Placeholder Image

Subtitles section Play video

  • four reasons why you'll never be a millionaire and how you can change that.

  • Do you hope to be a millionaire someday?

  • Yes.

  • Do you know they're over 18.4 million millionaires in United States alone?

  • Now, given those numbers, what do you think?

  • Your arts are right To join the ranks off millionaires in order to be a millionaire.

  • When you define exactly what is the definition off a millionaire?

  • In this case, we're gonna define a millionaire is someone who has a net worth off a $1,000,000.

  • Now, if you know anything about Net worthy, means how much you owe money is how much Oh, now all these millionaires, they didn't just wake up one day and say, Oh, great, now I'm a millionaire.

  • Know every single one of them unless they got it from the family.

  • They work very hard.

  • They save money.

  • They invest for the long term is not accidental.

  • Instead, it's much more intentional and strategic.

  • Now, what is very shocking about this is this.

  • No, only they are millionaires, but on average, it takes these millionaires 28 years to get that $1,000,000 net worth mark.

  • That's correct.

  • 28 years.

  • This is not get rich quick.

  • Most of them reached that millionaire status at the age of 49.

  • He's too shocking statistics.

  • Less than 5% of them get there in 10 years or less.

  • 5%.

  • Think about it, right?

  • I am one of that 5% I got there in 10 years or less.

  • Hit millionaire status in my late twenties.

  • So I know a thing or two about how money works.

  • So let's talk about what are the four reasons why you or how most people would never be a millionaire.

  • Number one.

  • You were never taught how money works in school.

  • Remember when you're going through a school?

  • Those classes Money 101 investing 101 wealth building one a one.

  • Remember those classes?

  • Those classes don't exist, right?

  • Were never taught how money works in school.

  • Your parents don't know how money works.

  • So they never taught you how money works.

  • The professor at school don't know how many worse, right?

  • The teacher that you had don't know how money works that people around you, your friends, your relatives, they don't know how money works, so dare fall growing up.

  • You never learn how money actually works.

  • What's ironic is this We spend our entire lives earning money.

  • Why do we go to school?

  • Think about it.

  • Get educated?

  • Yes, kind of.

  • But really is so that we could have a career.

  • We could get a job so that we could do what?

  • Earned money, right?

  • Why do we write that resume, right?

  • Why don't go to work every day to earn money.

  • So it's very fascinating that we spend our whole lives doing something right on the earned money, yet we never learn anything about it.

  • We don't know how to save money, because looking a fact that most people are in debt, we don't know how to manage money and forget about how they even multiply money and invest money.

  • This is why because off the conditioning in our society, because we were never taught how money works.

  • This is why most people don't become millionaires.

  • But what if you make money like a subject there?

  • You actually study in school?

  • Maybe in your spare time?

  • What if you study money like your life depends on it?

  • Because you're gonna spend your whole life earning it anyway, doesn't it?

  • make sense to study how money actually works.

  • Number two, You don't have a high income skill.

  • So our whole lives when you were young, your parents told you, go to school, get good grades, get a knife safe, secure job.

  • You were never taught to develop a high income skill.

  • Now I don't mean just a degree.

  • I don't mean just a certificate.

  • I don't mean just getting the diploma.

  • I'm talking about a skill, a skill set.

  • It's skill set is very different from a job.

  • A skew said.

  • It's something that you offer to the marketplace in exchange of money, and I define high income.

  • Skill is a skill that could earn you $10,000 or more per month.

  • That means $120,000 a year basically a six figure income.

  • And I've created a lot of videos on my YouTube channel that you could watch on high income skills you easily, tightly in high income skills, Dan locking and find a lot of eaters on that subject, so I'm not gonna go into it.

  • But the reason why most people don't become millionaires, it's because they don't have high income skills.

  • They don't even understand the concept off high income skills.

  • Unless you are offending my channel, you've been studying my work.

  • Then you know the importance of it so that the skill set is what is gonna give you the peace of mind.

  • Excuse It is what is gonna give you.

  • That's security.

  • Excuse It is what's gonna give you the financial confidence you see when you have the skill set you're not, depending on a company or or a corporation or whatever to pay you whatever you're worth, how much money you make.

  • It's on Lee, determined by how much value you could deliver to the marketplace with your skill set when he means is there's no ceiling to your income.

  • You could earn as much money as you want as long as you are willing to work on your skill sets.

  • And as long as you bring more value to the marketplace, is this making sense?

  • Reason number three.

  • Why you'll never be a millionaire.

  • And that is you have a negative relationship with money.

  • You see, when I was growing up, I heard a lot of negativity is when it comes to money.

  • Maybe he feel the same way What are some of things that you heard growing up?

  • When it comes to money, money is the root of all evil, right?

  • You think money grows on trees?

  • You know what happens when my mom would tell me that?

  • Finish a plate.

  • You know, we have kids.

  • They're kids starving in China, it's always coming from a place off scarcity that rich people are bad on media.

  • In movies.

  • You see that again and again and again, right?

  • Rich people are greedy that they hurt people, right?

  • They are selfish, even a term filthy, stinking rich.

  • But you don't hear filthy, stinking poor.

  • It's filthy, stinking, rich.

  • So there's a lot of negativity is when it comes to money.

  • Starting at a young age, we were taught, and we were some of these believes were planted in our minds.

  • We don't talk about it.

  • We don't want talk about second.

  • Almost like a taboo subject depends on where you're from.

  • Depends on your culture.

  • And now we are grown ups.

  • Now, now we want to earn more money, make more money.

  • But the problem is, there's so much negativity and so much negative association with money itself.

  • So it's like I want to earn more on the beam or I want to contribute more at the same time.

  • If I make Maury means that I'm a bad person, it means do that.

  • Maybe I'm an evil person.

  • It means who?

  • How people see me.

  • You see, when you have this problem here, you want to doom or you wanna earn more and you've got this negative.

  • Believe that's holding you back is exactly like you're driving.

  • You're pressing on the guests at the same time you have the emergency brake on to comment a little.

  • Think about one of some of these negative it ease some of the negative believes that you have that you were taught the other people planted in your minds common below.

  • What are some of these things that you've learned and how they have been holding you back?

  • And I could see even on YouTube in the comments, right.

  • Looking at the comment, it tells me you'll believe, and by looking at a common by knowing you believe pretty much I could predict your financial future is not magic, because if your negativity towards wealthy people towards money, guess what you broke is very very simple and it's dead.

  • Black and white.

  • Reason number four Why most people don't become millionaires.

  • And that is you get into debt buying stuff that you don't need to impress people that you don't even like.

  • You see, we are a consumer society.

  • We like to consume.

  • We'd like to buy and like, don't get me wrong.

  • I like nice things, too.

  • But are we buying nice things because we like them or we find them because we need approvals.

  • We're actually seeking validations.

  • We want to impress people that we actually don't give a damn about right or we're buying nice things because we want to impress people that we don't actually care about right.

  • They don't care about us.

  • We don't care about them or, you know, you buy something because someone Social Media says this and that right?

  • That comes with low self esteem.

  • And I'm beauty of this.

  • When I first started making some serious money was getting a new car every year, right, because I thought that would make me cool will make me look like I'm one of the guys, and I would get a new car every year.

  • Stupid trying to impress people.

  • Actually, nobody cares.

  • All I did was blowing money and not putting money aside for investing and growing by wealth.

  • Right?

  • What's getting like spending money going, travelling and and buying drinks for people when I don't even drink?

  • What's the point?

  • I don't even enjoy the time that I spend with those people.

  • It is silly.

  • It is stupid.

  • So I'm guilty of this, just like most people.

  • But one is realize.

  • Hey, you know why am I doing this?

  • Like what?

  • Actually makes me happy.

  • Then they're lost things that actually I don't need it.

  • I don't see that.

  • That doesn't give me any satisfaction.

  • Sometimes a simple as reading a book, right?

  • Sometimes is having those good conversations with your loved ones and your friends like those memories.

  • Right?

  • And I've got as you know, if you are a fan of my work and I've got a couple of nice cars, but I don't have 10 cars, I don't need a baby.

  • Drive the ones I have now, right?

  • So that's what I'm talking about.

  • So don't buy things because his seeking validation because of coming from our place off in securities instead.

  • If you want to buy something because you actually enjoyed you like it.

  • Enjoy the value.

  • That's great.

  • But you got to be very honest with yourself.

  • CSO See so many young people discerning goes that you have on my social media.

  • Do you actually want those things?

  • Are those things actually important?

  • For now?

  • One of the things that almost all millionaires have in common is they have exceptional, I mean exceptional communication skills because they recognize that communication equals wealth.

  • Now it could be communication skill in terms of public speaking one too many or communications skill, like this one on one sales closing negotiation.

  • It could be communication in terms of in print.

  • I call that copulating.

  • They have exceptional communication skills.

  • They know how to get that ideas across.

  • They know how to persuade influence, convince someone to take action, because that's the only way you can create leverage in life.

  • And that's the very first step to create wealth.

  • If you're serious about developing your communication skills, we offer some the best training's in the world on how to do exactly that, so he could be more, do more, make more and then eventually contribute more.

  • Click a link below and the time with one of my high income advisors and see which off our training programs is ideal for you.

  • Now.

  • I'm not saying you're gonna become a millionaire, but at the very least there's put you on the path.

  • Let's start.

  • Now is the time so clearly link and both times today.

four reasons why you'll never be a millionaire and how you can change that.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it