Asking Holiday Shoppers How They Got RICH!

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School of Hard Knocks
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excuse me sir quick question for you man is this your G wagon yeah it is and what do you do for a living man how are you able to afford a G wagon out in Houston Texas I started a cyers security company what's been the most amount of money that you ever made in a single year 1994 million 2.3 million $6 million 8 million and what happened that year that you were able to make $8 million we sold our company how much did you sell your company for there was some contingencies it was over 740
million have you ever been broke before I spent the first half of my life broke my parents were divorced I came from nothing my mom's car got repossessed I had a tough bringing how old are you now I'm 27 how old were you when you became a millionaire 27 that was this year that was this year I knew I was going to be successful no matter what somebody once told me if you want to go fast go by yourself but if you want to go farther go with people together and any last words of advice
to the younger generation aspiring to own a Lamborghini one day man this is a lot of people's dream car right here you want to make money especially in the United States I wouldn't say entrepreneurship you just got to go [Music] to Houston Texas is the number eight City in the entire world with the most millionaires and today we're going to be going all over the wealthiest shopping district in all of Houston to ask holiday Shoppers the most amount of money that they've ever made a single year and how you can start your path to becoming
wealthy going into 2024 with that being said let's get this video on the [Music] way what industry did you decide to pursue a career in I'm in the investment management business wealth management and how long have you been in finance for 40 years you were in finance for 40 years yeah and what was the best Finance still am still I am yeah yeah over your career what's been the best Financial advice that you've ever received that you pass on to the younger generation of kids coming out of school today most people will sacrifice what they
want most for what they want now and now is the most expensive word in the English language you got to be able to hang into things for the Long Haul and I know that you've been in finance but like are you a business owner well yes I have my own wealth management firm that I started 13 years ago and it's about seven times the size of my brokerage practice when I left the brokerage industry you know 13 14 years ago what has been the most amount of money that you've ever made in a single year
$6 million have have you ever been broke before I spent the first half of my life broke and that's where I learned a lot of really good lessons about what not to do my parents were divorced I came from nothing my mom's car got repossessed I had a tough upbringing yeah let me ask you this what was that Turning Point like for you right for somebody who may be kind of at rock bottom right now maybe they're stuck in that cycle of poverty what is an actionable step that somebody can take right now to get
their life back on track I would say go to church pray learn be curious figure out how things work and learn how to articulate that to other people people will seek you out if you're knowledgeable and Trust worthy how old are you now I'm 64 64 you look 40 though how old were you when you became a millionaire I was 36 for a young 20 kid watching this right now aspiring to become successful like yourself give them the blueprint like how can somebody become a millionaire going into 2024 think about businesses that generate recurring Revenue
that is non-transactional you can make a lot of money in commercial real estate but you got to go out and find the next deal finding deals is what makes it tough I played the long game my clients hire me on retainer and they pay me every year that business is also super scalable because I can deliver one set of transactions and apply it to a 100 different people and those hundred people are paying me for that and so scalability is a really important part of business is thinking about how to mass produce one little thing
that you can deliver to lots of people in a non-transactional method is a really a good way to make a lot of money you know they don't teach that in school right they generally don't among yourself in the most highly successful people that you study and know what is that one trait that they all have in common I'm faithful to my wife my family my this is him get get all choked up just stay focused and do the right thing you got amazing advice sir thank you so much man my guy was in finance for
over 40 years and he made over $6 million in a single year but that advice at the end hit different recurring revenue is the way to go just a few weeks ago Wes Watson told me that the Double R of the headrest in a Rolls-Royce stands for recurring Revenue build it you're hearing now over and over again recurring revenue is the way to go and they simply don't teach that in school only at the School of Hard Knocks let's go get this next one my man just pulled up in the G wagon out here in
Houston Texas we're going to go up to the car and see what this guy did to be able to afford a G-Wagon man let's see what he has to say excuse me sir quick question for you man is this your G wagon yeah it is and what do you do for a living man how are you able to afford a G wagon out in Houston Texas I started a cyber security company a cyber security company how much money is that business going to generate you this year we're doing like seven figures a month seven figures
a month now we go all over the country just asking business owners their advice to young entrepreneurs could we ask you a few questions outside of the car no of course let's do it awesome how old are you now I'm 27 27 sir how old were you when you became a millionaire 27 27 yeah so that was this year that was this year what keeps people broken today's world ignorance yeah and ignorance is not a demon by the way so I think for me the way that you can collapse time is knowledge right so everywhere
you feel like there's Darkness search for all of the knowledge that is allocated to getting you the results that you seek and you should be fine going into 2024 what is the best industry that people should be looking to get into right now I mean I'm biased I would say cyber security yeah man it's costing my country like 10% of its GDP like hundreds of billions of dollars so if you can be the kind of person that goes into an organization and helps protect the organization I mean that's pretty pretty much inevitable you you'll get
the money you're looking for have you ever been broke before yeah I was broke a couple years ago man couple years ago like probably like 72 months ago when you were there man like what was the Turning Point like when you're like I I I need to I need to change to be honest I think the best decision that I ever made was I stopped making decisions everywhere that I wanted to go someone had already gone and so I just needed to find people who had already gotten there follow whatever it is that they did
and honestly that that's what I did good things don't take time you can take 10 years and collapse it into one getting around the right person getting around the right knowledge so yeah bro you crushed this yeah course so we pulled up on my guy in the G wagon and his cyber security company is doing over a million doar a month but what did he say is the number one thing that's keeping people broke it's their ignorance at the end of the day you got to be humble but you got to spend money to make
money and what did he say you have to buy knowledge there's so many resources out there at the end of the day we don't lack resources you just lack resourcefulness let's go get this next one what industry did you decide to pursue a career in energy oil and gas and how long have you been in the business for 35 years 35 years over these 35 years what has been the most amount of money that you've ever made in a single year 8 million 8 million and what happened that year that you were able to make
$8 million that's incredible seriously we sold our company how much did you sell your company for there was some contingencies it was over 740 million up to 790 million how old are you now I'm 65 65 how old were you when you became a millionaire it wasn't too long ago it was only about 5 years ago if you were to go back in time and have a com Do It All Over Again differently differently I'd start in banking why why why would you start in finance cuz what I did was I started in in uh
technical GE physics and geology which is great but you're only going to be working for somebody if you do that but if you understand where the money's coming from or who's got the money and how that all works then you can do a lot more things and then you benefit personally bit more from it but you ultimately exited a company for nine figures a lot of entrepreneurs they have a great idea they'll start the business they struggle to scale what took you from eight to nine figures what's the secret to that gr super aggressive took
a lot of risk worked our asses off and got in at the right time in the early stages when Mexico opened up and we were there and we took that risk and drilled that first well and it came it was a big one any last words of advice to someone trying to become a millionaire going into 2024 how your ass off yeah study talk to people it's all about people and work with good people that's I've been working with this guy for 15 years cuz I trust him there's the Ripple effects if you you throw
a stone in the water you may only think that it's h hair but it has an effect on other things and so our job is just to do one thing we don't have to solve everything but that one thing that you can do in your life can impact a country impact an economy which I've done several times in my career incredible man that's amazing thank you so much for your time my guy sold his last business for over $700 million but what did he do he became an expert and played in the same game for
over 30 years in the energy business and that's why he was able to have a ninef figure exit guy gave an incredible interview and some great game to all the entrepreneurs out there man let's go get this next one all right you guys my guy just put up in the Lamborghini year we got to go up and see what this guy did to be able to afford a Lamborghini out here in Houston let's see what he has to say excuse me sir quick question for you man is uh is this your Lamborghini yes and what
do you do for a living man how are you able to afford a Lamborghini out in Houston Texas I donate a Solar Company what's the most amount of money that you've ever made in a single year 2.3 million 2.3 million how did you scale from six to seven figures somebody once told me if you want to go fast go by yourself but if you want to go farther go with people together you know so you got to have the right people like you know like my company we have a VP right we got sales marketing
you got all this stuff and I have a structure where all these guys are going to be able to call me if they need something but I can call them to see what what's happening so I think what helped me was being good with people you really need to know how to put those people together and take care of your people because if you take care of your people they will take care of your business have you ever been broke before oh yeah I mean I come from this country called Honduras you know and I
went to school with shoes I came to this country when I was 14 didn't speak the language and I went to I went in sales and I think sales really made the big difference in my life where put me into a situation I miss so many great people and you want to make money especially in the United States I wouldn't say entrepreneurship you just got to go to commission sales no questions you can be selling solar there are so many products out there but yes I was struggling I I actually didn't know anything about this
because in my country we couldn't have it right but I knew I was going to be successful no matter what but I'm I'm glad I came to the United States and I was able to do well financially work my B off like I say invest in myself and here we are now how old are you now I'm 34 now man 34 how old were you when you became a millionaire 27 and any last words of advice to the younger generation aspiring to own a Lamborghini one day man this is a lot of people's dream C
right here I would say I'm not a soci media guy right I want to make money where I can disappear that's my goal okay do not let social media fool you because it's one thing reality with the reality of social media so do not get cut up on the online gurus per se all these people that they want to teach you how to make money nowadays if you want to learn something I think you can go to YouTube you can go to Google I'm not making this up even if I have a question about something
I go to chop GB like I ask so now we have so much free data that you don't really need a a guru but you might need a a mentor right so do not let yourself fall into that atmosphere because it will caught you up and you will get into a r race and trying to beat that when you could probably get it faster if you had to the route of being generally with yourself work your butt off and just keep going so we put up on my guy in the Lamborghini and he built a
multi-million dollar business in solar but he didn't start here in fact he started broke and was an immigrant from Honduras but he invested in himself and he learned how to sell what did he say some of the most successful people they're in high commmission sales they may not even be running businesses but they know how to sell if you know how to sell you will never go broke in business great interview man let's go get this next one what industry did you decide to pursue a career in I'm in the lumber industry the lumber industry
now you're a business owner yes what has been the most amount of money that you've ever made in a single year in 2022 uh my company did 194 million 194 million a lot of entrepreneurs that have a great idea they'll start the business they don't know how to scale what's the number one thing that took you from 8 to n figures identifying people is probably I'm not in the lumber business I'm in the people business I love that so I'm I'm hiring people I don't believe in hiring somebody to to do my job and I
view my job as running the company but when you start getting at a certain level you do have to start considering letting go of certain things you know the the business owner can't be worried about the price of the toilet paper how old are you now 54 and how old were you when you became a millionaire 35 for a young 20-y old kid watching this right now aspiring to become successful like yourself give them the blueprint to becoming a nine figure entrepreneur ideas are cheap execution is everything break that down what's the importance of taking
action it's not just taking action it's how you execute it's the follow through it's the Precision it's the focus everybody has great ideas there's not a lot of original thought but there's people that execute things well so I would say that's in a business perspective that's good advice amazing advice sir thank you so much for your time I appreciate you this video was insane you guys Houston had all the big dogs out but we've got lots of amazing content like this coming very soon so be sure to like And subscribe for this amazing content and
click here to watch our full video going all over Miami asking multi-millionaires how you can start your path to becoming financially free going into 2024
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