Hi guys it's mark so today we're going to be talking about the four key steps you need to take in order to become a millionaire in five years, starting with zero dollars assembling assets. I said to you: look, i'm not going to give you the money. You've got to earn the money, so you came up with quite a good way of doing it. Didn't you boosting your value.

Free to fee is the strategy. I use building passive income, it's now 30. 000. So it's actually one of the best investments.

I've made the compound effect. My aim is actually to become a millionaire this year, which is in line with what dad did this target may sound crazy, but this video is based on cold, hard facts and the figures are entirely achievable by anyone as long as you're. Armed with the right knowledge today is a little bit different from usual as we're going to be looking at how my 23 year old son curtis plans to become a millionaire this year by looking at how he got started his investments and finally revealing his net worth. He wants to be a bit nosy today.

Doesn't i certainly do this? Video is just to show you what's possible and in no way intended to be a flex before we jump into this. Let me just say: i haven't given curtis any money, only knowledge the same knowledge. I give everyone for free on this very youtube channel. So if you want to grow your wealth, then subscribe and smash that like button for the ltube rhythm, so i'm here with curtis hi, guys and step one is all about assembling your assets.

Now you've got to have some form of income to do that, and that might be as little as your pocket money as you're, starting out or even from a side hustle. I know you always used to worry about spending your money on stuff that wouldn't actually create income yeah. I was even worried about buying a hot chocolate in the early days, which sounds a bit silly, but yeah that wasn't going to make me any money. But i tell you what if i bought a coffee that would have given me a bit of an extra boost? Wouldn't it well exactly so.

You've got to look at the upside of whatever you do, but it's all about buying things that create money for you, rather than take money out of your pocket. So you don't want to be buying liabilities, particularly when you start off. It applies to everything. So getting a laptop getting a phone making that pay for itself before upgrading and that's what i always tried to do extract as much value as i could from the items i bought yeah and that even goes for getting yourself a car.

You know a car doesn't have to sit still out in your car park all day long. You can rent it out to people. You can go and use it in the evenings to do pizza deliveries. There are so many ways you can make a liability turn into an asset, and if you buy something used, you can extract that value far quicker and turn that thing from a liability into an asset, and i also remember when you first bought your first laptop.

I said to you: look, i'm not going to give you the money. You've got to earn the money, so you came up with quite a good way of doing it. Didn't you yeah, you would think millionaire dad yeah. He would give you the two grand for the laptop, because i was working with red bull um.

I needed the laptop to edit, but no it was a no oh. You have to go to the bank to get the money uh, but luckily my nan gave me the money bank of nan good old. Now to be fair, she didn't give me the money, but i did pay it back over time, so it's alone yeah. Thank you.

Nan one of the things a lot of people seem to want to do. Is they get a small amount of money and they want to invest it and make it into a massive amount of money very, very quickly, be that in crypto or in stocks or the meme stocks, and that's not necessarily really the way to do it? Is it when you're young, you need to invest in yourself yeah? No, it's very easy to see all these people becoming millionaires like the dogecoin millionaire, making these massive bets on coins and they're all going their way. But you don't hear about the people that actually lose everything, so it's much safer to actually invest in yourself and progress that way and then invest after that, even if it's just a book for 9.99. Actually i heard something really interesting about.

That is how do you get um 10 hours with a billionaire well by their book yeah. Exactly so simple, of course, a really good way of getting your investment journey started is picking up your free stock slice worth between three and a thousand dollars from public.com i'll leave the link in the description. So you got that laptop and that enabled you to do lots of different jobs and i'd say what at 16 to 18. What was your net worth at that point in time? Well, probably minus two grand or so because i was in debt for the laptop but um yeah yeah.

I was building it up. Step two is to capitalize on your value, and society will pay you based on what you bring to the market yeah and it's not just based on the value provided it's about perceived value as well. I mean arguably a footballer provides less value than a doctor, but the footballer still gets paid more because it's more valuable to the market. One of the best ways of capitalizing on your value is using your network, and i know it sounds a bit cliche, but your network is your net worth and it's not just about leveraging your existing connections.

It's also about building a new network around what you want to do. I mean dad wasn't in the same industry as me, but i had to create my own network by doing lots of free videos at first and then free to fee is the strategy i used. After i built out that network, i got so many referrals, and i didn't actually have to do any marketing, which is great a great way of providing extra value, is to niche down into the industry that you're particularly good at and become expert at it. If you think about it, a general doctor is never going to make the same as a surgeon.

So it's being that expert in your field and then you can command the higher prices. Everyone i've ever met. That has done well believes that you can be successful too, and it's this abundance mindset that makes that possible yeah. They don't think, there's a limited bucket of money, just sitting there and everyone's taking from it leaving less for them.

They think that it's everywhere there's this abundance of money and wealth that you just have to go and put the work in to get. I always feel in life. You should always go above and beyond, provide more than you promised to deliver. That's the way to go ahead, yeah and that actually rings true for me, as well with my first client, the first filming day.

We did just didn't go very well and i was a bit demoralized and i could have stopped there and just given her the videos, but i decided to go back, give her another free day, and then we made some really awesome. Videos, and actually my biggest client, saw that and hired me. So if i didn't put the extra effort in, i probably wouldn't have made that future connection, so it's so important so around 2122. What was your net worth? At that point, i would say probably around a hundred thousand dollars.

Oh add it to the counter step. Three is to create passive income. Now passive income can't be underestimated. It is so good in my business.

I have multiple income streams that are passive, like my website and ebay and they're providing finance into the business 24 7.. Now is the time you really want to start ramping up your investing because you've got the cash, but you haven't got the time, and i know i introduce you to this as well and you're doing really well yeah. Now it's going well, but it did take a while to build up the profits in my business, then to finally invest more heavily into the stock market, and when i did invest not all my stocks are up. No, i did experience a lot of down periods.

So how are your stocks doing now? That's what i'm interested in he wants to be a bit nosy today. Doesn't i certainly do we'll start off with my smallest holding, which is in crypto. I've got 64 000 in there. It's my smallest, because i didn't actually know about it.

At the start, i was just investing in the stock market um but 2020 and 2021, and hopefully 2022 crazy times the crypto. So i thought i want a piece of the action. Curtis is now using the ftx app for his crypto trades, which is really great because the fees are 85 percent less than the competitors and what i really love is when i use the code mark tilbury, i get free crypto on every trade over ten dollars. I'll drop the link in the description and what about individual stocks? Well, that's one! I'm a little bit more excited about.

I've got seventy three thousand dollars in that approximately wow, that's a bit high in it! Well, i am a bit younger than you dad, so i can afford to put a bit more in. That is very true. Obviously the younger you are the more risk you can take and how about your index? Funds well you're, always banging on about index funds and that's so important. I know that so that's the one i've been investing in the longest and well.

I've got a few different index funds, but i've got 118 000 in there wow, that's fantastic, isn't it absolutely brilliant? I just did it to impress you. Thank you very much. I understand you have actually treated yourself recently as well. Haven't you wow? Yes, um just flexing a little bit yeah.

No. I've got the rolex, which was actually a really good investment. A lot of people on instagram said this was a bit of a waste of money, but i tell you what i paid 24 000 for it and then within the space of a couple of months, it's now 30 000.. So it's actually one of the best investments.

I've made and everyone loves a rolly, so you've got all this money. He must have a lamborghini sorry to disappoint, but i don't i've been watching your tick tocks too much. I've actually got a tesla which is a nice car, but not nearly as expensive as a lamborghini. It's worth about fifty thousand dollars at the moment: um, not an investment, of course, but it does save me money on fuel when it gets me around and it improves my lifestyle.

One of the great things about the tesla as well is it's a fantastic business write-off? Well, i am proud of you, but how much cash have you got in the old bank? Well, he's diving deep today! Aren't you! I am because i want to include the audience in how you're building your wealth, because that can be done by them as well. Yeah. Well, to be fair, i've got 344 000 in the bank, that's split between some business accounts and personal accounts. It's not just all in my personal account, but i have accounted for a little bit of tax with that as well.

I do want to make something clear quickly before we move on, i'm really grateful for the help dad's given me and obviously i'm in quite a privileged position but yeah. I just want to make that clear that i am grateful thanks son, but you have been putting 20 hour days in so you do deserve it. Thank you dad step. Four is the compound effect, and this is a bit like a snowball rolling down a hill as it gradually rolls down.

It gets bigger and bigger. It's your money, growing yeah! My aim is actually to become a millionaire this year, which is in line with what dad did. I know this might sound like a massive challenge and it is, but i've got all of this passive income that i built up all the businesses running in the background. So anything extra i do adds to that which makes it possible, i believe, that's definitely a big target, but it's certainly possible.

So what are your plans for the future? Well, first of all, i want to ramp up my consultation business. Next i want to start my own youtube channel to start documenting my journey. Then i want to invest more in the stock market and whatever else floats my boat, so basically it's going to 10 exit. So you're, ceo of a multimedia company - and you also have a consultation, business and you've got all this passive income coming in.

So what is your net worth? Well, the big drum roll come on. It is 630 000 wow. So i'm going to put the next video right over curtis's face, but don't click on it just yet make sure to subscribe. If you want to grow your wealth, okay, i'll see you over there.