How to Make 10k/month in 2024! (FASTEST METHOD)

Summary

In this video, the speaker addresses the challenge of reaching a $10K monthly income, emphasizing the importance of sales skills as a low-cost, high-potential path to success. They advise against high-risk ventures like cryptocurrency trading and instead promote building a personal brand and mastering sales techniques. The video offers insights into how to create compelling offers and the value of a strong personal brand in securing sales, suggesting that these skills are universally applicable and can lead to significant earnings.

Takeaways

• 💰 '10K a month' is considered a significant financial milestone for many, and reaching it can be challenging.
• 📈 According to Charlie Munger, the first $100,000 is the hardest to earn, implying that initial wealth accumulation is the most difficult.
• 🚫 The speaker advises against starting with high-risk investments like cryptocurrencies due to their volatility and the potential for significant losses.
• ⏰ The video promises a simple, yet effective strategy to reach the $100,000 goal, emphasizing that it can save time, energy, and money.
• 🛑 The speaker discourages getting into 'get rich quick' schemes, highlighting that most people fail in such endeavors and only the successful cases are visible.
• 🔍 The video suggests focusing on sales as a key skill to achieve financial goals, as it requires minimal startup costs and has high scalability.
• 📊 Sales skills are deemed universal and can be applied across various platforms and services, making them a valuable asset.
• 💼 Building a strong personal brand is crucial for success in sales, as it helps in establishing credibility and trust with potential clients.
• 📈 The video mentions the potential of using social media platforms like Instagram to showcase real results and reach out to businesses in need of sales services.
• 💡 The speaker offers practical advice on sales, emphasizing the importance of making good offers and having the right training or skill sets.

Q & A

What is considered the 'magic number' for many people when it comes to monthly earnings?

The 'magic number' mentioned in the script is 10K a month, which is seen as a significant hurdle for many individuals.

What does the speaker suggest is the hardest amount to earn initially?

The speaker quotes Charlie Munger, a legendary investor, suggesting that the first 100,000 dollars is the hardest to earn.

What is the speaker's main advice for reaching the goal of earning 100K?

The speaker advises watching the entire video because they will reveal a simple secret that can help achieve the goal of earning 100K online in the safest and quickest way.

What are some of the side hustles mentioned that the speaker says have not seen success for most people?

The side hustles mentioned include crypto, stocks, e-commerce, affiliate marketing, and SaaS.

Why does the speaker advise against starting with crypto to earn money?

The speaker advises against starting with crypto because of the high risk involved, where people can make a lot of money quickly but also lose it all just as fast.

What is one of the reasons the speaker suggests patience is required for success in crypto trading?

The speaker suggests that patience is required because one must be psychologically driven not to react to emotions, which is very hard and takes a long time.

What is the one skill the speaker recommends learning to reach the 100K goal?

The speaker recommends learning sales as the skill required to reach the 100K goal because it requires the least time, has very little startup cost, and has the potential to scale to six figures and beyond.

Why does the speaker consider sales to be a universal skill?

Sales is considered universal because it can be applied in many different ways, such as through calls, emails, or social media platforms, and is essential for converting clients in various business models.

What is the significance of building a personal brand according to the speaker?

Building a personal brand is significant because it can help in selling services or products by reaching out to businesses or individuals who might need help in sales, and it makes it easier to convince people to pay for services.

What is the main skill set required for sales according to the speaker?

The main skill set required for sales, as mentioned by the speaker, includes making a good offer and having the right training or skill sets, which involves proving oneself to many people.

How does the speaker suggest using social media for sales?

The speaker suggests using social media, like Instagram, to build a personal brand with real photos and results, and then reaching out to businesses or service providers via direct messages to offer sales services.