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All statements about first law of making money

20 statements about first law of making money in 13 sources, by upload date.

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2021

  • 2021-02-10 · 21 Life Lessons for Teenagers — Ali says side projects are less about money than skills: trying to make something and charge for it is one of the best learning experiences, so neither obsess over money nor treat it as evil. — 00:10:02
  • 2021-03-31 · How to Beat Procrastination — Ali says treating hobbies professionally can go too far, and there is something to be said for not monetising all of them: a hobby like the guitar is fun if it makes a bit of money, but relying on it for a living would make it less fun. — 00:05:15
  • 2021-04-15 · 9 Passive Income Ideas - How I Make $27k per Week — Ali sees money as just a medium for exchanging value: the only way to make money is to provide value, and passive income means providing value in a way not directly tied to your time. — 00:01:27
  • 2021-06-06 · How I Built 9 Streams of Income By 23 — Ali is a huge fan of multiple streams of income: relying on one job is unsafe if you lose it, for example in a pandemic, while with several streams you still have other money coming in. — 00:00:00
  • 2021-06-06 · How I Built 9 Streams of Income By 23 — Ali: Even in a safe job such as being a doctor, Ali says, multiple streams of income give you the freedom and flexibility to do things like go part-time. — 00:00:00
  • 2021-06-06 · How I Built 9 Streams of Income By 23 — recommendation: Ali often tries to make money from what he enjoys: a monetised hobby is fun and earns money, but it has to be done in a way that adds market value, useful to other people. — 00:05:02
  • 2021-06-06 · How I Built 9 Streams of Income By 23 — Ali: Paid close-up magic taught Ali that to make money you have to add value to other people: nobody cared about his magic, only the experience he gave them; he applied this to all his other streams of income. — 00:05:32
  • 2021-07-18 · Answering Uncomfortable Questions With My Personal Assistant — recommendation: Ali advises running a side hustle while keeping the full-time job, using evenings and weekends to learn skills, sell them and make products, rather than quitting first and then working out how to make money. — 00:15:51
  • 2021-10-08 · The Best Book I've Ever Read about Making Money — Ali calls a business built only on a YouTube channel very scary: his business lives and dies by his channel, so with courses like the Part-Time YouTuber Academy he tries to control as much of the process as possible. — 00:16:30
  • 2021-10-20 · Everything's Changing - Life Update — Ali finds it scary that his business relies so much on the Part-Time YouTuber Academy as a stream of income, and says it needs to diversify into other things, such as new courses. — 00:12:07
  • 2021-11-30 · Why I Left Medicine... Forever — Ali: Whenever his business became too reliant on one line of revenue (the YouTube channel, Skillshare or the courses), Ali diversified into other pillars, so he is confident it will survive even if YouTube dies. — 00:37:07

Also named in: How to Make Money Online - 6 Tips in 60 Seconds #shorts

2020

  • 2020-05-01 · How Much Money I Earn in a Week as a Doctor & YouTuber — recommendation: Ali advises thinking about which skills you can teach to make money, on Skillshare, which he likes, or by selling courses on your own website. — 00:24:33
  • 2020-05-19 · How To Make Money Online - The 3 Levels — Ali: At its core, Ali says, money is a medium for exchanging value, so to make money online you must provide some value that someone else is willing to pay for. — 00:01:25
  • 2020-05-19 · How To Make Money Online - The 3 Levels — recommendation: Ali: Selling your services is probably the easiest way of making money online, Ali says, and the one he recommends everyone begin with. — 00:01:54
  • 2020-12-08 · How to ACTUALLY Make Money Online #Shorts — Ali says money is ultimately a tool for exchanging value, so to make money you only have to find a way to provide value that other people will pay for. — 00:00:00
  • 2020-12-08 · How to ACTUALLY Make Money Online #Shorts — Ali says that when he was younger his mindset was to make money online through roundabout tactics such as paid surveys and niche SEO sites, none of which offered value; once he shifted to adding value and being paid for it, many more possibilities opened. — 00:00:13
  • 2020-12-08 · How to ACTUALLY Make Money Online #Shorts — recommendation: Ali: To make money online, Ali advises learning skills that add measurable value, such as graphic design, web design, video editing and illustration, and charging for them rather than selling snake oil. — 00:00:46

2019

  • 2019-09-06 · Life Advice Q&A with my Brother — recommendation: Ali: For students starting out without extra skills, Ali recommends tutoring: it is very easy to do and uses your academic skills. — 00:10:01

2018

  • 2018-06-12 · Live Stream - Tuesday Evening Hangout — Ali: For a productive summer Ali advises finding a hobby you enjoy, getting better at it and working towards making money from it, which he calls the absolute key to everything. — 00:50:31
  • 2018-06-12 · Live Stream - Tuesday Evening Hangout — Ali: Trying to make money from a hobby, Ali says, means putting your work out there, which builds confidence and skills, and makes you improve it until someone values it enough to pay for it. — 00:51:03