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But we must recognize that, in many cases, were notbuilding wealthbecause of some poor habits weve developed.
Instead, treat most nights like school nights and focus.
Sometimes its hard to say no,' Sanchez said.
And so, I dont always say no.
Sometimes I say, Sorry, not right now.
Im in build mode.
Nobody can argue with that idea of build mode.
I dont want to be liked, Sanchez said.
I want to be respected and I want to win.
And that is a methodology you have to take on if you want to win this game.
Sanchez clarified that being bossy doesnt mean being mean.
It means holding the highest standard in all aspects of your life and work and giving people constructive feedback.
Youre Not Being Protective of Your Time
Weve all heard the saying, Time is money.
Take the power of compound interest if you need a concrete example.
Not being protective of your time is a bad habit that keeps you broke.
The average person gets 41 texts, 100 emails and five calls daily, Sanchez said.
Im like 3x that.
So, silence those phone notifications and hold off on dealing with nonurgent emails.
Your time is precious and you better delegate it wisely.
Additionally, consider integrating the Pomodoro Technique into your work life.
Thistime management methodinvolves working in 20-minute intervals with brief breaks in between.
Lets say you could build a business all by yourself, Sanchez said.
Its shallow and lonely.
If youre starting your own business, having other people around will help you thrive and stay motivated.
Why do you think so many YouTubers quit?
I think so many of them quit because they dont have a team to continue to push for.
If I quit, 20, 30, 40 people would be unemployed.
Sanchez explains how things actually work.
Walmart you know what their profit margin is?
What is the average small business profit margin?
Heres the kicker: Most people think the businesses make around 36%.
Important to note: Money in your pocket is not revenue, Sanchez said.
This can be overwhelming and taxing on our brains.
Youve gotta find a way to treat your brain like a sauna, Sanchez said.
you’ve got the option to do meditation, you’ve got the option to do workouts.
Youre Letting Doubt Get to You
We live in a society where were constantly being marketed solutions.
These solutions imply that we have problems that need to be solved.
It all perpetuates self-doubt.
If you want to be successful, youve got to let this self-doubt die.
Just as importantly, youve got to let the external voices feeding into that self-doubt fade away.
You never know youre going to win one way or the other, but that doesnt matter.
The only thing that matters is that you know what you want.
Nobody comes and tidies up after you.
This may sound not meaningful, but cleaning up after yourself is integral to building wealth.
Sanchez swears by an early rise and shine if you want to make much money.
Its a lot easier to get it done if you do it early, Sanchez said.
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