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In this video, the creator demonstrates how to change the hourly default rate in the Invoice Maker and Estimate application. Viewers are encouraged to subscribe for future content, including insights into the creator's YouTube revenue and growth strategy upon reaching 10,000 subscribers. To change the hourly rate, the user should open the app, tap the menu icon in the upper left corner, select settings, then tap "Other," followed by "Hourly Rate." Users can delete the default option and enter a new rate, and there's an option to enable grouping. After making changes, users should tap the "Done" button in the upper right corner for the updates to be saved automatically.