If I Wanted To Become a Millionaire in 2025, This Is What I'd Do [FULL BLUEPRINT]

Brief Summary

This video outlines a blueprint for making your first million dollars, broken down into three levels. The first level focuses on understanding yourself, including your knowledge, skills, motivation, and environment. The second level focuses on acquiring customers through various methods like warm outreach, cold outreach, content marketing, and paid ads. The third level focuses on scaling your business by increasing customer lifetime value, building a team, leveraging your brand, and continuously learning and improving.

• Level 1: Understand yourself, your knowledge, skills, motivation, and environment.
• Level 2: Acquire customers through various methods like warm outreach, cold outreach, content marketing, and paid ads.
• Level 3: Scale your business by increasing customer lifetime value, building a team, leveraging your brand, and continuously learning and improving.

Intro

This video introduces the blueprint for making your first million dollars. It emphasizes that the blueprint is applicable even if you're starting with just your first dollar. The blueprint is divided into three levels: fundamentals, getting customers to buy, and keeping your advantage.

Level 1: Fundamentals

This chapter focuses on understanding yourself as the foundation for building a successful business. It breaks down the key components of "who you are" into four pillars: knowledge, skills, motivation, and environment.

• Knowledge: Knowing what a millionaire is (investable assets over $1 million, excluding primary residence) and understanding the opportunities that exist (private equity, investment banking).
• Skills: Identifying and developing skills that are valuable in the marketplace, such as sales, marketing, and acquisition.
• Motivation: Recognizing that motivation stems from deprivation and surrounding yourself with people who make significantly more money to increase your drive.
• Environment: Creating an environment that minimizes distractions and maximizes your ability to work hard and learn. This includes saying "no" to social gatherings and entertainment that don't contribute to your goals.

Level 2: Get Them to Buy

This chapter focuses on acquiring customers. It outlines eight methods for letting people know about your product or service:

• Core Four: Warm outreach, cold outreach, content marketing, and paid ads. These are the only methods that one person can use to reach potential customers.
• Lead Getters: Customers, employees, affiliates, and agencies. These are individuals or businesses that can help you reach more customers by using the Core Four methods on your behalf.

The chapter also covers the "Closer" framework for closing sales, which involves clarifying the customer's problem, labeling them with that problem, overviewing their past pain, selling the "vacation" (the desired outcome), explaining away their concerns, and reinforcing their decision.

Level 3: Keeping Your Advantage

This chapter focuses on scaling your business and maintaining your advantage over competitors. It emphasizes the importance of leverage, which is the ratio of output to input.

• Leverage: Building a brand, acquiring talent, and developing skills are all ways to increase leverage and get more output for your efforts.
• Focus: The importance of saying "no" to distractions and opportunities that don't align with your goals. The "woman in the red dress" analogy highlights how seemingly attractive opportunities can actually be detrimental to your progress.
• Compounding: The importance of sticking with your core business and not interrupting the compounding effect of consistent growth.
• Continuous Learning: Using common factors analysis to identify patterns in your successes and failures and continuously improve your skills.

The chapter concludes by emphasizing the importance of having a strong relationship with your goals and being willing to make sacrifices to achieve them. It also highlights the importance of playing the "infinite game" of business, where the goal is not to win but to continuously grow and improve.