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Man asks several millionaires how they got rich and nearly all of them say the same thing

Home> Community> Life

Published 13:11 8 Feb 2025 GMT

Man asks several millionaires how they got rich and nearly all of them say the same thing

You better be ready to pull yourself up by your bootstraps

Gerrard Kaonga

Gerrard Kaonga

Featured Image Credit: TikTok/School of Hard Knocks

Topics: Money, Social Media, Community

Gerrard Kaonga
Gerrard Kaonga

Gerrard is a Journalist at UNILAD and has dived headfirst into covering everything from breaking global stories to trending entertainment news. He has a bachelors in English Literature from Brunel University and has written across a number of different national and international publications. Most notably the Financial Times, Daily Express, Evening Standard and Newsweek.

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Multiple US millionaires have spoken to a podcaster and broken down how they became wealthy and outlined exactly what it takes.

Most people want to be rich, but unless you are born into money or win the lottery, there is a slim chance that dream will be realized. However, James Dumoulin, who runs the School of Hard Knocks YouTube channel, regularly speaks to millionaires and they often have similar advice.

Regardless of what industry they work in, they have said that to become like them, you need to have certain characteristics.

Clips have long circulated Twitter, but do you think you could go from being a normal civilian into a wealthy millionaire?

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Many of the people Dumoulin speaks to claims to have been self built, or to have at least been broke before. (School of Hard Knocks/YouTube)
Many of the people Dumoulin speaks to claims to have been self built, or to have at least been broke before. (School of Hard Knocks/YouTube)

Now, while getting a helping hand from family or friends to start you off with a few hundred thousand is certainly one way to do it, many of the people Dumoulin speaks to claims to have been self-built, or to have at least been broke before.

With many saying they own their own businesses in healthcare, tech, marketing or property, many of them said the same thing.

Atlanta-based millionaire Dion Coopwood, who started a software company and became a millionaire aged 37, said: “You have almost got to be a little crazy, man, you have got to have crazy faith.

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"The only thing that works is the work and most people are not willing to be faithful enough to put in as much work that it takes to be successful, so they quit before the work actually ends up working for them."

Another millionaire, who has worked in commercial real estate development for 25 years and says the most he's made in a single year is $200 million, said something similar.

Dion Coopwood shared his tip for success (Instagram@theschoolofhardknockz)
Dion Coopwood shared his tip for success (Instagram@theschoolofhardknockz)

While he admitted that a lot of financial success in business 'is to do with timing' and 'a lot of people get lucky', he said, ultimately, having the right attitude is key.

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The 56-year-old said: “So many naysayers will tell you why you can’t do it. There’s going to be a sale made, either you’re going to buy what they’re selling or you’re going to sell them on a bag of goods.

"Go out there and do your s***."

Other people reflected on the many years or even decades they were doing poorly or losing money in their business before they made it big, using it as a point to remain persistent if you do hope to ever see a few million in your bank account.

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