If You're Not Making Enough Money Now - Do This ASAP

Añadido: 2026-04-29

[00:00:00]Let's assume now hypothetically, let's have some fun. That you doubled your salary tomorrow. You started making more money. Well, when most people make more money, what do they do? They spend more money. People make more money. They drive nicer cars. They buy better watches. They go and live in better homes. This is where what I want you to do is continue following this flow. The nice thing about 751510 is that you make more money, you have more money to spend, but you're also investing more money. You're also saving more money.

[00:00:26]Whether you're making $30,000 a year, $300,000 a year, or $30 million a year, you always got money to put aside for saving, investments, and spending. So, how do you actually go out and earn more money? That way, you have more money to spend and save and invest. Well, let's talk about three options. Number one, you can invest in your skills. Number two, you can work to become a freelancer. Number three, you can work to start a side hustle or a business.

[00:00:48]Now, starting with your skills, this means you're taking your money and you're going to invest it to improve some sort of skill set, some monetizable skill set. There are certifications that you can align for a few hundred bucks to a few thousand dollars that can help you get a specific career. There are specific classes that you can take to help you be better at a specific skill that's monetizable. The key is, is this skill monetizable? This is not going out and taking a class on European dance.

[00:01:16]You're not going to make any money doing that. Okay, a real monetizable skill.

[00:01:21]This might be sales. This might be sales copywriting online. This might be advertising, more specifically, YouTube advertising, Google advertising, Facebook advertising, Instagram advertising. Because if you can get really good at that and you can help a company scale their advertising from, let's say, $3,000 a month to $30,000 a month, well, now you can get a piece of those profits as well. If you can learn video editing, you have a skill that you can sell because a lot of people are trying to go digital now. If you can learn SEO, more specifically SEO to actually build a company's presence to drive more leads, to drive more sales, well now you have a monetizable skill, these are skills that you can learn, pay to learn, pay to test, and then you can go out and sell these skills to a business and charge a lot more money to do that. Number two, this is freelancing. There are a lot of places you can go out and do this, right? Uber, you can use Scrubhub, you could do a lot of those, or you can even do digital freelancing, which is selling your services. Let's say you are good at digital design. You're good at graphic design. There are platforms on the internet like Upwork or Fiverr. You can sell some of those skills to a business in exchange for some money. And as you start to grow, well, then you can start to raise your prices as well. If you're a good writer, you're a good video editor, you're good at being very organized, you can be a virtual assistant. These are all things that you can do to freelance as a way to add some more dollars into your pocket. You don't got to work on a specific schedule. You can work on your own time, set your own prices, and start to get paid to do that. There's a lot of platforms on the internet that can help you with this.

[00:02:51]Then a side hustle is taking it one step further. Now, in general, this is kind of like starting a business. I don't really like calling it a side hustle because at the end of the day, if you're starting a side hustle, you're starting a business. But the whole idea here is you're creating something as a way to make some extra cash, which could potentially become a business in and of itself. And this can be really anything.

[00:03:11]I mean, if you're good at washing cars, you can start a car detailing side hustle or business. You're good at cleaning, help landlords clean up their rental properties after a tenant moves out. You're good at painting, start a painting business. You're strong, start a moving business, help people move from one house to the other. You're good at creating videos, help realtors create videos to sell their properties. Find a direct use case for the skill that you have to build their business. Don't just create some ambiguous product like, "Oh, I'm going to go and take photos." For who? Just general. No one's going to pay you for that. People don't care about a photographer. They do care about a wedding photographer. They do care about a business product photographer if you're helping e-commerce companies sell their products better. But a general photographer, you're not going to make any money. Step number five is buy income producing assets. Now listen, I'm just a random guy on YouTube. I'm not a financial adviser. Investing has risks.

[00:04:04]You're never guaranteed to make money when you invest. In fact, you will lose money at some point. So, make sure you always do your own due diligence and never blindly trust a random guy on YouTube. But, I like to invest for income. The majority of my investments are income producing investments, which means I buy something and it pays me to own it. You can compare that to a stock where I want to buy for $100 and hopefully I can sell it for $200. The problem is I don't make any money until I sell. And I don't make any money if it goes up to 200 and then I actually sell, which is fine for some people, but I prefer the income for most of my investments. That means every time I take this money and I put it to work, I'm getting paid back. The goal for me is to earn this income as passively as possible. There's really no such thing as passive, true passive income, but it can be kind of passive. So for example, if I invest in a dividend paying stock, this is where I'm investing in a company or a fund and this company's going to pay me generally every 3 months, meaning every quarter without me having to do anything. There are plenty of stocks, there are plenty of funds out there that do exactly that where they have this extra cash sitting in their bank account at the end of the year and instead of reinvesting this money back into the business, instead of saving that money, they just give it away to the owners.

[00:05:17]And who are the owners? The shareholders. and you can be a shareholder with as little as a h 100red bucks. So if you start taking that money and you buy this, hopefully the stock will go up in value, but also along the way they'll just keep sending you checks every 3 months. Now it's not actually a physical check. The money generally just gets deposited into a brokerage account, which I like to reinvest to buy more of that dividend stock or fund because now I just keep buying more cash flow. So I use this money to buy cash flow. When this pays me cash flow, I reinvest that to buy even more cash flow. And you can keep doing this until, well, whenever you're ready to start using this cash flow to pay your bills. The other one that I like is buying rental real estate. And the way this works is I'm going to go out and buy a property now with the goal of me actually living there myself, but to rent it out to someone else. And if you do this correctly, which yes, it is possible, you can put a tenant in the property.

[00:06:11]The tenant will then pay your rent. You can use that rental income to pay your property taxes, your insurance, your maintenance, your management fees, your property taxes, and your mortgage if you have one, and then put some money in your pocket every single month. It is difficult to get started. It takes way more work to get started. It takes more money to get started. It takes more headache to get started. You got to meet more people. But once you figure it out, it is 100% possible. I know this because I've been doing this for more than a decade now, almost 15 years now. So yes, it is possible. It is possible today as well. It is possible tomorrow as well.

[00:06:48]And it will continue to be possible.

[00:06:50]Sometimes you got to be a little more picky. It is difficult, but it is possible for the people that are willing to put in the work. If it was easy, everybody would do it, but it is possible if that's something that you're interested in. And the nice thing about rental real estate is in addition to the cash flow, you own a hard asset because you can see, feel, and touch the property. And you get a bunch of tax breaks as well that you don't get here.

[00:07:10]When you earn your money from dividend paying stocks, you do pay lower tax rates than if you would have earned that same amount of money from your job, but you don't get the same tax breaks that you would get from rental real estate.

[00:07:21]If you enjoyed this clip and you want to continue your financial education journey, I have another video that I think you'll love. All you got to do is click that button right over there. And for those of you who want to stay uptodate on the top finance and business news, you can join Market Briefs, my free financial newsletter, by clicking that button below. Thank you for watching and I'll see you in the next