---
title: 'The Average W-2 Income Is Dying. Do This.'
source: 'https://youtube.com/watch?v=FFrvRK4xv-s'
video_id: 'FFrvRK4xv-s'
date: 2026-08-06
duration_sec: 79
---

# The Average W-2 Income Is Dying. Do This.

> Source: [The Average W-2 Income Is Dying. Do This.](https://youtube.com/watch?v=FFrvRK4xv-s)

## Summary

The video discusses strategies for creating discretionary income, emphasizing that there are only three ways to increase bottom-line money: cutting expenses, increasing income, or both. The speaker shares personal experience of cutting spending by 20-30% and stopping 'wants' for a decade, while also encouraging leveraging hobbies to generate income online.

### Key Points

- **Three Ways to Increase Bottom Line** [00:01] — To have more money at the bottom line, you only have three choices: cut expenses, increase income, or do both. These are the only three options.
- **Personal Spending Cut** [00:17] — The speaker and Olivia did a deep analysis and cut 20-30% of their spending immediately by eliminating 'wants' for a decade, focusing only on needs.
- **Increasing Revenue as W-2 Employee** [00:44] — The speaker, a W-2 employee, notes that it has never been easier to take a passion (e.g., Star Wars, classic Mustangs, rare wine) and produce income from it by finding a community online, starting a YouTube channel, etc.

### Conclusion

The core takeaway is that financial improvement requires deliberate action on both spending and income, and modern tools make it easier than ever to monetize personal passions.

## Transcript

is creating discretionary income. What we didn't get into is there's only three ways. Right? If the goal is to have more money at the bottom line, you only have three choices. You can cut expenses, you can increase income, or you can do both.
Those are the only three options. Yeah. So, what did Olivia and I do? We were spending every penny. We were just like everybody else at 30 years old. We We did a deep analysis. We ended up cutting 20 or 30% of our spending immediately
needs and we, you know, we did our needs, but we stopped doing wants for a decade. Again, sacrifice. But, you can also increase revenue. And what I'll tell you today, as a W-2 to employee, I don't see myself as an
entrepreneur. You guys certainly more entrepreneurship than I am. But, you're absolutely right. It has never been easier to take your passion. Like, if you're my age, right? I'm 50 freaking three. And you have had a hobby for 20
years. It might be Star Wars. It might be classic Mustangs. It might be rare wine. I don't care what it is. But, you can take that 20 years of passion and produce income from it. You can find your tribe, your community, online. Uh
start a YouTube channel. Get I mean, there's just so many ways.