Summaries Personal Finance and Wealth Building 10-Year Financial Freedom Plan: Lessons from Making $10m, Women & God

This is a summary of a YouTube video "Millionaire Shares His Life Secrets" by Iman Gadzhi!

4.7 (54 votes)

Investing in a cash flow business and an aggressive portfolio in your 20s, and reconnecting with a higher power while still enjoying life's pleasures, is key to achieving location, time, and financial freedom in the next 10 years.

• 💡
  00:00

  I learned that environment is everything, and experienced the differences between affluent and non-affluent areas while traveling and shopping for clothes this year.
• 🤑
  08:01

  Navigating money, luxury, and relationships to find true contentment is a fascinating journey.
• 🤑
  15:32

  Invest in a cash flow business and an aggressive portfolio in your 20s to achieve true happiness through balancing hedonism and monk mode.
• 💰
  21:58

  Invest 70% of your profits and use the other 30% guilt-free to build wealth in your 20s, and you can easily turn 7.5 million into 15-50 million by 38.
• 🙏
  30:52

  Reconnecting with a higher power while still enjoying life's pleasures is key to maintaining balance in 2022.
• 💪
  36:05

  I'm focusing on restructuring my management, trusting my team, and coming from a place of genuine love to achieve better outcomes.
• 💰
  45:17

  Invest your money wisely and build a business or career to gain location and time freedom in the next 10 years.
• 🤔
  55:18

  Gain location, time, and financial freedom to navigate the next 10 years.

Detailed summary

• 💡
  00:00

  I learned that environment is everything, and experienced the differences between affluent and non-affluent areas while traveling and shopping for clothes this year.

  • This year I reflected on the highs and lows of 2021 and shared seven life lessons I learned, while also preparing for New Year's and my birthday.
  • I learned in 2021 that environment is everything, and I spent the first two months of the year in Cape Town, my favorite place on earth.
  • I spent the first half of the year in Cape Town, London, Maldives, Turkey, and Dubai, and the second half of the year in London and Dubai, seeing the differences between the two cities.
  • Living in Dubai is a land of temptation, but I have kept a good head on my shoulders and live a double life of monk mode and an insane lifestyle.
  • Being in affluent areas can make you aspire for more, but it can also suck you in and make you care about small things that you wouldn't normally care about.
  • I like to shop for clothes and tailor them to my style, and when I travel to places with a high quality of life but not much wealth, I find interesting pieces.
• 🤑
  08:01

  Navigating money, luxury, and relationships to find true contentment is a fascinating journey.

  • Having two homes in different locations can provide a sense of luxury and a change of scenery when desired.
  • Go to a place where you feel happy and have time, location, and financial freedom.
  • Hedonism does not equal happiness and environment is key to finding true contentment.
  • Having more money doesn't necessarily make one feel secure, as it is a process that needs to be gone through multiple times to reach a desired level of security.
  • Navigating through making money and having a high quality social life is fascinating to watch.
  • I have good relationships with watch brands and it's funny when they tell me about rappers who don't actually own the pieces they rap about.
• 🤑
  15:32

  Invest in a cash flow business and an aggressive portfolio in your 20s to achieve true happiness through balancing hedonism and monk mode.

  • From January to July, I was in monk mode, but after getting out of a relationship I spread my wings and had some experiences.
  • I share some of my experiences on Instagram, but there's still 99% of my life that I haven't shared yet.
  • I split my focus between business, health, and social life, and have achieved success in all areas.
  • True happiness comes from balancing hedonism and monk mode, while also investing and saving money for passive income.
  • I live 70% of the year in "monk mode" and the other 30% in "hedonistic tendencies" to create a juxtaposition that works well in my life.
  • Focus on a cash flow business and an aggressive portfolio in your 20s for true happiness.
• 💰
  21:58

  Invest 70% of your profits and use the other 30% guilt-free to build wealth in your 20s, and you can easily turn 7.5 million into 15-50 million by 38.

  • Taking money from an agency and investing it can turn into 8 figures after tax.
  • Invest 70% of your profits from a business making 500k-2 million a year and spend the other 30% guilt-free to build wealth in your 20s.
  • By investing 7.5 million in the right opportunities, you can easily turn it into 15-50 million by the time you're 38.
  • Take free cash flow and multiply it many times over with investments to make more money.
  • Invest in a cash flow business and a higher risk investment portfolio, and prioritize spiritual fulfillment to get the most out of life.
  • I believe in a higher power and have had a strong relationship with it since a young age, which has helped me to stay centered and fulfilled.
• 🙏
  30:52

  Reconnecting with a higher power while still enjoying life's pleasures is key to maintaining balance in 2022.

  • I was severely depressed and suicidal, feeling like I had no choice but to surrender and admit I couldn't help myself.
  • I went through a dark period, rebuilt a relationship with God, but it faded away due to unhealthy living.
  • When not centered, it's difficult to have a relationship with a higher power.
  • I strive to maintain a good relationship with a higher power while still enjoying life's pleasures.
  • Understand that you will likely have less bandwidth than you expect in 2022 and be honest with yourself about what you can realistically accomplish.
• 💪
  36:05

  I'm focusing on restructuring my management, trusting my team, and coming from a place of genuine love to achieve better outcomes.

  • I need to restructure my management to be a 10/10 and remove myself as the roadblock to progress.
  • I have to trust my management team to make strategic decisions and I have to be selective with my bandwidth, giving it to close friends and my team instead of networking.
  • Question yourself if you are doing what you want and if you are willing to lose customers and clients to keep your dignity and ability to speak freely.
  • I'm 6ft tall, 89kg and stay sub 10% body fat year-round.
  • I don't acknowledge my good physique, but I'm very focused on my businesses.
  • Coming from a place of genuine love for something rather than feeling like you have something to prove can lead to better outcomes.
• 💰
  45:17

  Invest your money wisely and build a business or career to gain location and time freedom in the next 10 years.

  • I'm on a perpetual pursuit to be the best version of myself, but I'm still plagued with ego and pride.
  • I'm buying my mom a four million dollar house in London, and I'm proud to be able to take care of her despite what other people have said.
  • The next 10 years will be turbulent, but those with money will be better off.
  • I come from a difficult background and have worked hard to build my business, so don't assume I'm speaking from a privileged place.
  • To survive the next 10 years, you need to make money and invest it wisely, as the economy is easy to take advantage of and lockdowns will continue for various reasons.
  • You can have location and time freedom in a business or career.
• 🤔
  55:18

  Gain location, time, and financial freedom to navigate the next 10 years.

  • You need financial, location, and time freedom, and should strive to achieve them as soon as possible.
  • People can't even leave their own countries, proving the warnings of 18 months ago that were dismissed as "crazy conspiracy theories".
  • Navigate the next 10 years by gaining location freedom, time freedom, and financial freedom.
  • Navigate stormy seas by learning life lessons and watching an incredible video for more knowledge and content.