5 things I stopped doing to become a millionaire

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  • Опубликовано: 25 июн 2024
  • 📹 Watch the Erika Taught Me podcast to level up your life: erikakullberg.com/watch-podcast
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    To become a millionaire I had to changed my mentality around money. My whole life I used to think becoming a millionaire was an impossible goal to achieve, but once I started really researching how to do it, I realized it's not as impossible as it seems. And in today's video I'm discussing the 5 things I stopped doing to become a millionaire, tips which I hope will help you to become more successful and financially savvy!
    00:00 Intro
    00:49 Chasing Pennies
    04:02 Letting Go of What Other's Think
    05:50 Don't be the Smartest Person
    07:13 Managing my Time
    08:25 Stop Pursuing Active Income
    09:43 Remove Shallow Work
    📌Join 4 million followers on Instagram to see my other money videos: / erikankullberg
    NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
    Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

Комментарии • 232

  • @user-FM1
    @user-FM1 2 года назад +121

    "If you are the smartst person in the room , you are in the wrong room "
    Lesson learned ✅️

    • @harryverlander7233
      @harryverlander7233 2 года назад +3

      What if you’re the smartest person in the world 🤔

    • @user-FM1
      @user-FM1 2 года назад +2

      @@harryverlander7233 then enjoy living and don't worry about anything.

    • @OhNoNotAgain42
      @OhNoNotAgain42 2 года назад +5

      Every time that I’m in a room, I see someone get up and leave. Then another. Then another. I’m always the last one, left alone, in every room. I can’t figure out why.

  • @lunang8864
    @lunang8864 Год назад +7

    “Stop pursuing active income” thats a Wow for me. Thank you

  • @Erika2
    @Erika2  2 года назад +33

    Get Loom for free now at loom.com/erika
    Thank you to Loom for sponsoring a portion of this video!

    • @alexcaporicci3265
      @alexcaporicci3265 2 года назад +1

      Sending short productive looms instead of holding longer meetings is a great idea!

    • @NifftyTheKiller
      @NifftyTheKiller 2 года назад

      U look like a 16-year-old and way too young to be a lawyer LOL BTW no offence

    • @Animallover-ky5ss
      @Animallover-ky5ss 2 года назад

      I think that you're amazing I'm really glad you started posting on RUclips !

    • @crowgrl13
      @crowgrl13 2 года назад

      You have a bunch of spammers in the comment threads, including some claiming to be you.

    • @allenrodriguez7387
      @allenrodriguez7387 2 года назад

      First time ever watching one of your videos so I subscribed right away and thank you in advance for what I will hear

  • @3Courageous3
    @3Courageous3 2 года назад +140

    As someone who wants better for themselves financially, thank you from the bottom of my soul for this video.

  • @KendraRN
    @KendraRN 2 года назад +7

    Thank you for your content! I’m binge watching

  • @alexcaporicci3265
    @alexcaporicci3265 2 года назад +9

    First video I've seen outside of shorts; amazing content and appreciate the educational imformation you hand out!

  • @WellBehavedWallet
    @WellBehavedWallet 2 года назад +9

    Such helpful tips - completely agree with trading time for money. Huge shift to transition into a position that allows you to scale up.

  • @ABLE1
    @ABLE1 2 года назад +5

    Thank you for all your work and videos. I also know a change is needed to move towards the life I want.

  • @sofialeonardo8777
    @sofialeonardo8777 2 года назад +18

    Inflation is killing my budget and my salary. I can't invest and it seems like I will need to sell all of my risk assets to keep my head above the water this year.

  • @lilramborambo4399
    @lilramborambo4399 2 года назад +10

    It's great to see you again... Hope all's well with your travels... Great stuff as always..😉👍💛🤑🤑🤑🏆

  • @godwinokpara8597
    @godwinokpara8597 2 года назад +2

    Great tips! Thanks

  • @carolinesviews47
    @carolinesviews47 9 месяцев назад +3

    You thought me so much! Thank you for that Ericka.
    ‘We never stop learning, until we are no more’.
    Talk soon.
    Lady Caroline

  • @alavotremagazine9728
    @alavotremagazine9728 2 года назад +32

    Erika, your such an amazing person! Thank you for all your videos and sharing your journey and knowledge. You truly are making a huge difference!!!

  • @thedufloth
    @thedufloth Год назад +7

    I love your videos Erika, it is helping so much. Thank you!

  • @mallorywest1535
    @mallorywest1535 2 года назад +12

    I discovered your channel through a Short. I’m so happy I did! I’m intrigued and hooked already and as I explore your content more I’ll let you know what I decide to do. I too want to be an independent millionaire . I can tell you that you have great eye contact with the camera. It feels like your talking directly to me not a mass audience. I like that! Thank you and I’m off to explore your content. 👍

  • @kelechinjoku7276
    @kelechinjoku7276 Год назад +2

    Well done. Enjoyed every moment

  • @serahaupong8977
    @serahaupong8977 Год назад

    Thank you so much for sharing these

  • @financialfiat1911
    @financialfiat1911 Год назад +2

    Always great advice.

  • @grantajgaming5459
    @grantajgaming5459 2 года назад

    Appreciate your honesty

  • @jermaineboyd6594
    @jermaineboyd6594 2 года назад +4

    Ah great to see you once again,it's been a minute since I watch one of your videos I also watch your shots too,I think any thing is possible I just got to put my mind to it.

  • @kayleighskitchen646
    @kayleighskitchen646 2 года назад +1

    This was really helpful thanks x

  • @freecloudfish
    @freecloudfish Год назад +1

    Thanks Erika, these tips are useful, please share more :)

  • @heatherfeather9951
    @heatherfeather9951 2 года назад +3

    You are an inspiration in so many ways!

  • @anastasiyasolomonenko9017
    @anastasiyasolomonenko9017 2 года назад

    Thank you so much for sharing ❤ 😊 Its Amazing 👏

  • @douglasgrossi196
    @douglasgrossi196 Год назад +4

    You are so amazing…. Thank you very much for being so transparent.

  • @tameralusk9089
    @tameralusk9089 Год назад +2

    Awesome video ! I love all your tips

  • @confusedindividual
    @confusedindividual 11 месяцев назад +2

    “If you’re the smartest person in the room, you’re in the wrong room.”
    Schoolteachers: 😨

  • @dave1ahc
    @dave1ahc 2 года назад +5

    I really like this video that you did particularly the part about exchanging time for money. I’m a mentor with the small business administration one of my mentees was using the same verbiage and I’ve used it for a long time and I’ve often said that if you can find a way to make money while you’re sleeping you got the perfect thing. Keep up the great work love it absolutely love it!

  • @jesscallisto5907
    @jesscallisto5907 2 года назад +5

    i adore u. so humble yet prosperous. love to see it

  • @RealPolya
    @RealPolya 2 года назад +5

    thank you for the inspiration :) its so refreshing to see how people think outside the box and break through the stereotypes

  • @VSGLife
    @VSGLife 2 года назад +4

    Gurl! U are on fire! 🔥🔥🔥🔥❤️ Appreciate u so much! 🙏🏾

  • @no.12_Production
    @no.12_Production 2 года назад +2

    Your channel is great! The advice about using yt shorts to help your channel clearly works as that is how i found your channel! 💪

  • @superking1546
    @superking1546 2 года назад

    Amazing video quite informative 👍

  • @MrJbaker020
    @MrJbaker020 2 года назад +50

    Congratulations on becoming a Millionaire. I remember your 1st video's how hard it was for all the trolls bothering you. You are an awesome example of success. Thank you for all you encouragement.

    • @WeartheGoodSocks
      @WeartheGoodSocks Год назад

      ooh now I have to go watch her earlier videos. (new to the channel) 🙂

  • @patriciahairstylestv
    @patriciahairstylestv 2 года назад

    So cool thank you 🙏🏾

  • @brighteyedsmiles
    @brighteyedsmiles Год назад +2

    clear, helpful and inspiring!

  • @JayavarmanSeven
    @JayavarmanSeven 2 года назад

    Excellent video!

  • @farfalina201
    @farfalina201 2 года назад +69

    I love your videos but what’s the point of being a millionaire if you can’t spend the money. I say enjoy your money and life while you are still young. I’m definitely frugal but I will treat myself to a dinner or a mani/pedi.

    • @divx1001
      @divx1001 Год назад +31

      You missed the point, she actually said that you shouldn't chase pennies...

    • @chimbuzi1
      @chimbuzi1 Год назад +9

      Sometimes it's not about the money but rather about optionality and freedom 🤔

    • @Winterstick549
      @Winterstick549 9 месяцев назад +4

      You need to rewatch the video

    • @luiscarranza6731
      @luiscarranza6731 4 месяца назад +2

      So that later in life, you can live and give like no one else. ~Ramsey~

  • @jodib679
    @jodib679 11 месяцев назад

    Great vid!

  • @MutsyChils
    @MutsyChils 2 года назад +64

    I completed University 6+ years ago but up until now I haven't been able to find a job that pays me well or on time and I still have no stable source of income. This video is such an eye opener because I've been contemplating starting a RUclips Channel and doing TikTok videos
    I know I can also become a millionaire and I'll make sure that dream comes to fruition

    • @kastnostones
      @kastnostones Год назад +5

      Start today....don't delay!

    • @Pinaywithadhd_19
      @Pinaywithadhd_19 Год назад +2

      Keep dreaming

    • @xejelah
      @xejelah 10 месяцев назад +1

      It's been a year since you posted this so....how's it going? You're there yet? Progressing? Started at least?

    • @MutsyChils
      @MutsyChils 10 месяцев назад

      @@xejelah I have been more active on Facebook and TikTok and I started a huge garden. Also grew crops... I'm not moving as fast as I'd like but I'm definitely not where I'd like to be but far better than I was a year ago

  • @katylear3971
    @katylear3971 Год назад

    I just now come across your videos I love them and I subscribe to your channel.

  • @Ms.Irod2024
    @Ms.Irod2024 2 года назад +1

    Just here to support you in your journey I saw the video where you became millionaire and I'm like im going to subscribe , I'm here for it

  • @MyThougths
    @MyThougths 2 года назад

    Great video!!!!

  • @AlexandraAnnette
    @AlexandraAnnette 2 года назад

    Yay it’s been a minute for long content :)

  • @graphenebusinesslaw
    @graphenebusinesslaw Год назад

    Love Erika!

  • @raymondduncan5268
    @raymondduncan5268 2 года назад +7

    You know, you connect. I like your explanation and your enthusiasm to enlighten. You have a gift.

  • @WeAreAllPerfectasis
    @WeAreAllPerfectasis 2 года назад +13

    Wow! What an amazing video! I am currently in transformation of my mindset and on my way to becoming a millionaire. I knew from the day I met you that I wanted to be the "not smartest" person I YOUR room. Your courage to break free from your conditioned mindset and take action to become the person you were meant to be is inspiring. Seeing your social presence growth and impact over the last year has shown me that the dream is real if you adopt these new habits.
    Also, never heard of Loom. I am signing up now. I use all of your applicable referral links. Do you have an affliaye link to the book? I am following your framework to build my business 💖

  • @katylear3971
    @katylear3971 Год назад

    You are an amazing person I love the way you explain the video is very encouraging

  • @sarah.j.777
    @sarah.j.777 7 месяцев назад +1

    I'm afraid to invest because I don't trust the system. I have my money in 2 bank accounts in case one goes corrupt and keep cash at home. Lately I'm thinking about real estate because it's an actual, material thing that's a necessity for life. Even if the entire system collapses it will be usable.

  • @ethangamer3173
    @ethangamer3173 2 года назад

    Hey Erika, ur back

  • @arigutman
    @arigutman 2 года назад +12

    Loved this video and I feel most people would take a look at the title and coil back given you are sharing what you stopped doing to become a millionaire, it most likely hits like the word budget... sounding restrictive in nature, but ultimately setting you free.. The reality is someone has to change their mindset and lifestyle to get to millionaire status...

  • @gma1389
    @gma1389 7 месяцев назад

    Thank you

  • @queentinadoire6931
    @queentinadoire6931 2 года назад +37

    Smart, Beautiful, Powerful and Rich Woman. I am proud of you. I am in my mid forties and still believe in the dream of becoming a millionaire. Starting the journey this year. I am not going down without a fight!!!!!

    • @18wheeler76
      @18wheeler76 2 года назад +4

      due to inflation everyone will be a millionaire soon

  • @erakoraoghenekevwe2275
    @erakoraoghenekevwe2275 Год назад

    thanks Erika..congrats babe..more heights

  • @josephmaddox1618
    @josephmaddox1618 2 года назад +1

    I'm one hour behind you lol thank you for your time 😊❤️⚖️🇺🇲

  • @SimplyHealthTips
    @SimplyHealthTips Год назад +8

    Absolutely love it! The letting go of what others think of you goes beyond starting a RUclips channel. My first video (that I did post) was AWFUL. Slowly my videos got a little better (I think). Many people told me to take that video down. I told myself: "No. I want people to see the human in me, and to let them know that it is all a matter of learning, growing and improving, and doing what you love.", so thank you! This is such an important message for a happy life. ❤❤❤

  • @lernenderzukunft
    @lernenderzukunft 2 года назад

    Who are your RUclips friends? André Cheek?

  • @empetrys
    @empetrys 2 года назад +2

    0.50$ story made my day...really funny:)))))

  • @DavidsDoseofItaly
    @DavidsDoseofItaly 2 года назад +1

    Does replying to YT count as shallow work ? Great video. Passive income is great!

    • @xejelah
      @xejelah 10 месяцев назад

      yup

  • @SynFlowers
    @SynFlowers 2 года назад +2

    Be patient with the results. Got it.

  • @AlexandraAnnette
    @AlexandraAnnette 2 года назад +9

    Omg $480 an hour that’s amazing

  • @ajujosephkailath7596
    @ajujosephkailath7596 Год назад

    Your TikTok’s are lit 🔥

  • @andreaamado4835
    @andreaamado4835 Год назад

    Would you consider making a video with suggestions for additional sources of income ("side hustles") that might be worth it?

  • @chukchee
    @chukchee Год назад +1

    Everything is possible.!

  • @Ubeogesh
    @Ubeogesh Год назад +6

    I think "Stop Pursuing Active Income" chapter has a fault. The example of making a youtube course, specifically, and making it perfect ("as comprehensive as possible").
    It sounds like a suggestion to make a huge project right away. But one really needs a lot of experience and dedication to complete it. This only applies to well experienced and extremely internally motivated people. I guess that's what it takes to be a millionaire, but IMO this part has to be said.
    Also striving for perfection goes against 80\20 rule, which IMO is essential to being efficient with time.

    • @xejelah
      @xejelah 10 месяцев назад

      Soooo,...... are you a millionaire?

  • @gracesamuel9640
    @gracesamuel9640 Год назад

    I really love this video thank you so much I'm from Nigeria I really need something providing me money

  • @robinsolcruz
    @robinsolcruz 2 года назад +3

    If you are the smartest person in the room, you are in the wrong room.

  • @ericwiitala5407
    @ericwiitala5407 2 года назад

    Excellent video Erika.

  • @joshlcaudill
    @joshlcaudill 2 года назад +4

    You’re an impressive young lady.

  • @Gabi-xs4ez
    @Gabi-xs4ez 2 года назад

    tksm

  • @julierichards.c
    @julierichards.c 2 года назад

    Hi Erika!

  • @omgeelizabeth
    @omgeelizabeth 2 года назад

    luv u💗

  • @JJ-xz8dk
    @JJ-xz8dk Год назад +3

    Me with ADHD: “There are people who can do work without ever getting distracted?” 😳

  • @Jimmyyy5
    @Jimmyyy5 2 года назад +1

    Encouraging video

  • @myrahj1482
    @myrahj1482 2 года назад +1

    Boy, I may need to start over with a new group of friends. Where do we meet these smarter people 🤔

  • @farhannahraf6483
    @farhannahraf6483 Год назад

    City Harar

  • @YasinNabi
    @YasinNabi 2 года назад +2

    if you are not making money as passiv income, then you are missing the time out ! subbed ! a fellow creator

  • @m.rivera234
    @m.rivera234 6 месяцев назад +3

    One million dollars is not was it used to be.

    • @Michael-yi4mc
      @Michael-yi4mc 4 месяца назад +2

      That’s why I have five million.

    • @m.rivera234
      @m.rivera234 4 месяца назад +2

      @@Michael-yi4mc 👍

  • @deepstate8474
    @deepstate8474 2 года назад +3

    I don't want to be a product or a brand. And if I'm watching this video I'm watching a pitch.

  • @avilla4013
    @avilla4013 2 года назад +1

    1:05 🤣🤣🤣

  • @joshelizaldestudios3088
    @joshelizaldestudios3088 2 года назад

    i love u Erika

  • @wanderlopez3273
    @wanderlopez3273 Год назад

    Thank you I miss you

  • @johnlazo4034
    @johnlazo4034 Год назад

    Erika, your advice is solid, but this is hard to apply when your living paycheque to paycheque.

    • @LA-do2zf
      @LA-do2zf Год назад

      I agree with you, this video is not for the average working person.

    • @xejelah
      @xejelah 10 месяцев назад

      You can't hang out with successful people and come up with a plan while working pay check to pay check?

  • @deepstate8474
    @deepstate8474 2 года назад +5

    If time is money, and you are limited on time, then you must take other people's time to make more money. How will you make more money if you don't subject others to what you said you don't want to do: chase pennies.

    • @SynFlowers
      @SynFlowers 2 года назад +1

      Products, product based services. Reselling. You have to find a way to make money equal time.

    • @deepstate8474
      @deepstate8474 2 года назад

      @@SynFlowers could you expand on this please?

  • @neilaltschuler6064
    @neilaltschuler6064 2 года назад +2

    Help me please, I have seven figures I want to invest. I'm retired and 67 year old man . I need a plan. Please help. Where do I begin. Banks? Fiduciary advisors? Thanks I'm glad I found you again.

  • @derekmcnulty2559
    @derekmcnulty2559 2 года назад +13

    By your logic ALL lawyers should be millionaires. Havent seen a lawyer in my area who charges LESS 5han 500/hr.

    • @roni-yah9342
      @roni-yah9342 2 года назад +9

      Oh u missed the point buddy boy!

    • @joannapatterson4625
      @joannapatterson4625 2 года назад +2

      It’s not how much you make. It’s being very intentional about the money you have.

    • @missmaryjanegreen
      @missmaryjanegreen 2 года назад +2

      So you admit you missed the entire point. Bravo 👏

    • @donaldlyons17
      @donaldlyons17 2 года назад

      @@joannapatterson4625 How can that be. Making nothing means you will likely end up with nothing!!!

    • @joannapatterson4625
      @joannapatterson4625 2 года назад

      @@donaldlyons17 read my comment again. I meant exactly what I wrote. Be intentional with the money you have.

  • @matt22blaster
    @matt22blaster 2 года назад +4

    I found you through a RUclips short.

    • @Erika2
      @Erika2  2 года назад +3

      thank you for watching!

  • @MB-gl2bl
    @MB-gl2bl 2 года назад +1

    *Suze Orman, Dave Ramsey, and Robert Kyosaki joined the chat*

  • @The.AI.Finance
    @The.AI.Finance 2 года назад +3

    Oh no, someone beat me to first :(

  • @user-np4zf6uj3j
    @user-np4zf6uj3j 8 месяцев назад

    The Loom link does not work...I get a 404 error.

  • @cmritchie04
    @cmritchie04 6 месяцев назад

    Legal question: if I start my own youtube channel should I put in into a Tax Identification number? Thus creating a "firewall"?

  • @healthydeliciousvlog3044
    @healthydeliciousvlog3044 Год назад

    If other can do why can't i

  • @Imfura_Iriho
    @Imfura_Iriho 2 года назад

    ❤️

  • @swe201
    @swe201 Год назад +1

    Thanks for this video.. it is really eye opener, from the first point 'stop chasing pennies' it hits me hard..cos that I have been doing so far. Keep inspiring! ❤️
    And you are so naturally beautiful and especially your teeth, they are amazing :-)

  • @JustInvestToday
    @JustInvestToday 2 года назад

    Millionaire dream!

  • @Announcement2024
    @Announcement2024 Год назад

    Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet

    • @xejelah
      @xejelah 10 месяцев назад

      Don't you have a tax accountant and financial advisors? You should with that kind of income - they'd be able to help you with all of that and make plans with you for your lifestyle and desired future.

  • @jaimemchucari7004
    @jaimemchucari7004 Год назад

    Are u the tiktok lawyer. ?
    Question
    Can I buy stock without ssn, using ITIN

  • @Michael-yi4mc
    @Michael-yi4mc 4 месяца назад +1

    I love military brats. Thank you for service.🇺🇸

  • @Oppinnindi
    @Oppinnindi Год назад +2

    You COMPLETELY skipped the part where you earn the money to go to law school. Take away your law degree and you’d still be walking around in your suit.

  • @Stickerbob11
    @Stickerbob11 2 года назад

    You’ve been missed