Becoming a Millionaire #shorts

26 Feb 2023 · 1 min

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0:36

A short YouTube monologue by George Foley in which the speaker shares personal lessons that helped him become a multimillionaire, noting that most of the wealth accumulation happened "over the last two years." He emphasizes simplicity in business: keep a company below $2 million in revenue or under 13 employees to preserve freedom, avoid unnecessary hires or premature managers, and prefer doing more with less rather than adding systems or staff for ego-driven growth.

Questions this video answers

Below $2 million (revenue) or under 13 employees.

"Over the last two years" (the speaker says wealth has taken off in the past two years).

Chapters

I'm going to share with you. Everything has helped me get to being a multimillionaire. That's only happened over the last two years, where it's really, really taken off. The first thing, if you want a nice life with freedom and the ability to take holidays and don't want to go big to feed your ego, then keep your company below 2 million or under 13 employees. Because as you grow, you'll get a lot more challenges. And as you scale, things get more bigger, they get more complex. So I always try and keep things simple. Can we do more with less? Do we need to hire that other employee? Do we need to add this system or tool in? So you always want to make sure that you're not taking on a manager, for instance, too soon and all of those type of things, because that's like just an ego driven mentality.