00:00:00
if you don't want to be like everyone
00:00:01
else broke stressed and stuck in a
00:00:04
NeverEnding cycle you need to focus on
00:00:07
one thing making your first
00:00:10
$110,000 when I was 18 I had no money
00:00:13
and no qualifications but I did have big
00:00:16
Ambitions instead of worrying about
00:00:19
making millions I set myself the smaller
00:00:22
more achievable goal of making 10K now
00:00:24
as a self-made millionaire I can tell
00:00:27
you that first $10,000 was the hardest
00:00:30
to make but once I hit it everything
00:00:33
changed it wasn't just about the money
00:00:35
it was about proving to myself that
00:00:37
making money is a skill and not luck
00:00:40
once I figured out how to make 10K once
00:00:42
I knew I could do it again and again and
00:00:45
eventually scale it into real wealth so
00:00:48
if I had to start from zero and make
00:00:50
that first $10,000 all over again this
00:00:53
is exactly how I do it in three
00:00:58
steps most people make this way harder
00:01:01
than it needs to be they jump into
00:01:03
crypto because their friend made money
00:01:05
from it or they try day trading because
00:01:07
some Guru promised it would make them
00:01:09
Rich the problem is both these methods
00:01:11
need huge upfront cash reserves and
00:01:14
crazy luck these aren't side hustles and
00:01:16
they should never be seen as your main
00:01:18
source of income instead think of them
00:01:21
as tools to multiply your money when
00:01:23
you're just starting out you need
00:01:24
something that requires a small amount
00:01:26
of money to begin with and constantly
00:01:28
puts cash in your pocket every day when
00:01:30
you strip away all the noise there are
00:01:32
only really four options I've tried all
00:01:35
of these and take it from me this choice
00:01:38
is crucial because some options offer
00:01:40
higher scalability While others are more
00:01:42
limited in the same way some generate
00:01:45
Quick Cash While others take more time
00:01:47
to make money option one is selling
00:01:50
in-person services look you've probably
00:01:52
heard of these before but I'm talking
00:01:54
personal training delivery driving dog
00:01:57
walking nail designing barbering
00:02:00
videography and so many more although
00:02:02
these Services sound so common and basic
00:02:05
they're actually one of the fastest ways
00:02:07
to make money so don't overlook them as
00:02:10
they give you a way to get paid
00:02:12
immediately it's also pretty cheap to
00:02:14
get started all you need some skills and
00:02:17
maybe a few tools which means you can
00:02:19
get up and running very quickly if you
00:02:21
choose to do this then please don't mess
00:02:23
around trying to build a website run ads
00:02:26
or make a logo just get out there find
00:02:29
some customer in your local area deliver
00:02:31
the service and get paid I even did this
00:02:34
when I was in my teens I used to walk
00:02:37
around rich neighborhoods and offer to
00:02:38
wash people's cars I'd look out for tidy
00:02:41
Gardens but dirty Vehicles now this
00:02:44
might sound strange however I was
00:02:46
betting if they were obsessed over
00:02:48
keeping their Garden tidy they'd also
00:02:50
want a nice shiny car on their driveway
00:02:52
to impress their neighbors because these
00:02:54
kinds of services are limited by your
00:02:56
local area it meant my demand was pretty
00:02:58
up and down some months were busy and
00:03:01
others I struggled to make anything when
00:03:04
I was busy I was only able to work with
00:03:06
one person at a time which kept how much
00:03:09
I could make in a day so in-person
00:03:11
services are great to get started with
00:03:13
but you can quickly feel like they're
00:03:15
limiting your potential that brings me
00:03:18
on to option two which is local products
00:03:21
this is selling things like homebaked
00:03:23
Goods handmade items artwork fresh
00:03:26
produce and much more this can be a
00:03:29
great way to make make money but it's
00:03:30
not something that happens overnight
00:03:33
unlike Services where you get paid as
00:03:35
soon as the job's done selling local
00:03:37
products takes time I gave this a go
00:03:39
using some of the profits from my car
00:03:41
washing business I bought some cheap
00:03:43
model plane parts then spent some time
00:03:45
building each one up and then sold them
00:03:47
to people at the RC flying club which I
00:03:49
went to on the weekends however I
00:03:52
quickly realized I was putting a lot of
00:03:54
work in for very little money this was
00:03:57
hard for me to come to terms with
00:03:58
because I really enjoyed building them
00:04:00
most of my earnings were being eaten up
00:04:02
by the cost of materials and on top of
00:04:05
that my customer base was very limited
00:04:08
as there weren't enough people willing
00:04:09
to pay what I needed to make it worth my
00:04:11
time so selling local products can be
00:04:14
fun and it's definitely worth it if you
00:04:16
want to make some money from something
00:04:17
you love option three is global products
00:04:21
this includes starting a clothing brand
00:04:23
Drop Shipping sneaker reselling print on
00:04:26
demand and so much more unlike in-person
00:04:28
services or local products Going Global
00:04:31
means you have access to a much larger
00:04:34
customer base which gives you more
00:04:35
opportunities to make money you're not
00:04:38
limited to just the people in your town
00:04:39
or city anyone anywhere can buy from you
00:04:43
I was so excited about launching my own
00:04:45
Global products I even flew all the way
00:04:48
to China to partner with a manufacturer
00:04:50
to produce my model airplane designs and
00:04:53
sell them worldwide of course you don't
00:04:55
have to do this if you choose to go down
00:04:57
the Drop Shipping or print on demand
00:04:59
routes however this wasn't really an
00:05:01
option when I started if I'm honest
00:05:03
things started off pretty slowly for me
00:05:05
because I had to keep reinvesting my
00:05:07
profits back into new products to sell
00:05:09
every sale required more investment once
00:05:12
I sold 10 items I then needed to buy 20
00:05:15
more to keep up instead of pocketing the
00:05:17
profits my money kept getting trapped in
00:05:19
this endless cycle of restocking
00:05:22
ultimately was it worth it
00:05:24
100% however you should only do this if
00:05:27
you have the patience to wait 1 to 3
00:05:29
months for everything to start kicking
00:05:31
off so when this is up and running it is
00:05:34
probably the most passive laziest way to
00:05:36
make money that actually works so that
00:05:39
brings us on to option four selling
00:05:42
online services this option wasn't
00:05:44
actually possible for me when I was
00:05:46
younger but this is such an advantage
00:05:48
nowadays there are so many different
00:05:50
online services you can offer these
00:05:52
include copy writing video editing
00:05:55
thumbnail design running ads social
00:05:57
media management the list goes on
00:06:00
selling online services actually
00:06:02
combines the two biggest benefits from
00:06:04
the in-person services and Global
00:06:07
products this is because you get the
00:06:09
global reach but the profit margins of a
00:06:11
service with products you might make 20
00:06:13
to 30% margin that needs to be
00:06:16
reinvested with Services you're looking
00:06:18
at 70 to 80% margins that go straight
00:06:21
into your pocket plus you can start
00:06:24
making money from day one look all of
00:06:26
these are fantastic ways to make $10,000
00:06:29
as a student especially these last two
00:06:32
options however if I wanted to start
00:06:34
making money as fast as possible then
00:06:36
I'd go with option for selling online
00:06:40
services so now we need to figure out
00:06:43
exactly what online service to offer so
00:06:46
start by asking yourself three questions
00:06:49
what are you really good at what do you
00:06:51
enjoy learning about and what problems
00:06:54
do businesses consistently struggle with
00:06:56
the sweet spot is where your answers
00:06:58
overlap most people get stuck at this
00:07:01
stage as they spend months or even years
00:07:03
trying to perfect their skill before
00:07:05
offering it to anyone that is totally
00:07:07
backwards you need to start getting real
00:07:09
world experience as quickly as possible
00:07:12
so start by setting your prices under
00:07:14
the normal market rate your main aim
00:07:16
here is to earn and learn at the same
00:07:18
time now let's take this one step
00:07:23
further this is the skill pyramid made
00:07:27
up of four elements that when mastered
00:07:29
together together transform a high
00:07:31
income skill into a $10,000 income misch
00:07:34
just one and you'll stay stuck at the
00:07:36
bottom working hard but never breaking
00:07:39
through element one is positioning you
00:07:42
see not all online services are equal
00:07:45
the real money is in offering to help
00:07:48
businesses make more money that's
00:07:49
because businesses think about money
00:07:51
differently to individuals when a
00:07:53
business is making $50,000 a month
00:07:56
spending $2,000 to solve a problem isn't
00:07:59
big deal as long as it helps them make
00:08:01
more money and take it from me they have
00:08:04
a lot of these problems they need more
00:08:06
customers they need better systems they
00:08:08
need to stand out from their competition
00:08:10
and they need to convert more leads into
00:08:12
sales these problems never go away and
00:08:16
businesses are always willing to pay to
00:08:18
solve them on top of this some
00:08:20
Industries simply have more money to
00:08:22
spend than others and if you think about
00:08:24
how you can reposition yourself you'll
00:08:26
start making real money faster here are
00:08:29
some ideas to get you thinking instead
00:08:31
of being a video editor for small
00:08:33
YouTubers you could edit videos for an
00:08:35
entrepreneur who sells a product if you
00:08:37
make random thumbnails for clients you
00:08:40
could instead aim to become the main
00:08:42
designer for an established Creator and
00:08:44
if you're a copywriter don't write cheap
00:08:47
articles instead focus on optimizing
00:08:50
landing pages this isn't about learning
00:08:52
more skills it's about putting yourself
00:08:54
where the money's being made element two
00:08:57
is leverage you'll never make $10,000
00:08:59
without leveraging value over time
00:09:02
businesses don't pay for effort they pay
00:09:05
for results if you stop charging for the
00:09:07
hours you work and instead for the
00:09:09
return on investment you provide you'll
00:09:12
instantly make more money let's say you
00:09:14
choose to run Facebook ads if you charge
00:09:16
per hour you're stuck with a fixed rate
00:09:19
and the client will always want to keep
00:09:21
your hours low but if you charge based
00:09:23
on the money you bring in for the
00:09:25
business suddenly they're not thinking
00:09:27
about cost they're thinking about profit
00:09:30
and when they see that your work is
00:09:31
directly making them money they'll
00:09:33
happily pay you more for it the same
00:09:35
goes for if you decide to offer social
00:09:37
media management if you just schedule
00:09:39
posts and reply to comments you're
00:09:41
replaceable but if you can prove that
00:09:43
your strategy is bringing in more
00:09:45
engagement more leads and more sales you
00:09:48
become a valuable asset not just an
00:09:51
expense trust me the moment you shift
00:09:53
your pitch from what you do to what they
00:09:55
gain you'll find a lot of people are
00:09:56
suddenly willing to pay a lot more
00:09:58
element three is reach one of the
00:10:01
biggest mistakes people make when
00:10:02
starting out is thinking they always
00:10:04
have to chase clients but that's not how
00:10:07
the game should be played right from the
00:10:09
start you need to be thinking about how
00:10:11
to make clients come to you recently I
00:10:14
was looking for a graphic designer for a
00:10:16
specific task making movie style posters
00:10:20
so the first thing I did was look on Tik
00:10:22
Tok for people who made these kinds of
00:10:23
designs and one person dominated the
00:10:27
search results so I reached out to him
00:10:29
and asked him for his prices he told me
00:10:31
he was just posting some of his designs
00:10:33
for fun on Tik Tok he wasn't even doing
00:10:35
it as a side hustle so politely declined
00:10:38
however his videos kept growing in
00:10:40
popularity and his inbox was flooded
00:10:42
with DMS asking to work with him a few
00:10:44
weeks later he reached back out to me
00:10:46
asking how to start getting paid I
00:10:49
helped him set up a proper business and
00:10:51
now he works for me and many other
00:10:53
clients this just goes to show that you
00:10:55
should always be putting your work out
00:10:57
there online even if you just starting
00:10:59
out or just doing something because you
00:11:01
enjoy it you never know what
00:11:03
opportunities might come from it so if
00:11:05
you edit videos show before and after
00:11:08
Clips to highlight how much better your
00:11:10
edits make the content if you design
00:11:12
thumbnails explain why your design got
00:11:14
more clicks and if you're learning
00:11:16
social media document how you're growing
00:11:18
an account from scratch element four is
00:11:22
automation 95% of people that try to
00:11:25
start a sideous or a business fail
00:11:27
before they even really get going here's
00:11:29
why after working with countless
00:11:31
copywriters thumbnail designers web
00:11:34
developers and video editors I can tell
00:11:36
you that 95% of them promis to deliver
00:11:38
on time then completely miss their
00:11:41
deadlines the thing that will make you
00:11:43
stand out the most isn't Talent OR
00:11:45
Charisma is reliability and overlooking
00:11:48
this is the biggest mistake young people
00:11:50
make when starting out the people I've
00:11:52
ended up paying thousands to aren't
00:11:54
always the best at what they do but
00:11:56
they're the most organized they never
00:11:58
miss deadlines they always communicate
00:12:00
clearly and they make working with them
00:12:02
effortless so take it from me being good
00:12:05
at what you do is one thing but being
00:12:07
reliable is what gets you paid again and
00:12:09
again so how do you do this well the
00:12:12
most successful people I know don't rely
00:12:14
on memory or messy notes they use
00:12:17
Automation and if you're thinking about
00:12:18
making money online you need something
00:12:20
to help you keep track of everything
00:12:22
that's why I recommend using a CRM
00:12:25
system ODU CRM is great it helps you
00:12:28
remember who you talk to what they
00:12:30
wanted and what you need to do next
00:12:32
instead of scrolling through emails or
00:12:34
DMS trying to find what the client said
00:12:36
everything is in one place I mean you
00:12:39
can visualize all your opportunities
00:12:41
with this cool board which helps you see
00:12:43
the expected Revenue at each stage so
00:12:45
you know where to focus your efforts you
00:12:48
can also use it to schedule calls and
00:12:50
meetings effortlessly plus with your
00:12:53
emails notes and files all in one place
00:12:55
staying organized is very easy you can
00:12:58
use it to easily track your clients and
00:13:00
projects so you never miss a deadline
00:13:02
you can set reminders to follow up with
00:13:04
people so you always look professional
00:13:06
at the end of the day clients don't just
00:13:08
want someone skilled they want someone
00:13:10
they can count on as I was planning on
00:13:12
talking about them anyway I reached out
00:13:14
to ODU to see if they wanted to sponsor
00:13:16
this portion of the video and they
00:13:18
agreed they also offer your first
00:13:20
application completely free with
00:13:22
unlimited support and hosting so if that
00:13:24
interests you I'll drop a link in the
00:13:26
description
00:13:29
I don't care how much money you make
00:13:31
until you see at least $1 million in
00:13:33
your bank you shouldn't be wasting it
00:13:35
the supercars the designer Clos the
00:13:37
night's out none of it matters unless
00:13:40
you can turn your income into long-term
00:13:42
wealth the rich see their income is
00:13:44
something to spend whereas the wealthy
00:13:46
use it to make more money so how do you
00:13:49
do this well you need to start investing
00:13:52
in front of me I've got a RIS scale and
00:13:54
I'm going to walk you through the four
00:13:56
key areas where I put my money starting
00:13:58
from the safest Investments all the way
00:14:01
up to the highest risk play remember I'm
00:14:03
not a financial advisor I'm just sharing
00:14:06
what's worthed for me over the years
00:14:07
let's kick this off with my high savings
00:14:10
account they call it a highin savings
00:14:12
account but honestly at 3% I have no
00:14:14
idea how to get away with that name now
00:14:17
sure you can find better rates if you're
00:14:19
willing to lock your money away for a
00:14:20
set period or agree to strict deposit
00:14:23
limits each month but I don't want my
00:14:25
savings held hostage I want access to my
00:14:28
money when I need it not stuck behind
00:14:30
some rule that says I can only withdraw
00:14:32
on the first Tuesday of every leap year
00:14:34
and I know what some of you are thinking
00:14:36
mark this isn't really investing this is
00:14:38
just holding cash and yeah you've got a
00:14:41
point but having some cash on the
00:14:43
sidelines means you're not forced to
00:14:45
sell Investments at the wrong time
00:14:47
imagine the market crashes and you
00:14:49
suddenly need money for an emergency if
00:14:52
you don't have cash saved up you'll have
00:14:54
no choice but to sell stocks at a loss
00:14:56
and that's the fastest way to lock in a
00:14:59
bad decision a highin interest savings
00:15:01
account is like your financial safety
00:15:03
net it's not about making big returns
00:15:05
it's about having a buffer so that when
00:15:08
life throws unexpected expenses at you
00:15:10
you're covered without wrecking your
00:15:12
long-term Investments investment two is
00:15:15
index funds have you ever heard the
00:15:17
saying it only takes the price of a
00:15:19
coffee a day to become a millionaire
00:15:21
well that's down to index funds and ETFs
00:15:24
I've made a lot of money from simple
00:15:26
long-term Index Fund investing and as an
00:15:28
had benefit is extremely low maintenance
00:15:31
there are tons of different index funds
00:15:33
and ETFs but the most popular buzzword
00:15:35
of course is the S&P 500 which is 503 of
00:15:39
the top publicly traded companies in
00:15:42
America all packed into one easy
00:15:44
investment even though this is the
00:15:46
biggest Index Fund in my portfolio by
00:15:48
percentage I do also invest into a total
00:15:51
stock market fund the best I found for
00:15:53
us investors is
00:15:55
vtsax and for the UK people is the VW RL
00:15:59
ETF additionally I think it's important
00:16:02
to have some money invested in an
00:16:03
emerging market index fund the best I
00:16:06
found in the USA is the vwo and in the
00:16:09
UK is the vfm ETF but there are lots of
00:16:13
other Emerging Market funds available so
00:16:16
it's worth having a bit of a look around
00:16:18
if all those Index Fund names made you
00:16:20
glaze over then here's an awesome fact
00:16:22
to wake you up the average return of the
00:16:25
S&P 500 over the last 10 years has been
00:16:28
over 10 10% which means if you invest
00:16:31
just $5 instead of buying a coffee every
00:16:33
single day from the age of 18 to 67 and
00:16:37
achieve the same return then you'd
00:16:39
retire with over $1 million and if you
00:16:41
don't want to wait until you're 67 just
00:16:43
invest more money that's what I've done
00:16:45
for many years and it's worked really
00:16:47
well for me investment three is
00:16:50
individual stocks now this is where
00:16:53
things get exciting individual stocks
00:16:55
can be a great way to start investing
00:16:58
especially with smaller amounts of money
00:17:00
they allow you to get hands-on
00:17:02
experience with the market in a way that
00:17:04
index funds don't when I first started I
00:17:06
really enjoyed picking stocks and
00:17:08
learning how to read company's financial
00:17:10
statements honestly if I hadn't actually
00:17:12
invested my own money I doubt I'd ever
00:17:15
have been motivated to understand how it
00:17:17
all works that's why when you're
00:17:19
starting out individual stocks can feel
00:17:21
more engaging of course they also come
00:17:23
with higher risk but if you're only
00:17:26
investing a small amount it can be a
00:17:28
useful way to learn how the market moves
00:17:30
without putting too much at stake
00:17:32
another big Advantage is that you get
00:17:34
direct exposure to specific companies
00:17:37
with index funds even if a company's
00:17:39
performing incredibly well it may only
00:17:41
make up a small part of your portfolio
00:17:44
with individual stocks you get to
00:17:46
experience those gains more directly but
00:17:48
of course this means more ups and downs
00:17:50
which is something to keep in mind by
00:17:52
the way trading 212 are currently given
00:17:54
away a free fractional share worth up to
00:17:57
Ā£200 when you use the the code tilb and
00:18:00
fund your account so if you want to pick
00:18:02
that up I'll leave the link in the
00:18:03
description below investment 4 is
00:18:06
cryptocurrency when Bitcoin first came
00:18:08
out in 2009 I like a lot of people just
00:18:12
assumed it was a scam I was used to
00:18:14
inves in in real tangible assets like
00:18:17
property and stocks things backed by
00:18:20
actual companies the idea of some
00:18:22
digital currency with no one in charge
00:18:24
seemed way too risky but as time went on
00:18:27
I started paying more attention by early
00:18:30
2019 I decided to dip my toes in and
00:18:33
over the last few years I've been
00:18:35
steadily buying more Bitcoin and
00:18:37
ethereum looking back it's been a solid
00:18:40
move and it's made me a decent amount of
00:18:43
money now I won't deny that all coins
00:18:45
and mean coins can make people crazy
00:18:47
returns but they're also way riskier for
00:18:50
every person who makes a fortune there's
00:18:52
plenty who lose it just as fast these
00:18:55
days I'd say I'm a lot more bullish on
00:18:57
crypto but I'm still playing it smart
00:19:00
building my position slowly dollar cost
00:19:02
averaging and making sure I'm not just
00:19:04
jumping in at bad prices of course
00:19:07
crypto is super volatile and like any
00:19:09
investment it carries risks that's why
00:19:11
it's important to do your own research
00:19:13
and only invest what you can afford to
00:19:16
lose if you're ready to learn how to
00:19:17
invest in everything I just talked about
00:19:20
then I'll leave that video right up
00:19:22
there but don't click on it just yet
00:19:24
make sure to subscribe if you want to
00:19:25
grow your wealth okay I'll see you over
00:19:27
there
