– How to become a
millionaire step by step. Today I'm gonna teach you one
of the most profound concepts that I've learned in my
life that has helped me become a millionaire by the age of 27 and a multi-millionaire by the age of 30. Now you may not realize
this, but one of the most toxic concepts and one
of the most toxic ideas that you have been exposed to is this. That somehow if you make
money in a very short period of time, that somehow
if you make money quickly it is a bad idea. You've heard of the term, get rich quick.
Somehow in our society
that we believe if you make your money, if you build
wealth quickly it must be something shady, you must
be doing something illegal, it must be a scam, right? Get rich quick, ooh, that's a bad idea. When people say oh, is
this get rich quick, you better hope that it is. Because you don't have
time to get rich slow. Now what do I mean by that? Wealth is not just measured
by how much money you have, wealth is measured more in
time than in just money. Let's say you make $25,000 a year and let's say you work 40 years. How much money you've made? One million dollars. Now is one million dollars a lot of money? Absolutely, you've made a million dollars. The question is, are you rich? No. Why not? Because it took you 40 years
to accumulate a million dollars to make a million dollars.
Now let's look at a different scenario. Let's say you still
make a million dollars, but instead of taking
you 40 years you make that same million dollars within
12 months, within one year. Now, are you rich? Yes! Now you are a millionaire. What is the difference? It's the same one million dollars. The only difference is
the time that it takes for you to make it. And the cool thing is this,
when you make your money in a relatively short
period of time, guess what? Now you have more time to enjoy it. Instead of waiting for 65 years old then you may enjoy your
money for the like 10 years, why not enjoy it for 30, 40, 50, 60 years? That's the only difference.
That's why wealth is not measured
in how much money you make it's how fast you make that money. Now what if you make a
million dollars a month? Let's think bigger. A million dollars a month. The person who makes a
million dollars a month is 12 times richer than
the person who makes a million dollars a year. And he or she is richer than the person, 480 times richer than the
person who makes $25,000 for 40 years, that's the difference. And that's why rich people, we value time more than we value money. Poor people, they value money
more than they value time. And that's why if there's
something, you know, with my Bentley, an oil change
or I gotta go do something or fix the car, I'm not gonna do it, because it's not worth my time. My time is much more valuable. I have other activities that I could do that could bring in more money. Now you may be saying that
well, easy for you to say, you're Dan Lok. You've got money, of
course you could do that. That is not true.
You might be thinking 'cause
you are rich, that is not true. I got rich when I started valuing my time. Most people never get rich because they never value their time. So think about that. Do you wanna make it quick
or do you wanna make it slow? Do you have time to even make it slow? If you're serious about making it faster, not the traditional path, but
how do you make it faster? If you want to know how
millionaires, how we think, how we operate, how we do
business, how we do marketing, click on a link below right
there and find out how.
