Brief Summary
This YouTube video transcript is a presentation about earning money with The Lightning Shared Scooter Co. (LSSC). It covers various aspects, including the proper format for submitting summaries, the difference between static and dynamic income, strategies for upgrading levels, team building bonuses, and the importance of a compound interest mindset. The presentation also includes a tutorial on how to buy and transfer cryptocurrency using Kraken.
- Proper format for submitting summaries
- Difference between static and dynamic income
- Strategies for upgrading levels
- Team building bonuses
- Importance of a compound interest mindset
- Tutorial on how to buy and transfer cryptocurrency using Kraken
Introduction and Shoutouts
The presenter, Professor Eric, welcomes new and returning viewers, acknowledging those on their first, second, and fifth days. He extends a special welcome to new hires joining the LSSC movement, emphasizing that they are joining a mission and a global brand. He also gives shoutouts to fan club members and those who have contributed via super stickers and chats, expressing gratitude for their support. For new viewers, he explains how to use the translation feature for live streams.
Submitting Summaries and Introducing Priscilla's Example
Professor Eric explains the proper format for submitting summaries, including name, day number, account number, instructor's name (Professor Eric), and five key points learned. He notes that day five graduates are required to submit a video summarizing their learning and a memorable point. As an example, Priscilla shares her experience, highlighting the importance of inviting people, letting money work for you, and staying involved in LSSC. She emphasizes that letting money work for her is a key takeaway.
Static vs. Dynamic Income in LSSC
The presentation defines static income as earnings from renting scooters, while dynamic income is earned by inviting friends to join LSSC. The fastest way to increase income is by building a team. It's highlighted that LSSC is more than just pressing a button; it requires active participation and sharing information. The presenter shares potential earnings at different levels, such as A3, where an equipment price of $10,700 can yield $9,945 in one month and up to $120,000 annually. Scooters automatically turn off after 4 hours, and devices need maintenance on weekends.
Strategies for Maximizing Earnings in LSSC
The real way to make money in LSSC is to prioritize upgrading to a more advantageous level and choose a long-term wealth strategy. While LSSC encourages upgrading, it's acceptable to withdraw earnings for immediate needs like car payments or mortgages. The presenter compares leasing different device levels, noting that earnings can vary significantly based on the chosen level. LSSC is presented as a long-term wealth-building platform, not a get-rich-quick scheme.
Upgrading Devices and Building a Team
Using earnings to upgrade devices increases daily income and future earnings. The presenter advises cutting a check every week if not yet at level five captain. Dynamic income, earned by inviting people, is emphasized as a source of significant earnings. Inviting five people can earn an extra $1,000, and growing the team leads to a bigger paycheck. Passive income is the core source of earnings, and upgrading to S1 is recommended to maximize income.
Team Building Bonuses and Management Levels
The presentation details team building bonuses, such as earning $1,000 for inviting five A3 or A1 members. Inviting five people leads to promotion to LSSC manager, unlocking advanced benefits and a fixed salary. The presenter shares his strategy of leading meetings and encouraging team members to reach five people, which helps everyone level up. He emphasizes the importance of strategic team building and supporting team members.
Rewards and Promotions in LSSC
Earning bonuses for helping others and leveling up leads to monthly salaries, prizes, cash, and even cars for top leaders. The presenter shares an example of someone earning $3,600 per day with a total profit of almost $300,000, highlighting the potential for significant earnings. LSSC pays for the car, title, and taxes, unlike winning a car in a game show where taxes often prevent people from taking the car home.
Mindset Shift: From Poor to Rich
Drawing from Robert Kiyosaki's "Rich Dad Poor Dad," the presenter contrasts the mindsets of the poor and the rich. The poor earn today, spend it, and start from zero tomorrow, while the rich make their money work for them, accumulate every day, and achieve financial freedom. Real winners have a compound interest mindset, understanding that short-term satisfaction is the thinking of the poor. The presenter advises using LSSC earnings wisely and diversifying investments.
Earning Core Summary and Level One Manager Dividends
The earning core summary reiterates the difference between static and dynamic income, emphasizing that upgrading equipment and inviting friends leads to higher rewards. Promotions to managers result in higher salaries and more benefits. The presenter shares information about level one manager dividends, including a $5,000 reward for becoming a level one captain by August 1st. He also details the dividends for higher-level managers, such as cash, gold, apartments, and cars.
Liquid Money and Changing the Mindset
The presenter introduces the concept of "liquid money," comparing it to holding water in your hands that eventually slips through your fingers. He advises against spending money impulsively and encourages sensible decisions. He shares a story about a man on Delancey Street who loves when people get their tax returns because they have something called liquid money.
Kraken Tutorial: Buying and Transferring Cryptocurrency
The presentation includes a tutorial on how to buy and transfer cryptocurrency using Kraken, focusing on USDC, a stable coin backed by the Federal Reserve. The presenter explains why USDC is used, noting that banks understand it. He provides a step-by-step guide on creating a Kraken account, depositing funds, and buying USDC. He emphasizes the importance of verifying wallet addresses, choosing the right network, and seeking help for the first trade.
