5 Habits That Made Me A Millionaire by 21
Here is the blog article:
# **How to Become a Multi-Millionaire by 21: 5 Daily Habits**
Do you want to build an incredible life? It's not about what you do today, tomorrow, or the day after. It's a culmination of the daily habits you maintain for years. In this article, you will learn five daily habits that helped me become a multi-millionaire by the age of 21. If you implement these into your life, you are bound to achieve incredible things.
## **1. Set Daily Social Challenges** The first daily habit involves setting daily challenges to speak to new people. When I was 14 or 15, I challenged myself to give a compliment to one stranger every day while taking the public bus or the tube to school.
If you've ever been in London, you know the tube isn't a friendly place, especially in the morning. People don't look happy. Regardless of what you want to do in life, certain skills will always pay dividends. Being able to approach a random stranger and give them a compliment is one of those skills.
It doesn't matter if you're a real estate agent, have software companies, or are a YouTuber – these skills will pay dividends for the rest of your life. You'll be able to break the ice, network, and understand body language. I also used to force myself to approach three girls every day and simply say hello, without any pressure to get their number or anything else.
This consistent habit of rejection and failure helped me start my first business, an advertising agency. I ran that business for six years, and it made me my first few million dollars, which I then used to multiply my wealth and build other companies.
So, set a social challenge for yourself tomorrow. What's the worst that could happen if you compliment someone? People often walk around on eggshells, scared to interact or network. Remember, you miss 100% of the shots you don't take.
Here's a secret: I am naturally introverted. I get my energy from being alone. I can be gregarious and converse with people when needed, but that didn't come naturally. I was the shyest kid you'd ever meet. It was only through practicing these skills at 14, 15, and 16 that I came out of my shell and learned to build rapport.
If you're shy, the next time you're in an Uber, don't put in your headphones. Speak to the driver. Do this for a year or two until you feel confident engaging with anyone. This isn't about forcing yourself to be an extrovert to succeed. It's about building the muscle of interacting with people, which will be necessary no matter what you do in life.
## **2. Choose the Right Vehicle** The next daily habit is constantly choosing the right vehicle for where you are in life, based on your skill set and appetite. I believe I am where I am today because I didn't skip the process. I didn't try to jump from point A to point Z without going through the necessary checkpoints.
My first main business was a social media marketing agency at 16. For two years, we provided social media marketing services, which got me to around $30,000 a month. Then, I decided to pivot to an advertising agency. It took time and effort, but relatively quickly, I started hitting $100,000 a month in profit.
Around that time, I received many offers to start software companies, but I always said I wasn't ready as an entrepreneur. I didn't have the skills or the appetite for it. Even now, I get offers from venture capital firms who see my resources and audience and suggest I invest in businesses. I often reply that I don't have the appetite for that right now.
It's important to be wise and aware of where you are in your journey and pick the right vehicle for that stage. If you want to find the right vehicle for you this year, click the YouTube video I've linked in the description. It's my most popular video, where I create a money-making matrix comparing popular business models, outlining the pros and cons to help you understand what might work best for you.
I recommend certain business models that I no longer pursue because I'm in a different stage of life. I'm no longer looking at opportunities worth $100,000, $300,000, or even a few million dollars a year, unless the opportunity is worth tens or hundreds of millions.
I'm grateful that I've always been wise and understood when to press forward and when to hold back. A lot of it depends on how much ammunition you have. Currently, I am more powerful than ever, with more resources and a team of 150 employees to handle any problem. Three years ago, I didn't have that, so I stuck to easier business models.
Understand that you need to pick the right vehicle for the right phase of your life.
## **3. Create, Don't Consume** The next daily habit is creating rather than consuming. I've never been a big fan of watching football; I'd rather play it. Instead of scrolling through TikTok or YouTube, I prefer to create content myself. Whatever it is, focus on creating instead of consuming.
I've always been aware of what products or services I was using that brought me value and how I could eventually get to the point where I was creating that thing and profiting from it. Always focus on how you can create rather than consume in any area of your life.
## **4. Don't Put People on a Pedestal** The next habit is never putting people on a pedestal. This might be hard to implement, but you need to understand that even your biggest heroes, including me, are just like you. I am you, and you are me; we're no different.
Look at my old YouTube videos from 2015 or 2016 when I was just a kid. I was going to the gym every day, going to school, and doing protocols like squatting every day. I was committed to reading a book every week and meditating every day, all while being broke and having nothing to my name.
I was building myself, my character, and my discipline. Discipline is far more important than motivation. Don't put me on a pedestal. I'm simply you, seven years on. If you think you can never get to my level, go watch videos of me when I was 16 with acne, no resources, and nothing in my corner, except for discipline and a belief in a future vision.
If you have those two things, you're going to make it. Stop looking at this as something you can achieve by summer or in 90 days. Instead, think in five-year or ten-year terms. Commit to being better day by day for the next 5, 10, 15, or 20 years, and you'll be far ahead of the competition because most people aren't patient enough.
When you watch my videos, remember we're the same. Confidence comes from competence. When you're good at something because you've done it for so long, you'll naturally be confident. I walk through life and do these things because I've been through the ringer. To get here, you have to put one foot in front of the other, and you can't do that if you think there's something intrinsically different between us.
We all wake up, take dumps, get hungry, and have low and high moments. The only thing that separates us is time and discipline. If you can stay in the game long enough and be disciplined, you'll likely make my eight-year business journey look like nothing in comparison to what you'll accomplish.
Once you reach a certain point in life, with a team behind you, you gain a layer of protection. Losing becomes difficult. It's almost guaranteed you'll win. It's like being given $100 million – if you're not an idiot, all you have to do is not lose it. If you're given $500 million, invest it in low-risk assets and you'll succeed.
That's what life becomes like at a certain point. You have so many connections and the right people in your corner, which provides a safety net. The only difference between you and me is that I've been in the game longer. I stuck in the game long enough, was disciplined, and eventually built an army that believes in a vision. Once you do that, it's game over.
## **5. Think in Second Order Consequences** The last daily habit is thinking in second-order consequences. When I was younger, I played chess. When playing chess, you're always thinking of sixth or seventh-order consequences. You're thinking about the ripple effect of your next move, not just one or two moves ahead, but five moves ahead.
I carried that with me for the rest of my life because I always thought in second-order consequences. Most people think about buying a TV for $2,000 but don't think about the second-order consequence: you'll feel obliged to use it. Now, you have to spend time watching Netflix to feel like you got your money's worth.
There are many things in your life where you need to consider second-order consequences. Take TikTok, for example. Downloading it seems fine, but what are the second-order consequences? You might not be able to do other things you want in life.
If you're too needy with a girl and she rejects you, that's hurtful. The reason it's not good to be needy is not just because that one girl may reject you. It's because you no longer respect yourself. You no longer look at yourself in the mirror and see a man on a mission with drive, someone who won't let anyone knock them off their path.
It's not just about that one girl who rejects you; it's about embodying traits of someone who quadruple texts and is constantly on her case. The second-order consequences are that you feel shame and as though there's something fundamentally wrong with you.
Everywhere you look in life, you need to understand second-order consequences. To make my first million dollars, I didn't drink for three years. The first-order consequence might be avoiding a hangover, but the second-order consequence is that you make decisions in a clear state of mind. The third and fourth-order consequences of making decisions in an unhinged state can be even more catastrophic.
Understand this concept of second-order consequences and implement it every single day into your life. Take heed of these lessons, implement them, and remember that I'm watching from afar and rooting for you.
## **1. Set Daily Social Challenges** The first daily habit involves setting daily challenges to speak to new people. When I was 14 or 15, I challenged myself to give a compliment to one stranger every day while taking the public bus or the tube to school.
If you've ever been in London, you know the tube isn't a friendly place, especially in the morning. People don't look happy. Regardless of what you want to do in life, certain skills will always pay dividends. Being able to approach a random stranger and give them a compliment is one of those skills.
It doesn't matter if you're a real estate agent, have software companies, or are a YouTuber – these skills will pay dividends for the rest of your life. You'll be able to break the ice, network, and understand body language. I also used to force myself to approach three girls every day and simply say hello, without any pressure to get their number or anything else.
This consistent habit of rejection and failure helped me start my first business, an advertising agency. I ran that business for six years, and it made me my first few million dollars, which I then used to multiply my wealth and build other companies.
So, set a social challenge for yourself tomorrow. What's the worst that could happen if you compliment someone? People often walk around on eggshells, scared to interact or network. Remember, you miss 100% of the shots you don't take.
Here's a secret: I am naturally introverted. I get my energy from being alone. I can be gregarious and converse with people when needed, but that didn't come naturally. I was the shyest kid you'd ever meet. It was only through practicing these skills at 14, 15, and 16 that I came out of my shell and learned to build rapport.
If you're shy, the next time you're in an Uber, don't put in your headphones. Speak to the driver. Do this for a year or two until you feel confident engaging with anyone. This isn't about forcing yourself to be an extrovert to succeed. It's about building the muscle of interacting with people, which will be necessary no matter what you do in life.
## **2. Choose the Right Vehicle** The next daily habit is constantly choosing the right vehicle for where you are in life, based on your skill set and appetite. I believe I am where I am today because I didn't skip the process. I didn't try to jump from point A to point Z without going through the necessary checkpoints.
My first main business was a social media marketing agency at 16. For two years, we provided social media marketing services, which got me to around $30,000 a month. Then, I decided to pivot to an advertising agency. It took time and effort, but relatively quickly, I started hitting $100,000 a month in profit.
Around that time, I received many offers to start software companies, but I always said I wasn't ready as an entrepreneur. I didn't have the skills or the appetite for it. Even now, I get offers from venture capital firms who see my resources and audience and suggest I invest in businesses. I often reply that I don't have the appetite for that right now.
It's important to be wise and aware of where you are in your journey and pick the right vehicle for that stage. If you want to find the right vehicle for you this year, click the YouTube video I've linked in the description. It's my most popular video, where I create a money-making matrix comparing popular business models, outlining the pros and cons to help you understand what might work best for you.
I recommend certain business models that I no longer pursue because I'm in a different stage of life. I'm no longer looking at opportunities worth $100,000, $300,000, or even a few million dollars a year, unless the opportunity is worth tens or hundreds of millions.
I'm grateful that I've always been wise and understood when to press forward and when to hold back. A lot of it depends on how much ammunition you have. Currently, I am more powerful than ever, with more resources and a team of 150 employees to handle any problem. Three years ago, I didn't have that, so I stuck to easier business models.
Understand that you need to pick the right vehicle for the right phase of your life.
## **3. Create, Don't Consume** The next daily habit is creating rather than consuming. I've never been a big fan of watching football; I'd rather play it. Instead of scrolling through TikTok or YouTube, I prefer to create content myself. Whatever it is, focus on creating instead of consuming.
I've always been aware of what products or services I was using that brought me value and how I could eventually get to the point where I was creating that thing and profiting from it. Always focus on how you can create rather than consume in any area of your life.
## **4. Don't Put People on a Pedestal** The next habit is never putting people on a pedestal. This might be hard to implement, but you need to understand that even your biggest heroes, including me, are just like you. I am you, and you are me; we're no different.
Look at my old YouTube videos from 2015 or 2016 when I was just a kid. I was going to the gym every day, going to school, and doing protocols like squatting every day. I was committed to reading a book every week and meditating every day, all while being broke and having nothing to my name.
I was building myself, my character, and my discipline. Discipline is far more important than motivation. Don't put me on a pedestal. I'm simply you, seven years on. If you think you can never get to my level, go watch videos of me when I was 16 with acne, no resources, and nothing in my corner, except for discipline and a belief in a future vision.
If you have those two things, you're going to make it. Stop looking at this as something you can achieve by summer or in 90 days. Instead, think in five-year or ten-year terms. Commit to being better day by day for the next 5, 10, 15, or 20 years, and you'll be far ahead of the competition because most people aren't patient enough.
When you watch my videos, remember we're the same. Confidence comes from competence. When you're good at something because you've done it for so long, you'll naturally be confident. I walk through life and do these things because I've been through the ringer. To get here, you have to put one foot in front of the other, and you can't do that if you think there's something intrinsically different between us.
We all wake up, take dumps, get hungry, and have low and high moments. The only thing that separates us is time and discipline. If you can stay in the game long enough and be disciplined, you'll likely make my eight-year business journey look like nothing in comparison to what you'll accomplish.
Once you reach a certain point in life, with a team behind you, you gain a layer of protection. Losing becomes difficult. It's almost guaranteed you'll win. It's like being given $100 million – if you're not an idiot, all you have to do is not lose it. If you're given $500 million, invest it in low-risk assets and you'll succeed.
That's what life becomes like at a certain point. You have so many connections and the right people in your corner, which provides a safety net. The only difference between you and me is that I've been in the game longer. I stuck in the game long enough, was disciplined, and eventually built an army that believes in a vision. Once you do that, it's game over.
## **5. Think in Second Order Consequences** The last daily habit is thinking in second-order consequences. When I was younger, I played chess. When playing chess, you're always thinking of sixth or seventh-order consequences. You're thinking about the ripple effect of your next move, not just one or two moves ahead, but five moves ahead.
I carried that with me for the rest of my life because I always thought in second-order consequences. Most people think about buying a TV for $2,000 but don't think about the second-order consequence: you'll feel obliged to use it. Now, you have to spend time watching Netflix to feel like you got your money's worth.
There are many things in your life where you need to consider second-order consequences. Take TikTok, for example. Downloading it seems fine, but what are the second-order consequences? You might not be able to do other things you want in life.
If you're too needy with a girl and she rejects you, that's hurtful. The reason it's not good to be needy is not just because that one girl may reject you. It's because you no longer respect yourself. You no longer look at yourself in the mirror and see a man on a mission with drive, someone who won't let anyone knock them off their path.
It's not just about that one girl who rejects you; it's about embodying traits of someone who quadruple texts and is constantly on her case. The second-order consequences are that you feel shame and as though there's something fundamentally wrong with you.
Everywhere you look in life, you need to understand second-order consequences. To make my first million dollars, I didn't drink for three years. The first-order consequence might be avoiding a hangover, but the second-order consequence is that you make decisions in a clear state of mind. The third and fourth-order consequences of making decisions in an unhinged state can be even more catastrophic.
Understand this concept of second-order consequences and implement it every single day into your life. Take heed of these lessons, implement them, and remember that I'm watching from afar and rooting for you.