15 Things Slowing Down Your Journey to $1,000,000

Alux.com
1 Aug 202417:36

Summary

TLDRThis transcript outlines 15 common obstacles that hinder the journey to accumulating one million dollars. It emphasizes the importance of time management, developing a millionaire mindset, and fostering a strong work ethic. The script addresses issues like fear of risk, embarrassment, and the need for multiple income streams. It also encourages overcoming distractions, managing debt, and learning from failed investments. The key takeaway is the necessity of starting now and having a step-by-step plan to achieve financial goals.

Takeaways

  • πŸ•’ The journey to the first million is time-consuming and requires becoming a different person from the majority, while the second million is more attainable.
  • πŸ’Ό Working a single job with limited savings will take a very long time to reach a million, suggesting the need for additional income streams.
  • 🧠 Achieving a million requires a specific mindset that is disciplined, focused, and not easily swayed by fear of missing out or immediate gratification.
  • πŸ”¨ A strong work ethic is crucial, which is demonstrated by setting and achieving personal and career goals over time.
  • 😳 Overcoming embarrassment is key to progress, as societal judgment and fear of failure can hinder the journey to wealth.
  • 🀝 Developing social skills is important for networking, which can be as valuable as being highly intelligent or obsessive about one's work.
  • 🚫 Fear of risk can prevent starting a business, which is one of the fastest ways to make a million, but managing this fear is essential.
  • πŸ’° Relying on a single income stream can slow down wealth accumulation; diversifying income sources can accelerate the process.
  • πŸ›οΈ Lifestyle inflation can erode savings and slow the journey to a million; maintaining previous living standards despite increased income is advisable.
  • πŸ’³ High debt levels can impede wealth growth due to interest payments; eliminating or managing debt is crucial for financial progress.
  • 🏒 Starting a business, even if not successful, provides valuable lessons in financial management, resilience, and other skills necessary for wealth accumulation.
  • πŸ›‘ Distractions from social plans and clutter can consume time and energy needed for wealth-building activities; minimizing these is important.
  • πŸŒ† Mindset should not shut off after work hours; using spare mental energy for further learning or business development can be beneficial.
  • πŸ“‰ Bad investments are a setback but not a disaster; learning from them and continuing to invest wisely is key.
  • 🚫 Believing it is too late to start wealth-building activities can be a self-fulfilling prophecy; maintaining a positive and proactive attitude is crucial.
  • 🏁 Starting today and maintaining consistent progress is vital; even small daily steps can lead to significant achievements over time.

Q & A

  • What is the main obstacle mentioned in the script for accumulating the first million dollars?

    -The main obstacle is becoming a completely different person from 90% of the world, which involves developing a strong work ethic, mindset, and discipline, and overcoming various personal and societal barriers.

  • Why is it suggested that the second million might be more attainable after reaching the first million?

    -The second million is considered more attainable because by the time one reaches the first million, they would have transformed into the type of person capable of generating wealth, and the habits and mindset developed during this journey facilitate the accumulation of further wealth.

  • What is the significance of time in relation to saving and investing to reach a net worth of one million dollars?

    -Time is significant because if one only saves a certain amount each year without additional income streams or investments, it could take an unfeasibly long time to reach a million dollars, such as 50 years in the example given.

  • How does the script suggest improving one's mindset to reach a million dollars?

    -The script suggests developing a mindset that is disciplined, focused on long-term goals rather than immediate gratification, and not easily swayed by fear of missing out (FOMO) or societal pressures.

  • What is the role of work ethic in accumulating wealth according to the script?

    -Work ethic is crucial as it involves setting clear goals, sticking to timelines, and persisting through difficulties to achieve those goals, which applies to all aspects of life, not just career.

  • How does the script address the issue of embarrassment in the pursuit of wealth?

    -The script acknowledges that embarrassment is a common barrier but advises to overcome it by accepting that people will judge, making oneself so busy that gossip becomes irrelevant, and embracing the embarrassment until it no longer affects the pursuit of wealth.

  • What is the importance of social skills in the journey to a million dollars as per the script?

    -Social skills are important because they can help in networking, which is a valuable tool in business and wealth accumulation. Charismatic individuals can leverage their social skills to build connections that contribute to their financial success.

  • Why does the script suggest that having multiple income streams is beneficial for reaching a million dollars?

    -Multiple income streams are beneficial because they provide a more consistent and potentially larger flow of money, which can be invested and contribute to wealth accumulation more effectively than relying on a single income source.

  • What is the impact of lifestyle inflation on one's ability to save and invest towards a million dollars?

    -Lifestyle inflation can significantly hinder savings and investments because as income increases, so do expenses, often leading to the same or even reduced savings despite higher earnings.

  • How does the script view the role of risk in the pursuit of wealth?

    -The script acknowledges that risk is inherent in wealth accumulation, particularly in entrepreneurship. It suggests that while fear of risk is natural, it can be managed by starting early, having an emergency fund, and maintaining a stable income stream.

  • What advice does the script offer for those who believe it is too late to start their journey to a million dollars?

    -The script advises against the belief that it is too late, emphasizing that while starting late makes the journey more challenging, it is not impossible. It suggests leveraging experience, involving family in the effort, and maintaining a strong belief in one's ability to achieve the goal.

  • What is the final piece of advice given in the script for those on the path to a million dollars?

    -The final advice is to start today and not delay any further. It encourages taking immediate action towards goals, researching, and planning, emphasizing that consistent, even small progress is better than no progress at all.

Outlines

00:00

πŸ’° The First Million: Transformation and Inevitability

This paragraph discusses the difficulty of acquiring the first million dollars and the personal transformation required to achieve it. It suggests that reaching this financial milestone turns one into a person who is vastly different from the majority of the world. The speaker emphasizes that the journey to the first million is steep but once achieved, the second million is almost inevitable. The paragraph also touches on common obstacles such as health issues, job loss, and lack of financial knowledge, asserting that these do not have to be permanent barriers.

05:03

πŸ•’ Time and Mindset: Keys to Wealth Accumulation

The second paragraph focuses on the importance of time and mindset in accumulating wealth. It provides a hypothetical scenario of working a single job and saving a portion of the income, illustrating that without additional efforts, it would take an impractical amount of time to reach a net worth of one million dollars. The speaker then suggests that dedicating extra hours to earn more and investing in compound interest can significantly reduce this time. Furthermore, the paragraph delves into the mindset necessary for financial success, including discipline, avoiding 'fear of missing out' (FOMO), and the willingness to miss out on certain life experiences for the sake of financial goals.

10:04

πŸ”¨ Work Ethic and Overcoming Embarrassment

This paragraph examines the concept of work ethic and its measurement, encouraging individuals to set and pursue goals diligently across various aspects of life. It suggests that a strong work ethic is not just about the hours worked but about setting clear objectives and adhering to them. Additionally, the paragraph addresses the issue of embarrassment, which can hinder one's financial journey due to societal judgment and fear of failure. The speaker advises to embrace potential embarrassment, use it as motivation, and stay focused on one's goals despite external opinions.

15:08

🀝 Social Skills and the Fear of Risk

The fourth paragraph discusses the importance of social skills and the ability to network as a means to wealth accumulation, citing examples of successful individuals who are not necessarily known for their social skills but have achieved great success. It also touches on the fear of risk associated with starting a business and the potential financial loss that comes with it. The speaker provides strategies to mitigate this fear, such as starting early, maintaining an emergency fund, and keeping a stable income stream until the business is successful.

πŸ’Ό Diversifying Income Streams and Managing Lifestyle Inflation

This paragraph emphasizes the necessity of having multiple income streams for those not born into wealth, using the example of Phil Knight, the founder of Nike, who maintained a stable job while growing his business. It also warns against 'lifestyle inflation,' where increased earnings lead to higher living costs, thus reducing the ability to invest and grow wealth. The speaker advises revisiting old budgets and living modestly according to current earnings to prevent lifestyle inflation from impeding financial progress.

πŸ’³ The Burden of High Debt and the Importance of Starting Businesses

The fifth paragraph highlights the impact of high debt on one's journey to accumulating one million dollars, explaining how debt can consume a significant portion of one's income, leaving little room for investment. It also stresses the value of starting a business, regardless of its success, as a learning experience that provides invaluable financial and life skills, such as budgeting, expense tracking, and resilience.

🚫 Distractions, Mindset Post-Work, and Learning from Bad Investments

This paragraph identifies distractions and the habit of mentally shutting down after work as barriers to financial growth. It advises eliminating unnecessary social engagements and digital distractions to focus on wealth-building activities. Additionally, it addresses the issue of bad investments, encouraging learners to view them as setbacks from which to learn rather than as insurmountable failures, and to invest safely within their means.

πŸ•° The Illusion of Starting Too Late and the Urgency of Starting Now

The seventh paragraph dispels the myth that it is too late to start working towards financial goals, especially for those in their 30s with families. It suggests leveraging life experience and working closely with partners to find a balance. The speaker insists that the belief that it's too late is a self-defeating notion and encourages starting the journey immediately, emphasizing that even small, consistent steps are progress.

πŸ“… The Importance of a Step-by-Step Plan and Community Support

The final paragraph concludes by underscoring the importance of having a step-by-step plan to guide one's journey to a million dollars. It introduces the alux app as a tool for creating personalized learning paths and emphasizes the value of community support throughout the process. The speaker offers a 7-Day free trial of the app and invites the audience to engage with the community for a more guided and less isolating experience.

Mindmap

Keywords

πŸ’‘Millionaire

A millionaire is an individual with a net worth of at least one million units of currency, typically dollars. In the context of the video, becoming a millionaire is the ultimate goal, and the script discusses the mindset, habits, and actions necessary to achieve this status. The video emphasizes that reaching the first million is challenging and requires a significant personal transformation.

πŸ’‘Mindset

Mindset refers to a set of attitudes and beliefs that shape an individual's approach to life and work. The video suggests that to become a millionaire, one must adopt a specific mindset that is disciplined, focused on long-term goals, and not easily swayed by fear of missing out (FOMO) or the desire for immediate gratification. The script highlights that a millionaire mindset is crucial for financial success.

πŸ’‘Work Ethic

Work ethic is the idea of working diligently and persistently towards one's goals. The script discusses the importance of having a strong work ethic in all aspects of life, not just in a career, and suggests that setting and achieving personal and professional goals is a measure of a person's work ethic. It implies that a strong work ethic is essential for accumulating wealth.

πŸ’‘Financial Knowledge

Financial knowledge encompasses understanding of money management, investment strategies, and economic principles. The video mentions that a lack of financial knowledge can be a barrier to accumulating wealth. It suggests that learning about finances and making informed decisions is key to a successful financial journey.

πŸ’‘Compound Interest

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. In the script, compound interest is presented as a powerful tool for wealth accumulation, where extra earnings are invested to grow over time, reducing the time needed to reach a million dollars.

πŸ’‘Social Skills

Social skills are the abilities that enable people to interact effectively and harmoniously with others. The video suggests that while being a 'nerd' or having an obsession can lead to success, having great social skills can also be a pathway to wealth, as it aids in networking and building relationships that can contribute to financial success.

πŸ’‘Risk

Risk in the context of the video refers to the potential for financial loss or failure, particularly when starting a business or making investments. The script acknowledges the fear of risk but encourages viewers to face it and take calculated risks as part of the journey to becoming a millionaire.

πŸ’‘Income Stream

An income stream is a source of continuous income, such as a salary, rental income, or business profits. The video emphasizes the importance of having multiple income streams to accelerate the journey to a million dollars, suggesting that relying on a single source of income can slow down wealth accumulation.

πŸ’‘Lifestyle Inflation

Lifestyle inflation occurs when increases in income lead to proportional or greater increases in spending, resulting in no significant change in savings. The script warns against lifestyle inflation as it can hinder the ability to save and invest, which are necessary for building wealth.

πŸ’‘Debt

Debt is an obligation to pay a sum of money, often incurred by borrowing. In the video, high debt levels are identified as a significant obstacle to wealth accumulation, as they can consume a large portion of one's income, leaving little for savings or investment.

πŸ’‘Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, which is often initially a small business. The video posits that starting a business, despite the risks involved, is one of the fastest ways to make a million dollars, as it can provide substantial returns on investment and is a learning experience in financial management.

πŸ’‘Distractions

Distractions are things that divert attention or interrupt the focus on a task or goal. The script mentions that distractions can take up valuable time that could be used for wealth-building activities, such as working on a business or making investments, and suggests eliminating or reducing distractions to stay focused on the goal of becoming a millionaire.

πŸ’‘Investment

Investment in the video refers to the allocation of money with the expectation of generating income or profit. The script discusses the importance of making wise investment decisions and learning from any bad investments, as they are part of the financial journey towards accumulating wealth.

πŸ’‘Starting Today

Starting today is the concept of taking immediate action towards one's goals rather than procrastinating. The video concludes with the message that to achieve the goal of becoming a millionaire, one must begin working towards it immediately, emphasizing the importance of consistent effort and daily progress.

Highlights

Achieving the first million requires becoming a different person, distinct from 90% of the world, which is a steep climb.

The journey to the first million shapes you into a person capable of earning the second million more easily.

Working one job and saving a fraction of your income can take over 50 years to reach a net worth of one million dollars.

To accelerate wealth accumulation, one must find ways to make money that do not solely rely on time.

A millionaire mindset involves avoiding FOMO, not prioritizing work-life balance, and resisting the urge to constantly reward oneself.

Discipline is key to breaking poor financial habits and requires time and practice to instill.

Quantifying work ethic involves setting and achieving personal and career goals within a defined timeline.

Overcoming embarrassment is crucial for the journey to wealth, as societal judgment is inevitable.

Developing social skills can be as important as being smart and obsessive for achieving wealth.

Fear of risk, such as starting a business, is a common barrier to wealth accumulation but can be managed with strategy.

Having multiple income streams is essential for the journey to a million dollars, not just a single job.

Lifestyle inflation can hinder wealth accumulation by increasing unnecessary expenses.

High debt levels can significantly slow down wealth accumulation due to interest payments.

Starting a business, even if not successful, provides invaluable financial and social skills.

Distractions from social plans and clutter can take up time that could be used for wealth-building activities.

The habit of mentally shutting down after work can prevent progress towards financial goals.

Bad investments can be a setback but are not as detrimental as other wealth-slowing factors.

Believing it's too late to start wealth accumulation can be a self-fulfilling barrier.

Not starting today is a common mistake; immediate action is crucial for progress towards a million dollars.

A step-by-step plan can guide those who struggle with the bigger picture approach to wealth building.

The alux app offers a free trial and step-by-step learning paths for wealth-building, designed by experts.

Transcripts

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you know the first million that first

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million is hard the second is pretty

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much inevitable to get to your first

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million though you have to become a

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completely different person you have to

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become different from 90% of the world

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and that climb is steep but by the time

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you reach your first million you've

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become that person so the second million

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just

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flows something things seem out of your

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control because that's how they started

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like health issues job loss and ack of

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financial knowledge but they do not have

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to be out of your control forever okay

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here are the 15 things slowing down your

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journey to $1

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million so first of all pretty basic you

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don't have the time working one job that

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pays 60,000 a year paying 40,000 for

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your living expenses and saving 20,000 a

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year will take you

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104,000 hours to get to a net worth of 1

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million that's 50 years okay so you're

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right you don't have the time if you

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want to make 1 million doing what you're

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doing right now we know this because

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others have done it after your 8-hour

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workday you come home and you put in

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three to four extra hours to make money

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on the side the extra earnings goes into

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compound interest reducing your overall

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time to 1 million you're not just going

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to have the time okay you have to make

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the time by finding ways to make money

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that doesn't depend on your

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time number two you don't have the

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mindset what kind of mindset does it

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take to reach $1 million anyway well

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it's a mindset that doesn't suffer from

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fomo doesn't think about work life

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balance and isn't focused on the treaty

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yourself Mantra you're okay with missing

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out on trips you don't need the latest

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gadgets or clothes and you don't have to

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reward yourself for every single

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achievement it's okay to do these things

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if you're goal is to focus on having a

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good time but if your goal is to reach

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$1 million as quickly as possible then

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caving into this kind of behavior shows

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a lack of discipline all things bleed

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into poor financial habits breaking

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these habits well it takes time and

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practice but doing so will change your

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life

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forever number three you don't have the

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work ethic now it's hard to quantify and

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measure your work ethic but we're going

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to try how many goals did you set for

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yourself this year not just in your

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career but in your personal life too

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work ethic applies to all aspects of

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your life so look at your goals and then

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give them a difficulty level ranging

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from like 1 to five with five being the

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most difficult so what were the steps

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you outlined to reach these goals now

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look at the Timeline that you gave

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yourself if you didn't set any goals

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outline your steps or give yourself a

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timeline and then your work ethic is one

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maybe zero but we'll be nice this time

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it's not about how many hours you put

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into your job it's about setting clear

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goals and sticking to them until you've

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achieved them if you didn't do any of

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those things as soon as you finished

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watching this video go do that okay if

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you have done these things give yourself

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a point for each goal you've reached if

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you faced setbacks and still reached

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that goal give yourself another point if

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you're halfway there give yourself half

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a point if your goal was very difficult

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or very easy decide for yourself how

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many points you think you deserve

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between one and three there's no set

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perfect number but the greater your

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number the better your work ethic and if

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you're starting at zero then you know

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what you need to

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do number four you're

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embarrassed embarrassment is the cost of

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Entry okay and if you can't handle that

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well you're going to slow down your

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journey maybe even put the breakes on it

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it's embarrassing when you're rejected

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from a higher paying job a business idea

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or collaboration it's embarrassing to

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advertise and Market yourself for your

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business it's embarrassing when you fail

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right it's even embarrassing when you

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succeed and people start asking for your

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advice there's unnecessary societal

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shame on every corner of this journey

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and you've just got to ditch the

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embarrassment genan okay people are

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going to judge you you and so what they

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might laugh they might talk about you

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maybe they'll feel sorry for you or

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something because it's not cool okay and

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then what nothing that's what you'll

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still be totally fine so first of all

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come to terms with people doing this

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okay secondly embarrass yourself so much

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it becomes boring for them to talk about

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it and third keep yourself so busy you

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don't even have time to focus on the

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Mindless chatter

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number five you lack social skills or an

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obsession now some might say this

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simplifies the path to $1 million too

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much but we say simple as best if you're

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not a nerd with some kind of obsession

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then you need to become great with

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social skills Steve Jobs and Elon Musk

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are billionaires because they're

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incredibly smart and obsessive about

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their work but they do not have great

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social skills okay job was known for his

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demanding and Rive management style and

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so is Elon Musk so if you're as smart

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and obsessive as them then keep going

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they were born with that intelligence

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and vision and not many people are if

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you're born with it you can only work on

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it so much the better option is to work

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on your social skills those are way more

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achievable Richard Branson Oprah Winfrey

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and Warren Buffett are smart but they're

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also very charismatic so work on active

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listening empathy and great

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conversational skills and you can

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Network your way to $1

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million number six you fear risk so one

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of the quickest ways to make $1 million

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is to start a business but starting a

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business takes money and time and you

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might lose all of the money you put into

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it that is unbelievably scary right

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there goes your safety net you are right

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to fear that risk everyone does when

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they start it's stressful there might

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even be night when you can't sleep or

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days when you don't eat properly most

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people on this journey are scared of

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that risk but they do it anyway okay

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that fear is always going to be there

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but there are ways you can limit or

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control it first of all you start early

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so that only your life is affected by

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your choices second you have an

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emergency fund that you use to survive

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only if you don't meet your timeline and

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third you keep one income stream usually

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your normal day job until you're making

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more than

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enough number seven you only have one

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income stream look we cannot stress this

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enough unless you're a trust fund baby

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or you're young and fresh out of college

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and happy to live on Peanut Butter and

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noodles your journey to $1 million needs

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to go hand inand with a consistent

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stable income yes it eats into your time

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and energy but it also gives you peace

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of mind which you need as you're

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starting your journey Phil Knight the

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founder of Nike started selling shoes

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back in

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1964 he worked at his accounting job for

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5 years while running Blue Ribbon Sports

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which is now known as Nike he only left

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his job once it started to gain traction

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your journey to $1 million will go at a

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glacial Pace if you close your laptop at

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5 p.m. in beine for the sofa with your

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evening

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snacks number eight

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lifestyle

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inflation you pretty much don't even

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notice this happening you make way more

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money than you did a few years ago yet

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you walk away with the same amount maybe

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even less what has even happened here

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well small simple things okay you go for

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the slightly more expensive organic

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groceries you don't go to the movie

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theater on discount days only anymore

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your date nights are the restaurants

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with the nice reviews instead of cooking

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at home home on the bigger things you

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don't go for the hiking and camping

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trips anymore no you plan for 3 weeks

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abroad you trade in your Audi A3 for a

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BMW X5 and you no longer share an

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apartment with two other housemates your

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lifestyle costs have significantly

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inflated holding you back from putting

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all that money into Investments it's

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time to pull back look through your old

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budgets and live the life you did a few

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years ago on the money you make right

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now

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number nine high debt now if you don't

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have student loans then your first year

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of working is pretty flexible then your

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bank starts to notice you're making

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money and not paying them any interest

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so they soon send you an offer for a

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credit card you're young new in the

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workforce you don't fully understand

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interest rates and you love the sound of

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extra money so you jump at this chance

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the next thing you know though it's a

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few years down the line and you're

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putting your basic daily expenses on

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your credit card and Str Ling to pay it

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off you've got no room to invest what

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you have left because well it's all

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going to the interest on your credit

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card or loans it's like carrying a

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massive amount of extra weight as you're

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trying to climb your way up to 1 million

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you have to get rid of that weight first

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otherwise you're going to move at a

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snails

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pace number 10 you've never started a

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business so besides entrepreneurship

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being the fastest way to $1 million even

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if you ultimately decide it's just not

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the root for you the lessons you learn

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from starting your own business are

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totally invaluable no matter how small

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your business is or how long it's been

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around if you've sold to Just One

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customer then you learn some Financial

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lessons that would take you years of

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experience to figure out in traditional

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jobs you learn effective budgeting

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expense tracking and profit maximization

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you learn to be resilient and adaptable

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and you learn social skills to be able

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to Network better you also learn how to

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manage your time solve problems and

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Market something to be attractive to

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other people not just to you these are

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all skills that will help you reach $1

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million and starting a business whether

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it's successful or not is the quickest

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way to learn

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them number 11 you've got too many

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distractions your weekend Festival plans

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your midweek dinner plans all the things

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laying on your floor that need to be

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picked up before you can even start

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these are all distractions and

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distractions take up your time okay you

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need that time to work your way to one

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million so you either need the focus and

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willpower to say no to these

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distractions or you need to remove them

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so tell your friends not to invite you

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anywhere for the next few months unless

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it's really important or special remove

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social media from your phone so you're

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not tempted to Doom scroll get rid of

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the Clutter completely so it never has

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the chance to create a big Mech

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these things all seem small okay we get

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it but these are small things that steal

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your focus in subtle but very effective

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ways number 12 your mind shuts off at

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5:00 p.m. now this is a tough one

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because look okay we get it your workday

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takes up so much of your mental energy

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that your brain feels fried at the end

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of it the habit of shutting everything

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off when the work day ends is a relief

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but then you worry Don't you you worry

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about your workload the next day about

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your finances for this month about your

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goals and about the future your thinking

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power is still being used except this

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time it's for hours of rumination which

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doesn't solve or help anything but if

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you can direct that energy even if it's

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just a little bit to a course a business

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idea or a second job online you only

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need to do for one two maybe 3 hours

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something easy that allows you to work

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from home then you'll work towards

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solving those problems you keep worrying

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about don't completely shut your mind

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off when the work day ends okay direct

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that energy towards something that's

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going to benefit you something that will

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give you a sense of achievement and help

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you to earn some additional

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income number 13 you made some bad

play12:50

Investments now as bad as this sounds

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and as stressful as it is when it does

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happen making a bad investment isn't as

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detrimental as some of the other things

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on our list if you've made a bad

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investment it means you already had the

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money to invest and you were investing

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it you already have the necessary

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mindset you just faced a setback which

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is basically inevitable what's important

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is that you learn from it if you're

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fresh starting out play it safe take the

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risks with the money you can afford to

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lose never use borrowed money to invest

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and stay safe with the money that you're

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banking on for your

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future number four 14 you fundamentally

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believe that it is too late to start now

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we've spoken about the importance of

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starting early right and if you've

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watched our previous video on

play13:38

accelerating your journey to $1 million

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well you'll know that we spoke about

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waiting to start a family until you're

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halfway to your first million but what

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happens if you're in your 30s you

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haven't started saving or investing and

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you already have a family well as much

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as you want it and even though you know

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you have what it takes to achieve it

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there's just this nagging doubt that

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you've woken up too late and that's a

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normal feeling okay it does make things

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harder but it definitely doesn't make it

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impossible you do have to make some

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adjustments maybe waiting to start your

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business until your children are older

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involving your family in the business to

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make it a collective effort and bringing

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everyone onto the same page so they

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understand the sacrifices you have to

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make you also have to rely on your

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experience more by this time you spent

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years in your industry learning the ins

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and outs so you've got a different kind

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of advantage and you have to work

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closely with your partner to find a

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balance for your workload and through

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all of this what you absolutely cannot

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afford to do is believe it is too late

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there's no drive or motivation in that

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and if this is the path you're going to

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take you have to believe you're doing

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this at the best time for you forget

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other people's timelines this is about

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you my my

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friend and on a similar note number 15

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not starting today this sounds so cliche

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okay we get it start today see the

play15:10

results but really okay we mean it start

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today right now when you're finished

play15:14

with this video go back to your goals

play15:16

and work through them like we spoke

play15:18

about in the work ethics section

play15:20

register your investment brokerage

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account and transfer whatever amount you

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can afford this evening while you're

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watching TV spend an hour looking for a

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second job or doing research for your

play15:31

business plan come back to everything at

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the same time tomorrow and then the next

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day even slow progress is progress okay

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never skip a day and since you stuck

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with us until the end here's your bonus

play15:45

you don't have a step-by-step plan on

play15:48

how to start you know some people do

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well with an outline and a bigger

play15:52

picture and they work from there but if

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you've been struggling then maybe you're

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not one of those people maybe you need a

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stepbystep plan something that guides

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you through everything getting your

play16:04

mindset right getting your energy levels

play16:06

up generating business ideas finding

play16:09

clients marketing the whole thing so you

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have to do that you have to create your

play16:14

stepbystep guide first well the alux app

play16:19

is a great place to start with this

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basically you fill in a survey and from

play16:23

there we give you step-by-step learning

play16:25

paths for everything you need to work on

play16:28

each point has a course designed by

play16:30

experts in their field they start off

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easy and progressively get more

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challenging it can be a scary and

play16:36

isolating Journey but it doesn't have to

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be we'll be right there with you every

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single step of the way and if you'd like

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to test it out you don't have to pay a

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single dime okay we give you a 7-Day

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free trial and within that seven days

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you're going to get so much value it'll

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be a no-brainer to subscribe we can't

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wait to help you accelerate your journey

play16:56

to $1 million we'll see you you on the

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inside all right those are our 15 things

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slowing down your journey to $1 million

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and the bonus and as always we'd like to

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hear from you at this point what things

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have slowed you down on your own journey

play17:13

and how did you work through them we

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can't wait to hear from you my friend

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we'll see you next time until then take

play17:19

care

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Related Tags
Millionaire MindsetFinancial GoalsTime ManagementWork EthicSocial SkillsRisk ManagementMultiple IncomeLifestyle InflationDebt ReductionEntrepreneurshipInvestment MistakesDistractionsContinuous LearningStarting LateAction Steps