Do THIS to Make $10,000 as a Student

Ladies and gentlemen, absolutely everyone wants to know how to make ten thousand dollars a month as a student. The only issue is there's a lot of BS out there. There's a lot of misinformation, and there's a lot of people making it seem a lot easier than it actually is.

So in today's video, I'm going to break down the three main components you need to focus on in order to make ten thousand dollars a month as a student. Now, in this video, I'm going to give you the three main components, but after you finish watching this video, I'm going to leave a link in the description, and that link will take you to my most popular video so far this year on YouTube. That video breaks down the seven to eight most popular online business models and will help you break down and figure out what will work the best for you this year.

Now, the first thing you need in order to hit ten thousand dollars a month as a student is the right vehicle. And let me tell you what I mean. You see, the thing is, you need a means; you need an opportunity that is big enough but not too risky.

You can actually achieve ten thousand dollars a month as a student. Now, I will say that ten thousand dollars a month, and I'm really not trying to be insensitive here, I understand that I was a fringe case. I hit ten thousand dollars a month when I was 17 years old, but I'm going to talk about that a little later on in this video and how I actually got to that place.

I had ten thousand dollars a month when I was 17 years old, and by the end of that year, before I turned 18, I was hitting 30 to 40 thousand dollars a month. So I'm speaking here from experience. You need a vehicle, a way that you can make that sort of money but in a way in which you're not going to risk losing all of the money that you do have.

So the first thing that I will tell you is, trading is out the window. I'm going to be very honest with you. There are a lot of traders out there that are trying to sell you BS, because when you sign up with their little affiliate link and you get your ten dollars free, blah, blah, blah, when you lose money, that's actually where they make money.

They don't make money on the little ten dollar or twenty dollar sign-up that they get when you join. They make money when you lose. They're literally incentivized for you to lose, and listen, that's just the honest truth of it.

Even if you have a thousand dollars, for you to take a thousand dollars and turn that into ten or twenty thousand dollars in a single year is actually very difficult. The amount of successful trades—the average of all those successful trades—is very, very difficult. Whereas for you to take a thousand dollars and invest that into starting a very lean online business, I mean, by the end of the year, you're talking tens of thousands of dollars.

I don't think realistically you're going to hit hundreds of thousands of dollars in your first year. It happens sometimes, but it's very unrealistic. But definitely by the end of the year, you should be making more than your average salary if you were just working a traditional nine-to-five, and the best part is you should be able to do it remotely.

So in order to make money, you need something that spits out free cash flow. What I mean by that is profit that you can actually use. Because here's the other thing I'm going to tell you: people always look at net worth.

They go, "Oh, he has 100 million dollars net worth," but his entire net worth is in his company, and he can't take money out of his company because he may have investors or this or that, or you have certain people, for example, a lot of people in the property game, where they have a lot of money; their portfolio is worth a lot, but they're not very cash-rich. They don't actually have a lot of cash laying around. They're wealthy, but their money is tied up in places, and that's not the place that you want to be at when you're first starting a business.

So a lot of businesses, like for example building a proper e-commerce brand—and by the way, when I say proper e-commerce brand, once again, I'm speaking from experience. I've had an eyewear company for a few years, and the thing is, the packaging, everything is beautiful. We've got this beautiful black velvet finish on the inside.

So this business is okay; it's my smallest business. It makes around 1. 2 to 1.

5 million dollars a year, and that sounds great until you realize that we have 50% margins. So I'm only keeping 50% of that money, and it's even worse when you realize that any of my profit that I make, I can't keep. I have to roll that into new stock because especially a product like this is actually very difficult to make.

So for me to put in an order now of another five thousand to ten thousand units, I may only get that in three, four, or five months, depending on the time of the year. So even though someone would look at it and go, "That's a 1. 5 million dollar a year business," at 50% margins, you never actually get to keep that profit because you always have to reinvest in the business.

And that is very different from, for example, a service-based business. So if you're offering a service to clients, whether that be building their marketing funnels, whether that be doing their short-form content, you know, little short form. .

. Tick tocks and reels and doing lots of those, and creating many accounts for them, and distributing it all over the internet— all the way to doing, for example, their Google Ads, and focusing specifically on Google Ads for e-commerce brands. As an example, listen: whatever the service is, it needs to have one of two things: high perceived value to the client.

What I mean by that is it needs to be something that they're like, "Oh wow, this is actually worth it! I'm more than happy as a business to pay this external consultant or service provider a thousand dollars a month, three thousand dollars a month, you name it. " Or, it needs to have high leverage, and what I mean by that is, listen: you can still be an online personal trainer, but if you want to make ten thousand dollars a month, you need to hire people below you who work as coaches.

That way, you're an online personal trainer and you do some of the coaching, but then you may have coaches underneath you—personal trainers who work with local gyms—and you just pay them a small fee, and they do the rest of the coaching. So that’s leverage. Or, let’s say you have an agency that creates YouTube thumbnails for people.

Thumbnails on YouTube are such an important aspect to video, but people don't pay crazy amounts for thumbnails. However, if you can hire someone in Brazil, Romania, or India for a thousand dollars a month, which is a great salary there, especially remotely, and their work is able to produce three, four, or five thousand dollars a month in terms of business for your thumbnail agency or thumbnail performance marketing business—whatever you want to call yourself—the point is that that is leverage. That’s you being able to take something off your plate.

So either you need to offer a service or guidance consulting on something that brings so much value to businesses that you can actually make 10K a month just as a solopreneur, or more realistically, you'll be able to do it solo until three, four, or five thousand dollars a month. Then you need to start using leverage, and you may need to make a little less on the margin but make far more money at the end of the month because you have people who can deliver these things for you. So just remember, with the business models that I’m talking about, you’re not going to make 100 million dollars.

I'm going to be very honest with you. But the other thing that you're not going to do is go broke, and that's the unfortunate situation with a lot of these other businesses. For example, I'll give you my main business: my software company.

That is a business that gets into the multiple nine figures, and that's all cool and fine and well, but you need to realize there's a big chunk of money needed that I had to put forward to start the company, and that's number one. But then I had the massive competitive advantage of a massive audience, and even me, it took me four years to be like, "Listen, I'm not ready. I don't feel like I have the skill set, the understanding, and the sort of influence to start a business worth hundreds of millions of dollars.

" So what did I do? I started a service-based business back in 2016, and I ran that business for six years. So just remember, the business that gets you to ten thousand dollars a month—by the way, I actually managed to get my service-based business up to 150,000 a month in profit.

I could never get further than that; I tried. I’m sure someone else has been able to do it, but for the way that I wanted to run it, which was lean, remote, and no office, I was pretty happy with that. So, as I was saying, the business that gets you the 10K a month will not necessarily get you to a hundred million dollars, but that’s okay: baby steps here.

Choose the right vehicle for the right career stage you’re at. Then the next component to making ten thousand dollars a month, once you find the right vehicle, is to stretch out the timeline. Here is the very unfortunate thing about social media: you see, 20 years ago, if you were, let’s say, 21 years old and you were making four thousand dollars a month without having to go to a traditional nine-to-five, you would think that you are a king.

You would think that you're a baller; you would think that you are killing it. Now, we live in such an up world where now you look online, and you think, "I'm 21 years old, and I don't work a traditional nine-to-five. I have location freedom, and I have time freedom.

I can wake up whenever I want, but I'm only making four thousand dollars a month. I'm not making ten thousand dollars a month," and you feel depressed because of it. How up is that?

By the way, I even know that I have a part to play in that because what I’ve been able to do in my career at my age is not normal. But that's why I always like to tell people that, listen, what I've done is very unrealistic. A third of it was incredible dedication and hard work, a third of it was timing—creating the right businesses at the right time—and the last third of it was luck or God, or whatever you want to call it, whether you’re a person of faith or not; that’s up to you.

So I like to make that very clear to people, and then I also like to point people back to 2015, when I was broke and… I was starting a business to take care of me and my single mom, and I was going to the gym every single day and recording it. I was reading a book a week and putting it out on YouTube. So you need to understand, I started my first business, my first venture.

At that point, you know, I was really more of a side hustle, but still, I was making a few thousand dollars a month back in 2014. Granted, I only did that for a few months, and then that business model stopped working, so I moved to the next thing. But really, the point is, I was putting in work between 2014 to 2017, and it took me three years to have my first ten thousand dollars a month.

And that's totally fine; that's actually pretty cool! If you work as hard as I did, do I think it will take you three years? No, because it’s so crazy.

The internet moves so quickly. Back in 2014, I didn’t have the opportunities that you can have today. Even things like getting payment processors were so difficult back then.

It was such a struggle to even just try to do business being a 14-year-old, whereas these days you have so many more options. So, do I think it will take you three years? If you really dedicate, pick the right vehicle, and follow all of the advice that I give you in this video, do I think that it will take you three years?

No, honestly, no. But even if it does, who cares? I really cannot stress how vital it is that you set your expectations to making ten thousand dollars a month.

Set your expectation not in months, but in years. Don't think about how many months it's going to take you; think about how many years. Now, here's the thing: if you achieve it quicker, bless you!

That's amazing. I'm over the moon for you. And listen, try to get rich faster, of course; do it!

Wealth needs to be built slowly, and wealth is built over time. But try to get rich; try to make as much money as you can, ethically and morally, that is. But at the end of the day, I'm trying to set these expectations for you.

Because here's the thing: many of you guys will try, and let's say you're giving your absolute best for six months. If your expectations are, "Oh, within six months, I was expecting to be doing seven thousand dollars already," and you're only doing twelve hundred dollars from your online business, dude, you're making twelve hundred dollars online! Do you realize how amazing that is?

And here's the beautiful thing: when it rains, it pours. And by the way, that also applies negatively and positively in life. And the point here is this: this is usually how business works, and this is what I can tell you now, coming up to 10 years since I started my first side hustle, and getting to a point where I have a conglomerate of businesses and over 150 employees.

The way it works is usually something like this: you flatline for the longest time, and right as you're thinking, "Am I just going to be stuck here forever? " it shoots up. Then you flatline again, it shoots up, and by the way, within these points you have little down moments and stuff like that.

But the point is, there’s a lot of flatlining, there's a lot of you getting to a new level in life, and then really cementing it—really setting that foundation. So I wanted to make this clear, and I wanted to make this one of the other components, just so that way your expectations are clear, they're in the right place, and so you don't quit before you even properly try. Now, the last component to making ten thousand dollars a month, and it's kind of like if you're running a marathon, I would much rather tell people that, "Hey, on Mile 18, that's really going to be the tough mile.

That's really where things are going to get rough," because at least when you face something, if you have context beforehand, it makes it a little easier, and you feel less alone. So, I want to give you guys context, not only for how to get to 10K, but what happens once you hit 10K. You see, the third component is not just getting there, it's staying there.

You see, making ten thousand dollars a month—and once again, I'm really trying my best not to be insensitive here—I get it. I have done it; I’ve witnessed thousands of people do it, even in my close proximity. So I know that for me, it may seem easier than for you guys.

For some of you, you may be looking at this and going, "Okay, well it's easy for you to say," but trust me, you'll understand in due time. Making ten thousand dollars a month is the easy part. Continuing to make ten thousand dollars a month—that's where it gets difficult.

And also, keeping that money and then multiplying it, growing your wealth over time. Rather than acting like some new money idiots, learn from old money. Even in my situation, even though I am new money, I knew from day one that I would make it.

But I always promised myself that I would study old money to understand how to actually keep it and multiply my wealth. So, the third component of making ten thousand dollars a month is understanding that once you get there, you're not done. That is actually simply just the beginning.

Now it is time to cement your place, have that as a baseline. And the crazy thing is, we all have financial baselines. You know, for me, I remember when.

. . When my baseline was a thousand dollars a month, and this was around six years ago, I was still in school at that point.

That doesn't mean what you're trying to make or what you're aiming to make; it just means if you go below that point, it will keep you up. You're like this; it doesn't match your identity. You're like, "This isn't me.

" I remember when I went from a thousand dollars to five thousand dollars, and then to ten thousand dollars. Since then, I've been very blessed to have an amazing career, and it's gone up to a hundred thousand dollars a month and now a million dollars a month. You know, God willing, at some point, it'll be a few million dollars a month, and that'll be my absolute baseline.

I can't even conceive of a reality where it's less than that. So, the point I'm trying to make is, once you get to ten thousand dollars a month, it’s more than about making it an identity; it’s more than about making that your baseline. As I said, your financial identity is not what you're aiming for; it's where anything below that and you would just feel off.

You’ll be like, "This isn't me; I'm better than this. " So, number one is to get to ten thousand dollars a month, and once you get there, make it your financial identity. Once that is solid and locked in, then you can keep working your way up the ranks.

So, ladies and gentlemen, I hope this has been useful to you, and as always, I'm watching you from afar and rooting for you.