Having a Minimum Wage Job vs. Flipping: Which Makes More Money?

Before I answer this, let me give you some facts and insight on making money working a minimum wage job vs. flipping things.

Here’s the minimum wage data as of 2016 for 30 US States:

http://www.gannett-cdn.com/usatoday/editorial/graphics/2016/03/032916-Minimum%20wage.jpg

The average minimum wage amount from the above data is $8.70/hour.

If you’re working a part time job at 25 hours per week at $8.70/hour, you’re making $217.50/week, equating to $870/month.

If you’re working a full-time job at 40 hours per week at $8.70/hour, you’re making $348/week, or $1,392/month.

Now in the case of a minimum wage job, you’re working for an employer. You have to show up at the same typically every day or every week, punch in, be committed to working those 4 or 8 hours, go home.

You don’t have much flexibility in most cases or freedom.

For example’s sake, at $10/hour, working full-time, you’re making $400/week, or $1,600/month.

So, what about flipping things? How much can you make compared to working a minimum wage job?

Is it possible to make more flipping than a minimum wage job?

The answer is YES. Absolutely.

To all the flipping virgins out there who don’t know what flipping is, let’s cover the basics:

  • BUY something at a low or discount price
  • IMPROVE it: clean, re-paint, tidy up…
  • SELL it at a higher price

But it ain’t all sunshine and rainbows.

Let me explain some pros and cons.

  • Pros to Flipping
  • Cons to Flipping
  • Pros to Working a Minimum Wage Job
  • Cons to Working a Minimum Wage Job

Pros to Flipping

1. There’s no ceiling to how much money you can make. You can make $30,000 per year, or $100,000 per year.

2. You’ve got freedom of time. No one telling you what to do, where to be, what to wear, who to talk to, when you get to go home, when you have to work, when you have to cancel plans — you can literally set your own schedule, travel if you want, with no limitations or 3rd party commitments. No one’s constantly on your back about things. And you can do it from anywhere in the world. All because you’re working in a profits and marketing business, not a time for dollars business. One of the best feelings in the world.

3. You’re not trading your hours for dollars. When you’re in the business of flipping things, you’re no longer in the paycheck and employee world. You’re in the marketing and profits world. Meaning when you’re working a minimum wage job at X dollars per hour, no matter what happens or no matter how “hard” you’re working, you’re still gonna make the same amount of money in that one hour.However, in the flipping business, how much you make is dependent upon other factors such as your marketing skills, your ability to find deals, your ability to be quick, and other key skillsets.That means if it takes 57 hours of working for the minimum wage worker to make $500, the trained flipping ninja can make that same $500 in 60 minutes of “work” — giving them “back” 56 hours of time they can use to do more deals, spend time with their family/friends, travel, read, do what they love, or even just sit around and do nothing. Read this great blog post to get a much better idea of these two different worlds.

4. Every single day is different. This has got to be one of the top best pros to being a flipping ninja. Every day is different. You’re constantly coming across new deals, new items, new places, new people, new profits, new opportunity. No day is ever the same as before. That’s what makes it so fun. It’s non-repetitive, and it beats going into your cubical job every single day doing the same thing by a million percent.

5. You become a money-making machine. You’re building essential business skills that will serve you forever, in every future business venture you might pursue. You’re becoming your own most valuable asset and you’re completely self-sufficient. You’re not at the mercy of an employer and chained to someone else. You’ve got the hustle muscle and you know how to create revenue, aka MAKE BANK ALL ON YOUR OWN!

6. You’re going to keep making more money as you get better. This is a pro because for the committed and determined individuals, the better you get, the more experience you get, the more money you’ll make. You may reach a point where you can even quit your job if you want because you’re able to sustain your lifestyle just through flipping things. A huge pro. You might start small, but you’ll only keep getting better and better as you keep doing it and learning more. “Opportunity for growth” as you might hear in the corporate world. We’re not talking petty $.50 or $1.00 raises either. We’re talking turning $5,000 per year to $30k per year, or $50k per year, or even $100k per year, only within a few months or couple years.

7. Flipping is constantly learning. You aren’t going to show up first month and make 2k. It’ll take you a while to learn and build up. But once you do…

8. You become a Rockstar. You’ve gotten so good, your friends, family, and mates will notice. You’re constantly attracting and making money wherever you go. You’re a creativity levels have skyrocketed, making you sharper, more intelligent, and an all around awesome person. #RockstarStatus. Plain and simple.

9. ANYONE can do it. The beauty of flipping is that ANYONE can do it! You don’t need any special degrees or certifications to buy and sell online and flip things for profits.  You can learn everything you need to know in a fairly short amount of time.

Cons to Flipping

1. If you can’t stay motivated, you’re toast. #2 from above can be a pro, or a con, depending on who you are and your personality. When you’re flipping, you don’t have a boss or someone telling you what to do, when to wake up, how much time you need to put in. It’s just you. It’s ALL you. And you have to make it work. This ain’t no walk in the park for the lazy.

2. If you’re lazy, forget about it. Pure and simple. If you’re lazy and aren’t someone who can stay disciplined, I wouldn’t recommend you get into the flipping business. It won’t work. If you think you can discipline yourself, then yes, you can absolutely make WAY more than a minimum wage job.

3. It’s not always going to be consistent. Meaning, when you’re working a minimum wage job, you’re not going to be paid the same amount, on the same day, every week or 2 weeks, everytime, guaranteed.This isn’t a paycheck world though. How much you get paid is completely dependent upon how much marketing you do, what kinds of deals you find, and how many items you acquire and sell. This might sound like a con to the majority of people. But to those who understand the truth of the matter, this is nothing to be afraid of and is actually a PRO, because that means you’ve got flexibility and you can make as much as you want.But for those who need that (false sense of) security by getting regular, minimum wage paychecks, this may scare you away. But it’s not your fault. The only reason you might feel hesitant is because you’re missing one thing, and that’s confidence. To get confidence though, you will need two things: knowledge and skillset. Once you’ve acquired the knowledge and skills to be able to make money buying, selling, and flipping things on Craigslist, eBay, and from Thrift Stores, and once you get a taste of the amount of profits you can make in the flipping business, you’ll never turn back. Visit here to get the knowledge and skillsets now.

4. If you need to be told what to do constantly and don’t like to think much, this may not be for you. Some people are hungry. Others aren’t. Some people like working hard, constantly learning and growing, using their brain, and making lots of money in the process. Others just like to wake up, go to work, be told what to do, avoid thinking as much as possible, go home, get a paycheck. There’s nothing wrong with the latter. But if you’re that type of person who loves being an employee and just wants to live a repetitive life that way of doing the same thing everyday, you may find yourself having a hard time in the flipping business. I’d give it a shot anyway though before cutting it out.

5. If you have a family, and other responsibilities, don’t jump into flipping full time until you’re established, skilled up, and are already making good money from it. More than a con, this tip is just a general tip that translates to: don’t start flipping things full-time tomorrow while jeopardizing you and your family’s financial well-being. It might take you a few months or years to get to that level of being able to jump into it with everything first.

6. If you don’t believe in and trust yourself, it might be tougher. If you don’t believe in yourself and believe in the fact that you can make money through buying, selling, and flipping things through Craigslist, eBay, and Thrift Stores, you’ve already given up before you even started. You’ve got a mindset problem you need to work on first. There are millions of people who are making a lot of money in the flipping business every single day. It’s real and it’s happening. There’s an abundance of money, deals, and profits available to you right now.My advice: if you don’t believe in yourself, that’s okay. Most people starting out don’t yet have the knowledge, confidence, and skill sets to believe in themselves yet. But you must trust two other things if you want to make it: trust in me, and trust in the process. I won’t let you down, and the process is clear as crystal and works. Just follow what I say and eventually you will start to trust yourself after you start making money.

 

Pros to Working a Minimum Wage Job

1. If you don’t like learning new things and growing, a minimum wage job might be perfect for you. You get to go into work everyday, same time, do the same thing, get paid the same amount, go home and relax. You may feel stressed all the time because of how many hours you’re working and how little you’re getting paid, but it beats using your brain, learning new things, growing, and getting out of your comfort zone. Even if you’re struggling, you’ve become comfortable struggling and have accepted your destiny.

2. You get paid the same amount every week or two weeks — guaranteed. Unless you lose your job or get fired, you know you’re going to get paid every Friday or every other Friday, which makes you feel good and confident.

3. Make regular friends/work mates. When you’re working a minimum wage job, you’re likely seeing the same people everyday. This gives you the opportunity to potentially build new friendships, relationships, and connections with people. It could also do the opposite; you might meet people whom you dread working with and are stuck with.

4. Potential opportunity to move up. If you’re working a minimum wage job, you might start seeing opportunity to move up positions, or get pay raises. Even if they’re small, they’re still somethin’.

5. Great if you don’t value your time. If you don’t value your time, or will just sit home on the couch and watch TV otherwise, working a minimum wage job might be better than that. At least you’re making something, vs. wasting time doing nothing.

6. Might serve you temporarily. If you haven’t yet developed the right skill sets of flipping things for profits, and a minimum wage job is all you can get right now, it might be best for you to work that minimum wage job, while flipping things and learning outside of your work or on weekends.

Cons to Working a Minimum Wage Job

1. Low pay. The most obvious. You’re getting paid in peanuts.

2. You’re giving away a lot of time, for a little money. Money comes and goes. Time, once it’s gone, you can never get back. Time is more valuable than money. One person can spend 8 hours of time working a minimum wage job and make $70 bucks, while another person can spend 8 hours building a multi-million dollar company. We all get the same 24 hours in a day.

3. You don’t have control. You don’t have control over your schedule, your pay, your hours, your environment — none of it (usually). You get told what to do, and you must do it.

4. No growth. There may not be much room for massive growth or more money. Many people tell themselves they are “being patient”, but being patient will not help you. Being patient might keep you working there for the next 20 years. You don’t have that kind of time and I’m sure that’s not what you want to do. Don’t wait for someone to come “save you”, it’s not gonna happen. You are completely responsible for your own success, promotions, and even how much money you make.

5. No personal growth. Most likely if you are working a minimum wage job, you’re doing the same thing everyday. Or you might be doing things that don’t require much learning, thinking, or growing. This cuts into your personal development time which is never a good thing. Instead of getting better and moving forward, you’re stuck there. While everyone around you might be moving ahead in life, as long as you are physically working there, there’s no movement happening. Of course, you can continue to build and grow outside of work though.

6. You’ll never get rich working a minimum wage job. You’ll never get rich working a minimum wage job. Ever. You’ll never develop financial security and freedom while you continue to pour all of your energy and hours into a low paying job. I’m not talking about outside of work here; but strictly IN your work. You of course have the potential to do it if you keep moving up and take the reins within your company (worked up to CEO for example), but as long as you keep that minimum wage position, it’s not gonna happen.

Final Thoughts

So, what do you think? If you had to choose between one or the other, which would you choose?

Here’s my opinion. If you can stay motivated, love to learn, are disciplined and want to make WAY more money than the minimum wage worker ever will, flipping is for you.

If you want to take control over your life, schedule, decide how much money you make, and have complete freedom, the flipping business is for you.

But if you can’t stay motivated and need to have a boss up your ass all the time, then you might be better off working a minimum wage job if you have to.

Do you have to choose one over the other? Absolutely not.

I’d say do both if you feel more comfortable. It’s definitely possible to make more money flipping things, but it also does take time to build up your skills and “find your groove” (create processes, etc.). Working a minimum wage job might also help you be more stable and increase the money you have to invest in buying things to resell, although you can get into the flipping business with zero money (I show you how in this article).

If you’re a younger guy or gal, it’s better to do it when you’re younger when you don’t have many responsibilities, bills, or still might be living at home.

Either way, wherever you are on the spectrum, whether you’re a:

  • College student
  • High school student
  • Working professional
  • 9 to 5er
  • Someone who just wants to make more money, have more freedom, and live a better life

Give it a shot because it’s something you can do on your spare time and doesn’t take a huge time commitment. I personally have made $32,100 in one year just through flipping things all on my spare time (weekends and some days after work) — while working a full-time job.

It’s not a question of does it work or not. It’s a question of, are you ready to invest in yourself and learn, grow, and develop skill sets that will make you successful?

If you are, then go and pick up my Flipping Ninja Blueprint which is a training course I developed on turning you into a Flipping Ninja. It comes with over 6 hours of video training courses, MP3s you can listen to in the car, a 300+ page Flipping Ninja Blueprint, along with many other tools like The 4 Weapons of Determining Value on ANY Item in Less than 90 Seconds, email/texting scripts you can use, and much more.

An enormous part of flipping is learning what’s valuable and what’s not.

What you can make money on and what you may not.

I train you to develop The Eye for The Deal so you know exactly what to look for, what to buy, and how to flip it for maximum dollars.

That’s when the real money comes.

The only way to get to that next level where you’re making bank through flipping, is once you invest in yourself with LEARNING, then spend the time DOING. It will come.

The greatest part of it all?

This is the funnest work you’ll ever do.

After the housing bubble burst and people lost their jobs, they realized the importance of not putting all your financial eggs in one basket. They regret not having side businesses setup, or having developed skill sets that would keep them self sufficient and able to make money outside of a job in case of a crisis.

Covering all bases: working a day job while doing some side hustles as well.

Flipping is the perfect side hustle if you want to continue working your paycheck job while making money on the side.

If you develop the skills and knowledge to flip profitably and effectively, it’ll always be something you can call upon and use. Whether you’re attending college or whatever else you do. It’ll always be an income source and skill set you can take anywhere with you — because YOU are the asset and money making machine at that point. Even if financial times are tough.

Start small and scale up as you need or want to.

Buy the Flipping Ninja Blueprint Today and Start Skilling Up Now.

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