3 20's Mistakes That Will Make You Poor In Your 30's
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- Опубліковано 7 кві 2020
- If I could go back in time and fix these things I would probably be 10x more successful than I am now. The full list of mistakes starts at about 3:30 BUT you need to understand the entire picture.
If you want to be an entrepreneur, start a business or just make more money over your life time these are absolutely critical.
#life tips #money #MAMBAMEAT
You can get your free case of BLACK MAMBA MEAT here : ua-cam.com/video/_AtP7au_Q9w/v-deo.html
NO, IM ON A DOPAMINE DETOX. I MUST NOT FAIL OR I WILL DISAPPOINT MY MOST WOKE EMPTY HOUSE BUSINESS GURU TRILLIONAIRE MENTOR
Fine, I’ll have to break my perfect $1,000,000 bank balance now 🙄
what is your opinion on perfectionism ? or being perfect ?
U still with ur girlfriend then?
Alex 1-2 mil a year will suffice for 90-95% of the worlds population LOL.
My takeaways: In your 20s -- 1. protect the hell out of your time 2. high risk and high reward mentality
Pretty much, and understanding the game is key.
Im 21
And im acting Like A Child.
What is wrong with me!?!?!?
@@fightplayaction7720 What do you mean by that?
The main point is we should not focus on short term decisions that are rewarded instantly, but focus on long term decisions that don't pay too much right away, don't give you an instant gratification, but pay off eventually
@@daddy_chill1530 Not exactly. If you're not protecting your time and focusing on safety, then your long-term decision could land you in a dead-end job that doesn't satisfy you. So it's got to be in the context of pushing the limits of comfort and maximum productivity.
Young guy’s listen up, i’m in my mid 40’s and could have been retired by now. What you do in your late teens, 20’s and 30’s has a vast impact on your life.
End of the day do things and buy things that make u happy and enjoy life.
@ocelot. nope if you have a business ur not
@ocelot. Not if you own your own business... Then your work isn't just x amount of time spent working to make x amount of dollars... When you own your own business its a lifestyle and to many people it is 10 million times more fulfilling than working for someone else. You can either play your own game of chess in life or inevitably you will end up as a pawn in someone else's chess game.
That is very true. And only hindsight can tell you this.
@@C63Bez I'm was not saying not to buy things that make you happy, as long as your doing it for you and not to please others. I very much advocate enjoying life as we all only get one shot and will already have less time than we think, thats why it must be used wisely. Do things while you are young and able as some things are not always possible when you are older or your life just changes.
1. Thinking in short terms instead of long terms.
2. Aimless dating when you are not sure about starting a family in your 20s.
3. Pick your identity randomly and try to identify as something by imitating someone.
An idea has just formed in my mind having seen your comment, pen to paper again. Thank you.
THXS saved me 20min lol
How do you differentiate number 3 from analyzing and implementing others actions into your own personality?
@@lynoxroyal9587 I think you do it by exploring stress factors/anxiety. Action that 95% feels like a natural flow means it matches your personality (maybe not in the short term whilst you adjust to a new behaviour). If new actions leave you either feeling bored a lot or over stressed, then they aren’t matching your nature.
It’s tricky.. I saw an Adele Concert on tv the other day performing at Glastonbury. She said for 3 days before, she was terrified, full of dread about it. At the end of the concert she said “this has been the best moment of my life” you want to feel that the way of being resonates with you, even if it might feel challenging.
People in their 40’s who have nervous breakdowns generally happen because they are living inauthentic lives pursuing false dreams. Be in your element
Thank you!
*Poor mindset immediately sees a surplus as an opportunity for consumption.* *Rich mindset seeks to spend their time,* *Resources,* *And energy on work that continues to pay off long after the effort has been invested.*
That's true.
Anyone who is not investlng now is missing a tremendous opportunity.
Yes. It's better to take risk and make sacrifices than to remain poor or settle for less..
investlng in financial_market is what all rich people do. This is not a living but to grow our portfolio.
I have got to understand now that. A lot of Americans don't even think about investlng little of there money and then grow there portfolio instead they wait for NFP every first Friday of every month hoping there are more employment. You guys are getting it all wrong. Start investlng.
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do.”
--Mark Twain
Like not investing bitcoin in 2013
I'm feeling this hard already at 34
@@Jalapablo I feel like punching myself in the face everytime I think about that.
Then a year or so ago when it was only 9k each and I still didn't. 😣
@@Balazak what hurt me was the people I was around. Learned the hard lesson of not discussing my future plans with people until it’s already solidified and 100% in place.
Is this an actual quote of twain?
Takeaways from mistakes you do in your 20s:
*Mistake 1:* Using your energy and limited actions to maximize money, instead of maximizing time. Thinking that time is unlimited, and money is scarce. Therefore spending time and money with a short-term vision to make short-term gains, or get short-term comfort. All actions should be weighed against at least a 10-year vision. Taking the actions that benefit the long term vision are always the correct actions. Ie. Gaining experience, building a resume and focusing on being cool among girls instead of focusing on a long term business.
*Mistake 2:* Getting too comfortable with your achievements so far. Not taking big risks because you want to protect what you achieved so far. Not deploying capital you can afford to lose, not sacrificing your existing comfort, or other irrelevant aspects of your life for a bigger goal or dream.
*Mistake 3:* Following others. Trying to replicate others, because you haven't defined yourself yet. Not identifying your own unique strengths and letting yourself be different, not doubling or tripling down on what makes you, you.
I’m turning 27 in a couple of months and I already feel so late to the game, getting anxiety because of it, but I’m so grateful I have found this and I’m grateful that you’re sharing this wisdom. I hope I’m not too late in making smart decisions that’ll pay off within 4 years…
Trust me you’re not late at all, in fact you’re right on time. I’m a year younger than you. We gotta do this now so when we’re in our 30s we can look back and appreciate what we’re doing now! Cheers!
Yeah I guess I agree with you both, I am 25 but where should we start, what should we do to make us a rich? except from starting some company as co-owners, the three of us?
The fact you're still 20's and here learning all this means you're not late
Sweet angel you're right on time don't be demotivated wonderful creation beautiful babyyy
@@jojowisa1270 That was a very nice thing to say.
I’ve wasted thousands and thousands of hours chasing women when every single relationship ended within a year or two on average. It’s a worthless pursuit in today’s age. Focus on yourself and making your life better! Learning to love being alone was the single best thing I’ve learned my whole life.
13:15 Once again "Alex" (if that's even his real name) proves that he's a bullshitter without a clue. Marriage is the NUMBER ONE mistake that a young man can make in his 20s and is exponentially more risky financially than ANY OTHER MISTAKE. PERIOD. *mic drop*
badass1g amen
Work on yourself and you will find a partner accordingly.
The covid lockdown ha really hampered dating. Its also given me much more "me" time where I concentrate on upping my skills and working on projects.
Candice Campbell explain a little please
Well...that was a really big reality check I wasn't planning on having this morning
Nicole Morel yeap...sometimes it’s all we need though
i swear
Samw
@Michael Davis because you can not know the message of a video before watching it? Duh? Am I really explaining this? Are you an actual human being?
Yo deadass lol
I’m 6 months into running my own business full time and this advice is like gold. Thank you Alex. You’ve got me thinking about things differently. Nightmare mode engage.
Nightmare mode is relative. For us it's a nightmare. For the monks it's just another (beautiful) day
Daniel Bourke how is your business going?
this guy simultaneously makes me feel like a loser and gives me hope for the future. SUBBED.
This really hit the spot for me. I am in my mid 20's and I have this scarcety money mindset.
Same. I didn't start making money till I was 20. Now i'm 24 with 0 interest to spend it on anything.
I’m 29, and I’ve done ALOT, and watched a lot of videos but your first 5 minutes of advice on the 20s is soooo valuable.
Thank you for your help and explanation. I'm 27 and feel all scattered with no direction but after hearing this, I understand what I need to do, so ty!
Lol.
Love how you are able to articulate these super important life lessons so clearly, it just all makes sense to me! Keep up the good work Alex.
As a 35 year old...I wish you had told me this 15 years ago. I've already been realizing some of these things but definitely did not know them in my 20's.
Same here... and now what?
I love this! Helps me feel better when I may not see as quick of results, but then I remember my long term goals. It is so hard to see the forest when you’re in the trees. I started my own UA-cam channel and I’m praying for growth
you just pointed most of my mistakes from when I was 20, to bad I`m 33 now but I am grateful I found you, read your book also great inspiration man
I’m 30 this video wouldn’t play for me
I'll record it and send it to you. You can show it to your kids.
Why is this video making it seem like it is the end of the world if u dont work figure yourself out in your twenties? What about the people in their thirties who still havent established themselves yet? Are they doomed?
😆😰
@Juru ok got it. thank you.
You made me laugh while I was eating. I almost died in my 20s
I have never been so focused on a video in my life, amazing advice. Really does make me realize what I am doing wrong. Feels like a big brother passing you down his experience
This is very helpful to know. You've put this in a way that's simply realistic and yet still feels possible without being overwhelming.
My problem is executing actions- I was very sheltered, homeschooled and unhealthily isolated for most of my life. Now I'm in my 20's, childhood has flown by, and I'm terrified of more time being wasted.
This type of information helps me a lot, and puts things into perspectives, and makes me hopeful and wanting to learn more. This will hopefully help me start enjoying my life sometime in the nearer future.
GREAT video and advice Alex! We love the wisdom you are imparting on folks who could really use this. Having a scarcity mindset serves no one. We could not agree more with you! Breaking out of comfort zones is also key. Nice one! Keep up the great content! 🙌🏽
Really insightful and inspirational, the aspect of time scarcity really didn't hit me until after hitting the 30s unfortunately. Now I always get up early and structure each day to make the most out of them. I can't imagine being hungover wasting weekends like the college days. Even started a channel to show how fitness can fit into this!
I’m going to watch this video tomorrow again, & the next day, & the next to make sure this info sticks. Definitely resonated with a lot of what’s said here specifically feeling like you’ve “made it” as the most successful out of your peer group even though you haven’t done shit yet in the grand scheme of where you could be. Lots more to do!!! 💯
Man I’m 25 this month and this was probably the hardest hitting video I have seen in a long time, thanks for your insight mate really appreciate it 👌
Thanks a lot. I’m 21 and all what you’ve said is just me. Thanks for putting me In the right track🙏🏾❤️✨
People are missing out on Alex's content I feel blessed for watching him.
Same.
You are blessed, I am blessed. We've been blessed as the chosen one illuminates our very minds through his UA-cam videos. Anointing us to follow in his footsteps to greatness and fulfillment of purpose.
To Believe I've been here all along because a video titled "How I went from broke to Lamborghini in my 20's" all these years ago came from this man makes me wanna tear up you know? Amazing 10/10 life graphics are amazing
I always download his newest videos. I checked alot of them are private
@@WitchLuw need to start downloading the important ones too.
Same
This was a great video! I'm glad I stuck with it past the 5 minute mark. Solid advice for reshaping our mindset surrounding money!
Thank you again Alex; well said; Amen.
The girls you get in your 20’s instead of being on your purpose won’t want you by the 30’s...cause you weren’t on your purpose. Its crazy how everything is interconnected
Yeah.. The trick is about forgetting girls and just investing that energy into whatever your purpose is. Too many people get it the other way around. The chase after girls makes it so much more difficult and delusional.
It's so real man. The chicks you were sweating in your 20s you wouldn't even be concerned with in your 30s when you're really on your shit.
I have this huge dilemma. I have a gorgeous girl, who believe I can do anything if I want to. Problem is, I spend almost all my hours with her. I do read, I do work out, both I do with her though. Graduating from High School in two weeks and idk what happens next.
My problem is that I can't decide if I'm "wasting" time or not..
@@tingsborg9375 you're becoming way too dependant on her if you do everything together. First you need to learn how to be properly alone, meditation, reading, working out and all kinds of different stuff, with pure focus. Then after you've mastered your own alone time, I guess spending some more of your time like that with your girlfriend would make sense. But you need to prioritize what's really important to you. Different people have different goals. Just because I'm saying this doesn't mean I'm right though. I'm a different person. I wouldn't want to rely on other people too much, first I want to rely on myself, and then I want to be responsible for others, still not to rely on them. People come and go, who knows what will happen in a few years. Maybe you will have her as your wife and you will have kids and a beautiful home. But will your goals be fulfilled then? Maybe she or you will have an accident or something else will happen that will split your paths, you might become heartbroken if you rely on her too much I guess, then you might become regretful of why you haven't followed your ambitions most of all. Maybe then things would have worked out different, and you still would have had her as your wife, because you were strong enough to protect the relationship? Who knows.. life is small decisions unfortunately, but some things you know deep inside, you just need to search for it and open your mind to it. Good luck.
@@tingsborg9375 My advice at 23, fuck as much as you have the chance to but don't take your relationships too seriously. Also, be honest even if you think it'll prevent you from getting laid.
I’m 28 and it took quarantine and covid 19 lockdown to finally have time and energy to heal rest and come up with a plan to invest in my life . I spent the years before that working to pay my rent and surviving and when I had free time I’d rest and prepare for the next day . It’s sucks cuz time flew by so fast I could’ve created something during my 20s but I had no time and energy and also successful people around me to focus on myself and learn . And your also young and want to be young and have fun and it’s such a confusing time period in life that just takes a lot of discipline to go in the right direction
I just had a huge aha moment. I'm 19 and this was invaluable. Thank you bro!
Thanks for your video Alex. The series of videos on dopamine have changed my life. I also fasted for 24 hours and now current doing 48 hours. Thank you so much
Making it habit to write a short summary of your (and other) videos. Rereading my goals every week and adjusting if I'm still on track worked wonders so I hope that rereading my notes will help me act accordingly whenever the moment comes to make a decision.
Really nice advices. I Agree 100% and I was thinking a lot about this. Im 26 and i`ve started to worry about time passing 2 years ago. I am surprised that none of my friends / coworkers thinks that its already enough experience. That time is passing and you have to do whatever you need to start what you really want to build asap... Its good to hear that from someone whos over these steps. Cheers.
This is such an amazing 🤩 video. Definitely advice I wish I would have heard in my 20s. But I’m definitely looking forward to using the energy I have to create a plot twist in my story. I believe I can still experience great success in my lifetime! 🙂🧘🏻♀️
I appreciate you. You’re REAL, that’s rare. Especially within this niche. Thank you
I do love your way of thinking. I think very same as you! Am am happy for UA-cam to show me real role models.
Alex, Thanks for the advice. Wish I had this when I was 20, 30 or even 40. But I have it now and been more focused the past few years.
Any advice to someone who’s 28 and not yet established? Part of me feels like I should be looking for a wife and the other part is still figuring shit out lol
Dude it’s crazy how much our thoughts align on this! The dating part especially - I almost think some of my friends have a “condition” where they cannot focus on anything outside their 9-5 brain dead job apart from dating and meeting girls. They are wasting SO MUCH time AND money just going on these hinge dates 😂
I'm honestly really digging the new content. It seems like you enjoy this more as well. It's crazy to see your trajectory through life through your video's change that much. And somehow all of them sound plausible
OMW! I needed to hear this! I was battling with making up my mind about a job I am getting for experience and short term financial goals versus staying in it for years 'for experience'. I know now that I was about to trap myself in a scarcity mindset. Time is the scarce resource here, that's what being part of a 'system' makes you forget. Time is the finite resource, not money. Great video!
Thank you Alex! Cash is available, time is limited! Better to use the time to grow instead of focusing on cash. So true man. Dont let money take priority. You can always make your money back. Take more risks and leave your comfort zone to advance in life, you will have newer skills and experience.
This video is making me want to cry. I’ve just made a decision to leave a business partnership that has provided a great income and lifestyle but hadn’t grown over the past year (in my eyes), in order to pursue my own long term goals. You really hit home because I’m 26 with a young family and I have spent my 20’s working my ass off, trying to work myself out and think where I want to be long term. I’m probably going to take a hit short term but I know where I’m going is worth it. Thanks Alex.
Hey David, I think what you did was very brave and not many people would make that decision given the circumstances 👍 How did it turn out for you ? If you don't mind me asking
Thanks a lot! I'm almost 22 rn and this gave me some fresh air/kick to the ass that I needed.
thank you Alex....thanks a lot
i got 24 in january and right now I just realize all this, I got too much money in my 20-23 but I stayed mostly in my comfort zone. I travelled and partied all the money off and invested nothing, I skipped college and went straight to work, now I want to go to college. The realization that I am 30 in 6 years is kicking so hard day to day. Just wow.
I'm 29 now... I had/have an excess of stupidity but none of the confidence. That was crushed early in my childhood and teens (if it was ever really there to begin with), followed by chronic depression, a metric shit ton of anxiety, stress and self-esteem issues which caused longterm unemployment and multiple burn-outs. But I'm finally trying to turn it around despite being crippled by college debt, having no savings and being broke. Having no guidance or a mentor in your life really is a handicap that's difficult to overcome in a world that's so fast-paced. My one redeeming quality is that I'm decent at drawing... But that's about it. Devouring content on self-improvement in the hopes of regaining some semblance of confidence so I can do something without burning out again.
Glad I found you! At just the right time :) Looking forward to more insights from a modern teacher.
dude i love your videos. even though they stress me out to the point of tears, it really pushes me to do better.
Start early when investing, time in the market counts not timing the market.
Dude, I’m so much more enlightened listening to you. It’s great to hear. I’m a girl, and an entrepreneur, in my early 20’s. I couldn’t agree that more that dating is a waste of time. My life is kinda like being a drunk F1 driver. I’m a person who is about personal growth, time means everything to me.
Thats just sad
Jorim Edradan it is what it is.
I just hope you don't regret your decision to betray your biology because if you leave it too long you can't go back and there are many women out there with that regret.
This perfectly described my situation, thanks for the amazing insights. I am going to do it an make the next decision to jump into something has even more potential than what I am doing now.
Just found this channel. Love the message that money is infinite and time isn't.
Can you do something for us guys that just Hit 30, who didn't do the best job in there 20's. Now life is putting us under pressure to get our shit together and stop screwing around?
Yes this please!
U just answered your own question...... get your shit together and stop screwing around
Yup, what he said.
“Some people are so poor, all they have is money.”
Patrick Meagher
Money doesn't buy happiness.... but being broke doesn't buy anything. Marinate on that for a sec.
Malcolm Schick Money does buy happiness..if you buy your dream car or a house or what ever jewelry, you will always be happy from the inside from time to time..happiness is how a person feels..it’s the same as when you buy a pizza for example you would be happy
Malcolm Schick
You don't need 100 billion dollars to buy what you need.
exactly, i was just as happy when i saved two months of my income. after that its not any better.
Klop CodeZ that if you put your happiness into materialistic stuff. Try getting into minimalism and you get a whole new meaning of happiness without things
Just love how real you are. No filter. Raw!
Too many practicing risk management rather than risk taking. Thank you for encouraging us to practice the latter.
💯% Forget dating and serious relationships in your 20's! Trust!
When you're 40+ and didn't have someone telling you all this back when you needed it...*sigh*
I’m turning 19 this month. Thank you Alex for the channel.
Heya! I just found this channel and videos just recently, this hit so different with just turning 21 and investing money and spending time!! Thank you so much for your intellect!! 🔥
Start day trading and buying random options is what the video taught me thanks!!
Worst mistake in my 20's was not having goals and sticking to them. Goals as short term achievable goals like something you can make happen in a year or less. Also keep track so you'll know how you are doing.
For someone like me, who's sadly now without a mentor, these videos are great!
this video hit different... so much value in one video!!! wish i knew this in my teens/early 20s
I'm turning 33 and started to realize this truths too late around 30. But it's better than never.
Keep hustling and act bold if you're young, debt free and no kids.
P.s Alex using the word chode makes me think that he had exposure few years ago to the teaching of RSD.
Here are my biggest takeaways :
1. Long Term Mindset
- Stick to my own strengths and build up my one skill, because in 10 years that's going to mean something (GAIN MASTERY)
- Make sure the future you in 2031 takes priority, not the current you
2. Build my own character, play to my own strengths
- Never mimic other people, don't compare because it makes you play to your own weaknesses
- Triple down on my own weirdness and do what makes me "me"
Alex this is my first comment but I want to let you know your wisdom has grown over years and I love seeing that. Appreciate your work
Alex, thank you for sharing these things.
Shows a picture of Matthew Perry as the poor guy in his 30's. Dude makes $20 million a year just from Friends being in syndication. He doesn't need to work lol.
right?!
Hahaha I'd be a very sad rich with his health problems
This made me realize that the time i spent trying to help and recover the friendship with a girl i knew was a waste of time. It was only going to drain me
In some years it will not matter and then you will look back proud if you stop this early on enough otherwise it will seem like a waste of time and confidence.
I just came across this video and it’s one of the best videos i’ve seen on youtube
Thank you so much Alex. That part about experience really hit me hard.
Alex "give it 5 minutes" Becker
Blazer I don’t think he has 1 video that’s actually 5 minutes 😂
@@ChasingObstacles document.querySelector('.html5-main-video').playbackRate = 4
That 5 minutes felt like 19:58 😅
Frieza
@@tubefile100 Nothing like leveling up for 10 episodes in front of an enemy
Spot on 20 minute talk, I resonated with the scarcity mindset section as I have had 2 large sums of money from working my ass off for example £25k for 3 months intensive work in Iceland that i used to invest in myself and put off all kinds of opportunities to grow that money, and I did the same with my time in Australia.
Now i don't regret how I spent the money, I learned a lot and now im ready to implement some of my ideas.
some of which has to wait until the lock down is lifted
Im in my early 20’s i watched the vidéo with my eyes wide open didn’t felt bored you really said it all man and the Way you explain things is very good you made it very clear im not even a native english speaker im really glad i subscribed to your channel
Thank you, this is good to hear. Something important to be aware of. Go to what is uncomfortable, but helps you grow. ⚖️
“if you become really successful but are still a little chode” and you got my sub for that, awesome video really good points not like all these other people reppin the same points over and over.
The part about thinking money is scarce and time is unlimited hit me hard. Im 27, ready to quit my corporate job that doesnt even pay that much and getting out of my comfort zone moving back overseas.
wow, great advice Alex. Especially with the focusing on relationship bits.
I have to say - your content is much better than I thought it would be
On the note of dating girls in your 20’s, I highly support his point. I was chasing females 18-23 HEAVILY to the point my life revolved around it without me even noticing. Time, money, and energy into getting laid. When I met my wife and realized that she was the one, I gained unreal focus and drive. Which naturally changed my life, changed my circle, and put everything into perspective
This really is a life changing video
I make over 10 000 per month at FRO ZEN PA.C OM
Oh hey Brandon
Facts!
didn't expect to see you here bruh
I was thinking the same thing. Especially because a lot of this is stuff that I’ve heard from others but he summarized it so well that it’s able to really have a profound affect, whereas it otherwise may have been lost on me
im gonna watch this video every week TY :)
Favorite video so far. I've recently learned how to generate short term money and I really needed the perspective on long term plays. Hard to imagine being able to generate 10's of millions when your top has been six figures but I see the importance. I'd be stuck at six figures forever if I keep making six figure moves. Thanks
13:35 thank god I realized that at 18, saved me so much time and energy 🙏
It’s true, you generally know almost all a job has to give for experience is six months...on the same token, now probably isn’t the time to quit your job. But later after this virus, maybe be more open for it.
ocelot. Theres a big difference between knowing a lot and being a master. Settle down and think before you start getting all aggressive
Great video...your idea about time is maybe the best I ever heared. Just to know i m 40...I wish i knew this explenation at my 20s
Broo..Im only 9 mins in and this is a bonafide breakthrough video..This is so powerful and speaking to me directly at the right time I needed to hear it. Thank you!
Alex is the Pewdiepie for adults 😂
I watch both (I'm 15)
@@conorfarrell8415 he meant adult by mindset not by age
@@AkhileshKumar-fk3od hence my immaturity
is pewdiepie not for adults?... fuk
Facts.
Relationships: If you can’t see yourself spending your life with them, don’t spend a day with them.
Business: If you can’t see yourself doing business with them for life, don’t do business with them for a day.
How about if you are lonely and end up in a relationship that isn't ideal
We are emotional creatures.. not always easy to just connect the dots
I needed this
Yarden Marom reas the “Power of Now”. As long as you’re uncomfortable being alone, no relationship will work
Fairytale advice...
@@YardenZada being in "monk modr" isnt easy
These are amazing advice! I completely agree with everything you said!
Thank you bro, i needed to hear the bit about girls, been telling myself the same thing, but hearing someone successful say it is a great help
Man, I wish this channel existed when I was in my 20's...
Most important point and a great reminder
11:35 - 11:51
I understood the concept of making more money and not making more time early on, in my late teens. But what is even greater advice in my opinion is to look how you balance it as you spoke about in the part of the video mentioned above.
I went from money-scarecity (cause of upbringing) to time is scarce and money, well, not abundant yet in my account but i went from "if it already is worth my time. Then it definitely is worth my money. So the opposite it true too: if I'm not cool with spending money on it, then I mustn't spend time on it."
And that guided me for the past years in a major way in all that I'm doing.
But I find it hard to explain to others.
So I think the a very very good way to start is to ask how easily ready are you to invest time? Compared to your money?
If it's clear that you spend time more rapidly without thought, there's a lesson there.
Edit: I feel like I should clarify that the mindset shift to "you can always make more money and time is the scarce ressource" didn't led me to riches yet. But it definitely made me invest my time in reading, reflecting, investing, risking, trying, failing over and over. And basically just made it possible for me to hunt down my dreams. From doing so you get the confidence that it's more than possible to reach it. You don't let other people talk you out of it anymore. And you get to know more and more how to get there though the failures (experiences) and gained knowledge.
Edit 2: let me talk about why the video part is so important. So, KNOWING that time is more valuable is something a lot of us already know. If not most. But what now? Well, we need a way to IDENTIFY if we already apply this knowledge. A way of "tracking" or measurement if you will.
You do that by COMPARING how easily ready you are to spend time vs spending money. How much do you hesitate for one? And don't do it for the other? How easily are you convinced to spend one compared to the other? And how easily do you give away one compared to the other to people in need who are not even close to bankruptcy with time or money? Losing which of them created more angry moments in your past? And I'm not talking about losing time to the stupid relationship you had somewhen, pointing the problem on somebody else. I mean the moments when you spend your years gaming or hanging out in the clubs. Or doing other stuff that gave you like a 7-10 on the shortterm happiness ladder. But which compared to your dreams would be maybe only a 5-7. If even so.
The short videopart is the best way I have ever heard explain how to measure where you're at with this principle.
Only knowing is not merely enough. We gotta keep ourselves accountable through measurement
Great video, I recently made a video talking about my goals. I figured out how to make money and realized I needed to take a step back from my actual money maker ( still will be doing it ). However, I am going to be focusing on what will bring me to the next level. Glad I figured this out at 24 and I strongly believe your videos have helped my insight over the last couple of years I have been watching. Thank you Alex
Damn. i needed to hear this. thanks for the great advice
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I started realizing that time is the most valuable asset when I was 19