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Give me 12 minutes, you'll get ahead of 97% of people | Vincent Chan | YouTubeToText
YouTube Transcript: Give me 12 minutes, you'll get ahead of 97% of people
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so I went from working in a supermarket
to having seven figures in my 20s and I
realized it's actually pretty simple to
get ahead of most people in the next 7
months it's not about being smart
talented or born rich all it takes is
being hyper aware in implementing these
five rules starting with the 955 rule so
most of what we think success looks like
is the social media version of it right
it's the seeing the fancy trips the
luxurious events or the all the pizaz
but the truth is the success that you
want is found into things that you've
been avoiding and a great example of
this is with Kobe Bryant so one day at
the Olympic Village Kobe he had a
scheduled workout with his Gym trainer
later on the day but he showed up at the
gym at 4:00 a.m. to do an intense
warm-up before the actual training
meaning for the next 45 minutes Kobi
practiced the most basic footwork the
most basic drills with 110% effort and
later on when someone approached him and
asked him hey you're the best player in
the world why are you doing such basic
drills and Kobe replied why do you think
I'm the best player in the world because
I never get bored with the basics you
see the point is most things that are
worth having require you to be extremely
consistent for an extraordinary period
of time 95% of success happens in the
shadows and the 5% that you see is in
the spotlight if you want to be able to
get ahead or change your life the key is
to identify the basics and do them for a
long period of time but just because
they're considered Basics doesn't mean
that it's easy the basics are hard
because they are usually boring and not
fun but at the same time that doesn't
make them any less important so if
you're a writer commit to writing every
single day you'll write faster and
you'll be better if you're in sales
commit to calling 50 people a day even
if you fac 49 rejections you still made
one extra sale and don't over complicate
any of this right I I can't even begin
to tell you the amount of times that I
created the most elaborate most complex
action plan that I thought was going to
improve everything by 102 X only to
never actually end up looking at it
after a month the more complicated your
plan is the harder it is for you to
stick with the next rule is to use your
discomfort as motivation and this is
something that I learned from Tony
Robbins and it's that people do not
change until they realize that the pain
of staying the same is greater than the
pain of change for example right after
college I landed what seemed what I
thought was the perfect opportunity I
had a cushy job on Wall Street with
great benefits and a great salary and my
parents were super proud and I felt like
I was doing everything right but then 6
months in around 6 months in I found
myself walking in a circle outside of my
office building trying to delay the
moment that I actually had to walk into
work and the breaking point came when I
had a oneone with my manager and he was
mapping out my growth trajectory for the
next 5 years what I was going to achieve
blah blah blah and while he was smiling
the entire time I felt like I was just
suffocating after that I decided to map
out my plan to qu quit in St my own
business and on the day that actually
put in my two-e notice my boss offered
me about a 30% raise to stay and I just
politely said no and within the first
seven months right of starting my own
business those were some of the hardest
months of my life right I barely got any
sleep I made silly mistakes that cost me
a lot of money but even then I kept on
going because even on my worst days
right the fear of failing at my startup
or my business was nowhere near as heavy
as the fear of looking back at 40 years
and wondering what if the point is if
you think the price of success is too
high wait till later on when you get the
bill for regret in my case I could have
stayed at my kushy job right it was
comfortable but I didn't want to be on
my deathbed when I'm 93 and a half
looking back at my life and have this
regret that I wish I did something
different instead I want to be able to
look back at my life and be proud of
what I created so if you want to get
ahead in life and avoid a life of regret
I want you to think about where you'll a
year from now if you just kept on
putting what you need to do off you'll
be in the same exact spot with the same
amount of money the same daily routine
making the same excuses While others
other people are making progress to
where they want to be and if that makes
you feel uncomfortable that's a good
thing I want you to use that discomfort
as fuel because the reality is time will
pass either way but the question is
where will you be when it does next is
you need to be hyper aware of the pig
million effect which in simple terms
basically says people perform up to
their expectations like I have a Founder
friend who told me the reason that she
didn't start her business until she was
48 was because she came from a tiny
Minnesota town of like 2 3,000 people
and I still remember she would spend
years right looking at successful people
from big cities telling herself that
that could never be me here and making
excuses about how you needed to be in
New York or in California in order to
make it but then at a networking event I
think she was in in Chicago right she
met someone who built a seven figure
software business who came from an even
smaller town than hers and that's when
she realized that she's the one who's
been holding herself back the moment she
stopped looking for proof that she
couldn't succeed in Minnesota and
started looking for proof that she could
everything changed I think it was just
in 2024 or 2023 her jewelry business
just crossed $1 million in sales the
point is whether you think you can or
can't you're right our brains are really
good at finding information that fits
our narratives and beliefs that we tell
ourselves and really good at ignoring
information that goes against it for
example if you are convinced that
someone is out to get you right you're
going to act differently around them
instead of being open and warm and kind
you might be cold and maybe even a
little bit hostile and do you think that
when that person experiences that
treatment from you are they more likely
to be friendly or equally as cold you
see your initial belief about that
person whether it was true or not
created this tense and and cold
relationship that you were hoping to
avoid which then proves your original
suspicion and this is called
confirmation bias and this applies to
everything every aspect of life how you
think about the world how you think
about wealth and more importantly how
you think about yourself so if you
believe that the world is full of
opportunity and potential for success
your brain will work just as hard to
prove that right so start using your
thoughts to focus on things that move
you forward instead of things that are
that hold you back next is the one two
rule or one in and two out like for
example when I started taking personal
finance seriously right for some reason
I was very very stubborn right I I tried
to save as much as I could and I thought
that as long as I did everything myself
that was the smartest way to save money
like I I'd sit for days watching
tutorials on how to build a website or
design a logo or or even file my own
taxes because I had convinced myself
that the time I spent was worth it
because I was saving money but then one
day while being annoyed at how ugly my
website or my logo looked I don't
remember which one that I spent weeks
designing I had an epiphany right I was
saving money at the expense at the cost
of my most valuable resource time in the
book The Almanac the author says that
everyone should set an hourly rate
meaning you should calculate what an
hour of your time is actually worth and
refuse to do task that can be outsourced
for less than your hourly rate now
traditionally Outsourcing meant hiring
someone or hiring people but today you
can use AI for example instead of hiring
an assistant to go through my inbox and
respond to emails I can use chbt to
write my emails for me the point is
getting ahead in life isn't always about
working harder right sometimes it's
about working on the right things so
instead of wasting your time on tasks
that aren't worth it start spending it
on things that can actually move the
needle so how do you do this right first
is you need to calculate your hourly
rate let's say you earn about $100,000 a
year right you want to divide that by
the number of hours you approximately
working a year let's just say 2,000
which is roughly about 40 hours a week
meaning your hourly rate is $50 then you
want to evaluate all the tests that you
spend time on for example if you spend 5
hours making PowerPoint slides that is
going to cost you
$250 now ask yourself Can you hire
someone or use AI to do this thing for
less than that amount if yes then
Outsource it or use Ai and instead
reinvest those 5 hours that you were
going to spend anyway and instead spend
it on more valuable activities like
developing your business strategy or
working on more impactful projects and
just an example of some AI tools that I
really like I like using Tanya for my
notes uh my task and transcribing my
meetings I like using grammarly to fix
my grammar um and then also Claude in
order to help me come up with some ideas
there are a ton of different AI tools
available for free just spend a couple
of hours researching and how you can
Implement that to replace task that you
want to Outsource the next way to get
ahead is to move from a position of low
accountability to high accountability
and back when I worked on Wall Street I
remember chatting with some like temp
intern people right who were doing basic
data entry work and I learned that most
of the most of the guys there absolutely
hated their job right they vented about
how they barely got paid and how their
job was Mindless and at the time I
didn't really think much about it um
because everyone vents about their job
but in retrospect I realized that they
were right the unfortunate reality is is
you'll never get ahead or be super
successful or super wealthy by doing
data entry or any of those entry-level
jobs because most entry-level jobs are
low accountability positions it's task
that most people can do and that's why
it's entry-level so while your employer
might value your work the stakes are
pretty low they don't need you need you
meaning if you're not available to work
they can easily find someone else to do
the job on the other hand a high
accountability position is when you are
able to provide something that will have
an actual impact on the person who is
relying on you and that impact right it
has to be something that that person
cannot do themselves and something that
other very few people can do the point
is employers value people who can solve
complex problems which often requires
you to have a a broad set of skills and
a a study found that hybrid roles
meaning those that required skills from
different domains multiple domains are
expected to grow more than twice the
rate of the General job market and these
hybrid roles pay more too uh for example
right marketing managers who know SQL
earn 41% more than marketing managers
who don't so if you want to move from
low accountability to high
accountability it starts with applying
the t-shaped skills model and it's
actually pretty easy to understand so
just imagine the letter T right the
vertical bar of the T represents your
entry level skills it's the thing that
you started with and you are really good
at like for example data entry if you
just have this vertical bar then you're
at a dead end there's not that much room
to grow you're just in an Excel file all
day and that's where the horizontal bar
comes in and which represents your
knowledge your skills across multiple
areas or domains it's things that you
can do to make the data entry skills
more valuable maybe you want to take a
tab course and you learn how to
visualize the data in a way to tell
compelling stories or you take a digital
marketing course and now you collect
data but you also can analyze it to
drive marketing strategies just like in
Tekken or Street Fighter right the
broader your skills are the more unique
combos you can do to your opponents and
the more likely you are to win which
leads me to something that you've got to
start accepting it's that even though
you might be trying your hardest to get
ahead and do better sometimes it might
feel like you're not doing enough and
and that might be because you think
everyone is doing better than you but
that's wrong click here to find out why
you're not actually behind and why you
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