hey guys what's going on Joshua elder
here welcome to yet another video in
this video today I'm going to show you
how to become wealthy here in 2018 I'm
not just talking about being rich I'm
talking about being truly wealthy and
we're gonna be talking about the
difference between rich people and
actually wealthy people because a lot of
people think that they're one and the
same but they really aren't so if you're
here for the first time make sure that
you subscribe to this channel because
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so again subscribe comment like this
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you for coming back to the channel once
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off the hook make sure that you like and
as well and engage with me so in this
video I got inspired to you know shoot
this video on how to become truly
wealthy in 2018 you know and I wanted to
shoot this video because I've made a lot
of mistakes in my life when it comes to
finances and investments and you know
when I started making money my online
business guess what I wanted to do I
wanted to spend it just as fast as I
made it because I had never made that
much money before so what did I do I
spent money on traveling I spent money
on bottle service I spent money on
clothes and entertainment and really
things that didn't push me in the
direction to get closer to my overall
vision and my goals they were sort of
distractions and this is the problem
that rich people have rich people aren't
really creating generational passive
wealth what they're doing is they get
rich they go and spend money on fancy
cars you know I've got my BMW in my
garage that was a hundred thousand
dollar car and it just kind of sits
there is it great to ride yes do people
stare at it yes does it make me feel
better yes so there is some ROI
on that but for the long term it's going
to depreciate and the newness eventually
wears off that's why it's so important
as I've said in my previous videos to
live in the moment to appreciate
each and every moment because you could
be going for this big audacious goal but
once you achieve that goal you're gonna
realize that the luster wears off fairly
quickly and it didn't give you the
feeling that you initially thought that
it would give you so it's important to
enjoy every moment enjoy the climb more
than reaching you know and ascending to
the peak and the apex right so you know
just all these different experiences and
realizing that money wasn't you know the
primary answer to my happiness and
knowing that being rich doesn't mean I
was going to remain rich and being rich
doesn't mean that I was going to become
wealthy so here's my definition and kind
of the difference between I guess
wealthy and rich I believe rich people
are people that make a lot of money and
not necessarily people that allow their
money to work for them you can be rich
broke you can be making a lot of money
and spending a lot of money there's a
lot of rich people you have no idea out
there that have the nice car they have
the nice house the nice clothes nice
everything but you have no idea that
they're actually scraping by to pay for
their you know mortgage to pay for their
car to pay for their kids schooling you
know so on and so forth so you know
realizing that I knew that okay you've
got the rich over here but then you have
the wealthy over here like people like
Warren Buffett who still live in a what
is it like a sixty thousand dollar house
the same house that he lived in back I
think like the 50s and 60s and he drove
the same car for a very very long time
and he could buy anything that he wanted
in the world but he's wealthy he has so
many assets he has a large portfolio he
owns companies he has property and
that's true
passive generational wealth where if he
decided to just stop growing his
business that his assets would go to
work for him and that's my overall goal
obviously this isn't just gonna happen
in you know 2018 it's gonna take some
time it's gonna take some effort but I
want to kind of give you guys three
steps that you could take
in 2018 and beyond to become wealthy and
number one is to take what you know or
what you want to learn and monetize it
okay for example you've got affiliate
marketing affiliate marketing of course
is what I do I sell other people's
products and earn a commission off of
selling other people's stuff okay and
you can see in my Clickbank account
right here that I do a pretty good job
of you know you know marketing through
this affiliate marketing business model
you can see that this week over eight
thousand dollars 8600 sixty four dollars
and thirty cents and you can see my
daily snapshot here I'm making well over
about right now thirty five hundred
dollars per week and about $800 or $900
per day pretty good right so if you're
somebody that wants to learn how to you
know master affiliate marketing mass for
this business model you can check out
the links in the description below you
can check out my top recommended system
okay so that's affiliate marketing there
for you and Clickbank is just the
marketplace that I use and I can
actually go into this marketplace and I
can find other people's products to sell
so I can go to like the health and
fitness category if I'm really into
health and fitness and I know a little
bit about weight loss and I've got some
experience or maybe I'm just interested
and intrigued to learn more about it
what I can do is sort of earn while I
learn and sort of monetize as I'm
learning through documentation
documenting my journey or being the
expert and sort of presenting what I
already know up to this point and then
monetize my knowledge by selling one of
these affiliate products on the back end
of my content right and I've got other
videos on my youtube channel you can
check out that show you how to do this
in a little bit more depth but you can
see this is somebody else's product it's
a physical product and I could sell this
product right here and on average I
would get paid one hundred and seventeen
dollars and 86 cents sothe affiliate
marketing you don't need to worry about
selling you don't need to worry about
customer service overhead all you need
to worry about is
sending eyeballs getting people to a
little sales page that might look
something like this
right and then this page does all the
selling and telling for you so what you
really need to be concerned about is
building an audience and getting that
audience to know like and trust you and
get them over to an affiliate product
aka somebody else's product and they'll
pay it anywhere between you know thirty
percent all the way up to even ninety
percent commissions because everything
that they get in conjunction with what
they're already doing is a bonus to them
so you've got the affiliate marketing
business model which is my business
model that I've used for the past you
know five years almost successfully
online geez I can't believe it's been
that long almost already and you have
different you know niches you can go
into within the affiliate marketing you
know niche and you know within this
business model I guess you could say you
got to do it yourself niche weight loss
muscle building numerology fashion style
relationships you know get your ex back
amongst others and then you have
coaching and consulting whether you want
to be a life coach a dating coach
fitness coach marketing coach speaking
of marketing you can grow and start and
grow your own marketing agency you can
become an expert at Facebook ads and
help businesses get more customers
through Facebook ads you can even use
search engine optimization to optimize
businesses listings at the top of Google
search engine you could build funnels
and automated online sales processes
using a series of web pages in like a
tool called
click funnels right which is one of the
software's that I use to automate my
business so you can be an expert within
you know the area of internet marketing
and be an expert at copywriting selling
with words you know building funnels
setting up sells sequences automation
traffic generation like SEO and Facebook
ads and so that's a whole entire you
know business model in itself and then
you have Amazon FBA which is fulfilled
by Amazon so you can leverage Amazon's
Authority and their brand name and list
either
your products or other people's products
maybe it's like private label rights
product you can put that on amazon.com
and then when people type in for example
maybe they're looking for beard oil
right you're ranking at the top of
Amazon and you're using their name to
gain you know trust and authority and
when people click on your listing they
buy you obviously earn money then you
have day trading you've got you know day
trading like Forex crypto currencies you
know stocks you know things of that
nature so that's an expertise and a
science in itself you can also do
freelance work if you want to you know
trade time for money maybe that's how
you want to start so you could do you
know one of these other highly leveraged
business models like affiliate marketing
or you know Amazon FBA and you could
build up your income and then invest
that money into learning some of this
other stuff so you can go on websites
like guru.com freelance comm and you can
offer your expertise as far as maybe
you're a good writer and you would love
to do blogging for somebody's website I
actually have somebody that does my
blogging on my website I hired somebody
that does my thumbnails on my youtube
channel
there's graphic design there's virtual
assistant customer support app
development maybe you want to create
apps for you know the iPhone or Android
and you know some stuff about
programming you can offer your services
there so those are just a list of a few
business models that you can go into
that you can master and that you can
monetize and then what you want to do is
you want to stick to one of these
business models for the long term I'm
talking a solid 5 10 years you know as
long as it's around so many people get
distracted by the ladies latest shiny
object so what you want to do is really
focus on one of these and then what you
want to do is you want to focus on
growing your business and diversifying
okay in other words I've got a little
graph here as you can see if we zoom in
just a little bit you can see that this
is what I would do this is actually what
I plan on doing this is my game
plan is I want to take the money that I
earn for my business use 30% for living
expenses and I might tweak this overtime
and then 25% for taxes and then invest
20% of my earnings back into growing my
business let me see if I can zoom back
in here and then as far as the 25% right
here for taxes in the state of Utah I
pay about 24 between 24 and 25 percent a
year back to to the federal you know
government so that's why it's 25 percent
here depending on where you live it
might be more or less so there's that
like I said into US twenty percent of my
earnings back into growing my business
and then twelve percent into long-term
stocks in bonds these are these are
investments that I wouldn't be able to
really dip into until you know I was 55
60 years old until I was able to
actually do that so I've got long-term
investments maybe I would have some
short-term investments too as well but
invest into you know real estate 10% and
then 3% for savings and for like a rainy
day phone in case something happened the
car flat tire you know medical emergency
you know stuff like that
so you want to make sure that you're
diversifying that you have numerous
streams of income and then number three
I would rinse and repeat
number two until I'm actually wealthy
until I'm developing assets that pay me
passively so every single month I would
take 30% living expenses 25% for taxes
20% back into my business into paid
advertising to further expand and grow
my business
12% into stocks and bonds 10% into real
estate and then 3% back into savings and
I would rinse and repeat rinse and
repeat and eventually invest into real
estate and then get that real estate
investment into a point where it's
actually you know goes from the red to
the black to the green to finally where
that real estate investments paid off
and it's making me money right
and keep doing that keep feeding you
know the the golden goose I guess you
could say until those investments are
you know passively paying me year in and
year out even if the economy was to go
down even if there was you know some
problems now of course with any of these
investments you're gonna deal with you
know some turbulence from time to time
but if you look at the real estate
market you look at the stock market over
time it always goes back up right you
have your rainy days but the trend shows
that history repeats itself and the
market goes up now I'm no you know this
isn't financial advice whatsoever by any
means by any stretch of the imagination
I'm just giving you guys sort of what my
plan is for the future and what I plan
on doing now I probably will tweak this
from time to time depending on how well
this works out for me but this is my
plan to become truly wealthy you know
throughout 2018 and you know beyond so
with that said if you got value from
this video let me know comment below
like this video and if you want to learn
how to start an affiliate marketing
business from a complete scratch there
will be a link in the description that
will give you a little bit more
information go ahead and check out my
top recommended system and again don't
forget to subscribe and we will see you
in the next video
take care
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