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How To Become A Millionaire - The Truth No One Tells You - YouTube
Channel: Dan Lok
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how to become a millionaire step-by-step
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today I'm gonna teach you one of the
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most profound concepts that I've learned
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in my life that has helped me become a
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millionaire by the age of 27 and a
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multi-millionaire by the age of 30
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now you may not realize this but one of
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the most toxic concepts and one of the
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most toxic ideas that you've been
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exposed to is this that somehow if you
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make money in a very short period of
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time that's some how you make money
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quickly it is a bad idea you heard of
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the term get-rich-quick somehow in a
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society that we believe if you make your
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money if you build wealth quickly it
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must be something shady you must be
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doing something illegal it must be a
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scam right it get rich quick oh that's a
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bad idea when people say oh is this
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get-rich-quick you better hope that it
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is because you don't have time to get
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rich slow now what do I mean by that
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well it's not just measured by how much
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money you have wealth is measured more
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in time than in just money let's say you
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make twenty five thousand dollars a year
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and let's say you work 40 years how much
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money you've made 1 million dollars now
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it's 1 million dollars a lot of money
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absolutely you've made a million dollars
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the question is are you rich no why not
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because it took you 40 years to
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accumulate a million dollars to make a
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million dollars now let's look at a
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different scenario let's say you still
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make a million dollars but instead of
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taking you 40 years you make that same
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million dollars within twelve months
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within one year now are you rich yes you
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now you are a millionaire what is the
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difference it's the same 1 million
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dollars the only difference is the time
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that it takes for you to make it and the
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cool thing is this when you make your
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money in a relatively short period of
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time guess what now you have more time
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to enjoy instead of waiting for 65 years
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old then you
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enjoy your money for the like 10 years
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wanna enjoy it for 30 40 50 60 years
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that's the only difference
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that's why wealth is not measured in how
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much money you make it's how fast you
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make that money now what if you make a
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million dollars a month less think
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bigger a million dollars a month the
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person who makes a million dollars a
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month it's 12 times richer than the
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person who makes a million dollars a
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year and he or she is richer than the
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person four hundred and eighty times
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richer than a person who makes twenty
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five thousand dollars for 40 years
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that's the difference and that's why
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rich people we value time more than we
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value money poor people they value money
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more than they value time and that's why
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if there's something we don't with my
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Bentley and oil change or I got to go do
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something or fix the car I'm not gonna
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do it because it's not worth my time my
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time it's much more valuable
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I have other activities that I could do
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that could bring in more money now you
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may be saying that while easy for you to
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say you're Dan Locke you've got money of
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course you could do that that is not
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true you might be thinking cuz you're
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rich that is not true I got rich when I
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started valuing my time most people
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never get rich because they never value
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their time so think about that do you
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want to make it quick or do you want to
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make it slow do you have time to even
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make it slow if you're serious about
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making it faster not the traditional
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path but how do you make it faster if
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you want to know how millionaires how we
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think how we operate how we do business
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how we do marketing click on a link
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below right there and find out how
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