Dan Martell
Dan Martell
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These Rules Made Me So Rich I Questioned the Meaning of Money
▸▸ Watch these 25 minutes if you want to scale a business you don’t grow to hate: czcams.com/video/7PDn091o6_E/video.html
▸▸ Get My New Book (Buy Back Your Time): bit.ly/3pCTG78
Back in 2009, we had a major issue that we had to solve in the business.
And when I asked my business partner, Ethan, to meet me in the office, he said he couldn't...
Now, we’d just raised a million dollars from some of the top investors in San Francisco, we're building up the team, and we ran into an issue with our product.
So I asked him "Why can't you meet?"
And he was like, "Hey man, I've got to get some laundry done."
I'm like “Okay I know it's Sunday, but you can do your laundry on any other day.”
He said “Yeah but I got a plan, and if I don't do it…” da da da da.
So I told him “There are literally three different laundromats on your way to work that do wash and fold. They'll do it for like $35.”
He’s like “Yeah, man I'm not really paying myself enough. I'm barely making rent.”
Here's a situation where we just raised a million dollars to build the business…
And he can't come work on the business because he's too busy doing LAUNDRY.
Crazy, isn’t it?
He’d rather trade his time for a few extra bucks than trade a few bucks for extra time.
Most founders start like this.
I did too.
But the wealthy spend money to save time.
Once I've got that time, I invest it in acquiring new skills that allow me to become more valuable.
Then I get to make more money to buy time to invest in more skills.
That is the way it works.
This is just ONE way the rich think differently about money.
And if you want to be truly wealthy…
There’s a whole bunch more you need to know.
That’s why in today’s video, I’m sharing the 14 rules of money that made me so rich I questioned the meaning of money.
Instagram: @danmartell
Twitter: @danmartell
zhlédnutí: 15 206

Video

If I Wanted to Go Viral in 2024, Here’s What I’d Do
zhlédnutí 8KPřed 19 hodinami
▸▸ Watch these 25 minutes if you want to scale a business you don’t grow to hate: czcams.com/video/7PDn091o6_E/video.html ▸▸ Get My New Book (Buy Back Your Time): bit.ly/3pCTG78 If you want to know how to create viral videos that generate 1 BILLION views a month… Today’s video is a MASTERCLASS from one of the best content creators in the game. Meet Adley Kinsman, founder of Viralish. I had an i...
How to Create Your Dream Life...
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How to Create Your Dream Life...
I spent $1.5M on business gurus so you don’t have to
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I spent $1.5M on business gurus so you don’t have to
the only video you need to get rich…
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the only video you need to get rich…
Millionaire Salesman Explains How Get Rich on a Low Salary
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Millionaire Salesman Explains How Get Rich on a Low Salary
If I Wanted to Go From Broke to Millionaire, Here’s What I’d Do
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If I Wanted to Go From Broke to Millionaire, Here’s What I’d Do
If I Started Investing in 2024, This is What I'd Do
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If I Started Investing in 2024, This is What I'd Do
The 15 Laws of the Top 0.001%
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The 15 Laws of the Top 0.001%
How I Brainwashed Myself to Success…
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How I Brainwashed Myself to Success…
Millionaire Investor Explains How to Make $1,000,000 If You’re Broke
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Millionaire Investor Explains How to Make $1,000,000 If You’re Broke
8 Middle Class Habits That Are Keeping You Poor
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8 Middle Class Habits That Are Keeping You Poor
I Spent 100+ Hours With This Billionaire - Here’s What I Learned
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I Spent 100 Hours With This Billionaire - Here’s What I Learned
I Asked Millionaires How They Got Rich
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I Asked Millionaires How They Got Rich
How I Made $3M in 7 Months Using Instagram
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How I Made $3M in 7 Months Using Instagram
How to Buy Companies and Make Millions (Step-By-Step)
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How to Buy Companies and Make Millions (Step-By-Step)
I Discovered the Best Businesses to Start in 2024
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I Discovered the Best Businesses to Start in 2024
Multi-Million Dollar Morning Routine
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Multi-Million Dollar Morning Routine
I Asked Tony Robbins How to Go From Broke to Billionaire
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I Asked Tony Robbins How to Go From Broke to Billionaire
The only 4 skills you need to build a $1B company…
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The only 4 skills you need to build a $1B company…
I Spent 100+ Hours with 4 Billionaires (here’s what I learned)
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I Spent 100 Hours with 4 Billionaires (here’s what I learned)
I read 1800 business books - these 10 will make you RICH
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I read 1800 business books - these 10 will make you RICH
The only 4 skills you need to get to $10M a year...
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The only 4 skills you need to get to $10M a year...
Get Rich With A.I. In 2024 (5 New Business Ideas)
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Get Rich With A.I. In 2024 (5 New Business Ideas)
How CEOs Manage Their Inbox
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How CEOs Manage Their Inbox
Watch this to get 10 clients in 30 days (GUARANTEED)
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Watch this to get 10 clients in 30 days (GUARANTEED)
How millionaires run their family
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How millionaires run their family
My 36 Hour Week as a Millionaire CEO
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How to Build a $100M Startup in 3 Years
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How CEOs Schedule Their Day
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Komentáře

  • @varsitygraphix2407
    @varsitygraphix2407 Před 7 minutami

    This is one of the only dudes that sounds genuine , cause I’m doing half of what he’s talking about and my money went WAAAYY up when I made those changes

  • @ir7862
    @ir7862 Před 21 minutou

    Whatever.

  • @alexandralee8086
    @alexandralee8086 Před 32 minutami

    1)Sepnd 20% save the rest 2)I'm he most important asset 3)Buy time with money to invest in new skills,never trade time to save money 4)Assign priority and don't diversify, be the best in class 5)dumb luck, grit luck, skilled luck 6)Have a record budget,plan for worst case scenario for business and personal life 7)Give to get, invest instead of save 8)borrow to make returns 9)Analyse risk to return ratio 10)Wealth is man capacity to think 11)Avoid lifestyle creep 12)Build a personal p&l,personal life income statement 13)High tide rise all boat, hire competent by investing in people, make your dreams big enough for others to join you on your dreams 14)Money is a tool to get to your goal 15)net worth is network 16)Define your why

  • @colbyfaw5353
    @colbyfaw5353 Před 34 minutami

    If anyone reading this has been saved by Jesus Christ or is willing to. If you’re past is haunting you, if you’re in a rut, if you struggle financially. Give it all to God and leave everything in the past. The Lord will work in you and bless you if you work hard at something and hold firm in your faith in HIM. I love you all brothers and sisters! I pray that you will be lifted by THE Spirit of God in Jesus mighty name… AMEN!

  • @alfreddoncarlo9004
    @alfreddoncarlo9004 Před 40 minutami

    You Can Only Live Comfortably

  • @harekokeel1937
    @harekokeel1937 Před hodinou

    Military 😮 old stuff

  • @Andrew10107
    @Andrew10107 Před hodinou

    So rich people dont consume?...f**k out of here with that nonsense.

  • @bradg1660
    @bradg1660 Před 2 hodinami

    There's not enough substance here for any kind of judgment I don't know why people are making comments. There's no backstory, there's nothing to grab ahold of to make any kind of hypothesis.

  • @stevenalspaw6586
    @stevenalspaw6586 Před 2 hodinami

    F.ya WOW Explained A.D.D. perfectly..!!!!

  • @Edgar_Franco
    @Edgar_Franco Před 2 hodinami

    You’re a cool dude. Saw you at Wealthcon in April 2024. Glad I’m following you now.

    • @danmartell
      @danmartell Před hodinou

      Awesome hanging with you brother👊

  • @Jennuine_food
    @Jennuine_food Před 2 hodinami

    That last one is really great

  • @hambo718iUsA
    @hambo718iUsA Před 2 hodinami

    That’s a fucking shite story

  • @JosephMalerba
    @JosephMalerba Před 2 hodinami

    So good

  • @MakeMoneyWithAI_83
    @MakeMoneyWithAI_83 Před 2 hodinami

    It's amazing how children embody pure presence and creativity without the worries of external pressures. Embracing our true selves and pursuing our passions without fear of judgment is truly liberating. This video resonated with me on a deep level. Thank you for sharing such an inspiring message!

  • @IcyNipz
    @IcyNipz Před 3 hodinami

    You take out a loan for 4 million, showing your 1 million income but they don't account for interest, maintenance fees, workers to keep up with that apartment. You don't want to be the average slumlord or tenants will try to screw you over. I've been upset myself at a landlord who refused to fix anything in a rental property.

  • @musicart2007
    @musicart2007 Před 3 hodinami

    Its sad that people care about money that much.

  • @mattmcfly2165
    @mattmcfly2165 Před 3 hodinami

    Only buy tools for jobs that make me money, or save money/time

  • @secretname9346
    @secretname9346 Před 4 hodinami

    The barber is debt free. That’s really important. He could be broke AF but his house will never get taken from him.

    • @MLGProTroller
      @MLGProTroller Před 3 hodinami

      That’s where you’re confused. There’s good debt, and bad debt. Instead of putting that money into leveraging debt, (good debt) he put it into liabilities which will drain him of money, not bring him any. What’s the point of being debt free if you still gotta work? He paid off his houses, but will still have to pay property taxes on it. So it’s not paid off.

    • @secretname9346
      @secretname9346 Před 2 hodinami

      @@MLGProTroller I’m not confused. Stop assuming.

    • @MLGProTroller
      @MLGProTroller Před 2 hodinami

      @@secretname9346 No I think you’re confused. Otherwise why would you make this comment? You have a clear misconception about what being “debt free” actually means. That clearly shows you’re confused. So I didn’t assume, I read it, and I read what YOU, said.

  • @Kaizen.Infinity
    @Kaizen.Infinity Před 4 hodinami

    🔥

  • @matth1210
    @matth1210 Před 5 hodinami

    Sometimes in life you just need that little push & encouragement

  • @chazlyle41
    @chazlyle41 Před 5 hodinami

    My used truck is my dream vehicle. Now I would own about 45 bikes instead of 7, but super car, no thanks!

  • @colmanconnollymusic
    @colmanconnollymusic Před 5 hodinami

    Dan, as a 19 year-old struggling to find hope in today's financial landscape, your videos give me a sense of direction and courage. Thanks for the valuable advice you give through your content

  • @carolannstevens5814
    @carolannstevens5814 Před 5 hodinami

    I want to give back and have been a stay at home mom. Now I am a Mimi to my grandkids. How do I start over now at this stage and give give give early 60’s.

  • @JJekyll
    @JJekyll Před 6 hodinami

    this is common knowledge

  • @user-qn9mb9dh6q
    @user-qn9mb9dh6q Před 6 hodinami

    I never understand how brothers don't "get along"

  • @xlilace14x
    @xlilace14x Před 6 hodinami

    Financial literacy blame your American education system

  • @vilo1633
    @vilo1633 Před 7 hodinami

    Great video - The law of use - the only dollar you have is the dollar you spend - dollars want me is a great book written over 100 years ago by Henry Harrison Brown…it’s a good one

  • @sheldonmackay
    @sheldonmackay Před 7 hodinami

    Wishing everyone luck on their journey to financial freedom🙏🏼

  • @priestesslucy3299
    @priestesslucy3299 Před 7 hodinami

    But my garden saves me time once and money twice by being a home workout that feeds my family organic food 😂

  • @ebonyjefferson4697
    @ebonyjefferson4697 Před 7 hodinami

    People try to make it seem like because you do this thing, you are poor/rich. But 8/10 it’s because you are poor, you do this thing.

  • @mcollins476
    @mcollins476 Před 8 hodinami

    Brad Treliving in the background. lol. GO LEAFS!

  • @matthewcallaway5223
    @matthewcallaway5223 Před 8 hodinami

    Best value for me in this video was talking about hiring superstars even if they may leave. It’s the Bs and Cs that risk the As. In business, As can do the work of 2-3 and and 5-6 Cs Get over your own insecurities and bring in the people that can actually take your business somewhere and then reward them properly to keep them

    • @danmartell
      @danmartell Před 7 hodinami

      Took me 10 years to figure out. You’re a faster leaner than me;)

    • @matthewcallaway5223
      @matthewcallaway5223 Před 5 hodinami

      @@danmartell I’m sure you learned a lot of other things faster than I’m learning them 😅 I realized this at my first job after retiring from volleyball, always nice to have your ideas affirmed by someone that’s already done the work Time for me to implement!

  • @Mr-sweeny
    @Mr-sweeny Před 8 hodinami

    I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k portfolio to capitalize on significant gains.

    • @Dannyholt33
      @Dannyholt33 Před 8 hodinami

      Absolutely crucial in the stock market: information, insight, and predictability. As an early investor in NVDA, ANSS, and LRCX, my advisor's guidance was invaluable.

    • @PatrickLloyd-
      @PatrickLloyd- Před 8 hodinami

      People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

    • @PhilipDunk
      @PhilipDunk Před 8 hodinami

      Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.

    • @PatrickLloyd-
      @PatrickLloyd- Před 8 hodinami

      'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @PhilipDunk
      @PhilipDunk Před 8 hodinami

      She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @Mr-sweeny
    @Mr-sweeny Před 8 hodinami

    One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

    • @Nernst96
      @Nernst96 Před 8 hodinami

      You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

    • @PatrickLloyd-
      @PatrickLloyd- Před 8 hodinami

      That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

    • @PhilipDunk
      @PhilipDunk Před 8 hodinami

      I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

    • @PatrickLloyd-
      @PatrickLloyd- Před 8 hodinami

      'Amber Dawn Brummit' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @PhilipDunk
      @PhilipDunk Před 8 hodinami

      Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

  • @Mr-sweeny
    @Mr-sweeny Před 9 hodinami

    It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

    • @PatrickLloyd-
      @PatrickLloyd- Před 9 hodinami

      I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.

    • @PhilipDunk
      @PhilipDunk Před 9 hodinami

      That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.

    • @Mr-sweeny
      @Mr-sweeny Před 9 hodinami

      Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?

    • @PhilipDunk
      @PhilipDunk Před 9 hodinami

      Amber Dawn Brummit is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @Mr-sweeny
      @Mr-sweeny Před 9 hodinami

      She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

  • @Fokuzedgamers
    @Fokuzedgamers Před 9 hodinami

    It reminds me of the story from Adam Sandler. When he was in college for the arts his teacher invited him out for a beer. The teacher said “I didn’t want to say this in front of everyone, but you really should find something else. You’re not cut out for this”. 10 years goes by and he’s famous. He sees his professor while at a restaurant and he calls him over to the table. Instead of berating him in front of everyone he says “this is the only professor who bought me a beer in college”. Just because people don’t believe in you doesn’t mean you won’t make it. But it also doesn’t mean when you do you have to shove it in their face. They get to deal with the guilt of being wrong.

  • @highcue
    @highcue Před 9 hodinami

    👌

  • @colleenhowell5202
    @colleenhowell5202 Před 9 hodinami

    Gratitude goes a loooooong way in helping ppl prosper.

  • @1futur334
    @1futur334 Před 9 hodinami

    We all do this one way or the other we tell ourselves we won’t be satisfied till we get this

  • @6laka.
    @6laka. Před 9 hodinami

    brother he couldve put that into SCHD and been chillin lmao

  • @marnirenee1
    @marnirenee1 Před 10 hodinami

    I absolutely love the friend ventory comment. I think it can be hard to realize that even though your "Network is your Networth" It is important to evaluate your net work sometimes. Not everyone continues to grow with you.

    • @danmartell
      @danmartell Před 9 hodinami

      Yup Sometimes you can keep them around Just create space and dont invest as much time

  • @brilliantlybipolarmd_
    @brilliantlybipolarmd_ Před 10 hodinami

    This is great advice @danmartell. You’ve broken it down so simple. Don’t spend, pay yourself first and don’t lose money!

  • @EcomCarl
    @EcomCarl Před 10 hodinami

    Emphasizing the importance of spending less than you earn and viewing money as a tool can transform financial habits and pave the way to financial independence. 💰

  • @alexbudd30
    @alexbudd30 Před 10 hodinami

    Hey Dan

  • @MrSamuelSpanish
    @MrSamuelSpanish Před 10 hodinami

    The last punch is ours against the yetzer 💪🏿... If we get knock down we can get back up.. We have to strengthen ourselves! If we keep fighting we become heroes.

  • @Pickupyourcross33
    @Pickupyourcross33 Před 11 hodinami

    Who would give a barber who just won the lottery a loan for the remaining $3m balance on that apartment building? 😂 stop listening to these crazy influencers trying to sell a course 😂