Step #3 On How To Start Over & Make 20K Per Month 📝💲✅ #shorts

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Let's discuss the topic if I had to start over, this is how I would make 20k/mo income. I want to explain the step by step process I would take to help me get there a lot faster than it took me originally.

STEP 1: GET A BASELINE INCOME
The key with this first step is that it needs to be something you can get quickly and doesn't require you to build up a business, create product, require you to spend a couple years getting a degree.

If you already have a job then you already have completed this task. For others this may mean getting a job at target, uber eats, door dash, apple.. anything that pays a minimum of 15-20+ per hour

STEP 2: CREATE POSITIVE CASH FLOW
The second step is all about budgeting to make sure you are cash flow positive.

This is going to be important because we will need this extra money to start putting towards our future high ticket business. In terms of budgeting I have many videos on that

• How To Budget You... Follow the 50 30 20 Rule

STEP 3: CREATE SECOND HIGH TICKET INCOME SOURCE (HIGH INCOME SKILLS)
One of the biggest mistakes I made that kept me from earning great money for so long was not adding a second high income income source.

I spent way too much time in what I call financial defense (focusing mainly on cutting expense and trying to save as much as I could from my income)The goal of this stage is to identify a skill you have or one you can acquire quickly that will pay you a minimum of 50-100+/hr.

My suggestion is to start by offering a service based business. This is an online business you can make money online. This can be anything from mowing lawns, washing cars, fitness training, website design, social media marketing, sales

If you aren't sure yet check sites like fiverr, upwork, task rabbit, freelancer, and see how much different types of jobs pay and see what you are already able to do or could learn quickly.The key to creating a successful high income online business is all about your offer. Ideally you make money online - wifi money or internet money

STEP 4: SCALE YOUR BUSINESS
This next step is about learning to leverage your time. The key to getting to that 20k is to leverage your time by creating a scalable model.

If you are offering things like coaching and have refined your skills and know your offer well, this means moving to a group coaching model in addition to your 1 on 1s

STEP 5: INVEST FOR PASSIVE INCOME
As you start magnifying your income and are earning way more than the start you want to start taking that money you are stacking and leverage it for passive income.

For those who aren't into real estate there are many other investments such as REITs, Index funds, dividends etc which I talk about on my channel so be sure to check those out

STEP 6: ESTABLISH YOUR BRAND AND VERTICALLY INTEGRATE
The final stage is to establish your brand and vertically integrate.

Vertical integration is a term that means finding ways of creating additional revenue streams that are connected to what you are already doing
❎ These videos are simply for entertainment purposes only and should not be considered financial advice. You (and only you) are responsible for any investment losses or gains

Видео Step #3 On How To Start Over & Make 20K Per Month 📝💲✅ #shorts канала Shaun Surgener