The Honest Entrepreneur - How I Went from Making $15 per Hour as a Server To $3000 per Hour

I always hear about the wins entrepreneurs have and rarely the losses. I hear crypto experts speaking in the same way. There's always lots of stories about the big wins and never about the big losses or the overall profit....when all the loses are taken into consideration. As an honest entrepreneur, I tell people about both. It's better to give people the complete picture, so they can make educated and informed decisions moving forward. 

The truth is that I used to make $15 per hour as a server at East Side Marios in Cornwall Ontario Canada when I was 24. At the same age, after I opened my first business (in the same year), I made the equivalent of $52,000 in 30 days (in today's dollars)......which is about $325 per hour. There's been times in my career where yes, I have made $3000 per hour for a 40-hour project. There's also been many days where I made nothing at all, as I was prepping for my next big push. Being an entrepreneur is about knowing that overall, things are always better guiding your own financial inflows, compared to the lure of a steady pay cheque.

I've also made some big mistakes as an entrepreneur. I would say that I've lost $250,000 because of some very obvious mistakes on my part. When everything is taken into consideration. I'm still way ahead compared to the other option of working for someone else. 

In the end let's say that through hard work, I've made double what the average person makes. Let's use this as a jumping off point for a realistic yet hypothetical scenario. In Canada the average household income is $70,000 per year. Let's say as an entrepreneur that I've made $150,000 per year, which is double the average household income. Instead of $33 per hour/per household, I make $66. It's not millions extra......or is it?

It may not sound like a fortune or "the good life" but I've been doing that for 30 years now.......which means I've taken in $2.4 million more than the average household in Canada. Now, how does that little extra look? Right! It looks much better long term than it does short term. That's how you win in life. Inch by inch, you win each and every day in your favor and then the victories really start to pile up. Who could use an extra $2.4 million dollars right now, given you're going to live all those years anyway? 

Not only does a little bit extra per hour add up to some big financial windfalls long term, businesses in general pay less taxes legally, compared to people who work for others. Given the tax advantages legally afforded to running a business, that $2.4 million in additional income, can easily grow to $3 million over 30 years.

Some countries have legal clauses within their tax codes where you can actually pay very close to what's known as "zero rate" but of course you need to hang around entrepreneurs to know these legal options. Were you even aware that some people in your country pay no taxes legally? If you graduated from government school, you would most likely believe that this is a myth, an exaggeration or something that can land you in jail. Therefore, it's just easier for the average person to believe that it's best for them to keep giving half their income away every year. It just feels safer and of course you help pay for the roads, right? In the end, knowledge is power. That's why most people today have very little power, because they've been purposely starved of knowledge by the system. 

What you don't buy can also feather your financial bed. I used to spend $30,000 per year on alcohol, junk food, narcotics, steroids and mindless material items. I actually quit that about 25 years ago. By removing what was destroying me, I actually added $750,000 in disposable income to my own savings portfolio, over 25 years. I sort of had to quit anyway, to be the best entrepreneur I could, so it was a complete win win. How much are you spending to destroy yourself every year? It's most likely a good time to take a look at that amount. It's time you wrote that number down on a piece of paper and take a hard look at it.

But like a bad informercial, wait.....there's more. In 2010 bitcoin was actually 30 cents, so even if you put $1000 into bitcoin in 2010, you would have $233 million dollars today. What's the next bitcoin? Well, some of the people I run with think they know, and we've placed our bets accordingly. You just have to start running in the right circles and take some well calculated risks. Even with silver, I bought silver about 4 years ago and it has nearly doubled since. That's a 25% return every year for 4 years. It's not a bitcoin return but it's still pretty good. Entrepreneurs make a little more than the average but keep pushing ahead, when other people just sit around hoping that they win the lottery, or they get that big raise.....which of course never comes. 

Now all this starts when someone decides to make an extra $30 per hour, which can easily be done. I've done it and so can you. It can actually be done with as little as $20 extra per hour. It's all about changing your mind set. Again, at times I've made $3000 per hour over a 40-hour work week, so $20 per hour extra is something definitely within anyone's grasp, regardless of who they are. Sure, you can talk bad about yourself or make up 1000 excuses as to why you can't do it, but maybe that's the pattern in your life that you need to face and take down. Maybe you have a problem for every solution? Maybe you're part of the itty bitty shitty committee where you destroy every freedom-based idea that enters your mind before it even gets there. Sometimes it's easier to stay where you are than change, even if changing will give you the life you need. Sometimes it's more comfortable sticking with what you know compared to what you don't know. 

But maybe, just maybe, you would like someone to mentor you......so that success becomes your new familiar and mediocrity becomes your unfamiliar. We're all in this together and we're all facing the same problems. If you're looking for solutions, they're out there, you just need to find a mentor and dig in for a couple hours. Click here for what you need to do next.  

Jason Christoff