Financial Freedom Short-Cut! How To Pay Off Debt FAST And Build True Wealth

Miles here, and this video
is all about money, specifically how to achieve true financial independence. So we’re talking about paying off all your
debt. We’re talking about building true wealth and
a system. You’re going to learn a specific system. The same system I use to go from over $50,000
in debt, constantly bouncing checks, constantly overdrafting accounts, having to borrow money
from my parents to truly getting on a path of financial freedom to be able to live where
I want to live, to be able to buy houses, et Cetera, et cetera. Now there is a system that I’m teaching you
that I personally use, but keep in mind, this is personal finance and your personal situation
is different than mine and your personal situation is different than mine was. Okay? I was living with my parents at the time. I had $50,000 in student loan debt. I had no income because my businesses had
failed and I didn’t have a job and that was the hole I had to dig myself out of. I don’t have kids so I’m not saving for retirement
accounts and I’ve already got a couple of houses so I’m not really saving up for down
payments. Your situation is going to be different and
that’s a cool part about a system is it allows you to customize this based on your exact
situation here and now you see this channel is often about making the money, okay? We’re talking about earning income, making
money online, building online businesses, which is great, but we need to talk about
the other side of that coin, which is what you do with your money. And the first big key idea for you right now
is that every dollar needs a job for me. Every dollar has a job, okay? And your situation, you might not be there
yet. And that’s the first big idea. That’s the overarching philosophy that we’re
working with that you need to be moving towards. If you want to get a handle on your money
situation, give every dollar that comes into your world a specific job, you see money flows
to those who are most disciplined with money. Money literally flows out of the hands of
people who have no discipline into the hands of people who express and show and have great
discipline with money. Just like electricity will flow in one direction
because it’s a law of the world, I swear this is absolutely a law of the world and you’re
going to learn this system. So the first idea under this overarching theme
of every dollar needs a job is zero based budgeting. Now this is a budgeting system and what it
means is that all of your income adds up to a hundred percent, right? You make a hundred percent of your income
each and every month, then you can divert it into specific unique accounts that each
have a different purpose, right? These are the jobs. And then you should end up with zero at the
end of the month in the origination account. So if all the money you earn go into your
checking account at the end of that month, it should be placed into the specific different
accounts that all have their own job. Okay? And if you mess up or you need to move one
from one and move something over here, you have some flexibility within this, but it’s
all about building a structure. You need a system that you can follow. Now there’s a really cool online tool and
education portal. It’s called you need a budget, you need a It works with apps and it connects to your
bank accounts and it’s got a lot of information and training. So if you want some handholding and some guiding
to get going down this, they’ve got over a 30 day free trial. Um, and then you’ll also see, I think it’s
like $7 a month or something. This is something I did manually. Okay. There were no apps. We didn’t have smartphones during the years. I was putting this together. So I managed this all with separate checkbooks
and separate accounts and I had to wire things back and forth. Um, it’s easier today than it ever has been
to gain control of this. So let’s first and foremost talk about the
different financial goals you might have to help you understand the order of prioritizing
these goals. And then we’ll talk about a very specific
structure that you can use in order to implement this kind of a process for yourself. It’s all gonna make sense. Stick with me, give me a thumbs up if you
like these kinds of personal finance, finance, and kind of money management type videos. Leave me a comment if you’re like… “Yes, Miles! Do more of these.” So I can see that you like these and you want
more of these because this is a little bit of a test on my end, but it’s not just about
making money, it’s about keeping the money. And theoretically it’s about multiplying our
money and getting our money’s to go work for us so they can have a little money. Babies in our accounts full of monies grow
into more monies. We’ll get to that. But first it’s usually about paying off debt
and it’s usually about getting a handle and getting some control over your financial ecosystem. Okay? So we can prove ourselves that we are, um,
you know, deserve more money because we know how to manage the money we have and we have
to make this kind of proving process to the universe in order to get more coming in. Um, money loves discipline and money flows
to those who are most disciplines. So generally speaking, in a rough order, the
first step is to figure out what your budget is and increase your savings rate. Okay. So what generally is going to happen in the,
you need a budget system is going to help you with this process. But generally what is going to happen in your
world is you need to figure out where’s all of your money going. So there’s a tracking expenses process, which
is, that’s why this tool plugs in with the app. It’s really easy to use. And then there’s also the kind of figuring
out what percent you spend and what percent you actually can save. Now when I was working full time at a job
and I was growing my debt and bouncing checks left and right, the only way I was able to
save any sort of money is if I hid it from myself. I did this two ways and it wasn’t great. Number one was I literally pulled out $20
bills and each time I went to an ATM I got an extra 20 I slipped it in a specific little
kind of a notebook thing in my room. The other thing I did, I went to HR and I
increased and I had my HR increased the amount of money that went directly into a savings
account that I had no ATM card for. And I started with like 5% of my income and
by the time I left that job it was up to 40 plus percent. Because as we get used to living on less,
we find ways to get by living on less. The key is to put that extra that you’re creating
by living on less to work to do the right thing. So after we get the budget established and
we know what our savings rate is and we start to increase our savings rate, the next step
is to build up an emergency fund. So I’ve had car issues, I’ve blown motors
in more than one car. As I’ve rolled cars I’ve, I’m pretty hard
on cars. I was when I was younger. So there are these one thousand two thousand
three thousand dollars expenses that can creep up. And if you aren’t prepared to handle that
and it gets stuck on a credit card at 22% this creates a very significant treadmill
and it will absolutely drain you. So this is again exactly how discipline can
help you if you are disciplined enough to have six months of living expenses. That budget that we’re talking about, right? Your actual living expenses, six months of
that set aside in a separate account just there in case you blow a head gasket in case
your tiny belt snaps and you have to have a major repair repair done on your car in
case who knows what else goes on in your world, stuff happens, right? So having an account that’s there and ready
for that is a big key. This is going to help you stop growing debt
and be able to manage these things. Once you have that going right, that emergency
fund is up to about three months. At this point, your focus starts to go all
in on paying off debt. There’s two debt repayment methods that I
think you need to pay close attention to find the one that works for you. There’s the avalanche method and there’s the
snowball method. I’m going to explain them. They’re both covered in great deal on personal
finance blogs. They each have their benefits. The avalanche method is you write out each
and every one of your debts and you rank them based on the percentage rate. Okay, so credit card debt, that’s 20 something
percent is probably going to be higher than student loan debt. That’s 7% or 4% whatever it is for you. So you rank your debt in order of the highest
interest rate first and you go all in. You get absolutely obsessed with paying off
the highest rate debt first. That’s the avalanche method. The challenge here is that most people don’t
stick with this. The snowball approach is you rank all of your
debts based on which debt is the lowest, so you want to just find out what’s the lowest
number. So you might have $15,000 in student loan
debt. You might have 12,000 on a credit card and
you might have $2,500 on a car payment left and that’s all of your debts. So in the snowball method you would focus
on going after the lowest debt first. The reason you do this is because it often
will give you a little bit of momentum and momentum breeds momentum and when you make
that final payment on some loan that you’ve had for a long time sitting around and you
actually pay that off, you feel damn good about yourself. You start to feel those emotions of being
financially free. There’s one less bill for you to pay off. And then when you do, you take all the money
you were putting towards that loan plus everything else you were paying on the minimums of the
other loans that you focus that all in on the next one and the next one and the next
one. So snowball method, you start from the smallest
number and you work your way up the avalanche method, which is mathematically a better idea,
but physics, it’s more difficult to do. You go after the highest percentage rate first,
and then you work your way down to the lower and the lower and the lower percentage rates. All the while, all of your money is running
through the different accounts and that’s what you’re gonna learn next is this account
system because you have to be able to manage your rent, your food expenses, all of the
normal day to day budgets while you’re paying off this debt, right? We can’t not pay rent to pay off our debt. That’s not a good situation. That wouldn’t be a positive thing. Once you get the emergency thing and you’re
going all in on your debt, if your employer offers you a matching option for a retirement,
right? They say they will match you up to 5% of your
pay. It’s a really good idea to get up to that
match amount. Okay. The hundred percent match amount, it’s literally
free money. So they say they’ll give you 5% of what you
earn matched. You put in 5% they put in 5% you got a free
5% towards your retirement account. So that makes really, really good sense. Um, and then once you get these systems in
place and you’ve paid off your debt, at this point, it’s time to think about what are your
personal goals. Do you have kids? Do you want to pay for their college? You need to start a college account for them. Do you want to buy a house at some point in
time? Well, a 20% down payment, that’s a big hefty
chunk. It’s generally speaking, the largest check
that most people will ever write in their life. So you want a separate account for that. Okay. Do you want to do a year sabbatical and travel
the world? Well, you can save up for this in a specific
account, so that’s what we’re going to talk about now is an account system. It’s a series of multiple accounts and the
number of accounts is not all that important, although obviously everyone who teaches this
process thinks that their way is the right way. I’ve heard it explained as simply as two accounts. You need a wealth account and a charity account
and you need to give every time you earn income, money needs to go first into your wealth account
and then into your charity account and then you live off of what’s left. This is the theory that was popularized from
the book of the richest man in Babylon that says, pay yourself first. Remember how I mentioned I went to HR and
I had them divert money out of my paycheck that I never even saw that went into this
other account. Then my bank account only increased with my
direct deposits by whatever was left over and I was able to live on that. So I increased the amount I saved and my amount
I lived on when smaller and I was still able to live on that and I kept working this system
and it kind of forced me to be a little bit more frugal. Cause when I went to my bank account and says,
you’ve got a $180 left, and that’s all I had. But my other account was growing month over
month and all of a sudden I had $10,000 saved. I’d never had 10,000 before. That was a big moment for me when I kind of
crossed that threshold and it proved to me, and I know the same is true for you because
if you were to ask me before I started my miles, can you live on 80% of what you earn? Nope. Nope, nope. I see it all. I use it every time. I’m just out of money at the end of the month. The surprising thing is when I started sticking
20% away, I still spent every dollar that was left in my checking account, even though
it was a lower number. I didn’t actually notice in the end. So there’s a six account set up. And what’s cool is on a lot of banks today,
um, whether it’s like ally account or a lot of the inter like online banking, even like
a wells Fargo or a bank of America, you can often open these other savings accounts and
money market accounts and you can manage them through one interface. So the money comes into your checking account
and then every time you get paid you go in and you do your little transfers based on
the percentages. So I’m going to run through the six different
accounts right now and their names and then we’ll talk about the different percentages
that they expect that they recommend you allocate for each account. And then from there we’ll talk about what
the uses are for each of these accounts and why they’re all important in this framework. So number one is your necessities. Gotta have money to live. Nobody’s gonna argue with that. Number two is your longterm spending. Number three is your play account. Number four is education. Number five is financial freedom, and number
six is your charity account. Okay, one more time from the top necessities,
longterm spending, play, education, financial freedom and charity. Everyone who teaches wealth comes back to
the idea that giving somehow magically, and you’ve heard me talk about it, the law of
attraction and the law of reciprocation, but that giving account is not the one to skip
on. I give to many different charities and I’m
looking and researching and many more. That’s kind of a fun part of life as it grows
and I don’t know how it works, but I do know that it works. The more we give in this world, the more we
are blessed in this world. It just works. So necessities, they recommend 55% of your
income is their target. They believe you should be able to live off
of 55% of your income. So if you currently aren’t able to do that,
and again, you need to budget your stuff first, then there’s two ways for you to manipulate
that math, right? You earn more or you spend less. My recommendation is do both. If you’re making 1250 an hour at a call center
right now, you might be able to go find another job where you can get $15 an hour at a call
center doing the same exact hourly work. You might be able to increase by jumping around. You might be able to talk to your boss about
what kind of professional training you could go through to become more valuable to get
a raise. But generally speaking in the corporate world,
you’re going to get better raises by jumping ship and going to another company, then you
will by staying in the same company. There’s a lot of data on that. The average raise within a company is like
three to 5%, um, upwards of a 20% raise by jumping ship to another company. So there’s ways to build more. And if you know of my channel before you probably
trying to build a side hustle and try to build something nights and weekends as well. There’s also, if you work Monday through Friday,
you’ve got your weekends, you could get a second job. It is technically possible to increase the
amount you’re earning. Then the spending frugality comes in, right? And again, we’re going to go back to discipline. Spending money you don’t have is not disciplined. Okay? Buying a pair of shoes, buying a handbag,
buying something or going out for an expensive night at a bar or at a restaurant on credit
card is essentially stealing from your fruit future self. And that is not a living expense. Eating out is not a living expense. Eating out as a luxury, eating out as a pleasure,
eating out as playing to get sustenance and nutrients you eat in that. That is the way. And my wife and I still cook it. We make 95 plus percent of our meals here
at the house and there is an account for those. Eat Out Times. So necessities, you gotta learn how to live
on less and you got to learn how to earn more, right? The, the lower you can get your necessities
percentage to the better you are because that means you have more money to pay off your
debt to fill up your wealth accounts, et cetera. Number two, longterm spending. So this is 10% of your income necessities
with 55% longterm spending is 10% so this is for in the first step, this is for paying
off your debt, okay? This is for getting all the debt and getting
your um, emergency fund built up. But then once those things are done, this
is where you start to build up for potentially like big vacations where you can kind of get,
um, for big purchases for new cars or I would say new to you cars, right? Not, not necessarily buying a lease or buying
a brand new car, but maybe a three, five year old car that’s already depreciated. Having the account for that to come out of
so you don’t end up taking a 5% 7% loan that will just jack up a bunch of interest over
the course of the next five to 10 years. That’s how the banks win and you lose. This is why discipline people are better off
financially is because they don’t have to go into debt for these things. Not all debt is bad, but generally speaking,
consumer debt is 100% needed to be avoided then 10% in your play account. Now it’s important to have a play account
because we need to have those moments of fun, right? You might want to go out to dinner once a
week with your spouse and have some youtube time. Well that’s why there’s a play account, but
it’s 10% so that account is going to have a number in it. And when you look at it, it’s like, wow, we
got $42 great, let’s go out. Well how much can we eat? Well, can we get that bottle of wine? Probably not. Cause that would put the bill over $42 and
that’s what we got. This is discipline in action. So you want to have a play account so you’re
disciplined in the fact that you’re supporting yourself. And if you love shopping or if you love eating
out, you can still enjoy these experiences without having that negative feeling of like,
Oh man, I shouldn’t, you know, buyers are Morris, right? I shouldn’t have spent that much on that. Oh God, what am I done? Did I just bounce that? Or who am I going to have troubles pay my
car? Oh Man, am I going to hit my credit card payment? Right? There’s all these emotions around it that
are not positive in the world as the law of attraction education account. They think you should have 10% in your education
account. You should always be improving your skills. You should always be improving your value
to the marketplace. How do you do that? Through courses, through study, through Community
College, through coaching, through mentorship. There’s a lot of ways that can go, um, financial
freedom account. So these are your retirement accounts. These are that, that when we were talking
about the percent matched, um, these are also potentially real estate investing. This is buying longterm assets that you never
sell unless you’re just flipping it into another assets. Um, that’s one the main keys and then 5% to
give. So again, it’s 55% for necessities, 10% for
longterm spendings, 10% for play, 10% for education, 10% for financial freedom and 5%
giving to charity. Get, again, a totally different framework
also has a charity component in it. If you want a guide to walk you through all
of this, there’s a book called your money, the missing manual by JD Roth. It’s not a, it’s not an enthralling story
based book. It’s not all that memorable. It’s a fricking handbook is what they should
have taught us all in high school, in junior high school, got at least in university. Right? Um, but it’s, it’s what we all should know
about, um, how to manage your money because when you are better at managing your money
and when you’re disciplined with your money, you will accrue more of it and then you’ll
be able to deploy it for more valuable potential things, whether it’s real estate investing,
maybe you end up buying a triplex as your first home and you rent out two of the units
and you live in one and that generates extra cashflow based on just flat out where you
live. There’s a lot of ways that money can multiply
itself, but we generally need to have disciplined to build the seed and to eliminate the debt
that drags most people down in order to get that little seed that we’d go grow into our
little money. Treat. Um, other resources for you, a on Reddit,
there’s a personal finance subreddit. If you enjoy Reddit, I highly recommend taking
a look in there. The answers are quite simple. They have a big Wiki, a Wikipedia kind of
in that subreddit that walks through all of the best books and the best ideas. There’s a lot of personal finance bloggers
out there teaching this stuff. The you need a budget system. You just having a system to plug into makes
it well worth it. They do daily Webinars of education. Um, lot of good information on the you need
a budget and it plugs right in for seven bucks a month. It could be one of the best investments of
your life. It’ll help you really pay things off. Um, search the snowball approach or the avalanche
approach if you have a lot of debt to be able to get out of debt. And then the um, your money, the missing manual
by JD Roth, I’m going to call it, let me know if you like these kinds of personal finance
or these kinds of money management, wealth management, wealth creation type videos. I’m happy to share what I know, this path
of running all of my income in through a series of accounts. Sticking with that for several years. Got me to the point where I was making $4,000
a month payments on my student loans at the end and when that one got paid off and I was
making 4,000 on one, I put $8,000 on both student loans. In the last month. In about six months, I paid off something
to the tune of $38,000 in student loans. Why? Because it got fricking obsessed with it because
I was so disgusted with dragging it around and I had a system and I knew that I was able
to live on an extremely small amount of my income and I generated this excess and I just
worked reworked these percentages to where 80% of my excess went into paying off all
of this frigging debt that I was dead tired of dragging around because it was heavy and
I can tell you something, honestly, the day I paid off those debts, my world changed. Okay? The weight, that’s those Brazos, right? These shoulders, there was a weight lifted
from these shoulders and I started to make different decisions. I started to look farther out in my time horizon. I started to think about things like wealth
and I encourage you to race towards that debt repayment moment and hesitate at all costs
collecting more debt, especially when it’s not required. Okay. There’s an argument to be made for certain
types of debt and multifamily real estate that cash flows. I get it in that situation, obviously we can
have that discussion later, but buying a car, buying something like debt is the enemy. We live in a debt enslaved nation and it’s
done on purpose because that’s how the systems and the machines and the big time CEOs make
all of their money and if you’re not disciplined it will flow from you straight to them in
the form of interest payments. But when you become disciplined, you can create
a new financial world for yourself that supports you in having play money and being able to
make big purchases and being able to take big vacations because it’s all based on this
zero based budgeting system. You plan it in advance. When that play account gets to 150 bucks,
you go out and have a good old time, dinner, drinks, buy yourself something great, you
did it. Now let’s load those accounts back up because
you know, all the meanwhile you’re building your wealth account, you’re building your
charitable account, you’re paying off all of your debt, you’re building your emergence
fund. All those things are taking place. And when you have a system that rewards you
on every level like this, it has a high likelihood of working. Figure out which debt repayment approach is
better for you, the avalanche or the snowball, I’m a call it. I’ve kind of repeated myself. I appreciate if you made it to the end. Hashtag Badass to you. I know you can do this. I want to help in any way I can. So you have, if you have questions about personal
finance or any of this, uh, get at me in the comments below and I will see you on the next
video until then, be well cheers.

49 thoughts on “Financial Freedom Short-Cut! How To Pay Off Debt FAST And Build True Wealth

  • Personal finance is so important, sometimes people think they don't need to know about it and people hesitate to talk about it too. Great that you made a video on this.

  • Miles, I've been part time scouting the world wide web for a couple of years now about all things e-commerce and network affiliate marketing. I nearly got into the guru trap you mentioned in one of the first videos I watched of yours – but after some consideration decided there HAD to be a way to do it for free. I have to say you have really opened the floodgates for me. I worked in IT for several years, and I'm that person that everyone comes to for help. I'm finally at the point where I'm taking action, laying the ground work and aggressively crash coursing myself in the more technical end of things – thanks to you! I've shared your name and channel with my dad and some friends/family so they may get interested in a side gig. I look forward to creating content, making my blog available to the world, and watching more of your informative vids!

  • Miles great video… so many people need to learn this information… awesome of you to put it out there!

  • I love it dude!!! Keep it coming. People may not understand how important this is. It doesn't matter how much money you make, the important thing is how much you can keep!

  • You should check out What Would the Rockefellers do. I think that is the name of the book. It's good and it's about investing in yourself. But, it shows what the Rockefellers did and the Vanderbilt didn't. Rockefellers still seeing income, Vaderbilts are broke!

  • See this is why I'm subbed to you, you speak about things much deeper than the "gurus" and handle topics with logic and authenticity! It's a shame that more people put false value in their content. this, as a 22 y.o broke Pre-entrepreneur (until I make a certain amount I don't consider myself true entrepreneur), is something I can use today and see it take effect. Thank you!

  • Got a good laugh out of yesterday's "Funnelboy" and "LamboBoy" – might be an opportunity to make some t-shirts making fun of em πŸ˜€

  • This is great, keep up the content ! I have massive debt I need to clear and the snowball/avalanche method seems to be my best bet, thanks Miles πŸ’ͺ🏾

  • This is the kind of stuff that nobody really talks about with their family and friends.

    And even if they do it's with people who don't know what they're talking about.

    To hear what's going on behind the scenes from someone who is living the dream is very helpful.

    The way you think is what got you there and keeps you there.

    I enjoy hearing your thoughts.

    Keep it up. I'm listening and doing.

  • It is good to expand beyond what you are doing. Great sharing. Thank you so much Miles!

    At the end of the day, save up, invest wisely and grow the wealth! Have Fun!

  • Miles, this is friggin' GOLD!!! Thank you for laying this out in the exact way you did. I've learned other systems to financial freedom and getting out of debt but for me they didn't account for every area of my life. This one seems to! I'm about to share this with my wife and put it into action!!

  • Thumbs up! I'm currently listening to Prosperity Consciousness based upon your recommendation in a recent video. So this all resonates with me and has my current focus. Thank you Miles

  • LOVE these videos! Super helpful!

    Reading a disciplines book right now, after this am's reading it spawned the thought about the amount of money in the world has a cap.

    There is only x trillion, million, dollars in the earth or whatever the number is

    That money just spreads around, it doesn't grow, if it does it is likely very minimal

    So in order to be able to steward more, the discipline of stewarding has to be embodied

    Super timely and helpful system to start improving in the stewarding steps!


  • Miles, thank you so much for all of the fantastic content you provide. You have been, and continue to be an invaluable resource for me. ✌🏼🌞

  • Thank you so much for making this video Miles. Yes more of these kind of videos please.

    I have so much crap sitting around that I am going through right now to sell.

    I have a mavic pro drone that i put on my credit card a few years ago that I have a very hard time letting go of…. I have only used it a few times on an Ice Land trip (which I paid on credit card) and another trip (that I again paid on credit)….

    It is so crazy because when I started working at the age of 13 years old and I had so much money saved no debt car paid in cash, mutual funds, stocks, retirement savings plan, tax free savings account… probably positive 50 grand in assets by the time I was in grade 12…

    Once I left high school and went into college everything changed…and now I am in 70 grand in debt and can't even pay my credit cards….car payment and struggling to pay rent.

    I knew what to do with money I read all the books rich dad poor dad when I was in high school… But knowing and doing are a lot different…. It comes down having a plan and discipline.

  • Great content Miles, the finance aspect is definitely MUST!
    Would love to see more videos about how-to invest.
    There are so many internet platforms that allow invest money in companies, real estate and etc…
    I'm interesting what is your opinion on the subject.

    Thanks a lot!

  • I'm going through a debt problem as we speak,i'm currently reading Born Rich by Bob Proctor and this topic you discus in this vid is the topic i'm reading in his book.
    Making accounts and list,outline my savings and expenditures etc,…i just finished this chapter,then i turn on YouTube and this video comes op as the first video in my recommendations,talking about exactly the same's like the universe is trying to guide me to you.
    I feel the law of attraction is at work here…..gonna binge watch your vids now,i already know i'm gonna learn a lot,Thanks!!!

  • Be a creator, not a consumer. Pass the marshmallow test – hold off short term pleasure for long term benefits. Pay yourself first – invest on autopilot – bypassing your grubby little hands! Take the free money employer match! Buy/build. assets not liabilities. Look for a better job while you're still employed, not after you get laid off and you're desperate! Celebrate your wins and give back! πŸ™‚

  • Once again a great video, thank you Miles. Personal finance is super important, as an employee and as an entrepreneur.
    One topic that would be interesting to cover is how much you should reinvest in your company, once you go full time as an entrepreneur. As much as possible, but there are the taxes and the cost of living πŸ™‚ Nevertheless it would be interesting to have your opinion 20%, 30%?

  • So much content. This video sounds familiar.
    I'm a bit lost and need The absolute Starting Point to begin making money online. Where do i begin?

  • Part of my daily routine is to watch one of your videos and drink a coffee, thanks for this information always very helpfull , keep up the good work thx πŸ˜‰

  • Miles, I am following your advice and your steps. I have already got my thrive themes account, my WordPress account and I chose bluehost for hosting. I am not very good at computer work and I am struggling mightily! I have tons of information I want to get out there and I am having trouble with the building of my site on thrive. They go so fast in the tutorials I can't keep up and I get frustrated. Any help you know of? Where do I turn to get help with the building of my site?

  • I like your videos, but I do have a question about one thing you say. I often hear that one shouldn't be a "me-too" business model because there is nothing to differentiate you. I take it that by differentiation, you mean in some way 'originality.' Here's the thing, when one goes to a mall, one sees Macy's & Dillard's in the same mall, selling the same things with more or less the same prices, and both are multi-million dollar businesses. The same goes for gas stations across the street from one another, Home Depot, Menard's & Lowe's across from one another, or Fred's, Dollar General, and Family Dollar all within walking distance of one another. If differentiation is the goose with the golden eggs, how are all of these companies successful even though they seem to make it their business to violate this oft-repeated internet marketing rule? For that matter, if you teach anything about marketing, aren't you more or less saying 'don't differentiate, but follow my lead'? Lastly, isn't all education, including education on marketing and business, only possible if we are being taught to do the handful of methods that work (instead of re-inventing the wheel), which is completely contradictory to differentiation? I am asking this same question to many who make similar 'non-differentiated' videos on market research and internet business. That was a joke. I'm actually not a smart-aleck, just want to know how you guys would answer that question.

  • Great video as always! Luckily I don't have too much debt, but almost every profit I earn at the moment is used for paying that off. The faster I'm debt free, the faster I can use my profit to invest. One small piece of advice though: don't dress yourself in that t-shirt for your next video. It looked like a enthusiastic head floating above some TV-static πŸ™‚

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