The Six Principles of Getting Rich in Your 20s To achieve financial success, one must understand the six principles that have helped the speaker make close to $10 million at 25 years old. These principles include understanding why you're broke, valuing time and daily actions, mastering a valuable skill set to make money based on value exchange, choosing the right vehicle for hard work and focusing on self-improvement.
Understanding Money: The Key to Making Money Money is earned directly in proportion to the value provided. Lack of a valuable skill set leads to being broke; therefore, mastering a skill is essential for getting rich. It's important to choose something aligned with personal interests that others are making money from and study successful individuals who have achieved similar goals.
Going All In: Creating a Safety Net for Success Creating a safety net by saving enough money allows one to go all-in on their business without living paycheck-to-paycheck or constantly stressing about finances. This approach led the speaker from frantic anxiety in LA spending more than earning back home with peace of mind resulting in over $2 million profit within two years.