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All right, so let's dive into something I know we've all thought about at some point,

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how to get rich and make it even more interesting how to do it by the time you hit your late

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20s.

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You sent over this YouTube video by entrepreneur Joshua Mayo.

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And his approach is, well, let's just say it's not your typical financial advice.

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That's an understatement.

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He basically throws the traditional start investing early wisdom right out the window.

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I know, right?

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It's almost shocking to hear an entrepreneur say, forget stocks, forget real estate.

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Yeah.

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So what we're going to do on this deep dive is unpack Mayo's argument and really see

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if his path to wealth makes sense, especially for someone just starting out.

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And it's important to remember that the traditional advice about investing early IS still considered

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the cornerstone of a solid financial plan.

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For most people, what Mayo's proposing is definitely a different beast, higher risk

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for sure, but potentially higher reward as well.

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Okay.

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So here, Mayo isn't sitting on a mountain of index funds or rental properties.

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This guy's been hustling since college.

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We're talking starting a clothing brand, building websites, even trying his hand at

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day trading.

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Wow.

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And here's the kicker.

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He didn't become a millionaire overnight.

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In fact, he's very open about the fact that he failed a lot.

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Oh, really?

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But each failure, each setback taught him something valuable.

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It's that adaptability and resilience that he credits for a lot of his later success.

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So here's the foundation of Mayo's argument.

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He says, true wealth doesn't come from money itself.

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It comes from the value you provide.

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And to provide real lasting value, you need skills.

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Think about it in terms of your own career.

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What are the skills that make someone truly indispensable in your field?

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That's a great question to consider.

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And in today's world where things are changing so rapidly, it's not just about specialized

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knowledge in one area.

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It's about those transferable skills, things like critical thinking, being able to communicate

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your ideas effectively and being a creative problem solver.

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Those are the skills that can make you adaptable to whatever the job market throws at you.

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And Mayo takes this idea of skills even further.

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He uses this analogy of skills being like muscles.

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To get stronger, you have to actively use them and push them to their limits.

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He even divides skills into two categories.

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Minor skills, which are the everyday things we all do.

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And then what he calls major skills.

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And it's those major skills that he believes are the key to unlocking wealth.

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Think of it this way, tying your shoes.

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That's a minor skill.

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Useful, sure.

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But not going to make you a fortune.

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Now imagine being able to close a million dollar deal through persuasive communication.

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That's a major skill with major earning potential.

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And Mayo's own success on YouTube is a perfect example of this.

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Yes, he has great visuals and editing, but it's his ability to connect with his audience

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to clearly explain complex topics and to persuade people to take action that really sets him

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apart.

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He's basically turned communication, which is a skill that translates to any field into

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a thriving online business.

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It's living proof that his philosophy can actually work.

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But it's also important to know that he's operating in a very specific space.

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One that's heavily reliant on individual branding and audience building.

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So Mayo's big call to action is this stop waiting for the perfect moment or the perfect

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investment strategy, figure out what your major skills are and start developing them.

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Now it's about taking control of your own potential and building a foundation for future

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success.

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Get the bold message and one that requires a certain mindset.

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He's not advocating for recklessness, but for calculated risk taking and a focus on building

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your earning potential.

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It's a philosophy that goes against the grain, but it definitely makes you think.

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So I want you to think about this as we go deeper into Mayo's ideas.

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What are your major skills?

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What are the things you're already good at that you could turn into something truly valuable

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and how can you start actively strengthening those skills today?

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That's a great question to ponder.

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I think we'll dive more into that in the next part.

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Yeah, for sure.

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This is a lot to consider.

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Welcome back.

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I'm really intrigued by this idea of identifying and developing your major skills as a path

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to wealth.

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It's a fresh perspective, that's for sure.

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It definitely challenges the way we normally think about money and success.

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But okay, let's say our listeners on board with this idea.

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How do you actually go about figuring out what those major skills are?

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It's easy to fall into the trap of thinking, well, I'm good at this right now, so I should

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just keep doing that.

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Right, but that might not be the most lucrative path you have to think bigger.

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More strategically, instead of just looking at your current abilities, think about the

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value you can create.

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What problems are people out there struggling with?

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Problems they'd be willing to pay to have solved?

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What skills are in high demand, even if they're not skills you currently possess?

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Okay, so let's imagine our listener has done that they've pinpointed some of these high-value

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skills.

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What's the next step?

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How do you go from novice to expert?

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Is there some secret shortcut?

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I wish there was a magic formula.

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But unfortunately, no building valuable skills takes time, effort, and a willingness to get

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out of your comfort zone.

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But there are proven strategies that can make the process more efficient and effective.

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One of them is called deliberate practice.

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It's about focusing on specific areas you need to improve and working on them with intention

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and a structured plan.

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So it's like having a workout routine for your brain.

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You wouldn't just walk into a gym and start randomly lifting weights.

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Yeah.

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You'd have a plan, right?

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Exactly.

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Targeting specific muscle groups gradually increasing the weight, tracking your progress.

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And deliberate practice is the same approach, but for your skills, let's say you want to

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improve your public speaking, something.

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Mayo obviously considers a major skill.

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Deliberate practice would involve breaking down that skill into smaller components.

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Maybe you need to work on your body language, your vocal projection, your ability to craft

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a compelling narrative.

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Then you create targeted exercises and practice those specific elements with focus and feedback.

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You might join a Toastmasters group, take a public speaking course, or even just record

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yourself and analyze your performance.

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So it's not just about mindlessly repeating something over and over again.

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It's about being intentional and analytical about your practice.

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You're essentially becoming your own coach.

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Precisely.

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But there's another crucial element that Mayo emphasizes.

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Taking action.

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He's a big believer in just doing it, even if you don't feel 100% ready.

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He uses this great analogy of working out your sales muscles or your communication muscles.

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The best way to learn and improve is by actually applying those skills in real world situations.

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He uses that gym analogy again, right?

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You can read all the books and watch all the videos you want about weightlifting.

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Right.

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You're not going to build any muscle until you actually pick up those weights and start

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lifting.

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Exactly.

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And that's where the idea of failing forward comes in.

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You have to be willing to make mistakes, to stumble and fall, and to use those experiences

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as fuel for growth.

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Each attempt, even if it's not perfect, gets you closer to mastery.

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So it's not about being perfect right out of the gate.

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It's about being persistent.

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It's about showing up consistently and putting the work, even when it's challenging or uncomfortable.

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It reminds me of something a mentor once told me.

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The only way to fail is to quit.

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I love it.

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And that's really the heart of Mayo's message.

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Success isn't about luck or some innate talent.

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It's about having that grit, that hustle, and a commitment to constantly pushing yourself

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to get better.

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So thinking about our listener, what's one small action step they can take today, something

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they can do right now, to start developing a major skill that aligns with their goals?

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Maybe it's signing up for an online course, attending a networking event, or reaching

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out to someone they admire for advice.

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The key is to take that first step, no matter how small it might seem.

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That's a great challenge for them, because even the most ambitious journeys begin with

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a single step.

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Yeah.

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And remember that not everyone is wired to be an entrepreneur.

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And that's okay.

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Yeah.

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Mayo's principles can be applied to any career path, not just starting your own business.

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Right.

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So even if you're not planning on launching the next big startup, how can you apply this

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idea of building high value skills within your current job?

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Well, you can start by looking for opportunities to expand your skill set within your current

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role.

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Maybe there's a project you can volunteer for that will stretch you and force you to

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learn something new, or perhaps your company offers mentorship programs that can help you

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build leadership skills.

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It's about being proactive and seeking out those growth opportunities.

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It's about taking ownership of your career path and not just waiting for someone to

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hand you the perfect opportunity sometimes you have to create those opportunities yourself.

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And even small steps taken consistently over time can lead to significant changes.

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Maybe you start by dedicating 30 minutes a day to reading industry publications or listening

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to podcasts relevant to your field, maybe join a professional organization or connect

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with people on LinkedIn who have the skills you want to develop.

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It's about building momentum and making consistent progress.

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So I think a key takeaway here is that no matter where you are in your career, whether

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you're just starting out or you've been in the game for a while, this idea of investing

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in yourself, of actively developing your skills is something you can start doing today.

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It's about building a foundation for long-term success regardless of what the future holds.

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Absolutely.

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And that brings us to a critical question that we need to address.

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What are the potential downsides of Mayo's approach?

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Because let's be real.

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No strategy is perfect.

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There are always risks involved, especially when you're talking about something as unconventional

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as this.

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Right.

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And it would be irresponsible of us to just gloss over those potential pitfalls.

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So in the final part of our deep dive, we're going to get real about the risks and challenges

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that come with embracing Mayo's philosophy.

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We'll talk about what to watch out for and how to navigate those potential obstacles

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effectively.

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Okay, we're back.

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And ready to wrap up our deep dive into Joshua Mayo's approach to wealth building.

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You know, it's been really interesting to explore his perspective.

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Yeah, we've covered a lot of ground.

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His unconventional journey, his focus on skills over early investing, and that whole concept

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of developing what he calls major skills.

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And we've seen how his own YouTube success serves as a real-world example of his philosophy

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and action.

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Right.

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Exactly.

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But as with any advice, it's crucial to look at better ways.

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Both sides of the coin.

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There's no such thing as a foolproof strategy.

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And Mayo's approach is no exception.

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Agreed.

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So let's get real about the potential downsides.

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What are the risks or challenges our listeners should be aware of if they're considering

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going all in on this?

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The biggest one is that Mayo's path is inherently entrepreneurial.

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That means it comes with a high level of risk, but also the potential for high rewards.

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Yeah.

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It's not the stability of a traditional nine to five job with a predictable paycheck.

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You're essentially betting on yourself on your ability to acquire and leverage those

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major skills to create your own income.

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So this definitely isn't for someone who's risk averse or who thrives in a structured

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environment.

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Yeah.

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I would say that's a good point.

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And even with the best skills in the world, there's no guarantee of success, right?

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I mean, you could be the most amazing salesperson, but if you're selling a product, nobody wants.

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You're not going to get very far.

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That's a great point.

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Market forces matter.

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And I think that's an area where Mayo's advice could be more nuanced.

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You need a good understanding of the market you're in, what people truly value, and what

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problems they're willing to pay to solve skills alone aren't enough.

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If you're in the wrong field or if you're not meeting a real need.

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Okay.

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So we've got market risk to consider.

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What else should our listener be wary of?

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Burnout is a huge one.

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Mayo talks a lot about hustle, about constantly pushing yourself and working hard.

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And while that drive and motivation are essential, it can also lead to exhaustion and overwhelm,

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if you're not careful.

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It's like that gym analogy gone wrong.

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You can't just keep lifting heavier and heavier weights without giving your body time to rest

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and recover.

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Absolutely.

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You'll end up injured and unable to train at all.

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Building a career, developing your skills.

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It's a marathon, not a sprint.

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You need sustainable practices, routines that support your well-being and prevent burnout.

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And there's something else that struck me as I was watching Mayo's video.

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He has this very individualistic focus, which makes sense given that he's built his success

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largely on his own.

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But what about the importance of teamwork and collaboration?

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That's a really insightful observation in many fields.

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Success is not just about individual brilliance.

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It's about being able to work effectively with others to leverage collective intelligence

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and diverse perspectives, building relationships, networking, collaborating.

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Those are major skills in their own right.

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And for some people, those might be their most valuable assets.

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So while Mayo's emphasis on individual skill development is powerful, it's important to

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remember that it's not the only path to success.

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And it's also worth noting that not everyone is comfortable with that level of self-promotion

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and the constant need to be on that often comes with an entrepreneurial lifestyle, particularly

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in the online world.

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Yeah.

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So we've laid out some of the potential downsides, but even with those caveats, yeah.

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There's something about Mayo's message that resonates.

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It's that sense of empowerment that you're not stuck wherever you are, that you have

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the power to learn and grow and create something valuable.

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Absolutely.

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That emphasis on self-reliance, on taking ownership of your future, that's something

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we can all benefit from regardless of our career path.

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So let's say our listener is in a job they're not passionate about.

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Okay.

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But they're not ready to quit and go solo just yet.

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How can they start applying some of Mayo's principles within that context?

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They can look for opportunities to develop those major skills even within their current

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role.

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Maybe there's a project they can volunteer for that will stretch them or force them to

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learn something new or perhaps their company offers mentorship programs that can help them

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build leadership skills.

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It's about being proactive and seeking out growth opportunities even if they're not

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immediately obvious.

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It's about having that growth mindset that we talked about earlier.

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It's about constantly seeking out challenges, learning from your mistakes, and never settling

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for the status quo.

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And sometimes those seemingly small steps taken consistently over time can lead to significant

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changes.

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Maybe you start by dedicating just 30 minutes a day to reading industry publications or

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listening to podcasts relevant to your field, or maybe you join a professional organization

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or start connecting with people on LinkedIn who have the skills you admire.

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It's about building momentum and making consistent progress towards your goals.

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So as we wrap up this deep dive, here's the final thought I want to leave our listener

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with.

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Josh Omeo's YouTube-fueled, high-hustle lifestyle isn't your cup of tea.

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His core message is worth pondering.

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What are the skills that will make you truly valuable no matter what the future holds,

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and what's one thing you can do today to start honing those skills?

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It might be as simple as sending an email, signing up for a class, or even just having

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a conversation with someone who inspires you.

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The key is to take that first step.

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It's been a fascinating deep dive.

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I always find it so valuable to explore these unconventional ideas and to challenge our assumptions

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about success.

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And who knows?

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Maybe this conversation has sparked some new ideas for our listener ideas that could

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lead them down a path they never even considered before.

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That's what the deep dive is all about.

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Thanks for joining us.