Do THIS to Make $10,000 as a Student | Summary and Q&A

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June 6, 2023
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Iman Gadzhi
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Do THIS to Make $10,000 as a Student

TL;DR

This video provides advice for students on how to make $10,000 a month by focusing on the right vehicle, stretching out the timeline, and solidifying financial identity.

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Key Insights

  • 🚘 The right vehicle: To make $10,000 a month as a student, you need a lucrative opportunity that provides enough income without excessive risk.
  • πŸ’Έ Trading caution: Trading may not be the best path to achieving $10,000 a month, as successful trades can be challenging to consistently achieve.
  • πŸ“ˆ Online business advantage: Investing in starting a lean online business can yield significant profits, potentially surpassing your average salary within a year if done right.
  • πŸ’° Focus on free cash flow: Look for business models that generate consistent and sustainable free cash flow, allowing you to use profits as needed.
  • πŸ’Ό Service-based leverage: Offering high-value services or leveraging your skills to hire and manage others can help achieve the $10,000 monthly goal.
  • πŸ§ͺ Time and realistic expectations: Building wealth takes time, and it's crucial to set realistic expectations, considering years rather than months to reach the desired income level.
  • ♂️ Marathon mindset: Building wealth is a marathon, not a sprint. Expect periods of flatlining punctuated by growth spurts along the way.
  • πŸ’Ž Cementing success: Reaching $10,000 a month is just the beginning; focus on maintaining and growing your income to solidify your financial position.

Transcript

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 ... Read More

Questions & Answers

Q: What are the three main components to making $10,000 a month as a student?

The three main components are finding the right vehicle, stretching out the timeline, and solidifying financial identity.

Q: Why does the video mention that trading is not a good option for making $10,000 a month?

The video mentions that trading is not recommended because it is difficult to achieve consistent success and there are risks involved. Additionally, some traders may actually profit when their clients lose money.

Q: How does the video suggest making $10,000 a month with a service-based business?

The video suggests offering a service with high perceived value or leverage, such as consulting or hiring coaches to work under you. By providing valuable services to clients, it is possible to make $10,000 a month or more.

Q: What role does setting expectations play in making $10,000 a month as a student?

Setting realistic expectations is important to avoid feeling discouraged. The video advises thinking in terms of years instead of months and understanding that building wealth takes time and dedication.

Q: Why is it mentioned that making $10,000 a month is just the beginning?

Making $10,000 a month is seen as a baseline or financial identity. Once this level of income is achieved, the focus shifts to solidifying it as the minimum and continuing to work towards higher levels of wealth.

Answer:

Summary & Key Takeaways

  • The first component is finding the right vehicle, such as a lean online business or a service-based business with high perceived value or leverage.

  • The second component is stretching out the timeline and setting realistic expectations for the time it takes to reach $10,000 a month.

  • The third component is solidifying the financial identity by making $10,000 a month the baseline and continuing to grow wealth over time.

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