Secrets To Becoming A Teenager MILLIONAIRE ( 5 Money Tips )
I’ve got a challenge for you. Follow the steps I’m gonna talk about in this video and try NOT to become a millionaire in the next 5 years. I’m dead serious. In this video, I’m about to show you the exact things I learned going from $60,000 of debt to making millions of dollars online so far. These are the 5 steps I wish I had known when I was first starting out that would have gotten me there so much faster. If you follow all 5 of these steps as I lay them out, there’s no way you won’t succeed.
This first point might seem obvious, but it’s going to be crucial if you want to make millions with the rest of the steps later in this video. When I was a teenager, I remember dreaming about making money and traveling the world, buying cool things, and having the freedom to do what I wanted. And that was before the doom scrolling of today, where we are flooded with successful young people showing us what their lives are like, or so they say. But dreaming is an insidious thing. Especially when you’re young, you think you have all the time in the world, and it’s a cliche because it’s true: life is short; the next 5, 10, and 20 years are going to flash before your eyes.
So, if you dream of becoming a millionaire, you need to stop dreaming and start taking action. I put off my dream for about five years even though I knew exactly what kind of business I wanted to start, simply because starting on that journey is uncomfortable, it’s scary, what if you fail? But the secret is there’s no such thing as a failure once you start as long as you don’t give up. One of my close friends didn’t get a sale for the first 12 months he was in business! But today, he’s making a million dollars per year. So starting now is the most crucial thing you can do because the sooner you start, the sooner you’ll achieve your goals.
Once you’ve decided to turn your dreams into goals and start right now, you need to realize you can’t trust yourself. In order to achieve success, you’re going to need to make 1000 correct decisions, and if you leave that up to your own current self, you’re probably going to make the wrong ones, like playing video games instead of working on a high-income skill, for example. So you need to manage yourself like a business.
Instead of just doing what feels good at the moment, have a precise plan of what you will do each day, then tick that plan off as you do it. Only allow yourself to do things unrelated to your goal once you’ve finished all your tasks for the day. As a teenager, you might feel like you don’t have much time, but trust me, it just gets worse from there, so you really need to build this self-management skill right now, today.
One practical step here is to create a spreadsheet. All you need to do is put down your schedule for the day in column A and the time you’ll do each thing; in column B, you input all the tasks you want to complete for the day. This could be related to health, wealth, relationships, or whatever, but for this video, it would purely be the things about making money I will share with you. Then, in row 1, you see you have the date there, so for each day, you’re just putting a 1 if you completed the task and then a 0 if you failed to complete it.
The key thing here is to focus on ‘surviving’ in the beginning, your only goal is actually to use this sheet every day, if you do that, it’s a win. Then, later, we focus on ‘thriving,’ which means we focus on increasing the number of completed tasks each day. This is so crucial because it’s all well and good to ‘start now,’ but if you don’t organize a plan of action actually to achieve your goal, you’re going to be pulled around like a leaf in the wind.
Get A Job
This one might seem stupid: how will getting a job make you a millionaire? Well, having a part-time job is crucial because when you start generating high-income streams in the later stages, you need as many resources as possible. Take starting a business, for example. If you start a business, you have three resources: time, energy, and money. Now, if you don’t have any money, you’re going to need to invest a lot of time into the business (because you do everything manually instead of paying for things like employees, software, or ads). And if you don’t have any time, you need to spend a lot of money on those things. The third resource is energy, which we could think is your ability to focus on the task. Can you actually productively get shit done.
So getting a job is crucial because as a teenager. Unless mummy and daddy are going to give you cash, you’ll need to get it from somewhere. And there are no bullshit excuses here too. As a teenager, I thought I had no time because of my studies, wanting to hang out with friends, and so on. But that’s just an excuse. Everyone has time. You choose where to put that time. So, getting a little part-time job is not going to hurt. For the first two years of university, I used that excuse, and then in my 4th year, during my master’s study, I finally got a part-time job and realized how much time I had been wasting. This is because of Parkinson’s law: “Work expands to fill the time allotted for its completion.” So get a job, give yourself less free time, and get more done faster.
Start A Business
Now that you’ve got yourself organized and bringing in a little money, it’s time to start making some money. When I started out there was nothing close to the resources we have today. You can learn any business model you like for free online. To build my first business, I paid $5,000 for a course and put it all on my credit card. It was a big risk, but after three months, I got my first sale for $850, and a few months after that, I was making tens of thousands of dollars traveling the world. Today I sell a program that teaches a business model called drop servicing and build drop servicing businesses myself so I know a thing or two about starting a business.
Now, the first thing you need to do is research, go deep into all the business models and strategies you can find on YouTube, and choose which one you think is right for you. Next, realize that your ability to make money is directly proportional to your ability to “create novel solutions to complex problems”. This isn’t really that hard. Let me give you an example of a business you could start, and bear in mind this is exactly how I got my first sales when I started back in 2015, but this strategy still works today, and my students use it to get their first sales.
After doing some research you discover that Medical Clinics have a need for 3D Animations that explain procedures to potential patients. So you go on Fiverr and search ‘3D medical animation’ and find many freelancers. You reach out to those freelancers and say something along the lines of, ‘Hey, I work for an agency that has a lot of medical clinic clients looking for 3D animation, but we don’t have the capability to deliver that service right now, would you be interested in working with us as a subcontractor and could you give us some examples to share with potential clients”.
Now you have something to sell and some portfolio examples to share with potential clients to prove you know how to do it. You build a cheap website using a tutorial on YouTube and add your portfolio examples from the Fiverr freelancers. Next, you go to a lead gen site like Snov.io and generate a list of 1000 decision makers at medical clinics. Now, we simply send an automated email with Woodpecker.co to these decision-makers selling our 3D animations. You could use a copy like the following:
[their first name],
Who is the appropriate person to contact about 3D animation for [your medical procedure]?
I’m familiar with [their service] and know you do some of the better numbers in the industry. We’ve got a new 3D Animation for medical clinics that has led to a 2.3X increase in client conversions for companies in the space.
How about we connect for a few minutes to discuss this?
So, with that strategy, you’ll already get your first sales. You can charge at least 3-5 times what the freelancers charge, and you should reach 10k per month pretty quickly. From there, it’s just about getting some retainer clients paying you monthly and scaling to the point where you’re generating around $80,000 monthly. This is just a starting strategy, but you will add more services, niches, offers, and marketing channels to scale from there. But the next point is once you’ve reached the level where you are making decent profits if you want to invest that into assets.
Invest Your Profit
The biggest mistake young entrepreneurs make is they make their first few hundred thousand dollars, and they spend it on fancy suits, champagne, and rented Lambos; the thing is, it might look good to flex on TikTok, but if you’re spending all your money on liabilities, then you’re going to end up poor pretty quick.
You never know when hard times are going to come, so make sure that your cost of living remains low, go live in Thailand for a bit, and save up a runway of at least 12 months where if you were making no money, you’d still be covered for all your expenses for 12 months. Instead of wasting your money on shit to make you look rich even though you aren’t, invest it into assets that generate more income. Make it a rule for yourself to only spend money on something you would be willing to lose; otherwise, you will cause more stress.