The Blueprint to Making Money With $0 as a Busy Student!
Summary
TLDRThe video script offers a nine-step guide to financial success for ambitious individuals, especially students. It emphasizes the importance of efficient studying, finding a job for steady income, living below one's means, and acquiring a high-value skill. The speaker, Jun Yu, advises leveraging this skill to start a service-based business, creating protocols for efficiency, scaling the business, and eventually investing earnings to grow it further. The ultimate goal is to excel academically while building a profitable business, leading to significant financial and professional opportunities post-graduation.
Takeaways
- 💰 **Value of Hard Work**: The speaker emphasizes that success in business comes from hard work and not through get-rich-quick schemes.
- 📚 **Educational Empowerment**: The speaker shares their journey from being financially insecure to running a successful business while still a student, highlighting the role of education.
- 🔑 **Nine Steps to Success**: The speaker outlines a proven nine-step plan for achieving financial success and personal growth.
- 🎓 **Efficient Studying**: Step one is to study efficiently to free up time for other money-making endeavors.
- 💼 **Finding a Job**: The speaker advises finding a job as soon as possible to alleviate financial stress and gain work experience.
- 🏡 **Living Below Means**: It's crucial to live below your means to create a financial buffer and reduce stress.
- 🛠️ **Learning High-Value Skills**: Invest time in mastering a high-value skill that is in demand and has a high barrier to entry.
- 🚀 **Leveraging Skills**: Use the acquired high-value skill to start a service-based business and gain entrepreneurial experience.
- 📈 **Scaling Business**: Develop protocols to increase efficiency and scale the business by acquiring more clients.
- 💸 **Investing in Business Growth**: Once the business is earning a steady income, reinvest the profits to grow the business further.
- 🏆 **Academic Excellence**: Continue to excel academically while focusing on business growth to open up future opportunities.
Q & A
What is the main message of the video script?
-The main message of the video script is that with hard work, ambition, and following a structured plan, one can achieve financial success and freedom. It emphasizes that there is no get-rich-quick scheme and that success comes from consistent effort and strategic steps.
What are the nine steps mentioned in the script for achieving financial success?
-The nine steps are: 1) Study efficiently to increase free bandwidth, 2) Find a job ASAP, 3) Live below your means, 4) Learn one high-value skill for an extended period, 5) Leverage your high-value skill for a service-based business, 6) Curate protocols to increase efficiency, 7) Bring on a second client and rinse and repeat, 8) Once you reach $55,000, drop the job and focus on investing in your business, 9) Excel academically while continuously working on your business.
Why is it important to study efficiently according to the script?
-Studying efficiently is important to increase free bandwidth, allowing more time for other endeavors such as part-time jobs or developing high-value skills, which are crucial for financial success.
What is the significance of finding a job ASAP as per the script?
-Finding a job ASAP provides a steady income, which reduces financial stress and allows one to focus on other aspects of personal and professional development without the burden of constant financial worry.
How does living below your means contribute to financial success as described in the script?
-Living below your means creates a margin of error and allows for savings, which provides a safety net and financial security. It also opens up mental bandwidth for focusing on higher-value activities.
What does the script suggest as a high-value skill to learn?
-The script suggests learning content creation as a high-value skill due to its high demand in the market, the potential for organic reach, and the significant growth expected in the industry.
Why is it recommended to leverage a high-value skill for a service-based business?
-Leveraging a high-value skill for a service-based business allows early entrepreneurs to gain practical experience in business operations, client management, and scaling, which are valuable skills for future business endeavors.
What is the purpose of curating protocols to increase efficiency as mentioned in the script?
-Curating protocols increases efficiency by systematizing processes, allowing for better time management and the potential to delegate tasks to others, which is essential for scaling the business.
How does the script suggest one should handle their finances once they start making money from their business?
-The script advises to continue living below your means and not to increase expenses, even as business income grows. This allows for the accumulation of savings and investment capital to grow the business further.
What is the significance of excelling academically while working on a business as per the script?
-Excelling academically while working on a business provides a balance between formal education and practical experience. It opens up more opportunities post-graduation, allowing one to choose a path that aligns with their financial and professional goals.
Outlines
💼 Building Wealth Through Ambition and Hard Work
The speaker, Jun Yu, shares his journey from financial hardship to running a successful seven-figure business while still a student. He emphasizes that his content is not for those seeking a get-rich-quick scheme but for ambitious individuals willing to work hard and delay gratification. He outlines a nine-step process that has been proven to work, not just for himself but for many others. The steps are scalable, allowing individuals to earn extra income or potentially change their lives completely. Jun stresses the importance of not underestimating the effort required to achieve financial success and encourages viewers to take action and utilize the steps he provides.
📚 Efficient Learning and Early Employment
The second paragraph focuses on the importance of studying efficiently to free up time for other money-making endeavors. Jun suggests that students should find ways to optimize their learning process to succeed academically while having time for additional income streams. He also advises finding a job as soon as possible to alleviate financial stress and gain independence. Jun shares his own experiences with various jobs and emphasizes the benefits of having a steady income, which allows for better focus and clarity in other pursuits.
💸 Living Below Your Means and Acquiring High-Value Skills
In the third paragraph, Jun discusses the concept of living below your means to create a financial cushion and reduce stress. He suggests that even on a tight budget, one should aim to save and not spend all of their income. Additionally, he highlights the importance of learning a high-value skill, which is in high demand and has a high barrier to entry. Jun recommends focusing on one skill to mastery before considering others, as this will provide a strong foundation for future opportunities. He also encourages leveraging this skill to start a service-based business, which can be a valuable learning experience and a source of income.
🔄 Scaling Business and Academic Excellence
The final paragraph covers the latter steps of Jun's nine-step plan, which include creating protocols to increase efficiency, scaling the business by acquiring more clients, and reinvesting earnings to grow the business further. He suggests that once a certain income threshold is reached, it's time to drop the side job and focus entirely on the business. Jun also stresses the importance of continuing to excel academically while growing the business, as this opens up numerous opportunities post-graduation. He concludes by motivating viewers to take control of their financial future and apply the steps he has outlined.
Mindmap
Keywords
💡Ambition
💡Get-rich-quick scheme
💡Delay gratification
💡Seven-figure business
💡High-value skill
💡Service-based business
💡Efficiency
💡Living below your means
💡Financial leverage
💡Academic excellence
Highlights
The speaker emphasizes the importance of hard work and delaying gratification for long-term success, rejecting get-rich-quick schemes.
Shares personal background of coming from a financially challenged family and building a seven-figure business while still a student.
Outlines a nine-step system that has been proven to work for the speaker and many others, emphasizing scalability.
Advises on studying efficiently to increase free bandwidth and succeed academically, introducing 'The Learning System'.
Recommends finding a job as soon as possible to alleviate financial stress and gain independence.
Encourages living below one's means to create a financial safety net and mental bandwidth for other pursuits.
Suggests learning one high-value skill for an extended period to increase marketability and potential income.
Advocates leveraging a high-value skill to start a service-based business, providing hands-on entrepreneurial experience.
Stresses the importance of creating protocols to increase efficiency and scalability in one's business.
Details the process of acquiring and retaining clients to grow a service-based business.
Mentions the significance of investing earnings back into the business to increase efficiency and growth.
Provides a strategy for dropping a part-time job once a certain income threshold is reached to focus on business expansion.
Discusses the benefits of excelling academically while simultaneously growing a business for post-graduation opportunities.
The speaker shares insights on how to avoid living paycheck to paycheck and create financial leverage.
Emphasizes the importance of financial planning and the psychological benefits of having savings.
Provides tips on how to find a job quickly, even if it's not directly related to one's field of study.
Explains the concept of high-value skills and why focusing on one can be beneficial for career advancement.
Discusses the potential of content creation as a high-value skill and its relevance in today's digital economy.
Encourages viewers to take action and utilize the nine steps to change their financial situation.
Transcripts
I can help you make money and it's
because I've been in a position where I
hadn't made a single dime I had negative
money to my name I come from a family
that has no money at all and then to now
having a seven-figure business and
having done that while I was still a
student so I can teach you how to make
money but if you're looking for a
get-rich quick scheme if you're looking
to make $10,000 a month without ever
putting in hard work and without having
the ability to delay gratification just
leave this video you can leave my
Channel all together cuz my content
isn't for you my content is for those
that have high senses of ambition but
want to channel that energy in certain
domains and I can teach you how to do
that in nine steps and these nine steps
are going to be proven right they worked
for not just me but an ample number of
people that have been able to take
advantage of this type of system and if
you can do this and delay gratification
over time you will have tremendous
success and the best part about it is is
that these nine steps can be scaled as
much as you want so if you just want to
make a few hundred a month extra great
right that's going to help you pay your
rent that's going to help you pay your
car payments if you want to make a few
thousands of dollars a month great
that's going to be potentially
life-changing if you want to scale it
all the way to the point that I have at
the seven figure marker then you have an
opportunity to completely change your
life and the people around you as well
so these nine steps are going to be
tried and tested and I hope that you
utilize them make the most out of them I
really really have to harp on the fact
that this is not a get-rich quick scheme
because it be so disingenuous to my
previous experience and the life that I
grew up in I know what having no money
looks like I know what it feels like to
work for your money and I know what type
of hardship that uh is is accumulated
through that my parents went through a
nasty divorce Etc and I don't ever want
anyone to speak in that lens like it's
easy to make a a money overnight that's
not the case but if you're excited about
this video like I am CU you have the
ambition I'm really excited for you to
start taking action my name is Jun Yu if
you're new to the channel welcome if
you're returning welcome back it's no
surprise in today's economy and I don't
even just mean in the US but I mean
worldwide we see what's happening right
and if you're not curious opportunities
for yourself to make additional income
streams you're going to put yourself in
a disadvantage position eventually it's
just a matter of time until that catches
up to you and I don't just mean when you
lose a job Etc but I mean in a sense
where you need to provide yourself
enough leverage financially to curate
more opportunities and be able to go
into whatever job or industry eventually
right if you're constantly in this area
of not making enough money and living
from paycheck to paycheck what happens
is that you feel stuck you have limited
opportunity and I don't want you to feel
that way so making money is important it
shouldn't be everything but it's really
important that we have some transparency
around it so let's speak on the nine
steps if you have any questions at all
leave your comments below give this
video a thumbs up and of course
subscribe number one study efficiently
in order to increase your free bandwidth
everyone has finite bandwidth and your
day-to-day responsibility solely
revolves around school now school has
multiple erors to it so that means you
going to class doing your homeworks it
means studying for exams taking your
exams all of that right you need to do
do that more efficiently and still have
massive success in it so you can open up
your time for other endeavors and that's
why I've curated The Learning System and
that's why it's helped thousands of
students all across the world because it
does just that right it naturally embeds
High utility evidence-based techniques
across the four stages of learning so
you can make the most out of your time
while getting the best grades that
you've gotten so it's so important that
you utilize that learning system for
your own good and have the opportunity
to increase your free bandwidth step
number two find a job ASAP I know what
the cost of student life looks like it's
not zero right we pay for food we pay
for rent and especially University
Housing that's expensive we pay for
transportation and what happens so many
times is that if you're solely riant on
your parents or an external source of
money you have this massive stress onto
you and I understand it right like I've
been in that position and it feels like
everything's so out of your control and
because you're so stressed out about
that it bleeds into every other Endeavor
there's a lack of focus and Clarity in
your other Pursuits because it's taken
up so much of your mental bandwidth
instead if you can just go find a job I
don't care what the job is you can
humble yourself you can go find yourself
a service job I was a waiter at one
point I was a buser at one point um I
know what it feels like to do that I did
construction work I've I've done those
odd jobs I've also tutored I've also was
an admin for my dad's contracting
business I've done those jobs but it's
because I needed the money but find a
job go apply to 50 jobs in the next 3
days this is what we did with one of our
mentors actually in our mentorship
program I was like hey go apply to 50 JS
I know that you can do it because I've
done it go find a job ASAP so that you
have steady income in that you can
release that stress and yes you're going
to be working part-time but let's say
you're working 20 hours a week the 20
hours that you're in that job you can
think about that job you can work in
that job and that's better off than what
happens a lot of times is like you don't
get a job and you get so stressed out
about all this you start making poor
decisions financially it clouds up your
judgment for 24 hours a day 7 days a
week and that's not what we want for you
we want the steady income so go find a
job also just an additional point if you
could find a job preferably an
internship that's associated with your
degree that much better right even that
much better but those are higher in
competition so what I would say is go
find any job right now so you have the
steady income while still applying for
those internships and when you get that
you can let go of your current job and
then move into your internship so you
have that steady income while also
formulating the professional experience
that will help your resume so you can
explore more Cate options in the future
number three live below your means I'm
going to provide an extreme hypothetical
just so that we're all on the same page
if you're making $100 a month you should
not be spending $95 a month right you
should be spending around $50 a month or
$45 a month obviously that's going to be
very varying depending on how much money
you're actually making and what your uh
your Necessities are but you should be
having is this margin of error right
living below your means curates that so
if if you can create even a bigger
difference between your expenses and
what money you're bringing in you're
just curating more runway for yourself
right you're opening up even more mental
bandwidth you feel a little bit more
secured you feel a little bit better
about your situation right you're taking
care of more of your problems like you
feel better in that situation so that if
something was to go wrong you still have
savings to help you in that moment right
and so having that security I find to be
really helpful which probably means that
yeah you're probably not going to go out
and uh get as much coffee every single
day but you're probably not going to go
out on the weekends as much right you're
probably going to have to let go of some
of your subscriptions that you don't use
it's so important that right now you
build good financial habits and a part
of that is being very keen on what your
expenses are and then knowing from that
how much money you should be making Etc
but right now if you find a job you can
Li below your means that's a really good
first step for you to be able to then
have that runway for yourself as we
approach some of these other next steps
number four learn one high value skill
for an extended period of time and I
will provide my suggestion here but high
value skills I know that it can be
confusing but it shouldn't be it just
needs to be any type of skill in a
domain that you have any interest in
right literally if you want to go into
and you search it up you can say
biomedical engineering high value skills
you do some research and you might find
something like cloud computing or data
analysis right like those are high value
skills that are going to help you get
biomedical engineering jobs in the
future for me I didn't necessarily have
interest in that so I chose what I would
tell all of you to choose today is
content creation it's curating an online
audience through a personal brand
because you're making use of organic
reach and we see how much money is
funing into that type of domain and that
industry is expected to double it like
600 billion in the next 3 years it's
still early to do that and when I say an
extend a period of time it's because
high value skills have high period of
Entry they require a lot of time and
effort don't be the type of person to be
like oh I want to do X I want to do y I
want to do Z oh I'm the type of person
that could do it all you can't do it all
you have limited bandwidth just choose
one get really good at it then leverage
it for the future steps and in the
future if you want to pick up another
high value skill you can but there's no
point in you choosing like six different
skills right now and then not be able to
get good at any one of them before you
graduate because that defeats the
purpose of what I'm going to be teaching
you and that won't allow you to actually
leverage for more opportunity when you
need it number five leverage your high
value skill for a service-based business
I really find service-based businesses
to be such a great experience for early
entrepreneurs to gain the understanding
for the nuances involved in curating a
business right there's only so much you
can learn in a textbook or listening on
somebody's experience but actually going
out in the world and learning how to
pitch to a client and close a client and
maintain a client and then retain a
client it's very hard and then to do
that also extremely efficiently so that
you can continue to scale these are all
different types of experiences that you
will never get in a classroom setting
it's so important for you to learn those
skills so even if you go to a product
driven business in the future it's still
such a great learning experience for you
early where you can definitely make
money with a service based business and
you're going to be able to leverage
those skills that you learn and curate
more products if you want to go in that
world and experience it and then
potentially scale that but service based
businesses I find to be such a great way
to get outside of your comfort zone and
start making money pretty quickly if you
can take the time to create a high value
skill right so that's what I'm saying in
terms of high value skill high value
doesn't just mean something that you
think is high value but high value is in
it's a high demand in the market and
high demand in the market there's a high
barrier to entry so not anyone has the
ability just do that as a service right
so there's not much Supply that's where
you're able to generate um hopefully
some significant income and that's how
you do it right you find that skill and
you hunt that skill down you get really
good at it and step five you leverage it
for a service-based business number six
Cur rate protocols to increase
efficiency it's so important that now
that you've done the research and you've
executed and you've probably closed in
on your first else that's tremendous
tremendous tremendous work but now you
have to think about scaling right you
have to think about where is your time
being spent and how can you be more
efficient with it and how can you remove
yourself potentially from certain jobs
right so when you're first starting out
you're probably wearing every single hat
like I was right like I was pitching to
clients I was curating all the documents
I was trying to curate all the service
for them I was the one communicating
with them I was trying the one to even
create the legal documents and sign all
this over like that was a lot lot and
lot of work but at the end of the day I
could probably bring somebody on to help
me with that and I did eventually but if
I could create protocols around what I
was doing and how I could be more
efficient in it and practice with that
and try to continuously refine my
strategies when I do bring a talent on I
can give them that protocol and they can
do even a better job than I was doing
right or at least at the same level as I
was doing so it's really important that
you don't just execute but you take the
time to reflect and figure out what you
can refine better because that's really
important for our next step bring on a
second client and rinse and repeat right
so at this point you should have been
able to find your first clients um and
you would have closed them potentially
been able to retain them which would be
phenomenal work and then you have the
opportunity now to bring on a second
client or a third client or fourth
client and that's when you start to see
your income starting to substantially go
higher right what I would suggest is
that there are different ways to do this
in the future and I'm going to make
videos about that and I think that
curating free value in the very
beginning is important curating a
portfolio Etc is really important we'll
go over those steps in a future video
but when you do validate your business
model and you validate that what you
have is of need to a market don't be
afraid to charge substantial money for
it right this is the general overarching
view of what it it takes to actually do
this and if this doesn't scare you at
all I think that you're going to have
tremendous success in your business
moving forward step eight once you reach
$55,000 drop the job that you took on
for your steady income and focus
entirely on investing the money that
you've made up to this point and making
your business even bigger making your
business a little bit more efficient and
so when I say invest into your business
I don't just mean make your business
bigger but if you want to curate more
free time for yourself maybe you bring
on more Talent right so you invest back
into the business so that you have more
people on your team that handles it and
you can completely remove yourself from
the daily operation and still be able to
generate the same amount of steady
income and that's why it's so important
that in no part of any of these steps
prior did I say to start increasing your
expenses right because I said you should
live below your means after generating
um steady income from a side job so you
have that you should have had that
margin of error continuously grow and
compound over time as you started making
money with your business but still
you're living below your means now you
have this whole chunk of money where you
have an opportunity to really invest
into making your business the best that
it can be but this is that magical
moment where you you're feeling like wow
like all that hard work is starting to
pay off but that takes a long time and
if done right though it can be
incredibly powerful cuz at this point
you're have so much leverage for such
great opportunities in the future step
nine Excel academically still while
continuously working on your business
and you will have so many so many so
many so many cool opportunities for
yourself once you graduate financially
you've now curated The Leverage to do
whatever you want in the sense where if
you don't want to be stuck in a job just
because your major was in it you have
that opportunity to say no and do
something different you can even solely
work on your business still and
continuously expanding upon that you
have the opportunity now to have
generated those skill sets in the
business realm to combine it with your
degree and really become a standout
candidate in the discipline that you
studied for you have these opportunities
that 99% of the people would never have
right and that's because you did the
hard work of these nine steps across
your schooling and I promise you it's
possible because I've done it and I
really hope that my story inspires you
to believe in the fact that these nine
steps truly work and again if you're
somebody extremely ambitious this is
great information right you are somebody
that has all this energy you just want
to channel it into uh certain Endeavors
now you have that you have the formula
to do it so go out there and do it we'll
create more videos in the future if you
have any questions about you know
specific topics that we might have
spoken about throughout these ninth stes
I know that um this might have been a
little bit uh very very fast-paced I'd
be more than happy to create more
nuanced videos or if it's a different
topic in the realm of business whether
you're a student or actually I think
that this video the nine steps is
certainly going to apply even if you are
a working professional too right it just
is going to be slightly different but
the nine steps apply it's about taking
action it's about taking control of your
current situation cating as much runway
or that margin of error as I spoke about
and then formulating those opportunities
with One Singular high value skill
leveraging for service based business
scaling it to the point that you want to
and then continuously excelling in the
profession that you're in and then
you're going to have even more
opportunities in the future so I think
it works in whatever domain or whatever
stage of life you're in so I hope that
this video was enjoyable for you and
that you learned a lot thank you guys so
much give this video a thumbs up and of
course subscribe until next time please
take care and I love you guys see you at
the top
[Music]
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