Seven Principles for Teenagers and Young Adults to Become Millionaires

Introduction

• Speaker made first million at 18 years old.
• Emphasizes that achieving this is not normal and credits it to luck and timing.
• Goal: Share seven principles to help teenagers and young adults become millionaires.

Principle 1: Be a Pawn Before You Become a King

• Respect the process and earn your stripes.
• Importance of listening to elders and learning from experiences.
• Young people often want to skip steps; success requires hard work and patience.

Principle 2: Dress to Elevate

• First impressions matter; young people may be discredited due to age.
• Dress appropriately to command respect (classic, timeless clothing over flashy labels).
• Suggestions for dressing:
  • Simple black/white t-shirt with smart blazer
  • Trousers that fit well, avoiding baggy or skinny styles
• Aim to look older and more professional.

Principle 3: Have Something External That Humble You

• Engage in activities like combat sports or business to understand your limits.
• Personal anecdote of facing challenges at 17 with employee quitting.
• Importance of humility to avoid becoming arrogant.

Principle 4: No Casual Dating

• Focus on serious relationships or none at all.
• Emphasizes the importance of building oneself up in youth.
• Suggests that meaningful relationships can be of great value.

Principle 5: Keep Your Circle Small but Your Influence Large

• Maintain a few true friends while having a wide network of acquaintances.
• Importance of loyalty and surrounding oneself with good people.
• Avoid burning bridges; be polite and courteous.

Principle 6: God Will Test Your Ability to Handle Success

• Success at a young age comes with pressure to maintain it.
• The need for external factors to keep humility in check.
• Be prepared for challenges that come after initial success.

Principle 7: Invest Early and Wisely

• When making money at a young age, invest it quickly to protect it from impulsive spending.
• Suggestions for investment:
  • Real estate
  • Physical gold
• Avoid liquid investments like stocks or crypto initially, as young individuals may be their own worst enemies.

Conclusion

• Achieving financial success as a young person is possible through these principles.
• Encouragement to follow the Instagram account for more business advice and Q&A sessions.
• Reminder of the importance of timing and approach in achieving wealth.