Do All Millionaires Think The Same? | Spectrum

[Music] selfmade has to be somebody that was growing up broke I disagree with that you can mow lawns for a few months and make like a few thousand dollars we know how many lawns I'm gonna have tomorrow it's a lot of lawns multimillionaire please welcome Tim Sykes the key to my success is just working hard like 18 to 20 hour days every day of my life and having no life but having a lot of money I think it's consistency waking up every day doing things that I need to do not just because I want to do them but because I have to do them three years ago I was serving captain and coat as a server I feel like a lot of people think that this happens overnight when it's really been a lot of work I started a fat freezing business it just grew from doing it for friends and family and it grew into like a crazy thing what's up you guys it's Graham here I think it's so important that you live below your means and live frugally and really focus on what's most important deal I think millionaires get a bad rep I try really hard to serve other people I [Music] growing up I didn't have any anyone in my family that was it was in real estate I didn't have anyone in my family that you know had millions of dollars and so for me I do remember being like 1516 years having 20 bucks and working part-time after school and like saving away all that money then I used that money to get my real estate license I barely graduated high school I never went to college - divorced parents so I should not have become wealthy statistically but I believe that I put in the work and I really wanted something and I was really determined and I really enjoyed what I do and that you know accumulated to where I am today I literally started from the bottom I'm not saying that I was ever homeless or anything but I did grow up in a single family household we ended up sharing like a one-bedroom apartment with five people living in one bed living through those struggles really did put into perspective that I just wanted more out of life so I went out there and I did whatever it took to build my wealth and even though all odds were stacked against me like I failed out of Business Administration my counselor told me I would never make it in business but I took that and it lit a fire under me to prove her wrong almost I feel like personally self-made has to be something that somebody that was growing up broke in my opinion like you got it from the bottom and I didn't get it from the bottom I disagree with that I don't think you need to come from straight from the bottom like I started with a few thousand dollars I know a lot of people who started their whole businesses with a few thousand dollars every few thousand is more than what I had so much money with a few fancy isn't gonna make or break your business like your life like you can't the zero but let's say you start with a thousand dollars I still believe yourself maybe even ten thousand even twenty thousand because you're not truly like a even six figures or seven figures I'm broke and I live at Mom's house with zero dollars you're in a way better you can you can mow lawns for a few months and make like a few thousand dollars like there's way no how many lawns I'm gonna have tomorrow it's a lot of lawns but that is self-made there's a difference between being poor and being broke I've been broke before like me my husband I've been broke many times in like our relationship but we've never been poor and even like a long time ago when I lived in a one-bedroom apartment with my family we were never poor I mean I was happy like I had pudding we went to like parks and stuff I never felt poor when I was 7 years old I got kicked out and moved into my grandparents garage and so I was poor mentally and I was broke financially and I had to take care of myself at a very young age so for a decade I was running a pool company in order to eventually gain the opportunities to ultimately move that ball down the court obviously so but were you happy I mean I wasn't not not really right because there was a lot of stuff going on and like I'm living in a garage and I'm growing up and I had to not only become rich fine financially but also mentally I know what it's like to have everything and lose it all so for me my parents split when I was young my family was broken my mom had to then support two children my dad had some nasty habits with gambling and lost everything so he had a lot of debts that my mom ended up having to be chased for and basically I was 12 years old when I got my first job going door-to-door sales selling newspaper subscriptions and I had to bust my ass off to help my mom so for me I feel like we all start from somewhere we go through certain motions because it builds character I like that I'm jealous of you guys I wish I had that mindset like I traveled to third-world countries to kind of see what it's like but I still can't put myself like totally in that spot I feel like again broken poor are two different things like I grew up in a two-parent home I you know went to prom in a Bentley like I grew up really really great but then I hit 20 and I moved out with some boy in the situation got very very domestic violence you know I was living in a penthouse and I'm sorry I got too much pride I wasn't gonna go back home and you know I'm like black and blue like getting locked in like closets like really really toxic stuff so that from was very very poor now did it slingshot me to six-figure a month income yes but in that state of mind and in that environment I felt like I was really poor like I looked beat-up and my direct deposit was not gonna fix a black eye you know like I feel like you know you make more money you obviously do have to pay somewhat more but I don't feel like we deserve extra things to pay just because we have more money like we shouldn't be looked to as like a fund you know from the government or someone else who just feels like oh you have more money you should pay more in taxes I just feel like it should be a little bit more freedom with it because it's really really stressful and I feel like a lot of businesses fail in the first three years because a tax is not because they're bad at business not because they're about it managing money but because they're not prepared to do everything by the book I mean I just don't appreciate it when big companies who sell a lot of their services like in the US and then they have some like Ireland tax status where they're getting out of it like Apple and Amazon and these big companies that theoretically should pay billions in taxes while it's us average people who are really supporting the government I think there should be a little less inequality there Amazon paid zero dollars in taxes you see Bezos donating to Australia for the wildfires he donated $690,000 yeah he makes an average of two hundred million dollars per day yeah we put out a whole press release and I'm just like come on dude like haha give a little more to be fair they have created a lot of jobs through people I actually sell on Amazon so through Amazon FBA he's provided an opportunity for people like me to make a living for myself to be able to start a business you know online and to be able to make internet money so like to have that freedom and like whether we think that he needs to give more or not I mean that's really up to him what he does with his money [Music] my husband just got a Lamborghini and he had Mercedes it was like a 90 grand car and he added like a 200 grand car and I'm like why did you do that like you don't need you know you didn't he's like well I mean I could so why not like I want to is fun I'm like you can't even drive it to the grocery store like you can't use this car for anything I mean I grew up wanting cars like I my whole bedroom was like plastered with cars on the wall no way I could actually buy it it was like it's so fun right I was fulfilling a childhood dream it wasn't even about the car it was the challenge yes I had all the cars the thrill is gone so I don't mean it so yeah I think that you should all have like dreams and chase those dreams whatever they are maybe they don't cost that much but I mean not everything's materialistic like when I started making money yeah I changed my body yeah I mean I wouldn't cleared my skin yeah I wouldn't got a tattoo what I would not like you know what I mean like yeah don't get hair extensions like I've definitely purchased things in the past that were cool and it was because I could but as times gone along for me I've realized so many times that every time I hit the goal or the destination of the target I realized that the journey was so much more fun and it and as I've achieved more success and built more companies it's almost every time now where I get there and I'm like man the journey was actually funner than the destination I'm kind of over here with you yeah right yeah cuz like I used to buy a lot of bags I'm like no I like and then once I got there it was kind of like I don't have a man I hope kids what am i doing but the question wasn't like what do you think about what's important now it's like have you done it in the past you can't change your past if you do are we doing the changing the future and what do you think about material possessions now like I'll change I don't need them but in the past I've had them so I've fulfilled my childhood dreams now I'm good three-two-one if we're talking about getting like successful inequality is definitely not a problem like a homeless person has rose to fame overnight I mean if we're talking about inequality like with like the country yeah like you know that exists but to become successful I know quality is not a problem you know anyone can make it I guess the issue with inequalities that the rich are getting richer and the poor not having access to those means well know cuz I feel like my husband he grew up in like the ghetto of LA like he had nothing he worked at lit as a dishwasher technician and now he drives a gold Lamborghini and he had a gold Mercedes and he can buy whatever the hell he wants you don't need to be like a white guy to make money you know like you don't need to grow up in a rich area to make money there's opportunities everywhere anyone can do it if they want to buy I think when you look at statistics statistics so I think it's definitely doable like anybody can do it but we still are in a day in an age where it's it's not as it's still not that common in the grand scheme of things like there's still a lot of people that like you said the rich get richer and the poor are either staying the same or not really getting that ahead right now I feel like there's still just a lot of inequality I mean like we're all minorities and you guys are away and then like growing up if you put me on fourth grade classroom when I say show me a millionaire you can say Apple Amazon Timothy Sykes he's rich and then you're like okay show me somebody black show me somebody Asian show me somebody Spanish you're gonna be like it's very important it's extremely they don't know you need more examples I think the internet democratizes everything I mean I learned everything about stock trading on the internet and many of us take advantage or capitalize on you know things that are in the market and the Internet allows us to become actually say the Internet's a privilege though no I mean you want to get like into cement is like it's a privilege to be alive during this time in history we have if you're broke you not you may not have it so you have to like you can go down the street and you can get it I have to walk there you could be paralyzed and you could like push yourself there's a way to get on the internet almost every single person to get on the internet the internet I think allows you to achieve anything and it doesn't matter if you're in the u.s. if you're a man or a woman well I feel like that's where internet businesses like for me it's more like beauty like for example if I didn't like kind of look good I'm not trying to be conceited no one would trust me to like help them look better like for example you're in stocks that's not really privileged you learned how to do that my privilege has allowed me to make money just in that case just cuz it's like a beauty industry that's it you know so you can create privilege then - right once you gain some momentum in life it becomes easier in a sense right it become like you look at the exponential growth of success typically and once you kind of create privilege a little bit from what I've found at least it does become a little bit easier like once you're there though I mean it could take ten years to get there but eventually you create the privilege doesn't mean you had to start out privileged for sure and sometimes it's generational like if I was in my mom's shoes and I was actually born in Vietnam and didn't come to and she didn't take that chance with her family to leave literally everything behind and come over to Canada I may not be where I am today because she didn't you know make that decision to bring our family over maybe I would have had to be the one to make that decision for my family and then it's the next generation that basically built off of that so it it really is situational because I'm rich 3 2 1 [Music] we live in a world where social media is extremely prevalent so like being on YouTube or Instagram or social media a lot of it's like perceived you know you are constantly getting like quote-unquote judged but even on social media it really just depends what you post it that's very much just to control them just for social media like I am even if you ask me what time it is I check my iPhone I don't even know if this thing works but like when you're trying to grow your business especially for me like in stock trading why do you get into stock trading is it fun no it sucks but you can make money so for social media you kind of have to show it but even with social media I mean if you have a million subscribers on YouTube I think you're rich yeah because I know YouTube is writing you a check and I'm judging you on direct deposit but that's my point like you don't have to post a flashy watch you don't have to post a nice car anymore like if I see you know a large amount of subscribers on a monetized platform I know you're getting direct deposit I know something's keeping your lights on now I'm not judging in a bad way of course you know I I work every day to try to make videos too but in the same sense like we judge people that ask us for money it's kind of like that poor broke mentality all over again like if you're rich and you're like in a domestic violence relationship like you're not happy even though you might have money but still money can buy fun things and looking back like you're proud of your accomplishments you're proud of the journey that you took to get to where you are and in a way it can back money allows you to buy freedom and then freedom gets you the ability to have more time to find what makes you happy it's not a direct result but it could be like let's say your mom or your dad or somebody that had a severe illness you know was in the hospital and they had X amount of time to live now this person makes you extremely happy and it's gonna cost a million dollars or two million dollars for this surgery then they save them to survive and you save them like you quite literally just bought happiness now that's not to say that it buys happiness in every area of life like I can but in certain areas like yeah money definitely can buy how am i most fulfilling asset is the house that I bought my parents is I am so grateful to be able to you were serving another person under present exactly right it's like pouring from an empty cup you need to make sure you fill your cup before you help other people and I think it goes back to donating or people expect you to give more because you have more but really it's not selfish for you to want a lot of money or to want that time freedom and it really just depends on your definition of happiness what makes you happy and we all find that I guess reason at different points in our life some people figure it out really early on and some people it takes them a lifetime to find out what's what makes them happy so even though you could have a lot of money if you don't know what that reason is it drives you to do the things that you do then really you're just not going to be happy whether you have money or not a big thank you to dash land for supporting this episode for making our content possible for those of you who don't know - Lane is awesome it securely generates and stores all of your password information across every device so you never have to click lost password again it can start your passport info your Wi-Fi info your banking info and even autofill your credit cards so you never have to go searching through your wallet which is super great for travel yeah and speaking of trouble there's also VPN so you won't be tracked and you can access content while browsing the Internet in other countries so for all you good humans out there make sure you go to - Lang com / - bleah forget - lame free on your first device and make sure you use the code Jubilee when you're ready to upgrade to premium and get 10% off make sure to LIKE comment subscribe and I'll see you next time

Channel: Jubilee

Views: 3,268,588

Rating: 4.7804632 out of 5

Keywords: jubilee, jubilee media, jubilee project, live deeper, blind devotion, love language, middle ground, spectrum, do all millionaires think the same, millionaires, how to become a millionaire, stock trader, real estate, day trader, amazon business, graham stephen, austin zaback, timothy sykes, how to make money, how to invest, Jubilee spectrum, spectrum millionaires, how millionaires think, millionaire, millionaire mindset, how to be a millionaire, real estate investing

Id: 5lWZF0z01uA

Length: 17min 20sec (1040 seconds)

Published: Wed Feb 26 2020