PART 3 // Revenue - Life Hacking to $3M and Financial Freedom

00:07:44
https://www.youtube.com/watch?v=VkcaeRoBia8

摘要

TLDRThis video delves into the speaker's personal journey of generating capital to invest in significant ventures, such as real estate. Beginning with a foundation built on education, the speaker highlights strategic career advancements through obtaining an MBA, skillful job negotiations, and willingness to relocate for better opportunities. Key takeaways emphasize the importance of increasing one's value in the job market, establishing internal 'champions' to advocate during career advancements, and diversifying income sources beyond a primary job, including ventures in real estate and financial investments like CDs and dividend stocks. The speaker encourages active management over financial and career growth, imploring viewers to find personal ways to level up and diversify their revenue streams.

心得

  • 🔍 Focus on your own value in the job market.
  • 🎓 Consider diversifying your education for better opportunities.
  • 🤝 Find a champion within your workplace to advocate for you.
  • 📈 Diversify income sources for financial stability.
  • 🌍 Be open to relocating for better job prospects.
  • 💪 Be proactive in career and financial management.
  • 💡 Explore high-demand medical certifications for alternative paths.
  • 📚 Stay informed about competitive salaries and skill demands.
  • 🚀 Never settle; continuously look for opportunities to level up.
  • 💰 Invest strategically in dividend stocks and other revenue-generating avenues.

时间轴

  • 00:00:00 - 00:07:44

    The speaker begins by addressing a community interested in maximizing their revenue and explains that this video is part of a series aimed at sharing personal experiences about accumulating capital for investment. The speaker stresses the importance of identifying one’s training ground and seeking ways to increase one's value in the marketplace. They highlight that transitioning to high-demand, well-paying fields can enhance revenue, giving examples of medical technician roles. The speaker shares their personal journey of obtaining an MBA and using strategic job interviews and negotiations to maximize income. The importance of having a champion within the workplace who advocates for your promotion is discussed. They continue by sharing how they progressed in their career and increased their revenue by being willing to relocate and take on new roles. Furthermore, the speaker notes the significance of becoming invaluable in the workplace to leverage one's skills effectively.

思维导图

Mind Map

常见问题

  • What is the series about?

    The series explores personal insights and strategies on generating revenue and building financial foundations.

  • How did the speaker start to accumulate capital?

    By maximizing education opportunities and strategically enhancing career growth, including moving for job opportunities and improving skills.

  • What educational background does the speaker have?

    The speaker completed an MBA, which was the starting point for their business level-up.

  • What strategies were used to increase job revenue?

    Seeking the highest starting salary, negotiating job offers, becoming invaluable within roles, and moving for better opportunities.

  • How did the speaker diversify income sources?

    Through real estate investments, savings accounts, CDs, and dividend stocks.

  • What lessons does the speaker emphasize for career growth?

    To focus on offering value, securing champions in the workforce, and being proactive in career management.

  • Why does the speaker think it’s important to find a champion at work?

    Champions support promotion and recognition within the company, which helps in career advancement.

  • What is the significance of switching jobs periodically?

    It often results in a 20% salary increase and provides new opportunities for negotiation and growth.

  • What is a key takeaway about revenue streams?

    Diversifying revenue streams is crucial for financial security and growth.

  • Why should you not only rely on surviving financially?

    To thrive, it's necessary to move beyond basic survival and actively manage and increase revenue streams.

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  • 00:00:00
    hi dreamers let's dive into the RN
  • 00:00:03
    dreams and it stands for Revenue as I've
  • 00:00:06
    said before this series is going to be
  • 00:00:08
    more personal as I attempt to answer the
  • 00:00:10
    question many of you have asked which is
  • 00:00:11
    how did I get the capital in the first
  • 00:00:13
    place to invest that 1.5 million dollars
  • 00:00:16
    now if you haven't seen the intro or
  • 00:00:18
    that D video for this series I encourage
  • 00:00:21
    you to go back and watch those first
  • 00:00:22
    then this one so let's continue the
  • 00:00:24
    story and lessons at this point I'm
  • 00:00:27
    through college and grad school and
  • 00:00:28
    about to focus on building income now
  • 00:00:30
    let me be clear you and me we are the
  • 00:00:34
    same do you hear me no matter what your
  • 00:00:37
    training ground is this community is
  • 00:00:39
    here to unite around forward progress so
  • 00:00:43
    the first question to ask yourself is
  • 00:00:45
    what is your chosen training ground what
  • 00:00:48
    is the next level how do you go from
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    where you are now to a level up there
  • 00:00:53
    are trade schools certifications
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    apprenticeships I don't care what your
  • 00:00:57
    training ground is the first lesson in
  • 00:01:00
    maximizing in your Revenue especially
  • 00:01:02
    when you're starting from no money is to
  • 00:01:05
    focus on your own value just like the
  • 00:01:08
    stock market the job market is called a
  • 00:01:12
    market for a reason it's about demand
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    and how much someone will pay for what
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    you can offer if you're in a field
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    you're not happy with or that you've
  • 00:01:21
    found doesn't pay well switch do
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    research on other fields heck there are
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    some medical jobs that require less than
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    two years certification and they're
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    desperate for people offering 50 60 70
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    80 000 for technicians look for the
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    intersection of something you're
  • 00:01:38
    interested in could be good at and pays
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    well my level up in business was an MBA
  • 00:01:45
    that was just my path but honestly if I
  • 00:01:48
    picked another path I would have found a
  • 00:01:49
    level up there too just find it think
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    what is it then go do it
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    but that's not the end of the story in
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    focusing on Revenue are you ready for
  • 00:02:01
    what I did getting an MBA was just the
  • 00:02:04
    beginning I was just getting started
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    because my education was the only
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    investment I had I had to make it count
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    and I knew it so I was focused on how to
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    maximize at every turn here's what I did
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    I interviewed with as many employers as
  • 00:02:19
    would entertain me why to get the
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    broadest potential of starting salary
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    offers I could find then I accepted the
  • 00:02:27
    most enticing one and negotiated the
  • 00:02:29
    most I could once getting the job I made
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    myself invaluable to All Above me to the
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    side and working for me I did favors did
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    extra work extra mentorship helped
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    everyone in addition to just work
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    satisfaction no one wanted to see me
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    leave due to this in two to three years
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    I started looking for my next
  • 00:02:51
    opportunity internally and externally at
  • 00:02:54
    this point I had many champions who made
  • 00:02:56
    it clear to me management I should be
  • 00:02:58
    kept so a promotion came my way and
  • 00:03:01
    that's another lesson to get ahead you
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    will likely need a champion you need
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    someone in those budget meetings saying
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    hey this is someone we want to keep and
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    promote if you don't have that right now
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    you might not be in a good position to
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    rise up and so back to the story two to
  • 00:03:18
    three years later I start looking for my
  • 00:03:21
    next opportunity I was willing to do
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    whatever it took so I ended up moving
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    States for a bigger job that came my way
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    and that's another lesson what are you
  • 00:03:30
    willing to do to level up I moved and
  • 00:03:34
    worked at a new job in an unknown City
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    and guess what I did two to three years
  • 00:03:39
    later I looked for my next opportunity
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    every time I switched jobs I gained
  • 00:03:44
    about 20 percent more I worked in
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    multiple States I started to become very
  • 00:03:49
    good at negotiating either this day or
  • 00:03:52
    go I wanted more stock signing bonus
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    yearly bonus profit sharing you name aim
  • 00:03:57
    it but I was very valuable too and
  • 00:03:59
    that's the part you can't forget this
  • 00:04:01
    doesn't work if you don't have the value
  • 00:04:04
    to leverage with each different
  • 00:04:06
    experience I actually got more valuable
  • 00:04:09
    and also got good at making sure there
  • 00:04:12
    was a separation or Severance agreement
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    in place which is more common as you
  • 00:04:17
    rise up in rank and a couple times I got
  • 00:04:20
    Severance as I was also starting a new
  • 00:04:23
    job so essentially being paid double for
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    six months or more
  • 00:04:31
    okay any questions you got that that's
  • 00:04:35
    job Revenue once you master that Revenue
  • 00:04:37
    you start looking for other sources for
  • 00:04:40
    me I bought a house lived in it moved
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    but kept it and started renting that out
  • 00:04:45
    so that was one of my first additional
  • 00:04:47
    sources of revenue once I got my debt
  • 00:04:50
    under some control and had a little
  • 00:04:52
    money left over I started thinking about
  • 00:04:54
    how to put that money to work I put some
  • 00:04:56
    money into a higher interest savings
  • 00:04:58
    account like discover which is now at
  • 00:05:01
    three percent just for savings then I
  • 00:05:04
    started putting it into CDs which
  • 00:05:06
    started kicking off interest I liked
  • 00:05:08
    that but then as I got more comfortable
  • 00:05:11
    and sophisticated I started putting
  • 00:05:13
    money into dividend stocks which I have
  • 00:05:15
    about 60 videos on this channel so far
  • 00:05:18
    so you know all about that okay so if I
  • 00:05:21
    had to sum all this up here's the main
  • 00:05:24
    takeaways you should have from all of
  • 00:05:26
    this the first one is you can't Thrive
  • 00:05:29
    if you are just surviving get out of
  • 00:05:33
    survival mode as fast as possible and as
  • 00:05:36
    early in life as possible but to do that
  • 00:05:39
    the second thing is you need to start
  • 00:05:42
    thinking about how to actively take
  • 00:05:44
    control of your job Revenue take the
  • 00:05:47
    steering wheel with both hands and think
  • 00:05:49
    about the value you can offer try to
  • 00:05:52
    think about it objectively what do you
  • 00:05:54
    need to do to be more in demand what are
  • 00:05:57
    you willing to do to make that happen
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    take a class spend money on a
  • 00:06:02
    certification move States move jobs and
  • 00:06:05
    the third thing is once you have that
  • 00:06:07
    job look for a champion if you don't
  • 00:06:11
    have one then you need to become your
  • 00:06:13
    own Champion I once had a guy that
  • 00:06:15
    reported to me come every year with a
  • 00:06:17
    booklet that he prepared for me
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    outlining his accomplishments
  • 00:06:21
    deliverables new certifications new
  • 00:06:24
    skills competitive salaries out there
  • 00:06:26
    that were higher than his and oh by the
  • 00:06:29
    way he appreciated Mike consideration
  • 00:06:32
    wow I remember thinking this is what
  • 00:06:36
    guys do that women don't we wait around
  • 00:06:40
    for someone to notice us sorry but
  • 00:06:42
    everyone is too busy and stressed out to
  • 00:06:44
    be thinking constantly about what you
  • 00:06:47
    need you've got to know that it's not
  • 00:06:49
    personal don't let the years go by
  • 00:06:52
    without taking action and the last
  • 00:06:55
    takeaway is diversify your Revenue
  • 00:06:57
    sources as time goes on once you have
  • 00:07:00
    some money start optimizing it as well
  • 00:07:02
    so that it starts to build as a separate
  • 00:07:05
    Revenue source and there's so many ways
  • 00:07:09
    to make additional Revenue just through
  • 00:07:11
    the internet or your phone these days
  • 00:07:15
    and voila you can see how if you have
  • 00:07:18
    many horses pulling your wagon you start
  • 00:07:21
    to really accelerate well that's it for
  • 00:07:24
    today the next video in the series will
  • 00:07:26
    be the E part of the equation another
  • 00:07:29
    part I attacked and continued to attack
  • 00:07:32
    relentlessly what do you suppose it is
  • 00:07:34
    as a reminder I'm not a financial
  • 00:07:36
    advisor so keep in mind these videos are
  • 00:07:39
    for entertainment and inspiration only
  • 00:07:40
    I'll see you on the flip side
标签
  • Revenue
  • Financial Growth
  • Career Advancement
  • Investing
  • Diversification
  • Job Market
  • Education
  • Negotiation
  • Real Estate
  • MBA