MILLIONAIRE IDEA
Study concept of millionaire to better life
Saturday, August 8, 2020
Tuesday, August 4, 2020
7 Ways to CONVINCE People To BUY Your Product
What's up Believe Nation,
it's Evan. My one word is believe and I believe in
people more than they believe in themselves. And my sincere hope is that if you
see in you what I see in you you'll be able to change the planet. So to help
you on your journey today I'm going to talk about the seven ways to convince
people to buy your product. -- So one of the most common challenges for entrepreneurs
is we've got a great product or service to sell and we've got to get out there
and sell it. How do you convince people that they need to buy your thing? I'm
going to give you my seven tips. Tip number one is to change
your mindset. I'm not from the old school sales philosophy where you see that
next person coming in as your next suit, or as your next car, or hitting your
next bonus. From my perspective what's really important is you're
trying to serve them. You're trying to actually help this person make a good
decision. That may mean pushing them a little bit, that may mean once you
understand them to give them the best solution. And we'll go through the
points. But it starts with the mindset of you are there to serve, you are there
to help and not just try to close. I'm not trying to convince anybody of
anything.
I want to help the person coming through the door. And if you
start with that approach I think every other step becomes a lot easier. The
reason why it's so important is because you can spend so much of your time
dealing with people who are not good fits for your business. A lot of
people, a lot of you guys, if you have a list of potential leads or prospects, a
lot of these people will never buy from you. And you either spend your time
trying to convince the people who are not fits for your company to buy from you.
And it's a long, slow, painful, awkward process for both
of you. Or you abandon that person and you use that time to focus on finding
people who are good fits for your business. And so spend less time
trying to convince everybody and more time finding and helping the people who
you can help. Step number two is to listen to them. The best tool that you have
as a salesperson is your ears. There's a common saying of
there's a reason why you have two ears and one mouth. You need to be able to
listen to your customers, to understand what they're looking for.
The worst salesperson and you can even experience it
whatever you're going to go out and buy at if your deal with the salesperson is
they're just talking at you, talking, talking, talking, talking, talking. You're
probably going to get one, really annoyed. And two, a lot of what
they're saying is not going to help you. And so if you want to switch that if
you want to be a great salesperson your first step is to listen to what the
people are saying. Listen to what their problems are. Listen to try to
find points that you understand their challenge and then it's easy to come up
with a solution that will help them. Also as people are talking
it helps them to feel a little bit more understood which improves your sales
process cycle, as well. Tip number three is understand their why.
This is always a really important process and one where a
lot of sales people fall down. Because people come in with one reason for why
they think they're buying from you. Or why they think they're interested.
But there's always a deeper reason which they may
acknowledge or they may need a couple probing questions to figure out. So as an
example, people come to dance here, right. Stronger Than Salsa, one of the
largest dance school for salsa in Canada for sure, maybe North America. Why do
people come here? When you ask them at the beginning it's, well I want to learn
some steps, I want to you know I thought salsa was interesting. I want
to come and learn. And it's a very surface level answer, it doesn't give me
anything. If I'm trying to sell this person, if I'm trying to help
this person make a decision as to which class might be a right fit or even if
our school is a good fit for them or not,
I need to understand why they're
coming here, right? So as an example, if what they all they
care about is the steps and and their goal is to perform and they want to be one
of the world's greatest salsa dancers, I'm not going to sell them on a group
class because you learn more slowly. Maybe they want to do private
lessons with an instructor to learn as quickly as possible. Most people though
what they do is they come and they want to meet people. Maybe they just broke up
with somebody and they want to get into a new relationship. Maybe they
just moved to the city and they want to make new friends. Maybe they're not
happy with their work and they just need an escape to go. Maybe they haven't
made any friends since University and the people at their work they don't really
like. Or they're an entrepreneur and they work by themselves
and they want to come and meet people, right. If that's the incentive to
want to join, that's good (mumbling) because when I'm done talking to them I can
frame everything in a situation that really helps them best. And so you have to
understand the why behind the why. Usually it's not the first
answer but it's the second or the third answer. So when you ask them why
did you find us, what inspired you to call, what inspired you to come into my
store, what inspired you to send me that email ask one-level why at least deeper
after you get that first response. Because almost by default and
this is when you're dealing with a team member this is when you're dealing with
investors, when you deal with media there's always a why behind the why.
So ask the why and then when they give you a response ask
a second why or third why underneath to get to the real core. Because if you
understand what really moves them you understand the true intention behind it.
And probing them a little bit to figure that out you have
a much better chance of giving them the best option and closing that sale. Tip
number four is make a connection. At the beginning of this process there's
always this kind of standoff right. Nobody likes to be sold.
Nobody likes being sold to. People like the buy but they don't like being sold
to. And so whenever a salesperson comes up to somebody
immediately like you tighten up, you hold in your breath, you don't want to
reveal too much, you don't want to be hard pressure sold. That's a typical
reaction that happens a lot. But they do want
information, they do want somebody to help them. And so by figuring out their
why right the why behind the why, the next step that you want to do is make a
personal connection with them somehow. Show them that you understand their why.
So if you if they're talking about wanting to come take a
dance class because they want to make new friends, because they haven't made any
friends since college right. Or if they are trying to
get into relationship, they're hoping to meet somebody because they just broke
up with somebody try to hear a personal story that relates to them. So sharing a
good personal story, one, shows that you listen to them. One, shows that
you are understanding them. And then also shows that you have a solution for
them because you've gone through it yourself. Because you know what
situation they're in, you've come through it and now I'm going to show you the
path to do it yourself. And so if someone was talking like that as an example I
would share about all the great friendships that I've made through dancing.
How my social circle exploded because I took dance classes
became part of the salsa community. That's one of the most friendly communities,
I think, in the world. I did ballroom dancing, didn't meet anybody. I took
salsa, my friend circle exploded. I then met my wife. If
you're talking relationships I met my wife through a salsa dancing.
It's a great way to be able to meet people because you're
in a dance class and you're rotating partners every couple minutes so you get to
know all the members of the opposite sex in your class. And when you go
out to socials and parties part of the process is you're dancing with lots of
different people. You don't just stick with one partner all night you're dancing
with 20, 30, 40 different people from the opposite sex in one night.
And so friendships just naturally happen, relationships
just naturally happen. And I can share my story. And so if I
understand that that's your real why behind the why and then I share with you my
personal story not as a sales pitch to try to convince you but a deep
understanding of I am I acknowledge this fear that you have, and this pain that
you have, and this desire you have. And then here's how I solved it
then it's much easier to get them to follow that path with you. You disarm them,
they feel like they're not being sold anymore but you're actually trying to help
them. Tip number five is recommend a solution that fits. And so
once you've asked the why behind the why and once you've made that connection
with them then you have to think, okay, I now really know what this person wants
and I know why they want it. Now I need to figure out
what's the best option for me to be able to give that person. Well try to dance
salsa, we have lots of different classes. We have lots of different
options we have salsa, we have bachata, we have performance groups, we have
private lessons. We have lots of different things that you could potentially do.
And as I'm talking to somebody you know we'll be listening
okay, here's what they need, here's what they're asking for. That's an X, that's
a yes. And in some cases and this is this is bold but this earns
a lot of trust it may mean that you recommend them outside of your company.
Maybe the best thing for them to do is not be a part of your company.
So example, when people call in to us to say, hey, do you
have a kids program? Well we don't right now, there is no kids program. It's
something that we've thought about, we're looking into, but it's not a highest
priority right now for us. And so instead of just
saying no it could also be okay, here are some options. If you get the question
enough you can look at different options. Here are some other schools that
provide kids programs. So maybe I'm sending my
potential customer to one of my competitors but it's the best thing for them.
And they'll remember it. It's not often that that happens that a companies
willing to recommend you to their competition. And whether you want to
take that bold step or not I can guarantee you that it net net wins for you
because they remember that relationship. And if they have another potential
option or question they're going to come back to you. But even if you
don't recommend off to a competing product just be able to recommend the right
thing for them, not just the thing that you're trying to sell more of. So a
great example a buddy of mine named Louis runs a company called Last Minute
Training. They sell all sorts of different training. So example, if
you want to learn Excel he'll put you into different Excel classes. He knows
which Excel classes best fit for the customer but he also knows the ones that
are going to make him the most money. He will always do the best
thing for the customer even if he's going to make more money off of this course
and send them on this day but he knows it doesn't quite fit their criteria.
He doesn't doesn't quite give them what they want he
focuses on the customer experience first and that in turn wins loyalty. I mean
it's a it's a great way of doing business it earns team respect and team
loyalty. So it's not just about the money. But it also keeps the
client. If they know that you gave them the best option for them even if you're
losing a little bit of money because of it it earns their trust, it earns their
loyalty, it earns their referrals. And it's a great way to do
business Tip number six is go above and beyond. You need to get referrals for
your business. Unless you have money to go
and buy Super Bowl commercials and spend a ton of money on ads, entrepreneurs
often build their business through referrals. You do a fantastic job for
somebody and then they hopefully come back for repeat business. But it
also may be the business where they may not want to buy from you for another two
or three years or five years, depending on the industry. But you want them to
refer people on to you. You want people to pass
your name on to them because of the great experience that you gave them. And
unfortunately providing a good product or service isn't enough. Like you
could give them everything that they wanted, everything that they asked for, but
is that's just the bare minimum. Because remember your customers are busy
people. Think about how busy you are, think about all the things
that you have bought in the past year. How many of those things
have you referred on to your friends? Like how many of those do go out of your
way? Sure if somebody asks you, hey do you have a real estate agent you can
refer me to maybe you pass on the name. But that you go out of your
way to say, man I had this crazy experience with this real estate agent. This
guy is so amazing I need to tell you about that. How many times have you done
that? Probably not that much. Most companies operate at a
pretty high level of mediocrity. And most companies don't even get to the point
where you're you know really satisfied but that's the bare minimum to entry.
Just solving somebody's problem is not enough. You have to think about how
you can go above and beyond to make it a special, not just product or service,
but experience for them. So every time they are
involved with your company in any way a phone call, in person, email, social
media however they're interacting with you they feel great as a result. On top
of getting the product, service, benefits that you promised. On top of
solving their problem. And so be looking at
through the entire process of dealing with a customer how can you make the
experience better, more enjoyable, more memorable, more pleasant so they can't
help but go and tell their friends about this amazing time that they just had
with this insane customer service story that you were able
to provide for them. One of the things that we always do at TDS as part of our
process is the last step. So we have the checklist of things that we want to do
for customers when they call in. The last step is always
look for a way to go above and beyond. Part of that is understanding the why
like to give them something that is really above and beyond you have to
understand what their why was. You have to understand why
they're getting into it. So an example, somebody new to the city wants to make
new friends, wants to get to know the city feels like dance class is a great way
to do it. Perfect, let's look at solving the problems. Let's look and get
into them too into a class that would be the best fit for them. Salsa, bachata
whatever it is. Great, we found the class, perfect signed up. Happy pleasant
experience on the phone. It's not enough, we have to go above and beyond.
Thinking about, here's a person who's new to the city, what can
we do that will really help them? Well is it thinking about other events that
happen in the city? Is it, is it understanding what neighborhood they're part of
and different festivals that you really like going to?
Is it recommending restaurants that you've had a great experience at that they
absolutely should go and try because you know they told you on the phone
something about their personal preference. Like you got to find
something that really tags you to them. Not just because it's a strategy it's
just it's a good thing to do like you'll feel more fulfilled that you're really
deeply meaningfully helping these customers. And they'll feel a lot more
honesty and trust and loyalty towards you that they'll not only want to come
back and look forward to that first experience, come back for future
experiences, but also tell their friends. You need the word of mouth
and that comes from providing an extraordinary experience on top of the product
or service that you're selling. Tip number seven is model success. Remember any
problem that you have right now somebody's already solved it.
There's a lot of great people who've done a lot of great
different sales training that you can pick from. It doesn't mean you have to
follow anybody's methodology exactly to the to the T. I've given you seven tips
here today. You may like two of them, great. Apply that your business, see
if it works and see if it doesn't. It's never been easier to reach out to
experts. If you're at a company you know maybe there's somebody above you who
can reach out to. But also just in general experts. People putting on
live YouTube hangouts, people who are on Twitter, people who are on Snapchat you
can make a video and reach out to somebody who knows what they're talking about
and get direct feedback for your business. It's never been easier to do it.
And whether you're doing that, whether you're watching
videos, whether you're reading books constantly educate yourself. Remember that
that big problem that you're facing you don't have to come up with every single
ingenious idea yourself. Somebody has already figured it
out. Learn from them, take what works for you apply it to your business and take
off. So those are my seven tips on ways to convince somebody to buy your
product. I'd love to know what do you guys think. What was your
favorite tip? What are you going to apply immediately into your process, share
it down below. Did I miss an eight, nine, ten that you want to add to the list?
Leave it down in the comments. If you leave a comment
within a couple hours of this video going live you are entered into our contest
for two daily prizes. I made this video because Syed Abbas asked me to.
So if there's a topic you'd like me to cover in a future
seven ways video check out the link in the description, click on that, go leave
your topic, go vote on the other ones that are there and you might get lucky and
I'll cover it next time. I also want to give a
quick shout out to Regina Ross Thomas. Regina thank you so much for picking up a
copy of my book Your One Word and taking that picture and sending it to me. I
love the smile, I love the background. I hope you're enjoying
the read and I really really appreciate the support. Thank you guys again for
watching. I believe in you, I hope you continue to believe in yourself and
whatever your one word is. Much love, I'll see you soon. marketing is
about giving your customer choices. Not too many, not too little, just the right
amount, and let them believe that it is their choice to make that purchase and
make that buying decision.
Monday, August 3, 2020
Poor Or Rich depend on you
American billionaires earned $434 billion during the
pandemic. It seems like everyone should suffer in one way or another, even
billionaires, because the entire nation was a lockdown. But the exact opposite
is happening. Jeff Bezos added 35 billion dollars to his net worth in the
last few months since the pandemic has started and even witnessed his net worth
to hit records high a 189 billion dollars. Zuckerburg was also one of the
biggest gainers. He added over 25 billion dollars to his net worth in this
pandemic. These numbers are uncomprehensive to ordinary people. And that's not
by accident. The modern capitalistic world we have built over the
centuries is designed to favor the rich over the let's say not so fortunate.
It's actually much more expensive to be poor than rich. It might sound a
bit controversial but hear me out because when you have extra money sitting in
your bank account, a lot of things suddenly get cheaper. So before we
start, just smash that like button, because apparently, that's what the YouTube
algorithm wants. And now, since you have smashed that like button, we can get
right into the video. Leverage: the tool that keeps the
rich richer If you have ever tried to get a loan from your local bank, they
probably asked to check your credit score.
As a bank, you want to
lend money to people who are financially responsible and have the means to pay
back that loan plus interest on top of that, which is the whole purpose of a
bank. So they will check your credit history, your income,
maybe your assets, and based on all of that, they will base their decision on
whether to give you a mortgage. If you have a low credit
score or low income, you might be rejected and end up renting instead of
becoming a homeowner, even if that means waiting for 25 years for complete
ownership. But Let's say you are an amateur with an average salary
and with a decent credit score and let's say the bank approves your margate. You
can expect a margate rate of 3 to 4 percent, which is not bad. But do you
know what Zuckerburg's mortgage rate? 1 percent. That sounds insane! The guy has
a net worth of 90 billion dollars. Why on earth would the bank
charge him 1 percent and someone who is struggling financially and barely makes
ends meet, the bank would charge him like 4 percent. In fact, the inflation rate
is around 2 to 3 percent. How is that even possible?
It might not make sense to you, but that's how it works. Lending a few million
dollars to Zuckerburg isn't risky at all. I mean he can pay his mortgage easily
at any point he can even buy the bank maybe. While you who are hardly
making your monthly payments can default on your loan, so the bigger the risk,
the more they are going to charge you. This is, of course, an extreme example.
Comparing one of the richest people to an average person isn't
fair, but even if you are moderately rich, let's say with a net of just a few
million dollars, you are a much safer bet to financial institutions than your
friend Billy who lives paycheck to paycheck. Considering that
purchasing a house is the biggest transaction in most people's lives, your house
is going to cost much less if you are rich compared to someone who has a lower
income. That's just part of the equation. Let's say you have 25 thousand
dollars. What are your investment options, if you want to buy a
house and rent it out? You probably need a lot more. The median house price in
the US is around 200K dollars. It will take you a lifetime to save another 175K
dollar. But if you are rich, with your 25K dollars you can make an
investment that worth 200 thousand dollars, any bank would gladly provide you
with a mortgage even if you plan to rent it out and pocket the difference after
deducing all of your expenses and create another source of cash
flow. The exact same 25K dollars worth a lot more in the hands of a rich person
than in a poor person. Because if you have low income
and already have a mortgage, chances that the bank will approve another mortgage
are extremely low. What's also quite interesting
is that since its a mortgage, you can deduct it from your income and avoid
paying taxes, while as a poor person, you will have to pay every dime in taxes.
Let's say you have 1 million dollars in cash and you want to
invest in real estate. The logical option is to
buy a property and then rent it out, but why do that when you can head to your
local bank and use leverage to purchase real estate worth 5 million dollars and
create even a bigger source of income. Let's say you came across an
opportunity to purchase a car for 10 thousand dollars. You buy the car and turn
around and sell it for 11K dollars. Congrats! You made 1 thousand dollars in
profit. But here is a better idea. If you use leverage, You
can borrow 990K dollars, and now you have 1 million dollars. You turn around and
buy 100 cars and sell them for 1.1 million dollars. After paying back
your bank the 990K dollars plus interest, which amounts to 10K dollars, and if
we deduct your initial 10 thousand dollars you have used, you are left with 90
thousand dollars in profit. Leverage allows you to earn a
hundred times more than you would otherwise. The hidden tax on the poor We have
already talked about how the rich always find loopholes in tax systems to avoid
paying taxes. However, there are other kinds
of taxes that we all have to pay no matter who you are, such as sales tax or
property taxes. The latest iPhone might cost $999, but if you are buying it in
California, you will pay a sales tax of %7,75, which will amount to
77.5
USD. They are known as regressive taxes, a fixed
percentage over particular goods or services. The keyword here is a fixed
percentage. At first glance they seem fair, everyone pays the same percentage,
but in reality, poor people pay far more. Regressive taxes don't
differentiate rich people from the poor. It doesn't matter whether you are
earning 1 billion dollars or 50 thousand dollars a year, both of you are going
to pay the exact same 77.5 dollars in taxes. To your fellow
billionaire, that's not even money, its an extremely small percentage of his
income (0.0000000775%) but to you who is earning 50K a year, that might be one
week of groceries. We pay regressive taxes every single day every time we buy
something. The missed opportunity But the biggest cost by far is the
opportunity cost. When you are struggling financially, your primary concern is
to put food on the table. You don't have time to think and contemplate to figure
out what could be the next big thing. Opportunities are everywhere, but you
need the time to figure them out. However, when you barely make ends meet, you
don't even think about it and end up missing all those opportunities to make
much more money. Even if you want to take advantage of them, you can't
afford to take time off. Whereas if you are financially free, you can take all
the time you want and end up earning much more in a very short period. But this
concept goes far beyond. It turns into a lifestyle
where you are much more price-sensitive and end up buying what's cheaper instead
of what's really valuable. And no one can blame you
for that because every penny makes a huge difference in your lifestyle,
especially if you have a family to feed. It's not easy to break the cycle of
poverty, but here are a few pieces of advice I can give you. First, always
use a credit card, But use it responsibly, which means never borrow more than
what you can pay back and always cover your debts on time. You have to build a
good credit score to be trustworthy in the eyes of financial institutions.
And secondly, don't be distracted by short term rewards.
Focus on making your time more valuable; don't be afraid to invest in yourself.
A higher price doesn't always mean a better product or
service but always look for more value in return for your time and money. And if
you want to see more similar videos, make sure to subscribe to our channel.
We are always trying to put our best into every single
video and bring maximum value to you because we know that your time is the most
precious thing you have, so make sure you subscribe and keep the notifications
on. In case if you want to support us for additional perks,
you can check out our pattern page.
Sources found:
Click on the highlighted sentence to
see sources.
- <1% https://www.askamanager.org/2018/06/my-c
- <1% https://forums.whirlpool.net.au/archive/
- 1% https://www.fool.com/millionacres/real-e
- <1% https://news.ycombinator.com/item?id=157
- <1% https://www.iwillteachyoutoberich.com/bl
- <1% https://www.crowdholding.com/blog/232/to
- <1% https://www.lifehack.org/articles/money/
- 1% https://teamtreehouse.com/library/nested
Internet Pages
Friday, July 31, 2020
How To Start With No Money
That's probably one of the most common questions I get from YouTube, that Dan
how do I start with no money? How do I get started when I am in high school? How
do I get started when I'm in my 20's. Or what should I do, I have
limited resources?
When you have no money, how do get started?
Very simple, you get a fucking job. Get a fucking job. You need some money
coming in to do anything. You wanna improve your
skills? You wanna buy that book? You wanna get education? You need money. Even
to survive, just to eat, you need money. You can't just wait around
and watch a fucking video and bitch and complain and say oh what should I do? Do
something, get a fucking job. I don't care what job it is, just to get some
money coming in. Little bit of money, nothing wrong with that. I was
working in a supermarket, making minimum wage. Washing fucking, like cleaning
toilets and stocking cans on the shelves. I went through that
period of time, what's wrong with that? You cannot just say oh I got so much
pride, I'm gonna be a fucking entrepreneur. Get a fucking job. You can't even
get a fucking job forget being entrepreneur. Do that first. Then, in your
spare time, a side hustle. On the side, then you can start something on the
side. Now, if you have not watch my other videos on high income skills, make
sure you watch that. In that video I talk about the importance of high income
skill. Now, what is a high income skill? I define a high income
skill is a skill that can make you $10,000 or more per month. It is not a
business, it is a skill set that you can develop, that you can sell, you can
offer to the marketplace in exchange of money. You are trading hours for
dollars, however you're trading hours for high dollars. And I give you plenty of
examples in that video, so I'm not gonna go into that here. You can go here to
watch that. So, in your spare time. You're working your day job,
whatever it is that you do. Nighttime, you develop your high income skill. You
start earning and earning more money. When your high income skill... Let's say
hypothetically you're making $2K a month from your job, $2K a month.
And, in your spare time, you're learning and developing a
high income skill. Whatever it is, the skill that you choose to develop. Then as
your high income skills producing making you more money. It could be $2,000,
$3,000, $4,000. Then, you can quit your job, and now just pursue this full
time. Get it up to the $5, $6, $10, $15K a month. From there, you're making
money, you're paying the bills. You are eating, it's a good idea to eat.
You are taking care of your family, you've got a roof over
your head, you're making good living, a decent living. Then from there, if you
want to, you can think about if you wanna start a business. What is it,
other options that you can purse? But, you need to get to that point first. The
problem is, with you guys, watching videos on YouTube. You see all these people
talking about entrepreneurship, about business. You want to get to this
point overnight. Or you want to get to this point without going through these
steps. It doesn't fucking work and this paralyze you, because from where you are
to where you wanna go... You're making fucking no money,
you wanna buy a Rolls Royce. Give me a fucking break, who the fuck are you? You
need to go from here. Just get a fucking job. Let's just go from here to here.
Get a fucking job making a $1,000, $2,000 a month. From there, side
hustle. High income skill, go to $2,000, $3,000, $4,000, $5,000, $10,000. Get to
that $100K a year, $200K a year. Now you are at a different place. From there,
you start your business. You grow, you market, you sale. Then from there,
you scale with your team. You get closer and closer. And then you do investing.
Now you invest, you have your money work for you. Don't ask questions at this
level, when you're at this level. Ask questions at this
level, and go through this first. The problem is, with social media, that you
don't know how to filter. You don't know how to think independently, and you
don't know what is the right advice for you at this given time for you.
And that's why you're confused. That's why you're
overwhelmed, because everybody's saying different things and you don't know okay
what's the right thing for me? What is the right thing for you is from here.
If this is where you're starting or if you're here then
take the advice from this, and then utilize exactly what I'm teaching you.
Go to that next level, and the next level, and then
eventually, if you're fucking good, and you're persistent you'll get to here
someday. But you're not gonna get there overnight. So, don't daydream about oh
people on Instagram. They are driving this car,
they go on their vacation, they're living in their big mansion or whatever. And
you're making fucking like nothing. Don't do that, don't do that. Start with
here, get that fucking job. Baby step, as long as you're getting closer.
Every single month, every single year, you're getting closer
to your goal, you're doing fucking good. Does that make sense?
Tuesday, July 28, 2020
An Overnight Millionaire -A Tanzanian Miner Finds Tanzanite Rocks Worth Over 3 Million Dollars
this report Tanzanian and minor became a millionaire overnight. On a small scale, a minor in Tanzania has become an overnight millionaire after selling two rough tanzanite stones. The biggest ever found in the country, tanzanite is a rare gem, only found in Tanzania. So it makes it that more special sunny, new laser earned three-point $4 million from the country's mining ministry for the gemstones, which had a combined weight of 15 kilograms quote. There will be a big party tomorrow said Mr. Lazar, a father of more than 30 children. Yeah, you heard me? I said, 30 children. He had 30 children. He needed that money. Tanzanite is only found in Northern Tanzania and used to make ornaments. It is one of the rarest gemstones on earth and one local geologist estimated supply may be entirely depleted within the next 20 years. The precious stones are penalized in its variety of Hughes, including green, red, purple, and blue it values is determined by rare tea. The finer, the color of clarity, the higher the price, Mr. Lazar, mind the stones weighing 9.2 kilograms and 5.8
kilograms last week, but he sold them on Wednesday during a trading event in the Northern regional manera, until now the largest tanzanite rock to be mind weight 3.3 kilograms, president John McGrew fully formed in to congratulate. Mr. Lazar on the find, the president said, this is the benefit of small scale miners. And this proves that Tanzania is rich. Like, can you imagine waking up and just becoming a millionaire overnight, finding the largest gemstone ever found the largest that I've ever been found was 3.8 kilograms. This guy found a 9.2 and 5.8-kilogram gemstones. I'm assuming that they, he just woke up thinking I have a lot of bills to pay this 30 kids. This is a lot like, what do I do? And then he goes mental and God was like, say no more. And he's a freaking millionaire. That is such an awesome new sit here. Mr. Lazar said he would slaughter one of his cows to celebrate. He also plans to invest in his community in inci Monjimero districts in Manyara. I want to build a shopping mall and a school. I want to build a school near my home. Many poor people around here can't afford to take their children to school. I am not educated, but I like things to run professionally. So I would like my children to run the business professionally. He said the windfall would not change his lifestyle and that he planned to continue looking after his 2000 cows. He said he did not need to take any extra precautions. Despite his newfound riches. I found what he wanted to do noble. I think all of us can learn from this guy. He became a millionaire and he does not intend to change his lifestyle. He will still be living his own life will still have his cows and his wives. Yes. He has four wives.
Um, so he says he does not intend to change his lifestyle at all, but he would want to build a mall and a school nearby because there are lots of poor children that cannot afford to go to school, which is noble of him to do that. And I hope that works. And he says he has not gone to school. So he's not a professional, but he likes how things are handled professionally. So he would like his children to learn and do it in a professional manner, which I appreciated. But I learned one thing because of the story. I did not know that private miners are allowed to go and mine in Tanzania. And if you find it, you have it, you can sell it. And it's yours. Most places, it's not like that. You need to have a contract. You need to be a multinational. So I liked that because this support, even the locals to just go and work for their money work to find these gemstones. Because as I said, tanzanite is only found in Tanzania, glowing in hues of blue-violet and Indigo. Tanzania is a precious stone that can only be found in Tanzania. Some say it's rare in a diamond. That is exactly why it is very special. It's even special than a diamond. You can get it in a lot of places, a lot of areas, but Tanzania is only found in Tanzania. So I found that to be interesting as well in this story. I wonder what most of us will do.
If we become a millionaire in one night, we will change where we live, how we live, our tastes change, or will we be like this guy and say, I don't need to change my lifestyle. I have a good lifestyle. I'll just make sure that it is a quality life. Or I give back to the community. I build a school or we like the latest Gucci belt and the Lamborghinis and all these glamorized lifestyles that we see in the reality shows and the movies and you know, the rap game, what are we going to do with that money that just, you know, happened to fall in our lap. Do let us know what you will do if that was you and what would you have done.
Monday, July 27, 2020
How To Become A Millionaire By 30│12 Steps To Become Rich
In this video, we look at 12 steps on how to become a millionaire before 30 years old. Some people try to build wealth well before their 60’s, so they work hard to achieve this level of success by 30. They want to enjoy their wealth while they’re young and energized, rather than at the end of their working lives. Seems like a lofty goal, right?
━Contents of this video ━━━━━━━━━━━
Intro - 00:00
1. Start Now - 00:58
2. Frugal Living - 01:44
3. Make Your Debt Productive - 02:44
4. 50/20/30 Rule - 03:14
5. Investment Accounts - 04:06
6. Invest In Yourself - 05:08
7. Bye-Bye 9 to 5 - 06:01
8. Diversify Your Income - 07:10
9. Hang Out With People You Look Up To - 07:58
10. Show Off Your Work, Not Your Stuff - 9:02
11. Outwork The Competition - 10:07
12. Be Committed - 11:17
Subscribe to:
Posts (Atom)
-
That's probably one of the most common questions I get from YouTube, that Dan how do I start with no money? How do I get started whe...
-
the traditional marketplace has seen little change over the past 200 years you've got a buyer you've got a seller which then leads...
-
this report Tanzanian and minor became a millionaire overnight. On a small scale, a minor in Tanzania has become an overnight millionaire af...









