How I Turned $10,000 Into $100,000 At 20 - My Side Hustles
Published on: November 30 2022 by Carter Maxwell
How I Turned $10,000 Into $100,000 At 20 - My Side Hustles
Table of Contents About How I Turned $10,000 Into $100,000 At 20 - My Side Hustles
How I Turned $10,000 Into $100,000 At 20 - My Side Hustles
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00:00:00 | 00:00:04 | what's up everyone carter here and in |
00:00:02 | 00:00:05 | this video i'm gonna break down exactly |
00:00:04 | 00:00:07 | how i turned ten thousand dollars into |
00:00:05 | 00:00:09 | over a hundred thousand dollars at age |
00:00:07 | 00:00:11 | twenty now this is actually video number |
00:00:09 | 00:00:13 | two in a two-part video series that i |
00:00:11 | 00:00:16 | created in video number one i toked |
00:00:13 | 00:00:18 | about how i turned 25 into over ten |
00:00:16 | 00:00:19 | thousand dollars at age 16. if you |
00:00:18 | 00:00:21 | haven't seen that video there'll be a |
00:00:19 | 00:00:22 | link in the description of this video so |
00:00:21 | 00:00:24 | definitely check that one out first |
00:00:22 | 00:00:28 | however in this video i'm sharing my |
00:00:24 | 00:00:32 | entire journey from age 17 to 20 every |
00:00:28 | 00:00:33 | business company side hustle ones that |
00:00:32 | 00:00:35 | were a success and ones that were a |
00:00:33 | 00:00:37 | complete failure and i hope that by |
00:00:35 | 00:00:39 | creating this video and putting my story |
00:00:37 | 00:00:41 | out there that i can hopefully inspire |
00:00:39 | 00:00:43 | other people around the world that you |
00:00:41 | 00:00:45 | too can financially change your life |
00:00:43 | 00:00:47 | even at a young age so if you can do me |
00:00:45 | 00:00:48 | a quick favor and smash that like button |
00:00:47 | 00:00:50 | and let's go ahead and get right into |
00:00:48 | 00:00:52 | the video so here's the story of my |
00:00:50 | 00:00:55 | journey from age 17 to age 20. so let's |
00:00:52 | 00:00:57 | splash back to 17 year old carter here i |
00:00:55 | 00:00:59 | am approaching my junior year have a net |
00:00:57 | 00:01:01 | worth of you know maybe around ten |
00:00:59 | 00:01:04 | thousand dollars and all that money had |
00:01:01 | 00:01:06 | been accumulated over the past six or |
00:01:04 | 00:01:09 | seven years just from different side |
00:01:06 | 00:01:11 | hustles companies ventures really kind |
00:01:09 | 00:01:12 | of getting my feet wet in a bunch of |
00:01:11 | 00:01:14 | different industries |
00:01:12 | 00:01:17 | websites trying to find a way that where |
00:01:14 | 00:01:19 | i could create a stream of income now |
00:01:17 | 00:01:22 | some of those businesses consisted of |
00:01:19 | 00:01:25 | selling candy at school reselling random |
00:01:22 | 00:01:27 | used items on ebay selling books on |
00:01:25 | 00:01:29 | amazon a phone case business a t-shirt |
00:01:27 | 00:01:31 | to business a bunch of different side |
00:01:29 | 00:01:33 | hustles so here i am at 17 and i have a |
00:01:31 | 00:01:36 | little bit more money to work with which |
00:01:33 | 00:01:38 | means i can take a little bit bigger |
00:01:36 | 00:01:41 | risk the bigger the risk often the |
00:01:38 | 00:01:44 | bigger reward or potentially the bigger |
00:01:41 | 00:01:46 | loss now from age 17 to age 18 there |
00:01:44 | 00:01:48 | were a few different major businesses |
00:01:46 | 00:01:50 | that i was involved in one of those was |
00:01:48 | 00:01:52 | obviously my amazon business there were |
00:01:50 | 00:01:55 | a few different ways that i was able to |
00:01:52 | 00:01:57 | create income on amazon one was selling |
00:01:55 | 00:01:59 | used books buying books at thrift stores |
00:01:57 | 00:02:01 | library sales sometimes garage sales you |
00:01:59 | 00:02:02 | know from a dollar to two dollars per |
00:02:01 | 00:02:04 | book and sometimes i would sell these |
00:02:02 | 00:02:06 | books on amazon for you know fifteen to |
00:02:04 | 00:02:08 | twenty dollars upwards of fifty to sixty |
00:02:06 | 00:02:10 | dollars plus sometimes so obviously a |
00:02:08 | 00:02:12 | great business especially when you're |
00:02:10 | 00:02:14 | working with such high margins and i was |
00:02:12 | 00:02:17 | experimenting with other items as well |
00:02:14 | 00:02:19 | electronics video games i started to get |
00:02:17 | 00:02:21 | into toys and then i also tried a |
00:02:19 | 00:02:23 | different business model known as |
00:02:21 | 00:02:25 | private label now with the private label |
00:02:23 | 00:02:27 | business model you're essentially taking |
00:02:25 | 00:02:29 | a generic product let's say this tape |
00:02:27 | 00:02:32 | gun and you're taking this generic tape |
00:02:29 | 00:02:34 | gun and you're putting your branded logo |
00:02:32 | 00:02:36 | on it so you're branding this generic |
00:02:34 | 00:02:38 | product with your brand and then |
00:02:36 | 00:02:40 | reselling it back on amazon for a marked |
00:02:38 | 00:02:42 | up price now this was a really cool |
00:02:40 | 00:02:44 | business model it did require more |
00:02:42 | 00:02:47 | capital because you often have to place |
00:02:44 | 00:02:49 | bulk orders from overseas so obviously |
00:02:47 | 00:02:51 | the more units that you order the lower |
00:02:49 | 00:02:53 | price you're gonna have to pay per unit |
00:02:51 | 00:02:55 | now long story short my first two or |
00:02:53 | 00:02:58 | three products with this business were a |
00:02:55 | 00:03:00 | complete failure lost probably a |
00:02:58 | 00:03:02 | thousand two thousand dollars on each |
00:03:00 | 00:03:05 | item i had a phone case that failed had |
00:03:02 | 00:03:06 | some kitchen utensils that fail just not |
00:03:05 | 00:03:08 | doing the proper product research and |
00:03:06 | 00:03:10 | also just not really knowing what i'm |
00:03:08 | 00:03:13 | doing and truth be told there just |
00:03:10 | 00:03:15 | wasn't as much resources there wasn't as |
00:03:13 | 00:03:18 | much selling on amazon content out there |
00:03:15 | 00:03:20 | years ago compared to today however i |
00:03:18 | 00:03:23 | ended up finding an item i was able to |
00:03:20 | 00:03:25 | buy for i believe it was maybe like a |
00:03:23 | 00:03:26 | dollar eighty or maybe two dollars per |
00:03:25 | 00:03:29 | unit and i was selling it for twelve |
00:03:26 | 00:03:31 | dollars on amazon over the next two two |
00:03:29 | 00:03:33 | and a half years i sold over a hundred |
00:03:31 | 00:03:35 | thousand dollars worth of that item i'm |
00:03:33 | 00:03:37 | always that's not all profit that's |
00:03:35 | 00:03:38 | revenue but it was really cool to be |
00:03:37 | 00:03:40 | able to have a product that was |
00:03:38 | 00:03:42 | successful after i had two or three that |
00:03:40 | 00:03:44 | failed and lost me a good portion of |
00:03:42 | 00:03:46 | income now business number two that |
00:03:44 | 00:03:49 | ended up being a huge income generator |
00:03:46 | 00:03:51 | for me mainly later on in this video was |
00:03:49 | 00:03:53 | social media when i was running my |
00:03:51 | 00:03:56 | amazon business doing these different |
00:03:53 | 00:03:57 | side hustles i always wanted to be like |
00:03:56 | 00:03:58 | a youtuber like every kid grows up i |
00:03:57 | 00:04:00 | want to be the next youtuber |
00:03:58 | 00:04:03 | entertainment and it was meant to be |
00:04:00 | 00:04:05 | that i was gonna create content related |
00:04:03 | 00:04:08 | to finances and selling stuff on ebay |
00:04:05 | 00:04:10 | and amazon and so i started my instagram |
00:04:08 | 00:04:12 | and my youtube both around the same time |
00:04:10 | 00:04:14 | building out a personal brand i actually |
00:04:12 | 00:04:16 | was known as the high school hustler and |
00:04:14 | 00:04:17 | i would just start documenting my |
00:04:16 | 00:04:20 | journey i was creating videos and |
00:04:17 | 00:04:23 | content just sharing my story sharing my |
00:04:20 | 00:04:25 | successes my failures documenting my |
00:04:23 | 00:04:27 | journey and when i first started for the |
00:04:25 | 00:04:32 | first year year and a half i mean i made |
00:04:27 | 00:04:35 | zero zero nil zero dollars on instagram |
00:04:32 | 00:04:37 | and youtube i just i wasn't currently |
00:04:35 | 00:04:38 | monetized on youtube because i wasn't 18 |
00:04:37 | 00:04:40 | at the time i should have been getting |
00:04:38 | 00:04:44 | paid youtube ad revenue a long story |
00:04:40 | 00:04:46 | short i put in a lot of time and energy |
00:04:44 | 00:04:48 | creating valuable content content that |
00:04:46 | 00:04:50 | can positively or financially change |
00:04:48 | 00:04:52 | someone's life but i did a lot i built |
00:04:50 | 00:04:54 | out a great foundation later on this |
00:04:52 | 00:04:56 | video you'll see where that social media |
00:04:54 | 00:04:58 | comes into play as a nice stream of |
00:04:56 | 00:05:00 | income for myself so here we are i just |
00:04:58 | 00:05:02 | turned age 18 you know through the |
00:05:00 | 00:05:05 | different side hustles that i had amazon |
00:05:02 | 00:05:06 | business a couple other businesses i was |
00:05:05 | 00:05:08 | still running from the past i would say |
00:05:06 | 00:05:12 | i got my net worth anywhere from |
00:05:08 | 00:05:14 | probably 20 to 25 000 now at age 18 this |
00:05:12 | 00:05:16 | is my senior year in high school so i'm |
00:05:14 | 00:05:18 | in 12th grade this is where things start |
00:05:16 | 00:05:21 | to pick up a little bit i had just hit |
00:05:18 | 00:05:23 | 10 000 subscribers on youtube so this |
00:05:21 | 00:05:26 | was a huge milestone for me i had |
00:05:23 | 00:05:28 | probably posted over 150 videos on that |
00:05:26 | 00:05:30 | channel and the cool thing is the videos |
00:05:28 | 00:05:32 | on youtube can get views forever i could |
00:05:30 | 00:05:34 | have posted a video two years ago and it |
00:05:32 | 00:05:37 | can still be getting views today now on |
00:05:34 | 00:05:39 | youtube you can also generate ad revenue |
00:05:37 | 00:05:41 | depending on the kind of content you're |
00:05:39 | 00:05:42 | creating the kind of industry you're in |
00:05:41 | 00:05:43 | in the amount of views that you're |
00:05:42 | 00:05:46 | getting you'll be able to receive ad |
00:05:43 | 00:05:48 | revenue so at that time i was making |
00:05:46 | 00:05:50 | every single month maybe four to five |
00:05:48 | 00:05:52 | hundred dollars in ad revenue every |
00:05:50 | 00:05:55 | single month and it was a great |
00:05:52 | 00:05:57 | hands-off passive stream of income for |
00:05:55 | 00:05:58 | me and it's around that time i also |
00:05:57 | 00:06:00 | started the business of affiliate |
00:05:58 | 00:06:01 | marketing now for those of you that |
00:06:00 | 00:06:03 | don't know what affiliate marketing is |
00:06:01 | 00:06:06 | it's essentially the promotion of |
00:06:03 | 00:06:07 | another brand's or company's product or |
00:06:06 | 00:06:09 | service in exchange for every sale that |
00:06:07 | 00:06:11 | you make you'll actually receive a |
00:06:09 | 00:06:12 | commission or a kickback so with |
00:06:11 | 00:06:14 | affiliate marketing there were different |
00:06:12 | 00:06:16 | ways that i approached it i decided you |
00:06:14 | 00:06:17 | know what this is a cool business model |
00:06:16 | 00:06:19 | let me try first time i or the first |
00:06:17 | 00:06:22 | affiliate marketing offer i created was |
00:06:19 | 00:06:24 | to promote an amazon software called |
00:06:22 | 00:06:26 | jungle scout now i actually used jungle |
00:06:24 | 00:06:27 | scout i had great success with it was |
00:06:26 | 00:06:29 | how i did all my product research so i |
00:06:27 | 00:06:30 | said you know what let me just create a |
00:06:29 | 00:06:33 | quick tutorial and i put up a quick |
00:06:30 | 00:06:34 | video kind of a demo showing off how the |
00:06:33 | 00:06:36 | software worked and what all it did i |
00:06:34 | 00:06:38 | said hey if you guys are interested in |
00:06:36 | 00:06:40 | joining and subscribing jumbo scout use |
00:06:38 | 00:06:41 | the link in the description every time |
00:06:40 | 00:06:43 | someone go through the link and purchase |
00:06:41 | 00:06:45 | the general scout extension you know i |
00:06:43 | 00:06:47 | would receive a commission now i also |
00:06:45 | 00:06:49 | did this with a good friend of mine's |
00:06:47 | 00:06:51 | course now i had been creating a lot of |
00:06:49 | 00:06:52 | content on a bunch of different subjects |
00:06:51 | 00:06:54 | and my ebay videos were getting a lot of |
00:06:52 | 00:06:56 | views i had someone reach out to me hey |
00:06:54 | 00:06:58 | i saw you creating a lot of valuable |
00:06:56 | 00:07:00 | content about making money on ebay i |
00:06:58 | 00:07:02 | have a course all about helping people |
00:07:00 | 00:07:04 | get started making money on ebay maybe |
00:07:02 | 00:07:06 | it could be a cool offer to offer your |
00:07:04 | 00:07:07 | audience if they want to learn a little |
00:07:06 | 00:07:09 | bit more in depth so i said sure so i |
00:07:07 | 00:07:11 | basically would create an ebay video at |
00:07:09 | 00:07:12 | the end of the video i would plug this |
00:07:11 | 00:07:14 | guy's course and he would give me a |
00:07:12 | 00:07:16 | kickback that ended up turning into a |
00:07:14 | 00:07:18 | really nice stream of income as well so |
00:07:16 | 00:07:21 | obviously at age 18 there's still a lot |
00:07:18 | 00:07:22 | going outside of my life outside of the |
00:07:21 | 00:07:24 | business i'm a full-time high school |
00:07:22 | 00:07:26 | student you know i try to be a social |
00:07:24 | 00:07:29 | kid i'm on the varsity basketball team i |
00:07:26 | 00:07:30 | have a lot of passion in basketball |
00:07:29 | 00:07:34 | those who don't know basketball was huge |
00:07:30 | 00:07:36 | for me i was probably 50 basketball 50 |
00:07:34 | 00:07:37 | business just because after i graduate |
00:07:36 | 00:07:38 | you know i'm not playing at the next |
00:07:37 | 00:07:40 | level you know there'll still be |
00:07:38 | 00:07:42 | opportunities for me to make money so i |
00:07:40 | 00:07:44 | obviously wanted to make sure that i |
00:07:42 | 00:07:46 | really got the best out of my senior |
00:07:44 | 00:07:48 | year of basketball i had a great season |
00:07:46 | 00:07:50 | a great year and then i graduated so i |
00:07:48 | 00:07:53 | graduated and all of a sudden |
00:07:50 | 00:07:57 | school's done my basketball career is |
00:07:53 | 00:07:59 | done and i have all this time a lot more |
00:07:57 | 00:08:01 | time than i usually have my birthday's |
00:07:59 | 00:08:03 | in the middle of the summer and |
00:08:01 | 00:08:05 | throughout that summer when i turned 19 |
00:08:03 | 00:08:07 | there was a lot of vacations and a lot |
00:08:05 | 00:08:09 | of a little bit of stress too i was |
00:08:07 | 00:08:12 | trying to figure out what was the next |
00:08:09 | 00:08:13 | step for me and for most people out of |
00:08:12 | 00:08:15 | high school |
00:08:13 | 00:08:17 | college is the next step like no doubt |
00:08:15 | 00:08:20 | you get good grades all year and you get |
00:08:17 | 00:08:22 | good s.a.t and act scores so you can get |
00:08:20 | 00:08:24 | accepted into the college that you like |
00:08:22 | 00:08:26 | and for me it was just i never really a |
00:08:24 | 00:08:28 | big focus i never did too well in school |
00:08:26 | 00:08:30 | i didn't do good on the act i didn't |
00:08:28 | 00:08:32 | really have many options when it came to |
00:08:30 | 00:08:34 | college and basically that summer i just |
00:08:32 | 00:08:36 | enjoyed that time with my high school |
00:08:34 | 00:08:38 | friends before i entered kind of the |
00:08:36 | 00:08:41 | next step in my life i didn't really |
00:08:38 | 00:08:44 | have any massive jumps in my business |
00:08:41 | 00:08:46 | just very consistent growth not stagnant |
00:08:44 | 00:08:50 | but not any crazy increases by any means |
00:08:46 | 00:08:53 | so i turned 19 that summer in july i'm |
00:08:50 | 00:08:54 | going to community college i had a |
00:08:53 | 00:08:56 | couple of friends that were going to a |
00:08:54 | 00:08:57 | big university there's a community |
00:08:56 | 00:08:59 | college right next to it i said you know |
00:08:57 | 00:09:02 | what i don't really know what i want to |
00:08:59 | 00:09:04 | do college was something that my parents |
00:09:02 | 00:09:06 | and my grandparents at least the kids in |
00:09:04 | 00:09:08 | my school everyone was pushing it on to |
00:09:06 | 00:09:10 | you at least where i grew up college was |
00:09:08 | 00:09:11 | a for sure thing okay after you graduate |
00:09:10 | 00:09:13 | you're going to college and you're going |
00:09:11 | 00:09:14 | to get a degree and with that degree |
00:09:13 | 00:09:15 | you're going to get a job and you're |
00:09:14 | 00:09:18 | going to work that job as long as you |
00:09:15 | 00:09:19 | can to have a stable income for your |
00:09:18 | 00:09:21 | future family which obviously makes |
00:09:19 | 00:09:22 | sense and everyone wants a stable income |
00:09:21 | 00:09:24 | but |
00:09:22 | 00:09:28 | it was just far from the truth and that |
00:09:24 | 00:09:29 | first year just showed me that i think i |
00:09:28 | 00:09:31 | need to do something a little bit |
00:09:29 | 00:09:32 | different with my life so i know i'm |
00:09:31 | 00:09:34 | going a little bit off track kind of |
00:09:32 | 00:09:36 | getting more into my personal life and |
00:09:34 | 00:09:37 | not so much the business stuff but the |
00:09:36 | 00:09:39 | reason i want to tell you about my |
00:09:37 | 00:09:41 | personal life what i'm going through is |
00:09:39 | 00:09:42 | you know a lot of people might be going |
00:09:41 | 00:09:44 | what i'm going through maybe they feel |
00:09:42 | 00:09:45 | like college isn't for them maybe |
00:09:44 | 00:09:47 | they're struggling on what they're going |
00:09:45 | 00:09:48 | to do after they graduate high school |
00:09:47 | 00:09:50 | when they graduate college and i just |
00:09:48 | 00:09:52 | want to let people know it's totally |
00:09:50 | 00:09:53 | okay so long story short i enter |
00:09:52 | 00:09:55 | community college it's a great time |
00:09:53 | 00:09:57 | you're in college it's a college town |
00:09:55 | 00:10:00 | there's tons of college kids around |
00:09:57 | 00:10:01 | there's parties and girls and just all |
00:10:00 | 00:10:03 | these distractions that come with |
00:10:01 | 00:10:05 | college all the freedom you decide when |
00:10:03 | 00:10:07 | you want to go to bed when you want to |
00:10:05 | 00:10:09 | win just a lot of freedom that i usually |
00:10:07 | 00:10:11 | wasn't used to so obviously i had a lot |
00:10:09 | 00:10:13 | of fun you know i was living with three |
00:10:11 | 00:10:14 | other guys now the rent was fairly cheap |
00:10:13 | 00:10:16 | my parents were paying the rent because |
00:10:14 | 00:10:18 | they agreed if i go to college you know |
00:10:16 | 00:10:20 | they'll pay for their community college |
00:10:18 | 00:10:21 | classes and my rent as well so didn't |
00:10:20 | 00:10:24 | have to pay any rent at that time a few |
00:10:21 | 00:10:26 | months go by in school it starts getting |
00:10:24 | 00:10:27 | tough it's a lot tougher than high |
00:10:26 | 00:10:29 | school classes are a little bit more |
00:10:27 | 00:10:31 | difficult and it starts building a |
00:10:29 | 00:10:32 | little bit more pressure on me and i'm |
00:10:31 | 00:10:34 | never focusing on the lectures they were |
00:10:32 | 00:10:36 | teaching all these different subjects i |
00:10:34 | 00:10:37 | wasn't interested in i was always on my |
00:10:36 | 00:10:39 | computer trying to make money so i would |
00:10:37 | 00:10:40 | never pay attention i was cheating and |
00:10:39 | 00:10:42 | it just really got to me so you know the |
00:10:40 | 00:10:44 | next couple months leading up to like |
00:10:42 | 00:10:46 | the second half of the semester my |
00:10:44 | 00:10:48 | business was very very stagnant it was a |
00:10:46 | 00:10:49 | little bit uncomfortable trying to run a |
00:10:48 | 00:10:51 | business you know with other people in |
00:10:49 | 00:10:54 | the house and trying to create content |
00:10:51 | 00:10:55 | when the wall right behind me my friends |
00:10:54 | 00:10:58 | trying to sleep it was just a little bit |
00:10:55 | 00:11:00 | of an awkward situation my business it |
00:10:58 | 00:11:02 | felt like it was slipping my youtube |
00:11:00 | 00:11:04 | channel my amazon business everything |
00:11:02 | 00:11:06 | that came into with call just making it |
00:11:04 | 00:11:08 | more difficult my time was limited there |
00:11:06 | 00:11:11 | were more distractions in january kind |
00:11:08 | 00:11:12 | of the second semester went through a |
00:11:11 | 00:11:14 | heartbreak in the next month you know my |
00:11:12 | 00:11:16 | uncle passed away and it was just a lot |
00:11:14 | 00:11:18 | was going on and then there was a |
00:11:16 | 00:11:21 | turning point in my life and in this |
00:11:18 | 00:11:25 | story and that's coded so in march of |
00:11:21 | 00:11:27 | 2020 covid hits now it was an extremely |
00:11:25 | 00:11:29 | extremely tough time for me and you know |
00:11:27 | 00:11:30 | for people all around the world people |
00:11:29 | 00:11:32 | didn't know what was going on i lived in |
00:11:30 | 00:11:34 | a house with three other guys they all |
00:11:32 | 00:11:36 | moved back home i decided to stay so i |
00:11:34 | 00:11:38 | was extremely lonely my businesses were |
00:11:36 | 00:11:40 | slipping school was kind of postponed |
00:11:38 | 00:11:42 | and then i stumbled across an |
00:11:40 | 00:11:44 | opportunity now i'm still running my |
00:11:42 | 00:11:46 | amazon business always trying to find |
00:11:44 | 00:11:47 | new products and i was surfing through |
00:11:46 | 00:11:49 | offer up which is based like a |
00:11:47 | 00:11:51 | craigslist to buy and sell local |
00:11:49 | 00:11:54 | marketplace and i saw someone was |
00:11:51 | 00:11:56 | selling this vitamin c pack for 25 i was |
00:11:54 | 00:11:58 | like that's weird people are selling |
00:11:56 | 00:12:01 | vitamins locally okay maybe people want |
00:11:58 | 00:12:03 | them and so i search it back up selling |
00:12:01 | 00:12:05 | for 27 on amazon i didn't think much |
00:12:03 | 00:12:06 | about it my brain didn't connect like |
00:12:05 | 00:12:09 | hey maybe you should try to figure out |
00:12:06 | 00:12:10 | where they're buying this item from her |
00:12:09 | 00:12:12 | or if you can get it for a low price the |
00:12:10 | 00:12:14 | craziest thing happens so i go to my |
00:12:12 | 00:12:15 | local grocery store and i'm getting my |
00:12:14 | 00:12:17 | groceries for the week i was getting |
00:12:15 | 00:12:18 | protein powder so i was getting protein |
00:12:17 | 00:12:20 | powder so i'm in kind of like the hell |
00:12:18 | 00:12:23 | file with the vitamins and as i'm |
00:12:20 | 00:12:26 | walking by i see that exact vitamin c |
00:12:23 | 00:12:27 | packet on the shelf and i look at the |
00:12:26 | 00:12:29 | price |
00:12:27 | 00:12:32 | 9.97 |
00:12:29 | 00:12:33 | so i was like what i can get it here for |
00:12:32 | 00:12:36 | 9.97 |
00:12:33 | 00:12:39 | and that lady was selling it for 25 |
00:12:36 | 00:12:40 | on offer up let me scan it on amazon and |
00:12:39 | 00:12:43 | see what it's selling for so i scanned |
00:12:40 | 00:12:45 | the barcode and the lowest price was 27 |
00:12:43 | 00:12:48 | on amazon i'm like okay that's a little |
00:12:45 | 00:12:50 | bit strange so i buy one single unit i |
00:12:48 | 00:12:52 | go home i list it 20 minutes later it |
00:12:50 | 00:12:54 | sells i ship it out i make eight to nine |
00:12:52 | 00:12:56 | dollar profit after shipping and fees |
00:12:54 | 00:12:58 | i'm like okay time to go buy more i had |
00:12:56 | 00:13:00 | found this item that was in high demand |
00:12:58 | 00:13:03 | people around the world were in need of |
00:13:00 | 00:13:04 | vitamin c of vitamins and i was taking |
00:13:03 | 00:13:06 | the risk to go out with cob and |
00:13:04 | 00:13:08 | everything going on buy as many vitamins |
00:13:06 | 00:13:09 | as i could after i sold that one unit i |
00:13:08 | 00:13:11 | went right back to the store and i |
00:13:09 | 00:13:13 | bought 20. sold them within a day |
00:13:11 | 00:13:15 | cleared out my city and i started going |
00:13:13 | 00:13:17 | to the biggest cities in my state buying |
00:13:15 | 00:13:19 | hundreds of vitamins was scanning |
00:13:17 | 00:13:21 | everything that vitamin i was founding |
00:13:19 | 00:13:22 | different flavors variations different |
00:13:21 | 00:13:25 | kind of vitamins that people were in |
00:13:22 | 00:13:27 | need of i started buying hundreds of |
00:13:25 | 00:13:29 | these i would come back to my place and |
00:13:27 | 00:13:30 | unload them and sometimes 70 to 80 |
00:13:29 | 00:13:33 | orders a day because i would restok |
00:13:30 | 00:13:35 | with 300 400 units i would have or six |
00:13:33 | 00:13:37 | thousand dollar days sometimes i would |
00:13:35 | 00:13:39 | restok just because they would just |
00:13:37 | 00:13:41 | sell almost insulin you i could barely |
00:13:39 | 00:13:42 | keep them in stok and long story short |
00:13:41 | 00:13:45 | it led me to having a forty three |
00:13:42 | 00:13:47 | thousand dollar month on amazon which |
00:13:45 | 00:13:49 | changed my life and gave me a lot more |
00:13:47 | 00:13:51 | confidence when i was down also at that |
00:13:49 | 00:13:53 | time i started putting more money into |
00:13:51 | 00:13:55 | the stok market or investing into some |
00:13:53 | 00:13:57 | publicly traded companies that i had a |
00:13:55 | 00:13:59 | lot of faith in i know tesla amazon |
00:13:57 | 00:14:00 | companies that i used and i thought you |
00:13:59 | 00:14:01 | know what they have a good potential |
00:14:00 | 00:14:03 | long term now that i was starting to |
00:14:01 | 00:14:05 | generate a little bit more consistent |
00:14:03 | 00:14:06 | income i said you know what i'm either |
00:14:05 | 00:14:07 | going to reinvest this back in the |
00:14:06 | 00:14:09 | business or i'm going to put it in an |
00:14:07 | 00:14:11 | investment that has the opportunity to |
00:14:09 | 00:14:14 | make me more money now we're entering |
00:14:11 | 00:14:17 | the summer so that school year had ended |
00:14:14 | 00:14:19 | the vitamin hype kind of died down and |
00:14:17 | 00:14:21 | i'm approaching my 20th birthday and i |
00:14:19 | 00:14:23 | make the one of the biggest decisions of |
00:14:21 | 00:14:25 | my life and i tell my parents that i'm |
00:14:23 | 00:14:28 | dropping out of college from my family |
00:14:25 | 00:14:30 | and the kids that i grew up with college |
00:14:28 | 00:14:32 | was a for sure thing like if you didn't |
00:14:30 | 00:14:33 | go to college then people would think of |
00:14:32 | 00:14:35 | you as a loser people would think down |
00:14:33 | 00:14:36 | on you oh you're not going to college |
00:14:35 | 00:14:38 | how are you going to get a job how are |
00:14:36 | 00:14:40 | you going to be successful how do you be |
00:14:38 | 00:14:41 | able to financially support yourself or |
00:14:40 | 00:14:44 | at least a family in the future and it |
00:14:41 | 00:14:46 | was a really really emotional decision |
00:14:44 | 00:14:47 | for me and i love my parents by the way |
00:14:46 | 00:14:49 | and you know they're they're still super |
00:14:47 | 00:14:50 | super supportive now but it was just a |
00:14:49 | 00:14:52 | hard decision for me to make and for my |
00:14:50 | 00:14:54 | parents to understand grandparents to |
00:14:52 | 00:14:56 | understand even friends as well so here |
00:14:54 | 00:14:58 | i am just turned age 20 now that i'm no |
00:14:56 | 00:15:00 | longer in college my parents agreed you |
00:14:58 | 00:15:02 | need to start picking up the bills so i |
00:15:00 | 00:15:04 | move out find an apartment i'm paying my |
00:15:02 | 00:15:06 | own rent you know 900 a month you know |
00:15:04 | 00:15:08 | utilities and there's a lot of expenses |
00:15:06 | 00:15:09 | that i wasn't used to approaching summer |
00:15:08 | 00:15:10 | i'm going i'm going through some tough |
00:15:09 | 00:15:13 | times you know trying to find some new |
00:15:10 | 00:15:14 | items new side hustles then i approached |
00:15:13 | 00:15:17 | probably what really ends up changing my |
00:15:14 | 00:15:18 | life even more just like when cobot hit |
00:15:17 | 00:15:20 | i thought it was the end of the world i |
00:15:18 | 00:15:21 | thought that i was going to lose |
00:15:20 | 00:15:23 | everything the businesses were going to |
00:15:21 | 00:15:27 | tank ended up working well and i had |
00:15:23 | 00:15:30 | this very similar situation in september |
00:15:27 | 00:15:32 | 2020 at that time i had sold probably |
00:15:30 | 00:15:33 | two to three hundred thousand dollars on |
00:15:32 | 00:15:35 | amazon i'm going to create you know a |
00:15:33 | 00:15:37 | beginner level entry course got a lot of |
00:15:35 | 00:15:39 | people messaging me oh carter how can i |
00:15:37 | 00:15:41 | sell on amazon and there's only so many |
00:15:39 | 00:15:43 | text messages video voice messages i can |
00:15:41 | 00:15:45 | send someone so i created a beginner |
00:15:43 | 00:15:47 | level course i signed with this agency |
00:15:45 | 00:15:49 | for six thousand dollars it was three |
00:15:47 | 00:15:50 | months they were going to help me do |
00:15:49 | 00:15:52 | this massive launch to my audience to |
00:15:50 | 00:15:55 | build this wait list and i did it and |
00:15:52 | 00:15:57 | right as the launch was happening i get |
00:15:55 | 00:15:59 | covered like there's just the absolute |
00:15:57 | 00:16:01 | worst timing and long story short the |
00:15:59 | 00:16:02 | launch goes awful so maybe fifteen |
00:16:01 | 00:16:04 | hundred dollars worth of courses so i |
00:16:02 | 00:16:06 | lose forty five hundred dollars on that |
00:16:04 | 00:16:09 | investment i have coveted for two weeks |
00:16:06 | 00:16:12 | living alone i'm just extremely |
00:16:09 | 00:16:15 | depressed i feel awful sweating at night |
00:16:12 | 00:16:17 | awful cough like it was it was bad it's |
00:16:15 | 00:16:19 | about late september and i hop on the |
00:16:17 | 00:16:23 | biggest opportunity of my life and that |
00:16:19 | 00:16:25 | opportunity was selling patio heaters on |
00:16:23 | 00:16:27 | amazon i did over a hundred forty |
00:16:25 | 00:16:29 | thousand dollars a month although some |
00:16:27 | 00:16:31 | images up there there was a massive |
00:16:29 | 00:16:33 | demand for outdoor patio heaters a lot |
00:16:31 | 00:16:35 | of restaurants because of coven had to |
00:16:33 | 00:16:37 | move their seating outside so they were |
00:16:35 | 00:16:39 | paying outrageous amounts and there was |
00:16:37 | 00:16:40 | just not enough supply of paddock |
00:16:39 | 00:16:43 | heaters especially as it was getting |
00:16:40 | 00:16:45 | colder and solid buying for 150 at |
00:16:43 | 00:16:48 | lowe's and sell them for 300 on amazon |
00:16:45 | 00:16:50 | the same day i was filling up 26 foot |
00:16:48 | 00:16:52 | trucks driving to the biggest cities |
00:16:50 | 00:16:54 | clearing out the entire city it was an |
00:16:52 | 00:16:57 | amazing amazing experience and during |
00:16:54 | 00:16:58 | that time i also had an online community |
00:16:57 | 00:17:00 | called the selling fast lane which is |
00:16:58 | 00:17:02 | another great business that i've run and |
00:17:00 | 00:17:04 | helped hundreds and hundreds of people |
00:17:02 | 00:17:06 | start their amazon businesses and that |
00:17:04 | 00:17:07 | community on discord i started posting |
00:17:06 | 00:17:09 | about the patio heaters and all of a |
00:17:07 | 00:17:11 | sudden while i was making money with |
00:17:09 | 00:17:13 | patio heaters the members of my discord |
00:17:11 | 00:17:15 | were also buying patio heaters from |
00:17:13 | 00:17:17 | lowe's home depot academy and making |
00:17:15 | 00:17:18 | thousands and thousands of dollars a |
00:17:17 | 00:17:20 | month so it was just an amazing |
00:17:18 | 00:17:22 | experience to be able to see my students |
00:17:20 | 00:17:24 | my members be able to make tons of money |
00:17:22 | 00:17:25 | on amazon i'm making tons of money on |
00:17:24 | 00:17:28 | amazon it was just a great time to be |
00:17:25 | 00:17:29 | alive and so with the help of the |
00:17:28 | 00:17:31 | community and with the help of the |
00:17:29 | 00:17:33 | members and the students and especially |
00:17:31 | 00:17:35 | the money from patio heaters it took my |
00:17:33 | 00:17:39 | net worth well over a hundred thousand |
00:17:35 | 00:17:41 | dollars and that is my story 17 to age |
00:17:39 | 00:17:44 | 20. before we go any further there was a |
00:17:41 | 00:17:45 | few key takeaways from this three or |
00:17:44 | 00:17:47 | four year period that i quickly want to |
00:17:45 | 00:17:50 | tok about so the number one key |
00:17:47 | 00:17:52 | takeaway in my opinion was that you need |
00:17:50 | 00:17:55 | to have multiple streams of income the |
00:17:52 | 00:17:57 | reason being is i see one stream of |
00:17:55 | 00:17:59 | income as having all your eggs in one |
00:17:57 | 00:18:02 | basket it's just very risky it's like |
00:17:59 | 00:18:03 | having a job there can be an opportunity |
00:18:02 | 00:18:05 | where the business might fail or |
00:18:03 | 00:18:07 | something goes wrong or there's no more |
00:18:05 | 00:18:08 | demand for the product that your only |
00:18:07 | 00:18:10 | stream of income is gone so if you have |
00:18:08 | 00:18:12 | the opportunity to be able to try |
00:18:10 | 00:18:14 | different side hustles businesses build |
00:18:12 | 00:18:15 | other streams of income it could be as |
00:18:14 | 00:18:17 | simple as taking a little bit of money |
00:18:15 | 00:18:18 | from your paycheck or your business and |
00:18:17 | 00:18:20 | maybe putting it in the stok market or |
00:18:18 | 00:18:21 | i know a lot of people are putting money |
00:18:20 | 00:18:23 | into crypto right now just an |
00:18:21 | 00:18:25 | opportunity where you can hopefully |
00:18:23 | 00:18:26 | build other streams of income i think is |
00:18:25 | 00:18:28 | extremely important and that brings me |
00:18:26 | 00:18:31 | to step number two and this ultimately |
00:18:28 | 00:18:33 | comes with building long-term wealth is |
00:18:31 | 00:18:36 | to be able to find a way for your money |
00:18:33 | 00:18:38 | to make more money for you not the stok |
00:18:36 | 00:18:40 | market crypto those are two ways that i |
00:18:38 | 00:18:42 | was able to strategically place some of |
00:18:40 | 00:18:44 | the money that i have earned from my |
00:18:42 | 00:18:46 | side hustles and businesses where i |
00:18:44 | 00:18:47 | believe there could be long-term growth |
00:18:46 | 00:18:49 | and then all of a sudden that money is |
00:18:47 | 00:18:52 | collecting compound interest and making |
00:18:49 | 00:18:53 | me more money which long term grows over |
00:18:52 | 00:18:56 | time and can turn into another stream of |
00:18:53 | 00:18:58 | income and of course the third takeaway |
00:18:56 | 00:19:01 | and i say it all the time is to take |
00:18:58 | 00:19:03 | massive action i am an average person |
00:19:01 | 00:19:05 | there's nothing special about me never |
00:19:03 | 00:19:07 | got the best grades in school i've |
00:19:05 | 00:19:09 | dropped out of college i've made my fair |
00:19:07 | 00:19:11 | share of four decisions i've lost |
00:19:09 | 00:19:13 | thousands thousands tens of thousands of |
00:19:11 | 00:19:15 | dollars with bad business ventures side |
00:19:13 | 00:19:17 | hustles all i can say is that you must |
00:19:15 | 00:19:20 | always take massive action and i hope |
00:19:17 | 00:19:21 | that watching this video it can inspire |
00:19:20 | 00:19:23 | you like maybe i'm going to go out and |
00:19:21 | 00:19:24 | learn about these different side hustles |
00:19:23 | 00:19:26 | and want to find five or six that might |
00:19:24 | 00:19:28 | work for me and i'm gonna choose the |
00:19:26 | 00:19:30 | best one and i'm gonna put all my time |
00:19:28 | 00:19:31 | and energy and maybe a little bit of |
00:19:30 | 00:19:33 | money into learning that business and |
00:19:31 | 00:19:35 | just giving it all i have because a |
00:19:33 | 00:19:37 | couple times in my lifetime there were |
00:19:35 | 00:19:39 | times where my back was against the ball |
00:19:37 | 00:19:42 | i was down i just thought nothing was |
00:19:39 | 00:19:43 | going my way and i could have gave up |
00:19:42 | 00:19:45 | but i kept going and i kept pushing i |
00:19:43 | 00:19:47 | think that's the case for any business |
00:19:45 | 00:19:49 | out there that if you stay consistent |
00:19:47 | 00:19:51 | enough great things are gonna happen |
00:19:49 | 00:19:53 | anyways i hope this video inspired you i |
00:19:51 | 00:19:54 | hope that you enjoyed hearing my story |
00:19:53 | 00:19:56 | and hopefully it can inspire and |
00:19:54 | 00:19:58 | motivate you to go out and also |
00:19:56 | 00:20:00 | financially change your life so if you |
00:19:58 | 00:20:02 | enjoyed this video hearing my story and |
00:20:00 | 00:20:04 | you got any value or inspiration from it |
00:20:02 | 00:20:06 | i would greatly appreciate it if you |
00:20:04 | 00:20:07 | smashed that like button if you have any |
00:20:06 | 00:20:10 | comments or questions regarding anything |
00:20:07 | 00:20:11 | i went over feel free to comment below |
00:20:10 | 00:20:13 | if you are interested in seeing more |
00:20:11 | 00:20:15 | content just like this on how you can |
00:20:13 | 00:20:16 | create an additional stream of income |
00:20:15 | 00:20:18 | online then make sure you subscribe to |
00:20:16 | 00:20:19 | the channel and i hope to see you all in |
00:20:18 | 00:20:35 | the next video |
00:20:35 | 00:20:37 | you |
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