QUIT MY $70,000 JOB AFTER LEARNING THIS LESSON ABOUT MONEY 💵


– So I had a union job, a very safe job and I was making $70,000 a year with a guaranteed six figure
income within five years but as soon as I learned
this fact about money, I decided to quit that job entirely and today I’m going to teach that to you and what I’m going to show you today is the most important lesson on money that I have ever learned. I did not learn it until I was well past the days of being in high
school or being in college and it’s too bad that you
don’t learn this in high school because it would have dramatically changed the decisions I made up until that point. Now, luckily, I did learn about this when I was about 20 years old and so I had a lot of
time to adjust my sales and do something drastically
different with my life but I wanna show you guys
this rule or this lesson today and I hope that this sparks
something in your brain and makes you decide to
also change your sales and consider doing something else other than what everyone
else out there is doing in terms of going out
there, getting a job, working that nine to five and I wanna explain that to you guys now. So first of all, I wanna ask you if this formula here
looks familiar to you. It goes something along the lines of this. You earn a certain dollar amount per hour times 40 hours a week and
at the end of the week, you get a paycheck. I wanna ask you guys where
did you learn this formula? Was this from your parents? Did you learn this in school? Where did you learn
about this simple concept that dollar amount times
time equals paycheck? I’ll share my experience with you. I learned this from my parents
when I was 12 years old and I decided to start a business doing some lawn mowing and
landscaping for my neighbors and I was asking my dad,
so how do I do this? He says, well, you have to figure out what you’re willing to work for per hour and then you’re going to work
a certain number of hours and then you make your
money at the end of the week or end of the day depending on the job. So I told myself my time
was worth $10 an hour and I would work for
four hours on a Saturday and I would make $40 and as a 12 year old, I was pretty happy but that was the very
first time in my life that I instilled this in my
brain that time equals money. So let’s say that I decided
to take that landscaping or lawn mowing job or business
I had started and run with it and I decided that I wanted to work 40 hours a week at that job. Let’s say I did that through
all of my teenage years and I made $10 an hour. So following the basic equation that you work a 40 hour work week and you work for $10 an hour, that means I would make $400 per week. Now, let’s say that I
didn’t have enough money. I wasn’t making enough money and I wanted to make more money. So if you’re unhappy with the
amount of money you’re making, you basically have two options here because there’s two variables
that control your paycheck. First of all, that is the time, the amount of time you’re
spending actually working and second of all, it’s
going to be the skill which is going to
determine the hourly rate at which you are paid. So if you’re looking to make more money, there are primarily three
different things you can do and I call this the bad
solution, the better solution and the good solution. So first of all, let’s
start with the bad solution. The bad solution is to
start working more hours and sacrifice more of your time
in order to make more money. In my opinion, this is
completely ludicrous. I would never wanna work
more than 40 hours a week and why people do this
is absolutely beyond me but I’ll share my
personal experience here. I used to work at a job where
I was surrounded by people who would brag about the amount
of money they were making but they weren’t bragging
in terms of oh, I went home and I started my own passive
income business online or I’m doing dropshipping and
I’m making two grand a month. They were bragging about the fact that they were sacrificing
their nights and their weekends and sacrificing their family’s happiness in order to spend more
hours working at that job and if you ask me, that
is nothing to brag about but that is what these people did. They sacrificed their time
in order to make more money and that’s a very bad
solution to this problem. I’m talking about people
that would work 70, 80, even 90 hours a week
to make $150,000 a year and it’s just why would
you even bother doing that? Why would you sacrifice your
time to make more money? Anyways, that’s the bad
solution to this problem. The better solution is to
learn a more valuable skill. So if you’re making 10,
$15, maybe $20 an hour and you’re saying I wanna make more money then you go out there and you
learn a more valuable skill. Maybe you go to college, maybe
you go take an online course and you learn how to do online marketing, something like that, whatever it is, you’re learning a more valuable skill which is going to increase the rate at which someone will pay
you for one hour of your work but the best solution has
nothing to do with this formula at all and in fact, the best solution is to follow a different model and the thing is so few
people understand the fact that there’s a different model out there when it comes to making money because what this tells us here is that time is always a variable in the amount of money
that you are making. You either have to
sacrifice more of your time or figure out how to
make more money per hour that you are working
but you can make money in ways that do not involve your time. So when I was 20 years old, I started exploring
different ways to make money. I read books like Rich Dad
Poor Dad by Robert Kiyosaki. I read a book called Click Millionaires, all about how people became
millionaires off of the internet and I started thinking
about the type of income I was earning and that’s when I learned that I was earning something
called active income and what that meant is I only made money when I was actively working. So for those eight hours
a day, I would make money but on the weekends and on the off hours, I made absolutely $0 and the
major flaw with active income is that your time is always involved with this type of income. That is when I started to learn about something called passive income and I know people right now are gonna say, yeah, no shit, Sherlock, I
know what passive income is but have you ever really thought about it? Have you ever really
thought about the fact that you can put in effort today and build something that will
pay you every single month, every single week or even every single day for the rest of your life but so few people are actually willing to put in that initial work today to build a passive income stream but I told myself I was
willing to put in that effort and do whatever it takes
to earn passive income and get out of this trap
of earning active income. So let me explain it to you this way. Passive income is very simple. You’re earning money
off of your past effort. So your past effort
determines your paycheck. Now, I’ve always enjoyed making videos and talking to people and
learning and exploring new ideas so I decided that a YouTube
channel would be a good way for me to make passive income. It makes sense. I’m making money off of
videos I’ve done previously. I make money from ad revenue. It results in sales for my membership site and my course as well and all of that is
based on my past effort. My course that I put together
that I still make money from is one that I made many months
ago but I still make money because I’m being paid for my past effort. That is what passive income is. Now, how passive is my business? I wanna answer that question very simply and here’s how I answered this. I took a look at just the ad
revenue for my YouTube channel and I decided to split up the percentage of the amount of revenue I’ve
made in the last seven days and what percentage of that came from the videos I posted that week versus ones I’ve posted previously and what I found is that
17% of my ad revenue came from the videos
I had posted that week and 83% of my income
came from my past effort, the past videos that I’ve posted that continued to get the views. If that doesn’t motivate
you and get you excited, I have no idea what will, guys. I just want you to understand there’s a lot of different ways out there that you can make money and a lot of them involve the internet and if you have any thought in your mind that you have the idea of starting a blog or starting a YouTube
channel or starting a podcast or anything like that, just
fucking do it, alright? I know it took me a long time
to really start doing this but there’s so many
opportunities out there and this is such a new area
as far as building a channel and building an audience
online and personal branding and all of this and being an influencer and sharing your message with people and I know there’s always the argument of oh, is it too late to start on YouTube? Well, if I told myself it
was too late back in 2016, I wouldn’t have a six figure
online business right now. So to answer the question
of is it too late, it’s never too late until the
platform is shutting down. If you logged on tomorrow and YouTube had a message on the homepage that said YouTube is closing,
we’re shutting down forever, okay, maybe it’s too late
now but until that day comes, it’s never too late to start something. It’s never too late to start
earning passive income online and I know the excuse that some
of you are going to give me right now is the fact that
not everyone out there can start a YouTube channel because if everyone has a YouTube channel, nobody will have the time to watch it but what I wanna ask you is
how many people do you think are actually even
watching a video right now about how to make more money
because last time I checked, about 90 to 95% of the people
out there are asleep in life. They don’t have any idea
what’s going on around them. They have no idea they can
make money in other ways. They’re on autopilot going through life. Now, of those small amount of people that decide they wanna learn
how to make more money, what percentage are
actually going to commit and put that effort in and decide they’re going to
commit to making money online and actually see it through? We’re talking about a fraction
of 1% at the end of the day as far as people who actually
watch a video like this, take action on that
advice and stick with it and so for those of you that say not everyone is going to be
able to have a YouTube channel or build a following, not
everyone is willing to do it. A very, very small percentage
of people out there, a fraction of a percent are actually willing to do what it takes and build an audience online
and earn passive income. So that is the lesson that I had learned. I learned it when I was 20 years old. I learned about the difference between active income and passive income and I decided that passive
income was a much better model and I structured my life
around earning passive income and I recommend that you guys
consider doing the same thing. Anyways, guys, that’s
gonna wrap up this video. If you guys enjoyed this, if you wanna hear more about
my business, how I make money and other ways you can
make passive income, drop me a comment down below and I’ll be sure to incorporate
some more videos like that. It’s a very interesting topic for me but there’s just so many
different opportunities out there and I know a lot of people are itching to do something else out
there or they’re struggling or they’re not making money or they’re not making enough money and you need to start thinking about a different model
that you’re following and not this model of
earning active income but thank you so much for watching, guys. I hope you have a great rest of your day and I will see you in the next video. If you are interested in learning more about investing in the stock market, I’ve created a free course just for you. The link is in the description below. Here are a few other videos
you might enjoy as well. (calm music)

100 comments on “QUIT MY $70,000 JOB AFTER LEARNING THIS LESSON ABOUT MONEY 💵”

  1. Ryan Scribner says:

    FREE 5 Step Money Making Blueprint: http://www.ryanoscribner.com/start
    Follow Me On Instagram: @ryanscribnerofficial

  2. amit kumar says:

    Great speaking, also look Dan Lok.

  3. Νικόλαος αἰσθητικός says:

    yawn basically just regurgitated concepts from "rich dad, poor dad." nothing new here.

  4. keke andrei says:

    Did you see stores closing down?Well even if you get the initiative not always goes to passive or active income.A lots of people saying what are you saying and its the same track,make money on internet.I did not hear you are a millionaire from internet and you do this for fun.If I had millions why whould I want to tell you that?

  5. Perry Matt says:

    Yeees, tell me you model.

    Big fun of your videos

    👌👌

  6. Matt Hughes Music says:

    "just fukin do it!"

  7. Jeffy Tood says:

    Why can't you do both

  8. Slxxpy Jan says:

    affiliate pay program :/

  9. Joe Reyes says:

    Great vid buddy

  10. Annie Margarita Yang says:

    Excellent lesson on passive income. Loved it!

  11. Money Phase says:

    Ryan was better before he got good with YouTube. He was straight forward, motivating, and on your side. Now there's this distance of trying to get a lot of views and (though relevant) clickbait expertise.

  12. Cath says:

    Thank you 🙏 And good job (excuse the pun)

  13. Brent Shuffler says:

    Ryan, earning active income is a good apprenticeship in learning how to work hard, and to value both our labour and our time. Working extra jobs and extra hours is an excellent way for a young person to boost income while having the security and benefits of a full-time job. However, it is key to success to minimise expenses and to save all or most of that extra income. With that approach, any young person can become financially independent within as little as 2 to 5 years. Just use the job as a learning and growing opportunity and a foundation for the rest of life.

  14. Brent Shuffler says:

    When I started working in 1992, my first job was only $125 per WEEK! Therefore, compared with most people in the world, you were extremely privileged [1] to have a unionised job (which most people no longer have), . . . [2] to have a full-time job (which most people no longer have) . . . and [3] to have a permanent job with benefits (which most people no longer have).

  15. Brent Shuffler says:

    BEING ABLE TO EARN U.S.$70,000 per year as a very young person as you did . . . OR up to U.S.$150,00 PER YEAR AS YOUR COWORKERS WERE DOING, WOULD HAVE BEEN AMAZING FOR MY PROGRESS TO BECOMING DEBT-FREE AND FINANCIALLY INDEPENDENT WITHIN A FEW YEARS. Many people in the U.S.A. and other rich countries do not realise how well paid they are . . . or how they are already wealthy in opportunities and infrastructure and amenities, even if they are no more than middle-income in terms of their national population.

  16. Brent Shuffler says:

    I started my first business before I even went to university or got my first job. Having both is great diversification for the long term. I would advise any young entrepreneur to keep the first job(s) that he/she gets, while building his/her own business(es). Make sure that the new incomes are reliable and secure for the long term, rather than rushing to give up or to throw away what you have. Prove a business-system or opportunity for at least 10 years to know whether it can withstand at least one full business-cycle . . . and one full economic cycle e.g., from expansion through recession to recovery.

  17. Brent Shuffler says:

    The Great Recession teaches us the value [1] of remaining patient, [2] of being humble, and [3] of not being too quick to discard what you have (e.g., a good to great job) for what looks good for now but could prove to be short-lived or less rewarding than first appears. It is tempting to be full of braggadocio and hubris when you are at the peak of an economic expansion . . . and/or the stock-markets have reached all-time high . . . and/or real estate is going up and up . . . and then people who are young forget that this is only one half of the cycle . . . Millions lost everything, both job-workers and business-owners. It happened to my father at the peak of his 6-figure career . . .

  18. Kirkland Brown says:

    My parents and school I learned it.

  19. EA MUZIK says:

    Good stuff 👍

  20. Growth Ladder - Career Mastery says:

    Passive income is great but it requires patience and consistency.

    That's the core piece that people often forget.

  21. Thano’s Thicc Dicc says:

    I’m High School. How can I get started?

  22. Rafael Camilo says:

    You quit your $70,000.00, are you serious?

  23. Ivan Lee says:

    LOL not everyone can have the time to learn new skill especially when they have a family to take care of. You can definitely do this when you are young but not when you have a family to feed. Those people who work extra hours is not a bad solution to make money but a stable one. 90% of the people who do drop shipping dont make any money and waste money on online classes. Most people who starts a business also fails, not everyone is made to be a business owner.

  24. Yara's Surprises & Toys Reviews says:

    Dream big

  25. Bucs 813 says:

    I just want to know what camera you used to record and how to post the video on YouTube

  26. Bucs 813 says:

    How did your camera cost$

  27. Michael Barry says:

    Ryan, good video. Wish I saw this when I was younger

  28. DJ KOSHAY says:

    love this. keep the videos coming

  29. Tro Quest says:

    This is the mentor I need!! ☺️ Thanks bro

  30. gmbattlemage says:

    Very motivating. Especially with that part "If youtube isn't shutting down today, is not late!"

  31. Liam Snipa says:

    Would love to hear about any other models of making money you have. There has to be other models besides these two. Would love to discuss.

  32. Anna Jacinto says:

    This is awesome. Love your videos. Thank you for sharing your knowledge. x

  33. Crypto Taskforce says:

    Wow! 429K subscribers and over 3 millions views. One day, I will have also a huge amount of views, Sir, with my new crypto channel. Right now, I am proud of my 17 subscribers. Respect Sir!

  34. Scott Hall says:

    The key is to use your full time job to fund your business.

  35. Marcel Rodriguez says:

    I quit my 24k job too….

    But then i had to go back cause things didnt go the way i thought.

  36. Black Vito - Moneyology says:

    Great Video💪

  37. Shaun Rosenberg says:

    But how much is it? I stopped blogging because it took millions of views to make anything worthwhile from ad revenue.

  38. Frozen Ass says:

    Do you copy this video from Kevin David's tutorial video.?

  39. Weekend Explorer says:

    Work is about more than money for a lot of people.

  40. Anton Krutov says:

    Are you an info-gypsie?

  41. elena olivares says:

    The amount of tax you pay if paid up front you wouldn't get a check for several months and most could not do this. In the mind of Warren Buffet you would not be able to pay so much tax unless you pay week to week and as a result you will be very poor unless you can stop spending the money that is left over each week. This is where most people fail; to realize that you have nothing unless you develop this Warren Buffet mind set and start putting money in a savings account so you can purchase something that actually pays a dividend or real estate that you can later sell at a profit. Of course if you are stupid and like standing behind the cash register at the bowling center that pays a meager amount of money or baby setting so you can be at home all day that's fine. . . get some hair dye and start modeling that way more people can see how stupid you are. . . being a Democrat you will actually think you are smart doing this while you attack the leader of our country for making America Great.

  42. tlallas says:

    watch your language young man. great fucking video by the way..

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  44. EVARISTO CHIMWALA says:

    Awesome

  45. Jerry Lisby says:

    If you don't have Jesus you are not a success. What shall it PROFIT a man if he shall gain the whole world and LOSE
    his own SOUL.

  46. Taylor Dave says:

    it's sad that finance is a subject that heavily affects every one but isn't taught at all in high school then,but i just want to use this medium and thank team George for their sure ways of tradings.

  47. Rob C's says:

    Excellent Ryan 😍✌🏼.. greetings from New York 🗽🌹

  48. Straight Whitemale says:

    People I general have no idea of little they make. People tend to think of their gross pay, not their net. I do a lot of my own handyman work for these reasons.
    1) in order to pay a handyman $100.00 how much money do I need to make to pay the$100.00? One, two thousand ?seriously .
    Consider this , how much money do you have left after car, home, utilities,insurance, do the math now.
    That tiny number gets reduced even further when you factor in social security taxes, income taxes.
    At the bare minimum just to cover tax you need to earn 1.3 x the amount you payout . So to pay a handyman $100.00
    I have to earn $130.00 just to pay taxes and the $100.00.
    Once you do this math your attitude toward what you can afford to spend will change.

  49. Mr J says:

    Money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money money. We are all slaves to money.

  50. Lenore Bell says:

    I enjoyed watching this video because of the well thought out set colors, and Ryan’s delivery of his message.

  51. Jarod Marrington says:

    "Just f*ckin do it"

    -Mr. Scribner 2019

  52. EroZ Logic says:

    Does investing in stocks count as passive income?

  53. Itss Ricaa says:

    Great points !!! Wow you hit it right on the nail . How many people are actually watching this video and going to stick with their plans ?!! That’s so true !!! Thanks for always posting and enlightening me 💕

  54. D Radar says:

    The average income per person in the United States is $21,000 a year, or roughly $10.00 per hour. At $70,000 a year, what makes you so damn different!

  55. D Radar says:

    Sales and profits are TWO different things. People say, "Oh I made $70,000". If that is a sales number, that is NOT PAY. You did not make $70,000. You made a net amount after you subtract all of your costs like inventory, mileage, payroll, taxes, and similar. Whatever amount you have remaining after $70,000 is your net profit which is your profit. (i.e. income).

  56. George Revan says:

    What an great video. I already know about passive income have a decent amount of money comming in monthly but this one video made me push over the scales, cut the bullshit and really go full focus.

  57. 黃柏 says:

    not all of people can earn passive income b ecause they need a lot of people to be fish( income resourse). so dont be fooled by video, this person would not be all of you if you just take their advice to become they want you to be. Thoughtful person would be the one who gain passive income.

  58. Share Greats says:

    70,000 Dollars per year for a 20-year old young man is a lot of money, much more than average.

  59. Share Greats says:

    The idea is to create a nice story on whatever you or others like and put this story in a video. The text can be easily read down with the aid of teleprompters which you can by from Amazon. In order to become monetarized by YouTube you must have at least 1000 subscribers. That's why every YouTuber asks you to subscribe to his channel and like the videos. Once you are monetarized advertisments will be patched into your videos and this is exactly what brings money – not very much per video, but it is the sum of all videos and clicks which creates amounts from which some people can live. By the way, it is not essential to show your face. Rather show your cute cat or little dog – those are the real click bringers and millionaire makers.

  60. Ron Banks says:

    i have some money saved, and an ok job, however I suck with computers and hate social media. what to do what to do? Maybe slot machines since i live in Lasvegas. I'd like to start with a few and take it from there. do you think thats a bad idea???

  61. Randy Dulsky says:

    There are people dead making money.

  62. Jon Crandall says:

    I live on passive income, I get paid when people pay the electric bill. Month after month. It took a while to build but man o man has it paid off.

  63. Salvatore De Vito says:

    In Canada making 6 figures still isn't good because you give half to the Government through taxes. Lucky me I have been blessed with the mental illness of schizophrenia so I get to be on disability and not have to slave away for a low wage. I have free housing as long as my parents are alive and once they are gone I get Government housing. Money does not motivate me. It makes people selfish and unhappy always wanting more and more. I just want to concentrate on my health and perhaps be a body builder to keep me busy. Why even bother working when you have so many taxes to pay. After rent food car and utilities people are left with little to nothing at the end of the month. What will they do when they are old? I will be better off than them in the end. I just concentrate on my health being entertained and of course Jesus Christ.

  64. Alex Griffith says:

    I agree with most of it, but a lot if people in the army/marines work 100+ hours a week

  65. kportee3 says:

    HEY DO YOU KNOW KEVIN DAVID ???

  66. Jongie Autentico says:

    Yeah I love it,, and this video is enough , to realized, that our time, is one of the most, important and needed, to create financial, and time freedom success,

  67. theodore cain says:

    How do I start my own YouTube channel and make it profitable

  68. Walter Bedsole says:

    Hello Ryan, I'm a new subscriber and just found your channel. I'm with you, I'm tired of working 40 hours a week or if I get that.. look forward to seeing more of your content. I'm wanting to start a YouTube channel but have no idea what I would talk about.. I'll watch more or your videos, maybe something will hit me.. thanks

  69. Calvin Dang says:

    I am an investment banker

  70. AtHomeInWa says:

    Potty mouth is so unprofessional and unclassy

  71. iiike says:

    Give me a 70k job and watch me live off 15k

  72. Jason Voorhees says:

    People on welfare are using the passive model.

  73. Crystal Burt says:

    "Just f**kin do it" was my favorite part. 👍🏽

  74. Bigbaby says:

    When Mr Uncle Sam gets to you ,that’s less than 70,000.

  75. Vibolea Sovathpich says:

    In your country, work 9-5. In my country, work 8-5:30 and Saturday also.

  76. Big Boss Faraday says:

    I've really enjoyed you're lecture I wanna become a blogger how do I start

  77. Lunga Brian Makibi says:

    Thank u❤

  78. Enjoy the view says:

    I absolutely agree with every word🙏🏽

  79. jacqueline walker says:

    I can't find a few easy steps to follow the steps. I have the ideal. then my brain twist and I confused the ssteps. everyone talking but they be leaving out some steps..

  80. Jose Arellano says:

    But money is fake. Debt is money.
    You work for money= taxes.
    Debt money ain’t taxable..!!
    Learn the cash flow…
    don’t save money when banks are printing it every second.

  81. Travis Williams says:

    I think the most difficult part for people is taking the first step. Working and not knowing if it will pay off or not. Success doesn’t come from going through the motions. Step out, take chances, try what you love. Who knows, it may become a career which passively builds wealth. That’s what I did with my passion for talking investing and YouTube. Great video

  82. Alken Keso says:

    Awsome vid!! Ty!

  83. Mouse Room says:

    Watched to the end! Thanks for the video

  84. playboycity says:

    Here is a much better lesson to learn, instead of charging by the hour you should charge by the job, that way if you work out how to do the same job in half the time (or less) you get paid the same amount of money, then the next step is to realise you don't have to be the one to mow the lawn you can pay someone else to do it, once your lawn mowing business no longer requires you to mow the lawn, then you're on your way

  85. Rose Shiweva says:

    I just got here . I quickly subscribed!!!!

  86. David Dorante says:

    Ryan: I quit my 70k job
    Comments: Give that 70k job
    Me: Just wants a first job doesn't if it's minimum wage

  87. 2K Doctor says:

    Well said, active income has a cap of how much money you can make because there is only 24 hours in a day

  88. rollyboy BCH says:

    Just fookin' do it 🙏

  89. shiningstaer says:

    🖕, like, share, comment, subscribe!

  90. k.d says:

    10min just empty words

  91. sdqindia1 says:

    Waste of time watching this vdo

  92. Starman BuckRogers says:

    F 9-5!!!
    NEED. 9-9!!! 12 hour DAYS!!!!

    In ENGLAND I A JOB IS CALLED “TRADING TIME!!!”?????
    F jobs!!!!

  93. Electar Nezar says:

    Money are from tree's, cause people cut them down, create a PIECE OF PAPER, and print them with Cash

  94. djperryboy says:

    I already know about this. Now to what I don't know. If I upload a Youtube video and after some years I have only 500 views. Then where did I go wrong? Starting a business is easy. But how to make it successful?

  95. ChadatWork says:

    Those people who are asleep and on autopilot are also your customers who watch your videos.

  96. Patson Lim says:

    —goog gain = —16– job loss all thanks to google 🙂

  97. Calvin Ross says:

    This was a bunch of bullshit!

  98. John Encarnacion says:

    Instead of CONFORMING like everyone else is,all we have to do is CREATE
    Earl Nightingale

  99. Andres Rodriguez says:

    Palpatine: do it

    Nike: just do it

    Ryan: just fucking do it 7:33

  100. Krogzax Ants says:

    Love it! Thank you for the video. Working on building a passive income from dividend payments. I am thinking about someting else.. But i am unable to think about someting.

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