Millionaire Reacts: Making $378K A Year As A Fiverr Freelancer

welcome back to the graham stefan show my name is graham and welcome to my show and today guys we got an episode from my all-time favorite youtube channel cnbc make it and now what they're doing i'm loving these episodes what they're doing is they're following the lives of millennials and then they're seeing how they make their money and this episode here i could tell this is going to be a banger of an episode just look at the title it's called making dollar sign 378k a year as a fiverr freelancer wait for it smash the like button for the youtube algorithm and i gotta say making 378 thousand dollars a year on fiverr it's a lot of five dollar bills i am curious how she's doing this but you know what let's see and the only way we could find this out is by smashing the like button for the youtube algorithm and getting your two free stocks down below in the description because weeble is going to be giving you two free stocks worth all the way up to dollars 1850 need to deposit 100 on the platform that is a good deal but with that said guys now after you've done that let's start the video and see how she makes so much money on fiverr that's fantastic let's see i doubled my income overnight and that was crazy to me at 24.25 making 14 or 15k per month is insane you're not even emotionally prepared she's got the mcdonald's color going on between like the red hair and the yellow car ronald mcdonald would be proud of those colors my name is alex fasulo i'm 28 years old and i make 378 000 per year as a freelance writer on fiverr.com i lived in new york city for the past six years and i now live in florida oh see cnbc always just always features people from new york city but i feel like they just found a loophole they got someone else from new york city who moved somewhere else they're like you're technically not living in new york city but we all know they're from new york city [Music] okay so alex primarily ghost writes ebooks and blog posts i'm wondering though wouldn't she make more money just writing her own stuff like i guarantee she'd be able to make a million dollars a year writing about how you could make 300 000 a year on fiverr like she could just teach people there's got to be a bit of a template that you could just replicate this over and over and over again wait a second she charges a thousand dollars for a 10 000 word ebook that's not fiverr first thing that comes to mind with fiverr is like that's five bucks she's charging a thousand dollars on fiverr or no it must be like per word my clients vary beyond what you can imagine from large corporations that you've heard of down to entrepreneurs or influencers or people who manage their influencing dog on instagram i've written ebooks for quite a few dogs that's fantastic i got you know what ramsay needs a book ramsay needs a memoir would people even buy that like no joke i would pay her a thousand dollars if you're watching this right now i'll pay you a thousand bucks write a book for ramsay and i'll sell it i bet people would love to hear about like his escapades of like what he does all day uh day in the life of a cat because i i bet worst case i'd make my money back like it's a break even for me but you know what then you could say like my cat is a published author we should do this guys just let me know if you guys want ramsay to write his own book just comment down below in the description let me know we can make that happen because he's seen some stuff he's that that cat has seen things what is this she landed a job in new york city after applying to over 200. after applying to over 200 what jobs she applied to 200 jobs say that say jobs after applying to over 200 jobs i accepted this pr job that paid 36 000 per year i felt so out of place i was so unhappy and i i was crying on my keyboard that i quit and i don't normally quit things and that monday when i was supposed to go into work i just couldn't good you know what i believe if you have like such a strong emotional disdain for what you're doing and you're that miserable quit i felt that very same way when i was doing like a quick stint i i could say it now it's been so long ago i worked for this company called gold line international they were in santa monica and this is like the weird time between like i was a senior in high school and we didn't quite graduate yet but i didn't have any classes so i went to work for gold line i hated it this was like a nine to five job i i don't remember anymore how much i was getting paid it was like ten bucks an hour nine bucks an hour i i forget it was so bad that every day i woke up i was miserable and the only time i was happy was like 15 minutes before the job ended because then i knew i'd be done for the day but that happiness only lasted about two hours because then it's like well crap i gotta do this all again tomorrow i hated it fridays were awesome but then like i hated sundays because then sunday was like ah i gotta wake up and i gotta do this again i hated that feeling i will do anything never to experience that again and that's been my big push towards working for myself was never to have to go through that experience ever again because i hated it so much so i relate to that 100 that first week on fiverr i started to discover that i was capable of earning money on my own without anyone telling me what to do which means each passing day the idea of applying to another job just vanished it just disappeared in the thin air that's a liberating feeling i gotta say to be able to know that you could sustain yourself with no one telling you what to do with no guaranteed paycheck it's on you that's a big discipline that not many people have not many people could go and forge their own way and make their own money this is fantastic that she was able to do this on her own and best of all it's like once it starts like that you can never go back she'll never be able to go back to another like normal job ever again after this good alex is working 10 to 12 hours a day seven days a week that's what you gotta do if you're gonna stand out if you're gonna be one of the best you could be on fiverr or really anywhere you got to put in those hours you have to do it there's no work around there's no shortcut when it comes to this after about a year of hitting it really hard on fiverr i opened way more services i think i had like 12 or 13 gigs at the time there we go uh her thing is foswaldo how'd she come up with that username i will write catchy product descriptions i will write your bio or about me i will edit your seo copy i will write a press release starting at 100 bucks i will write your content for your website interesting stuff let's see i will write an ebook on any topic we should almost jack we should almost make this like a challenge just give it like some random topic that we could then spin around like jack you need a memoir too so what we could do we could have a memoir from my cat ramsay and then jack you need a memoir too about just like the perils of going and working for graham and just like everything i put you through where i'm like jack it's 11 p.m we gotta post the video on monday the next day at nine we gotta get it done this is cool i love this sh she she does a bit of everything it's nice i was ranked level two on the site and the site has these levels that allow you to charge more as you advance through them yeah allowed to charge more that's why that's why okay now it makes sense now it makes sense why she's on fiverr but being able to charge 300 a thing because my only experiences with fiverr so far have been terrible oh my god so the first experience was like literally for five dollars i wanted some graphic design done just for an idea it was just it was terrible i mean the guy i was talking to we were totally on different pages and there were like five revisions that went by where we could not effectively communicate and i don't know what was getting lost after a while i'm like i just give up like i'm gonna pay you uh but it's just i didn't get what i wanted and i it was actually more than five bucks i think it was like 25 but then again like i guess you kind of get what you pay for so it makes sense in 2017 i made 63 000 that year and in 2018 i jumped to making 273 thousand dollars which was the craziest jump you could ever imagine why isn't she scaling this up here's the thing she needs someone else helping her with this she needs to train somebody else who could kind of do what she's doing but she's the funnel she oversees someone else who's helping her out and she should be able to turn that 378 000 into 500 000 i think within six months just by bringing on someone else who's with her throughout the day eight hours a day helping her out with this stuff it took me a couple years to accept that i was making that money the only thing that i would say i started to spend more on to treat myself was travel experiences and music festivals i'm pretty sure if a financial planner sat down with me they would be disgusted by me and my management of my money oh you know what you know what alex if you want me to dissect your income and expenses i would be more than happy to do that let's do that i would l i would love to my strategy is just basically if i know i'm making like 15 to 20k i kind of just in my head try and make sure i'm saving at least 50 of it yeah but what about taxes what about the taxes here's the thing if you're making 15k probably about 40 percent of that is probably going to taxes in some way or another so like half of it anyway is tax unless you're talking about saving half after tax we got to be talking about that i think like most entrepreneurs i have a problem with having my money like locked up in accounts it's just not how my brain works i kind of like to have it at my disposal so if i come up with some like project or real estate investment i want to do i can just grab it no no no no no here's the thing you could still invest your money and have it at your disposal like i would recommend at 378 you should be investing i would be telling you to invest a hundred thousand a year that even i think is on the low end if you're making this amount of money you should be able to invest a hundred thousand dollars a year into the stock market than a broad index fund and if a great investment came up that you needed the money you could always sell it you have it in your account in like 24 hours it's back but yeah don't not save for retirement i mean here's the thing is that i am a firm believer that you can never plan for like self-employment income like this more than like a few months in advance you never know what's gonna happen there's so many things outside of your control even though i have a feeling you're gonna continue to do like this well for a while it's not guaranteed so you gotta save while you can whoa wow look at this guys two thousand dollars a month on food wait used to spend used to spend oh i thought it said you currently okay let's see wow in a fifty thousand dollar cash jeep wrangler why don't you just get a used jeep wrangler get a used one for 25 grand i bet we could find some great deals you know i'm not going to look them up i i know you can find great jeep wranglers in the 20k range save 30 000 don't get a new car like this it's just gonna depreciate yeah additional income uh unlike all online courses yeah listen alex i think your online courses are probably where the real money maker is gonna be at that's what i think now for anyone interested by the way just because i haven't done this in a while if you guys want 200 off my own youtube program it's called the youtube creator academy teaches you how to make youtube videos what to look for how to work the algorithm into your favor how to get monetized how to grow that into a business so for anyone interested in that 200 off for the first 48 hours how's that 48 hours and there's a no questions asked refund policy for the first 21 days so if you're unhappy for whatever reason or you just decide to watch the whole thing and then decide at the end of it eh wasn't worth it just ask for a refund you get 21 days to do that or if you like it just you know it's yours to keep so anyway that's my pitch how is that i think that's fair that's a fair [ __ ] i said to her you know hey i have 350k chilling in my bank account you want me to get this house and you can pay me back why is she having 350k sitting in a bank account mistake number one listen if i was your financial advisor there would not be more than twenty thousand dollars sitting in any account in cash at any given point that's too much money that's too much money this house my mom put down the twenty thousand dollar down payment and then i paid the rest which was 287 000 and we transferred the money out of my bank account to the seller terrible terrible decision why is she buying houses cash on top of that i really hope i really hope her mom can refinance out of that get a low interest rate mortgage pay her back that's a messy thing and i would have liked to have gotten a mortgage on that property it's just worth it you get the tax write-offs you benefit from inflation that mortgage is extremely cheap to pay off that 350 is more valuable to you to reinvest back into the business or in the stock market than being tied up in a real estate deal for who knows how long so that's what i would have done this first property i want to buy in southwest florida it's cheap because it's only a one two bedroom tiny little thing so i'm actually thinking of buying two of them right off the bat one of them i would immediately start to rent out on airbnb and then the other one i would use for myself slash a filming studio because right now i don't have one and i definitely want one set up so i'm more inclined to do youtube content oh yeah there we go that that was the missing little ingredient of cnbc is it like oh the youtube channel i haven't got the youtube channel everyone on cnbc now has a youtube channel listen honestly i think alex you should make a youtube channel so i think exactly what what you're talking about here i'm all for it i do think that's the right choice for you women get treated much differently than men if they're posting about the money they earn on tick tock if i post a video showing my receipts as gen z says the comments are flooded with men saying no you don't you know calling me mean terms sexual terms or saying oh she made it on only fans what oh okay i guess here's my thing i've never experienced that because i'm like i'm coming from the guy's perspective and i'm like i wouldn't i would never think that i would never say something like that um but uh yeah i guess it's different it's weird when a lot of the money audience i think like 80 something percent is is meant so women make up the minority of the audience here so it's definitely i think i think we do need more women in the space of personal finance and i think it needs to become more socially acceptable for anybody from any background to talk about how much money they make and help each other out with personal finance i'm all for that i definitely noticed a huge pushback being a woman and i've had all sorts of people write to me and say it's very unbecoming as a woman that you post that money you know you should keep your mouth shut about it gosh who's saying that though i can't imagine the type of person who's sitting behind their computer screen just like watching what other people do and then just talking negatively about them i can't imagine just like what what their life must be like for them to be like oh look at these people all doing well let me go and get angry at them online and dismiss all their accomplishments because here's the thing like the people who are saying that stuff have nothing of their own going on like like most people who are successful have enough going on in their own life they don't even have time to talk anything negatively about somebody else so yeah being transparent with what i am earning has earned these people's trust and showed them it is possible a girl from a farm in upstate new york did it i can do it too okay so uh we're gonna be doing the good ol criticism sandwich i'm gonna say something positive something negative and then end it with another positive so i gotta say overall her being resourceful on fiverr and growing that business fantastic absolutely fantastic no complaints at all with what she's doing the downside though is we gotta get a good idea of how she's saving and investing and spending this money that is where i feel we could get into the nitty-gritty of this because she's doing so well that she has a unique opportunity to save and invest a ton of money and it's a little worrying to me that she's got like 300 grand sitting in a bank account or that her food bill is still like fifteen hundred dollars a month going and buying a property in cash now i realize that that's to help your mom that's that's fine but then going and buying a fifty thousand dollar car cash that you could have bought for thirty i just little stuff like that starts to add up and like going and buying that car instead of a car half the value that's 25 grand less that you could go and invest that 25 grand could be worth 200 000 30 years from now if you just invested it so a lot of those little things i i'd say it's really about tweaking your spending tweaking your saving investing more money and lastly on the other positive but i have no doubt she'll be able to take this to 500 000 a year by hiring one person go and pay one person like 40 grand a year to help you out that's gonna take you from 378 to five you're gonna make you're gonna make that back that that's my recommendation and uh alex if you want me to go and critique and criticize and react to uh your spending habits let me know and i'm sure we could do that we could do like a split screen or something on here let me know if you're interested in doing that and uh alex amazing episode cnbc thank you so much for doing that and of course with that said you guys thank you so much for watching i really appreciate it as always make sure to destroy the like button subscribe button and notification bell also feel free to add me on instagram i posted pretty much daily so if you want to be a part of it there feel free to add me there as on the podcast the iced coffee hour new episodes being posted every single sunday and lastly if you guys want those two free stocks use the link down below in the description and weeble's gonna be giving you two free stocks we need to deposit a hundred dollars on the platform and those stocks could potentially be worth all the way up to one thousand to eight hundred and fifty dollars so if you guys want that it's pretty much like free money you may as well get free money so enjoy let me know which stocks you get thank you so much for watching and until next time

Channel: The Graham Stephan Show

Views: 185,893

Rating: 4.9492283 out of 5

Keywords: investing, investing for beginners, how to invest, how to invest in your 20s, how to invest in stocks, how to invest in real estate, how to save money, how to save money fast, how to be a millionaire, best stock trading apps, stock market investing, stock market investing for beginners, investing 101, real estate investing, robinhood, how to build wealth, how to build wealth fast, passive income, millionaire reacts, what i spend in a week, millennial money, watching ads

Id: whNF01dvdno

Length: 18min 29sec (1109 seconds)

Published: Tue Mar 16 2021