7 Principles For Teenagers To Become Millionaires

you are young I'm 17 years old you're ambitious I worked my face off and you want to make it big early in your life so in today's video I'm going to reveal the seven principles for teenagers and people in their early 20s to become millionaires now I made my first million dollars at 18 years old and no matter what you see on Tick Tock I want you to know that that is not normal it is not normal in any shape form or fashion but it is because I followed these seven principles so what I'm going to reveal to you today not only helped me make my first million dollars at 18 years old it has helped me to amass a net worth of tens of millions of dollars by the age of 23. so I'm speaking from experience here but I do want to make it clear that no matter what anyone says I will hold my hand up and say that a very large portion of why I'm in the position I am today is because of luck or the grace of God in my opinion and timing so just factor that in now real quick before we get into today's video I've had tons of people over the years ask me to do like q and A's on Instagram or even here on YouTube where I answer questions to people's specific cases you know their particular question and I'll be honest my main Instagram is just a stupid place where I post photo dumps from trips business trips what's going on in my life stuff like that but earlier this year I created an Instagram account called at talk with Eman so you can just pull up your phone and request to follow that account I usually tell my team to let in a thousand or two thousand people a week I try my best okay I'll hold my hands up sometimes I do miss it I try my best to do a weekly q a just answering all of your guys's business life questions so go ahead and follow that account if you want a little bit more business advice but apart from that let's get back into the video the first principle you need to learn if you want to be a millionaire in your teens or your early 20s is that in order to be a king you must first be a pawn and this is really the issue with this generation and I say this generation even though I am included in it but I grew up with very traditional principles around respect I come from a background that is a mix between Eastern European and Middle Eastern so like growing up you have no option you learn respect and you learn the pecking order and I learned from a young age that you respect your elders and that's why still to the state I still sit across the table from people that I'm gonna be very honest with you are far less successful than I am but I shut the up and I listen because for me in my culture you listen to your elders now that doesn't mean you need to take everything that they say on board but you at least listen and because I grew up in this environment of learning respect I learned that hey you can be a king one day but in order to be a king you first need to be a pawn you first need to be able to earn your stripes and by the way I earned my stripes from a very young age I started my first entrepreneurial Ventures when I was 14 and I learned what it was like to work with clients and quite frankly for a lack of a better word be their little boy I learned what it was like to pay my dues no matter what it's kind of like listen when you're young and you join a football team you're going to be the one who's the ball boy at the end of training you're going to be the one who is expected to carry all of the equipment to and from and you need to go through that to one day become the captain you don't just come in especially as someone who is Young and become the captain all of a sudden and that is the issue with today's social media Society they look at things and they look at people and they go okay I'm going to jump from here to here and I deserve that for some reason and I even get this to this day people say hey man why do you recommend business models that you used to do why don't you recommend what you're doing right now do you realize how stupid that sounds do you realize why I may suggest business models I did when I first started my entrepreneurial Ventures or within three years into my entrepreneurial Ventures not now that I am coming up to my 10th year as an entrepreneur do you not realize why I would suggest businesses that I started as a pawn as someone with no resources no connection no money nothing do you realize why I suggest those businesses rather than the businesses I have now with millions of followers subscribers tens of millions of dollars like I'm sure you can kind of see why I think this is better than this but this is what I'm saying the younger generation they look at things and they're like no I want to jump straight to the Finish Line you have to earn your Stripes so just remember to be a king you must first learn to be a pawn and there is an nothing wrong with that by the way there is honor there is no ability in starting from the bottom of the pecking order being quiet respecting the process and understanding that you will eventually work your way up the totem pole now the next principle for teenagers to become millionaires is dressed to elevate and here's what I mean by that when you are young people are going to automatically discredit you you don't want to make it worse by the way that you dress so here's the thing you can have a 30 year old that dresses in big labels Gucci Balenciaga where's the funny shoes and all that stuff and listen I mean I'm not against it sometimes when I'm feeling comfortable I dress in streetwear but if I'm going to an important meeting I can guarantee you I'm not dressed like that and my point is that you can get a 30 year old that dresses like that that looks like a 20 year old whereas you can get a 18 or 20 year old that dresses very traditional very classic and you can get an 18 or 20 year old that looks like they're 30. so the point is don't spend crazy amounts of money to have all these labels and this and that and I don't think that's a good idea ever unless you really can afford ordered you have a full wardrobe and sometimes you just want to be a little playful my best recommendation is just go for clothes that have no branding No Label and I'm not saying that you need to dress in three-piece suits listen even if you just go in a simple black T-shirt simple trousers that aren't too baggy and definitely no skinny jeans and just some classic Timeless shape shoes listen you're not dressing incredibly well but the point is you can kind of hold your own in any room sometimes less really is more so first learn how to just dress classic and Timeless and then later down the line you can start incorporating some suits you can start incorporating some double-breasted suits maybe before you go to the suits just get some nice Blazers and you compare the Blazers with trousers it doesn't need to be a full suit you know a lot of times I'm just very comfortable with a nice round neck t-shirt not like this this is a lot more you know it's a Sunday today a very home comfortable shirt so not something as casual as this just a nice fitted white T-shirt or black T-shirt and smart Blazer over the top some trousers and some smart shoes and you have a very classic Timeless look that's not overly formal and you're never going to be too overdressed in any situation and then as I said later down the line you can get into your double-breasted so you can get into your three pieces whatever you feel comfortable in really but the point is that you really need to learn how to dress to elevate especially if you're going into the world of business at a young age because I'm being honest with you I experience this firsthand people will try to discredit you because of your age so don't give them any excuse or Reason to make it an even bigger thing than it needs to be so dress older than you are now the third principle for teenagers to become millionaires is have something external that humbles you and here's what I mean by that there's a lot of people who are young with a lot of ambition in their life but the issue is there's nothing in their life that has humbled them things that will humble you Combat Sports business will humble you because no matter how good you are when you get in the world of business the market will tell you how good you are I'll give you a perfect example I remember when I was 17 years old I had gone up to I think 15 or 20 grand in my business at that point I dropped out of school the month prior and I hired my first employee full-time employee fifty thousand dollars a year which by the way for a first employee was like at 17 that was big for me and I'll never forget it this person even moved country to join my company AKA just me and within three to four days he quit packed up his stuff and went back to his country and was like I do not enjoy this work and I remember it was one of the very few times I've ever cried in my life I remember talking to my mom and just crying and just being like wow I feel like a failure your business is taking off and you're hiring your first employee and they leave because a the work isn't enjoyable enough or potentially and this is something I had to face at the time maybe I just really wasn't an inspiring leader maybe I wasn't a sort of leader where my team was like I would follow you into war and things are very different now that I have 150 employees we get 40 000 people a year applying to work at one of my companies because I was humbled when I was 17 that hey maybe you're not as good as you think you are maybe you think that you're this little child prodigy are you sure about that let me humble you so whether it's business whether it's Combat Sports you need something external in your life to Humble you and put you in your place because the thing is especially if you earn a lot of success at a young age you're gonna start to think you're hot and if you don't have anything to Humble you you will end up becoming your worst enemy the next principle you need to follow is no casual dating either something serious or nothing at all listen if you are in your teenage years or your early 20s either you go for something serious no casual dates no casual flings stuff like that listen you are a man in your early years make something of yourself and either have a partner early on they will support you through that as something serious or none of this casual hinge Tinder blah blah all this none of this casual dating because let me tell you something it is taking you away from your best years your best years to build and the other thing is we live in a very brutal dating culture I'm gonna be very honest with you so why b19 trying to navigate this crazy difficult dating culture where there's successful men all around the world that through Instagram and all of these other mediums have access to all these women why would you at 19 try to compete with that either you have that serious girl that holds it down for you or don't try to casual date if you want a casual date and have your fun and listen I'm speaking to someone who has had both sides of the equation into the state I still like to have my fun there's nothing wrong with it but I put my head down and work like a dog for years and years and I remember even being 19 20 and being a multi-millionaire and I said to myself what's the point of me really focusing on women and having fun and enjoying myself with all these women when girls don't want guys for 19 or 20 and you need to understand this as a guy you become most attractive once you get past the age of 25 really from 25 to 35 is when you're most attractive to women and it really only starts at 25. so I remember even being 19 or 20 and I'm like yes this is great I'm a multi-millionaire I'm all these things but like let me just keep working like I'm on a roll like all momentum let me just keep this going rather than trying to have the most fun and date girls and Bubba and all this crap so as I said no casual dating either you are dating someone serious that you're like this woman could be that day one for me and by the way that day one girl listen please take this coming from me there is nothing on Earth nothing on earth that is more viable than that if you've got a day one girl and you managed to get a day one girl you know all these girls on a y'all private job I have done and still do all these things but I understand that that does not come remotely close to a day one girl who is there from you from the jump from day one so either aim for that because by the way that is the most valuable thing you could ever get in life I'm telling you this so either you get that or just don't casual date because you are in your building phase you have so long especially as a man and I know I keep talking to men and I understand that there's a I think 10 of my audience is women and I always do say I make content specifically for men because I grew up without a dad I had to learn all this myself so that's why I speak to the young men out there but I know a lot of women still watch my videos and take lessons from it and stuff like that so as I was saying keep your head down keep focused no casual dating and then once you've made something of yourself pop your head up and and then you can have a little bit of fun before eventually hopefully one day you find your actual Queen principle number five is keep your circles small but your influence large and here's what I mean by that there is nothing wrong with many people knowing you or with you having many acquaintances but you should have very few friends and here's the thing most people in this fake life don't know the difference between an acquaintance and a friend because most people don't understand what true loyalty is they are around people that they don't like they're around people for clout or money and this and that and that's why by the way it's so important to get yourself strong first so this way people later down line can't throw money or women or clout at you and you're impressed by it you need to make yourself strong you need to make yourself a fortress but back to the point keep your circle tight but you're influence large many people can and should know of you and I'm not talking about having a massive social media following or this or that I just mean even in the industry you're in never unnecessarily burn Bridges always be very polite and courteous to people but always understand that you can probably only have a select handful of true friends true Brothers in Arms true people that will love you and do anything for you that's a very very small circle so your circle of influence can and should be large but keep your actual Circle solid and full of good people the next principle you need to follow is that God will always test you to see what you can handle and if you can't he will take it away from you and this is very very important because becoming successful and making your first million in your teens or your early 20s that's great congratulations can you keep it now and not only can you keep it can you multiply it because that's a lot of pressure listen if you make your first million dollars when you're 18 or you're 20 or you're you know even 23 that's great but that's a lot of pressure every year after that can you hold that same standard so you need to understand that God If He blesses you if he gives you that million at a young age he's gonna see if you can handle it he's gonna see if you can humble yourself that's why earlier I told you have things external in your life that will constantly humble you business martial arts setting challenges for yourself and seeing if you can accomplish things that really make you dig deep because here's the thing if you don't have these external things to Humble you if you don't humble yourself God will humble you and when God humbles you it's with a ferocity you can't even imagine because you're not ready for it yet as quickly as it's given it's taken away and you need to understand these things so as long as you go into it with a mindset that when you make your first million you're not going to be driving around in the G-Wagon and you're gonna go to the bank like a idiot and take out thirty thousand dollars in cash so that way you can do an Instagram story where you spread all the money in your hands and now all you do is listen to little baby in your rented G-Wagon and pop bottles at the beach club and now your business is just on autopilot God will put you in your place so before that happens put other things in place I've already given a few but even if you can get an older Mentor an older Confidant to look at you and be like you ain't doing it once is nothing special you're only a legend if you can do it back to back to back that's when you're a legend now the last principle to tie it all together is invest early and invest as much as you can here is the thing if you make money at a young age try to get away from you as soon as possible I'm talking about property I'm talking about maybe even buying some physical gold I'm talking about things where the money can get away from you and it's not easy to sell here's the issue sometimes and I'm not totally opposed to it here's sometimes the issue with crypto or stocks you can buy and sell very easily you can't buy and sell real estate very easily so buying things that aren't actually very liquid at a young age I think later down the line once you're established that can actually be a detriment actually makes things a little bit more difficult but when you're a young age you are your worst enemy you're the probably the biggest reason you're gonna this up so what you want to do is once you make money push it away as quick as possible because here's the other thing and once again I'm talking from experience when you are young and you make a lot of money you know what people think people don't think oh well done people think you got lucky so there's no point being 19 years old driving all these supercars and blah blah all this stuff because you're not impressing anyone people just think you're lucky that's it you're better off taking the money investing it and when you're 23 you're 25 you get to an age where people can kind of believe this has happened a little bit more maybe you know you're 22 but you're dressed apart and people think you're a little older and that's when you can enjoy and you can live it up and you can do these things because when you get out of your Supercar people will actually think that you bought that but when you're 19 and you look young people will either think you got lucky they're going to think you invest in some pump and dumb coin or they're gonna think Daddy's money so while you're trying to flex and let's be honest if you're young and you're buying these supercars you're probably trying to flex it's not even having the intended effect so just tell yourself you know what any money that comes in I'm gonna invest as much as I humanly can I'm gonna make myself solid and I'm gonna enjoy these things a little later down the line so ladies and gentlemen I present to you these principles as someone who can speak to you more realistically because let's be honest a lot of these YouTube videos you watch online are some 50 year olds that lived in a different generation and don't understand that hey there's nothing wrong with wanting beautiful women around you there's nothing wrong with wanting money having nice cars all these things there's nothing wrong with that but there's a way to do it there's a time and a place so I'm just coming here and speaking to you guys from experience and trying to meet you guys of where you are which is not trying to shame you for the things you want in life but just telling you there is a way to do it and there's a right timing to do things so as I said I hope this has been a value to you as a reminder I'm a little bit more active on that talk with Iman for actual sort of business q and A's so go ahead and follow that account and as always I'm watching from afar and I'm rooting for you

Channel: Iman Gadzhi

Views: 5,029,460

Keywords: how to get rich, how to become a millionaire, millionaire mindset, how to invest, how to invest in stocks, how to make money, investing for beginners, how to build wealth, passive income ideas 2022, how to get rich in 2023, how to be a millionaire, how to, how to become rich, how to become a millionaire in 2023, how to become a millionaire in 3 years, how to become a millionaire as a teenager, how to become a millionaire with no money

Id: 1-izXBhkiHw

Length: 16min 6sec (966 seconds)

Published: Tue Jun 13 2023