11 Skills that Millionaires Master

one of the many things I firmly firmly firmly believe in that anybody who learns the skillsets of a millionaire can become a millionaire when I say anybody I literally mean generally anybody - any health disabilities things like that you see I'm wearing this shirt here that says enjoy capitalism because capitalism may not be a 100 percent perfect system I've lived in a socialistic environment lived not vacation live and I've lived in a dictatorship environment I've lived with a family members who were half my family were all communist and an imperialist I believe in capitalism and many of my followers ship who followed these the content on value tainment from all around the world 220 countries that follow this content you will know I will constantly encourage people to study this system this model because it works effectively now some people don't like that but it's what I believe in firmly and in you know when people say well you don't understand I didn't come from a rich family at income I didn't come from a rich family my dad worked at a 99-cent store for 15 years my parents got a divorce my mother had to go back to Iran because she ran out of money I'm a welfare child I joined the army I had a 1.8 GPM the last person in our high school you asked any one of my high school buddies will tell you I'm the last person anybody would have ever expected to become successful but because III one event father having a heart attack on in the hospital seen him lose 40 pounds one event made me completely change this guy and not not temporary change a lot of people change temporarily I'm going to get into my message here I'm talking permanent change I know a lot of people that will work hard for 90 days and then they go back to the bad habits they'll exercise for 90 days then they go back to the bad habits don't keep a good time for 90 days I will go back to the bad habits they'll read books for 90 days then I'm talking permanent permanent obsession change that is going to last with you for 10 20 30 40 50 years that's what it's going to take to be able to make the kind of money that millionaires make the money is out there the money circulates it doesn't stay in a place this money that I have right now my pocket I want you to think about this here this this $200 here guess what ask the question how many people you think this is touched how many people has this touched how many people it touches thousands and thousands of hands have touched this and it's with me now I can choose to do whatever I can do with this $200 but it's going to keep circulating and eventually hands end up getting the most those who learn the skill sets of attracting this and retaining it and growing it that's what I want to talk about here with you today I did a video a few months back it was titled how to really become a millionaire entrepreneur put it up it became the number one video on entrepreneurs YouTube channel and then for us it's done very very well let's matter if I put a link on here on the bottom it's called how to really become a millionaire let's put the images all so people can see what it looks like today I want to talk about the 11 skill sets that millionaires master ok and I'm going to get very detailed about this on these areas for them to master and then you got to make a choice yourself that whether you want to kind of pass up on this and just kind of show great video path phenomenal video men as usual great content to me what I love the most is the type of messages I love the most is when a guy sends me a message and says I started watching your videos about a year ago and I followed all the content that you've I've never missed a single lady i watch every one of your videos a year ago I made $7,000 this last month I made ninety three thousand dollars in a month I like that I like it when somebody tells me our company grossed three million dollars last year this year on track to grossing thirteen million dollars those are the messages I like you because they're implementing and growing so you will get the content it's on you to implement it so let's go through number one and by the way I'm assuming you automatically have to have work ethic I'm not even going to put work ethic as a point because it's not a skill set it's a mentality but if you don't work none of these things are going to affect you in any possible way maybe a little bit but not dramatically let's let me get right into a number one skill set that generally millionaires master is persuasion and let me explain to what I mean by persuasion what I mean you know they master persuasion to me is on many different fronts one they have to persuade their family that I'm going to go become an entrepreneur please support me they have to persuade their wife if they're married their husband if they're married they have to persuade their kids parents peers they have to persuade investors they have to persuade an employee to want to come work with them when they're small to have to persuade a group of salespeople to want to come and sell their product they have to persuade people on why their product is a special product they have to persuade why their industry is a special industry on what type of an impact that's made in your life you got to learn how to persuade people you gotta learn how to persuade when they're selling the customer when your product may not yet be at the level you want it to be you need to learn how to persuade investors on why they oughta invest into your company you need to persuade executives and talent who are with established companies why ought to why should they consider even working with something like you working with an entrepreneur like you who is maybe not established yet maybe you're not there yet you know you've got to learn how to persuade your competitors persuade your partners persuade your vendors persuade your carrier's persuade there's a lot of persuasion that you got to do by the way you also you got to learn to persuade yourself as well you got to psych yourself out to get into the mode of wanting to get to work on a daily basis especially those days that you know it's not an exciting that you got to persuade yourself persuasion is one of their skill sets you got to persuade when you learn how to negotiate negotiation is a form of persuasion learning how to sell if you don't know how to sell kiss entrepreneurship goodbye because selling is a form of persuasion negotiation is a form of persuasion speaking from stage is a form of persuasion not everybody speaks the same style but you know everything there is persuasion number one skills that I put up there is persuasion number two number two let me tell you one thing that you know most millionaires master is reading people reading people and I'll and I'll tell you what I mean by reading people okay the reason why reading people millionaires end up generally becoming good at reading people is because they've been ripped off backstab the lie - cheated so many times that there are a lot of signals that they see a trend that saying this person's like that reminds me of this person you gotta learn how to read people gotta learn how to read a customer you gotta learn how to read an employee you got to learn how to read someone who is absolutely full of it sometimes I get surprised how some people who are pretty successful making 100 200 300 thousand dollars a year how easily they fall for the trap of somebody who's full of it like how do you not read that sometimes right you gotta learn how to read it and in a certain level of paranoia when you're reading people and then also when I'm saying reading people it's not just on a negative side reading people on someone that's truly you did something wrong and you need to go out there and do something about it you need to read people that need you to make a right effort to take care of them you don't make the right effort to you know treat them in a way that they need to be treated that's also reading people another one is when I say reading people is being able to think what a customer is going to need now where the customer's going to need a year from that three years from now five years from now and reading them being able to read a person that starts with your company at an early stage and what were they thinking about when they were at your level at a new level you're not speaking to them from your level millionaires they got to learn how to read somebody at that level and give them the belief that they need at that level versus somebody that's been around a little longer that needs to kind of man up or woman up or mature as an entrepreneur and they're not they're just treating this as a lollygagging with the industry that's a complete different conversation with that person say grow up already you've been in this thing for five 10 15 years what's next you're going to be like this your entire life so reading to know when where who what when they eventually become very good at reading people number three this one's going to sound strange to a lot of people I first say but it'll make sense to hear in a minute it's called sharing the wealth hang tight this is not a hokey corny type of thing I'll explain to what I mean by sharing the wealth the people that I've met who have created lots of wealth I live in a nice community and you know I go to the guy across the street he's a guy who was part of a technology software company he was one of the many guys that became very wealthy when this company was bought out I go to the guy on the other side lives in a six and a half million dollar house they built you know 5 10 15 20 different dealerships berkshire hathaway came and bottom they weren't the biggest dealership here in town in dallas in texas they bottom out he was one of the many people who all experienced a lot of wealth and lots of money I go and sit down with people who were part of startups and hears stories of so many people you look at Microsoft on why they kept growing Apple when it kept growing when when Steve Jobs died most people don't know this he only owned 0.6% of Apple stock think about it the CEO the founder only ended up owning point six percent of stock now some people said was because he left he went to next and he saw nada okay I get it still 0.6% Microsoft Bill Gates so many people became wealthy with Microsoft so many people became wealthy with Amazon so many people become well anything that's ever at the highest scale wealth has to be created by multiple multiple people the Clippers organization is owned by former employee of Microsoft the Seattle is at Seattle Seahawks and a you know Paul Allen Trailblazers it's owned by pockets of former Microsoft so when you go and study this you will notice that a lot of people who create their wealth do with that way I remember one time I had a gentleman I was working with and he was a he was Jewish and he would always tell me things about why the Jewish community has money and makes money and so say you know in a very very vocal guy big personality always had money always made money and everybody that touched him also made money with him I said so you know what is it he says let me tell you the key to success to the Jewish community business people I said what is it he said when we make money a lot of people make money he says you know what happens when you make money a lot of people make money and so what's that everybody constantly wants to go in business with you because why every time they go in business with you who makes money a lot of people make money so you keep getting people that keep coming and doing business with you now some of you may say that's not try know this guy that he made his money and it was all him and all this fine he's probably not going to get a lot of people are gonna want to follow him and do business with him from the past if you generally see that nobody from the past is consistently doing business with a person it's either that person shows it's the other people said when he makes money only he makes money nobody else makes money you gotta learn how to share the wealth where you continuously have deals for the rest of your life number four leverage very critical leverage millionaires master leverage they are master at understanding leverage and I think one of the reasons why they understand leverages the sooner you learn that in order to do anything big you need a team is a sooner you'll start scaling at a very fast pace you know especially a lot of the driven self-motivated guys that had high GPAs or did very good in school and they have good grades and they were always good at doing the homework right and nobody does it better than me I'm I'm perfectionist they typically have the hardest time they typically have the hardest time the guys that didn't have the best grades and they were kind of played a little bit of sports they generally don't have a hard time with this you know why because they've always needed help so it's kind of manly now I need help I still need help but the ones that typically have independent league we're very good in homework they have a hard time knowing that they need help leverage is a very very big deal so you got to learn how to delegate what are you delegate will you not delegate how do you manage and study a certain thing that you're delegating to somebody to see if they can fully come through with it crowd sourcing at one of my favorite questions to ask our staff are it doesn't matter who it is I love to ask what do you think what do you think about this what do you thing about this idea what do you think about that what do you think about this what are your thoughts and I like to ask every different type of personality somebody who is very skeptical but very technical and smart somebody who is action excited to me what gets you excited about that somebody who's normally in the middle and you don't get a lot of reaction I want to see all because I want to know what they think about it that's part of leverage so leverage is you know team recruiting sales software technology social media everything marketing branding collaborating everything is leverage how can i leverage to make this thing go faster leverage number five number five this is a skill set they master let me tell you recruiting recruiting recruiting recruiting let me explain you recruit a media platform to want to build you up you recruit talent you recruit executives you recruit the best salespeople you recruit people who our friends that want to go into business with you recruits solid high identity associations you recruit good friends you recruit you know other people who are extremely successful that also want to associate with you you recruit that that's not to sell them anything that's to sit down and talk and you're learning from one another you recruit a board you recruit an advisory board you recruit the best mentors millionaires are great at recruiting the best mentors partners investors they're incredible at networking they're incredible at connecting they're incredible i doing any of those things because recruiting to them they know I am one executive away from scaling my business and you double my revenues and one salesperson away or one sales leader away from incredibly growing my sales volume of sales by fifty one hundred two hundred three hundred percent if I get one strong sales leader if I get one leader that comes in and does they know that so everything to them is about recruiting point number six this one's also strange but I'll tell you energy management energy management what is energy management I still don't drink coffee I just got off the phone with a major player at the AIG who sent me a very very nice gift mark thank you for sending that nice gift that you send out but we were talking about energy and it says you got a newborn are you getting any sleep I said yeah I'm trying to get some sleeping and we're getting it waking up every two hours with the baby and says are you still not drinking coffee I said I'm still not drinking coffee so do you do Red Bull do you do this how don't do any of that stuff I personally don't do any of that stuff but I have to figure out a way on how to manage my energy because my energy without it I can't do anything and anybody who becomes a millionaire those who don't they generally quit at some point they quit out $100,000 income they could add 150 200 300 400 sat some point okay some people go to the very end and then they quit when they die but a lot of people quit after 234 years of going all-in most people don't go for a long time keep that part of mine so energy management is what can I do for you for me to increase my energy so generally I get tired after working 8 hours I don't want to get tired after 8 hours what can I do maybe I'm gonna ten hours maybe I want to go 12 hours so I like to stand up and work because this won't stand my body is standing up so every time I'm doing this my body is moving and when I sit now I may take a break and I sit my energy goes lower then boom I stand up again my body's moving things are happening so figuring out ways to managing your energy to know how long you can go figuring out how you can go on little to no sleep I know that sounds strange to some people how do you do that your fitness routine your diet all of that is part of energy management number seven anybody who's been following my content for a while you know I made a video that was called the most important thing to teach my year children right and it's called what how to process issues millionaires learn how to process issues they learn how to problem-solve they learn how to sit there and say if we need this we need to do this this this this they know how to think about a prominent come out with a one two three step to doing something we need to figure this part out let's call that person they call this person call this person email that guy call this guy let me call this person and say okay we got it here's what we need to do that person's willing to do this that person is not interested but we need to call them back in the next six months but all this stuff that goes but it's purely on learning how to process issues and a part of learning how to process issues I put this point it was going to be separate but I added in this is within processing issues where everybody is always bringing them ideas we should do this we should buy this we should do that we should do that they also become very good at saying no to 90% of things keep that part amount they say no to 90% of things because they're trying to identify which areas worth them putting their time into and not their time into which areas worth them putting their resources into and not putting their resources into which is part of processing issues number eight number eight is time management they learn time management and generally you learn time management because a lot of times a rookie entrepreneur may not even make it because they're spending way too much time on Facebook newsfeed they're spending way too much time on a game or they're spending way too much time on snapchat fall on everybody else they're spending way too much time on Instagram or all that other stuff and they're not putting a lot of time into selling sell in front and front end prospect and prospect in creating creating networking networking relationship relationship they're not they're not in the hunt right so you don't make it you go straight to the cemetery of entrepreneurs who are millions and billions of people buried there who didn't make it they tried and they didn't make you their time management is when you learn how to make a one and a half hour appointment become an hour and still effective how you learn a 30 minute phone call to become 10 minutes how you learn to leave a message that's an effective message yet it's not a 6 minute message or formatted message they learn how to say a message in a bit of a faster way they know what area they don't need to put time on and say this is relationship I'm not putting a deadline on this because this is relation because sometimes you can also be the complete opposite without care I've got to go and then Dada the other person is offended by because they're also busy and you're busy it's kind of like listen I'm as busy as you are so don't give me this I'm busy type of thing everybody's busy at this point so sometimes people that play that card when they're not it kind of rubs people the wrong way who have already they're already in the hunt at a high different levels of time management they understand it but they become very good on the time management side work hours week all in you know it's strange how they still find ways to save their sanity because you have to stay sane to go long-term you don't hear a lot of the people that make it to the highest of highest of levels taking way too many vacations you generally don't hear that but they'll do a schedule of Saturday boom go Sunday and a Monday they come back to refuel use your here time on Sunday being at a spa or hotel all day and laying out and to relax and you'll see them doing those sorts of things for them to reenergize a lot of rookie entrepreneurs I get two hundred two hundred three hundred four hundred thousand all your income vacation vacation vacation making sure make and their one or how come they don't absolutely explode on scale because they're more concerned about vacation rather than doing the work so that is a part of the millionaires mindset as well nine how to manage money they they have to you have to learn how to manage money because everything to you is risk everything to you is you have these type of resources and is depleting what can you do to make the number keep coming up so the income is increasing your your savings that you have all in place accounting I mean go buying something you can't afford or can't afford I remember when we first started a company a PHP agency I told my wife I said for five years I'm not buying a house and she said babe we can afford to buy a house I said I'm telling you I'm not buying the house for five years babe it's only $300,000 down payment maybe I'm not buying a house for five years and I made it very clear so she knew I don't even want to talk about buying a house because everything that came in is gone back into the business everything we rented for the first five years of me being and we had we could afford to buy a house but we rent it we rented we rented we rent it and then we bought a house then it's a different story um why because I could do a lot more with that $300,000 in the company then I could with $300,000 down payment on the house or $600,000 down payment on house why would I want to do that I don't want to do that I want to stretch the money and make that six hundred thousand six million dollars why would I want to tie that money up to something automatically right now I don't need to be doing that so risking it saving to be able to risk more one of the things about Apple that they're known for is they're very much about cash and the reason why they're always been known as stingy or all this criticism that people gave to Apple they have cash to make decisions Google has cash to make decisions how much companies have cash to make decisions and when you have cash when you want to buy something party you can do that so cash is a very very big part of a manager money as well so number nine is how to manage money number ten is how to be aggressively patient this is kind of strange because how do you become aggressively patient one you are so aggressive and assertive on your part on what you can do to grow but psychologically your patient to know everything's going to work out because listen I'm telling you the reason why I believe anybody and everybody could become a millionaire anybody and everybody could become a millionaire because there's a formula to it and some of the people that hate it when I say that is because they tried and they quit too early or they don't want to work that hard so it upsets them because they would rather have an escape to say it's not true you have to be smart you have to be from a wealthy family I'm not smart I'm not from a wealthy family I learn I read 11 12 books because I was just feeding my mind constantly so it's not nice I don't come from a wealthy or very intelligent intellectual type I come from a simple hard-working families what I come from so but you're gonna have to learn a part that it's just working working working working working working patient patient patient I know it's coming I know it's coming I know it's coming I know it's coming I know it's coming working working working working working and the reason why patients would come say whatever product you sell so let's just say it's real estate if I know every week I plant 100 new seeds whether it's for a loan officer that I can build a relationship for him to use me as a realtor whether it's to hard core accountants that are working in a market that I want him to refer me as a realtor to their client whether it's a community of everybody that buys and sells homes every week I add hundred people to my scene I'm planting 100 seeds 2 weeks that means I've how many how many seats 200 seats 3 300 seats 400 500 600 700 800 9 I know something's about to happen I know I'm about to get a call and say hey Patrick this is John giving you called you and I met about three months ago and you were realtor we got your car look we're thinking about selling our house and we'd like to get together with you we really like your approach are you available for us to get together later on today sure excellent because I'm doing this I'm guaranteed to get this I know for a fact this is going to happen most people the reason why they don't get this they're like there's these three guys if they buy the house from me I'm going to be a millionaire there's just two people if they do business with me they're just waiting on those two three peoples not going to work seed seed seed seed seed seed seed bomb patient comment it comes then all of a sudden when this thing when the floodgates open let me tell you better get the band to be ready when the floodgates opens then it's just like then you're saying I can't meet today but here's what I could do I can send one of my associates to meet with you and you can come to my office tomorrow now you're not going now that people come in to you because demands high on you everybody wants to work with you have credibility that's what I mean by aggressively patient and the last one I'll make you to you last one I'll make to you here is this those skill sets that these millionaires master one of the skill sets that they master is a learning this kind of straight view master learning yes they're constantly focused on improving they're constantly focused on improvement how can I become better in this how can I become better than that how can I become better in this how can I make the company matter how can I make the customer service better how can I make the product better how can I make my communication skill level better how can I make my this level how can I make everything is about improving everything today how can we beat our prior best what's the most we ever did in here 68 let's do 72 this month what's the most we ever done over here we have 102 let's try to break that number what it was the most you ever done it was the most cause you made intimate what's the most appointment you ran in a week what's it everything is let's beat that let's beat that let's beat that let's beat that let's beat that because it's always constantly about improvement then all of a sudden every department is getting better and improving every department is getting better and improvement so they're learning they're all about self education they have a big dinners mindset let me explain sometimes when you see people that are made money and they're extremely cocky they no longer have the beginner's mindset they've already surpassed what they thought they're going to make money wise so beginner's mindset is somebody that's so curious how do I do this how do I get this better what do I do about this how do I do that how do I get this thing what do I do that what everything is about learning learning learning learning learning that's all they're do they want to learn Lorne Lorne is what they're doing right so everything is about consummating their prior best who do I work well with who do I not work well with what do I need to improve I need to change this weakness part of my attitude that doesn't work with this type of people I need to get better at working with women or men or couples I need to work better with people who are twice my age or half my age I need to learn how to work that area better so those are 11 skill sets 11 skill sets that millionaires master and my challenge to you is if there are any areas here that you want to say man I want to get better at that as well you go seek finding out on what you need to do by being resourceful and finding out how can I become better in this area and eventually you'll become better in those those skill sets as well but this is going to take effort this is not one video is going to change everything for you I'm so excited I'm gonna go dude no plan of action on improving these areas score yourself in these 11 areas good in this I'm terrible in this I don't even know what this is I got to get better at this who's good at this let me contact this person and get better at it so that's my plan of action for you guys that I'd like to see you put together to get the types of results that you want to get but those are the 11 skill sets of a millionaire a millionaires mastered Paul throw me my favorite pillow real quick gang let me tell you I've been doing this for the last two weeks now our goal is to get to a hundred thousand subs on YouTube by August 31st I'm getting so many great messages people that are posting our stuff on Instagram Twitter you know commenting on YouTube and inviting other peers and sending it on their newsletter and all this other stuff which is helping out tremendously and some of you guys that are going above and beyond you know who you are message you out thank you thank you for doing that but we want to get 200,000 subs we feel pound-for-pound we can go against any other youtube channel on the subject of entrepreneurship and so if you haven't subscribed yet please do so if you got your friends following please help them also encourage them also subscribe to this channel I'm launching something very very massive in August and our goal is to get to a hundred thousand by the time we launch that project with that being said if you saw this video on a complete different website you can always come back to Patrick be david.com boom and if you got any questions or comments please comment on the bottom thanks for watching everybody take care bye bye you

Channel: Valuetainment

Views: 2,358,788

Rating: 4.908884 out of 5

Keywords: Entrepreneur, Entrepreneurs, Entrepreneurship, Entrepreneur Motivation, Entrepreneur Advice, valuetainment, patrick bet david, how to become a millionaire, how to become wealthy, millionaire mindset, millionaire skills, 11 skills that millionaires master, millionaires, millionaire, 11 habits of millionaires, 11 skills millionaires master, what millionaires do, the life of an entrepreneur in 90 seconds, how to start a new life, money, habits of millionaires, millionaire habits

Id: eJlWQ08UCyM

Length: 27min 54sec (1674 seconds)

Published: Thu Jun 16 2016