This video presents 20 "cheat codes" for success, drawn from the speaker's personal journey from homelessness to becoming a multi-millionaire entrepreneur. The speaker aims to offer practical advice for achieving goals and navigating life's challenges.
Here are the answers based on the provided transcript:
Automating Savings and Investments: The speaker recommends automating savings and investments before your paycheck hits your hands. They also suggest letting technology manage your finances and regretting not having done so earlier in their 20s. Specific mechanisms for automation are not detailed.
Recommended Finance Books: The speaker recommends The Psychology of Money and The Algebra of Wealth.
FBI Framework: The speaker's "FBI" (Financial Bureau of Investigation) framework involves categorizing cash into four buckets:
Mentorship Advice: The speaker emphasizes the importance of mentorship, stating they waited too long (until age 40) to get mentors. They highlight that having a mentor significantly accelerated their career (10 years after starting mentorship, they became a CEO). They caution against paid executive coaches, advocating for finding genuine mentors invested in your success. The speaker also recommends the book Trillion Dollar Coach, about Bill Campbell, as an example of inspiring mentorship.