How to Build Wealth (the Right Way)
Вставка
- Опубліковано 28 чер 2024
- In this video, I talk about my personal journey towards financial freedom, and how you might want to get started on yours.
The 4-Hour Work Week by Tim Ferris
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The Almanak of Naval Ravikant
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Things I Use:
Silhouette Cameo 4
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Canon G3260
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Sticker Paper
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Dymo Label Writer 450
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Rocket Blower
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UA-cam Camera
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UA-cam Camera Lens
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Amazon (CA): amzn.to/3nXALQM
*Above are affiliate links
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Keep in touch!
/ imtimkoa
/ imtimkoa
hitimkoa (at) gmail [dot] com
I realized after editing this video that all my examples were UA-cam channels, but if you want to build passive income these days, there’s a lot of other ways to do it. You can start a blog, podcast, write an ebook, teach an online course, write an app, sell physical/digital products with e-commerce, and more! Can you think of any other ideas for an online business?
how are those passive?
@@uhhTabby maybe I don’t! I define passive income as income earned where inputs are disconnected from your outputs. For example, you make a UA-cam video once and you gain Adsense on that video forever, you write a book once and you gain sales income on that book forever, you write an app once and you sell it on your website forever.
Once the work is done upfront, income earned is passive. 1 hour of work doesn’t equal 1 hour of income anymore. How do you define passive income?
Just noticed you are at 27K subs now🤯🤯. Felt like you were at 3k last month!
This channel is growing ridiculously fast, it was just at 10K a week ago wtf.. this guy is going to make it 🙌
Man, you are the type of person that I would want to be really good friends with irl.
You’re well-spoken, a good thinker, and an engaging teacher. I appreciate your videos more than you know.
I quit my soul-sucking job and dove headfirst into the scary world of being self-employed, and upon discovering your videos I found the courage to start my own side hustles.
Please keep doing what you’re doing. Your shared knowledge may be a huge blessing for more people than just myself.
I quit my Job too. I’m a developer & want to sell my stuff digitally. Also, I want to sell stickers. I followed his advice for a tank printer & a silhouette cutter. The first stickers I gave my daughter she sold them for a few dollars so, she’s got the right idea lol 😂
How are you doing today? I’m in the same journey!
Not only does Tim give us loads of helpful information but can we also talk about how good Tim looks and how his voice is calming? Literally, I could listen to his 10 hour podcast and not get tired of it. I can confidently say that he is an ICON, he is the MOMENT and he is a LEGEND. Keep it up!
Love your calm energy and good insight. Starting a UA-cam channel seems to be the path to having some sort of passive income… but not everyone wants to be on camera… i wouldnt know what to make a channel about
Tim, I hope you're doing fine. I reduced my subscriptions to only 10 creators a few months ago and you're one of them. Not even because I aspire to be on Etsy, but because I want to "follow" you as a person and see you grow. I hope that you keep on creating. :)
Really enjoying your content Tim, I’m struggling to make my parents understand that a “regular job” is not for me; I hope I can prove it to them using your tips and grow my wealth long term 👍🏼
Thank you for being positive and enccouraging. I'm still struggling to get my shop off the ground, so your content is helping me keep going.
I love you videos man, I want to start an etsyshop and so I came over your channel. Since then I’ve watched literally all of your videos within a week, and just love your style of talking and explaining, but also the simple and clean video editing with the chilled music in the background. Keep it up! Greetings from Germany
I am taking steps to building my income streams now with UA-cam, coloring books and pages on Amazon KDP and Etsy. Trying my best to improve my work quality ☺️
hey tim, i found your channel some days ago and really like your calm and honest way of sharing your entrepreneurial journey. i saw your last video is a while ago, looking forward to hear your updates. best wishes from germany!
As soon as you know which way to go, you start walking and in this process consistency is the key (with working on improving your skills, adding knowledge to what you already know, seeking useful information, developing) 😇
Thanks for this video and the suggestions.... I totally agree with the Passive Income idea... my goal is to have all my income made from the internet so that I can "work" from anywhere and not trade my time for money.... We can definitely do it with the internet... what a magical time we live in.
Hey Tim, its good to see that you are always smiling in all of your videos. You have a very positive vibe 😄👍
This has become one of my favorite Channels on UA-cam. Thanks for the awesome content
I really appreciate the unpretentious way you share wisdom. The opportunities available since the advent of the internet are amazing and still underestimated by a lot of folks. When I graduated from college 30 years ago and wanted to make a living as a freelance artist, it was very uncomfortable for my well-meaning parents and grandparents. That's still true today I'm sure, even though there are more ways than ever to make a good living without sitting in a corporate cubicle! Thanks Tim.
Yes the internet can make you $ if you know how it works. Not just UA-cam but you’re right about blog, classes, even crafting virtual zoom classes because people want to hang out with each other while crafting. I got asked to do virtual classes but I’m not sure how to go about it yet. Maybe in the future because I still want to build a bit of following first and decided what I can teach.
been wanting that financial freedom ever since. since the pandemic hit, life just turned around and i had to find ways to earn online. i'm quite thankful that we're are all in this online digital age which gave us the possibility to explore opportunities to earn online. really enjoying your content. keep it up! =))
I absolutely love your channel!!! You are so calm and smart, and i like the way you explain things :)
Thanks for watching :)
I just started to build my wealth, so looking forward your videos around this topic!
New subscriber here! I've been working on building passive wealth for a couple years now. It is slow growth, but nonetheless it's money im able to make while i'm at my part time job. I appreciate the authenticity in your content and the honest progression of all your efforts! Really encouraging me to continue! Thanks!!
Being rich is having money. Being wealthy is having time. Time is money is actually the opposite. Money gives you time aka freedom for what you want to do. Great video! Subscribed.
Side note: I’m so happy your UA-cam channel is growing!! Well deserve
Thank you, your video is encouraging and kept me concentrated to my wealth goals. 🔆
Love your content, and that you're always smiling. Keep up the great work.
Thanks for watching :)
I love the transparency of this video. He's literally drop dead honest. And the iron man helmet on the shelves... I think we got a lot in common 😂
grateful for these tips, thanks for sharing your journey with us!
Love your mindset!! Can't wait to see your journey. New subscriber 🙋🏻♀️
these are simple concepts, but they are great reminders
I think my happiness would come if I could find a way to work to make others happy
I love your videos so much... you are my inspiration
wow you jumped in subscribers from your last video, keep it up. I love your content.
Dude, you're literally MY inspiration
I'm about to reach my 20s
I never had a job because of my crippling anxiety. I'm not going to college as the only thing I would've done is get a major in art and that will just be an expensive coaster ( Sorry for offending art students :< )
I thought being successful means being a doctor, living in the riches neighborhood with the biggest house. I felt hopeless, but seeing these sticker shop videos and your videos especially, had me start thinking big. I started flipping stuff and I was able to get the materials I needed to start my business. I felt happy, I don't have to waste hours of my life doing something I hate just for money.
Even if I don't become the next Tesla or Apple, that never mattered to me in the first place. I get to sell my art and do what I love. It brings me joy thinking of having my product on someone's phone case or cup.
I really just want to thank you so much, I would've gone with the route of working at a 9-5.
Your channel is growing so fast!
awesome key points and advices! thanks so much!
Insane content! The goat of this year?💯
Glad I found your video’s !!!👍👍your good at explaining content 💯💯💯💯💯
Hi Tim, cannot find your sticker store on etsy. Please post the link.
Wow! Hit home on so many levels. I have definitely found that I am an emotional spender. I tend to think an object is going to make me happier or more fulfilled. Your example was perfect. I would love to share things on UA-cam to help my business, but being an introvert stops me in my tracks. I’d love to hear your advice for even starting a UA-cam channel and if you have reservations, how do you get over them? Is it just confidence?
Honestly, I still struggle with UA-cam! Im an introvert too so making videos, talking to the camera, putting myself out there is still super hard. The best way to figure out if you can do something is just to try it!
This is such great advice for people...thank you for sharing it!
Thanks the book recommendations! 📚🤓 I’ve never heard of the second one!
Your videos are very motivating. I'm thinking about selling prints/ posters on etsy from your etsy sticker store videos. I've always been thinking about ways to start a business but never realised you don't need a lot of money to invest in your ideas.
The YT algorithm really likes you these days, I keep seeing you on my homepage. Great content! About to start a YT channel myself. Hoping for the best :]
Oh, and congratulations on hitting 21.8K subscribers :]
Thanks for the comment Aaron! Wish you the best on your channel! :D
That’s right! All the successful people who became wealthy that l know are the most compassionate people who really care about others than money followed. Basically, putting people first & look out for their interests then they come back to you over & over to do business…
I've been thinking about that part where you really want something and you save up for it and when you finally buy it and have it in your hands it doesn't bring any fulfillment or happiness. What if happiness actually comes from the effort we put in and the desire to achieve said goal? What if instead of actually spending the money we've saved up for said goal, we save it for an even bigger goal and so on and so forth? Maybe make a list of things we think we need and once we have money for it we put a check mark on it and be satisfied at that then work on the others in the list. Could make for a good experiment. 🤔
I’ve found that as I’ve gotten older, physical things just don’t bring me happiness. It’s hard to do, but I have to keep reminding myself of this every time I want to buy something. I don’t remember where I read it, but the quote “Not wanting something is as good as having it” is true in so many ways.
Great idea
I absolutely love your video's :) Your voice is so soft and somehow calming. One thing I noticed is that you say ''so yeah'' and ''but yeah'' quite often. Try to minimize that, makes it more natural to listen to ^^
I’m actually reading ‘The Almanack of naval Ravikan’ and weird how universe works this way ✨❤️ great video as always :)
It's an amazing book. Naval Ravikant is an amazing thinker!
Great Job Tim you've gain a new sub!
I love your channel!
Can you make a video on how you make a video? Lol would love to know your process on making this video. It’s perfect! Great job!
Tim, my man you’ve grown your subscriber base so much in a short time! I’m super happy for you!! Well deserved and again - quality content as always, thanks👍💜👏
watched the video to the end great book recommendations XD love your content
Hey Tim. Do you have a course? I am really desperate to get started. I’ve been burned with courses before and so enjoy your content!
Great Video! You really make great points! i didnt attended college because it was just too expensive and it wouldnt help me make money. But finding other sources to make money such as, investing helps. But as of now, UA-cam is something am working on because i honestly really love what i do. I dont make money on it, but hopefully it becomes my full time job.
My Dad used to say...it's not how much money you MAKE, but how much money you KEEP that matters.
let's take a step back ever once awhile & really listen to the the lyrics of Imagine & because time is so precious
Hey Tim, please answer. How many different stickers did/do you sell in your etsy shop?
Thank you so much for documenting your journey through these videos. They've been a huge source of education, motivation, and inspiration for me to kick off my own Etsy store (currently rebranding). By the way, if you don't want that Pichu, would happily take it off your hands. :P
Glad to hear you're getting value from them, Mina! Thanks for the comment, but I'll be keeping my Pichu! He's just too cute :D
Great video keep it up :)
I love your business idea, and am really impressed how good it works for you. But I’m still wondering how you make people buy a sticker sheet for over $10, is it just an really good design you sell? Or what helps you get customers?
Greetings from Germany
While I agree that spending money does not create happiness, it CAN reduce unhappiness. I call it Strategic Spending. Example: all my measuring cups are now silicone and collapsible. This means that they don't take up as much space, the sizes won't fade (they're also silicone), and they shouldn't break. Second example: my spray mop is Rubbermaid brand. It is wider than the Swiffer brand, the bottles are refillable, and the spray trigger is higher quality. Spending just to spend is ridiculous, but it is important to know what matters to you in a product so you can get a version that suits you best. Sometimes that means spending a little more than you'd want, but saving for a better product is smarter than paying for a cheap quality one. (But hey, if you can find an inexpensive version of a quality product, that's great!
good content!
Really enjoy your videos.
Today Etsy changed the way we see the data from our Ads. Have you seen this yet? I can’t seem to find a way to see which listings specifically get views or clicks.
It’s replaced with a graph that shows just a total of combined ad views or clicks. This is terrible.
You need to make a video about how Etsy removed phone support for Sellers and now also Buyers.
It’s great to make these videos but maybe about other platforms also. A lot of people get burned by Etsy.
For new videos you upload, can you keep recommending books at the end from time to time? Appreciate that.
Hi Tim, came across your channel a few days ago. Just wondering what you think of Printify and Printful when come to producing stickers. Since they seem to cost more. Thank you.
and its has been 4 months without ur videoooooooo we want more ur videos
Love you channel, great advices, i wish italy could gave us those same opportunity.. This is why US is Us… and why Italy keep wasting talent .. maybe i’m wrong but it look like anybody can ‘’dig themself out a bad financial situation’’ just being motivated in the us.. starting your own business with almost no investment if you can be smart enough , and THEN pay taxes base on what you earn… here we must to ‘ pre-pay taxes’ in some way just to be aloud to sell.. no matter what you sell, it will cost you 1000’s and 1000 of euros for 1 year,and you must do that before you start the business to follow the law correctly, no matter if you earn a cent or nothing, you have to pay … we appear too often lazy.. but we are just trapped as slaves under too many politicians, if you have been born among the poor here, you can only born poor and die poorer .
Which do you make more from? Stickers or UA-cam?
I hesitate to write this comment because I don’t want to make you self conscious, I just notice when I’m making videos that I say random filler words that don’t need to be there or don’t even make sense in the video. Yours is “so yeah…” or “but yeah…” or “and yeah…” You probably don’t even notice it but you say it a ton. Just trying to give a little constructive criticism, not trying to be hurtful at all. Love your stuff man!!
There are so many ideas I’m extremely interested in but I just still find it hard to do THE ONE ☹️and I’m so anxious and stressed because I want to make it work so I can be with my son till he’s 4 and goes to school but I recently started to tell myself I need to slow down and try one thing a time and even if I go back to work I can always just leave it once something or many things work out for me to the point where I can leave that job, I wanna spend time with him and never be gone because my brothers and I never saw vacation or spent time with our parents because they work so much, practically slaves ):
Can we get those affiliate links for the books you recommended? ☺️
Hey Tim are you from Australia?? LOVE YOUR VIDEO
hi, I am toma, I want to start my own sticker business and I love ur videos i watch them and listen really carefully.
i just have a favor. can u make video where u explain how to start and what to buy step by step.
Ad sense money goes bananas
The great news is that there are more options now than before to work smarter. The tough part is making a choice.
Please give an update on how much you now make on UA-cam. Just watched your video in which you disclosed your earnings at around 4k. Can't wait to see where you have reached now.
I like you making media on youtube.
🗣️And please don't be offended if you own a Gucci wallet 🤣😭😭😂 I love this channel
Waiting for some fresh video to drop. Will there be one soon, Tim?
Im taking a little break from UA-cam to focus on the business. Be back soon :)
@@TimKoa you okay? Noticed your last Instagram was Arceus and thought I’d check. We didn’t lose you to collection of Pokémon did we? 😅
“Regular amount of rich” 😂
At least the graded pokemon card is an investment that can increase in value.
Work smart if you can double your 0.01 in 30 days see what happen. Invest in stock, buy low and sell high, repeat.
Or Regular Tim puts the $1,000 into investments so that $1,000 grows ;-)
Tim: "Don't buy things that don't bring you happiness."
Me, an intellectual: "Of course not."
Tim: "For a long time, the only thing missing in my life was this Pichu."
Me, an intellectual (with 8 Base Set PSA 7 holos on their way to my house right now): "Oh no."
Thanks for the book recs though. Picked them both up through your links. Enjoy that sweet, sweet affiliate dollar.
Key take-away: If you have a Gucci wallet, you really have nothing. HAHAHA! Tim: "Don't be offended". The guy with a Gucci wallet: "Shut up B***h, before I knock you out with my empty wallet!" 😆🤣😂
uber drivers in LA make 8-10k a month so it can be a lot more than extra money lmao
*$52,000* *on* *my* *dashboard...,* *its* *so* *obvious* *crypto* *trading* *is* *only* *profitable* *by* *efficient* *professionalism.* *I* *speak* *for* *everyone* *when* *I* *say* *"thank* *you* *Sir.* *Nicholas"*
😇🙏 💰
@Profs. Kauser mining takes lots of knowledge and experience to earn good profits, I made £82,000 from both mining and different strategies of trading. Although I don't trade on my own; I trade with help from a professional broker *Sir.* *Nicholas* *merten*
Trading crypto now is really profitable, but trading without a professional is really risky.
十𝟭𝟴𝟯𝟭𝟮𝟳𝟱𝟳𝟴𝟴𝟲 ▆ ▇ ▆ ▇ █
Investing in Crypto should be on every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Most intelligent words I've heard
Crypto is the new gold
I wanted to trade crypto but got discouraged by by the fluctuations in pride
That won't bother you if you trade with a professional like Mr Joshua Mayo
I heard that he strategies really good
My wallet hurts
Staying single is key to building wealth. Women distract you and make you sign up to nonsense.
The opposite applies as well, just different.
great video as always, Tim! Check your business email ;)
Hey Tim, loving your extremely helpful videos! Could you share the name of your sticker shop, I'd love to check it out and buy something to show support 😄🎉 I've checked your other videos, instagram, twitter, and googled your name but couldn't find anything at all.