How you become a millionia in just one time like jake

- So this guy, his name is Jake, and Jake really wants to be rich, but he comes from a pretty poor background, was raised by a single mother and lacks any positive male role models. Despite this, he is still ambitious and constantly seeks guidance on how to achieve success. Recently, Jake started working at one of my favorite cafes, and while I was sitting in my usual corner, I saw him approach an older guy dressed in a suit. He'll be called Mr. Grumpy, because I've seen him around, but he never has a smile on his face. So I knew it wouldn't go well when Jake asked him for advice. Mr. Grumpy just bluntly told him that the younger generation was lazy and didn't know the first thing about hard work. Although times have changed, Jake attempted to reassure him that he is putting in a lot of effort to pay for college and has big plans for the future. But it was pointless. Even before he could finish, Old Grumpy snapped back. He stated that younger people want everything handed to them on a platter and are just full of excuses. Coming from a humble background and having made my first million in my 20's, I saw lots of similarities between myself and Jake, so I couldn't just sit idly by it. I got up and approached them. I looked Mr. Grumpy directly in the eyes and said something along these lines. Times have indeed changed, and so are the challenges young people face today. Yes, our generation worked hard, but that doesn't mean young people aren't working just as hard today. Jake is juggling school and a job and planning for his future. The world is honestly more complex now. The path to success isn't as straightforward as it used to be. We need to support and encourage the younger generation, not belittle them. They're the backbone of future leaders of this world. We should be guiding them with our experience, not dismantling their efforts. I wish I could say that I altered his views regarding children, but in all honesty, I believe my words essentially entered one ear and exited the other. Some older people were just so stuck in their ways, but we're not all like that. Later, when Jake was grabbing a bite on his lunch break, I sat with him for a good hour sharing some real world advice to help him get ahead. This whole experience with Jake really got me thinking there must be thousands, actually, probably millions of young motivated people like Jake out there. (upbeat music) For the first ten years of your life, you're just a kid having mindless fun, and for the next ten years, you're stuck in a classroom being taught mostly useless information like Pythagoras's Theorem and Shakespeare. So I thought today I'd break down the advice I gave Jake into five principles that anyone can follow to become wealthy. It's only when you hit your 20's that you step into the big bad world and start figuring out how to earn money. So when you see 20 year-olds driving around in Lambos on social media, it can make you feel pretty bad, but don't blame yourself for not having it all figured out yet. The school system didn't prepare you for the real world. Really and truly, you're just getting started. If this sounds like you, then don't just focus on earning millions at this stage. You need to obsess over sharpening your act so it looks a bit more like this. Since they've been told that starting a business is the way to wealth, a lot of people skip this step. However, they're doing the equivalent of trying to cut down a tree with a blunt ax. It's simply just not gonna work. So how do you sharpen your ax so that when you go for the big money, you can easily cut down a tree with a few strong swings? Well, it all comes down to mastering high income skills. You can earn at least $10,000 per month with these skills. Some great examples nowadays are video editing, copywriting, high ticket closing, and software development. The amount you can make with skills like these will change depending on supply and demand, but mastering one or two of these skills can put you in a really great position early on in life. My son Curtis honed his videography and editing skills while still in school. Upon graduating, he quickly acquired clients and was earning $10,000 a month within a year. However, the money wasn't as important as the opportunities his skills provided. They allowed him to interact with extremely successful people and gain access to valuable information that others paid thousands for. This is the true power of a high income skill. It grants access. So think about what doors you want to open and pick one or two high income skills that will help you get there. Be patient with this step. Sharpening your ax takes time and dedication. This is a marathon. It is not a race. You don't have to make a ton of money really fast and just show it off. You should aim to last and not become a one hit wonder. Therefore, extend your timeline. Stop thinking you need to become a millionaire in one or two years. If you learn the right skills, then the millions will follow. Simply rely on the procedure. Once you have a sharp ax, it's also quite nice to know that even if somebody took away all your money, you'll still be able to make far more money than the average person. Most self-made millionaires say they can make it all back faster a second time around as they already have the knowledge and the skills to do it. (upbeat music) Your money is like this stack of cookies. The more you handle them, the more they'll just crumble away. The key is to stop messing with your money thinking, I'm gonna put it here, trade this, buy that, 'cause the harsh reality is, you're probably making the wrong decisions. How do you think Warren Buffet made 99% of its 137 billion net worth after his 50th birthday? It's because he understood that real money is made through compound interest. But this can't happen if your money is too easy to get at because it's too tempting. That's why you need to lock it away somewhere where it can grow in peace. But you can't just lock your money away in a bank account and expect it to grow. You need to invest it in assets. There are lots of different asset classes you can choose from, like real estate, high-end watches, and gold. However, my favorite has to be the stock market. I've personally made millions doing this. But here's the thing. Youngsters these days dream about popping bottles and zipping around in flashy sports cars. Saving money, not so much, but take it from me. Making a million dollars once is nothing special. You are only a legend if you can do it again and again. So after you've pocketed your first million, the real game begins. Can you keep it and more importantly, grow it into a fortune? The best thing you can do is get that money away from you and into investments as soon as possible. That's what I did when I was younger and I made a rule never to sell my long-term stocks. I'm now at the point where these investments make me around 17,000 a week in passive income, which means I can more than live off what my investments generate, and I never have to touch the money I work for. Once I invested my money, I never saw it as mine, and you know what? It lit a fire inside me that you wouldn't believe. Because I constantly believed I was broke, I constantly hustled for more. It's like a boxer who's training in some beaten down old gym. Often, that's the guy who ends up beating the boxer who's got access to the most luxurious training facility. So if you wanna start investing, then firstly, decide how much of your income you are going to invest every month. Don't make it an exact amount, but instead a percentage. As an example, if you invested $250 a month in a low cost index fund and got an average annual return of 10%, then in 40 years you'd have over $1.5 million. Of course, investments can go up and down. However, the S&P 500 index fund has actually given a 10.98% average annual return over the last decade. It doesn't really matter what you choose to invest, just make sure it's an amount you can stay consistent with. One of my son's amusing experiments is shown here. He set his trading 212 app to auto invest five pounds every single day, the price of a Starbucks coffee, and guess what? After about 10 months, he's already made 164 pounds, which is about $200, with an impressive 11.14% return. When he first started using the app, it also provided him with a 12-month value projection, which he was on track to meet in a few months. Since I was planning to talk about Trading 212 anyway, I reached out to them to see if they'd be interested in sponsoring this portion of the video. They agreed, and anyone who creates an account with the code Tilbury will receive a fractional free share worth up to a hundred pounds. In addition, if you invite your friends, both of you will receive a free share as long as they fund their accounts, so you can get even more free stocks. Also, don't worry if you've already opened an account within the last 10 days, you can still use the promo code Tilbury in the app and receive your free share. (upbeat music) This is the biggest thing stopping you becoming rich. You might think you fear failure, however, in reality, you are probably more concerned about how others will judge you if you fail. Because they are so paralyzed by fear, I've spoken with a lot of young people like Jake who have big dreams but are afraid to take a chance and break from the norm. However, the only way to get ahead of everyone else is to take calculated risks. Give it some thought for a moment. You'll get the same results if you do the same thing as the majority of people, right? It's possible that these risks won't pay off every time, but being young gives you a huge advantage: time. This is the most valuable thing you have. If you have this much time, your fear level should be at their least. Look, I am aware that this is not how the real world works. Due to my constant bullying, I once considered quitting my job as a carpenter out of fear.