How I Built 7 Income Sources That Make $400,000+ Per Month

0:00Propel Fitness Water With Gatorade Electrolites, Zero Sugar, and Vitamins, Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolites. When you need to build up your team to handle the growing chaos at work, use Indeed Sponsor Jobs. It gives your job post the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at Indeed.com slash podcast. That's Indeed.com slash podcast, terms and conditions apply. Need a hiring hero? This is a job for Indeed Sponsor Jobs. Visible puts unlimited 5G data and hotspot in the palm of your hand, powered by Verizon's 5G network, with no contract holding you back. And for a limited time, you can get visible for just $19 a month for 12 months when you use promo code Save Six.

1:01All the features of Big Wireless Service for half the cost. Tap the banner to switch today. Terms apply, standard rate applies at month 13. See visible.com for plan features and network management details. It took me 10 years to learn this, but I'll teach it to you in under 30 minutes. To become rich, you need multiple income streams. I have seven which generate me over $100,000 per week. So today, I thought I'd walk you through each income stream, explain how I got started and rate them on a scale of one to five. This video is gonna create future millionaires because after watching it, you'll have all the information you need to build multiple income streams and escape the traditional nine to five life. First is my retail stores, where I sell remote control planes, helicopters, cars and more. Many young people believe the only way to start their own stores by launching an online one. Now, I can see why people might think this because they're a lower startup cost, a global customer base and you have the flexibility to run the business from anywhere you like. But just because online stores are easier to start,

2:03it doesn't mean that physical stores are outdated or unachievable. I mean, just look at the amount of physical locations the sidemen are opening up from fried chicken shops to clothing stores. But Mark, starting a retail store requires a lot of money. You're basically saying to become rich, you already have to be rich, disliked and unsuscribed. I understand it might seem that way, but when I started my store, I had hardly any money. I'd recently resigned from my job and dropped out of school with no qualifications to fall back on. So I simply had to make it work. I'm not gonna sit here and tell you it was easy for me because it really wasn't. I remember on the opening day of my first model shop, I put a sleeping bag in the back of the van because it hasn't made enough money on the day. I couldn't even afford to fill my car with fuel to get home. So how did I manage to start a shop with barely no money to my name? Well, I got funding, which is something you can do too. I know it sounds a bit complicated, but I took three simple steps. Step one is to write a business plan.

3:03I identified the perfect location for a shop. How I was gonna attract customers, how much money I needed, how I was gonna allocate that money, and finally, how much money I thought I could make. Back in the day, this was about as far as I could go without professional help, but now you can go one step further and find a free business plan template online to make your plan look as professional as possible. Step two is to do some customer research. You have to find a cheap way to test out if your business will actually work. So many people come up with a business plan and get so carried away with it that they don't actually ever consider going out and asking their potential customers what they think. This step is all about going out into the real world and gathering actual data. Trust me, doing this will save you so much money and potential headaches. You may even find you need to adapt your plan. I did this without even knowing it as I worked in someone else's model shop on the weekend. This allowed me to talk to customers and find issues within the business that I could fix in mind.

4:05You can also walk around with a clipboard asking people's opinions, like they probably force you to do on school trips. But if you can get a part-time job in a similar business, then it can prove to be the best customer research opportunity ever. Step three is to get funding. I got my initial money in the form of a bank loan. It was very hard to secure, but I eventually got it by knocking on enough bank managers' doors until someone believed in me. Nowadays, there are so many alternative funding options available such as crowdfunding. If you have a solid business idea, you can use platforms like Kickstarter to raise money by pitching your concept directly to potential customers. Right, time to rank this income stream out of five stars in my three core categories. Firstly, how much time does managing a retail store take? I'm gonna give this a two out of five stars because I'm not gonna lie. It takes a lot of your time at a start. However, with that being said, as time goes by, you're gonna fall to take a step back, especially when you start scaling it by hiring staff and implementing systems that can run while you're not there.

5:08Now I've probably spent less than a couple of hours a week actually in this store. Secondly, how much money do you need? I'm gonna rate this four out of five stars because although the initial stage of, ah, how do I get the money is tricky to overcome, you don't have to do it all alone. And there are so many investors, loans and crowdfunding methods that can get you there, especially if they see the potential in your business. Thirdly, how easy is it to make $100 per week? You know what? For this one, I'm gonna say five out of five stars. If you're really passionate about what you're selling and you know the ins and outs of the niche, then you'll sell. To be a top seller, you have to make the customer buy into not just the products but into you. Second is my own brand and product range, which I manufacture in China and distribute all over the world. When I was younger, the idea of seeing my own products on the shelves of other shops seemed just like a dream. I would sit in school staring at my drawings of model aeroplane designs, thinking, how can I make this happen? I always thought you had to have millions of dollars, niche connections or a huge team behind you

6:09to make it a reality. I was wrong. Little did I know years later, I'll be sat clutching onto my designs, I drew as a kid on a plane headed to China. So how did I go from a kid with a dream on a piece of paper to a successful brand owner? Well, I took three key steps that you can replicate to get started with your own brand. Step one is picking a niche. Back in my day, model aeroplanes were all the rage. If people weren't watching the latest competitions or going crazy for new designs, they were busy collecting kits and accessories to customize their own. It had what's known now as a cult following. You need to identify a popular niche with last in a pill, not just a fleeting fad. I'd personally start by following Instagram pages and joining in on the conversations. You need to know what the people in this niche are passionate about. Also try to understand their challenges to use to your advantage. Step two, keep an eye on trends. Take a brand like represent, for example. I mean, it just got so popular at a nowhere and ended up on everyone's Christmas list.

7:11They recognize the growing trend for oversized clothing. Propel Fitness Water. With Gatorade Electrolates, Zero Sugar, and Vitamins, propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolates. When you need to build up your team to handle the growing chaos at work, use indeed sponsor jobs. It gives your job posts the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at andd.com slash podcast. That's indeed.com slash podcast, terms and conditions apply. Need a hiring hero? This is a job for indeed sponsor jobs. Visible puts unlimited 5G data and hotspot in the palm of your hand. Powered by Verizon's 5G network with no contract holding you back. And for a limited time, you can get visible for just $19 a month for 12 months

8:13when you use promo code Save6. All the features of Big Wireless Service for half the cost. Tap the banner to switch today. Terms apply, standard rate applies at month 13. See visible.com for plan features and network management details. Within the fashion industry and quickly capitalized on it with that oversized hoodies and tracksuits sets, this is where they really made a name for themselves. It's interesting because if you look at them now, they're moving more towards fitness gear with their 24-7 range because they're following new and rising trends. Here in the UK, fitness has become so popular with 74% of people owning fitness products. I mean, even the nightclubs are shutting because young people aren't drinking as much. It's clear that Representer spotted this trend and created a new clothing range to meet the demand. You should aim to do the same in your chosen niche. Step three is creating a culture. If you can build a real community around your products, that is the secret source. It's not just about selling stuff anymore. People feel like they want to be part of something bigger.

9:13This way your brand sticks around because customers are all in, not just for what you're selling, but for the whole vibe. My son Curtis recently participated in the Super 10K Spartan race, which was filled with obstacles like monkey bars, rope climbs and even swimming through icy water. It's become more than just a race. It's now become a movement where people go to test their limits and meet light-minded individuals. They've built a genuine community with around 1.5 million people participating last year. There's even been a wedding ceremony on the start line with a whole wedding party completing the course. So maybe have a think about how you can do this too in your own niche, now onto the rankings. Firstly, how much time does creating your own brand take? I'd say a two hour five for this one because you're gonna have to put in the work. You all have to post online consistently to build the audience, keep up to date with research and also keep up to date with trends so you can ride with them instead of drowning in them. Secondly, how much money do you need?

10:14I'd give this one a three out of five because you do need some initial capital, but once they'll start rolling in, growth can happen quickly and you can then reinvest that money to fuel further expansion. Thirdly, how easy is it to make $100 per week? I'd rate this four out of five stars if you've completed steps one and two and five out of five if you've achieved all three. Once you've built hype and people are talking about your brand on social media, there's no region you can't easily make $100 per week. Third is my eBay store, where I buy stock from failing shops and sell it online, not to toot my own horn but I made quite a name for myself in the model industry and people started asking me to help them with their failing businesses. With all my experience and knowledge, I thought to myself, why not? Before I knew it, it became a side hustle. I remember the first time I visited a struggling store and offered them a lump sum in exchange for their stock. I then listed the items on eBay in my spare time and I was completely shocked by the results. I managed to triple my money so I just kept going and bought lots more failing businesses.

11:16Before long, I ended up with this warehouse full of gear behind me. Now my team just listed these items on eBay for me. It's become a huge part of my business and I never imagined my little side hustle could transform into something as big as this. I know what you're thinking, but Mark, I don't have enough money to just buy failing businesses. How can I do this too? Well, here's my best advice for getting started with eBay. Step one is to identify businesses run by older people. The world has changed a lot and the traditional methods aren't as effective anymore. That's just how the world is. It just keeps on changing and you've got to change with it if you want to stay on top. Unfortunately, some older business owners are just left in the dust. This is where you come in. Step two is to approach these older owners and ask if you can try and offload the stock they can't sell. Then list and sell it on eBay in exchange for a commission. This way, they get rid of their desk stock and you can earn some extra cash. It's a win win. Over time, you'll be able to build up profits and this is where the game changes.

12:17Step three is to use your profits to start buying directly from your own supplier. This is a huge turning point because you'll be in control of the products you offer, the pricing and the customer experience. This gives you far more flexibility for profits and enables you to build up a strong reputation as a seller. This is crucial for scaling this side hustle into a real business. Okay, once again, it's time to rank it in my categories. Firstly, how much time does running an eBay shop take? Well, I'll say this is a three out of five. If not a four because you don't need to come up with any of the products or designs, you're simply selling someone else's stock. If you've got things running smoothly, then there's no reason why you can't be selling in your sleep. Secondly, how much money do you need? I'm gonna rate this a five out of five because you can actually get started with zero dollars, especially if you're selling stuff for a commission like I recommended. It's really accessible and a great way to get stuck into business and learn on the go. Thirdly, how easy is it to make $100 per week?

13:20I'm gonna rate this a five out of five because all you have to do is sell 50 items with a $2 profit on each and boom, you've made an extra $100 that week. Fourth is a stop market where I invest my money and let it grow over time. I'm no financial advisor, but in my humble opinion, this is something everyone should be doing because without investing, your money's losing value due to inflation. Over the last 60 years, this average is out to be a loss of 3.8% per year. So if your money isn't growing by more than this on its own, then you get in poorer by the second. In a perfect world, you'd have a savings account that provides an average return of eight to 10% every year so that you can both be inflation and earn some profit. Unfortunately, such savings accounts don't exist. However, you can achieve returns like this by investing in the stop market. A stock is a small part of a company and when you buy it, you become a shareholder. When you're a shareholder, there are two ways you can make money. The first way is if the price of the stop goes up during the time you own it,

14:21then you can sell it for more than you paid. The second way is receiving dividends. Dividends are regular payments to share. Propel Fitness Water. With Gatorade Electrolites, Zero Sugar, and Vitamins, Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolites. When you need to build up your team to handle the growing chaos at work, use indeed sponsor jobs. It gives your job posts the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at ND.com slash podcast. That's ND.com slash podcast, terms and conditions apply. Need a hiring hero? This is a job for indeed sponsor jobs. Visible puts unlimited 5G data and hotspot in the palm of your hand. Powered by Verizon's 5G network with no contract holding you back.

15:22And for a limited time, you can get visible for just $19 a month for 12 months when you use promo code Save6. All the features of big wireless service, for half the cost. Tap the banner to switch today. Terms apply, standard rate applies at month 13. See visible.com for plan features and network management details. Aholders. Now, not all stocks pay dividends, but if they do, this means you can receive money without ever selling your stock. You can start investing from your phone. My son has actually been investing five pound a day for over a year now on the Trading 2.2 app. Instead of buying a morning Starbucks coffee, it's a bit of an experiment. And as you can see, that small investment is now worth 1,783 pounds, which is a profit of 276 pounds or $359 for all my American subscribers. That's a return of over 18%. Of course, past results are no guarantee a future returns, but that's not bad for a little experiment to set something like this up.

16:23All you have to do is select pies and then click the plus button. Now you can select whatever stocks you want to include in your pie. For this demonstration, let's just pick the same investments my son. This S&P 500 index fund. Now, let's tap add to pie and then the arrow button, right. Tap next and then auto invest. This value projection is really awesome as it shows you how much money you could make based on historical averages. Of course, when you invest, you can get back less than you invested as investments can rise and fall, but it's still a great way to get an idea of how much you could make based on data backed projections. I mean, say we invested 250 pounds per month for 31 years. This says that you'll have only invested 94,250 pounds and your portfolio could be worth 2.19 million pounds. And if we expand this to 40 years, that could give you a portfolio worth of 8.63 million pounds.

17:27That's over 10 million dollars. Now, let's rank this income stream out of five stars in my three core categories. Firstly, how much time does investing take? I'd rate this five stars out of five as all you have to do is download an investing app such as Trading 212, deposit some money and start investing. Since I was planning to talk about Trading 212 anyway, I reached out to them to see if they'd be interested in sponsoring this portion of the video. They agreed and are offering a free stock worth up to 100 pounds to anyone that uses the code Tilbury when they sign up and fund their account with as little as one pound or euro. Plus, you can get more free shares by inviting your friends. Both of you will get a free share as long as they fund their account. Also, don't worry if you've opened an account in the last 10 days. You can still use the promo code Tilbury in the app and receive your free share. Secondly, how much money do you need? I'd rate this to five stars out of five again as I've shown with my son's experiment. You can start with as little as a price of a Starbucks

18:27coffee a day or even less. Because of the way compound interest works, it's much better to get started sooner rather than later. So the time is on your side, even if you can only put aside a little bit every month. Thirdly, how easy is it to make $100 per week? This will have to be a 2.5 out of five because it's very challenging to make this kind of money at the start. As you can see by this graph, net worth really starts to accelerate after the first 100k. For me, making $100 a week from investments is now the easiest thing in the world. So who knows, by the time you reach my age, you could be making $4 more than $100 a day through investing. Fifth is my residential real estate. I rent these out to families. When I was younger, I wanted to build an income source that would constantly bring in money even if I decided to stop working. So I did some research and that's when I bought my first residential rental property. It's actually this one and it's in an up and coming area with great transport links to London and good local schools. But the truth is, I regretted the investment as soon as I bought it.

19:29The reality was, it needed a lot more fixing up than I'd initially thought and I just tied up a bigger amount of my money. But I was committed now and I needed to make it work. So I spent every free moment down at the house fixing everything myself to save costs. Now looking back, this was hands down one of the best decisions I've ever made. It's over doubled in value and along with my other properties has given me a steady income for years. Look, I'm not gonna lie, getting into real estate usually takes a big chunk of change to start but there is a good way to get started without actually buying any property yourself. It's called deal sourcing. This involves you sitting at a computer, finding deals and then sending them on to real estate investors like me and receiving a commission. I'm always on the lookout for great deals and so a thousand of other real estate investors. So here are the three simple steps you can take right now to start this. Step one, educate yourself. Learn about the local real estate market, property values and investment strategies. Become obsessed, watch videos and read plenty of books.

20:30Step two, build a network. Connect with real estate agents, property managers and other investors. Attend local real estate meetups and join online forums to expand your connections. Step three, start finding deals. Look for undervalued properties or motivated sellers through online listings, auctions all by driving around neighborhoods. When you find a good deal, present it to investors in your network for a find as fee. Even if you don't plan to deal source forever, this experience will prove invaluable when you eventually become a real estate investor yourself. You'll already possess all the necessary knowledge. In my view, it's a win-win situation. You're learning and earning at the same time. So it's time to rank this income stream. Firstly, how much time does residential real estate take? This is a three out of five as it does take time to find good deals. And if you're the investor, you might need to put in some work to fix up the property at the beginning. Secondly, how much money do you need? If you're deal-sourcing, then this is a five out of five stars,

21:31as you don't need any money to get started. However, if you're investing, then you'll need a significant amount of money to buy the property and also maintain it. Take it from me, being a landlord. Propel Fitness Water. With Gatorade Electrolites, Zero Sugar, and Vitamins, Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolites. When you need to build up your team to handle the growing chaos at work, use Indeed Sponsored Jobs. It gives your job post the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at ND.com slash podcast. That's ND.com slash podcast, terms and conditions apply. Need a hiring hero? What is the job for Indeed Sponsored Jobs? Visible puts unlimited 5G data and hotspot in the palm of your hand, powered by Verizon's 5G network,

22:34with no contract holding you back. And for a limited time, you can get visible for just $19 a month for 12 months when you use promo code Save6. All the features of Big Wireless Service for half the cost. Tap the banner to switch today. Terms apply, Standard Rate applies at month 13, seevisible.com for plan features and network management details. Isn't always easy. I remember when I dealt with all my properties personally, I'll get called up for the craziest of things. Once I even found myself fixing a roof tile during a major storm, and thirdly, how easy is it to make $100 per week? This is a 5 out of 5 as it's relatively easy to make $100 a week. If you're deal-sourcing, once you've learnt the ropes, just one finders fee can earn you thousands in commissions. For investors, you can generate income from both rental payments and property value appreciation. Six is my commercial real estate. I rent these warehouses to different businesses. This one is just about to go on the market. This is something I explored later in life,

23:36after I'd invested in the stock market and residential real estate, and I recommend you do the same. I was interested in boosting my cash flow, and you can typically earn more per month rented to businesses rather than families. However, my warehouses are unlikely to increase in value at the same rate as my residential properties. I'm gonna keep this one short and skip to the ratings. First, how much time does commercial real estate take? I'll give this a three out of five stars. Honestly, it can be relatively hands off once you've got the tenants in place. However, setting it up does take time from finding good warehouse space to making sure it's ready to lease out. Once you're up and running, it only really requires you to manage a tenant relationship. Secondly, how much money do you need? This is a one out of five stars, as commercial real estate isn't cheap and upfront costs can be high. However, finance and options and partnerships are often available for this kind of investment if you're not ready to put in all the money yourself. And thirdly, how easy is it to make $100 per week?

24:37This is a four out of five stars, as the potential is definitely there. With most commercial leases bringing in well above $100 per week. Once leased, this type of real estate can provide a strong cash flow, but it may take a while to reach this point since it's a longer term investment. Seven of this is my personal brand where I make videos like this one to help the next generation grow their wealth. As a kid, I always used to see famous people on TV and in the movies. It was great entertainment, but let's be honest, becoming an actor yourself seem like an impossible dream. You'd never think, I'll watch this movie, get inspired and then become a star. The odds were just too slim. However, nowadays with social media, you don't need to become an actor or TV show host to become famous as you can do it all from your smartphone and get rich at the same time. Having a large following on social media has so many benefits, like giving you a sense of personal authority, making you famous and generating income while having the freedom to travel whenever you want without a boss breathing down your neck. I'll be completely honest,

25:38when I became a content creator and posted my first video, I never actually thought about any of that stuff. I just wanted to work with my son, share my stories with the world and hopefully help some people along the way. It's more about legacy for me than fame and money, although it's really cool when I get to meet some of you guys in person. But let's not beat around the bush here. Posting these videos does in fact generate me income through ad revenue and sponsors, which I invest in team members and equipment to produce better videos for you guys. I was actually scrolling through my YouTube channel the other night, reflecting on a few of my old videos, it was such a nice moment for me and my son seeing how much everything could improve. But anyway, enough about me, let's discuss how you can start posting on social media, grow a following and start producing an income. Step one is research. I know it sounds cliche, but if you want to grow on social media, you need to have a clear lane and message. For example, my lane is personal finance and side hustles and my message is helping the next generation grow their wealth.

26:39If I just posted whatever I wanted, let's say one day I was discussing my passion for RC models, the next day it was cars followed by golf and then maybe investing. You probably wouldn't subscribe, would you? And the reason for that is, you don't actually have any idea what you're subscribing to. So think about what you're interested in and experienced at. Research other popular YouTubers in that space and hatch a plan to put your own spin on things. Step two is create. Remember a moment ago when I mentioned how much my videos improved over the last few years. Well, that's exactly why you need to create. I see so many people trying to be perfectionists and learn everything there is to know about creating videos before actually posting one for themselves. So what are you waiting for? As long as you've done your research and have a clear goal for where you want to end up, start making content and improve as you go. Step three is monetize. It's all well and good being a content creator, but if you're not able to make any money from it, then it's extremely unlikely you'll be able to continue doing it.

27:40This is because believe it or not, creating content is a job and takes more time than you'd probably think. And if you're not producing an income from your efforts, that's all time that could be spent working a job or building a different business. My advice for monetizing your social media career would be not to worry about the money at first and instead focus on creating great videos that people love. Doing this will build a strong foundation of returning viewers, which is crucial for monetizing in the future. Once you build that audience, there's three main ways you can start making money. The first way is ad revenue, where YouTube will pay you for those adverts that play before, during and after your videos. The second way is brand deals, where you negotiate with a brand and get them to agree to pay you either a flat fee, a commission or both. And the third way is by creating your own digital product like a course or community. Now let's rank personal branding. Firstly, how much time does build in a personal brand take? I'd give build in a personal brand two out of five stars when it comes to time investment,

28:40because when you're just starting out, things naturally take longer while you learn. Even when you're an expert, creating content takes time, but I'm not gonna give it just a one star as at least you can create when you want and not when you're told to buy a boss. Secondly, how much money do you need? I'm gonna give this three out of five stars, as it really does depend. You can work on quite a tight budget and create videos with your iPhone and simple editing software, or you can go all out and get the best camera, hire the best editors and so on. Thirdly, how easy is it to make $100 per week? I'm gonna rate this four out of five stars, as posting videos online is almost like building digital real estate. At first, there are some requirements you need to meet to gain access to monetization, like having over a thousand subscribers and 4,000 hours of watch time. But once you've gained access to this and have multiple videos on your channel, making $100 per week is very realistic. If you wanna know what to do with your money, every time you get paid, then I'm gonna leave that video right up there.

29:41But don't click on it just yet. Make sure to subscribe if you wanna grow your wealth, okay? I'll see you over there. Close your eyes, exhale, fill your body relax, let go of whatever you're carrying today. Well, I'm letting go of the worry that I wouldn't get my new contacts in time for this class. I got them delivered free from 1,800 contacts. Oh my gosh, they're so fast. And breathe. Oh, sorry. I almost couldn't breathe when I saw the discount they gave me on my first order. Oh, sorry, namaste. Visit 1-800-contacts.com today to save on your first order. 1-800-contacts. Have you heard that McDonald's spicy chicken McNuggets made with spicy tempura and a blend of aged cayenne? Are back. Remember to grab a few extra napkins. Bottom up, boo, boo. For a limited time at participating McDonald's. Get business done with the new American Express graphite business cash unlimited card with unlimited 2% cashback on all eligible purchases. Unlimited 5% cashback on flights and prepaid hotels

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