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  • If you invested 10K in Netflix back in 2002 when it went public?

  • How much do you think your investment would worth by today?

  • 4,329,600 dollars because the stock price surged by %43196 since then, which is mind-blowing.

  • Don't feel bad about yourself since you missed this opportunity because there will always

  • be another Netflix, another amazon.

  • The world is constantly evolving, and new companies are coming with innovative ways

  • to make our lives better.

  • People who take advantage of such opportunities or, in general, are financially successful

  • have a certain lifestyle, certain habits that make them high-income earners.

  • Hence in this video, we are going to explore five them.

  • Of course, YouTube is filled with such videos; that's why we will take a look at it from

  • a different angle and explore the ones that are uncommon.

  • So listen carefully!

  • Focus on getting more Skills Because they are more important than knowledge.

  • I love reading books and learning new stuff.

  • That's all great, but what people often neglect is that, despite the importance of knowledge,

  • skills are far more critical because they can be turned into a revenue source.

  • Think about how much knowledge you have gained throughout your life, from books, YouTube

  • videos, documentaries.

  • Probably a lot.

  • And now ask yourself how much of that knowledge do you really use to improve your life or

  • earn more money.

  • Probably a tiny fraction, because most of them aren't practical.

  • That's one of the problems people encounter after graduating.

  • Back in college, they were fed with tons of knowledge, but once you get a job, you realize

  • that you don't need most of that knowledge, and you just have to master a set of skills

  • that you have to repeat every day.

  • I am not saying that you shouldn't read books but focus on acquiring skills that would either

  • increase your productivity or provide you with a source of income.

  • There are a lot of things to learn about the stock market, for example, but if you master

  • the skill of analyzing financial statements.

  • You can take a look at any company and figure out if it's undervalued or overvalued to a

  • certain extent and this simple skill would probably earn you much more.

  • Let's say you want to learn to make animated videos such as this video because you want

  • to start a YouTube channel.

  • You have to learn adobe after effects, illustrator, and photoshop.

  • It is a highly complex skill.

  • But this course on Skillshare will teach the basics and some advanced tips so that you

  • can get started.

  • Its taught by Kurzgazet, the channel that makes the best animation on the entire YouTube.

  • Imagine learning from the best.

  • Over 21 thousand people have taken this course and you should too!

  • If you are not into design, Skillshare offers thousands of inspiring classes for creative

  • and curious people on topics including photography, video, freelancing, investing, and more.

  • Skillshare is an online learning community for creatives, where millions come together

  • to take the next step in their creative journey.

  • And all that is for less than dollars a month with an annual subscription.

  • And here is a special offer for you!

  • You can access the course for free.

  • The first 1000 of you to click the link in the description will get a 2 month free trial

  • of Premium Membership.

  • Go ahead and master whatever skill you want.

  • By the way, you will be supporting the channel by signing out to Skillshare.

  • And now, let's get back to the video.

  • However, one habit is not enough.

  • Usually, people with high incomes have a number of habits that guide their lives to keep increasing

  • their income.

  • So the next habit which I had made part of my life since when I was a teenager is:

  • 2.

  • Start doing stuff without figuring everything out

  • When I got into real estate for the first, I literally knew nothing about the market.

  • I was a teenager and was trying to figure out what on earth am I trying to accomplish.

  • But I had a friend who was quite elder than me and was a real agent, after asking him

  • for a few tips, I got into it without knowing much.

  • To be honest, I made so many horrible mistakes that at that time, I thought that's the end

  • of my life.

  • I am not gonna hide this, I got into a lot of debt, but thankfully I managed it.

  • I am not saying you should get into debt, throw all of your savings into risky investments,

  • or quit your job, and do random things.

  • But you have to keep in mind that you are never going to be 100 percent ready for anything,

  • there will always be things you won't know.

  • And the best way to learn is just to start and figure everything on the way.

  • You have a business idea in your mind, spend a couple of hours a day building it.

  • If you realize that it works, then quit your job or drop out!

  • If it doesn't, brilliant!

  • Now you know that you don't have to wait for years to start something that doesn't work.

  • Don't be trapped in to a mindset where you keep postponing everything because of a lack

  • of knowledge.

  • Regardless of what you decide to do.

  • Every financially successful person follows a certain type of routine that works the best

  • for them.

  • 3.

  • Routine - consistency

  • Internet might lead you to believe that people who make a ton of money are lying on beaches

  • with a laptop and work an hour a day and spend the rest of their time enjoying life greatest

  • pleasures.

  • But that's not true even when it comes to people who can afford that and don't have

  • to work another day in their lives.

  • If you ask anyone who runs a business, manages a huge portfolio, does anything that brings

  • a lot of money about how they spend their days, they would almost always tell you that

  • they have a fixed routine that they religiously follow no mater what happens.

  • Because that's the only way to be hyper productive.

  • You want to keep doing something every single day until you get better than everyone and

  • that effort pays back enormously.

  • The moment you slip out or interrupt that routine, things might get messy, and you no

  • longer be making that kind of money.

  • And the problem with money is that its not a one time game, it's very rare when someone

  • makes so much money that they don't have to work another day for the rest of their lives.

  • Usually, as you make more money, your spending goes higher, and you realize that you need

  • to keep your routine.

  • It doesn't mean you have to wake up at 4 am every morning, you have to find what works

  • for you.

  • I personally wake up around 7 in the morning and I have a routine that I have been following

  • for 10 years already.

  • The next habit is

  • 4.

  • Patience

  • And it is underrated.

  • Every high income earner knows that you can't make money overnight.

  • Even if you have a huge capital, the perfect team and a brilliant idea, it is still going

  • to take you time to turn that brilliant idea into a profitable business.

  • So if you are not patience enough, you will be jumping from one venture to another.

  • Take the stock market where we talk a lot about here on the channel.

  • It often takes years if not decades to payback enormously and part of it because of compound

  • interest.

  • Not being patient also results in a loss of money.

  • There might be a cool asset, stock or an investment that have been grabbing the headlines recently.

  • Since everyone has jumped in to invest, you start feeling like you are missing out and

  • you invest at the top where the market crashes and you end up losing a fortune.

  • I am not hinting at any particular stock, it happens all the time, with every crises

  • and you have a lot of people losing most of their lives savings because they got excited

  • about a particular investment.

  • And lastly, there is one particular habit that might seem a bit rude but every successful

  • person I know or heard about has it.

  • Its just a fundamental part of anyones success.

  • 5.

  • Getting rid of unnecessarily responsibilities

  • Its the ability to say NO.

  • Don't be rude, sometimes you gotta do stuff you don't get paid directly but will help

  • you in the long run.

  • But overall people you always in one or another waste your time, by asking you to help them,

  • spend some time with them, go out with them.

  • And there is nothing wrong with that but Remember your time is the most valuable thing

  • you have.

  • littraly, there is nothing that should be more valuable to you than your time.

  • So if you want to raise your income, you have to spend more time on doing that, which means

  • you often have to say No to people.

  • If people come randomly ask you for money, would you give them?

  • Probably not!

  • Then why give them time if you can't afford it?

  • Here you go, these are the 5 fundamental habits of financially successful people.

  • If you are a high income earner, you probably have incorporated most of them into your life

  • and if you are not, then maybe you should start building these habits one by one and

  • slowly I hope you are going to achieve your financial goals.

  • Anyways, if you have enjoyed this video, make sure to give this video thumbs up.

  • And you are probably new around here, so if you have enjoyed the video, hit that subscribe

  • button and the bell besides, you will be notified when the next video will be up on the channel.

  • Thanks for watching and until next time.

If you invested 10K in Netflix back in 2002 when it went public?

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5 Uncommon Millionaire Habits That Changed My Life

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    Summer posted on 2020/09/16
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