Watch on YouTube
If I Wanted Millions in My 20s, I'd Start Here
This video does not allow embedding, so you get a static preview and a link to the original.
Key takeaways
- So, Adam, I'm 22, want to build a multi-million dollar business, should I start now, fail forward and learn on the way, or spend my 20s building skills, cash, and clarity?
- So, I would try and try and do stuff.
- Like, I think there's just there's huge upside there because you don't even know what you don't know, and you learn so many like default ways of operating because when you have to
- And the thing is is like, if you don't have directions on how to assemble those bricks, you're not going to know what assembly is the correct one for a building.
Chapters
-
0:00
Abschnitt 1 So, Adam, I'm 22, want to build a multi-million dollar business, should I start now, fail forward and learn on the way, or spend my 20s building skills, cash, and clarity?
-
0:40
Abschnitt 2 >> [clears throat] >> I'll give you an analogy.
-
1:16
Abschnitt 3 Then there may be a few ways that you can correctly assemble the bricks to get a building, but there's going to be way more ways to not assemble the bricks to make a building.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00So, Adam, I'm 22, want to build a multi-million dollar business, should I start now, fail forward and learn on the way, or spend my 20s building skills, cash, and clarity? To me, those are one in the same. Um like you will build skills by failing. So, I would try and try and do stuff. Just being real. Like, do stuff. Uh learn from it. And if you can make money while you're doing it, great. I think that for many people, one of the the wild like a huge leg up that you can have is working 1 to 3 years in the industry that you want to get into. Like, I think there's just there's huge upside there because you don't even know what you don't know, and you learn so many like default ways of operating because when you have to
0:40>> [clears throat] >> I'll give you an analogy. So, imagine you've got a pile of bricks, right? So, you've got this pile of bricks. All right, let's say that these bricks represent, you know, stuff that you can use to build. This is going to be a terrible pile of bricks, but whatever. Okay? And someone says, "Go build me a building." Right? So, you then try and assemble these bricks in a in a hundred different ways. And the thing is is like, if you don't have directions on how to assemble those bricks, you're not going to know what assembly is the correct one for a building. And so, the thing is is that if you have an ideal building in mind, right?
1:16Then there may be a few ways that you can correctly assemble the bricks to get a building, but there's going to be way more ways to not assemble the bricks to make a building. And so, for me, I'd rather just like kind of like if you're building a building, like you're building an IKEA desk, right? If you don't have the directions and you have the pieces, you might eventually figure it out, but it's so much it takes so much more time than having a model to look at because you automatically know you're like, "Okay, well, first thing I'm going to separate my tools over here, I'm going to put my screws over here, and then I'm going to put my my blocks over here." Great. So, it's the first thing. That's what you do. And then after that, you're like, "Okay, I'm going to look at this picture. There's got these four legs." And you're like, "Okay, let me put the leg number flip it upside down. Let's put leg one, leg two, leg like leg four." You're you're it's almost looking like a table." But if you have no idea and you've never built a table before or you didn't build anything before, then it's way harder to do. And so that's why I think I would recommend make money, earn, and learn one to three years. Like my first thing out of college, and like college is different now than it was then, but like like I did college for three years, and then I worked for two years, and then the next thing I did is I still didn't even start immediately. I then um started as like an apprentice at a gym cuz I wanted to get into fitness business. So I went to a successful gym owner and said, "Hey, can I like work for free? Can I mop the floors?" And I was like a white-collar consultant. So I went from making, I think I actually don't remember what I made. I know I had $50,000 in savings. Uh the reason it's like unclear is because I I got paid on contracts. So it was like very lumpy. Anyways. Um But anyways, I uh he then basically started paying me minimum wage um to follow me around. But like an amazing ROI for me because he was like, "Oh yeah, like email marketing." And I was like, "What's that?" And he was like, "Oh, it's this whole thing, right?" And again, YouTube wasn't really like around the way that uh when I started doing this. Um and so I had to had to learn the hard way. So that being said, hopefully that helped uh for Adam in terms of thinking about what to do.