How To Make $100,000 Per Year - STEP BY STEP

"so if your goal for first is to make $100,000 this is $100,000 gross before taxes that means that you have to make $274 a day 7 days a week 365 days a year"

"if that's the case then you need to make $410 a day 5 days a week assuming you get three weeks off a year so you're not working Saturdays and Sundays and you get three weeks off a year then you have to make $410 per working day"

"then you need to make $383 a day"

"and if we're talking about making money five days a week with three weeks off a year then you need to make $571 a day for each of those working days in order to keep $100,000"

"if you want to keep $100,000 you need to make $100 ,000 net after taxes"

"if you want to keep $100,000 you need to make $100 ,000 net after taxes"

"so if your goal for first is to make $100,000 this is $100,000 gross before taxes that means that you have to make $274 a day 7 days a week 365 days a year"

"if that's the case then you need to make $410 a day 5 days a week assuming you get three weeks off a year"

"the person who's earning $100,000 a month isn't working 12 times harder than somebody making $100,000 a year it's just not possible what the difference is is the amount of value you provide"

"all banking institution on Wall Street has talked about is that they are expecting more volatility in 2024"

"the FED Reserve Bank has come out publicly and they have said that they're expecting unemployment to rise in 20124"

"our Central Bank in the United States the Federal Reserve Bank has come out and said that they are planning to cut interest rates a few times in 2024"

"If you want to keep $100,000 you need to make $100,000 net after taxes so again assuming you don't live in California or New York one of those really high tax states you will need to make about $140,000 before taxes from your job in order to make $100,000 wait this one right here $100,000 net so if you want to keep $100,000 you need to make $140,000 before taxes from your job and if you just want to make $100,000 then you could expect to make $70,000 after taxes"

"so if your goal is to keep $100,000 and the numbers are a little bit different if you're talking about making money seven days a week then you need to make $383 a day and if we're talking about making money five days a week with three weeks off a year then you need to make $571 a day for each of those working days in order to keep $100,000"

"like 1,700 people become millionaires every single day that means there's a lot of people that are earning more wealth every single day because they understand how money works"

"working in sales because in sales it's really effort in money out if you can Master the sales process and you have a good product and you practice your craft you can get to that six fig salary as a salesperson I know quite a few seven figure sales people because they know how to sell they know what they're doing and they have built a lot of trust with their clients and so now they can make a great income because they know how to sell and they have built that growth through their efforts"

"if you are a pargal so paralegals are people that work with attorneys you might be making 4 $45,000 a year but if you invest in your education and you go becoming a attorney and you invest that time into learning well now as an attorney you can make $140,000 a year just because you invested in your profession you invested in your education with money and time and if you do that now you can increase your salary"

"another way to do this is to invest in your profession through something outside of the traditional education system maybe that means getting certified or getting some other continuing education something that you can show people where you have more value that you can provide now because you have the certain education that a lot of other people don't the second option works great for a lot of people because you don't need to invest as much money as you would if you wanted to get an MBA or a JD and you don't have to invest that much time you can do this on the side for example you can go online and get a certificate in understanding data science and now you can make a six-figure salary because you have the certificate and you didn't have to go back to school in order to do that and you didn't have to pay a school's tuition"

"if we're talking a completely passive investment right now all you're doing is you are throwing own your money into an investment whether there's stocks or real estate then a good return based off of your money investment not your time just your money is something like a 7% annual return so if you invest $100 expect to make $7 back a year this doesn't mean that you have to make 7% every single year on your money this means on average over the long term you are making 7% some years are going to be more some years are less but on average it's 7%"

"so if your goal is to make $100,000 a year based off of the 7% return then you have to invest $1.4 million"

"when you invest your money the government gives you a tax break because they say okay this money that you earned from your job you already paid taxes on this money so now when you invest this money that you earn you should be able to get a tax break when this money makes you money the only caveat here is you have to hold your investment for longer than a year but if you make money from your Investments and you hold your Investments for longer than a year then you get to pay much lower tax rates"

"what I did was play a drum called the toll at Indian weddings so kind of Niche because not a lot of people knew how to play their toll around me and a lot of Indian weddings had the need for a toll player like me and so when I got good at it I was charging people like $250 $300 for 30 minutes to an hour is worth of me playing so I was making pretty good money especially as a 20-year-old college kid playing the toll but what you weren't paying me for was my time you were not paying me for 30 minutes of work or an hours worth of work you were paying me for my years of experience and for my knowledge on how to do it took me a long time to learn how to play it and I had this value which is why I could charge a lot of money for a very short amount of time"

"I was at a financial conference in Austin not too long ago and when I was there I met so many young ticktockers between the ages of 19 and 28 years old who were making tens of thousands of dollars a month so somewhere between 20,000 and 50 $60,000 a month through their Tik Tok page and some of them hadn't even been on Tik Tok for a year"

"I started the minority mindset YouTube channel with less than $100 I started making videos off of my phone with a tripod that I bought off of Amazon for 20 bucks I bought a $25 light and that was it and now our YouTube channel has over a million subscribers and we have transformed our YouTube channel into a full Financial education and Media company"

"you saw a similar boom in the cryptocurrency market there are so many new found millionaires in the cryptocurrency market because cryptocurrency was one of the biggest redistributions of wealth ever because you had so many people that got onto it who were losing trust with the FED res their bank and the government so they started buying cryptocurrency and then more and more people started to adopt cryptocurrency and then they were able to ride up the wave and build a lot of wealth because of it"

"the most accessible place would be something like a high interest savings account which is why if you don't have one yet please consider getting one a highin savings account especially at something like a online bank or legitimate Banks they are FDIC insured and they are a place where you can keep your money and earn some more interest at the time I we recording this video that's something like four to 5% a year in interest on your savings"

"every banking institution on Wall Street has talked about is that they are expecting more volatility in 2024 why because there's uncertainty as to what's going to happen with interest rates there's uncertainty as to what's going to happen with inflation we've been seeing inflation fall for the last few months however if inflation makes a U-turn then you could see a change in what the Federal Reserve Bank says you could see a change in what the market predicts and all these things can create more volatility but they create opportunities"

"but in 2024 expect more power to go into the hand of the employer which means employers are going to want better talent and if you can be one of that better Talent you're going to be able to drive better jobs better income and a better compensation for you which means if you're the go-getter that's more money that can go into your pocket and more opportunities for you as opposed to the people who are not"

"inflation benefits the asset owners if you are an investor in the grocery store you're making money if you're an investor into rental properties you're making money if an investor into travel companies you are making money so who are the people that are investing into these things is the financially educated and that's why when you see inflation happen you see more asset prices rise or money goes into the hands of the financially educated while everybody else who doesn't own as many assets who just owns cash and savings and your salary well all these things lose value"

"and just use downturns as an opportunity to invest even more aggressively instead of just waiting for the perfect time to invest because then you miss out on all the growth when times are good so if we see economic downturns if we see a market crash use as an opportunity to invest even more"