SNEAKO - September 28, 20224 Reasons Why You're Poor
Episode Stats
Words per Minute
231.69202
Summary
In this episode, I talk about the 4 reasons why you're poor, and why you have no excuse in the year 2022 if you still can't figure out how to make money, shame on you. 1. You can't look yourself in the mirror and be honest about your current situation. 2. You have to make 101 excuses for the situation you re in. 3. You're not happy with your financial situation. 4. You don't have enough money.
Transcript
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You know what, let's cut out all of the warm, fuzzy, self-help talk.
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And I'm going to be the first person to speak to you frankly today.
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I'm going to tell you the four reasons why you're poor.
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And reason number one is because you saw this title and it triggered you.
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You've listened to the first 10 or 20 seconds of this YouTube video
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And that says far more about you than anything else.
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The first reason you're poor is because you can't look yourself in the mirror
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You can't take criticism without even trying to protect your ego.
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You know, usually there's two things that most people can't take responsibility for.
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It's number one, how much money they have in their bank account.
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If you're watching this video, it means that you have Wi-Fi
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as well as some sort of device that connects you to the global economy.
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If you still can't figure out how to make money, shame on you.
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because there's a lot of people I know who don't make much money
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You know, you can tell a lot when you actually look someone in the eyes.
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And you can tell, are they saying this just to cope with their situation?
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And they're like, yeah, like I make more money.
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And I don't believe it's in everyone's destiny to become a multimillionaire.
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But if you're watching this video right now, it tells me everything I need to know,
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which is you are not happy with your financial situation.
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You know, as I said, I am never bothered by a fat person who looks himself in the mirror
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You know, maybe I could lose a little bit of weight.
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Maybe I could lower my body fat percentage, but I'm fine with where I am.
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You know, my issue is when I see fat people explaining 101 different reasons why.
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Or there's this special reason why I'm different compared to everyone else out there.
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And I know these people live a very sad existence because they have to look themselves
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in the mirror every single night and be okay with the fact that they lie to themselves.
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The most important on earth, they lie to themselves.
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You know, sometimes I don't drink for a few weeks.
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Sometimes I drink every single day in a week, especially when I'm abroad traveling with friends.
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No one is going to try to pretend that drinking alcohol is good for me.
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At least when I'm drinking, I'm not there making 101 excuses why I can't stop or why
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actually, you know what, maybe drinking is actually kind of good for you.
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And in this situation, I have decided that the pros outweigh the cons, but I've made this
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decision to drink on this particular day and I'm okay with it.
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That is me being able to unemotionally assess my situation.
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I've had many friends go, hey, I think you shouldn't smoke cigars.
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And I'm like, I understand there's health implications, but it's one of those things that just I'm going
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But the point is when someone gives me that sort of criticism or constructive criticism, I can look
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at things objectively and I can assess the situation without getting triggered, without feeling a
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person's attacking me, without feeling that I'm fundamentally a bad person or I'm flawed.
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So the first reason you're poor is because you cannot look at your life critically without your
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little ego getting shattered and without feeling like you have to make 101 different excuses for
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the reason you're in the situation you're in right now.
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Now, speaking of identity, identity is kind of a funny thing in 2022, because it feels as though
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in the world right now, everyone kind of accepts you can change your identity and you can
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You know, you could be a fan of one sport and then the next year, you know, start getting
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And then now you identify as a fan of that sport.
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You could be very into street style and identify as someone who dressed a little edgier.
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Do you like this type of video or is it repetitive?
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Some people I see in the chat is calling it generic.
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We're going to talk to him on stream right now.
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And Chad, also, I'm going to Romania tomorrow to meet up with Luke Belmar, Fresh and Fit,
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The 17 side hustles you can start doing in 2022.
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Jordan was saying I should do a, like, I spent a day with the Tate brothers main channel
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I just bought a $5,000 MacBook today to try to be able to stream while I'm in Europe.
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Nothing more important during this 2022 recession than increasing your ability to earn income.
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I don't know if you've noticed, but there is money everywhere.
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So in this video, I wanted to put together a list of 17 side hustles.
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But destiny will tell you that it's just crypto, that it's all scam.
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A little bit of supplementary income on the side.
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Now, if you want a comparison of the eight most common business models, I actually created
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I uploaded a YouTube video earlier this year using an equation and a formula to basically
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get down to the bottom of which online business model is the best.
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I'm going to leave it as a first link in the description if you want to watch it.
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TikTok is blowing up right now because of its algorithms.
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And for both people and businesses, it is a very valuable asset.
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So whether you're actually creating user generated content for businesses or you're just being
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a TikTok editor for an influencer or a business that can actually go ahead and repurpose.
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Or for example, there's so many podcasts out there.
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You can actually come in and repurpose all of their podcast content and tell them, hey,
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I'm going to create an entirely new channel for you with TikTok.
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Then go ahead and look at places like Twitter and search graphic design help on Twitter.
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You know, on Twitter, people will put out, hey, do you know any good graphic designers?
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This is actually a very easy way to get clients.
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You need to understand that there are hundreds of thousands of businesses out there that need better graphic design work
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and the difference in pay that they're willing to give between a good graphic designer and a great graphic designer is massive.
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Number three, we have a boutique marketing agency.
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It could be literally anything, whether that be thumbnails, Facebook ads, Google ads, TikTok ads, email marketing,
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whatever it is, basically any service that helps businesses make more money.
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And the agency aspect of it is simply using leverage.
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No longer just doing it yourself, but using drop servicing to actually have someone else fulfill the services for you.
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You're just finding the clients and wrapping it all under your experience.
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By the way, that business small is actually how I got to $80,000 a month back in 2018, two years into running my agency.
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Do you have something that you are super excited to talk about something?
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You know, you just can't stop talking about to your friends.
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And have you always felt that you might have a good propensity for being on camera?
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Well, being a YouTuber can actually be super, super lucrative.
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Bear in mind, it's a very, very slow burn for a long time.
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I basically made like zero money all the way up until 20, 2021.
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These days, I make close to $50,000 a month in AdSense.
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And for most of, for example, 2019, I had monetization turned off anyways.
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But these days, I make close to $50,000 a month.
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If you make finance videos, your CPM is going to be so fucking high.
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Jordan Welch and Imangachi, bro, they make like $50,000, $60,000 giving advice videos, stuff like that.
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The thing is, you can't really make these videos unless you have other business ventures because you can't just be talking about nothing.
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But $50,000 a month from this channel is crazy, bro.
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Chad, someone tell me why it has to be on the left wrist.
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Why is everyone like so fucking, return the watch and get Seiko's cost $300 instead of $30,000.
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Yeah, well, I don't like to walk around with like icy shit, bro.
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You know, even if you're just earning an extra $1,500 a month doing something that you probably would-
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And you know what I just learned yesterday going out to dinner with him and Jordan?
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That's why all these rich people are going to Puerto Rico, Dubai, and all the bad bitches are there.
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Would have loved to do anyways or talking about something and it could be anything.
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You could be super into chess and you could teach people how to play chess online or you could react to certain games.
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Now people were making so much money between 2014, 2017, even 2018 with Instagram theme pages.
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I, in fact, was one of those people with the first business I ever started was Instagram theme pages.
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And then basically flipping accounts, rebranding them to more profit.
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Well, niches are basically selling shout outs and promotions and stuff like that.
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Now that is all great, but that got very, very saturated.
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Now, let's say you're very, very, very intrigued, excited, interested about a topic.
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And, you know, nothing against you for it, but you may just not have the sort.
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You just invest in a shit coin and then just hope you get lucky.
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You don't need to be a streamer, but you could be a YouTube script writer, YouTube editor, YouTube manager.
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And this is what I know because I'm a YouTuber.
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There's so many hustles behind the scenes, bro.
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Then you can actually be a YouTube script writer and you look at the music industry, for example,
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and there are so many script writers that are actually sort of the heartbeat and the lifeblood.
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You've never seen those videos where it's just an automated thing and people are giving life stories and stuff like that.
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There's so many of these channels that you guys probably don't watch it, but there's a big demographic of people who watch this on YouTube.
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You can serve that exact same purpose by being a YouTube script writer for a YouTuber.
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If there is something that you have mastered, you are talented, whether that be chess coach.
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You know, there's a lot of people who want to improve chess.
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You could be a guitar coach and you could do that remotely via Zoom.
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You could be whatever sort of coach that you want.
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You know, if there's something that you're very, very good at, then you can.
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And by the way, if some of you guys have a little bit of apprehension towards, you know, coaching.
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Just start off your hourly rate at like $20 or something.
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Next side hustle is video editing, creating some bangers for people.
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Look, all this shit you can find out in the creativity content is the current best form of marketing.
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So if you can create videos for people, whether that be shorts, reels, actual YouTube videos, full blown YouTube videos, literally whatever it is, if you can do it and you can do it in a way where you turn things around quickly, because a lot of people and a lot of editors are just way too slow.
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And number two, if you can do it in a way where you look at everything through the lens of the highest retention, you know, specifically tell clients, hey, I edit things in a way where you're going to do it.
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In a way where you're going to get the best retention possible.
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You are going to get the highest percentage of people watching the video from the beginning to the end.
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This is very good, especially if you have a lot of stuff around the house that you can sell from day one.
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And if you don't have that, you can pull a Gary V and basically go bully some seven year olds at a garage sale.
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People working fucking four hours for 30 bucks.
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I'm only joking, but I do find some of those videos pretty funny.
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So yeah, you can get some of those stuff and then go ahead and list it on eBay.
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And you know, a lot of your competition won't know how to list things properly.
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You know, they won't know how to actually take photos with the right lighting.
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So if you know how to do that, you're going to have a massive competitive advantage.
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And this side hustle has been there for thousands and thousands of years.
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Okay. There will always be a difference between the people who don't know how to market and the people that do.
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And you take two people selling the exact same thing.
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And this person will sell it for twice, three times, five times, 10 times the amount that this person did.
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And they both bought it for the exact same price.
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Now people will pay a lot of money if you can take care of their emails for them, weekly newsletter, whatever, you know, any sort of form, you know, their Facebook updates, anything they need to do to actually get written word out.
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Even their Twitter posts, anything you can do to help alleviate the stress that they have of putting out written content.
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You know, there's only three or four skills where I would say no matter who you are, if you can learn it, and it doesn't really matter what industry you get into, it will serve you for the rest of your life.
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So as I said, whether that's helping with emails, whether that's helping with sales scripts, whether that's helping with landing pages, you know, Twitter posts, anything.
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If you can help people articulate, present themselves and sell more via written word, you in return will get paid a lot of money.
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Speaking of skills that will carry through for the rest of your life.