did it

under the Alias minority mindset because

the whole thinking was I had to think

differently than the majority of people

to go out and start a business well

slowly that transition to a social media

page slowly that transition to a YouTube

channel and slowly the definition of

minority mindset changed to really

thinking differently than the majority

people not just starting a business but

just thinking differently than the

majority of people whether it's with

their money whether it's with their life

whether was with their business and that

created now the minority mindset show

that we have today there's always

opportunity in Failure getting screwed

over sucks seeing a business fail sucks

losing money in investment sucks I have

been there more times than I can

count but each one of those things

create at least at the very least a

learning opportunity maybe even a

business opportunity but you have to be

able to find that opportunity and not

let that failure overcome you and make

you into a failure sometimes things go

wrong sometimes things fail sometimes

things suck I know that I've been

through it I've talked about a lot of

the things mistakes that I made on this

YouTube channel but you got to keep

getting back up habit number six is

ignoring the hate and this one is kind

of funny because when you go out and do

anything big whether it's you want to be

a singer you want to be an actor want to

be a YouTuber you want to start a

business doesn't matter you want to go

out and do something big even if it's

you just want to become wealthy and you

want to start making Financial

sacrifices you go through this

interesting curve of support in the

beginning everyone's going to say yeah I

love this idea get out of debt yeah go

become rich yeah go and start this

business yeah go out and live your

dreams and then when you start actually

living those dreams that support turns

into this kind of weird Envy SL jealousy

where people are going to say wait what

do you mean you don't want to come out

to the club with me on Friday what do

you mean you don't want to go to Cancun

with us like you planned what do you

mean we can't go out and have this fun

and activities like we thought what do

you mean you're not going to to spend

money the way that you were before and

now people start to look at you a little

bit differently when you start to spend

more and more time on your dreams and

then it becomes even more weird when you

start to see even more success because

then people start to kind of Wonder is

what you're doing actually worth the

time or not like maybe you're making a

little bit of money with what you're

doing maybe you're not making a

full-time income but you're still

putting in all this effort and

everyone's kind of questioning is it

really worth all the effort that you're

putting in is it really worth all that

time is it really worth all those

sacrifices and then you start to make

even more success

and this is where now you're starting to

become more wellknown you're seeing more

of the success you're kind of finally

starting to reap the rewards of all the

efforts that you put in and this is

where now you start to see a different

type of hate come out which is oh yeah

this person they got there because they

got lucky or they got there because of

the parents they got there because of

whatever reason as opposed to the hard

work that you put in and then as you

make even more success then you hear

people talking about oh yeah I supported

this person along the entire way so it's

kind of a weird journey of support and

Hate but what you have to remember is

the why why did you start what you did

and you have to be able to ignore the

hate because there's going to be hate in

so many different levels especially if

you want to go out and do something

public like starting a YouTube channel

or becoming a celebrity or becoming a

whatever an actor or a singer there are

so many different levels of hate that

you're going to have to go through which

is very interesting because well I see

it all the time on YouTube people will

hate you for the way that you look

people will hate you for the way that

you speak people will hate you for

liking walk people will hate you for

anything because well that's the people

on the internet do but you got to be

willing to ignore the hate because well

that's just a part of life and you got

to let the haters do their thing and you

just keep winning number seven is you

got to be willing to learn from other

people's mistakes and the reason why

this one is so important is because it

is valuable for you to learn from your

own mistakes and you can save a lot of

money by learning from your own mistakes

but if you can learn from other people's

mistakes this can 100x how much wealth

you can build because mistakes are a

part of life every single person makes

mistakes but if you can learn from other

people's mistakes you can really make

this this track to wealth or success or

whatever it is that you want to do so

much faster and so much easier because

you're learning from the mistakes that

other people made now how do you learn

from other people's mistakes learn from

them learn from people talk to people

read books take classes get coaching

learn from things that people have done

because that way you don't have to go

and create the wheel all over again you

can learn how the wheel was created and

then go out and build a car from that if

you can start learning from all the

people's mistakes you can Fast Track

everything that you're trying to do

number eight on the money side you got

to keep your money in your possession

especially in the early stages of your

wealth when you're trying to become

wealthy if all your money is going out

to look like you're rich on your nice

car on the nice clothes on the nice

shoes on the nice Lifestyle on the nice

watch it is going to be impossible for

you to become wealthy yourself because

all of your money keeps going out you

have to keep this money for yourself

that way you can use this money to

invest to build your savings to pay down

that debt in order for you to become

wealthy but that means you got to stop

spending money you got to stop letting

the money leave your bank account and

that means you got to keep the money in

your possession number nine is you got

to get into this mindset of delayed

gratification and this one is tough and

this one requires sacrifice and this

one's going to require a lot of belief

on your end but this means you have to

believe in whatever it is that you're

doing and you got to stick with the

system for long enough time now I know a

lot of you are investors I hope all of

you are investors but this is something

that will allow you to see so much more

success with their Investments because

the reason why so many people fail with

their Investments isn't that they bought

a bad investment although that can be

the case many times it's they don't have

the patience to hold on to the

investment for long enough to see the

success see Market crashes are part of a

system our economic system goes through

booms and busts but in order for you to

really see the wealth you have to be

able to hold on to that investment for

long enough like Warren Buffett built 90

to 95% of his wealth after his 65th

birthday because he kept letting his

money compound and grow and compound and

grow and compound and grow and so it

took decades he started in his teens to

really see the billions and billions and

billions start to compound and grow now

you got to remember he wasn't poor when

he was 65 he wasn't poor when he was 60

he was still wealthy beyond belief but

if you really want to let your wealth

compound and grow you got to have the

long-term mindset the delayed

gratification mindset that way you can

let all your efforts all your learnings

all your teachings all your money

compound grow and see that Compound

Effect number 10 you got to be willing

to take risks okay if you're not withing

to take risks whether it's with your

money whether it's with your time it is

going to be impossible for you to see

the gains you might see this is funny

you might be that person that went to

school that did everything right got the

good grades got the good scholarship got

the good degre agree but then you're

seeing that person that got the C's they

got the D's they got the B's go out and

make crazy amounts of money and live

this crazy lavish lifestyle and it might

make you angry you might wonder why you

did everything right well if somebody's

willing to take risks you have the

ability to earn more money now it's not

guaranteed but you have the ability more

risk more potential return potential is

the key word here doesn't guarantee it

but you got to be willing to take risks

if you want to see more potential upside

you might have to take a risk to quit

your job to make that business into a

multi-million dollar business you might

have to take risks with your money to

invest it in order to see that money

compound and grow you might have to take

risks with your time to learn something

new that way you can get a new career

these are risks that you have to be

willing to take but if you don't take

the risk well then the risk is you never

see those returns for yourself number 11

is you got to be willing to live a life

worth living I want to talk about this

is I talk primarily about finances here

because that's something that I've spent

a lot of time learning Financial

education but there's more to life than

just money you can have millions of

dollars in your bank account but if

you're obese if you are just unhealthy

physically if you're mentally unfit if

you're depressed if you're anxious if

you have no purpose in life you're

spiritually just lost it doesn't really

do you much good to have those millions

in your bank account and this is where

if you want to live a life worth living

I talk about how you need to have a fit

life you need to be physically fit

mentally fit spiritually fit and

financially fit all four of these

fitnesses together can allow you to

really live a life worth living and that

means investing in all four of these

things not just how to make more money

although that is important not just

investing your money although that is

important but also now how can you be

physically fit how can you be mentally

fit how can you live happy how can you

be spiritually fit how can you find your

sense of purpose and be fulfilled with

what you do that way you can live a full

life not just a life with a big bank

account number 12 don't be like

everybody else all right this is what

the minority mindset is all about if you

keep doing what everybody else does

you're going to end up like everybody

else and for the purposes of money

everybody else that means well the

majority of people are broke the

majority of people are unhappy and the

majority people are unfulfilled

statistically when I say the majority

people I mean more than 50% of people so

if you keep doing what everybody else

does you're going to end up just like

everybody else and this means now well

stop following what everybody else does

create your own path there's a great

book out there called the Blue Ocean

strategy it's more of a business book

talking about how when you're trying to

build a business stop just trying to

compete against all of the other

businesses go out and innovate go go out

and create something go out and build

something new but when you do that that

creates a whole new what they call Blue

Ocean a whole new opportunity a whole

new ocean of opportunity that nobody

else is competing in because you're

willing to think different you're

willing to do something different and

you're willing to take those risks and

if you want to see the most success you

can't just keep doing what everybody

else does if you keep just trying to

compete with everybody else by acting

like everybody else well you in bloody

Waters trying to compete but if you

start doing something different well now

you can stick out number 13 is

discipline discipline is all about now

how do you get up in the morning how are

you going to do things when things get

tough are you going to stick with your

work are you going to stick with your

business are you going to stick with

your Investments even when things get

tough this is that single factor that

can allow you to become more wealthy or

not just because you stick with it even

when things get tough because guess what

sometimes you're not going to want to

get up sometimes you're not going to

feel good sometimes you're just going to

want to lay in bed and sure if you're

really sick yeah but sometimes guess

what when things got to get done things

got to get done and we're living in a

culture today where that discipline is

kind of like a bad thing where you

shouldn't be forced to do something that

you don't want to do you shouldn't have

to do something where you don't want to

do it and all this other stuff the

reality is guess what when things got to

get done it's up to you to decide if

you're going to get it done or not and

if you have the discipline to get things

done well then you can get more out of

life which is what you want so you got

to be able to believe that you got to

create that discipline for yourself and

it starts with just getting up in the

morning and doing the things that you

got to do do when they got to get done

instead of just when you feel like doing

them that means not living in your

feelings number 14 is invest in yourself

this one is so valuable and this one is

tough especially in different stages of

your career and financial life I used to

be very against this I used to be very

against the idea of paying for education

why are these people on the internet

charging money for Education eventually

I was sold enough to go out and buy some

online education and some of this

education was really good good some of

it was not good but what I learned is

sometimes I will go out and spend $500

or $2,000 or $3,500 on this class and

sometimes I would make 10 times more of

that money back sometimes I would lose

all of that money but what I learned is

I was able to then start piecing these

little pieces of Education that I got

learning from other people and I could

use that education to build myself to

build my business to build the things

that I'm doing but I had to be willing

to take take that risk to invest in

myself now I'm not saying you got to go

out and spend thousands of dollars that

you don't have on online education okay

please don't misinterpret what I'm

saying if you don't have money start

with free content go listen to podcast

go listen to YouTube when you have a

little bit more money go out and start

reading books read as many books as

possible read biographies read books on

investing your money read books on money

management read books on building a

business read books on people management

read books on networking read books on

how you can grow yourself when you have

a little bit more money well now you can

consider inting in certain classes learn

how you can do different things

depending on what it is that you want to

do and how to build a business or grow

your income or invest your money and

then if you want to go even more

advanced that's when you can start

investing in potential coaching or

Consulting but you got to be willing to

invest in yourself if you don't have the

money to do that yet fine you can start

with the time when you have more money

then you can keep investing yourself but

you got to be willing to put this

investment back in yourself and I'm

focusing on the financial side that

might be an investing in yourself on the

physical side that might mean getting a

physical trainer getting a gym

membership investing in your nutrition

hiring a coach a nutrition coach maybe

even hiring a chef to get your diet

right there might be investing in

yourself on your mental health getting a

therapist getting some sort of life

coach getting some sort of other mental

therapy to help you live a happier life

that might be investing in your

spiritual self investing in finding good

purpose there's a lot of different ways

to do this but you got to be willing to

invest in yourself because guess what

this body that you have this mind that

you have is the only one that you're

going to get and you got to be making

sure that you're investing in this body

and mind that you have number 15

so you got to have faith in you okay

look none of us are going to make it out

of this life alive anyways so you might

as well have faith in you okay what do

you got to lose and this is where

understanding look everybody else can be

doubters of you everybody else can hate

but listen you have the potential to

succeed and if you do all the other 14

things well now you're really increasing

your chances to succeed but you got to

be willing to put in the work and

believe in you and sometimes it requires

dumb belief because everybody else is

not believing you you when I decided I

wanted to start a business I wanted to

be an entrepreneur I didn't have a lot

of people supporting me okay for lack of

a better explanation I grew up in a

traditional Indian house where I was

given two options as a kid if I wanted

to become successful I could either go

out and become a doctor or I would be a

failure there was nothing in the middle

and when I realized that I wanted to be

an entrepreneur I wanted to go and start

a business and do all these things my

parents did not understand what they

meant and so this created a lot of

arguments a lot of fights in my family

like my parents could not believe that I

was not going to be a doctor my mom was

not doing well she did not take it very

well and that's where I went out and

became an attorney because that was a

compromise that I made with my parents

because in my parents SI what they told

me was essentially if I don't at least

go out and become an attorney then I

won't keep any pride in the family so

that created a little bit of pressure I

went out I went to law school I

continued working on my entrepreneurial

Ventures I got my law degree I became a

JD and I never worked today as an

attorney but you got to be willing to

believe in yourself okay it's hard it's

tough but you got to keep believing in

yourself and sometimes you're not going

to be able to sleep at night you're

going to have these thoughts running in

your mind you're not going to be able to

get that rest but listen you got to be

willing to put in the work work on the

other 14 things because these other 14

things are going to help you succeed

which is why you got to be able to

believe in yourself because if nobody

else does at least you do and you got to

keep putting in the work even if it's

late even if it's weekends even if

nobody else believes in you that way you

can have the things that you want

because this is the only shot that you

have in life 10 years from now 10 years

are going to go by and you're going to

wish you would have started 10 years ago

I don't care how old you are today

whether you're 25 35 or 55 or 65 when

those 10 years go by you're going to

wish you would have started 10 years ago

so you might as well start whatever it

is that you want to do today but you got

to believe that you can do it for

yourself all right those are the 15

habits that wealthy people have adopted

and with that I'll see you in the next

one you get to pay a lower tax rate on

those taxes as an investor and maybe you

get more tax breaks as a doctor you

might have to pay half of that money in

taxes which means you might be left with

$500,000 as an investor you might be

paying 20% to 0% of the income in taxes

depending on how you invested your money

and what types of Investments you have