Today I'm going to be talking to you about the five levels of wealth creation.

Today I'm going to be talking to you about the five levels of wealth creation. If you are trying to make money, you are somewhere in this spectrum here. I want to show you how you can go from zero to $100,000 to your first million to 10 million all the way up to 100 million. Starting with level one. This first level of wealth creation, making money only using your time. If you are just getting started from zero, you're just a beginner, you are directly trading your time for money and that's all you're doing, which means you can't really make that much because your time is limited and most of the time people aren't going to pay you a lot of money to do it. These are people that are working minimum wage jobs, these are people without that many skills. So, what you want to do to get out of this first level, right, of trading your time for money is learning a skill. You want to make your time as valuable as possible because if you have no skills and your time is not very valuable, guess what? Someone's going to pay you very little to do it. I know this from experience because when I was in level one, I was working minimum wage, I was washing dishes for minimum wage, I was folding clothes for minimum wage and at the time it was $7.50 per hour. So that's an example of level one wealth creation. And most people that are in level one, if they don't do something about it, they never get out. They're stuck there forever because they can't make a lot of money. So, the way you want to get out of level one is by learning a skill, right, upskilling or upleveling. This is a very, very easy concept to understand. Think about why people tell you to go to college, right? Even the people that are broke and have broke people advice, it still has merit, it's still actually pretty valid. The best way to get out of level one is upskilling, upleveling and there's different ways to do that. Obviously for me, all I did is I learned a skill, social media marketing, that made my time very valuable. But it could be going to college and getting a degree because at the end of the day that's all it is. That advice, they're just telling you to upskill, right? You go to college, you get a degree, it makes your time more valuable, you can get a better job and it can take you to level two which we're going to talk about. But I want to spend a little more time here because a lot of people get stuck here. So, the way I thought about it, right, when it comes to learning a skill, I want to learn a skill that will allow me to make as much money as possible without having to really spend any money or spend a lot of time learning it. Becoming a doctor is great because you can make a bunch of money, but it's a skill that takes a very long time to learn, 10, 15, 20 years, right? Whereas something like this, learning a skill like what I did, social media marketing, right? Again, if you want to learn that, there's a link in my bio, I do a free training on that so you can click that, enroll and learn all the stuff for free. But it's something you can learn quick and it's something that businesses need because think about it, if you're completely broke and you want to get rich, where does your mind go? Well, I have no money, how do I get money? The easiest way is to go to people that have money, businesses, business owner, rich people. Now, what do they need? What do they need that I can provide them where they can give me some of that money? And for me, it was marketing. If I can help a business with social media, I have learned a skill that rich people need and they'll pay me for it and it allows me to graduate into the second level of wealth creation, which is level two and this is making money with your time and a skill, okay? So, once you learn a skill, right, level two is skill and time. Once you learn a skill, now your time becomes more valuable. So, right here, let's say you have a one multiplier on your time, every hour you put in, you get one unit of money back. Right here, your skill multiplies your time, so every hour of time you put in, you get 10 units of money back or every hour you put in, you get 20 units of money back. Once you learn a skill, for example, me with social media marketing, that's when I was able to go from making $7.50 an hour working minimum wage at a job, trading my time for money, to trading my time for more money. So you're not completely out yet, but you are able to get to six figures, $100,000 per year, trading your time for a higher amount. So, instead of trading your time for minimum wage, you trade your time for more money. There's a quote that I love and you could put this up on the thing, Julio. I love the quote where a guy says his sink is broken and he calls a plumber to come in. The plumber comes in and he looks at the sink, he does one little tap with his hammer and he fixes the sink. He says that'll be $1,000 and the person that hired him, he was kind of angry, he was like, what the heck, all you did was tap something with your hammer, why am I going to pay you $1,000? And the plumber replies, the actual work only took me five minutes, that's only 100 bucks, but me putting in 10,000 hours to learn the skill to know exactly how to fix your sink, that's what you're paying me for. That's 995 bucks and that's why you're paying me $1,000 for five minutes of my time and that's the exact same concept here. You trade your time for more money, okay? So, once you learn a skill and there's a lot of different skills, we'll put a list on the board here. You can learn online skills, this could be a profession, it could be a job, you want to use that skill and trade your time for more money because once you do that, it'll take you to the third level of wealth creation, which is once we start hitting that seven figure level and that's trading your money and skill for more money. Okay, I want you to look at it like this. All of these aren't different things, they're just multipliers of the same thing. So, first it starts with time, then it becomes your skill and time. At level three, the million dollar mark, that's when you're trading your skill, your money, because you've made money now, and your time, all three of these for even more money. Because what happens is every time you pass a certain level, your ability to earn becomes greater, okay? And this is kind of the tipping point because once you reach this, a lot of things start to break. This is where like all the regular normie stuff starts to change for you. For example, this at this point you could start traveling, you have a lot of freedom, you could drive a nice car, you can work remotely, you can take less time because time is the least of your concern here. So, even though you still need a little bit of time at level three, that's when you start to remove time from the equation, okay? And by the end when we get to level five, we're going to have removed time completely. But once you use your time to learn a skill, right, in the beginning you're using this time to learn a skill, people are always scared like what if I waste my time? Your time is worth nothing, you can't waste it. If your time is worth $0 or $10 and you're scared of wasting your time learning a skill, right? Whenever I tell someone, hey, you should take your time to learn a skill and they're broke, if they respond to me, oh, I don't want to, what if it wastes my time? Your time is worth nothing, you're not wasting anything, okay? So, at this point all you have is time. Sacrifice this time to then learn a skill because that skill is going to get you out of there, right? Right here if you're making $10 an hour, this will let you make $250 an hour or $1,000 an hour. And once you get there, it gets really easy to start saving up some money. Most people say I can't save any money, Rene, how do I cut my expenses? You can't cut expenses if the basic cost of living is higher than what you make, right? People make this mistake of thinking they need to save money when they're just getting started, when the truth is they should first learn how to make money first. Because if you're making four grand a month, you can't save your way to riches because your cost of living is so high that no matter what you do, right, no matter how much money you save, you can live the worst life ever, trying to save your money, you're never going to save enough to actually make more money. You have to get out by earning more and the only way you do that is by upleveling, upskilling to get to level two. Now, once you get here, this where it starts to get fun because level three is this idea of business. Level three is using your skill, your money and time to then build systems. So if you have skill, your skill in a specific thing, for example, again with me, social media marketing or plumbing or being a doctor, right? Instead of being a doctor for a hospital, you could start your own medical practice. Or instead of being a freelancer doing social media marketing, you could open your own agency. So level three is when you create systems that make money for you. And a great example of this is for me with my business. When I first started this business, I was a freelancer, I was at level two, I was using my skill and my time to make money. I got it up to $30,000 per month by myself managing 15 different clients. Here's the issue, I couldn't get higher than that because I was spending all my time, my time is finite. Again, your time is finite. This is the only resource that that's not infinite, right? Money's infinite, skill you can learn infinite skills, but your time, no matter what you do, you can't really get more time. So, I was making 30 grand a month by myself, managing 15 different clients and I was working eight, nine hours a day. I was making a ton of money as a freelancer in level two, but then I realized something, how do I earn more? I don't have that much time, I'm by myself and the only way to do that was to develop systems that can make money for me. I love this quote, you're either trading your time for money or you're buying someone else's time. You see, the way it works, employees, they're not there to work for you, they're there so you could buy their time back. They're there so that they do the work instead of me, I'm buying their time. Okay, I'm buying an hour of their day so I could have an hour of mine back and that's exactly what level three comes down to, right? This you're using your skill, your money and your time.