How Young YouTube Millionaires Are Lying To You

**Public Service Announcement: I made a mistake in the Success Formula. It should be divided by Unluck OR multipled by Luck. This is why we never do math in public. Whoops!**

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0:00 - Intro
2:03 - Numbers Don't Lie, But...
7:26 - I'm Just Like You
10:30 - They're Not Actually Investing
14:30 - When Should You Speculate?
15:20 - The One Thng You Should Learn From Young Millionaires

[AnthonyVicino]

Hey friends, appreciate you watching. I hope you got some value from this one.

If you want to keep up with my weekly musings on productivity, business, really just how I try to make progress - I have a newsletter you might want to subscribe to.

Also, by joining here you can get the free download of my 3 Step Millionaire Productivity System (just wait for the pop-up!)

[angelganggirl]

i used to watch these guys all the time but i realized that i don’t even want to be rich. i just want to be comfortable and do better than my parents were able to do

[amahsue]

“This course is only $597, it’s normally valued at $5, 000!!!” Uhh yeah, who says its normally valued at that? You do? Oh ok, cool.

[TheAuthorNook]

I like how you broke this down and didn’t tear them down as people in the process. Very educational!

[J_CtheEngineer]

You give me the same vibe my high school statistics teacher gave me. Essentially “doubt all the numbers”. The quote at the beginning “the numbers don’t lie, but I can make them say anything” sums it up perfectly.

[Nikhil-fsoq]

I am not gonna lie, these youtubers really made me feel like a failure who is just doing his job and paying bills. In last few months I started hating my job, until now I realized that I dont really hate my job as much as these people make me do. Thanks for opening my eyes!!

[sckar]

The harder and smarter you work, you luckier you become.

[realone]

I love how you said, in a comment, "it's all about how success looks to YOU". That is my biggest take away from this because, seeing all of these hustle mindset videos being imposed consistently can make us anxious, drained, and go down a route of chasing dreams instead of appreciating the moment that we are in now. There is so much to be grateful for. To everyone seeking success, just do your absolute best but don't forget to take care of your mental health; your mind, body, and spirit needs you too.

[ianawilsonn]

This video is massively important, especially for the youth(like me). It's really easy to feel that you're not doing enough especially when you see people younger than you doing insane numbers left and right. Statistically speaking a millionaire in their early twenties is like a unicorn, but they seem to be everywhere all over social media. The reality is that everything isn't always as it seems, and at the end of the day, with some good video production skills anyone can be anything they say they are if they can sell it good enough.

[cnimmons]

As a 21 year old girl who has been living alone for over a year and pays bills, and works a full time job just to make ends meet this is honestly really helpful, I know I’m smart enough to do what they do but the pressure of mistakes really makes me go into this whole cycle of being terrified of the future, knowing other people are making mistakes so openly makes me feel a lot better, I wish more entrepreneurs would express how they felt when they were my age and what anxiety’s they still have and how they over come that

[Jn_momo]

I am soooo happy and grateful that someone is talking about that. About 5 years ago, i also was watching a lot of those kind of videos, but with time i noticed that most of them are just liars. The worst of it is, that so many people feel so bad, because they make it seem to be so easy to get rich, but it is just not. Y'all stay strong and keep doing the hard work💪

[jerryli]

Man you really keep it 100%. I've seen a lot of videos that make me scratch my head because they are throwing big terms and numbers around without anything to back it up. Screenshots of 1 day's revenue and multiply by 30 to form a monthly projection when you know damn well they picked the best day to show you. Only showing positive returns on their portfolio etc... They are truly showing the bestest of the best highlight reels and so many people are fooled by the facade. Man we need more people like you for reals, thank you Anthony.

[emberlineverheart]

Hello Mr. Vicino, I'm a 15 year old who would watch these people for advice until I got an odd feeling. Thank you so much for this video as it sums up what I couldn't put into words. I was so confused before this video, so thank you again. :)

Edit: As a little backstory I knew starting a business and becoming a millionaire was my dream for the past few years now. I grew up with a single mother and money was always something hard to come by. I think what made me blindly follow what Iman Gadzhi says would be because of our similar background. I do still find him inspiring, but this video really brought to light the bigger picture for me. Once again, thank you so much!

[Eric_Four_Two]

I’ve come to notice that as long as the influencer gets a call right just one time then some people will forever look at the influencer as “legit”. It doesn’t even matter how many calls they get wrong because they got one right. The people being influenced can’t fathom the fact that a influencer with a large following will cause a large pump and most times, the people being influenced won’t connect the two. It also comes down to a person’s ego more than anything else because it’s very difficult for most people to be honest with themselves and accept that maybe, just maybe they were duped. “I’m too smart to be duped” attitude is what makes them susceptible to being duped. It’s very refreshing to see some honesty coming from a finance channel. Thank you for making this video because it can help reasonable people, not all people because some of them are too far gone.

[paulmilakeve]

Coming in like a real OG schooling the newbies. Well said and definitely right on point. I’m glad someone addressed this in an informative and educational perspective. We need more people like you on YouTube who have actually lived a real life before becoming a content creator.

[lanceyork]

Thank you so much for creating this video, I’m 18 years old and trying to be financially free. The way you broke down and explained everything in this video was an eye opener for me seeing that I do take advice from these young YouTubers. Being young it’s really easy to be miss guided. So thanks again👏🏾

[Great_PatBingsoo]

This is some of the best financial content I’ve seen so far. Too much shilling on this platform, so this video is a breath of fresh air.

[sebb]

Hi Anthony, thanks for sharing your video. I really appreciated it and learned a lot from it. The points about my dream house and the difference between speculation and investing really stuck with me.

However, I wanted to clarify a few things for clarity.

1.) When I made the video, I was talking about the numbers I was making at that time. When I mentioned my 7-figure agency, the month before we had made around 58, 000 in sales and mostly profit. So, when I said it would easily sell for over a million, I meant at that specific point in time.

2.) When I tell my fans that they are just like me, Im not lying. I started out as a normal kid and through a lot of hard work and a constant obsession to improve, I became who I am today. I am completely dedicated to becoming the best version of myself in every aspect of my life. 
While I appreciate your comparison to LeBron James, it's simply not true. This also relates to the success equation, as I was upset when you dismissed the importance of hard work and time.

I have worked incredibly hard and it's not just been luck that has gotten me where I am. When I was 18, I lost almost all of the money I had made through a scam. Then, when I was 21, I was sued for 200, 000 which was very stressful and set me back. And just last year, I temporarily lost 500, 000 (which I will be getting back) long story lol. I'll turn 24 in 9 days and I have been working hard since I was 16, flipping go-karts and furniture while also working at a car wash. 
That means I've been working hard for almost 8 years, which is a lot of time. I 100% deserve everything I have achieved, there were many times when I wanted to give up, but I persisted.

3.) When you described me as a genius marketer who discovered gold and created an entire team to scale and extract money, etc., it wasn't accurate. I am not a genius, just slightly above average in intelligence (118 IQ). I just work very hard while most men play video games, complain, party, go to college ect. 

YouTube was never meant to be a business for me until this year. It started as a way for me to help other kids and share information about drop shipping that I learned through my own experience. 
It was always meant to be a way to help people.
Now that it has grown so much, it became a business. It was not some elaborate strategy to take advantage of a golden opportunity in the finance space. While I wish I could claim to be that savvy and intelligent, it's simply not true. i just wanted to help and it turned into something so big.

At the time I filmed that video i really was making 10K+ per day in cash (excluding the house, which I appreciate you mentioning). However numbers can change over time and that does not mean i'm lying. A few months later, I had a run for a few weeks where I consistently made 40K profit per day from a business. Currently, that is no longer the case, but who knows what the future will hold ;)

Its also worth mentioning that i don't have a corse to sell anyone... i have a FREE course that anyone can join in which we make money off some affiliate links but thats it.
I don't have some grand plan to get people to think i'm someone i'm not just to sell them a course, i genuinely don't care of people like me or not, i just doing my own thing lol.

Hope that clarity helps

Overall, this was a good and entertaining video, and i appreciate you making it bro. I learned a few things that will help me sharpen the way i speak and i appreciate all of the nice things you had to say. Also, good stuff on pronouncing my last name correctly, that is RARE.


- Sebastian Ghiorghiu

[Indocryptic]

I think a message that can be taught to just about any young person is that you should always learn from the right people. Learn from people who've genuinely worked hard and for a long period of time to reach that goal, not from someone who doesn't know what they're talking about or had just gotten the bag and act like they know everything in the field.

[Acekhan]

Came here from a recent Vox article about the pseudo-science of "passive income bro influencers" and this video exceeded my expectations.

Some of this stuff needs criticized without mercy because it has already hurt people unjustly, but it's not a question fit for more click-bait bs. I appreciate the humane precision of the criticism and authentic disclosures regarding your similarities to the subjects of this video. That's a big deal because it speaks to the values of a leader, not a mere marketer or salesman. I'm new to the channel, so I could still find some reasons to ask questions down the road, but you have some goodwill and a sub from me for this excellent work.