Evan Carmichael warns against chasing quick-flip reselling for profit. He shares a story of someone who took massive loans for multiple ventures and ended up in crippling debt. Real wealth comes from finding your passion, delivering genuine value, and committing to one business long-term.
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How to make money. So I got a question from one of my YouTube viewers. Love you guys. Card Games TV1 wrote in, what item is cheap to buy but you can sell for more on eBay? This question frustrates me. I get that you're trying to make money, okay? We all want to make money. Maybe, maybe you're in a lot of debt. Maybe you, you made a gamble, didn't pay off. Maybe you're trying to escape your life that you're at now, you're trying to build a better life for yourself and, you know, go to better circumstances and money helps you get there. I get it, you want money, that's great. But the way to do it, the way to make money isn't to try to find something cheap and sell it for more. That's not how you make a lot of money. You make a lot of money by following your passion and doing something that really helps people. You want to make a lot of money? You need to provide a lot of value. You want to make a lot of money quickly? Provide a lot of value quickly. It's not going to come by selling, finding some cheap product. For a dollar and selling it for $10 on eBay. That's not how you're gonna make a lot of money because you don't love this thing and you're not adding a lot of value. Think about how you can add value. That reminds me of a story of somebody I know, and it's a really sad story. This guy bet big on his dream, okay? He bet big on, on this business idea that he had and took out a huge loan, took out a huge, huge loan. And it didn't work out. It didn't work out mostly because he didn't have the experience. He had a passion, but he didn't have the experience, and he ran out of time. And now he is suffering with crippling debt, just massive debt that all he thinks about is money. All he thinks about is money. If there is a chance to make an opportunity to make some money, he's going to jump on it. And he's running 5 or 6 businesses all at the same time. Always working weekends, always working. This guy's just slammed, constantly working, and it's had, you know, an impact on his personal life as well, not just his business. And none of his businesses are taking off, and he's constantly struggling. It's because he hasn't poured himself into any of them, right? He's just trying to look for a way to get rich quick. It doesn't happen that way. Okay, he might eke out a living. Okay, he can earn a little bit of a living and you can start paying off some of that debt, but he's not going to be massively successful. You cannot be massively successful doing things that you don't love. It's that simple. Running 5 businesses just trying to make a quick buck, putting everybody in your life, you know, at risk and, and not having great relationships, that's not the path. To success. And I get that it all comes from this desire. It's so hard. It can be so hard to see the path when you're struggling. You have crippling debt, you have so many people pressuring you to get money that that's all you focus on. And as society, we're kind of trained to do that, right? We're trained to go to go make money and to get a bigger house and to take on debt. Where do we learn about following our passion and really building great things? But that's the path. That has to be the path. And if you're in that situation, you've got a ton of debt, you have to find something that is unique to you, something that you love doing, something that will help other people, and start doing that, even if it's on the side, part-time. You have to start doing that. You have to find that unique thing that can really make a difference in people's lives, that can really, really benefit them, and something that you can pour everything you've got into. Because it's not going to come by finding cheap products and selling them for a profit on eBay. That's not your path. That's not the path. It has to be something that you love. Believe. For those of you watching, like the video, thumbs up below, leave a comment, let me know what you think, ask me a question below, and click on my face if you want to see more videos like this. Thank you so much.
