Hey everyone, Paul Mendes here, and in this video, I am going to be going over how you can escape the
vicious paycheck to paycheck cycle that a lot of people, unfortunately, find themselves in.
There's a lot of different reports out there and one of them is as high as 75% of all
Americans are living paycheck-to-paycheck. So that means if an unexpected expense comes up
then they need to go in debt to pay that. So if you're one of those people or if thankfully you're
not but you want to figure out how you never have to go back to that paycheck-to-paycheck
cycle again, make sure you tune into this video because I am going to be going over exactly how
I was able to leave my 9-to-5, get out of that paycheck-to-paycheck cycle and ultimately go
into business for myself. When I was in my 9-to-5 about four or five years ago, I remember always
in the back of my head I knew I was going to be an entrepreneur I just didn't know-how
and I always knew that was the key for me because I never wanted to just be an employee and make a
steady income, and always really be working for someone else's dream. I wasn't really passionate
if it wasn't something that was really going to impact me. So if you're one of those people or if
your just interested in what entrepreneurship can bring to you and how it can help you leave that
paycheck-to-paycheck cycle, where you're always waiting for that next money, you're always looking
forward to the weekend where you can clock out of work, I'm talking a life like I built for myself
where I get to work on projects that excite me, I get to have the freedom where if I want to take
a day off, If I want to visit family, It's there and you can do the same thing. You need to look at
what type of income you can provide for yourself on the side. You do not want to leave your 9-to-5
right away. Once you've made your decision to leave then that's when the work actually starts,
because if you just go and you quit your 9-to-5 job, that is so risky. If you don't have much of
a savings cushion, and you don't have any income coming in from another source like online income,
you're going to be putting yourself in a position basically to fail.
Now I'm not saying failure's bad, but you need to be repaired and do this the smart way. So
in order to do that what you need to do is first focus on what type of business makes sense for you
to start and there's all these online guru's and there's so many different people out there telling
you different methods to make money online. So it can be hard to really know what is actually legit.
What I am going to be revealing is the real way to make money online, not a get rich quick scheme,
not passive income, because in reality unless you have a lot of money to invest,
nothing is going to be passive at this point. It's going to take work but hey so does being in a 9-to
5 and having you know your soul sucked from you every day and feeling like you're a prisoner. That
takes work too, so it's up to you, do you want to put the work into building your own income,
your own business as your personal brand on the side, or do you just want to say that's too hard
and never go for it. So I'm sure if you're still in this video you want to figure out how to do
that. Int he next step is to decipher out of all those different methods online of people
saying how to make money, you know there's people talking about affiliate marketing and real-estate,
passive investing, they're talking about drop-shipping, building an E-Commerce site,
amazon businesses, there's all these different things but I am going to be real with you,
a lot of those different methods are just Guru's selling you different systems and they are selling
you that dream that you can just set up a store, and all the sudden you're going to
be rich. That's really not how it happens and I actually started my own drop-shipping store
about four years ago when I was trying to figure out the whole entrepreneurship thing
and it took so much effort and investment just to get everything up and running, all the tools,
the system, the software and on top of that when I finally got a sale it only made me like whatever.
a few bucks a profit. I quickly realized that this was not going to be the answer and I'm not
saying it's not for specific people, if you have a passion and a specific product go for it. However,
for most people, that's not the way to do it. Now I am going to reveal the best way you can really
leave your paycheck-to-paycheck cycle that's through building an online service business.
This means simply you provide a service for someone else online. Typically it's going
to be a business owner and you're going to be helping them with some sort of task or service
that they don't have the time for. Or that they don't have the knowledge to do themselves,
and really it's not that difficult when you start to look at all the different tools that are out
there to help you learn these different skills and services, so I'm talking everything from freelance
digital marketing to copywriting, to customer service, to video-editing, voice-overs.I mean
there's so many different online services you can provide and I have a lot of videos on the channel
breaking down some of the most in-demand of those skills. In reality, all you have to do is start
doing some research and you can pick up a skill whether it's digital marketing, website design,
online ad management like I do and it can turn into a very profitable side income for you
so that's what I am suggesting you do if you want to leave your 9-to-5 eventually.
Don't quit right away, start an online service business on the side, it takes zero investment. As
opposed to all the other types of businesses, all you have to do is invest some of your time into
building your online service business and go out there and get some clients. There's no investment
inexpensive technology, in specific hardware, of course, you're going to need a computer and an
internet but besides that, it really is just up to you, and then use the time that you do have.
So for me I had nights and weekends after my 9-to-5 and I would put in a few hours every
night into really learning a skill and eventually once I had a couple clients,
that's when I would start to wake up early provide those services in the morning,
then after work. What I am getting at here is you want to bring your side income, your side hustle,
that online service business as high as what your 9-to-5 income. So once you have that income,
that monthly cash-flow coming in, then once it surpasses your 9-to-5
then you're in a position to actually leave your 9-to-5 job so you can continue growing
your service business. So not only can building an online service business where you're basically
freelancing for companies, you're providing your services, and you're getting paid online,
not only can it provide you all the freedom that working from wherever you want gives you,
but it can also give you the ability to make much more money then you were previously making.
So this isn't once again, a get rich scheme this takes work and obviously, it makes sense
to have some savings before you make that leap at least three to four months of your
monthly expenses you want to have that in the bank just in case anything else does slow down but once
you have that savings and once you have that online service business set up and it's bringing
you money on the side, then you'll be able to start really escape that paycheck-to-paycheck
cycle. That's exactly how I did it and you can do it in the most ethical way possible where you're
not working on your business while your at your 9-to-5 you just separate it, you dedicate a couple
Netflix hours at night to building your business and I'm telling you it's the greatest thing you
can do for yourself is to escape that cycle. Once you do, everything that comes is such an added
benefit to your life. I am so happy I did it when I was still young, I didn't waste too much time
in that corporate world where I knew I didn't want to be, my soul didn't want to be there,
it wanted to get paid for the work that I put in. I wanted to spend more time with my family
and my parents and just everyone in my life, and having a 9-to-5 just didn't allow me that.
I barely had vacation and even though I was doing work I enjoyed there I knew I
could make it bigger, I knew I could do more for myself, and I know if you're watching this video,
you can do the same. So I am suggesting that you go out there and you start taking some action.This
is a zero investment business you can go you can start, start making money online as a side-hustle.
Once that gets bigger than your 9-to-5 income, now you're in the driver seat. You can take control
and the best feeling in the world you'll be able to fire your boss, go out to work on your own,
make your own money, and build your own legacy. My name is Paul Mendes
Founder of Profitable Freelancer and until the next video, I look forward to your future success.