About this Video

• Video Title: $1,000,000 vs 6 pack abs - which is ACTUALLY harder?
• Channel: Austin Dunham
• Speakers: Austin Dunham
• Duration: 11:14

Introduction

This video discusses the relative difficulty of achieving a six-pack versus accumulating a net worth of one million dollars. The speaker, Austin Dunham, argues that getting a six-pack is significantly easier than becoming a millionaire, based on his personal experiences in both areas.

Key Takeaways

• Six-pack difficulty: Achieving a six-pack primarily involves a caloric deficit (eating fewer calories than burned) and increased physical activity. While challenging for some due to lifestyle and discipline, it's scientifically achievable within a year for most individuals.
• Million-dollar difficulty: Accumulating $1,000,000 requires more than just income; it necessitates a robust plan, persistence, and often luck. Maintaining a high income and strategically saving and investing are crucial, requiring significant financial literacy and discipline.
• Delaying gratification: The speaker emphasizes the importance of delaying gratification in building wealth. He advocates for saving and investing a significant portion of earnings to allow for compounding growth.
• High-income skill acquisition: Developing a high-income skill, like content creation, is a necessary first step towards wealth accumulation.
• Investment strategies: Investing in asset classes like real estate, stocks, and cryptocurrency (like Bitcoin) is presented as a path to long-term wealth growth, but involves inherent risk.

1. To achieve an 8% body fat percentage, Austin Dunham tracked his weight daily, meticulously tracked his food intake using apps like MacroFactor and MyFitnessPal (monitoring protein, fat, and carbohydrates), and incorporated 10,000 steps of daily walking to increase his caloric deficit.

2. To increase his earning potential, Austin Dunham cites the skills of content creation, training (specifically calisthenics), copywriting, and sales.

3. Austin Dunham suggests aiming to live on 30-40% of one's income, investing the remaining 60-70% after setting aside 6-12 months of emergency reserves.

4. Austin Dunham invested in stocks and cryptocurrency, specifically Bitcoin, to significantly boost his net worth. He notes that a large investment in Bitcoin, timed right before a significant price increase, was particularly impactful.