How I Went From -$30k To $6 Million (My Story)

Summary

Jordan shares his inspiring journey from living off food stamps to earning over six million dollars online in five years. He details his struggles growing up with a single mom, his early attempts at entrepreneurship, and the pivotal moment that led to his success in dropshipping. Despite facing significant challenges, including financial setbacks and a failed business partnership, Jordan's resilience and determination saw him bounce back, achieving financial freedom and sharing his knowledge through YouTube.

Takeaways

• 😀 Jordan's journey began with humble beginnings, living off food stamps and growing up with a single mom earning less than $20,000 a year.
• 💼 He aspired to avoid traditional employment, inspired by YouTubers who made money online, and started earning at 14 by editing videos.
• 👕 Jordan's first business venture was a clothing brand, followed by reselling sneakers, which helped him earn his first thousand dollars.
• 🎓 Despite briefly attending college, Jordan found himself living off food stamps again and decided to pursue entrepreneurship full-time.
• 🚀 His first significant success came with dropshipping, where he turned a $2,000 loan into a profitable business and scaled it to over $100,000 in monthly sales.
• 🏆 Jordan's business acumen and online presence led to coaching opportunities, which further diversified his income streams.
• 📉 A move to LA and a series of poor decisions led to financial difficulties, including nearly going bankrupt and accumulating significant debt.
• 💔 The lowest point of his journey included a deep depression and a call to a suicide prevention hotline, highlighting the personal toll of entrepreneurial struggles.
• 🔄 Returning to his hometown, Jordan rebuilt his life by cutting bad habits, regaining focus, and successfully scaling another dropshipping business.
• 🌟 His resilience paid off as he sold his business for a significant amount, bought his dream car, and supported his family, all while growing his YouTube channel.
• 📈 By 2022, Jordan had generated over $6 million from the internet, reflecting a remarkable turnaround from his earlier struggles.

Q & A

How did Jordan initially start making money online?

Jordan started making money online at the age of 14 by editing Call of Duty trick shot videos.

What was the first business Jordan attempted and how did it fare?

The first business Jordan attempted was a clothing brand called 'Retrospect Clothing'. It did not succeed as he had to move on to other ventures.

How did Jordan's experience with reselling sneakers contribute to his financial success?

Jordan built a reputation as a top reseller in his city and made his first thousand dollars from reselling sneakers, which was a significant milestone for him.

What led to Jordan's decision to drop out of college?

Jordan dropped out of college after realizing it wasn't the path for him and after experiencing initial success with his dropshipping business.

What was the turning point that led to Jordan's significant financial success?

The turning point was when Jordan found a profitable product through dropshipping, which led to his first thousand-dollar profit week and eventually scaling his business to over a hundred thousand dollars a month.

What was the impact of Jordan's move to Los Angeles on his financial situation?

Moving to Los Angeles led to Jordan living beyond his means, which resulted in a significant financial downturn, leaving him with only thirty thousand dollars and a high cost of living.

How did Jordan's business partnership end, and what were the consequences?

Jordan's business partnership ended badly when his partner transferred all the money out of the business account and disappeared. This left Jordan with the responsibility of developer costs and payroll expenses, leading to significant financial stress.

What was the low point for Jordan, and how did he overcome it?

The low point was when Jordan was in deep depression, almost to the point of calling a suicide prevention hotline. He overcame it by moving back to his mom's house, cutting out bad habits, and forgiving himself, which allowed him to start rebuilding his life and business.

How did Jordan's YouTube channel contribute to his overall success?

Jordan's YouTube channel became a platform to document his journey and teach others about e-commerce. It also led to additional income through coaching and helped revive his failed business, Viral Vault.

What major life changes did Jordan make after selling his Shopify store in 2022?

After selling his Shopify store, Jordan focused on growing his YouTube channel, bought his dream car, took his family on a vacation, and provided financial support to his parents.