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Intro
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do you ever look at rich people and
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wonder do they just get lucky what do
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they have that I don't have to answer
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this question I studied 100 self-made
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Millionaires and turns out it's not luck
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all of the self-made millionaires did
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the exact same five things that I'm
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about to share with you most of these
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things I already expected but one of
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them I actually found quite surprising
1
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number one in a speech she gave at
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Harvard Rihanna one of the richest
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female celebrities in the world was
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telling the story of how when she was a
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little girl 5 years old old she was
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watching one of those infomercials about
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donating to support kids in Africa and
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in Her speech she talks about how as she
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was watching this commercial and feeling
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so bad for these poor kids in Africa she
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was telling herself when I grow up I
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want to be rich so I can help all of
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those kids little did she know she would
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be able to do exactly that as a teenager
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when I was 5 or 6 years old I remember
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watching these commercials and I was
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watching other children suffer in other
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parts of the world and I would think to
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myself like I wonder how many 25 cents I
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could save up to save all the kids in
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Africa and I would say to myself you
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know like when I grow up and I can get
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rich and I'm going save kids all over
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the world I just didn't know I would be
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in the position to do that by the time I
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was a
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teenager how inspiring is Rihanna here's
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another cool story Jim car and this is
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way back before he became famous when
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nobody really knew him in 1995 he took
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out out a blank paper check and he wrote
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himself a check for $10 million for
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acting services rendered and he dated it
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Thanksgiving 1995 sure enough a couple
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years later in 1995 he got casted for a
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role in Dumb and Dumber and he was paid
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$10 million this might sound really
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obvious but the first step to becoming
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rich to becoming a millionaire is
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actually to First decide that you want
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to be rich I love that example of Jim
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Carrey but here's another one more
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Buffett as you all know Warren Buffett
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is one of the richest men in the world
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but he definitely didn't start out that
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way Warren Buffett was actually born
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during one of the toughest economic
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periods in American history as a child
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he grew up in poverty after the great
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financial crash of 1929 and tired of
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being so poor at 7 years old he borrowed
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a book called 1,000 ways to make $1,000
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and that's when he started hustling
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selling chewing gum selling Coca-Cola
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doing newspaper routes and that's when
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he started building his fortune now I'm
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nowhere near as rich as Warren Buffett
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obviously but I am also a self-made
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millionaire so I thought I'd tell my
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story too I could definitely say for
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sure that this did not happen by
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accident I very clearly remember setting
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goals at one point when I was really in
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debt my goal was to get to zero but once
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I got to zero I then set a goal to make
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$100,000 and then once I hit that goal I
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then set a goal to make a million
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dollars so there was always a goal it
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never happened by accident if you look
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at all the these stories across the
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board of these 100 self-made
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millionaires not one of them became Rich
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by accident they all set out with a
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dream a decision to become rich look
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Everybody Wants To Be A Millionaire
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right there's not a single person you'll
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talk to who wouldn't say sure I would
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love to be a millionaire like yeah that
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would be nice but that's very very
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different from saying I want to be rich
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I will be rich deciding to be rich so if
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there's one thing we can take away from
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these stories is that if you want to be
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Rich it all starts with first deciding
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that you want to be rich and now for
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number two so yall know who Oprah
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Winfrey is right you might know her as
2
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the most famous talk show host of all
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time also maybe one of the richest
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African-American women in history what
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you might not know about her is that she
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started her career at age 17 as a radio
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talk show host making $100 a week but
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she loved it so much that she continued
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on in that field and then eventually
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moved over to television where she went
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on to become an anchor and a co-host of
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several successful morning shows she
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moved to Baltimore and then later to
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Chicago became a co-host of a very
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popular morning show that later became
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the Oprah Winfrey show the Oprah Winfrey
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Show then went on to become the highest
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rated TV talk show in the country and
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has gone on to win multiple Emmy Awards
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by the time she was in her 30s she was
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making $30 million annually and at one
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point her annual salary by the time the
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Show wrapped up was $315 million a year
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that would be $10 per second so what can
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we learn from Oprah well the woman is
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now 70 and you see how much money she's
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made but what we don't see is that she
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started honing her craft as a talk show
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host ever since the age of 17 like she
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found what she loved early on and she
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stuck with it and became the best and
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top in her field at it and so what we
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can learn is as a self-made millionaire
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you need to be a specialist you need to
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focus and get so good at something that
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you provide so much value in that one
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thing and then you get paid for it
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because really the amount of money you
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can make is only commensurate with the
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amount of value that you provide and if
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you just dabble in a lot of things but
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you never get really good at one thing
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then how will you ever be able to charge
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top dollar for it another story where we
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can see this in action is with Mark
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Cuban obviously you know him as the
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famous guy in Shark Tank also he's the
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owner of the Dallas Mavericks and these
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days he's doing a lot of different
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things but that is actually not how he
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started out and made his fortune in the
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first place in fact he started out
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selling garbage bags door Todo at the
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age of 12 when he got a little bit older
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he got a job selling PCS remember those
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at one of the first software retail
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stores in Dallas Texas and it didn't
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make enough so he also had a bartending
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job at night and while working in this
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software retail store he realized that
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he had a passion for technology and also
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for sales and although he was only
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making $188,000 a year he was really
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into it and and he would stay up late at
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night at home just reading Tech manuals
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he just wanted to learn as much as
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possible so that he could be a better
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salesperson over time he built up a
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clientele and was able to get so good at
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sales that he started earning a couple
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hundred extra bucks per month from there
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a local consultant who was really
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impressed paid him some referral fees
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and he ended up getting a $1,500 check
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and for the first time in his life he
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had more than $1,000 in his bank account
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from there he went on to build his first
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company called micro Solutions which was
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a tech company and it was really his
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sales skills his ability to pitch
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something that enabled him to later grow
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that company and later sell it for
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millions and millions of dollars so that
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is actually how Mark Cuban got rich he
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not only specialized in sales but he
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specialized in sales of Technology Tech
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sales now that is specializing so even
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though you see him on Shark Tank and
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owning sports teams and all these
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different things that's not actually how
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he got his fortune he started out
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specializing so again this is a huge
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takeaway is you need to focus so that
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you could get really good go deep
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instead of going wide and then get paid
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top dollar for it you only need one
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thing to get rich so pick that one thing
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stop having shiny object syndrome and
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focus on it until it works and now for
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number three so far I've told you the
3
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stories of all really well-known
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Millionaires and billionaires but now
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I'm going to tell you the story of a
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lesser known millionaire but her story
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is super impressive nonetheless and that
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person is NAA Yus the founder of fashion
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which is an online store that sells
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vintage secondhand luxury purses so back
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in the day when na got started in all of
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this she just had a passion for buying
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and selling secondhand luxury handbags
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she was really good at finding them
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flipping them and making a profit and so
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her fiance suggested that maybe she
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turned that into a business so in
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January 2021 NAA took a jump and spent
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$115,000 which was really scary for her
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to get this side hustle up and running 6
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months later she founded her shop
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Shopify website fashionup by the end of
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that year her website had made
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$300,000 selling secondhand purses her
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side hustle was going so well that this
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was enough to convince her to quit her
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corporate job making $82,000 a year ever
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since then she's been running fashiona
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full-time from her house in California
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and by now fashiona has generated over a
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million dollars in Revenue since it
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started and as of now it's making over
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$55,000 a week I love this story of NAA
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and I can totally relate now I'm not
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famous by any means but I'm also a
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self-made millionaire and I can really
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relate to Na's story because I also at
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some point decided I would stop climbing
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the corporate ladder to take a bet on
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myself and start my own business and
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there was this awkward period where when
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I wasn't making money in my business I
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was just sort of freelancing and doing
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random things to make ends meet and I
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didn't have a business yet and I was
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watching all my friends climbing the
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corporate ladder and making more and
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more money and I really felt like I had
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made a mistake but no I kept with it and
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I just kept going towards my dream
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eventually my business did get off the
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ground and that is the main reason why I
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have made the money I have today and so
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what can we learn from both NAA and my
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story and that is to bet on yourself if
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you look at all of these self-made
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millionaires something they all did in
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common is at one point they had to take
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a bet on themselves they had to take a
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risk and say even though I'm scared
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shitless I'm going to make this happen
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I'm going to put the money down I'm
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going to quit the job I'm going to do
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this thing because honestly the way the
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world is set up is those who take the
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risks is who most of the financial
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rewards acre to that's just how things
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work and so something that all these
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self-made millionaires have in common is
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this innate sense of confidence that if
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they just bet on themselves it's going
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to work out number four love him or hate
4
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him we can all learn from the example of
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Elon Musk if you look at Elon musk's
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story of founding Tesla and SpaceX it is
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a crash course in what persistence and
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faith and tenacity look like Tesla has
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gone through so many ups and downs when
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the company launched it faced so much
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skepticism from the Auto industry they
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had production difficulties and a lot of
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financial hardships and at some point
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Elon Musk had to invest the last of his
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own funds in order to keep the company
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afat despite all these obstacles along
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the way Elon Musk persisted and today
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Tesla is one of the top car
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manufacturers in the world and it's
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market cap is now even bigger than a lot
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of the big well-known established car
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companies and then of course there's
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SpaceX SpaceX has had its fair share of
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rocket explosions failed launches and
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near bankruptcy and actually at one
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point SpaceX had three consecutive
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failed launches to the point where Elon
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Musk estimated that they had exactly
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enough money left for one more launch
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before the company had to shut down but
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despite all these setbacks Elon Musk
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persisted he had faith in his vision he
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overcame obstacles and in 2008 SpaceX
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launched its first successful launch
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into space the Falcon 1 rocket which is
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the first rocket to ever be launched
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into space by a privately funded company
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maybe you've also heard of James Dyson
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and even if you haven't heard of James
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Dyson you're probably already familiar
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with his famous vacuum cleaners
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currently James Dyson is the fifth
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richest person in the United Kingdom and
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even though his vacuum cleaners are
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extremely popular all over the world it
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wasn't always like that when he first
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got started he actually had to go
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through
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5,126 prototypes before he landed on the
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actual vacuum cleaner that made him
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famous and Rich not to men men it took
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him 5 years to do that and over tens of
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thousands of dollars in debt in fact he
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actually took 15 years to get his first
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successful product to Market ever since
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he started out as an inventor so what
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can we learn from James Dyson and Elon
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Musk well tenacity it takes persistent
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through challenges because let's face it
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life is not easy and if you're trying to
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make a bunch of money there will be
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challenges along the way and it's just
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way too easy to give up I think in this
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world of instant gratification and Tik
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Tok and where everything's just so easy
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and On Demand like nobody wants to
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persist and do hard things anymore but
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these stories go to show that the people
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who really make it to the top are the
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ones who don't never face challenges but
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are the ones who are able to face any
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challenge that comes their way and now
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for number five this one actually
5
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surprised me because it's one thing to
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become a millionaire but it's another
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thing to stay a millionaire and you
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would think that these millionaires they
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know how to spend money and be flashy
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but that is that really wasn't the case
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take the example of Alan Corey real
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estate entrepreneur when he was starting
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out he set a goal to buy one property a
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year every year for 5 years so that he
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could one day retire and so he continued
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working at his day job and divided his
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salary in half 50% for his expenses and
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50% for saving towards buying his houses
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and he kept them in two separate bank
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accounts and he did not give himself
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access to this second bank account after
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one year of saving he had saved up
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$10,000 which he used as a down payment
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on his first property of
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$100,000 and every year from then on he
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had the money saved and kept on building
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his portfolio and that's why he has the
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portfolio that he has today he was
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really good with money he had a plan he
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had savings goals and I guarantee you
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that's the reason he got rich and also
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is able to stay Rich another example is
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with Marshall Lynch a former NFL player
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now athletes are notorious for making a
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lot of money and blowing it and that's
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why they're not on this list anymore but
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Martian Lynch is because he unlike many
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NFL players was really Savvy with his
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money early on he decided that whatever
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money he made from his salary as a
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football player he would not touch and
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he would just live off whatever money he
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got from doing endorsements he did not
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spurge on luxurious things flashy things
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he just stuck to the basics and he ended
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up buying a few properties investing in
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a restaurant here and there and today is
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very very wealthy and if he stuck with
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his plan his net worth is definitely at
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least $50 million and of course I can't
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resist but mention Warren Buffett who is
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one of the richest men in the world but
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still to this day lives in the same
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house that he's lived in since the 19
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1950s not only that but he drives a
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modest car and loves having breakfast at
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McDonald's and so these are perfect
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examples of being smart and strategic
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with your money not chasing flashy
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things and not spending and spending
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just because but having a plan for your
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money and spending it wisely I loved
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learning about all these self-made
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Millionaires and hearing their diverse
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stories I was super inspired how so many
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of them came from even difficult
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backgrounds but as you can see it's not
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luck whatever background you come from
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if you just do these five things one you
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decide that you want to be rich and
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don't make yourself available to any
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other option two become really good at
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one thing go deep instead of wide and
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then charge top dollar for that thing
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three believe in yourself take a bet on
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yourself because you've only got one
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life to live and what have you got to
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lose four never ever give up and five be
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smart and strategic with your money
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learn how money Works learn the rules of
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the game and don't just spend on stupid
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that's it for this video I really
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hope you got something out of it I post
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videos about money investing and mindset
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every single week so please subscribe if
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you haven't already and with that I will
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see you in the next video bye
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[Music]