[Music]
multiple streams of income is a big
[ __ ] myth if you have not watched my
video on multiple streams of income make
sure you click on the I icon and watch
that right now now instead of talking
about multiple streams of income today
I'm gonna teach you multiple ways of
getting paid in fact I'm gonna teach you
seven ways that you are paid in life
ninety seven percent three percent
ninety seven percent of population are
dead or dead broke by the age of
sixty-five only three percent succeed
financially the 3% and the 97 percent
the ways that they are pay in life are
very different so let's talk about the
first way that you are paid in life and
that is pay per hour that's right you're
getting X amount of dollars for every
hour that you work for every hour that
you contribute your time example you
have you're working at a fast-food place
per hour you are lifting boxes they're
paying you one per hour usually people
that get paid per hour
are lower income earners the second way
you get paid is pay per week or pay per
bi-weekly or pay per month we call that
a what a salary right every single week
or every two weeks every month you get a
paycheck that is a salary so you get pay
per month what's the problem was the
first two ways you see in the school
system and this is what pisses me off in
the school system they only teach you
how to earn and how to make money with
the first two ways pay per hour or pay
per week or pay per month they never
teach you the other five ways to make
money which I'm gonna teach you today
see the rich people they don't get paid
per hour they don't get pay per month
they get paid by these five other ways
so number three the third way you get
paid is pay per project
example as a consultant if you are
charging your clients they say a
two-month term a three-month term or a
certain milestone so in an outcome by
completing the project you get paid per
project for X amount of dollars so it's
a self-employed as a service
professional you can get paid that way
that's way number three the fourth way
that you get paid in life it's pay by
reoccurring I love the whickering model
all my students and mentees that they
know that I'm all about occurring what
can we do to generate more recurring
revenue with being the company so you
think about some examples in life
example could be a subscription model
Netflix it's a pay by recurring model
you're paying a monthly fee to have
access to movies from the comfort of
your own home your cable your internet
it's a we occurring model right they're
charging a monthly fee a data plan to
use your cell phone to watch TV that
it's a reoccurring model now why is
recurring so powerful because the most
expensive cell you ever make is the
first cell acquiring their customers
once you acquire the customer every
single time they use the service or they
don't use the service you will be
getting paid it's a very powerful
concept pay by whickering of a friend of
mine who runs a gym membership and he
would tell me he would oversell the
capacity the example they say this gym
could only handle 500 people he would
sell the membership to 1500 people on
recurring why because he knows most
people they buy the membership they
don't actually go there every day only a
small percentage of the people go to the
gym at any given time right and some
people they might sign a one-year
contract 2-year contract they go there
you know the beginning of the year
January they go there for a few months
life gets in the way they get busy they
don't go anymore but the gym owners do
getting paid we occurring every single
month so pay by reoccurring fifth way
that you pay in life and that is pay by
royalties
pay by royalties now what do I mean by
that pay by royalties example as an
author of written now 13 books there are
books on Amazon books on on my audio
books on audible.com every single time
someone maybe you're my fan of my work
you go there and you buy a book I get a
little royalty every single month for
multiple from Amazon that's paid by
royalties songwriters they get paid by
royalties movie makers sometimes
directors sometimes movie stars active
actress they get piece of the action
they also paid by royalties so think
about what are some of the ways because
when you are getting paid by royalties
even though I'm making this video right
now I'm getting paid even when I'm
sleeping I'm getting paid 24/7 just like
this so pay by royalties way number six
and that is paid by transactions pay by
transaction I want to think about eBay I
want you to think about PayPal I want to
think about Amazon every single time
there's a transaction that took place
they can they get pay a little bit of
money
these are MasterCard every time you use
your swipe that credit card every time
you use it they are not actually
providing any service except convenience
but every single time you use their card
they get pay a little bit of that
transaction fee then that's how they
make billions of dollars last way way
number seven you get paid by results get
paid by results as an entrepreneur we
get paid by results even though we have
an idea we spend months and years
working on it until we can produce
results in the marketplace we take it to
the marketplace and see at the
marketplace likes it and responds and
buys we won't know until we do it that's
getting paid based on results or example
and they say if I'm working with an
entrepreneur with a company example
let's say they are doing ten million
dollars a year and I want to help them
grow to 20 million dollars a year well
you can help them do that
I will
goes to a deal from 10 million never
than take you to 20 million I genuinely
ten million dollars in sales for you
with what I deal with what I know I
would get a piece of the action
that's get they say I get five percent a
deal
500k that I make that's get paid based
on the result you see the rich people
the three percent they get paid based on
them that need the five the last five
ways not the first two the 97% they get
paid the first two ways why because it's
not taught in school in school they
don't teach you how to generate
recurring income they don't they don't
teach you how to generate income pay
based on royalties so transaction on
results it is designed to keep you a
slave it's designed to teach you how to
get that pay per hour or per month or
get paid on results what does that mean
it means that I don't produce result it
means I don't get paid that's correct
that's correct all these five are the
ways royalties I will not get the
royalties if I don't spend months
working on the book it's a delayed
gratification transaction is the same
thing if I don't have a skill to
facilitate the transaction example
itself I'm a closer
I'm closing sales if I cannot close I
don't get paid transaction I don't get
paid a commission fee I need that skill
the dough to do that
royalties transaction all these
different things different ways to make
money to get paid
you won't develop you won't be able to
do that if you don't have the skills and
these skills are not taught in school if
you don't want to get paid like the
ninety seven percent and you want to get
paid like the top three percent click
the link below I'm conducting a special
two-hour master closet designed to teach
you some of these other ways to get paid
how do you get paid based on results how
do you get paid based on transaction so
there's no ceiling to your income so you
can make as much money as you want so
click a link below and join me on this
special class before
you go I want to leave you with one
thought and that is this rich people we
get paid before we do the work poor
people that get paid after they do the
work