7 Principles for Teenagers and People in their Early 20s to Become Millionaires

Introduction

Many young people today aspire to achieve great success at an early age. In this video, I will share with you the seven principles that helped me become a millionaire by the age of 18. While my success may not be the norm, following these principles has allowed me to amass a net worth of tens of millions of dollars by the age of 23. I want to emphasize that luck and timing have played a significant role in my journey, but these principles have been crucial as well. So, let's dive into these principles and discover how you can pave your path to success.

Principle 1: Be a Pawn Before Becoming a King

In order to be a king, you must first be a pawn. This principle emphasizes the importance of starting from the bottom and earning your way up. I grew up with traditional values that taught me to respect my elders and understand the pecking order. Even now, I sit across the table from individuals less successful than me and listen attentively. While you don't have to accept everything they say, it's crucial to show respect and learn from those with more experience. I started my entrepreneurial ventures at the age of 14, working with clients and learning to pay my dues. Just like joining a football team, you start as a ball boy and work your way up to become the captain. It's vital to understand that success doesn't happen overnight. You must earn your stripes and respect the process to become a king.

Principle 2: Dress to Elevate

As a young person, people might automatically discredit you based on your age. Don't give them any more reason to do so by dressing inappropriately. While there's nothing wrong with streetwear, it's essential to dress more traditionally and elegantly, especially in important meetings. Avoid spending excessive amounts of money on branded clothing and opt for classic, timeless pieces without visible labels. A simple black or white t-shirt, well-fitted trousers, and smart shoes can give you a classic, mature look. Remember, less is more, and dressing appropriately will help you make a good impression and overcome age-related biases.

Principle 3: Embrace Humbling Experiences

Having humbling experiences is crucial for personal growth and success. Engage in activities like combat sports or venture into business, where the market will test your abilities. These external factors will show you the reality of your skills and capabilities. I experienced this firsthand when my first employee quit within days of joining my company. It was a humbling experience that made me realize the importance of being an inspiring leader. Embracing challenges and learning from failures will help you become a stronger individual and navigate the path to success effectively.

Principle 4: Choose Serious Relationships over Casual Dating

If you're a teenager or in your early twenties, it's important to focus on serious relationships rather than casual dating. Building something substantial requires dedication and focus. Don't waste your best years trying to navigate a complex and brutal dating culture. Either commit to a serious relationship where your partner supports your goals, or avoid casual dating altogether. Building your future should be the priority during this phase of your life. Remember, you have plenty of time ahead to have fun and enjoy your success once you've achieved your goals.

Principle 5: Maintain a Small Circle with a Large Influence

The people you surround yourself with play a significant role in your success. Keep your circle of close friends small but aim for a large circle of influence. It's essential to have many acquaintances, but true friends should be few. Differentiate between acquaintances and friends based on loyalty and genuine connections. While many people may know you, only a select few should have the honor of being your closest allies. Your influence should extend beyond your immediate circle, but choose your inner circle wisely.

Principle 6: God Will Test You

If you believe in a higher power, understand that it will test your abilities. Becoming successful at a young age is impressive, but maintaining that success and multiplying it is a different challenge altogether. God will see if you can handle the responsibility and if you can remain humble. It's essential to have external factors like business or martial arts that continually humble you. If you don't humble yourself, life will humble you in the most unexpected and sometimes brutal ways. Stay grounded, remain humble, and continue to prove yourself as you progress on your journey.

Principle 7: Invest Early and Wisely

If you make money at a young age, invest it as soon as possible. Look for opportunities to invest in assets like property or physical gold. Avoid investments that are too liquid, such as crypto or stocks, as they can easily tempt you to spend the money. Investing in less liquid assets will help you secure your wealth and prevent impulsive spending. Making smart investment choices early on will set you up for long-term financial success.

Conclusion

As a young person with ambitious goals, it's important to follow these principles to pave your path to success. Remember that success takes time and effort. Don't rush the process and be willing to start from the bottom. Dress in a way that commands respect and avoid casual dating distractions. Surround yourself with a small circle of loyal friends while extending your influence to a larger circle. Embrace humbling experiences and learn from failures. Understand that God will test you and be prepared to handle the challenges that come your way. Finally, invest your money wisely and secure your financial future. By following these principles, you can increase your chances ofbecoming a millionaire in your teens or early twenties. Good luck on your journey to success!