ladies and gentlemen absolutely everyone wants to know how to make ten thousand dollars a month as a student the only issue is there's a lot of BS out there there's a lot of misinformation and there's a lot of people making it seem a lot easier than it actually is so in today's video I'm gonna break down the three main components you need to focus on in order to make ten thousand dollars a month as a student now in this video I'm gonna give you the three main components but after you finish watching this video I'm Gonna Leave a link in the description and that link will take you to my most popular video so far this year on YouTube that video breaks down the seven to eight most popular online business models and will help you break down and figure out what will work the best for you this year now the first thing you need in order to hit ten thousand dollars a month as a student is the right vehicle and let me tell you what I mean you see the thing is you need a means you need an opportunity that is big enough but not too risky you can actually achieve ten thousand dollars a month as a student now I will say that ten thousand dollars a month and I'm really not trying to be insensitive here I understand that I was a fringe case I hit ten thousand dollars a month when I was 17 years old but I'm gonna talk about that a little later on in this video and how I actually got to that place I had ten thousand dollars a month when I was 17 years old and by the end of that year before I turned 18 I was hitting 30 to 40 000 a month so I'm speaking here from experience you need a vehicle a way that you can make that sort of money but a way in which you're not gonna risk losing all of the money that you do have so the first thing that I will tell you is trading is out the window I'm gonna be very honest with you there's a lot of Traders out there that are trying to sell you BS because when you sign up with their little affiliate link and you get your ten dollars free blah blah blah when you lose money that's actually where they make money they don't make money on the little ten dollars or twenty dollar sign up that they get when you join they make money when you lose they're literally incentivized for you to lose and listen that's just the honest truth of it even if you have a thousand dollars for you to take a thousand dollars and turn that into ten or twenty thousand dollars in a single year is actually very difficult the amount of success successful trades the average of all those successful trades is very very difficult whereas for you to take a thousand dollars and invest that into starting a very lean online business I mean by the end of the year you're talking tens of thousands of dollars I don't think realistically you're gonna hit hundreds of thousands of dollars in your first year it happens sometimes but it's very unrealistic but definitely by the end of the year you should be making more than your average salary if you were just working a traditional nine to five and the best part is you should be able to do it remotely so in order to make money you need something that spits out free cash flow and what I mean by that is profit that you can actually use because here's the other thing I'm going to tell you people always look at net worth they go oh he has 100 million dollars net worth but his entire net worth is in his company and he can't take out money out of his company because he may have investors or this or that or you have certain people for example a lot of people in the property game where they have a lot of money their portfolio is worth a lot but they're not very cash Rich they don't actually have a lot of cash laying around they're wealthy but their money is tied up in places and that's not the place that you want to be at when you're first starting a business so a lot of businesses like for example building a proper e-commerce brand and by the way when I say proper e-commerce brand once again I'm speaking from experience I've had an eyewear company for a few years and the thing is the packaging Everything Is Beautiful we've got this beautiful black velvet finish on the inside so this business is okay it's my smallest business it makes around 1.2 to 1.5 million dollars a year and that sounds great Until you realize that we have 50 margins so I'm only keeping 50 of that money and it's even worse when you realize that any of my profit that I make I can't keep I have to roll that into New Stock because especially a product like this is actually very difficult to make so for me to put in an order now of another five thousand to ten thousand units I may only get that in three four five months depending on the time of the year so even though someone would look at him go that's a 1.5 million dollar a year business at 50 margins you never actually get to keep that profit because you always have to reinvest into the business and that is very different to for example a service based business so if you're offering a service to clients whether that be building their marketing funnels whether that be doing their short form content you know little short form tick tocks and reels and doing lots of those and creating many accounts for them and distributing it all over the internet all the way to doing for example their Google ads and focusing specifically on Google ads for e-commerce Brands as an example listen whatever the service is it needs to have one of two things High perceived value to the client and what I mean by that is it needs to be something that they're like oh wow this is actually worth it I'm more than happy as a business to pay this external consultant or service provider a thousand dollars a month three thousand dollars a month you name it or it needs to have high leverage and what I mean by that is listen you can still be an online personal trainer but if you want to make ten thousand dollars a month you need to hire people below you who work as coaches and that way you're an online personal trainer and you do some of the coaching but then you may have coaches underneath you you know personal trainers that work with local gyms and you just pay them a small fee and they do the rest of coaching so that's leverage or let's say you have an agency that creates YouTube thumbnails for people thumbnails on YouTube are such an important aspect to video but people don't pay crazy amounts for thumbnails but if you can hire someone in Brazil Romania India for a thousand dollars a month which is a great salary there especially remotely and their work is able to produce three four five thousand dollars a month in terms of business for your thumbnail agency or for your thumbnail Performance Marketing business whatever you want to call yourself the point is is that that is leverage that's you being able to take something off your plate so either you need to offer a service or guidance Consulting on something that brings so much value to businesses that you can actually make 10K a month just as a solopreneur or more realistically you'll be able to do it solo until three four five thousand dollars a month and then you need to start using leverage and you need to maybe make a little less on the margin but make far more money at the end of the month because you have people who can deliver these things for you so just remember with the business models that I'm talking about you're not going to make 100 million dollars I'm gonna be very honest with you but the other thing that you're not gonna do is you're not gonna go broke and that's the unfortunate thing with a lot of these other businesses for example I'll give you my main business my software company that is business that gets into the multiple nine figures and that's all cool and fine and well but you need to realize there's a big chunk of money needed that I had to put forward to start the company and that's number one but then I had the massive competitive advantage of a massive audience and even me it took me four years to be like listen I'm not ready I'm not ready I don't feel like I have the skill set the understanding and the sort of influence to start a business worth hundreds of millions of dollars so what did I do I started a service based business back in 2016 and I ran that business for six years so just remember the business model that gets you to ten thousand dollars a month and by the way I actually managed to get my service based business up to 150 000 a month in profit can never get further than that I tried I'm sure someone else has been able to do it but for the way that I wanted to run it which was lean remote no office I was pretty happy with that so as I was saying the business that gets you the 10K a month will not necessarily get you to a hundred million dollars but that's okay baby steps here choose the right vehicle for the right career stage you're at and then the next component to making ten thousand dollars a month once you find the right vehicle is stretch out the timeline and here is the very unfortunate thing about social media you see 20 years ago if you were let's say 21 years old and you were making four thousand dollars a month without having to go to a traditional nine to five you would think that you are a king you would think that you're a baller you would think that you are killing it and we live in such a up world where now you look online and you think I'm 21 years old and I don't work a traditional nine to five and I have location freedom and I have time freedom I can wake up whenever I want but I'm only making four thousand dollars a month I'm not making ten thousand dollars a month and you feel depressed because of it how up is that and by the way I even know that I have a part to play in that because what I've been able to do in my career at my age is not normal but that's why I always like to tell people that listen what I've done is very unrealistic and a third of it was incredible dedication and hard work a third of it was timing creating the right businesses at the right time and the last third of it was luck or God or whatever you want to call it whether you're a person of Faith or not up to you so I like to make that very clear to people and then I also like Point people back to 2015 when I was broke and I was starting a business to take care of me and my single mom and I was going to the gym every single day and recording it I was reading a book a week and putting out on YouTube so you need to understand I started my first business my first Venture and at that point you know I was really more of a side Hustle but still I was making a few thousand dollars a month back in 2014 and granted I only did that for a few months and then that business model stopped working and then I moved to the next thing but really the point is I was putting in work between 2014 to 2017 and it took me three years to have my first ten thousand dollars a month and that's totally fine that's actually pretty cool if you work as hard as I did do I think it will take you three years no because it's so crazy the internet moves so quickly the back in 2014 I didn't have the opportunities that you can have today even things like getting payment processors were so difficult back then it was it was such a struggle to even just try to do business being a 14 year old whereas these days you have so many more options so do I think it will take you three years if you really dedicate pick the right vehicle follow all of the advice that I give you in this video do I think that it will take you 3 years no honestly no but even if it does who cares I really cannot stress how vital it is that you set your expectations to making ten thousand dollars a month set your expectation not in months but in years don't think how many months it's gonna take me think how many years now here's the thing if you achieve it quicker Bless you that's amazing I'm over the moon for you and listen try to get rich faster of course do it wealth needs to be built slowly and Welfare is built over time but try to get rich try to make as much money as you can ethically and morally that is but at the end of the day I'm trying to set these expectations for you because here's the thing many of you guys will try and let's say you're giving your absolute best for six months and if your expectations are oh within six months you know I was expecting to be doing seven thousand dollars already and you're only doing twelve hundred dollars from your online business dude you're making twelve hundred dollars online do you realize how amazing that is and here's the beautiful thing when it rains it pours and by the way that also applies negatively and positively in life and the point here here is this is usually how business works and this is what I can tell you now coming up to 10 years since I started my first side hustle and getting to a point where I have a conglomerate of businesses and over 150 employees the way it works is usually something like this it goes like this and you Flatline for the longest time and right as you're thinking like am I just gonna be stuck here forever it shoots up and then you Flatline it shoots up and by the way within these points you have little down moments and stuff like that but the point is there's a lot of flat lining there's a lot of you getting to a new level in life and then really cementing it really setting that foundation so I wanted to make this clear and I wanted to make this one of the other components just so that way your expectations are clear they're in the right place and so you don't quit before you even properly try now the last component to making ten thousand dollars a month and it's kind of like if you're running a marathon I would much rather tell people that hey on Mile 18 that's really going to be the tough mile that's really where things are gonna get rough because at least when you face something if you have context beforehand it makes it a little easier and you feel less alone so I want to give you guys context not only for how to get to 10K but what happens once you hit 10K you see the third component is not just getting there it's staying there you see making 10 000 a month and once again I'm really trying my best not to be insensitive here I get it I have done it I've witnessed thousands of people do it even in my close proximity so I know that for me it may seem easier than for you guys for some of you guys you may be looking at this and going okay well it's easy for you to say but trust me you'll you'll understand in due time making ten thousand dollars a month is the easy part continuing to make ten thousand dollars a month that's where it gets difficult and also keeping that money and then multiplying it growing your wealth over time and rather than acting like some new money idiots learn from old money even in my situation even though I am new money I knew from day one that I would make it but I always promised myself that I would study old money to understand how to actually keep it and multiply my wealth so the third component of making ten thousand dollars a month is understanding that once you get there you're not done that is actually simply just the beginning now it is time to cement your place have that as a Baseline and the crazy thing is we all have Financial baselines you know for me I remember when when my Baseline was a thousand dollars a month and this around six years ago I was still in school at this point and that doesn't mean what you're trying to make what you're aiming to make it just means if you go below that point it will keep you up you're like this it doesn't match your identity you're like this isn't me and I remember when I went from a thousand dollars and I went to five thousand dollars and then went to ten thousand dollars and listen since then I've been very blessed to have an amazing career and it's gone up to a hundred thousand dollars a month and now a million dollars a month and you know God willing at some point it'll be a few million dollars a month and that'll be my absolute Baseline I can't even conceive a reality where it's less than that so the point I'm trying to make is once you get to 10K a month it's more than about making it an identity it's more than about making that as your Baseline as I said your financial identity is not what you're aiming for it's where anything below that and you would just feel off you'll be like this isn't me I'm I'm better than this so number one is get to 10K a month and once you get there make it your financial identity and once that is solid and that's locked in then you can keep working your way up the ranks so ladies and gentlemen I hope this has been useful to you and as always I'm watching you from afar and I'm rooting for you