Multiple streams of income are no longer a luxury, it is a necessity. This is especially true in the age of the student loan. I want to let you in on a little secret though, your student loans won’t be paid down with your working income. They will be paid down with the money you can generate intellectually. In fact, if you desire to pay your student loans out of your working income you will be working forever to do that.
This small thinking is what creates headlines that keep people scared, and oppressed. Before I go further, its VERY important to guard your mind. That conditioning via defeated articles that talk about how its useless for black men to compete are what create the reality. If you buy into it that becomes a self fulfilling prophecy.
Create your way out of debt.
Paying your student loans with your intellectual ability as opposed to your working income is something that I was first introduced to by Eric Thomas. He was making this point to a bunch of college students after a session. This was important because too often we get taught this idea that we can’t ever win and there is no way out. This is only true to the lazy and the unimaginative. The truth is that wealth comes through creation and creation is an intellectual exercise. That creation can be monetized which will rapidly pay off those loans.
Think about it. Facebook was an idea, Tesla was an idea, Apple was an idea. All businesses are ideas that were monetized. Do you think the founders of snapchat have any student loans? If they did they are gone now. Create an idea, create a way to get funding, sell it off and live.
For some reason most of us just think that the only way to make money is with a job. These are the people who don’t recognize opportunities unless there is a paycheck attached to it. I remember Dr. Boyce Watkins making the point that when Donald Trump or any other wealthy person has a child that comes to them asking for money they don’t tell them to go get a job, they tell them to start a business or acquire a business. Period.
See for too long we have operated in a slave mentality. This isn’t just the oppressed, small thinking but this is the job mentality. A lot of people are promoting this MLK video where he was talking about all the land and money given to European immigrants and I have a problem with this. I have a problem with it because its kind of a step in the right direction but its just another appeal to the government or to white folks to save us just in a different form. There was nothing empowering about it.
It irks my soul that my people are so defeated. It irks my soul that we fought to get off the plantation only to protest for the right to be let back on via “jobs”. And we think this is honorable yet have the audacity to call those that don’t want to beg coons.
So the point of this post is that whatever skill you have is not only valuable to your employer, it is valuable to the market. You don’t have to be afraid to generate wealth while working a job. In fact, you SHOULD generate wealth on your job. What do you think Asians do? They own pieces of the family business, real estate etc, while clocking in from 9-5 for that guaranteed float called a paycheck.
You should have a business, and properties and investments that allow you to work doing what you enjoy not doing what you have to do.
I print money
I am an example of someone who does just this. I literally print money via consulting by packaging up my skills, branding and marketing them. I announce what I can exchange of value to the market and money comes in without me doing anything. I create money out of thin air. I then use this money to fund my investments which fund my lifestyle.
I have this tremendous reach though because I have created a brand. I created that brand by giving away a ton of value. My hustle and my giving became my INVESTMENT. So many times people complain about a lack of money but bro, money is not your limitation. If you don’t have money you have time, you have connections, you have hustle, you have skills, all of which have a monetary value and if deployed correctly they can make you wealthy.
So hustle in the 5-9pm or 7-2am and use your SPARE time, your spare skills and your spare hustle to make yourself wealthy. There are no limits and there are no boundaries. Choose yourself and get yourself out of debt so you can hustle your way to a paid off home and the financial freedom that comes with it.
If you are interested in joining any of our clubs we would love to have you. Email email@example.com if you haven’t yet done your taxes and haven’t created an LLC to organize your hustle, do so now! Email firstname.lastname@example.org today!
Be great and invest well!