The Blueprint to Making Money With $0 as a Busy Student!

Summary

The 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

00:00

💼 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.

05:02

📚 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.

10:03

💸 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.

15:04

🔄 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.

Keywords

💡Ambition

Ambition refers to a strong desire to achieve something, often requiring determination and hard work. In the context of the video, ambition is portrayed as a driving force for personal growth and financial success. The speaker emphasizes that their content is designed for individuals with high ambition who are willing to channel their energy into specific endeavors, such as building a business or learning new skills.

💡Get-rich-quick scheme

A get-rich-quick scheme is a plan or strategy that promises to make someone rich quickly, often with little or no effort. The speaker explicitly states that their content is not for those seeking such schemes, as they advocate for hard work and long-term strategies for financial success. They stress the importance of delaying gratification and putting in the effort to achieve one's goals.

💡Delay gratification

Delaying gratification is the ability to resist the temptation for an immediate reward and wait for a later, often larger reward. The video speaker uses this concept to encourage viewers to work hard now for greater rewards in the future. This is a key principle in achieving long-term success, as opposed to seeking instant but often unsustainable gains.

💡Seven-figure business

A seven-figure business refers to a business that generates annual revenues or profits in the range of one to nine million dollars. The speaker mentions having built such a business, using it as an example of the kind of success that can be achieved through hard work and strategic planning, rather than through quick fixes or shortcuts.

💡High-value skill

A high-value skill is a specialized ability or knowledge that is in high demand and has a high barrier to entry, meaning not everyone can easily acquire it. The video speaker advises viewers to learn one such skill to leverage in their career or business. Examples given include cloud computing and data analysis, but the speaker also suggests content creation as a valuable skill due to its applicability in various industries.

💡Service-based business

A service-based business provides intangible services to clients rather than selling physical products. The speaker recommends starting with a service-based business to gain practical experience in entrepreneurship, such as client acquisition and retention. This type of business allows for the application of high-value skills and can be a stepping stone to more substantial financial success.

💡Efficiency

Efficiency in the video refers to the ability to perform tasks with minimal waste of time and resources. The speaker highlights the importance of studying efficiently to free up bandwidth for other activities and later emphasizes creating protocols to increase efficiency in business operations. This concept is crucial for scaling a business and managing time effectively.

💡Living below your means

Living below your means means spending less than what you earn, which allows for savings and financial security. The video speaker suggests this as a financial strategy to create a margin of error and reduce stress related to finances. It's a practical approach to managing money and preparing for future investments or emergencies.

💡Financial leverage

Financial leverage refers to the use of borrowed money to increase the potential return on an investment. In the video, the speaker talks about using the money earned from a side business to invest back into the business, thereby leveraging it for growth. This concept is key to expanding a business and achieving a higher income level.

💡Academic excellence

Academic excellence implies performing exceptionally well in educational pursuits. The speaker encourages viewers to excel academically while also working on their businesses. This dual focus can lead to a strong foundation of knowledge and skills that can be applied to both professional and entrepreneurial endeavors post-graduation.

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

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