Building a Solid Foundation: The Importance of High-Yielding Earned Income for Aspiring Entrepreneurs
Starting on the path to wealth and freedom can be a daunting task. It requires careful planning, calculated risks, and a solid ground to build off of. You don't want to jump into the deep end without a life vest, as the saying goes. In order to win the long game of beating the matrix race, you must take calculated risks. Coming from a background in cybersecurity I am a professional at taking calculated risks to avoid failure and guarantee success. A lot of entrepreneurs will say "you must take risks" which is true, but the amount of risk you can afford to take is highly determined by how much capital you can afford to lose or what your fallback plan is.
The point of this article is to give you a fallback plan that is as solid as the earth you walk upon so you can take bigger risks without the potential negative consequences, or at least minimizing them. Because just becoming an entrepreneur in itself is a risk. So why not be more calculated?
When pursuing the path of an entrepreneur, it's important to keep in mind that your social safety nets may abandon you.
From personal experience and the experiences of countless other entrepreneurs, you can't rely on your family, friends, or even your intimate partner to support you. You're on your own, it's you against the world. Which is why you can't rely on them entirely, you think you can trust them to have your back and believe their love for you won't fail. But one thing that is gonna shock you is how many you thought has your back is gonna let you down during this journey. Even the ones who won't let you down can only be stretched so far until they just can't give anymore help because it eventually would be to their own detriment.
College is often seen as a requirement for success, but it can actually be a waste of time.
During the time you're attending college, you could be making money. Your professors are often broke, so why would you take their advice? On your path to getting rich, it's important to have a source of high-yielding earned income to fund your entrepreneurial efforts. This is something college doesn't give you, and if it tried to do so it comes with a high price "remember time is also a price to pay" which is priceless because your time can't ever be replaced and its limited, unlike money that can always be replaced.
There are only three categories worth learning that can quickly give you a high-paying source of earned income.
These categories are technology, medical, and trade skills. These fields have high employment rates, and wherever you travel to, there will be jobs available somewhere. Additionally, if you do medical or tech jobs, they can be mostly or entirely remote, allowing you to be nomadic. Being nomadic increases your chances of running into opportunities and meeting people you need to meet as an entrepreneur that could change your life.
Remember I come from a tech background, and in a previous article discussed how it allowed me to develop myself as an entrepreneur and even complimented the skillsets I needed as an entrepreneur. I also explained how traveling the nation gave me a solid understanding of how different the economy is in geographical areas and showed me where I need to be to grow.
These fields require very short-term schooling and/or simple certifications, which is a lot cheaper and quicker than college. Trades skills take longer to learn and often can't be done remotely. Once you learn your high-yielding skill, you can start the rest of the process of getting rich.
Having a source of high-yielding earned income is important because it acts as a fallback plan.
If an entrepreneurial project fails, you can always fall back to doing the job until you initiate your next plan. It also covers your life expenses while you build out the skillsets necessary to become an entrepreneur. Some skillsets will require cash to learn, and you can use your high-yielding earned income job to pay for it. The goal is to eventually have your skills as an entrepreneur coving part or all of your expenses. Which buys you time, so you can become time rich like in the previous article I discussed.
Than you can either quit your high yielding income job, or keep it because its more cashflow. But eventually you will want to quit your high yielding income job once you realize that 1 month of good entrepreneurial effort could yield you the equivalent of an entire year of high yielding income wages. That's when you become free, and utilize that free time to invest or learn more skills.
In conclusion, if you want to start on the path to wealth and freedom, it's important to have a solid ground to build off of.
Pursuing a path of an entrepreneur can be risky, and it's important to have a fallback plan. By learning a high-yielding skill in technology, medical, or trade skills, you can have a source of income that will allow you to pursue your entrepreneurial dreams while covering your life expenses.
Its good to have a coach, I wished I had one when I become an entrepreneur. I had to figure out most of what I know on my own. I would love to help you if I can, and you can book a 5 minute meeting with me below for free.
Key Points To Take Note Of
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If you're someone who is tired of living paycheck to paycheck and dreaming of financial freedom, there's a story that might inspire you. It's about how I became rich in time before I became rich financially. All these rich guys lie and say you need to be rich first, I am the only one who did this and turned it into a science for anyone to use.
Many people believe that you need to be rich first in order to become rich in free time. But that's not necessarily true. In fact, I did it backwards. I became rich in time before I became rich financially.
Why did I do this? I realized that I would never become wealthy without an high paying skill first. But to learn skills, I needed time. Time that my low-wage job could not afford me. So, I decided to minimize life as much as possible.
In order to learn skills that would transform into multiple high paying skills, I knew I needed time and a bit more money and an escape plan. I knew there was a way to hack my life situation to change all that. So, I decided to do something that gave me a competitive edge and allowed me to change the game for myself financially. I minimized expenses to maximize savings. Sold almost all of my belongings, keeping only my computer and mattress, and adapted to living without an air conditioner, even in hot Florida. I wore the same clothes and ate basic, healthy foods like tuna, eggs, protein powder, rice, and canned beans. Instead of owning a car, I used a small motorcycle that required no insurance and repaired it myself when it broke down. All I did was work, learn and go to the gym. A strong body creates a strong mind.
A man who needs no one can not lose, self sufficiency is freedom to choose. Jack of all trades, master of none. My fate I decide, when I am done.
With my job being a night shift security guard, I devoted my free time to learning my chosen high paying skill which for me was cybersecurity, among other things which would provide me with a high earning career path. With zero intention of using that career path as a lifelong career, but as a ladder in a long plan to an exit strategy to have the time to learn skills more and obtain multiple high paying skills. I became hell bent with as learning as many skills as possible to make me self sufficient. I knew I wouldn't be happy as a high payed corporate slave.
My job was a night shift job. No one was watching me at the job and no one ever came. So, I used that time to learn high paying skills. I was saving over 80% of my income because of my new lifestyle I created after I minimized expenses to maximize savings and had a plan to escape the rent trap forever by going completely off-grid in a camper van I was going to build.
I eventually built my solar-powered camper van slowly during the day until I finally escaped rent to live full-time on the road as a digital nomad. Now that I was free, but not yet wealthy, my cost of living was only $100-200 a month. My alternative way of living yielding a way to maximize my savings, free my time. More time is more time to get rich, more time to learn more skills.
The skills I learned in cybersecurity earned me thousands upon thousands, some contracts were 22k a month.
I than used the free time coming from my new minimalist lifestyle to continue using my high paying skill to give me earned income while I saved over 90% of it. I used my free time to travel and determine where the best place in the nation was for my next step to increase my wealth which I would do by purchasing appreciating assets, during my travels I built and sold multiple businesses off of zero startup capital.
Lets reverberate what I said, because you need to understand that getting rich is possible for you.
While being a brokie working as a security guard I saved over 80% of my income and had a plan to escape the rent trap forever by going completely off-grid in a camper van I was going to build. I built my solar-powered camper van slowly during the day until I finally escaped rent to live full-time on the road as a digital nomad. Now that I was free, but not yet wealthy, I used my high paying skill to continue to give me high yielding earned income while I saved over 90% of it and used my free time obtained from my minimalist lifestyle to travel and build multiple businesses also off of zero startup capital. And invested my profits into appreciating assets to free myself permanently.
However, it's important to note that this way of getting wealth is not for the individual who desires the high life immediately but cares more about maximizing time immediately. To me, the high life was as simple as a small cabin in the woods with internet or the ability to do and go wherever I want. But once I realized how much free time I had I used that time to become financially rich, due to simply having too much free time on my hands. I was so free, getting rich became a fun hobby that gave me something to do. It also became part of becoming the best version of myself possible.
The finished build of my solar power camper van which maximized my net savings and made my overhead near zero.
In conclusion, becoming rich in time before becoming financially rich is not impossible. It takes discipline, sacrifice, and a desire for freedom above all else. By minimizing expenses to maximize savings and living an alternative lifestyle, you can maximize your time to learn multiple high paying skills and build businesses that can eventually lead to financial freedom.
My life after escaping the matrix and doing whatever the fuck I want and answering to no one but myself and my own way of life.
Today, I'm addicted to the life of a digital nomad and investing my excess wealth into appreciating assets. My life is cheap and the amount I make from my businesses and earned income cash flow is nearly all saved. This gives me the ability to be completely free and do whatever I want.
If you're someone who wants to follow a similar path, I can offer you explicit instructions on how to do it. I'll be publishing a course and you can click here if you'd like to learn how to escape the rat race and be free. But before that, I invite you to sign up for my email list and follow me on social media. By doing so, you'll be the first to know when my course is available, and you'll also get exclusive tips and tricks on how to become rich in time before becoming rich financially.
Remember, this way of getting wealth is not for the faint of heart. It requires discipline, sacrifice, and a burning desire for freedom. But if you're ready to take that leap of faith, I'm here to guide you every step of the way. So, join my community, and let's start building your path to financial and time freedom together.
The final message that you need to hear but aren't being told....
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