This Seems Dumb, But It Gets Me Private Jets For Free

Summary

The video script explores the concept of 'time arbitrage,' a strategy for maximizing the value of one's time to afford luxuries without significant financial outlay. The speaker shares personal anecdotes of leveraging time effectively to secure private jet trips and high-end experiences, illustrating how anyone can apply this principle to elevate their financial status. From mowing lawns to teaching skills, the narrative emphasizes the importance of valuing time over money and investing in personal growth to unlock a path to wealth and success.

Takeaways

• 😀 The concept of 'time arbitrage' is introduced as a method to make luxury experiences like private jets and yacht trips effectively free by valuing one's time over money.
• 💡 Time arbitrage can be applied at any stage of life, even starting from zero, by learning skills that increase the value of one's time.
• 🎓 The speaker shares personal examples of using time arbitrage to afford a private jet trip and a cruise, by leveraging skills and opportunities to generate income.
• 🚀 The importance of making one's time valuable is emphasized, suggesting that successful people trade money for time, unlike unsuccessful people who trade time for money.
• 🤔 The speaker encourages viewers to consider how they waste time and what skills they can learn to increase the value of their time.
• 💼 The script illustrates that by investing time in learning and skill development, one can create opportunities to earn more, thus making expensive experiences more affordable.
• 🛫 The speaker explains how he managed to make a private jet trip free by selling tickets to a seminar, demonstrating the practical application of time arbitrage.
• 📚 Learning new skills like graphic design, coding, or audio engineering can provide a means to earn money and increase the value of one's time.
• 🚗 The script suggests eliminating time-wasting activities, such as long grocery shopping trips, by using services like Instacart to save time for more valuable pursuits.
• 💰 The idea that penny pinching can keep one poor is discussed, with the suggestion to invest in experiences and learning that increase earning potential rather than saving on small expenses.
• 🌐 The speaker shares how moving to Dubai increased his revenue due to valuable connections, emphasizing that valuing time can lead to significant financial gains.

Q & A

What is the main concept discussed in the video script?

The main concept discussed in the video script is 'Time Arbitrage,' which is a strategy to make one's time more valuable and afford luxuries without spending much money.

How does the speaker claim to have taken a private jet for free?

The speaker claims to have taken a private jet for free by using the concept of time arbitrage, where he monetized his time effectively to afford luxuries and offset the cost of the jet trip.

What is an example of time arbitrage mentioned for a high school student?

An example for a high school student is to spend time learning a skill like graphic design or coding and doing freelance work, which makes their time more valuable instead of waiting in line for discounts.

What is the speaker's view on penny pinching and its impact on wealth?

The speaker believes that penny pinching can keep one poor, as it prevents individuals from investing in their time and skills, which are crucial for long-term wealth creation.

How did the speaker use time arbitrage to afford a cruise in 2012?

The speaker used time arbitrage by learning WordPress, offering a free seminar on it, and then directing attendees to a hosting platform for which he earned a referral fee, which paid for the cruise.

What is the speaker's opinion on the value of time versus money?

The speaker believes that time is infinitely more valuable than money, and valuing time over money is key to achieving financial success and being able to afford luxuries.

How did the speaker use his skills to pay for his college education?

The speaker used his knowledge of audio engineering to offer lessons on how to use home studio software, earning money that helped him pay for his college education.

What is the speaker's advice on eliminating time-wasting activities?

The speaker advises eliminating time-wasting activities such as long grocery shopping trips by using services like Instacart and opting for Uber rides to work, which allows for productive use of travel time.

How did the speaker's trip to Dubai lead to a significant increase in his company's revenue?

The speaker's trip to Dubai led to connections and opportunities that added an extra million dollars in revenue to his company, including a $36,000 commission from a single event pitch.

What is the speaker's final recommendation for viewers to improve their financial situation?

The speaker recommends that viewers assess where they are wasting their time, learn skills to make their time more valuable, and adopt a mindset that values time over money to improve their financial situation.

Outlines

00:00

💼 Time Arbitrage for Luxury Lifestyle

The speaker introduces the concept of time arbitrage, a strategy to acquire luxuries like private jets and yacht trips without incurring direct costs. They share personal anecdotes about avoiding budget airlines and leveraging opportunities to ensure high revenue for their business. The key message is that anyone can practice time arbitrage, even starting from zero, by valuing their time appropriately and learning skills to increase its worth. Examples include a high school student mowing lawns or learning graphic design to earn money instead of waiting in lines for discounts.

05:00

💰 From Student to Entrepreneur: Time Arbitrage Journey

This paragraph details the speaker's personal experiences with time arbitrage, starting from a small scale to eventually affording a private jet trip. The speaker emphasizes the importance of trading money for time and using social media and email lists to monetize skills and knowledge. They recount how they taught others about blogging and audio engineering to fund personal experiences like a cruise and college education. The narrative illustrates the transition from a broke student to a successful entrepreneur by valuing time over money and leveraging it to generate income.

10:02

🌐 Maximizing Time Value for Global Opportunities

The speaker discusses the broader application of time arbitrage in their life, including the decision to move to Dubai for business opportunities. They highlight the importance of eliminating time-wasting activities, such as grocery shopping and driving, by using services like Instacart and Uber, which allow them to work and generate income during what would otherwise be unproductive time. The speaker shares a story of making a significant commission from a pitch at an event in Dubai, illustrating how valuing time over money can lead to lucrative opportunities and a more affluent lifestyle.

Keywords

💡Private Jet

A private jet is a type of aircraft designed for transporting small groups of people. In the video, it symbolizes luxury and efficiency, as the speaker mentions taking a private jet for free, which is a part of his strategy of 'time arbitrage'. The concept is introduced to show that by valuing one's time appropriately, one can afford luxuries without direct monetary cost.

💡Time Arbitrage

Time arbitrage is the central theme of the video, referring to the strategy of leveraging one's time to gain more value, either by learning new skills, making connections, or generating income. The speaker uses this concept to explain how he managed to afford luxuries like private jets and yacht trips without incurring direct costs, by valuing his time over money and making it work for him.

💡Opportunity Cost

Opportunity cost is an economic concept that represents the loss of potential gain from other alternatives when one alternative is chosen. In the context of the video, the speaker mentions the opportunity cost of flying a budget airline and potentially missing an event that could have earned his company a substantial amount of money.

💡Skill Acquisition

Skill acquisition is the process of learning and developing new abilities or proficiencies. The video emphasizes the importance of learning new skills to increase the value of one's time. Examples include learning graphic design, coding, or audio engineering, which can then be used to generate income, thus making time more valuable.

💡Freelance Work

Freelance work refers to jobs or assignments done by individuals who are not part of a company's staff but are hired for a specific task or project. In the video, the speaker suggests using saved time to learn skills that can be used for freelance work, thereby increasing one's income and the value of their time.

💡Value of Time

The value of time is the concept that time is a precious and limited resource that should be used wisely to achieve goals and improve one's quality of life. The video's narrative revolves around the idea that by recognizing the value of time and using it to learn and earn, one can 'afford' luxuries without traditional payment.

💡Monetization

Monetization is the process of converting a non-monetary asset or resource into currency. The speaker discusses various ways he monetized his time and skills, such as teaching others about blogging or audio engineering, which allowed him to afford experiences and items that would typically require a large sum of money.

💡Normie Thinking

Normie thinking, as used in the video, refers to conventional or average ways of thinking and living, often characterized by trading time for money rather than leveraging time to create wealth. The speaker contrasts this with the mindset of successful individuals who trade money for time, aiming for long-term value.

💡Stage Selling

Stage selling is the act of promoting and selling products or services in a live event setting. The speaker mentions his ability to earn a significant commission for a short period of time spent stage selling in Dubai, highlighting how the value of time can be increased through specialized skills.

💡Instacart

Instacart is a grocery delivery service that allows users to shop for groceries without spending time in physical stores. The video uses Instacart as an example of a service that saves time, allowing individuals to use that time for more valuable activities, such as learning new skills or generating income.

💡Uber

Uber is a ride-hailing service that provides a convenient transportation option. In the context of the video, the speaker chooses to use Uber for long trips to the airport, using the travel time productively to work and make money, rather than driving himself and potentially missing out on business opportunities.

Highlights

The concept of 'time arbitrage' is introduced as a method to get luxury items for free by valuing time over money.

The speaker shares personal experiences of affording private jets and yacht trips without direct cost by leveraging time arbitrage.

A high-level example of avoiding a Spirit Airlines flight to ensure timely arrival for a high-revenue event.

The importance of not missing opportunities due to financial constraints, even if it means paying a premium.

A personal anecdote about being 'cheap' and finding ways to get a $40,000 private jet flight for free.

The idea that anyone, including high school students, can practice time arbitrage even from zero starting point.

An example of how waiting in line for a discount can be exchanged for time spent earning money or learning a skill.

The suggestion to eliminate time-wasting activities to focus on skill development that increases the value of one's time.

A strategy for using saved time from a direct flight to learn a new skill or close business deals.

The notion that unsuccessful people trade time for money, while successful people trade money for time.

A personal story of selling a seminar to cover the cost of a private jet trip.

The idea of starting small with time arbitrage, such as offering a free seminar on blogging for referrals.

How learning WordPress led to a profitable seminar and a paid cruise trip.

The strategy of using time arbitrage to pay for college by teaching others how to use home studio software.

A discussion on the value of eliminating non-productive activities like grocery shopping and using services like Instacart.

The choice to spend money on Uber rides to save time for more lucrative activities like deal-making.

The realization that time is infinitely more valuable than money, leading to a life-changing mindset.

A story about moving to Dubai for the potential to increase revenue through valuable connections made there.

The conclusion that valuing time over money can lead to being able to afford anything as time goes by.

A call to action for viewers to identify time-wasting activities and learn skills to make their time more valuable.

Transcripts

I'm about to take this $40,000 private

jet for free did I pay for it yes sort

of but it actually didn't cost me

anything and that's because I figured

out a way to get stuff for free and it

seems kind of dumb but it actually works

so I'm going to show you how I managed

to afford private jet trips yacht trips

and even fancy hotels in Dubai and you

may think that you have to have a lot of

money to do this but you can do this at

any stage and any level of scale I'll

teach you a new way to view luxury so

that it can always be free this concept

is called time Arbitrage and I'll give

you a couple of examples of it in

practice I'll start with a high level

like I'm doing it at and then I'll show

you how anyone can do it even a high

school student so here's the high level

I really don't want to fly Spirit

Airline last time I flew spirit I got

stuck in this tiny little seat my flight

was delayed I missed my connecting

flight and I almost missed an event that

I was speaking at now I made it

but that event ended up making my

company over

$250,000 if I would have missed that

event that would have been a quar of a

million dollar flight on Spirit Airlines

so I promised myself I would never fly

Spirit again so about a year later I get

invited on some really big podcasts

podcasts that could again bring my

company a substantial amount of money

and they were in Vegas and of course the

only fight from Florida to Vegas is

Spirit yay and I was flying into Dubai

and I only had like one day difference

so there was no way I could have a

flight delayed so I started checking

into private flights and I found that I

could get a private flight from Florida

to Vegas fuel pilot everything for about

$440,000 now one thing I've learned over

the years about rich people is that they

see opportunities that are worth a lot

and then they pay to not miss those

opportunities so even though it made

Financial sense for me to pay $440,000

for this flight to not miss a

potentially multi hundred, thousand

maybe even millions of dollars in

potential revenue for my company there's

one crucial factor that I wasn't

considering and that is that I'm cheap I

don't want to pay 40 grand for a flight

that's bananas so I had to figure out a

way to get it for free but there's two

aspects of this there's making your time

valuable enough to be able to afford

things and then there's getting stuff

for free so let's start with the first

one time Arbitrage works at any level

even if you're starting from zero so

imagine you're a high school student and

there's a new video game coming out or a

piece of clothing limited edition and if

you go to the mall and you wait in line

for several hours you can get a $50

discount well you can take those hours

that you would have spent standing in

line and you can go m a lawn and you can

make 50 bucks so that you can afford the

thing that you want and not have to

worry about standing in line and you

will have gained a customer mowing the

lawn who can then pay you again and

again and again cuz you know Grass Grows

he's going to need it cut again and then

his neighbor's like oh I need my grass

cut now you got another customer see

your time just became more valuable or

you could even take those hours and

learn how to do something like graphic

design or coding and go out and do

freelance work and again you're time

just became more valuable it starts to

now not make sense to stand in line same

thing with flying commercial let's say

that a cheap flight has one or two stops

but the more expensive flight is direct

well if you pay extra money for the

direct flight you can take those saved

hours and you can again learn a skill

that will make you more money or if you

have a business you can spend that time

closing deals and even if you just paid

for the damn flight and you didn't make

any money you're still taking that time

and learning something that makes your

time more valuable so that next time you

don't even have to worry about it you

can just pay for it and even if you're

dead dead broke go in the garage find an

old bike or something that you've been

meaning to sell but haven't put it on

Craigslist put it on Facebook

Marketplace sell it get the more

expensive ticket take the time learn the

skill boom now your time is more

valuable time Arbitrage is about using

your time to make your time more

valuable so that it makes more sense to

pay money to save your time and this

compounds because the more time you

spend making your time more valuable the

more it makes sense to spend money on

saving time which means you have even

more time which means it can be even

more valuable and it just goes bananas

until eventually you're flying on

private jets because it just doesn't

make sense to take a commercial flight

now yes this will take some time but my

God if you don't start right now it'll

never happen for you the lesson here is

that penny pinching is keeping you poor

billionaire Jack ma once said that if

you give a monkey a choice between

bananas and money he's going to choose

the bananas cuz the monkey doesn't

realize that the money can buy way more

bananas than what you gave them in the

first place and similarly if you give

the average person a choice between a

job and a business they take the job

because they don't realize that the

business can earn them way more money

than a salary see this is what I call

Normie thinking do you want to be a

normie or do you want to be rich can't

get rich thinking like a normie cuz

normies don't see the long-term value of

their time that's why most people just

go through life wake up eat go to

work eat sleep eat eat

eat and then they literally have to

eat cuz they don't have enough

money to afford the Finer Things in life

unsuccessful people trade their time for

money successful people trade their

money for time now that you understand

time Arbitrage let me show you how I

used it to make the jet trip essentially

free at this point in my career I have a

decent Siz social media following and

email list because I constantly trade

money for time and increase my skills

and so I sent out an email and I made a

post and I said hey I'm going to be in

Vegas on these dates I'm going to do a

one-day seminar you can come to the

seminar and I'll help you with your

business I'll ask any question that you

have the price is $5,000 so I only

needed to sell eight people to make

$40,000 to pay for the jet and

essentially cancel it out and make it

free well we accidentally sold nine

tickets so I actually made a little bit

of money and the Jet was free now you

might think well that's you Dan nobody's

going to pay me $5,000 to answer

questions and you are right they

probably won't but I started this on a

very small tiny scale and here's how I

did it in 2012 I wanted to go on a

cruise with my girlfriend but I didn't

have the money at the time blogging was

becoming popular so I set a day aside

and I learned WordPress which is the

popular blogging software I learned how

to set it up and launch your blog which

honestly took not even a day to learn

then I made a post on Craigslist

offering a free seminar on how to start

your blog and I said come to the seminar

you'll learn how to start your blog and

you'll even get it set up by the time

you leave well in order to have a Blog

you have have to have what's called

hosting and at the time hosting

companies were offering like $150 per

sign up if you referred somebody to

their hosting platform so I held the

seminar I had like 30 people come all

for free I taught them how to start a

blog and then I said okay now let's set

the blog up in real time so that it's

done by the time you leave go to this

link and pay for hosting so they all

went to the link they paid for hosting

and I made $150 per attendee and I ended

up making like three grand that day and

that completely paid for the cruise we

went on we had a fantastic time and my

girlfriend later became my wife and the

mother of my cute adorable baby boy I'm

just going to shove this picture in your

face so you see the cuteness anyway the

lesson here is that most people don't

take time to learn new things so if you

take that time and then you spoon feed

it to them you can make money doing that

and the time that you spend learning it

instead of wasting that on saving money

or even worse netflixing and chilling go

learn the thing now I've been using time

Arbitrage for years so here's another

example of how I used it to pay my way

through college so I went to a very

expensive college it was a specialty

school where I learned audio engineering

and it was about an hour away from my

house so Not only was the school

expensive but I had this old Chevy

Blazer that just drank gasoline so even

the trip back and forth was pricey I

would sometimes even sleep in my car if

I had a late class and an early class

the next morning just to save money one

day I'm in a Guitar Center and there's

this guy who was looking at audio

equipment and I struck up a conversation

with him and I just gave him some advice

on the right audio equipment to buy for

his home studio he was so impressed by

my advice that he offered to pay me

$100 to go to his house and teach him

how to use his home Studio software now

he could have been a murderer but I

needed money thankfully he wasn't and it

was the easiest $10000 I ever made so I

got an idea I went on Craigslist and I

made a post I said hey for 50 bucks an

hour I will get on Zoom with you and I

will walk you through how to use your

home studio software so I started doing

that I got fully booked out and not only

did I end up paying my way through

college but I was making more money

doing that than what I would have made

with the degree that I would have got in

if I would have stayed in college so my

time became so much more valuable that

it didn't even make sense to go to

college anymore so I dropped out and

thus began my journey in

entrepreneurship enough about me here's

how to use time Arbitrage in your life

first thing you need to do is eliminate

all the things in your life that are

preventing you from making your time

more valuable just as I learned skills

that made my time more valuable so that

I could make more money you can do this

as well first thing thing is shopping

grocery shopping takes freaking hours so

use instacart yes I get it it's a little

bit more expensive there's a delivery

fee but that's multiple hours per week

that you could use learning a skill

that'll make you money in fact instacart

has helped its customers save over

700 million hours it saves me about 3

hours a week and trust me those 3 hours

a week are worth a lot more than the few

dollars I pay for a delivery fee next

thing is driving so when I fly I usually

fly out of Orlando which is about 2

hours away because I just get better

direct flights so instead of driving

there myself I take an Uber and the Uber

cost about 200 bucks but while I'm in

the car I can get work done that makes

me money in fact I can close deals

responding to Instagram DMS and make way

more money than 200 bucks sometimes one

deal is worth 8 $10,000 to my company

why on Earth would I save 200 bucks when

I could be closing deals so for you

imagine you had a product that you sold

that cost a mere 200 bucks and you're in

the car you're talking to people on

Instagram you close one deal in that

2-hour drive you paid for the Uber you

don't even have to charge a lot to make

your time more valuable do you see how

important it is to value your time over

money because look if I offered to wire

you a million dollars right now you'd

take it right but what if you couldn't

wake up tomorrow no of course you

wouldn't take it but what if it was 10

million what if it was 100 million what

if it was a billion

the answer is still no why because I'm

taking your time I'm paying you a

billion dollars for it but sorry it

ain't worth it because time is

infinitely more valuable than money and

we just most of us just don't realize

that and when I realized it that's when

my life took off when you live with this

mindset you can't help but level up and

here's one more perfect example of that

I recently decided to move to Dubai and

my mother calls me and she says dan I've

heard Dubai is like one of the most

expensive cities in the world are you

sure you can afford that and I told her

mom believe it or not I can't afford not

to live there because when I went to

visit for a month I made so many

connections that I added an extra

million dollars in Revenue to my company

just from the connections in fact I met

a guy who was holding an event with only

11 people just a small little event and

he offered me to come and do the pitch

for that event because he was great at

teaching but not good at pitching what

he had to sell in a live setting so I

went there I did the pitch and I got a

$36,000 commission just for 90 minutes

of my time because I've spent years

learning how to sell from stage making

my time more valuable that's why that 90

minutes made me 36 Grand which by the

way paid for the entire trip to Dubai

then my buddy Dennis U pulled me on

stage at affiliate world and I got to

speak in front of thousands of people

exposing my brand just cuz I have

happened to be in Dubai hey Dan come

come up here come talk for a minute and

I just thought to myself imagine if I

live there fulltime how much extra money

I could make so I asked my wife hey want

to move to Dubai she said yes so we

bought a house in Dubai and began our

new life there because time is money and

when you value your time over money you

will be able to afford whatever you want

as time goes by so ask yourself where

are you wasting your time today what

skills can you learn to make your time

more valuable so that you don't have to

spend your time doing dumb stuff that

you don't want to do and you can have

nicer things while you do it now if you

want to save even more time you can

watch my video on how I invested a half

a million dollar into business gurus and

what I learned that way you can save 500

Grand and learn it a lot quicker you can

check that video out here thanks for

watching see you in the next one

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