Transcript
Venmo Advertiser (0:00)
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Travis Chappell (0:30)
You're listening to the Travis Makes Money podcast presented by gohighlevel.com for a free 30 day trial of the best all in one digital marketing software tool on the planet, just go to gohighlevel.com travis
Travis Chappell (0:44)
what's going on, everybody? Welcome back to the show. On this episode, it is just me, you, and the mic. And today we are talking about how to make more money this year. How to make more money this year. This is everything that the show is about because I found way too many personal finance people just yelling at people for spending too much money on Starbucks. And in my mind, the reality of the situation is if you are still worried about spending the $83 a month that you spend on Starbucks, then you're probably just not making enough money to begin with. You should be able to make enough money to be able to afford that fancy drink that you want so bad at Starbucks. So what can you do to make more money this year? First of all, it starts with this one fundamental understanding about the way that money works. And especially the way that you can decide how much your earning potential is. You cannot think about like, okay, let me say it this way. If you want to make more money, you have to stop thinking about the money side of it for you. You have to stop thinking about what's in it for you, and you have to start thinking about what's the value that you can provide to other people. It's not about the money that you make, it's about the value you can provide. If you have more value to provide, then you get paid more money. That's it's a simple value equation. More value equals more money, less value equals less money. And so the very first thing that you want to do in order to be able to be able to make more money is focus on your skills. If you're not making enough money, it means that you're not skilled enough to be able to make the money, if you're not living the ideal version of life that you want, it means that there's a skill that you do not yet have. By the way, this is good news, okay? This is very good news. This is not bad news. Because the good news is almost everything is teachable and you can learn almost everything. So if there's something that you want to do, then you just go learn to do that thing and you learn to do it better than most people. And then you will get paid better than most people to do that thing as long as that thing is also something that's in demand. So this is why. This is why manual labor, like mowing a lawn doesn't get paid that much money for the hours that are put into it. Why? Because I learned how to do that when I was like nine years old. If you can teach a nine year old how to do it in an afternoon, then it's probably not that monetizable of a skill. Now, you can make a lot of money in the lawn mowing business if you learn the skills of building a business. But then you have to learn how do I build a tight route to save costs on travel expenses and to save the total amount of time that it takes for somebody to complete this route. You gotta learn how do I sell more people on this service? You gotta learn how do I hire employees and train them properly and make sure that there's some sort of a threshold of quality that exists across all of the accounts that we're gaining. You have to learn accounting to some degree. You have to learn management of teams. You have to learn firing employees and what meet. Like at what point do I fire somebody? It requires a bunch of these other skills in order to be able to build a business that could then turn into something massive. My buddy Brian, Brian Clayton has a company called Green Green Pal. My Green Pal. But he basically built a landscaping business from nothing, sold it for eight figures, and then launched this. It's basically like Uber for, for landscaping projects where they have tens of thousands of people on there that are just that are. They sign up as saying, like, I can mow somebody's yard. And then somebody as a customer goes in and goes, I need somebody to mow my yard. And it connects them and then that person gets paid. And so it's created this almost like micro economy inside of this thing. And now he's got a successful technology startup after started this landscaping company that he started from nothing. But in order to be able to get there, his only skill was not how Do I mow this lawn better? That was not the skill that allowed him to be able to build the life that he's been able to build, but it started with that skill. So that's, that's, that's the good news here, is that you can learn anything. You just have to be willing to go learn that thing. And if it's necessary, you have to be willing to invest money to go learn that thing. And this is probably what keeps most people stuck, is when they get to this point and then they just go, I, you know, I have some money saved up, but that's for this car that I really want, or that's to, you know, buy this thing that I don't really need and, or it's to get a new computer. And I don't want to spend that money on education because what if it doesn't work out and what if this coach is a scam artist? And what if this course doesn't have everything that I need it to have in it? It's just like, look, if you want the skill, then you have to be willing to also invest money to go acquire the skill. If it were me, I would always just look for who is the person that's doing this in the space the best or who is somebody who I would like to emulate their results and I would go see if I could pay them directly for one on one coaching and teaching me how to do the skill. That's the best way that I learn. I think it's the best way to learn in general. So you could read a dozen books about it, or you could get one person to just hold your hand and walk you through the process for a few weeks and you're probably going to be leg, have a leg up on the competition. So build a high leverage skill. Build a skill that allows you to be able to go demand more money from the marketplace. Whether that means getting a raise at your job or taking a transfer internally at your company to do a different type of job that allows you to have more earning power or potential, or that means you're taking it to the market, you're taking the skill to the market and trying to build some business or a side hustle out of it, or become a freelancer or solopreneur out of it. You, you can build that skill and then go take it to the market. But it needs to be a highly leveraged skill. It needs to be something that people will find value in. And if you want my personal take on it, my personal take is if you can work with business owners and get them more customers. You'll always have something to do that's a skill that always going to be valuable, whether that's marketing or sales. Like any sort of, like the customer acquisition side will always be extremely valuable to businesses. So if you can get good at marketing or sales or something like that, that's a very high leverage skill. And there's a, those are very broad categories by the way. Marketing and sales, like there's a lot of sub. This episode of the show is brought