You often hear that in order to become rich you must develop assets that will
pay you over time this could be in the form of digital assets like a website or
tangible ones like a rental property and well both of these things can contribute
to your financial success there are three assets that will make or break
your financial future and in this video I will share with you three assets that
are key to financial success and if you're new to the channel then hit the
subscribe button below for more life-changing content about a decade ago
I began to develop an affinity for books in particular I couldn't get enough when
it came to self-help books because as early as my teenage years I knew that
one day I wanted to be successful over the years I have read more books than I
can count and one thing that I have come to realize is that the books I feel I
get the most out of are not the technical books but the philosophical
ones sure I have read books on real estate investing where I learned how to
negotiate housing prices and optimize your contracts with tenants but these
types of books pale in comparison to the information and benefit I got from books
that opened my eyes to success from a broader perspective for instance one of
the most profound lessons I learned through my readings was the power of
focus in the book the one thing by Gary Keller I learned that you were able to
succeed quicker and in a much greater magnitude if you focus all your
attention on one thing rather than dividing your focus on a plethora of
different activities this lesson and many more were all gems that came from
being a voracious reader and often I would share these lessons with my
friends only to realize that they didn't share the same zest for learning as I
did in fact the sad reality is that once people graduate from their formal
education they're learning as a whole tapers off which hinders their ability
to enrich their lives with all the great information that exists in books courses
and even platforms like YouTube and by limiting their intake of good
information they are missing out on all the real pieces of advice that can
change your life forever I find myself fortunate that I have an
affinity for learning and through this learning I have come to realize that
there are three assets that must be cultivated to achieve financial success
and they are the following asset number one your mind when I was a kid I hated
in fact very recently I was talking with my dad and he admitted that he was
surprised at how much education I ended up getting given that in the beginning I
had an aversion to the classroom now if you asked my dad he will give you the
same advice that most people in his generation preach that a degree is a
pathway to financial stability and quite frankly he's not wrong using my formal
education I have been able to secure jobs at very high profile organizations
but unfortunately that's all the degree will ever give you financial stability
sadly it was only after I had invested tens of thousands of dollars into my
education that I started questioning what the true merit of school really was
and if my 7 plus years in college were worth it you see school does itself a
disservice because it makes you perceive learning as a boring and tedious chore
this is why young people hate education school makes people focus on a nearly
useless piece of paper called a degree instead of them focusing on learning
school makes you sit down for four years to learn in theory what you can go to
learn in the real world in six months moreover it makes students care more
about the grades they need to graduate than the knowledge that will actually
help them succeed in the working world earlier in this video I talked about how
a lot of my friends locked the passion for learning that I have and quite
frankly I can't blame them given how school squanders many people's thirst
for learning don't believe me ask 10 people who have graduated from college
in the last 10 years and ask them how many books they have read conferences
they have attended or courses they have completed since finishing their formal
education because there is no degree or certificate attached to these activities
they don't want to invest the time and energy into them but if you genuinely
want to be successful in life you should spend as much time as you can investing
in your mind and then applying what you've learned the best part is that
unlike school much of this self education is free you can take books out
of the library set up conversations with mentors and start watching educational
videos on YouTube with costs not being an issue there is no reason that you can
start to cultivate your knowledge today in fact let me kick start this journey
by sharing with you a free audiobook from audible.com
in my own life is the one thing bike Gary Keller and you can get the
audiobook yourself for free today by signing up for a 30 day free trial with
audible using the link I've left in the description then if that book isn't
enough for just $15 a month you can sign up for a full membership and continue to
fill your mind with knowledge asset number two your relationships I've said
it before and I'll say it again you are the average of the five people you spend
the most time with this saying from my personal experience is true and should
be taken seriously if you want to achieve the success in life you desire
you see years ago I was not that selective in who I spent my time with
that meant that I would spend time with those that added a ton of value to my
life and others didn't and as the demands for my time in life became more
expansive and my aspirations in life changed I knew that I needed to be more
selective and who I shared my time with for instance when I was in the process
of getting my CPA designation I spent a lot more time with my classmates who
helped support me in my studies and a lot less time with those who didn't the
same situation happened again a few years ago when I was starting my youtube
channel slowly but surely I started to spend
less time with my friends who would just sit around and gossip and spent more
time with creators that I could share my ideas with and learn from when I look
back at my life today I can say without a doubt that I would never have been
successful if not for the kind of people I associated with my academic and
business journey up until today has been full of successes and failures and the
only reason I was able to persevere was because I had quality people around me
it could be the friend who guided me towards a certain book or course or a
mentor who gave me advice on taking one job offer over another what you need to
realize is that your success in business and in life in general cannot be
attributed to one single person your success is the combination of advice
support and care from those around you which is why you need to appreciate and
cultivate this asset if you want to be rich and this effort needs to be
deliberate for myself personally I keep a list of individuals I must stay in
contact with and then reach out to them on a regular basis set up calls or
meetups so that these great people continue to stay in my life like
investing in your knowledge building relationships takes time and effort but
the rewards will be great if you stick with it asset number three your
aspirations one of the most treasured things that each one of us possess are
our dreams and aspirations some people dream of owning a massive home and a
fancy sports car and others want to travel the world and see all that planet
Earth has to offer whatever your goal may be the important thing is that you
remain steadfast in your pursuit of this end result no matter what unfortunately
this is easier said than done many people have enormous dreams but
they struggle to find the willpower and determination to get started the issue
is that they look at their end result and see one of two things
a long path that seems nearly insurmountable or no path at all no both
these scenarios present issues and are why many people fail to start the
journey to achieving their lifelong dreams you see when you have a long path
to venture such as building up a large YouTube channel you may have a decent
idea of what activities you must undertake to be successful of course you
have to determine what the channel will be about then determine how you will
script and shoot your content essentially you already know the steps
that it will take to get you from where you are today to where you want to be
however in the second circumstance things are different not having a
predefined path to your goal can not only be frustrating but debilitating as
well for instance if you have the goal of traveling the world there are a ton
of different unanswered questions that you need to address how will you get the
time off work how will you finance your endeavor or who will you travel with
these roadblocks are just a few questions that must be answered in this
particular situation but they can be enough to stop you in your tracks and
hinder your ability to realize your dreams unfortunately for most people
there simply is no time to waste when trying to achieve these goals
I say waste because the achievement of goals is not a linear path throughout
your journey you will face all kinds of failures and adversity you'll make
mistakes lose money get rejected and go through a rollercoaster of emotions
which is why the best time to start working towards your goals is now and my
path to success is no different when I first started trying to build an online
business I faced a lot of failure in first
at the time dropshipping was very popular and every time I was watching
YouTube I was being recommended videos that people making tens of thousands of
dollars a month selling products online with next to no effort who wouldn't want
to earn five figures a month with ease right well I certainly did and so I
watched a few drop shipping videos set up a website and waited for the orders
to start rolling in at this point I figured I was just a short time away
from making more money than I had ever earned before but after the first month
I hadn't made a single sale quite honestly after not seeing progress in
those initial months I started to get discouraged it seems like people online
were making money effortlessly while I was struggling to get people to even
visit my website after her second month without a single sale I got back on
YouTube and started watching more dropshipping videos however as I was
watching trying desperately to figure out why I was struggling to make sales a
video about making money selling books on Amazon caught my eye before I knew it
I had watched five videos on how to flip books on Amazon for a profit that next
weekend I was at the bookstore scanning hundreds of books that I could
potentially flip for a profit needless to say this whole paths led me to
finally choosing to start a YouTube channel which I have made my primary
focus for the last three years well I have realized noticeable success through
this platform I wouldn't appreciate what I've achieved
so far if I hadn't it faced these challenges in the past therefore if you
want to achieve your aspirations don't wait another second and enjoy the
process towards your future rich lifestyle thanks for watching if you
want to go from the life you have to the life you deserve then hit the subscribe
button now