Do THIS if You're BROKE

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Iman Gadzhi
From not being able to afford books to spending millions every year, this is what ultimately allowed...
Video Transcript:
so look you are broke and quite frankly that's okay as long as you make the conscious decision to change your life's circumstance or go back to eating Cheetos and playing fortnite honestly up to you but if you're watching this video I want to actually congratulate you because you took the first step and the first step is acknowledging that you are not where you want to be and accepting the fact that it is in your power to change that so if you watch the entirety of this video I'm going to show you exactly how to assess
your current situation look at your strengths your weaknesses and how to use that to your advantage to go from broke to financially flourishing now the first thing you need to do is honestly assess your assets and I'm not talking about your real estate portfolio or your stock portfolio or your crypto I'm talking about the advantages that you have sort of the intangible assets that you have in your life you need to understand in this world you get paid in accordance to the value or problems that you solve everyone has competitive advantages some are natural born
and some are cultivated you need to lean into your advantages and funnily enough if you live at home in your mom's basement you still actually have an advantage and I'll tell you what that is in just a second now one advantage and as everyone understands the more money you have the more money you can make with said money well that's out of the window as per the title you're broke so that's not an advantage that you have so what are some of the other assets that you can lean on well the first one is hard
work it kind of annoys me because sometimes you get a lot of these self-help people you know they talk about hard work as if everyone is hard working or it's just like this easy thing it's like oh yeah you just work hard and you'll be successful yeah sure but the reason we admire people who are hard working is because it's not a very common trait and most people are not going to possess that trait and I'll be honest I'm not particularly the hardest working person I just have other personality traits that I really leaned into
that propelled me to my level of success now bear in mind from the age of 14 to 18 19 even 20 hard work was the main thing that I leaned on still I would not consider myself the hardest worker in the room by no stretch of the imagination but I earned my stripes and that is the key all of you watching this need to earn your stripes hard work dedication and discipline is very very important you know there's no way that you get around that to reach your goal of six figures whereas this may sound
really weird to you guys but you can go from seven to eight figures while working a lot less hard being more sloppy with your habits less discipline all these things because you're actually leaning on different mechanisms to go from that stage to the next another thing that I want to mention is for me when I started nearly this you know 10-year Journey back in 2014 when I started my first business which was flipping Instagram accounts when I started reading a book a week and I started meditating every single day I think back then it was
a lot easier to focus than it is in the world we live in right now with short form content and Tick Tock and all of these distractions that you know it feels like every year there's just more and more distractions so if innately if you are one of those people who just happens to be in extremely hard worker a person who can really lock in on a task without getting distracted that is a massive advantage and that is something that most people do not possess in the time that we live in but as I said
you do not need to be David Goggins you know how it is when you fight somebody and you broke that much he's like oh God man I don't want to go back the next round and you feel like my God I can fight all day and I think of all the different assets that that I want you to evaluate in your life that I'm going to show you then you can actually make a game plan for which vehicle am I going to use to get me to financial abundance so as I said hard work discipline
is a given but don't think that being the hardest worker is the thing that's really going to propel you to success of the four I'd say it's probably third most important maybe even fourth most important now the next asset that you can have is your skill set but the issue is that most people major in minor things I'll give you a perfect example video games I know that the gamers I get so much backlash from people you know when they tell me oh but you don't understand gaming helps me socialize or there's people who make
millions of gaming and I'm like yeah you know the people who make millions from gaming they're not you you know why because the people making millions from gaming they're not commenting on my YouTube videos being like no but there's people out there who make millions from gaming and I'm like that's cool but they're not you quite clearly so I don't know why you're trying to stand up for it and that is a perfect example of people majoring in minor things great you finished can you even finish fortnite like you completed a fortnight or you completed
some video game or I don't know you got some ranking in some World cool great you majored in a minor thing something that is irrelevant to the quality of your life something that is irrelevant to building a beautiful future for you and your family you majored in something so minor that your kid will never be like oh Dad Mom told me that you were so good I had Call of Duty back in the day you know that makes me so proud that you're my they don't care so stop majoring in minor things and by the
way it is so important to have hobbies I recently started taking tennis classes multiple times a week am I going to become a professional tennis player no but I have my businesses I have my skill sets to make me lots and lots many many many millions a year and now I have my side Hobby and by the way I think if I started gaming now because a lot of people will give me the Elon Musk example Elon Musk is allowed to game he's allowed to game a little to take his mind off it I don't
think it's necessarily the smartest thing to do because it's so easy to get hooked but if he does it or let's say I started gaming sure fine that's acceptable as I said do not get consumed by something that is not going to get you paid if you already don't have anything in your life that does get you paid by far above anything the best asset that you can have in life is your skill set because no matter what life throws at you let's say use everything if you have your skill set you can climb back
up to the top of the mountain very very quickly so there are certain skills that are very useful for the rest of your life no matter what you are doing things like sales marketing even things like Excel spreadsheets I cannot tell you the amount of people that I know who are like hey who do you use for Excel spreadsheets or you know how did you put the spreadsheet together I don't know how to use Excel spreadsheet but people in my company who are paid very very handsomely they do know how to use it things like
that things like accounting things like editing if you have skills in one of those areas consider this an asset that you have in your life it's you know it's funny whenever I'm considering whether or not I should learn a skill set and by the way this is outside of hobbies I'm always thinking hey in the time that I live in with the businesses that I have this applies but let's say I go into a totally different industry I go into a totally different life path in 10 or 20 years would this be a skill set
that is Evergreen is this a skill set that will be beneficial for the rest of my life and if the answer is yes then I will always have a keen interest in learning it now the next asset that you can have is a strong network but most importantly you need a strong nap work and to be in an industry where that Network actually brings you value and many people have made a full-time living just by having a strong network but first you need to decipher and be very honest with yourself how strong is your network
actually you know I see a lot of people talk about how strong their network is and then they do a little bit of digging and what they mean is there's three high school friends you know one went on to be a junior assistant at this company and another went on to be work at Goldman Sachs and then another one went on to work at HSBC as a very low level manager you know a lot of people really overestimate the value of their Network because just remember your network is not who you know your network is
who you can call for a favor at 3am in the morning no matter what it is that person will do it for you that is your network not who you've had a couple DM exchanges back and forth on Instagram now going on to the other point that I mentioned which is it's one thing to have a network it's another thing to actually have a network that makes you money and here's what I mean by that I was hanging out with my friend a couple days ago and his network is insane you know he's friends with
milk boys a lot of the rappers a lot of the biggest restaurant owners promoters club Owners all this stuff his network is very very useful because a lot of people when they go to Miami they can hit him up for connections and tables and this and that or you know if someone wants to go to Monaco F1 or wants to get UFC tickets you know this person is so well connected they can arrange all that stuff so because his connections are so strong and it's taken him so many years to build those connections he can
actually monetize per request whereas for me for example I have an extremely strong network but my network does not help my software company in any way shape form or fashion my network has almost nothing to do with my net worth I've built off my network because you know you get to a certain point in life where you like having other very very high value people around it is very nice that I can call on favors from you know so many people and it doesn't matter what country I go to I get special treatment because of
the people that I know and because of my close network but at the end of the day that doesn't make me any extra money make a decision the industry or path that you want to go to in life and then even if you do have a strong Network be honest with yourself if your network actually ends up making you more money and is an asset to your financial abundance because as I said even in my situation my network has basically nothing to do with my financial abundance now the last asset that you can possess is
time and I actually mean this across two scopes of life and the first is the amount of time that you have right now and the second is the amount of time that you have left in life basically your timeline in life now the first scope is kind of self-explanatory obviously if you have more time that means you can put more time into freelancing into being an apprentice for someone into starting your own online business whatever it is you decide to do whatever vehicle you decide to use in order to achieve Financial Freedom and abundance of
course the more time that you have the more beneficial it will be and part of that is also I guess kind of your safety net if you have a job that's remote and you only need to log into your job two three hours a day because you know you work for some very bloated company that doesn't actually know whether you're performing well or not because no one's performing well at the company no one really knows what they're doing at the company well you can work two three hours remotely and then you can spend the rest
of your day basically trying to build your online business or let's say you're in a situation where you are living with your parents you might even be you know 22 23 after universe to your college and you know that you have a year or two of basically zero expenses so you know that you have the time to actually go out and focus on your entrepreneurial Endeavors so obviously the more time that you have in a day in the present moment very self-explanatory the higher chances are of actually achieving Financial abundance and not being broke anymore
but then and this is something most people really don't talk about enough is the macro perspective listen if you are under the age of 28 you have a massive massive Advantage by the way I'm speaking primarily to the men here to all the ladies obviously my information still applies but you need to understand my biological father was an alcoholic abusive so I've gone through a lot of adversity and struggle in my life to get to this point so please excuse me sometimes when I speak specifically to the men I would have loved if someone could
have given me this information as I was growing up or trying to navigate the world but anyways back to my point men specifically hit their Peak anywhere from the age of 32 to around 38. a woman at 29 has far more pressure to get married and have children and by the way that's not like societal pressure it's just like if she's being honest with herself she wants to and she knows that you know at 34 she's just gonna have a lot less chance than a 29 whereas men at 34 we are far more attractive than
at 29 if we keep working on ourselves and put one foot forward day after day after day so the reason I say this is if you are broke at the age of 29 as a man because really there's not much of a rush to get married or have kids for the next three years of your life dedicate every single hour without having to worry about a partner or anything else to becoming a millionaire that's the beauty of it so when I talk about time being of all of these by far the biggest Advantage you need
to understand that everyone has these Grand aspirations for what they're going to do in the next 12 months and most of the time don't hit it but most people discount what they can do over a multi-year timeline so as I said if you are watching this and you are a 27 year old 29 year old but I mean hell if you're a 22 year old you know such as me or if you're a 19 year old or 16 year old I mean it's basically hard-coded that in the next five years you're going to be a
millionaire if you are watching content like this on YouTube and you actually absorb and actually use it it's basically hardwired I mean maybe it doesn't take five years maybe it takes seven years but time is by far the biggest asset and if you are in your teens or pretty much any of your 20s you have such a massive Advantage it is ridiculous you have by far the biggest advantage and you know this is also why sometimes I find it funny when people try to compare me to other people in the business or online space people
they compare me to are literally in their late mid or early 30s like they're all 10 years plus for me and sometimes I find the comparisons a little Superfluous quite frankly because I'm 22 years old apart from having made 30 million dollars already I'm in an incredible shape I'm extremely well traveled I've gone through so much pain trauma adversity to build my character to the point that it is today I have businesses and verticals that make me over 10 million dollars a year as I alluded to earlier I have an insane network list goes on
and on and on and you might listen to all that and think that I am bragging no the reason that I am saying that is because out of all of the things that I have listed my number one advantage is time from a macro perspective if you could give me everything that I have right now and make me 40 years old or take a time machine back and I have to start at 22 years old with none of my accomplished accolades achievement money anything I will go back to 22. if you are watching this time
is the biggest advantage that you have time truly is an incredible phenomenon and most of the people that you are looking up to online they were broke until their early 30s until their late 20s listen to that again most of the people that you look up to were literally broke at the age of 30 and here you are watching this 25 years old and you're like oh I could never accomplish what that person accomplished look at their accolades and look at this you have time and if you are someone who uses time to your advantage
you can accomplish anything so now that we have run through the four assets which you can possess which is hard work your current skill set your network and then time especially from a macro perspective you can really sort of jot down all of these and go hey what areas of my life do I have advantages and then from that you can pick the next step in your life and I'm gonna give you three life options from here the first one is starting an online business now I don't want to touch on this too much in
this video earlier this year I made a video where I basically assess the sixth seven most common online business models for me that is my favorite option for people because you can use leverage the best part of that is if you set the systems and processes in place you can actually leverage other people's resources or time depending on which business model you choose and you can actually get paid by using a concept called Arbitrage which is basically what Uber Airbnb all of these companies do just on a larger scale I'll link that video down below
now your next option is to use your existing skill set to make a good income so for example if you're good at sales if you're good at editing if you're good at these things then you can take these skills and the most important thing is the way that you position it and who you actually sell these services to because bear in mind you could just be an editor and get paid 2500 a month or you can frame Your Service as a performance editor and get paid six thousand dollars a month the only difference is you
say hey rather than just editing it look good I'm gonna edit it for retention retention is the most important thing and you know when you're selling the client you go hey out of the 10 000 people to watch your video with my video you're gonna get 3 500 people watching all the way to the end whereas some other person is only going to manage to get you know 1200 people watching to the end so I'm getting three times as many views as them so of course I'm going to be charging twice as much so the
point is it's not just about having a skill set it's also about knowing how to frame it and how to sell it to the right person organization company and if you can make your Roi clear then companies will pay for it I mean I have people in my company who make 18 to 20 000 a month and by the way these aren't my c-suite positions you know my CEO my CMO those sort of positions and some of my companies because some of those positions between base and performance you know make upwards of fifty thousand dollars
a month so I'm not even talking about those positions I'm literally just talking about you know your typical employees some of these people literally make almost a quarter million dollars a year because of the performance because the skill set they bring and the way that they can actually quantify what money that brings back to the company so I would say for anyone with a pre-existing skill set this is actually the best place to start take your skill set find the right way to package it and frame it and then actually feel zero Shame about working
for a company as long as the pay is good and you have the ability to keep ascending and you know improving your earning potential and the last option is become an apprentice or a free intern for a company now this is very very important because I see people make this mistake all the time time do not think that just because you have free time you are valuable to a company let me say that again you can join a company and go I'll work for you for free okay and what about the business owner who now
needs to spend or assign company resources to spend 40 hours training you you have now cost the company more than you are worth especially I see this all the time you know on Instagram I get literally hundreds of DMS a day I'd say probably of those probably 50 of those are people being like I'll literally fly across the world I'll drop everything I'll work for you and it's like okay what can you do do you have any proof of work what's the quality of your work if people were intelligent they'd be like hey I will
work for you for the next three months for free to prove my quality and then after that here's how much I would like to get paid here's my quality of work if after the 90 days you tell me hey this is not up to scratch and I do not want to bring you on then absolutely no hard feelings I've gotten some good experiences from it you've gotten free work and we will shake hands and move on that is the right way to try to find an apprenticeship or a free internship I would rather just be
the bearer of bad news and just give you a real understanding of the way the real world Works rather than you making a fool out of yourself consistently over over and over again trying to outreach to all these companies or influencers or business people trying to get an apprenticeship or an internship and just doing it the wrong way and by the way especially if you're the age of 15 16 18 19 20 and you don't really need to worry about bills too much I think there is absolutely nothing wrong with working for a company for
free earning your stripes you know learning the ins and outs of an industry you want to go into so ladies and gentlemen I shout at you because I care I know I can be a little harsh sometimes but that's because I'm one of the few people who actually genuinely gives about your success so all I'm gonna give you the harsh truth if you enjoyed this video and you want some ideas of the best side hustles to start this year definitely check out that video it's going to give you some really good ideas and I go
more in detail on there
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