You're 18? YOU NEED These Skills

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Iman Gadzhi
I firmly believe that anybody who masters these skill sets will become a millionaire... as long as t...
Video Transcript:
now listen to me your income and wealth is merely a reflection of your personal life and that's why if you want to be a millionaire you need to have the skills of a millionaire and that's precisely why in today's video i'm gonna take a time machine and go back and share with you the seven millionaire skills that i wish i knew when i was 18 years old now some of these millionaire skills i actually implemented and was one of the big reasons why i ended up making my first million dollars profit at the age of
18 but some of these i completely overlooked and the fact that you're watching this video i guarantee if you take the things that i implemented plus the additional skills that i didn't implement at the time i guarantee you'll probably go on to be even more successful than i was and that's why this is gonna be a very exciting video and if you are even remotely serious about your success you're going to want to watch the full thing the first millionaire skill that you need to learn and this one might really really shock you is stop
watching the news now there are a few reasons for this the first one is you already have so much on your plate right like you've already got a big task in front of you which is you know becoming a millionaire you don't need all these additional extra inputs and stuff like that and quite frankly look there's nothing that's going on in the news that you're going to be able to affect change in this world as harsh as this sounds the only way that you can effect changes if you have money or you have an audience
aka a platform but you don't have either of those things like you're just trying to you know before you can take care of other people and deal with world issues and this and that and by the way this is coming from someone who's built schools for over 2 000 kids in nepal you know like i do my part but i'm telling you i couldn't have done my part if you know when i was 16 or 17 years old i was consumed by the news and i'm like you know how can i affect change in the
world like no i had to affect change in myself first and then once my life was abundant i could share that abundance for the world so that's number one it's like like anything on the news it's first of all not gonna affect your life like you know even when everyone argues about what president is and this and that like those do have some changes but like in your personal life for the goal of just trying to get to where you want to get to i can tell you has no difference so that's the main reasons
you've got so much on your plate and you're not really going to be able to affect change out there in the world based on the news and the news isn't particularly going to affect you at your stage and lastly and you'll learn this as time goes on you can't trust the news i mean i feel as though like it's been very fun for me to watch the last three or four years for people to really i think start to come to our realization but even from the age of 12 years old i was super diligent
that i specifically did not watch the news because i just knew it was one big conglomerate and that it was all owned by a very small subsection of people and that's why when i do try to learn about something i'm definitely not looking in the news so millionaire skill number one and by the way this is very funny because you know i got told growing up hey you know millionaires successful people they watch the news they stay informed and yeah maybe that may have applied in the 80s when there was sort of some sense of
real journalistic integrity these days it's just not true at all right you will be substantially poorer if you do follow the news so that goes ahead and knocks off number one the next skill you need to learn is a high income skill now this is truly the basis of everything that you want in life and even better than that not learning one high income skills but learning multiple high income skills and stacking them together i mean you can almost imagine lego blocks the more of these high income skills that you can stack the more money
that you'll make so when you're looking at something and you're deciding hey should i put my time and effort into this should i learn this skill ask yourself is this a high income skill is this a skill that will continue to pay me over the years you know a couple examples of high income skills is learning online marketing coding uh content creation sales millionaires have a high income skill that is valuable to the marketplace multi-millionaires have multiple high income skills that are valuable to the marketplace now i know that this is easier said than done
and you might be stuck as to like hey where do i actually get started that's why earlier this year i literally locked myself in this room for four full days to get to the bottom of the question which is what is the best high income skill in order to make a hundred thousand dollars a year online now i actually evaluated all this by creating the money making matrix now what it does it evaluates all the best business models online and then it uses data and a very specific formula to assess truly what is the best
business model in 2022 it's been one of my most popular youtube videos in the last year the comment section people absolutely love it so if you want to go check out that youtube video i will leave it in the first link in the description for your convenience anyways let's move on now skill number three is something that even multi-millionaires and billionaires struggle with to stay and the sooner you learn the skill the sooner you'll become a millionaire the next millionaire skill is learning to say no now this was something that i was amazing at growing
up but kind of as i made my first few millions you know you get distractions and you get opportunities and this and you just you start to pile on a little bit more things in your life but it's so important to stay disciplined and say no to 99.9 of things because when the right things come up you want to make sure that you actually have the bandwidth and the space in order to go all in with those opportunities learning to say no is one of the best skills you could learn in your life and especially
when you're first starting out it is so important learn to say no to your friends i want to go out and party learn to say no to favors you know you don't always have to do favors for people and also very importantly learn to say no to certain opportunities if you've already committed to one and you know that it's the right thing to get you to where you want to get to saying no is a way to have respect for yourself as well as what you're trying to accomplish and who you're trying to become in
life now moving on everyone travels but it's a real skill to know how to travel and that's why millionaire skill number four is travel but travel less now traveling to put yourself in a new environment can actually be incredibly productive for you in fact i spent a large portion of my year in cape town to just kind of get away from the noise and it's a great place for me to sort of work and focus the key is i go there for two to three months when i actually go now you might be wondering iman
why did you include this as the fourth millionaire skill and that's because i've seen something that really really trips people up and it's not when they first start it's when they make their first hundred thousand or two hundred thousand or three hundred thousand they make those sort of numbers you know they make six or multiple six figures and then they're like you know what this is cool but i could be traveling and doing this you know and they start traveling around the world and they've you know they're flying every two weeks or three weeks and
they're sort of nomading and they have to constantly adjust their new environments they have to find a gym they have to find you know restaurants they like they have to you know find a local supermarket that they like you know there's just so much uh instability in their life and as i said i found that digital nomadic really really caps out people you know here's the thing if you want to make 100k a year or maybe even 200k a year that's awesome then you know for sure uh you know do your digital nomad thing and
i think if i was digital nomadic right now it will work but that's because i've had my main business you know my advertising agency for six years at this point so i've learned how to build systems and stuff like that but for someone who's just starting out and said it's really important to have that stability of you know environment you know and just having your environment optimized so traveling is fine you know everyone needs to travel just be a lot more conscious and also when you travel try to travel to places that are you know
you're going to be spending the same amount of money as wherever you live or potentially even save money by traveling you know that's why i love cape town medellin is also a really great option and kiev you know used to be a really great option before you know obviously all the unfortunate events that are happening there and very interestingly that actually brings up one place that i always see people travel to but is a horrible horrible place if you actually want to get anything productive done and that is bali it's very difficult with time zones
it's in a very weird place in the world that's number one number two just sort of the nature of it it's like everyone's in shorts and flip-flops and it's it's just very very you know i've spent a lot of time out there and i've spent extended months out there uh it's just a very hard place to really really scale up your business and make that first million so as i said i wanted to include this as millionaire skill number four because i see a lot of people not when they're first starting out but once they
make a you know a initial decent amount of money i see a lot of people you know get tripped up with this now the next skill is the one out of the seven that i personally didn't learn sooner and i'm absolutely kicking myself because of it millionaire skill number five is start investing today listen to become a millionaire the most important thing is learn a high income skill and build a business now to stay a millionaire and then also multiply that wealth and continue to live the lifestyle of a millionaire you know over the future
years the most important thing is invest you know let me tell you something a lot of people aspire to make a million dollars but the issue is like first of all you have to pay taxes that's the one but let's say you even make it you know uh after after taxes in that right so you have a million dollars so either you live like a millionaire right and you'll spend you know hundreds of thousands a year let's say you know if you really want to live a good lifestyle you know uh fly you know business
and first class everywhere and stay in really nice places and dress in really nice stuff and have a nice car a nice watch and you know sort of like millionaire lifestyle you're gonna spend you know 300 400 500 000 you know it's very easy to even spend a million or two million a year i'm you know just being honest you know if you want to live like a true you know millionaire um so yeah let's say you spend 400 000 a year well you can only sustain that for two and a half years or what
you do is you live off your passive income and you know let's say you make anywhere from a seven to ten percent return that's very very reasonable with some of the options out there right now um so yeah let's say from a million dollars your now yields you seven to ten percent so you can only live off seventy to a hundred thousand dollars a year which you know you can live very well for sure but like that sort of like image in people's mind of like millionaire lifestyle like that's not you know you're not gonna
be able to live like that off you know making your first million dollars after tax so that's why it's important to keep growing your income and keep making money and then invest it so that way at some point your investment portfolio actually lets you live that millionaire lifestyle and in my case unfortunately i only started meaningfully investing uh when i turned 20 after i'd already made millions from the business investing isn't sexy and it's not the best tool in your arsenal for offense you know building your business is and continue to grow your business but
it's not only about offense it's about defense too when you invest your money you also don't spend as much because you actually have a place to put it to now i know a lot of people say that well you know you could just save and you can just put in cash but it's just at some point you're like that it doesn't bring you anything it doesn't bring you any yield it's not exciting it's just sitting there there's numbers in your account going up whereas when you invest in you know you see your portfolio rise and
you know especially if you start earning passive income from it and you know exactly how much you're making every week or every month from passive income it becomes so so so addictive invest now whether that's crypto whether that's stocks whether that's even having in stable coins just you know earning you passive yield every month or even alternative investments like you know nfts watches or any sort of collectibles whatever it is start investing sooner rather than later and by the way i don't care if you make a thousand dollars a month that's it doesn't matter to
me still invest 200 of it because really it's about getting in the habit because once you get to a point where you're making a hundred thousand dollars a month which trust me if you're watching this sort of content it's probably a lot sooner than you think if you get to that point in life then you have the habit of investing at least 20 of your income i mean at 100 000 a month it should be even more than that and you'll be surprised there's a lot of people out there who make millions a year but
spend millions a year so start investing asap the next millionaire skill will save you a lot of money and also really increase the quality of your life along the way and that's actually getting a really good tailor now once again this may be one of those skills where you're kind of scratching your head and going why have you included this and it's for a simple reason once people start making money i see people waste so much money on expensive clothes you know designer brands this that when instead all you had to do was go to
you know uniqlo or muji or like one of these really sort of high quality brands with you know uh you know no graphics or anything like that you know take an item from there go take it to your tailor and depending on the item it'll cost you anywhere from 20 to 40 dollars per item is that you don't need to go to the most expensive expensive tailors and you will look like a million bucks rather than wasting all this money on brands so clothes are such a waste of money but at the end of the
day fashion is a big part of our life and by the way this is coming from someone who doesn't wear items that are cheaper than 500 i mean you know even just a simple white cotton tee like this for me is 500 damn you know most of the time one of my outfits will cost anywhere from five to twenty thousand dollars between the shoes the jeans the shirt or sweater and jacket you know and there's not a single brand in sight you know i really like very high-end brands and i like really good quality and
finishing rather than you know just your designer stuff now i know that is ridiculous but you know in my position with the over eight figure investment portfolio and a business to make millions a year i really like fashion and i really don't like labels or brands i like to be you know more under the radar with what i wear but that's an area of life that i still like to spend a lot of money in so as i said this is coming from someone who spends a lot of money on their wardrobe and i'm even
telling you it's so unnecessary you know back in the day i used to go to some of these brands like uniqlo muji or i'd even go to um you know outlet stores of some of the brands that i liked you know brands like zedigan voltaire sandra which are a little bit more on the pricier side but if you go outlet stores you get them very cheap or i used to even go to second-hand stores especially when i lived in london there were some really good second-hand stores that had very nice brands it's just they've been
worn before and i would take all this cheap or at least relatively inexpensive clothing and i would take it to my tailor and i would look way better than the people who spent 10 times as much as i did but they didn't bother to get their stuff altered or tailored and as i said i was doing that stuff you know two three years ago when i'd already made millions of dollars so i said the reason i include this in is because it really pains me to see people who are on their way to making their
first million dollars and that's a very important point in your life and they're wasting money on designer brands and this and that like so i could have called the skill like hey just don't spend money on designer brands but they said get a tailor and you're gonna look way better than the people who are spending ten times as much as you in any case as i said clothes are an inevitable cost in life but you might as well be a little wiser when you shop now the last millionaire skills is learning how to use credit
cards and get it rewards now i only started using credit cards when i had just turned 20 and not only just credit cards but even just like loyalty programs for things that i was using often and stuff like that like i just should have started way way sooner or you know even just registering profiles at different places i was shopping and stuff like that like i just should have been smarter with the stuff and it's very painful because they said i only got my credit card you know right when i turned 20 and there was
millions of dollars of spending that i'd done between myself and the business that i could have gotten rewards for now i must stress that it is incredibly important that you actually trust yourself with a credit card and you know that you're the type of person that will pay back on time but if you can do both those things then a credit card is incredibly incredibly valuable i mean from the spending that i do on my amex anyways you know i live in dubai so i fly emirates basically everywhere i get 55 upgrades a year from
either economy to business or business to first class i don't fly 55 times a year or even better i get 14 round trips right so return business class free a year and if any of you guys have flown emirates before you know that their business class is very very good you know it's not like european airlines like you know you have your own bed and you have your own little sort of like private suite and stuff like that so it's great because my assistant if it's a night flight i just end up booking business because
i'm sleeping anyways and a bed is a bed especially if you have your own space like you do on emirates a380 or if it's a day flight then we book business and get instant upgrade to first class with points entirely for free so not only that i also get upgraded at so many hotels because of my american express card as well which is super ideal and there's tons of great other benefits and rewards as well that come with it now i know that you guys obviously won't be spending as much for your business and personal
as i will but you know especially with some of the incredible um sort of reward programs they get for signing up and spending a certain amount within a you know uh within the first two months or three months of joining whatever you can easily get a few upgrades a year and that alone is is great and totally worth it as i said if you're spending that money regardless so ladies and gentlemen with these seven millionaire skills not only will you be able to make your first million you'll be able to keep it and most importantly
you'll also be able to multiply it now i want you to go ahead and leave me a comment down below what millionaire skill do you think i left out i'm gonna be reading all of them and responding to you guys as well so i hope you enjoyed and catch the next one
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