7 Habits That Made Me A Multi-Millionaire By 21

How to Become a Multi-Millionaire by 21

In this video, the speaker shares his honest advice on how he became a multi-millionaire by the age of 21. He discusses seven powerful habits that helped him achieve success.

Reading is Key

• The speaker credits reading as the most important habit that made him successful.

• He recommends reading books every week and believes there is no medium as powerful as books.

• The speaker suggests borrowing books from friends or going to the library if you can't afford them.

• Reading helps develop a beginner's mind and allows for egoless execution.

Acquire High-Income Skills

• The speaker emphasizes the importance of acquiring high-income skills early on in your career path.

• He learned copywriting through his first business of flipping Instagram accounts.

• Through reading and expanding his vocabulary, he was able to learn social media growth and videography.

Take Action

• Taking action is crucial for success, even if it means making mistakes along the way.

• The speaker advises not to wait for perfection before taking action but rather to start with what you have.

Surround Yourself with Successful People

• Surrounding yourself with successful people can help you learn from their experiences and gain valuable insights.

• The speaker suggests attending events or joining groups where successful people gather.

Focus on Your Health

• Taking care of your health is essential for success because it affects your energy levels and productivity.

• The speaker recommends exercising regularly, eating healthy, and getting enough sleep.

Develop a Strong Work Ethic

• Developing a strong work ethic is crucial for success because it allows you to put in the necessary effort and time.

• The speaker advises setting goals and working towards them consistently.

Embrace Failure

• Failure is inevitable on the path to success, but it's important to embrace it as a learning opportunity.

• The speaker suggests reframing failure as feedback and using it to improve your approach.

Overall, the speaker emphasizes the importance of reading, acquiring high-income skills, taking action, surrounding yourself with successful people, focusing on your health, developing a strong work ethic, and embracing failure.

How to Build a Creative Agency as a Teenager

In this section, the speaker talks about how he built his creative agency at the age of 17 by combining three high-income skills. He encourages viewers to learn high-income skills even if they don't know how it will help them in the future.

Combining High-Income Skills

• The speaker combined three high-income skills to form his creative agency.

• By marrying these skills, he was able to earn $25,000 per month at the age of 17.

• Even if you don't know how a high-income skill will help you in the future, learn it regardless.

Importance of Learning Coding

• The speaker wishes he had learned coding when he was younger.

• As a 14-year-old running an Instagram account, he never thought it would aid him seven years later running an advertising agency.

• Coding is a valuable high-income skill that can be useful later down the line.

Joining Free Facebook Group for Agency Owners

• Viewers can join the speaker's free Facebook group for existing agency owners.

• The group is selective and only for existing agency owners who want to speak with the speaker once a week during live sessions.

Building an Abundance Mindset

In this section, the speaker discusses building an abundance mindset and preparing oneself for success. He emphasizes that most people haven't prepared themselves for success and are their own biggest enemy.

Building an Abundance Mindset

• Building an abundance mindset is essential for success.

• Most people haven't prepared themselves for success and are their own biggest enemy.

• Wealthy people are often portrayed negatively in movies and media but self-made entrepreneurs understand that money is simply a transfer of value.

Internal Work Required for Success

• Some people work hard but don't yield results because they haven't done the internal work.

• They don't believe that they're worthy of wealth or that there's an abundance of wealth out there.

• Attract what you are, and if you haven't already, look into quantum physics.

Importance of Meditating

• Meditating every day is essential for maintaining emotional homeostasis.

• Managing emotions through thick and thin is crucial for building wealth.

• Cryptocurrency and stock markets are simply a transfer of value.

Understanding Habits and Meditation

In this section, the speaker talks about how meditation can help individuals understand their habits and triggers. He emphasizes that being in control of emotions and thoughts is key to having a wealthy life.

Habits and Triggers

• Through meditation, individuals can start to understand their habits and triggers.

• Unconscious actions can be brought to consciousness through meditation.

• Meditation helps individuals understand why they do what they do.

Emotions and Thoughts

• Being in control of emotions and thoughts is key to having a wealthy life.

• Unconscious actions are driven by unconscious thoughts.

• Meditation helps individuals become more aware of their thoughts.

High Value Skills vs. High Income Skills

In this section, the speaker distinguishes between high value skills and high income skills. He explains that while high income skills are easy to quantify, high value skills are still important but not necessarily compensated for directly.

High Income Skills

• Examples of high income skills include copywriting, sales, content creation, programming.

• These skills can be compensated for generously as a service provider or entrepreneur.

High Value Skills

• High value skills are still important but not necessarily compensated for directly.

• Examples of high value skills include finding talent, managing cash flow, understanding run rate.

• These skills serve more long-term goals rather than immediate compensation.

Focus on Character Rather Than Income

In this section, the speaker emphasizes the importance of focusing on character rather than income. He explains that by focusing on who you need to become in order to make money, tactics and tricks will come naturally.

Becoming Who You Need to Be

• Focusing on character is more important than focusing on tactics or tricks.

• By becoming who you need to be, making money will come naturally.

• The speaker shares an example of how he shot himself in the foot by not focusing on character over the last five years.

Developing Character Traits for Success

In this section, the speaker talks about how developing character traits such as humility, punctuality, and gratitude helped him make good long-term choices and remove his ego from decision-making.

Importance of Developing Character Traits

• Making decisions based on ego can hold you back.

• Focus on developing character traits to reach your goals.

• Punctuality is important for success.

• Humility is a trait that needs to be developed with age.

• Gratitude is essential for personal growth.

Investing Habits for Financial Success

In this section, the speaker emphasizes the importance of investing habits in achieving financial success.

The Power of Investing

• Get into the habit of investing as soon as possible.

• Investing helped the speaker become a multi-millionaire by age 21.

• Investing is the only true passive income out there.

Building Wealth through Investing

In this section, the speaker discusses the importance of investing for building wealth and achieving financial freedom.

Real Passive Income

• Real passive income comes from investments that slowly grow and compound year after year.

• Investing keeps your lifestyle in check and allows you to achieve financial freedom without having to constantly scale up your business.

Personal Investment Strategy

• The speaker has gone heavy into investing over the past year, putting 50-70% of his income into investments.

• His goal is to reach an investment portfolio of $25 million by age 25.

• Having a specific investment goal can help with planning and budgeting for the future.

Importance of Business Growth

• While investing is important for long-term wealth, it's crucial to focus on building up your business first before investing heavily.

• It's far easier to scale up a business than it is to see significant growth through investments alone.

Budgeting with Investments

• The speaker uses his investment portfolio as his monthly budget, which has given him more gratitude in life and appreciation for things he has.

• Understanding how much your investment portfolio makes you monthly can help with budgeting and planning for expenses.

Seven Habits that Made Me a Multi-Millionaire by Age 21

The speaker shares seven habits that helped him become a multi-millionaire at a young age.

Habit #1: Focus on One Thing at a Time

• Focusing on one thing at a time helps with productivity and achieving goals faster.

Habit #2: Invest in Yourself

• Investing in yourself through education and personal development can lead to greater success.

Habit #3: Take Action

• Taking action is crucial for achieving goals and making progress.

Habit #4: Build a Strong Network

• Building a strong network can provide opportunities for growth and success.

Habit #5: Focus on Providing Value

• Focusing on providing value to others is key for building a successful business or career.

Habit #6: Embrace Failure

• Embracing failure as a learning opportunity can lead to greater success in the long run.

Habit #7: Have a Clear Vision

• Having a clear vision of what you want to achieve can help with motivation and staying focused on your goals.