7 Skills That Will Make You Rich
Published on: December 2 2022 by Dylan Sigley
7 Skills That Will Make You Rich
Table of Contents
7 Skills That Will Make You Rich
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| 00:00:00 | 00:00:04 | Hey Drop Servicers! Dylan Sigley here, |
| 00:00:02 | 00:00:06 | Welcome back to another video |
| 00:00:04 | 00:00:08 | today we're going to be toking about |
| 00:00:06 | 00:00:08 | seven skills that will help you acquire |
| 00:00:08 | 00:00:11 | wealth |
| 00:00:08 | 00:00:12 | before we get started make sure to like |
| 00:00:11 | 00:00:13 | the video because that helps the |
| 00:00:12 | 00:00:17 | algorithm and |
| 00:00:26 | 00:00:30 | So getting rich and staying rich comes |
| 00:00:30 | 00:00:34 | make money and manage money thankfully |
| 00:00:32 | 00:00:36 | like any other skill you can |
| 00:00:34 | 00:00:38 | learn it and if you work hard enough on |
| 00:00:36 | 00:00:40 | it you can master it |
| 00:00:38 | 00:00:42 | that's exactly what i did i'm not saying |
| 00:00:40 | 00:00:43 | i'm the greatest out there but i am |
| 00:00:42 | 00:00:44 | getting better every day and i'm not |
| 00:00:43 | 00:00:45 | saying |
| 00:00:44 | 00:00:47 | it's easy either the truth is it's |
| 00:00:45 | 00:00:48 | really hard to get rich but it's |
| 00:00:47 | 00:00:49 | possible and |
| 00:00:48 | 00:00:51 | i want to share with you how it's |
| 00:00:49 | 00:00:53 | possible with you today |
| 00:00:51 | 00:00:55 | i'm going to show you the seven skills |
| 00:00:53 | 00:00:56 | that rich people have and tell you how |
| 00:00:55 | 00:00:58 | you can learn them |
| 00:00:56 | 00:01:00 | so you can start your journey as well |
| 00:00:58 | 00:01:02 | towards a life of financial freedom |
| 00:01:00 | 00:01:03 | the first skill rich people have is they |
| 00:01:02 | 00:01:05 | can sell |
| 00:01:03 | 00:01:06 | it's no accident that 90 percent of the |
| 00:01:05 | 00:01:09 | ceos |
| 00:01:06 | 00:01:10 | on the planet cut their teeth on sales |
| 00:01:09 | 00:01:12 | sales skills are so important |
| 00:01:10 | 00:01:14 | that it's impossible to believe someone |
| 00:01:12 | 00:01:16 | would go into business without them |
| 00:01:14 | 00:01:18 | for one thing sales can help you |
| 00:01:16 | 00:01:20 | convince other people |
| 00:01:18 | 00:01:21 | that your ideas make sense to them okay |
| 00:01:20 | 00:01:23 | so |
| 00:01:21 | 00:01:25 | you need to have the ability to persuade |
| 00:01:23 | 00:01:27 | potential clients to buy from you |
| 00:01:25 | 00:01:29 | by being able to communicate the |
| 00:01:27 | 00:01:31 | benefits of your product or service |
| 00:01:29 | 00:01:32 | being able to close a deal is not just |
| 00:01:31 | 00:01:34 | about selling |
| 00:01:32 | 00:01:36 | you need to be able to persuade staff to |
| 00:01:34 | 00:01:38 | join your company |
| 00:01:36 | 00:01:40 | vendors to give you a better deal and so |
| 00:01:38 | 00:01:42 | many other things in business |
| 00:01:40 | 00:01:44 | when it comes to negotiation the ability |
| 00:01:42 | 00:01:46 | to sell is the ability to communicate |
| 00:01:44 | 00:01:49 | by being a great salesperson you have |
| 00:01:46 | 00:01:51 | the ability to communicate your ideas |
| 00:01:49 | 00:01:54 | and strategies to the people that matter |
| 00:01:51 | 00:01:56 | in a way they can understand so learning |
| 00:01:54 | 00:01:58 | sales skills are important because |
| 00:01:56 | 00:02:00 | it teaches you to learn from rejection |
| 00:01:58 | 00:02:01 | when you're starting out you might get |
| 00:02:00 | 00:02:03 | told no |
| 00:02:01 | 00:02:04 | 99 of the time most people will give up |
| 00:02:03 | 00:02:06 | at this point |
| 00:02:04 | 00:02:08 | and if you want to get rich you need to |
| 00:02:06 | 00:02:10 | learn why people are saying no |
| 00:02:08 | 00:02:12 | and make changes to your approach |
| 00:02:10 | 00:02:12 | selling makes you a much better learner |
| 00:02:12 | 00:02:15 | as well |
| 00:02:12 | 00:02:17 | so sales is a pretty broad term and |
| 00:02:15 | 00:02:19 | there's a bunch of sub skills that |
| 00:02:17 | 00:02:20 | you're going to need to master |
| 00:02:19 | 00:02:23 | firstly learn the sub skill of |
| 00:02:20 | 00:02:25 | negotiating you need to learn the skill |
| 00:02:23 | 00:02:26 | of being able to evaluate and negotiate |
| 00:02:25 | 00:02:28 | deals |
| 00:02:26 | 00:02:29 | if you're going to get rich negotiation |
| 00:02:28 | 00:02:31 | at the end of the day |
| 00:02:29 | 00:02:32 | is about trying to find a way forward |
| 00:02:31 | 00:02:35 | between two parties |
| 00:02:32 | 00:02:36 | with somewhat different priorities so |
| 00:02:35 | 00:02:38 | for example |
| 00:02:36 | 00:02:40 | one great way you can learn negotiation |
| 00:02:38 | 00:02:41 | skills is with a really really simple |
| 00:02:40 | 00:02:43 | yet |
| 00:02:41 | 00:02:45 | uncomfortable exercise so i actually |
| 00:02:43 | 00:02:47 | used to have a friend that would do this |
| 00:02:45 | 00:02:47 | would go shopping and would come into |
| 00:02:47 | 00:02:49 | the store |
| 00:02:47 | 00:02:51 | and we'd be going to buy something and |
| 00:02:49 | 00:02:52 | he would say hey can i get a discount on |
| 00:02:51 | 00:02:54 | this |
| 00:02:52 | 00:02:56 | and it would just be in a normal store |
| 00:02:54 | 00:02:57 | where the prices are already set |
| 00:02:56 | 00:02:59 | and you would say this literally every |
| 00:02:57 | 00:03:01 | single time and i was like why are you |
| 00:02:59 | 00:03:02 | doing this why are you saying that |
| 00:03:01 | 00:03:04 | why are you asking for a discount when |
| 00:03:02 | 00:03:05 | there's no way they can possibly give |
| 00:03:04 | 00:03:06 | you a discount because they're not |
| 00:03:05 | 00:03:08 | decision maker and he said to me |
| 00:03:06 | 00:03:10 | well the reason i do it every single |
| 00:03:08 | 00:03:12 | time is i'm creating the habit |
| 00:03:10 | 00:03:14 | of asking for the discount so that i |
| 00:03:12 | 00:03:14 | always ask for a discount and then when |
| 00:03:14 | 00:03:16 | i |
| 00:03:14 | 00:03:18 | am in those situations where i can get |
| 00:03:16 | 00:03:20 | one i will get it because i asked |
| 00:03:18 | 00:03:22 | and that's what it comes down to it all |
| 00:03:20 | 00:03:24 | comes down to the skill and the habit |
| 00:03:22 | 00:03:25 | of negotiating in multiple circumstances |
| 00:03:24 | 00:03:28 | but it is |
| 00:03:25 | 00:03:29 | uncomfortable right negotiation is |
| 00:03:28 | 00:03:31 | uncomfortable because it can |
| 00:03:29 | 00:03:33 | create conflict and you can feel |
| 00:03:31 | 00:03:34 | resistance to it and that's why you need |
| 00:03:33 | 00:03:36 | to build the habit so |
| 00:03:34 | 00:03:38 | whenever you go into a shop from now on |
| 00:03:36 | 00:03:40 | i want you to try for the next week |
| 00:03:38 | 00:03:42 | try at least 10 times asking for a |
| 00:03:40 | 00:03:44 | discount on whatever you're buying |
| 00:03:42 | 00:03:46 | and see how it makes you feel see what |
| 00:03:44 | 00:03:47 | that uncomfortable feeling is and accept |
| 00:03:46 | 00:03:48 | that feeling |
| 00:03:47 | 00:03:50 | to help you move forward and build that |
| 00:03:48 | 00:03:53 | habit of being able to negotiate |
| 00:03:50 | 00:03:54 | now in business negotiation skills are |
| 00:03:53 | 00:03:56 | important in both |
| 00:03:54 | 00:03:58 | informal day-to-day interactions and |
| 00:03:56 | 00:04:00 | formal transactions such as negotiating |
| 00:03:58 | 00:04:02 | conditions of sale |
| 00:04:00 | 00:04:03 | lease service delivery and other legal |
| 00:04:02 | 00:04:05 | contracts |
| 00:04:03 | 00:04:06 | effective negotiation contributes |
| 00:04:05 | 00:04:08 | significantly |
| 00:04:06 | 00:04:10 | to business success by helping you build |
| 00:04:08 | 00:04:12 | better relationships |
| 00:04:10 | 00:04:14 | delivering lasting quality solutions |
| 00:04:12 | 00:04:16 | help you avoid future |
| 00:04:14 | 00:04:18 | problems and conflicts so negotiation |
| 00:04:16 | 00:04:20 | requires give and take |
| 00:04:18 | 00:04:21 | a good negotiation should leave each |
| 00:04:20 | 00:04:24 | party satisfied |
| 00:04:21 | 00:04:26 | and reuse business with each other again |
| 00:04:24 | 00:04:28 | secondly learn the sub-skill of |
| 00:04:26 | 00:04:30 | persistence and self-discipline |
| 00:04:28 | 00:04:32 | self-discipline is the ability to make |
| 00:04:30 | 00:04:34 | yourself do things that you need to do |
| 00:04:32 | 00:04:36 | and persistence is how you make sure you |
| 00:04:34 | 00:04:37 | keep at it over time |
| 00:04:36 | 00:04:39 | these two skills are probably the most |
| 00:04:37 | 00:04:41 | important in the world of sales |
| 00:04:39 | 00:04:43 | why well the reason for this is there |
| 00:04:41 | 00:04:45 | will be days when you don't feel like |
| 00:04:43 | 00:04:46 | picking up the phone and making those |
| 00:04:45 | 00:04:48 | calls |
| 00:04:46 | 00:04:50 | persistence is forcing yourself to have |
| 00:04:48 | 00:04:51 | the self-discipline to do what you need |
| 00:04:50 | 00:04:53 | to do |
| 00:04:51 | 00:04:54 | every day you want to do it whether or |
| 00:04:53 | 00:04:56 | not because you know it's going to give |
| 00:04:54 | 00:04:58 | you those results long term |
| 00:04:56 | 00:05:00 | self-discipline of assistance can give |
| 00:04:58 | 00:05:02 | you long-term benefits |
| 00:05:00 | 00:05:03 | not just in your career and business but |
| 00:05:02 | 00:05:06 | in your personal life too |
| 00:05:03 | 00:05:06 | such as self-confidence logical thinking |
| 00:05:06 | 00:05:09 | skills |
| 00:05:06 | 00:05:11 | critikal thinking skills self-control |
| 00:05:09 | 00:05:13 | resilience in the face of failure |
| 00:05:11 | 00:05:15 | and patience which are all super |
| 00:05:13 | 00:05:17 | important right so |
| 00:05:15 | 00:05:18 | the first skill you should master if you |
| 00:05:17 | 00:05:21 | want to get rich |
| 00:05:18 | 00:05:23 | is learn how to sell the second skill |
| 00:05:21 | 00:05:24 | that rich people have is public speaking |
| 00:05:23 | 00:05:27 | and communication skills |
| 00:05:24 | 00:05:29 | have you watched any ted toks lately |
| 00:05:27 | 00:05:32 | those people can't communicate right |
| 00:05:29 | 00:05:34 | public speaking is the number one fear |
| 00:05:32 | 00:05:36 | most people have in life and |
| 00:05:34 | 00:05:37 | the good news is anyone can be great at |
| 00:05:36 | 00:05:39 | it you might be |
| 00:05:37 | 00:05:41 | confused when i tell you in high school |
| 00:05:39 | 00:05:43 | i was terrified of public speaking i |
| 00:05:41 | 00:05:44 | never wanted to do those speeches that |
| 00:05:43 | 00:05:46 | you had to do in school |
| 00:05:44 | 00:05:48 | and i was always really really scared of |
| 00:05:46 | 00:05:50 | having to do them i kind of |
| 00:05:48 | 00:05:52 | fretted it going to school on the days |
| 00:05:50 | 00:05:52 | where i had to do those public speaking |
| 00:05:52 | 00:05:54 | gigs and |
| 00:05:52 | 00:05:56 | yeah it was terrible for me but by the |
| 00:05:54 | 00:05:58 | time i got into university |
| 00:05:56 | 00:05:59 | and i slowly practiked at it and i i was |
| 00:05:58 | 00:06:00 | in business school right so i was having |
| 00:05:59 | 00:06:02 | to do these |
| 00:06:00 | 00:06:03 | speeches in front of groups and provide |
| 00:06:02 | 00:06:05 | presentations and all of that |
| 00:06:03 | 00:06:07 | i slowly became more and more |
| 00:06:05 | 00:06:09 | comfortable at it and through that |
| 00:06:07 | 00:06:10 | desensitization now i love public |
| 00:06:09 | 00:06:11 | speaking and that's why |
| 00:06:10 | 00:06:13 | i'm doing these youtube videos all the |
| 00:06:11 | 00:06:13 | time speaking at events whatever it may |
| 00:06:13 | 00:06:16 | be |
| 00:06:13 | 00:06:18 | i love speaking now i hated it before so |
| 00:06:16 | 00:06:20 | it's not it's not like an ingrained |
| 00:06:18 | 00:06:21 | thing it's not who you are as a person |
| 00:06:20 | 00:06:23 | it can change you just need to |
| 00:06:21 | 00:06:24 | desensitize yourself once again like i |
| 00:06:23 | 00:06:26 | mentioned |
| 00:06:24 | 00:06:28 | in terms of negotiation tasks i gave you |
| 00:06:26 | 00:06:29 | guys earlier in the video right it's |
| 00:06:28 | 00:06:30 | just about desensitizing yourself and |
| 00:06:29 | 00:06:32 | eventually |
| 00:06:30 | 00:06:33 | building that habit and then you'll grow |
| 00:06:32 | 00:06:34 | to like it because once you see the |
| 00:06:33 | 00:06:36 | results |
| 00:06:34 | 00:06:38 | you want to do it again and again so the |
| 00:06:36 | 00:06:40 | good news is anyone can be great at it |
| 00:06:38 | 00:06:42 | most people get really self-conscious |
| 00:06:40 | 00:06:43 | about what other people think about them |
| 00:06:42 | 00:06:45 | or the way they look |
| 00:06:43 | 00:06:47 | they avoid having speak in public all |
| 00:06:45 | 00:06:48 | the large groups of people like all |
| 00:06:47 | 00:06:49 | skills it can be learned like i |
| 00:06:48 | 00:06:51 | mentioned |
| 00:06:49 | 00:06:53 | and you can master it did you know the |
| 00:06:51 | 00:06:55 | legendary investor warren buffett once |
| 00:06:53 | 00:06:57 | had a fear of public speaking |
| 00:06:55 | 00:06:59 | what he did was practike and practike |
| 00:06:57 | 00:07:01 | until he mastered it |
| 00:06:59 | 00:07:03 | now he stands up in front of thousands |
| 00:07:01 | 00:07:04 | of people a year at the annual berkshire |
| 00:07:03 | 00:07:06 | hathaway meeting |
| 00:07:04 | 00:07:07 | and gives his annual speech even if you |
| 00:07:06 | 00:07:09 | work online |
| 00:07:07 | 00:07:10 | there will still be times when you have |
| 00:07:09 | 00:07:12 | to speak to an audience you might not |
| 00:07:10 | 00:07:14 | become as physically nervous |
| 00:07:12 | 00:07:16 | since you're sitting behind a computer |
| 00:07:14 | 00:07:16 | screen but the ability to speak and |
| 00:07:16 | 00:07:18 | communicate |
| 00:07:16 | 00:07:19 | to a group of people is a skill that you |
| 00:07:18 | 00:07:21 | need to master |
| 00:07:19 | 00:07:23 | so here are my top tips to become a |
| 00:07:21 | 00:07:25 | better public speaker be prepared to |
| 00:07:23 | 00:07:26 | overcome nervousness |
| 00:07:25 | 00:07:28 | a lot of people will tell you that |
| 00:07:26 | 00:07:29 | they're comfortable toking with large |
| 00:07:28 | 00:07:31 | groups |
| 00:07:29 | 00:07:32 | about things they know about so be |
| 00:07:31 | 00:07:33 | prepared and make sure you know your |
| 00:07:32 | 00:07:35 | stuff |
| 00:07:33 | 00:07:38 | it's completely normal to feel some |
| 00:07:35 | 00:07:38 | physiological reactions like a pounding |
| 00:07:38 | 00:07:40 | heart and |
| 00:07:38 | 00:07:42 | trembling hands when you have to tok in |
| 00:07:40 | 00:07:43 | front of a large group especially for |
| 00:07:42 | 00:07:44 | the first time i was |
| 00:07:43 | 00:07:46 | i was nervous doing these public |
| 00:07:44 | 00:07:48 | speeches in high school so |
| 00:07:46 | 00:07:50 | and i'm doing these videos all the time |
| 00:07:48 | 00:07:52 | and i love them so what you want to do |
| 00:07:50 | 00:07:54 | though is recognize these feelings and |
| 00:07:52 | 00:07:55 | separate them from the sense that you'll |
| 00:07:54 | 00:07:58 | perform badly or |
| 00:07:55 | 00:07:59 | make a fool of yourself except that some |
| 00:07:58 | 00:08:01 | nerves are good for you |
| 00:07:59 | 00:08:02 | and the adrenaline rush that makes you |
| 00:08:01 | 00:08:05 | sweat and heart race |
| 00:08:02 | 00:08:07 | also makes you more alert zoned in and |
| 00:08:05 | 00:08:09 | ready to give your best performance |
| 00:08:07 | 00:08:11 | the best way to overcome anxiety is to |
| 00:08:09 | 00:08:13 | prepare prepare prepare |
| 00:08:11 | 00:08:15 | and then prepare some more take the time |
| 00:08:13 | 00:08:17 | to go over your notes several times |
| 00:08:15 | 00:08:19 | keep everything in order find a natural |
| 00:08:17 | 00:08:21 | rhythm and practike your timing |
| 00:08:19 | 00:08:23 | once you've become comfortable with the |
| 00:08:21 | 00:08:26 | material practike a lot |
| 00:08:23 | 00:08:27 | and one thing you can do is get a friend |
| 00:08:26 | 00:08:29 | to give you feedback |
| 00:08:27 | 00:08:31 | or video yourself and watch yourself to |
| 00:08:29 | 00:08:33 | see where you can improve |
| 00:08:31 | 00:08:35 | now number two is know your audience |
| 00:08:33 | 00:08:38 | before you begin to craft your message |
| 00:08:35 | 00:08:39 | consider who the message is intended for |
| 00:08:38 | 00:08:41 | learn as much |
| 00:08:39 | 00:08:42 | about your listeners as you can and this |
| 00:08:41 | 00:08:45 | is going to help you craft a relevant |
| 00:08:42 | 00:08:47 | engaging presentation if you get stuck |
| 00:08:45 | 00:08:47 | find other things your audience listens |
| 00:08:47 | 00:08:49 | to |
| 00:08:47 | 00:08:51 | and mimic that style so you can be |
| 00:08:49 | 00:08:53 | confident you're hitting the right |
| 00:08:51 | 00:08:55 | tone for your audience number three is |
| 00:08:53 | 00:08:57 | know your purpose |
| 00:08:55 | 00:08:58 | create the framework for your speech |
| 00:08:57 | 00:09:00 | write down the topic |
| 00:08:58 | 00:09:01 | and the general purpose specific purpose |
| 00:09:00 | 00:09:03 | central idea |
| 00:09:01 | 00:09:05 | and main points make sure to grab the |
| 00:09:03 | 00:09:06 | audience's attention in the first 30 |
| 00:09:05 | 00:09:08 | seconds |
| 00:09:06 | 00:09:10 | and for inspiration you know you could |
| 00:09:08 | 00:09:11 | watch the first 30 seconds of 10 ted |
| 00:09:10 | 00:09:12 | toks |
| 00:09:11 | 00:09:14 | to see how they grab the audience's |
| 00:09:12 | 00:09:16 | attention quickly and then build their |
| 00:09:14 | 00:09:19 | toks around that |
| 00:09:16 | 00:09:19 | number four ask for feedback keep the |
| 00:09:19 | 00:09:22 | focus |
| 00:09:19 | 00:09:23 | on the audience gouge their reactions |
| 00:09:22 | 00:09:25 | adjust your message |
| 00:09:23 | 00:09:27 | and stay flexible delivering a poor |
| 00:09:25 | 00:09:28 | speech will guarantee you that you lose |
| 00:09:27 | 00:09:30 | their attention |
| 00:09:28 | 00:09:32 | or confuse even the most devoted |
| 00:09:30 | 00:09:34 | listeners you can also practike your |
| 00:09:32 | 00:09:35 | public speaking skills in front of |
| 00:09:34 | 00:09:37 | friends and family |
| 00:09:35 | 00:09:38 | so that they can give you feedback |
| 00:09:37 | 00:09:40 | before you give a speech |
| 00:09:38 | 00:09:42 | another way to ease into something is |
| 00:09:40 | 00:09:44 | using something like meet up to find a |
| 00:09:42 | 00:09:46 | smaller group of your target audience |
| 00:09:44 | 00:09:48 | and practike in a more realistik but |
| 00:09:46 | 00:09:50 | less intimidating setting number five |
| 00:09:48 | 00:09:52 | don't be afraid to be yourself you know |
| 00:09:50 | 00:09:54 | be yourself don't become a toking head |
| 00:09:52 | 00:09:56 | in any type of communication |
| 00:09:54 | 00:09:58 | you'll establish better credibility if |
| 00:09:56 | 00:09:59 | you let your personality shine through |
| 00:09:58 | 00:10:01 | your audience will trust what you have |
| 00:09:59 | 00:10:02 | to say and they can see that you're a |
| 00:10:01 | 00:10:05 | real person at the end of the day |
| 00:10:02 | 00:10:06 | next be a storyteller make sure you have |
| 00:10:05 | 00:10:08 | a beginning a middle |
| 00:10:06 | 00:10:09 | and an end start your speech with an |
| 00:10:08 | 00:10:12 | interesting anecdote |
| 00:10:09 | 00:10:13 | to get your audience's attention and go |
| 00:10:12 | 00:10:15 | through the key points |
| 00:10:13 | 00:10:16 | you're trying to make then conclude with |
| 00:10:15 | 00:10:18 | a summary |
| 00:10:16 | 00:10:20 | and a strong statement your audience is |
| 00:10:18 | 00:10:22 | sure to remember number seven don't rely |
| 00:10:20 | 00:10:23 | on powerpoint powerpoint can break the |
| 00:10:22 | 00:10:24 | direct connection you have with the |
| 00:10:23 | 00:10:26 | audience so |
| 00:10:24 | 00:10:28 | don't rely on it too much simple |
| 00:10:26 | 00:10:30 | pictures that capture the gist of what |
| 00:10:28 | 00:10:32 | you're saying is an effective way |
| 00:10:30 | 00:10:34 | of keeping yourself on track while |
| 00:10:32 | 00:10:36 | keeping the audience focused on you |
| 00:10:34 | 00:10:38 | the thing is guys effective |
| 00:10:36 | 00:10:38 | communication is never going to be |
| 00:10:38 | 00:10:41 | perfect |
| 00:10:38 | 00:10:43 | and nobody expects it to be however |
| 00:10:41 | 00:10:43 | putting in the time and effort to |
| 00:10:43 | 00:10:45 | prepare |
| 00:10:43 | 00:10:47 | will help you become a better public |
| 00:10:45 | 00:10:50 | speaker and this will help you become |
| 00:10:47 | 00:10:52 | successful and rich over the long term |
| 00:10:50 | 00:10:53 | the next skill rich people have is the |
| 00:10:52 | 00:10:55 | ability to communicate well |
| 00:10:53 | 00:10:57 | with words this isn't so much about |
| 00:10:55 | 00:10:58 | knowing all of the rules of grammar or |
| 00:10:57 | 00:11:00 | having a big vocabulary |
| 00:10:58 | 00:11:02 | hey most native speakers of english |
| 00:11:00 | 00:11:04 | don't even know the rules of grammar but |
| 00:11:02 | 00:11:06 | what i'm toking about here is being |
| 00:11:04 | 00:11:08 | able to write well enough that you can |
| 00:11:06 | 00:11:09 | persuade someone to do something |
| 00:11:08 | 00:11:12 | communicating through writing is a key |
| 00:11:09 | 00:11:14 | skill communication can take many forms |
| 00:11:12 | 00:11:16 | such as video speaking phone calls |
| 00:11:14 | 00:11:18 | illustration |
| 00:11:16 | 00:11:20 | texting email signage advertising |
| 00:11:18 | 00:11:22 | toking publicity |
| 00:11:20 | 00:11:23 | and so many others doing any of these |
| 00:11:22 | 00:11:26 | well |
| 00:11:23 | 00:11:28 | requires good writing skills why because |
| 00:11:26 | 00:11:28 | good writing is fundamentally good |
| 00:11:28 | 00:11:31 | thinking |
| 00:11:28 | 00:11:33 | writing out what you want to communicate |
| 00:11:31 | 00:11:36 | forces you to organize your thoughts |
| 00:11:33 | 00:11:36 | and think about your audience now of |
| 00:11:36 | 00:11:39 | course |
| 00:11:36 | 00:11:40 | good writing is more than just logic on |
| 00:11:39 | 00:11:42 | a piece of paper |
| 00:11:40 | 00:11:44 | that would be seriously boring right |
| 00:11:42 | 00:11:46 | your writing needs to touch the reader |
| 00:11:44 | 00:11:48 | listener or viewer emotionally |
| 00:11:46 | 00:11:50 | otherwise you won't drive the behavior |
| 00:11:48 | 00:11:52 | around what you're trying to create |
| 00:11:50 | 00:11:54 | what makes a good writer then personally |
| 00:11:52 | 00:11:57 | i found the best writers think clearly |
| 00:11:54 | 00:11:58 | it is impossible to write well without |
| 00:11:57 | 00:12:00 | thinking clearly |
| 00:11:58 | 00:12:02 | you need to understand what you want to |
| 00:12:00 | 00:12:03 | say and be able to explain it in an |
| 00:12:02 | 00:12:05 | ordered way it doesn't matter if you're |
| 00:12:03 | 00:12:07 | the smartest person in the room |
| 00:12:05 | 00:12:08 | if you can't communicate clearly you |
| 00:12:07 | 00:12:10 | won't be able to write clearly |
| 00:12:08 | 00:12:12 | if you're crafting a sales email make |
| 00:12:10 | 00:12:13 | sure you're clear about what you're |
| 00:12:12 | 00:12:15 | trying to get across |
| 00:12:13 | 00:12:17 | and what action you want the recipient |
| 00:12:15 | 00:12:18 | to make use correct grammar and spelling |
| 00:12:17 | 00:12:20 | make sure that you know at least the |
| 00:12:18 | 00:12:22 | basic grammar rules and use a service |
| 00:12:20 | 00:12:24 | like grammarly if you need to |
| 00:12:22 | 00:12:26 | some styles of writing for instance use |
| 00:12:24 | 00:12:28 | the active voice which is more |
| 00:12:26 | 00:12:29 | punchy and can capture attention but |
| 00:12:28 | 00:12:31 | sometimes |
| 00:12:29 | 00:12:33 | sounds too direct make an effort to |
| 00:12:31 | 00:12:35 | learn about how experts write well |
| 00:12:33 | 00:12:37 | so you can too you can even go out there |
| 00:12:35 | 00:12:39 | and write out things yourself from |
| 00:12:37 | 00:12:39 | experts and then you'll get better over |
| 00:12:39 | 00:12:42 | time |
| 00:12:39 | 00:12:42 | being curious leads you to read widely |
| 00:12:42 | 00:12:44 | and that makes you |
| 00:12:42 | 00:12:46 | observe the world around you so you need |
| 00:12:44 | 00:12:48 | to be curious to become a good writer |
| 00:12:46 | 00:12:49 | ask questions and seek out people who |
| 00:12:48 | 00:12:51 | know things you don't |
| 00:12:49 | 00:12:53 | make a decision to become a lifelong |
| 00:12:51 | 00:12:53 | learner and you'll continually improve |
| 00:12:53 | 00:12:55 | your writing |
| 00:12:53 | 00:12:57 | you also learn what moves people to take |
| 00:12:55 | 00:12:59 | action and you'll gain |
| 00:12:57 | 00:13:00 | confidence toking to a wider range of |
| 00:12:59 | 00:13:03 | people about anything |
| 00:13:00 | 00:13:04 | next have empathy having a lack of |
| 00:13:03 | 00:13:06 | empathy for others |
| 00:13:04 | 00:13:07 | especially for the reader makes for |
| 00:13:06 | 00:13:09 | pretty terrible writing so |
| 00:13:07 | 00:13:11 | to be a good writer you have to get |
| 00:13:09 | 00:13:11 | inside the heads and hearts of your |
| 00:13:11 | 00:13:13 | reader |
| 00:13:11 | 00:13:15 | figure out what they want and write |
| 00:13:13 | 00:13:16 | beautifully to meet their needs |
| 00:13:15 | 00:13:18 | that's the difference between writing |
| 00:13:16 | 00:13:21 | for you and writing for your audience |
| 00:13:18 | 00:13:22 | next you need to be succinct your reader |
| 00:13:21 | 00:13:23 | will appreciate it when you nail the |
| 00:13:22 | 00:13:25 | point quickly |
| 00:13:23 | 00:13:26 | good writing never uses three words when |
| 00:13:25 | 00:13:28 | you can use one |
| 00:13:26 | 00:13:30 | don't say the same thing twice in a |
| 00:13:28 | 00:13:31 | different way just to sound smart or to |
| 00:13:30 | 00:13:33 | fill space |
| 00:13:31 | 00:13:35 | unless there's a really good reason |
| 00:13:33 | 00:13:37 | stik to simple words thinking clearly |
| 00:13:35 | 00:13:39 | it's fundamental to success in business |
| 00:13:37 | 00:13:40 | and learning how to write well |
| 00:13:39 | 00:13:42 | will teach you how to think in a |
| 00:13:40 | 00:13:44 | disciplined and ordered way |
| 00:13:42 | 00:13:46 | for my money guys it's one of the best |
| 00:13:44 | 00:13:47 | skills you could have to get rich |
| 00:13:46 | 00:13:49 | and the next skill i want to highlight |
| 00:13:47 | 00:13:51 | is leadership skills |
| 00:13:49 | 00:13:52 | in order to be an effective leader |
| 00:13:51 | 00:13:53 | you've got to be an effective |
| 00:13:52 | 00:13:56 | communicator |
| 00:13:53 | 00:13:57 | business is fundamentally about getting |
| 00:13:56 | 00:13:59 | other people to do things |
| 00:13:57 | 00:14:02 | this could be getting employees to be |
| 00:13:59 | 00:14:03 | productive customers to buy your product |
| 00:14:02 | 00:14:05 | or service |
| 00:14:03 | 00:14:06 | or getting vendors to give you a good |
| 00:14:05 | 00:14:08 | deal leaders bring out the best in their |
| 00:14:06 | 00:14:10 | teams they develop people |
| 00:14:08 | 00:14:11 | they take others to the top with them |
| 00:14:10 | 00:14:13 | your leadership skills determine if your |
| 00:14:11 | 00:14:14 | team fails or succeeds |
| 00:14:13 | 00:14:17 | and there are no bad teams only bad |
| 00:14:14 | 00:14:18 | leaders effective leadership is a skill |
| 00:14:17 | 00:14:20 | you need to get rich |
| 00:14:18 | 00:14:21 | and if being rich is your goal you have |
| 00:14:20 | 00:14:22 | to be able to count on others to run |
| 00:14:21 | 00:14:24 | things for you |
| 00:14:22 | 00:14:26 | which means you need to systemize |
| 00:14:24 | 00:14:28 | outsource and delegate |
| 00:14:26 | 00:14:30 | motivating and empowering your team to |
| 00:14:28 | 00:14:31 | handle everything will lead you |
| 00:14:30 | 00:14:33 | remove yourself from the picture which |
| 00:14:31 | 00:14:35 | is what we all want to get that freedom |
| 00:14:33 | 00:14:37 | and when your business can run smoothly |
| 00:14:35 | 00:14:38 | without your involvement |
| 00:14:37 | 00:14:40 | you'll know you've achieved a high level |
| 00:14:38 | 00:14:42 | of leadership and you can enjoy a life |
| 00:14:40 | 00:14:44 | of freedom and choice |
| 00:14:42 | 00:14:45 | why leadership matters well leadership |
| 00:14:44 | 00:14:47 | matters |
| 00:14:45 | 00:14:48 | because it creates an environment of |
| 00:14:47 | 00:14:51 | safety creativity |
| 00:14:48 | 00:14:53 | and positivity people enjoy working |
| 00:14:51 | 00:14:55 | together and feel a sense of loyalty and |
| 00:14:53 | 00:14:56 | belonging morale and trust go up in your |
| 00:14:55 | 00:14:58 | business |
| 00:14:56 | 00:14:59 | team members know what's going on what |
| 00:14:58 | 00:15:01 | everyone's role is |
| 00:14:59 | 00:15:03 | and they can access and share |
| 00:15:01 | 00:15:03 | information as needed to get the job |
| 00:15:03 | 00:15:05 | done |
| 00:15:03 | 00:15:07 | when people feel appreciated and |
| 00:15:05 | 00:15:10 | included they're more engaged |
| 00:15:07 | 00:15:12 | productivity goes up and costs go down |
| 00:15:10 | 00:15:12 | what this leads to guys is higher |
| 00:15:12 | 00:15:14 | profits |
| 00:15:12 | 00:15:16 | and bigger growth for your business |
| 00:15:14 | 00:15:18 | whatever you're hoping to gain |
| 00:15:16 | 00:15:20 | great leadership will help you get more |
| 00:15:18 | 00:15:22 | out of it that can include reputation |
| 00:15:20 | 00:15:24 | good will and new opportunities and |
| 00:15:22 | 00:15:25 | great leaders take an active interest in |
| 00:15:24 | 00:15:27 | their people |
| 00:15:25 | 00:15:29 | in turn their people take an interest in |
| 00:15:27 | 00:15:30 | them as well which means they take an |
| 00:15:29 | 00:15:32 | interest in the businesses success |
| 00:15:30 | 00:15:34 | it's a win-win and a key skill you'll |
| 00:15:32 | 00:15:36 | struggle to get rich without developing |
| 00:15:34 | 00:15:38 | some good leadership skills to develop |
| 00:15:36 | 00:15:40 | are open and clear communication |
| 00:15:38 | 00:15:42 | we've touched on this a lot already in |
| 00:15:40 | 00:15:43 | this video but effective leaders are |
| 00:15:42 | 00:15:45 | master communicators |
| 00:15:43 | 00:15:48 | they're assertive about their views and |
| 00:15:45 | 00:15:48 | ideas and they use clear and specific |
| 00:15:48 | 00:15:50 | language |
| 00:15:48 | 00:15:52 | to make sure that they're understood |
| 00:15:50 | 00:15:53 | secondly a really |
| 00:15:52 | 00:15:55 | important point here is that they know |
| 00:15:53 | 00:15:56 | they don't have all the answers and |
| 00:15:55 | 00:15:58 | they're comfortable with that |
| 00:15:56 | 00:16:00 | they surround themselves with smart |
| 00:15:58 | 00:16:01 | people they don't mind being the dumbest |
| 00:16:00 | 00:16:03 | person in the room good leaders also |
| 00:16:01 | 00:16:05 | remain comfortable remain approachable |
| 00:16:03 | 00:16:07 | so people feel comfortable offering |
| 00:16:05 | 00:16:08 | their great ideas top leaders know they |
| 00:16:07 | 00:16:11 | have two ears and one mouth |
| 00:16:08 | 00:16:12 | and use them in proportion have laser |
| 00:16:11 | 00:16:14 | focus and prioritize |
| 00:16:12 | 00:16:16 | some of the greatest business |
| 00:16:14 | 00:16:17 | turnarounds of all time have happened |
| 00:16:16 | 00:16:20 | because new leaders came in |
| 00:16:17 | 00:16:23 | and refocused the company efforts when |
| 00:16:20 | 00:16:25 | steve jobs rejoined apple in 1997 |
| 00:16:23 | 00:16:26 | he cancelled most of their product line |
| 00:16:25 | 00:16:28 | the company was on the verge of |
| 00:16:26 | 00:16:30 | bankruptcy when jobs took over |
| 00:16:28 | 00:16:31 | and he settled on a new path because he |
| 00:16:30 | 00:16:33 | reset their focus |
| 00:16:31 | 00:16:35 | next have integrity leaders with |
| 00:16:33 | 00:16:37 | integrity elicit more trust and serve as |
| 00:16:35 | 00:16:39 | role models for their teams |
| 00:16:37 | 00:16:40 | working with integrity means being |
| 00:16:39 | 00:16:42 | honest with yourself |
| 00:16:40 | 00:16:44 | and the people you work with you focus |
| 00:16:42 | 00:16:46 | on your strengths |
| 00:16:44 | 00:16:47 | and know your limits you own your own |
| 00:16:46 | 00:16:49 | mistakes and |
| 00:16:47 | 00:16:51 | it also means having some transparency |
| 00:16:49 | 00:16:54 | about yourself and your business |
| 00:16:51 | 00:16:55 | appreciate and encourage people people |
| 00:16:54 | 00:16:58 | don't just like appreciation |
| 00:16:55 | 00:16:59 | they hunger for it if you can give it to |
| 00:16:58 | 00:17:01 | them in an honest way |
| 00:16:59 | 00:17:03 | they'll like and trust you more they'll |
| 00:17:01 | 00:17:05 | be more willing to listen |
| 00:17:03 | 00:17:06 | and they'll do better work at the end of |
| 00:17:05 | 00:17:08 | the day you need to motivate people and |
| 00:17:06 | 00:17:09 | have accountability |
| 00:17:08 | 00:17:11 | praise and appreciation can go a long |
| 00:17:09 | 00:17:13 | way in motivating people but |
| 00:17:11 | 00:17:14 | what about when people make mistakes or |
| 00:17:13 | 00:17:16 | don't follow through |
| 00:17:14 | 00:17:17 | effective leaders know how to hold |
| 00:17:16 | 00:17:19 | people accountable with open honest and |
| 00:17:17 | 00:17:20 | constructive feedback |
| 00:17:19 | 00:17:22 | great leaders also keep themselves |
| 00:17:20 | 00:17:24 | accountable to their team |
| 00:17:22 | 00:17:25 | they live up to the same standards or |
| 00:17:24 | 00:17:27 | hire and they make sure they hold others |
| 00:17:25 | 00:17:28 | to those standards |
| 00:17:27 | 00:17:31 | next you need to learn how to manage |
| 00:17:28 | 00:17:33 | challenges any change within a business |
| 00:17:31 | 00:17:35 | or the market can create challenges |
| 00:17:33 | 00:17:37 | and it's inevitable in business |
| 00:17:35 | 00:17:37 | sometimes despite great planning and |
| 00:17:37 | 00:17:40 | great effort |
| 00:17:37 | 00:17:42 | results just don't materialize effective |
| 00:17:40 | 00:17:42 | leaders don't freak out when things go |
| 00:17:42 | 00:17:44 | wrong |
| 00:17:42 | 00:17:46 | they maintain a positive presence and |
| 00:17:44 | 00:17:48 | work to turn problems |
| 00:17:46 | 00:17:49 | into opportunities they also defuse |
| 00:17:48 | 00:17:51 | conflicts among their teams |
| 00:17:49 | 00:17:53 | which can crop up when people have |
| 00:17:51 | 00:17:55 | different views or working styles |
| 00:17:53 | 00:17:56 | next as a good leader you need to |
| 00:17:55 | 00:17:58 | embrace innovation |
| 00:17:56 | 00:18:00 | if you want your organization to grow |
| 00:17:58 | 00:18:02 | you have to embrace innovation |
| 00:18:00 | 00:18:04 | leaders who foster it reap huge rewards |
| 00:18:02 | 00:18:05 | and ensure the sustainability of the |
| 00:18:04 | 00:18:07 | enterprise |
| 00:18:05 | 00:18:09 | but on the flip side new ideas need |
| 00:18:07 | 00:18:11 | testing before lots of resources can get |
| 00:18:09 | 00:18:13 | allocated to them so |
| 00:18:11 | 00:18:14 | if you want to become rich learn to |
| 00:18:13 | 00:18:16 | become a good leader |
| 00:18:14 | 00:18:18 | rich people also know the value of |
| 00:18:16 | 00:18:20 | organizing their time |
| 00:18:18 | 00:18:21 | good time management leads to improved |
| 00:18:20 | 00:18:23 | efficiency |
| 00:18:21 | 00:18:25 | and productivity you're also going to |
| 00:18:23 | 00:18:26 | have less stress and more success in |
| 00:18:25 | 00:18:28 | life so |
| 00:18:26 | 00:18:29 | we only have 24 hours in a day right |
| 00:18:28 | 00:18:31 | seven days a week |
| 00:18:29 | 00:18:32 | and 365 days a year we actually can't |
| 00:18:31 | 00:18:35 | manage time because |
| 00:18:32 | 00:18:37 | we all have the same amounts of it right |
| 00:18:35 | 00:18:38 | what we can manage however are |
| 00:18:37 | 00:18:40 | priorities |
| 00:18:38 | 00:18:41 | think about these questions for a second |
| 00:18:40 | 00:18:43 | what are the most |
| 00:18:41 | 00:18:45 | important things you have to focus on |
| 00:18:43 | 00:18:47 | what are the things that will move the |
| 00:18:45 | 00:18:49 | needle of your success |
| 00:18:47 | 00:18:50 | what will get you closer to your goals |
| 00:18:49 | 00:18:52 | time management |
| 00:18:50 | 00:18:53 | is a skill that is never taught to you |
| 00:18:52 | 00:18:55 | at school or university |
| 00:18:53 | 00:18:57 | you have to learn it yourself here are |
| 00:18:55 | 00:18:58 | some benefits of managing time |
| 00:18:57 | 00:19:00 | effectively |
| 00:18:58 | 00:19:02 | first of all stress release making and |
| 00:19:00 | 00:19:03 | following a task schedule reduces |
| 00:19:02 | 00:19:05 | anxiety |
| 00:19:03 | 00:19:06 | as you check off items on your to-do |
| 00:19:05 | 00:19:08 | list you can see that you're making |
| 00:19:06 | 00:19:10 | tangible progress |
| 00:19:08 | 00:19:11 | this helps you avoid feeling stressed |
| 00:19:10 | 00:19:12 | out about whether you're getting things |
| 00:19:11 | 00:19:14 | done |
| 00:19:12 | 00:19:15 | you'll have more time so good time |
| 00:19:14 | 00:19:17 | management gives you extra time to spend |
| 00:19:15 | 00:19:19 | in your daily life |
| 00:19:17 | 00:19:20 | people who can manage time effectively |
| 00:19:19 | 00:19:22 | enjoy having more time to spend on |
| 00:19:20 | 00:19:23 | hobbies or |
| 00:19:22 | 00:19:25 | other personal activities you're also |
| 00:19:23 | 00:19:27 | going to have more opportunities |
| 00:19:25 | 00:19:29 | managing time well leads to more |
| 00:19:27 | 00:19:30 | opportunities and less time wasted on |
| 00:19:29 | 00:19:33 | the trivial stuff |
| 00:19:30 | 00:19:34 | good time management skills are key if |
| 00:19:33 | 00:19:36 | you want to manage and grow |
| 00:19:34 | 00:19:38 | and have a successful business you have |
| 00:19:36 | 00:19:40 | the ability to achieve |
| 00:19:38 | 00:19:41 | goals if you manage your time well |
| 00:19:40 | 00:19:42 | individuals who practike good time |
| 00:19:41 | 00:19:44 | management |
| 00:19:42 | 00:19:46 | can better achieve goals and objectives |
| 00:19:44 | 00:19:47 | and get them done in a shorter length of |
| 00:19:46 | 00:19:49 | time |
| 00:19:47 | 00:19:51 | they set goals that are achievable and |
| 00:19:49 | 00:19:54 | measurable and prioritize |
| 00:19:51 | 00:19:55 | tasks based on importance and urgency |
| 00:19:54 | 00:19:56 | here's how to increase the number of |
| 00:19:55 | 00:19:59 | goals that you have |
| 00:19:56 | 00:20:01 | first set a time limit to complete a |
| 00:19:59 | 00:20:02 | task setting time constraints for |
| 00:20:01 | 00:20:04 | completing tasks |
| 00:20:02 | 00:20:06 | helps you be more focused and efficient |
| 00:20:04 | 00:20:08 | making the small extra effort to decide |
| 00:20:06 | 00:20:09 | on how much time you need to allow for |
| 00:20:08 | 00:20:11 | each task |
| 00:20:09 | 00:20:13 | helps you recognize potential problems |
| 00:20:11 | 00:20:15 | before they arise |
| 00:20:13 | 00:20:16 | that way you can make plans for dealing |
| 00:20:15 | 00:20:18 | with them also |
| 00:20:16 | 00:20:20 | take a break between tasks when you're |
| 00:20:18 | 00:20:22 | doing a lot of tasks without a break |
| 00:20:20 | 00:20:25 | it is harder to stay focused and |
| 00:20:22 | 00:20:25 | motivated allow some down time between |
| 00:20:25 | 00:20:28 | tasks |
| 00:20:25 | 00:20:29 | to clear your head and refresh yourself |
| 00:20:28 | 00:20:32 | consider grabbing a brief nap |
| 00:20:29 | 00:20:33 | going for a short walk or meditating |
| 00:20:32 | 00:20:35 | also |
| 00:20:33 | 00:20:36 | organize yourself you know utilize your |
| 00:20:35 | 00:20:37 | calendar for more long-term time |
| 00:20:36 | 00:20:39 | management |
| 00:20:37 | 00:20:41 | write down the deadlines for projects or |
| 00:20:39 | 00:20:43 | for tasks that are part of completing |
| 00:20:41 | 00:20:45 | the overall project |
| 00:20:43 | 00:20:47 | and think about which days might be best |
| 00:20:45 | 00:20:49 | dedicated to specific tasks |
| 00:20:47 | 00:20:51 | also you need to remove non-essential |
| 00:20:49 | 00:20:53 | tasks and activities like |
| 00:20:51 | 00:20:54 | focus on what's important and remove |
| 00:20:53 | 00:20:55 | excess activities |
| 00:20:54 | 00:20:58 | decide on what's significant and |
| 00:20:55 | 00:20:58 | deserves your time and remove anything |
| 00:20:58 | 00:21:00 | else |
| 00:20:58 | 00:21:02 | removing non-essential tasks or |
| 00:21:00 | 00:21:04 | activities frees up more of your time to |
| 00:21:02 | 00:21:07 | be spent on generally important things |
| 00:21:04 | 00:21:08 | that add value to your business and life |
| 00:21:07 | 00:21:10 | also |
| 00:21:08 | 00:21:12 | you need to plan ahead guys make sure |
| 00:21:10 | 00:21:13 | you start every day |
| 00:21:12 | 00:21:15 | with a clear idea of what you need to |
| 00:21:13 | 00:21:17 | get done make it a habit |
| 00:21:15 | 00:21:19 | at the end of each work day to write |
| 00:21:17 | 00:21:21 | your to-do list for the next day |
| 00:21:19 | 00:21:23 | that way you can hit the ground running |
| 00:21:21 | 00:21:25 | the next morning so the key takeaway |
| 00:21:23 | 00:21:26 | here guys is that good time management |
| 00:21:25 | 00:21:28 | is an essential skill that rich people |
| 00:21:26 | 00:21:31 | learn develop and master |
| 00:21:28 | 00:21:32 | and you can too another skill that all |
| 00:21:31 | 00:21:34 | rich people have |
| 00:21:32 | 00:21:36 | not many average people have is the |
| 00:21:34 | 00:21:37 | ability to read and understand financial |
| 00:21:36 | 00:21:40 | statements in the business world |
| 00:21:37 | 00:21:41 | we rely on financial statements guys |
| 00:21:40 | 00:21:42 | they tell us how well we're doing |
| 00:21:41 | 00:21:44 | financially |
| 00:21:42 | 00:21:45 | and a financial statement is basically |
| 00:21:44 | 00:21:47 | like a scorecard |
| 00:21:45 | 00:21:48 | they show you how well you're managing |
| 00:21:47 | 00:21:49 | your money how well your business is |
| 00:21:48 | 00:21:51 | doing |
| 00:21:49 | 00:21:52 | and i hear so often but i'm not an |
| 00:21:51 | 00:21:54 | accountant i know so many business |
| 00:21:52 | 00:21:56 | owners that don't manage their finances |
| 00:21:54 | 00:21:58 | and their business goes down so you |
| 00:21:56 | 00:22:00 | don't need to be an accountant guys |
| 00:21:58 | 00:22:01 | you just need to understand the language |
| 00:22:00 | 00:22:03 | of money financial literacy |
| 00:22:01 | 00:22:05 | is the language of money to understand |
| 00:22:03 | 00:22:06 | how money works you have to be familiar |
| 00:22:05 | 00:22:08 | with balance sheets |
| 00:22:06 | 00:22:10 | income statement cash flow statement and |
| 00:22:08 | 00:22:12 | so on you can figure all this out with a |
| 00:22:10 | 00:22:13 | simple google search |
| 00:22:12 | 00:22:15 | and if you have no financial literacy |
| 00:22:13 | 00:22:17 | you'll look at the numbers on the paper |
| 00:22:15 | 00:22:19 | and simply have no idea what's going on |
| 00:22:17 | 00:22:20 | in your business how crazy is that not |
| 00:22:19 | 00:22:23 | understanding you know so |
| 00:22:20 | 00:22:24 | if you don't speak the language of money |
| 00:22:23 | 00:22:26 | how can you be clear |
| 00:22:24 | 00:22:28 | on how well you're doing financially |
| 00:22:26 | 00:22:30 | that's why financial literacy |
| 00:22:28 | 00:22:32 | is such an important skill you really |
| 00:22:30 | 00:22:33 | need to level up just like understanding |
| 00:22:32 | 00:22:34 | your personal health it's about your |
| 00:22:33 | 00:22:36 | business health |
| 00:22:34 | 00:22:38 | and ideally master right if you want to |
| 00:22:36 | 00:22:38 | be rich you're going to need to master |
| 00:22:38 | 00:22:40 | it so |
| 00:22:38 | 00:22:42 | i want to highlight one really important |
| 00:22:40 | 00:22:44 | financial concept to understand |
| 00:22:42 | 00:22:46 | and that is leverage leverages the |
| 00:22:44 | 00:22:47 | ability to control a lot |
| 00:22:46 | 00:22:50 | with just a little it gives you the |
| 00:22:47 | 00:22:51 | ability to utilize more than just you |
| 00:22:50 | 00:22:53 | so through leverage you can affect |
| 00:22:51 | 00:22:55 | change much more rapidly |
| 00:22:53 | 00:22:57 | leverage equals speed the more leverage |
| 00:22:55 | 00:22:58 | you have the faster your journey to |
| 00:22:57 | 00:23:00 | wealth |
| 00:22:58 | 00:23:02 | a common misconception is that leverage |
| 00:23:00 | 00:23:04 | refers only to borrowing money |
| 00:23:02 | 00:23:06 | leverage is so much more than just |
| 00:23:04 | 00:23:09 | borrowed money leverage can also be when |
| 00:23:06 | 00:23:09 | you hire staff to help manage and run |
| 00:23:09 | 00:23:12 | your business |
| 00:23:09 | 00:23:13 | you're leveraging their time which you |
| 00:23:12 | 00:23:15 | pay them for right |
| 00:23:13 | 00:23:16 | to make yourself so this allows you to |
| 00:23:15 | 00:23:18 | make yourself rich through owning the |
| 00:23:16 | 00:23:20 | business while other people do the work |
| 00:23:18 | 00:23:22 | so overall if you want to get rich start |
| 00:23:20 | 00:23:22 | to make yourself more financially |
| 00:23:22 | 00:23:25 | literate |
| 00:23:22 | 00:23:26 | it will pay off hugely guys and last but |
| 00:23:25 | 00:23:29 | certainly not least |
| 00:23:26 | 00:23:30 | i want to discuss the skill of having |
| 00:23:29 | 00:23:31 | the right mindset if you want to get |
| 00:23:30 | 00:23:33 | rich |
| 00:23:31 | 00:23:35 | you need to have the right mindset you |
| 00:23:33 | 00:23:36 | have the same attitude as rich people |
| 00:23:35 | 00:23:38 | and then you'll be going |
| 00:23:36 | 00:23:39 | to get there so in his best-selling book |
| 00:23:38 | 00:23:42 | how rich people think |
| 00:23:39 | 00:23:43 | author steve sebold reveals how rich |
| 00:23:42 | 00:23:44 | people think |
| 00:23:43 | 00:23:46 | differently to average performance |
| 00:23:44 | 00:23:48 | hopefully i pronounce his name right and |
| 00:23:46 | 00:23:50 | basically he goes on to explain how they |
| 00:23:48 | 00:23:51 | use their mindset to create opportunity |
| 00:23:50 | 00:23:53 | and advantages |
| 00:23:51 | 00:23:55 | and i highly recommend reading it and |
| 00:23:53 | 00:23:57 | learning how you can change your mindset |
| 00:23:55 | 00:23:58 | huge success in business and life and |
| 00:23:57 | 00:24:00 | this is important |
| 00:23:58 | 00:24:02 | because in business it's inevitable that |
| 00:24:00 | 00:24:04 | you're going to face setbacks and |
| 00:24:02 | 00:24:06 | to overcome them you need to have the |
| 00:24:04 | 00:24:08 | right mindset most successful people |
| 00:24:06 | 00:24:09 | can look at negative situations and find |
| 00:24:08 | 00:24:12 | opportunities |
| 00:24:09 | 00:24:13 | that's a decision rich people make and |
| 00:24:12 | 00:24:16 | you can decide to make as well |
| 00:24:13 | 00:24:18 | but how can you develop your own mindset |
| 00:24:16 | 00:24:20 | and lead it in the right direction well |
| 00:24:18 | 00:24:21 | as an entrepreneur i've learned that |
| 00:24:20 | 00:24:23 | there are some key |
| 00:24:21 | 00:24:25 | things that you can keep doing in order |
| 00:24:23 | 00:24:27 | to maintain a positive mindset |
| 00:24:25 | 00:24:30 | the first is not to limit your thinking |
| 00:24:27 | 00:24:32 | don't limit your dreams or goals |
| 00:24:30 | 00:24:34 | limited thinking leads to limited ideas |
| 00:24:32 | 00:24:36 | which stunt growth and performance |
| 00:24:34 | 00:24:37 | if you think small you're going to |
| 00:24:36 | 00:24:40 | achieve small things so |
| 00:24:37 | 00:24:42 | think big just as important as thinking |
| 00:24:40 | 00:24:42 | big is being deliberate about your |
| 00:24:42 | 00:24:45 | habits |
| 00:24:42 | 00:24:46 | and actions to get there imagine having |
| 00:24:45 | 00:24:48 | a dream about losing weight |
| 00:24:46 | 00:24:50 | but not being deliberate about eating |
| 00:24:48 | 00:24:52 | healthy or exercising |
| 00:24:50 | 00:24:54 | how soon would that dream come true not |
| 00:24:52 | 00:24:56 | very soon right so |
| 00:24:54 | 00:24:58 | it's the same thing with any goals you |
| 00:24:56 | 00:24:59 | set for your company or your life |
| 00:24:58 | 00:25:02 | if you're not being deliberate about |
| 00:24:59 | 00:25:04 | taking the actions to achieve your goals |
| 00:25:02 | 00:25:05 | it's the same as not having those goals |
| 00:25:04 | 00:25:08 | in the first place |
| 00:25:05 | 00:25:09 | i've learned and what i practike is to |
| 00:25:08 | 00:25:11 | set short-term |
| 00:25:09 | 00:25:13 | and long-term goals that help me achieve |
| 00:25:11 | 00:25:15 | those dreams so each milestone reached |
| 00:25:13 | 00:25:17 | gets me one step closer and that's a |
| 00:25:15 | 00:25:19 | great feeling by having limitless |
| 00:25:17 | 00:25:20 | thinking and being deliberate about your |
| 00:25:19 | 00:25:22 | behaviors and habits |
| 00:25:20 | 00:25:24 | you can maintain your entrepreneurial |
| 00:25:22 | 00:25:26 | spirit develop a positive mindset |
| 00:25:24 | 00:25:27 | and be open to growth and success in |
| 00:25:26 | 00:25:29 | your business so |
| 00:25:27 | 00:25:30 | you could learn all of the other six |
| 00:25:29 | 00:25:32 | skills i've discussed |
| 00:25:30 | 00:25:34 | but if your mindset isn't right it's not |
| 00:25:32 | 00:25:35 | going to work guys your mindset is the |
| 00:25:34 | 00:25:36 | foundation |
| 00:25:35 | 00:25:38 | for all of your other skills and |
| 00:25:36 | 00:25:40 | abilities because it's what leads you to |
| 00:25:38 | 00:25:41 | take right action towards your success |
| 00:25:40 | 00:25:42 | so |
| 00:25:41 | 00:25:44 | that's all i have for you today guys i |
| 00:25:42 | 00:25:44 | hope you can take some of this advice |
| 00:25:44 | 00:25:46 | and |
| 00:25:44 | 00:25:48 | apply it to your own life to create a |
| 00:25:46 | 00:25:50 | life financial freedom and opportunity |
| 00:25:48 | 00:25:51 | and the key point is to start mastering |
| 00:25:50 | 00:25:53 | a skill now |
| 00:25:51 | 00:25:56 | start with any one of them and go from |
| 00:25:53 | 00:25:57 | there you won't learn them all overnight |
| 00:25:56 | 00:25:59 | it takes time and energy you'll |
| 00:25:57 | 00:26:00 | naturally discover which skill you're |
| 00:25:59 | 00:26:03 | most gifted at |
| 00:26:00 | 00:26:03 | and you're going to get there so that's |
| 00:26:03 | 00:26:05 | the video |
| 00:26:03 | 00:26:06 | hopefully today you learn something you |
| 00:26:05 | 00:26:08 | can actually implement in your business |
| 00:26:06 | 00:26:10 | if you want to learn about how to start |
| 00:26:08 | 00:26:12 | a successful job servicing business |
| 00:26:10 | 00:26:14 | check out my free three-hour training in |
| 00:26:12 | 00:26:15 | the description to see the three-step |
| 00:26:14 | 00:26:17 | process we used |
| 00:26:15 | 00:26:19 | to build a new online business and make |
| 00:26:17 | 00:26:24 | twelve thousand dollars in six days but |
| 00:26:19 | 00:26:28 | otherwise until next time |
| 00:26:31 | 00:26:33 | you |
