Why You Shouldn’t Chase Money – Millionaire Mindset Wealth Principle #2 – Millionaire Mindset Ep. 4

– Millionaire mindset wealth principle number two: Think needs, not money. Please say it together.
Think needs not money. If you chase money, it’s
very difficult to get money. Chase needs. It’s easy to make money. Think needs, not money. Here’s a little interesting cartoon. The hundred dollar bill having a conversation with a $1 bill. The hundred dollar bill said, “You know, I had a good life. Nice house, fast cars, great vacations, and expensive restaurants. The $1 bill said, “All I ever did was to go to church, go to
church, and go to church.” A hundred dollar bill
said, “What’s a church?” What’s a church. You wanna give, you
wanna donate to charity, you wanna give to your church, whatever religions you believe in. Make more so you can give more, versus everybody putting a
couple dollars in the damn hat. What if you could make enough money, you could donate more money than the whole damn church together? Hmm? Think about it. The
impact that you’ll have. Here’s a great statement by the wife – it’s a little bit long,
but I’ll read it to you. It’s by the wife of Elon Musk. How many have heard of Elon Musk? Yeah. So Elon Musk,
and one guy was asking: Hey, you know, what does it take if I work hard enough,
if I put effort into it. Can I become a millionaire too? I really want to become,
no, a billionaire. She said: Can I become a billionaire if I work hard enough and put my effort and work hard for it? And here’s what she replied, she offered some advice: Shift your focus away from what you want, a billion dollars, and
get deeply, intensely curious about what the
world wants and needs. Ask yourself what you have
the potential to offer that is so unique and
compelling and helpful that no computer could replace you, no one could outsource you, no one could steal your product and make it better and then club you into
oblivion, not literally, then develop that
potential, choose one thing, How many things? One thing.
And become a master of it. Choose a second thing and
become a master of that. When you become a master
of two worlds say, engineering and business,
you can bring them together in a way that will introduce hot ideas to each other, so they can have idea sex and make idea
babies that no one else has seen before. And B,
create a competitive advantage because you can move between the worlds, speak both languages, connect the tribes, mash the elements to spark
fresh, creative insight until you wake up with the
epiphany that changes your life. The world doesn’t throw a
billion dollars at a person because the person wants
it or works so hard they feel they deserve it. The world does not care. What’s the word?
– [All] Care. – The world does not care
what you want or deserve. The world gives you money in exchange for something it perceives to be
of equal or greater value. Something that transforms
an aspect of the culture, reworks a familiar story
or introduce a new one, alters the way people
think about the category and make use of it in daily life. There’s no road map,
no blueprint for this. A lot of people will
give you a lot of advice and most of it will be bad
and a lot of it will be good and sound, but you will
have to figure out how it doesn’t apply to you
because you are coming from an unexpected angle and
you will be doing it alone until to you develop the
charisma and credibility to attract the talent you
need to come with you. Have courage, you will need it. And good luck, you will need that too.” A round of applause. (crowd claps) That’s one smart wife. That pretty much sums it all. That just pretty much – When I read that article, I’m like, like– It is so good. It is like, wow. Like, woo! My goodness. Imagine if that’s how smart the wife is, Elon Musk, my goodness. There’s a saying behind
every successful man is a smarter wife. It’s very true. It’s very true. How many of you are have
heard of “The Secret”? How many have read “The Secret”? What was this secret about? – [Man] Love’s the secret. – Law of attraction, yes? Law of attraction. So, here’s what the
law of attraction says: “You become what you think and your conscious thoughts
make your reality.” Right? You become what you think about. That’s what the law of
attraction talks about. – [Man] I had a roommate
that read this book. – Yes. – [Man] And she thought that you just said to think and not do anything.
– Yes. – [Man] And good things will come for her. – Yes, you just have to think
and not have to do anything and good things will come to you, right. – [Man] That’s how she explains it. – That’s it. You see, how many of you have
heard of Think and Grow Rich? How many have not heard
of Think and Grow Rich? Go read it. – [Man] Okay.
– Okay, by Napoleon Hill. Notice that the title, say it together– Think–
Not visualize and grow rich. Not sit around and do
nothing and grow rich. Not hope and grow rich.
It’s think. People think it terms of, “Oh,
I just think hard enough.” That’s not what the book is about. The book is talking about intellect, being smart, being focused. That’s what the book is about. People misread “Oh think,
alright I just need to think. Don’t need to do shit, I just think.” A lot of thinking gets you nothing. Nothing. And there’s a great book that I also like, The Millionaire Fastlane by MJ DeMarco. And there’s so many
philosophies within the book that I resonate with, kind of similar to my book, F.U. Money. Thinking alone never made
anybody rich unless their thinking manifests itself
into consistent action. What are the two key words? [audience in Unison]-
Consistent action. What are the two key words? [audience in Unison]-
Consistent action. What kind of action?
Consistent action. Two word application of
laws that work, that work. Scale creates millionaires,
magnitude creates millionaires. What is scale? Volume.
Volume. You want to make millions?
Sell millions of something. Magnitude, depth, transection size. Sell a two million dollar thing,
five million dollar thing, 10 million dollar thing. Then you can also be a millionaire. Scale and magnitude together
creates billionaires. You retrace the source
of millionaire money and you will find millions of something. To make it simple and short, you want to make
millions, impact millions. It’s very simple. You’re not making the money that you want? Look at how many people you’re impacting. Just look at the results. If you’re working for
boss, you have a job, you’re impacting that one person, you’re working for that one person, that limits how much value
you deliver in a marketplace. Tough to be a millionaire doing that, yes? As an entrepreneur, if
you’re providing a service, you’re only working with– Unless you have a lot of
magnitude, charge a lot of money, then it’s tough to be a millionaire. You think in terms of you sell something, you sell to millions of people. Yes, that’s how you get there. So retrace the source of millionaire money and you’ll find millions of something. Forget the law of attraction,
the law of affection. The law of what?
Affection. How many people do you affect states the more lives
you affect in an entity that you control in scale or in magnitude, the richer you will become. The law of affection. See if you have something that are impacting millions of people. You could have a negative attitude. You will make millions. Are there people making millions
that’s an absolute jerk. Anybody answer question. Are there people making
millions they’re the nicest people you have ever met? Money does not care. Money doesn’t have a conscience. It doesn’t have a moral. You’re a bad person, I’m
not gonna let you have me. Or you’re a good person, I’m
gonna let you have some more. There are some of the nicest,
kindest people that I know, completely broke. There are also people
who are very, very kind, very nice, very rich. It’s nothing to do with each other, mmkay? Law of affection. Before I go into that, take two minutes. How long? [Audience in Unison]- Two minutes. Discuss the first two principles. The first one, and the
second one. Okay? Go. (Audience Murmuring) ♫ “I Know You Want Me
(Calle Ocho)” by Pitbull Shake their hand and say
“thank you for sharing” please. (Audience murmuring) So share with me, just yell out the answer a-ha moments, what it means to you just the first two principles. What it means for you. [Man] I guess for me, understanding that money is a circulation- – Circulation [Man]- It’s like circulation
so it helps with my investment buying, say the only
way I’m going to make money is if I give it, and, yeah, that’s just how I understand it. – Sometimes you think
about it with economy what causes economy downturn,
it’s a lack of- what? A lack of circulation. You
hear it from the government. If you want to help the
economy from the U.S. You want to help the economy,
go out there you- spend. Circulate. Circulate. Now am I saying you don’t
want to save any money? No. You gotta go through that stage. When you save enough, you want to invest, you want to multiply, but first
you gotta master making it. You’re good at it. Maybe for some of you it’s difficult to believe. Making it is actually pretty damn easy. If you’re actually good- just take my word, making it
once you get how it works- most of the time, making it is a function of sales and marketing. You’re
good at sales and marketing? Money comes. Keeping it and multiplying
it is way harder. Way, way harder. Way harder. Earl knows. Go to the mike man,
you gotta share your story. Give Earl a round of applause. (audience applauds) Give like a one minute version of it- what the hell happened. – Hi guys, my name is Earl [Audience In Unison]- Hi Earl. – So, the quick story- if
you want the longer version, I’m doing a longer version on the 23rd. I tell the story of how
I made a bunch of money so I made a 40 million dollar empire. And then I fucked up and I lost it all. 2008 hit me more than it
hit lots of other people. And yeah, how I’m rebuilding stuff. And actually, it’s funny. One of those things you talked about- number three, right, not worthy- it’s funny, I sent you an email. This is almost a year ago,
and I was in that stage not feeling, not worthy- right, I mean I made a million bucks, it’s easy to do. Actually the funny thing
is, Dan picked me up. He said, you don’t have
to hit a certain level to work with me again. It wasn’t a question of worthiness. You’re my friend, I want to
help you anyway, let’s do this. And, the funny thing is
when I finally decided to get off my ass, 60 days, six figures. Six months, seven figures. I report back to Dan every week
“hey this is what I’m doing” and the first couple updates were sexy, “hey look at this, look
at this, look at this” the last couple updates, not
sexy but consistent action. Right, but that’s it. You can make it. Making it is stupid easy. I actually stopped selling
and I’m making more sales now than I was when I was selling. So, the sales and marketing
fuction? Yeah, 100 percent. But keeping it is a bitch. – [Dan] I like that quote, “Making it is easy,
keeping it is a bitch.” that’s really, you’re writing
this down? That’s good. [ Audience Applauds] Put that on Facebook. I
like that. Tweet that. – [Announcer] Ten times your finances. Ten times your business. Ten times your marketing. Ten times your life. Hit the subscribe button now.

100 thoughts on “Why You Shouldn’t Chase Money – Millionaire Mindset Wealth Principle #2 – Millionaire Mindset Ep. 4

  • Money chases me, in-fact …. money is thrown at me all the time. I don't have enough bags and bank accounts for the ridiculous amount of money that comes my way (my only major complaint).

  • Focusing on needs, not $. It's not about the paper, but what you will do with it. Keep your vision in the forefront of your mind and imagine it effecting millions.

  • The Musk quote about the process was riveting. Be curious about what the world wants and find a skill and master it and then find another skill and master it. Have a competitive advantage and offer your solution in a unique way. It must avoid being made obsolete by machines and should utilize and combine your skills that creates a tribe of followers. Understand you will get advice that you will need to shape in order to make it work. You will need time, luck and courage as it will take time to develop the necessary charisma to make it and overcome the many hurdles.
    Scale – to make millions must sell to or impact millions. Magnitude – Sell big deals. The law of Affection: Law of Affection – How many people you affect. The more people you affect in an entity that you control in scale or magnitude, the wealthier you will become.Making is actually easy..It’s a function of skill in sales and marketing; keeping it and making more with it is difficult.

  • "A lot of thinking gets you nothing." Awesome quote Dan. I also found the Law of Effection quite a cool concept. Thank you.

  • Packed full of valuable content… Loved how you gave a new perspective on the Chinese expression for making money and the different aspects of handling money. I also would have never thought that Elon Musk's wife would have such deep insights. Thank you, Sifu.

  • I love what's being shared. Don't chase money, deliver to people what they need and want, consistently and with action. You can either impact lots of people at lower prices(scale) and take on the headaches that come with that or you can impact fewer people at higher prices(magnitude) and there are fewer headaches(different types of customers).

  • Fantastic! I found the original article here: http://www.businessinsider.com/elon-musks-first-wife-explains-what-it-takes-to-become-a-billionaire-2015-4

  • there're things people always chase, which either you don't have for sale, or you have but you don't want to sell because it's too precious for you

  • chase needs not money
    chase needs not money
    chase needs not money

    money does not discriminate
    money does not discriminate
    money does not discriminate

    making money is easy, keeping it is hard
    making money is easy, keeping it is hard
    making money is easy, keeping it is hard

  • I think someone who just thinks without doing anything without the action would be called "a dreamer" I do have half the right idea, but this guy Dan is giving me the other half so im now feeling positive about the future. I always give him the thumbs but but I do not think all young people sit in front of the computer with their zips undone……that is from another video. Keep watching this guy and learn. Lots of info for free!!!!!

  • I just discovered you recently, you are really helping me change my mindset towards building an income! Appreciate this!

  • You are my idol. I want be like you . You are inspiring me. I love you.Very motivational , inspirational and beatiful video as usual. You changed my life. Now I look different to my life thanks to you .By the way I am Turkish . I'm 17,5 years old . I love you Dan Lok . You are the source of inspiration for all of us. I love your videos and concent. Sorry for my bad English . I hope i will speak fluently just like you. Thank you so much!

  • Hey Dan, the millionaire Fastlane has been my favorite business book for the longest time. When I read your free book, I was like, Jesus, it's almost as good as the millionaire Fastlane.! I was actually discussing with a friend yesterday about the fact that you got something right that MJ left out in my opinion. I believe it makes sense to build a high-income skill before attacking a high cash flow business. Thanks for that nice addition, it correlates with my personal experience.

  • Literally wrote down word for word by hand in all Caps, every word Dan said while he quoted the article by Elon Musk's wife. Life changing

  • Been there done that – made lots of money then lost it all. Start all over again, lose it then come right back up! I'm at that point again where I have to start from ground zero but I feel so confident I will make it as I listen to you then implement what I've learned.

  • So, Dan, Elon Musk´s wife has no name? She´s brilliant but still just an attachement to his husband? You´re acting like a cave man here.
    Other than that, good content. I´m lerarning a lot.

  • Dan Keep on Sharing your Millionaire Mindset Success Secrets and Why its more Important then Ever to Be an Entrepreneur!!

  • Think needs, not money.
    I think I need money.
    Money is what I think I need.
    Think money, not needs.
    Think not, need money now.

    Takes money to make money.
    No problem, I got it.
    And I’m on it Mr. Lok!

  • I don't chase money; I go after selling to potential customers. My closing rate is around 70% because I'm bidding against other contractors. My customers are always informed and know what they want and how much they are willing to pay. I don't advertise at all ~ no need to as people find me by recommendations from previous customers.

  • Dan Lok, "Knowing is not enough, we must APPLY! Willing is not enough, we must DO!" I bet you know where that's from. These are words I like to live by!

  • Hi Dan… in your perspective, what is the secret of think and grow rich? The secret that Napoleon hill never outlined but according to him it is implied in every chapter of the book.

  • Consistent action will produce money and not just thinking about money. Scale and magnitude create billionaires. WOW! The Law of Affection and not The Law of Attraction – great to know this ~ Sifu Dan

  • Doesn't the law of attraction also state that a massive amount of action with a positive mindset and belief that you can do anything? I don't think it just says to sit there and think …….

  • Awesome session Dan! Dude I’m making a point to do work at my business everyday and really honing in on working on the things that matter and product results rather than before where I was just doing but not certain of the goal or why. Sometimes doing makes us feel like we’re moving forward but without measurable results, we’re wasting time. So thank you for your videos!

  • Love that opening statement. Make more to give more. However, it is crucial to understand that there is only 1 right religion and only 1 truth, because every religions believes they are the ONLY way to salvation and heaven. Which one Is the truth? By definitely the truth is objective and there can only be one. You are either dead or alive, you either have cancer or you don’t. Therefore Jesus is the ONLY way, life and way, and no one can get to the Father but by Him. Only faith alone in Jesus can save you, not “religion”, it is a relationship with God. This is way more important that making money or owning a Business, because quite frankly you may not live to the day you see your business succeed. But you will 100% face God one day.

    PS the law of attraction is extremely dangerous and demonic. I tried it and got massive anxiety attacks, it was God who showed me this truth and now I have someone much greater. I have the Creator of the Universe to answer my prayers, not demons.

  • Think needs not money so no more bingo… no MORE… hey man.. i go to church.. Lol so funny lol LOL wow ok.. now WHAT im a starving artest jist trying to make a YouTube video s.. and trying but i need the supplies and stuff like computers and camera s.. and microphone s.. and i can sing.. and stuff i JUST new at this YouTube THING i just started singing its karaoke.. at bars.. .. i can sing bjork and iamx.. umm nine inch nails.. the 80$ i have a channel but hey im new

  • Money runs faster than you do, and in the same direction! Turn your back on the love of money, and turn your fact toward loving your neighbor, and money will chase you down and tackle you!

  • My goal is to spread the joy of being alive through my music. An evolving journey…I’m finally “turning pro.” Follow my journey on my vlogs on YouTube, “Johnny Uncovered” 🎙🎻🎭

  • Hey dan i just want to let u know i purchase ur book well audibook love the fact that u narater the book made alot of financial mistakes and as i listen to ur book it was a slap on the face of reality and so many things that got to change mainly my mindset……….so thank you..

  • The Quote at 12:30 is the best quote I have ever heard in years and I am pretty sure I am gonna remember is for a long time

  • Here's a verse from the Bible. "Will you set your eyes on that which is not? For riches shall like an eagle spreads his wings and flies away."

  • Why we die some one ask me why we born on earth ? Who born on earth he must die on Earth do you know .

  • I read your FU money book and to be honest you never told us the answer u just kep on saying keep reading to know how lol!

  • "Money always faces the same direction you are facing, and it always moves faster than you do."
    – Yardmaster

  • As a fairly young man at the age of 23 the older speakers like Napoleon Hill, Earl Nightingale, and Bob Proctor have brought me into this world. You have a modern twist to the groundbreaking that the older generation shaped.

  • Freaking Genius!
    I Have my teenagers watch this stuff and tell them not to go to college- this wisdom is better!

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