Get RICH in Your 20’s: DON’T Start a Business

I get asked what

business

I should

start

all the time, and I think the answer is that you shouldn't

start

a

business

through the process of dropping out of college fifteen thousand dollars in debt and making twenty-three thousand dollars a week. I have learned many lessons this month and I think one of the most important was that you shouldn't start a business if you don't have skills. I'm that kid who was always on YouTube trying to figure out what the next side is. Hurry up, what am I going to do next? How am I going to make money.

I just never wanted to be in that nine to five world. Such a scam. Matrix is ​​strong, he goes to school and goes into a lot of debt. I mean honestly it's just a system that they put you there so you can work for them forever what's the quickest way out how can I get my time back how do I get my freedom to be able to do that I knew I had to make a lot of sacrifice I had to work very hard who is going to steer the ships and figure out how to break free, so ultimately it was about starting a business, like what is a business, a business, if you are able to leverage

your

skills, provide value to the market, the service, a product, and to be able to do it, I mean.

Basically, you need to know a handful of things in order to start this business. Who should I become? Who should I be? What skill sets do I need to have the first business I started was an auto detailing business. all my neighbors would knock on their doors they would give them a proposal and I would finally start washing their cars and my friend from high school and I expanded this business that was taking me home probably like a thousand dollars a weekend, it was great at that time. moment, what I didn't like about that business is that I was working in the Texas heat 10 12 hours a day, so I saved all that money and got into e-commerce the first month.

I made four thousand, the second month. 18,000 on the third, I think I made 35,000. I was on High Income but I didn't save much in my pocket. I think I was left with six seven thousand, but then the whole business collapsed the summer after my senior year of high school and I was trying to figure out how to escape college and I watched The Social Network. I'm sure maybe you've been there before. Okay, now I'm going to create an idea for an app. I'll be the next Zuckerberg, so that's exactly what I did. It's so silly now that I think about it.

I started building this app, it was called book me, it was the hookup app. I went and hired a ux designer. He was talking to different teams like in India to start developing it. He was putting everything in. I put the pieces together and then came up with this imaginary budget: I need a hundred and fifty thousand dollars to get started, so I thought, "Okay, how do I get 150,000?" I texted everyone I knew who had nice cars and I was just trying. Finding someone to introduce the idea of ​​the app to one of the responses I received fundamentally changed my life forever, so I still remember going to my friend's house, he was about to leave for college, my school is over. to be cancelled.

I was going out to Pepperdine. in California because it was 2020, what happened next was canceled, pandemic, blah blah, I was getting ready for online school, all my friends were leaving while I was driving to my friend's house, I got a text, hey, Come on, I have 45 minutes, let's see what you do. So I went to Utah and I drove there and I'm sweating and I live in Texas so it's true it's 100 degrees but I'm sweating more than normal. I'm super nervous. The guy I was introducing him to is pretty intimidating. I go in there with my laptop, sit down, pull up my slide deck.

I feel like I'm throwing myself against a brick wall. They are looking at me. I start to scroll down the slide deck. It was probably like a two-minute pitch. For like five years, I was just looking around trying to figure out if he likes the idea, he doesn't like the idea and when I was done I was just sitting there, I didn't know how to ask for money, I didn't really know what I wanted. was doing that, I just looked at him and said, uh, so what do you think? And he looks at me and I still remember him and he says: Jacob.

I have a lot of money, but I wouldn't give you money for this. I was like damn and I'm paraphrasing something like that. I did not know what to say. I was paralyzed. My dreams were crushed. Everything fell apart. This was going to be the way I escaped the Matrix. I snuck out of school and was going to, you know, Break Free, become a multimillionaire, all that kind of stuff and obviously that's not what happened. I was like sitting there, I just didn't know what to say and then he looked at me and goes, why do you think you can do this?

I had faith in myself, but I didn't really have any logic behind it. I thought Zuckerberg did it like I can do it too and he's like, let me clarify the question. I know how to code. I tell him no, I don't know how to code, but I've been talking to these developers. He says, "Okay, do you know how to sell?" I ask him what you think and he says: it didn't sell well to me, fundamentally, what skills do you have to be able to start this business? I washed cars, I had some marketing skills with e-commerce, but I wasn't really a master at anything, but that's when the Epiphany happened.

It's like I don't have any skills to build a business, so I pretty much abandoned the app idea. I thought I would go to school, get a job and I really didn't know. what to do from there and then I got a text a couple days later and he asked me where do you lift and I was like at the local HCI gym and he asked me why don't you start lifting with me and I started lifting with him a couple of times a week and while I was lifting weights with him I thought: I'm going to start a real estate business.

I took all the savings I had from the car wash business, all the cash I had. I was cold calling. I was cold calling trying. to analyze different properties and I paid twelve thousand dollars for a training program. I couldn't pay it upfront and I just made a payment plan when I started starting that business I quickly realized I didn't have the skills yet so in a couple of months Wow I'm losing three to four thousand a month. This was a pretty low point for me. I hated school. I was in wholesale, so I'm sitting in the same place.

I kept building businesses and then they kept failing. I was walking in, I didn't really know where I was going to go from here some of the days I was sitting in bed half the day, honestly, pretty depressed and then one day I walked into Alex's house, we were talking and then I got this phone call and it was a sales call, so I jumped on it. I lay down in the corner. I like to slouch. Honestly, I was embarrassed to take the call in front of Alex and Layla after the call probably lasted 5-10 minutes.

I call, I walk up and he just said you suck at sales and then boom. Another dagger put the tough love that I really appreciate. I was like well, how can I get better at sales? and he just says, well, you have to do it. It's like okay, well how do I do it? and he lets me make a couple of calls, let me see if I can get

your

foot in the door at his company's gem launch, lower level cold calling position, you'll have to go. Through the interview process you will have to be approved for the team and if you get the job, grow or die, you will be fired if you don't perform.

I go through the interview process. I end up getting the job by cold calling. I'm cold calling I'm cold calling parallel lesson here volume denies luck, like if you start something new and just do a bunch the more you do the better you'll get in a shorter period of time and at first I'm going to suck I started selling I dropped out of college. I put my back against the wall. I ended up closing the other business and said, I'm going to make this work. I just sacrificed everything in my life, everything for this specific skill.

About six months later I received my first check for $375. Six to eight months later, I was bringing home twenty thousand dollars a month and this was crazy. Less than a year later, I was taking home more money than most of my friends' parents just because I learned this skill set, it's not about what business you should start, it's about what skill set you should learn media leadership if I can start accumulating those skill sets and at the same time get paid for the first skill set I accumulated and have learned a skill set. That will serve me for the rest of my life, maybe my perspective will change, but hey, the more skills you accumulate, it won't make you poor.