Why You’ll WASTE The Next 3 Years…

Summary

The video script emphasizes the importance of long-term thinking and planning in one's career and life goals. It suggests that dedicating a few years to learning a new skill, such as coding or data science, can lead to significant career advancements and financial benefits. The speaker encourages viewers to invest time in acquiring hard technical skills, which can provide a strong foundation for a variety of opportunities in the technology sector. They also highlight the potential of AI to open new doors rather than being a threat. The message is to avoid short-term thinking and instead create a detailed plan with specific steps to achieve one's goals, considering the bigger picture and being prepared for the journey ahead.

Takeaways

• 🎯 **Long-Term Vision**: It's crucial to have a long-term vision and make decisions that will benefit you in the long run rather than seeking immediate gratification.
• 🚀 **Career Shift**: Making a significant career change, such as learning to code or pursuing a new passion, can lead to personal fulfillment and financial growth.
• 📚 **Invest in Learning**: Spending time learning and acquiring new skills, even if it means sacrifices, can pay off significantly in the future.
• 💼 **Marketability**: Gaining marketable skills can make you more valuable in the job market and open up opportunities for higher salaries.
• 🕒 **Time Management**: Recognize that three years is a short period in a career span and can be used effectively for skill development and career advancement.
• 🚫 **Avoid Procrastination**: Don't waste time on unproductive activities; instead, focus on creating a plan of action to achieve your goals.
• 📈 **Compound Growth**: The earlier you start investing in yourself through learning and experience, the greater the compound effect on your career and income.
• 💡 **Opportunities in Tech**: Embrace the growth of AI and technology as opportunities rather than threats, and consider a career in these fields.
• 🧠 **Problem-Solving Skills**: Focus on developing skills that are harder to automate, such as problem-solving and decision-making, to future-proof your career.
• 🌟 **Personal Brand**: Building a personal brand through platforms like YouTube or blogging can open up new career opportunities and revenue streams.
• 📈 **Financial Leap**: A significant effort in learning and skill development can lead to a substantial increase in salary and financial stability.

Q & A

What is the age range considered for prime working years in the transcript?

The prime working years are considered to be from 20 to 50 years old, which is a span of 30 years.

At what age does the speaker suggest someone might decide to change careers?

The speaker suggests that someone might decide to change careers at the age of 25.

What does the speaker recommend dedicating time to for a career shift?

The speaker recommends dedicating 3 years of learning, sacrifice, and study for a career shift.

How does the speaker describe the potential outcome of spending 3 years learning a new skill?

The speaker describes that after 3 years of learning a new skill, one can become very marketable, gain real-world experience, and potentially triple their salary.

What does the speaker criticize people for doing instead of creating a plan for their life?

The speaker criticizes people for wanting quick results, complaining about problems, leaving critical comments, and jumping around to different tutorials without taking action.

What is the book title mentioned in the transcript that talks about wasting time with short-term thinking?

The book title mentioned is 'The Almanack of Naval Ravikant'.

How does the speaker describe the approach of Warren Buffett towards decision-making?

The speaker describes Warren Buffett's approach as spending a year deciding and a day acting, with that action having a lasting impact that can last decades.

What is the main point the speaker is trying to convey about the perception of time and effort?

The speaker is trying to convey that people often view 3 years as a long time filled with missed opportunities, but without a plan and action, those years pass without significant improvement.

What does the speaker suggest as an alternative to climbing the corporate ladder over decades?

The speaker suggests learning a hard technical skill that can lead to a significant financial gain and career advancement in a shorter period of time.

How does the speaker view the rise of AI and technology?

The speaker views the rise of AI and technology as a source of new opportunities rather than a threat.

What advice does the speaker give to someone who feels it's too late or too hard to change their career path?

The speaker advises not to focus on the perceived difficulty or lateness, but to recognize the endless opportunities available and to learn foundational skills that can't be automated.

What does the speaker emphasize as the key skills to focus on when learning a new field?

The speaker emphasizes the importance of learning to solve problems, make decisions, and convey ideas well, as these are harder skills to automate.

Outlines

00:00

🚀 Career Shift and Long-Term Investment

The first paragraph emphasizes the importance of long-term thinking and investment in oneself. It discusses the concept of prime working years and how dedicating three years to learning a new skill, such as coding or data science, can lead to a significant career change and increased earning potential. The speaker shares personal experience, highlighting how a mid-career switch to a technical field can be challenging but rewarding. The narrative encourages viewers to avoid short-term distractions and instead focus on building a solid foundation for a successful and fulfilling career.

05:00

📈 Planning for Success and Overcoming Short-Sightedness

The second paragraph focuses on the need for planning and patience when pursuing life goals. It contrasts the idea of quick fixes with the reality that meaningful achievements require time and effort. The speaker advises viewers to create a clear plan with specific steps to reach their goals and to consider the bigger picture when planning their career. The paragraph also addresses common objections, such as economic hardship or the perception of limited opportunities, by emphasizing the endless possibilities available with the right mindset and skills. The speaker concludes by encouraging viewers to invest in learning foundational skills that are less susceptible to automation and to adapt to the changing job market.

Keywords

💡Shortsighted

Shortsighted refers to having a narrow perspective or vision, focusing only on immediate concerns rather than long-term goals or consequences. In the video, it is used to describe the tendency of people to focus on quick results and immediate gratification instead of investing time and effort into meaningful career changes or skill development.

💡Career Shift

A career shift is a significant change in one's professional path, often involving a transition from one field to another. The video emphasizes the importance of making a career shift to pursue a more fulfilling and financially rewarding job, such as moving into coding, data science, or starting a YouTube channel based on one's personality.

💡Learning Sacrifice

Learning sacrifice involves giving up certain activities or conveniences in order to dedicate more time and effort to learning a new skill or subject. The video script mentions the need to cancel plans and trips, and to work late nights, as part of the sacrifice made during the three-year learning period to gain new skills and become marketable.

💡Marketable Skills

Marketable skills are abilities or knowledge that are in demand in the job market and can lead to employment opportunities. The video discusses the acquisition of marketable skills through learning to code, building projects, and gaining real-world experience as a means to secure a well-paying job and improve one's financial situation.

💡Quick Results

Quick results refer to the desire for immediate outcomes or achievements without the necessary investment of time and effort. The video contrasts the pursuit of quick results with the value of long-term planning and dedication, arguing that the latter leads to more substantial and lasting benefits.

💡Unproductive Time

Unproductive time is a period during which little to no progress is made towards one's goals. The video script warns against spending years in a state of inaction, such as leaving critical YouTube comments or jumping between tutorials without a clear plan, which results in wasted time and no significant improvement in one's life or career.

💡Long-term Thinking

Long-term thinking involves planning and considering the future consequences of one's actions. The video encourages viewers to adopt a long-term perspective, emphasizing that decisions and efforts made today can have a lasting impact on one's life for years to come.

💡Technical Skill

A technical skill is a specific ability in a specialized area, often requiring training and knowledge. The video highlights the importance of learning a hard technical skill, such as programming, as a means to improve one's financial brand and open up new opportunities, especially in the growing field of AI and technology.

💡Problem Solving

Problem solving is the process of finding solutions to difficulties or challenges. The video script suggests that, in addition to learning programming, developing problem-solving skills is crucial for adapting to industry changes and for being less susceptible to automation.

💡Game Plan

A game plan is a strategic approach or plan of action designed to achieve specific goals. The video stresses the need for creating a game plan for one's life and career, outlining specific steps to guide progress towards desired outcomes, rather than allowing time to pass without making significant improvements.

💡Big Picture

The big picture refers to the overall situation or the broader context beyond immediate details. The video encourages viewers to spend more time considering the big picture when planning their careers and life goals, rather than getting caught up in short-term concerns or immediate states.

Highlights

The importance of long-term vision over short-term thinking in career development.

The potential of dedicating three years to learning a new skill, such as coding, to significantly improve one's career prospects.

The benefits of making a life-changing career decision in one's 20s, which can lead to a higher salary and increased job satisfaction.

The necessity of sacrifices, such as canceling plans and studying late nights, to achieve career goals.

The concept that gaining marketable skills can be achieved within a short period, but it requires focused effort and commitment.

The contrast between investing time in learning and the consequences of spending the same time on unproductive activities.

The wisdom of Warren Buffett's approach to decision-making, where he spends a year deciding and a day acting, with the impact lasting decades.

The transformative power of learning to code and its potential to triple one's salary, as experienced by the speaker.

The idea that a career transition can be made at any age, as demonstrated by the speaker's shift at 34 years old.

The misconception that a corporate ladder climb is the only path to success, versus acquiring a technical skill for a new financial brand.

The opportunities presented by the growth of AI, which the speaker views as a chance for new doors to open in technology fields.

The importance of choosing a path and becoming the best in that field, rather than focusing on immediate job board opportunities.

The value of learning foundational skills that can't be automated, which provides a safeguard against AI taking over jobs.

The need to create a game plan for life goals and to take action on it, rather than letting time pass without making significant progress.

The speaker's personal story of career transition and the hard work involved, which can be found in a linked video.

The encouragement for viewers to take a long-term approach and to not be discouraged by the perception of time passing by.

The emphasis on planning and setting specific steps to achieve one's goals, and the importance of considering the big picture.

Transcripts

most of us live so shortsighted let's

say you have your Prime working years

from say 20 to 50 that's 30 years and at

25 years old you fall in love with

coding or data science or machine

learning or building a YouTube channel

based around your personality or a blog

or really anything maybe going back to

school for a PhD and you decide that

you're going to do what it takes to

shift careers and leave a job you hate

it's a big life decision but it's one

that will greatly benefit you in the

long run so you a lot three years of

learning sacrifice and study you have to

cancel plans and cancel trips maybe time

with friends late nights to make it work

and you do it you spend 3 years learning

to code building projects Making

Connections getting certifications maybe

internships and then after 3 years

you've gained the skills to become very

marketable you know your algorithms

you've picked up Real World experience

and you land the job well guess what at

that point you're still under 30 in fact

you're just 28 years old it only took 3

years out of your 30-year window but now

you're making three the salary and you

have the Baseline by which to increase

that from here on out now instead of

doing something like this we want quick

results we don't want to spend 3 years

doing anything we want to complain about

the problems we have about the economy

we don't create any plan of action we

spend our time leaving critical YouTube

comments jumping around to different

tutorials criticizing others and guess

what 3 years passes You by 3 years of

completely unproductive and wasted

effort now you've spent 3 years out of

the 30 but you're in the same spot that

you were before there's 3 years years to

change your life three out of 30

remember or 3 years wasted still at the

starting point if you've ever read this

really helpful book The Almanac of Novel

riant there's a quote in it that says we

waste our time with short-term thinking

and busy work Warren Buffett spends a

year deciding in a day acting that act

lasts decades or in a case 3 years of

hard work and then a day of life

changing action changing careers

changing your life increasing your

salary and that change has a lasting

impact on your life for years and

decades to come when I learned a code

over 7 years ago yes it was easier but

it was still hard for a person with no

technical background outside of being

good at computers after 10 years at a

job paying me a Max of $37,000 a year I

woke up I put in the work and was able

to instantly triple that as a result

immediately and that set a baseline

salary that all subsequent jobs would

have to match or increase for me to take

the role now it took me about 6 months

of hard work then I would say it's more

like a year of hard work now but I

started at 34 and I was still 34 when I

made the transition I actually have a

video on that story I link to it above

make some coffee one day take a drive I

think you'll find it encouraging but my

point is is that we see 3 years as this

long drawn out period of time we think

of it in terms of all the things we miss

out on in that period of time but I'm

here to say that if you don't create a

game plan for what you want in life and

put it into action those three years

will pass without having made any

significant Improvement in your your

position people work decades moving up

the corporate ladder and then when

they're 50 they finally become a manager

or have taken some significant step that

they're happy about in all those many

years of hard work has paid off they're

so thankful and they celebrate but I'm

here to say that that's a foolish way of

thinking for many and I say that because

we don't really live in that period of

time where you can keep a job for that

long but instead of increasing your pay

by a th000 a year for 30 years take some

time and learn a hard technical skill

that will put you in a new Financial

brand especially with this growth of AI

many see this as a threat I see it as a

bunch of new opportunities not just in

coding or software development or

engineering but many new doors opening

in the broad scope of Technology choose

a path and become the best added but

Travis the economy is hard now it's too

late it's too much work the chances are

slim I can barely pay my bills I hear

you but I respond in that the

opportunities are actually endless you

won't land a Fang job you probably won't

hit six figur years in your first job

you'll have lots of rejections and

frustrations but you could land a job at

the local College IT department or the

local Factory or a small web agency or a

freelancing role or perhaps you carve

out your own path with some app that you

build or a YouTube channel that you grow

or whatever we all look to the same job

boards but that's like 1% of the

opportunity in the world especially with

the world at their fingertips or

literally in their pockets take time to

learn the foundations that allow you to

do a vast number of things in a

particular particular field what if in

addition to learning programming you

learned how computers work and sharpened

up your math skills and then applied

those to how programming actually works

in doing so you're not just a JavaScript

developer or a python developer but a

technician who can shift around as the

industry changes and evolves learning

the actual programming is easy learning

to solve problems making decisions and

conveying ideas well those are harder

but if you spend additional time on

these skills skills that can't be

automated then who really cares about AI

taking over you're able to pick up

whatever you need along the way and say

it takes 3 years again if you're 30 and

it takes 3 years you're only 33 when

you've achieved what you want now I'm

not saying you need to do this I'm not

saying it will take exactly 3 years but

I am saying stop living so shortsighted

expecting things to happen so quickly

without putting in the hard work or

taking the time needed to do it first

make a plan what do you want second how

do you get there you need to create very

specific steps that you can stick to

that progressively guide you to your

goal and third how long will it take you

to get there this is the step where you

need to actually zoom out and look at

the big picture spend more time in the

big picture than the immediate State

you're in when it comes to career

planning in life goals I'll leave some

resources below that may help you out

but if you found this video helpful give

it a thumbs up if you haven't subscribed

consider doing so and I'll see you guys

in the next video