How To Become A Millionaire - The Truth No One Tells You

[Music] there are two types of people in this world the one percent and the 99 the one percent are the wealthiest people in the world they have successful businesses investments but importantly they have freedom to travel whenever buy whatever they want and live life on their own terms then we have the 99 those who may have went to college work a full-time job some may even live paycheck to paycheck have very little in savings and many aren't in the best financial situation now if you're watching this video it is very likely that you are part

of the 99 but you do want to become a part of the one percent but how did they do it seeing all those millionaires on instagram showing off their houses cars vacations and anything expensive that you could probably never afford is it even possible for you to become a millionaire short answer yes but it's far from easy the road to becoming a millionaire is lonely and will require you to make many sacrifices but at the end of the road is complete freedom to travel whenever you want eat whatever you want and never have to worry

about money again and if you want to learn how this is possible stick around to the end of the video because i'm going to be revealing everything [Music] so let's talk about it how do you actually become a millionaire well first we do need to expose common money misconceptions that keep people from becoming wealthy and the first one is that you have to pay thousands of dollars to get a good education and then get a job and a lot of people believe that this is the best way to become wealthy and successful and i don't

blame them since that is basically what society taught us don't get me wrong i have nothing against working a job but if you are watching this video i do assume that you want to become a millionaire and i'm gonna be completely honest working a job is not the best way to get there now let's take a look at why working a job means that you have to trade your time for money and the problem now becomes that there is so many hours in a day that you can actually work and so your income is always

going to be capped at a certain amount if you make 30 an hour working 40 hours per week it'll take you 17 years to make 1 million dollars from your job and that's without subtracting taxes inflation and other expenses so realistically it could take you over 20 years to make 1 million dollars from your job so you would have to sacrifice 20 years of your life that you can't get back just to make one million dollars while you could have done things differently and still made one million dollars without having to sacrifice 20 years of

your life for it so that concludes lesson one do not trade your time for money so now you're probably wondering how are there so many young millionaires then and what did they do to get there and why wasn't i taught this well think of it like this if you want what most people don't have you have to do what most people won't do and what is it that you aren't doing well you just haven't created a system that makes money for you while you sleep so how are you actually going to create this system you

are going to have to create a business around something that has demand and is scalable unlike working a job with the business there is no cap on how much money you can make if you work 40 hours a week for 30 dollars an hour your income is always going to be capped at a certain amount but having a business that runs 24 7 without you having to be there is not capped and you can make an unlimited amount of money but now the tricky part is figuring out what type of business you want to start

and remember if your business isn't scalable and it's not in demand it is going to fail but a way you can overcome this and satisfy the market is starting a business that solves a problem take airbnb for example it allows people to rent out a spare bedroom easily and safely and make an income from it it's also really convenient and allows people who may not make a ton of money to still visit other places and of course you don't have to build the next airbnb there is thousands of businesses that you can start for example

this youtube channel or even the editor that edits my youtube videos it is possible to start a business around anything and if you start a business around something you actually enjoy it makes the process so much easier and that concludes lesson two start a business around something that solves a problem and satisfies the market if you want your business to be successful listen carefully to this part let's take a look at one of the most successful businesses amazon there are over 147 000 people that work for amazon but it didn't start off that way jeff

bezos ceo and founder of amazon started all by himself but he knew that if you want to grow his business and turn it into an empire he couldn't do it all by himself which means that he had to pay money to hire people to help him if you want to grow your business and grow up faster this is something that has to be done if we take a look at amazon now it functions without the founder jeff bezos even being present and this is the exact type of system that you have to build for your

business this way you can focus on bringing ideas to the table and have your team grow the business but your team has your back and you don't have to do any of the dirty work eventually you no longer have to be involved with your business if you choose that route and you would still have yourself a successful business that's automated and runs without you being present that concludes lesson three reinvesting in your business is necessary in order to grow and see success now what happens next once your business pays you a salary that you can

spend however you like are you gonna buy a lamborghini rolls royce or gucci shoes you should instead use that money to buy assets not liabilities liabilities don't make you any money things like cars and clothes but buying assets makes you money real estate stocks and businesses will make you money and so it's important that you first buy assets rather than liabilities but eventually once your asset like an investment in real estate can cover the expense of a liability such as lamborghini then it would be the right time to buy it and that concludes lesson four

buy assets before liabilities a lot of the information i shared with you so far was inspired by the several books that i've read and it would be a shame if i didn't share those with you and so i would recommend you read these four books in this exact order that way you can have a better understanding of business entrepreneurship and building wealth and i've also linked a business course in the description of the video if you do want to learn how to start your own business using my exact strategies now moving forward since you now

have a basic understanding of building wealth and how to become a millionaire the next step is to actually take action 99 of people won't take action but the one percent who do will be rewarded something that stops people from taking action is unanswered questions how do i start a business what business do i start what if i have no money to start what if i'm not smart what if i don't know anything about taxes and it's great that you're asking questions because that means you want to learn more but the truth is you're never going

to have all the answers in fact running your own business means that you're going to be faced with problems every single day and there really is no way to prepare for this so the best thing that you can do is just get started and worry about the problems once they come up and the solution to all your problems can be found online now if you've watched this video up till this point and you've realized that this is just not for you that's completely fine running a business isn't for everyone however if you realize that this

is what you want to do with your life and you're ready to take on a challenge that can change your life i wish you the best of luck and never forget why you started in the first place it's not because you want money it's because you want freedom [Music] you