this video gives you actual advice - straight to the point. no bullshit, just shows you the general direction of where to go, the rest of the work is up to the viewer. thanks!
@@BeatTheBush I live with some family members who seem to think people can do things perfect the first time around. Its like how they do not understand learning is a process. I have a sister who would ask little things to be fixed around the house. I would try it with the tools available, and of course, its my first attempt at it. She would find it not aesthetically up to her standards, and eventually just spend hundreds on professionals with special tools to come and do it. IF she ain't trying to save money, then go right ahead i say.
Yep and like Robert Kiyasaki says, don't chase money but focus on solving problems/ using your intelligence/ constantly striving to provide more value to people.
I agree with you, I had a friend in the office who lived well but never had an investment, unfortunately his job ended so he went from living well to surviving
I just saved a ton of money on my insurance by performing my own open heart surgery. There was the minor expense of replacing the bed sheets, but it was worth it.
Short version what you need. Intelligence, Intuition, Inner Drive, Disregard for Society Standards, Focus that will sacrifice any social event if it does not help you reach for end goal. I know where I am going and there is nothing that will stand in my way. That is how I built my companies. I see the vision then commit 100%.
Totally agree for your disregard of society standards - takes awhile the completion to overspend on frivolous things and not get stuck in the social-norm
thanks beat the Bush. this video is like a reminder to me that I should focus more on developing more on my skills rather then just practically looking to work more hours.
You have literally changed my life over this past week upon discovering your channel. Thank you so much for your secret sauce and tips on life. Subscriber for life
Totally agree. He talks sense. Knowing when you are bad at something is the best way to get better at it. I trade stocks, and it was all the losing that made me see the truth and what I needed to do to improve.
This is a great motivational video. I agree with you 100%. In my opinion, sometimes people don't like to sacrifice their spare time or even get out of their comfort zone. Sometimes, the harder step, is the first one, once you get going, you get going. It is not easy to spend hours after hours studying, reading, doing homework, etc..., but in the end, it pays off.
Great Video, sometimes we tend to forget, it's the hunger, drive, and desire, that one has to accomplish goals, we should never stop learning, we live in such a competitive world, only the skilled will only be able to maintain prosperity. Thanks
Great video--I have learned to do carpentry, roofing, plumbing, some electrical work, flooring painting, and many other types of important household skills because I have a rental and son't want to spend all my rent money on repairs. Great video and excellent information!
If someone needs to be told how to build a company of their own they will fail. I started my first business years ago with my wife an everyone thinking I was crazy. Now 3 years later wife stays home, I have 4 different businesses and I make in one week more then most make in 2 months. Its not about the money though. I don't care about that part. Its about bringing what I see in my mind to life. Also the more difficult an issue is the excited I get about it. I can live in that space. I dropped out of college 6 credits short of associates degree. I would read the book for the class the first week. Then I would have pretty much learned what I would need to pass. By week 2 I would be asking questions related to classes for next semester. I think also is the part that I will not defeated by anything helps
Wow! Nice to hear your success story! Seems like you took the nontraditional path and actually made it work. I still think too much success stories will convince early starters of the wrong path. The entrepreneur route is full of road blocks that is much rougher and often times takes much much more work than the 40 hours a job takes. So if you want to work your butt off but potentially get paid much more then that's the entrepreneur route. I also think not everyone has the insight to be successful as it's not just hard work. As you mentioned, it takes a healthy sprinkle of talent and intuition.
BeatTheBush truthfully it comes naturally to me. I just spent all weekend working literally every day since last weekend before that. But it's fun so hours don't matter to me. My wife and kids are on vacation with her mom 10 hours away. I wanted to get new office finished so I stayed. Then add 10 more things to do. I naturally just have that drive. So sitting at her moms house or walking on the beach all I would be thinking is if didn't come I would have got this this and this done and made about this much. Why I am here with these people when stuff needs accomplished. I always keep in mind I only have 20 years left to finish everything before my time here is up. So my mind is constantly thinking about efficiency. My good friend that does well too said "I have never seen someone in so many different businesses and manage to keep them all growing" The not person in this world that can defeat me is myself. Probably why my mind is so strong and I'm constantly strengthening any weaknesses I find within. This is the thinking you have to have to create a world most other couldn't even dream of.
Mamadollskie I didn't get a loan. That would give a bank control over my business. I started my first one out of my home. Built it for about a year then I quit my regular job when I was literally making in one day what tool 2 weeks there to make. It's easy if you enjoy what you do. After that I planned out my next one I started a year later. Just find something you enjoy and get it. There is no formula truthfully. It all comes from inside.
First business was a supplements and others products geared towards bodybuilders. If its not something you enjoy you won't succeed. Thats the truth about it. I was around that lifestyle for many years so I had a very good understanding of the market, people and what people wanted in general. I thought it thru and figured out how to connect one thing to another. I was always looking where I was going not where I was at. After that I started other companies for different products for different approaches. It would be a very long book if I tried to write it all out. Basically the main things were I always knew where my next step was, I always invested 60-70% of profit into other areas to make more money (digital currency that went up 3000% for example). I was always looking for the next 10 moves to goal acquisition.
You can usually find the information if you look for it and ask enough questions. Just have be clear about your goal and have a strong enough reason to go after it so you will not stop when obstacles arise. Plan, Do, Check, Advance
Indeed there are a lot of free resources from universities that offer free course materials. However, self learning is hard for some so you really need to be very interested in a certain topic to learn so extensively on it.
Another great vid. About 20 years ago I went through the same thought process. Was in a basic “job” making $8.50 an hour. Not only that, but I hated it. Came home one evening and began to brainstorm on how to gain skills and knowledge in a field that interested me, and fit my personality. Worker hard over a several year period to continue to provide for my family while gaining the necessary skills. After about 5 years I could really begin to see the traction taking place and was making about $45000 per year. After another 5 years I again changed my mindset and began to think of annual income over hourly pay. This may sound insignificant, but it was a game changer. Today I still look at skill, effort, and potential in an area that we may be considering. As of now we work 3 days per week and make well into the 6 figures. Im always still looking at other opportunities that may offer us a return on investment of both time and dollars. One for instance....right now we are working on adding a work space in our shop to allow for appliance repair. We have made calls to get the information needed for EPA Certification etc for freon. We have now contacted a couple of people that are interested in this type work and have offered them training, the tools, the work space, and even the appliances to work on as we look to build the business. So how will they get paid? Initially by repairing appliances that we obtain and then reselling those appliances on market place. This will provide the resources to pay them for their time while the business gets off the ground. Total investment will be minimal considering how quickly it will begin to generate income. Constantly think outside the box. Dont give into the thoughts and input of others that always say “it cant be done” or all of the negatives about why it will be too hard etc.
Could you make a video on the different financial milestones in terms of saving? Like saving your first $10k, then $30k, $60k, $100k, and the different mindsets to have in each goal?
Best video on utilizing skill sets. It's simple advice yet not common enough in the senses of society. I learned to cultivate every area of my life. I'm still learning and seeking knowledge. God bless you brother for what you're doing.
Frickin genius, it's a period pad for sweat absorption. This way you wash your clothes less and they last longer. The longer your clothes last, the more money you save. Another great way to pinch pennies.
How many decades did this take you? I was at the recycling center yesterday and they were paying $.50/lb for aluminum cans. 32 cans = 1 pound (YMMV as some cans are bigger than others.) So I would need over 250,000 cans to get $4,000. If you live in Michigan, where there is a 10 cent deposit for containers, you will still need to collect 40,000 cans and bottles.
ppsh43 it doesn't have to just be cans. most places will take anything aluminum. you would be surprised how much aluminum you can come by. people throw out appliances all the time, dumpsters by construction sites may have a lot of aluminum, and if you just walk down some buys streets you'll see a shit tone of cans. that goes far all metals really. $.50 a lb for aluminum is really good.
Maybe I'm just being whiny, but I notice a few issues with this: 1) This assumes that people have the financial resources to be able to go to college 2) Most people don't have the skill set and know how to manage a business, which makes entreprenuership very difficult often resulting in a lose of profit (i.e. you blow your life savings on a business idea that fails)...and again, this assumes that people have the financial resources for their own start-up to begin with 3) Many people with low income work multiple jobs to make ends meet and don't have time for leisurely activities, such as gardening. Apartment living is also an issue because there is no yard space to garden in.
Another thing that's very important is learning/doing something that you are passionate about. Don't just go learn (or worse paying $$$ to learn) writing apps because you heard app creators earn millions.
I rather do it the other way where you have passion first and you become good at it. You never know if the passion will follow after you are good at something.
Honestly, I think "passion" is a word that people just throw around and real passion doesn't come that easy, to the point that you can have the passion first and then become good at something later. That would probably be the exception. If you wait till you find something you're passionate about, you're most likely going to end up waiting a really long time or never find it. Rather, if you simply invest yourself in something that really interests you, the passion for it will come as you get better at it. And even if it doesn't turn out to be something that you're really passionate about, it's not time wasted waiting for passion to magically appear into your life. Another example of thinking you have passion for something is watching chefs or people who make a living while travelling on TH-cam and wanting to emulate them because it looks so fun, and after a few weeks of learning, you end up giving up as you come to realize that it isn't as easy as it looks on TH-cam. You have to also be interested in the LEARNING part of it, not the end result or outcome that you see as successful people on TH-cam. That's why I think passion develops and grows stronger with hard work and persistence. TL;DR Stop using the word "passion" and just pursue and invest yourself in what you find really interesting. Forget passion. It starts from an interest.
My business professor in Uni told me to do the paper clip challenge, where a guy started out with a paper clip and traded up to his way to getting a house. (true story) Would be cool to try this challenge out and document it for my YT.
If it is the one I'm thinking of, he only got that far because it was for charity. But I'm sure you can probably hustle up to a free meal at the very least.
I really should. I just had to fix those things I talked about quick as I needed to use them, lol. I'll try to put more of those up but it'll be on my DIY channel.
First time I disagree. You only have 1 life and you should also spend it on actions you like. Just to save money it is not wise to learn all the skills in the world. That is what professionals are for. You are not only buying skills. You buy free time (that you can use to make more money) Watching a youtube video of something + doing it myself (not as good as a professional) eats a lot of time.
Depends if you get pleasure out of learning something new and being a jack of all trades. Also, how much you can make in your free time has a lot to do with if you'll pay for a service that costs less.
Beyond the Lens I agree it’s not productive for real professional stuff like diagnosing your plumbing issues, but something as repetitive at oil changes, grass cutting, etc...every few months, it is good to learn that skill bc it will save you a lot of money over the long run. So again it’s building your skills which will save you money and could make you money. You could do oil changes and toilet repair for the lady across the street once you’ve learned those skills.
+nat jo tbh even as someone who knows how to do an oil change it really isn't worth doing it yourself atleast by me. Coupons for oil changes for around $20-$25 and that includes the oil and filter compared to if I can't get it in a shop to do it on myself jacking it up it takes a decent bit of time, it's all in how much you value your time as someone who takes home $40 ish an hour it isn't worth it.
Charlie Tekautz that’s true too. You have to put aside time to do it and you have to enjoy it a bit. But if you hired services for everything around your house/car, etc... that you could get done for half your income ($20) then you would be dishing out half your income. I cut my own grass and since I have a lawnmower I cut a few ppl on my street and make money. My lawnmower is already out so I may as well.
you'll never become a millionaire by saving a few dollars here and there. this logic is flawed. start a business and run it successfully. that's how you will get there.
Dr Green I agree, I don't know anyone who became a millionaire by working a job. Read "Rich Dad Poor Dad" he advocates building businesses and investing in real estate to become wealthy, not being an employee or even self-employed.
You can and it's been done time and time again. You can start a business and run it successfully but never generate a positive cash flow (heh hem UBER) and you will still not be a millionaire. Starting a business is not for everyone and not everyone knows how to run a business. So I'm saying, you can do it either way.
I don't see how. If you are working a job making 30k and are in the 15% tax bracket, then you have $25,500 take home pay. If by some miracle you don't have ANY living expenses and just socked away your entire paycheck every month it would take 39.2 years to become a millionaire. Sounds like a long, hard road to me.
Dr Green wrong. Have you listened to any of Dave Ramsey's calls? Im not pushing his teachings on you but if you listen to some of the calls that comes in there are average people who are plumbers, construction workers, randoms jobs we've never heard of who has become a millionaire. Don't say it's impossible until it's been tried.
So true, my husbands uncle is a self made millionaire, he got the cheapest haircut in town, if they got fastfood delivered ( they where in there 70's ) they saved the napkins, Ketchups . There where not stinchy, they payed for there housekeepers 3 children to go to college, but they where not wasteful. They send use $1000 every Christmas, but when I was there visiting on my birthday, I got a used vase as a present. And I still have it , some how I love this stupid vase.
Just started the video, gotta say, you actually remind me of me a bit, at least skills wise, I basically possess the same basic skill set (although did a year of engineering, I switched to Biochem, which I recently finished). I would like to add, I have built up my non-primary skills by making them a hobby. I immerse myself in that hobby for a a few years, until I have a basic level of competency, and then get a new hobby. That way, I become a well rounded person. And now I can cook, am familiar with cars (in general), and basic repairs/handyman (cars and currently home stuff), computers, and those are the main ones. At the very least, it improves the quality of *my* life. Find something you enjoy, learn it, practice it, do it as a hobby, then once comfy, and at the level where you really need pro training, move on. Not only does that save you money, you gain a tremendous sense of self satisfaction. Cheers EDIT: also, as for cars, new cars are a luxury. Buy used, you will save A LOT of money. If you get a new car, just recognize its a treat, not a sound financial decision....
Fantastic video, really helpful! Would you mind doing a vid about confidence and believing in the skills you have, or silencing the (acquired) internal dialogue that stops you from moving forward? Many thanks for all your hard work, wisdom and insight. 🤙🏽
Great portrayal of how to THINK in a manner worthy or wealth. Spending power is an honor that is earned through a temperance of desire. Most big ticket lottery winners are worse off than before they won because they assumed that being able to spend meant being obligated to spend, which is why so many lose most of their wealth giving it away and attempting business endevors that they haven't spent the TIME to learn suffeciently. Everyone has the same potential balance of time to spend each day: 24 hours; knowing how to spend that is how I'm going from $0 to Millionaire.
My brother and I have received several HD Tv's because capacitors have gone bad in them. We just desoldered the bad capacitor and put in new ones and it worked like new.
thanks for the tips on the channel, hope you won't get bored and stop making videos. quick question: how do you decide if something is worth learning against the opportunity cost of the time you've spent learning/doing something?
It is true some things might be too costly to learn for what you get. Try this vid on passion: th-cam.com/video/SSja8ikcsmU/w-d-xo.html Sometimes, if you really like it, who cares if it costs you time, you like it.
Yes! If one has all these skills yet lack the time to use any of these skills is it really worth it? I think sometimes people just fork out the money Because of convience.
What type of engineer are you? Because I'm thinking that may also help you to me more versatile. For example I have an engineering degree in IT, so installing a new headunit into my car was right up my alley but installing my dishwasher was a strech for me. I still did it, but sometimes I just feel like something would take too much time and effort, so I call a "professional". Do you fix everything yourself?
Just generic engineer for now but if you look at my videos, I cross boundaries for the type of engineering. I fix practically everything myself. If I don't know how, I call it a challenge and give it a stab. =D
I have a sewing skill do you think I could make a side hustle and I work at a factory for 12 years but I know I won't be a millionaire but I dont want to work this factory until I'm 65 .I do have a 401k and a Roth IRA. Any advice.
Another great video. For services you can not do yourself, you can try bartering. your skill and time for someone else's time and skill. There is a bartering section on Craigslist for example.
Great advise. I know what I'm good at but sadly my mind and body keep lagging behind. Not to mention ext I'm good at doesn't necessarily gain money right away. I used to have money cuz I was frugal. Buying less,only ext I needed, less washing of clothes to lower bills and make pants last,buying less toilet paper even. Started using sham wows and washing out or dropping in bucket. Cut coupons etc. Invested in life ins that had stocks and CDs on side of savings. Eventually my health took my resources and I couldn't work anymore and became homeless. California is the hardest state to keep up let alone survive. Trying to get rich is tough unless your a stone wall who doesn't mind screwing people over in process. I have many writing ideas but no investors for project when complete. My talent goes unheard or unseen in meanwhile. I do love your advise channel though. Thank you.
Wow... so how are you commenting being homeless? Having failing health can indeed so such a thing to your finances if you do not have any income. That is the rub with doing things you enjoy and are good at. It does not earn money right away so it must be refined and worked at over many years to gain traction.
This is not for everyone. When you are dealing with your health you are lucky to find someone to give you a job. My husband is Epileptic have 7 brain surgeries. I have Lupus and fibro.
A tip on savings -- Any time you have to use a service to pay to do something you can do yourself -- like lets say you were to pay $25.00 to get your car washed and vacuumed. Wash and vacuum your car on your own and take $25.00 out of your checking account and transfer it into your savings account. If that is budgeted money, you will still be adhering to your budget, but you will actually be saving money in the process. Same as if you are going to eat out. Take your "dining out" money and transfer it into a savings account when you cook dinner instead. You will be amazed how much you can save, and how quickly.
People often find it silly and wonder why "rich" people cut coupons and take advantage of deals. But they are looking at it the wrong way. Likely one of the main reasons they are well off is _because_ they are so frugal and knew how to streamline their expenditures and always live within their means. _Have money_ *does not* have to mean _will spend._
All about minimizing spending and maximizing income. Once you have enough to retire on at a level you like, then perhaps its time to let up a bit and buy more services that gives you even more time.
At the end of the video, you started talking about Professional skills. I realized that those are nothing if you want to be a millionaire. I've heard a few years ago this statement that, it isn't about saving money these days, it is about how fast you make them. You are saving money with those learned skills and it will take a while for a million.
Its wise to buy used furniture like your white leather sofa and chair. But how did you get it delivered to your home? Did you hire Two Men and A Truck?
I have a question. My mortgage company passed my mortgage off to another company. This went on my credit as an account closure and dropped my credit score 51 points! Is this normal, and will it correct itself? I'm kinda freaked out now.
Oh yes. Probably Fannie Mae I assume. They passed it off so there should be another account shown on your report. Maybe it will take a month or two before it shows. I assume you didn't do any other things like applying to a few credit cards that also could have dropped it.
I was curious if it were possible to hire you to help with my finances. I live in Santa Cruz and notice that you are in Silicon Valley so we are close. Or maybe just a consultation every couple months. At this point I have around 5k in debt plus my car. I don’t make much per year but am also a student. I want to be one a doctor or a PA. I’d like to find ways to maximize the small amount of money that I do have. I’m not sure if I should be investing or what I should be doing. Naturally my first step is to pay off my debt since it has such a high interest rate. Maybe another beginning step would be to figure out how much I spend on what each month and then try to cut back on that.
I've cut back on one-on-one consulting these days. So all I can offer you is a video to reduce expenses. You can start here: th-cam.com/video/H4nt1gNjxIU/w-d-xo.html
I am assuming many people know what is the right thing to do to improve their financial circumstances. However, having a highly disciplinary life-style is sometimes very difficult for a lot of people. As we all know, promises are easily uttered by mouth than execute in physical action. I give financial advice to my customers all the time, nevertheless, at end of the day, it is their call to take the "medication" or not.
I think many people actually don't know how to improve their financial situation. Much spending is driven by marketing and peer influence so if you just go with the flow, you can end up broke. Then like you said, there are the ones that knows what to do but do not have the will power to do it.
I make 110k and I'm have such a hard time saving money. My mortgage with taxes is $2546. My travel for work is $650 A month. Other bills have me in the negative every month
You can make 2000 cash a month waiting tables at the Chinese buffet! Its true. a number one chef in a small take out chinese restaurant will make around 3000 a month. I know a lot of Chinese because I am married to one.
this video gives you actual advice - straight to the point. no bullshit, just shows you the general direction of where to go, the rest of the work is up to the viewer. thanks!
Thanks for your comment! =D You're welcome!
My dad once said, "Don't desire high amounts of wealth, but desire high amounts of skill."
Having skill is fun. Rather than say I cant do it, you get to actually learn and do it. =D
Eva M. Kingsley wise words ;)
@@BeatTheBush I live with some family members who seem to think people can do things perfect the first time around. Its like how they do not understand learning is a process. I have a sister who would ask little things to be fixed around the house. I would try it with the tools available, and of course, its my first attempt at it. She would find it not aesthetically up to her standards, and eventually just spend hundreds on professionals with special tools to come and do it. IF she ain't trying to save money, then go right ahead i say.
Yep and like Robert Kiyasaki says, don't chase money but focus on solving problems/ using your intelligence/ constantly striving to provide more value to people.
I agree with you, I had a friend in the office who lived well but never had an investment, unfortunately his job ended so he went from living well to surviving
Man knowledge is important but life "skills" are even more important! Thanks for sharing, great video!!!
You're welcome!
😉👍
I did my own Lasik eye surgery, with homemade lenses, saved a ton of money.
lmao
Tony32 What? I can't hear you, the home-made batteries in my hearing aides are dead
Lol, yeah I wouldn't do that. lol.
I just saved a ton of money on my insurance by performing my own open heart surgery. There was the minor expense of replacing the bed sheets, but it was worth it.
he did not tell u hes Blind in both eyes... lol
Short version what you need.
Intelligence, Intuition, Inner Drive, Disregard for Society Standards, Focus that will sacrifice any social event if it does not help you reach for end goal. I know where I am going and there is nothing that will stand in my way. That is how I built my companies. I see the vision then commit 100%.
Nice summary of the focus it takes. I know it must take a lot of effort to perform this way but I'm sure it's well worth it. =D
Shawn Martin what businesses do you run?
Totally agree for your disregard of society standards - takes awhile the completion to overspend on frivolous things and not get stuck in the social-norm
thanks beat the Bush. this video is like a reminder to me that I should focus more on developing more on my skills rather then just practically looking to work more hours.
BRAVO! YES YES YES! If you work more hours you get more money sure but if you improve your skills you can work same hours and get paid more. viola!
You have literally changed my life over this past week upon discovering your channel. Thank you so much for your secret sauce and tips on life. Subscriber for life
This is the only channel worth a subscription. So much practical knowledge and wisdom its ridiculous. Good video bro!
Whoa, thanks for your compliment! =D
Totally agree. He talks sense. Knowing when you are bad at something is the best way to get better at it. I trade stocks, and it was all the losing that made me see the truth and what I needed to do to improve.
and " valuetainment " also..
This is a great motivational video. I agree with you 100%. In my opinion, sometimes people don't like to sacrifice their spare time or even get out of their comfort zone. Sometimes, the harder step, is the first one, once you get going, you get going. It is not easy to spend hours after hours studying, reading, doing homework, etc..., but in the end, it pays off.
Get out of your comfort zone once a week? Everyday? It's good to do it often because that's how anyone can learn.
Great Video, sometimes we tend to forget, it's the hunger, drive, and desire, that one has to accomplish goals, we should never stop learning, we live in such a competitive world, only the skilled will only be able to maintain prosperity. Thanks
Plus, learning new things is super fun. Or at least, one must truly feel that way to keep on learning.
Great video--I have learned to do carpentry, roofing, plumbing, some electrical work, flooring painting, and many other types of important household skills because I have a rental and son't want to spend all my rent money on repairs. Great video and excellent information!
Ive been doing the meal prepping you recommended, and it really saves a ton!
I fixed my leaky toilet and saved a couple hundred right there too
Yeah? Cool! Yeah, making your own food saves soooo much while being more healthy and delicious as well. =D
life is like an rpg. you just need to fill out you'r skill tree and lv ur skills.
Or RPGs were originally designed to emulate life.
aww wise words sensei.
paintballv32 I’m inclined to agree with the two of you
If someone needs to be told how to build a company of their own they will fail. I started my first business years ago with my wife an everyone thinking I was crazy. Now 3 years later wife stays home, I have 4 different businesses and I make in one week more then most make in 2 months. Its not about the money though. I don't care about that part. Its about bringing what I see in my mind to life. Also the more difficult an issue is the excited I get about it. I can live in that space. I dropped out of college 6 credits short of associates degree. I would read the book for the class the first week. Then I would have pretty much learned what I would need to pass. By week 2 I would be asking questions related to classes for next semester. I think also is the part that I will not defeated by anything helps
Wow! Nice to hear your success story! Seems like you took the nontraditional path and actually made it work. I still think too much success stories will convince early starters of the wrong path. The entrepreneur route is full of road blocks that is much rougher and often times takes much much more work than the 40 hours a job takes. So if you want to work your butt off but potentially get paid much more then that's the entrepreneur route.
I also think not everyone has the insight to be successful as it's not just hard work. As you mentioned, it takes a healthy sprinkle of talent and intuition.
BeatTheBush truthfully it comes naturally to me. I just spent all weekend working literally every day since last weekend before that. But it's fun so hours don't matter to me. My wife and kids are on vacation with her mom 10 hours away. I wanted to get new office finished so I stayed. Then add 10 more things to do. I naturally just have that drive. So sitting at her moms house or walking on the beach all I would be thinking is if didn't come I would have got this this and this done and made about this much. Why I am here with these people when stuff needs accomplished. I always keep in mind I only have 20 years left to finish everything before my time here is up. So my mind is constantly thinking about efficiency. My good friend that does well too said "I have never seen someone in so many different businesses and manage to keep them all growing" The not person in this world that can defeat me is myself. Probably why my mind is so strong and I'm constantly strengthening any weaknesses I find within. This is the thinking you have to have to create a world most other couldn't even dream of.
Mamadollskie I didn't get a loan. That would give a bank control over my business. I started my first one out of my home. Built it for about a year then I quit my regular job when I was literally making in one day what tool 2 weeks there to make. It's easy if you enjoy what you do. After that I planned out my next one I started a year later. Just find something you enjoy and get it. There is no formula truthfully. It all comes from inside.
Shawn Martin what kind of business did you start from your home? My husband and I want to start one but don't know what in the hell to do!
First business was a supplements and others products geared towards bodybuilders. If its not something you enjoy you won't succeed. Thats the truth about it. I was around that lifestyle for many years so I had a very good understanding of the market, people and what people wanted in general. I thought it thru and figured out how to connect one thing to another. I was always looking where I was going not where I was at. After that I started other companies for different products for different approaches. It would be a very long book if I tried to write it all out. Basically the main things were I always knew where my next step was, I always invested 60-70% of profit into other areas to make more money (digital currency that went up 3000% for example). I was always looking for the next 10 moves to goal acquisition.
Knowledge = Power = Money.
You can usually find the information if you look for it and ask enough questions. Just have be clear about your goal and have a strong enough reason to go after it so you will not stop when obstacles arise. Plan, Do, Check, Advance
Yup! Experience is worth its weight in gold.
Having skills is very important and there are low cost and free online courses to learn new skills to increase your income.
Indeed there are a lot of free resources from universities that offer free course materials. However, self learning is hard for some so you really need to be very interested in a certain topic to learn so extensively on it.
Another great vid. About 20 years ago I went through the same thought process. Was in a basic “job” making $8.50 an hour. Not only that, but I hated it. Came home one evening and began to brainstorm on how to gain skills and knowledge in a field that interested me, and fit my personality. Worker hard over a several year period to continue to provide for my family while gaining the necessary skills. After about 5 years I could really begin to see the traction taking place and was making about $45000 per year. After another 5 years I again changed my mindset and began to think of annual income over hourly pay. This may sound insignificant, but it was a game changer. Today I still look at skill, effort, and potential in an area that we may be considering. As of now we work 3 days per week and make well into the 6 figures. Im always still looking at other opportunities that may offer us a return on investment of both time and dollars. One for instance....right now we are working on adding a work space in our shop to allow for appliance repair. We have made calls to get the information needed for EPA Certification etc for freon. We have now contacted a couple of people that are interested in this type work and have offered them training, the tools, the work space, and even the appliances to work on as we look to build the business. So how will they get paid? Initially by repairing appliances that we obtain and then reselling those appliances on market place. This will provide the resources to pay them for their time while the business gets off the ground. Total investment will be minimal considering how quickly it will begin to generate income. Constantly think outside the box. Dont give into the thoughts and input of others that always say “it cant be done” or all of the negatives about why it will be too hard etc.
Whoa... you really built something from scratch. This is really nice to read you story. Thank you for sharing.
I love your channel because it is based off of using realistic expectations with maximum efficiency.
Subbed.
=D Thanks for your sub! =D
Informative and inspirational! Well said, thank you!
"for example, I cannot do my own dentistry."
That's a "Can't Do" attitude right there. I expected more from Beat The Bush.
LOL! Dentistry!?!? I thought about this... but naw....
Most people on my street can't even put air in their tire. They need to call a ''professional'' for any repairs in their houses.
I'm out guys! Unsubbed! (Joking lol)
Could you make a video on the different financial milestones in terms of saving?
Like saving your first $10k, then $30k, $60k, $100k, and the different mindsets to have in each goal?
Perhaps this video about 10 level of financial independence is close enough to what you are looking for: th-cam.com/video/c27RcSJtJoc/w-d-xo.html
Best video on utilizing skill sets. It's simple advice yet not common enough in the senses of society. I learned to cultivate every area of my life. I'm still learning and seeking knowledge. God bless you brother for what you're doing.
You're welcome! =D
He's got something up his sleeve :p
Oh man, did I accidentally give something away? I'll have to reveal another time!
BeatTheBush I like your style, man.
Frickin genius, it's a period pad for sweat absorption. This way you wash your clothes less and they last longer. The longer your clothes last, the more money you save. Another great way to pinch pennies.
I went grom 0 to $4,000 bucks collecting cans and bottles around the neighborhood exercise and good for my pocket win win
Wow, that's a pretty good amount. Now, how long did that take?
How long did that take? How many cans equated to $4,000 ?
How many decades did this take you? I was at the recycling center yesterday and they were paying $.50/lb for aluminum cans. 32 cans = 1 pound (YMMV as some cans are bigger than others.) So I would need over 250,000 cans to get $4,000. If you live in Michigan, where there is a 10 cent deposit for containers, you will still need to collect 40,000 cans and bottles.
ppsh43 it doesn't have to just be cans. most places will take anything aluminum. you would be surprised how much aluminum you can come by. people throw out appliances all the time, dumpsters by construction sites may have a lot of aluminum, and if you just walk down some buys streets you'll see a shit tone of cans. that goes far all metals really. $.50 a lb for aluminum is really good.
Lies
Maybe I'm just being whiny, but I notice a few issues with this:
1) This assumes that people have the financial resources to be able to go to college
2) Most people don't have the skill set and know how to manage a business, which makes entreprenuership very difficult often resulting in a lose of profit (i.e. you blow your life savings on a business idea that fails)...and again, this assumes that people have the financial resources for their own start-up to begin with
3) Many people with low income work multiple jobs to make ends meet and don't have time for leisurely activities, such as gardening. Apartment living is also an issue because there is no yard space to garden in.
I love your videos, they are very helpful and thought provoking!
Thanks! Glad you enjoyed this one. =D
This is basically the conversation parents should have with their kids before they reach 18..
I agree. Or earlier? When they can use money to buy lunch even.
Another thing that's very important is learning/doing something that you are passionate about. Don't just go learn (or worse paying $$$ to learn) writing apps because you heard app creators earn millions.
You can also do stuff that you are good at, and because you're good at it, the passion follows.
Oh yeah, seems like there's that trend too huh? Paying lots to do online courses on writing an app.
I rather do it the other way where you have passion first and you become good at it. You never know if the passion will follow after you are good at something.
Honestly, I think "passion" is a word that people just throw around and real passion doesn't come that easy, to the point that you can have the passion first and then become good at something later. That would probably be the exception. If you wait till you find something you're passionate about, you're most likely going to end up waiting a really long time or never find it. Rather, if you simply invest yourself in something that really interests you, the passion for it will come as you get better at it. And even if it doesn't turn out to be something that you're really passionate about, it's not time wasted waiting for passion to magically appear into your life. Another example of thinking you have passion for something is watching chefs or people who make a living while travelling on TH-cam and wanting to emulate them because it looks so fun, and after a few weeks of learning, you end up giving up as you come to realize that it isn't as easy as it looks on TH-cam. You have to also be interested in the LEARNING part of it, not the end result or outcome that you see as successful people on TH-cam. That's why I think passion develops and grows stronger with hard work and persistence.
TL;DR Stop using the word "passion" and just pursue and invest yourself in what you find really interesting. Forget passion. It starts from an interest.
My business professor in Uni told me to do the paper clip challenge, where a guy started out with a paper clip and traded up to his way to getting a house. (true story)
Would be cool to try this challenge out and document it for my YT.
how?
If it is the one I'm thinking of, he only got that far because it was for charity. But I'm sure you can probably hustle up to a free meal at the very least.
It's interesting for sure but I bet the amount of time spent on the trades is immense. Time = money.
Very true
Successful Minds I
good information. you should make videos of you fixing stuff!!
I really should. I just had to fix those things I talked about quick as I needed to use them, lol. I'll try to put more of those up but it'll be on my DIY channel.
First time I disagree. You only have 1 life and you should also spend it on actions you like. Just to save money it is not wise to learn all the skills in the world. That is what professionals are for. You are not only buying skills. You buy free time (that you can use to make more money) Watching a youtube video of something + doing it myself (not as good as a professional) eats a lot of time.
Depends if you get pleasure out of learning something new and being a jack of all trades. Also, how much you can make in your free time has a lot to do with if you'll pay for a service that costs less.
Beyond the Lens I agree it’s not productive for real professional stuff like diagnosing your plumbing issues, but something as repetitive at oil changes, grass cutting, etc...every few months, it is good to learn that skill bc it will save you a lot of money over the long run. So again it’s building your skills which will save you money and could make you money. You could do oil changes and toilet repair for the lady across the street once you’ve learned those skills.
+nat jo tbh even as someone who knows how to do an oil change it really isn't worth doing it yourself atleast by me. Coupons for oil changes for around $20-$25 and that includes the oil and filter compared to if I can't get it in a shop to do it on myself jacking it up it takes a decent bit of time, it's all in how much you value your time as someone who takes home $40 ish an hour it isn't worth it.
Charlie Tekautz that’s true too. You have to put aside time to do it and you have to enjoy it a bit.
But if you hired services for everything around your house/car, etc... that you could get done for half your income ($20) then you would be dishing out half your income.
I cut my own grass and since I have a lawnmower I cut a few ppl on my street and make money. My lawnmower is already out so I may as well.
you'll never become a millionaire by saving a few dollars here and there. this logic is flawed. start a business and run it successfully. that's how you will get there.
Dr Green I agree, I don't know anyone who became a millionaire by working a job. Read "Rich Dad Poor Dad" he advocates building businesses and investing in real estate to become wealthy, not being an employee or even self-employed.
You can and it's been done time and time again. You can start a business and run it successfully but never generate a positive cash flow (heh hem UBER) and you will still not be a millionaire.
Starting a business is not for everyone and not everyone knows how to run a business. So I'm saying, you can do it either way.
OK, can you give some examples where people became millionaires by saving few dollars now and then?
I don't see how. If you are working a job making 30k and are in the 15% tax bracket, then you have $25,500 take home pay. If by some miracle you don't have ANY living expenses and just socked away your entire paycheck every month it would take 39.2 years to become a millionaire. Sounds like a long, hard road to me.
Dr Green wrong. Have you listened to any of Dave Ramsey's calls? Im not pushing his teachings on you but if you listen to some of the calls that comes in there are average people who are plumbers, construction workers, randoms jobs we've never heard of who has become a millionaire. Don't say it's impossible until it's been tried.
Just discovered you today, lots of great videos and information. You now have a new subscriber!
Yay! Thanks for your sub! =D
So true, my husbands uncle is a self made millionaire, he got the cheapest haircut in town, if they got fastfood delivered ( they where in there 70's ) they saved the napkins, Ketchups . There where not stinchy, they payed for there housekeepers 3 children to go to college, but they where not wasteful. They send use $1000 every Christmas, but when I was there visiting on my birthday, I got a used vase as a present. And I still have it , some how I love this stupid vase.
Just started the video, gotta say, you actually remind me of me a bit, at least skills wise, I basically possess the same basic skill set (although did a year of engineering, I switched to Biochem, which I recently finished).
I would like to add, I have built up my non-primary skills by making them a hobby. I immerse myself in that hobby for a a few years, until I have a basic level of competency, and then get a new hobby. That way, I become a well rounded person. And now I can cook, am familiar with cars (in general), and basic repairs/handyman (cars and currently home stuff), computers, and those are the main ones.
At the very least, it improves the quality of *my* life.
Find something you enjoy, learn it, practice it, do it as a hobby, then once comfy, and at the level where you really need pro training, move on. Not only does that save you money, you gain a tremendous sense of self satisfaction.
Cheers
EDIT: also, as for cars, new cars are a luxury. Buy used, you will save A LOT of money. If you get a new car, just recognize its a treat, not a sound financial decision....
I love these philosophical type videos.
=D
Really nice advice. I can share this with my daughters, thanks for sharing!
Fantastic video, really helpful! Would you mind doing a vid about confidence and believing in the skills you have, or silencing the (acquired) internal dialogue that stops you from moving forward? Many thanks for all your hard work, wisdom and insight. 🤙🏽
The video title does say it but building confidence is in finding something you want to strive at. More here: th-cam.com/video/efiygcLcYJ0/w-d-xo.html
Great portrayal of how to THINK in a manner worthy or wealth. Spending power is an honor that is earned through a temperance of desire. Most big ticket lottery winners are worse off than before they won because they assumed that being able to spend meant being obligated to spend, which is why so many lose most of their wealth giving it away and attempting business endevors that they haven't spent the TIME to learn suffeciently. Everyone has the same potential balance of time to spend each day: 24 hours; knowing how to spend that is how I'm going from $0 to Millionaire.
Millionaire mindset is a true statement, you can have little in the bank but still be wealthy
My brother and I have received several HD Tv's because capacitors have gone bad in them. We just desoldered the bad capacitor and put in new ones and it worked like new.
Nice! Capacitors seems to die in old electronics a lot. Nice work!
Oh maybe that's what's wrong with my HDTV! The power won't come on immediately. Yet when it does the tv plays normally. 🤔 Thx for sharing that!
Great video! Thank you for sharing these tips. I am enjoying your channel and your videos!
thanks for the tips on the channel, hope you won't get bored and stop making videos.
quick question: how do you decide if something is worth learning against the opportunity cost of the time you've spent learning/doing something?
It is true some things might be too costly to learn for what you get. Try this vid on passion: th-cam.com/video/SSja8ikcsmU/w-d-xo.html Sometimes, if you really like it, who cares if it costs you time, you like it.
you do have talent knowing how to do plumbing and minimal car repairs that's great more than I can do.
I don't think anybody has free time now a days.
It's hard to squeeze out free time BUT first step to get more free time I think is to do things fast, don't watch TV, and minimize social media.
Yes! If one has all these skills yet lack the time to use any of these skills is it really worth it? I think sometimes people just fork out the money Because of convience.
What type of engineer are you? Because I'm thinking that may also help you to me more versatile. For example I have an engineering degree in IT, so installing a new headunit into my car was right up my alley but installing my dishwasher was a strech for me. I still did it, but sometimes I just feel like something would take too much time and effort, so I call a "professional". Do you fix everything yourself?
Just generic engineer for now but if you look at my videos, I cross boundaries for the type of engineering. I fix practically everything myself. If I don't know how, I call it a challenge and give it a stab. =D
Thank for you all your help
I appreciate your inspiration! I came up with a good idea while listening to this!
Excellent! Glad the vid helped a bit. =D
Thanks!
Love all your videos, Bush.
Thank you for the continuous support and encouragement Bush. I wish you the best in all you do.
Thanks! Hope you can increase you networth fast! =D
Very useful information! Thanks
I have a sewing skill do you think I could make a side hustle and I work at a factory for 12 years but I know I won't be a millionaire but I dont want to work this factory until I'm 65 .I do have a 401k and a Roth IRA. Any advice.
You are awesome! I am learning so much.
Good stuff Sir.
+Rony MGTOW Thanks!
Great info. BTB! Thanks.
=D
Awesome advice. Thank you.
=D You're welcome!
Like what Buffet said..the best investment is yourself.
Great advice. I'll try to learn more of what I pay for services such as spa treatments. Great point that I did not see it before
Another great video. For services you can not do yourself, you can try bartering. your skill and time for someone else's time and skill. There is a bartering section on Craigslist for example.
Oh nice! Although, not sure if I can barter for dental services... I'm sure you can but then hmmm.
You motivate me, thank you!! I really appreciate the video!
You're welcome!
Amazing video brother. You really expanded my awareness
Nice! I'm glad! =D
Great advise. I know what I'm good at but sadly my mind and body keep lagging behind. Not to mention ext I'm good at doesn't necessarily gain money right away. I used to have money cuz I was frugal. Buying less,only ext I needed, less washing of clothes to lower bills and make pants last,buying less toilet paper even. Started using sham wows and washing out or dropping in bucket. Cut coupons etc. Invested in life ins that had stocks and CDs on side of savings. Eventually my health took my resources and I couldn't work anymore and became homeless. California is the hardest state to keep up let alone survive. Trying to get rich is tough unless your a stone wall who doesn't mind screwing people over in process. I have many writing ideas but no investors for project when complete. My talent goes unheard or unseen in meanwhile. I do love your advise channel though. Thank you.
Wow... so how are you commenting being homeless? Having failing health can indeed so such a thing to your finances if you do not have any income. That is the rub with doing things you enjoy and are good at. It does not earn money right away so it must be refined and worked at over many years to gain traction.
Great advice! Skills definitely pay the bills!Did you fart at 2:41?
wadewilson1973 lol I thought it's just me!
wadewilson1973 haahaaaa
It was the couch..if you listen closely its obvious.
That was a long fart....
Easy on the chicken, pal!
Yes I think it's the couch! I even heard it once in a while afterwards.
BEAT THE BUSH I LOVE YOU MAN
thanks for this beatthebush!
=D
Ahhh~ I’m in love with this channel, and I love the cooking videos. I feel so motivated right now!! ^~^
Thank you and welcome!
awesome video and awesome logic...thanks for the info
=D You're welcome. =D
This is not for everyone. When you are dealing with your health you are lucky to find someone to give you a job. My husband is Epileptic have 7 brain surgeries. I have Lupus and fibro.
Wow... that's a rough hand of life to be dealt.
love your work!
Thank you!
Thank you so much!!! So inspiring!
You're welcome! =D
love the vid thanks!!
Great advice, my thoughts exactly. Nice guy.
=D
A tip on savings --
Any time you have to use a service to pay to do something you can do yourself -- like lets say you were to pay $25.00 to get your car washed and vacuumed. Wash and vacuum your car on your own and take $25.00 out of your checking account and transfer it into your savings account.
If that is budgeted money, you will still be adhering to your budget, but you will actually be saving money in the process.
Same as if you are going to eat out. Take your "dining out" money and transfer it into a savings account when you cook dinner instead. You will be amazed how much you can save, and how quickly.
TechieYouth refers us to these videos and it's extremely good one. Great job
People often find it silly and wonder why "rich" people cut coupons and take advantage of deals. But they are looking at it the wrong way. Likely one of the main reasons they are well off is _because_ they are so frugal and knew how to streamline their expenditures and always live within their means.
_Have money_ *does not* have to mean _will spend._
All about minimizing spending and maximizing income. Once you have enough to retire on at a level you like, then perhaps its time to let up a bit and buy more services that gives you even more time.
awsome video man thanks.
You're welcome!
At the end of the video, you started talking about Professional skills. I realized that those are nothing if you want to be a millionaire.
I've heard a few years ago this statement that, it isn't about saving money these days, it is about how fast you make them. You are saving money with those learned skills and it will take a while for a million.
I still think it's both. You can always match or exceed the rate you earn it.
I love that polo. I want that polo.
Its wise to buy used furniture like your white leather sofa and chair. But how did you get it delivered to your home? Did you hire Two Men and A Truck?
I bought it on amazon new. I link to the exact one I have on my Amazon page here: www.amazon.com/shop/Beatthebush
Was certain you ripped a massive fart at 2:41 but then I realized it was the couch
The couch is a great comedy relief! LOL!!!!!
I have a question. My mortgage company passed my mortgage off to another company. This went on my credit as an account closure and dropped my credit score 51 points! Is this normal, and will it correct itself? I'm kinda freaked out now.
Oh yes. Probably Fannie Mae I assume. They passed it off so there should be another account shown on your report. Maybe it will take a month or two before it shows. I assume you didn't do any other things like applying to a few credit cards that also could have dropped it.
I was curious if it were possible to hire you to help with my finances. I live in Santa Cruz and notice that you are in Silicon Valley so we are close. Or maybe just a consultation every couple months. At this point I have around 5k in debt plus my car. I don’t make much per year but am also a student. I want to be one a doctor or a PA. I’d like to find ways to maximize the small amount of money that I do have. I’m not sure if I should be investing or what I should be doing. Naturally my first step is to pay off my debt since it has such a high interest rate. Maybe another beginning step would be to figure out how much I spend on what each month and then try to cut back on that.
I've cut back on one-on-one consulting these days. So all I can offer you is a video to reduce expenses. You can start here: th-cam.com/video/H4nt1gNjxIU/w-d-xo.html
amazing message. A must listen for anyone who feels entitled.
=D
Glad .My Nike Stock is coming back today 3/09.2018.on my way to Millionaire .
Gotta look away from that more. Too short term a trading it sounds like.
I am assuming many people know what is the right thing to do to improve their financial circumstances. However, having a highly disciplinary life-style is sometimes very difficult for a lot of people. As we all know, promises are easily uttered by mouth than execute in physical action. I give financial advice to my customers all the time, nevertheless, at end of the day, it is their call to take the "medication" or not.
getting rich （obviously legally) is like conducting a marathon. It is tough, few people can do it, but many don't.
I think many people actually don't know how to improve their financial situation. Much spending is driven by marketing and peer influence so if you just go with the flow, you can end up broke. Then like you said, there are the ones that knows what to do but do not have the will power to do it.
So what examples of skills would you recommend learning online to transition from 25,000 USD yearly to progress to being a millionaire?
$25k means you are doing minimum wage jobs. Have you considered getting more education because that sounds like about high school level salary.
This is sooooo good and useful
You're welcome!
Desire is the starting point of all achievement. Napoleon Hill
Sure but you need to follow through no?
this is great advice not click bait at all!
but what if i use the time to change the oil to make more money then i don't have to do it myself
If you have a side job that makes more than that then you can very well do that.
Happy New Year Mr.BeatTheBush. Can you make a video on investing in S&P 500 index fund?
Happy new year! Sure. I really should talk about that right now.
I make 110k and I'm have such a hard time saving money. My mortgage with taxes is $2546. My travel for work is $650 A month. Other bills have me in the negative every month
Wow... you can make some changes to make it positive?
BeatTheBush any suggestions?
Hi, can I ask you what microphone do you use for video recordings? I'm looking for one and like your sound. Thanks!
+Andy K In this video, I did a review of that mic here: th-cam.com/video/EnvyPgfdy-8/w-d-xo.html Since last week, I upgraded to a pro level mic.
Thanks! Any suggestions on a cheaper option?
Hmmm... I used an alternate one here th-cam.com/video/ffZSWRwPwBM/w-d-xo.html But then the quality is a bit less. You get what you pay for here.
I like this reply..good tips.
his couch is horrible, it keeps farting the whole time lmao 2:41
Helpful tips
=D
I haven't seen the vid yet but from the title I think I'll like it!
I have never commented on a video before I watched it. Thanks for your comment!
What the hell are you doing commenting. Watch the video! now!
great video!!!!!!!
Thanks!
I feel like I'm listening to the financially smart parent I never had.
=D Help you can apply some of it! =D
You can make 2000 cash a month waiting tables at the Chinese buffet! Its true. a number one chef in a small take out chinese restaurant will make around 3000 a month. I know a lot of Chinese because I am married to one.
Ahhh. That amounts sounds about the range work at a restaurant.