QUIT MY $70,000 JOB AFTER LEARNING THIS LESSON ABOUT MONEY 💵 #Best Education Page #Online Earning

 So I had a union job, a very safe job

and I was making $70,000 a year

with a guaranteed six figure income within five years

but as soon as I learned this fact about money,

I decided to quit that job entirely

and today I'm going to teach that to you

and what I'm going to show you today

is the most important lesson on money

that I have ever learned.

I did not learn it until I was well past

the days of being in high school or being in college

and it's too bad that you don't learn this in high school

because it would have dramatically changed

the decisions I made up until that point.

Now, luckily, I did learn about this

when I was about 20 years old

and so I had a lot of time to adjust my sales

and do something drastically different with my life

but I wanna show you guys this rule or this lesson today

and I hope that this sparks something in your brain

and makes you decide to also change your sales

and consider doing something else

other than what everyone else out there is doing

in terms of going out there, getting a job,

working that nine to five

and I wanna explain that to you guys now.

So first of all, I wanna ask you

if this formula here looks familiar to you.

It goes something along the lines of this.

You earn a certain dollar amount per hour

times 40 hours a week and at the end of the week,

you get a paycheck.

I wanna ask you guys where did you learn this formula?

Was this from your parents?

Did you learn this in school?

Where did you learn about this simple concept

that dollar amount times time equals paycheck?

I'll share my experience with you.

I learned this from my parents when I was 12 years old

and I decided to start a business

doing some lawn mowing and landscaping for my neighbors

and I was asking my dad, so how do I do this?

He says, well, you have to figure out

what you're willing to work for per hour

and then you're going to work a certain number of hours

and then you make your money at the end of the week

or end of the day depending on the job.

So I told myself my time was worth $10 an hour

and I would work for four hours on a Saturday

and I would make $40 and as a 12 year old,

I was pretty happy

but that was the very first time in my life

that I instilled this in my brain that time equals money.

So let's say that I decided to take that landscaping

or lawn mowing job or business I had started and run with it

and I decided that I wanted to work

40 hours a week at that job.

Let's say I did that through all of my teenage years

and I made $10 an hour.

So following the basic equation

that you work a 40 hour work week

and you work for $10 an hour,

that means I would make $400 per week.

Now, let's say that I didn't have enough money.

I wasn't making enough money

and I wanted to make more money.

So if you're unhappy with the amount of money you're making,

you basically have two options here

because there's two variables that control your paycheck.

First of all, that is the time,

the amount of time you're spending actually working

and second of all, it's going to be the skill

which is going to determine the hourly rate

at which you are paid.

So if you're looking to make more money,

there are primarily three different things you can do

and I call this the bad solution, the better solution

and the good solution.

So first of all, let's start with the bad solution.

The bad solution is to start working more hours

and sacrifice more of your time in order to make more money.

In my opinion, this is completely ludicrous.

I would never wanna work more than 40 hours a week

and why people do this is absolutely beyond me

but I'll share my personal experience here.

I used to work at a job where I was surrounded by people

who would brag about the amount of money they were making

but they weren't bragging in terms of oh, I went home

and I started my own passive income business online

or I'm doing dropshipping and I'm making two grand a month.

They were bragging about the fact

that they were sacrificing their nights and their weekends

and sacrificing their family's happiness

in order to spend more hours working at that job

and if you ask me, that is nothing to brag about

but that is what these people did.

They sacrificed their time in order to make more money

and that's a very bad solution to this problem.

I'm talking about people that would work 70, 80,

even 90 hours a week to make $150,000 a year

and it's just why would you even bother doing that?

Why would you sacrifice your time to make more money?

Anyways, that's the bad solution to this problem.

The better solution is to learn a more valuable skill.

So if you're making 10, $15, maybe $20 an hour

and you're saying I wanna make more money

then you go out there and you learn a more valuable skill.

Maybe you go to college, maybe you go take an online course

and you learn how to do online marketing,

something like that, whatever it is,

you're learning a more valuable skill

which is going to increase the rate

at which someone will pay you for one hour of your work

but the best solution has nothing to do with this formula

at all and in fact, the best solution

is to follow a different model

and the thing is so few people understand the fact

that there's a different model out there

when it comes to making money

because what this tells us here

is that time is always a variable

in the amount of money that you are making.

You either have to sacrifice more of your time

or figure out how to make more money per hour

that you are working but you can make money

in ways that do not involve your time.

So when I was 20 years old,

I started exploring different ways to make money.

I read books like Rich Dad Poor Dad by Robert Kiyosaki.

I read a book called Click Millionaires,

all about how people became millionaires off of the internet

and I started thinking about the type of income

I was earning and that's when I learned

that I was earning something called active income

and what that meant is I only made money

when I was actively working.

So for those eight hours a day, I would make money

but on the weekends and on the off hours,

I made absolutely $0 and the major flaw with active income

is that your time is always involved

with this type of income.

That is when I started to learn

about something called passive income

and I know people right now are gonna say,

yeah, no shit, Sherlock, I know what passive income is

but have you ever really thought about it?

Have you ever really thought about the fact

that you can put in effort today

and build something that will pay you every single month,

every single week or even every single day

for the rest of your life

but so few people are actually willing

to put in that initial work today

to build a passive income stream

but I told myself I was willing to put in that effort

and do whatever it takes to earn passive income

and get out of this trap of earning active income.

So let me explain it to you this way.

Passive income is very simple.

You're earning money off of your past effort.

So your past effort determines your paycheck.

Now, I've always enjoyed making videos

and talking to people and learning and exploring new ideas

so I decided that a YouTube channel would be a good way

for me to make passive income.

It makes sense.

I'm making money off of videos I've done previously.

I make money from ad revenue.

It results in sales for my membership site

and my course as well

and all of that is based on my past effort.

My course that I put together that I still make money from

is one that I made many months ago but I still make money

because I'm being paid for my past effort.

That is what passive income is.

Now, how passive is my business?

I wanna answer that question very simply

and here's how I answered this.

I took a look at just the ad revenue for my YouTube channel

and I decided to split up the percentage

of the amount of revenue I've made in the last seven days

and what percentage of that

came from the videos I posted that week

versus ones I've posted previously

and what I found is that 17% of my ad revenue

came from the videos I had posted that week

and 83% of my income came from my past effort,

the past videos that I've posted

that continued to get the views.

If that doesn't motivate you and get you excited,

I have no idea what will, guys.

I just want you to understand

there's a lot of different ways out there

that you can make money

and a lot of them involve the internet

and if you have any thought in your mind

that you have the idea of starting a blog

or starting a YouTube channel or starting a podcast

or anything like that, just fucking do it, alright?

I know it took me a long time to really start doing this

but there's so many opportunities out there

and this is such a new area as far as building a channel

and building an audience online and personal branding

and all of this and being an influencer

and sharing your message with people

and I know there's always the argument

of oh, is it too late to start on YouTube?

Well, if I told myself it was too late back in 2016,

I wouldn't have a six figure online business right now.

So to answer the question of is it too late,

it's never too late until the platform is shutting down.

If you logged on tomorrow

and YouTube had a message on the homepage

that said YouTube is closing, we're shutting down forever,

okay, maybe it's too late now but until that day comes,

it's never too late to start something.

It's never too late to start earning passive income online

and I know the excuse that some of you are going to give me

right now is the fact that not everyone out there

can start a YouTube channel

because if everyone has a YouTube channel,

nobody will have the time to watch it

but what I wanna ask you is how many people do you think

are actually even watching a video right now

about how to make more money because last time I checked,

about 90 to 95% of the people out there are asleep in life.

They don't have any idea what's going on around them.

They have no idea they can make money in other ways.

They're on autopilot going through life.

Now, of those small amount of people

that decide they wanna learn how to make more money,

what percentage are actually going to commit

and put that effort in

and decide they're going to commit to making money online

and actually see it through?

We're talking about a fraction of 1% at the end of the day

as far as people who actually watch a video like this,

take action on that advice and stick with it

and so for those of you that say

not everyone is going to be able to have a YouTube channel

or build a following, not everyone is willing to do it.

A very, very small percentage of people out there,

a fraction of a percent

are actually willing to do what it takes

and build an audience online and earn passive income.

So that is the lesson that I had learned.

I learned it when I was 20 years old.

I learned about the difference

between active income and passive income

and I decided that passive income was a much better model

and I structured my life around earning passive income

and I recommend that you guys consider doing the same thing.

Anyways, guys, that's gonna wrap up this video.

If you guys enjoyed this,

if you wanna hear more about my business, how I make money

and other ways you can make passive income,

drop me a comment down below

and I'll be sure to incorporate some more videos like that.

It's a very interesting topic for me

but there's just so many different opportunities out there

and I know a lot of people are itching

to do something else out there or they're struggling

or they're not making money

or they're not making enough money

and you need to start thinking

about a different model that you're following

and not this model of earning active income

but thank you so much for watching, guys.

I hope you have a great rest of your day

and I will see you in the next video.

If you are interested in learning more

about investing in the stock market,

I've created a free course just for you.

The link is in the description below.

Here are a few other videos you might enjoy as well.

#Best Education Page #Online Earning

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