Ladies and gentlemen, absolutely everyone wants to know how to make $10,000 a month as a student. The only issue is there’s a lot of BS out there, there’s a lot of misinformation, and there’s a lot of people making it seem a lot easier than it actually is.
In today’s blog, I’m going to break down the three main components you need to focus on in order to make $10,000 a month as a student. Now in this blog, I’m going to give you the three main components.
The First Component: Choosing the Right Vehicle
The first thing you need in order to hit $10,000 a month as a student is the right vehicle, and let me tell you what I mean. You see, the thing is, you need a means, you need an opportunity that is big enough but not too risky. You can actually achieve $10,000 a month as a student.
Now, I will say that $10,000 a month is possible, and I’m really not trying to be insensitive here. I understand that I was a fringe case—I hit $10,000 a month when I was 17 years old. But I’m going to talk about that a little later in this blog and how I actually got to that place. I hit $10,000 a month when I was 17 years old, and by the end of that year before I turned 18, I was hitting $30,000 to $40,000 a month.
So I’m speaking here from experience: you need a vehicle—a way that you can make that sort of money, but a way in which you’re not going to risk losing all of the money that you do have.
Why Trading Is Not the Answer
The first thing that I will tell you is trading is out the window. I’m going to be very honest with you. There’s a lot of traders out there that are trying to sell you BS because when you sign up with their little affiliate link and you get your $10 free blah blah blah, when you lose money, that’s actually where they make money. They don’t make money on the little $10 or $20 sign-up that they get when you join; they make money when you lose.
Starting a Lean Online Business
Even if you have $1,000, for you to take $1,000 and turn that into $10,000 or $20,000 in a single year is actually very difficult. However, for you to take $1,000 and invest that into starting a very lean online business, I mean by the end of the year, you’re talking tens of thousands of dollars.
The Second Component: Stretching Out the Timeline
Stretch out the timeline. And here is the very unfortunate thing about social media: you see, 20 years ago, if you were, let’s say, 21 years old and making $4,000 a month without having to go to a traditional 9-to-5, you would think that you are a king.
But we live in such a messed-up world where now you look online, and you think, I’m 21 years old, and I don’t work a traditional 9-to-5, and I have location freedom and time freedom, but I’m only making $4,000 a month—I’m not making $10,000 a month. And you feel depressed because of it.
Setting the Right Expectations
Many of you guys will try, and let’s say you’re giving your absolute best for 6 months, and if your expectations are, Oh, within 6 months, I was expecting to be doing $7,000 already, and you’re only doing $1,200 from your online business, dude, you’re making $1,200 online—do you realize how amazing that is?
When it rains, it pours, and by the way, that also applies negatively and positively in life. Usually, business works like this: you flatline for the longest time, and right as you’re thinking, Am I just going to be stuck here forever? it shoots up.
The Third Component: Maintaining $10,000 a Month
The last component to making $10,000 a month—and it’s kind of like if you’re running a marathon—I would much rather tell people, Hey, on Mile 18, that’s really going to be the tough mile; that’s really where things are going to get rough.
Making It an Identity
Once you get to $10,000 a month, it’s more than about making it an identity. It’s about making that your baseline. As I said, your financial identity is not what you’re aiming for—it’s where anything below that, you would just feel off.
