You Don't Want To Start A Business - But It's Important That You Think You Do - How Money Works

[@michaelmckeever2734]

The business of convincing people to start their own business is a business in it's own.

[@m0neyzg641]

👆👆👆Get me directly for more.. guidelines and crypto... earnings ( BTC/ETH/DOGE)......

[@Lokesh-kb9ei]

😂 underrated comment

[@USA92]

Real easy stuff for those who choose not to actually help the person unless they get something out of it. Considering the posters general knowledge of business I’m thinking he may be that type as well.

[@willjay1839]

Exactly

[@brooksgunn5235]

It's one of the best businesses to get into... All these courses get a rediculous amount of sign-ups.

[@danmoriarty6901]

I spent all my savings trying to start a business, it failed. The biggest lesson I learned however was that I don't want to be a business owner. As much as working for a wage can suck, the ability to clock off is immensely underrated. When you're off the clock, you're off the clock, work isn't on your mind, it isn't your responsibility. When you're a business owner you are on the clock 24/7

[@GOlone9597]

not much nowadays, especially in a WFH setup, they are calling you almost anytime.

[@danmoriarty6901]

@@GOlone9597 I work from home, I just don't answer outside my hours. I'm available M-F, 9-5, outside of that: I'll answer later

[@4LXK]

I find my own work 24/7 to be the easier part. Everybody else losing their jobs, plans for the future and mortgages while trusting you and working hard - that is the biggest fear. Unless you are a sociopath, then its fine.

[@essennagerry]

That is also one thing I feel is a big plus for being employed vs a business owner. I think what I want to do is be some advanced type of freelancer ig? I want to scale my income so to say but not have to deal with employing people, etc... if I do employ then only at a rate which means I make more for the time I put in, and the time I put in either stays the same or only increases for a short period of time.

[@devioux4082]

@@danmoriarty6901 thank you for that statement, you’re one of the few on here that understands. Most people think that because you’re a business owner that you just sit back and automatically get rich. They have no idea how hard it really is and how much sacrifice goes in to it. As a business owner you risk everything if the business fails, an employee can easily just find another job.

[@dexterne]

Sm business owner here. 14 yrs in. It was honestly life changing, but I won't go into details. People ask me all the time how I did it and how they can too. I just can't. The things that worked for me then WILL NOT work now, and WILL NOT work for people who aren't me. The simple fact is that I just made it up as I went and stuck with what worked, until it stopped working and then I made up something else. Being an entrepreneur is the art of making shit up day after day and making more good choices than bad choices. You can't really be taught that skill. But you can learn it if you have thick enough skin and manage to pivot when you make a bad choice.

[@alexyoung1531]

some things really can not be taught say it again for the people in the back!

[@Kalingrato]

This is probably the truest comment I have read. No one can teach you how to succeed. They may be able to help with specific issues, but no one can give you (or sell you) the recipe for success.

[@daszieher]

The most important is: if something does not work, stop doing it! Immediately. Instead make up something new and do that.

[@monad_tcp]

I'm a small business owner for 2 years. I agree with you. What worked for me, wouldn't work for others. It depends on so many things. I do disagree you can't be really taught, I taught it myself in my own way. I mean, it can't be easily generalized to other people, so in this way I do agree with you.

[@dexterne]

@@monad_tcp When I said it couldn't really be taught, but it could be learned, pretty much meant that the best way is to teach yourself. I don't think it's something innate. I am constantly learning, and don't have all the answers for my own ever changing situation. How could I teach someone else how to succeed in theirs?

[@andrewchandler0]

The essential thing that everyone should be thinking about right now is investing in non-government sources of income. Especially in light of the current global economic crisis. It is still a wonderful moment to invest in gold, silver, digital money, and stocks.

[@elliot985]

Your money is stagnant when you save, I will advise you buy stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance of a broker or financial advisor.

[@robertosaviano215]

you're right! If you are unfamiliar with the market, I recommend seeking advice or assistance from a financial/investment coach.With the help of an investment advisor, I have diversified my $450,000 portfolio across multiple markets, We were able to generate over $1.2 million in net income from seasonally high-dividend stocks, ETFs and bonds. For me, this is the most ideal way to enter the market these days.

[@Zanrowe795]

@@robertosaviano215 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@robertosaviano215]

@@Zanrowe795 Sure, the investment-advisor that guides me is Laura Marie Ray, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@matheuspinto118]

@@robertosaviano215 I just looked up Laura online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals

[@rizwanshaikh1831]

This is like an anti Hustle channel. 🤣 Debunking all the misinformation shared by hustle influencers (intentionally or unintentionally). Thank you for this. Idk how many people go through mental health problems because hustle culture has them believe that they are not gonna make it if they don't hustle.

[@billyb4790]

Hustle culture is the business in its own right. Most of the people talking about hustling probably couldn’t make a legitimate business of their own or else they’d be out there doing it.

[@roncerjani9063]

​@@billyb4790And what I've always found ridiculous, is that they always use themselves as an example while highlighting that they had nothing when they started. Like, I had nothing but bought myself some real estate and fixed it up. Or, I had just 1000$ in my name, and I refused to eat, drink or sleep under a roof and invested it all in crypto. Like wtf? Do these people even know the meaning of having nothing?

[@KelvinNishikawa]

Survivorship bias is a hell of a drug.

[@HowMoneyWorks]

Exactly

[@555salt]

When you take into account how dumb the average person is you realize how much of the failed business have one of those people at the helm. Most businesses fail before they even do the first simple tasks of the business

[@jessip8654]

It's why MLMs keep growing despite it being common knowledge that statistically you'll make more working part-time at Walmart.

[@KB-un3bt]

@@555salt I agree. 90% of people are followers who are built to take orders from the top 10%. The top 10% have always provided for the nearly useless 90%.

[@100SKILL100]

@@KB-un3bt the fact that you believe this is a thing paradoxically means you’re part of the 90%.

[@MassDefibrillator]

You forgot what I think is the most important reason for people wanting to work for themselves: getting sick of authoritarian company structures that act as mini-private governments.

[@jaylewis9876]

Yes its fascinating to realize large companies are structured like feudalisms on the inside. King CEO gets the most compensation and has the least risk (until ousted in an internal coup), the Nobel executives are next in line, then layers of managing governors. Those at the bottom ask for money to do things and the request flows up to someone with enough authority then the money flows down to make it happen (or not). Political skills are how to get anything done. Companies around 100 people are much better but many individuals learned how to behave in larger companies and act the same anyway

[@MrShitthead]

What’s really ironic is you guys are shitting on command structures in companies while pretending that if you started your own company you wouldn’t establish one. Pretty obvious that you guys are all shit employees and don’t have legitimate businesses. You guys aren’t pissed that there’s command structures, you’re just pissed nobody listens to you. Try having self awareness and you’ll quickly realize why.

[@AmandaVieiraMamaesouCult]

@@MrShitthead No reason for offenses. Not all businesses are created equal.

[@astronauttheoceangod2357]

@@MrShitthead I didn’t

[@deboraleggerini5729]

Try having a business and not having rules. Let's see how far you're going to get

[@krombopulos_michael]

Thanks for pointing all of this out. The whole entrepreneur subculture online is very concentrated around treating normal jobs as a suckers game and that everyone should be starting a business, but the reality is that starting a business is a big risk that won't pay off for everyone, and many people don't have the money to survive it if it fails. One thing that isn't really brought up is that if you are going to start a business, you'd want to actually have an idea that you think can generate value better than others. They focus on starting a business for its own sake, but that's putting the cart before the horse. If you're going to do something, it needs to be something you can do better than the people doing it already, or finding some undeserved market. Aside from that, the world wouldn't function if every person was their own business owner. Businesses can't grow and benefit from economies of scale without people working for them. Trash talking normal workers as mindless drones only works until you need to hire some of them yourself.

[@davidnichol4735]

I used to believe jobs were for suckers, but what I've realized is that it's more nuanced than that. Expecting your job to be your grown-up mommy/daddy is for suckers. "Muh job security and benefits!"

[@Brayn126]

@@davidnichol4735 Not sure if I understand you but job security is a big thing.

[@_Ekaros]

@@davidnichol4735 I sometimes wonder, they pay me this much a month and they don't even have too much for me to do... Am I the sucker for not trying to compete with them, that is in consulting in same industry, or are they suckers for hiring me when they don't have enough projects to sell me for... Also bonus points in my direction as I would hate trying to sell anything.

[@davidnichol4735]

@@Brayn126 job security is a big myth* Fixed that for you.

[@t-bone9239]

The whole entrepreneur bubble targets just people who are unsatisfied with their jobs and the freedom their job gives them (especially warehouse or production workers or similiar jobs) I think 99% of those people who get lured in the entrepreneur bubble would fare better improving their skills and just get a job with better benefits and more freedom. I used to want to be an entrepreneur myself because I hated being so limited in time management until I got a new job that basically allows me to work whenever and wherever I want as long as I clock my 40 hours and get my stuff done.

[@12namleht]

I had a Professor in College that said..."if you like doing something...work for someone else, if you want to run a business realize you have no time for anything else but running the business" Truer words were never spoken... Luckily I ran a business for 3 years & sold it for 17 times what I had in it & then went to work for a top 10 S&P company doing accounting & having vacation, sick time, etc...

[@SusCalvin]

How common is it to do that with a group? A few of the people I have worked for had more than one stakeholder.

[@tbraghavendran]

@sandponics Not every industry is the same.

[@tonyl6385]

Nicez that is the way to do it!! Congrats

[@billyb4790]

17x0 is still zero 😂

[@theintrovertedaspie9095]

​@sandponicsIts also due to luck.

[@dezzy8575]

My father was a business owner so I saw first hand how hard he worked and the many hours he put in. Many people I know that are entrepreneurs didn’t realize how much work it is and that you don’t have off days and may not get to take vacations. I had a friend cry after starting her business because she was so busy and hardly got to see her kids. Being a entrepreneur is more enjoyable if you have other people running it and you can sit and collect the money.

[@hassanbutt6004]

Well, for an extraordinary life you have to work extraordinary. People think entrepreneurship is ez ez. You sit down collect and eat, nope! You have to work like you are doing 2-3 jobs at a day to be successful.

[@EFFamily]

How the hell is that any different as to being an employee?

[@SnowSNS11]

@@hassanbutt6004 I think business owners should have a particular talent in management. To me, arranging my wardrobe is already a chore. Managing a huge business sounds crazy to me, but a small one might be doable idk, like authors selling their books as products.

[@hassanbutt6004]

@@SnowSNS11 You said everything 100% on point. I am a author selling book but i stayed very busy all the time. I never had free time because time wasn't managed well. Now i built a system that helps me to manage my tasks for days, weeks and months ahead. Everything is preplanned flexibly. I have free time now... So i can keep learning and growing other than working on stuff.

[@1234KeithB]

Well plus women suck at running business’s most of the time. Her own fault for abandoning her kids to act like a man 😂

[@user-ck7tg1dq9y]

Your title card really hits home. Entrepreneur is NOT a career. An Entrepreneur makes a career for himself, then if profitable, for others as well. If you start a bakery, you're a baker. Edit: Woah, first time I've been the top comment. Thanks guys.

[@feruspriest]

If you work at a bakery, you're also a baker.

[@GhostSamaritan]

I disagree. Michael Jordan, Eminem, and Rick Ross aren't chefs just because they own restaurants.

[@lonestarr1490]

@@GhostSamaritan No, their restaurant owners. Plus, where I live you already have to be a baker to open up a bakery.

[@maiyouk]

@@GhostSamaritan they are investors... the chef is their partner or employee

[@user-ck7tg1dq9y]

@@GhostSamaritan Aren't they in a partnership? Investor ≠ Entrepreneur

[@HydraulicPressChannel]

With KZbin as an platform job the good side is the fact you can get paid from multiple platforms at the same time for the same job. Just crop your videos to different lengths and resolutions for different platforms and you are getting paid multiple times more for the same work and at the same time diversifying the risk of being just one platform away. Try doing that while delivering food or driving a car :D

[@dex624]

HPC, I’d pay good money for you to fly out here, crush stuff, and narrate 😂 Love your content!

[@LucasDanielSantoro]

Legend

[@Kenionatus]

Depends on the type of content. Hydraulic press videos can be boiled down to a few second TikTok short, but one can't really do that with longer and more analytical videos.

[@1stGruhn]

Right. In addition, internet content consumption (like youtube views) can scale and grow without you actively working, unlike Uber lol. This is one of the reasons to be a business owner: employees bring in funds that you would never have the time to achieve... by simply being in another location to you. Diversifying scalable income streams is how to become successful. Doing something that is hard is simply one avenue to increase the odds of success, risk is everywhere. But the video wasn't about not trying, just that its going to be harder than the successful make it look: which is absolutely true lol.

[@lonerider5315]

wow! big fan. good work =]

[@VarsVerum]

One other thing I think needs to be remembered is the rule of “don’t quit your day job” too many people throw their perfectly stable lives away in the blind hope they’ll succeed. No, you throw your life away AFTER you succeed not BEFORE. I was fully prepared to look for a job after graduating college, swearing I would not go full time KZbin until I would be able to live comfortably and pay all my bills even during the bad months (such as January). Fortunately my wish came true, but people need to realize the difference between being ambitious and YOLO. Sadly, not many do, and end up shooting themselves in the foot. Whenever people ask me for advice on being a content creator, I just simply say “don’t quit your day job.”

[@andyn2196]

Didn't expect to see you here, damn

[@bertjeeuh569]

The best investment is always yourself first. Not a business, not stocks, not being an entrepeneur, just yourself. Fairly sure you'd have made more money doing that and working regularly rather than being a KZbinr. That being said, if this is what truly makes you happy and you're willing to trade in that potential stable higher income, then all the power to you. Happy it worked out for you, Vars!

[@fatalblue]

This so much! Me and my Sister are working towards leaving our current career/jobs and opening our own creative art studio but heck no I'm I leaving my stable, decent paying job to throw everything into it until its making a livable income for us. Its foolish to do otherwise and we know cuz my sister return to 9-5 work a few years ago after freelancing for some time. It can be a struggle to find time and energy after work to well, work some more but its better then having to constantly worry about how you'll pay your bills every months. I think if people really sat down and evacuated what they spend their free time doing after work they would find they have a bit more the time then they think to dedicate to whatever dream they have.

[@edwardo19231]

Seeing your comment makes me wanna see your channel, and it's growing. I hope your channel keep growing and prosper, so you can keep doing what you set out to achieve 😎

[@VarsVerum]

@@edwardo19231 Thanks! :D

[@mikeviscusi5681]

I started up a small business in July 2015. I won't lie, there have been long periods of time that I didn't have a customer, or the customers that I had were not the best. But now, I got 4 solid clients that I work with and I bring in good money. But the one thing I never did? I never quit my day job. The benefits were too good to pass up, but I reduced my role at my day job. It can be done

[@marti8641]

Thank you!!🙏🏼🙏🏼

[@TopFlightSecurity415]

smart!

[@ZainAhmed-ns2di]

Exactly

[@Ms_Media_]

Just curious, what were your benefits?

[@k.c.slawncare6046]

@@Ms_Media_ Probably steady pay, dental, health, vision, etc etc

[@princethomas1566]

Money is an issue that everyone has for a better and luxurious life Life was hard for me until I started trading bitcoin and am now earning $18,435 per week..

[@ruisangela6065]

I make Big profits on my invstment since I started tradinq with Mrs Christiana Robert, her tradinq strategies are top notch coupled with her little charges......

[@andreabratis3025]

Wow, amazing to see others who trade with Mrs Christiana Robert, I'm currently on my 5th trade with her and my portfolio has grown tremendously.

[@sandraken5250]

This is not the first time I am hearing of Mrs Christiana and her amazing trading skills but I have no idea how to get to her.

[@benjaminejackson4782]

I never doubted trading with Mrs Christiana after seeing her POT (Proof of Trades) I have made good profit this year, I hope to make much more in future.

[@sarahbetty4763]

with the consistent weekly profits I'm getting investing with Mrs Christiana,there's no doubt she is the most reliable in the market. such a genius.....

[@yannickkhalil3355]

Being a youtuber is NOT starting a business. The business is the platform, you're just creating content for the platform.

[@ineffable0ne]

While it might not *technically* be starting a business, it is very much *like* starting a business in a practical sense.

[@monad_tcp]

That's why I'm not an youtuber, but I own an IPTV services company.

[@JamesPhillipsOfficial]

@@ineffable0ne it's called contracting. For example People work for youtube (content creation) but get paid by advertisements, Not google itself. As a contracting business owner you have less rights and a lower income ceiling, at the top end into the 5 to 7 figures annually. If you start a business organically, in ownership, income is unlimited, usually Billions, (at the top end)

[@Jonifico]

It's a source of income which is the ultimate goal. Your technicality is besides the point.

[@monad_tcp]

@@JamesPhillipsOfficial I "wish" people realize that, because I sell those services to them. Aka, marketing., For a small fee, obviously, but its no a cut, its fixed and I don't care for how much they sell their content, I only provide a service. Unlike youtube, I'm not a platform, I'm a utility. We keep with this idea of platforms, we are going to end up a feudalistic society where Google Facebook and Apple owns everything. I don't want that, no one wants that. People should buy their own machines and infrastructure and stop depending on platforms. Heck, have cojones and make your own business instead.

[@FinancialShinanigan]

People telling you to become entrepreneurs get rich selling courses on how to become entrepreneurs.

[@shahzaib.q9499]

But in there defence, that too is entrepreneurship

[@prolificlife1710]

@@shahzaib.q9499 no doubt

[@andeleon6838]

I just noticed the name. Arent you one of them? 😂

[@afr0flava]

@@andeleon6838 I was just gonna say this 😂

[@seanregehr4921]

Well before they can eat they need to rustle up some food for themselves.

[@user-pc7ef5sb6x]

You're just an employee of KZbin without the benefits of an employee. They can fire you at anytime by completely cutting you out the algorithm.

[@HowMoneyWorks]

This is extremely accurate and something that I am depressingly aware of. Same goes for all of the other "businesses" in the platform economy.

[@CESmith]

The good thing is that you don't have a supervisor as long as you follow what's in the employee handbook. ( Which unfortunately changes unexpectedly sometimes)

[@krombopulos_michael]

He's not though. An employee is expected to be in work for certain hours and get things done at certain times. If you make videos you do work on your own time and make money based entirely on how your product performs. He's still a business, he's just one with a single major buyer.

[@JesusSandovalSerrano]

I'd say it's more like being a contractor than an employee. There's no set hours, no quota, no benefits.

[@LordSwagtron]

@@krombopulos_michael except that you kind of do work against a regular deadline, albeit a silent one. if you don’t upload enough videos often enough you will pretty straight up cease to be recommended

[@pkkkks]

Working 14 years in 9-5 jobs (well 9-7 in second world countries), I can tell they suck big time; corporative environments are nasty, mostly politic. The idea of growing up on the ladder is just an illusion; if you are not in the owner's trusted circle, you have a ceiling in middle management. You are in like a salaried prison, and you DON'T own your time. Starting your own business can be risky, but fulfillment and management of your own time can be worth a try. Just be aware you need to have an edge in what you are going to do.

[@dacat8171]

Nice comment. 👍🏾

[@vunguyentr5561]

Really insightful, I would need this

[@Ultralined]

I’m in a 3rd world country where employment is most certainly a trap. Corrupt systems are our downfall.

[@jevaughnvickers335]

1000 percent. “Build your own dreams or someone else will hire you to build theirs.”

[@OffGridInvestor]

You REALLY need to know the game before you start a business in something.

[@Hassan-GnB]

Being a “business owner” is the new status symbol. What matters is service.

[@billyb4790]

Well......what really matters is profit, but I get where you’re coming from. Ideally they should be synonymous.....but they aren’t always. For example when I first started my business I undervalued myself. I performed lots of service while making almost nothing. Say what you will, but the bottom line will always be king. Without it, you don’t have a business and you won’t be able to serve anyone.

[@LowVoltage_FPV]

I'd say that being a business owner has been a status symbol going back centuries, probably even millennia.

[@tianolamas7832]

I grew up with both perspectives, my mother owns a barber shop where she cleans out roughly 250K a year, my father is a chemical engineer who makes roughly 150k a year. They are both successful in their own ways and where very supportive in whatever direction I chose in life. One thing I did notice however, is how my mother has many more additional stressors like : taxes, pandemic, health insurance for employees, working 7 days a week, threat of being robbed, worried that she may loose clients to a competitor, not wanting to take vacations because she might feel like they will leave for someone else. When compared to my father who lives very stress free, he simply clocks in and out without a care in the world. Because of this I personally believe that wanting to have your own business really depends on how much responsibility you really want in life. So really in the end, depends on what kind of person you are. Are you happy being the sole person responsible of whether and employee gets to feed their families? Or do you much rather not worry about how to attach clients and choose just to focus on your stuff

[@feruspriest]

I don't know your dad or his specific job, but my eyebrows shot up when you said he's not got a care in the world. He might not be am entrpreneur, but what he produces has the risk/opportunity to impact multi million dollar deals. A faulty product could cause cancer, or fail to deliver the intended results, and create liabilities. If he gets fired, he might lose access to any distinct invention he made while he was at his company. I get entrpeneur's risks are really up-front and easy to grok, but lets not diminish the risks of experts/skilled laborers.

[@pdorism]

@@feruspriest biggest risk as an employee is that you can lose your job at any time. You're constantly worrying about that and trying to build something to fall back on.

[@RobertoBlake]

Responsibility isn’t necessarily a bad thing if you learn to manage stress. If anything our problem as a society is people avoiding or shrinking responsibility…

[@tianolamas7832]

@@feruspriest i think I should elaborate a little further here. It is not like he is completely un worried about everything, but he sees his job as just a job, he doesn’t bring a ay baggage home or work stress home. The way he described it to me was, “ when I clock out I do not think about work, I think about my family and what we will be having for dinner” he also has 25 years experience so it’s not like he is brand new to this kind of stuff, for him it’s more or less like repeating steps. And if he where to be laid off, he has gone through this before and with skills like his, he has never struggle to find a different opportunity somewhere else.

[@tianolamas7832]

@@RobertoBlake i agree with this but it also depends on how much it’s too much. I tried making my own business and it was fairly successful (wrote college papers while in college, was bringing around 2k a month for three months as a side hustle) but there was always this stress in the back of my mind that if I get caught or fuck up I will immediately get kicked out of college, or one of my customers could give me up as a plea bargain if the professors started catching on. So I stopped it at the end of that semester as I felt the risk wasn’t worth it. After graduating this summer I decided to give my dad style a try and now work a 7 - 4 job as a Speech Analyst making 90k and feel very stress free and happier. Once I’m done with work I do whatever I want, I don’t worry about being called in to do work last minute, I have every weekend off. Making your business definitely has a lot of perks, but for me right now. I prefer this more stress free lifestyle, at least for now

[@cmdr1911]

In theory leaving my company to be a construction consultant sounds great. More money and freedom in what I do. That's what I do now and have been successful. But my company provides vehicles, clients, training, handling hazardous materials and regulatory BS. I just have to show up and perform becuase I have a staff behind me. I also have access to experts. There are cases where it makes sense but for most people partnerships or being partial owners are better.

[@FrederSnorlax]

That regulatory bs helps protects consumers from unskilled and dangerous products. See the amount of toxic vape juice that was sold for ten years before the FDA finally started regulating it. Then again the $50,000 per label test cost is completely destroying the market.

[@cmdr1911]

@@FrederSnorlax The regulatory BS as ot concerns to construction consulting. IE the programs to handle nuclear l density gauges in which operators of the gauges are exposed to a few percent of background radiation. Obtaining contractors lisences when you are doing no contracting but instead advising, setting up LLC in a different that has no office or personnel but is required to do work in that state, getting your pick up truck inspected as a commercial vehicle becuase the state your company has it registered, taxes and legal protection. All are needed to some extent but the bullshit included or that is just unnessarcy is unreal. Work in 4 states 4 different rules, 3 companies all owned by the same holding company. It is insane.

[@WookieSenshi]

I love being self-employed, but it's important for people to understand that that's not necessarily the way they have to go. I couldn't see myself working for somebody else again, but there are plenty of great jobs out there where you do work for somebody. A W-2 job isn't for everybody, but in the same light working for yourself also isn't for everybody.

[@Meleeman011]

lol my family still keeps trying to tell me to get a job. less so now that i'm making more money

[@davidnichol4735]

@@Meleeman011 crabs in a bucket. Keep grinding!

[@TheCuriousPsych]

My biggest drive is being independent from people who have unethical leadership and are all around a***holes who don’t care about anyone but themselves. At this point, I don’t even care if my revenue isn’t that great. I just want to be independent regardless of the hurdles. I have 3 business ideas all in the medical field, and even if one succeeds I will be forever happy.

[@talaverajr391]

@@luxinvictus9018 thing is that I don't want to be taken advantage of. I will die trying to gain my financial freedom.

[@beegeezee505]

I struggled with bs jobs most of my adult life. I designed a product in my garage for fun once and had friends and family lining up to buy. 5 years later I'm still doing it. I'll never fill out another stupid job application or fake smile in an interview ever again. It's real work but it's so much more agreeable for me since I don't have to punch a clock or be micromanaged. I can't imagine ever working for someone else again.

[@HumanDesignforthePeople]

“DONT QUIT YOUR DAY JOB” makes so much sense now after investing and losing so much time and money trying to be a full time entrepreneur.

[@AverageAngel]

Are you open to share any details? Types of businesses, time and money sunk in?

[@dieblaueflamme4387]

I would like too. Always good learning from the mistakes made by others.

[@swancoffeehouse5983]

Different approaches have different results. Did you invest without performing an analysis on whether it was feasible? Did you quit your day job before you had an iterative process of acquiring clients/ sales? Did you quit before having a guaranteed stream of income? Do share.

[@kingdionentertainment]

Yall, just do what works for you. Whether it’s a personal business or a Job. Stop looking to KZbin to tell you what you want

[@MR3DDev]

Problem is the US wants you to be either an employee or an employer. Being a freelancer comes with tons of other taxes that are mitigated if you are employed or an employer. I found it the hard way and went back to being an employee after 3 years of freelancing.

[@dexterne]

Yep, the taxes can be a bitch, as well as all your overhead and risk. That is why freelancers MUST charge much higher fees to cover those costs. The thing is that business owners know all about taxes and overhead and risks, and the smart ones are all too willing to pay high fees to avoid taking more on, because they know they are on the hook for those things if they get an employee to do the task. The biggest killer of freelancers and entrepreneurs is setting their prices too low. I charge 5x more than my former hourly rate. If I charged less I would not still be in business 14yrs later.

[@davidnichol4735]

I'm with you that freelancing is absolute shit, especially when you have a high value skill, but freelancers benefit from their tax situation as the companies hiring you can pay you more than they do their employees and still save money. That being said, dealing with clients is hell, and most are cheap-ass scumbags, but that's got nothing to do with taxation.

[@dexterne]

@@davidnichol4735 Freelancing can be shit if you only take cheap-ass scumbags as clients. It can be pretty awesome if you can see them coming and turn them away at the door, stand up to them when they start being scumbags, and walk away when they don't stop their scumbaggery. There are good clients out there and some that appear scumbaggish will treat you like an equal when you make it clear you aren't their employee and won't put up with being treated like one.

[@markw464]

Glad you brought this up. I was looking into freelancing but those taxes are killer.

[@KWillo]

@@dexterne Out of all the comments on this video, yours is the best and very underrated imo.i've been freelancing since the pandemic and have been doing basically the same advice you mentioned here.I've made 3x the money since things have opened up in my home state (Florida) than I ever did working for big-name employers.That's after factoring in taxes and expenses.

[@Quickonomics]

As an entrepreneur I am offended... by how accurate this is! 😅

[@Bylov6812]

@White wolf true, people can make a lot of money in 7 or more years of working 12-16 hours a day. You don't have to be talented, fit, famous or have cool friends. You need to create or find a formula that works. Improve it if it doesn't work until it does, last longer than anyone, improve your stuff and eventually, someone will want it and give you the escape hatch (with 10 mil in the bag). Now, the path is hard. At least start with reading great books about the topic, but not illusion of practice gurus like Robert Kiyosaki. Real estate won't make you a lot of cash fast. It's really hard to do as many want to get in.

[@domisbrowsing]

@White wolf If you don't think stats are worth analyzing you shouldn't have a business

[@jessip8654]

Business ventures ARE a huge gamble. For example 80% of all restaurants fail. Doesn't mean people shouldn't try, but you have to be realistic about the odds.

[@neeljavia2965]

@White wolf They are still necessary and important. Plus I don't need to listen to a writer to know that stats are useful.

[@neeljavia2965]

@White wolf I guess you need to complete your education before speaking such nonsense and making a fool of yourself.

[@dosmastrify]

People have to change careers because that's the only way to get promoted anymore. Or to get a raise thats any more than a cost-of-living adjustment

[@gadget00]

thats a secret truth indeed, or at least a general well established perception: in modern times its very uncommon to "get promoted" in the same workplace after X amount of years of (successful) work. All higher positions are from new hires from other companies and if you're stuck at the bottom, you have to promote yourself by applying to, you guessed it, a higher position at another company. And the carousel keeps going on. Is it maybe that "large companies" today are actually smaller than those in the 50s or 70s? I mean, at some point there were "country clubs" made exclusively for IBM employees; how many employees can you have to think this was a profitable "perk" to make??

[@jimg9820]

Businesses have realised that its inefficient to promote internally. If Bert is promoted from driving the forklift to managing the forklift drivers, you have an inefficiency while Bert learns his new job and an inefficiency in recruiting and training someone new to do Bert's old job. It is simply more efficient to recruit a driver manager from somewhere else who can hit the ground running. Sadly that means Bert is going to struggle to ever get a promotion.

[@galerinha]

@@jimg9820 not if it is a company policy that every leader has to have a second in command that is prepared to assume his position (what usually happens after all even a leader has vacations regularly). Also the company will need to hire someone to learn bert job because he was hired to be a manager in the rival company. Now company A has more problems than if it had promoted bert, who had the respect of the team and knew all the problems of the company. Tomorrow bert will be calling his old colleagues to be in his team, offering a higher salary for the workers he trusts and know they are really good at the job. Now company A has even more problems as it is losing their best employees. Hr has a solution: we need to talk more about diversity, lets schedule a meeting with everyone.

[@phazon100]

Just buy bitcoin

[@dosmastrify]

@@phazon100 i was too late for that too! In at 50k!

[@michaellouis5458]

EVERY FAMILY HAS SOMEONE WHO BREAKS THE CHAIN OF POVERTY IN THAT FAMILY,I PRAY YOU BE THE ONE, KEEP INVESTING! AND REINVESTING!! UNTILL IT BECOMES A CULTURE!!!

[@homemade1419]

I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

[@bowmore6938]

This is really helpful for my situation I think for people to talk all this good about him he must be an expert,please how can i get intouch with him?

[@tellymayomi6306]

He is on Facebook

[@tellymayomi6306]

Umar Basher jadon

[@tellymayomi6306]

Contact him on FB 👆👇

[@christianfriborg7315]

Finally someone saying it out loud. I’m 40 years old and have been an entrepreneur my whole life. And I can tell you it’s f….. hard work and stress man.

[@Acez21]

I hear that, so why keep doing it? What keeps you going And putting in the hard work/dealing with the stress?

[@christianfriborg7315]

@@Acez21 used to be 90% for the money, and 10% the freedom. But now it’s like 50/50 the money but also building cool stuff

[@availablehage]

McDonald's are hiring i hear

[@DiZzAstA]

@your mother's bum oh yaa, and why's that? Just b/c you say so??

[@SusCalvin]

@@christianfriborg7315 I think there was too much "survivor bias" where people forget the family businesses that failed after two generations or janky inventions that never caught on. I think it's better when you can fail at something and come back at it again. People are much less willing when the personal risk rises sharply.

[@smeedal3343]

All’s I’m getting from this channel is: Wanna go to college, get a worthwhile degree, and make a good living? Haha good luck idiot Wanna take investing to the next level to secure ur future? Haha good luck idiot Wanna retire? Haha Good luck idiot Wanna house? Haha good luck idiot Wanna literally do anything at all that involves money? Haha good luck idiot And so on and so forth. (I’m still gonna watch all the videos tho)

[@HowMoneyWorks]

Haha good luck idiot.

[@kenny1514]

That's his business model. I think the channel is anti-hype and anti-influencer guru, which our society desperately needs in my opinion.

[@fapitbullet]

It's kinda true tho. The game is rigged against the vast majority of people. Unless you're in the top 10% (and I'm being generous), you're a fool to think you'll get to retire living comfortably in a house you own.

[@smeedal3343]

@@HowMoneyWorks lolollol

[@smeedal3343]

@@kenny1514 tru bruh, I'm different tho i got three followers on tiktok so I'm bound to be famous

[@MysteryofMoney]

Unfortunately I have also seen great businesses, such as trades, that do great work but end up failing because they don't have the business or financial background. I always advise small business owners that they need a team of people that can help them succeed. Delegate what you are not strong in and focus on what you are. Love the videos, congratulations on 200K!

[@DF-et4gs]

I don't think they realize that while they were good at what they did, they now have to wear 6 different hats at any given time. Unless you have the capacity or the capital to expand your team it is going to be difficult. Ask me how I know :P

[@ohohnenyeoo2654]

@@DF-et4gs how do you know?

[@DF-et4gs]

@@ohohnenyeoo2654 I run a trade based small business built from the ground up over the course of a decade.

[@darthzator]

I have always been interested in financial literacy and found myself getting sucked into hustle culture. I had to make a concerted effort to unfollow and avoid social media content related to it. I appreciate this video and this channel for calling out the problems with hustle culture.

[@DKNguyen3.1415]

@sandponics Hustle culture referring to rush rush rush all day working long hours, not scams?

[@doragary3717]

When you invest you're buying a day you don't have to work

[@claresmithy4667]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@mbalimaka6393]

I recently got into forex trading and I'm already marvelling over the profits am making

[@claresmithy4667]

I'm new to crypto trading, how do I get started with the help of a professional?

[@claresmithy4667]

Any specific guide?

[@claresmithy4667]

@Dr Robert Thank you, I will write her immediately

[@callmelil]

A lot of people like to see any 9-5 job as a dead-end job and the worst thing you can do. Entrepreneurship doesn't work for everybody and it's not the *only* key to success. Great video! 👍

[@pegoe7784]

Fun fact. In the US 2/3ds of businesses fail just after one 1 year and out of that 33% half of them fail after a few years. So, statistically, the odds are agaisnt you from the beginning and they are even more against you early on

[@Stinkmeaner420]

@Happy Sisters depends what you do for a living and what your compensation is like. 9-5 gives you security, ability to leave work at work and increasingly option to wfh

[@dudedude365]

@Happy Sisters take care of family and House 🗿

[@baderhabib6606]

@@Stinkmeaner420 and it doesn’t matter what u do for a living. Ur still working and chasing money on the hamster wheel till u die. Also at the cost of ur freedom

[@Stinkmeaner420]

@@baderhabib6606 if that's what you think, then go and start a business. I guarantee you won't be nearly as successful as you think you will (assuming your business hasn't gone under in 5 years as 90% do). I can also tell you that you will work twice as hard as a software engineer or accountant for the same money. When you run a business, work does not stay at work. You are always 'on', 24/7. Who do you think is really on the hamster wheel; the guy who can go and chill after 5 and has weekends off, or the guy who is obsessed with growing his enterprise?

[@ichkommentiernurkommentare7237]

Great Video. I think there's a big difference between being your own boss, and "being your own boss" while you're actually just an employee without an employees benefits. I also love how you manage to tell the sometimes ugly truth, without being so cynical, like other channels. Here, take my 2 bucks per month :)

[@difference018]

Being an employee carries just as much risk. You have no control over your wages or your time. You can get fired at any time. Your place of work, hours and vacations are determined by your employer. Most of the people that lost their jobs during the pandemic were not entrepreneurs; they were regular employees who fell for the illusion of safety by having a job

[@robertcowher]

True, but there are always two sides. If you focus on an in-demand skill(Plumbing, electrical work, IT, whatever.) then you can get fired in an afternoon, but get hired again and back to a paycheck in weeks. If your business has been blogging, KZbin, working for Uber, or even running your own store or restaurant, it's going to be harder to turn that experience into another job. It's not that you can't(I'd love to hire someone who's run a business) but it's not quite as transferable as knowing how to write code, lay pipes, or fix someone's circuit breakers. Of course, if your business is centered around a core skill like that, everything I said goes out the window :)

[@krombopulos_michael]

It doesn't carry nearly as much risk. Getting fired from an established successful company without cause is far less likely than your small business going under, and you don't have to think about it every day of your life. And having your hours and days off determined has no bearing on the risk of losing your income. Its a dumb point to bring up anyway because its much easier to take time off when you do work for someone than when you run a company.

[@RobertoBlake]

@@krombopulos_michael you’re not accounting for discrimination and gatekeepers when you say that …

[@MckensyLong]

Then spent all their stimulus money on e-commerce and yelled that Bezos made a bunch of money while they were unemployed.

[@Lordblow1]

Common knowledge among many successful business owners. You get experience with how a business works by working in one, preferably in as many positions as possible and especially managerial positions. You then use that experience to start your own business.

[@Zack-fu4lo]

Isnt this the reason why the ‘magic’ age for creating a successful startup is 42? Because they got experience, capital and connections from their employee days

[@Lordblow1]

@@Zack-fu4lo essentially

[@godfreymashale9323]

Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use of it than they can. It’s not much different from bond investing. The way I see it if you have a million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income.

[@clairefrewman1456]

It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

[@godfreymashale9323]

@@clairefrewman1456 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@donaldlocher2537]

@@godfreymashale9323 Over the following 3 months, I want to increase my reserve from $280,000 to at least $550k. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.

[@godfreymashale9323]

@donaldlocher My advisor is James Fletcher Brennan, a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@donaldlocher2537]

@@godfreymashale9323 he actually appears to be well-read and educated. I just did a Google search for his name and found his webpage, I appreciate you sharing

[@doragary3717]

Your business will make you rich but investment makes and you keep you wealthy, we all deserve to be successful and have financial freedom, I pray everyone here becomes successful

[@thomasdooley3702]

Assets that can make you rich Cry-pto Stocks Real estate

[@cassiejacobs4197]

@@thomasdooley3702 You're right, it's obvious a lot of people remain poor due to ignorance

[@mbalimaka6393]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@madiezancanellatl9205]

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

[@mbalimaka6393]

I'm new to this Bitcoin trading, how do I get started with the help of a professional?

[@swoopcoby3036]

Its a good thing to slap people into the reality that starting a business is hard. If it is easy you probably wont make much for it

[@burner0821]

I just think of it like this. If it was easy, everyone would own a million dollar corporation

[@ZoMichael-a]

Incomplete. If it's easy, it's most likely you're not the first or the pioneer in that business. Yeah, not much profit too.

[@AmazingStoryDewd]

Easy is realtive many people simply aren't good at it.

[@AmazingStoryDewd]

@@burner0821 It's a poor way of thinking about it actually. There are many reasons why not. Some people lack ability, others lack skills, or some just don't have the discipline. There's also the fact many small businesses goals are geared towards making millions.

[@MarkusWaas]

Great video. Another point to this is also just starting a business that people don't want to do. You can easily make 6-figures running your plumbing company in California. This example comes from 'UNSCRIPTED: Life, Liberty, and the Pursuit of Entrepreneurship' which is a pretty good book on the topic.

[@HowMoneyWorks]

Exactly. Too many people want to be travel vloggers, while giving up good money on the table doing a good trade

[@koopalad4]

yep, a friend of mine met a multi-milionaire guy which business was selling cold packs in italy, one of the best examples

[@nicholasdean3467]

You can also easily make 6 figures being an employee plumber. Seattle plumbers starting wage is 75-100k now. Since no one wants to do manual labor.

[@MysteryofMoney]

I always tell my kids, find something that people need, or don't want to do, and you will be successful.

[@pdorism]

You can make 6 figures mopping floors in California

[@susannnico]

Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

[@nicksshitbro]

How the heck do you multiply your money? By investing? Do you mean like - buying 10 shares for $100 and a year later they're worth $200 so you doubled it in a year? Or?

[@fflk4]

Success seems to be connected with action successful people keep moving. They make mistake,but they don't quit .The stock market has plenty of opportunities to earn decent payouts, with the right skills and proper understanding of how the market works.

[@Bernd428]

Starting early is the best way of getting ahead to build wealth, investing remains a priority.

[@Bernd428]

Stay invested, diversification for streams of incomes are very important

[@Bernd428]

I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time.

[@nwann753]

I urge everyone to start Somewhere now No matter how small, this is literally the time for that, forget material things, don't get tempted,i became better the moment i realized this.

[@nwann753]

Many of us don't know where to invest Our money so we invest it in the wrong place and to the wrong people

[@oscarkelly3378]

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@ebonicalbert5711]

Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@oscarkelly3378]

@@ebonicalbert5711 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez, her trading strategies are top notch coupled with the little commission she charges on her trade.

[@oscarkelly3378]

@RONATO Johnson My coin stays right in my trading account, my account just mirrors her trades in real-time that's the idea behind copy trading.

[@ebonicalbert5711]

@RONATO Johnson Same here, My portfolio has been going down the drain while I try trading, I just don't know what do wrong, have invested $18,000 in crypto all have now is just $5365.

[@ebonicalbert5711]

please I really need help with her info.

[@SlayNetwork]

Some you tubers work insane hours

[@robbiealderton1361]

yep. a YT channel that i watch, spends 6 hours streaming per day, then 3 hours playing off camera for the stream content, and another 2 hours making and recording a script, then the editor spends 6 hours and 2 hours per day making 2 videos, a regular episode and a scripted video. Unbelievably work ethic they have, and sadly it hasn't payed off as good as they deserve. They got stuck into a dying section of youtube, and couldn't leave.

[@JCLW1027_2_]

@@robbiealderton1361 what's the channel?

[@RickMyBalls]

Tubers of you

[@BlazeElPadrino662]

@@robbiealderton1361 It just happens, even in regular businesses. High effort doesn't always guarantees a high reward. Just as it was already said in the video sometimes you must either work more efficiently or try to manipulate the surroundings or odds in your favour. It's that or just have the opportunity to be at the right time under the right circumstances, which could even be a matter of pure luck. Best regards!

[@ehrenloudermilk1053]

@@robbiealderton1361 you are confusing work with broadcasting a hobby

[@Benjamin.365]

When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.

[@jomeyrfrancis]

@Park Jude Wow I' m just shock someone mentioned expert Mrs Sophia I thought I'm the only one trading with her

[@jomeyrfrancis]

She helped me recover what I lost trying to trade myself

[@moonsun3866]

I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working

[@joyfulstella]

@@moonsun3866 she's obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days

[@greatffgyv]

she's really amazing with an amazing skills she changed my 0.3btc to 2.1btc

[@43ne]

"If you really want to get into business, you want to find something that's incredibly hard to get into". I disagree with this. Business isn't about what's easy or what's hard to get into, it's about giving people what they want. If you can get people what they want, it won't matter how easy or hard it is to do. The hard part, and the part that takes time, is finding and reaching out to people who have the specific need for your services.

[@machielluchtmeijer7796]

Yeah but if it's easy there are going to be a lot of people doing it already. You are arguing the same demand-supply point, except the video says to do something where the supply is small, and you are saying to do something where demand is high

[@steak5599]

He is talking about Competition. Even if you discover a money making secret no one knows about, slowly these secrets will work its way to public knowledge.

[@43ne]

@@machielluchtmeijer7796 not everything that is low supply will have high demand, but anything that is high in demand is...well, in demand. It's better to develop a low skill/service where you've already secured a buyer(confirmed demand), than it is develop a very hard to develop and low supply skill/service that 'maybe' someone will buy(unconfirmed demand). low risk, low(er) effort, but consistent work - as long as you're consistent too with confirming demand.

[@talaverajr391]

@@machielluchtmeijer7796 not really. Look at McDonald's franchises. They are all over the world and yet they are still very profitable because it's something that people will always want.

[@pegoe7784]

@@talaverajr391 McDonalds is very profitable because they are in essence a real estate company... not a fast food chain and McDonalds was started many decades ago.

[@zydhas2838]

I started a small online business myself, and it was amazing how many people I got talking to me about starting their own, absolutely shocked to find that VAT is a cost that you have to bear on every single thing you sell.

[@jon-lukebiddle6384]

Lots of companies flick it to the consumer

[@austin2640]

"It's ok to be unemployed, as long as you're not an entrepreneur."

[@cryora]

What about an unemployed gamer?

[@ericharrison5724]

I think the pandemic have really thought people the importance of multiple streams of income, unfortunately having a job doesn't mean security

[@anitabaker2339]

Investing in today is priceless because tomorrow isn't promised, trading Bitcoins,gold, silver and crypto secure a better Tomorrow.

[@dianec.657]

When money realize that's it's in good hands, it wants to stay and multiply in those hands, if you really want to make points out of money you ve got, you have to take it out of your saving account

[@annabellemichelle2376]

Trading crypto now would be wise but trading without a professional is really bad I tried to trade alone I completely lost a lot of money till I started trading with expert Richard Emerson, that is a nice broker

[@gabrielle6769]

@@annabellemichelle2376 I'm happy to see Mr Richard Emerson mentioned here, he is recognized in the society, My colleague recommended him to me after investing £4000 and he has really helped us in times of this bad pandemic crisis

[@carminerosato7150]

@@gabrielle6769 Exactly, money is always eager and ready to work for anyone who is ready to employ it, I was able to withdraw my profit of $17,000 after investing $3,500 on Mr Richard Emerson platform some days ago

[@kevito666]

Took me a while to click the watch button, seeing as I just started my own business. Selection bias is high for this one, ha. Fortunately my business is not easy to get into, requires specialized skills and training, not to mention equipment, etc, which I all happen to have... so thanks, I feel better about my decision. I want to be someone who will retire one day ;)

[@davidnichol4735]

It's important to expose yourself to people who may or may not be ready to rip your soul apart. Sometimes you learn something like here, most times it just helps thicken your skin. The socialist Twitter mobs only get more aggressive the more successful an individual is. Just look at the response to the Twitch leaks lol Hearing the "starting a business is stupid" spiel is like training wheels.

[@johnfisher8401]

barriers to entry are never a good thing

[@FeterPrahm]

@@johnfisher8401 tell that the doctors and lawyers

[@johnfisher8401]

@@FeterPrahm good for the people who are past the barrier

[@FeterPrahm]

@@johnfisher8401 Also good for the people putting up those barriers

[@555salt]

For me starting a business is about freedom. I’m fine with dealing with hard problems so long as I’m not in the position where I am subservient to another human.

[@hisholiness4537]

How are you gonna handle clients, then? The better paying they are the more likely it is that they've got a superiority complex.

[@krombopulos_michael]

For me working for a company is about freedom. I get 25 days off every year when I want them, I get to spend my time after 5pm and on weekends doing whatever I want and not worrying about making sure the company is still profitable, or working there non stop. And I'm not subservient to anyone, because if I don't like my job I can quit when I want.

[@octyedesign8408]

Running a business does not make you free at all. You are more subservient to your clients as a business owner than to your boss as a employee.

[@555salt]

@@octyedesign8408 in my buisness I work for maybe 5 hours a week. its basically passive.

[@dexterne]

555salt, I'm with you. Free for 14 years here. I set my hours and am subservient to no one, including my clients. You can only be subservient to someone if you choose to be. Many business owners DO enslave themselves to their clients or to their businesses, but it is not the only way. I make it blindingly clear to my clients what I need and walk away when I don't get it.

[@boi5599]

Im 21 and started my business and the hardest part is in the beginning where you have to keep re-investing back into to make more money, but overtime you'll get the snowball, marketing 101 is also important!

[@johnfisher8401]

right...

[@michalblasko8740]

what bussiness you started ?

[@bernardok.c]

@@michalblasko8740 another desperate personal

[@auraofhim]

Are you still in the game?

[@arar983]

This video sponsored by the CEOs of America. They close by saying get back to work. And no raise for you. And your vacation request is denied.

[@Alfram]

Love how sober this channel is compared to all the noise on the internet. Keep it up man!

[@JAN0L]

Can you make a defending the indefensible video on discarding and destroying food by producers and supermarkets (that also pump food full of preservatives)?

[@HowMoneyWorks]

That is a great idea, I will look into it!

[@whatsup3519]

@@HowMoneyWorks I have a question. What is value investing ? How does it work? Could you please make a video about it? And is shorting a part of value investing? Which done by Michael burry in 2008? Could you please answer my question

[@johndavebobtim5049]

@@HowMoneyWorks You know what would make a good defending the indefensible video. One about slashing the social safety net.

[@davidnichol4735]

Fortunately, free societies allow for problems like these to be fixed. There's way, way, way worse ramifications to the centralized food production system the US uses than all the food in dumpsters. The only way to fix this is for the market to make decentralized food production easy enough for our lazy asses to actually be willing to do it. As far as defending throwing away all the food goes, it'll be one short-ass video. If they didn't toss all the unsold food, they'd all go out of business, after which our entire country would fall apart in weeks as the populated regions have less than 3 days worth of food and so would turn to violence and cannibalism to attempt to beat starvation, and the rural food producing areas would be raided and over harvested by bandits.

[@johndavebobtim5049]

@@davidnichol4735 Huh makes you think maybe a system that insentives the wasting of food isn't the best one.

[@levihalperin7649]

Best to have a part time job, or at least employable skills on the side while starting the business

[@Lemonz1989]

I started a business because I lowkey hoped that I would be run over on my way to work, because it was so awful. HOWEVER, I did actually get run over in September by a VERY inattentive driver. But it was on my way home from work, lol. I broke my left knee and right wrist, so I currently live off the drivers insurance money, because he was at fault. I also lost my soul crushing job after 6 weeks of sick leave, so the only income I have now is compensation for “damage” to my body and compensation for lost pay from my job until I’m completely healed (probably not until February). Also for the time I don’t have a job, because the job loss was directly tied to my broken bones. Long story short, I have a lot of downtime to work on my business, and have actually started to make money, which I’m ecstatic about. Hopefully I can make it my full time job before I’m completely healed and stop getting insurance payments. 😜

[@RosaLopez-vx5yr]

The wisest thing that should be on every wise individual list is to invest in different steam of income that don't depend on the government to bring money especially now

[@robhochstein4672]

I remember my friends calling me crazy when I started investing in Bitcoin now I earn $ 16,700 every 10 days recently😊

[@michelletaylor7623]

Same here, I make $32,400 profits on my investment since i started trading with Mr RICHARD JAMES his trading strategies are top notch. I'm winning consistently trading with Expert Richard James he's really the best broker I've made a lot of profits investing with him

[@harrykim7007]

I have heard a lot about investment with Mr Richard James and how good he is. Please how safe are the profits ?

[@mchenryjames3116]

Amazing I also just started trading with Expert Richard James with an initial investment of $1,400 I made up to $6,700 I just one week of trading with him. His strategies are mind blowing

[@jackiegoebel88]

I have also been trading with him, the profits are secured and over a 100% return on investment directly sent to your wallet.

[@ModernPhilosopher7]

The way of thinking that you have to start a company in the field you want is stupid, first you have to study and gather knowledge about it, then work in it and gather experience, and then create it and be obsessed about what you do and find out how to deliver the most value in your niche.

[@TheLeah2344]

I started a business and it’s definitely not easy but I love what I do. I am currently working a job and working on my business but I do want to work on my business full time. I turned my hobby into a business and yes I do work on it every single day but it’s worth it.

[@MartyrHandle]

That's the thing you love it now until it becomes the only thing you focus on and depending on your personality if you spend 100 hrs+ on the same thing it gets to be the equivalent of a Job you no longer want to do 😢

[@jayc4715]

Doing what?

[@Goldzwiebel]

a year ago i was also strongly tempted to start an online business. I wanted to do it alongside my day job. everything was calculated: the money i might lose and the hours i can and must put in in the evening. However, I then noticed that there are opportunities for further training in my job. i just need to study 200 hours to make 1/5 more money for my life! i even got the costs for books and the state exam out after just one month thanks to the salary increase. For me it is clear: I will continue to educate myself in what I can already do! I can only advise everyone to find out about the possibilities of further training in their area. it might not be as fun as selling craft stuff on etsy, but it's a real hit. and if it's just something that doesn't get you fired that quickly - it is better than nothing and be like all the other.

[@graham1034]

The closest I can think of to hitting the middle of the ease/reward/certainty triangle is being a software developer. Not as hard as being a doctor or lawyer (or most other educated professions), you'll get a six figure salary within a few years, and there are way more jobs than programmers so it isn't hard to get one. The downside seems to be that you have to love solving complex technical problems or you'll hate your career as a dev and probably not do very well in an industry that is as meritocratic as software.

[@alexyoung1531]

💎 💎 💎 💎 💎

[@issecret1]

Meritocratic my ass

[@graham1034]

@@issecret1 it is in my experience anyway. Just prove your skills in an interview and you can get a job at pretty much any company. No school or previous experience required.

[@op8995]

True. As a software developer for a couple of years (not computer programmer), it has been the least stressful career I have had...and pays the most from my previous careers in ITS.

[@FeterPrahm]

I wouldn't say that being a doctor is difficult in comparison to CS. depends on the specialization and memory. it's a different skillset than programming. I argue that most people would be bad software devs

[@samanthaabreu782]

Being a freelancer means work 24/7 , never have vacation and spend your days scared of not having money enough to pay the bills next month. It's awesome for my anxiety.

[@rasaecnai]

This channel is successful because it actually offer content that are valuable. I like this channel because it does not sell me stuff and is not bullshiting me.

[@DanielJahn]

My motivation for starting a business is to pay less taxes. As a CPA I know how employees get scammed by the government.

[@kizryuver]

Could you please elaborate some more about it.. Since depending on context it can mean different things.

[@evannibbe9375]

@@kizryuver For example, politicians came up with the idea of “sharing” the cost of social security between a business and employee, but all it means is a reduction in what the employee would otherwise be paid that is equal to the amount the business is “paying.”

[@kizryuver]

@@evannibbe9375 ohh i half get it.. Does the last two lines mean that business and employees pay the same amount and the cost that business pay seem less but that amount is high for an employee? Hence it kinda being unfair?. Or is it something else..

[@Michael-Gill]

@@kizryuver Pay yourself via a Trust (that you run), which owns an LLC (that you chair) which is the holding company for your end operating company LLC (that you also chair). This channel covered it here: kzbin.info/www/bejne/ZqavmZtrfLirqbM

[@kizryuver]

@@Michael-Gill ohh..just wondering tho but whats the goal for doing these things (does it somehow reduce the taxes you have to pay or is it something else ).. Since i m not that good at things that are implied i do sometimes need things and reasons being clearly spelled out.

[@rodgeraarons8997]

Selling the “dream” is very much a scam.

[@m0neyzg641]

👆👆👆Get me directly for more.. guidelines and crypto... earnings ( BTC/ETH/DOGE)......

[@MckensyLong]

America must be a scam. :) It sells the dream so big that people risk their life (not just their time) to get here.

[@keemankeelam1660]

selling feet pictures is called this now....

[@HowMoneyWorks]

I call that a high margin low overhead business. Shame nobody want's to see How Toes Work.

[@user-ck7tg1dq9y]

@@HowMoneyWorks Shoot your shot man. The Toe industry is booming.

[@bangtwicesib4281]

This really broke me down for starting my business.. I mean I’m still gonna do it because I believe i have the qualities and abilities to become that person but u should make a video about why someone should be an entrepreneur

[@canyouspellophthalmology]

I love this. Thanks so much for making a video on it. The first businesses course I took promised starting a private practice would be so easy and I’ve fallen for a few more courses selling how simple they’ve made it for you to make an online course, make $, etc. These decisions occurred when I was at my most vulnerable and in need of money and hope. I don’t know if they realize but they do target/get a lot of vulnerable and desperate people

[@PathyV8]

how are you doing now?

[@whatsupbudbud]

They sure know it.

[@canyouspellophthalmology]

@@PathyV8 thanks for asking and sorry i didn't see this sooner. i'm doing better and hoping i can do private practice in the next 5-10 years but we shall see. just focused on debt payoff and building capital now :)

[@nocensorship8092]

This video wasn't what i hoped it would be. You talked a lot about self employment as part of a larger company like ueber etc. You didn't talk much about an actual business. When you just work for someone else and get paid by the hour like food delivery or ueber, that's not your own business at all lol

[@zeliavoss]

I've been a freelance writer since 2011 and it's a massive amount of stress. Since late 2019 I've been working exlusively with a single company, essentially having a normal day job, and it's been incredble. Constantly finding new clients, dealing with those who ghost randomly, and most clients being assholes to work with wears you down. And the 'internet guru' approach is to barely be an actual writer and then start a content company. Just hire other writers and take a cut, easy money right? That just makes your job dealing with clients, marketing, and complex accounting, all shit I hate. Now, I'm finally at a great spot but I'm no different than a staff writer, other than worse taxes and no bennies. Technically a business owner, but living a 'traditional job' lifestyle is way less stressful.

[@KavanVII]

I've wondered how effective it would be for some of those entrepreneurs to wait a year on their small business and take basic accounting at a junior college. Maybe not the Uber drivers and KZbinrs, but people like those shown at the 7:52 mark in the video. I've known a couple small business owners who could get super excited when they found a way to save $500 a year for a business that was running at a six figure loss because they didn't realize how bad things were going.

[@joestein6603]

You don't need college for that , you can shadow a wealthy entrepreneur or you could read free pdf books online.

[@Kenionatus]

@@joestein6603 That leaves you at the risk of falling for the "influencers" mentioned in the video. Their prime interest is to get people to watch their content, not to educate them. HMW explicitly stated that they, intentionally or not, misrepresent the ease of starting one's own business. Community college (or other publicly funded educational institution) are put in place by the state for its own interest: a stable, well working economy and content citizens. People being able to assess the risk or and, if appropriate, carry out the start of a new business contributes towards those goals.

[@joestein6603]

@@Kenionatus But college students are deceived into get degrees that no one want. They say you can make more money with a degree yet there are many graduates that can't get a job and if they do it's in a profession that is less than desirable. (Retail, bartending, fastfod, etc). They even fall into huge debt because of it , Besides everyone need to look at things both ways. Everyone have to question things like , you must ask yourself how did this person get rich? If they fake it till they make it then you know they are scammers. If not then you can follow their path.

[@davidnichol4735]

How is falling for the biggest scam of the century supposed to help people who can't do addition and subtraction?

[@issecret1]

@@joestein6603 yeah, just find the friendly neighborhood millionaire and tell them you want to learn their secrets. Easy peasy lemon squeezy

[@waynecmontgomery]

Your videos are very insightful. This is why I chose to start a hobby as opposed to a business.

[@777ElectroHarmony777]

Love the video, totally agree social media tends to overpromote the benefits and not the reality of starting your own business. One thing that was not explored was the difference between starting from scratch and buying a small existing business. Starting from scratch is incredibly hard with a really high failure rate, but not a lot of conversation space is devoted to buying existing small businesses. The probability of a startup or new business failing is ~90%, while the probability of an established business that is profitable is ~10% or less. The common counterargument is "I need capital to buy a business...", when in fact the SBA will loan out 90% of the value of the business with very favorable terms. In other words for $50K most common folk can own and run a $500K business with only a $50K downpayment, where the debt is paid with the cash flow from the existing business, not to mention the salary they can afford to pay themselves for a $500K business is over $100K. Check out "Buy Then Build". This is the only "start your own business" material that actually makes sense and is realistic about the outcomes.

[@JoseMartinez-bh1ng]

I keep saying this. Starting a business is the best thing you can do because even if you fail the skillset and knowledge that you have can be used as leverage for you to get a high paying job. Entrepreneurship is really about developing skills. If your business takes off great if not at least make yourself able to make 6 figures a year.

[@ADMIN-ye3yj]

Thanks~~~~< for watching_and don't forget••• to hit the like>watsap ➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲...

[@rajanalexander4949]

What an accurate and sobering video! The dream of instant riches is as old as humanity itself. But the stats on startup business success remain shocking: something like 95% fail in the first year.

[@jacobscanlon9311]

This video made me realize that KZbinrs are actually just a loose version of employees in a sales position with their own office.

[@AK-47ISTHEWAY]

Yep

[@SinlowMusic]

Small business owner here. Hit 6 figures in my first year. It’s not for everyone. People love the idea of it… not the reality of it or the work needed.

[@financeclubyt]

Starting a Business is difficult but It could really Pay off. You will probably fail many Times.. but If you are right one time you can be rewarded for Life. If you Love what you do you That is the real Goal👍 good Video 🙂

[@HowMoneyWorks]

It sounds like you have the right attitude.

[@financeclubyt]

@@HowMoneyWorks Thank You for the comment 👍 I Hope so🙂

[@yyunko7764]

probably first learn which words should be capitalized

[@financeclubyt]

@@yyunko7764 english is not my mother language, so the auto correction is not working well for me

[@yyunko7764]

@@financeclubyt good point, I'm mostly being an ass, don't mind me

[@nickinvietnam1989]

That’s so true, my side hustle which is selling in a marketplace makes me more money than my main job which is a teacher, but one change by the platform and my business goes under.

[@jamieaiberici2395]

Good video!! Very attractive from start to finish. However, the wisest thing that should be on every smart individuals list is to invest in different streams of income that are not dependent on the government to generate money, especially now business and investing is the easiest way to make money regardless of what party makes it to the oval office.

[@netogt3544]

Same here, I made $12,400 profits on investing since I started trading with Mr Grey Smith his trading strategies are too notch am winning consistently trading with Mr Grey Smith . He really the best broker I've made a lot of profit investing with him.

[@susansirota4170]

I heard a lot of investing with Mr Grey Smith and how good he is, please how safe are the profit?

[@allimalnik8347]

@@susansirota4170 I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.

[@paulsirota2583]

After watching so many KZbin tutorial videos about trading I was still making losses untill Mr Grey Smith started managing my investment now, I make $6,800 weekly. God bless Mr Grey Smith . His been a blessing to my family.

[@alexsispecuch3148]

😭 I've seen a lot of recommendation about Mr Grey Smith , Please can I have his info? I want to invest 2,000usd with him.

[@Iamwolf134]

You'd be surprised how risky being a business owner really is, especially with the corporate CEO, who stands to lose the most out all those involved.

[@Horribl3Gam3r]

I love how while watching this video I got an ad about how the company who was running the ad could help me start my own business

[@anitagofradump5195]

Absolute legend for owning up to the fact that luck plays a huge role in success. Super rare to see that in successful people these days - much respect

[@EFFamily]

It doesn’t mean everyone got lucky. Just that he was because he’s entitled and privileged.

[@roncerjani9063]

​@sandponicsSaying that you imply that those people whose business failed to take off didn't work hard enough? I know a guy who opened and worked at his own pizzeria, while also working for a restaurant to fund his business. Same pizza quality, the restaurant was full, had really good reputation for pizza, his own pizzeria was operating on a loss. Until he decided it wasn't worth anymore making pizzas 12 hours a day and shut his pizzeria down. Only dropshippers online have a cozy low risk business. And it's about time someone explains to them that dropshipping is illegal.

[@sentientbeans]

Yes, but they’re only able to take advantage of the luck if they’ve put in the work and are ready for it. Most of it is still hard work.

[@laverdadbuscador]

people don't wanna be their own boss....especially with employees. People just want more free time because even 40hrs a week is too much. The weekend comes and all you have is enough energy to do 1 thing, then spend the rest of it recovering from the week.

[@kendellfriend5558]

Being an entrepreneur is something like none other. I started my business which failed it’s first year but I diversified and now it’s successful. But owning a business takes up most of your time.

[@AK-47ISTHEWAY]

Having your own business and deciding your own salary/pay structure is ALWAYS in your best interest! It is possible to work a normal job and have a business on the side. Not to brag, but I have 2 small businesses and still work a remote job.

[@kevinlipps2817]

Today, "entrepreneur," is basically glorified self employment. Few actually own a business, much less are entrepreneurs. How many actually make profit, after expenses? How many hours a week?; How long before they receive profit?

[@brandonsupgaming7039]

Stay in the matrix

[@SatchelChannel]

Get a good paying degree (IT, Engineering, Medicine), work and live under your possibility, invest as much as possible in index funds and retire in a poor country... you'll be' less stressed and less atomized than business owner working 24/7 just ti stay afloat ;)

[@Determined_Externinator]

Well if you have a lucky start (like born into business owner families, etc), its more likely for you to succeed

[@HowMoneyWorks]

I made a small fortune by starting with a large fortune.

[@profdc9501]

There's another reason they need you to believe you can start your own business. This perpetuates the myth that anyone can be successful and that effort and merit are rewarded with success. If this was not believed, then employees might start to realize that others may not be successful because of their efforts or merits.

[@nerimed9617]

9:13 youtubers after 4-6 hours of filming and editing, spend 1 minute on their video telling you how hard they worked for that video. meanwhile law and med students spend anywhere between 6 to 12 hours a day, every day, studying, just to get into a job and pay loans until their 40s. welcome to the 21st century

[@paysmenot2624]

KZbinrs do have to work for 12 to 15 hours but very rarely .that's in those very few instances where they have to make detailed video on some trending topic to get good views or gain popularity. Overall most of them don't even come close to how hard actual jobs are.

[@nerimed9617]

@@paysmenot2624 oh yeah, there are definitely youtubers who do a job that would normally require an entire tv production crew, but most of them do as much work as a 9 year old kid

[@nerimed9617]

@@HELLO7657 again, some really do put in a lot of work. but, no matter what your idea of entertaining is, there is also low effort content that gets millions and millions of views, mainly, but not necessarily, from people who post daily. what i do not understand is, why do people like you always use the "why don't you try it yourself" argument, as if everyone wants to become a youtuber. has it ever occurred that maybe not everyone wants to be a content creator (be it a good one or a shitty one)?

[@nerimed9617]

@@HELLO7657 it's not a matter of whining about the amount of money someone makes and how much effort they put into earning that money. it's just as you said, such stuff is controlled by supply and demand and that's how it should be imo. the problem is, not only giving importance to things that have very little real value to offer, but also the implications of doing so. you can see the rise of "influeners", scammers, weird kids content etc in the last couple of years. that's because this stuff is like a proinflammatory cascade, one asshole gives rise to 10 others and soon enough you have young kids refusing to take proper higher education that would result in necessary jobs (just as we are seeing in the us), because why would they? that was the whole point of my comment in the first place, this is not a sustainable form of economy

[@PikaPetey]

The more i listened to this video the more I realized this person has no experience in actually running a business. They only talk about running a business. It's like talking to someone who is only book smart, and not street smart.

[@8020drummer]

5:31 only if you rely solely on ad revenue rather than using it as a discovery platform. (For the record - I’m not selling any courses on starting your own business ;)

[@matthewrodriguez257]

this guy is just contrarian for the sake of being contrarian, it makes him MONEY

[@jordixboy]

Good thing im a software engineer, creating a business is almost 0% risk for me, a saas for example.

[@jamesbyrne9312]

So you make a tonnes of money as self employed youtube but you tell everyone to keep their 9 to 5....er ok. Lmfao