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7 Skills That Will Make You Rich

Published on: December 2 2022 by Dylan Sigley

7 Skills That Will Make You Rich

7 Skills That Will Make You Rich

startTime durationTime text
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

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