How I Work 5 Hours A Week & Make $1.6 Million A Year

Graham Cochrane, 39, lives in Tampa, Florida and works as a business coach who runs an online business. He teaches people how to make money off of their passions, turn their knowledge into income and sells online courses. He grew his business from earning $7,000 to $1 million in 8 years. Here’s how he works 5 hours a week and makes $1.6 million a year.

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Living On Food Stamps To Earning $1.6M/year And Working 5 Hours A Week

[adamo]

Getting rich by selling courses on how to get rich. The classic move.

[ChristopherAbelman]

I invest in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[alexander_stahl]

The best way to make money was always selling hopes & dreams, because that’s the weak point of us human beings.

[tpop]

When you can’t achieve success just sell the dream of being successful.

[chubulu]

‘How to make money’ business is not something that can be modeled. For me it’s borderline scammy.

[justmeagain]

This is how he made it (from my point of view)
1. Show what he knew: teaching about music through free YouTube videos (no money generating there but building a community of followers overtime)
2. Selling something to that community: making courses about music to sell (he started to make some money)
3. Teaching people how to make money online: as he was making some money online, he made a course about it and even more people were interested on learning that
4. Applying the 80/20 rule: he realized that most of his money came from courses about money, not from courses about music, so he focused on making the kind of courses that made him more money: the ones about how to make money!.
That's why he basically makes courses and content about money and not about music anymore.
He is a hardworking smart guy, he built his following community for years, gave away a lot of useful free content about music when he was broke, kept working and learning, improving, testing strategies, focusing on what was giving him the best results and now finally, thanks to his hardwork and right strategies, he is financially comfortable.
Does it bother you that the thing that better sell is "How to make money" content? That's not his fault, it is just what it is. Hate the game, not the player.

[Zomgson]

Another content creator, course selling, coaching....

[GrahamCochrane]

Thanks for sharing my story CNBC! And for those who didn't watch the full video or just didn't catch it, I spent 9 years teaching musicians online for a living and earning over $1M a year doing that before I ever began teaching business. I agree that you can't take people somewhere you've never been. So I didn't start teaching online business until I had hit the seven figure a year. mark in my own music business first. Cheers!

[laportafrank]

Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560, 000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.

[kama]

Whether people like it or not, selling courses and coaching is going to keep growing and making people lots of money. Just like YouTube, a few years ago people were calling people out for doing sponsored videos and calling them scammers. Same thing is happening with courses and coaching.

[krisb-travel]

ME: ohh this is going to be a good video
ALSO ME: oh he said business coach, thats how he went from poor.. its by teaching people how to be rich, which he did while poor

[mirabella]

Good for him and I like the quote "Money is a great servant, but a horrible master". 👍

[FinancialShinanigan]

Making money teaching people online how to make money teaching people online, got it!

[andrew.alonzo]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[julianmark]

Nice video!! Very engaging.
Rich people have assets, which are inflation proof. On the other hand, earned income is vulnerable to inflation. That's why the rich get richer in inflationary environments. An example, wealthy person may own several homes, rental properties(Commercial/Residential), businesses, productive land, equities, bonds, etc. The average W2 employee gets taxed the highest rate, they own almost no productive assets.

[joeyt]

Notice how he never once talked about how anyone he has coached has become successful.. twaching people how to be successful by teaching people how to be successful.. looks strangely like a pyramid to me. And he is on top.

[hatsuonkyosei]

It was so inspiring! Congrats Graham and I look forward to hearing more of your stories ♥️✨

[QuincyKane]

I'm so thankful for Graham; I've learned so much from him!

[Cristinashubin]

Thank you Graham for sharing your story with the world !!! We absolutely love it.

[marianparker]

Here are three guidelines to think about when investing over a short time horizon: Determine your level of risk Consider short-term instruments Synchronize goal timing with your assets