- You know, growin' up I had no idea
what being wealthy even meant.
Like I understand I guess, what rich was
but for me, rich was driving a Corvette
or being able to go out to eat more than once a week
'cause I didn't do that growin' up.
So when people started talking about how the
secrets of obtaining wealth and becoming wealthy,
I'm just like, well secrets?
Well these are secrets that are not passed
down to me 'cause no one's told me the secret.
And then it took me a while to figure it out
and then when I started looking at other people,
that I would consider being wealthy
or having obtained wealth, I started to understand
what made them different, what made them
more successful than other people that always
talked about becoming wealthy and getting wealthy
but yet they never did, right?
They were still stuck in this sad state
of always wanting to get wealth but they could
never figure out how to do it.
So when I started looking at all these other people
that actually I would consider to be wealthy,
I noticed that there was this commonality
that they were doing.
And this was a commonality that I was able
to do myself but the sad thing is that most people,
they don't do it.
I would guess that 95% of people that want
to obtain wealth don't this one thing.
So what is this one thing that they don't do?
Well, that's what I'm gonna talk about today.
(upbeat music)
You know, I can remember growin' up as a kid.
I grew up in a small town so in a small town,
you know who has the money.
These are the people with the big houses,
with the big fancy cars, and now that I've moved
to the Nashville area, we're talking serious money.
We're talking a lot bigger houses, a lot nicer cars,
cars that I don't think I even knew existed
until I came here and you kind of ask, you always
ask this question, I really wonder what they do?
I wonder how they made their wealth.
What was their claim to fame?
How are they able to afford such nice things?
Starting my career as a financial advisor,
I was pretty much taught or I guess
I should say brainwashed that to think that investing
in mutual funds, ETFs, individual stocks
was the only way to truly make money
and that's not a bad way to grow your wealth,
to become wealthy,
but that's definitely more of a long-term strategy.
And you'll be able to afford the nicer cars,
the bigger houses later on.
But what about those like in their '30s and their '40s
that are enjoying this wealth right now
that for many just seems unattainable?
Like it just doesn't even seem like a reality
that you could even afford anything like that.
Let me tell you, there was a point in my life
where I thought that.
Now, you have to remember I didn't come from a household
that had any wealth principles passed down to me.
Both my parents filed for bankruptcy.
They didn't teach me how to invest.
They didn't even know what the word wealthy meant.
These were all things I had to learn on my own.
Most of this way through reading books.
Eventually it was reading blog posts
and listening to podcasts but it also was
just talking to other people that were successful,
that had earned money, that had obtained
the status of being wealthy.
And when I started to dive in
and learn more about what they did,
I was able to finally get it
and then start applying that to my life.
But it wasn't overnight.
But it was just making this one fundamental shift,
just making this one choice,
to do this one thing, this one different thing
that most people don't do
that ended up being this game changer for me.
So a book that I read that I talk about a lot,
you can check out other videos
where I talk about this book,
but Rich Dad Poor Dad.
I mean it really just changed my life in so many ways.
But really what it did was it challenged my way of thinking.
It challenged my way of approaching not just life,
but approaching business, approaching how I make money,
approaching how I increase my income.
And even in that book, they don't,
Robert Kiyosaki, he doesn't really give you
like a clear cut formula,
like go do this and do this and do this
I mean he talks about multi-level marketing,
which I've voiced my opinion about in other videos.
But really what it did was it challenged me
to try something new, to do something different.
And that began this journey of just trying different things.
And so I read that book.
I tried multi-level marketing, didn't work out.
I tried real estate, which I've talked about before,
didn't work out.
And what I, the big thing that most people don't do
is that when they try to focus on building their wealth
and just becoming more wealthy
is they just try to figure out,
how could I make more money from my job?
Is that getting raises?
Is that trying to get promoted?
Is it going back to school and getting a certification?
Some way where it's going to build up my resume
so that I can get that pay increase.
And you know, typically, people get decent raises
but it's very rare that you see somebody
get a 20-30% raise or double their salary
within a year's time.
I mean you're happy to get 3-5%.
Sometimes you're just lucky even to have a job.
What most people don't do
is try to find a way that you can make money on the side.
Is there some sort of side hustle that you can do
that is allowing you to make money
that is independent of your current job?
And that is what 95% of people don't do
and I don't know why they don't do it.
I think a lot of times they're just scared to try.
They're scared to fail.
They don't know where to start, so they don't start at all.
But all these things that I tried,
I mean, this was me independent
of being a financial planner,
trying MLM, trying real estate, reading books and just
let my mind wander
of all these different things I could try.
But it wasn't until I started my blog
that I was able to finally have a success story to share.
(upbeat music)
See what happened was before then,
the only money that I ever made
was from my financial planning business,
getting new clients, which was the equivalent
of having a salary, having income from my job.
So to actually go out and make money
from something else that was not dependent
on me getting new clients, getting raises,
hoping for a promotion to see my income go up,
that was a game changer for me.
But the funny thing about this was
the first thing that, the first amount that I made
was $100 and it took me several months
to get to that $100 level where I finally
had something to show for it.
But that $100 that I made, it just, it blew me away
because it showed me that there is another way,
that I can make money doing something on the side,
And now the question was, okay, well how do I grow it?
How do I grow it from $100 to $200 to $500 to $1000?
And it just opened up the door, opened up my mind,
showing me that there was so much more potential here
and I was jazzed.
(upbeat music)
And yet, 95% of people don't, they don't try.
They don't make that effort to make extra money.
Or, you know, sometimes they're like
I'm making extra money 'cause I'm doing Uber
or I'm selling my stuff on Ebay.
And there's one thing to doing Ebay arbitrage
or doing Amazon arbitrage.
Okay, that's some cool ways to make money.
But is that something that you can scale?
If you can, that's great, that's awesome,
but making that extra $100,
that is not having a garage sale and making a hundred bucks.
It's finding a way that is just different
than anything that you've ever done
and just finding a way to make that extra money
because what happens through that entire process
is that you uncover ways that you didn't know existed.
And for me, had I not started MLM,
had I not attempted real estate,
it never would have gotten me to even starting a blog.
It's like I had to go through all those experiences.
Some might call them failures.
I don't call that a failure.
Like, that was just a stepping stone
to the next big thing, and for me, it was blogging
and blogging has led to so many other things
that, once again, I never would have known
had I not started.
So are you that 95% that hasn't attempted
to make extra money on the side?
Have you not attempted to do some sort of side hustle
that allows you some extra income?
Challenge yourself to see if you can make
an extra $100 on the side.
Like I said, this is not a garage sale.
This is not selling some clothes on some Facebook group
that you already own.
I'm talking about trying to go on Etsy
and create something that people wanna people.
Or if you ever heard of the site fiverr,
that allows you to do all types of freelancing type things,
from graphic design, video editing, logo design.
I mean there's some crazy cool things you can do on there
for extra money.
But the whole point of this is to challenge yourself,
challenge yourself to do something
that you've never done before and make that first $100.
Because for me, that $100 was a breakthrough
to show me that there is so much more potential out there,
not just for me, but also for you as well.
So what is it that you're gonna do?
I challenge you, share in the comments below,
how you're gonna make that first $100
doing something you've never done before.
Let me know in the comments what you're gonna do
and if you haven't subscribed and all that fun stuff,
go ahead and do that, but more importantly,
I want you to go out and make that first $100
and let me know how you're gonna do it.
This is Jeff Rose reminding you
that it's your money, your life, and only you
can make it awesome.
You just gotta do something.
Peace.
(upbeat music)