5 Tahap CARI CUAN (Wajib Tau)

Summary

The video script discusses the differences between individuals earning 10 million versus 10 billion per month, highlighting a five-step model for wealth accumulation. It starts with selling time in employment, moves to selling skills in freelancing, then selling results for projects, selling impact through high-value services, and finally, selling systems by leveraging capital to create more wealth. The speaker emphasizes the importance of mindset shifts and taking risks to progress through these stages, sharing personal experiences and insights from his entrepreneurial journey.

Takeaways

• 😀 The speaker discusses five different stages of earning money, starting from selling time to selling systems.
• 💼 Stage 1 is about selling time, where most people are employed and earn a fixed wage based on their working hours.
• 🔑 Stage 2 involves selling effort or skill, where individuals might charge based on the skills they offer, such as in freelancing or side hustles.
• 💰 Stage 3 is about selling results, where people are paid based on the outcomes they deliver, regardless of the time or effort invested.
• 🌟 Stage 4 is selling impact, where individuals offer solutions that have a significant financial effect on clients, and they may earn a percentage of the profits.
• 🛠️ Stage 5 is selling systems, which involves creating and scaling a business model that generates income without being limited by time or results.
• 📈 The speaker emphasizes that moving through these stages often requires learning new high-income skills and adapting to market demands.
• 🚀 There is a transition from being an employee to becoming an entrepreneur, with the latter stages involving more risk but also higher potential rewards.
• 💡 The importance of mindset shift is highlighted, particularly in Stage 5, where investing in building a system is seen as a necessary step for growth.
• 📊 The speaker shares personal experiences, including failures and successes, to illustrate the journey through these stages.
• 🤔 The script encourages viewers to reflect on which stage they are currently in and to consider their comfort with risk and ambition for growth.
• 🌍 The discussion is framed within a global context, with examples given for different types of work and potential earnings at each stage.

Q & A

What are the five stages of making money mentioned in the script?

The five stages of making money mentioned in the script are: selling time, selling effort, selling results, selling impact, and selling systems.

What is the main issue with the first stage of making money according to the script?

The main issue with the first stage, selling time, is that there is a limit to how much time one can sell, and the rate per hour remains the same regardless of the effort put in.

How does the script describe the transition from selling time to selling effort?

The script describes the transition from selling time to selling effort as a realization that working harder does not necessarily result in higher pay, leading individuals to seek opportunities where they can charge more based on their skills or the effort they put in.

What is the difference between selling effort and selling results in the context of the script?

Selling effort is about charging based on the skills or time invested in a task, while selling results is about valuing one's work based on the outcome or impact it has, regardless of the time or effort spent.

How does selling impact as a stage of making money differ from the previous stages?

Selling impact involves charging based on the potential positive effects one's work can have on a business or client, such as increasing revenue or efficiency, rather than just the time, effort, or direct results of the work.

What is the ultimate stage of making money as described in the script, and why is it considered the most significant?

The ultimate stage of making money is selling systems, which involves creating a scalable business model or system that generates income without direct time investment. It is considered the most significant because it removes the limitations of time and effort, allowing for potentially unlimited income.

How does the script suggest one can move from selling effort to selling results?

The script suggests that one can move from selling effort to selling results by focusing on the value and impact of their work, such as increasing a company's revenue or improving a product's market position.

What is the significance of the 'supply-demand gap' mentioned in the script in relation to selling effort?

The 'supply-demand gap' refers to the difference between the supply of a particular skill and the demand for it in the market. The script suggests that individuals in the selling effort stage should learn high-income skills that are in high demand but short supply to command higher rates.

How does the script address the issue of time constraints in the context of making money?

The script addresses the issue of time constraints by illustrating that no matter the stage, there are only 24 hours in a day, and individuals must find ways to generate income that are not solely dependent on the hours they work.

What advice does the script give to those who want to increase their income beyond the selling time stage?

The script advises individuals who want to increase their income to learn high-value skills, transition from selling time to selling effort and results, and eventually to selling impact and systems to create a scalable income source.

How does the script differentiate between selling time and selling systems in terms of risk and reward?

Selling time involves a lower risk but also a lower reward, as it is limited by the number of hours one can work. Selling systems, on the other hand, involves a higher risk due to the investment of time and capital, but it offers the potential for much higher rewards and scalability.