
I Interviewed 30 Billionaires... Here’s What I Learned
School of Hard Knocks
17,342 views • 2 days ago
Video Summary
This video presents 15 key pieces of advice from interviews with billionaires and highly successful individuals. The insights cover a broad spectrum of strategies for wealth creation and personal development, emphasizing the importance of strategic thinking, disciplined action, and continuous learning. The speaker, who interviews these prominent figures, shares practical wisdom gathered from over a thousand conversations, highlighting common themes that drive immense success.
The core message revolves around actionable principles that can be applied by anyone aspiring to achieve financial freedom and build a significant legacy. The advice ranges from mastering sales and marketing to the critical role of long-term vision and the understanding that stress is constant regardless of the financial stakes. It underscores that true wealth is built not just on income, but on smart investment, continuous adaptation, and a mindset that prioritizes growth and impact.
The video also promotes a "Generational Wealth Day" event on October 22nd, offering direct access to expert investors and entrepreneurs. This event aims to provide attendees with the blueprint for investing, scaling businesses, and managing finances like the ultra-wealthy, alongside access to a powerful entrepreneur community.
Short Highlights
- Don't take advice from those who haven't achieved what you want to achieve.
- Build your own brand and credibility before expecting connections from successful people.
- Invest your money to make it work for you; saving alone won't lead to wealth.
- Stay lean and control expenses, especially in the early stages of business.
- Think in decades and generations, not just days or years, to create something epic.
Key Details
Advice from Billionaires and Celebrities [0:00]
- The interviewer has spoken with over 30 billionaires in the past four years.
- Notable interviews include Tom Cruise, Will Smith, Shaquille O'Neal, Tom Brady, Mark Cuban, and Michael Rubin.
- The interviewer's business generated over $700,000 last month and is on track to make over $6 million this year.
- The interviewer's business model includes a marketing agency, consulting, brand partnerships, ad revenue, and a subscription community.
- Over 1,000 interviews have been conducted in total.
This isn't just about creating content; it's about building businesses. The best entrepreneurs look at their core business and all the different ways they can make money.
Lesson 15: Don't Take Advice from the Unqualified [2:25]
- Will Smith emphasizes that taking advice from someone who hasn't achieved what you want to achieve is "insanity."
- Listening to those who haven't done the thing you want to do can lead to negative outcomes.
- You should never take advice from someone you wouldn't trade places with.
Like he said, you have this idea, you have this business you want to start, and you're going to listen to somebody tell you not to do it or tell you how to do it a certain way, and they've never done it themselves. It's insanity.
Lesson 14: Build Yourself First, Then Network [3:13]
- Robert Herjavec advises that in business, "What you know" is more important than "Who you know."
- If you don't know anybody, you must become the person other people want to know.
- Successful people won't spend their time with just anyone; you need to provide value.
- Build your own brand, and other people will come to you.
Successful people aren't just going to go spend their time with somebody. You want to network with successful people; become successful. You want to network when you provide something of value. Build your own brand. Other people will come to you.
Lesson 13: Invest, Don't Just Save [4:46]
- A woman who became a millionaire at 33, running a tech company, shares her experience.
- She left Wall Street in 2013, where her job was to keep rich people rich.
- Her business, started in 2013, made significant money by 2017, earning just under $10 million in a single year.
- Wealthy people put their money to work, giving their money a "job description."
- You cannot save or work your way to wealth; you can only invest your way there.
You can't save your way to wealth. You have to invest.
Generational Wealth Day Promotion [5:44]
- An event called "Generational Wealth Building Day" is scheduled for October 22nd.
- It features three top investors and business owners offering direct mentorship.
- Topics include how to invest, where to deploy capital in 2026, best investment opportunities, and tax savings.
- Guest speakers include Ashley Fox (eight-figure tech company owner), Peter Tuckman (longest active trader on Wall Street), and a veteran wealth manager.
- Access to the event and a powerful entrepreneur community is available via a link in the description.
- Joining now can be free, but there are no replays for Generational Wealth Day.
All you have to do to get access to generational wealth day is go down, click the link in the description to sign up today and grab your spot.
Lesson 12: Stay Small Long Enough to Grow Big [8:11]
- A multi-millionaire from Houston made $16 million in 2020.
- The best financial advice received was: "Stay small enough long enough, you'll be big enough soon enough."
- This means keeping expenses low and not rushing into luxury purchases when income increases.
- He made $30,000 a month with only $3,000-$4,000 in overhead initially.
- Young entrepreneurs who experience one good month often spend everything, risking future financial stability.
- Reinvesting in the business and saving aggressively is crucial, even with lower initial profits.
Stay small enough long enough, and you'll be big enough soon enough.
Lesson 11: Think in Decades, Not Days [9:41]
- Reid Hoffman, co-founder of LinkedIn, saw his company acquired for $26 billion by Microsoft.
- When asked about making a billion dollars in one year starting from zero, he stated he "almost never play a one-year game."
- He advocates for playing a "10-year game" to allow for compounding and gain a differential edge.
- Long-term thinking is essential for creating something "epic" that changes industries.
Billionaires thinking decades, not days. When I asked him how to make a billion dollars in a year, he said, "I never play a one-year game. It's always a 10-year game."
Lesson 10: Master Sales and Marketing for Omnipresence [10:53]
- Muhammad Binghatti, behind Bugatti and Mercedes-Benz residences, made nearly $5 billion in a single year.
- Scaling to a multi-billion dollar business requires mastering the art of sales and marketing.
- The strategy is to be "omnipresent"—everywhere at all times and known by everyone.
- In the beginning, with limited resources, the product itself was made to market itself.
- Being omnipresent is an underrated concept; you need to be everywhere on every platform to avoid leaving money on the table.
- Building a large business media channel with 17 million followers allowed contact with prominent figures like Muhammad Binghatti.
Omnipresence is one of the most underrated concepts in business. You got to be everywhere at every time and be known by everyone.
Lesson 9: Never Get Comfortable [12:21]
- A founder who sold two companies for billions, including Body Armor to Coca-Cola for $8 billion, is interviewed.
- Despite significant success, the sentiment is happiness, not contentment, as there's "a lot more to do."
- The biggest problem business owners make is becoming too comfortable after initial success.
- One must "pour gas down your competitor's throats" and never become complacent.
The biggest problem that business owners make in today's world is they get way too comfortable. No matter what, you can be happy, but don't be content.
Lesson 8: Hire Smart People [13:14]
- John Morgan, the "richest lawyer in America," became a billionaire through law.
- He states, "I am not smart and I know I'm not smart, which is very good."
- He is smart enough to know his limitations and hire people who are smart.
- He draws a parallel to Rockefeller, who hired scientists despite not being one himself.
- The key is to find the right people for the right roles.
I'm not a smart guy, but I'm smart enough to go find smart guys and girls.
Lesson 7: Make Money While You Sleep [14:32]
- Joshua Crisp, a top internet marketer, made over $11 million in a single year.
- The greatest piece of advice received: "If you don't find a way to make money while you sleep, you'll work until you die."
- This echoes advice from Warren Buffett and the idea that money made with the "brain" outlasts physical labor.
- Billionaires invest their money, not just save it, to achieve wealth.
If you don't find a way to make money while you sleep, you will work until you die.
Generational Wealth Day Reminder [15:38]
- The "Generational Wealth Day" is happening on October 22nd.
- It offers direct access to wealth managers and investors to learn how to make money work for you.
- Attendees can learn where to invest going into 2026.
- Sign up for free via the link in the description.
So that way you get direct access to three of the greatest wealth managers, investors of our generation, so you can ask your questions to them on how to make your money work for you and where to invest going into 2026.
Lesson 6: Change Equals Opportunity [16:14]
- A former CEO of 7-Eleven and Blockbuster discusses his career.
- The biggest driving factor of success is embracing change, as "change equals opportunity."
- People often resist change, but adapting to it can lead to significant advantages and shareholder value.
- Business owners must adapt and pivot to survive and thrive amidst new technologies and market shifts.
CEO is all about change equals opportunity. If you embrace it, you'll see that if I respond to this change and others don't, I'm going to turn that into shareholder value.
Lesson 5: Marketing is the Key to Growth [17:34]
- Todd Johnson, from Beverly Hills, generated $90-$100 million in revenue across his companies in one year, with $25 million for himself.
- A crucial business lesson not taught in school is marketing.
- People need your product or service but may not know you exist.
- Your job is to identify them, reach them on the "highest mountain top," and make them aware of who you are.
- Marketing is the most underrated component of any business; without leads, sales are impossible.
What they don't teach in school is that everybody needs you. They just don't know who you are. So, your job is identify who those people are, get to the highest mountain top that you can, and tell them who you are.
Lesson 4: Action Takers Don't Procrastinate [18:50]
- The principle is that there is "no delay" when you are ready; procrastination is the "assassination of all destination."
- Tomorrow is reserved for the "labor of the lazy."
- A dream without action is just a wish.
- The richest people in the world are action takers who start now, as there's no perfect time.
- "Success loves speed."
Procrastination is the assassination of all destination. You do not procrastinate.
Lesson 3: Think Bigger, Less Competition [19:41]
- A founder whose brands have grossed over a billion dollars shares advice.
- The key takeaway: "You have to think bigger."
- It's the same stress to worry about $1,000 problems as $10 million problems.
- When you aim higher, there's significantly less competition because most people are trained to think small.
- Clients with larger problems often have more capital and can be less critical than smaller clients.
It is the same stress to worry about thousand problems as $10,000, hund,000, million, 10 million, 100 million. It is the same worry. It is the same stress, the same effort.
Lesson 2: Believe in Yourself – Trust Your Wings [21:11]
- Billy Ray Taylor, an executive at a $10 billion company, advises his 20-year-old self to "believe in you."
- Using the analogy of a bird on a branch, the bird trusts its wings, not the branch.
- You must have belief in yourself, as others won't believe in you if you don't.
- Nobody else will do it for you; you have to trust your own capabilities.
If a bird lands on the branch, does the bird trust the branch or does it trust its wings?
Lesson 1: Live Each Day Like It's Your Last [22:09]
- The final piece of advice emphasizes the finite nature of life and the importance of gratitude.
- Life is a "strip from 1 to 100," and average lifespans are 75-81 years.
- What you have left is what you have left, and quality of life can diminish.
- "Live each day as a life in miniature. Live it on steroids and wake up with gratitude."
- Tomorrow is not guaranteed; make the most of every day given.
Tomorrow's not guaranteed. We are not going to be here forever. So, it is up to you and me to make the most of every single day we are given on this earth.
Call to Action and Community [23:46]
- The event "Generational Wealth Day" is highlighted again for October 22nd.
- Attendees will get direct access to top investors and entrepreneurs.
- Signing up via the link in the description grants access to the event and the "most powerful community for entrepreneurs."
- The channel encourages viewers to like, subscribe, and comment with their favorite piece of advice.
I need you to like and subscribe for incredible content we have coming to this channel every single week and comment below who you thought was your favorite piece of advice that was given.
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