i just sold my company for millions and now i'm depressed lol

JWELCH
31 Jul 202417:07

Summary

TLDRAt 26, after selling his software company for millions, a young entrepreneur travels through Europe, spending over $100,000. Despite achieving his dreams and financial success, he feels unfulfilled. He shares that true joy comes from meaningful creation and personal growth, not external achievements or money. He emphasizes the importance of internal work, meditation, and staying true to oneself in business. He warns that chasing money alone can lead to emptiness, advocating for a focus on building valuable, authentic ventures that provide real satisfaction and fulfillment.

Takeaways

  • πŸ’° The feeling of accomplishment from wealth is fleeting and does not bring lasting happiness.
  • 🌍 Traveling and living a luxurious lifestyle, while exciting, do not equate to finding inner peace or fulfillment.
  • πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Taking care of family and loved ones with newfound wealth can be a source of happiness and purpose.
  • 🎨 True joy comes from creating something meaningful and valuable, whether it's art or a product that improves lives.
  • πŸ’Ό Focusing solely on making money in entrepreneurship can lead to dissatisfaction and a lack of fulfillment.
  • 🚫 Chasing money without purpose can result in unethical behavior and regrettable decisions.
  • πŸ§˜β€β™‚οΈ Internal work, such as meditation and building a relationship with a higher power, is crucial for finding peace and happiness.
  • πŸ’‘ Appreciating early struggles and successes in one's career is important, as they are special times that provide unique satisfaction.
  • πŸ›‘ The pursuit of external validation and material possessions often leads to a realization that they do not fulfill the inner void.
  • πŸ’– The value of money is in its ability to help others and contribute positively to the world.
  • πŸ”„ It's essential to build a business or create a product that aligns with one's values and passions for long-term fulfillment.

Q & A

  • What is the main theme of the video script?

    -The main theme of the video is the realization that external success, wealth, and material achievements do not necessarily bring long-lasting happiness or fulfillment. The speaker emphasizes the importance of finding joy in the process of creation and internal work rather than relying on external accomplishments for happiness.

  • Why does the speaker feel unfulfilled despite selling their company for millions?

    -The speaker feels unfulfilled because the anticipated happiness from achieving such a significant financial milestone did not materialize. They realized that the joy they expected from external success was fleeting and that true fulfillment comes from internal peace and meaningful work.

  • What advice does the speaker give to those starting their entrepreneurial journey?

    -The speaker advises those starting their journey to focus on finding enjoyment in the early stages of their career and to create businesses or products that are meaningful and true to themselves. They warn against solely chasing money, as it may lead to emptiness and dissatisfaction even after achieving financial success.

  • How does the speaker describe the difference between early and later stages of their career?

    -The speaker describes the early stages of their career as more fulfilling because small achievements, like their first sale, brought significant joy. In contrast, later stages, even with substantial financial success, brought less happiness, highlighting the diminishing returns of external achievements.

  • What does the speaker identify as the only thing that currently brings them joy in business?

    -The speaker identifies creating art that feels true to them and building products or businesses that provide real value to the world as the only things that currently bring them joy in business.

  • What is the lesson the speaker wishes they had known earlier in their journey?

    -The speaker wishes they had known that external success would not bring the happiness they were seeking and that it was more important to appreciate the early stages of their journey and focus on internal fulfillment rather than rushing toward financial success.

  • How does the speaker suggest finding true peace and fulfillment?

    -The speaker suggests finding true peace and fulfillment through internal work, such as meditation, building a stronger relationship with God, and engaging in meaningful activities that resonate with one's true self.

  • What personal practices does the speaker mention that help them find peace during turbulent times?

    -The speaker mentions meditation as a key practice that has helped them find peace during turbulent times. They also reference their current efforts to improve their religious practices, such as prayer and Bible study, to strengthen their relationship with God.

  • Why does the speaker warn against chasing trends in business?

    -The speaker warns against chasing trends in business, such as getting into crypto or dropshipping just because others are making money from it, without considering if it aligns with one's true interests. They believe this approach can lead to unfulfilling work and potential business failure.

  • What is the speaker's view on the role of money in life?

    -The speaker acknowledges that money provides freedom and the ability to take care of loved ones, but they stress that money alone cannot bring lasting happiness or fulfillment. They believe that money's true value lies in its ability to help others and support meaningful endeavors.

Outlines

00:00

πŸ’° The Pursuit of Happiness Beyond Wealth

The speaker reflects on their recent sale of a software company at the age of 26, which resulted in millions in profit. Despite celebrating with an extravagant trip across Europe, they find themselves feeling empty and unfulfilled. The paragraph emphasizes the transient nature of happiness derived from material success and the realization that external achievements provide only momentary satisfaction. The speaker shares the insight that true joy comes from creating meaningful work and contributing value to the world, rather than solely pursuing wealth.

05:01

🌱 The Importance of Appreciating the Journey

This paragraph delves into the idea that the early stages of one's career are some of the most precious times in life. The speaker advises against being overly focused on reaching the next level of success, as this can lead to missing out on the satisfaction and beauty of the present. They stress the importance of finding enjoyment in the beginning stages and warn that as one becomes more successful, it becomes increasingly difficult to find happiness in business and accomplishments. The speaker also touches on the irrelevance of money beyond meeting basic needs and the true value of money in helping others.

10:02

πŸ§˜β€β™‚οΈ Finding Fulfillment Through Internal Work

The speaker shares their personal struggles, including being scammed by a business partner and losing a significant amount of money. They highlight the role of meditation and internal reflection in finding peace and fulfillment during these challenging times. The paragraph discusses the misconception that external success, such as wealth and luxury, will bring lasting happiness. Instead, the speaker advocates for building a stronger relationship with one's spirituality and the importance of creating something meaningful and valuable to the world for true satisfaction.

15:04

πŸ›  Building a Business True to Yourself

In this paragraph, the speaker discusses the importance of building a business or product that is genuinely aligned with one's interests and values. They share their own experiences with businesses that were not true to themselves, which either failed or left them feeling unfulfilled despite financial success. The speaker encourages viewers to focus on what they genuinely enjoy and how they can turn their passions into a profitable business, rather than blindly following trends or chasing money.

Mindmap

Keywords

πŸ’‘Entrepreneurship

Entrepreneurship refers to the process of designing, launching, and running a new business, which typically involves taking on various risks to create something of value. In the video, the speaker has been involved in entrepreneurship since the age of 13, and it's central to his journey of achieving financial success and self-fulfillment. The script mentions how the speaker's early days in entrepreneurship were filled with dreams of travel and financial independence.

πŸ’‘Millionaire

A millionaire is an individual whose net worth or wealth is at least one million units of currency. The term is used in the script to describe the speaker's financial status after selling his software company. It's a milestone the speaker achieved, which he initially thought would bring him ultimate happiness, but he later realizes that it's not the key to lasting joy.

πŸ’‘Fulfillment

Fulfillment, in the context of the video, refers to a deep sense of satisfaction and happiness that comes from achieving one's goals or finding meaning in one's life. The speaker discusses how achieving external success as a millionaire did not bring the expected level of fulfillment and that true fulfillment comes from internal work and creating something meaningful.

πŸ’‘Meditation

Meditation is a practice of focusing the mind and achieving a mentally clear and emotionally calm state. The speaker mentions meditation as a tool that has helped him find peace and deal with chaotic times in his life. It's part of his internal journey to find joy and fulfillment beyond material success.

πŸ’‘Internal Work

Internal work refers to the process of self-reflection, self-improvement, and emotional or spiritual development. The speaker emphasizes the importance of internal work for achieving true happiness and fulfillment, suggesting that it's more important than external achievements like becoming a millionaire.

πŸ’‘Joy

Joy, in this video, is described as a profound sense of happiness and pleasure. The speaker contrasts the fleeting joy of achieving financial success with the deeper, lasting joy that comes from creating meaningful work and engaging in internal work, such as meditation and building a relationship with a higher power.

πŸ’‘Money

Money, in the context of the video, represents financial resources and wealth. The speaker reflects on the idea that while money can provide freedom and help support loved ones, it is not the ultimate source of happiness or fulfillment. He shares his realization that the pursuit of money alone can lead to emptiness.

πŸ’‘Success

Success, in the video, is initially equated with financial achievement and the ability to live a luxurious lifestyle. However, the speaker redefines success as the creation of meaningful work and the internal journey towards self-fulfillment, rather than just external wealth and status.

πŸ’‘Value

Value, in this context, refers to the worth or importance of something, particularly in terms of its usefulness or significance. The speaker believes that creating a product or business that provides value to the world is more important than just making money, and it is the key to both financial success and personal fulfillment.

πŸ’‘Authenticity

Authenticity is the quality of being genuine or true to oneself. The speaker advises viewers to pursue businesses or projects that are authentic to their interests and passions, rather than just following trends for monetary gain. Authenticity is portrayed as essential for creating something meaningful and achieving true fulfillment.

πŸ’‘Happiness

Happiness, in the video, is discussed as a state of well-being and contentment. The speaker reflects on his journey and concludes that happiness is not found in material wealth or societal status but rather in the internal work of self-discovery, meditation, and creating something of value.

Highlights

At 26 years old, the speaker sold their software company for millions of dollars and went on a $100,000 trip across Europe to celebrate.

Despite achieving financial success, the speaker feels unfulfilled and finds that external accomplishments don't provide lasting happiness.

The speaker reflects on the joy of creation and meaningful work, stating that these are the true sources of fulfillment, not money.

The speaker shares a lesson that the early stages of one's career are some of the most special times and should be appreciated.

They emphasize that focusing solely on making money can lead to emptiness and regret, rather than fulfillment.

The speaker reveals that the satisfaction of a small early sale felt more rewarding than receiving a multi-million dollar payment.

The speaker discusses the importance of internal work, such as building a relationship with God, meditation, and self-reflection, in finding true peace and happiness.

They share a story about a past business partner who scammed them, leading to financial hardship and a period of deep personal growth.

Despite now living a luxurious life, the speaker feels they are back to the same emotional state as during their past struggles.

The speaker warns that having a $100,000 vacation in Europe won’t bring the expected joy or satisfaction.

They stress that achieving external success won’t change how one feels internally for more than a short time.

The speaker advises finding enjoyment in the process and creation rather than just in the achievement of goals.

They discuss how important it is to build a business or product that aligns with one's true self, rather than just following trends for money.

The speaker recounts past mistakes where they built businesses not true to themselves, which led to dissatisfaction despite financial success.

They conclude that true fulfillment comes from doing internal work and creating something genuinely meaningful and true to oneself.

Transcripts

play00:01

okay so a couple weeks ago at 26 years

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old I sold my software company for

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millions of dollars and to celebrate I

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came out here to Europe we're spending

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over $100,000 on this trip we went to

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Italy we went to Amsterdam we went to

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Madrid Barcelona going to Greece we're

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partying with the biggest DJs going

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shopping every day doing all the stuff

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that I dreamed about doing when I was

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younger and for some reason I feel

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nothing now I'm not making this video to

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ask for some sympathy or something like

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that I'm making this video and starting

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this new channel just to give you guys a

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real look at what it's actually like at

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this level because when I was younger

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I've been doing this entrepreneurship

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internet stuff since I was like 13 years

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old when I was younger this is all I

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ever wanted I wanted to be able to

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travel I wanted to be able to take care

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of my family I wanted to make money from

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my phone or from my computer and do the

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things that I always love to do and now

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I feel like I feel like I've achieved

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that I became a millionaire years ago I

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retired my mom she does what she loves

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for a living I send her thousands of

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dollars every single month I have a

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happy relationship dream house in Miami

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dream car whatever I'm not it doesn't

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matter what I'm learning now at this

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stage of my life is that none of this

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external matters at all I'm finding

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that when you accomplish things it feels

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good only for a moment it only feels

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good for like the day that you do it or

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the day after you do it and I thought

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that selling this company was going to

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be different cuz it's the most amount of

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money I ever made like just to give you

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some context the amount of money I made

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last month is enough money to probably

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take care of my children when they come

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around like we're good now so I was

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assuming that once that wire hit my

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account I was going to be like over the

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moon a lady I was going to be feeling

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like a whole new level of Happiness

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unlocked

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and for some reason it's it's not that

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now it's easy for me to say oh whatever

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when you get these things it doesn't

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feel so good whatever cuz I know

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somebody's watching this video and

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they're in a less fortunate situation

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but there's a reason why I want to share

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this with you and it's a very important

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lesson that is underlying in this entire

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video and the lesson is that the joy

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should come and does come from the

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creation and from the work of things

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that are meaningful to you for me at

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this stage of my life the only thing

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that gives me true true true Joy outside

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of the basic things like life itself and

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enjoying a walk and enjoying a

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conversation and enjoying a good meal

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the thing that gives me the most Joy Bar

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None is creating a piece of art that

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feels true to me or building a business

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or product that actually provides value

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to the world the money will follow if

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you can create cool art if you can

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create products that actually make the

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world a better place the money is

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guaranteed to follow and I see so many

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people getting into this game of

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Entrepreneurship and the only thing that

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they are focusing on is how can I make

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more money now this in my opinion is the

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greatest mistake that you can make as a

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beginner because if you only focus on

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making money not only will you not make

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money but once you get the money you

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will feel emptier than ever before it's

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the sole reason why people do Shady

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low-level things just to get money and

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then end up with a lifetime of karma or

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even sometimes go to jail because they

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chased only money this type of video is

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new for me so forgive me if I struggle

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and I got to chop it up a little bit but

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I'm not going to editing this putting on

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music nothing like that I'm just giving

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youall the real thoughts that's on my

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mind at this stage of my life what I'm

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saying is that if I could go back in

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time I really wish I could have

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appreciated those early days even more

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the reason why is because back then it

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took so much less to get to the level of

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happiness that I have to get to right

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now like for example when I made a sale

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on my first online store and it I

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remember it till this day it was a

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$14.99 sale somehow that feeling was

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better than the feeling that I got of

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getting this multi-million dollar wire

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to my bank

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account it doesn't make sense it's not

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supposed to make sense and that's why

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I'm sharing it with you because nobody

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will ever explain these things to you

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but it's just the truth the lesson and

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the first lesson that I want to share

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cuz I got a couple that I want to share

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in the midst of all this the first

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lesson is that this stage that you're in

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right now I don't know you I don't know

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where you're at right now but if you're

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just getting started in your journey

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maybe you made a th maybe you made

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10,000 hey maybe you made a 100,000

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maybe you haven't made anything this

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early stages of your career are some of

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the most special times of your life and

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you cannot get too focused on fast

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forwarding and getting to the next stage

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because not only will you miss the

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beauty that's in front of you but you're

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going to miss out on the satisfaction

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that comes from those beginning days

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that you'll never get ever again for you

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watching this video if you're just

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getting started on your journey it's so

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important they able to find enjoyment in

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this beginning stage and actually find

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some fun in it because the next level

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that you reach when you become a

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millionaire and when you become

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successful I find it to be a lot harder

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to just feel happy about business and

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accomplishments as I said the only thing

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that makes me feel good in business now

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is making a piece of art that I feel is

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really cool like with my YouTube channel

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or creating a product like I did over

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the years that helps people whether

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that's helped them starting a business

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whether that's helped them in their

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personal life we've done that for years

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and that's the only thing that makes me

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feel anything the money is sort of

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irrelevant it's not that money doesn't

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matter because it does like I wouldn't

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want to be broke right now I like the

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freedom that money provides me just this

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morning I had

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a 40 minute conversation with my mom and

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we're we're dealing with a lot of stuff

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right now behind the scenes with our

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family and because I'm in the position

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that I'm in and I have the money that I

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have I'm able to help them and that's

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where the money becomes really special

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but outside of that for yourself the

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money can only do so much I mean you can

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buy yourself a nice house you can take

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care of your basic needs you can get all

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the luxurious stupid stuff and go crazy

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you know it's whatever but outside of

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the basic needs money can only do so

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much for you the true value of money

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comes from being able to give it back to

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the people you love and help out the

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world helping out your community helping

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out your people and ultimately in the

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end helping out as many people as you

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possibly can but so many kids are

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thinking that the second that they get

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rich and they turn up and they get their

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rolly and they get their little Supercar

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that everything's going to be lit so

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many people this is a funny one think

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that once they can travel the world that

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they're going to magically find

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themselves and ultimately become this

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new enlightened self but I'm not finding

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these things to be true like after

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making 10 million plus dollars selling a

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selling two companies I've sold two

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companies now at 26 years

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old it it's not that okay it's not that

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the enjoyment comes from building and

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also from digging deeper within I don't

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want to get too spiritual and too

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esoteric in this video but if you're

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expecting some external thing to come in

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and make your life better you are in for

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a rude awakening when you finally

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achieve those things that peace that

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you're striving for is already within

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you the way you can get access to it is

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by building a stronger relationship with

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God which is something that I'm trying

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to do right now I haven't been the best

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in my religion I haven't been the best

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with prayer and daily uh Bible study but

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that's something that I'm on the Journey

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of now what has helped me over the years

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more than anything is meditation

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meditation is something that I've always

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done and always revert back to when

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things start to feel a bit chaotic and

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crazy in my life it's from that journey

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of Stillness and digging deeper within

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that I'm able to actually find some

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peace in my life funny story about this

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company that I sold for millions of

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dollars in 2018 I had a situation with

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the company in which the one business

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partner that I had scammed me for all

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the money we made which was around

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$20,00 000 at the time this was pretty

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much all the money I had to work with I

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didn't have any other money in my

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savings account maybe like a couple

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thousand bucks and I had my credit cards

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through the roof and I had crazy

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expenses so when that happened to me I

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was basically back to square zero and I

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can say that was one of the most

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turbulent difficult times of my life I

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feel like for most of you guys

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especially you watching this video that

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situation would have probably just put

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y'all in the not in the grave but in the

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gutter you would have stopped you would

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have gave up on the business and the

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lesson in there is that during those

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times when I literally had no money I

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was $30,000 in debt I was sleeping back

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on my mom's couch I went from basically

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having money living a good life in LA to

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literally sleeping on my mom's couch it

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was the meditation and it was that

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internal Journey that allowed me to find

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some peace and fulfillment throughout

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that process

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it it didn't come from me figuring

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something out Magic and then everything

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took off and boom it was like I had to

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dig deep within while I was going

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through the biggest struggle of my life

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to finally see the other side of that

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and now I'm sitting here in posano on

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the edge of a cliff at the most

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expensive hotel out here and for some

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reason I feel like I'm back in the same

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predicament that I was in um 6 years ago

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with that situation I don't feel my

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happiest I I don't feel super fulfilled

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I mean there are moments like we were in

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Amsterdam with my favorite DJs of the

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world these guys another I've been

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following them for a long time we've

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gotten to know them now and we got to go

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to their party we're on stage with them

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we're turning up like that's that I

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dreamed of you know and now we got to be

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friends with them some of the nicest

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kids I ever met but other than these

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little moments that come and go running

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into subscribers hearing your guys'

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stories always makes me feel good but

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these days when I'm just like sitting

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here looking over the mountain it's not

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like it's not like the the oh let me

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kick back oh I made it put my feet out

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no bro it's it's like your brain is

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almost always like okay what are we

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doing what's next like these things are

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not going to satisfy you the way that

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you think that they are having a

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$100,000 vacation in Europe is not going

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to bring you the joy that you think it

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is now my dream is that all of you can

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get to the level that you can experience

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it for yourself so you can really

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realize that it's not what you think it

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is but I'm just giving you a fair

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warning the warning is not you shouldn't

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strive for these things you should dream

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bigger than anybody else you should go

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to make hundreds of millions of dollars

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and achieve all the commercial success

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you should ever want but you need to

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prepare your mind and you need to

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understand that once you get these

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things it's not going to change how you

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feel if it does it's only going to last

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for a little bit of time and then you're

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going to go back to zero so what I I

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need you to understand moving forward in

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your life whether you have zero or

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whether you have a million dollars and

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you're watching this video is you need

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to do the internal work and when I say

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this I'm speaking to myself more than

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anything you need to do the internal

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work because it is from that journey

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within it is from taking care of

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yourself it is from talking with God

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it's from those moments of Stillness

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that you find Joy it's not from any

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external level it's not from any

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external success that you will get these

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things and I wish someone told me this

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earlier in my journey because I think I

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would have been able to appreciate some

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of the hard times a little bit more now

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when I look back at those times those

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are those are some of the most precious

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times in my life I mean my dad was still

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alive back then um I had a relationship

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with my brother um I didn't have all the

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responsibilities that I have right now

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it was like a very simple and free time

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time yet I was so sad all the time

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because I just wanted to be a

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millionaire and I just wanted to be so

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successful but now I'm a multi multi

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multi-millionaire I got bunch of real

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estate crypto watches stocks cars

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everything I I got I got I got

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everything I'm not the richest man in

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the world but I promise you I'm good and

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it's

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like it's whatever I I don't feel any

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different than I did back then

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and nobody ever nobody ever talks about

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this stuff all these people on the

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internet especially the my peers and I

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love all them they just put out this

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image that like yo once you get some

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paper bro you're good so buy my course

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and get some paper it's

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like it's not true what's more important

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than getting some money is finding a

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path that is true to you and building

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something that you are genuinely proud

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of and something that you genuinely feel

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like is adding some value to the world

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that will not only bring you more money

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than you know what to do with but it

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will bring you more internal fulfillment

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and peace than any level of money you

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could ever acquire in this physical

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world so when you guys are going out

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there and you're thinking about what

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should I do what should I build what

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should I focus on maybe start there

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maybe don't start with oh hey

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everybody's getting rich with crypto

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right now so let me go mess around with

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crypto oh hey everybody's getting rich

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with Drop Shipping right now let me go

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mess around with

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that I don't think that's the way I

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think it's much smarter for you to think

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what do I actually like to do what

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what's what's fun for me and how can I

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turn that into an actual business that

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can get me paid sure we can look at

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what's working for others we can take

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inspiration we can even pull what

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they're doing completely but how can we

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flip it at least a little bit to be true

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to

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us I feel like I've made mistakes in my

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Journey where I've built businesses that

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were not 100% true to me and almost

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unanimously when I've done that either

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the business completely flopped or when

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I got the business to making money I was

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like what is this thing do I really want

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to build this thing like bro I had a

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business in 2018 we were making like

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$2,000 a day on Shopify I was selling

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wigs like like wigs for black women hair

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like I didn't even had dreads at the

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time so I didn't even understand a lot

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about hair at all I just thought oh well

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could make money doing this so let me do

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it it's stupid bro and I see this all

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the time I see 18-year-old dudes selling

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women's beauty products they never step

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in Sephora in their entire life they

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have no idea what they're doing they

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just see a bag and they go for

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it

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anyways like I said I sold my company

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for Millions I've done everything that I

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wanted and still to this day that hole

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hasn't been filled in terms of wow I

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feel like I made it I truly believe

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the only way to satisfy that internal

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Gap is from doing the internal work from

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taking care of yourself as best as you

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can every day from taking care of the

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people around you and most importantly

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building a business or creating a

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product that is genuinely true to you in

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your heart of hearts and if you can do

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that I think you'll be all right so let

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me know if you guys like this new style

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of video this is new for me I just

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wanted to get some of my thoughts off in

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a way where I didn't have to super edit

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the videos and I want to build a better

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relationship with you guys you guys are

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my family here on YouTube and I don't

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really like to journal that much so just

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give me a way to sort of get my thoughts

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and get my ideas off let me know in the

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comments if you feel what I'm saying

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another day another W and uh I'm going

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to try my best to enjoy this place look

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at this place bro I mean it's kind of

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fire we got a we got a pool we got the

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views got the whole city over

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there I promise you I'm not complaining

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I'm just telling y'all the real and

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that's my goal with this channel so I'll

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see you in the next video

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