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Summary

In this motivational video, the speaker shares personal insights on the challenges of accumulating the first million dollars, emphasizing the importance of overcoming inertia and focusing single-mindedly on financial goals. They advise viewers to adopt a 'monk mode' lifestyle, cutting out distractions and dedicating themselves to their objectives for a set period. The speaker also cautions against setting unrealistically high expectations, advocating for a balanced approach to achieving long-term success.

Takeaways

• 💰 Making the first million is often considered the most challenging due to the inertia that must be overcome to get started.
• 🚀 Inertia is the resistance to change direction or speed, and it's the main obstacle to starting and growing wealth.
• ✈️ The analogy of a plane's takeoff is used to illustrate the high energy required at the beginning of a venture, which lessens as it gains momentum.
• 🌟 Stop idolizing the ultra-successful like Musk and Bezos; instead, look to highly focused athletes for inspiration on dedication.
• 🏋️‍♂️ To make the first million, one must be willing to sacrifice well-roundedness and focus singularly on their goals for a period.
• 🚫 Learn to say 'no' to distractions and activities that do not contribute to achieving your financial goals.
• 🎻 The story of the Duke of Wellington emphasizes the importance of giving up distractions to focus on one's ambitions.
• 📵 In the attention economy, social media and other distractions are designed to capture your focus; eliminating them is crucial for progress.
• 🎯 Set realistic goals and timelines to avoid burnout and maintain a sustainable pace towards wealth creation.
• 🧘‍♂️ 'Monk mode' is a protocol for intense focus and productivity, which should be balanced with periods of normal life and social interaction.
• 🌱 Understand that the initial phase of hard work is necessary but temporary, and it sets the stage for easier wealth accumulation in the future.

Q & A

Why is making the first million dollars considered the hardest according to the speaker?

The speaker suggests that making the first million is the hardest because it requires overcoming inertia, which is the initial resistance to getting started and moving towards financial success.

What is the analogy used by the speaker to explain inertia in the context of making money?

The speaker uses the analogy of a plane taking off, where a significant amount of energy is required initially to get the plane off the ground and reach cruising altitude, after which it becomes more efficient.

What does the speaker advise against doing when trying to make the first million?

The speaker advises against looking at successful people like Elon Musk or Jeff Bezos for inspiration and instead suggests looking at highly focused athletes who are dedicated to their goals.

Why should one not aspire to be like the athletes mentioned in the script, according to the speaker?

The speaker explains that during their peak performance times, these athletes are so focused on their goals that they have little time or energy for social interactions or hobbies, making them less interesting to engage with.

What is the main reason the speaker believes most people never overcome inertia?

The speaker believes that most people never overcome inertia because it requires a level of focus and dedication that is painful and repulsive to the human condition, which involves sacrificing social interactions and hobbies.

What is the 'monk mode' the speaker refers to, and how does it relate to making the first million?

Monk mode is a protocol developed by the speaker for periods of intense focus and dedication, where distractions are removed from life to become hyper-productive. It relates to making the first million by helping one to overcome inertia and achieve financial goals.

Why did the speaker mention the Duke of Wellington and his violin in the script?

The speaker mentioned the Duke of Wellington's story to illustrate the importance of giving up distractions and focusing on one's goals, as Wellington did by burning his beloved violin to concentrate on his military career.

What is the speaker's view on the use of social media platforms like Instagram, Twitter, and TikTok?

The speaker views these platforms as potential distractions that consume attention without giving much in return. He suggests deleting them unless they are used for monetization purposes.

What is the importance of setting realistic goals and time limits when trying to make the first million, according to the speaker?

Setting realistic goals and time limits is important because it helps maintain a sustainable level of focus and determination, prevents burnout, and aligns expectations with achievable outcomes.

How does the speaker define being a millionaire?

The speaker defines being a millionaire as having either profited a million dollars personally or having a million dollars in cash, not just having a business that generates a million in revenue.

What is the speaker's final advice on how to approach the journey of making the first million?

The speaker's final advice is to apply the principles discussed in the video, understand that the beginning is the hardest part, and to get the 'plane off the ground' by overcoming inertia and setting clear expectations.

Outlines

00:00

💰 Overcoming Inertia to Achieve Your First Million

The speaker shares personal experience on the challenges of making the first million dollars, emphasizing the concept of inertia as a significant hurdle. They liken the struggle to getting a plane off the ground, which requires a lot of energy but becomes more efficient once airborne. The speaker advises viewers to stop idolizing billionaires and instead look to highly focused athletes for inspiration. They stress the importance of singular focus, even at the expense of being well-rounded, and the need to say 'no' to distractions for a season in order to achieve financial goals.

05:02

🎻 Eliminating Distractions: The Path to Millionaire Altitude

This paragraph delves into the importance of eliminating distractions to focus on wealth accumulation. The speaker uses the Duke of Wellington's story to illustrate the point of giving up a beloved hobby for the sake of greater ambitions. They argue against the constant pull of social media and the attention economy, urging viewers to delete apps that do not contribute to their financial goals. The speaker also touches on the need to set realistic goals and time limits, cautioning against the unsustainable nature of relentless work without breaks.

10:02

🚀 Setting Realistic Goals and Embracing Monk Mode

The speaker discusses the importance of setting achievable short-term goals and understanding that becoming a millionaire won't happen overnight. They clarify the difference between having a million in revenue and being a millionaire by actual profit. The speaker introduces 'monk mode,' a period of intense focus and dedication to one's goals, which includes not only work but also sleep, diet, and exercise. They emphasize the need for a holistic approach to monk mode to support mental and physical well-being during the journey to financial success.

Keywords

💡Inertia

Inertia is the resistance of any physical object to a change in its state of motion or rest. In the context of the video, it's used metaphorically to describe the initial difficulty in starting a venture or achieving financial success. The video script mentions that overcoming inertia requires a significant amount of energy, akin to a plane using a lot of fuel to take off, but once it's in the air, it's much easier to maintain its altitude.

💡Millionaire

A millionaire is an individual with a net worth of at least one million units of currency. The video emphasizes that the first million is the hardest to make, and once achieved, subsequent wealth accumulation becomes easier. The term is central to the video's theme of wealth creation and the mindset required to achieve it.

💡Entrepreneurship

Entrepreneurship refers to the process of designing, launching, and running a new business, which is typically a startup company offering a product, process, or service. The script mentions that the speaker made their first million after four years of entrepreneurship, highlighting the journey and the effort required to achieve financial success.

💡Monk Mode

Monk mode is a term used in the video to describe a period of intense focus, dedication, and removal of distractions from one's life to achieve a goal. It is likened to the disciplined lifestyle of a monk, emphasizing the need for a singular focus on work and the reduction of social activities and other distractions.

💡Distractions

Distractions are anything that diverts attention from a primary task or goal. The video script discusses the importance of eliminating distractions, such as social media and other time-consuming activities, to focus on the path to becoming a millionaire. It suggests that distractions can hinder progress and must be consciously removed to achieve success.

💡Well-Rounded

Being well-rounded implies having a balanced set of skills, interests, and experiences. The video argues that to make the first million, one may need to temporarily put aside the pursuit of being well-rounded and instead focus singularly on their financial goals, suggesting that a well-rounded life might not be conducive to rapid wealth accumulation.

💡Social Commitments

Social commitments refer to the obligations or engagements one has within their social life, such as attending parties or meeting friends. The script advises reducing these commitments to focus on the goal of making the first million, indicating that socializing can be a significant distraction from wealth-building efforts.

💡Digital Launchpad

Digital Launchpad is mentioned in the video as an educational platform designed to teach various ways to make money. It represents a resource for individuals looking to learn about different avenues for wealth creation, aligning with the video's theme of financial success.

💡Hobbies

Hobbies are activities done regularly in one's leisure time for pleasure. The video suggests that to achieve the goal of making the first million, one might need to temporarily abandon hobbies that do not contribute to this goal, as they can be a source of distraction from the focused pursuit of wealth.

💡Realistic Goals

Realistic goals are objectives that are achievable and practical, given one's current circumstances and resources. The video emphasizes the importance of setting attainable goals and time limits for achieving them, cautioning against overly ambitious predictions that may not be sustainable or achievable in the short term.

💡Hierarchy of Needs

The hierarchy of needs is a psychological theory that suggests human beings have a series of needs that must be met in a certain order, starting with basic physiological needs and moving up to self-actualization. The video briefly mentions this concept, indicating that while pursuing wealth, one must also consider the broader spectrum of human needs that contribute to overall well-being.

Highlights

Making the first million is the hardest, with subsequent millions becoming easier due to overcoming initial inertia.

Inertia is the resistance to change in the motion of an object, analogous to the initial challenges in building wealth.

The speaker made their first million at 18 after 4 years of entrepreneurship, emphasizing the journey's difficulty.

The importance of understanding the journey's stages to appreciate the process and not be overwhelmed by the initial challenges.

The analogy of a plane's fuel consumption during takeoff to illustrate the high energy required at the start of any endeavor.

Millionaires, like seasoned pilots, find it easier to maintain their wealth due to the resources and capital they've built.

The advice to stop looking at successful figures like Musk and Bezos, and instead look to focused athletes for inspiration.

Athletes' intense focus and discipline are highlighted as examples of the single-minded dedication required to achieve goals.

The need to accept a less well-rounded life for a period to focus on making the first million.

The personal experience of the speaker in 2017-2019, where they sacrificed hobbies and social life to focus on wealth creation.

The speaker's launch of Digital Launchpad, an educational platform with programs to teach various ways to make money.

The historical example of the Duke of Wellington to illustrate the power of eliminating distractions to achieve greatness.

The importance of setting realistic goals and time limits for the intense focus required to overcome inertia.

The concept of 'monk mode' as a protocol for intense focus and productivity, balanced with periods of normal life.

The necessity of holistic application of 'monk mode' to all areas of life, including diet, sleep, and exercise.

The assurance that while the beginning is hard, once the initial momentum is achieved, maintaining it requires less effort.

Transcripts

so listen there is a reason why they say

that making your first million is the

hardest and after that every other

million becomes that much easier and I

can tell you this from firsthand

experience I made my first million

dollars at the age of 18 and have

multiplied it every single year since

then and that's actually what I was

thinking about last night and that's

what inspired me to make this video I

started thinking how is it that every

year making money and making millions

becomes easier and what was it that

makes those first few years because yeah

I made my first million at 18 but that

was after 4 years of Entrepreneurship so

that is really the premise of today's

video I want to talk about the things

that maybe aren't too fun but will

guarantee that you make your first

million so real quick I want to just

discuss what makes that first million so

difficult just so you understand what

stage of the journey you're at and so

that way you also relax and you enjoy

the process and you enjoy the journey

you understand that this is a part of

your process and it won't always be this

hard and the main reason the main thing

you need to get over is inertia inertia

is the tendency for objects are

stationary to stay stationary let me put

it very simply if you were to go on a

let's say 3-hour flight tomorrow it

would take your pilot about 5 minutes to

take off and get you to cruising

altitude now with many hours to go the

pilot might check his gauges and there

he's going to notice that he's actually

burned through 25% of his fuel in just

the first few minutes of the journey but

your pilot wouldn't panic because this

is inertia in action getting something

like a plane moving requires an enormous

amount of energy but once it's up in the

air it's actually remarkably efficient

it's just sipping fuel to stay cruising

and that's why millionaires find it so

easy to keep earning money they live at

this altitude they have the resources in

the capital to print more but I say this

in the nicest way possible you still on

the ground getting you up in the sky is

going to require a lot of fuel so that's

why in today's video I'm going to show

you how to overcome your inertia and get

you to the cruising altitude of

millionaires now the first thing I need

you to do is I want you to stop looking

at the musks and the Bezos of this world

I want you to look at the athletes the

mess's the Hamiltons the Federer now you

might look at interviews with these guys

Marvel at their achievements and think

that nothing would be better than

sitting with them at a bar picking their

brain let me tell you something because

I'm friends with a lot of these athletes

there is no one I would rather speak to

less than them especially in the middle

of the season because they are so

monastically focused on their goals

battling fatiguing diets and suffering

through intense training regimes that

they are literally the least interesting

people in the world they don't have the

time or energy to dedicate to a

conversation and they haven't consumed a

piece of popular media in months you're

not going to learn what they think of a

film or a celebrity gossip they are in

their bed at 9:00 p.m. every night and

treating their bodies like a temple in

other words these people aren't

well-rounded they don't do moderation

and guess what to make your first

million that's what's required of you

you need to remove the idea that you're

going to be this perfectly well-rounded

Gentleman Just dancing and sauntering

through life life if you are serious

about making real money you need to

accept that everything you do needs to

be singerly focused when you're first

starting out and before this starts to

sound too much like inspiration porn I

need you to understand that this isn't

the ideal human State humans need social

interactions humans need Hobbies they

need every element of the hierarchy of

needs fulfilled but what you'll need to

do to overcome inertia is so painful so

repulsive to The Human Condition that

most people never do it you need to

accept that for the next 6 to 12 months

you're going to be less well-rounded

you're going to lose friends you're not

going to learn that language that you've

always wanted to or you're not going to

hit your personal bests in the gym once

you think of your life like that flight

it's easier to understand you need to

sacrifice a hell of a lot of fuel now to

cruise at that millionaire altitude

later and I can tell you this is

something I personally experienced 2017

and even 2018 when I made my first

million all the way even to I'd say 2019

those 3 years between 2017 18 and 19 I

had no Hobbies I didn't see my friends I

didn't do anything and the funny thing

is as my career progressed I

reintroduced those hobbies and I ended

up making substantially more money but

for that beginning stage I had to just

focus that new hobby I wanted to learn

no oh coffee catch ups with friends no

watching some new Netflix TV show no

when you are first starting out you just

have to be in a season and a period of

your life where you say no to absolutely

everything and anything that doesn't

have a clear correlation to your goals

now this video is all about the

principles you need to apply to make

money but I also appreciate that there's

a lot of you watching this right now

wondering okay how do I actually make

money and that is why I launched digital

Launchpad it is the only educational

platform in the world created

specifically for this reason inside of

it you have a selection of 10 programs

at the moment countless ways to make

money taught by the best of the best

experts in the world and not only that

for the rest of the year we have one new

program launching every single month and

you can get access to all of it for only

$37 a month or for less than 73 cents a

day if you get the annual plan so go

ahead and check the first link in the

description I guarantee it's the best

decision you make this year now going

back to my last point about distractions

if you look at one of the most famous

figures in British history the twice

prime minister the Duke of Wellington

maybe for those that didn't grow up in

the UK like I did this means absolutely

nothing but for anyone who's in the UK

you'll know that he is celebrated all

over London with statues and pubs named

in his honor and his greatest victory

was the defeat of Napoleon in the Battle

of waterl in 1815 what most people don't

know unless you've read extensive books

on him growing up like I did is that he

was actually a great musician in fact as

a child that's pretty much all he did

that's all he succeeded at he was

regarded by his teachers his parents and

anyone he worked with as a failure then

after being rejected for a marriage

proposal and being told that he would

amount to nothing he did something that

changed his life he picked up his violin

he walked to his fireplace he threw it

in there and he watched it burn now if

you you don't already know I'll just let

you go ahead and research his impact to

understand his importance in history but

safe to say the reason I'm here and

speaking to you in English is because he

put away his childish distractions he

realized that his violin as much as he

loved it and it was great and it was a

fun little hobby was that and that only

a hobby it was not the domain in his

life that he was going to go out and

Conquer and achieve all his goals no it

was just a hobby and to have that sort

of insight is so special you know

there's so many things in my life where

they're hobbies and I leave them as

Hobbies because I understand this is not

my lane and this quite frankly is a

distraction and I'm allowed to have

hobbies just as long as my hobbies do

not distract me from the main thing so

as you hear all of this to me it's still

slightly baffling that you still have

Tik Tok or Instagram on your phone

unless you are using it to monetize

somehow now listen we live in an

attention economy and there are

thousands of people in businesses

desperately trying to get yours you've

got meta and Tik Tok who employ the same

people who make gambling machines to

program addictive qu qualities into

their apps getting your attention back

requires an incredible dedication to

removing the distractions from your life

I remember when I was 14 I was flipping

Instagram accounts I bought a

PlayStation I was playing FIFA Ultimate

Team and in fact I was actually even

making money from FIFA Ultimate Team by

trading players and then selling the

coins on but even still I realized that

this is holding me back for my greater

Ambitions because I knew that it was a

distraction I knew that I would always

rather be doing that than doing anything

else remotely constructive now you might

be looking around your room and

wondering if you could do the same thing

I'm not telling you to smash your

PlayStation right now instead let's

start small go into your phone and just

delete any app that looks like it could

take a second of your attention without

giving you something in return so that's

right Instagram got to go delete Twitter

delete Tik Tok now if you are making

money from these things very different

story that's a topic for another dat and

that's something that I'll be putting

out a lot more content about in the

future but if you're on Twitter just

because you like seeing random

on there how was that serving you in

life you always want an equal exchange

so ask yourself if you had a friend that

all they did was take take take take

take and give you nothing in return

would you still want to be friends with

them okay cool well then why are you on

Twitter why are you on Tik Tok unless

you're getting something back in return

why are you on these platforms and by

the way I'm on these platforms you might

even be following me on these platforms

so it's not in my best interest to tell

you to delete them but just

delete them and I hate to be the one to

say this but these distractions aren't

limited to technology if you're watching

this more than likely your friend are

trying to invite you on Fridays to have

little gaming parties or maybe go get

shitfaced at the local bar now I'm not

saying that you need to cut these people

out forever or remove them from your

life because for me honestly it's very

good for the soul sometimes to just go

and be stupid with your friends and have

fun and just act your age especially for

boys it's just good to be with your guys

sometimes and there's nothing wrong with

that but you need to understand for the

next 6 12 18 months they are not going

to be on the same wavelength as you so

you need to decide whether 7 hours of

social izing and a hangover every week

are really worth it to you right now so

as you're trying to get this plane off

the ground do you really want to do it

in stormy conditions do you really want

to do it with the winds working against

you now is not the time for distractions

now is the time for work unsurprisingly

this level of work and commitment is not

sustainable it's going to make you sick

and it's going to make you a pretty

miserable person to speak to so that's

why you need to set realistic goals and

a time limit to this dedication and one

of the most common mistakes I see people

making when they start out is making

wildly outlandish predictions and goals

you know I'm willing to bet that if you

scroll to the comments of this video

you'll see someone saying that they're

going to comment again in a year's time

when they're on a yacht with me smoking

a cigar and to that gentleman take this

in the nicest way possible you're

probably not now in 3 years 5 years

maybe 10 years that could be a totally

different story and by the way

constantly in my life I have these crazy

situations where people that I was

watching 10 years ago on YouTube or

watching their content think oh it'd be

so cool to meet this person or hang out

with this person we now meet as peers so

this stuff takes time you just need to

understand that in the short term in the

next year you probably won't become a

millionaire and that's totally fine now

maybe your business doesn't million in

Revenue but that doesn't mean that

you're a millionaire to me what being a

millionaire is is actually having

profited a million as in taking home

personally a million that's step number

one or even better having a million in

cash to me that's what makes you a

millionaire so is it realistic that

that's going to happen in one year

probably not obviously unless you have a

pre-existing business you have some

pre-existing background and you're just

scaling up what you're already doing but

as a beginner no it's not realistic and

that's fine but that's one year what you

can accomplish in 5 8 10 15 years is

beyond your wildest imaginations

so to the people who have these wild

aspirations with no timeline and

realistic goals they're forgetting the

whole point of this video that getting

started is the hardest part of the

journey take this as someone who's made

hundreds then thousands then Millions

then tens of millions your first 10,000

is always the hardest but once you do

you'll have overcome the inertia that

binds stationary objects next you need

to set a realistic time limit to achieve

these goals in I'm not saying this to be

kind or to say that you need to work

hard for 3 months and then give yourself

a week break I'm saying this because it

is a biological fact that no human can

sustain this level of focus and

determination for a prolonged period of

time I said it earlier humans need

friends we need distractions so when

someone tells me that they've been head

down working furiously for 2 years with

no breaks I know that they're lying now

how do we tie this all together well

you've probably heard me talk about monk

mode before this is a protocol that I

developed in my own life almost 5 years

ago at this point listen I'm in a good

position with my life and my business

where I don't require enormous amounts

of effort to keep things moving but a

couple times a year I go into monk mode

I enter into a state of massive

dedication and focus removing

distractions from my life and becoming

hyper productive and whilst this almost

always results in massive advances in my

business I'll be honest I do this

because I also like taking time off I

like socializing ING with my friends and

being silly which is why for me I go

into these periods of intense monk mode

and then from there I have no guilt or I

have no issues or I have no worries or

concerns about being social meeting

friends enjoying my life now you you

need to enter monk mode for a different

reason and listen while I could talk

about this for hours the truth is if

you're looking to enter into a monk mode

just go ahead on my YouTube and watch

all the videos I've made on it in this

video I just want to explain how it

relates to the first step of your

entrepreneurial Journey you see earlier

I spoke about how you need to remove

distractions in your life and reduce

your social commitments so you might

think therefore that this is all about

subtraction the truth is a little

different monk mode only works when you

apply it holistically to all areas of

your life you need to apply the same

diligence and commitment to your sleep

your diet and your body as you do your

work for most people that means eating

less sleeping more and sticking to a

simple gym regime this isn't so you can

get a sixpack at the same time as

earning your first $10,000 it's to

support your mind on the Journey Only by

fueling it properly and giving it the

things you need will you stand a chance

at success so ladies and gentlemen

today's video is really to remind you

and assure you that at the beginning

it's hard I'm not going to sit here and

lie that it's not but that's fine that's

part of the journey and I know that it

sucks for a bit and I know it's not

going to be easy for a bit but I promise

you listen to me I promise you this that

if you just get the plane off the ground

if you just get into that cruising

altitude I'm not saying that your life

becomes incredible and you never have

any worries or any fears but it just

takes so much less effort to sustain it

and keep the plane going than it does to

get it off the ground so that's why if

you apply the principles that I

mentioned in today's video not only are

you going to be able to get the plane

off the ground but you're going to do it

in a way where you don't absolutely

torment and torture yourself every day

because your expectations have been set

clearly so on that note I hope you

enjoyed today's video and as always I'm

watching from afar and I'm rooting for

you