🚀 How I Made Six Figures in One Month: A Step-by-Step Guide to Financial Freedom
Are you tired of living paycheck to paycheck? Do you dream of financial freedom but don't know where to start? Look no further, because in this article, I'm going to share with you exactly how I made six figures in one month and how you can do the same.
📚 Acquiring the Correct Knowledge
The first step to making your first $1,000 per month is acquiring the correct knowledge. Without knowledge, it's impossible to become successful at anything because you have no clue what to do. In 2020, I got laid off from my job due to COVID-19, which made me realize that job security doesn't exist. The only way to ensure financial stability is by creating a business. But the problem was, I had no clue how to start a business. I was 17 years old, making minimum wage my whole life. I was told to go to college, then get a job, but that couldn't be any further from the truth. Most jobs are just modern-day slavery that you can be fired from at any time. Slaves used to work all day in exchange for food and a house, and now 80% of Americans live paycheck to paycheck, spending all their money on food and a house. Nothing has changed; the government just rebranded it so you don't revolt against them.
There's a reason school doesn't teach you how to do your taxes, budget your money, or start a business. It's because they want you to be a good employee, not a boss. You were programmed to be a 9-to-5 slave since a child, and now that you're reading this article, I hope you realize that you can break free. But you need the knowledge to break free. So do what I did: start reading loads of business books like Rich Dad Poor Dad, Think and Grow Rich, The 4-Hour Work Week, and The Richest Man in Babylon. These are the first four business books I ever read, and they truly changed my life. I guarantee I would not be where I am today without getting my kickstart of knowledge from those books. Then, once you read those, go down a rabbit hole in business YouTube, learning from people like me, Luke Belmar, Seb Vlad, Jordan Humphrey, and a few other G's in the space. You need a foundation before starting, and watching those videos and reading the books I talked about will help create that foundation. You will literally think differently after indulging in this content, and that is the goal. You need to break free from your poor mindset.
🏃♂️ Taking Action
The second step to making your first $1,000 per month is taking action and stop doing poor people's things. Most of you spend all your free time watching Netflix, scrolling through social media, and beating your meat for a quick dopamine run. That is Haram and will result in you staying poor forever. You can read all the books and watch all the finance videos on Earth, but if you don't take action with that knowledge, it was useless to obtain.
So here's a to-do list to keep you from being a lazy slave after you read this article:
1. Read the four books I mentioned and other similar books over time.
2. Watch YouTube videos from the creators I mentioned.
3. Start trying multiple side hustles based on the knowledge you acquired and learn more about them daily via videos and courses.
4. After one to three months, choose the side hustle you like the best and work on making it a profitable business every day.
5. Continue learning throughout the process. Read new books, watch new videos, go to master classes, etc.
That combination of consistent daily effort while increasing your knowledge will result in you reaching the $1,000 per month milestone very quickly. It is literally impossible for you to fail if you get smarter and work harder every day. This book teaches you that very well.
📈 Scaling Up
Now that you've made $1,000 in a month, it's time to scale up. The biggest difference between making $1,000 per month and $5,000 is your workload. If you're a freelancer who needs two clients to make $1,000 per month, that means you need to scale to 10 clients. If you're a YouTuber making one video per month, that means you need to scale to five videos. If you're a designer, that means you need to make more designs.
There was very little difference in my knowledge when scaling from $1,000 to $5,000. Nearly all came down to working harder. Now, of course, it can happen the knowledgeable way where you figure something out that allows you to get more sales or more views or upsell your current clients. But in my experience and from talking to other entrepreneurs, the main difference between them making $1,000 and $5,000 was the amount of time they spent working. So if you're struggling to scale up from $1,000 per month, it's most likely due to a lack of effort. Start working harder for longer hours.
To scale from $5,000 to $20,000 per month, you need to transform your business or side hustle into a brand. This allows you to charge more for your products or services because your status goes up, and you look more trustworthy. If you don't have a brand statement, brand color, nice logo, and a sense of prestige, you need to create one now. Like if we take my YouTube channel, for example, I didn't start growing until I branded myself. I would wear random clothes, have inconsistent thumbnails and colors, talk about a million different topics, and overall didn't portray great status. But now, I only wear suits so people associate me with wealth. I started using a green branded color for my thumbnails, website, Ski Academy, etc., and my videos have niched down to e-commerce and personal finance. These changes allowed me to grow from 20,000 to 140,000 subscribers in a year and make over $100,000 in AdSense so far. Also, shoutout to Mustafa for helping me brand my channel. Much love, brother.
The second thing needed to scale to $20,000 per month is what I call taking the leap. A lot of business owners run their business at night after their job, and although I always recommend you start by doing that for safety reasons, at a point, your business will not be able to grow because you can't put in the extra time needed to scale. You need to take the leap, aka quit your job, so you can go all-in on your business and scale up to $20,000, then $100,000, then $1 million. I know it's scary to leave your job because it feels safe, but in reality, it's not safe. Like I learned the hard way, and if you ever want to be truly financially free, you need to go all-in on your business. To do that, if you're working a job and your business has been stagnant for a few months, it's time to take the leap. Everything you've ever wanted is sitting on the other side of fear.
Now that you've made $20,000 in a month, it's time to scale to $50,000 per month. This is where I personally got stuck for a little bit because I was stubborn and thought I was the best at everything and needed to do everything, which was very, very wrong. No CEO does everything. You think Jeff Bezos drops off the Amazon packages to your doors or Elon Musk builds all the Teslas by hand? Hell no. They outsource everything that they can, and that's the key to running a successful business.
For the longest time, I thought I needed to do everything for my pride and because no one could do it better. This is a very common roadblock entrepreneurs run into because they feel if they outsource tasks, their customers will get worse service, and their business will lose money. When in reality, outsourcing does the complete opposite. If you, as the CEO, do seven jobs, there is no way you can do all seven at the highest quality possible. But if you hire one person to do each one of those jobs, your employees only have to focus on one thing that they excel at, which will improve every section of your business and make you more money. Good employees will truly change your life as a business owner.
To scale from $50,000 to $100,000+ per month, you need to acquire very specific advanced knowledge. This is the level I'm currently at. What I did to acquire the specific knowledge was read very niche-down books and join courses that cost thousands of dollars each. My next step to acquire even more of this knowledge is to reach out to mentors who have done what I want to do and pay them to teach me their way. Although I am deemed extremely successful in society, I am far from where I want to be in life, and the only way to continue leveling up is by being teachable. You can learn something from anyone on Earth, so stay humble, ask questions when you need to, pray to God for good health so you can keep grinding consistently, and eventually, you will achieve what you were meant to achieve. I believe in you because I once was you.
🎉 Highlights
- Acquiring the correct knowledge is the first step to financial freedom.
- Taking action is the second step to financial freedom.
- Scaling up requires transforming your business into a brand and outsourcing tasks.
- Acquiring advanced knowledge is necessary to scale to $100,000+ per month.
❓ FAQ
Q: How long does it take to make $1,000 per month?
A: It depends on how much effort you put in and how quickly you acquire the correct knowledge. It could take anywhere from a few weeks to a few months.
Q: Is it safe to quit my job and start a business?
A: It's never completely safe, but if you have a solid plan and are willing to put in the work, it can be worth the risk.
Q: Do I need to have a lot of money to start a business?
A: No, you can start a business with very little money. It just takes creativity and hard work.
Q: How do I know if my business idea is good?
A: Research your market and see if there is a demand for your product or service. Talk to potential customers and get their feedback.
🌐 Resources
- Rich Dad Poor Dad by Robert Kiyosaki
- Think and Grow Rich by Napoleon Hill
- The 4-Hour Work Week by Timothy Ferriss
- The Richest Man in Babylon by George S. Clason
- Ski Academy (coming soon)
