WEBVTT - Cliff Notes: Keys to win with your money in 2021 with Ian Dunlap

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<v Speaker 1>You just realized your business needed to hire someone yesterday.

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<v Speaker 1>at indeed dot com slash pod Katz thirteen. Just go

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<v Speaker 1>to Indeed dot com slash pod Katz thirteen right now

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<v Speaker 1>and support our show by saying you heard about Indeed

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<v Speaker 1>all you need.

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<v Speaker 2>Earnest what's going on you now Locked in the cliff Notes,

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<v Speaker 2>the number one place for investment strategies, tips and advice.

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<v Speaker 2>Make sure you have your notepads ready, but more importantly,

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<v Speaker 2>make sure you're ready to execute on the information. Yeah,

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<v Speaker 2>but before we get started, we gotta let them in

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<v Speaker 2>on the breaking news alert. All right, so, earner is

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<v Speaker 3>We bringing it.

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<v Speaker 2>Over one hundred past webinars, weekly webinars from industry experts,

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<v Speaker 4>Twenty twenty one, We're gonna do something different. I'm gonna

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<v Speaker 4>let you guys decide if you want to execute it

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<v Speaker 4>or not. I'm not going to force you. But this

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<v Speaker 4>is for those who want the greatest return and possibly

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<v Speaker 4>the greatest year possible.

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<v Speaker 3>To follow up from last year, these are the three

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<v Speaker 3>secrets to winning with your money in twenty twenty one.

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<v Speaker 3>So let's rock and rolls. We can bring our amazing

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<v Speaker 3>guest point. So Number one, what I want you to do.

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<v Speaker 3>Please write these down every spare dollar that.

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<v Speaker 4>You get in twenty twenty one, I want you to

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<v Speaker 4>put half into the market and half the too. Eliminate

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<v Speaker 4>in debt if you want to be debt free, type

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<v Speaker 4>debt free in chat. I think all last year we

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<v Speaker 4>proved what kind of games are possible set Tesla seven

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<v Speaker 4>hundred percent, Apple eighty nine percent. We'll talk about a

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<v Speaker 4>few others that ran up two thousand percent. The misnomber

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<v Speaker 4>that you can only get seven to twelve percent.

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<v Speaker 3>That's we prove that to be wrong.

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<v Speaker 4>But this year I want to go more comprehensive and

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<v Speaker 4>talk about lifestyle structure and having great games in the

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<v Speaker 4>market means nothing if you have a ton of debt

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<v Speaker 4>and a bunch of bills every time you walk to

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<v Speaker 4>your mailbox. Number two, this is important for my fellas.

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<v Speaker 4>Got to avoid lifestyle creep. I say this because interest

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<v Speaker 4>rates were more than likely rise in twenty twenty three.

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<v Speaker 4>This year will not be as sexy as twenty twenty,

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<v Speaker 4>so it'd be a little bit more difficult.

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<v Speaker 3>So we're going to get a.

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<v Speaker 4>Chance to see the cream rise to the top and

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<v Speaker 4>those who can actually invest in trade it will be

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<v Speaker 4>on display this year, so you don't need to go

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<v Speaker 4>get a fourteen bedroom house this year.

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<v Speaker 3>Let's wait. Everyone can't do like him five hundred.

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<v Speaker 4>Listen, you may not be able to get Ride to

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<v Speaker 4>Night Maxwell, sure you know you may not be able

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<v Speaker 4>to get.

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<v Speaker 3>John Legends say baby, I love you.

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<v Speaker 4>Let's put on this playlist and let's not have any stress.

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<v Speaker 4>And then number three. Everyone always asks me how long

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<v Speaker 4>does it take for me? It took me about eighteen

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<v Speaker 4>months once I concentrated heavily on it. I use the

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<v Speaker 4>Dave Ramsey death snowball, but modified so every other revenue

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<v Speaker 4>stream I put fifty to seventy five percent into pan

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<v Speaker 4>off my debt. If you only have one source of income,

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<v Speaker 4>it can take you anywhere from two to three years.

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<v Speaker 4>If you have more than one, it can take.

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<v Speaker 3>You twelve months.

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<v Speaker 4>If you really bust your ass and put all your

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<v Speaker 4>extra money into it. I know when COVID clears, everybody

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<v Speaker 4>wants to go to Plaia.

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<v Speaker 3>Everyone wants to go to Tuloom. Great, hold off until

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<v Speaker 3>you get debt free.

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<v Speaker 4>Though this quote from John Templeton is probably one of

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<v Speaker 4>the most important. Happiness comes from spiritual wealth and not

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<v Speaker 4>material And when I was broke, I used to think

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<v Speaker 4>to myself, like, give me the money and then I'll

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<v Speaker 4>find a way to be happy.

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<v Speaker 3>But we tried to put this on display week after week.

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<v Speaker 3>Last year.

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<v Speaker 4>I was happy as given to others last year. Very

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<v Speaker 4>really did I even talk about any of my personal accomplishments.

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<v Speaker 4>Last year, I was happier to give to those who

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<v Speaker 4>needed or wanted it. So I'm begging you write this down.

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<v Speaker 4>I need you to find a way to give to

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<v Speaker 4>ten people every week for fifty two weeks this year,

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<v Speaker 4>and watch how the blessings multiply in your life. This

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<v Speaker 4>is not some theoretical well or some church thing. This

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<v Speaker 4>is something I've actually done. This had a tremendous impact

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<v Speaker 4>on my life. And last year something you beat up

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<v Speaker 4>on me was like, man, all you cover is stocks

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<v Speaker 4>and long term investing. But this is what I call

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<v Speaker 4>the freedom set of light. So this is the beginner's version.

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<v Speaker 4>Once we go into week sixteen, I'm going to give

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<v Speaker 4>you the full blueprint. But this is your freedom set

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<v Speaker 4>of light. These are the things that you need in

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<v Speaker 4>place to actually have financial freedom. So Number one, you

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<v Speaker 4>need a business you pick now in your industry. You

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<v Speaker 4>need to see what the probability of hitting a million

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<v Speaker 4>or multimillion dollars isn't your business. We don't want to

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<v Speaker 4>walk by hope. We want to walk into the data

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<v Speaker 4>and know what's possible. Number two, stocks, We talked about

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<v Speaker 4>that forever. We know why real estate. So I said

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<v Speaker 4>this before, it's not a gang war. It's both. It's

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<v Speaker 4>not stocks or real estate, is both. We talked about

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<v Speaker 4>it two weeks ago. Life insurance. For what you invest in,

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<v Speaker 4>the bang for your buck that you get life insurance

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<v Speaker 4>is a great addition to your satellite and portfolio. This

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<v Speaker 4>is a big one I want to touch on. I

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<v Speaker 4>talked to about it in the Sniper Room earlier. But

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<v Speaker 4>having a job. Don't let people on Instagram and social

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<v Speaker 4>media tell you that working is bad. The average entrepreneur

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<v Speaker 4>makes less than thirty thousand a year, and we all

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<v Speaker 4>have a friend that has excuse me how the business

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<v Speaker 4>for eight years and he hasn't went anywhere. But he's like, man,

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<v Speaker 4>I can't believe you work for somebody else, and meanwhile

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<v Speaker 4>they're not able to provide for them. So there have

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<v Speaker 4>been more millionaires made from stock options inside of companies

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<v Speaker 4>than they have been actual entrepreneurs that have went on

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<v Speaker 4>to make a million. So don't let people trick could.

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<v Speaker 4>My mom used to tell me some beats none right.

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<v Speaker 4>So if you have money coming in, it's what you

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<v Speaker 4>do with it that would help catapult you. And once

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<v Speaker 4>you actually get into this business, we'll talk about this

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<v Speaker 4>week eight. You need twenty four streams of revenue in

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<v Speaker 4>your business.

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<v Speaker 3>Now.

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<v Speaker 4>When we talked about it two or three weeks ago,

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<v Speaker 4>people were shocked because you often heard seven was the number.

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<v Speaker 4>I've been to enough conferences wherever I brought up that number,

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<v Speaker 4>of people laughed. But I want to walk you through

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<v Speaker 4>an illustration of what corporations do. Don't follow what I say.

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<v Speaker 4>Follow with the top ten companies throughout the world. Due

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<v Speaker 4>So these are the fundamentals that matter. Add this to

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<v Speaker 4>that fundamental list. When you are evaluating a company, this

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<v Speaker 4>is key. How many customers are in their ecosystem. So

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<v Speaker 4>Apple has one point five billion active devices. According to

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<v Speaker 4>last year, T Mobile actively has ninety eight million customers

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<v Speaker 4>paying every month. Microsoft has seventy five, Netflix seventy three.

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<v Speaker 4>Disney Plus had eighty six point eight. They're projected to

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<v Speaker 4>go to two hundred and sixty million by the end

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<v Speaker 4>of this year. The only weakness we do Disney Plus.

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<v Speaker 4>They don't have any amazing content. They're living off old content.

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<v Speaker 4>But if they can find a way to create more

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<v Speaker 4>content without going into debt like Netflix, they can have

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<v Speaker 4>a powerful last business. So a key point I want

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<v Speaker 4>you to write this down. Companies with a subscriber base

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<v Speaker 4>of seventy million to one hundred million is eight.

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<v Speaker 2>This episode is brought to you by P and C Bank.

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<v Speaker 2>A lot of people think podcasts about work are boring,

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<v Speaker 2>and sure they definitely can be, but understanding of professionals

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<v Speaker 2>routine shows us how they achieve their success little by little,

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<v Speaker 2>day after day. It's like banking with P and C Bank.

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<v Speaker 2>It might seem boring to save, plan and make calculated

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<v Speaker 2>decisions with your bank, but keeping your money boring is

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<v Speaker 2>what helps you live or more happily fulfilled life. P

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<v Speaker 2>and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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<v Speaker 2>Boring since eighteen sixty five is a service mark of

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<v Speaker 2>the PNC Financial Service Group, Inc. P and C Bank

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<v Speaker 2>National Association Member at dic ernerds.

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<v Speaker 3>What's Up?

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<v Speaker 2>You ever walk into a small business and everything just

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<v Speaker 2>works like the checkout is fast, the receipts are digital,

0:09:10.600 --> 0:09:13.600
<v Speaker 2>tipping is a breeze, and you're out the door before

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<v Speaker 2>the line even builds Odds are they're using Square? We

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<v Speaker 2>love supporting businesses that run on Square because it just

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<v Speaker 2>at a pop up market, or even one of our

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<v Speaker 2>merch partners, Square makes it easy for them to take payments,

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<v Speaker 2>manage inventory, and run their business with confidence, all from

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<v Speaker 2>one simple system. If you're a business owner or even

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<v Speaker 2>just thinking about launching something soon, Square is hands down

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<v Speaker 2>one of the best tools out there to help you start, run,

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<v Speaker 2>and grow. It's not just about payments, it's about giving

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<v Speaker 2>you time back so you can focus on what matters

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<v Speaker 2>most Ready. To see how Square can transform your business,

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<v Speaker 2>visit Square dot com, backslash, go backslash, eyl to learn

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<v Speaker 2>more that Square dot com backslash, go backslash uyl, don't wait,

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<v Speaker 2>don't hesitate. Let's square handle the back end so you

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<v Speaker 2>can keep pushing your vision forward.

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<v Speaker 1>You just realized your business needed to hire someone yesterday.

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<v Speaker 1>How can you find amazing candidates fast? Easy? Just use Indeed.

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<v Speaker 1>Stop struggling to get your job posts seen on other

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<v Speaker 1>job sites. With Indeed sponsored jobs, your post jumps to

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<v Speaker 1>the top of the page for your relevant candidates, so

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<v Speaker 1>you can reach the people you want faster. According to

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<v Speaker 1>Indeed data, sponsored jobs posted directly on Indeed have forty

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<v Speaker 1>five percent more applications than non sponsored jobs. Don't wait

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<v Speaker 1>any longer, speed up your hiring right now with Indeed,

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<v Speaker 1>and listeners of this show will get a seventy five

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<v Speaker 1>dollars sponsored job credit to get your jobs more visibility

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<v Speaker 1>at indeed dot com slash pod Katz thirteen. Just go

0:10:55.960 --> 0:11:00.760
<v Speaker 1>to Indeed dot com slash pod Katz thirteen right now

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<v Speaker 1>and support our show by saying you heard about Indeed

0:11:03.679 --> 0:11:08.000
<v Speaker 1>on this podcast. Terms and conditions apply. Hiring Indeed is

0:11:08.040 --> 0:11:09.040
<v Speaker 1>all you need.

0:11:09.240 --> 0:11:11.880
<v Speaker 4>Sweet Spot to invest in your homework for the night,

0:11:12.400 --> 0:11:14.800
<v Speaker 4>make a list of ten of those companies and select

0:11:14.800 --> 0:11:17.880
<v Speaker 4>the three that you want to invest in really quick,

0:11:18.200 --> 0:11:18.679
<v Speaker 4>go ahead.

0:11:18.520 --> 0:11:21.319
<v Speaker 3>And like you don't like the mandalorian is.

0:11:21.600 --> 0:11:24.520
<v Speaker 4>The last episode was amazing, But it's one of those

0:11:24.520 --> 0:11:30.440
<v Speaker 4>things where it's like, it's very niche, it's very It's

0:11:30.520 --> 0:11:32.960
<v Speaker 4>kind of like kid Cutty, like kid Cutty spawned a

0:11:33.000 --> 0:11:37.160
<v Speaker 4>wave's but not everyone is like, yo, you hurt the

0:11:37.200 --> 0:11:40.480
<v Speaker 4>new cutting. But if Kanye does it, Kanye would be

0:11:40.520 --> 0:11:43.800
<v Speaker 4>Apple or T Mobile or Netflix in comparison.

0:11:44.080 --> 0:11:46.640
<v Speaker 3>Your analogies are incredible. Man, that's a good one. I try.

0:11:46.800 --> 0:11:49.560
<v Speaker 3>I try. Spot.

0:11:49.840 --> 0:11:52.360
<v Speaker 4>It's a point that needs to be stressed home for

0:11:52.440 --> 0:11:55.439
<v Speaker 4>the fellas. You can either buy and hold for freedom,

0:11:56.000 --> 0:11:59.000
<v Speaker 4>or you can choose to be selfish. Fellas, I'm gonna

0:11:59.040 --> 0:12:00.800
<v Speaker 4>talk to us more aggressively this year, and I'm gonna

0:12:00.800 --> 0:12:02.120
<v Speaker 4>tell you some of the things that I wish that

0:12:02.160 --> 0:12:05.440
<v Speaker 4>I was told earlier. The number one reason that people

0:12:05.520 --> 0:12:07.280
<v Speaker 4>don't hold for ten to thirty years because you don't

0:12:07.280 --> 0:12:09.800
<v Speaker 4>give a damn about who is in your life and

0:12:09.800 --> 0:12:11.360
<v Speaker 4>who is in your family, and you're not looking to

0:12:11.400 --> 0:12:15.400
<v Speaker 4>secure their future. At some point, fellas, we've got to

0:12:15.440 --> 0:12:22.000
<v Speaker 4>have some private talks about hedging in relationships. But the

0:12:22.040 --> 0:12:25.040
<v Speaker 4>thing that I see is amongst the men that love

0:12:25.120 --> 0:12:27.600
<v Speaker 4>their kids and love their family, they all have put

0:12:27.679 --> 0:12:32.439
<v Speaker 4>something away. For the men that have had the misfortune

0:12:32.520 --> 0:12:35.240
<v Speaker 4>of dealing with the wrong type of person or having

0:12:35.240 --> 0:12:37.360
<v Speaker 4>a child and being divorced with the wrong type of person,

0:12:37.840 --> 0:12:41.360
<v Speaker 4>they are a lot more hesitant. Through the good graces

0:12:41.360 --> 0:12:43.400
<v Speaker 4>of God and through this partnership out last year, I

0:12:43.440 --> 0:12:45.680
<v Speaker 4>was able to talk to like fourteen thousand people about investing,

0:12:47.160 --> 0:12:49.920
<v Speaker 4>And whenever I've talked to men, the ones who really

0:12:49.920 --> 0:12:51.840
<v Speaker 4>loved their kids, it was not even a question if

0:12:51.840 --> 0:12:55.760
<v Speaker 4>they have money put away. So we won't do this

0:12:56.080 --> 0:12:58.240
<v Speaker 4>in a public form, but in the private form we

0:12:58.280 --> 0:13:00.520
<v Speaker 4>have to talk about some strategies to mitigate even if

0:13:00.760 --> 0:13:05.640
<v Speaker 4>you are in a tumultuous situation in your household, if

0:13:05.640 --> 0:13:08.920
<v Speaker 4>you got in before the crash last year, it only

0:13:08.960 --> 0:13:11.720
<v Speaker 4>took you three months to recover, thank God to quantitative

0:13:11.720 --> 0:13:13.600
<v Speaker 4>easing and all the Robinhood traders and all of us

0:13:13.600 --> 0:13:16.040
<v Speaker 4>that were new in the market that helped prop some

0:13:16.120 --> 0:13:19.079
<v Speaker 4>of these things up. And if you bought at the

0:13:19.160 --> 0:13:23.079
<v Speaker 4>absolute high before the world shut down, it only took

0:13:23.120 --> 0:13:27.200
<v Speaker 4>you six months to recover. Six months, and we talked

0:13:27.200 --> 0:13:30.080
<v Speaker 4>about it before post World War two, in a recession,

0:13:30.120 --> 0:13:32.680
<v Speaker 4>on average it takes seventeen months to recover, which is

0:13:32.720 --> 0:13:34.360
<v Speaker 4>not a long time. When you're in the middle of

0:13:34.360 --> 0:13:36.120
<v Speaker 4>that store, man, it f its like hell on Earth.

0:13:36.679 --> 0:13:40.480
<v Speaker 4>But I want to reemphasize these points. So if we

0:13:40.800 --> 0:13:43.120
<v Speaker 4>enter another because today the market's slid down and everyone

0:13:43.160 --> 0:13:46.560
<v Speaker 4>was panicking, I'm like, Nazdak hit an all time high

0:13:46.880 --> 0:13:47.400
<v Speaker 4>before the.

0:13:47.400 --> 0:13:49.880
<v Speaker 3>Open, What did you think it was gonna do? Once again?

0:13:49.920 --> 0:13:52.559
<v Speaker 4>If I score fifty two in the garden the next game,

0:13:52.600 --> 0:13:55.240
<v Speaker 4>I'm probably I'm going to go back to my baseline average.

0:13:55.920 --> 0:13:59.080
<v Speaker 4>And the people who kept waiting and kept saying, well

0:13:59.120 --> 0:14:01.760
<v Speaker 4>in another month, I'll invest they missed.

0:14:01.559 --> 0:14:03.160
<v Speaker 3>Out on one of the greatest roullies in history.

0:14:03.679 --> 0:14:05.959
<v Speaker 4>So I need you to know, once the market drops

0:14:05.960 --> 0:14:08.800
<v Speaker 4>thirty to fifty percent, it usually goes up one hundred

0:14:08.840 --> 0:14:11.960
<v Speaker 4>to one hundred and thirteen percent and four years off index,

0:14:12.000 --> 0:14:16.520
<v Speaker 4>and a loan technology usually is five hundred percent to

0:14:16.559 --> 0:14:18.360
<v Speaker 4>one thousand percent return.

0:14:20.160 --> 0:14:21.800
<v Speaker 3>These are the three sleepers that I wish I.

0:14:21.720 --> 0:14:24.520
<v Speaker 4>Had called in twenty twenty. This first one you need

0:14:24.560 --> 0:14:27.760
<v Speaker 4>to write down. Domino's Pizza. We've talked about it. I

0:14:27.800 --> 0:14:29.200
<v Speaker 4>wish I would have called it in March so I

0:14:29.200 --> 0:14:31.520
<v Speaker 4>could have patted myself on the back, but I think

0:14:31.560 --> 0:14:34.520
<v Speaker 4>I did already with tussling over the last ten or

0:14:34.520 --> 0:14:40.080
<v Speaker 4>eleven years, Dominos is up fifty seven hundred percent fifty

0:14:40.080 --> 0:14:43.440
<v Speaker 4>seven hundred percent number two overstock. Oversock is going to

0:14:43.480 --> 0:14:46.040
<v Speaker 4>slide back down this year, but it was a nice

0:14:46.080 --> 0:14:48.840
<v Speaker 4>return of five hundred and seventy percent seventy six percent,

0:14:49.280 --> 0:14:50.720
<v Speaker 4>and Novavaks is a sleeper.

0:14:50.760 --> 0:14:52.400
<v Speaker 3>I don't think Novavax is good now.

0:14:52.440 --> 0:14:54.680
<v Speaker 4>And maybe we'll do chart time next week for sure,

0:14:55.360 --> 0:14:58.880
<v Speaker 4>but ten thousand in last year in n Novovaks.

0:14:58.480 --> 0:15:01.720
<v Speaker 3>Would have grossed you two hundred and eighty. I can't lie.

0:15:01.840 --> 0:15:04.600
<v Speaker 3>I have some fun over that. I really do.

0:15:04.840 --> 0:15:07.840
<v Speaker 4>This is my personal blueprint for twenty twenty one. My

0:15:08.040 --> 0:15:10.160
<v Speaker 4>entire theme of this year is going to be no talking,

0:15:10.200 --> 0:15:12.480
<v Speaker 4>all executing. So I'm gonna be straight to the point

0:15:12.680 --> 0:15:15.000
<v Speaker 4>on every episode, and I want you to execute if

0:15:15.000 --> 0:15:17.240
<v Speaker 4>you choose to. For me, I'm personally gonna go through

0:15:17.240 --> 0:15:20.040
<v Speaker 4>two hundred pages a day, go through my research stack.

0:15:20.720 --> 0:15:22.600
<v Speaker 4>I'm going to go through the weekly review of the

0:15:22.600 --> 0:15:24.640
<v Speaker 4>top one hundred companies on my list. So write this

0:15:24.720 --> 0:15:27.360
<v Speaker 4>down because if you want a competitive edge, this is

0:15:27.360 --> 0:15:29.800
<v Speaker 4>what I'm doing to get it. I'm going to research

0:15:29.880 --> 0:15:33.520
<v Speaker 4>every single stock in all markets, are international markets and

0:15:33.680 --> 0:15:37.120
<v Speaker 4>domestic in ninety days. I'm going to mark off the

0:15:37.120 --> 0:15:41.520
<v Speaker 4>by zones for every company, mark off which ones are

0:15:41.560 --> 0:15:43.960
<v Speaker 4>winners and losers, and block out all the noise.

0:15:45.440 --> 0:15:47.360
<v Speaker 3>This point right here is the most important.

0:15:47.840 --> 0:15:50.640
<v Speaker 4>Block out all noise. I'm gonna be real. Most financial

0:15:50.680 --> 0:15:54.320
<v Speaker 4>outlets have turned into world Star or shape Room. Kudos

0:15:54.320 --> 0:15:58.000
<v Speaker 4>to the good people of at shape Room. Love y'all right,

0:15:58.080 --> 0:16:01.760
<v Speaker 4>but not a lot of information is given to help

0:16:01.920 --> 0:16:05.200
<v Speaker 4>you catapult to the next level. A lot of it

0:16:05.240 --> 0:16:08.320
<v Speaker 4>is to keep your attention and eyeballs glued to their

0:16:08.360 --> 0:16:12.240
<v Speaker 4>page for at revenue. And then my final assignment is

0:16:12.280 --> 0:16:15.640
<v Speaker 4>to discover what the top three investments are for the year,

0:16:15.680 --> 0:16:18.720
<v Speaker 4>So screenshot that because this is my personal blueprint. So

0:16:18.720 --> 0:16:21.640
<v Speaker 4>if I'm a little bit quieter this year, I'm getting

0:16:21.680 --> 0:16:23.560
<v Speaker 4>back in the trenches in the laboratory so I can

0:16:24.120 --> 0:16:27.960
<v Speaker 4>put some enhancements on this crystal ball. This is one

0:16:27.960 --> 0:16:32.520
<v Speaker 4>of the most popular posts and cause some controversy, but

0:16:32.960 --> 0:16:37.120
<v Speaker 4>I originally posted this in twenty eighteen in December and

0:16:37.200 --> 0:16:42.080
<v Speaker 4>posted it again and caught fire. But I'm not putting

0:16:42.120 --> 0:16:46.440
<v Speaker 4>this to cause you to be stressed or depressed. I'm

0:16:46.440 --> 0:16:49.680
<v Speaker 4>doing it to give you context. So when you first

0:16:49.720 --> 0:16:54.400
<v Speaker 4>get your first hundred grand, whether it's liquid, partially liquid,

0:16:54.720 --> 0:16:58.000
<v Speaker 4>or all tied up once you have kids in a family,

0:16:58.040 --> 0:17:02.520
<v Speaker 4>that's not real money, right, So let's take me out

0:17:02.520 --> 0:17:05.480
<v Speaker 4>of it and let's look at the DAYA kudos to Joshua.

0:17:07.480 --> 0:17:10.920
<v Speaker 4>In order to be considered rich, according to twenty nineteen seven,

0:17:10.960 --> 0:17:13.440
<v Speaker 4>you need at least two point three to be wealthy.

0:17:13.520 --> 0:17:17.119
<v Speaker 4>That's to have a cushion. So whether it's liquid, real estate,

0:17:17.200 --> 0:17:20.159
<v Speaker 4>a combination of both, that's how much. This is the

0:17:20.200 --> 0:17:24.520
<v Speaker 4>metric for where we are right. So the first goal

0:17:24.560 --> 0:17:26.600
<v Speaker 4>you want to get to is ten grand. After that

0:17:26.640 --> 0:17:28.879
<v Speaker 4>you want to get to fifty. The third milestone is

0:17:28.880 --> 0:17:31.840
<v Speaker 4>one hundred. After that you have to be pushing to

0:17:31.840 --> 0:17:34.800
<v Speaker 4>get to the million dollar mark in combination of all

0:17:34.880 --> 0:17:39.359
<v Speaker 4>assets that you have underneath your portfolio. Before you will actually,

0:17:39.440 --> 0:17:43.280
<v Speaker 4>if you have kids, be able to breathe. And the

0:17:43.400 --> 0:17:46.080
<v Speaker 4>true way to know if you have more than enough money,

0:17:46.800 --> 0:17:49.560
<v Speaker 4>you need to multiply whatever your bills are. I multiply

0:17:49.680 --> 0:17:51.880
<v Speaker 4>those times ten years, and that'll tell you how much

0:17:52.119 --> 0:17:54.399
<v Speaker 4>room you need for cushion to be stable.

0:17:54.640 --> 0:17:56.880
<v Speaker 2>To hear a more extended conversation. Make sure to check

0:17:56.920 --> 0:18:00.200
<v Speaker 2>out our live YouTube show Market Mondays every Monday eight

0:18:00.200 --> 0:18:03.560
<v Speaker 2>pm Easter Standard time, seven pm Central, and check out

0:18:03.560 --> 0:18:07.320
<v Speaker 2>the Market Monday's podcast on iHeart, Spotify, Apple, wherever you

0:18:07.359 --> 0:18:08.880
<v Speaker 2>download your podcast Now.

0:18:10.760 --> 0:18:15.560
<v Speaker 4>My graduates from my school being forced bad drop bag

0:18:15.720 --> 0:18:20.359
<v Speaker 4>Drop Mike, drop Bag drop drop.

0:18:29.880 --> 0:18:33.760
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