Brief Summary
This YouTube video is a training session for LSSC (Lightning Shared Scooter Co.) newcomers and veterans, led by Professor Eric. The session covers various aspects of the LSSC business model, including static and dynamic income, strategies for upgrading equipment, team building, and financial mindset. It emphasizes the importance of long-term wealth growth over short-term profits and encourages members to reinvest their earnings to achieve financial freedom. The session also includes shout-outs to fan club members and a Q&A segment addressing common questions about LSSC operations, cryptocurrency, and taxes.
- Introduction to LSSC and welcoming new members.
- Explanation of static and dynamic income within the LSSC model.
- Strategies for upgrading equipment and building a team for increased earnings.
- Discussion on financial mindset, emphasizing long-term wealth growth and reinvestment.
- Q&A session addressing common questions about LSSC operations and cryptocurrency.
Intro and Welcome
Professor Eric welcomes both new and returning members to the LSSC training session, expressing excitement about helping them on their journey with the company. He acknowledges the hard work and dedication of those who upgraded during the recent promotion and extends a special welcome to first-time attendees. Professor Eric emphasizes that joining LSSC is not just about joining a company but becoming part of a global mission focused on changing mindsets and achieving financial success.
Training Overview and Requirements
The training sessions occur Monday through Friday at 22:00 Eastern Standard Time, focusing on basic LSSC knowledge and business skills. Participants are encouraged to maintain an LSSC notebook for reference. New members who complete five days of training receive $50 and five points, with the person who invited them earning $20 and five points. To qualify, attendees must submit a summary of five key points from each class, with managers monitoring progress and potentially terminating relationships with refunds if basics aren't grasped within 15 days. Fifth-day graduates create a short video summarizing their learning and future goals.
Static vs. Dynamic Income
The training covers static income, which is the fixed daily income from renting devices, and dynamic income, earned by inviting friends to join LSSC and helping them profit. Building a team can lead to management positions with fixed salaries, such as becoming a level one captain with five team members and earning $80 every 10 days. Activating devices daily allows users to collect income, with higher-level devices potentially earning additional income on weekends. The device rental period is three years, after which the lease must be renewed.
Upgrading Equipment and Long-Term Wealth Strategy
The training emphasizes upgrading to higher-level equipment to increase earnings, advocating for a long-term wealth strategy over immediate profits. LSSC is presented as a long-term opportunity for stable wealth growth, not a get-rich-quick scheme. While members are encouraged to upgrade, they're also advised to withdraw money if needed for essential expenses. The importance of making the right choices and understanding that different choices lead to different results is highlighted, using the example of renting different equipment levels.
Dynamic Income and Team Building
The training highlights the potential for significant income through team building, including bonuses for inviting new members and helping them succeed. Inviting five people can lead to instant promotion to manager with additional benefits. The importance of sharing the opportunity with others and helping them grow is emphasized, with bonuses awarded for helping L1 members get promoted to L1 manager. Teamwork is presented as a key to success, with the analogy of building a castle faster and stronger with the help of friends.
Financial Mindset and Compound Interest
The training discusses the financial mindset needed for success, contrasting the "poor mindset" of earning and spending with the "rich mindset" of making money work for you. The importance of reinvesting earnings and accumulating wealth over time is emphasized, with the goal of achieving financial freedom. Short-term satisfaction is identified as a characteristic of the poor mindset, while letting money make money is the logic of the rich.
Cryptocurrency and Kraken Tutorial
The training includes a tutorial on buying and transferring cryptocurrency using Kraken, focusing on USDC as a stable coin backed by the Federal Reserve. The steps for creating a Kraken account, adding a payment method, and buying crypto are explained, with a video demonstration. The importance of verifying wallet addresses, choosing the right network, and using security features is emphasized.
Q&A and Closing Remarks
Professor Eric addresses frequently asked questions about LSSC, including taxes, promoting LSSC on social media, age limitations, upgrading, global availability, and wallet preferences. He clarifies that LSSC is a private company and not obligated to divulge the identity of its founders or CEO. He also emphasizes the importance of submitting daily summaries and the consequences of turning on scooters late. The session concludes with a call to action for members in the Philippines to form a team and a reminder about the upcoming team Kevin support session.
