1 00:00:00,000 --> 00:00:02,800 All right, so we're diving deep today into this whole 2 00:00:02,800 --> 00:00:04,200 like making money online thing. 3 00:00:04,200 --> 00:00:05,040 Oh yeah. 4 00:00:06,120 --> 00:00:08,320 And specifically, we're looking at this YouTuber, 5 00:00:08,320 --> 00:00:10,320 Sarah Finance, she's only 22. 6 00:00:10,320 --> 00:00:11,160 Okay. 7 00:00:11,160 --> 00:00:14,240 And claims to be making like $1.3 million a year. 8 00:00:14,240 --> 00:00:15,080 Wow. 9 00:00:15,080 --> 00:00:15,920 From her laptop. 10 00:00:15,920 --> 00:00:16,760 Just all from a laptop. 11 00:00:16,760 --> 00:00:19,080 Yeah, just clicking away, you know? 12 00:00:19,080 --> 00:00:21,360 She even put it right in the title of one of her videos. 13 00:00:21,360 --> 00:00:22,400 Oh really? 14 00:00:22,400 --> 00:00:26,280 I make $1.03 a year from my laptop. 15 00:00:26,280 --> 00:00:27,200 Here's how. 16 00:00:27,200 --> 00:00:30,200 Okay, well that's pretty straightforward. 17 00:00:30,200 --> 00:00:31,040 Yeah, no kidding. 18 00:00:31,040 --> 00:00:33,480 And she says she doesn't have a big team. 19 00:00:33,480 --> 00:00:34,800 Started in a small city. 20 00:00:34,800 --> 00:00:38,520 So like the relatable every man kind of thing. 21 00:00:38,520 --> 00:00:39,640 Yeah, exactly. 22 00:00:39,640 --> 00:00:41,920 It kind of sounds almost too good to be true, right? 23 00:00:41,920 --> 00:00:43,240 Yeah, a little bit. 24 00:00:43,240 --> 00:00:45,760 But you know, even if we don't all become millionaires, 25 00:00:45,760 --> 00:00:47,200 I figure there's gotta be something we can learn 26 00:00:47,200 --> 00:00:48,960 from her, from her approach at least. 27 00:00:48,960 --> 00:00:50,200 For sure, for sure. 28 00:00:50,200 --> 00:00:52,000 So let's break down like what she actually does. 29 00:00:52,000 --> 00:00:54,440 So first up, she talks about affiliate marketing. 30 00:00:54,440 --> 00:00:55,280 Uh huh. 31 00:00:55,280 --> 00:00:57,040 And just for anyone who's not familiar. 32 00:00:57,040 --> 00:00:57,880 Right. 33 00:00:57,880 --> 00:01:01,040 This is basically where you promote other people's products. 34 00:01:01,040 --> 00:01:05,360 And you get a commission for every sale that you drive 35 00:01:05,360 --> 00:01:06,480 through your unique link. 36 00:01:06,480 --> 00:01:07,680 Gotcha. 37 00:01:07,680 --> 00:01:10,680 So Sarah claims to have made over $44,000 38 00:01:10,680 --> 00:01:12,680 in a single month doing this. 39 00:01:12,680 --> 00:01:13,920 Wow, that's impressive. 40 00:01:13,920 --> 00:01:14,760 Yeah. 41 00:01:14,760 --> 00:01:17,920 And she really emphasizes finding a niche 42 00:01:17,920 --> 00:01:19,680 that you're genuinely passionate about. 43 00:01:19,680 --> 00:01:20,600 Oh, that makes sense. 44 00:01:20,600 --> 00:01:21,440 Yeah, that's right. 45 00:01:21,440 --> 00:01:23,040 Like you're not just out there pushing random stuff. 46 00:01:23,040 --> 00:01:23,880 Exactly. 47 00:01:23,880 --> 00:01:26,400 You're recommending something that you actually like are into. 48 00:01:26,400 --> 00:01:27,440 Yeah, something you believe in. 49 00:01:27,440 --> 00:01:28,280 Yeah. 50 00:01:28,280 --> 00:01:29,120 So I mean, it makes sense that people 51 00:01:29,120 --> 00:01:30,640 would trust those recommendations more. 52 00:01:30,640 --> 00:01:31,480 Absolutely. 53 00:01:31,480 --> 00:01:32,320 I mean, think about it. 54 00:01:32,320 --> 00:01:35,680 If you see someone who's genuinely excited about something, 55 00:01:35,680 --> 00:01:37,520 you're gonna be way more likely to listen 56 00:01:37,520 --> 00:01:38,440 to their suggestions. 57 00:01:38,440 --> 00:01:39,280 Exactly. 58 00:01:39,280 --> 00:01:41,800 Yeah, if you see someone's a real enthusiast, 59 00:01:41,800 --> 00:01:42,840 you're gonna pay attention. 60 00:01:42,840 --> 00:01:44,120 And it doesn't even have to be something 61 00:01:44,120 --> 00:01:45,920 super mainstream either. 62 00:01:45,920 --> 00:01:46,880 Oh, that's true. 63 00:01:46,880 --> 00:01:49,000 You know, there are people out there making good money 64 00:01:49,000 --> 00:01:50,480 in some pretty niche areas. 65 00:01:50,480 --> 00:01:51,320 Yeah, for real. 66 00:01:51,320 --> 00:01:54,360 Like I was reading about this guy the other day 67 00:01:54,360 --> 00:01:58,800 who makes bank selling vintage woodworking tools. 68 00:01:58,800 --> 00:01:59,960 Wow. 69 00:01:59,960 --> 00:02:00,800 Who knew? 70 00:02:00,800 --> 00:02:01,920 That's amazing. 71 00:02:01,920 --> 00:02:02,760 Right. 72 00:02:02,760 --> 00:02:03,600 Who would have thought? 73 00:02:03,600 --> 00:02:04,640 And Sarah mentioned some good places 74 00:02:04,640 --> 00:02:07,640 to like start looking for affiliate programs. 75 00:02:07,640 --> 00:02:08,480 Oh yeah. 76 00:02:08,480 --> 00:02:10,240 Like impact.com and ClickBank. 77 00:02:10,240 --> 00:02:11,360 I've heard of those. 78 00:02:11,360 --> 00:02:13,560 Yeah, so, you know, if you've got a hobby 79 00:02:13,560 --> 00:02:16,120 or like an interest you're already spending time on, 80 00:02:16,120 --> 00:02:18,120 maybe there's a way to actually make money from it. 81 00:02:18,120 --> 00:02:19,320 It's worth looking into. 82 00:02:19,320 --> 00:02:20,160 Totally. 83 00:02:20,160 --> 00:02:23,000 So, okay, next up, let's talk about digital products. 84 00:02:23,000 --> 00:02:23,960 All right. 85 00:02:23,960 --> 00:02:25,920 This is where things get really interesting. 86 00:02:25,920 --> 00:02:27,400 Okay, I'm intrigued. 87 00:02:27,400 --> 00:02:30,120 So, Sarah has kind of two main ways she does this. 88 00:02:30,120 --> 00:02:30,960 Okay. 89 00:02:30,960 --> 00:02:34,240 One is online courses, which she says she makes like 90 00:02:34,240 --> 00:02:36,880 $2,000 to $40,000 a month from. 91 00:02:36,880 --> 00:02:37,760 Wow. 92 00:02:37,760 --> 00:02:40,200 And then like planners and journals, 93 00:02:40,200 --> 00:02:42,040 which she sells on Etsy. 94 00:02:42,040 --> 00:02:43,240 Oh, okay. 95 00:02:43,240 --> 00:02:45,480 And get that she actually shares a tip 96 00:02:45,480 --> 00:02:47,800 for finding like hot products on Etsy. 97 00:02:47,800 --> 00:02:48,640 Oh, really? 98 00:02:48,640 --> 00:02:50,200 Yeah, just search digital product 99 00:02:50,200 --> 00:02:52,200 and then look for the popular tag. 100 00:02:52,200 --> 00:02:54,840 Oh, wow, so you can see what's already selling well. 101 00:02:54,840 --> 00:02:55,680 Yeah, exactly. 102 00:02:55,680 --> 00:02:56,760 It almost feels like cheating a little bit. 103 00:02:56,760 --> 00:02:57,680 That's a good tip. 104 00:02:57,680 --> 00:02:58,520 Right. 105 00:02:58,520 --> 00:03:00,840 But, you know, just because something is popular 106 00:03:00,840 --> 00:03:02,960 doesn't mean it's gonna be easy to replicate. 107 00:03:02,960 --> 00:03:05,560 You still need to make sure your product is high quality. 108 00:03:05,560 --> 00:03:06,400 Right. 109 00:03:06,400 --> 00:03:07,720 And that you know how to market it. 110 00:03:07,720 --> 00:03:09,040 Yeah, and stand out from the crowd. 111 00:03:09,040 --> 00:03:09,960 Exactly. 112 00:03:09,960 --> 00:03:11,520 It's definitely a lot of competition out there. 113 00:03:11,520 --> 00:03:12,360 For sure. 114 00:03:12,360 --> 00:03:13,680 But I still think it's pretty cool, 115 00:03:13,680 --> 00:03:16,560 like anyone with some basic design skills 116 00:03:16,560 --> 00:03:20,400 and Canva can potentially create an income stream. 117 00:03:20,400 --> 00:03:21,320 Yeah. 118 00:03:21,320 --> 00:03:22,800 That's the beauty of digital products. 119 00:03:22,800 --> 00:03:24,960 The barrier to entry is pretty low. 120 00:03:24,960 --> 00:03:26,320 Yeah, exactly. 121 00:03:27,360 --> 00:03:29,800 But, you know, like with anything else, 122 00:03:29,800 --> 00:03:31,960 success depends on a lot of factors. 123 00:03:31,960 --> 00:03:32,840 Yeah, for sure. 124 00:03:32,840 --> 00:03:35,600 Like, is there actually a demand for this product? 125 00:03:35,600 --> 00:03:36,440 Right. 126 00:03:36,440 --> 00:03:37,280 How good is it? 127 00:03:37,280 --> 00:03:38,880 And how well can you actually market it? 128 00:03:38,880 --> 00:03:39,720 Totally. 129 00:03:39,720 --> 00:03:41,400 Okay, let's shift gears a bit and talk about YouTube. 130 00:03:41,400 --> 00:03:42,520 All right, let's hear it. 131 00:03:42,520 --> 00:03:47,520 So Sarah's channel brings in $10,000 to $15,000 a month. 132 00:03:48,600 --> 00:03:49,720 Okay. 133 00:03:49,720 --> 00:03:52,360 And that's not even counting sponsorships, 134 00:03:52,360 --> 00:03:54,600 which could add like another zero or two to that. 135 00:03:54,600 --> 00:03:55,440 Wow. 136 00:03:55,440 --> 00:03:56,480 But here's the interesting thing. 137 00:03:56,480 --> 00:03:57,320 What's that? 138 00:03:57,320 --> 00:03:59,640 She doesn't even appear on camera in all of her videos. 139 00:03:59,640 --> 00:04:00,760 Oh, really? 140 00:04:00,760 --> 00:04:02,400 Yeah, she actually mentions this other channel 141 00:04:02,400 --> 00:04:03,680 called Movie Recaps. 142 00:04:03,680 --> 00:04:06,200 And they have over 2 million subscribers. 143 00:04:06,200 --> 00:04:07,040 Oh, okay. 144 00:04:07,040 --> 00:04:09,720 But they just use AI voices in movie footage. 145 00:04:09,720 --> 00:04:12,080 So basically they've figured out how to tell stories 146 00:04:12,080 --> 00:04:13,520 without actually being on camera. 147 00:04:13,520 --> 00:04:15,520 Exactly, and it clearly works. 148 00:04:15,520 --> 00:04:16,360 It's pretty interesting. 149 00:04:16,360 --> 00:04:17,200 Yeah, totally. 150 00:04:17,200 --> 00:04:19,520 It challenges that whole assumption 151 00:04:19,520 --> 00:04:22,000 that you need to be like a charismatic personality. 152 00:04:22,000 --> 00:04:24,360 Right, like you need to be some kind of star. 153 00:04:24,360 --> 00:04:26,880 Yeah, to succeed on YouTube. 154 00:04:26,880 --> 00:04:30,280 So you know, if you're not comfortable being on camera, 155 00:04:30,280 --> 00:04:33,720 but you can explain things in a fun and engaging way. 156 00:04:33,720 --> 00:04:36,120 Maybe there's a YouTube niche out there waiting for you. 157 00:04:36,120 --> 00:04:37,160 You never know. 158 00:04:37,160 --> 00:04:38,240 So now you might be thinking, 159 00:04:38,240 --> 00:04:39,560 oh, okay, this is all cool, 160 00:04:39,560 --> 00:04:41,360 but what about something a little more traditional? 161 00:04:41,360 --> 00:04:42,240 Uh-huh, yeah. 162 00:04:42,240 --> 00:04:45,440 Well, good news, Sarah is also a big believer 163 00:04:45,440 --> 00:04:47,720 in investing in the stock market. 164 00:04:47,720 --> 00:04:48,840 Okay, that makes sense. 165 00:04:48,840 --> 00:04:50,480 Yeah, and you know, she's right. 166 00:04:50,480 --> 00:04:51,320 Yeah. 167 00:04:51,320 --> 00:04:52,160 That's one of the most effective ways 168 00:04:52,160 --> 00:04:53,360 to build long-term wealth. 169 00:04:53,360 --> 00:04:56,640 For sure, but there's also a lot of misinformation out there. 170 00:04:56,640 --> 00:04:57,480 Oh, absolutely. 171 00:04:57,480 --> 00:05:00,440 And people have these unrealistic expectations. 172 00:05:00,440 --> 00:05:01,600 Exactly. 173 00:05:01,600 --> 00:05:02,800 So let's talk about that. 174 00:05:02,800 --> 00:05:05,280 She mentions individual stocks first. 175 00:05:05,280 --> 00:05:06,120 Okay. 176 00:05:06,120 --> 00:05:09,360 Which obviously high risk, higher reward potential. 177 00:05:09,360 --> 00:05:12,560 And she even gives the example of putting like $10,000 178 00:05:12,560 --> 00:05:14,120 into Tesla five years ago. 179 00:05:14,120 --> 00:05:14,960 Right. 180 00:05:14,960 --> 00:05:17,000 And seeing it grow to over $100,000. 181 00:05:17,000 --> 00:05:18,280 Which is amazing. 182 00:05:18,280 --> 00:05:19,440 Yeah, incredible. 183 00:05:19,440 --> 00:05:20,960 But come on, who's really hitting 184 00:05:20,960 --> 00:05:22,680 those kind of returns consistently? 185 00:05:22,680 --> 00:05:24,520 Right, not many people. 186 00:05:24,520 --> 00:05:25,360 Exactly. 187 00:05:25,360 --> 00:05:26,180 It's important to remember 188 00:05:26,180 --> 00:05:27,320 that those are like the outliers. 189 00:05:27,320 --> 00:05:30,280 Yeah, the stock market can be really unpredictable. 190 00:05:30,280 --> 00:05:31,360 Oh, for sure. 191 00:05:31,360 --> 00:05:34,560 You know, past performance doesn't guarantee future results. 192 00:05:34,560 --> 00:05:36,000 Right, so you gotta be smart about it. 193 00:05:36,000 --> 00:05:36,840 Absolutely. 194 00:05:36,840 --> 00:05:38,240 And that's where index funds come in. 195 00:05:38,240 --> 00:05:39,080 Okay. 196 00:05:39,080 --> 00:05:42,520 So these are like a diversified basket of stocks. 197 00:05:42,520 --> 00:05:43,360 Right. 198 00:05:43,360 --> 00:05:44,200 Designed to track the performance 199 00:05:44,200 --> 00:05:46,160 of a specific market index. 200 00:05:46,160 --> 00:05:47,520 Like the S&P 500. 201 00:05:47,520 --> 00:05:48,360 Exactly. 202 00:05:48,360 --> 00:05:51,480 And she mentions VU and VTI as some of her favorites. 203 00:05:51,480 --> 00:05:53,600 Okay, so for those who might not be familiar. 204 00:05:53,600 --> 00:05:54,440 Yeah. 205 00:05:54,440 --> 00:05:58,960 How do index funds differ from like ETFs or mutual funds? 206 00:05:58,960 --> 00:06:00,360 That's a great question. 207 00:06:00,360 --> 00:06:02,560 So with index funds, you're basically betting 208 00:06:02,560 --> 00:06:04,520 on the overall market performance 209 00:06:04,520 --> 00:06:06,920 rather than trying to pick individual winners and losers. 210 00:06:06,920 --> 00:06:07,760 Gotcha. 211 00:06:07,760 --> 00:06:08,920 And then there are dividend stocks. 212 00:06:08,920 --> 00:06:09,760 Right. 213 00:06:09,760 --> 00:06:11,280 These are companies that actually pay you 214 00:06:11,280 --> 00:06:12,520 just for holding their stock. 215 00:06:12,520 --> 00:06:14,640 It's like getting a little bonus just for being an owner. 216 00:06:14,640 --> 00:06:15,480 Exactly. 217 00:06:15,480 --> 00:06:16,320 Very cool. 218 00:06:16,320 --> 00:06:19,320 And she also recommends this platform called M1 Finance. 219 00:06:19,320 --> 00:06:20,160 Okay. 220 00:06:20,160 --> 00:06:21,000 For investing. 221 00:06:21,000 --> 00:06:22,040 And they even have a sign up bonus 222 00:06:22,040 --> 00:06:24,160 where you can get free stocks or cash rewards. 223 00:06:24,160 --> 00:06:25,320 Oh nice. 224 00:06:25,320 --> 00:06:26,160 Yeah. 225 00:06:26,160 --> 00:06:27,040 So if you're looking to get started with investing, 226 00:06:27,040 --> 00:06:27,880 maybe check that out. 227 00:06:27,880 --> 00:06:28,880 I will. 228 00:06:28,880 --> 00:06:29,840 All right, now are you ready to talk 229 00:06:29,840 --> 00:06:30,680 about some real estate? 230 00:06:30,680 --> 00:06:31,520 Let's do it. 231 00:06:31,520 --> 00:06:32,360 Okay. 232 00:06:32,360 --> 00:06:34,720 This is where Sarah's claims get really bold. 233 00:06:34,720 --> 00:06:35,760 Okay, I'm listening. 234 00:06:35,760 --> 00:06:39,120 She says she's currently making over $7,000 a month 235 00:06:39,120 --> 00:06:40,040 from real estate. 236 00:06:40,040 --> 00:06:41,000 Wow. 237 00:06:41,000 --> 00:06:44,720 And she's aiming for over $20,000 a month. 238 00:06:44,720 --> 00:06:46,200 That's a lot of money. 239 00:06:46,200 --> 00:06:47,480 Yeah, it is. 240 00:06:47,480 --> 00:06:49,680 But how does someone in their early 20s 241 00:06:49,680 --> 00:06:51,440 even get started with real estate? 242 00:06:51,440 --> 00:06:53,000 Well, that's where leverage comes in. 243 00:06:53,000 --> 00:06:54,040 Leverage. 244 00:06:54,040 --> 00:06:57,120 Yeah, essentially you're borrowing money to buy a property. 245 00:06:57,120 --> 00:07:00,440 Okay, so you're not paying for the whole thing up front. 246 00:07:00,440 --> 00:07:01,280 Right. 247 00:07:01,280 --> 00:07:04,400 So for example, she talks about a $300,000 home. 248 00:07:04,400 --> 00:07:07,720 You might only need to put down like 20% 249 00:07:07,720 --> 00:07:08,560 Right. 250 00:07:08,560 --> 00:07:10,120 Which would be $60,000. 251 00:07:10,120 --> 00:07:10,960 Yeah. 252 00:07:10,960 --> 00:07:11,960 And then you get a mortgage for the rest. 253 00:07:11,960 --> 00:07:12,800 Gotcha. 254 00:07:12,800 --> 00:07:14,400 And then you rent out the property. 255 00:07:14,400 --> 00:07:18,680 And ideally, the rental income covers your mortgage payments. 256 00:07:18,680 --> 00:07:19,520 Okay. 257 00:07:19,520 --> 00:07:20,960 Property taxes, insurance, any maintenance. 258 00:07:20,960 --> 00:07:21,800 Right. 259 00:07:21,800 --> 00:07:24,080 And if you're lucky, you have some profit each month. 260 00:07:24,080 --> 00:07:26,640 So leverage can be really powerful. 261 00:07:26,640 --> 00:07:27,480 Yeah. 262 00:07:27,480 --> 00:07:29,120 But it's important to understand all the details. 263 00:07:29,120 --> 00:07:31,120 Different loans have different interest rates 264 00:07:31,120 --> 00:07:32,240 and terms and conditions. 265 00:07:32,240 --> 00:07:33,440 Right, you gotta do your research. 266 00:07:33,440 --> 00:07:34,280 Absolutely. 267 00:07:34,280 --> 00:07:35,520 So real estate investing, 268 00:07:35,520 --> 00:07:39,920 it's not just buy a property and watch the cash roll in, right? 269 00:07:39,920 --> 00:07:41,240 No, definitely not. 270 00:07:41,240 --> 00:07:42,320 There's a lot more to it. 271 00:07:42,320 --> 00:07:43,640 There's a lot to consider. 272 00:07:43,640 --> 00:07:44,480 Okay, good to know. 273 00:07:44,480 --> 00:07:47,320 Yeah, you need to be prepared to manage the property. 274 00:07:47,320 --> 00:07:51,120 Deal with any repairs, find tenants. 275 00:07:51,120 --> 00:07:52,960 And the market can always change. 276 00:07:52,960 --> 00:07:53,800 Totally. 277 00:07:53,800 --> 00:07:55,600 Okay, that's a much needed reality check. 278 00:07:55,600 --> 00:07:56,640 For sure. 279 00:07:56,640 --> 00:07:58,960 So let's wrap up this part of our deep dive 280 00:07:58,960 --> 00:08:01,400 with something almost everyone can relate to. 281 00:08:01,400 --> 00:08:02,400 Okay, what's that? 282 00:08:02,400 --> 00:08:03,960 Credit card rewards. 283 00:08:03,960 --> 00:08:04,800 Right. 284 00:08:04,800 --> 00:08:07,760 You know, cash back, points, miles, all that good stuff. 285 00:08:07,760 --> 00:08:10,080 The things that make using credit cards 286 00:08:10,080 --> 00:08:11,280 a little less painful. 287 00:08:11,280 --> 00:08:12,120 Exactly. 288 00:08:12,120 --> 00:08:14,640 Sarah highlights those cash back rewards. 289 00:08:14,640 --> 00:08:15,480 Okay. 290 00:08:15,480 --> 00:08:18,040 She uses her Discover card as an example. 291 00:08:18,040 --> 00:08:18,880 Yeah. 292 00:08:18,880 --> 00:08:21,320 Which gives her 5% back on certain categories. 293 00:08:21,320 --> 00:08:22,160 Oh. 294 00:08:22,160 --> 00:08:23,400 Which can definitely add up. 295 00:08:23,400 --> 00:08:24,240 Yeah, for sure. 296 00:08:24,240 --> 00:08:26,800 Like you spend $1,000, you get $50 back. 297 00:08:26,800 --> 00:08:27,640 Not bad. 298 00:08:27,640 --> 00:08:28,880 Right, it's essentially free money 299 00:08:28,880 --> 00:08:30,760 if you're making those purchases anyway. 300 00:08:30,760 --> 00:08:33,280 It is, but I think this is a good opportunity 301 00:08:33,280 --> 00:08:36,520 to just emphasize responsible credit card use. 302 00:08:36,520 --> 00:08:37,560 Oh, absolutely. 303 00:08:37,560 --> 00:08:40,520 Yeah, you really need to be paying off your balance 304 00:08:40,520 --> 00:08:41,960 in full every month. 305 00:08:41,960 --> 00:08:42,800 Right. 306 00:08:42,800 --> 00:08:44,000 Otherwise those high interest charges 307 00:08:44,000 --> 00:08:46,320 will wipe out any rewards you've earned. 308 00:08:46,320 --> 00:08:47,160 Exactly. 309 00:08:47,160 --> 00:08:49,480 You don't want to end up in debt chasing rewards. 310 00:08:49,480 --> 00:08:50,560 Definitely not. 311 00:08:50,560 --> 00:08:53,040 Okay, so that brings us to the end of part one 312 00:08:53,040 --> 00:08:56,400 of our deep dive into Sarah Finance's world. 313 00:08:56,400 --> 00:08:58,200 Welcome back to our deep dive. 314 00:08:58,200 --> 00:08:59,040 Yeah. 315 00:08:59,040 --> 00:09:00,160 You know, we've been looking at this whole 316 00:09:00,160 --> 00:09:01,200 Sarah Finance thing. 317 00:09:01,200 --> 00:09:02,520 Yeah, all these different ways 318 00:09:02,520 --> 00:09:04,320 she's making money online. 319 00:09:04,320 --> 00:09:05,680 It's a lot to take in. 320 00:09:05,680 --> 00:09:06,680 It really is. 321 00:09:06,680 --> 00:09:09,780 But before we get too caught up in like the fantasy 322 00:09:09,780 --> 00:09:13,000 of this million dollar laptop lifestyle, 323 00:09:13,000 --> 00:09:14,960 let's bring things back down to earth a bit. 324 00:09:14,960 --> 00:09:16,360 Okay, reality check time. 325 00:09:16,360 --> 00:09:17,200 Yeah, exactly. 326 00:09:17,200 --> 00:09:19,040 Because her video, it's inspiring, 327 00:09:19,040 --> 00:09:21,400 but just one person's experience. 328 00:09:21,400 --> 00:09:23,480 Yeah, it's not necessarily a blueprint for everyone. 329 00:09:23,480 --> 00:09:25,400 Exactly, like there's a lot of hard work involved. 330 00:09:25,400 --> 00:09:26,240 Oh, for sure. 331 00:09:26,240 --> 00:09:27,080 Dedication. 332 00:09:27,080 --> 00:09:27,920 Mm-hmm. 333 00:09:27,920 --> 00:09:30,800 And honestly, probably a good bit of luck too. 334 00:09:30,800 --> 00:09:32,880 And let's not forget about all the stuff 335 00:09:32,880 --> 00:09:34,600 she doesn't really show in the video. 336 00:09:34,600 --> 00:09:36,200 Oh yeah, the behind the scenes stuff. 337 00:09:36,200 --> 00:09:38,640 Yeah, like the time she's investing. 338 00:09:38,640 --> 00:09:39,480 Right. 339 00:09:39,480 --> 00:09:41,120 The constant learning curve. 340 00:09:41,120 --> 00:09:41,960 Mm-hmm. 341 00:09:41,960 --> 00:09:43,600 The potential for setbacks. 342 00:09:43,600 --> 00:09:47,000 Because it's not all passive income in beach vacations. 343 00:09:47,000 --> 00:09:48,520 Yeah, definitely not. 344 00:09:48,520 --> 00:09:50,640 I mean, she kind of glosses over the challenges, 345 00:09:50,640 --> 00:09:51,960 like building an audience. 346 00:09:51,960 --> 00:09:52,800 Right. 347 00:09:52,800 --> 00:09:55,400 Managing all these different income streams, 348 00:09:55,400 --> 00:09:56,840 dealing with taxes. 349 00:09:56,840 --> 00:09:58,320 Not to mention the competition. 350 00:09:58,320 --> 00:09:59,360 Oh yeah. 351 00:09:59,360 --> 00:10:00,880 It feels like everyone's trying 352 00:10:00,880 --> 00:10:02,640 to make money online these days. 353 00:10:02,640 --> 00:10:04,080 It's a crowded space. 354 00:10:04,080 --> 00:10:05,680 So how do you even stand out? 355 00:10:05,680 --> 00:10:06,800 That is the question. 356 00:10:06,800 --> 00:10:07,640 Right. 357 00:10:07,640 --> 00:10:12,160 And really take to succeed in this digital economy. 358 00:10:12,160 --> 00:10:13,480 It's almost like you need an MBA 359 00:10:13,480 --> 00:10:15,560 just to navigate it all. 360 00:10:15,560 --> 00:10:17,240 Well, in a way, you kind of, 361 00:10:17,240 --> 00:10:19,840 do you need to understand the basics of business? 362 00:10:19,840 --> 00:10:20,720 Oh yeah, for sure. 363 00:10:20,720 --> 00:10:22,400 Like market research. 364 00:10:22,400 --> 00:10:23,240 Mm-hmm. 365 00:10:23,240 --> 00:10:24,080 Customer acquisition. 366 00:10:24,080 --> 00:10:24,920 Right. 367 00:10:24,920 --> 00:10:26,600 Financial management, all that stuff. 368 00:10:26,600 --> 00:10:28,640 Yeah, even if you're just working from your couch. 369 00:10:28,640 --> 00:10:31,880 So Sarah's video, it's a great starting point. 370 00:10:31,880 --> 00:10:32,720 Definitely. 371 00:10:32,720 --> 00:10:33,760 But it's just a starting point. 372 00:10:33,760 --> 00:10:34,880 You need to do your own research. 373 00:10:34,880 --> 00:10:35,720 Absolutely. 374 00:10:35,720 --> 00:10:37,160 Informed decisions are key. 375 00:10:37,160 --> 00:10:39,840 Okay, so let's revisit affiliate marketing for a minute. 376 00:10:39,840 --> 00:10:40,680 Okay. 377 00:10:40,680 --> 00:10:42,120 It sounds simple enough on the surface, right? 378 00:10:42,120 --> 00:10:42,960 Mm-hmm. 379 00:10:42,960 --> 00:10:44,960 Promote products, earn commissions. 380 00:10:44,960 --> 00:10:45,800 Yeah. 381 00:10:45,800 --> 00:10:49,120 But what are some of the potential pitfalls? 382 00:10:49,120 --> 00:10:51,800 Well, finding the right niche is crucial. 383 00:10:51,800 --> 00:10:52,640 Oh yeah? 384 00:10:52,640 --> 00:10:54,280 It can't just be something you're passionate about. 385 00:10:54,280 --> 00:10:55,120 Right. 386 00:10:55,120 --> 00:10:56,080 There needs to be an audience for it. 387 00:10:56,080 --> 00:10:56,920 Okay. 388 00:10:56,920 --> 00:10:57,760 And not too much competition. 389 00:10:57,760 --> 00:10:59,160 And then you have to create content 390 00:10:59,160 --> 00:11:00,280 that actually converts. 391 00:11:00,280 --> 00:11:01,120 Exactly. 392 00:11:01,120 --> 00:11:01,960 Yeah. 393 00:11:01,960 --> 00:11:04,000 It's not enough to just slap a link on your Instagram. 394 00:11:04,000 --> 00:11:04,840 Right. 395 00:11:04,840 --> 00:11:06,000 You need to build trust. 396 00:11:06,000 --> 00:11:06,840 Mm-hmm. 397 00:11:06,840 --> 00:11:08,680 And then you have to position yourself 398 00:11:08,680 --> 00:11:10,200 as a credible resource. 399 00:11:10,200 --> 00:11:12,360 So it's really about building a community. 400 00:11:12,360 --> 00:11:13,200 Yeah, exactly. 401 00:11:13,200 --> 00:11:15,040 Not just chasing those commissions. 402 00:11:15,040 --> 00:11:17,240 And that same principle applies to 403 00:11:17,240 --> 00:11:18,480 creating your own digital products. 404 00:11:18,480 --> 00:11:21,280 Oh yeah, like the online courses and Etsy stuff. 405 00:11:21,280 --> 00:11:22,600 Exactly. 406 00:11:22,600 --> 00:11:25,720 What do you think are the biggest challenges there? 407 00:11:25,720 --> 00:11:29,720 Well, standing out in a crowded marketplace is tough. 408 00:11:29,720 --> 00:11:30,560 Yeah. 409 00:11:30,560 --> 00:11:33,200 You need to offer something unique and valuable. 410 00:11:33,200 --> 00:11:34,040 Right. 411 00:11:34,040 --> 00:11:35,080 Something that solves a problem for people. 412 00:11:35,080 --> 00:11:35,920 Exactly. 413 00:11:35,920 --> 00:11:37,640 And then there's the whole marketing piece. 414 00:11:37,640 --> 00:11:38,480 Yeah. 415 00:11:38,480 --> 00:11:39,880 Getting people to actually see your product. 416 00:11:39,880 --> 00:11:40,720 Exactly. 417 00:11:40,720 --> 00:11:42,640 And let's not forget about the technical side of things. 418 00:11:42,640 --> 00:11:43,480 Oh, right. 419 00:11:43,480 --> 00:11:44,800 Building a website. 420 00:11:44,800 --> 00:11:46,400 Setting up payments. 421 00:11:46,400 --> 00:11:48,400 Handling customer service. 422 00:11:48,400 --> 00:11:50,240 It can feel overwhelming. 423 00:11:50,240 --> 00:11:51,240 Oh, definitely. 424 00:11:51,240 --> 00:11:53,720 Especially if you're not super tech savvy. 425 00:11:53,720 --> 00:11:54,560 Right. 426 00:11:54,560 --> 00:11:56,840 But luckily there are platforms out there that can help. 427 00:11:56,840 --> 00:11:57,680 Oh, really? 428 00:11:57,680 --> 00:11:58,520 Like what? 429 00:11:58,520 --> 00:11:59,360 Like Etsy. 430 00:11:59,360 --> 00:12:00,200 Okay. 431 00:12:00,200 --> 00:12:01,040 Shopify. 432 00:12:01,040 --> 00:12:01,880 Teachable. 433 00:12:01,880 --> 00:12:02,960 So they can handle some of the harder stuff. 434 00:12:02,960 --> 00:12:03,800 Exactly. 435 00:12:03,800 --> 00:12:05,240 So you could focus on the creative side. 436 00:12:05,240 --> 00:12:06,080 Okay. 437 00:12:06,080 --> 00:12:08,600 So we've talked about some of the challenges. 438 00:12:08,600 --> 00:12:10,320 But let's flip the script for a second. 439 00:12:10,320 --> 00:12:13,360 What gets you excited about this whole online business thing? 440 00:12:14,320 --> 00:12:17,680 Honestly, for me, it's the potential. 441 00:12:17,680 --> 00:12:18,520 Yeah. 442 00:12:18,520 --> 00:12:20,680 The internet has created so much opportunity. 443 00:12:20,680 --> 00:12:21,520 Right. 444 00:12:21,520 --> 00:12:23,720 Anyone with a laptop and an internet connection 445 00:12:23,720 --> 00:12:26,200 can reach a global audience. 446 00:12:26,200 --> 00:12:27,920 It's pretty amazing when you think about it. 447 00:12:27,920 --> 00:12:28,760 It is. 448 00:12:28,760 --> 00:12:30,360 It's like a level playing field. 449 00:12:30,360 --> 00:12:33,240 Where creativity and hard work can really pay off. 450 00:12:33,240 --> 00:12:34,680 I love that it's so empowering. 451 00:12:34,680 --> 00:12:36,960 And the freedom is incredible. 452 00:12:36,960 --> 00:12:37,800 Right. 453 00:12:37,800 --> 00:12:38,640 You can work from anywhere. 454 00:12:38,640 --> 00:12:39,480 Exactly. 455 00:12:39,480 --> 00:12:41,160 But it's not a free-for-all. 456 00:12:41,160 --> 00:12:42,200 Oh yeah, for sure. 457 00:12:42,200 --> 00:12:44,880 It still takes work and dedication. 458 00:12:44,880 --> 00:12:46,520 And a willingness to adapt. 459 00:12:46,520 --> 00:12:47,480 Absolutely. 460 00:12:47,480 --> 00:12:50,400 So for our listeners who are feeling inspired. 461 00:12:50,400 --> 00:12:51,240 Yeah. 462 00:12:51,240 --> 00:12:52,280 But maybe a little overwhelmed. 463 00:12:52,280 --> 00:12:53,480 It's a lot to process. 464 00:12:53,480 --> 00:12:54,640 What's the first step? 465 00:12:54,640 --> 00:12:56,320 I think it starts with self-reflection. 466 00:12:56,320 --> 00:12:57,160 Okay. 467 00:12:57,160 --> 00:12:58,000 What are you good at? 468 00:12:58,000 --> 00:12:59,200 What are you passionate about? 469 00:12:59,200 --> 00:13:00,040 Okay. 470 00:13:00,040 --> 00:13:01,160 What problems can you solve? 471 00:13:01,160 --> 00:13:03,120 So it's not about copying Sarah. 472 00:13:03,120 --> 00:13:04,160 No, not at all. 473 00:13:04,160 --> 00:13:05,760 It's about finding your own path. 474 00:13:05,760 --> 00:13:08,600 Exactly what works for her might not work for you. 475 00:13:08,600 --> 00:13:09,720 And that's okay. 476 00:13:09,720 --> 00:13:11,160 And it's okay to start small. 477 00:13:11,160 --> 00:13:12,000 Right. 478 00:13:12,000 --> 00:13:12,840 Absolutely. 479 00:13:12,840 --> 00:13:15,240 You don't need to build a million dollar business overnight. 480 00:13:15,240 --> 00:13:16,200 Take baby steps. 481 00:13:16,200 --> 00:13:17,040 Yeah. 482 00:13:17,040 --> 00:13:17,880 Experiment. 483 00:13:17,880 --> 00:13:18,880 Learn and grow. 484 00:13:18,880 --> 00:13:21,160 I love that this has been such a great conversation. 485 00:13:21,160 --> 00:13:22,000 You too. 486 00:13:22,000 --> 00:13:23,520 We've covered so much ground. 487 00:13:23,520 --> 00:13:24,840 The good, the bad, and the ugly. 488 00:13:24,840 --> 00:13:25,680 Exactly. 489 00:13:25,680 --> 00:13:26,840 But we're not done yet. 490 00:13:26,840 --> 00:13:27,680 Oh really? 491 00:13:27,680 --> 00:13:29,680 In part three we're gonna tackle another big question. 492 00:13:29,680 --> 00:13:30,520 Okay. 493 00:13:30,520 --> 00:13:31,360 Hit me. 494 00:13:31,360 --> 00:13:32,200 Sustainability. 495 00:13:32,200 --> 00:13:33,040 Interesting. 496 00:13:33,040 --> 00:13:36,400 This laptop lifestyle actually last. 497 00:13:36,400 --> 00:13:38,440 Ooh, that's a good one. 498 00:13:38,440 --> 00:13:40,320 All right, so we're back talking about 499 00:13:40,320 --> 00:13:43,440 Sarah Finance and this whole online income thing. 500 00:13:43,440 --> 00:13:44,440 Yeah, and I think, you know, 501 00:13:44,440 --> 00:13:46,640 we talked about a lot of the like exciting parts. 502 00:13:46,640 --> 00:13:47,560 The potential. 503 00:13:47,560 --> 00:13:49,000 Yeah, the strategies. 504 00:13:49,000 --> 00:13:51,520 But I wanna like step back for a minute. 505 00:13:51,520 --> 00:13:52,360 Okay. 506 00:13:52,360 --> 00:13:54,000 And think about the bigger picture. 507 00:13:55,440 --> 00:13:56,440 The long game. 508 00:13:56,440 --> 00:13:59,040 Yeah, because it's easy to get caught up in the hustle. 509 00:13:59,040 --> 00:13:59,880 Right. 510 00:13:59,880 --> 00:14:00,920 Just trying to make a quick buck. 511 00:14:00,920 --> 00:14:01,760 Yeah. 512 00:14:01,760 --> 00:14:02,800 And forget about the impact we're having. 513 00:14:02,800 --> 00:14:03,640 We're talking about ourselves. 514 00:14:03,640 --> 00:14:05,200 Yeah, but also unlike the world around us. 515 00:14:05,200 --> 00:14:06,720 Absolutely, we're talking about the sustainability. 516 00:14:06,720 --> 00:14:07,560 Exactly. 517 00:14:07,560 --> 00:14:08,760 And not just in the environmental sense. 518 00:14:08,760 --> 00:14:09,600 Right. 519 00:14:09,600 --> 00:14:13,560 But also like can these online business models actually last? 520 00:14:13,560 --> 00:14:15,560 Yeah, because the internet changes so fast. 521 00:14:15,560 --> 00:14:17,640 Oh my gosh, it's constantly evolving. 522 00:14:17,640 --> 00:14:20,040 What's hot today might be gone tomorrow. 523 00:14:20,040 --> 00:14:22,720 So how do you build something that's actually gonna last? 524 00:14:22,720 --> 00:14:23,640 That's the tough part. 525 00:14:23,640 --> 00:14:25,680 Right, because it's like trying to predict the future. 526 00:14:25,680 --> 00:14:29,000 Yeah, but I think it starts with being willing to adapt. 527 00:14:29,000 --> 00:14:29,840 Okay. 528 00:14:29,840 --> 00:14:31,000 Learn new things. 529 00:14:31,000 --> 00:14:33,000 Embrace new technologies. 530 00:14:33,000 --> 00:14:33,960 Be flexible. 531 00:14:33,960 --> 00:14:34,800 Exactly. 532 00:14:34,800 --> 00:14:36,880 Don't be afraid to like pivot if you need to. 533 00:14:36,880 --> 00:14:39,800 Right, because what worked yesterday might not work today. 534 00:14:39,800 --> 00:14:42,800 Okay, so that's like the business side of sustainability. 535 00:14:42,800 --> 00:14:43,640 Okay. 536 00:14:43,640 --> 00:14:44,640 But what about the environmental side? 537 00:14:44,640 --> 00:14:46,400 Oh yeah, that's a huge factor. 538 00:14:46,400 --> 00:14:48,160 I mean, all this online stuff. 539 00:14:48,160 --> 00:14:49,520 Our data centers. 540 00:14:49,520 --> 00:14:50,560 Our vices. 541 00:14:50,560 --> 00:14:51,400 Shopping have. 542 00:14:51,400 --> 00:14:52,640 Streaming all day. 543 00:14:52,640 --> 00:14:53,720 It all adds up. 544 00:14:53,720 --> 00:14:55,800 Yeah, it definitely impacts the planet. 545 00:14:55,800 --> 00:14:59,480 So how do we make sure we're not doing more harm than good? 546 00:14:59,480 --> 00:15:01,280 That's a good question. 547 00:15:01,280 --> 00:15:02,440 I mean, I struggle with that too. 548 00:15:02,440 --> 00:15:03,280 See too. 549 00:15:03,280 --> 00:15:07,960 Because we want to empower people to build a better life online. 550 00:15:07,960 --> 00:15:08,800 Right. 551 00:15:08,800 --> 00:15:11,080 But not at the expense of the planet. 552 00:15:11,080 --> 00:15:13,480 So it's about making conscious choices. 553 00:15:13,480 --> 00:15:14,320 Okay. 554 00:15:14,320 --> 00:15:17,240 Like choosing eco-friendly web hosting. 555 00:15:17,240 --> 00:15:18,160 Oh, that's a good one. 556 00:15:18,160 --> 00:15:20,200 Minimizing our digital waste. 557 00:15:20,200 --> 00:15:21,520 Deleting those old emails. 558 00:15:21,520 --> 00:15:23,520 Yeah, getting rid of files we don't need. 559 00:15:23,520 --> 00:15:26,640 Supporting companies that care about the environment. 560 00:15:26,640 --> 00:15:27,680 It all makes a difference. 561 00:15:27,680 --> 00:15:29,960 So it's really about taking responsibility 562 00:15:29,960 --> 00:15:31,680 for our own digital footprint. 563 00:15:31,680 --> 00:15:32,520 Exactly. 564 00:15:32,520 --> 00:15:34,320 And making sure our online businesses 565 00:15:34,320 --> 00:15:35,520 are part of the solution. 566 00:15:35,520 --> 00:15:36,680 Not the problem. 567 00:15:36,680 --> 00:15:37,680 Okay, I love that. 568 00:15:37,680 --> 00:15:40,600 And you know, sustainability isn't just about the environment. 569 00:15:40,600 --> 00:15:41,440 Oh, right. 570 00:15:41,440 --> 00:15:43,480 It's also about the social impact of our businesses. 571 00:15:43,480 --> 00:15:44,520 Okay, what do you mean by that? 572 00:15:44,520 --> 00:15:47,760 Are we creating real value for our customers? 573 00:15:47,760 --> 00:15:48,600 Oh yeah. 574 00:15:48,600 --> 00:15:51,360 Are we treating our employees and collaborators fairly? 575 00:15:51,360 --> 00:15:52,200 Right. 576 00:15:52,200 --> 00:15:55,680 Are we contributing to a positive online community? 577 00:15:55,680 --> 00:15:56,960 I love that you bring up community. 578 00:15:56,960 --> 00:15:57,800 Yeah. 579 00:15:57,800 --> 00:15:59,040 Because it's so easy to get caught up 580 00:15:59,040 --> 00:16:00,360 in our own little world. 581 00:16:00,360 --> 00:16:01,200 Our own hustle. 582 00:16:01,200 --> 00:16:02,040 Yeah. 583 00:16:02,040 --> 00:16:02,880 And forget that we're all... 584 00:16:02,880 --> 00:16:05,080 For all part of this digital ecosystem. 585 00:16:05,080 --> 00:16:06,760 And our actions have ripple effects. 586 00:16:06,760 --> 00:16:07,600 Exactly. 587 00:16:07,600 --> 00:16:08,680 So let's be mindful of that. 588 00:16:08,680 --> 00:16:09,520 Yeah. 589 00:16:09,520 --> 00:16:10,840 Let's build businesses that benefit everyone. 590 00:16:10,840 --> 00:16:12,320 I like that. 591 00:16:12,320 --> 00:16:13,160 Okay. 592 00:16:13,160 --> 00:16:14,000 Yeah. 593 00:16:14,000 --> 00:16:15,400 So as we wrap up this deep dive, 594 00:16:15,400 --> 00:16:17,760 what's the key message for our listeners? 595 00:16:17,760 --> 00:16:18,880 I think it's this. 596 00:16:19,800 --> 00:16:23,200 The internet offers amazing opportunities. 597 00:16:23,200 --> 00:16:24,040 Mm-hmm. 598 00:16:24,040 --> 00:16:25,320 But we need to approach them 599 00:16:25,320 --> 00:16:26,880 with a sense of responsibility. 600 00:16:26,880 --> 00:16:27,720 Okay. 601 00:16:27,720 --> 00:16:30,160 Let's build businesses that are not just profitable. 602 00:16:30,160 --> 00:16:31,000 Right. 603 00:16:31,000 --> 00:16:33,360 But also ethical, sustainable. 604 00:16:33,360 --> 00:16:34,200 Right. 605 00:16:34,200 --> 00:16:37,720 And contribute to a better online experience for everyone. 606 00:16:37,720 --> 00:16:39,800 I love that it's about finding that balance. 607 00:16:39,800 --> 00:16:40,640 Yeah. 608 00:16:40,640 --> 00:16:42,680 Between personal success and collective well-being. 609 00:16:42,680 --> 00:16:43,520 Exactly. 610 00:16:43,520 --> 00:16:45,080 Making money is great. 611 00:16:45,080 --> 00:16:45,920 Of course. 612 00:16:45,920 --> 00:16:46,880 But it's not everything. 613 00:16:46,880 --> 00:16:49,040 We need to build a digital world that we're proud of. 614 00:16:49,040 --> 00:16:50,360 A world that's fair. 615 00:16:50,360 --> 00:16:51,200 Included. 616 00:16:51,200 --> 00:16:52,020 And sustainable. 617 00:16:52,020 --> 00:16:53,920 I couldn't agree more. 618 00:16:53,920 --> 00:16:55,760 Well, that's a wrap on our deep dive. 619 00:16:55,760 --> 00:16:57,280 Wow, that was a lot. 620 00:16:57,280 --> 00:16:58,120 It was. 621 00:16:58,120 --> 00:16:59,320 But hopefully it was helpful. 622 00:16:59,320 --> 00:17:00,160 I think so. 623 00:17:00,160 --> 00:17:02,720 We explored a lot of different ways to make money online. 624 00:17:02,720 --> 00:17:05,760 From affiliate marketing to real estate. 625 00:17:05,760 --> 00:17:07,560 But we also talked about the importance 626 00:17:07,560 --> 00:17:08,920 of doing it ethically. 627 00:17:08,920 --> 00:17:09,760 It's a story. 628 00:17:09,760 --> 00:17:12,200 And building a digital world that we actually wanna live in. 629 00:17:12,200 --> 00:17:14,120 Couldn't have said it better myself. 630 00:17:14,120 --> 00:17:15,840 So for everyone listening. 631 00:17:15,840 --> 00:17:16,680 Yeah. 632 00:17:16,680 --> 00:17:19,480 We hope you feel inspired to go out there 633 00:17:19,480 --> 00:17:20,840 and create something amazing. 634 00:17:20,840 --> 00:17:23,280 The internet is full of possibilities. 635 00:17:23,280 --> 00:17:25,320 But it's up to us to shape it in a way 636 00:17:25,320 --> 00:17:26,600 that benefits everyone. 637 00:17:26,600 --> 00:17:28,360 So go out there and make a difference. 638 00:17:28,360 --> 00:17:29,400 Until next time. 639 00:17:29,400 --> 00:17:57,960 Keep diving deep.