If there's one thing people want more of it's money however wanting it and making
it are two very different things while some people can make money effortlessly
for the majority of people securing even a single source of income is a challenge
and this inability to earn is causing financial hardship all across the world
right now 78 of americans struggle to cover their bills every single month and
while some of this hardship is due to frivolous spending a lot of it can be
attributed to these people simply not making enough money to cover their basic
expenses like learning how to drive or being able
to tell time everyone should learn how to increase their income as it is truly
an acquirable skill and in this video i will share with you four ways you can
make more money and if you're new to the channel then hit the subscribe button
below for more life-changing content let me share with you the story of my friend
robert and how he was able to dramatically change his financial life
by understanding the four proven ways to make more money meet robert robert is a
29 year old computer programmer living in los angeles robert is a pretty
typical guy who loves spending time with his family and friends and like many
americans feels a strong need to start making more money so that he can reduce
his financial stress and have more opportunities in life in fact living in
one of the most expensive cities in the united states while robert does earn a
reasonable salary he still finds himself struggling to save money every month
he's moved into cheaper housing leverage public transit rather than buying a car
but at this point he's cut all the costs he can and has come to the point where
he will need to start earning more money if he wants to improve his financial
situation one night robert was watching youtube when he came across a video on
making more money the video was a full-length speech by business
consultant daniel krueger called how to escape poverty is your thinking keeping
you poor typically robert doesn't watch suggested videos but the title caught
his attention so we decided to give the video a chance as the video started the
speaker began to talk about the epiphanies of growing your wealth and
escaping poverty he explained that as an employee you're just a cog in the system
working very hard for next to nothing while all the revenues you earn rise up
to the top members of the organization and sadly for these people who make up
the majority in our society they have no one to turn to in order to acquire the
guidance that can help them get out of this financial dead end because it's the
same money-making model that all other poor people are subjecting themselves to
like most people robert was told to take the safe path by getting a college
education securing a job and then working for decades until retirement
while this lifestyle may have been fruitful in the industrial age humans
have now transcended into the age of information and this traditional path is
no longer the optimal way of making a living in fact as robert was watching
the video he learned that there are four proven ways to make money of which the
final one was going to allow him to unlock his earning potential and never
struggle financially ever again so let's now go through the four ways to make
money that my friend robert learned and how each one of them related to his life
as a computer programmer as robert continued to watch the video he was
introduced to the wheelbarrow way and the first step in this money-making
methodology was to go out into the world and earn coins here's how you do it you
pick up your wheelbarrow load it full of dirt and for every hour that you push
your wheelbarrow you will get one coin if you want a second coin you have to
push your wheelbarrow for a second hour do this for eight hours a day every day
and all of a sudden you are now working in the typical 9 to 5 mold in fact this
is the exact model robert currently finds himself in every morning he
commutes to work writes code for eight hours and then calls it quits and goes
home however robert has been working in this model for a while and not long
after he started he came to realize that pushing his wheelbarrow for eight hours
a day in exchange for coins didn't mean he would be able to live the lifestyle
he desired when robert realized that his income from his nine to five job wasn't
going to be sufficient to cover his needs he began looking for other ways to
make money and one method he decided to adopt was freelancing as a programmer
there were numerous clients that would want to pay for his expertise so instead
of pushing one wheelbarrow daily he began pushing two one wheelbarrow in the
daytime and one wheelbarrow in the evening sure this method makes more
coins or for robert money but it detracts from the other important
aspects of your life like having fun with friends or spending time with
family as you can see neither of these two methods of pushing your wheelbarrow
will afford you to have the lifestyle you want or quite frankly deserve and
luckily there are better ways to push your wheelbarrow than what robert was
initially doing but if there's one important message to take from robert's
current state it's that you should never attach your earnings to how many hours
you can push your wheelbarrow so if this isn't a viable way of earning more coins
what other options do you have the second way you can use your wheelbarrow
to make more money is to start collecting more valuable inventory as
robert is watching the video speaker douglas krueger said that if you can
collect diamonds instead of dirt then you can immediately start making more
money per hour the concept of collecting a more valuable resource would be like
improving your skills or adopting a high income skill like sales or copywriting
for robert this could mean learning a coding language that is in high demand
or one that very few people have mastered which he can use to increase
his hourly rate at his job or through his freelance work now this method of
making money does require you to trade time for money but at least the time you
trade will be for a significant return in fact i think everyone needs to have a
high income skill but i will talk more about that later the third way to make
more money is to hire someone else to push a second wheelbarrow and then you
take a little bit of their profits in robert's case this could mean hiring
another computer programmer to work on freelance projects that he's acquired
from clients and then pocketing the difference between his income and
however much he pays his employee this is basically the model that most
businesses use to make money and while this can earn you more there also is
more risk involved you see for robert he would have to pay his employee
regardless of whether he was able to acquire new work but then if he was
successful in doing so he could also offload his work and collect the profits
now the fourth way to make money is to swap out your wheelbarrow for a better
money making tool whether you're pushing the wheelbarrow or someone else's you
are still not collecting resources in the most efficient way possible and this
way of thinking isn't exactly intuitive it's like the example of henry ford and
the model t he's famously quoted as having said that if i had asked people
what they wanted they would have said faster horses and in this case of making
money most people will tell you different ways to push your wheelbarrow
but ultimately you need to ditch the wheelbarrow for something better in
today's world this can be like a product or a scalable service for instance
robert could create a pre-packaged coding software that his clients could
purchase and use to satisfy their needs this fourth method of making money comes
down to creating something once and then serving it to thousands or even millions
of people instead of having to interact with each individual client a prime
example of this concept in action is apple and the iphone the world needed
better telecommunication capabilities and instead of steve jobs just working
his nine to five hours and collecting a paycheck he figured out how to provide
value to a massive audience which has made apple one of the most successful
companies of all time so let's recap quickly the four ways to make more money
number one is to push your wheelbarrow for longer hours most people have to do
this in the beginning just to get started it allows them to not only
collect a few coins but come to appreciate that this method of
collecting coins will never make them rich
method number two is to start filling your wheelbarrow with more valuable
inventory this means acquiring higher income skills that will allow you to
trade your time for more money this is essentially maximizing the return you
will realize when still operating within the time for money model money-making
method number three involves hiring someone else to push a second
wheelbarrow this money-making method requires you to assume more risk than
simply pushing your own wheel of arrow however it can also allow you to make
money without spending your own personal time which in many cases is worth taking
on the extra risk and cost the final method is to swap out your wheelbarrow
for a more effective tool which i've already explained is a product or
scalable service that you can extend to the masses in short this tool will
require you to exchange value at scale leveraging the concept of working
smarter rather than harder from my personal experience using all four of
the money making methods previously outlined i can tell you that the quicker
you can move away from selling your time for low returns the better in the
context of the story you want to move from collecting dirt to collecting
diamonds in the shortest time frame possible for me this meant learning and
mastering the art of copywriting in order to stop trading my time for
minimal return and instead multiply my hourly earnings while you
would think that as someone with multiple degrees that i would pursue the
acquisition of skills through formal education i actually cultivated this
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thanks for watching if you want to go from the life you have to the life you
deserve then hit the subscribe button now