The 5 Stages of Making Money as a Man (watch or stay poor)
Summary
TLDRThis video outlines the five stages of income progression for men, starting from basic jobs (Tier 1) to running a successful business (Tier 5). It discusses each stage in detail, including how to transition between them, with an emphasis on acquiring skills and starting side hustles. The video encourages viewers to strive for financial growth through skill development, career advancements, and entrepreneurship. It also highlights the importance of sales and communication skills, especially for those aiming to build a business and reach higher income levels.
Takeaways
- 💼 **Stage One: Job** - You're making tier one income, stuck in a job with limited growth potential, often involving unskilled labor.
- 💰 **Financial Struggles** - In stage one, thousands of dollars feel like a lot, and there's constant financial stress with no real security.
- 🚀 **Escaping Stage One** - The mindset should be to quickly move out of this stage by cutting unnecessary spending and investing in opportunities for advancement.
- 🛠️ **Stage Two: Career Money** - Here, you're in a career that allows for tier two income, with potential to reach tier three or even four in rare cases.
- 💹 **Career Impact** - A career job can significantly change your financial situation, providing stability and the ability to save and invest.
- 💬 **Dating and Career** - A career job can improve dating prospects as it signals ambition and potential for growth, making one more attractive to potential partners.
- 🔧 **Stage Three: Skill Acquisition** - This is a critical but often skipped stage where you acquire the skills necessary to start your own business.
- 📈 **Growth Through Learning** - Continuous learning and skill acquisition are essential to move from a side hustle to a full-fledged business.
- 🔗 **Stage Four: Side Hustle** - Starting a side hustle while working a day job can lead to tier two or three income, and eventually to a business.
- 🌐 **Digital Side Hustles** - It's advisable to start with digital services for side hustles due to lower costs and easier scalability.
- 🏢 **Stage Five: Legit Business** - A legitimate business can generate tier four or five income, with no upper limit on earnings.
- 📊 **Scaling a Business** - Once you reach tier four income, you can scale your business through systems, hiring, or raising prices to command a premium.
- 💌 **Sales as a Skill** - Sales is a critical skill for success in any stage, from dating to business growth.
Q & A
What are the five tiers of making money described in the video?
-The five tiers of making money described in the video range from having a basic job (tier 1) to running a legit business (tier 5). Each stage represents a progression in financial independence and earning potential.
What is considered a 'stage one' job, and why is it a trap?
-A 'stage one' job is characterized as unskilled labor or low-paying work, such as retail, valet, or moving jobs. It’s a trap because it provides just enough income to get by but never enough for financial security or growth.
How does reaching 'stage two' (career money) change a person's life?
-Reaching stage two means getting a career job with a skill, which allows someone to earn more income, feel more financially secure, and gain confidence. The speaker mentions that this stage significantly improved his lifestyle, allowing him to save money, buy a car, and attract more serious attention from potential partners.
What mindset is required to move from stage one to stage two?
-To move from stage one to stage two, a person needs to focus on acquiring a valuable skill. They should cut unnecessary spending and invest in education or training to qualify for better-paying career opportunities.
What skill does the speaker recommend for those looking to advance to stage two?
-The speaker recommends learning sales, as it is a valuable skill that pays well and can help in other areas, such as communication and starting a business later on.
Why is skill acquisition (stage three) so crucial for starting a business?
-Skill acquisition is crucial because without a high-demand skill, a person cannot run a successful business. The speaker emphasizes that jumping into business without a skill will not lead to financial success.
What was the speaker’s first side hustle, and how did it contribute to his success?
-The speaker’s first side hustle was self-publishing eBooks on Amazon. This side hustle eventually generated $2,000 to $4,000 per month and combined skills he had developed, such as sales and personal training knowledge.
How does a side hustle differ from a legit business (stage five)?
-A side hustle operates on a small scale, often generating tier one to tier three income, while a legit business reaches tier four or five income, allowing for scalability, paid advertising, and potentially hiring others to handle work.
What is the importance of sales and communication skills in reaching higher income tiers?
-Sales and communication skills are crucial in every stage of financial progression because they help attract clients, close deals, and create growth opportunities, whether in a side hustle or a business.
What advice does the speaker give to people who are introverted and struggle with communication?
-The speaker acknowledges that introverts may struggle with communication and sales but emphasizes the importance of learning these skills. He suggests watching related content and practicing techniques to improve.
Outlines
🧗 Moving Through the Five Stages of Income
This paragraph introduces the concept of the five tiers of making money as a man. The speaker encourages viewers to identify which tier they are currently in and which tier they would like to reach. The stages represent a progression in financial and career success, starting from a basic job to building a business. The speaker shares his own experience of starting at a low-paying valet job and emphasizes that every person, rich or poor, has gone through these stages.
💼 Breaking Free from Stage One
This section discusses Stage One, where people work unskilled jobs that cap their income at the lowest tier. The speaker recounts his own experience working at a restaurant as a valet and doing other low-paying jobs. He explains that while these jobs provide just enough to get by, they trap workers in a cycle of financial instability, limiting their ability to build wealth or security. The key message is that to move beyond this stage, one must invest in skills and opportunities that will allow for advancement to higher stages.
🚀 Career Growth and Stage Two Success
Stage Two is all about securing a career that enables one to earn tier two income or higher. The speaker shares how his first career as a software engineer, making $60,000 a year, transformed his financial situation. With this income, he was able to save money, buy a car, and attract more high-value partners. The speaker advises that while social media often promotes entrepreneurship as the only path to success, building a solid career with valuable skills is a legitimate and rewarding route.
🏗️ Skill Acquisition: The Key to Stage Three
In Stage Three, the focus shifts to skill acquisition, which the speaker says is essential for those looking to start their own business. This stage can be frustrating because it doesn't directly result in income, but it lays the foundation for future success. The speaker emphasizes that skipping this stage often leads to failure. He shares his own journey of acquiring skills in personal training, sales, and video editing while working his software job. These skills later helped him transition to a successful career in personal training and, eventually, entrepreneurship.
💻 Starting a Side Hustle
Stage Four is when the individual begins a side hustle, often while still working a full-time job. The speaker explains that side hustles start small but can grow into something more significant. He shares his first successful side hustle: writing and publishing eBooks on Amazon. He encourages viewers to start with digital products or services to avoid high startup costs and other barriers. The speaker also suggests that video editing is a promising side hustle in 2024, given the high demand for content creation.
🏢 Building a Legitimate Business
Stage Five is the transition from side hustle to a legitimate business that can generate tier four or tier five income. The speaker explains that a business becomes legitimate when it makes over $80,000 a year. He shares the story of his clothing brand, Edge Lifestyle, which began as a side hustle and later scaled into a million-dollar business. The key to growth, he says, is developing systems, hiring people, and leveraging skills like sales and marketing. He encourages viewers to follow the same predictable system to move from one tier to the next.
Mindmap
Keywords
💡Stage One
💡Stage Two
💡Skill Acquisition
💡Side Hustle
💡Career Money
💡Sales
💡Financial Security
💡Unskilled Labor
💡Tiered Income
💡Entrepreneurship
Highlights
There are five tiers of making money as a man, with progression required through each stage.
Stage one is having a job where income is limited, and most people begin here. Examples include valet jobs, retail, and other unskilled labor.
Every millionaire has gone through stage one, which is essential, but it is important to move out of this stage as soon as possible.
Stage two involves having a career where more money can be earned, like the speaker’s software engineering job, which paid $60k per year.
With a career in stage two, financial stress is reduced, confidence increases, and more opportunities open up in personal life and dating.
Some people may prefer to stay in stage two for stability, learning a valuable skill and getting paid by others rather than running their own business.
Stage three is skill acquisition. It's necessary to learn new skills in order to advance beyond stage two and possibly start your own business.
Learning sales is crucial in stage three for personal trainers or business owners, as it directly impacts income potential.
Developing skills in video editing, personal training, or coding can provide a foundation for starting a business.
Stage four is starting a side hustle while maintaining a job or career, which could eventually lead to full-time self-employment.
Examples of side hustles include self-publishing eBooks or offering video editing services.
Starting a digital service side hustle, like video editing, is more affordable than selling physical products, which require higher costs.
Stage five is turning a side hustle into a legitimate business, which can generate tier four or five income.
Scaling a business requires proof of concept, creating systems, and hiring employees to manage growth.
The progression through the stages is systematic, and learning sales and communication skills is key to succeeding at each stage.
Transcripts
little bit of a different setting here
at the Airbnb in Marb let's get it look
there are five tiers of making money as
a man you can see them visually on the
screen now I want you to identify
looking at them now what tier are you
currently in and where would you like to
be because in this video we're going to
take a look at the different stages you
must progress through in order to reach
that top tier so regardless of where you
are now you will know exactly what needs
to be done in order to make that jump to
the next level stage one I got a job so
if you're in this stage right now you're
only capable of making tier one income
nothing above that is going to be
possible that being said every
millionaire that you know and every poor
person that you know as well has
experienced the stage we all have to go
through it so for example I used to work
a stage one job as a valet working for
restaurants in downtown Boston parking
the customer cars and I think I made
like $4 an hour which is [ __ ] but there
were good tips like some nights I'd come
home with1 or
$250 in cash in my pocket and that felt
good when you're in stage one thousands
of dollar feels like a lot of money like
if I told you I was going to deposit
$3,000 into your bank account right now
and you're in stage one that's a game
Cher for you that's a big day some other
stage one jobs I've done in the past
include working a retail job at a
sporting goods store selling people
tennis shoes and also doing moving jobs
you know moving furniture and [ __ ]
around and the issue with these types of
jobs is that they are a [ __ ] trap
you're only making enough money to keep
getting by of course you have to keep
making that money you won't be able to
pay your paychecks but you're never
making enough to
truly exhale and have security at that
point I had naturally lower confidence
with women because I know they wanted a
guy making more money than me I also
didn't even have enough to take them out
on dates really and just in general I
had lower self-esteem at that points
because I felt less than other guys that
were making more than me I want you to
think of this basically as unskilled
labor you're working a job that anyone
else can do but that's not always the
case because maybe you're a personal
trainer and even you're quite skilled
but you're working for a local gym where
you're only able to earn you know $25
per hour even if you're really good in
that environment you're still going to
be stuck in stage one if you're here
right now the mindset needs to be moving
out of this stage as fast as humanly
possible I would basically cut all of
your spending that is not 100% necessary
and only invest into opportunities help
you advance to the next stages stage two
career money so if you're in this stage
you're working a career that allows you
to reach tier 2 income and in most cases
you can advance to tier three income and
in some rare cases you can even get to
tier four for myself this is when I
landed my first career job as a software
engineer making around 60k per year was
the starting salary I had and bro
immediately this changed my life even
after a few months I was saving up
thousands and thousands of dollars in my
bank account for the first first time
ever and it felt good man no longer was
I constantly stressed about finances I
had money to go on trips when I wanted
to [ __ ] that's when I bought my first
car and with my dating life this is when
I finally unlocked access to like truly
attractive women because when you have a
stage to Career they're actually going
to [ __ ] take you seriously now yeah
from a girls perspective this is
literally the first question we ask on a
first date what do you do for work and
if he has a stage one job he's working
at a coffee shop or a Target like it's
not very attractive because there's
nowhere to go from there you're not
going to be making a lot of money she's
not going to feel super secure and safe
with you but if you have a career job
immediately she starts like playing her
mind like oh he's on a mission he can
work his way up and make more money he's
a high value man and is just way more
attractive yeah and in 2024 I think a
lot of men are getting this message from
the internet and social media that if
I'm not running my own business then I'm
not a high value man but if we're being
real some of us prefer to learn a skill
and then to get paid by somebody else to
do that skill well some of us value
having that structure it just feels
helpful for us and we're not interested
right now in having the additional
stress and responsibility of creating
and managing a business but you got to
have a skill to get to stage two without
a valuable skill you're always going to
be stuck in stage one now one career I
recommend to many guys is sales because
it's a valuable skill that will help you
down the line if you do start a business
it can also be one of the highest paying
careers and it helps you level up your
communication skills which is crucial
for dating so if you're currently
working a stage one job and you want to
advance to a stage two career a quick
and affordable way to make that happen
without any prior experience or college
degree is with course careers the
sponsor of today's video basically the
way it works is you go through an online
course that teaches you everything
required in order to land your first
entry-level position in that career for
example one of their recent graduates is
Josh he was a 21-year-old Dropout
working at Target then he took the
course careers technology sales course
that allowed him to get hired by a large
Healthcare technology company making 70k
per year and within 1 year he was
promoted and is now making over 100k a
year working fully remotely so if you
want to check that out you can click the
first link in description to go to
course careers you can see the different
courses that they offer and start one of
their completely free intro courses
today click that link check it out now
before we advance to stage three I want
you to think of stages 1 and two being
connected and then separately stages
three 4 and five being linked together
as well they're kind of separate from
each other but at the same time they're
not you see stages 3 4 and five are for
men who right now feel the next correct
step is to start their own business for
me this happened about 1 year after
working that software engineering job I
just got this itch that I wanted to
create my own path I wanted to start
doing my own thing versus being paid by
someone else even if it meant that at
first I made less money that's just what
I wanted to do so for those of you who
feel the same way maybe you're working a
stage two career like I was maybe you're
still working a stage one job but you
want to make that leap well you can it's
possible but only if you implement the
next stages in this exact order there
are no shortcuts here stage three skill
acquisition so this stage is probably
the most frustrating one because you're
not going to make any money directly in
stage three because of that a lot of
guys try and skip this and go right to
stage four I tried to skip it at first
but it doesn't [ __ ] work if you want
to have your own business it must be
done so look in order to land that
career as a software engineer I had to
First have the skill of knowing how to
code as we explored without a high
demand skill you will never make more
than tier one income a business owner is
never going to pay you any real money
well guess what in order to start your
own business you better [ __ ] have a
skill as well or else what's the
business going to be bro for me while I
was working the software job I learned
the skill of personal training I bought
the nasm textbook I studied it I took
online courses and then I passed the
test to get my certification that was a
process that took several months there's
a lot of dudes out there that just want
to be a personal trainer without
actually developing the skill they just
think oh I work out and go to the gym so
I can be a personal trainer anyway once
I got that certification I quit my
career in software and I transitioned to
another career really in personal
training I was working for a gym working
for someone else and during that career
I had to push myself to learn the skill
of sales I had to approach gym members
and sell them on personal training with
me so what did I do well at first I just
fell flat on my face and I was kind of
awkward about it then I realized I had
to develop the skills so I started
reading all of these different sales
books and psychology books I started
testing and implementing different
techniques until I was able to make
consistent sales a lot of personal
trainers out there they have the
knowledge and they can train a client
very well but they never learned how to
sell so they never make any money and
also during that time I knew that
eventually I wanted to try YouTube so I
started learning the skill of video
editing I bought some different online
courses and started editing videos I
also bought several online courses from
Big YouTube creators at the time that
taught me the different aspects of
YouTube from thumbnail creation to SEO
to creating the proper video structure
and understanding the different metrics
it's also a skill that I had to acquire
if you want to get to your own business
you have to be like a [ __ ] sponge I
was like a sponge for three or four
years absorbing any information that I
could taking as many courses that I
could and just trying just trying to
learn the skills so my challenge for you
right now I want you to drop a comment
below the video think about what is the
business that you would like to start
and then identify what is the first
skill that you must acquire in order to
make that a reality comment below the
video the business you want to start and
the skill that you're going to start
learning now stage four the side hustle
so when you first start a side hustle
you'll be in tier one income but you can
progress to tier 2 and to tier three
even once you get beyond that it's time
to move to the next stage now it's going
to make sense to begin your side hustle
while you're still working your stage
one job or your stage two career and the
mindset that I had at this point was all
right I'm ready to try and make some
money on my own let's see what we can do
and hopefully in the somewhat near
future I can make enough that I'm able
to quit my job but if you're in a spot
where you just need to make some extra
cash right now this is not this is not
the path for you it's going to take at
least 3 to 6 months to even start
building a little bit of your own income
and the basic idea of a side hustle I
want you to think of it as you're going
to start your own business just on a
very small minimal scale like the
smallest business possible my first side
hustle that actually made any money was
self-publishing eBooks on amazon.com the
first book I wrote was called The Book
of alpha 30 rules I followed to
radically enhance my confidence Charisma
productivity success in life what a
[ __ ] Banger
man what a [ __ ] Banger man and this
was really a combination of the skills I
developed up until that point sales you
know a book is basically selling other
people on your ideas everything I
learned from personal training allowed
me to make more clear instructions
people could follow not to mention the
years leading up to that I had pushed
myself through a lot of rejection to
build the skill of talking to women with
confidence and after about 6 months I'd
published four or five books and I was
starting to make anywhere from $2,000 to
$4,000 per month from that Amazon side
hustle a different side side hustle that
I see a lot of guys having success with
in 2024 is video editing there's so many
people trying to create their own
content right now and every content
creator at least most of them they're
hiring editors to do the work for them
or at least to take their long form
content and to make it into these
digestible you know vertical videos that
can go on Instagram or YouTube shorts
and one very important piece of advice
for your first side hustle please please
please please start with something
digital like a service that you're
providing or some coaching or something
a lot of people want to create a
physical product and sell that what you
might not realize is that takes
significantly more expenses you also
have to warehouse and ship the orders
it's hard to make that profitable versus
an online service stage five a legit
business so a legit business will make
you tier four or tier five income and
Beyond there's no [ __ ] ceiling on a
business however if right now you think
that you have a business but you're
making below tier four well I hate to
tell you bro that that's not a business
in my guys that's still some type of
side Hustle but once you reach tier four
once you're making 80k per year for
yourself well now you have this proof of
concept whatever you're doing it can be
scaled from there you can either create
systems and hire people that allow you
to reach more and more clients making
more and more money or maybe you don't
maybe you just raise your price and you
charge the few clients you're working
with a much higher premium because now
you're that top tier dude and you can
command that price so for example when I
started my clothing brand Edge light
lifestyle which by the way we got a a
new collection coming next week the
shirt I'm rocking right now the shadow
tea dropping in black cream Olive and
gray it's got this premium texture that
elevates it over basic teas we're also
bringing back our light blue premium
denim jeans that sold out in minutes
last time Perfect Fit not too baggy not
too tight and also restocking our
essential tea that just enhances your
physique and also our movement joggers
my go-to everyday pants that's coming
next Monday you can click the second
link in description to get early access
to that drop but Ed lifestyle like every
other business I started it was a side
hustle at first the first three or four
drops that we did we had all the clothes
lied out in our apartment in downtown
Boston taking up the whole apartment and
we packaged and shipped those one by one
ourselves and they kept selling out we
started with like 400 units then we did
800 and I think the last one we did from
the apartment was 1,600 units all of
them selling out within a couple weeks
well at that point I had the proof of
concept and I was able to move it from a
side hustle to a business the first
thing I did was I found a fulfillment
Warehouse where now we ship our clothing
to them instead of to to our apartment
or to our house and they handle
receiving organizing and shipping out
the orders as they come of course I pay
them quite a bit to do that but it
allows us to scale the business and
reach far more customers then we got
into paid advertising and I'm willing to
bet that a lot of y'all have seen our
ads yourself on Facebook or Instagram
and that allows us to acquire more
customers of course we're paying to
acquire those customers we're not making
as much of a profit at least on that
first order but by creating the right
content that effectively sells these
clothing items again everything goes
back to that skill of sales we're able
to leverage all of this to continually
grow the business year after year after
year the first year we probably made
about 100K but very quickly from there
within just two or 3 years we surpassed
1 million per year and have continued to
grow if you become a top tier video
editor you're going to start to have a
lot of Demands from your clients and
they're going to refer you to other
clients because your work is so good and
at that point you can start to hire
different video editors to work
underneath you and now you've scaled and
it's gone from a side hustle to a
business the points here bro is that
there's a [ __ ] method to the madness
there is a predictable system you can
follow by going through the stages we
explored in this video that will allow
you to go from wherever you're at now to
wherever you want to get to it's not
going to be easy it's not going to
happen next week it's going to require
learning some new skills it's going to
require failing trying new things and
continuing to not give up and to Pivot
but there's more and more new
millionaires every single year the proof
is in the pudding it's [ __ ] possible
I've done it countless of my friends
have done it as well and you could be
the next one now as we mentioned many
times in this video being able to
effectively communicate and sell is
probably the number one skill you need
to learn as a man that being said I know
that a lot of y'all are introverts and
you can struggle with that naturally and
that's why you need to watch this video
next it is about how to be silen
attractive 12 cheat codes for introverts
click there to watch that now if you're
new to the channel click down there to
subscribe is I release two new videos
every single week you don't want to miss
them I'll talk to you in the next video
Stay beastly
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