My Honest Advice if You Want to Make a Lot of Money

I see a lot of bad advice out there when it comes to how to make money here is my brutally honest advice to someone who wants to get rich that's the golden rule of this and that is the fundamental thing that anyone needs to understand if they want to make a lot of money when they say work smart look I'm on a beach work smart buy my course you are the product what would you say is the single most important meta skill for Life the last piece of advice that I have maybe the single best

piece of advice that I've ever received can you talk a little bit about what exactly you mean by creating value the only way to make money is to create a lot of value no one just hands out money no one's just going to hand you money cuz they like you no one's just going to hand you money CU they want to hang out with you people give you money you make money because you've created a lot of value for them and that gets Lost in Translation a lot particularly with the younger generation you think that

money is just something that you can manifest from different social media Enterprises or different things that are going on the reality is the people that make a lot of money are the people that create the most value for those around them anyone that you have seen that has made a ton of money it is because they created an enormous amount of value for people in their ecosystem so the advice that I actually give if you want to figure this out if you want to figure out how can I create value that's the question that you

need to ask yourself it's all about solving problems so what you have to do is look around you there's there's all these people there's colleagues there's customers there's bosses uh there's potential customers they all have problems identify their problems develop a solution and then scale that solution if you can do that you'll make a lot of money but the important Point here is that it's not about thinking about the thing it's not about brainstorming the thing it's not about writing about the thing it's literally about doing the thing you actually have to create the value

in order order to receive the value in the form of money money is just a byproduct of the value that you create for others create value receive value that's the golden rule of this and that is the fundamental thing that anyone needs to understand if they want to make a lot of money what would you say is the single most important meta skill for life salesmanship salesmanship is more important than intelligence my richest friends are not the ones with the highest IQ they are the ones who are the best at sales they sell themselves they

sell their Vision they sell their ideas they sell their products they're not afraid of being told no they just continue selling continue iterating until they get to a yes and so for anyone out there that is the meta skill that needs to be built it's the ability to sell because intelligence is actually really overrated there is someone significantly less intelligent than you out there right now living the life that you want simply because they are not insecure simply because they are willing to put themselves on the line and go sell whatever it is that they're

doing you need to demonstrate excellence in everything that you do demonstrating Excellence your success and your income will scale with your ability to demonstrate excellence in the things that you do always and yes everything matters every single thing because the world is going to forget your best and judge you for your worst and top performance understand this they show up with energy for the small things just as much as they do for the big things it doesn't mean that every single thing you do is going to get justly rewarded and perfectly rewarded sometimes it'll get

ignored sometimes people won't notice but over the long term if you zoom out you are going to get paid for the amount of Excellence that you can demonstrate so if you are a top 10% performer you know it if you're in the top 10% of your company and you continue to be you will continue to do well you will make a lot of money I have no doubts but the point is that if you are not you need to have the self-awareness to recognize it and to change that if you want to make a lot

of money what kind of question should one ask themselves um in order to assess whether the entrepreneurial path is the right path for them doing your own thing is not for everyone we have lived in this social media world where we've glamorized this idea of doing your own thing building your own thing entrepreneurship bet on yourself all this stuff gets celebrated a lot the reality is that for most people the best path they can take is to be excellent within someone else's company work your way up get promoted continue to make more and more money

Tim Cook has never done his own thing he didn't start apple he wasn't you he didn't found IBM before he went to Apple he has worked and been excellent excellent at everything that he's done and he is a billionaire you can become a billionaire in different ways it doesn't have to be by building a company maybe that's the most common way because you're going to own a significant portion but becoming excellent at what you do within someone else's company is a perfectly good path for the vast majority of people to build Financial wealth and so

first off recognizing that you don't have to bet on yourself and take this huge risk and go be an entrepreneur if you want to make a lot of money you can make a lot of money working your way up at a company but it means that you have to be extraordinary you have to be excellent at what you're doing within that business there's this whole idea that like entrepreneurship is uh working 4 hours a week and going and sitting on a beach and you can make all this money and make millions of dollars that may

work for a very very small portion of people the reality is that for most people entrepreneurship means working just as much if not more than you would if you were working a normal job because your name is on the door so the amount of responsibility the expectations the things you have to lose it's all on you that's a huge burden on your back so doing your own thing might be glamorized on the internet on social media but the reality of it is actually a lot more challenging than you think how important is it to be

in the right rooms with the right people have relationships with the right people when that time does come in order to build Financial wealth your relationships and your networks compound better than any Financial investment the relationships that you build in the early years of your career when you are working hard when you were in the trenches is are the relationships that are going to be the ones that Vault you into the future that you've envisioned for yourself losing sight of that is a mistake uh it's why I frankly think that like sacrificing sleep in your

20s is a good thing to do because sometimes you need to go out to that event to meet the person that might be the person that's going to help you later on down the line that you're going to build a relationship with and if you're so focused on getting 8 hours of sleep at night in your 20s and you're not willing to trade a little bit of that sleep and maybe a little bit of that health and well-being in order to build a better life for the future you might be making a mistake I had

a conversation recently with someone who was telling me that they want to create this dramatic change in their life they're like working a 9 to-5 that they hate and they want to create this dramatic upgrade they want to go build their own thing so I asked break down your whole day tell me what you're doing hour by hour and they did it and it involved 2 hours of netflixing and chilling in the evening and so I said the obvious question can you cut that back to an hour and find an hour to focus on building

towards that future that you're trying to do and the guy said no he needed it to unwind and my immediate reaction was like do you need that 2 hours more than you need to change your life because that's the harsh question you need to ask life is filled with these very challenging painful tradeoffs and sacrifices that need to be made if you want to go and Achieve that extraordinary outcome if you don't that's totally fine you can go build a good life working a 9 to5 punching the clock coming home caring more about the other

things in your life and that's totally fine but if you come to me and you tell me that you want to build an extraordinary financially wealthy life then you need to be willing to put in extraordinary inputs because extraordinary output is simply a result of extraordinary input and that is what people lose sight of in all of this mix you're like you're not willing to do the extraordinary but you want to achieve the extraordinary that's not how life works that's not how anything really works I feel like the younger generation is seeing on social media

that there are these you know quick hacks to to wealth I mean is all of that BS or are are there ways for us to minimize the amount of inputs that we need to put in to and get a really high amount of output the only quick way is if you somehow figure out a way to create a whole lot of value very very fast and you capture a portion of it the people that have made money very fast they figured out a way to build a solution that people wanted and scale that solution very

very quickly there was no hack to it that's what they did so like even the people that are selling you on some dream uh you know they're the course sellers or the people online that are like hey join my Discord group or buy my course and you can do this too I'm in front of a private jet I'm in front of a Lamborghini and by the way they didn't make money doing the thing that they're telling you to do they made money by selling you the course or the Discord group on the thing um those

people they figured out something that people wanted which was selling them a dream and they scaled that solution using the internet and so they made a lot of money doing it there's no hack there's no quick way to do any of that it's just are you able to come up with a solution and then scale it so what exactly do you mean by working hard first and then working smart and why do you believe that that is the way that people should go about living their life when you're young time is the only asset that

you have you don't have money you don't have networks you don't have knowledge you don't have experience you have nothing else but time so you need to trade your time to gather knowledge expertise wisdom insights Money Networks you trade your time for those things that means working hard you're literally trading hours to gather those things then it flips then you're older and at that point now you have all of those things and you need to deploy your energy into the things that really matter into those small number of opportunities that are going to create the

really significant outcomes so you're deploying now that wisdom Insight knowledge Network expertise all of those things into the most important opportunities the other way to say that is you work hard first and then you work smart later but the working hard is irreplaceable because that is where you actually go and accumulate those chips that you're able to then deploy into those bets that really matter later on how do you know when it's your time to start working smart and to start capitalizing on the one or two opportunities that are there right in front of you

have you demonstrated Excellence at the things you're working on for a long period of time have you demonstrated excellence in what you've done have you deployed your time and really put your head down so that you feel like you've actually built up a base of understanding where you know where to go and deploy it into I mean like you start to see the world differently when you've accumulated that wisdom and those networks you start to see that there's an opportunity and you know the exact right person that is the the one that you can partner

with on that opportunity that starts happening and then you're like oh my God why would I not be focusing on this one thing because it's so abundantly clear to me that I have the exact person for my network the exact idea the piece of wisdom and insight on the type of business it is and we can go deploy it into this thing and it's going to be a high probability of success at something ultimately life comes down to this pretty simple formula where like success equals the number of shots you take times your probability of

winning at any shot and uh number of shots is really important you want to just keep shooting at different things but the other really important piece is that probability of success in any one and that goes up as you have more wisdom networks knowledge that probability goes up and so then you don't need to take as many shots you need to find the shots that are going to have the highest probability and that's how you end up achieving that success financially what specific framework or system would you recommend someone like that take uh in order

to balance having a full-time 9-to-5 job and also working towards building this dream life or building their dream business I use what I call my 30 for30 approach whenever I'm trying to make progress in some new thing 30 minutes per day for 30 straight days uh if you can do that you will make dramatic progress in anything by the way it could be building your new business in your future it could be learning a language it could be uh building some new skill whatever the thing is 30 minutes a day for 30 straight days it's

small enough that anyone can find the time for 30 minutes of focused work but it's big enough that it creates 900 minutes of accumulated effort on something over the course of 30 days and 900 minutes is significant in terms of the impact that it can create the answer is found in the action people think that you need to have the answer and then you go take the action that's not the way the world Works roomie the ancient poet has this quote that as you start to walk on the way the way appears you don't know

the way before you start you don't know the answer before you start you start walking you start taking action and then the answer appears for you it's through momentum it's through action you don't need to have the perfect answer you don't need to have the perfect business you just need to start moving and those things reveal themselves a lot of people they just want to they think to themselves oh if I just get that you know $20 million I'm good or if I if I get that girl that beautiful girl like I'm set if I

get that job if I land that career I'm like everything's going to be good I'm going to be the happiest I made it there's no such thing as making it it doesn't exist you have to make it every single day because your seat at the table is never guaranteed there's always someone coming to try to take it and it will go away if you don't continue to work for it you have to pay your rent every single day it's a universal truth Apple biggest company in the world if they stop making new iPhones within 2

years they will no longer be a successful company most successful company in the world they cannot just Coast off of the success that they've had historically you can't either if they can't then you can't so making it is a total fallacy there's this Parable that I write about in my book that uh every morning in the savannah a gazelle wakes up and has to outrun the lion or get eaten and the lion wakes up and has to outrun the gazelle or starve and the point is that whether you are the gazelle or the lion every

single morning when you wake up you better start running and that is true for your own life every single morning you have to be running you have to earn your seat at the table and so thinking that you're going to make it and then suddenly be able to chill is just a lie no one is handing your businesses money your business can become successful but if you stop doing the work it is no longer successful I I have friends I just spent time with a friend who you know making millions and millions of dollars off

of courses and different online products if he stops making new courses and products they will no longer have Revenue they will no longer have profit to pay himself to pay his team to pay the ecosystem around it won't exist there is no such thing as just free money being handed out to people value has to be created if you want to continue to have a seat at that table you've said that expectations can be a financial liability what exactly do you mean by that expectations are your greatest Financial liability that's an idea straight out of

my book in the financial wealth section if you don't manage your expectations as a liability you will never feel rich because what happens for a lot of people is that their expectations rise faster than their assets so what they're expecting for their life is growing faster than your ability to keep up with it in terms of your income and your assets growth you will never feel rich you'll constantly be chasing whatever the next thing is and you'll never feel that sense of Independence that feeling of satisfaction that comes so managing those expectations making sure that

you are living below and within your means at all points in time and understanding what your definition is of enough financially is super important the last piece of advice that I have is maybe the single best piece of advice that I've ever received it's from my grandfather and he told me you will achieve more by being consistently reliable than by being occasionally extraordinary reliability punching the clock showing up every single day being someone that other people can count on to figure it out that is the most valuable skill that you can have and as we

said creating value you receive value in return that's how you make a lot of money here's the reality every single thing that you want in life comes at a price mhm and you have to decide whether you are willing to pay that price in order to achieve the thing that you want that is my entire goal of this video to share with you my honest perspective on the price of achieving that life of extraordinary Financial wealth that you say that you want to achieve if you listen to this you hear it and you want to

go and do that then by all means go after it Eyes Wide Open about the price that you're going to have to pay if you don't want to that's fine as well but the point is that that you have the ability to choose if you enjoyed this I'm going to do just plug for my book here if you want to make a lot of money and build a beautiful life around it you're going to love my first book the five types of wealth it's available everywhere books are sold for more information you can go to

the5 typesof wealth.com and learn more thank you and as always until next time stay curious friends [Music] to find more information and