The Two Elements of SelfImprovement
[Music]
everybody likes money it’s an essential
aspect of our daily lives that controls
society
we use it for exchanging goods and
services as well as a benchmark for our
success
now knowledge and health follow the same
principle we deem people who are smarter
or more fit than us just
as better now wanting to become better
is in the mindset of all of us
it matters whether we put in the effort
or not so
how can you improve all three aspects
money making
boosting health and attaining knowledge
well the answer consists of two parts
and it’s a very simple structure
aspect number one investment this is
essentially investing and setting aside
time money or any other resource to
reach your goal
now this might seem like common sense
but most people say that they’re going
to do something
but end up not doing it due to laziness
or
not having enough time we’re all guilty
of
now if you truly care about something
you will make time and you will think of
a way to achieve that goal
so let’s take the concept of investing
resources and
apply it to the stock market or our
money making concept
so here’s a table that shows how much
money you need to invest
in order to become a millionaire by age
as you can see the younger you start the
less money you have to invest
per day per month or even per year to
become a millionaire by age 65.
if you want to invest more go ahead make
the million come to you faster
by investing money and time you get to
enjoy your life more
by slowly improving your wealth over
time you can invest your money into any
company
may that be google amazon walmart tesla
or many many more
now this is a side hustle a way to make
money not from your direct
income so the moral of the table that i
just showed you was that the sooner you
start
investing money the less effort is
required to reach a million
and this moral can be applied to any
goal that you that you create
now from this question from this
question arises would you be willing to
exchange money and time and resources in
your youth
in order to have a better life when
you’re older or would you rather spend
that time and money now
create lots of good memories have the
time of your life only to not be so
wealthy knowledgeable or healthy by the
time you reach middle age
there’s no concrete answer it’s
completely your choice
now knowledge of health follow the same
principle invest
money and time and you’ll be greatly
rewarded throughout your journey
buy books or courses for improving your
overall health
or your knowledge or buy a personal
trainer that can help you to change your
dream body
overall it all boils down to whether you
are
able to achieve you’re willing to
achieve your goal
not think about it actually take the
leap towards your goal
now the hardest part of your journey
will be aspect number two
motivation motivation differs from first
person
now some people want to become rich to
have a great life for themselves
others to give money to organizations
that make the world a better place
some people want to have an aesthetic
body for showing off others for their
overall fitness
it differs now motivation is the burning
sensation inside of you that either one
that either wants to continue
ferociously
or wants to give up because you aren’t
seeing results or it seems to risky
you have to realize that by investing
into a better view
it doesn’t matter whether you might have
pitfalls in your journey continue
whereas the phrase goes keep your eyes
on the prize
let me give you a personal example of my
virtual stock trading account
so one and a half years ago when i was
13 years old
i wanted to learn more about the stock
market i wanted to become rich because
that’s what every single teenager dreams
of
so i went on the internet and i found
myself a virtual stock trading program
which essentially lets me simulate my
investments as if
there it was real money so in its base
form it was essentially a game
now for the first six months everything
was going great i was learning i was
doing basic analysis on companies and i
was making
incremental profits every single week
main point was i was learning and that’s
what i strive for
and then in march 2020 the kovin-19
pandemic started to
majorly influence the markets businesses
closed
people started panicking the stock
market crashed
and so did my portfolio this
is a table that shows the overall
returns of my portfolio
and the dates which correspond to the
overall returns
so before march 2020 you can see i was
up
plus four percent that was the product
of six months of
work and basic analysis of companies and
semi-wise investment decisions
and then on march 3rd my portfolio was
down to minus five and a half a week
later it was down to minus 10
two more weeks later and i was down to
minus 20
and it kept on falling and on that on
april third i reached the lowest point
in my portfolio
which was minus 23 percent
to put it into perspective minus 23
percent essentially law
essentially meant that i had lost 23 000
that is a vast sum of money especially
for a 13 year old
and it didn’t matter to me whether the
money was real or not
i treated this as a game of knowledge as
a game to better myself
so i treated that money as real and
i felt horrible i mean i lost 23 000
i mean what can i do now i was genuinely
set on
closing my account never looking at this
game again
and just giving up but then i thought to
myself
my main motive was to learn right and i
am in the middle
of the biggest market crash in modern
history
why don’t i use this as a learning
opportunity so
i set myself a goal of coming back from
minus 23
to plus zero to the positives and for
the next six months
i kept my eyes on the prize i kept on
working for that
and after those six months when the game
finally closed i was left with a screen
that looked like this overall returns
plus 3.6 overall gains three thousand
six hundred dollars
i felt immensely proud that i that i
persevered
through a loss of twenty three thousand
dollars
that i managed to accumulate all of this
knowledge just from not giving up
now if keeping your eyes on a prize
doesn’t fully work
you can create sub goals like if i
finish this book
i get to go out with my friends and have
a blast or if i throw this dumbbell 15
times the heavier weight
i get to make waffles for breakfast
tomorrow and doesn’t that just look
wonderful
if you’re not a waffle person pancakes
are a great alternative
fundamentally it doesn’t really matter
what your goal is
find ways to never lose hope and
motivation to succeed and you’ll achieve
your goal much faster than you planned
so in style improvement can be achieved
in two parts
part number one invest time money or any
other resource that you need
and part number two have the pure have
pure persistence
or find ways to never lose hope and
motivation to succeed
all of this adds up to a better version
of you
now ask yourself do you want to continue
your life the way it is
or do you want to take control of it and
improve
it’s all up to you thank you for coming
you