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0:00 – Start here
0:36 – 1st business
2:00 – 2nd business
3:34 – 3rd business
4:54 – Sponsor
6:15 – 4th business
7:50 – 5th business
9:18 – 6th business
10:49 – 7th business
I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
Instagram ➤➤➤ https://www.instagram.com/nateobrienn/
Twitter: https://twitter.com/nateobrienn
Thank you
Crazy I am currently in the works to start a clothing brand
It’s certainly possible to create a successful clothing business, but there are a lot of hurdles. I wish you the best of luck.
Tbh, marketing is one of the only things that can help differentiate you from other brands. Even if you have the most unique idea or there, there will still be at least 10 brands doing the same thing. I want to start a marketing agency and provide service to clothing brands, so I’ve been learning about this for quite some time now and this is my conclusion so far
@Nate O’Brien Is it advisable to start a clothing business through print on demand method? I’m thinking of going down this route to see where it takes me.
Bro same i want to make something about bitcoin frogs
@muhd faridjust make sure the quality is good. Don’t sell anything you wouldn’t wear yourself
John 3:16 For God so loved the world he gave his only begotten son. Who ever believes in him shall no perish but have everlasting life ❤️ Repent turn away from your sins and follow the lord. Tomorrow is not promised
But I started clothing store print on demand on tsping website
thanks Nate this was enlightening
I am now enlightened
Nirvana
ramen
dope og name
ramen lol
What‘s the difference between affiliate marketing and multi-level marketing?
MLM usually requires an upfront fee to join, which is where most of the money is made unfortunately..
@Nate O’Brien Thanks a lot, Nate!
@chapakeaz Thank you very much👊🏼
Please be careful when “generalizing” (my term for this content for #7) I am a full time Network Marketer with Herbalife. Yes, there are some out there. Herbalife has proven track record and we don’t make money by just signing people up. I have a big “retail” business and show others how to do the same. Yes, we make Royalties, but ONLY if and when we show others how to get people on the program and get great results. “Where products flow, Royalties grow”. Not trying to start controversy, just putting the facts out there.
I disagree with you on the MLM example. I am with an MLM company and there are 0 costs to join, 0 money is made for recruiting – the money is made from the actual product sales. And yes, the commission for the product sale is split between different distributors but that’s the money saved from not having advertising costs, no retailer costs etc. @NateOBrien PS/ I love your videos
My friend and I are starting a garlic farm, it’s nearly impossible to bootstrap that
Garlic farm is awesome
@Nate O’Brien funding it is damn near impossible though 🤷♂️
I’ll swing back around and let you know how it’s going after first planting
Document the process and maybe crowdfund
Subway just got acquired lol
yeah corporate made billions but howe did the franchisees fare?
Oh ish, last wee I just started my trending clothing franchise 😮
Thankfully I can get a loan for my vending machine restaurant, I even get more for recruiting others 😅
perfect plan!
I’d add dropshipping to the list.
Drop shipping can be great for testing product demand or making a quick buck, but I would rather have operations in house if you’re trying to scale a multi-million dollar company
@Nate O’Brien Do you see dropshipping as something worthy to start this year?
Highlights
🚫 Clothing Company – Starting a clothing company is discouraged due to tough margins, difficulty in gaining customer interest, and the necessity of influencer status for success.
🚫 Franchise from Larger Corporation – Franchises offer limited scalability, corporate control, and potential profit challenges due to royalty fees.
🚫 Fad or Trend Products – Businesses revolving around short-lived trends result in risky investments and potential inventory losses as prices drop rapidly.
🚫 Restaurant – The restaurant industry has low-profit margins, fierce competition, and increased risks, especially during economic uncertainties and lockdowns.
🚫 ATM/Vending Machine Business – While appealing, the profit margins of these businesses are often undermined by time and operational costs, making scalability difficult.
🚫 Loan-Dependent Businesses – Starting a business with a loan can lead to financial instability and personal guarantees, with bootstrapping being a safer approach.
🚫 Pyramid-like Businesses – Multi-level marketing and pyramid schemes can lead to unsustainable business models and financial pitfalls.
Please note that Nate acknowledges this list is subjective, and while success is possible, these businesses are generally advised against.
How quick you are, great summary!
Greetings from Cancun Nate!
Greeting from New york
This is a great video 👏🏼
Great vid! Thanks Nate
I love your username. I’m a cat! 😈
You kind of grew up right before our eyes
Nate I was wating for your new video, make more, thank you!
Great advice once again Nate!🩵🩵
@Nate O’BrienNo, you don’t! 😠
On the thumbnail you look like a baby 🫣😇
The way you explain mlm tho.. All agency structures, sales etc are mlm structure. Structure is great, some companies are shit/scam.
Always a good day when Nate uploads
I think Iman Gadzhi has talked about this with similar recommendations (from his paradise in Dubai, maybe). But in a chapter toward the end of his 2018 book “Skin in the Game”, Nassim Nicholas Taleb advises “You must start a business”. Imagine if everyone tried to do that, we would have a world of spam and nothing else!
Where is the best place to avoid taxes or countries?
Cemeteries
I’ve decided I’m staying on the family farm in Ohio, now I just need to figure out what to do with it.
Would you consider a mortgage one of these business loans to avoid? I’m specifically referring to the short term rental property business model. I don’t have 100% of the cash to purchase a home but I would love to invest in a property and obviously use the rental income to make the mortgage payments.
I think mortgages for rental properties can be okay. As long as you don’t spread yourself too thin. Need to have big safety nets
This is great advice. Codie Sanchez had a video similar to this. Have you watched any of her videos?
Finally some advice I can follow. You usually have lists of things that I’ll never do and then feel lazy about. 😂 but now I can be relieved I never invested in a restaurant or took out a business loan
Whoa whoah whoa…there are pest control MLMs? This is new info to me. Crazy!
Starting a construction business is so great right now. Easy to bootstrap with tools from a pawn shop and a minivan lol. Commercial or direct to consumer (ei landscapers, deck builders, roofers) has great margins. Residential sub-contracting isn’t really a business with the margins being so low, it’s more like a job.
Yes it’s a good start as a small business with very little costs but tough to scale
سلام 🌹 برای اینکه بتوانم از مطالب خوب شما بهره بیشتری ببرم، لطفا” ترجمه فارسی فعال کنید. در قسمت زیرنویس و کامنت ها🌹 متشکرم🌹
Always a great day when nate uploads
Aloha Nate. New subscriber and I’m slowly working my way thru your videos. I appreciate your interesting and useful tips and ideas. I really liked videos of you in the forest and mountains. I grew up in the high country of Colorado near Leadville (I think you mentioned that town once), so it reminds me of home. Such a contrast to Bangkok where I moved to this year!
Correct me if I am wrong, but I think franchising and MLM are both one of the same.
@Trickky456 No thanks.
Good points! You mentioned passion a couple of times, I think this is a key word. One shouldn’t think what business will get me rich, let’s open that business, instead you should follow your passion. If you aren’t passionate about it, you shouldn’t start that business at any point of time imo
But if your passion is an already saturated markets and your products won’t find enough customers ? Wouldn’t you rather sell something boring but with high margins and high demand versus offer ?
@Rita J I think one should strive to build a business that is meaningful for him/her
Agreed, so much easier to burn out prematurely without passion.
Hi! Your audio is low in the video. I don’t know if its mic or something else.
One in ten businesses fail, taking a loan for a business is dangerous. What beautiful commentary. Thanks as always!
i think a lot of people run after “sexy” ideas but often overlook some great unglamorous opportunities leaving it to smart entrepreneurs
Drop shipping is also a bs business!
Is it really? It was something I was starting to look into 😅
@Lily Well I just think that the probability you make money is slim, the probability you make enough money for it to be worth it is even slimmer.
#8 a grain deal
I’ve noticed the decline in franchises too (especially restaurants).
So basically don’t start any new business this year, says the millionaire on YT.
This’s off topic but Nate’s videos have been utilized as English listening practice by several ppl here in Japan in that his English is so immaculate that it’s well-organized as well as easy to understand.
Wow that’s great!
What would your advice be for people who want to start up a startup without a loan?
He mentioned bootstrapping.
Imagine ragging on pyramid schemes but also promoting Bitcoin in the same video lmao
bitcoin is also a pyramid scheme
I will be forever be indebted to you, you have changed my entire life and I continue to preach on your behalf for the whole world to hear that with just a small investment you saved me from going into huge financial debt. Thank you VRI TOKEN
I did not believe that after the whole FTX drama there’s any good to get this year but *VRI TOKEN* proved otherwise. Bad timing maybe but it’s a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
Lel
My heart goes to the entire community for *VRI TOKEN* building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it’s just about catching the big fish
For the most time of this year if you would invest into anything it is not doing very well I mean that’s pretty obvious. But the launch of *VRI TOKEN* plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet
Just few days in new year *VRI TOKEN* is clearly setting up the new milestone! The only real way to counter the current recession is by acting on yourself, making own decisions and making sure that you got enough no matter what happens. If you trust conventional ways you might end up being homeless or worse at one day, seriously.. This is why I believe in projects like this one which are clearly there to make a difference and it starts right now
between the two, I think I would still support *VRI TOKEN* : technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx…
You are one of the most sophisticated and brilliant YouTuber/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for *VRI TOKEN* much love from Chicago
Finally thanks for the update! I’m trying to hold a million dollars worth of *VRI TOKEN* . Oddly enough it’s a sleeper for some weird reason that not many YouTubers talk about in regards to lnvesting. It has had steady growth since its release.
Idk about price, but I’m going with *VRI TOKEN* . I feel that regardless of gains and losses my funds are safe.
success usually comes to those who are looking for it. Opportunities don’t happen, you create them. That is why I created this wonderful opportunity for my future by investing with *VRI TOKEN*. actually the best I have encountered since i started my quest for online investment. I started with him and got my withdrawal exactly when he said it will be. I have made over $20,000 since my investment with him.
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I’m forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt – consequence of those bad decisions will be payed off next month,It’s never too late to start saving like there’s no tomorrow, and I’m really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *VRI TOKEN* lol, i didn’t made it myself
I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met *VRI TOKEN* the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.
Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *VRI TOKEN* made it stay at that range and getting it up
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you ‘burn’ all your money, you’re perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don’t need with money they don’t have… The only times I feel one should need a credit is when buying ‘big’ things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *VRI TOKEN*
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *VRI TOKEN* info is pretty much universal. If you’re trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn’t help your scores as well
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *VRI TOKEN* , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they’re still working on increasing the capital one since it was so low. All in all I’m satisfied.
Salih
Hesabınımı çaldırdın
I get such GREAT service every time I go to the *VRI TOKEN* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn’t possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join *VRI TOKEN*
Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That’s why *VRI TOKEN* is the best
I don’t consider renting passive income unless you have professional property management. Most people who rent don’t count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven’t seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into *VRI TOKEN* Its more profitable.
I am a longtime user of your investment software program. It is a very useful bit of software, and saves me tons of time at tax time each year. Thanks for the great support over the years, keep this good thing going, *VRI TOKEN* is amazing hands down the best.
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you ‘burn’ all your money, you’re perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don’t need with money they don’t have… The only times I feel one should need a credit is when buying ‘big’ things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *VRI TOKEN*
Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *VRI TOKEN* made it stay at that range and getting it up
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *VRI TOKEN* info is pretty much universal. If you’re trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn’t help your scores as well
I’ve been with *VRI TOKEN* for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.
Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That’s why *VRI TOKEN* is the best
I don’t consider renting passive income unless you have professional property management. Most people who rent don’t count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven’t seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into *VRI TOKEN* Its more profitable.
What a statement, damn. So it’s said that *VRI TOKEN* is just about to launch and I think that will really change a lot of what was happening in the previous years, 2023 will shine yay
For the most time of this year if you would invest into anything it is not doing very well I mean that’s pretty obvious. But the launch of *VRI TOKEN* plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet
Can’t deny the fact that *VRI TOKEN* has the strongest bet to bring lights back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it’s done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don’t see them going bankrupt any time soon.
With almost 60 years of age I kept my doubts on the current environment. But *VRI TOKEN* is seriously smart, it doesn’t matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine
After the Etherem ecosystem, *VRI TOKEN* is the best ecosystem available on the market and most people don’t understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
Interesting talk about *VRI TOKEN* I suggest anyone to listen to the guy talking about it in the video. Personally I didn’t think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
Can’t deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it’s done for good, but I don’t see that the biggest tech company in the world would put everything at risk just for that.
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *VRI TOKEN* Thanks for keeping us informed during this times of doubt?
Anyone else feeling messed up with all the bad happening? Glad that *VRI TOKEN* is giving power to the people which is not what I personally expected but it’s there and everyone can get a good share of that. Don’t just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
Could you do a video on good principles you’d look for in running a business? Thx!
super interesting, thanks for the video!
Thank you very much for this video. 👍☺☺
Generally good list, gotta disagree on vending and atms though.
If you do a cost break down on reasonable locations, you’re at around a $150-$250/hr NOI on time spent. That’s enough of a margin to hire it out. One of my guys closed on a route this year, $100k/yr noi, purchased at $80k
Immediately hired stock/driver for $50k/yr, 37.5% cash on cash return with no growth projection, and in the end he’s growing it.
Two words; retro-fad products.. Time the fad to buy the old stock and burry them in the yard for 10 years. Dig them up and ride the retro wave. I’ve been burying goods in my town for years now and will soon be able to crack my first time capsule retro-fad soon!
Love the content man! So glad I was able to connect with you in person ❤
I miss him so much. We need more knowledge sharing from Nate
Man! Thank you for another inspirational video! I have some success in a dividend investing, that I shared in my new video and just posted on my channel! Can’t wait to hear your feedback.
I was thinking about getting into a vending machine you saved me a lot time
Apollo ( ARI ) pays 12.8% dividend.
Hey Nate thank you for what to avoid business wise. I have always worked a regular job and booked bands on the side. I dont make boatloads of cash but I make extra cash doing something I like and understand. I would like to interview you idf possible on business and how to make money in offline business. Not everyone is cut out for online business.
💬💬💬
It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an adviser to work with. And thank you NATE, for the awesome content! I read a book that made me realized that the secret to making a million is making better investments.
You have done great for yourselves. I understand the fact that tomorrow isn’t promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Eric Thomas Witt has been a valuable resource for our investment journey. I first discovered his insights during a business conference I attended, and further research led me to his web-page, where I reached out for more information. You can also verify his credibility independently.
What I think everyone need is a financial adviser, who can help you get in and out of any investment at any time and you’d sure be in profit!
Have heard very good recommendations about Eric by some YT channels, Seminars and other platforms.
My only input is that a restaurant will fail if it’s too similar to other businesses in the area, the population of adventurous diners is small, or the restaurant is different but not fitting to demographics. If your restaurant is different, has enough people to try it, and is cuisine in demand by a fair number of people, then you likely won’t fail because of over-saturation.
In these uncertain times, it’s more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I’m all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don’t get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That’s impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
My advisor is ‘Margaret Johnson Arndt’. In terms of portfolio diversity, she’s a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience
I checked Margaret up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
Correction: multi level marketing is not a business. It’s a scam. A Ponzi scheme is based upon fraud, not above board business transactions.
The best time to invest in MLM is Never.