00:00:00- If you look at the game of capitalism,
00:00:01the game of trying to get rich,
00:00:02there are essentially two ways to play it.
00:00:04There's hard mode and there is easy mode.
00:00:06Hard mode is what society romanticizes.
00:00:09Like, you know, the struggling artist
00:00:10or the passionate entrepreneur selling handmade candles
00:00:13at the local farmer's market.
00:00:14Or the guy lovingly crafting tote bags
00:00:16and hoping someone on Etsy is gonna buy them.
00:00:17We love these stories.
00:00:18They're authentic and they're also a terrible,
00:00:20terrible strategy for actually getting rich.
00:00:23Trying to get rich on hard mode is like trying
00:00:24to convince a stranger to take their hard earned
00:00:27post-tax salary and spend it on something
00:00:29that they probably don't need.
00:00:31You are fighting against their rent and their student loans
00:00:33and they're crippling financial anxiety.
00:00:34And so every dollar they give you is a dollar
00:00:37that they are literally taking away from their future.
00:00:39Now getting rich on easy mode is different
00:00:40and almost no one talks about it
00:00:41because it sounds way less romantic.
00:00:43You get rich on easy mode when you follow one simple rule,
00:00:47help other people make money.
00:00:49That is it, help other people make money.
00:00:51That is the entire thesis of this video.
00:00:52So here's how this video is gonna work.
00:00:54In part one, I'm gonna try and convince you
00:00:56that this is actually true,
00:00:57that the way to get rich on easy mode
00:00:59is to help other people make money.
00:01:00And then in part two, assuming you buy the thesis,
00:01:02I'm gonna share the four principles that you can apply
00:01:05to actually get rich on easy mode.
00:01:06And those will apply whether you have a job or a side hustle
00:01:09or you are thinking of starting a business.
00:01:11So the uncomfortable truth behind how the economy works
00:01:15is that the economy is functionally a giant pyramid scheme.
00:01:18The value gets generated at the bottom of the pyramid
00:01:20and it's captured at the top.
00:01:21So money tends to flow upwards through society.
00:01:24Now, if you, for example, think of starting a business,
00:01:26the place where you're probably gonna start
00:01:28is by selling to consumers,
00:01:30i.e. people at the bottom of the pyramid.
00:01:31But this is actually where the money is tightest.
00:01:33This is where people are drowning in debt
00:01:35and people are living paycheck to paycheck.
00:01:36And so trying to build any kind of business
00:01:39or even any kind of career serving consumers,
00:01:41people at the bottom of the pyramid
00:01:42is unlikely to get you rich on easy mode.
00:01:45Like if you take Amazon as an example,
00:01:46you and me will think of Amazon as that place,
00:01:48online shopping place where we go to get our groceries
00:01:50and toothbrushes and books and stuff.
00:01:51But actually for most of its existence,
00:01:53Amazon barely broke even on selling very cheap things
00:01:56to normal people like you and me, to consumers.
00:01:59The way Amazon makes most of its profits
00:02:00is through a thing called Amazon Web Services,
00:02:02where they basically sell like web and cloud infrastructure
00:02:05to other businesses like Netflix and Disney Plus,
00:02:08i.e. it creates the infrastructure for them to make money.
00:02:11And there was an enormous list of businesses
00:02:12that are essentially powered by Amazon Web Services,
00:02:14which is where Amazon makes the majority of its profit from.
00:02:17Similarly, if you look at the Fortune 100,
00:02:18like the top 100 companies in the US,
00:02:20like 70% of them, you can basically summarise what they do
00:02:23as we help businesses make more money.
00:02:26If you take the example of something like Google
00:02:27or something like Meta,
00:02:28which is a company behind Instagram and Facebook,
00:02:30again, you and I think of Google as a search engine
00:02:32or like Gmail, and we think of Facebook and Instagram
00:02:34as social media platforms.
00:02:35But the way they make money is through advertising.
00:02:38And the reason they make money through advertising
00:02:40is because Google and Meta help other businesses make money.
00:02:44We pay $20,000 a month to Meta
00:02:45to run Instagram ads to sell my courses.
00:02:47The only reason we do that is because those ads
00:02:49generate customers which makes us more
00:02:51than the $20,000 we spend each month.
00:02:52I have friends who give Meta and Google
00:02:54upwards of a million dollars a month
00:02:55in order to run ads on those platforms.
00:02:57And there are way bigger companies that are spending
00:02:59literally hundreds of millions of dollars every year
00:03:01on Google and Facebook advertising
00:03:03because it helps make them more money.
00:03:04Let's take banks, for example.
00:03:05You've got like JP Morgan, you've got Goldman Sachs.
00:03:07The way these banks make money is not because you and me
00:03:10are putting our $1,000 or $10,000 into the bank
00:03:13into like a savings account or whatever.
00:03:15The way they make money is by facilitating transactions
00:03:18for other businesses that help those other businesses
00:03:20make money.
00:03:20And so the point of all these examples
00:03:21and the point of this video is to basically just explain
00:03:23that if you wanna get rich on easy mode,
00:03:25you build something or you do something
00:03:28that helps other people make money.
00:03:30If you're trying to get rich doing anything else,
00:03:32anything other than helping someone make money
00:03:33or maybe even save money, anything other than that,
00:03:36you are playing getting rich on hard mode.
00:03:37There is nothing wrong with that,
00:03:39but I just want you to be aware of that.
00:03:40Okay, so this idea that like basically easy mode
00:03:42equals help other people make money
00:03:44and hard mode equals basically everything else.
00:03:46This idea directly leads to a handful of principles
00:03:49that I wanna talk through in this video.
00:03:51Principle number one is that if you wanna get rich
00:03:53on easy mode, you need to tie your work directly to revenue.
00:03:56Now let's say you have a job,
00:03:57i.e. you are working for someone else
00:03:59rather than working for yourself.
00:04:00Most people actually have no idea
00:04:01how their job makes money for the business.
00:04:03And most people will think of their jobs
00:04:04as like completing tasks or filling in forms
00:04:07or attending meetings or sending emails or looking busy,
00:04:09depending on who you speak to
00:04:10and what corporation they work for.
00:04:11But that is not what you are being paid for.
00:04:13The only reason your employer is paying you money
00:04:15is because somewhere in the chain of logic,
00:04:18you are helping them make more money than they are costing.
00:04:20So if you wanna get rich on easy mode and you have a job,
00:04:22the first step to do is to do a revenue audit.
00:04:25You wanna ask yourself,
00:04:25how does my job help my employer make more money?
00:04:29And crucially, can I put a number on it?
00:04:31So for example, if you're in customer support,
00:04:32you might initially think that your job is answering emails
00:04:34or like replying to support tickets,
00:04:36but it's actually not that.
00:04:37Your job and the reason why they hire you is because
00:04:39by virtue of you answering emails and support tickets,
00:04:42what you're doing is you are preventing customer churn.
00:04:44You are keeping customers from canceling their subscriptions
00:04:46to whatever the thing is.
00:04:47And this is something called revenue retention,
00:04:48which is a very measurable thing
00:04:49in which the CFO of your business really cares about.
00:04:51Similarly, the people who are making the most money
00:04:53in customer success are the ones
00:04:54who are able to upsell the customers,
00:04:56i.e. to generate more revenue from existing customers.
00:04:59If you can do that,
00:05:00and if you can demonstrate you can do that,
00:05:01you're far more likely to get rich.
00:05:03Now, if you think about it in the context of jobs,
00:05:04like what are the highest paying jobs?
00:05:05Generally, if you have a job in sales,
00:05:07that tends to be a very high paying job.
00:05:08In fact, the salespeople in a company
00:05:10are often paid more than the CEO is
00:05:12because the salespeople can directly tie
00:05:14whatever they are doing to revenue.
00:05:15As a salesperson, you can say,
00:05:16"Hey, I brought in $200,000 of revenue this month.
00:05:20Therefore, you know, I should get my $20,000 commission,"
00:05:23or whatever the thing might be.
00:05:24And because you can tie it to revenue,
00:05:25it's got a very clear return on investment for the business,
00:05:27it's a lot easier for you to get that raise
00:05:29or get that promotion or get that commission
00:05:31because it's just really obvious how you are adding value.
00:05:33The way that most people ask for raises is, you know,
00:05:35thinking that like, "Oh, I worked really hard
00:05:37and therefore I should get a raise,"
00:05:38or like, "Inflation is up 3%
00:05:40and therefore I should get a raise."
00:05:41And all of these things
00:05:42are working against the current of capitalism.
00:05:44If you can say, "Hey, I have so far generated
00:05:47X amount of value to the business
00:05:48and I'm gonna continue generating X amount more,
00:05:51therefore I should be able to capture a slice of that value,"
00:05:53that is a much easier decision for an employer to make.
00:05:56Okay, so at this point you might hopefully be thinking
00:05:58that YouTube would like to go all in on your dreams
00:06:00and maybe one of those dreams is starting a business,
00:06:02which is where the sponsor of this video, Stan, comes in.
00:06:05Now, if you haven't heard of them,
00:06:06Stan is basically the dream toolkit
00:06:08for creators and solopreneurs.
00:06:09It gives you a super easy to set up digital storefront
00:06:12where you can sell courses and digital products
00:06:14and memberships and coaching calls
00:06:16and pretty much anything else you could wanna sell online.
00:06:18We absolutely love Stan
00:06:19and we have been recommending it wholeheartedly
00:06:21to the students of our Lifestyle Business Academy,
00:06:23which is sort of like our online business school
00:06:25that helps people start lifestyle businesses.
00:06:26And in that context, especially if you're someone
00:06:28who doesn't have a lot of time on your hands,
00:06:30especially if you're someone who doesn't know how to code
00:06:32and doesn't wanna spend all of the time and the faff
00:06:34of building your own custom website
00:06:35to be able to sell stuff online,
00:06:37using a service like Stan, we have found for our students,
00:06:39is like by far the simplest and quickest and easiest way
00:06:42to get up and running selling stuff on the internet.
00:06:44And they are currently actually running
00:06:45a very cool campaign called a Dare to Dream
00:06:47where they're giving one winner $100,000
00:06:50to quit their job and start their business.
00:06:52So if you're watching this before the 31st of January, 2026,
00:06:54that campaign is still open and you can totally enter to win.
00:06:57So if you would like to join and take the first steps
00:06:59on your journey towards becoming an entrepreneur
00:07:01and meet even reaching financial freedom,
00:07:02head over to daretodream.stan.store
00:07:05or check out the link in the video description.
00:07:06So big thank you to Stan for sponsoring the video
00:07:08and let's get back to it.
00:07:09If you think of the other fields
00:07:10that are like really highly paid finance,
00:07:11why is finance so highly paid?
00:07:12It's because basically everyone working in finance
00:07:14is somewhat directly helping other people make money,
00:07:17which is why working in finance tends to get you rich.
00:07:19But even within finance, like there are certain roles
00:07:21that get paid way more than others.
00:07:22So for example, if you're an algorithmic quantitative trader
00:07:25or something like that,
00:07:26and you're literally writing the algorithms
00:07:27that are making the firm more money,
00:07:29you can make a lot of money
00:07:30because you're very, very close to the revenue.
00:07:32If you're an investment banker and you're front of office,
00:07:34i.e. you're like interfacing with clients
00:07:35and like developing a relationship with clients,
00:07:37those clients are really, really rich people
00:07:39like ultra high net worth individuals or like pension funds
00:07:42or like banks or whatever.
00:07:43And so they are literally giving your firm money
00:07:45as a result of the connection that you have with a client.
00:07:47Therefore, you as the investment banker there
00:07:49are incredibly valuable
00:07:50because you are managing that relationship with a client
00:07:53so that your firm can make more money.
00:07:55But if you are working in HR
00:07:57within the context of a finance job,
00:07:59you're probably less likely to get rich
00:08:00because what you're doing is less directly tied to revenue.
00:08:03Of course, if you're asking for a raise,
00:08:04you're gonna make a case
00:08:05for how it is directly tied to revenue.
00:08:06But if you're working in HR, if you're working in admin,
00:08:08if you're working in customer support,
00:08:10those roles are just sort of generally less well paid
00:08:13compared to the roles that directly touch revenue.
00:08:14Why do people in tech make so much money?
00:08:16The reason people in tech make so much money
00:08:17is because tech companies make a shit ton of money.
00:08:19And the reason tech companies in general make a ton of money
00:08:22is because in general, they help other people make money.
00:08:24But there are tons and tons and tons and tons of tech companies
00:08:27that you have never heard of that are making millions,
00:08:29tens of millions, hundreds of millions,
00:08:30or even billions of dollars every single year
00:08:32by offering B2B business to business services
00:08:34that help other businesses make more money.
00:08:36You as an individual probably have never used Salesforce,
00:08:39but Salesforce is an absolutely enormous company
00:08:41that helps other businesses make money.
00:08:42As consumers, we tend not to know
00:08:44what are all the companies out there
00:08:45that are offering B2B make money type services,
00:08:47but that actually makes up the majority of the economy
00:08:49in most like developed countries.
00:08:51The other example here is that,
00:08:52why do law firm partners make so much money?
00:08:54Why do partners in management consulting firms
00:08:56make so much money?
00:08:57It's not because they're particularly good lawyers
00:08:59or particularly good management consultants.
00:09:00They are not being paid insane amounts of money
00:09:02because they are good at the task of law
00:09:05or at the task of management consulting.
00:09:07They're being paid insane amounts of money
00:09:08because they are bringing in new clients into the business.
00:09:11I.e. they are helping their firm make more money.
00:09:14Like if you wanna make partner in a law firm,
00:09:16you generally have to come with a book of business.
00:09:18Like you've been doing networking
00:09:19and playing golf with people over the decades.
00:09:21So now you have this enormous list of people
00:09:23who are also high up executives at different companies.
00:09:26And the idea is you're gonna try and bring them as clients
00:09:28into your law firm.
00:09:29This is why law firms and consulting firms don't like it
00:09:31when a partner leaves,
00:09:32because generally when a partner leaves,
00:09:34they're not supposed to,
00:09:35but often they'll take their personal relationships with them,
00:09:38which can directly result in the firm losing money,
00:09:40which is why they're willing to pay insane amounts of money,
00:09:42millions of dollars a year,
00:09:43including like profit share and equity in the whole shebang,
00:09:46just to retain people
00:09:47who come with existing books of business.
00:09:49So even in that world where you're a lawyer or a banker,
00:09:51a management consultant,
00:09:52when you make partner
00:09:53or when you're on route to making partner,
00:09:55it is actually your ability
00:09:56to help your business make more money
00:09:58that causes you to get rich,
00:09:59not your ability to do the work that you are trained for.
00:10:02It's literally your ability to be a sales person
00:10:04and to bring money into the business.
00:10:05Oh, and quick thing,
00:10:06if you're trying to figure out a way of tying
00:10:08whatever you're doing for your job or your career
00:10:09or your business to revenue,
00:10:10me and my team have actually trained a custom GPT
00:10:13based on this video
00:10:14that will help you do this completely for free.
00:10:16And there'll be a link down below in the video description
00:10:17if you wanna check it out.
00:10:18Now at this point, you might be thinking,
00:10:19but like, what about the doctors?
00:10:20What about the teachers?
00:10:21What about the social workers?
00:10:22Their work isn't directly tied to revenue.
00:10:24So what's up with that?
00:10:24And in that case, you would be absolutely right.
00:10:26And that is why most doctors and teachers and social workers
00:10:28find it very difficult to get rich.
00:10:30I don't like this any more than you do.
00:10:31I think this is a bad system,
00:10:32but unfortunately it is the capitalist system that we live in
00:10:35that your value to the market
00:10:37is not necessarily the same as your value to society.
00:10:40Teachers and social workers and doctors
00:10:41obviously add a lot of value to society,
00:10:43but because they don't directly help someone else get rich,
00:10:46they are unlikely to make a lot of money.
00:10:49And in fact, if you look at the doctors that do get rich,
00:10:51it tends to be doctors in the US,
00:10:52which is a private healthcare system.
00:10:54It tends to be the doctors who are the business owners,
00:10:55so the ones who own the clinics or who own the hospitals
00:10:57rather than the ones who work in the hospitals,
00:10:59i.e. they are helping the business make more money
00:11:01through insurance and billing and stuff,
00:11:02or they have a very, very specialized skillset
00:11:04that customers in the American healthcare system
00:11:07are willing to pay a lot of money for.
00:11:08For example, if you're a really amazing neurosurgeon,
00:11:11the reason you get paid a lot of money
00:11:13is not because you add loads of value to society
00:11:15as a neurosurgeon.
00:11:16It's because you add a lot of money
00:11:18to the hospital's top line and bottom line
00:11:20as a result of them being able to bill out your services
00:11:22as a neurosurgeon.
00:11:23Unfortunately, in this game of capitalism that we're in,
00:11:26the people getting rich
00:11:27are the ones helping other people get rich.
00:11:29The point I'm making in this video,
00:11:30I'm not saying that you should play on easy mode
00:11:32or on hard mode.
00:11:33What I'm saying is that if you want to play on easy mode,
00:11:35you gotta recognize that you gotta tie whatever you're doing
00:11:36to revenue generation in some kind of way.
00:11:38So I'm not saying you should stop being a teacher
00:11:40or stopping a social worker or stopping a doctor,
00:11:42but if you wanna get rich on easy mode,
00:11:44you might be thinking, okay,
00:11:45how can I shift from public school teacher
00:11:48to something like corporate training,
00:11:50where could you use your skills of teaching on the side,
00:11:53on the weekends, as a side hustle, as a business,
00:11:55to help corporations make more money
00:11:56by training their staff in something that makes them money?
00:11:59For example, I have a bunch of friends
00:12:00who run businesses in sales training.
00:12:01They teach other people how to be better salespeople
00:12:04and therefore make money for the business.
00:12:05Those guys are making tons of money.
00:12:06And I wanna share another few examples
00:12:07just to drive this point home.
00:12:08So I was having a chat with one of my team members, Dan.
00:12:11Dan is the guy on my team who is in charge of my website.
00:12:13And Dan wanted to start a side hustle
00:12:15where he's like help, you know,
00:12:17he's trying to make money on the side.
00:12:18And I'm like, great,
00:12:19I'm all for my team starting side hustles.
00:12:21And Dan was struggling because he was like,
00:12:22do I sell website design or do I sell like SEO audits
00:12:25or do I sell like web development for WordPress themes
00:12:27or any of that kind of stuff?
00:12:28I was like, well, no, Dan, like, why do I hire you?
00:12:31And he was like, well, you hire me because, you know,
00:12:33I manage your website.
00:12:34And I was like, okay, but like why do I want you
00:12:36to manage my website?
00:12:37And he was like, I don't know,
00:12:39'cause you know, you want your website to be good.
00:12:41And I was like, no, Dan, the reason I hire you
00:12:43is not because you are managing my website,
00:12:45it's because you're helping me make more money.
00:12:46So how do we tie what you do
00:12:48to how you help me make more money?
00:12:50And eventually what we landed on with Dan was that like Dan,
00:12:52my website guy helps me make more money
00:12:54because he optimizes the conversion rates on our sales pages
00:12:57so that customers are more likely to buy my courses
00:12:59and programs and stuff.
00:13:00And so now that Dan knows this, he recognizes,
00:13:02oh, wait a minute,
00:13:03his skill set is not in designing websites, it is,
00:13:06but his skill set is really in helping businesses
00:13:08make more money through conversion rate optimization
00:13:11on their websites.
00:13:12And as soon as Dan was able to articulate that
00:13:14and tie what he's doing to the measurable increase
00:13:17in revenue for a business,
00:13:18he was able to land like a $15,000 side hustle client,
00:13:21which he'd never been able to do before
00:13:22because he was always selling web design
00:13:23or web development or SEO audits.
00:13:25Just packaging a thing around helping someone make money
00:13:28helps you play business on easy mode,
00:13:30but choosing to package it,
00:13:31not around helping someone make money or save money
00:13:33is choosing to play business in hard mode.
00:13:36All right, so principle number two
00:13:38is to sell to people who actually have money.
00:13:40Now this sounds stupidly obvious
00:13:42and yet a lot of people ignore this,
00:13:44especially beginners to the world of business
00:13:45or to the world of trying to make money.
00:13:46So if, for example, you're selling something for $50
00:13:48to someone earning 40,000 a year,
00:13:50you are fighting against their rent and their groceries
00:13:53and their kids' school fees
00:13:54and their crippling sense of financial anxiety
00:13:56where every single purchase is an emotional battle
00:13:58and every sale is a fight that you are fighting,
00:14:00feeling as if you're fighting with the customer
00:14:02to convince them to part with their money.
00:14:04And that's playing on hard mode
00:14:05and it can be really exhausting.
00:14:06But compare that now to selling a $50,000 service
00:14:09to a business that's making five million a year.
00:14:11They don't really care about 50 grand.
00:14:12They care about the ROI.
00:14:13So if your service helps them make 200,000
00:14:15because it's, I don't know, improving some aspect
00:14:17of their sales or marketing or fulfillment
00:14:19or like product process,
00:14:21and you send them the invoice for $50,000,
00:14:23they'll probably just like wire you the money immediately
00:14:25and reply with money sent, thanks.
00:14:27And this is why in general, if you're trying to get rich,
00:14:29selling to businesses, i.e. B2B, business to business,
00:14:32is dramatically easier than B2C, business to consumer,
00:14:35because businesses buy with spreadsheets and logic
00:14:37and they have money to spend,
00:14:39whereas consumers tend to buy with feelings.
00:14:41And again, this is one of those
00:14:42like really counterintuitive things about business,
00:14:44which is that, you know,
00:14:45let's say you're trying to make $100,000.
00:14:46It's a lot easier to make 100 grand
00:14:48selling 10 things for 10 grand
00:14:50compared to selling 10,000 things for $10, right?
00:14:53And this is what we tell our students
00:14:54in the Lifestyle Business Academy
00:14:55that if you wanna get rich on easy mode,
00:14:57like if you wanna pick an easy business to start,
00:14:59easier than the alternatives,
00:15:01you generally wanna sell something
00:15:03between $2,000 and $20,000,
00:15:05because that means you need relatively few customers
00:15:07to make a viable business out of it.
00:15:08And if at all possible,
00:15:10you want the outcome of whatever you are selling
00:15:12to be essentially, I help you make more money.
00:15:14So for example, we've got Adam, who's one of our students,
00:15:16who's like, I think his offer is something like,
00:15:18I help seven-figure online course creators
00:15:20boost their sales by 30%
00:15:21through optimizing their sales function.
00:15:23That's basically, I help rich people make more money.
00:15:26And that is a lot easier to sell
00:15:28than I help corporate professionals find their purpose,
00:15:30or I help people overcome their anxiety,
00:15:33or I help people overcome imposter syndrome
00:15:35or things like that.
00:15:36Wherever possible, we wanna sell to people with money
00:15:38and we wanna tie whatever we are selling
00:15:40to helping them make more of it.
00:15:41This is business on easy mode compared to the alternative,
00:15:44which is just a lot harder to do.
00:15:46Principle number three is you wanna set your pricing
00:15:49based on value rather than on time.
00:15:52And the idea here is that when you charge by the hour,
00:15:54you are literally capping your income
00:15:55by the number of hours you are physically able to work.
00:15:58And also you are creating a weird incentive structure
00:16:01where you are incentivized to be slower rather than quicker.
00:16:04And the only reason people tend to think this way
00:16:05is because probably the first couple of jobs
00:16:07that you had when you were a kid,
00:16:08you were paid hourly for them.
00:16:09And probably in the job you have right now,
00:16:11you have an annual salary,
00:16:12but you can calculate kind of like your hourly rate
00:16:14because you've gotta be at work from nine till six
00:16:16or whatever the thing might be.
00:16:17And so if you're trying to get rich on easy mode,
00:16:19the thing again that we wanna figure out is what is the value
00:16:22that our service or our product or our business is offering
00:16:25and how can I quantify this value?
00:16:27Because if what you do will help your client
00:16:29make an extra $100,000,
00:16:30then it would be a bit dumb
00:16:31for you to charge only $500 for it.
00:16:33And there is a good rule of thumb here
00:16:34if you are thinking of starting a business.
00:16:35It's a rule of thumb, it's not a rule of law,
00:16:37but as a general rule of thumb,
00:16:38you wanna charge about 1/10 of the value
00:16:40that you helped create.
00:16:41So if whatever you are doing,
00:16:43your service or your product or whatever,
00:16:44will help someone make an extra $100,000,
00:16:47then you would charge $10,000
00:16:48'cause they would feel like they're getting a bargain
00:16:50because obviously paying 10 grand
00:16:51to be able to make 100 grand is an amazing deal for them.
00:16:54And then you will feel like you're getting rich
00:16:55and so everyone wins.
00:16:57Principle number four is to build skills
00:17:00that sit close to the money.
00:17:01And the idea here and the unfortunate truth
00:17:04is that not all skills are equally valuable
00:17:06in the marketplace.
00:17:07Some skills are nice to have skills
00:17:09and other skills are print money type skills.
00:17:11So for example, learning the skill of sales
00:17:13is a very high income skill
00:17:15because it sits very, very, very close to the revenue.
00:17:17Because if you can bring in revenue
00:17:19for the business that you work for,
00:17:21then you are way more likely to make money or commission
00:17:23or be able to start a business off the back of that.
00:17:25Similarly, a lot of things within marketing,
00:17:27if you can directly tie them to the amount of revenue
00:17:29that the business creates as a result of that skill,
00:17:31again, it's a lot easier for you to earn more in that career
00:17:34or charge more if you're a business in that particular domain.
00:17:37But then there are skills that are also like a few steps
00:17:39removed from directly making money.
00:17:40So for example, graphic design.
00:17:42Graphic design and making stuff look pretty
00:17:44is a nice to have skill.
00:17:46And unless you are tying it to, I don't know,
00:17:47creating advertisements and stuff
00:17:49that directly increase revenue or things like that,
00:17:51it's difficult for graphic designers to make a lot of money.
00:17:54Similarly, writing as a skill.
00:17:55Creative writing, analytical writing, content writing,
00:17:59these things tend to be less well-paid,
00:18:02but the best paid writers tend to be the copywriters,
00:18:05i.e. the people that are literally writing the sales pages
00:18:07that help convince customers to part with our cash.
00:18:09So it's really more of a marketing function
00:18:10rather than a kind of writing function.
00:18:11And so basically whatever the skill is, whatever you do,
00:18:13the harder it is for your employer or your client
00:18:16to draw a line between what you do
00:18:18and how much money you make them,
00:18:19the harder it'll be for you to make a lot of money
00:18:21in that particular space.
00:18:23So with all that said, here is the uncomfortable truth
00:18:25that I wish someone had told me years ago.
00:18:27You're probably already helping someone make more money.
00:18:30That is literally what a job is.
00:18:31Your employer hired you because you help their business
00:18:34generate more value than they pay you.
00:18:36That is the deal.
00:18:37That is the entire arrangement for everything
00:18:40other than roles that are funded by the state.
00:18:42For example, doctors working in the UK's
00:18:44National Health Service
00:18:45where it's a lot less of a clear correlation.
00:18:47And so this gap between what you create and what you capture,
00:18:50that is the profit margin for the business.
00:18:52And for most people, that gap is higher than you would think.
00:18:54And so there's a few different things you can do here.
00:18:55Number one, you can like increase the amount of value
00:18:58that you actually add to the business.
00:19:00And so then be able to say to them like,
00:19:01"Hey man, I'm adding so much value to the business
00:19:04"quantified by XYZ.
00:19:05"Therefore, I'd like a raise of like some percentage of that."
00:19:08And so that's generally an easy sell for an employer.
00:19:10Alternatively, maybe you're already creating a lot of value
00:19:12for the employer or the client or whatever.
00:19:14And you just need to make the connection
00:19:16between what you do and how they make money.
00:19:18You just need to make that connection more clear.
00:19:20Like just making things more visible
00:19:21and making the visibility of what you do
00:19:24more directly tied to ROI, like return on investment.
00:19:26And so the key message of this video is that getting rich
00:19:28in all these contexts isn't really about working harder.
00:19:32The people I know who are doctors, who are social workers,
00:19:34who are teachers are working a lot harder
00:19:36than friends of mine who work in finance
00:19:38or like have businesses that help companies make more money.
00:19:43But it's like in the capitalist world that we live in,
00:19:45like we said, market value is not the same as societal value.
00:19:48And so if you wanna get rich on easy mode,
00:19:50you try and find a way to help other people make more money.
00:19:53And every other method is kind of trying
00:19:55to get rich on hard mode.
00:19:56Now, yes, you could sort of get rich through having a job,
00:19:59but it is way easier to get rich
00:20:01by actually having your own business.
00:20:03And if you are wondering what sort of business
00:20:05you should start, what's the easiest, most profitable business
00:20:08for a beginner to start this year,
00:20:09I have a video over here that kind of breaks down my thesis
00:20:12on what business I think you should start.
00:20:13If you are, for example, a corporate professional
00:20:15and you're looking to start your first business.
00:20:16and that will be right over there.
00:20:18Thank you so much for watching
00:20:19and I'll see you in the next video.
00:20:20Bye bye.