5 Money Principles that will make anyone RICH in their 20s

Summary

The speaker shares five key lessons for becoming a millionaire in your 20s. The first lesson is to diversify your money-making methods, as there are many simple ways to earn. Second, personal development is crucial, as business problems often stem from personal issues. Third, investing should be approached wisely, focusing on self-improvement over risky ventures. Fourth, it's essential to break free from distractions and bad habits. Lastly, make a heartfelt promise to someone you love, which will motivate you to achieve your goals. The speaker emphasizes the importance of personal growth and strategic action over mere investment to achieve financial success at a young age.

Takeaways

• 💼 Diversify Money-Making Methods: The speaker emphasizes the importance of trying different ways to make money, as there isn't just one path to becoming a millionaire.
• 🔍 Identify Simple and Effective Methods: Among many ways to make money, find those that are simple yet effective, rather than unnecessarily difficult.
• 🔄 Be Open to Change: Recognize that not every money-making method will work for everyone, and it's crucial to adapt and find what works best for you.
• 💰 Start Small, Dream Big: Before making a million, start by making smaller milestones like $1,000, then $10,000, and so on, building up to larger goals.
• 📈 Digital Launchpad Opportunity: The speaker introduces Digital Launchpad as a tool to help anyone make their first $1,000 online, with a low-cost entry point.
• 🔑 Personal Problems Affect Business: Often, business struggles are a reflection of personal issues, and addressing these can lead to business success.
• 🤔 Self-Reflection and Responsibility: Taking full responsibility for one's actions and reflecting on personal habits can lead to breakthroughs in business.
• 💡 Prioritize Skill Development: Investing in yourself and acquiring new skills is more beneficial than investing in financial markets when starting with a small amount of capital.
• 🚫 Let Go of Distractions: To achieve success, it's necessary to eliminate anything that doesn't serve your goals, such as bad habits or unproductive activities.
• 🗣️ Make a Promise: Making a significant promise to someone you love can be a powerful motivator to achieve your financial and personal goals.
• 🔄 Continuous Improvement: The speaker's story illustrates the importance of continuous self-improvement and the willingness to change personal habits for business success.

Q & A

What is the main message of the video script about becoming a millionaire in your 20s?

The main message is that becoming a millionaire in your 20s is not just about accumulating wealth, but also about personal growth and development. It emphasizes the importance of trying different ways to make money, recognizing personal problems that may manifest in business, investing in oneself, letting go of things that hold you back, and making a significant promise to someone you love.

Why did the speaker make their first million dollars at the age of 18?

The speaker implies that their success at such a young age was due to their realization that there are many ways to make money and their willingness to try different methods, as well as their personal development and learning.

What is one of the biggest mistakes people make when trying to make money, according to the speaker?

One of the biggest mistakes is trying to force a single money-making method and not being open to trying different approaches that may work better for the individual.

What does the speaker suggest as an initial step towards making money online?

The speaker suggests earning the first $1,000 online as an initial step, which can be achieved through various methods and is the foundation for building up to larger sums.

What is the Digital Launchpad and how much does it cost?

Digital Launchpad is a system designed to help anyone make their first $1,000 online. It offers three different pathways taught by experts and four bonus programs. The cost is $37 a month or $74 cents per day with a yearly plan that includes a 40% discount.

How does the speaker define 'personal problems manifesting in business'?

The speaker defines it as issues within oneself, such as lack of understanding of the market or ineffective offers, that are reflected in one's business performance rather than external factors like the business model or niche.

What personal changes did the speaker make to improve their business performance?

The speaker made several changes, including not checking their phone for the first 4 to 5 hours of the day, working out in the morning, and creating systems to maintain focus and health, which they found directly correlated with business success.

Why does the speaker advise against relying solely on investing to become rich?

The speaker advises against it because when starting with a small amount of money, the potential returns from investing are not significant enough to make a substantial difference. They also highlight the importance of knowing how to earn money back if lost through investment.

What is the speaker's stance on investing in oneself?

The speaker strongly advocates for investing in oneself by acquiring skills and knowledge that can increase one's value in the marketplace and lead to higher earnings.

What is the significance of making a promise to someone you love, as mentioned in the script?

Making a promise to someone you love is significant because it creates a deep sense of responsibility and motivation to achieve one's goals, serving as a powerful driving force for success.

What does the speaker suggest as the first step to breaking shackles and letting go of things that hold you back?

The speaker suggests a thought experiment where one imagines getting rid of everything not serving them, and then taking action by deleting apps, selling consoles, cutting off bad influences, and discarding unhealthy habits.

Outlines

00:00

💼 Embracing Diverse Money-Making Methods

The speaker emphasizes the importance of not being afraid to explore various ways to generate income. They share their personal experience of making their first million at 18 and stress that while there are numerous ways to make a million dollars, most are unnecessarily complex. The speaker encourages trying different methods and acquiring various skills to find what works best for the individual. They introduce 'Digital Launchpad,' a platform offering multiple pathways to make the first $1,000 online, taught by experts, and highlight its affordability and the potential for personal growth and financial success.

05:00

🔍 Identifying Personal Problems as Business Barriers

This paragraph delves into the concept that business issues are often personal problems in disguise. The speaker illustrates this by sharing their own journey, where they initially blamed external factors for their business struggles. After a self-realization, they took full responsibility for their actions and saw significant improvements in their business performance. The advice is to identify and address personal habits and beliefs that may be hindering business growth, focusing on self-improvement to achieve financial success.

10:01

💸 Investing in Self-Growth Over Financial Investments

The speaker refutes the idea that one can invest their way to riches, especially when starting with a small amount of capital. They argue that the best investment one can make is in oneself, by acquiring skills and knowledge that increase earning potential. The speaker shares their regret of not investing in personal development earlier and suggests that even a modest investment in learning can yield significant returns over time. They caution against the risks of investing in volatile markets without the ability to earn back the money and emphasize the importance of self-education and skill development.

🔗 Letting Go of Distractions and Committing to Success

In this paragraph, the speaker discusses the importance of eliminating distractions and anything that does not contribute to one's success. They suggest a thought experiment where one imagines a life devoid of hindrances, leading to a more focused and successful existence. The speaker encourages taking decisive action to remove unproductive habits, friendships, and activities, and to make a clean break from anything that holds one back from achieving their goals.

🏠 The Power of Making a Promise to a Loved One

The final lesson shared by the speaker is about the power of commitment through making a promise to someone you love. Drawing from their personal experience, the speaker recounts promising their mother a dream house and a Range Rover, which they fulfilled years later. This promise, they explain, was not just to their mother but also to themselves, serving as a driving force for success. The speaker suggests that making such a promise can provide the motivation and determination needed to achieve significant life goals.

Keywords

💡Millionaire

A millionaire is an individual with a net worth of at least one million units of a currency, typically dollars. In the context of the video, becoming a millionaire in one's 20s is presented as an attainable goal that requires specific strategies and personal development. The video emphasizes that becoming a millionaire is not just about accumulating wealth but also about evolving as a person, as illustrated by the speaker's own journey of making their first million at 18.

💡Different ways to make money

This concept refers to the multitude of methods and opportunities available for earning money. The video suggests that while there are countless ways to make a million dollars, many are unnecessarily difficult. The speaker encourages viewers to explore various methods and find what works best for them, rather than sticking to one method that may not be suitable. This concept is integral to the video's theme of personal growth and financial success.

💡Digital Launchpad

Digital Launchpad is a system or platform mentioned in the script that aims to help individuals make their first $1,000 online. It is offered for a monthly fee and provides access to various pathways and bonus programs designed to teach money-making skills. The video positions Digital Launchpad as a practical tool for beginners to start their journey towards financial independence.

💡Personal problems

In the video, personal problems refer to the internal challenges or habits that manifest in one's business or financial endeavors. The speaker explains that issues in business often stem from personal beliefs or habits, such as lack of focus or understanding of the market. The video encourages self-reflection and personal development to overcome these obstacles and achieve financial success.

💡Investing

Investing, in the context of the video, is the act of putting money into financial assets with the expectation of generating income or profit. The speaker advises against relying solely on investing to become wealthy, especially when starting with a small amount. Instead, the focus should be on earning money and then wisely investing a portion of it, such as into the S&P 500 or other assets, as a means to grow wealth over time.

💡Self-investment

Self-investment is the concept of spending money and time to improve one's skills and knowledge, which can lead to increased earning potential. The video emphasizes that investing in oneself, such as attending seminars or learning to code, is a more reliable path to wealth than hoping for high returns from financial investments alone. The speaker uses the example of investing in education to highlight the long-term benefits of self-improvement.

💡Breaking shackles

Breaking shackles metaphorically refers to letting go of habits, activities, or relationships that hinder personal growth and success. The video challenges viewers to eliminate anything not contributing to their success, such as deleting distracting apps, selling gaming consoles, or cutting off negative influences. This concept is tied to the video's theme of personal transformation as a precursor to financial success.

💡Promise

A promise, in this video, is a commitment made to someone the individual deeply cares about, which serves as a powerful motivator for achieving goals. The speaker shares a personal story of promising to buy their mother a dream house and a Range Rover, which became a driving force behind their financial success. The video suggests that making such a promise can provide the determination and sense of purpose needed to become a millionaire.

💡Inner state

Inner state refers to a person's mental and emotional condition, which the video suggests plays a crucial role in achieving success. The speaker argues that one must ensure their inner state is conducive to success by identifying and eliminating personal problems that could manifest in their business. The concept is linked to the video's overarching message that personal development is as important as financial strategies in becoming a millionaire.

💡Risk to reward

Risk to reward is a concept used to evaluate the potential gains against the potential losses in an investment. The video explains that when starting with a small amount, the risk of loss is high, and the potential rewards from investing are relatively low. The speaker advises that the focus should be on earning money first and then investing wisely, considering the risk to reward ratio.

Highlights

Becoming a millionaire in your 20s can unlock a level of life you didn't know existed.

There are a million ways to make a million dollars, but most are unnecessarily difficult.

It's important to try making money in different ways and find what works best for you.

Before making your first million, you need to earn your first $100,000, then work your way down to $1,000.

Digital Launchpad offers a system to help anyone make their first $1,000 online for as low as $37 a month.

Your business problems are often personal problems manifesting in your business.

Taking full responsibility for everything in your life can lead to significant progress in your business.

Investing in yourself and improving your skills is more valuable than trying to invest your way to riches.

You should never invest more than you're willing to lose, especially when starting out.

Investing a fraction of your money into improving your skills can have limitless returns.

Breaking the shackles and letting go of everything that's holding you back is crucial for success.

Making a promise to someone you love can be a powerful motivator to achieve your goals.

The promise to someone you love should also be a promise to yourself to achieve what you set out to do.

Letting go of distractions like TikTok, video games, and bad influences can propel you to the next level.

Creating systems to ensure you're always on top of your game is essential for business success.

There's no such thing as wasted money when you're investing in yourself and self-education.

Transcripts

so you want to become a millionaire in

your 20s well these are the five lessons

that when implemented will not only put

you on the path towards becoming a

millionaire but also allow you to level

up as a person you see it's one thing to

become rich later in life but becoming

rich in your teens and even 20s will

unlock a level to life that you didn't

even know existed and that's not simply

because of the money but because of the

person you need to become to earn that

money I mean take it from me I made my

first million dollar in profit at the

age of 18 and honestly the biggest

lesson I've learned in the last few

years is that there are truly a million

ways to make a million dollar and that

is why the first lesson is don't be

afraid to try making money in different

ways now I told you that there are a

million ways to make a million dollars

and that is true but it's not the whole

truth you see about 9

999,000 of those are unnecessarily

difficult maybe even more than that yet

there are more than enough ways to make

money that although may not be easy are

very very very simple now I've made

millions of dollars through half a dozen

ways and having been in the space for 10

years now I've seen so many different

things work for different people one of

the biggest mistakes people make is

trying to force their way with one

money-making method and that's not to

say that you don't need consistency in

and tenacity when it comes to making

money but you sometimes also need to

realize that not every method will work

for every person and sometimes it's

better to Simply figure out what works

best for you rather than keep hitting

your head against the wall trying to do

a method that maybe works for someone

else and that's why I keep saying don't

be afraid to make money in many

different ways try different things

acquire different skills and eventually

put many different skills together why

do you think I keep telling you just to

put one foot forward in front of the

other it's because at your stage you

need to always be doing and always be

learning and before being able to earn

your first million do you need to earn

your first $100,000 and before your

first $100,000 you need to earn your

first $110,000 and earning your first

$10,000 all starts with earning your

first $1,000 online and if you thought

there were many ways to make a million

there are even more ways to make a

thousand and that's why I've distilled

it to its Most B basic element so much

so that I've set out to prove that

anyone can make their $1,000 online with

this system and to prove exactly that

I've launched digital Launchpad for just

$37 a month or 74 cents per day if you

go for the yearly plan and get a 40%

discount you will get access to

everything you need to make your first

,000 you're immediately going to have

three different Pathways taught by three

different experts and you're also going

to unlock in an extra four bonus

programs and additionally for the rest

of this year we are launching one

additional program every single month

that's going to teach you either how to

make money online Network better train

better dress better invest better as I

said for only 74 cents a day if you go

for the yearly plan this is the best way

to make money online Bar None So for the

price of lunch every single month you

can get access to the most fail prooof

protocol when it comes to making money

online and when I say anyone can make

money with this I mean anyone because

that's exactly what 20,000 students who

have joined this year have proved so now

that you've learned the first lesson

which is there are a million ways to

make a million dollars the next lesson

you need to internalize if you want to

become a millionaire in your 20s is that

you don't actually have business

problems you have personal problems

manifesting in your business and let me

explain what I mean you see a lot of the

times especially earlier on in your

career people struggle to get to the

next level and when they struggle they

look for reasons except there aren't

really any reasons they're just

scapegoats oh the business model doesn't

scale oh my Niche doesn't work oh there

just aren't any good products whatever

they say the problem is it usually isn't

instead the problem is much more Dee

rooted because the problem is with

themselves and I know what that's like

because I had this in the beginning you

know it's funny when I was first gang

started in business I thought that my

young age had something to do with the

fact that I was struggling and then I

had to have a very sober conversation

with myself and realized that it wasn't

my age that was just an excuse I was

making it was the fact that I did not

understand my market well enough I did

not understand how to put together a

good offer so whether that be a good

service or a good product at the time I

had a service based business and it's so

funny cuz one day I woke up and I

decided I am going to take full

responsibility for everything that's

happening in my life and when that

happened 90 days later I was making

$115,000 a month profit at the age of 17

it's very funny how that works isn't it

because 90 days prior I thought it was

all my age but 90 days later it seemed

like it was no problem at all it's not

like all of a sudden I grew that much

you know my face aged nothing no it was

all in my head it was simply a personal

problem or a personal belief or a

personal worldview that was manifesting

in the business and that's why I knew I

had to change my own ways in order to

progress in my business and that was

just one example there was many other

examples I knew I had to change my own

ways in order to progress in my business

and so I'll give you a few more examples

to illustrate this point for 1 I knew I

wouldn't be able to focus as well if my

phone was on the desk next to me so

that's why from the age of 17 until 21 I

did not check my phone for the first 4

to 5 hours a day and in order to make

sure I didn't slip up I would actually

put my phone in a vault I had in my

house and then I would have a second

burner phone that only had Essentials

like Audible and Spotify or Uber on

there and in the same way I knew that I

focused better and felt better if I

worked out first thing in the morning in

fact my health had such a profound

impact on my business that there was a

direct correlation between the months I

was on top of my fitness and diet and

the months that I made the most money so

obvious but sometimes you don't see it

in the moment and that's why I had to

create systems that made sure I was

always on top of my game because if I

didn't that my non-b business habits

would begin to affect my business so the

lesson to be drawn from this is simply

to evaluate your life once you've

evaluated your life be honest with

yourself identify all the bad habits

identify all the things that hold you

back and this is especially important in

the beginning of your career because as

I said making money at that stage is

just as much about the things you

actively do as it is about the things

that you don't do so that means that you

need to make sure that your inner state

is allowing you to succeed so make sure

that your personal problems don't

manifest in your business now the next

lesson you need to internalize is that

you won't invest your way to riches now

I know that when I say that all of the

finance gurus will come after me but

here's the deal I am not saying you

shouldn't invest you absolutely should I

started investing from a young age and

I'm very happy I built those habits my

only regrets is that I didn't start

investing sooner but when you only have

a few th000 to your name investing won't

do anything for you I mean let's just

simply break down the math even if you

invest $3,000 into the market you might

make what $200 to $300 back back and

when it comes to investing it's all

about risk to reward that means that you

need to analyze your potential upside

how much money you can make versus what

it actually costs you to lose that and

when you're looking at cost you need to

think in terms of how it will impact

your life so consider this you should

never invest more than you're willing to

lose and that means you cannot get

blindsided by the upside now some of you

might be thinking but if I invest into

this altcoin I can 2x 4X maybe even 20x

my money cuz bear in mind each time

someone has that 20x increase in their

portfolio someone else had to hold those

losses for every winner that there is in

investing there is a loser so beyond the

fact that the odds are extremely low let

me explain something else to you when

you're not actively making money your

risk of losing that 1,000 or $5,000 or

$3,000 whatever it is you want to invest

is extremely high why well because you

don't know how to earn it back so why

would you invest the only money you have

if you don't know how to actually make

money if you lost it you wouldn't even

know how to make it back instead let's

look at the alternative if you invest

just a fraction of that $5,000 into

improving your skills there's literally

no limit as to how much you can earn

this is why you need to invest in

yourself you need to invest in skills

that can produce more money whether that

means going to business seminars public

speaking events or spending $11,000

learning how to code whatever it is

anything that can make you more valuable

in the marketplace will generate you

more money and those are the skills that

are going to propel you to riches not

investing you simply will not get lucky

enough to turn $1,000 into a million

dollar by investing it won't happen and

honestly even if by some miracle it did

happen you wouldn't be able to neither

keep that million because you never

earned it nor multiply it because you

wouldn't be the type of person that is

worthy of that money and you would just

self-sabotage and that's the next reason

why you can never invest your way into

riches being rich is only half about the

money the latter half of it and the

important half is about being the person

to be able to earn it so once you're

making consistent money online by all

means toss it into the S&P 500 maybe

even invest it into some alternative

assets maybe watches maybe even go buy

some cars restore it whatever you're

into but for now just focus on what it

actually takes to earn money realize

that your best investment will always be

yourself and your skills and listen

whether it's a digital Launchpad and you

decide to spend 74 cents a day not even

a dollar a day for the best online

education out there taught by the best

mentors so let's say you don't want to

risk it and try it for a year let's say

you just want to commit to one month $37

the same amount of money you spend when

you go to the cinema for 2 hours to

watch some random whether you

decide to go for the 40% discounted

yearly digital Launchpad plan or the

monthly whether you decide to get one of

those or you spend $2,000 learning from

a successful real estate agent just

shadowing him and telling them hey teach

me all the tricks of the trade how do I

make $100,000 a year as a real estate

agent when you are first starting off

and you're trying to become a

millionaire trying to become the person

that can become a millionaire there's no

such thing as wasted money when you are

investing in yourself cuz let's say you

work with that coach for $22,000 and you

even learn one thing that one thing may

not make you much money today but in 9

months 18 months 25 months whatever it

is that one thing you learn will make

you so much more money than you spend on

the investment into self-education

itself and as I said no altcoin is ever

going to give you that because when you

become the sort of person that can make

a million dollars every single year

consistently because you invested in

yourself to learn the skills in order to

do so no one can take that away from you

no Market change no bull run be run oh

crypto's pumping again so now all of a

sudden I'm not poor do you really want

to be that sort of person now Lesson

Four is one that people refuse to learn

over and over and funny enough I even

see it with some of my success friends

they simply refuse to let go of the

things they need to let go of for some

it's Tik Tok for some it's bad friends

for others it's bad diet we all have

those things and that's why Lesson Four

is you need to learn to break the

shackles you need to learn how to let go

of everything that's holding you back so

let's just do a simple thought

experiment what if tomorrow you got rid

of everything that's not serving you and

I mean absolutely everything so that

everything you did in your life was

designed with one goal in mind success

what would your life look like if you

live like that for just one month now

what if that month turned into a year

how much further along in your journey

would you be because I'm going to be

honest one year is all it takes to turn

your life around completely but it all

starts with breaking those shackles

today and that means delete Tik Tok off

your phone forever never download it

again unless you're making money with it

now don't just stop playing video games

sell your console go to some store go to

some pawn shop go somewhere and just

sell it even if it's cheap you won't

need it completely let go of it you know

those bad friends you have that keep

dragging you down cut them off once and

for all go to your kitchen right now and

just throw away all the unhealthy

all of it you don't need it whatever it

is that is holding you back let that

go make the decisions you know you

need to make once and for all and then

watch yourself propelled to the next

level burn all of those bad Bridges and

let them light your way now the final

lesson is one that I adopted very early

on but not because I wanted to but

because I needed to now those of you who

are familiar with my journey will know

that let's just say that I was forced to

be man at the house at a very young age

and in doing so I had to make a promise

and so when I was 14 years old I saw how

badly my mom and I were struggling and I

promised her that no matter what it took

I would buy her her dream house and a

Range Rover and then 9 years later I

bought her her dream house for $4

million in cash and there's a Range

Rover parked in front of it so lesson

five and the final lesson is to make a

promise to someone you love and this

doesn't have to be done out of

desperation like it was for me but it

needs to be someone you love so deeply

that you couldn't even conceive of

breaking the promise and that's what

gives the promise its meaning but this

isn't an ordinary promise though as much

as it's a promise to the person you tell

it to it's also a promise to yourself

it's a promise that you will achieve

everything you set out to do both for

the person that you love and for

yourself making that promise to yourself

often just isn't enough so make it to

the person you love and yourself Now

ladies and gentlemen those are the five

lessons that if you actually internalize

will set you on a path to becoming a

millionaire in your 20s the only thing

that stands between you and that

far-fetched goal now is a little bit of

work so get to it and as always I'll be

watching from afar and I'm rooting for

you