How I’d Get Rich In My Teens If I Had To Restart

Summary

The video script offers a guide for teenagers to get rich quickly by leveraging their free time and learning valuable skills. It emphasizes the importance of understanding money as an exchange of value and suggests that teens, despite having little initial value, can excel by taking advantage of opportunities others overlook. The speaker recommends starting with low-skill jobs like power washing and snow shoveling to learn sales skills, which are foundational for any business. They advocate for self-development, particularly in high-income skills like video editing and coding, and stress the significance of mastering sales to control one's financial future. The script concludes with advice on how to get started in sales, including reading influential books, watching educational videos, and practicing by selling either other people's products or creating one's own.

Takeaways

• 💡 The speaker emphasizes that money is simply the exchange of value and suggests that teens can leverage their free time to start making money.
• 🔑 The speaker believes that teens have a unique advantage due to their lack of perceived value, which allows them to tap into opportunities others wouldn't consider.
• 📚 The importance of self-development is highlighted as the key to becoming valuable and creating sustainable income.
• 💼 The speaker encourages teens to reject their current reality and adopt a new perspective on money and value.
• 🚪 The speaker suggests starting with door-to-door services like power washing or shoveling snow as a way to make quick money and learn sales skills.
• ❄ Power washing is recommended as a lucrative side job for teens, as it requires minimal investment and can be done quickly.
• 💰 Shoveling snow is another suggested side job that, when taken seriously, can provide decent income relative to traditional part-time work.
• 📈 Learning sales skills is presented as a high-income skill that can significantly increase a teen's earning potential.
• 📚 The speaker recommends reading 'How to Win Friends and Influence People' and '$100 Million Leads' to understand persuasion and sales tactics.
• 👥 The speaker advises watching Jeremy Miner's NEQ framework for practical sales tips and stresses the importance of practice over theory.
• 🚀 To truly master sales, the speaker recommends selling one's own product, as it offers the most learning and growth opportunities despite being the most challenging.

Q & A

What is the main idea the speaker is trying to convey about making money as a teenager?

The speaker suggests that teenagers can leverage their free time and learn valuable skills like sales to make money, rather than getting involved in get-rich-quick schemes.

Why does the speaker believe that teenagers have an advantage when it comes to making money online?

The speaker believes that teenagers have an advantage due to their lack of preconceived notions about money and their willingness to take on tasks that others might not be willing to do.

What is the speaker's view on the value of money and how it relates to teenagers?

The speaker views money as the exchange of value and suggests that teenagers, who may not have much value to offer initially, can learn to create value by developing themselves.

What does the speaker suggest as the first step for teenagers to start making money?

The speaker suggests that teenagers can start by doing tasks like power washing or shoveling snow, which can be lucrative and also help them develop sales skills.

Why does the speaker emphasize the importance of learning sales for teenagers?

The speaker emphasizes sales because it is a fundamental skill in business, it's applicable in all aspects of life, and it allows for control over one's income.

What are some high-income skills that the speaker recommends teenagers to learn?

The speaker recommends learning skills like high-ticket sales, video editing, and coding, as they can command higher earnings compared to traditional part-time jobs.

What book does the speaker recommend for understanding human psychology and persuasion?

The speaker recommends 'How to Win Friends and Influence People' for understanding human psychology and the art of persuasion.

What is the significance of the book '$100 Million Leads' by Alex Trosi in the context of the speaker's advice?

The book '$100 Million Leads' is significant as it provides insights into value proposition and offers, which are crucial for learning how to effectively sell products or services.

How does the speaker suggest teenagers can find opportunities to practice their sales skills?

The speaker suggests looking for opportunities in online groups, such as Facebook groups, and cold outreaching to sales teams via LinkedIn.

What is the speaker's opinion on selling one's own product as a way to learn sales skills?

The speaker believes that selling one's own product is the best way to learn sales skills, as it provides hands-on experience and a deeper understanding of product, offers, and customers.

What is the speaker's final advice on how to make money as a teenager?

The speaker's final advice is to practice sales skills actively, whether by finding opportunities to sell for others or by selling one's own product, as practice is key to mastering the skill.

Outlines

00:00

💼 Teen Entrepreneurship and Value Creation

The speaker reflects on their journey to wealth creation as a teenager and emphasizes the importance of understanding money as a store of value. They suggest that teens, despite having less value to offer, have an advantage due to their willingness to take risks and the low expectations set for them. The speaker advocates for self-development as the key to becoming valuable and making money, rather than falling for get-rich-quick schemes. They also encourage teens to challenge their current financial reality and to consider alternative ways of thinking about money. The speaker highlights the importance of leveraging free time during teenage years for activities like door-to-door power washing and shoveling snow, which can be more lucrative than traditional part-time jobs and also serve as an introduction to sales and entrepreneurship.

05:01

📈 Learning High-Income Skills for Teenagers

The speaker discusses the concept of learning high-income skills as a means for teenagers to become valuable and earn money. They mention the growing demand for video editors and coders but focus on high-ticket sales as the most recommended skill for teens. The speaker outlines three reasons for choosing sales: its universal application in life, its foundational role in any business, and the control it gives individuals over their income. They also provide resources for learning sales, such as books like 'How to Win Friends and Influence People' and '$100 Million Leads' by Alex Trosi, as well as practical advice on objection handling from Jeremy Miner. The speaker suggests finding sales opportunities through online groups or by reaching out to sales teams via LinkedIn. They also propose the idea of selling one's own product as a way to learn and grow, despite the challenges it presents.

10:02

🚀 Selling Your Own Product for Maximum Learning

In this final paragraph, the speaker emphasizes the benefits of selling one's own product as the best way to learn sales skills effectively. They argue that through this process, an individual gains a deeper understanding of product development, offer creation, value proposition, and customer relations. The speaker acknowledges the difficulty of this approach compared to finding sales opportunities with established companies but guarantees that the learning experience will be substantial. They conclude by suggesting that viewers who enjoyed this content might also be interested in a similar video, presumably offering further insights into entrepreneurship and sales.

Keywords

💡Entrepreneur

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. In the video's context, the speaker mentions a 'multi7 figure entrepreneur' to illustrate the idea of wealth creation through business ventures. The script emphasizes the importance of entrepreneurship as a means for teens to potentially get rich by tapping into opportunities that others may not consider.

💡Value Exchange

Value exchange refers to the concept where goods, services, or money are traded for something else perceived to have similar value. The video script discusses the fundamental nature of money as 'the exchange of value,' suggesting that understanding this principle is key to making money, especially for teens who may not have traditional forms of value like wealth or assets.

💡Teenagers

The term 'teenagers' refers to individuals in their adolescence, typically between the ages of 13 and 19. In the video, the speaker addresses the audience directly as teens, discussing the unique challenges and opportunities they face in trying to make money. The script suggests that while teens may not have traditional value, they have other advantages, such as free time and a willingness to take on tasks others might not.

💡Door-to-Door Sales

Door-to-door sales involve a salesperson going directly to potential customers' homes to sell products or services. The video script highlights this method as a way for teens to leverage their free time and unique position to make money. It is presented as a gateway to learning sales skills, which are fundamental to business and personal success.

💡Power Washing

Power washing is a cleaning method that uses high-pressure water spray to remove dirt and grime from surfaces. In the video, the speaker suggests power washing as a lucrative side job for teens, requiring only an initial investment in equipment and offering a higher rate of pay compared to traditional part-time jobs.

💡Shoveling Snow

Shoveling snow is a common seasonal job where individuals clear snow from driveways, sidewalks, and other areas. The video script mentions it as a potentially profitable activity for teens, arguing that with the right approach and seriousness, it can be a source of decent income, especially when compared to minimum wage jobs.

💡High Income Skill

A high income skill refers to a specialized ability or expertise that is in high demand and can command a higher pay rate. The video emphasizes the importance of teens learning such skills, like video editing or coding, to increase their value and earning potential. The speaker particularly recommends mastering high ticket sales as a means to control one's income and grow personally and professionally.

💡Sales

Sales is the process of selling goods or services to customers in exchange for money. The video script repeatedly underscores the importance of sales skills, stating that they are the backbone of any business and a fundamental life skill. The speaker argues that mastering sales can provide teens with a significant advantage in making money and building a successful career.

💡Persuasion

Persuasion is the art of influencing people's attitudes or actions through communication. In the video, the speaker connects sales to persuasion, explaining that the ability to persuade is not only crucial in business but also in various aspects of life. Persuasion is presented as a skill that can give individuals a 'superpower' in negotiating and achieving their goals.

💡Commission-Based

Commission-based refers to a payment structure where the earnings of a worker are primarily based on a percentage of their sales or the deals they close. The video script uses this term to illustrate the potential for high earnings in sales, as opposed to fixed hourly wages. It emphasizes the incentive for personal growth and hard work that comes with commission-based work.

💡Cold Outreach

Cold outreach is the act of initiating contact with potential customers, partners, or employers without any prior relationship or connection. In the video, the speaker suggests using cold outreach on platforms like LinkedIn to find sales opportunities. This strategy is presented as a way for teens to proactively seek out and secure sales roles, which can be a stepping stone to financial success.

Highlights

The speaker emphasizes that money is the exchange of value and teens often lack this value.

Teens have an upside due to their willingness to do things others wouldn't, leveraging their low status.

The importance of self-development over get-rich-quick schemes is stressed for long-term success.

The speaker suggests teens should reject their current reality regarding money and think differently about it.

Teens have an advantage due to their abundance of free time, which can be used to make money.

Power washing is suggested as a lucrative side job for teens with a high return on time investment.

Shoveling snow is presented as an undervalued money-making opportunity for teens.

Door-to-door sales is recommended as a way to learn the foundational skill of sales.

Learning sales is crucial as it is the backbone of any business and a high-income skill.

Sales skills are applicable in all aspects of life, not just business.

The speaker recommends learning high-income skills like video editing and coding.

High-ticket sales are particularly recommended for teens looking to make money.

Sales allows for control over one's income and is commission-based, motivating improvement.

The speaker suggests reading 'How to Win Friends and Influence People' to understand persuasion.

Reading '$100 Million Leads' by Alex Trosi is recommended for learning about value propositions and offers.

Jeremy Miner's NEQ framework is highlighted as a valuable sales tactic to learn.

Practicing sales is emphasized as the best way to improve, over theoretical knowledge.

Finding sales opportunities in online groups and communities is suggested.

Using LinkedIn for cold outreach to sales teams is recommended for job opportunities.

Selling one's own product is the riskiest but most educational way to learn sales.

Transcripts

this is exactly how I'd get rich in my

teens if I had to start all over again I

started this whole trying to make money

online thing when I initially started

high school but never really saw

anything grow until I was in university

so you're going to want to watch until

the end to see how I would have done it

all faster so I was watching a video

today and one of the things that the guy

was talking about multi multi7 figure

entrepreneur um he was basically

explaining what money is it's simply the

exchange of value so let's just talk

about the elephant in the room and

that's that teens just simply aren't

valuable like I hate to break it to you

but if if if that's the definition of

money right if we're talking about money

being the store of value and you have

none that kind of makes it a little bit

difficult but I also think it provides

some upsides because it kind of lets you

tap into these things that other people

wouldn't be willing to do especially

because you're a teen you see what I

mean by that is I'll I'll be completely

honest teens are pretty dumb right like

the bar is incredibly low and as long as

you take the right steps you can put

yourself way ahead of everybody else

very early on but that's the key thing

you only get that by developing yourself

I see a lot of people getting into these

getrich qu schemes or you know thinking

that these you know quick little ways of

making money is going to be sustainable

when in reality the easiest most

sustainable and honestly most fulfilling

way is by just developing yourself

becoming somebody of value and the final

thing which honestly I wish I had heard

a lot earlier was to kind of reject your

reality right especially if you're

growing up in a middle class situation

maybe even a low class situation where

you're not really surrounded by money

you don't see you know the people that

are spending thousands of dollars on

month that don't even think of money in

the same way you honestly need to break

the reality of that what you currently

know about money and kind of think about

money in this new way which we'll talk

about in a little bit but before we get

into that how do you actually make money

when you're somebody that's not valuable

and when you're a teen there is one

thing that you can leverage over pretty

much anybody else like there's really

not going to be a lot of people that

have this over you and that's the fact

that when you're a teen you have an in

incredible amount of free time where

you're doing nothing now look before

anybody leaves a comment and talks about

how you know they spend all this time at

school and how they have to study and da

listen I was high school valid dictorian

right I completely get the whole study

grind thing and trust me high school is

not as hard as you think it is right

just cuz you have to spend a couple

hours studying does not mean that it's

hard all right you have the time so

instead of playing video games or just

doing nothing with your with your time

it's time to actually make money the

first thing that you can do is door Todo

power washing it's something I've seen

get super popular and honestly it makes

sense why relatively speaking it's

something that you can charge a little

bit higher tier for you only need to

make the onetime investment of the you

know the power washing machine itself

and honestly your parents probably have

one either way so just you know ask to

borrow in something like that and it

also doesn't take a long time right like

power washing someone's driveway or

their their front uh house area doesn't

actually take that much time so it's

super lucrative if you're trying to make

quick money and if you calculate it out

compared to doing something like working

part-time at a fast food restaurant

you're coming out way ahead the second

one when you're somebody that has zero

value to bring is shoveling snow I know

this might sound a little bit goofy

right you see it as like you know the

the little side income thing that kids

always do in in these movies and TV

shows but if you actually take it

seriously and you know you actually like

you know treat it like a real job

instead of this side hustle that little

kids are doing you can actually make

some half decent money now you can't

necessarily charge as much as power

washing somebody's front yard but hey if

you're making anything above 20 bucks

and hour doing these tasks as a high

schooler then honestly you're way ahead

of anybody else that's in your age

bracket and trust me you're way ahead as

somebody with zero value but the reason

that I love this isn't because you make

so much more money relative to working

uh at a fast food restaurant it's not

the fact that you get to control your

own hours you get that taste of being an

entrepreneur it's not those things the

reason why I love it is because it gets

you into the door when it comes to door

to-door sales you see one thing that

I've learned being in this

entrepreneurship game for a little while

is that everything is built upon sales

sales is the foundation of any company

if you don't have sales then you don't

have a company it's that simple and the

faster that you can learn this

especially in something like door to

door where it is I I'll be completely

transparent it's completely ruthless

right you're going to be getting people

told no to you it's going to be

embarrassing all this sort of stuff but

if you're able to learn that early on

you're going to be way ahead when it

comes to selling High ticket later on or

when you're running your own business

things like that it's just such a good

good gateway drug into learning that

high income skill which brings me on to

the next point which is how to actually

become valuable that's all great if you

know you're somebody that like I said

brings zero value to the table but if

you're a teenager how can you actually

become somebody of value in your teens

to make a lot of money and that's by

learning a high income skill now I have

a whole video talking about high income

skills that I love I talk about what I

just said learning sales High ticket

sales selling these big packages um one

other thing that I love is video editing

right people uh are always in constant

need of video editors it's a growing

industry right now especially with the

you know current content creation

economy and it's just something that is

relatively easy to get into or there are

other high income skills like coding but

the bottom line is that you're going to

want to learn one of these high income

skills because you can charge a lot more

compared to shoveling somebody's

driveway now of all the high- income

skills the one that I recommend

especially for teenagers that want to

make money is learning High tocket sales

and there's three major reasons that

you're going to want to do this first is

that philosophically sales isn't every

aspect of your life right yes I know

we're talking about business and making

money and stuff like that but as a

teenager when you want to ask to use

your parents car to go pick up somebody

for a date when you're trying to

convince teachers to give you an extra

boost on your exam Mark or even when

you're sitting with your friends

deciding where to eat if we remove the

word sales and we instead uh put in the

word persuasion right persuasion is in

every aspect in life and it's one skill

that is fundamental and so important for

everybody to learn because it gives you

like almost like this superpower if you

can leverage it the second reason like I

alluded to earlier is that sales is the

backbone of any business like think

about this logically without sales you

don't have any money and without money

you don't have a business like if you're

trying to run a business without sales

it literally makes no sense because

you're kind of just praying and hoping

that you're going to get money handed to

you when in reality that's just not how

it works and don't just take my word for

it right like I've heard in interviews

people like Alex heroi and even Mark

cubin talk about how sales is the number

one fundamental skill but the final

reason that I think sales is the most

important thing especially if you're a

teenager is that sales lets you control

how much money you make you see when

you're a teenager and you get a

part-time job working at a fast food

restaurant you know it doesn't matter

what you do if you kind of put in all

your energy or if you know you're just

lazily getting by doesn't matter either

way you're going to get that $15 an hour

or whatever it is wherever you live

whereas sales that's not the case sales

kind of forces you to harden yourself

and become amazing at what you're doing

because guess what if you don't you're

not making money it's all commission

based right at least the best ones are

commission based and if you aren't

performing if you aren't an absolute

killer at what you're doing then you're

not going to make any money and this is

the perfect formula for people that are

ambitious and people that want to get

better people that want to grow because

everything is dependent on you so okay

you know that sales is this amazing

thing especially if you're a teenager

but how can you actually get started

well I got you first off from a people's

side right understanding kind of human

psychology all that sort of stuff the

first book that you're going to want to

read is How to Win Friends and Influence

People this will kind of Deep dive into

what I was talking about when it comes

to persuasion and just understanding how

the human mind thinks so that you can

almost get inside people's head in a way

not to mention it's just a good book in

general in understanding human nature

which is the basis of pretty much

everything in life everything is human

based next you're going to want to read

$100 million leads by Alex trosi and I

know for a fact that he's either writing

or he just finished writing the sales

book which is I think going to be green

so whenever he releases that read that

too whenever it comes out um you know

I'm going to buy that immediately so the

reason I recommend this book is because

it kind of goes one step ahead of $100

million offers which talks more about

value proposition and offer and things

like that whereas this book talks about

now how to actually Garner attention and

convert that into the outcome that

you're looking for which in our case is

making money now when it comes to actual

tactical sales tips like you know

objection handling how to actually go

through a conversation things like that

100% watch Jeremy Miner his neq

framework is goated you need to take

notes on that cuz it works but the best

thing that you can do compared to

reading all those books binging all of

Jeremy Miner's videos is just practice

trust me the person that goes through

and reads hours and watches hours of all

of that stuff is still going to lose to

the guy that has went out and done hours

of actually walking up to people

knocking on their doors and trying to

sell them something sales is one of

those things where you constantly have

to strive to get better and you

constantly have to put in the work which

is again why I think it's so good as a

teenager cuz it trains that hard work

muscle so okay now we we understand why

it's important you know how to get

started but now how can you actually go

ahead and make money with this the first

way is by looking for opportunities in

groups like Facebook groups a lot of

people especially in the Internet space

are constantly looking for closers sdrs

things like that so you can join these

groups and look for any of those

opportunities that might be out there

from some of the bigger people in the

industry you could go on Facebook you

could go on school you could go on

Instagram pretty much anywhere where a

community of people Garner or where any

of these online entrepreneurs make their

groups the second thing that you can do

which I've done before is you can cold

Outreach people on their sales teams via

LinkedIn LinkedIn is like this shortcut

into contacting the highest level people

in those organizations so if you want to

get an opportunity just hand it to you

this is the best way I'm not saying that

it's easy but if you want to for example

get in contact with the sales manager

about potentially getting a job this

will definitely be the right way so with

both of those things you're kind of

getting a job you're getting an

opportunity to sell somebody's product

and kind of learn on their dime right

but the third one which is a little bit

more risky but what I actually lean more

towards is just selling your own product

the best way that you going to get good

at sales is to Simply sell more what

better way than selling your own product

not to mention you learn so much more

about just understanding product

understanding offers understanding value

proposition understanding customers so

much it's definitely the hardest of the

three no questions asked but I can

guarantee you that you'll learn a ton

from doing this now if you enjoyed this

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