Advice for Young People to Become a Millionaire: A Letter to My 25-Year-Old!

33,450 views

Fahri Karakas

Published on Premiered Feb 26, 2024
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In this video, I am addressing my younger self, 25-year-old Fahri Karakaş. I am addressing my naive, idealistic, stupid, inexperienced young self who was unaware of the world. You can also watch this video as advice for young people to become millionaires. *Dry idealism won't fill your stomach. If you want to be effective and progress in your ideals, you will not neglect financial issues. *Your ideals should have their feet on the ground. Your ideals can become reality when they meet reality. Otherwise, you will fly away, but you will be standing still. *Blind idealism and trust will harm you. Stop sacrificing yourself. Be critical and independent. *Secure your future financially. Then you can do whatever you are doing again. *Save gold. Don't cash out your gold. Increase it even a little and turn it into an investment. *Buy Bitcoin and Ethereum. Risky, yes, but these will increase a lot in the long run. *Buy a house as soon as possible. Get a mortgage if you can. *Definitely acquire assets. Have assets. Have investments. Buy stocks. *Buy stocks in the field of artificial intelligence: Google, Microsoft and Nvidia. These are the 3 horsemen of the apocalypse, the pioneers in artificial intelligence. Invest in companies that are pioneering in artificial intelligence. *Retire, enter BağKur and SSK whichever is appropriate. Get health insurance. *Have savings for times of crisis. Have savings that you can easily convert into cash. Gold, bitcoin, Ethereum are ideal for this. *Guarantee yourself and your family. *Invest in land and a house. Real estate is generally one of the most profitable investments. If you can, build your own house, have it built. *If you have money, definitely buy assets. If you don't have money, definitely produce assets from scratch. *Think long-term, produce assets for the long term. *Set up your YouTube channel. One of the most beautiful assets will be your YouTube channel. *Write on Medium. Every article is an investment in the future, an asset. *Produce digital products, write books. *Set up your Instagram brand. *Learn how to sell online. *Set up a system, set up money-making mechanisms. Build a solid business model. What can you generate income from in the future? *Rent out your extra room with Airbnb. *Give online lessons. *Add value and generate income from several sources. Have at least 5-10 sources of income. *If you start now, it will take you at least 5-10 years to get rich. *Read books about money, investing, and wealth. *How can you add value for humanity and other people? Increase the ways to do this. *Aim to increase the amount of money you earn in 1 hour to at least $100. *Improve your skill set, get much better at what you do. *Rapidly develop yourself and your skill set in new technologies (artificial intelligence, SORA, GPT4, blockchain, Metaverse, NFTs, etc.). Generate value on these topics and provide consultancy and training. *Have an entrepreneurial and investor mindset, develop these perspectives as soon as possible. *Have methods that you can earn money even while you sleep. *I earn 1-2 dollars every night while I sleep, this amount will jump to 10-20 dollars in the future (over the years). Think long-term. *Set up investment and value-added trees. *Produce small amounts, experiment, produce content, invest, add value. Produce every day. *Establish your personal brand, advance it, take it to the top. *Think strategically, buy assets. *Don't depend on salary. Set up money-making faucets from multiple branches. *Set up long-term value-added, investment, and asset systems. *Move your brand value forward, increase this value in the long term. *Write, produce, shoot videos every day, learn to add value. *Investing in yourself is the biggest investment. *Hard work, discipline, consistency, long-term thinking, establishing a system, adding value, and strategy. Start small, establish a system, continue consistently for 10 years. *Start investing in your 20s. *Think and act like an entrepreneur and investor.

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