How to earn
1 Million A Year
How I make $1 million a year. (not clickbait)
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welcome back to coffee time with your
host 2x Google X Facebook tech lead
something interesting happened to me
recently my income has surpassed a
million dollars this year is that funny
I've just been sitting around here in
this Toshiya drinking my coffee while
you've been prancing around in the
business suit your banana republic
clothing driving your Jaguar cars acting
all self-important I've actually been
generating more income than you life's
not fair is it
they never teach you that in school do
they a million dollars per year in
income used to sound like a crazy amount
to me it still does actually and I
wanted to break this down to you having
reached at myself and explain to you how
I made this and what that actually looks
like so let's put all of our jealousy
aside for 10 minutes and go over the
numbers and the funny thing is these
numbers they don't even include passive
income like gains from stocks savings
bonds real estate I mean all of that
stuff is great and very legitimate good
income but I'm not including that here
because I don't really consider that
like salary type of income I'm talking
about like total comp and one quick tip
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then check out brilliant org slash tech
lead becoming great at math or science
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so my income comes from two primary
sources my main job which is this
YouTube thing and then my side hustle
gig which was over at Facebook as a
staff software engineer so let me break
this income down for you and if you've
watched my prior videos then you would
have already calculated this but I had
been working a staff software
engineering job over at Facebook and
that income was about 500k more than
that actually and the way that works is
you've got 220 K based income then you
have say 20 percent bonus and then the
rest of that is just equity and that
kind of luxuries here and there and if
you saw my video on YouTube income thing
you also know that I'm generating an
equivalent amount or more on my youtube
channel if I break down this ad revenue
is bringing in about 20 K per month over
12 months that's like 240 K
income and then when
add in affiliate sponsorships that
brings up the gap up to another half
million or so so when you add up these
two income streams over 500k at Facebook
and another 500k from the YouTube stuff
it's like a million dollar income per
year that's what it looks like now what
does it feel like right and I have to
say that this was about 80 hour weeks
okay so it's like two jobs really I was
working morning tonight like 8:00 a.m.
to midnight every single day plus
Sundays I would have to devote that to
filming and doing YouTube stuff now the
funny thing is if you think about it I
think that a lot that people can boost
their income if they were to do
something like this right it's not
necessarily something that everybody
should do or want to do but you know you
could also pick up a second job right
you could pick up contract day on the
side you could do some consulting you
can even drive uber cars maybe get paid
30 bucks an hour you do that eight hours
a day right after your actual main job
you can pull in pretty good income that
way and in addition to that okay if you
were to actually get rid of your house
or apartment and just room with other
people your parents really downsize make
it cheap sleep in your car or whatever
they all boost your income right because
housing is a huge cost I'm paying four K
a month from my apartment that's like
four tak a year or pre-tax income is
like another 80k worth of income if I
really wanted to get rid of the
apartment and save that so anyway one
key thing here was for me to pick up a
second job and to just put a bunch of
time into this stuff I did not
personally see this as something that
was sustainable long term it was more of
a short term purse and just see how far
that could go and if it really did turn
out well then I could always find ways
to optimize that streamline things
automate it maybe get some help hire
people and that could help make it more
sustainable over the long term but I
pretty much believe that when things are
good and they're not always good
sometimes you're in the slump
and there's really nothing you want to
do there's no opportunity that you see
sometimes but occasionally you get
bursts of inspiration motivation maybe
you see a business idea you see some
opportunity and that's when it's time to
hustle and you just hustle for a few
months and it doesn't have to last that
long and you can see where that takes
you and during that burst of time you
may be able to generate a lot of income
maybe work hard one
two years get a lot of money that way
and then go back to doing what you were
normally doing so if you already have a
job you may not like the idea of picking
a second side hustle that just sounds
too much and you don't even want to
begin I'm not saying that you should
necessarily do this but what you can do
is try it pursue it for just a few
months see where that takes you and if
it succeeds you can then find ways to
perhaps automate it or maybe your side
hustle could overtake your actual job
the funny thing about generating this
amount of money income is that you don't
actually have time to enjoy it
right I was pretty much working all the
time I had given up games movies the
time I spent with my family I still
tried to maintain that I would still
have dinner with them every evening and
then spend some quality time with them
but even still like since I had to give
up Sunday's the weekends would be half
for me and I just viewed it as me having
a six day work week whereas normal
people have a five-day workweek it's
just the way I thought about this for
myself and so what happens is that the
limiting factor here becomes time I
really had to learn to prioritize my
time better I cut out a bunch of news
sites even some of those daily deal
sites I used to be really interested in
checking those I cut those out too
because I just figured my time at this
point was becoming more valuable and I
didn't have enough time for it so this
goes hand-in-hand with the idea of
working in waves right like sometimes
you're learning and you're just reading
a lot of books and blogs and news sites
but then other times you have a bunch of
stuff to do you know exactly what you
need to do each day you don't really
need to read and learn as much as
actually do action and perform and just
get these tasks out of the way so that
was kind of the mode I have been it
and I know that a million bucks and
income it sounds a lot but if we take a
little closer look at these income
sources they're not really all they're
cracked up to be number one the Facebook
job I can't get that type of income
anywhere else except the Silicon Valley
Bay Area right because cost of living is
so high here there's a lot of
competition and they have also taken me
over a decade to get a job like this
which by the way if you're interested in
landing a job at one of these top-tier
tech companies check out my program Tech
interview procom I'm going to fast-track
you teacher everything I know about how
to land a job at one of these places and
ace your interviews but as I was saying
if we were to also look at the YouTube
income I mean that's not stable either
right it's based on generating viral
videos so over I wouldn't say any of
this is truly sustainable but I want to
talk a little bit about my general
philosophy and perspective on this
unlike other people I have never viewed
a full-time job as the end-all be-all
where once I get that I can just sit
down and just play video games and watch
Netflix all day long to me a job has
always been a way to just sustain myself
and pay some rent while I focus on my
true job so this is about coming up with
your own business whatever that may be
and that built many different websites
and apps in the past before and the
reason this is so important is because
when you work in a income job right
salary is capped even after a decade of
working in the industry and climbing
that career ladder they're still always
going to be someone who's going to say
there's somebody else willing to do your
job cheaper so we're just going to hire
that other guy instead your salary is
kept that way now when you work for
yourself though there's nobody there to
cap your salary you can generate as much
revenue as you want however much
business or value you're able to
generate you can reap those rewards and
there's not going to be anybody else
who's going to say well I think there's
somebody else who's willing to do your
job for a cheaper value a price and
we're just going to hire that other guy
instead and so that's pretty much how I
have always approached my career it
doesn't surprise me even today that I
have multiple sources of income your
standard nine-to-five is there to help
the risk the situation for you provide
you a little bit of stability make life
a little smoother and nicer but unlike
people who just completely usually give
up on their side hustles I'd always been
looking into building out additional
income streams one of the biggest keys
to success is constant learning so
continue your learning over at brilliant
org slash tech lead brilliance courses
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premium now on the topic of side hustles
I do want to mention one interesting
revelation which is that all of this
site business income that you do is
entirely tax deductable so if you were
to drive uber cars and you made $2,000
on that you could actually buy like a
laptop and all of that income you could
tax deducted it's essentially tax free
money so it's really not bad idea to do
some size house o'ciock
even if you have a full-time job because
you just get that business deduction and
it becomes tax-free money so there you
have it hope you found this informative
and feel free to send this video to
somebody who needs to see this I told
you this wasn't clickbait and now you
gotta uphold your part of the bargain
give the video a like and subscribe and
I will see you next time thanks bye
