How I Made $3 Million In 6 Months as a 20 Year Old Female Entrepreneur

Summary

This inspiring narrative follows a 20-year-old female entrepreneur's journey to amass three million dollars in six months. Starting from a challenging background, she leverages her unique experiences and a pivotal book recommendation to redefine success. After a transformative personal loss, she drops out of college to pursue entrepreneurship, eventually finding success in Airbnb and coaching others. Her story emphasizes the importance of intentional actions, a positive mindset, and the power of believing in oneself despite societal expectations.

Takeaways

• 🎓 Early Realization of Difference: The speaker recognized her uniqueness from an early age, being in advanced classes and feeling a sense of not fitting in.
• 📚 Influence of 'How to Win Friends and Influence People': A book recommended by her brother had a significant impact on her mindset and aspirations.
• 🏆 Brother's Ambition: Her brother's goal to become a millionaire by 22 inspired her, despite their background of limited financial exposure.
• 💔 Life-Changing Loss: The death of her oldest brother at 22 caused a profound shift in her perspective on life, leading to a focus on what truly matters.
• 🧘‍♀️ Self-Isolation and Focus: After her brother's death, she became more selective with her time, focusing on her art, work, and family.
• 🏫 Reevaluating Education: She questioned the importance of school and the value it added to her life, ultimately deciding it was not the path for her.
• 💼 Dropping Out to Pursue Entrepreneurship: Inspired by the idea that successful people make quick decisions, she dropped out of college to become an entrepreneur.
• 🏠 Success with Airbnb: She found success in the Airbnb business, initially renting properties and later mastering rental arbitrage.
• 👥 Coaching and Scaling: After proving her success, she and her partner started a coaching business to help others replicate their achievements.
• 💰 Significant Financial Growth: The speaker and her partner experienced exponential financial growth, reaching millions in revenue.
• 🚀 Overcoming Prejudice: As a young, female entrepreneur of color, she faced skepticism and had to prove herself in a male-dominated business environment.
• 🌟 The Power of Intentionality: The speaker emphasizes the importance of being intentional in one's actions and decisions to achieve desired outcomes.
• 👂 Choosing Who to Listen To: She advises on the importance of selecting who influences your life, focusing on those who align with your goals and values.
• 🔄 Being True to Yourself: Encourages staying true to oneself, not conforming to societal expectations, and embracing one's individuality.

Q & A

How much money did the speaker make in six months at the age of 20?

The speaker made three million dollars in six months at the age of 20.

What types of classes was the speaker in during high school?

The speaker was in advanced classes, including AP and honors classes during high school.

What challenges did the speaker face in terms of fitting in due to her diverse background?

The speaker, being black, Hispanic, and Muslim, went through various phases trying to figure out her identity and struggled to fit in due to her diverse background.

What book did the speaker's brother recommend to her and why?

The speaker's brother recommended 'How to Win Friends and Influence People' because he believed it would change her mindset and help her be successful.

What impact did the speaker's oldest brother's death have on her perspective on life?

The death of her oldest brother made the speaker realize that life is short and caused her to reevaluate what was important to her, leading to a focus on her art, work, and family.

Why did the speaker decide to drop out of college?

The speaker decided to drop out of college because she felt the assignments were not helping her progress in the area she wanted and she wanted to learn from successful people directly rather than from professors.

What business did the speaker start after dropping out of college?

The speaker started an Airbnb business, initially renting properties and eventually learning and mastering rental arbitrage.

How did the speaker's coaching business come about?

The coaching business came about after people started noticing her success with Airbnb and asked her to teach them how she was doing it, leading her and her partner to create a coaching program.

What role did the speaker's partner, Bryson, play in their success?

Bryson played a significant role in the speaker's success, particularly in changing her mindset and helping her realize the importance of a positive mindset in attracting positive outcomes.

How did the speaker's family get involved in her business?

The speaker was able to hire her family members to work with her in the coaching business, providing them with opportunities for growth and more time freedom.

What advice does the speaker give to others who want to be successful entrepreneurs?

The speaker advises others to think bigger, learn who to listen to, be intentional in their actions, and not to conform to societal expectations or pressures.