the money trip

Summary

The transcript discusses how money drives modern society through a continuous cycle of earning, spending, and taxation. It criticizes this money system as unfairly benefiting governments via excessive taxes. However, some level of tax is needed to fund public services. The speaker urges people to reduce spending, earn more income, save and invest to build wealth. He then outlines a simple, proven plan for starting a profitable online business in spare time that requires little upfront investment. This can provide passive income and financial freedom. Overall, the talk aims to reveal eye-opening truths about money while providing practical tips for taking control of one's financial destiny.

Takeaways

• 😀 Money is essential for survival, even for homeless people
• 😕 Money keeps moving in a vicious circle, with people and businesses continually paying taxes on it
• 🤑 Governments continuously tax money as it moves to generate revenue
• 😠 High tax rates (up to 40%) are seen as excessive
• 💡 Reducing spending is one way to lower tax liability
• 💰 Earning, saving and investing more money should be a priority
• 📈 Compound interest works for you when you invest over long periods
• 😃 Side hustles and small online businesses are great options to earn extra income
• 😥 Overwhelm prevents people from starting an online business
• 📘 A simple, proven business plan makes online business success achievable gradually through consistent effort

Q & A

What is the main topic the speaker talks about?

The main topic is money - how it works in society, the constant need for it, and how governments tax money as it circulates.

What does the speaker say about local TV news stations and weather reports?

He says they deliberately drag out the weather report over 30 minutes to 1 hour in order to keep viewers watching for longer, allowing them to make more advertising money.

How does the speaker illustrate the constant circulation and taxation of money?

He gives an example of tracking a single $1 bill as it gets passed from person to person, each time getting taxed along the way - income tax, sales tax, business taxes, etc. The governments are always collecting taxes each time money moves.

What percentage of income does the speaker view as reasonable for tax collection by government?

He says 10-20% tax rates are reasonable, but taking 40% or more of someone's income in taxes has become obscene.

What does the speaker suggest people do about the high tax rates?

He suggests reducing spending to lower tax bills, as well as finding legal ways to earn more money, save more, and invest more to take advantage of compound interest over time.

What opportunities does the speaker say are now available for starting a small online business?

He talks about how easy and affordable it is today to reach a global audience online via social media and websites. The barriers to entry are much lower compared to 50 years ago.

What does the speaker say prevents many people from starting their own online business?

He says the overwhelm factor stops people - not having a solid plan to follow that has worked for others. Also, not being able to invest huge amounts per month in advertising.

What timeframe does the speaker recommend to allow a spare time online business to become profitable?

He emphasizes not rushing things. He recommends sticking with it long-term, "keeping peddling the bike forward" through ups and downs, treating it like a marathon rather than a sprint.

What resource does the speaker recommend for a step-by-step business plan?

He recommends getting a simple book (with accompanying video) that reveals a proven spare time business plan that has worked for many other people looking to build an online business.

Why does the speaker encourage having fun with the online business journey?

He says if the process isn't fun, there's no reason to do it. The key is to enjoy the journey while working toward eventual business success.

Outlines

00:00

😕 Never-ending cycle of money and taxes

Paragraph 1 discusses the endless flow of money through society and how everything requires payment. It highlights how news media stretches out weather reports to keep viewers engaged for more ad revenue. The paragraph also examines how money circulates and is repeatedly taxed.

05:01

😠 Governments take too much tax money

Paragraph 2 continues on taxes, arguing that while some taxes are necessary, governments take too much, with total tax burdens reaching 40% in some cases. It urges people to reduce spending to lower taxes paid. The paragraph then suggests ways to earn more money through side hustles and starting a small online business.

10:03

😃 Simple business plan to earn extra income

Paragraph 3 talks about a simple spare time business plan that can generate passive income with just 2 hours of daily work. It mentions that the first website may not succeed but teaches valuable lessons. The paragraph encourages checking out an accompanying free video and ebook for this business model.

Keywords

💡money

Money is a central theme throughout the video script. The narrator discusses how society runs on money, how everyone needs money to survive, and how money circulates continuously while being taxed. He highlights the "money trip" and "vicious circle" around money.

💡taxes

Taxes are presented as an essential but excessive aspect of the money system. The narrator argues that while some taxes are necessary, governments take too large a cut (up to 40%) of people's income through various direct and indirect taxes.

💡business

The narrator advocates starting a small online business as a way to earn more money and get ahead financially. He claims the barriers to launching a business are lower than ever thanks to the internet and encourages viewers to start their own "sparetime business".

💡income

Income refers to the money people earn from jobs, investments, businesses etc. The video focuses on how governments tax income heavily, taking 20-40% of people's paychecks.

💡expenses

Expenses are the costs involved in living and running a business. The narrator advises keeping expenses low when starting a business to increase chances of profitability.

💡investment

Investment means putting money into assets like stocks, bonds, real estate etc. to generate returns over long periods. The video recommends investing and letting compound interest work for you.

💡profit

Profit refers to the money earned from a business or investment after subtracting costs and expenses. The narrator says his business plan can help viewers create profitable websites.

💡savings

Savings means money set aside for future use. The video advises viewers to save more money to increase their financial security.

💡inflation

Inflation is the rate at which prices increase over time. It erodes purchasing power so the narrator warns viewers not to ignore the impact of inflation.

💡interest

Interest refers to the amount paid for borrowing money or earned from investing money. The narrator encourages taking advantage of compound interest over long periods.

Highlights

Money is involved in everything, even just going for a walk.

The news media drags out the weather forecast to keep viewers watching longer and make more money from ads.

Taxes are continuously collected as money circulates through the economy.

Governments create more rules to generate more tax revenue.

It's easy to start an online business today compared to the past.

You can reach the world for free using social media and video.

It's important to have a proven business plan, not just any plan.

This book reveals a simple spare time business plan that has worked for others.

It takes consistent work over time, not just a few weeks, to build a profitable online business.

Ups and downs will happen, treat it like a marathon not a sprint.

Work on your online business in your spare time without anyone knowing.

Your first website might not make money, but will teach valuable lessons.

Have fun and enjoy the journey to online business success.

If you have $10 you can learn this simple spare time business plan.

Check out the free video to see if this plan is right for you.

Transcripts

hey this is Mike Johnson coming at you

from rainy Seattle on a Monday morning

today I want to talk to you about

money the money trip do you ever stop to

think about how money works the money

trip what is really going on in the

world just to survive you need money

everyone needs money to provide basics

even a homeless person requires cash

cash to eat clean up wear clothes

survive and even sleep somebody's got to

be awake and on guard Duty and they

don't do that for free everything has a

minimum cost even if a kind soul was

giving away food you have to be able to

travel to get it you have to smell nice

enough to get inside and you need

someone else to guard your stuff while

you are away Society runs on a payment

system everyone wants to get paid even

the food bank they get donations without

them they'd have to shut

down but money is kind of running in a

vicious circle it never stops moving

from hand to hand think about it why

does the nightly local news deliver the

weather report in tiny

tidbits teasing you with what you really

want to know the old coming up shortly

trick they drip the weather on you but

keep the thing you want to know for very

last it's all about money the longer you

watch the more eyeballs they get to hang

on for another half hour the more money

they make and add Revenue it's a

game if they really wanted to help

people they could give you the whole

story in one shot they know exactly what

anyone watching the weather wants to

know what is the WEA WEA they're doing

tomorrow and they don't tell you that

until the very last

segment very

tricky that is a two-minute answer but

they drag it out for 30 minutes or an

hour every single night on every channel

now I could go on and on about money

money tricks money methods save money

make money give money get money money is

involved in everything you can't walk

Barefoot on a hike in a state park par

without paying for a parking or entry

fee you can't go for a walk down the

road without a variety of costs I mean

you need to buy clothes shoes water food

and more someone has to watch the

children you have to pay for your Fitbit

cell phone water bottle and a place to

live you need transportation and

utilities here's a way to look at money

that might make you angry take $1 any

dollar and think about how many people

touch that dollar you get your paycheck

it's in your hand you pay taxes on that

money you put that money in the bank the

bank has fees hidden and revealed the

bank borrows on that dollar you gave

them to hold now they lend that money

out to someone else who spends it on

something now we have sales tax on what

they buy the place where they purchase

now has some of that money they have

business taxes the business pays its

payroll and hands out paychecks those

people pay taxes on that income the

business buys inventory to restock the

supplier now does the same thing buys

more stock pays its employees more taxes

and fees paid by all that $1 dollar is

continuously being taxed over and O over

as it t

travels thousands of times the same

dollar is taxed every time a dollar

moves more taxes somebody is paying

taxes the winner in all this is the

governments they always win because they

write the laws talk about a no lose deal

create more rules to make more taxes

it's a vicious circle your employer pays

taxes you pay taxes spend money pay

taxes that business pays taxes put money

in the bank the bank pays taxes

employers pay payroll

taxes employees get

paid and there's taxes on every penny

you earn it's quite a racket the money

in taxes

Circle Society revolves around the money

now to run a country and keep it going

taxes are a necessity it costs money to

run and keep things running smooth some

taxes are required but you can take that

too far the longer things go on I for

one don't think the government any

government is enti deed to take 40% of

your hard-earned dollars in taxes that's

reached obscene levels they didn't earn

it 10 20% cool but

40% that's

ridiculous the criminals on the street

never took 40% of a person's income

every year right but governments reach

into your pocket every day every week

every year of your life a little tax

here another little fee here it adds up

to a fortune for someone and that

someone isn't

you people try not to think about it but

it's there it's

reality out of your personal control so

don't get discouraged I pointed out

because it's something to think about

the next time you buy anything here are

just a few examples income tax 20 to

33% FICA tax 8% sales tax on everything

you buy every dollar you spend 10% gas

tax cable TV tax hotel room tax license

fees tax permit fees phone tax mandatory

utilities property tax and business

taxes bottom line everyone wants your

money so they can pay their taxes and

try to get ahead of the game and you

want someone's money so you can do the

same it's a requirement a need a

necessity and a big want everyone wants

more just to keep close to

inflation oh inflation don't even get me

started on that

one now don't go crazy and stop paying

your taxes we have to work within the

system or go to jail reduce your

spending and lower your taxes is always

an option we don't need all that junk

anyway it just sits in the

garage next just do what you can to earn

more save more and invest more put

compound interest to work for you

instead of the bank the sooner the

better time earning interest is the

winning hand let your investment soak

for 20 to 30 years and it will work

harder than you ever have to you'll earn

money in your sleep so how can you earn

more in today's world lots of ways

luckily side hustles gig jobs second

jobs or start your own kitchen table

business anyone can can do that it's

remarkably easy today compared to any

time in the

past all good options that you could do

in your spare time turn off the TV and

you'll discover plenty of spare time

it's never been easier or as affordable

to start your own small business now

that everything has moved online you

don't need thousands of dollars to rent

a store buy and stock inventory or hire

a bunch of

employees you can reach the entire World

for free with social media and YouTube

you can talk to a person on the other

side of the planet in seconds for free

with

zoom a $20 a month website is plenty to

get started and it opens up an

opportunity that people 50 years ago

would have been thrilled to have it's

unimaginable a dream come true what

keeps people from actually doing it from

getting started

it's the overwhelm you need a plan not

just any plan but a proven plan a plan

that other people just like you have

used and profited from it's easy to see

the winners on

clickfunnels but you know most people

aren't

winners only a few

succeed most people can't afford even if

they had a brilliant product to spend

$10,000 a month on Facebook ads some of

those winners spend a 100,000 a month on

Facebook ads sure they make millions but

they spend Millions not all of this not

all of us have that kind of investment

available anyway I'd like to share with

you a simple Todo Sparetime business

plan it's the easiest way I found to

start and run an online business

part-time do you have two hours a day to

work on your business could you squeeze

that time out if you can then this is a

plan for you step by step one step at a

time follow this plan and you have a

great chance to see Evergreen passive

income in a very short

time it'll put you on the road there is

work and time involved money won't flood

your bank account in a matter of weeks

it's a business anyone with a computer

and some Drive can turn

profitable if you keep

working we keep expenses low we don't

rush it we keep keep pedling the bike

forward there will be ups and downs this

isn't a Sprint it's a marathon that you

can work on as you have

time no one needs to know you're doing

it you can do it in the back end behind

the

scenes and just keep plugging

along it's something for

yourself this simple book reveals a

solid plan that's worked before for a

lot of people check out the proof on the

page but first watch this free video to

see what it's all about maybe it's

perfect for you it was perfect for me I

used a similar plan to start not one but

five websites over the last 20 years

three of them were very successful two

didn't make it and that's going to

happen your first website might not make

you any money but it's taught you how to

start your next next one you'll learn

lessons that can make you money in the

future and now I'm using this plan

almost word for word to start my sixth

website in

2024 Watch the free video now and grab a

copy of this book while it's available

if you have $10 you can learn this plan

and be the boss for a change the key is

to have fun and enjoy the journey on the

road to online business business success

if it ain't fun why do it check out the

video for yourself and your family right

now it might surprise you link is in the

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