3 Things You Should Avoid If You Want to Be Rich

Iman Gadzhi
14 Mar 202312:04

Summary

TLDRIn this motivational video, the speaker reveals three crucial habits to give up if you want to become truly successful and wealthy. The first is drinking, which clouds your judgment and ruins your health, making it harder to stay focused. The second is distractions from women; your 20s should be about personal growth, not dating. Finally, stop trying to keep up appearances with flashy possessions or extravagant lifestyles that you can't afford. By eliminating these distractions, you’ll build a solid foundation for financial success and long-term wealth.

Takeaways

  • 😀 Stop drinking if you want to get rich. Alcohol clouds your judgment, ruins sleep, and impacts decision-making. Sobriety can give you a competitive advantage in the marketplace.
  • 😀 Focus on building a strong body and solid finances in your 20s. These are the foundations that will set you up for success later in life.
  • 😀 Your 20s are for personal growth, not for pursuing serious relationships. Spend time working on yourself, your business, and your health, so you can attract the right partner later.
  • 😀 Quitting drinking helped the speaker achieve financial success. Sobriety led to a clearer mind, increased productivity, and eventually, millions in earnings.
  • 😀 You don't need to be smart or highly talented to succeed—giving up distractions like drinking and chasing women will already put you ahead of others.
  • 😀 Your prime years for attracting high-value women are from 28 to 38. Invest in yourself during your 20s and become the man you want to be before focusing on relationships.
  • 😀 Stop trying to keep up appearances with flashy cars, expensive brands, or luxury trips if you can't afford them. Real wealth is about saving and investing, not spending to impress others.
  • 😀 Keeping up appearances can trap you in a cycle of financial insecurity. Stop buying things just to impress people you don’t even care about.
  • 😀 Once you achieve financial success, you can enjoy the fruits of your labor, but always be mindful of maintaining a healthy balance between lifestyle upgrades and financial discipline.
  • 😀 The journey to wealth is a long-term process. It requires defense as much as offense—protect your resources, make smart choices, and don’t get distracted by temporary pleasures.
  • 😀 Real wealth isn’t about how much you can spend, but how much you save, invest, and grow over time. Avoid the trap of spending money just to look rich, and instead focus on building lasting wealth.

Q & A

  • What are the three things that you need to give up in order to become rich, according to the video?

    -The three things to give up are drinking alcohol, focusing on women (in terms of serious dating), and keeping up appearances by spending money on unnecessary luxuries.

  • Why does the speaker recommend giving up drinking until you make your first million?

    -The speaker argues that drinking negatively impacts your cognitive function, decision-making, and health. It can also interfere with both physical fitness and financial success, which are essential in the early stages of building wealth.

  • How does drinking affect your financial and physical health?

    -Drinking alcohol not only drains money but also affects sleep, focus, and emotional stability. These negative effects can hinder personal and financial growth, making it difficult to achieve long-term success.

  • How did the speaker's personal experience with alcohol impact his journey to success?

    -The speaker shares that after a pivotal moment where he realized the negative effects of alcohol, he stopped drinking and focused on building his business. This change contributed to his rapid financial success, earning his first million dollars within two years.

  • Why should men prioritize self-development over dating in their early 20s?

    -The speaker advises men to focus on their personal growth, including building their finances, physical health, and skills, rather than engaging in serious dating. The argument is that by doing so, men can become high-value individuals, making them more attractive later in life.

  • What is the 'glory years' of a man's life according to the speaker, and why is this significant?

    -The speaker defines a man's 'glory years' as the period between 28 and 38, when men are typically more successful, stable, and attractive to women. This is why the speaker recommends that men focus on self-improvement in their early years to become the best version of themselves.

  • What is the issue with keeping up appearances, and why should it be avoided?

    -Keeping up appearances involves spending money on things you can't afford, like luxury goods or experiences, to impress others. The speaker warns that this behavior can lead to financial instability, a sense of insecurity, and a shallow existence. True wealth should be built on discipline, not on external validation.

  • How can the desire to keep up appearances be detrimental to long-term wealth?

    -Spending money to maintain an image can prevent you from saving, investing, and managing your finances effectively. It encourages a cycle of debt and financial stress, making it harder to achieve true wealth and stability.

  • What does the speaker mean by 'comfortable with your wealth'?

    -Being comfortable with your wealth means reaching a point where you no longer feel the need to flaunt it or impress others. You are secure in your financial position, and your spending choices reflect your personal preferences rather than societal pressures.

  • Why does the speaker mention that the journey to success takes at least 10 years?

    -The speaker emphasizes that achieving lasting wealth is a long-term journey that requires consistent effort and discipline over the course of at least a decade. Success doesn't happen overnight, and it's important to remain focused and committed to the process.

Outlines

plate

This section is available to paid users only. Please upgrade to access this part.

Upgrade Now

Mindmap

plate

This section is available to paid users only. Please upgrade to access this part.

Upgrade Now

Keywords

plate

This section is available to paid users only. Please upgrade to access this part.

Upgrade Now

Highlights

plate

This section is available to paid users only. Please upgrade to access this part.

Upgrade Now

Transcripts

plate

This section is available to paid users only. Please upgrade to access this part.

Upgrade Now
Rate This

5.0 / 5 (0 votes)

Related Tags
Financial SuccessWealth BuildingPersonal GrowthSelf-DisciplineMotivationalSuccess MindsetBusiness TipsEntrepreneurshipFocusLife GoalsHealthy Habits