- [Mitch] What if I told you there was four habits
that could actually make you a millionaire?
And no, they aren't a cliche things like to work hard
or to be disciplined.
What if they were habits then almost no one talked about
because they are normally guarded and kept a secret
by the ultra rich?
Well, I'm going to tell you what these four habits are
by telling you the true story of how I personally
pretty much stole $7,000 from a man who makes
$4 million a year.
About seven months ago, I started a consulting business
where I began helping coaches grow their own
YouTube channels.
And this was a very easy sell for me
because of Mitch Manly was one of the fastest growing
self-help brands in the world.
And my clients very quickly started to get amazing results.
There is this one anxiety coach who went from making
under $5,000 every single month to making $65,000 per month
in profit in just three months of my coaching.
And there was another coach who was a business coach
and he made $30,000 in his first five days
of joining my program.
Things were going really, really well for me
and I was feeling amazing,
but I eventually came across this one coach who told me that
he was making $4 million a year from his coaching business.
And now he basically wanted to get famous on YouTube.
So, he signed up for the program and we began
working together.
And because this was pretty much a one-on-one mentorship
with me personally, him and I would talk a lot on the phone.
So naturally I began to ask him questions
about how to become a millionaire
and how to get really, really rich,
because it's not every day that you get to speak one on one
with a guy who makes $4 million a year.
And one of the first habits that he told me
that I needed to understand in order to become a millionaire
is that I needed to understand something
called self sabotage,
which refers to the behaviors or the thought patterns
that hold people back from getting the things
that they want in life.
So, for example, most people think that they want to become
a millionaire, but the reality is,
is that most people are scared to become a millionaire
and subconsciously they will always revert back
to their comfort zone,
which could be making $2,000 per month or $5,000
every single month.
Each and every one of us has an internal thermostat
and any time you go above a certain amount of money,
every single month, you will stop working,
you all start buying stupid things and you will start
getting lazy, but any time you go below a certain number,
you will start working really,
really hard and you'll save money and you'll stop buying
Starbucks coffee.
So the first habit that I learned is understanding
what self sabotage is,
and then learning how to kill that internal thermostat.
Later on in that same conversation,
I asked him where he learned about this stuff,
because self-sabotage was something that
I kind of had heard of, but no one had ever said to me,
Mitch, if you want to become a millionaire,
you need to understand this.
And he told me that he learned this from his mindset coach.
And I remember when he said that, I thought to myself,
really, a mindset coach, is a mindset coach really necessary
to become a millionaire?
Because whenever I heard stuff like mindset coach
or life coach, I always rolled my eyes
and I thought it was kind of dumb almost,
or almost a little bit cliche in a way.
But then he said to me, Mitch,
there is not a single millionaire
that I know who didn't at least at some point
have a mindset coach.
And then he went on to tell me about these amazing athletes
and how they all have mindset coaches.
And he told me, Mike Tyson,
who was the youngest heavyweight boxing champion
in the entire world.
He had a mindset coach at the young age of 13 years old
or Conor McGregor, who was the biggest MMA fighter
in the world.
And his mindset coach is Tony Robbins,
who is a world renowned personal development coach
or Tyson Fury who is currently the undefeated heavyweight
boxing champion in the entire world
and when he was asked how important is mindset,
he said this, "You would say though that mindset
is like everything, everything."
And then there's people like Kobe Bryant and Michael Jordan
and Steve Jobs and all of these people have preached
about how important mindset is
and how it's so foundational for success.
After this phone call,
I began to research more and more about how the brain
worked and I started to understand that our beliefs
and thoughts truly do shape the way we interact
with the world.
Because if you have a bright, positive mindset,
you will look for opportunities and you will seize
those opportunities.
However, if you have a negative mindset and you're always
pessimistic, you will never see those opportunities
and you certainly will never seize them.
After we got to know each other more and more, I said,
brother, I gotta ask this, how can you make $4 million
a year while you're only working a couple hours per day?
Because this guy is only working like five to six hours
every single day and he's making $4 million
every single year.
And I asked him, does it making that much money
require endless hours of work and sacrifice?
And this is what he said, Mitch,
not at all, hard work does not equal success,
because if it did equal success,
then you would see every construction worker, every teacher,
every office worker, every garbage man, every post man,
they all would be rich because they all work harder than me.
But the difference between me and them is that I chose
to learn a high value skill that people
are willing to pay for.
And I got great mentors to show me how to monetize
that high value skill.
I said to him, okay, I understand what you're saying,
but for some reason, this doesn't really feel fair to me.
How can all of these people who are working so hard
make only $50,000 every single year.
And here you are working a few hours per day
and you're making $50,000 every couple of days.
And his response really stuck with me, he said, Mitch,
this is just how life is, I don't make the rules,
to this wacky game that we call life,
I'm just doing my very best to make the most
out of this game that you and I are both a part of,
whether we like it or not.
And the reason why this answer really stuck with me
is because he was right.
You do need to learn some kind of high value skill
if you wanna make a bunch of money.
Life isn't always fair
and you do need to put in some upfront work
to learn a high value skill.
So, those two habits really stuck with me,
one, being get a high value skill in order to become rich
and two, is understanding and acknowledging that life
is not always quote unquote fair.
This was the last conversation that we had with each other
because I charged him $7,000 for my YouTube program.
But because he was making so much money,
it wasn't a big enough investment for him
to actually take it seriously.
So, he stopped messaging me and he stopped replying
to my messages.
He literally gave me $7,000 for doing pretty much nothing
and believe me, it felt like I actually stole it from him,
but him giving up on the YouTube channel taught me the most
important habit,
which is you have to be financially invested in your own
goals and your own success, because if you're not invested,
then you won't ever do the hard work and you won't ever take
things seriously.
A question that I get asked all the time is Mitch,
how do you make your money online?
How can you afford to go to nice places and travel
all over the world?
Because I was making money online well before I started
making YouTube videos.
The way that I've made my money online
is by being a freelance consultant, but in the past a year,
I actually started my own consulting business
where I've been helping people grow
their own YouTube channels.
And right now, as of recording this video,
it's June 3rd and I've already made $20,000 this month.
So it's going really well and it's really, really lucrative.
So what I'm thinking of doing is starting
another YouTube channel where I teach people how to start
and grow their own online coaching business,
because I really do believe it's the easiest
and most fulfilling way to actually make money online.
But I don't want to start this channel unless you guys
really want me to do it, okay?
So if you are someone and you want to break free
of the nine to five hamster wheel
and you want to create your own online coaching business,
where you can travel the world to have fun,
go ahead and subscribe to my other YouTube channel
called the Mitch Wiggins.
And this channel will be linked in the description box
of this video here.
And if this channel gets a lot of followers,
let's say between 20 to 30,000 or so,
then I'll start making videos outlining exactly how to start
your own online coaching business.
Because what I've been able to do in the past few months
has been unbelievable.
But if you're not interested, that's totally fine by me,
I just want to serve you guys the best way that I can.
Thanks for watching, I really do appreciate it.
And hey, I'll see you soon.
(upbeat music)