The average American man with a bachelor's degree will earn about
2.2 million dollars in his lifetime. Which is a lot of money, but Bezos makes that in under just
15 minutes, which is mind-blowing. He makes an estimated 149,353
dollars every minute. By the end of this video, Bezos is going to make more money
than you would in your entire life. I know that these numbers can damage
your self-esteem because making that kind of numbers seems impossible.
Forbes estimates his net worth much bigger than the entire British royal family.
It's a living proof that you can get wealthier than even royal families if you have the right
mindset and the skills. So here in this video,
we are going to take a look at 7 skills that you need to start building wealth.
Without mastering these skills, you will not go far, especially financially,
so if you want to get out of that dark financial position that you are in, listen carefully because
you are about to find out the skills that will help you to become financially free.
They may not directly earn you more money, like copywriting, coding or marketing but in many ways,
they are far more important, and I would go as far as to say, without them, you will achieve nothing.
But what's far more important is giving this video a thumbs up because there is no other way to let
YouTube know that this video is great other than interacting with it which means, giving
a thumbs up and commenting. It doesn't matter what you comment. Just go down to the comment
section and type whatever you want and let's see is that's going to help this video get promoted.
persuasive skills
Take a look at any businesses. You will realize that all they do is sell,
sometimes it's a service or a product, and quite often, the product is not even produced by them.
But they know how to sell it. If you are a good salesman, you will
never be poor because in the world of capitalism. Think for a moment. Let's say you have great
selling skills. All that is left for you to do is to pick a product,
and it's a matter of time before you sell enough to be drawn in a pile of cash.
There is a reason why people buy from one person and ignore the other. There
is a reason why people prefer to buy one company, not from thousands of others.
And if you are serious about building real wealth, you cant simply skip this skill.
Because without it you can't go far. Selling doesn't necessarily mean
selling a product. You might need to sell yourself or your team to get that investment.
When you are in a job interview, you are trying to sell yourself to get that position. And the
better persuasive skills you have, the higher the salary you will be able to negotiate.
The best way to pomp up your persuasive skills is to become a salesman just to learn these
skills. Every day you will be talking to dozens of people trying to sell them something. And it
will be only a matter of time before you will feel completely comfortable selling anything to anyone.
2. Playing Chess
If you know how to play Chess, then you understand the importance of strategy.
The goal isn't to get rid of your opponent's every soldier
but rather focus on his greatest weakness and trap him. As soon you get rid of his king, he is done.
Before making any move, you should be able to see at least a few steps ahead of you because
you do not win the game by a single move but rather a bunch of moves carefully planned ahead,
which is how you also build a business. The game of chess helps you to see the
bigger picture instead of just focusing on what's happening now. It helps to understand
that it is alright to lose small battles in the short run in order to win the game in the end.
Chess is about strategy, and without a strategy, you can't build wealth.
3. Patience
Do you know how most people lose money?
A stock or an asset suddenly starts rising for one reason or another. It's all over the news;
everyone talks about it. From the outside, it seems like one a lifetime opportunity, so you feel
like you are missing out. You don't want to sit aside and watch how everyone is making a fortune
while you are not, so you jump in but then suddenly the bubble bursts, the stock crashes,
and you lose your entire investment. Isn't that what happened with Gamestop, for example.
That's why you have to learn to be patient. Don't be driven by your emotions.
There is no quick way to get rich. Of course, there are opportunities that, time to time,
come and go that could earn you millions in a matter of a few years, but that's rare, and if
you want to take advantage of such opportunities, you have to spot them way before the public does.
I have seen a countless number of people who lost fortunes just because they weren't patient enough.
It's not an easy skill to master but if you do not master it, you are going to get back to your
dark financial position sooner or later, even if you win the lottery.
4. self-education
If there is one lesson
you will take out of this video, let it be this one. When you go to school, you are brainwashed
into thinking that's the place where you learn, you need someone to teach you something, and then
you have to go to college to learn something so that you can be a valuable member of society,
but what happens instead you memorize a bunch of useless facts that you, later on,
write down on a test, and then a few moments later you forget absolutely everything.
Here is what I hate the most about the school. Whenever I use to ask my teacher about the point
of learning, she would always reply, you will need it in the future,
it's important or something along those lines. But there was never a good reason to motivate
me to learn that, which is why I think the entire school system is broken.
The teacher has a way to teach, and she assumes that method works with everyone, which is not the
case. People are different!
Imagine if you go to school and you learn the things that will really help you in life.
Just a simple example of why you should never rely on traditional institutions for knowledge
is you never learn anything about stuff that matters, such as money,
relationships, social skills, and many more. So learning how to teach yourself is the
most important skill ever. You no longer need a degree or someone, especially since we have this
thing called the internet. You can turn on your computer and teach yourself whatever you want.
5. staying focus
Let me give you one of the best ways to get rich. This advice works with everyone and it has been
working since the day humans existed. Spend over 10K hours mastering a skill, a skill that is in
demand. Become great at it. In fact, be the best at it so that everyone comes to you for that.
Taxes are complicated,
for example, but everyone has to do their taxes from individuals to companies. Businesses are
willing to pay a fortune if you can help them to avoid paying some taxes, so if you become really
good at accounting and especially taxes, you can charge a huge amount of money in exchange
for financial advice. As long as there is a demand for that skill, you are going to make a fortune.
If you have a business,
would you pay an accountant 100K if he can save you 1 million dollars in taxes, for example.
I think yes! But the only way to master
any skill is to learn to stay focused. 6. Silence
When you are trying to impress people with words, the more you say, the more common you appear,
and the less in control. Even if you are saying something banal, it will seem original if you make
it vague, open-ended. Powerful people impress and intimidate by saying less. The more you say, the
more likely you are to say something foolish." If you have read the 48 laws of power,
you probably know the power of silence. To build a successful business, you need to be able to know
how to deal with people, and silence is a skill that very few have mastered. Your silence will
put people in a defensive situation and will make them say more and reveal about themselves
and their intentions more. By saying less than necessary, people will take your words
more seriously and will listen to them more carefully, hence making them more valuable.
7. Confidence
Yes, confidence is a skill.
Some people are naturally confident, but the vast majority of us have to learn it. Everything starts
with believing in yourself, in your abilities, in your desire to take risks, and you cannot
do that unless you are confident enough. Everyone is talented, but most people lack
the courage to take that step and start that business, or ask for a promotion
or say No to everything else in order to find the time to work on what truly matters.
I had a huge problem with confidence back when I was a kid, and as I started working on myself and
became more confident, everything has changed. By the way, I have made a short course on my journey
of how I developed confidence. The link will be in the description.
I hope you guys have enjoyed this video.
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hopefully help you achieve your financial goals. Thanks for watching and until next time.