Brief Summary
This video is a recording of an LSSC (Lightning Shared Scooter Company) training session led by Professor Eric. The session covers various aspects of the LSSC business model, including training requirements, earning potential, and strategies for success. It emphasizes the importance of understanding the business, mastering essential skills, and building a team to increase income. The training also touches on cryptocurrency, specifically using Kraken for transactions, and provides guidance on how to navigate the LSSC platform effectively.
- Training requirements and the importance of submitting summaries after each class.
- Earning potential through scooters, Lightning Exchange, and other investment opportunities within LSSC.
- Strategies for upgrading levels, building a team, and maximizing income.
- Introduction to cryptocurrency and using Kraken for transactions.
Introduction and Welcome
Professor Eric welcomes the attendees, including newcomers, and expresses excitement about recent developments within LSSC, such as the Millionaires Club and new earning levels. He introduces himself as a trainer chosen by LSSC to deliver information and encourages attendees to conduct independent research and contact relevant authorities for additional information about the company.
Shoutouts and Congratulations
Professor Eric acknowledges and welcomes attendees who are joining for their first day, second day, and those who are graduating after completing five days of training. He congratulates the new hires and emphasizes that they are joining a global brand and a mission towards financial freedom. He also encourages those with at least three people on their team to reach out for an interview to share their progress and inspire others.
Training Requirements and Summaries
Professor Eric outlines the training requirements, emphasizing the need to submit a summary after each class, detailing what was learned. For those on their fifth day, a one to two-minute video is required, tagging the professor and posting a summary in the newcomers training group. He provides the proper format for written summaries, including name, account number (last four digits of the phone number), instructor's name, and key points, and clarifies that summaries can be written in any language except pig Latin, OP, or alien languages.
LSSC Business Overview and Member Responsibilities
The responsibilities of LSSC members include learning about the business, mastering essential skills, and increasing income. New members who attend training for five consecutive days receive $50 and five points, while their inviter receives $20 and five points. If a new member does not learn the basics of LSSC within 15 days, their partnership will be terminated, and their deposit refunded. Key basics include understanding what LSSC stands for, how to turn on devices, daily earnings, the role of a captain, the duplication method, and how to use Bond Chat.
Importance of Follow-Through and Avoiding Frustration
Professor Eric stresses the importance of following through with new L1 members, guiding them through the registration process, setting up Bond Chat, and teaching them how to manage their accounts. He discourages leaving new members without proper guidance, which can lead to frustration and hinder their ability to enjoy LSSC. He advises finding a captain or regional manager to fill in any gaps in knowledge and ensure new members can effectively use their wallets and exchanges.
Earning Money with LSSC: Passive vs. Dynamic Income
There are multiple ways to earn money with LSSC, including scooters, Lightning Exchange, Lightning Shared Scooter Business (LSSB), and Litecoin. The scooter business offers both passive (static) and dynamic income. Passive income comes from daily earnings when scooters are turned on, while dynamic income is earned through bonuses for inviting friends and building a team. Professor Eric encourages members not to leave money on the table by only focusing on static income and to prioritize upgrading levels for more advantageous positions.
Wealth Strategy and Long-Term Growth
The real way to make money in LSSC is to prioritize upgrading to a more advantageous level and choosing a long-term wealth strategy over immediate profits. Instead of withdrawing small amounts daily, members should save and upgrade their devices to increase daily earnings. Balance booster codes from team captains can also help earn interest on money within LSSC. LSSC is presented as a long-term, stable wealth growth opportunity rather than a platform for short-term quick profits.
Mindset and Financial Freedom
Professor Eric shares a quote from Robert Kiyosaki, author of "Rich Dad Poor Dad," emphasizing that the rich have money work for them. He contrasts the poor mindset of earning and spending with the rich mindset of making money work for you to accumulate wealth and achieve financial freedom. He encourages members to find a balance between inviting new L1s and building their team deeper, and to be strategic in their approach to LSSC.
Dynamic Income and New Rewards
Dynamic income offers significant earning potential, with bonuses for inviting friends and growing a team. Inviting five people earns an extra $1,000, and there are additional rewards for inviting people to top off at higher levels like A2 and A3. Professor Eric highlights the latest team recruitment bonuses and increases, such as the $100 promotion reward for becoming a level one manager and the $80 salary every 10 days.
Teamwork and Building a Castle of Success
Teamwork is essential for success in LSSC, as it allows everyone to make more money. Building a team is compared to building a house, where everyone helps to build it faster and stronger. Professor Eric encourages attendees to build their castle of success with LSSC and emphasizes that while money is not everything, LSSC makes it easy to earn. He advises finding a balance and not letting LSSC consume all of one's time.
Success Stories and Practical Spending
The training showcases individuals who have been rewarded with vehicles and achieved significant financial success through LSSC. One example highlights someone who made almost $300,000 in less than five months and chose to spend their money practically on a fully loaded Hyundai rather than a luxury car. This illustrates the importance of being practical and not letting money slip through one's fingers.
Kraken Cryptocurrency Training: Introduction to USDC
The training transitions to cryptocurrency, specifically using Kraken for transactions. It introduces USDC, a stable coin backed by the Federal Reserve, and explains why it is a fast, cost-effective, and widely accepted option for moving money. The session provides a step-by-step guide on creating a Kraken account, adding payment methods, and depositing US dollars.
Depositing US Dollars on Kraken: A Step-by-Step Guide
A video tutorial demonstrates how to deposit US dollars on Kraken, including linking a bank account using Plaid for instant transfers and sending a wire transfer. It emphasizes the importance of using the unique reference listed in the account when sending a wire deposit and ensuring that the name on the bank account matches the name on the Kraken account.
Buying USDT on Kraken and Tracking Transactions
The training explains how to buy USDT (Tether) on the Kraken app, including selecting the amount, order type, and payment method. It also provides guidance on tracking USDC transactions and verifying the wallet address before sending USDC. The session concludes with final tips on using security features like two-factor authentication and being mindful of transaction fees.
Q&A Session Announcement and Requirements
Professor Eric announces a question and answer Zoom session on Sunday at 7:30 PM Eastern Standard Time, limited to the first 400 participants. To join, participants must include their day number with LSSC and their real name on Zoom. The link to the Zoom session will be posted on Instagram from Friday to Saturday.
Frequently Asked Questions (FAQ) and Answers
Professor Eric addresses frequently asked questions, including whether LSSC provides tax forms (it does not, as it is a Hong Kong-based company), whether LSSC can be promoted on social media (yes, with a shoutout to Professor Eric), and who is responsible for teaching new members how to transfer money (the inviter or captain). He also clarifies that LSSC is a private entity and is not legally obligated to divulge the identity of its founder or CEO.
Additional Clarifications and Closing Remarks
Professor Eric continues to answer questions, including what LSSB is all about, what happens if the first two days of training are missed, and how to get into the crypto class. He emphasizes the importance of doing the summary and submitting it to the training room or a manager's group. He also clarifies that there is a 7:00 PM Eastern Standard Time reading that talks about the business and how the business can sustain itself long term.
Addressing Tax-Related Questions and Personal Preferences
Professor Eric addresses tax-related questions, advising attendees to keep track of their income and set aside 30% for taxes. He also explains how to find the Coinbase wallet address and clarifies that the newcomers training group is open from 12 to 11:00 PM Eastern Standard Time. He reiterates that LSSC does not fall under US tax laws and that the company does not ask for anything that's personal.
Final Q&A and Closing
Professor Eric answers final questions, including whether someone who is not speaking English can be invited (yes, as the class can be translated into multiple languages), and what to do if a friend looks over the video and sees a 20% charge to withdraw (it's still a win, as it's 80% of something versus nothing). He concludes the session, reminding attendees to turn on their scooters if they're on the east coast and thanking them for their participation.
