I could have become a millionaire by age 24 if I had opted these 6 habits sooner.
1. There are levels to the world of work
Level 1 = Job
Level 2 = freelancing, consulting, or one-person businesses
Level 3 = starting a business
Level 4 = running a business with large numbers of employees
Get off level 1 amateur hour.
2. Opportunities that make real money look like scamms.
That’s because they:
• Carry risk
• Are uncomfortable
• Require an optimistic mindset
That’s not the default way the average person operates.
Action: take conventional advice and do the opposite.
3. We should love saturated markets
• Because the opposite is a market where nobody is buying
• That means it's a problem people don’t want solved
Instead of trying to copy or be better, just be different.
Action: go where the most competition is. Then be yourself.
4. When you reach people you make money
Your ability to start conversations & attract people is crucial.
To successfully start random conversations: have no outcome in mind.
Otherwise your selfish intentions show & you get ignored
Action: start conversations with no agenda
5. Money is the result of a skill stack
• No one skill made me millions
• But each new skill increased my multiple income sources
• Because each skill was correlated to one another, they compounded results I’d already achieved
Action: rebuild and expand your skill stack.
7. Make more asymmetric betts
...where the potential upside is far greater than the downside.
Failure is the way. No failure, no learning.
Action: take one new calculated, research-backed risk.
11. Pay for access to winners
My friend Dakota paid $10K to hang around a millionaire creator.
Within a year he made $50K a month.
The proximity effect will make you a millionaire, faster.
Final Thought
Becoming a millionaire has little to do with money.
And more to do with a shift in psychology that bleeds into every area of life.
Action: build a side business.