Ladies and gentlemen .
Everyone wants to know how to make $10,000 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 $10,000 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 that link will take you to my most popular video so far this year on youtube , that video breaks down the 7 to 8 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 $10,000 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 $10,000 a month as a student .
Now , I will say that $10,000 a month and I'm really not trying to be insensitive here .
I understand that I was a fringe case .
I hit $10,000 a month when I was 17 years old , but I'm gonna talk about that a little later on in this video and how I actually got to that place .
I hit $10,000 a month when I was 17 years old .
And by the end of that year before I turned 18 , I was hitting 30 to $40,000 a month .
So I'm speaking here from experience , you need a vehicle a way that you can make that sort of money , but 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's 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 $10 free , blah , blah , blah .
When you lose money , that's actually where they make money .
They don't make money on the little $10 or $20 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 $1000 for you to take $1000 and turn that into 10 or 20,000 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 $1000 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 gonna 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 9 to 5 .
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 .
And what I mean by that is profit that you can actually use because here's the other thing I'm gonna tell you , people always look at net worth .
They go , oh , he has $100 million net worth , but his entire net worth is in his company and he can't take out 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 Ecommerce 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 OK .
It's my smallest business .
It makes around 1.2 to $1.5 million 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 5000 to 10,000 units , I may only get that in 345 months depending on the time of the year .
So even though someone would look at him and go , that's a $1.5 million a year business at 50% margins , you never actually get to keep that profit because you always have to reinvest into the business .
And that is very different to , 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 tiktoks 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 ecommerce brands as an example .
Listen , whatever the service is , it needs to have one of two things high perceived value to the client .
And 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 $1000 a month , $3000 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 $10,000 a month , you need to hire people below you who work as coaches .
And that way you're an online personal trainer and you do some of the coaching , but then you may have coaches underneath you , you know , personal trainers that work at local gyms and you just pay them a small fee and they do the rest of 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 .
But if you can hire someone in Brazil , Romania , India for $1000 a month , which is a great salary there , especially remotely .
And their work is able to produce 34 $5000 a month in terms of business for your thumbnail agency or for your thumbnail , performance , marketing , business , whatever you want to yourself .
The point is 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 10-K a month just as a solo prene or more realistically , you'll be able to do it so low until 34 $5000 a month .
And then you need to start using leverage and you need to maybe 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 gonna make $100 million .
I'm gonna be very honest with you , but the other thing that you're not gonna do is you're not gonna go broke .
And that's the unfortunate thing 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'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 model that gets you to $10,000 a month .
And by the way , I actually managed to get my service based business up to 100 and $50,000 a month in profit can 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 , no office , I was pretty happy with that .
So as I was saying , the business that gets you to 10-K a month will not necessarily get you to $100 million .
But that's ok .
Baby steps here , choose the right vehicle for the right career stage you're at and then the next component to making $10,000 a month , once you find the right vehicle is stretch out the timeline .
And 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 $4000 a month without having to go to a traditional 9 to 5 .
You would think that you are a king .
You would think that you're a ball or you would think that you are killing it and we live in such a fucked up world where now you look online and you think I'm 21 years old and I don't work a traditional 9 to 5 and I have location freedom and I have time freedom .
I can wake up whatever I want .
But I'm only making $4000 a month .
I'm not making $10,000 a month and you feel depressed because of it .
How fed up is that ?
And 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 unreal stick and 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 wanna call it , whether you're a person of faith or not 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 out on youtube .
So you need to understand .
I started my first business , my first venture and at that point , you know , it was really more of a side hustle , but still , I was making a few $1000 a month back in 2014 .
And granted , I only did that for a few months and then that business mall stopped working and then 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 hit my 1st $10,000 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 the back in 2014 , I didn't have the opportunities that you can have today .
Even things like getting payment processors was so difficult back then .
It was , 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 ?
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 $10,000 a month , set your expectations , not in months , but in years .
Don't think how many months is gonna take me think 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 and if your expectations are oh within six months .
You know , I was expecting to be doing $7000 already and you're only doing $1200 from your online business , dude .
You're making $1200 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 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 the point where I have a conglomerate of businesses and over 100 50 employees , the way it works is usually something like this .
It goes like this and you flat line for the longest time .
And right as you're thinking like , am I just going to be stuck here forever ?
It shoots up and then you flat line , 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 quit before you even properly try .
Now , the last component to making $10,000 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 10-K , but what happens once you hit 10-K , you see the third component is not just getting there , it's staying there .
You see making $10,000 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 guys , you may be looking at this and going , ok ?
Well , it's easy for you to say , but trust me , you'll , you'll understand in due time making $10,000 a month is the easy part continuing to make $10,000 a month .
That's where it gets difficult and also keeping that money and then multiplying it growing your wealth over time .
And 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 $10,000 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 craziest thing is we all have financial baselines .
You know , for me , I remember when my baseline was $1000 a month and this around six years ago , I was still in school at this point .
And that doesn't mean what you're trying to make , 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 .
And I remember when it went from $1000 and then went to $5000 and then went to $10,000 and listen , since then , I've been very blessed to have an amazing career and it's gone up to $100,000 a month and now a million dollars a month .
And , you know , God willing at some point , it'll be a few million dollars a month and that will be my absolute baseline .
I can't even conceive a reality where it's less than that .
So the point I'm trying to make is once you get to 10-K a month .
It's more than about making it an identity .
It's more than about making that as 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 would be like this isn't me .
I'm , I'm better than this .
So number one is get to 10-K a month and once you get there , make it your financial identity and once that is solid and that's 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 I'm rooting for you .