All right, ready to dive into some wealth building strategies,
some unconventional ones?
Sounds good to me.
Yeah, so we're gonna be looking at this YouTube video
by entrepreneur, Eman Ghatzi.
Oh yeah, I've seen him.
Yeah, and the video's called, You're 18,
You Need These Skills.
So he kind of lays out seven skills
that he thinks are essential for hitting that millionaire mark.
And some of the advice is surprising to say the least.
Oh, I bet, yeah.
When I first saw the video title and I was like, seven skills,
okay, let's hear it.
But some of them were not what I expected at all.
Interesting, yeah.
Yeah, and what I thought was really fascinating
about his approach was that he goes beyond
just the typical financial advice.
It's not just about invest in this or budget your money,
it's more about mindset shifts
and kind of less obvious skills.
Think sense.
Yeah, and things that he really believes
are key to building real wealth.
That's cool.
Yeah, and for example, the very first skill
that he drops is stop watching the news.
I have to admit, when I first saw that, I was like,
wait, how are you supposed to stay informed?
Right, yeah.
If you're not keeping up with current events,
how do you know what's going on?
Exactly.
But then you start to think about it.
Like how often does watching the news
actually motivate you to take action towards your goals?
That's true.
Does it actually, like, I don't know.
I feel like more often than not,
it just kind of leaves you feeling anxious.
Anxious and just overwhelmed.
Yeah, totally.
What's happening?
It can be a total productivity killer, you know?
Totally.
So, I'm in point is that, especially at this stage,
like if you're on your wealth building journey,
you need to protect your time and energy, you know?
And so, instead of getting bogged down in negativity,
focus on actions that directly contribute to your goals.
That makes a lot of sense.
It's like you're saying, being more intentional
about what you're consuming, right?
Yeah, exactly.
Because you don't need to be completely oblivious to the world.
But maybe you could be more strategic
about your news sources.
Yeah.
You know, limit your exposure to maybe too much negativity.
I think that's a great point, you know?
Because instead of passively consuming news
that may or may not even be relevant to your life,
you can be proactive about seeking out information
that's directly related to your goals.
Totally, yeah.
And interests, yeah.
Love that.
Makes you think.
It does, it does.
So, all right, the second skill that he highlights
is a little bit more straightforward.
Okay.
And it's a develop high income skills.
Okay, now we're talking.
Yeah, so this is where I think the rubber meets the road,
so to speak, in terms of actually generating income.
Yeah.
And so, he's talking about skills that are in high demand
in the marketplace.
The kind that allow you to command higher rates,
build a successful career.
That's it.
And the great thing is,
the more high income skills you have,
the more valuable you become.
Yeah, for sure.
It's like having multiple streams of income
just baked into your skill set.
Exactly.
And so, he mentions specifically online marketing,
coding, content creation, and sales, as example.
All those are good ones, yeah.
And what's really cool is that,
I mean, a lot of these skills can be learned online,
even if you're starting from scratch.
So, it's a huge advantage in today's world.
Totally, yeah.
Because we have access to all these resources
and learning platforms right at our fingertips.
It's incredible.
Yeah.
All right, skill number three might sound simple,
but it's incredibly powerful.
Okay.
Learn to say no.
Ah, that's a good one.
Yeah, so this one is all about recognizing
your own limitations and setting boundaries,
healthy boundaries, you know?
Yeah, I know all about that.
And he says that as you become more successful,
the demands on your time and your energy
are just gonna increase.
For sure.
You'll be faced with more opportunities.
You'll have more requests.
More distractions.
Distractions, exactly.
So, the ability to say no gracefully
becomes absolutely crucial.
It really is.
It helps you stay focused on what your priorities are
and avoid getting pulled in a million different directions.
Yeah, because every time you're saying yes to something,
you're saying no to something else, right?
That's a really good point.
Yeah.
So, are you saying yes to things that are truly aligned
with what you wanna be doing?
Yeah.
Or are you just saying yes because you feel obligated
or you don't wanna miss out?
I think we've all been there.
Yeah, yeah, those are some tough questions,
but definitely worth asking.
Oh, for sure, yeah.
Okay, now the fourth skill is where things
get a little unexpected.
Okay.
Travel strategically.
Oh, interesting.
He actually suggests traveling less.
What?
But traveling smarter.
Okay, now this is intriguing.
I know, right?
So, he argues that the constant travel lifestyle,
although it's very appealing to a lot of people,
can actually be a major distraction
from building real wealth.
I could see that.
Think about it.
Yeah.
Constantly adjusting to new environments,
finding reliable Wi-Fi.
Oh my gosh, the Wi-Fi.
I know, right?
Time zone differences, it can just be a lot.
Yeah, that wears you down.
And it can take a toll on your productivity, right?
Yeah, for sure.
So, almost ironically, that jet-setting lifestyle
can sometimes just be a form of procrastination.
That's a great point.
You're busy exploring the world,
but are you actually making progress
towards your financial goals?
Right, exactly.
So, he recommends longer stays
in affordable and productive locations.
Okay.
So, he mentions Cape Town and Madeleine as examples.
Okay.
Of cities that kind of offer a good balance
of affordability, a good lifestyle.
Right.
And also good opportunities for networking and collaboration.
I like it.
And he even cautions against Bali,
despite its popularity.
Well, her life?
Among digital nomads.
Oh, yeah.
He argues that the party atmosphere
and the constant influx of tourists.
Oh, yeah.
Distracting and detrimental to like deep focused work.
Makes sense.
And it's interesting,
because he's not saying don't travel at all.
He's saying travel with intention.
Choose destinations that are actually
gonna support your goals.
Right.
And be mindful of how your travel choices
impact your productivity.
I love that.
So, it's all about alignment, right?
That is.
Aligning your choices with your goals.
Yeah, exactly.
That makes a lot of sense.
Mm-hmm.
All right, so let's shift gears a little bit.
Okay.
Let's talk about school number five.
Start investing today.
Okay, that's a big one.
Yeah, and so he really emphasizes
the importance of starting early.
Even if you can only invest small amounts right now.
Yeah.
This is something that I've heard
a lot of successful investors say.
Right.
They all wish they had started sooner.
Yeah, makes sense.
And there's a reason for that, you know?
That's the power of compound interest.
It's huge.
You know, the earlier you start,
the more time your money has to grow.
It's like that snowball effect.
Yeah, it is, yeah.
Which just gets bigger and bigger.
Yeah, he uses a really great analogy
to explain this concept.
Okay, what is it?
So, he says that building a business is like your offense.
Okay.
But investing is your defense.
I love that.
So, building a business is about generating income,
taking risks, really going on the offensive.
Yeah.
But investing is about protecting
and growing your wealth for the long term.
Right.
And playing the long game and making sure
that you're financially secure in the future.
That's a fantastic way to think about it.
And the beautiful thing about investing is that
you don't need to have like a ton of money to get started.
Yeah.
You know, there are a lot of platforms
and resources available that allow you to invest
with even small amounts.
That's awesome.
So, even if you can only do like $50 a month
or $100 a month, it's so crucial to build that habit
and just develop your financial literacy.
Yeah, totally.
The more you learn about investing,
the more confident you'll become in making those decisions
that'll benefit you in the future.
For sure, yeah.
Okay, get ready for a curveball.
No point.
Skill number six is find a good tailor.
Um, what's...
I know, right?
I know this seems completely out of left field,
but hear me out.
Okay.
So, this goes back to his philosophy of like smart spending
and maximizing your resources.
He argues that especially early on in your wealth building
journey, it's just really important to be mindful
of where you're spending your money.
Makes sense.
And he's not saying that you have to deprive yourself
or live this like, you know, totally austere life.
Yeah.
It's about making choices.
Right.
That are strategic and aligned with your values.
That makes sense.
And goals, you know.
Yeah.
So, Yulemon actually,
even though he can afford luxury brands,
advocates for buying high quality basics.
Right.
And having them tailored for like a polished custom fit look.
Oh, that's interesting.
Yeah.
So, instead of chasing brand names and spending a fortune
on clothes that might go out of style really quickly.
Yeah.
He suggests investing in those timeless pieces.
Right.
That can be tailored to fit you perfectly.
I like that.
And I thought that was a really interesting point.
Yeah.
It's like you're saying you're presenting yourself
as someone who is thoughtful and intentional.
Yeah.
And values quality.
Yeah.
Over just like, you know, flashiness.
Yeah.
Exactly.
And that can definitely make a positive impression.
Oh, for sure.
In both your personal and professional life.
Absolutely.
OK.
So, finally, skill number seven is leveraging credit card rewards.
Oh, that's a good one.
OK.
Before we go any further though.
I want to emphasize that this only works
if you are responsible with credit.
100%.
Yes.
Like if you're carrying a balance on your credit card
or struggling to make payments.
Yeah.
This is not for you.
This is not the strategy for you.
Right.
But if you are someone who pays off your balance
in full every month.
Right.
And you manage your credit wisely.
Right.
Then leveraging those credit card rewards.
Yeah.
Can be a fantastic way to basically amplify your spending power.
I agree.
Yeah.
It's like getting extra perks and benefits for things
that you're already spending money on.
Free money, basically.
It is.
Yeah.
Think about it.
Travel upgrades.
Oh, yeah.
Hotel perks, cash back, you know, exclusive access to events.
All that good stuff.
All that, yeah.
Yeah.
And all of those rewards can add up significantly.
They do.
Over time.
Especially if you're strategic about it.
Yeah.
Exactly.
And Eiman actually shares that he gets dozens of flight
upgrades per year.
Oh, wow.
Simply by utilizing his credit card rewards program.
That's amazing.
Yeah.
And so it's like that idea of working smarter, not harder.
Right?
Totally.
You're not spending any extra money.
Right.
But you're reaping significant benefits simply
by being a savvy consumer.
Love that.
So stepping back and looking at all seven of these skills,
what really stands out to me is how he emphasizes
a holistic approach to wealth building.
It's not just about making money.
It's about managing your mindset, your time.
Your resources.
Even your wardrobe strategically.
Yeah.
I like that a lot.
Yeah.
It's about recognizing that wealth is this multifaceted concept.
It's not just about having a high income.
Right.
It's about having a life that is just rich in experiences
and relationships and fulfillment.
I agree.
And what I also really liked about this video
is that he doesn't shy away from sharing his own experiences,
his successes, his regrets.
For sure.
You know?
It makes it real.
It does.
Yeah.
And it just makes his advice feel so much more relatable
and grounded.
Like he's speaking from experience.
Yeah.
He's not preaching from a pedestal.
He's speaking from a place of, I think, personal experience
and vulnerability.
And at the end of the video, he actually challenges
his viewers with the question.
OK.
Which I thought was brilliant.
Oh, I love when they do that.
I know, right?
Yeah.
So he says, what millionaire skill did I miss?
Oh, that's good.
Which I thought was just a brilliant way
to get you thinking critically.
Yeah.
And apply these concepts to your own life.
Makes you think outside the box, too.
Totally.
And it kind of sparks this conversation.
Yeah.
And encourages people to think beyond just the conventional
advice.
I like it.
So let's turn that question over to you.
Right.
What skill would you add to I'm in this list?
Yeah.
What have you learned?
What unique piece of wisdom have you picked up?
Yeah.
On your own wealth building journey?
Love it.
We would love to hear your thoughts on that.
Yeah.
And building on that, what's one actionable step
that you can take today based on what we've talked about?
Yeah.
What can you implement right now?
Right.
So maybe it's committing to a week of news-free living.
Oh, I like that.
You know?
Maybe it's finally exploring that new high income skill.
Yeah.
Or finally finding a good tailor.
Right, like we talked about, yeah.
Yeah, exactly.
And it doesn't have to be this massive life altering change,
right?
No.
It's just about those small steps taken consistently.
Right.
That can lead to big transformations over time.
100%.
And that's what this whole deep dive is about, right?
Totally.
Equipping you with the knowledge and the inspiration
to just level up your life.
Love it.
So remember, building wealth is a journey not a destination.
That's a good one.
It's about making conscious choices
that align with your values, your goals.
So late.
And honestly, it's also about enjoying the process.
Yeah.
You know?
Celebrate those wins, learn from the setbacks,
and just never stop growing.
I love that.
To keep diving deep.
Yeah.
Keep questioning, keep striving for that millionaire mindset.
That's it.
And that is it for our deep dive into Iman Gadzhi's
Seven Millionaire Skills.
Great episode.
I hope you found it insightful and empowering.
As always.
And until next time, stay curious and keep leveling up.
See you.
So you're saying instead of hopping from one exotic locale
to the next, maybe find a place where you can settle in,
build a routine, and just focus on the work.
Precisely.
It's about aligning those travel choices
with your bigger goals.
Makes sense.
Now let's shift gears a little bit
and talk about skill number five.
Start investing today.
Oh, big one.
This is a big one.
And he really emphasizes the importance of starting early.
Even if you can only invest small amounts right now.
Yeah.
Like I was saying earlier, it seems like every successful
investor wishes they started sooner.
Exactly.
And there's a reason for that.
Yeah.
Compound interest.
Oh, the magic of compound interest.
It's so powerful.
I know.
It really is.
And you know, the earlier you start investing,
the more time your money has to grow.
It really is like that snowball effect.
It is, yeah.
Just gets bigger and bigger over time.
Exactly.
Yeah.
So he uses this really great analogy to explain this concept.
OK, I'm interested.
He says, building a business is your offense.
But investing is your defense.
Oh, I like that.
I like that analogy.
Yeah.
That's a good one.
So building a business is all about generating that income,
taking those risks, going on the offensive.
But investing is about protecting and growing
your wealth over the long term.
It's the long game.
It is.
It's about playing that long game
and ensuring your financial security in the future.
It's a fantastic way to think about it.
Yeah.
And the beautiful thing about investing
is that you don't need a huge amount of money to get started.
Yeah.
That's what I love about it.
There are so many platforms and resources
available that allow you to invest,
even with just small amounts.
Totally.
So even if you can only swing like $50 or $100 a month
right now, it's crucial to just build that habit
and develop your financial literacy.
Absolutely.
It's all about that consistency.
Yeah.
The more you learn about investing,
the more confident you'll become in making decisions
that are going to benefit you in the future.
100%.
Yeah.
OK.
Are you ready for another curve ball?
Oh, boy.
Hit me.
Skill number six is find a good tailor.
A tailor.
I know, right?
OK.
Where is he going with this?
I know.
It seems totally random.
But trust me on this one.
So this one actually goes back to his whole philosophy
of smart spending and maximizing your resources.
He argues that, especially early on in your wealth building
journey, yeah.
It's just so important to be mindful of where
you're putting your money.
You've got to be intentional.
Exactly.
And he's not saying that you have to deprive yourself
or live a super austere life.
It's more about making choices that are strategic.
That makes sense.
And aligned with your values and goals.
Yeah, it's about that alignment again.
Yeah, exactly.
So Iman, even though he can afford all the fancy brands
and stuff, he actually advocates for buying high quality
basics and having them tailored for a more polished
and custom fit look.
I never thought about it like that.
Yeah.
That's pretty smart.
Right.
So instead of chasing all those brand names
and spending a ton of money on clothes that are probably
going to go out of style in like a minute.
Yeah, fast fashion.
Yeah.
This is a trap.
He suggests investing in those timeless pieces
that can be tailored to fit you perfectly.
I like that a lot.
Yeah.
And I thought that was a really interesting point,
because you're basically presenting yourself
as someone who's thoughtful.
Yeah.
Intentional.
Tension quality.
Values quality over just flashiness.
Yeah, exactly.
You know?
And that can make such a positive impression.
Oh, for sure.
In both your personal and professional life.
100%.
OK, so finally, skill number seven
is leveraging credit card rewards.
Oh, one of my favorites.
Yeah.
But before we go any further, I have to emphasize
that this only works if you are responsible with your credit.
Absolutely.
Like if you are carrying a balance on your cards
or struggling to make your payments.
This is not for you.
Yeah, this is not the strategy for you.
Right.
But if you are someone who pays off their balance
in full every month.
Yeah.
And you manage your credit wisely.
Right.
Then leveraging those credit card rewards
can be a fantastic way to basically amplify
your spending power.
Oh, yeah.
It's like free money.
Yeah.
Basically.
It's like getting those extra perks and benefits,
things that you're already spending money on anyway.
Exactly.
Why not get rewarded for it?
Yeah.
Great.
So think about it.
You can get travel upgrades.
Oh, yeah.
The travel grades are the best.
Hotel perks, cash back, you know.
All that good stuff.
Exclusive access to events.
All of those rewards can add up big time.
Oh, they do.
They do.
Over time.
Especially if you're strategic about it.
Yeah, exactly.
Which cards you use, how you use them.
Yeah.
And I'm in shares that he gets like dozens of flight upgrades
a year.
Wow.
That's awesome.
Just from utilizing his credit card rewards.
He's got to figure it out.
Yeah.
It's like we were saying earlier, working smarter, not harder.
That's it.
Right.
You're not spending any extra money.
Nope.
But you're getting all these benefits just
by being a savvy consumer.
That's what it's all about.
So taking a step back and looking
at all seven of these skills, what really stands out to me
is how I'm in emphasizes that holistic approach
to building wealth.
Yeah, I agree.
You know?
It's not just about making money.
It's about managing your mindset.
Yeah.
Your time, your resources, even your wardrobe strategically.
It's all connected.
It is.
It really is.
It's about recognizing that wealth is this multifaceted
concept.
It's not just about having that high income.
Right.
It's about more than just the numbers.
Exactly.
It's about having a life that's rich in experiences,
relationships.
It's a filament.
Yeah.
And I love that he's not afraid to share his own experiences.
That makes him more relatable.
It does.
Yeah.
His successes, his regrets, it just makes his advice feel.
Or genuine.
So much more relatable and grounded.
Like he's been there.
Yeah.
He's not preaching from a pedestal.
He's really speaking from a place of personal experience
and vulnerability.
Yeah, I like that.
And then at the end of the video,
he does something that I thought was so brilliant.
OK, what is it?
He challenges his viewers with a question.
Oh, I love that.
I know, right?
Yeah.
So he asks them, what millionaire skill did I miss?
Oh, that's a good question.
Which I just thought was such a brilliant way
to get people thinking critically.
Yeah, it gets you thinking outside the box.
For sure.
And applying those concepts to their own lives.
Yeah.
It sparks a conversation.
It does.
And it gets you thinking beyond just the typical advice.
Exactly.
So we want to turn that question over to you.
Awesome.
What skill would you add to Iman's list?
What have you learned on your journey?
Yeah, what unique piece of wisdom
have you picked up along the way?
We'd love to hear your thoughts.
Yeah, and building on that, what's one actionable step
you can take today based on what we've talked about?
Yeah, what can you do right now to level up?
Right.
Yeah.
So maybe it's committing to a week of news-free living.
Oh, I like that.
You know?
Maybe it's finally exploring that new high-income skill
that you've been thinking about.
Yeah.
Or maybe it's finally finding that good tailor.
Right, like we were talking about.
Yeah, and it doesn't have to be a massive life-altering change.
No, small steps.
Small steps taken consistently.
Yeah.
Lead to big transformations over time.
Absolutely.
And that's what this whole deep dive is about.
Equipping you with the knowledge and the inspiration to level up
your life.
I love that.
So remember, building wealth is a journey, not a destination.
That's a good one.
It's about making those conscious choices that align
with your values and your goals.
Absolutely.
And honestly, it's also about enjoying the process, you know?
Yeah, for sure.
Celebrate those wins, learn from the setbacks,
and just never stop growing.
I love that.
So keep diving deep.
Keep questioning.
Keep striving for that millionaire mindset.
That's it.
And that is it for our deep dive into Ibon Gatsie's
seven millionaire skills.
Phew, great episode.
We hope you found it insightful.
As always.
And empowering.
Yeah.
Until next time, stay curious and keep leveling up.
See, so true.
You know, it makes his advice feel more real.
Yeah, for sure.
It makes it more genuine.
Yeah, he's been there.
Exactly.
It's like he's not just talking the talk.
Yeah.
He's walking the walk.
He's been in the trenches?
Yeah, exactly.
And you know, what I also thought was interesting
is at the end of his video, he actually challenges
his viewers with a question.
Oh, cool.
And I thought this was so smart.
Oh, I love when they do that.
I know, right?
Yeah.
So he asks, what millionaire skill did I miss?
Ooh, that's good.
Which I thought was just like so brilliant.
It is, yeah.
Because it gets people thinking critically about, you know.
Outside the box.
Yeah, outside the box.
For sure.
And it makes them apply these concepts to their own lives.
Yeah, it sparks a conversation.
Yeah.
And it gets people thinking beyond just the typical advice.
Exactly.
Love it.
So we want to turn that question over to you.
All right, let's hear it.
What skill would you add to Iman's list?
Yeah, what did he miss?
What have you learned on your own journey?
Yeah, what unique piece of wisdom
have you picked up along the way?
We want to know.
Yeah, we'd love to hear your thoughts on that.
Yeah.
And building on that, what's one actionable step
that you can take today based on what we've talked about?
Yeah, what can you implement right now?
Exactly.
Yeah, like what's one thing you can do to level up?
Yeah, maybe it's committing to like a week of news-free living.
Ooh, I like that one.
You know, maybe it's finally exploring that new high income
skill that you've been thinking about.
Yeah, go for it.
Or maybe it's finally finding that good tailor.
Right.
Like we were talking about.
Yeah, and it doesn't have to be this massive life-altering
change.
No.
Right.
Just small steps.
It's those small steps taken consistently
that can lead to huge transformations over time.
100%.
And that's really what this whole deep dive is all about.
Couldn't agree more.
Right.
It's about equipping you with the knowledge and the inspiration
to really level up your life.
I love that.
So remember, building wealth is a journey, not a destination.
That's a good one.
Write that down.
It's about making those conscious choices that
are aligned with your value and your goals.
Totally.
And honestly, it's about enjoying the process.
First of all, celebrate the wins.
Learn from those setbacks.
And just never stop growing.
Love that.
So keep diving deep.
Keep learning.
Keep questioning.
Yeah.
Keep striving for that millionaire mindset.
That's it.
And that's it for our deep dive into Iman Ghaji's
7 Millionaire Skills.
Awesome episode.
We hope you found it insightful.
As always.
And empowering.
Yeah.
Until next time, stay curious and keep leveling up.