I’d be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
@karenwilliams9653
6 ай бұрын
you should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a local or trusted online broker/plannner
@Donalddavies-gc9rb
6 ай бұрын
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 61 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an plannner to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
@kendavies8351
6 ай бұрын
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
@SamanthaSanchez-sj5el
6 ай бұрын
The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find her basic info on the web, she's a renowned advsor.
@kendavies8351
6 ай бұрын
thanks for info! curiously copied and pasted full name on my browser, spotted her page easily. lady actually looks very distinguished so I booked a call.
@walterromero6078
5 ай бұрын
My question has to do with how to raise funds for Note buying
@andreavandekleut6379
6 ай бұрын
I do eBay on the side and shop second hand items every day .and sell it on. I don,t make much though but it is fun 😅
@sylvegas
5 ай бұрын
One of the best videos so far on how to start your own business, hustles, from scratch. You were right to the point, great recommendations!
@JudithWagner-m3h
2 ай бұрын
As soon as I watched this and a video before this, the statement you made in "this is what matters' is exactly WHY I have delayed in setting up my side hustle. I have some experience in tax preparation but for me only and I knew there was a way to set up a business "the right way". I couldn't find it anywhere! Until I cam across you, and others on KZitem, but yours was what I was looking for. Made sense to me, I knew there was a way, thank you for providing this. I am now just forming my LLC to start at the beginning of next year and set it to become a S Corp at this time next year. This was my major obstacle, I needed the formation before I started! I may have wasted 10 years but it matters without screwing yourself up! Especially with the IRS. Like you said you need a CLEAN Entity! Thank you so much!
@taxcodeadvisors
9 күн бұрын
What kind of business are you in?
@jackievaldez4785
5 ай бұрын
This is way too Boring, too Long, & too Complicated! Keep it Simple! KISS
@tomdixon1213
3 ай бұрын
Keep it Short and Simple: KISS. I agree.
@kkeegin
5 ай бұрын
Little Red Book of Selling: 12.5 Principles of Sales Greatness. This is the holy grail to learn how to sell any product.
@TonyOliver201
6 ай бұрын
What's the most common winning investment strategy for a new beginner, with more or less than $5,000 to invest?
@ReedMyresDavid
6 ай бұрын
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
@ReedMyresDavid
6 ай бұрын
Mrs Nancy Williams Laplace
@ann-ie4hc
6 ай бұрын
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
@SC-4rqub
6 ай бұрын
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
@rk0l59hs-6g
6 ай бұрын
Isn't she the same Mrs Nancy Williams Laplace that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.
@NicholasClones
6 ай бұрын
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
@liammason1303
6 ай бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
@RyanEthan-wl9zt
6 ай бұрын
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states..
@williamjohnson88
6 ай бұрын
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
@jennisonspolly5120
6 ай бұрын
I'm new at this, please how can I reach her?
@SteveLorenzo794
6 ай бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@nancylewis9853
Ай бұрын
I agree with a lot of the info you share but to say that a Realtor doesn't have overhead is the stupidest comment I've ever heard! We in fact do have employees, and advertising, required dues and licensing fees, brokerage fees, continuing education, signs, lockboxes. E & O insurance, travel, gas & auto expenses... just to name a few.
@DarlingtonEmmanuel-xe6ri
6 ай бұрын
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
@Henrygeorge67
6 ай бұрын
Wow that's huge, how do you make that much monthly?
@DarlingtonEmmanuel-xe6ri
6 ай бұрын
Devion Jane expertise is truly commendable. She has this skill of making complex crypto concepts easy to understand.
@Christianbayloncruz
6 ай бұрын
Woah for real? I'm so excited. Devion Jane strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
@Cynthia9291
6 ай бұрын
I'm new at this, please how can I reach her?"
@DarlingtonEmmanuel-xe6ri
6 ай бұрын
she often interacts on Telegrams
@THEBASEMENTBEAUTY
6 ай бұрын
How long you can try it out, before to set up an LLC?
@Magical_Makeup_UK
5 ай бұрын
The trouble I’m having is I cannot get my products seen - if no one sees no one knows they exist- I post on socials but only a handful of orders every day it’s very demoralizing
@AmyMize-o3m
5 ай бұрын
Yes I want a side hustle that isn’t illegal lol
@stevenreid_youtube
6 ай бұрын
Great insights. The emphasis on clear communication, structured training programs, and strategic business structures perfectly resonates with our goals. The practical advice on spousal compensation and simplified business planning offered a fresh perspective as well.
@jerel2119
Ай бұрын
Love the information on your videos! I am in a career transition to become a licensed CPA. I was wondering about becoming a bookkeeper while waiting to take accounting classes, good idea or not? I also wanted to know what is the best way to become a forensic accountant? Is it via a government agency? Last, how could I be a CPA that works with you and your group? I know it’s a few questions and really appreciate what you do but thanks a lot
@booie291
Ай бұрын
Mark, the first question I have is that an alien space ship behind your head? 😅 I'm new at real estate tax deeds and liens, got my LLC online but now your making me second guess my decision because it's not in my state.
@Naturalsoaprecipes
5 ай бұрын
I loved this Video Mark, thank you,amazing advice, I am currently at Level 2 and ready to scale 🎉. Im happy im in the right track 😁
@JudithWagner-m3h
2 ай бұрын
When do you suggest to change from LLC to S Corp ? Immediately after formation or when? I heard you say you have to time it right, when do you suggest?
@MrEvanBacon
Ай бұрын
man I wish I had been here for the live broadcast.
@angiemowery-bemus9886
Ай бұрын
I have about 3 side hustles but am not charging anywhere near what you say. My market does not support 3x cost of labor.
@almacastillo7907
5 ай бұрын
It’s exciting to run a small business. The only challenge for side hustle or small business are now required outrageous insurance. The premiums are way too high. I had to quit my cleaning business due to the insurance requirements. The first insurance audit was horrible. I was required to pay an outrageous fee.
@uninsurable9028
5 ай бұрын
I just sold my business. Taxes, taxes, taxes, insurance (and yes audits), bookkeeping, marketing, trying to find workers. It’s never ending. It’s actually easier to do the work than be the owner. Lesson learned.
@fahimaethakhan8288
5 ай бұрын
Execellent video 😊 enjoyed the content and looking forward to apply it. Specially 1 pager. Lol
@thesunderidge
6 ай бұрын
My side hustle is level 2 and I need your help getting to an S Corp and putting a plan together. I herd you say a couple times call my office what is the number and who should I speak to? Thank you in advance
@traemcpherson7266
5 ай бұрын
You may have just changed my life with this video. I need to make a business plan for two business ideas that I have. - Wooot! I may just use your service. This is awesome.
@iriamrivera2018
4 ай бұрын
You were defintely meant to teach. This video is excellent.
@brigidtaylor5320
5 ай бұрын
Is this just for the American market?
@isaacperez3146
4 ай бұрын
Why he doesn't like zelle?? Anyone here know??
@MichaelGuziak
5 ай бұрын
>> **SO THANKS... BYE ,, BYE AND GOOD LUCK....
@lenderzconstable
5 ай бұрын
Nice I just discovered your channel. Subscribed.
@Justin-General
Ай бұрын
Does it make sense to run your market trading through and s corp?
@kerrybaird739
6 ай бұрын
We did this all backwards. Bought rental houses while in the military. Started running AirBnb from 3 of those houses. Taxes are going to be crazy when I sell the houses. I didn’t realize STRs were an operational business.
@Toby-WanKenobi
6 ай бұрын
Oh yes they are! It takes work to manage these guys, and a definite granite stomach. Taxes might be crazy, but why sell? Survey areas, 1031 exchange, and kick the tax can down the road. Always preserve your capital.
@alpez38
6 ай бұрын
Scaling is where I was stuck! It was just me providing a service and I eventually got exhausted and lost market share. Now I have to build it back up.
@uninsurable9028
5 ай бұрын
My business was growing when both of my employees had family emergencies and left for an extended period of time. I had to stop growing for like 6 months. I know you have to have employees to grow but it’s tricky.
@ettenaejodeveca6707
5 ай бұрын
Bootstrap marketing is the information I'm looking for. Who has money for marketing? Everybody has their hand in your pocket when a small biz/side gig is trying to make money. Further, everything is illegal: door knocking, handing out flyers, selling your product on the street corner..... so annoying. Please help me get around that. GREAT video btw.
@lorinal5544
5 ай бұрын
Thank you for sharing
@EpiphanysFaithPolitics
5 ай бұрын
I'm only half way through but haven heard about insurance coverage so far to cover your business if anyone gets hurt etc.Great stuff but This video is on a to be continued for me. Lol
@CoryBoudinot
5 ай бұрын
Can be recipe advisory ...? And just get a minimum tip like Trump change 10 cents
@taranehrohani
5 ай бұрын
Mark you’re absolutely inspiring! Thank you for sharing your expertise and helping people like myself/newbies to gain confidence and have a positive mindset towards the structural aspect of a business, which could be daunting and a cause to procrastinate. I am curious, do you also offer services in Canada?
@mescobar466
5 ай бұрын
I am about to have an appointment for a possible franchise. What is your opinion over purchasing a franchise if I just retired and want to build income
@telefrk49
5 ай бұрын
Just discovered this amazing channel, and wow! I have been trading options ( actually only selling options ) and is has been super lucrative, but man, the taxes. I am wondering of i can somehow change it up where i can somehow form a business around it? Thanks for the great info!
@MichaelaHartery
5 ай бұрын
Would you consider a property management company a Level 2 side hustle? An S Corp or LLC? Thanks Mark!
@doomsdaypreppersofsouthcar9301
6 ай бұрын
Meta is paying me to post pictures..get likes...shares...comments and it's exploding..going off the chain.. but have nothing to write off...all i use is my phone. I need another vehicle but how in world could i write it off??
@zimamassagetherapy7090
5 ай бұрын
OMG!!!! I AM So Grateful that the Universe saw fit to have you come across my Timeline!!!! I’m in Dallas, Texas; I NEED one of your Professional ASAP!!!
@pamwaldron3504
5 ай бұрын
Funny how side hustled side gig are used to describe moonlighting - the second job or business we did after our day job aka 9-5.
@ronnie_o
5 ай бұрын
Great content!! You remind me of this attorney from California I use to catch on the radio, a very funny and sarcastic attitude but great advise. Keep it up sir!
@Cubano1986
5 ай бұрын
Thumbnail skips step 2 ::underpants gnomes enter the chat::
@sarahlynn22
6 ай бұрын
Also any advice to us crypto people who got serious capitol gains taxes from last bull run that we need to pay off now? I'm on a payment plan lol. It's not fun.
@LalaB-sq6so
5 ай бұрын
Hi guys I don't see the link for the audiobook .. pls help a blind person 😂
@sina8819
5 ай бұрын
Just wanted to say I really enjoyed this live and thank you so much for sharing! ‘Let’s find the thoughts that give us the right feeling’ ‘Measure your success with people you impact’ ‘Let’s not kill ourselves emotionally’ love all what you said!!!! ❤❤❤❤
@johnwoodlock1741
2 ай бұрын
Love it thank you so much for all your help and support. 😊
@THEBASEMENTBEAUTY
6 ай бұрын
What about if you are a fashion stylist? Use the watch to upgrade a look for a client? Can you deduct the watch?
@JudithWagner-m3h
2 ай бұрын
Office Equipment! Smart Watch write off
@tamaraledo2999
5 ай бұрын
I believe I have a very good product and need an Angel investor.
@AliyaQizilbash
5 ай бұрын
Do you help American citizens with Foreign wages and assets
@jpim1234
6 ай бұрын
F'n Gold!!! Great video.
@IceCold-sy2ox
5 ай бұрын
Wow this is great you have a KZitem channel.
@Princess_karen
5 ай бұрын
I am 67 and working 2 jobs, still not making enough to live on. Live in a low paying area and have very little education. I feel like I am drowning in debt and working all the time. I pour every penny on my debt and what is left over I eat as little as possible.
@JodeeWalton-n2b
3 ай бұрын
Read Rich Dad, Poor Dad. The four hour work week. The richest man in Babylon. That will get you started. Then read more. Selling time for money only goes so far. Your education level doesn’t mean anything anymore. Highly educated people are smarter than eighth grade educated people these days.
@sarahlynn22
6 ай бұрын
Mark this was seriously so helpful! For your next scaling video you were talking about can u talk about if we should hire IC or employees. I have a pet sitting LLC. I have one IC and I want to grow and expand. We made 50k together last year. Thanks!!
@Starfish2145
5 ай бұрын
Don’t ever have employees. You will have to pay their Social Security taxes, and you will be responsible for providing Worker’s Comp. and health insurance.
@NinaRoseTreasures
5 ай бұрын
I started with the cart first...Thank you!
@hildacorea
5 ай бұрын
What is the BEST state to reside in to protect ones assets? Im 65 and leaving commiefornia.
@tomdixon1213
3 ай бұрын
Go to a state with no income tax, but watch out for other taxes. For example, Texas has no income tax but their property taxes are higher.
@CoryBoudinot
5 ай бұрын
Can be recipe advisory ...? And just get a minimum tip like Trump change 10 cents
@CoryBoudinot
5 ай бұрын
O fix it's her and again
@CoryBoudinot
5 ай бұрын
Bag are cups?
@queandrus9489
5 ай бұрын
Chainswap CSWAP. !!!!
@lingmingching1
2 ай бұрын
Thank you, Mark!
@loucinci3922
6 ай бұрын
Enjoyed the video. Thanks for sharing
@EmilyCarter-jy1wu
6 ай бұрын
The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I should be
@StephanieTroy-dp5gp
6 ай бұрын
Have you considered getting a financial advisor? They could help optimize your investments.
@EmilyCarter-jy1wu
6 ай бұрын
Hmm, who do you use?
@YvonneHite-u5f
4 ай бұрын
Thanks for sharing
@jfarrar231
5 ай бұрын
All i hear in this guys voice is Dave Ramsey and i dont like that guy but for some reason i like this guy. 🤷
@jfarrar231
5 ай бұрын
Dave always calls people stupid and talks down to people. I don't like that.
@reignitecandleco8368
6 ай бұрын
Great information! Thank you!
@heathdunn1999
6 ай бұрын
ADA=Cardano
@morpheus6749
6 ай бұрын
38:02 --> Gene Hackman
@astatine0085
6 ай бұрын
But those crews can do their own side hustle.
@savine_designs
5 ай бұрын
Very true definitely, but some people dont have that vision, motivation or simply want s stsndard 8-4 job and go home.
@rosemariestef7538
5 ай бұрын
Thanks
@queenpoppy5560
5 ай бұрын
Great Video!!!
@MutantDustBunny
5 ай бұрын
I'm coming out of retirement to work on my legacy project. I found this video very inspiring and I will be sharing it around. Thank you so much, I have listened to this a few times and will probably listen a few more times as I put these steps into action. THANK YOU!!
@roadtosupreme
2 ай бұрын
this guy watches too much ramsey
@thisisatrium
6 ай бұрын
Please don't use the word "ghetto." It's low class and a bit insulting. I love you videos. You've taught me so much valuable information. But you using ghetto is beneath you.
@weekendatbernies2265
5 ай бұрын
Ghettos are Real. So are Favelas What would you have us call it???
@Starfish2145
5 ай бұрын
He can say whatever he wants
@thisisatrium
5 ай бұрын
Saying something IS ghetto is different than taking about an actual ghetto or barrio, or favela. That being said, what is he implying when using ghetto? Was he talking about a location or something else.
@Bud88883
5 ай бұрын
IT'S A SCAM!!! DON'T GET RIPPED OFF!!❌❌❌❌
@EpiphanysFaithPolitics
5 ай бұрын
A.. Decide Level 1 Side or 2 B.. Development Level 2 while using Level 1 C. Write a BusinessPlan 1. What am I going to sell? 2. Who will I sell it to? 3. How much will I charge? 4. Whose my competition? 5. Who will I get to produce it? 6. What will it cost to produce or make or get started? 7. How am I going to sell it? Marketing Plan? 8. Who am I going to get to produce it? 9. What's the time line? D. Determine Gains (Self Fund, Angel Investor, Partners, Lenders etc no Investors) E. Structure? A Sole Prop or B LLC later SCorp -EIN, Bus Bank Acct, BLI report in 90 days, Corp Book, Bank Packet, Payment Platform, URL coincide with Business name F. Marketing-logo, website,paid ads, social media, networking on-boarding, etc
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