4 Things You Should Know Before Making $$ Millions

all right so let's talk about mistakes because in full admission my career has been littered with them I've started the wrong businesses I've hired the wrong people I've pursued weird little passion projects and gotten distracted at the wrong times and for anyone who's been following for long enough you've probably seen a lot of this unfold I'm not perfect I'm a human and I'm always just learning as I go but the biggest mistakes I've made personally and really the ones that I see continuously crippling others are the ones that come at a very specific spot of

your entrepreneurial journey I call it the Tipping Point the moment when you just start making money and you find the tiniest bit of success because this is really when temptation is the highest and the potential for disaster as well it's at this point that your ego is at its most inflated and your wallet feels its heaviest I've seen way too many guys make it right to the Tipping Point but fail to ever pass this threshold and then most people end up worse off than when they first started so if you want to chance at true

longevity and the opportunity to make millions I want you to watch this video to find out the four lessons that you need to know the first one is quite simple stick to one business if you want to find someone who doesn't know what they're doing with their lives go to Soho house it's pretty much the unofficial home of people who suffer from shiny object syndrome you know the type of guy who always just has something new starting and he's just catching up with other people for mysterious meetings the sort of guy who always says big

big things coming now every year there's new Temptation with hype Industries influencers blockchain Ai and every year there's a whole host of people who think that their startup is going to make them multi-millionaires then there's the weird fetish that a lot of people have when they're starting out which is to be seen as some sort of business magnet at the helm of five different companies dominating every single sector when the reality is that starting any business requires complete and total dedication and if you've found any success in your life you probably understand this the only

way to do anything right is to do it well pick one business and be a selective and narrow in that as possible you really want to invest as much time as possible into productizing and automating your business set into place the most aggressively robust systems so that way you can either walk away from it for a profit or effectively do so and leave it in the background just generating cash for you and it is only when you can literally leave your business running without a single input from you that you can even begin to think

of starting another one so to stand a chance of elevating yourself to the next level in business you have to think in terms of Empires these aren't started by Emperors they evolve out of Kingdoms kings move horizontally take other kingdoms and then Ascend to Emperor status you do not want to be the Knight trying to rule an Empire Now ladies and gentlemen if you've been looking to start an online business and Kickstart your online high income career I want you to check out digital Launchpad it is the Netflix for making money online I bring in

the best Educators in the world to teach the thing that they are most proficient at so no matter what kind of personality you have or what sort of Lifestyle you have you can find an online business model that will succeed and win for you in the exact same way as all of the success stories that I've just been putting on screen and all of this for only $37 a month if you're not happy you can cancel at any time we literally have new programs released every single month this year inside of there as well as

amazing Community daily coaching calls and much much more so if starting a high income online business sounds interesting to you check out digital Launchpad in the first link in the description now moving on to our second point of discussion there is nothing more dangerous to an entrepreneur than money burning a hole in his pocket now before I share my advice on this point let me say that I get it at a certain point when you work hard and consistency pays off you're going to be more than tempted to reward yourself and start to elevate your

lifestyle you're going to start looking at slightly bigger apartments and slightly nicer areas you're going to want to eat out more often to fly business class and finance a Mercedes and by the time you've made it far enough in your journey to Warrant this listen it's human nature you want to flex you want to show off to all the friends who were pissed at you when you weren't drinking with them at the pub and instead working on your online business and you want to reassure your family that everything is working out just fine for you

so again I want to say that I get it but let me explain the three three problems the lifestyle creep presents the first is obvious you've just landed yourself with a long list of liabilities and financial burdens and listen I've heard a bunch of advice from people oh elevate your lifestyle blah blah blah this that it'll force you to make more money that's a good philosophy until it's not and listen I can tell you for a fact that if you want to make God laugh tell him your plans and I know that you plan on

making more money every single year and you're confident that that will happen and you know what maybe it might I can tell you it's happened for me in the 8 years that I've been in entrepreneur but it is difficult it is tough and at a certain point it can't keep going up so just understand the lifestyle creep can come back to bite you in the ass any financial advantage that you have accured in the past 12 months will all be lost in as little time as it takes a watch dealer to hand you a credit

card machine but those liabilities and risks can and will come back to haunt you we seem to have pretty short-term memories when it comes to these things but listen I was there a couple years ago when crypto started to falter it amazed me just how many people weren't just wiped out they were in a worse position than they were to begin with having lived an unsustainably lavish lifestyle and failed to invest or retain any of their profits so I know I sound like a bit of a grandpa here and you know money's not meant to

be real and go spend all your money on a superar and all this [ __ ] listen if you want to play that game up to you I'm just telling you what I did and what all of my like true multi-billion dollar friends did and listen they just kept building their cash reserves they kept investing cuz I can tell you right now you know what's one thing that's nicer than superar and by the way this is coming from someone that has spent $3 million on cars in the last year I like my cars I've even

gifted quite a few cars to loved ones but you know what's nicer than cars peace of mind you know what's nicer than a car knowing that your loved ones don't have mortgages and that you have Investments and a property portfolio and that you know what if God forbid something happens to you and you're unable to work you're good you're fine so listen I'm not saying Be Frugal cuz I think that's a very unattractive trade and I think you also want to be in a growth mindset but you look at anything in life the person who

is too offensive they're usually the ones that get wiped out in this game of life you need to know how to play offense and defense now the next point of discussion is that you've congratulated yourself now I know this might sound melodramatic or excessive but this pat on the back mentality is a Surefire way to kill your drive and your desire listen you guys know I'm not too into the like motivational raw raw self-helpy-ness harming your cash flow and at the beginning of your journey this should be the altar that you die on pretty much

everything you have should stay in the business or be invested back into it cash flow saves mediocre businesses and helps great ones Thrive you know it's an ongoing joke in Silicon Valley that the official Tech bro car isn't a Tesla it's a secondhand Toyota Corolla a car that is almost painfully boring but is reliable and under the radar and which you've let someone else take the depreciation hit on now personally I think it's a bigger Flex T not even have a car at all you know earlier in my life when I was still in my

teenage years I was able to walk into dealerships and buy cash for super cars that people dreamed of really get this through your head I profited tens of millions of dollars before I ever bought my first car the only thing more satisfying to me than buying a car was denying myself that pleasure and putting the money to better use now in all friends probably going back I would have gotten a car sooner it's just I lived in London there was no purpose for me to have a car there was no reason to have a car

and you know even to this day my car in London is very under the radar I don't want to have a flashy car in London it draws way too much attention to yourself and it's just headaches that you don't need to deal with in a city like that now the one thing I will say though is there is a time and place for spending money and it's on anything that helps you or your business Thrive and more importantly anything that can be expensed listen if a nicer apartment with a gym within the building Gives You

Back 40 minutes every day well then splurge on it if a new monitor is genuinely going to boost your productivity and make you excited to sit at your desk buy it this isn't just going to fulfill your need to spend it's going to pay dividends in your business in my opinion when you're first getting started in your first few years you want to live like a peasant in your personal life and like a CEO in your professional one and what I mean by that is me as I was coming up before I bought supercars I

had personal assistants I had full-time chefs I had full-time personal trainers that would travel the world with me I wanted to become a literal [ __ ] superum and make sure that my success wasn't just once it was something that I was able to replicate every single year so all that to say that anything in your life that gives you or makes you feel like you have super human powers whether that's a super expensive gym membership whether that's getting a meal delivery service that's you know a little bit more on the expensive side whether that's

even having a chef come over to your house multiple times a week whatever is in your price range if if you're just getting started out and you're just starting to make some money online that could literally even be just having a cleaner come over to your house once a week and at least just help clean out the house but hopefully you get the point that you want to deploy your capital in the correct way when you're first starting out now the next thing you should know before you embark on this journey of making millions is

that you need to stop comparing yourself to normal people time to be very brutal here listen to me carefully you've not accomplished anything yet you're at the very bottom of the pile and honestly most of your achievements are down to nothing but luck and if that sounds harsh I'm sorry you need that wakeup call and trust me I know it's not a pleasant one to receive when I was first starting out I'd done nothing more complex than apply some basic principles and get a bit lucky but damn I felt like the [ __ ] when

I first started out you hang out with old friends from school who hadn't even finished their exams yet you know I felt like the man every single time I picked up the tab at the club or paid for a group meal so as I went further in my journey there was literally nothing more humbling than when I really started to hang out with top tier entrepreneurs guys who were light years ahead of me who'd worked harder were smarter and had life lessons beyond my wildest dreams and that was my true moment of Reckoning the funny

thing is is though that humbling was the best thing that could have ever happened to me a long time ago I stopped comparing myself to normal people and you need to do the same you need to start benchmarking your success and Milestones against the people in life that you want to compete with if you want to make as much money as a doctor cool no one's stopping you doing that but if you're looking to build a real business Empire you need to reassess your standards of success in Psychology this is called a reference group you

compare yourself to others in a group and adopt their values it's what advertisers rely on too I mean you don't have to binge watch Mad Men to know the principle of keeping up with the Joneses you're targeted based on your demographic to get you to spend the most amount of money you can afford so that way you can impress your neighbors the only way to escape this trap is to elevate your reference group don't take cheap satisfaction in having the nicest apartment in your terrible friendship group quite frankly take it as a sign that you

need to surround yourself and compare yourself to higher level people I'm not saying drop your day one by the way cherish those friendships and not all of your friends need to be Savages and all of your friends need to be multi-millionaires otherwise you'll be broke most of my friends and most of the people I spend most of my time with I am wealthier than but they have areas of their life where they totally surpass me and where I can learn things from them it's just from a financial perspective I don't compare myself to them I

compare myself to the people who are much further ahead of me as I said just for the record I constantly apply this mindset to myself the second I feel myself getting even slightly bigheaded I make a point to elevate my Social Circle and I genuinely enjoy the chance to be schooled by someone much smarter than me you know I really enjoy my quick 30-minute catch up with some of my older friends you know the guys who are in their 40s and 50s that have 10 20 30 50 times as much money as I have and

the little life lessons and things that I learned from him I enjoy that far more than all the extravagant lifestyle yach parties blah blah all the stuff all that crap is fun but just surrounding yourself just being in the presence of someone who's so much further ahead than you it's a liberating experience it just gives you so much context now the next thing you should know is that you need to invest early and gamify theen out of it make it a fun game for yourself each year can you buy one property or how quickly can

you get your Investment Portfolio to 250k now it's time to take everything you've learned from this video aggressive Focus the need to save and not spend money unnecessarily and benchmarking yourself against Real entrepreneurs and then apply it to the final lesson it's a cliche but the sooner you can make your money work for you and not the other way around the better off you'll be and the only way to achieve this is through investing and the only way to invest is to gamify the hell out of it let me explain first you need to decide

a vehicle for your investment when you're first starting out this can be something as simple as an index fund or a Government Bond but my recommendation to you is don't get tempted by anything that's popular or promises quick returns I can promise you this there is someone much more experienced than you with way more money and influence who is waiting to take yours off of you pick something easy that needs very minimal input from your side next pick an investment schedule every month challenge yourself to exceed this set ambitious goals and make them the surrogate

for any extravagant purchases that you would have made set yourself a challenge in 2 years can you build a $250,000 property portfolio make investing your new and only personality trade take advantage of some of the tax-free schemes in your country and every time you make an unexpected amount of money put it away challenge yourself to see what you can go without invest it and if you adopt this mindset you're going to start to see investment as its own reward beyond the returns I mean ask any Gambler and they're going to tell you that the thrill

isn't in winning or losing it's the anticipation and apply that same Twisted mentality to your portfolio so ladies and gentlemen that last final Point by the way is probably my biggest regret I only started investing in late 2020 right before I was about to turn 21 years old and if there's one thing I wish I could go back and have done done it started investing when I really started making money at the age of 18 and I also want you guys to bear in mind I'm not saying don't spend money it's I'm very open and

honest about the fact that there's a percentage of my income I forc myself to spend cuz I'm like listen I'm only going to be young once but the actions that I took when I was 18 19 20 21 I lived an incredible life but I also lived very much below my means and those few years honestly set me up for the rest of my life so these were four lessons that I just kind of felt obligated to tell you because it's all fine and well making millions of of dollars but most of the time people

are just going to piss it all away but if you apply these four lessons I know for a fact that when you make your Millions not only are you going to keep it but you're going to grow it and you're going to turn it into a real Empire and with that as always I'm watching from afar and I'm rooting for you