There is a common misconception that making “$1,000,000” a year is the answer to all of one’s problems… the cost of freedom.
It is often seen as the “gateway” to reaching that magical, mystical “top 1%” that so many people dream about.
You know: the fancy house, the big boat, the luxurious lifestyle, the constant travel…
Did you know,
That magic “$1,000,000” number is actually far greater than anyone actually needs to be considered in the Top 1% of earners in America?
The fact is, in order to actually be in the top 1% of earners in America,
You only need to make roughly $400,000 a year.
And to you, that number may still seem far beyond your reach,
But hear me out…
Gary Vaynerchuk often talks around the concept of (and I’m paraphrasing here):
Instead of trying to shoot for the sky (in regards to income goals)…
Why not shoot for something that’s actually practical that will simultaneously make you happy?
In my not so humble opinion, making $400,000 a year…
Or even $85,000…
But on your own terms is still way better than:
- working for someone else, with no control over your work life, making $47,000 or $65,000 a year, and being miserable while doing it;
- working so hard and so often to make that magic “one million” that you’re chained to a harsh schedule that doesn’t give you the time and freedom to actually do what you want to do and live life on your own terms.
Wouldn’t you rather make $87,000 a year doing something you’re passionate about, and be free to do what you want, when you want, how you want…
Than make $1,000,000 a year, but be stuck working 24/7/365, miserable, on call all the time, with no free time to do anything you actually enjoy?
Happiness is so much more valuable than money.
Sadly, to many, the idea of even making $100,000 a year on their own terms doing what they love still seems so far-fetched…
I briefly touched on this in my article on How to Get 37x Better With Only 1% of Work, but for quick refresher sake…
Let’s break it down again:
In order to make $100,000 a year, dividing that by 12 (months) means one needs to make a little over $8,300 a month.
(it’s actually like $8,333, but we’ll just use $8,300 for easy math sake)
Breaking that down even further, to make $8,300 in a month, you need to make $2,075 a week.
Breaking that down again, this means we need to make about $300 per day.
Now you may be thinking:
“Okay, $300 per day doesn’t sound so hard!”
In which case, good for you, that’s the mindset!
But, if instead you’re thinking:
“How the heck can I make $300 per day?”
Let’s break THAT down even further:
How can you make $300 per day (or $2,075 per week)?
- Sell 1 thing per week for $2,075
- Sell 2 things per week for $1,040 each
- Sell 3 things per week for $692.00 each
- Sell 1 thing per day for $300 each
- Sell 2 things per day for $150 each
- Sell 3 things per day for $100 each
You get the point.
When you break it down into smaller numbers and smaller actions, suddenly the idea of “making $100,000 in a year” doesn’t look so complicated.
That’s the point: it’s not complicated.
We just over-complicate it.
Not only is this completely possible through the power of the internet using methods like:
- Affiliate Marketing
- Social Media
- Content Creation Services
- Digital Product Development
- Copywriting Services
- Web Design Services
- Email marketing Services
- Courses, Coaching, and Consulting
- Membership Sites
Among other things…
It’s also practical.
The value of digital skills in the digital age is only going up.
And as long as the internet exists, it will continue to do so.
There are billions of dollars exchanged on the internet every single day.
And there are millions of people currently looking for the information, tools, insight, or skills that you can provide them.
Just a few examples of some of the ways you can do this using the power of the internet include:
1. Selling Copywriting Skills
Copywriting is the foundation of every online business.
Whether it’s through product descriptions, blog posts, email newsletters, or TikTok videos…
They all start with written words.
And there are millions of companies willing to pay to have those words written for them.
And there are two places you can take advantage of this fact:
Both of these websites allow you to either apply for, or create jobs (called gigs on Fiverr), with hundreds of thousands of those jobs being related to writing in some form.
I’m sure you’ve heard the phrase:
“Knowledge is power.”
But knowledge without action is useless.
So this is where we put our knowledge to use.
I know that there are incredibly powerful online tools available that can write for me.
You can post or apply for these various writing jobs on sites like Fiverr,
And then use these AI tools to write the content for you!
Selling services on Fiverr is as simple as:
- Go to Fiverr.com
- Click “Become a Seller” in the top menu
- Create your seller account
- Once approved, log into your seller dashboard
- Click the “Gigs” link in the top menu under “My Business”
- Click the “Create a New Gig” button on the top right-hand corner
- Start earning
You can literally get paid hundreds to thousands of dollars per week for doing almost no work.
What you’re getting paid for is your knowledge, not your time.
And that is a very important mindset shift to make.
One of the greatest lessons I’ve ever learned came from a prior client of mine:
Long story short, he messed something up on his website and needed help fixing it.
As soon as I saw the error, I knew immediately what was wrong and fixed it in less than 5 minutes.
When he asked me how much he owed me, I told him not to worry about it.
“It was seriously no big deal, it took me 5 minutes, I’m not going to charge you.” I said casually.
“I’m not paying you for your time, I’m paying you for your knowledge.”
As I talked about in The Millionaire Method to Financial Freedom,
Financial freedom is about learning to separate your time from your income...
Not just literally, but mentally as well.
2. Selling Digital Services
Every company needs a website.
Every company is using social media in some way, shape or form.
Every company wants to increase their revenue, grow their audience, and expand.
If you have the ability to help with any of those goals, you can monetize those skills.
And to be honest, with all the tools available these days, they’re all pretty easy to do.
You just have to spend the 20 to 30 hours it takes to learn how to do them.
This can be done by watching free YouTube videos,
Or by going through courses like (shameless plug) The Freedom Codex, which does teach you the step by step process to building websites quickly and easily, among other things!
I get paid, on average, $2500 per website that I build for other people, using the exact process I teach in The Freedom Codex.
And, fun fact:
You can use the same skills in multiple ways.
Not only do I use my web design skills as a sellable service,
I also use them to build my own niche passive income blog websites, which creates additional streams of income.
Guess what else I do?
Use the same copywriting AI tools to generate content for those websites.
3. Selling Your Own Digital Product
With all the tools available today, it’s never been easier to develop your own digital product (like I did with The Freedom Codex) and sell it directly to consumers.
This is as simple as:
- Organizing the information you know about a particular topic.
- Creating helpful content around that topic.
- Uploading that content to a custom course or membership site like Kartra.
- Sharing some of the content on one (or several) of the many freely available social media platforms to build an audience and send traffic to your product.
- Promoting your digital product to your audience and across your social media profiles.
These are just a few examples out of the hundreds (if not thousands) of possibilities that exist on the internet.
The cost of freedom is not $1,000,000.
It’s not even $400,000.
What is the real cost of freedom?
Check out this keynote speech by Gary Vaynerchuk where he breaks down the reasons why 95% of people are confused about what real success and happiness looks like.
Here are 2 additional ways I can help you:
1. If you’re looking for a simple, streamlined, organized step-by-step process you can follow to begin building your own passive income streams, I recommend starting with an affordable course.
→ The Full-time Freedom Codex is a self-paced online video course where I teach you how to quickly and easily create, automate, and monetize digital content based on your hobbies, passions, and interests. You can learn more by clicking here.
2. If you’re looking for personalized digital product development or sales funnel design services for an already established business or personal brand, I recommend checking out Apex Haus.
→ Apex Haus helps creators, coaches, and CEOs increase their income, influence, and impact with personalized digital product development and sales funnel design. You can learn more or see if you qualify by clicking here.
In full transparency, not all, but some of the links you find throughout my emails will be affiliate links, which means if you end up making a purchase using one of my affiliate links, I will get paid a small commission.