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Asking Millionaires for Financial Advice is Stup*d
- by J. Khoo @ Mr Art of War
- Feb 12
- 3 min read
Updated: Mar 25
I find watching a YouTube short or TikTok of someone with a small mic asking millionaires for financial advice is pointless.
Asking millionaires for financial advice or how they got rich is STUPID!
In today's digital age, platforms like YouTube and TikTok have become breeding grounds for quick, bite-sized content that often lacks depth and substance.
One common trend is the sight of individuals, often equipped with small microphones, approaching wealthy individuals—particularly millionaires—and soliciting their advice on how to achieve financial success.
While this concept may seem entertaining or even inspirational at first glance, it is fundamentally flawed and oversimplified.
Asking millionaires for advice by posing a few casual questions and expecting answers that summarize the complex journey of wealth creation is not only naive but also misleading.
Just imagine a person seeing someone driving a Lamborghini or a Ferrari, and he casually asks the owner how he amassed his fortune.
The response, which may include generic advice about hard work, determination, or perhaps a few words about what they do for a living, fails to provide any actionable insights or a roadmap for success.
Short videos make it look like building wealth is all glitz and glam, but they skip over the years of hard work, smart planning, and even the setbacks that are all part of the journey.
They turn the complex process of entrepreneurship and financial growth into quick sound bites, which can be really frustrating and discouraging for anyone seriously looking for advice.
Do you think a few questions and answers will make you a millionaire?
The answer is a resounding no.
Wealth accumulation is not a formula that can be distilled into a few key phrases or motivational speeches.
The reality is that becoming a millionaire requires a multiway approach, including a deep understanding of the market, unique skills, a willingness to take calculated risks, and a commitment to continuous learning and adaptation.
Relying on superficial interactions for profound life-changing advice is unlikely to yield your desired results.
Instead, you as an entrepreneur must engage in thorough research, seek wealth teachers, and immerse yourself in the realities of your chosen industries.
The motivational talks about staying positive and working hard, plus all the stories about the exciting or boring things millionaires do in business, often don't light the fire needed to start your journey toward wealth.
While positivity and hard work are indeed important attributes, they are not sufficient on their own.
Achieving financial success involves understanding:
The market dynamics,
Understanding consumer behavior, and
Being able to adjust strategies in response to challenges.
Without a solid foundation in these areas, the chances of achieving financial independence are slim.
If you want to make your millions, it is very simple, yet requires thoughtful execution.
The Secret To Being A Millionaire.
If you want to be a millionaire, the key lies in doing something you are genuinely good at and deeply passionate about.
When you align your skills and interests with market needs, you create an environment that will lead you to success.
And most importantly, investing time and effort into learning essential money-making skills.
These millionaire money-making skills include:
Negotiation skills:
Mastering the art of negotiation can significantly impact your financial outcomes, whether you are closing a deal, securing a partnership, or even discussing salaries.
The ability to sell for yourself and your business can lead to substantial financial gains.
Business strategy skills:
Understanding how to develop and execute successful business strategies is vital for navigating the complexities of the marketplace.
This includes knowing how to analyze competition, identify opportunities, and adapt to changing circumstances.
Money management skills:
Learning how to manage your finances wisely is perhaps one of the most critical skills for anyone looking to build wealth.
This encompasses budgeting, saving, investing, and understanding the principles of financial literacy.
The reality is the temptation of receiving quick advice from millionaires is attractive.
It is essential to recognize that true wealth is built through
Market for your product and service,
hard work,
strategic thinking, and
a commitment to lifelong learning.
Strategic thinking serves as a plan and a roadmap for you to become a millionaire. Learning your money-making skills equips you with the know-how to get there.
You Need A Strategy To Become A Millionaire
With strategy and skill, you will achieve millionaire status. I leave you with this wise quote from the Art Of War by Sun Tzu,
Therefore, in war, the victorious strategist wins first and then seeks battle after the victory has been won, whereas he who is destined to defeat first fights and later looks for victory.
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