- [Young Kid] What are your five regrets
of becoming a millionaire?
- [Man] I want to start like an online business and stuff
but I just feel that like so many of the like 'Gurus'
are like fake.
- [Interviewer] Do you think that grades really matter?
- [Male Interviewer] Are there any good business advice
for a 16 year old?
- [Kid] My parents is kinda forcing me to go to college.
- [Young Boy] What are your thoughts on asteroid mining,
and making bases on asteroids?
- Oh dear, that's quite a loaded one, isn't it?
- [Young Man] What's the best like long-term investment
I can do as a teen?
- [Teenager] I'm 14 years old,
I was looking at some way,
where I could make some sort of easy income,
if you know what I mean?
(upbeat music)
- Hi, it's Mark.
So recently I launched a competition
on my Instagram for a 30 minute mentoring call with me.
Ultimately, the aim was to help you increase your wealth.
I was blown away, to say the least,
with the amount of people that entered.
I think it totaled around about 600.
I promised I'd select three winners
but that didn't seem enough.
So I've decided to open it up to everyone.
So today you guys will be asking me anything.
I've created a discord
and invited people on Instagram to join my discord.
It could be about starting a business,
help starting a side hustle, investing,
or maybe you just want to tell me a joke.
I'm up for anything, so let's do this.
So you're through to Mark with your question, fire away.
- [Young Kid] I just wanted to ask,
what are your fiver regrets of becoming a millionaire?
- One is I let out too many of my secrets
of what I wanted to do too early,
and someone stole my ideas.
I should have started investing a lot more money
a lot earlier.
I worked too hard, probably for 10 to 15 years.
And I lost my whole social network
because I was at work all the time.
Probably three things there.
Fire away.
- [Man] I want to start like an online business and stuff,
but, like on Shopify.
But I just feel that like so many of the like 'Gurus'
are like fake and they don't like say a lot of real things.
Is it true or not?
- How could you believe all those gurus are fake?
How could you possibly believe that?
Is it the fact that they're always leaning
against a Lamborghini they've borrowed from someone?
Or is-- - Yeah.
- Or a house they obviously don't own?
If someone's gonna help you out in business
the most important thing is they are actually in business.
I think one other thing,
as well, if someone's trying to sell you a course
straight away and they're not giving you content,
they're just selling you a course.
I think - That's true.
- That's pretty much, it's a red flag for me,
that's for sure.
And what should people do if they liked the videos?
- [Man] Smash that button.
- Smash that like button, and don't forget to ring the bell.
- [Man] That's brilliant.
- Fire away.
- [Interviewer] Do you think that grades really matter?
- It does depend what job you want to do.
I mean, if you wanna be a doctor
you've got to go to university,
and you've got to get the exam results,
because no one's gonna employ you to do a heart transplant
unless you're qualified to do it.
But, depending on what you decide to go into
doesn't necessarily mean
that you need qualifications to do it.
If you came to me for an interview
and you said to me, look I've got straight A's in this,
I've got a C in this and a B in this.
It'll give me an idea of what you're interested in
and your learning capabilities.
Wouldn't necessarily mean
that you've gotta have the specific exam results.
Fire away.
- [Male Teenager] Who do you think is the best lightsaber
duelist, of all time?
- Darth Maul is pretty good with a lightsaber.
- [Male Teenager] Yeah, he's pretty good.
- He is pretty good, isn't he?
Fire away.
- [Male Interviewer] Are there any good business advice
for a 16 year old?
- The world is your oyster.
Don't let people tell you the economy's rubbish.
Don't let 'em tell you we're in recession.
Well, we might be in recession.
It doesn't matter.
The one good thing about recession
is recession's always followed by growth.
Ignore it to a certain degree.
You've got time to be able to jump around
so many different businesses,
meet so many different people,
you don't have to stay in one place.
Just pile up a little bit of money as you go,
but learn as you go, and that's gotta be the main thing.
At some point they'll all come in very handy.
Fire away.
- [Kid] So currently I'm doing my last year in high school.
Just recently launched my business
and I already have few clients.
My parents, especially my dad,
is kinda forcing me to go to college.
He's telling me that even if I don't need the college degree
in life, he would like me to get this
just for the social status.
- Well, I can fully understand that,
I'm a parent myself, and parents are proud of their kids.
As long as you don't get into debt by going to college
and you keep all your costs under control,
you can keep your business running.
You know, you can take the subjects you want.
So if you wanna keep those subjects to a minimum,
then that would probably be my advice.
Try and look at what's gonna help you out
and gonna help you in the future.
It doesn't hurt to have some exams behind you
because if things do fall foul and go wrong,
you might want to go into other areas.
- [Kid] I'm really scared
because college really is very expensive nowadays.
- If your parents want you to go,
I guess they need to pay you a way, don't they?
Give them that answer, you know?
You gonna pay for my way,
if not, okay then I've got to make my own decisions here.
Fire away.
- [Boy] What's the best advice you can give me here
to create a future
advanced aircraft/aerospace manufacturing company?
- Oh dear, that's quite a loaded one, isn't it?
I'd say certainly, from an early age,
just learn as much as you can.
There's lots and lots of apprenticeships
and things available within the aviation industries.
- [Boy] our thoughts on asteroid mining
and making bases on asteroids?
- Well at some point it's gonna happen, isn't it?
That's without a doubt.
Now whether or not that's gonna happen in the next 50 years,
100 years, I don't know.
But if you watch on Netflix there's a series called Mars.
Very, very good.
And it actually gels 2020 all the way, through to 2030 plus
on how mining on Mars and things like that will take place.
Fire away.
- [Young Man] I'm wondering what's the best investment,
like long-term investment I can do as a teen?
- If you're gonna actually physically invest,
and invest in stock,
you're gonna need to get your parents to open an account
for you, which isn't necessarily a problem.
I would invest in index funds
because the cost is spread.
Do look long-term.
Don't just look every week at your investments
and go, oh, they've gone up, oh, they've gone down.
The first 100 pounds you put by,
the hardest 100 pounds that you can save.
Once you've done 100 pounds, it's not that difficult, is it?
You think, oh I've done that.
I wonder if I can get to 500.
It just becomes a habit,
you actually want to get to the next level.
So if you get into that mindset
of enjoying the investing and enjoying looking forward,
once you get these habits ingrained
they're very hard to break.
If that's $50 a month, $100 a month
or whatever the amount is you choose,
it's gotta go in there every single month.
When you can afford to up it a little bit,
you up it a little bit and just keep investing.
The sooner you start, the sooner your compound interest
will start amazing use, or build up a massive fund
so that you can start when you are 18.
Fire away.
- [Girl] Is there any like habits or like tips
which I should start doing now,
which would like get me above everyone else?
- You gotta read, read as much as you can.
I mean, you know, you can't believe it,
people's lifetime of knowledge is in one little book,
and it takes you a week to read it.
I mean, that's nuts, isn't it?
Even if you don't fully understand it, read it again.
You know, you're ahead of your competition
if you understand some of what's going on.
Meditate a little bit,
you know, sit back and think about where you wanna be.
You know, every day, at some point,
I don't sort of call it meditation, really.
I sit back in my chair and I think
you know, where are we going,
what ideas have I got,
what's floating around here,
and trying to make a little bit of sense of it.
Most people don't really want you to succeed.
They wanna keep you where they are.
They're very comfortable.
Thank you very much.
Don't want you to have any more than I.
What you wanna do is get up to these people,
enjoy a bit more in life.
And then you can also do the same thing.
Fire away.
- [Adult Male] Who is your mentor?
- My mentor, unfortunately, left this earth
around about 13 to 15 years ago.
I'd have to say that I didn't even know he was my mentor,
that's how good he was.
He would give me snippets of information.
He would know my route before I did.
And you know, that's the best thing.
If a mentor's not taking money off you
just like that, every five minutes,
then you know, he is the proper real deal.
Seems to me that a lot of people are lacking that.
I mean, I took that for granted
because from, I don't know, 14, 15,
he was around, always around.
And I had that information coming my way.
I didn't have it from my family,
because they're the hardworking family
but they're not business minded.
I would say Richard Branson is certainly a bit of an idol.
I got to meet him a few years ago.
He made me, how about this, he made me lunch.
He made me spaghetti bolognese.
And I sat down, had a really good conversation
with him and his son.
Absolutely fantastic.
They say, don't meet you heroes,
I'll tell you what my ones have been fantastic.
Couldn't have been better.
- [Teenager] I'm 14 years old,
my interests are sports, computers.
I was looking at some way
where I could make some sort of easy income,
if you know what I mean?
- Easy income's always a hard thing to come across,
because no one wants to give you their money.
You've gotta work out what your niches are.
Digital marking's just shouting out at me
from what you're saying there.
You've gotta reach out
to whoever you feel you can be of benefit to.
And you can offer that for free as well.
And just say, look, I think I can improve
your digital marketer.
I'm interested in your products,
I'm interested in what you do,
I've looked at your social media,
there's not a lot going on there, and you're missing out.
How would you like me to help you for four weeks?
You know, you might think I'm young,
but I've got all the ability
and I can do this for you. - Yep.
- If you've proved that after a month
they don't want you to withdrawal that.
That's the point that you can go in and say,
look I need to learn now from this.
Can we sit down and have a chat?
So I've got another video for you.
I'm gonna leave it right there, but don't hit it just yet.
If you enjoyed the last video
don't forget to give it the big old thumbs up,
smash that like button and ring that bell.
You can go for it now and I'll see you on the other side.