5 things I stopped doing to become a millionaire
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To become a millionaire I had to changed my mentality around money. My whole life I used to think becoming a millionaire was an impossible goal to achieve, but once I started really researching how to do it, I realized it's not as impossible as it seems. And in today's video I'm discussing the 5 things I stopped doing to become a millionaire, tips which I hope will help you to become more successful and financially savvy!
00:00 Intro
00:49 Chasing Pennies
04:02 Letting Go of What Other's Think
05:50 Don't be the Smartest Person
07:13 Managing my Time
08:25 Stop Pursuing Active Income
09:43 Remove Shallow Work
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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.
Пікірлер: 236
"If you are the smartst person in the room , you are in the wrong room " Lesson learned ✅️
@harryverlander7233
2 жыл бұрын
What if you’re the smartest person in the world 🤔
@user-FM1
2 жыл бұрын
@@harryverlander7233 then enjoy living and don't worry about anything.
@OhNoNotAgain42
2 жыл бұрын
Every time that I’m in a room, I see someone get up and leave. Then another. Then another. I’m always the last one, left alone, in every room. I can’t figure out why.
“Stop pursuing active income” thats a Wow for me. Thank you
Thank you for your content! I’m binge watching
Thank you for all your work and videos. I also know a change is needed to move towards the life I want.
First video I've seen outside of shorts; amazing content and appreciate the educational imformation you hand out!
Such helpful tips - completely agree with trading time for money. Huge shift to transition into a position that allows you to scale up.
It's great to see you again... Hope all's well with your travels... Great stuff as always..😉👍💛🤑🤑🤑🏆
@squadabingo9113
5 ай бұрын
Lil Ramby tryna get in them drawers
Great tips! Thanks
Ah great to see you once again,it's been a minute since I watch one of your videos I also watch your shots too,I think any thing is possible I just got to put my mind to it.
I love your videos Erika, it is helping so much. Thank you!
Erika, your such an amazing person! Thank you for all your videos and sharing your journey and knowledge. You truly are making a huge difference!!!
As someone who wants better for themselves financially, thank you from the bottom of my soul for this video.
@positive_energy8259
2 жыл бұрын
@@mokumizu4318 😉
Well done. Enjoyed every moment
You are an inspiration in so many ways!
i adore u. so humble yet prosperous. love to see it
I discovered your channel through a Short. I’m so happy I did! I’m intrigued and hooked already and as I explore your content more I’ll let you know what I decide to do. I too want to be an independent millionaire . I can tell you that you have great eye contact with the camera. It feels like your talking directly to me not a mass audience. I like that! Thank you and I’m off to explore your content. 👍
This was really helpful thanks x
You are so amazing…. Thank you very much for being so transparent.
Gurl! U are on fire! 🔥🔥🔥🔥❤️ Appreciate u so much! 🙏🏾
thank you for the inspiration :) its so refreshing to see how people think outside the box and break through the stereotypes
Thank you so much for sharing ❤ 😊 Its Amazing 👏
Appreciate your honesty
Thank you so much for sharing these
You thought me so much! Thank you for that Ericka. ‘We never stop learning, until we are no more’. Talk soon. Lady Caroline
Always great advice.
Thanks Erika, these tips are useful, please share more :)
I really like this video that you did particularly the part about exchanging time for money. I’m a mentor with the small business administration one of my mentees was using the same verbiage and I’ve used it for a long time and I’ve often said that if you can find a way to make money while you’re sleeping you got the perfect thing. Keep up the great work love it absolutely love it!
Awesome video ! I love all your tips
Excellent video!
Love Erika!
Just here to support you in your journey I saw the video where you became millionaire and I'm like im going to subscribe , I'm here for it
Amazing video quite informative 👍
You know, you connect. I like your explanation and your enthusiasm to enlighten. You have a gift.
clear, helpful and inspiring!
Great vid!
Great video!!!!
So cool thank you 🙏🏾
I just now come across your videos I love them and I subscribe to your channel.
You are an amazing person I love the way you explain the video is very encouraging
Your channel is great! The advice about using yt shorts to help your channel clearly works as that is how i found your channel! 💪
Congratulations on becoming a Millionaire. I remember your 1st video's how hard it was for all the trolls bothering you. You are an awesome example of success. Thank you for all you encouragement.
@WeartheGoodSocks
Жыл бұрын
ooh now I have to go watch her earlier videos. (new to the channel) 🙂
Hey Erika, ur back
Inflation is killing my budget and my salary. I can't invest and it seems like I will need to sell all of my risk assets to keep my head above the water this year.
Thank you
Wow! What an amazing video! I am currently in transformation of my mindset and on my way to becoming a millionaire. I knew from the day I met you that I wanted to be the "not smartest" person I YOUR room. Your courage to break free from your conditioned mindset and take action to become the person you were meant to be is inspiring. Seeing your social presence growth and impact over the last year has shown me that the dream is real if you adopt these new habits. Also, never heard of Loom. I am signing up now. I use all of your applicable referral links. Do you have an affliaye link to the book? I am following your framework to build my business 💖
thanks Erika..congrats babe..more heights
Yay it’s been a minute for long content :)
Loved this video and I feel most people would take a look at the title and coil back given you are sharing what you stopped doing to become a millionaire, it most likely hits like the word budget... sounding restrictive in nature, but ultimately setting you free.. The reality is someone has to change their mindset and lifestyle to get to millionaire status...
I'm one hour behind you lol thank you for your time 😊❤️⚖️🇺🇲
@josephmaddox1618
2 жыл бұрын
I'm sorry but IDK what does DM means ?
I really love this video thank you so much I'm from Nigeria I really need something providing me money
Everything is possible.!
“If you’re the smartest person in the room, you’re in the wrong room.” Schoolteachers: 😨
Your TikTok’s are lit 🔥
Absolutely love it! The letting go of what others think of you goes beyond starting a KZread channel. My first video (that I did post) was AWFUL. Slowly my videos got a little better (I think). Many people told me to take that video down. I told myself: "No. I want people to see the human in me, and to let them know that it is all a matter of learning, growing and improving, and doing what you love.", so thank you! This is such an important message for a happy life. ❤❤❤
I completed University 6+ years ago but up until now I haven't been able to find a job that pays me well or on time and I still have no stable source of income. This video is such an eye opener because I've been contemplating starting a KZread Channel and doing TikTok videos I know I can also become a millionaire and I'll make sure that dream comes to fruition
@kastnostones
Жыл бұрын
Start today....don't delay!
@Pinaywithadhd_19
Жыл бұрын
Keep dreaming
@xejelah
Жыл бұрын
It's been a year since you posted this so....how's it going? You're there yet? Progressing? Started at least?
@MutsyChils
Жыл бұрын
@@xejelah I have been more active on Facebook and TikTok and I started a huge garden. Also grew crops... I'm not moving as fast as I'd like but I'm definitely not where I'd like to be but far better than I was a year ago
Smart, Beautiful, Powerful and Rich Woman. I am proud of you. I am in my mid forties and still believe in the dream of becoming a millionaire. Starting the journey this year. I am not going down without a fight!!!!!
@18wheeler76
2 жыл бұрын
due to inflation everyone will be a millionaire soon
Excellent video Erika.
0.50$ story made my day...really funny:)))))
Does replying to YT count as shallow work ? Great video. Passive income is great!
@xejelah
Жыл бұрын
yup
Be patient with the results. Got it.
Would you consider making a video with suggestions for additional sources of income ("side hustles") that might be worth it?
Hi Erika!
tksm
Who are your KZread friends? André Cheek?
I'm afraid to invest because I don't trust the system. I have my money in 2 bank accounts in case one goes corrupt and keep cash at home. Lately I'm thinking about real estate because it's an actual, material thing that's a necessity for life. Even if the entire system collapses it will be usable.
Encouraging video
Thank you I miss you
I love your videos but what’s the point of being a millionaire if you can’t spend the money. I say enjoy your money and life while you are still young. I’m definitely frugal but I will treat myself to a dinner or a mani/pedi.
@divx1001
Жыл бұрын
You missed the point, she actually said that you shouldn't chase pennies...
@chimbuzi1
Жыл бұрын
Sometimes it's not about the money but rather about optionality and freedom 🤔
@Winterstick549
10 ай бұрын
You need to rewatch the video
@luiscarranza6731
5 ай бұрын
So that later in life, you can live and give like no one else. ~Ramsey~
@costa2ber
8 күн бұрын
It depends on what are your priorities. I’m a caregiver and seen elder going to the next life. Their advice “enjoy life enjoy family, and if you are gonna work do it to enjoy what you do and enjoy what you worked for. Do not be a slave to money or to your job. What’s the point of working and making a lot of money if at the end you are not going to enjoy it. Just recently I was working with a man who worked hard all of his life, he said he never big a new car that he didn’t know what the smell was, not because he didn’t have the money, but because he chose to save that money to have more for his retirement. Ask me where he is now, and if he is enjoying what he made. Others are though.
luv u💗
i love u Erika
I think "Stop Pursuing Active Income" chapter has a fault. The example of making a youtube course, specifically, and making it perfect ("as comprehensive as possible"). It sounds like a suggestion to make a huge project right away. But one really needs a lot of experience and dedication to complete it. This only applies to well experienced and extremely internally motivated people. I guess that's what it takes to be a millionaire, but IMO this part has to be said. Also striving for perfection goes against 80\20 rule, which IMO is essential to being efficient with time.
@xejelah
Жыл бұрын
Soooo,...... are you a millionaire?
Me with ADHD: “There are people who can do work without ever getting distracted?” 😳
City Harar
Erika, your advice is solid, but this is hard to apply when your living paycheque to paycheque.
@LA-do2zf
Жыл бұрын
I agree with you, this video is not for the average working person.
@xejelah
Жыл бұрын
You can't hang out with successful people and come up with a plan while working pay check to pay check?
You’re an impressive young lady.
If you are the smartest person in the room, you are in the wrong room.
Omg $480 an hour that’s amazing
Help me please, I have seven figures I want to invest. I'm retired and 67 year old man . I need a plan. Please help. Where do I begin. Banks? Fiduciary advisors? Thanks I'm glad I found you again.
Thanks for this video.. it is really eye opener, from the first point 'stop chasing pennies' it hits me hard..cos that I have been doing so far. Keep inspiring! ❤️ And you are so naturally beautiful and especially your teeth, they are amazing :-)
I found you through a KZread short.
@Erika2
2 жыл бұрын
thank you for watching!
if you are not making money as passiv income, then you are missing the time out ! subbed ! a fellow creator
1:05 🤣🤣🤣
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet
@xejelah
Жыл бұрын
Don't you have a tax accountant and financial advisors? You should with that kind of income - they'd be able to help you with all of that and make plans with you for your lifestyle and desired future.
Boy, I may need to start over with a new group of friends. Where do we meet these smarter people 🤔
If other can do why can't i
I don't want to be a product or a brand. And if I'm watching this video I'm watching a pitch.
Get Loom for free now at loom.com/erika Thank you to Loom for sponsoring a portion of this video!
@alexcaporicci3265
2 жыл бұрын
Sending short productive looms instead of holding longer meetings is a great idea!
@NifftyTheKiller
2 жыл бұрын
U look like a 16-year-old and way too young to be a lawyer LOL BTW no offence
@Animallover-ky5ss
2 жыл бұрын
I think that you're amazing I'm really glad you started posting on KZread !
@crowgrl13
2 жыл бұрын
You have a bunch of spammers in the comment threads, including some claiming to be you.
@allenrodriguez7387
2 жыл бұрын
First time ever watching one of your videos so I subscribed right away and thank you in advance for what I will hear
Oh no, someone beat me to first :(
Legal question: if I start my own youtube channel should I put in into a Tax Identification number? Thus creating a "firewall"?
❤️
Millionaire dream!
I'm all ears 👂
Are u the tiktok lawyer. ? Question Can I buy stock without ssn, using ITIN
*Suze Orman, Dave Ramsey, and Robert Kyosaki joined the chat*
I love military brats. Thank you for service.🇺🇸
If time is money, and you are limited on time, then you must take other people's time to make more money. How will you make more money if you don't subject others to what you said you don't want to do: chase pennies.
@SynterraSteen
2 жыл бұрын
Products, product based services. Reselling. You have to find a way to make money equal time.
@deepstate8474
2 жыл бұрын
@@SynterraSteen could you expand on this please?
You’ve been missed
👏🏻👏🏻👏🏻
By your logic ALL lawyers should be millionaires. Havent seen a lawyer in my area who charges LESS 5han 500/hr.
@roni-yah9342
2 жыл бұрын
Oh u missed the point buddy boy!
@joannapatterson4625
2 жыл бұрын
It’s not how much you make. It’s being very intentional about the money you have.
@missmaryjanegreen
2 жыл бұрын
So you admit you missed the entire point. Bravo 👏
@donaldlyons17
2 жыл бұрын
@@joannapatterson4625 How can that be. Making nothing means you will likely end up with nothing!!!
@joannapatterson4625
2 жыл бұрын
@@donaldlyons17 read my comment again. I meant exactly what I wrote. Be intentional with the money you have.
The Loom link does not work...I get a 404 error.