 What's the three most realistic ways you could put $400,000 cash in your bank account in the next 12 months? Let's talk about it one disclaimer. I don't know where you live. So I don't know your tax situation It's different if you're in Dubai versus California. I was on the phone with a guy who's in sales He made a million dollars commission this year and he told me but I only kept 750 of it 200,000 went to the federal government and 50,000 went to the state So we'll talk about that's a little more advanced We'll talk about that at the end and this is for a person who doesn't have a big social media following This is for a person who doesn't necessarily even want to be on camera and try to become a social media influencer What's the three most realistic ways? I'm gonna tell you what I did when I started out Now I did not put 400,000 in my bank account. I was a teenager when I started but first thing I did was a food business Real story. I have an intern program for one of my companies and there's a guy who I have a company called farmers cart with Self-food in the United States and this guy is like tie copied your farmers cart and I made fishers cart He's like tie you always say public Picasso quote good artist copy great artist steel But he goes I made a gross to million dollars and netted about 150,000 So is the intern I thought I'm pretty good, you know, I just started working for me a week ago Here's the crazy thing. He did it in the Philippines a million dollars revenue Philippines 150,000 when you look at the cost of living So I'll just throw out there food business Food security is becoming a big deal. Look at all the stuff happening in the world Where food used to be this global network but now supply chain issues you can start out simple beef jerky Look at craved beef jerky. I think the guy sold it start as like a college experiment sold it for a Couple hundred million. You see those epic bars he quest I was just with Tom bill you are speaking at the NFT conference in Miami bill quest bar Don't don't don't sleep on the food business one thing What are people gonna need food shelter water masalas hierarchy of needs too many people think it's an over saturated market And they forget that is yeah, maybe over saturated But there's guess what eight billion people who we know need those three things food shelter water And I was just reading Bloomberg. I said the Cargill family, which is one of the big agricultural families in the United States There's 150 of them who receive money. It's a 200 or 150 year old business Started with one grain been food business in the Midwest United States now 117 people split What did it say five billion profit? From food one of the wealthiest families in the world You always think of the Ross child's the Rockefeller's people talk about don't sleep on food business You can start something small my first business was at six. I tried to sell cherry tomatoes, you know a little stand I live kind of in the bad part of California and nobody bought anything. I switched to lemonade Pull a sugar and stuff people bought it So you have everything from Jeff Bezos billionaire buying Whole Foods you have upstarts There's a company guy. No started true local in Canada build it, you know deliver food and like You know, it's kind of like butcher box kind of thing sold for ten. I think 10 20 million bucks I don't know the exact number, but That is something that if you look at this intern I have in the Philippines did 150,000 Philippines That was in US dollars by the way, but 150 $15,000 and the Philippines is the buying power like you're making 600,000 in the US So I know that's not 400,000 like I said the video, but there's just an example Where there's money to be made food has become more scarce Prices are going up. That's number one and I'll talk a little bit more of what I would do on a practical basis I gave you this one the guy made fishers cart. He sells seafood Locally delivers it in the Philippines that works in America. There's multiple businesses doing that started from scratch Making people a lot more than 400,000 in their bank account number two I'm gonna go with old-school sales 80 percent of billionaires if you read the self-made Billionaire effect a study of self-made billionaires people would inherit their money 70 to 80 percent of them Started in sales mark Cuban the billionaires like tie started selling, you know Garbage bags door-to-door What's Elon Musk is one of the great salespeople of all time he bought a video on Twitter now now I'm not saying he's only a salesperson. He's expanded. He's certainly one of the great Genius entrepreneurs of all time, but if you look at the core if you read between the lines He understands persuasion and I would just say if you want to I was telling you at the beginning this call about taxes This guy made it as a real estate agent did a million dollars commissions sales What he what that guy does that's unique for say real estate agents is that he didn't have a real estate agent background He comes from a totally different background like engineer, but he used that to make himself stand out for the crowd So the way to make money in sales is through story-based persuasion if you've seen my videos, you know Here in my garage that was a story and I was very persuasive to people not everybody's don't feels controversy Some people said oh get rich quick scheme But at the core of the people actually paid attention or like wait a second this story moves me And so the way you could put $400,000 in your bank account if you come a master storyteller now How do you become a master storyteller? I have a fun way watch more Netflix movies, but Watch the award-winning ones watch the don't watch, you know the dumb ones You're watching for a reason. You're watching to understand you like Steven Spielberg. Here's a practical example or George Lucas Star Wars Return of the Jedi is one of the best-selling movies of all time most well-known Star Wars series. What is something that both George Lucas and Steven Spielberg did Indiana Jones Star Wars? They put One most exciting scenes at the beginning. So first thing you learn about persuasion is the hook Whether you're doing a real estate agent whether you're selling a solar panels door-to-door Whether you're selling social media marketing agency or e-commerce services. You got to know your hook and You can learn that by watching the great storytellers Movies on Netflix Amazon Prime. I usually go to Amazon Prime You can rent a movie if you want to save a little money and go to Academy of Work winners Action movies are great, you know drama things that move people great art moves people great sales people move people emotionally And so as you move from just pure logic in an emotional realm You get good at sales and when you go good at sales Everybody wants to hire you especially if you'll work for commissions because there's no risk to the employer So some of you have a solar panel business. They could be selling vacuums They could be a social media marketing agency. They'll hire you if you say, you know, I'll come on my master story tell I know how to close through persuasion and emotion and storytelling Like you can make four hundred thousand dollars in two months. I Have somebody who I did a biz I did this business bodyguard program in 2017 back when I was in Beverly Hills And I basically said I'm gonna bring 40 people come Shadow me and I started out with 40 people and I just cut it until who I thought were the best candidates And one of the guys Andrew had spent time. He was on my social media. A lot of you saw him from Staten Island Nobody's family ever make much money kind of from a rough neighborhood. I think he went on to do phone car sales He went on now. He's actually working an investment bank in California, but he did car sales Was doing over 400,000 a year Because he learned first story based persuasion So that's the second thing by the way that food is great But I would start with store number two I'm giving you as a powerful one because you're gonna extrapolate it into any area to make money number three is Start an agency either. I'm gonna give you three agency ideas Okay, when I say an agency, it's kind of like consulting you become a genius at something and you charge businesses You're best is to charge businesses not your next door neighbor charge a company I was making a million bucks five grand a month to do something for them. Best thing is marketing e-commerce and crypto Now crypto would be like crypto promo. So there's if I'm starting my agency I'm either starting an e-com one. There's a million people using Shopify None of them know what they're doing. They don't know how to set up their Google analytics They don't know how to set up the API's for the email and the SMS services. It's a no-brainer How do I know I own a big e-com company a holding company? I want some of the biggest brands in the United States 160 million people Visited or 160 million visits to my e-com stores, you know, this is businesses doing way over a hundred million dollars I'm not saying that to brag. I'm telling you I know as one as a CEO of a huge e-commerce holding company The hardest thing for me to do is hire people who know Practical things I will hire consultants. I have about 16 consultants working for me that I'm hiring some do Google analytics Some will improve the email marketing you know Even HR a consultant who knows so take a skill you have I would Focus it around marketing and e-com, but there's other things you could help people headhunters my cousin She went to high school with a couple people who started task us like out of their backyard It's worth two billion dollars now All they do is connect companies who need customer support agents and like the Philippines and a couple countries When they take a cut in the middle of the worst is a two billion dollar company So they offer their service so basically you become a genius at some business skill It could be Google analytics and be Facebook ads. It could be HR side of things It can be a paralegal. Sometimes you need a Degree in that and sometimes you don't sometimes be basic bookkeeping But maybe you don't do it all you bring in the client through sales and persuasion and then you match up Some people who work for you or you match them up with the offshore agency. This works Like this can put four hundred thousand dollars in your bank account in the next 12 months Like this is realistic Now what if you have no skill now? Well, you can learn it quick You can four months you can learn hardcore skills E-com no very I started E-com decades ago like I started as a teenager So like there's not many people I can't find people like me So I'll hire somebody who only has four months experience if they're sharpened on a quick learning curve So, you know, I own pure one a radio shack and all these about 30 million paying customers on my E-com My weakness is not marketing It's not having a brand in businesses. We know how to do the tech. It's finding Little specialized ninja geniuses little genius so E-coms great how to set up your Shopify store big commerce. I'm building a My own E-com software called Brahms will be connecting people with consultants They peep the out of these million people have Shopify stores Probably 99% of them are set up wrong because average person who builds a e-commerce store doesn't want to become an expert on any Every needy little greedy thing So Google Analytics is a great one I'm actually looking today at five different Google Analytics consultants because I buy companies and I buy companies faster than I can hire enough People to install Google Analytics. It's a free piece of software. You can get a Google Analytics They have Google Analytics University free course Google offers. You get a certificate. You can take it I don't know it takes a week or something. That's a skill You can leverage just Google Analytics into $400,000 a year like per brand I have if I knew somebody could set up Google Analytics right and I had to drop 10 20,000 per brand You know, and I buy companies some time for one a month Google We even put you on their directory if they're good and refer people to you who search You can go on Upwork. That's a clear $400,000 winner right there anything around e-com setting up stores for people But not the whole store just fixing one little thing of course Facebook ads Of course running their Instagram tick-tock virality is something people are gonna pay all the restaurant Just restaurants doctors Dennis cosmetic surgeons gonna pay you Like come on don't want to do this think they want to do this a Doctor who's 60 years old been doing orthopedic surgery. You think they want to be like I want to learn Tick-tock viral Influencer no Never maybe they'll go on the camera though if you hold the camera So you don't have to be in the videos you can charge arm and a leg if you bring High-end businesses customers you can charge crazy number first person. I started training back Six seven years ago. He didn't have a bank account first doctor gave him $20,000 his first question to me I was mentoring me shadowing me was tie How do I open a bank account never had open who's the 19 this works and by the way you might say is it more saturated now? Yeah, but there's more supply of e-com for you to pursue Supply and demand is by the way you can say the supply You can be on the demand side or the supply side depending on how you look at either way the supply to demand ratio of Ninja experts is In your favor in your favor People are still going to college getting a traditional business degree. I mean I stopped I hire hundreds of people a year I stopped looking at people's College degree resume because I'm like I'm on the cutting edge So if you're on the cutting edge you live on the cutting edge of one little skill how to if you can bring people coders devs Programmers to build their website for them. They might need custom content or designers You don't you can just be up if you're good with people and just be a HR middle person Where you're like, hey, I have ten people that you can go to Upwork and say you want me to find you work You can find people everywhere that won't work You connect them with businesses you take 20% cut you put $400,000 in bank account You do 2 million through there at 20% that's nothing You know that's nothing Because these are high-paid people you play so This video can be longer and longer. I what I the point of this video is like let me show you like real three real ways Number one food business. I like it is relevant to where the world is now all the stuff happening in the world supply chain issues global, you know International strife war all this people go back to basics while food number two people all Companies need sales people if you're extroverted or even introvert and you can get out there and talk to me Just tell stories Sales isn't even you know, like, you know, Wolfville Wall Street sell me this pen I'll tell you how to sell a pen and need a story about the pen You're not going to be able to just take a pen with no story a regular pen I've got one here big pen that you can't there's no salesperson in the world that alone makes that Compelling but if there's a story behind it This is the pen, you know that the president of the United States was holding When he did blankety blank blank and this is inspirational pen Sure, you're not the president of the United States, but buy this from me for 200 bucks You got bragging rights on it You can turn it into an NFT if you want like all sudden you must somebody might pay you $200 for a big pen That's a dollar, but it has to have a story That's kind of a stupid example, but I'm just saying you can weave stories all day and long If there's somebody whose mind races you have anxiety like a lot of people Harness the anxiety into storytelling because of the the hallmark of an anxious person One of them is their minds kind of races a lot maybe in the middle of night But you can harness that you could turn it lemons into lemonade In the modern world everything gets medicated away But if you look at evolution the reason some people are hyperactive or ADD or anxious It has what dr. David bust my mentor taught me is called, you know, and it evolutionarily or evolution Evolutionary adaptive purpose. You're part of a long chain of successful DNA grandparents who survived and great great grandparents who survived and thrived Despite whatever handicap they had whether it be anxiety depression, you know Coming from nothing and a lot of it was done through storytelling It's an underrated tool. I was reading the romanoff empire a book on the romanoff empire, you know started basically late 1500s early 1600s One of the great russian empires Ended in 1917 Mid-war one the bolshevik revolution, but those the good storytellers like Peter the great Catherine the great i've been the terrible if you think about u.s. History or european history you have people, you know Abraham Lincoln Nikolai tesla There's stories around these people. That's all you have So this number two as you become a master storyteller Money flows into your bank account if you can harness it in some form of a commercial way And if you want to be an artist you can do it through movies If you don't want to be commercial and be a door-to-door salesperson or be a phone salesperson or do any type of sales There's still the the medium art And even all music is telling a story. It doesn't use words, but it paints an emotional picture It triggers hormones in the brain when you hear this song that has cognitive dissonance You think ah it brings out the emotions. It's telling a story of anger and strife and when the music is melodic It's telling a story of peace and so great musicians are also Just storytellers whether they be classical artists, you know or it be What even you know dj's electronic music is all the same And so as as you become that person in this second practical way A great storyteller whether it be through word for those of you hyper introverted You don't want to be on video and social media write a book an e-book I have a student of mine one of my followers who just does e-books He makes 100,000 200,000 dollars per e-book and then moves on and writes another one writes a real practical skill one Makes a little funnel for it how to do how to use google excel better You could write a book on how to do google analytics So and books like that get some reviews on them That's a whole another conversation But there's something for everybody in the sales and persuasion area and then that third area I talked about which is take a micro skill that you've learned that you can teach yourself in under four months And harness it into cash flow Into cash flow you become an e-com specialist become google analytics especially becoming email specialist You become a social media posting specialists By the way, if you don't like the sales side you team up with the salesperson Post on your instagram story like even if you only have 3000 followers on instagram be like hey I'm starting a business. I need somebody who's more outgoing than me to help me sell it Extraverts will pop in friend of ask a friend of a friend as I started my email list, you know, which has generated 50 million plus of revenue I don't even know more than that And I started in 2012 And I started with 10 to 20 people. I remember it was such a small email list I just cc'd them all and what my specialty back then that helped people added value was I would read a book that people didn't have time to read and I'd write a one page summary and I'd give it to them for free And off that I then could ask people. Hey, I want to do this anybody knows somebody like this So you build your network too as you become a specialist in one simple thing You can do it in fitness and nutrition too, you know, that's a pretty saturated market But there's still money to be made You're gonna be but if I if you go into fitness look at that Instagram liver king one of the best branding I've seen You know, he just specializes in people who want to eat meat who want to eat bone marrow who are into the primal He doesn't try to capture the whole market. He doesn't go after vegan vegetarian Flexitarian pescatarian is like yo, I'm hardcore. I lift heavy weights in and that story As my second mentor island nation told me said the crazy thing about a large population world. It's no matter what niche Small thing, you know, there's a million people interested in it. You could pick any weird thing You didn't want to know all the things I don't even want to know all the weird things that interest people But like I said, his specialty is eating bone marrow and liver For you know, most people thought a liver as a punishment. He's turned into a whole multimillion dollar brand or maybe even eight figure brand so Micro focus and then you take that you either harness it through a service Where you charge 500 to 5000 a month or you can productize it, which is a whole another video and a little more advanced, but You getting any value from this I'm gonna start posting some more videos Smash the subscribe button Leave a comment. What did I forget? What did I leave out? I'm just doing this off the cuff So You know on a saturday afternoon What did I forget? Leave a comment What do you disagree? I'm not I'm not scared of controversy. What's bs about this all time? This won't ever put 400,000 dollars in the bank. I mean meanwhile Meanwhile, there's more 20 year old billionaires in human history right now. I was just reading the story of the guy who started off What was that app? Bolt he's like Mid-20s worth a couple bill And he's just happening while the naysayers I told people years ago like yo this thing this age of Entrepreneurs here and people in and it was like oh tie this is a get rich quick scheme And now there's more wealth created in the hands of people who usually in history know young people had wealth That was something you had to be pretty old I mean if you were in 1800s, there was no 20 year old billionaires unless they inherited the money or your royalty, you know so Sun's starting to get strong here Keep the mind open Ignore the skeptics You know Bigger you get the cooler it will be to criticize you among your family That's what'll happen Bigger you get the more money starts to nothing pisses people off more of the money I post videos on my farm. No, whatever it gets mad. I post the video with lamborghini Boy all the tall poppy syndrome amongst those Who uh Our macchiavelli and pops up You're gonna experience it. So I give you this little warning that I'll talk about taxes for a second um I record a video on do you really want to get rich? You should watch it somewhere on my youtube It's a little warning to you Welcome to the jungle not everybody should go in the jungle even the jungle even though wealth seems fun The wealth comes with snakes quick skanks quicksand And jaguars ready to jump and kill you and uh So maybe 400,000 is all you need to make If you're smart live off the land Live cheaply you might be able to take 400,000 and go far You just get the only guy you're rich once, you know 400,000 is not rich, but it is if you're in the philippines And I have a global audience. So this isn't just to people who are living in the u.s Now taxes, let's just talk about this. I'm not giving you professional tax advice. I'm not a cpa. I'm not a tax counter but I am somebody who has spends a couple million dollars a year on tax attorneys cpas cross I own 40 or 50 assets. So I'll tell you what I've learned From accounting and legal and that kind of more boring stuff specifically taxes um Thank heart long and hard about where you live jeff bezos Can one of the richest people in the world because he was mindful and he was um intentional about where he lived most people just live wherever they were born and that's okay maybe you live there because you have family or what not but If you want to pursue this game correctly, you need to at least be intentional so that could be living in a different state if you're in united states It could be a slightly different structure, but it needs to be part of the game I putting this in this video. This is a subject most people will shirk and shy away from Of making 400 grand, you know, especially those of you in crypto So I just did a iona app called speakeasy. It's a pot live podcast app and I brought a cpa specializes in crypto in If you live in the u.s. Or many countries, it's gonna be it's gonna be a crazy game What happens on coin for coin, you know token for token type swaps nfts Mining how those are taxed If you're getting rewards staking rewards Anyway, yeah, that's a whole another video But what I will say is those people who are not intentional create wealth They build something and then they give it all away. You should pay taxes but um How do I say this diplomatically? pay what you owe But make sure you know what you're doing and Simplest thing you can do is think about where you live Now for those of you outside the u.s. It's much different because u.s. Taxes you based on your passport don't care where you live With few exceptions Other countries are not that way u.s. Is and one other country I think Kenya or something or the only two countries that tax you by passport. So You know be intentional wealth is created through wise intentions and pre-planned you can't plan everything You know clausowitz the famous German general and late 1800s early 1900s who really Created the german war machine Which you can argue the ethics of it But one thing he used to say is that you know very plans don't withstand contact with the enemy or as Mike Tyson said everybody has a plan till I punch him in the face so um If it's me I'm going why do I live here? Where else could I live part time? I'm talking to cpa. It's like, you know, I think I'm gonna start making money And you have to have a saying when you see a tidal wave coming Don't wait till the last minute to jump out of the way because the tidal wave has a long and far flowing reach So if you think you're gonna start making some real money um You need to have thought about this ahead of time Because the money will it's very easy to have a money come in one hand and go out the other You know First time you pay seven figures in taxes you'll be like I understand this video doc Some of you might be paying a meal five mil ten million at one year in taxes and you go wow Money goes out easy, but it's a little trickier to get in so you can't just think As uh elon musk loves to quote the famous business quote only the paranoid survive um I'm not sure I like that one from the standpoint of like do I really want to be paranoid just to Enhance my survival maybe but what I would say is that It's the organized and conscientious that survived. That's the real science conscientiousness If you look at a hexco score, which is a more advanced personality test than 16 personalities Myers-Briggs and so on when you look at that What the real science shows it's those people who have conscientiousness and one of the sub facets of conscientiousness is organization diligence diligence prudence and Perfectionism so perfectionism they think they they think a little bit about their taxes ahead of time They think about their jurisdiction. They're going to be in they think about structures And if you don't understand I remember starting now, you know now I'm multinational in the sense that I own companies. I just Oh signed a restaurant deal in in europe and do hotels and global stuff But I remember starting out being overwhelmed Good news is a lot of good stuff on google. I'll record some content on this stuff about being international and some of the pros and cons um, but Purposes video in this section. I'm talking about now is to get the mind Spinning and to get the mind active and go Don't have to just live where I am. I don't have to just suffer. I can take As uh, the great tour hyder at all the explorer of norwegian Hero, you know, he said It's kind of like we're puppets and strings. It seems Other things, you know, you can't control your parents. You can't control where you're born Can't control if you're born into wealth or not, but he said You can pull on the strings We're not just puppets And when I think about making four hundred thousand if I was starting over putting down a bank account I'm going part of that is me be proactively pulling on the strings ahead of time starting to think through How am I going to do my books on my account? All right, how am I going to set up my legal? Where am I going to live? Where's the business going to run through? How am I going to manage my expenses so I can legally deduct what I can deduct? And as you go down that path all of a sudden you go to a higher level You're not just somebody can make four hundred thousand dollars in a year. You're somebody who As the saying goes He who is faithful with the little will be faithful with a lot or she and so When you're not faithful When you make your first four hundred grand and it all goes out the back door and expenses Somebody steals it from you a family member will often try to steal money from you frivolous lawsuit a spouse and the ex the tax man You know, even when you're not faithful on that four hundred thousand Why should you ever make four million? I have found whatever religion you believe I have found whether you're an atheist or not There is this overriding principle that seems to move through planet earth, which is People who are sloppy with little stuff never get the big stuff Shouldn't say never there's always exceptions But in general like, you know, I was born To a single mom my dad was in prison in Long Beach not a rich part of Los Angeles and I now met the ultra wealthy and You know billionaires and have mentors and and kind of being different social circles when I started and I have not found Anyone on the top who's sloppy But a lot of my poor friends I still a lot of poor friends. They're all sloppy They are most of them are so we like to think like oh, it's all luck that you make money and sure There's always a large element of luck. There's an element of luck and you're being born You know being born healthy But the element of luck then if all humans have luck then you can hold that constant You can hold that variable constant And therefore if all humans are born with an element of risk that variable is held constant Guess what then you have to focus on what's not constant for all people and there's massive variation among humans And people who pay attention to what they're doing And people who aren't lazy and people who don't procrastinate people who have control over their own mind and emotions And have the discipline that comes from that and they get rewarded and I'm telling you Take it from me first hand. I can tell you you don't need to read about this in some blog I don't meet sloppy people at the top None ever In terms of self-created wealth. I haven't met every rich kid who just inherited their parents money um, I have met some they tend to be on a booth heads, you know as you would expect but You got a reverse engineer. Okay, it's not just about getting 400,000 at bank account. It's going once I have the 400,000 How do I continue to deploy the assets? And now you get an M&A, which is something that I do, you know, full-time buying businesses and stuff We'll talk about that in another video Smash the like and subscribe leave a comment on what I forgot to say. I'm sure I missed something here. It's an exhaustive topic and I just I'm headed to the gym. So I just thought I'd pop in trying this new cinematic view on this iphone 13. So Um, yeah, head over to Tyler with calm. I got a VIP list I just coded this new technology to be able to send My sms list my text list to everybody in the world because it used to be hard with twillio and these guys To send if you didn't live in America. So I'm gonna be sending out once a week So I'm kind of cutting edge videos that I'm not going to post on my public stuff So head over to tidal bus.com join the sms list if you want those it's free You know and you can unsubscribe Carrier rates may apply. What are those disclaimers living award? You got to disclaim everything Yo, if you watch this video, you may not make 400,000 even though the title says you might like I got to make a disclaimer Like this is where civilization finds itself You know The inability to take any responsibility So somebody watches a video on youtube that says here's out of a 400 and they don't make it and they're like I'm gonna blame the youtube This is youtube or facebook. This is like education slash entertainment You know at the end of the day, you have to learn it yourself It's like the dolly llamas says three levels of learning one is hearing comes in one ear not absorb The second is hearing thoughtful about it and it you try to be intentional the third is second nature So second nature when making money second nature Then the game becomes easy But like a sport, how does the game become second nature comes to repetition in 10 000 hours to want the average chess master is what 25 000 hours so Unfortunately, if you came to this video and you thought I've seen videos that are even simpler. I saw a video on youtube was How I make $50 every two minutes or something on autopilot. I was thinking I know why that has a lot of views Suckers born every minute. I guess That's not my message to the world. My message is that 400 000 people put in their bank account if they build hardcore skill Which can be built much faster than ever in a in a highly kind of Rapidly advancing society where everybody who's skilled at something 10 years ago. They're outdated knowledge That's what my contention against universities by the time they write these textbooks would take two years That stuff's already outdated the stuff i'm doing on my econ brands pier one stuff like that That what worked six months ago doesn't work anymore So you got to stay on the edge knowledge my friends so Anyway, talk you soon