The Blueprint to Financial Success for Broke Students
Discover the guaranteed path to becoming a self-made millionaire as a broke student. Prioritize learning, gain experience in a growing company, then start your own business.
00:00:00 Learn the guaranteed way to make your first million in 5-10 years as a broke student. Timeless principles applied in a modern world.
💼 There is a guaranteed way for broke students to make their first million in the next five to ten years.
⏳ Times have changed and business principles remain timeless, but the timeline to become a millionaire has shortened to five to ten years.
💡 To achieve this, students can either bring significant value to a company as an employee or negotiate for adequate compensation.
00:01:55 Learn and gain experience working in a fast-growing company for a few years, then start your own business and succeed. Prioritize learning as a student. Avoid rushing to become a millionaire.
💼 Working in a fast-growing company and gaining experience before starting your own business can lead to success.
🎓 Prioritizing learning over earning in the early years as a student or young professional.
🚀 Many people are rushing to become millionaires, but it's important to understand the underlying reasons behind this desire.
00:03:50 Why becoming a millionaire at a young age is not as impressive as it seems and why it's important to focus on long-term success rather than luck.
💰 Making money at a young age does not impress people or attract girls.
⏰ Teenagers should focus on building a solid foundation rather than trying to become millionaires quickly.
🔒 Making a lot of money through luck, such as with crypto, can have negative consequences.
00:05:38 Learn the best time to make money, the trajectory for success when you're young, and why internships may not be the best option for learning.
💰 Making money at a young age is best between 25 to 30, based on the speaker's experience.
📚 Apprenticeships are more beneficial for learning compared to internships in big companies.
🧠 Entrepreneurship and having multiple businesses are strategies for financial success.
00:07:21 A youth should prioritize learning over earnings when considering their next career move. An apprenticeship offers more guidance and skill development compared to an internship. Gaining valuable skills early on can serve as a foundation to launch one's own business in the future.
🔑 Being an apprentice and learning a craft is valuable for young individuals.
💼 Instead of focusing on earnings, emphasize the importance of learning skills in early career moves.
🚀 Use the skills and experience gained to launch your own business or explore different industries.
00:09:14 Learn insider knowledge by investing in education or associating with the right company. Work ethic and finding the right training are key to success.
🎓 Investing in education or getting a mentor is the best way to gain insider knowledge.
💼 If you can't afford education, associate yourself with a company that invests in your training.
⏰ Learning work ethic and time management is essential for success.
00:11:06 Learn the importance of investing in yourself, gaining insider knowledge, and the value of apprenticeships for young people in the business world.
💰 Investment in training and learning specific skills is essential for career growth.
📚 Companies should be willing to invest in their employees' development, such as providing resources like books.
🔐 Insider knowledge and experience are crucial for long-term success in any industry.
00:12:55 Advice for broke students: start your own business or venture. I'm here to support you in your journey.
💼 Starting your own business or venture is a key step for broke students.
👀 It is important to have someone support and encourage you from a distance.
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