20대 청년 사업가가 실패하는 충격적인 이유 5가지

so 20 something year olds asked me on time you know Alex you are the most woke your empty house is fabulous you have a great pod your PG and you are also a billionaire if you could go back in your 20s and do it all over again what would you do and usually my response to that is I would do more drugs and the reason why I said is because I've never made a mistake in my life from 20s the 30s I made billions of dollars my house was the emptiest and I'm just I've been extremely woke my entire life it makes everything too easy and I think if I always going back to my 20s what I would want to do is I'd like to play it on hard mode you know I'll do has like hit me mode like normal mode and it has ultra nightmare mode well what I would do is I would try to accomplish the same feats on ultra nightmare mode which involves being drunk and on drugs the entire time but that's for me if you're a normal human being and you're 20 years old you we're probably a terrible entrepreneur you might think you're a great entrepreneur you might be making money but if you're anything like me outside of my jokes kits you're probably terrible and you're making tons of mistakes if I could actually go back in time being aware of these traits would have made me so much more successful I would have a much higher net worth right now I'd be making a ton more money I'd be doing so many bigger things and I really regret not being aware of these things and so I want to share these with you especially if you're in your 20s because you're not going to know about these things until it's too late and there's a few things you need to be aware of so one of the biggest things that held me back in my 20s and I see holding other twenty-year-olds back is you don't have any grasp of time then let me explain what this means when you're going from 10 years old to 18 years old nothing you really do on that timeframe affects how your 20's are going to go and what you do when your 20s greatly affects what's gonna happen in your 30s but you don't really have that concept you don't really have that that example in your life where you make a lot of decisions and then they come to fruition five six years from now you don't really see that time span you just kind of see everything is now now now no now there's just now there's one year from now max you think in like one month time spans because again there's never been a period in your life where you did something for 10 years and then and pay off and then an 11th year paid off you haven't had that time span you haven't had this action had this consequence and things happen over time and if you look at really accessible people they all play a very long game every person and I know that has a nine figure net worth or a Multi multi eight figure net worth they all played a really long game where they didn't make a lot of money upfront they didn't do things quickly they did it very very slowly because building something great takes time and if you can simply be aware of that in your 20s and think I need to start taking the longer-term action and start thinking in a 10 year time soon you're gonna have an advantage over everybody else because I by the time you're twenty eight thirty you're already built that one big long-term thing what most twenty year olds do is they build business after business after business and in none of the businesses really do anything and they either get stuck in that trend for like that till their 50s I still see people doing this dumb dumb stuff or they finally realize like oh man I need to start thinking way more long term because again you've not ever seen in your life how something is playing today affects what's gonna happen five years from now if you start thinking in that time span and what's most profitable over ten years versus this year you're going to be set up for so much more success and the reason why 20 year olds can't do this is mostly because of bad goals and bad metrics that are influenced by peer pressure and this comes from a variety of reasons but usually when you're in your 20s you haven't learned that other people really aren't important what they think really is important and what people say is important really isn't important and there's a lot of peer pressure you're looking at social media you're looking Instagram and your model for what success is supposed to be is completely flawed and your models for how to think is completely thawed because we're a successful entrepreneur looks like it's a person spending a ton of money at the club with the Ferrari and doing all these things and making money super quickly and being flashy and competent all these these things it's it's simply not and so what your metrics come down to is you're usually gonna be looking at how much money you make and how quickly you make it and this is really bad because how much money a business makes us under reflection of where the business is going to go long term if a business is super profitable to quickly usually something isn't built right usually it's built on a house of cards and because your metrics are more focused around cash like most other twenty year olds because you want to succeed in your social circle and you're also you really have a social circle that's built to people that aren't usually entrepreneurs either usually gonna have your college friends you're going to be highschool friends are gonna have people that you meet just in circles there aren't really other entrepreneurs and so you just have really bad metrics and guidelines to operate around you're not really hanging out with other people that are very successful you're not really listening those people you're usually listening the people they're in social media and the people around you those are bad guidelines because it's gonna focus you on money and what you really need to be focused on is mastery of what you're doing and building something long-term and if you can focus on that instead of making money for example the best companies usually don't make money for a couple years but then they go and they have huge valuations like for example teachable never made money and the guy just exited for 250 million dollars that's the point I'm trying to make and if you can focus more on company growth building great teams building a great product versus making money quickly if those are your metrics you're going to be way more successful over a 10-year period you might not be more successful over a one year period but again most twenty years are gonna be focusing on that short term and then finally because a 20 year old is usually focused on the short term then they never really think long term very quickly they're super risk adverse when you're in your 20s it's so silly to me that 20 year olds are usually the most risk-averse people they're always thinking about money they can't lose money they hired the cheapest people they take the shortest of shortcuts all avoid losing money and going backwards because you think what you've reached one point like that's that's it you think there's gonna be some finality to what you're doing there is not usually when it comes to being successful and growing as a person you have to go backwards a whole lot you have to get to a certain point and say this is this point it's not gonna get me this point you have to actually go backwards you have to do a reverse most 20 year olds won't do that for the reasons I just discussed but also they haven't learned that going backwards is okay usually what happens is you have this trajectory when you turned 20 and you start making more money through a job or business where you go up and up and up and up and up and you have to keep sustaining that up and up and up and if you go backwards you think that's the worst possible thing you can do for example when I was in my 20s I had to make more money every month than I did the month before and if I didn't it was a bad month that's the sicilius metrics to operate them around it's gonna block you from so many opportunities when you're in your 20s keep your lifestyle costs super low keep them super low so you can just take massive amounts of risk because you have so much time to take risk and it's not about where you are and if you're up one month from now or two months from now it's about if you're up ten years from now and if you're not taking big risk or things that won't make money quickly you're just not going to be successful as you could be so if you're 20 stop being risk averse stop taking shortcuts to make more money start thinking over a 10 20 year period because what you do in your 20s will affect when you're 30 and 40 it's not like when you're 10 years old 18 years old and that doesn't really affect what's going on your 20s it's completely different start playing a long-term game of chess and that's usually how you're gonna be a much better entrepreneur in your twenties if I had known that I wouldn't done I would have done a lot smarter things so that being said guys if you like videos like this be sure to like subscribe hit a notification bell because I run ads giving away thousands of dollars worth of my old courses completely for free but you have to be subscribed like and hit the notification bell or you won't see those ads and I can target that on AdWords so that being said leave a comment below and if you like videos like this then [Music] [Music]