How to Become a Millionaire in 3 Years | Daniel Ally | TEDxBergenCommunityCollege
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Published 2016-03-30
Daniel Ally became a self-made millionaire at the age of 24.
It all started when he realized that he was living far below his potential. After years of drug abuse and failing at life, Daniel was fed up. One day, he went to his local library and searched endlessly for truth. After discovering a few books, he decided to turn his life around. For many years, Daniel gave thousands of speeches, reached millions of people, and built successful companies, making Daniel a millionaire in the process. Search on the internet and you’ll find that TIME, Fortune, Business Insider, Yahoo, and other major publications have enjoyed Daniel’s work. He is also a top contributor on Entrepreneur Magazine. He is the author of two best-selling books, which can be found in 46 different countries in thousands of libraries. From billionaires in Boston to amateurs in Austin, Daniel has traveled to hundreds of cities, shaking hands and connecting with all kinds of people across the globe.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
All Comments (21)
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The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
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Moral - 1. Real books, 2. surrounded with people like yourself, 3. Set goals. & here 13 minutes of your life is saved
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Buffett likes to say "the best thing to invest in is yourself"...meaning upgrading your skills, asking for the raise. It will give you more satisfaction out of life and more disposable income to put in the market sooner to have more compounding in your favor
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"The people you're looking for are also looking for you." that hit me hard... great speech. learned a ton
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Points (4:33): #1 Read more books. - Read the books that help you solve your problems. Books are the tools that release the heavens of our minds. You become what you study. #2 Get around the best people you can. - A lot of people have the right intentions, but provide the wrong directions. #3 Set higher goals. - Goals help you stretch, Write your goals down. Plan your steps. When you think BIG you'll win BIG. Think B.I.G. - Books, Individuals and Goals.
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If you can save 333k each year. That’s a million in 3. Thanks for coming to my talk
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Years later and this video still makes a lot of sense but Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
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A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
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I totally agree with all three points 1. Read to excel your knowledge. 2. Meet the leaders. 3. set higher goal.
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"Don´t become a man of success, try to be a man of value." - Albert Einstein
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5 years later, I came back to this video. Loved every second of it. A lot has changed for me in the last 5 years, and this man is right.
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A very motivating video that folks really need to watch ! I’m 55 currently, retired early at 50. I have 35% of my in vestments in an IRA, 25% in index funds, and the balance in other in vestment accts. I receive income from rental property too. Zero debt. Life's been good.
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3 Key Principles: 1. Read More Books. 2. Get Around The Best Individuals. 3. Set Higher Goals. There you GO!!!
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I have a talk prepared called "How to become poor in 1 hour" based on my own experience and expertise. Do you think I have a chance to talk at TEDx?
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I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment all thanks to my adviser Susan Kay Mack, and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video!
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To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
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I turn 70 next mon, but after watching this video I decided to go out and do something with my life!
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" in order to change your reality, you have to change your mentality and the people you surround yourself with " what a great talk
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Very educative video, Isn’t it awesome how the smallest information can create massive financial success, this was my case when I got introduced to Mr. Larry Kent Nick
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He gives salesman vibes but he doesn't make "the pitch". He's simply presenting proven, foundational habits of success in a way that's easy to remember. A mark of a good teacher. His definition of success is ideal for most people.
