- Dan what are some examples of high income skills.
Now if you have watched my Wealth Triangle video,
you know there's three parts to the triangle.
The first part is high-income skill,
the second part is scalable business,
and the third part is high-return investments.
Today I'm not going to talk about all that,
because you can watch the video,
I go more in depth on that concept,
but for now,
let's just talk about high-income skills.
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Now for high income skills,
I define high income skills
as a skill that can make you a minimum
of ten thousand dollars a month,
or a hundred and twenty thousand dollars per year.
So,
and it's skill set that you developed
that you can deliver value to the market place.
Now,
with a high income skill,
you're still trading hours for dollars,
but you're trading your hours for high dollars;
And notice I said skill,
it is not a job,
if it's a job then it's high income job.
The problem with the job is
you're value is determined,
not by the marketplace,
but by a manager or by a boss.
So there's very little that you can do
to dramatically increase your earning ability,
to increase your income.
Versus with a high income skill,
if you are better at what you do,
if you are better at closing,
you're better at attracting clients,
you can make more just like that.
So let me give you an example of my own career.
My very first high income skill that I've developed,
as a young guy in my early twenties,
was copywriting.
I was writing ads and sales letters for entrepreneurs
and companies,
and crafting these sales literatures
and marketing pieces for them,
and I was making about ten thousand a month
as a young guy in my early twenties.
And back then,
I know for you watching this,
it may be a lot of money,
it may not be a lot of money,
but back then for a young guy,
early twenties,
that felt like a million bucks;
That ten thousand a month
was a lot of money for me back then.
So,
that's my first high income skill.
Then eventually,
as I was writing copy for clients,
they were asking me,
"Well Dan,
that's great that you write these marketing pieces
and sales copy for us,
but how gonna use it?
What's the best way to use this?"
So I said well you do this and this and this
and I started giving them advice.
So from the high income number one skill is copywriting
and then transitioning into kind of consulting,
marketing consultation.
And I was making about another hundred thousand dollars,
hundred and twenty thousand dollars a year
doing that;
So added another six figure income to my earning ability.
And third,
after I was doing that and I was
transitioning into doing internet marketing cause from,
back then,
if you read my book 'F.U. Money',
if you haven't you go to fumoneybook.com to download it.
And through that period of time,
and I transitioned,
I was doing internet marketing,
I was making more and more money and it was great,
and people started asking me,
"Well Dan,
how do you do this internet marketing stuff?
Can you teach us?"
I say "like what do you mean?"
"Like can you do a class?"
I said "do a class?
Like what does that look like?"
And so basically,
I got pushed into doing my first kind of seminar,
and at first we had a few people
and then it grew to a thousand people
and then it grew and grew to hundreds of people;
Then it developed my third high income skill
which is public speaking.
I was conducting these workshops and seminars
and making very,
very good income doing it.
Way more than a hundred thousand,
hundred and twenty thousand dollars a year doing that.
And so that's my third high income skill.
From there,
as I do more public speaking and I was also speaking
at other people's platform where I would offer my programs.
And at first I couldn't,
I would just teach and that's good,
but people they don't buy anything,
they won't take any action.
So I developed my fourth high income skill
which is platform selling.
I was able to sell from the platform,
in a ninety minute talk,
a two hour talk,
a sixty minute talk,
be able to deliver value,
but at the same time be able to close
and convince people to go to the back
and invest in my program.
And I was selling my program for thousand dollars,
two thousand dollars.
And there was a time when I would walk into a room
and I would walk out with ten,
twenty, thirty,
fifty thousand dollars in sales.
So that's another one of my high income skill.
And as I made more and more money as a consultant,
as a speaker,
platform-sell speaker as well,
that I went into more investing.
Then I was investing,
now that I have the money,
how do I invest?
What do I invest in?
I would consider that's also
another one of my skill set.
And that's also I build my influence.
I started to meet more business people,
and I started doing little bit of,
these kind of,
deal making,
book rank kind of deal,
where I would simply wait for other people
and I would collect the commission
as a middle person.
And I would put together these kind of deals
and solve more complex business problems
as a deal making,
that's another one of my high income skill.
So my
idea of the whole thing it's about,
you develop the first skill that you have
and you stack it up.
It's not about developing five skills at the same time,
It's you build one,
and then you build another,
and you build another,
and you build another;
I call the Stacking on Your Success.
That you have a layer,
a foundation of success first,
and then you build on top of it,
and then you build on top of it.
And that's what I've done over the years.
So over the years,
my businesses have ups and downs.
I've had great years,
I've had horrible years.
I've made some great money in some great years,
I've lost a ton of money,
millions of dollars in some bad years.
But what's very,
very interesting,
is over the years,
because I've always rely on my high income skills
to make me money,
that I make me money,
that I can count on that.
Even my businesses that not doing well,
or I made a bad investment,
it's not a big deal because I can always
fall back on my high income skills.
I can count on myself;
Hey I can go on stage and I can speak,
I can consult,
I can add value,
I can solve problems,
I can make money that way.
So ups and downs that's okay,
and I'm fortunate because of that,
cause I've had friends where
they don't have the high income skills
and they just have the business,
and when the business does poorly,
I mean you can see the cycle.
I mean if they could go bankrupt,
they could be in a very bad place,
because they don't have that.
So I'm fortunate
even though I have ups and downs in my businesses,
I have my high income skills over the years.
So every single year,
my goal is to have my high income skills,
to increase my earning ability
just by little bit every year,
it could be 10%,
but every single year I want to be able to use
my high income skills to make a little bit more money
so I get a little bit better at what I do
and I can improve that.
And over the years,
I never, never stop;
Even doesn't matter how good my business are doing,
I never stop being consultant,
I never stop being a speaker,
I always,
it's a question of doing a little bit less or more,
but I always have that,
those income coming in,
using my high income skills.
So,
it's not so much what high income skills,
I've given some examples
those are just what work in my life,
but it could also be;
I have a friend of mine who is a ballroom dance instructor
who makes ten thousand a month,
cash by the way,
cause he collects cash,
that's a high income skill,
that's perfectly fine.
So it doesn't have to be all sales and marketing related,
it just happens to be what I do,
you can be a golf instructor for what I can see,
you're very good at what you do,
Sure!
You can be a graphic designer,
you can be a programmer,
you can be,
as a freelancer;
because whatever you do,
you're delivering value to the market place,
helping people solving their problems
and you charge good money for it,
that's a high income skill.
That's your base,
that's your cash flow,
that gives you some ability.
Comment below if you any other questions.
I'll answer in the next video.
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Also check out my other videos on the playlist as well.
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the book that I mentioned about,
fumoneybook.com
you can download it for free as well.
Until next time,
I'll see you in my Bentley.