Hi guys it's mark so today i'm going to be talking about how passive income allowed me to go from a normal, teen working, a nine-to-five job, to becoming a millionaire in my 20s. I'm going to be sharing with you all the strategies that actually work for me as well as lots of my mistakes, so hopefully you can do even better. This is the story of how i went from a small english town to the rolling hills of san francisco and the bustling city of shanghai china, including all the challenges i faced along the way who knows by watching this video to the end, it may open up A new pathway for you that you might want to walk down you'll also find out why a simple desk like this can mean so much to me. If that sounds good, then give that, like button a smash and strap in for the wild ride, that is my life.

Let me take you back to 1985.. That's the last time i walked out of those gates. I was 16 years old. I was tall skinny and i had ginger hair and i was broke unfortunately, but i knew i wanted to make my mark on the world and there was no way i could do that sitting in lessons learning about things i wasn't interested in.

So i went out to seek my fortune, but before we get there, let me take you back to my teen years. I was always looking to make money. I know it's a little cliche, but when i was a teen, my main side hustle was selling candy and cans of soda to all the other kids in the playground on the weekend. I would also go fishing and catch hundreds of mackerel, which i sold around the neighborhood.

I remember knocking on every single door possible. I was offering a great deal 10 fish for one dollar, but unfortunately no one wanted 10 fish. So i was forced to go back to the drawing board and restructure my business with a new strategy. I decided from now on i'll be selling five fish for one dollar and i was shocked by the results.

Everyone wanted some looking back now. These years were so important, as i was practicing, some of the most important life skills out there, sales and confidence. Without these skills, i don't think i'd have been able to achieve success in later life. So if you just take one thing from this video, then it should be to start honing your sales skills and being confident.

This brings me back to these school gates. When i left here, i had several paths that i could follow. I decided i wanted a nine-to-five job. I needed to learn a skill that set me up for life going to work at 9am and finishing at 5pm was the life that school had been drilling into me for years.

So i really threw myself into it and actually lined up five different jobs, because i was so keen to be successful. I had the choice between being a builder, an electrician, a refrigeration engineer, a shop assistant or a carpenter's apprentice. It was a tough decision, but in the end i decided on becoming a carpenter. The pay wasn't great at around two dollars an hour, but i was learning a skill and i could see the potential for moving up in the company and i really thought that this was my ticket to success.

I really threw myself into my carpentry apprenticeship and i learned everything i could. I even won leadership awards and i really felt like i was moving forward with my life. I finished my apprenticeship with honors from the college and thought here we go. All the big jobs are coming my way, but unfortunately my manager seemed to take a dislike to me.

Maybe he started to feel a little bit threatened by my success and therefore decided to give me all the bad jobs for months on end. He assigned me to making wooden trash cans in the back room. This gave me no ability to show off my skills that i'd learnt and prevented me from working my way up the company to a higher paid job. I thought to myself.

I hadn't really studied all this time to make wooden trash cans. Nowadays, it's a sort of repetitive job, a robot, would do what was even worse is. When i looked around the workshop, i saw many other people doing lots more interesting jobs. So i asked to speak to the manager and where we're filming this is the exact spot where we stood.

I said i needed more of a challenge. I couldn't keep making these bins and you know what he said to me. He said you're, making these bins today. You'll be making these bins tomorrow, we've got a five-year contract with walmart you're gon na be making a lot of these bins.

Now that's when i realised i was completely powerless working a nine-to-five job at the mercy of whoever was in charge. The pay was only just enough to cover my bills, which meant i couldn't just quit, but i was also unable to save any money. I was essentially trapped, so i got a saturday job working in a radio control model shop. I also started a side hustle flipping cars, which basically consisted of finding underpriced cars, fixing them up and then selling them for a profit.

To this day, i still own this ford, fiesta, xr2 mark 1., it's a 1985 model and the cars i was buying. At that stage, would cost me two to three hundred dollars and i was usually flipping them, for i say, 500 to 600 dollars. This little beauty is worth a little bit more than that. Now, though, as well as doing all of this, i was also teaching people to fly radio controlled helicopters.

On a sunday. There was a huge demand at the time and all sunday i would be booked out as long as the weather was good. Having these multiple side, hustles allowed me to finally build out some kind of emergency fund. This is so important.

It gives you the freedom to take advantage of any opportunities that come your way without having to worry about paying your bills. There is a huge opportunity, cost that comes from living paycheck to paycheck, as you're, so focused on next month's wage that you end up going through life with your eyes, half closed and passing up on many opportunities without even knowing it one day at work. The boss asked if anyone wanted to help install this beautiful staircase at a customer's house i jumped at the chance. It was one of the most impressive houses that i'd ever seen.

It had everything i'm talking: marble floors, chandeliers, a private swimming pool and a garage full of beautiful sports cars. It was my dream house. I started daydreaming and adding up how many years it would take me to earn enough money to buy a place like this, and i got gradually more and more demoralized, as even with all my side hustles. I realized i still would never have enough money.

It was so close, but just so far at the same time - and i felt there was really nothing more - i could do to achieve it - i was absolutely exhausted, physically and mentally. I was working every hour of every day while installing the staircase. I would often look out the window and see the owner relaxing in the garden or going off to play golf, and i really couldn't understand how this guy managed to have the life that he wanted and go and have fun whenever he wished. So i had to ask him a few questions and he told me all about how running his business gave him the ability to make money while he slept this is when i first discovered passive income.

I'd never thought this was really possible. For me, a school had only ever taught me one way of making money and that was working a normal job. This concept of making passive income was so alien to me, but it really got the wheels. Turning in my mind, if this was a normal guy and he was able to do all this, then i was pretty sure that i could do it too.

I started thinking back to my school years and selling those fish. That was my first real experience of running a small business and i'd loved every second of it from sourcing to selling the product. I couldn't believe that i'd been suppressing this for years and trying to conform to what society wanted me to do. Nowadays, passive income has become a bit of a buzzword on the internet and i don't completely agree with the term as it can sound a little misleading kickstarting.

Passive income is certainly not an easy thing to do, but the idea is that you can do something once like setting up a business or investing some money and then earn from it, even when you're not working. Of course, this requires some maintenance, but in my opinion, it's a better way to make money than working a nine-to-five job. If you want to be successful when you're younger as your time is limited and therefore your income is capped, so now i knew that passive income was the answer. I devised a plan of escape to have the best chance of success.

I knew it was important to create a business in an industry that i was both familiar with and also passionate about, and i was lucky. I had the perfect idea. The shop i was working in on saturdays was a radio control model store over the years that i'd been working there. I spotted lots of things, they could be doing differently and all the mistakes that they were making.

I researched and found the perfect location for a store. I even came up with the perfect name, which was inspired by an old tv show i used to watch when i was younger model world. I could really see the potential with this shop and how it would eventually operate without me even having to be there essentially creating passive income. It finally gave me some hope and direction.

While i was working my normal job as i knew that it was now only a temporary situation, unfortunately, not a lot of people believed in me. I came from a working class background and i had little to no qualifications. So no one thought i'd be able to break into the market, except for one of my friends who i told my entire plan to. I couldn't wait to quit my job and get started, so i could prove everyone wrong.

I just needed to get enough money together. First, within a few months model world shop was up and running, but it was nothing to do with me. My friend had stolen my idea and done it himself. I felt so betrayed and frustrated that i trusted him with all my plans.

I even started thinking to myself that maybe being an entrepreneur wasn't actually right for me, i was stuck in my nine-to-five job being ordered around by my manager, with every bit of hope, shattered. The worst part was watching my friend living my dream. I felt like a sprinter chained up in the starting blocks, unable to release all that energy. It was one of the worst feelings in my life.

The whole future i built in my head, started to come crashing down. Looking back, this was a great life lesson for me, although i didn't see it like that at the time. If you have a great idea, then it's best to operate in the shadows, maybe tell parts of your plans to different people, but don't give the whole game away like i did after this huge setback, i decided to pick myself up and keep working. I grinded as hard as i could and bought my first apartment to build up my credit score.

I thought i was working hard before, but this was really the next level. I worked every hour under the sun, as i wasn't going to let my financial situation leave me open to have my dreams taken away from me again. This just shows the path to passive income is by no means easy. There can be a lot of setbacks along the way, but if you stay focused and opportunities will present themselves as if by magic.

One day, i heard some great news that my friend wanted to sell model world i'd, visited a few times and noticed that he wasn't giving it the attention it needed. It had huge potential, but his passions were not in the business. I knew i needed to buy the shop and get my dreams back on track. This was the opportunity that i'd been preparing myself for, and i wasn't going to let it slip from my fingers again.

I had a little bit of money behind me, but it still wasn't going to be enough nowhere near enough, but i'd built up a good credit score. So i thought i know what i'll leverage the money i had and see. If i can get a bank loan he'd taken, my great idea, he'd taken my name, but the one thing he couldn't take from me was my passion, and i knew that was a secret ingredient to making this business a great passive income generating machine. So i created the best business plan.

I could and got a meeting with the bank i'd bank there. Since i was a kid and i had a good credit score, so i was hoping that everything would go smoothly within 10 minutes. I've been denied the loan. It was the worst interview of my life i felt like i've been kicked out of the bank, it was unreal.

My head was down. I was walking back to my car and you know what i really didn't know what to do. It was like being back at that house again so close yet so far i had to pick myself up and, as luck would have it the next building i stumbled on was this bank here i hustled my way in and i got a meeting right there and Then, with the manager he actually said it was a very interesting idea and not only gave me the loan but promised to be one of my first customers. I have since asked him what made him take a chance on me, and he said he was always eager to help out the younger generation and when he saw how passionate and hard-working i was, he just couldn't say.

No. This is a perfect example of where preparation and resilience meets opportunity. You never know when your next stroke of luck is around the corner and for me, it quite literally was just around the corner. So without any hesitation.

I closed the deal on model world. The rights to the name and all the products they had it was finally mine. I knew the hardware it was yet to come, but it was mine. The first day i opened the shop.

I had a sleeping bag behind the counter, because i knew if i didn't make enough money that day, i'd be sleeping there, because i certainly didn't have enough gas to drive the car home. Luckily, the first day was a great success. All the selling and negotiation skills. I'd learned when i was younger came in really useful.

Without them, i wouldn't have been able to make my business profitable. After three years, we've turned over a million dollars and it was crazy. It was crazy times, but it was good fun times and we had more challenges along the way. After 10 years we had three shops and a warehouse stuffed full of gear, but we wanted to be number one, so we had plans to push on even more.

I was generating millions in passive income and i felt like i'd finally made it, but i didn't realize just how open i was to losing everything when it seems to be going amazingly well, you can start to get a little complacent as it seems like. Nothing can stand in your way. This is really dangerous. As you stop innovating and take your eye off the ball, i was so heavily focused on one stream of income from my retail shop.

So when internet shopping struck, i was completely taken by surprise. It was really sink or swim. Everyone i knew was getting wiped out of business, and i knew it was only a matter of time before that was going to happen to me. If i didn't quickly adapt to the times.

Luckily i had a little longer than most as i'd been investing in the stock market and real estate from a young age. If i didn't have these assets, then i would have probably gone bankrupt by the way. If you're in the usa, then public giving away a free stock worth all the way up to a hundred dollars, i'll leave the link below and if you're in the uk, then free trade are giving away a free stock worth all the way up to 200 pound I'll leave that link down there too. I wish i'd had them when i was younger, while lots of people saw the internet as the problem, i also saw it as the solution is.

It gave me the ability to reach far more people than i ever could before. Even while i was sleeping so instead of focusing my efforts on building more shops, i decided to create a big central location, complete with warehouses, which could be used to serve customers all over the world instead of just in my local area. But i knew that if i wanted to protect myself from something like this happening in the future, then adapting wouldn't be enough. I needed to create more passive income streams, so i wasn't just balancing my life on one.

My passive income streams has always been b2c, meaning i sold from my business to my customers, but i had always had the idea of starting a business that sold to other businesses, which would create an entirely different income source. I happen to know someone who had a similar business out in america, so me and my girlfriend she's now the wife packed our bags and took a spontaneous trip to l.a. The trip was so unplanned that i even got my driving licence. So when we landed at lax airport, i had to go to the most dodgy car rental place in history.

All i managed to rent was this old, dodge dynasty town car, which was falling apart. Then, following the map, we drove that baby all the way up the coast road to san francisco. That's where the guy i wanted to meet lived in a small town called mill - peters just near san jose. I didn't even have a hotel book, so we just winged it and, as the song goes, i thought you'll always find a room at the hotel.

California, however, it turned out to be a big convention week. There wasn't a room to be had we ended up in the most dodgy motel i'd ever stayed in. In my life we didn't even risk getting undressed. We just slept on top of the bed in case we had to get out fast.

It was just one of those things. He was very shocked to see us when we arrived as he had no idea. I was coming. I just rolled up knocked on the door and said i was just passing.

He said: that's one hell of a road trip from the uk. He then helped me structure my new business and in return i agreed to stock some of his products. I knew that if i wanted to sell to other businesses, then i need to build out my own unique product range. My experience as a carpenter came in really handy when designing my products.

Now all that was left was getting the mass produced, so i decided to travel to shanghai in china to find a factory before i knew it. I'd been interviewed at the chinese embassy in london issued with a visa, and i sat on a plane with a few faxes printed out, and they said on the top of these faxes hand this to the taxi driver. When you get to the airport, i couldn't read the rest of it, because it was all in chinese characters. I could have quite literally ended up anywhere.

The trip went really really well and i gained lots of new contacts with many invites to travel to shenzhen. To visit their factories, i still think that if you take the trouble to meet people for real, then you can grow a real bond in business where you help each other. You have to press the flesh to gain that loyalty and that's why politicians always want to shake your hand, because it's almost like a contract to secure your vote. That brings me to today.

My businesses are thriving and my passive income streams are stronger than ever. One of the most important things i've learned from my experience is that there is less risk in stepping out of your comfort zone and adapting than there is in not taking any risk at all. If you've been considering quitting your job, then know this: if you've got the right plan and the right motivation, you have as much chance of success as anyone else. You don't have to come from a rich family.

You don't have to have lots of connections. The barriers to entering the business world have never been this low. All you need is a computer, some brains that certainly helps and an internet connection, to make your first bit of startup money. Who knows one day, you could be sitting in the bossy seat behind the boss's desk, and this is literally the boss's desk.

I was once sitting just where you are now having my interview to become a carpenter when that firm went into receivership and it came up for auction. I went straight down her and i bought this desk, so i'm going to leave the next video up there, but don't click on it just yet make sure to subscribe. If you want to grow your wealth and don't forget to pick up your free stocks with the links below okay i'll see you over there.