Millionaire Skills Lecture Notes

Introduction

• Income and wealth reflect personal life.
• To be a millionaire, one must acquire millionaire skills.
• The speaker shares seven skills learned by age 18.

Skill 1: Stop Watching the News

• News adds unnecessary stress and distractions.
• Focus on personal goals instead of global issues.
• Change comes from wealth and audience, not news engagement.
• Trust in the news has diminished; it’s often biased.

Skill 2: Learn High-Income Skills

• High-income skills are key to financial success.
• Examples include online marketing, coding, content creation, and sales.
• Stacking multiple high-income skills increases earning potential.
• The speaker created a "money-making matrix" to evaluate business models.

Skill 3: Learn to Say No

• Essential for maintaining focus and discipline.
• Say no to distractions, social events, and additional commitments.
• Prioritize personal goals over societal expectations.

Skill 4: Travel, but Less

• Travel can be productive but needs to be managed wisely.
• Avoid excessive traveling; stability is crucial when starting out.
• Opt for locations that are affordable and conducive to work.
• Bali mentioned as a less productive travel destination due to distractions.

Skill 5: Start Investing Today

• Investing is critical for wealth accumulation and maintenance.
• Learn to grow your wealth and manage expenses.
• Different investment options: stocks, crypto, collectibles, etc.
• Develop an investing habit early, even with small amounts.

Skill 6: Get a Good Tailor

• Investing in tailoring can enhance appearance without excessive spending.
• Avoid wasting money on expensive designer brands.
• Tailoring can help create a polished look for less.

Skill 7: Learn to Use Credit Cards and Rewards

• Start using credit cards and loyalty programs early.
• It’s important to manage credit responsibly and pay on time.
• Benefits include upgrades, rewards, and savings on travel.

Conclusion

• Mastering these seven skills can lead to wealth accumulation and maintenance.
• Encourage viewers to share additional skills in the comments.