Ladies and gentlemen, absolutely everyone wants to know How to make money as a college student $10,000 a month. The only issue is there’s a lot of BS out there, a lot of misinformation, and a lot of people making it seem a lot easier than it actually is.
Breaking Down the Path to $10,000
In today’s video, I’m going to break down the three main components you need to focus on in order to make $10,000 a month as a student. Now, in this video, I’m going to give you the three main components, but after you finish watching this video, I’ll leave a link in the description to my most popular video so far this year.
Exploring Business Models to Find Your Fit
That video breaks down the 7-8 most popular online business models and will help you figure out what will work best for you this year.
The Importance of Choosing the Right Vehicle
The first thing you need to hit $10,000 a month as a student is the right vehicle. You need a means, an opportunity that is big enough but not too risky.
Why Trading May Not Be the Best Option
Trading is out the window. Many traders profit when you lose, and turning $1,000 into $10,000-$20,000 in a year is very difficult.
Investing in Lean Online Businesses
Instead, invest in starting a lean online business. By the end of the year, this can generate tens of thousands of dollars, surpassing the average salary of a traditional 9-to-5 job.
Free Cash Flow vs. Net Worth
You need something that spits out free cash flow, not just wealth tied up in assets. This is critical for starting and growing a business.
The Pros and Cons of E-Commerce
For example, building a proper e-commerce brand can generate revenue but often requires reinvesting profits into stock, which limits cash flow.
High-Value and Leverage-Based Services
Service-based businesses, such as creating marketing funnels or managing Google ads for e-commerce brands, can be more lucrative. These businesses rely on high perceived value or leverage.
The Role of Leverage in Scaling
Hiring others can help scale your business beyond solo efforts, allowing you to focus on strategy while your team handles execution.
Managing Expectations for Long-Term Success
Set realistic expectations. Making $10,000 a month often takes time and dedication, but with persistence, it’s achievable.
The Challenge of Sustaining Success
Making $10,000 a month is only the beginning. The real challenge lies in maintaining and growing that income.
Cementing Financial Identity
Once you reach $10,000 a month, make it part of your financial identity. Over time, work to raise your baseline to even higher levels.
Taking the Next Steps in Your Journey
Now that you understand the components needed to hit $10,000 a month as a student, it’s time to take actionable steps. Start by identifying the right vehicle for your journey—whether it’s an online business, a service-based model, or a scalable opportunity that fits your skills and interests.
Building Momentum and Staying Consistent
Success doesn’t come overnight. It requires building momentum through consistent effort. Dedicate time each day to learn, experiment, and refine your approach. Whether you’re developing a skill, building a product, or offering a service, incremental progress leads to exponential growth.
Learn From Failures and Adapt
Understand that failures are inevitable and part of the journey. Each setback provides a lesson that will help you improve and adapt. The ability to pivot and adjust your strategy is a key trait of successful entrepreneurs.
Leveraging Technology and Tools
Take advantage of the numerous tools and platforms available today. From social media for marketing to automation software for scaling operations, technology can be a game-changer in your pursuit of financial freedom.
Networking and Building Relationships
Surround yourself with like-minded individuals and mentors who can guide you. Networking not only opens doors to new opportunities but also helps you gain insights from those who have walked the path before you.
Stay Grounded and Keep Learning
As you achieve milestones, stay grounded. Continue to invest in your personal and professional development. Read books, attend webinars, and stay updated with market trends to maintain your competitive edge.
The Final Push: Go All In
Ultimately, success requires commitment. Once you’ve identified your path, give it your all. It’s okay to start small and scale gradually. Just remember, the journey to $10,000 a month is as much about personal growth as it is about financial success.
My Best Wishes for how to make money as a college student
As you embark on this journey, remember that there’s no one-size-fits-all approach. Be patient, stay determined, and celebrate your progress along the way. I’m cheering for you and can’t wait to see what you accomplish!
