1 00:00:03,400 --> 00:00:05,280 Speaker 1: What's up. It's way up at Angela Ye. 2 00:00:05,320 --> 00:00:07,600 Speaker 2: And it's a Wealth Wednesday, So of course my partner 3 00:00:07,600 --> 00:00:08,920 Speaker 2: Stacy Tisdale is here with me. 4 00:00:09,400 --> 00:00:12,639 Speaker 3: Happy Wealth Wednesdays. We are taking you way up and 5 00:00:12,680 --> 00:00:15,400 Speaker 3: down the Path to Prosperity today. 6 00:00:15,560 --> 00:00:18,079 Speaker 1: Yes, now it's good to have you guys back. 7 00:00:18,200 --> 00:00:18,680 Speaker 4: Yes. 8 00:00:18,880 --> 00:00:21,799 Speaker 2: So we've done Path to Prosperity previously and it was 9 00:00:21,840 --> 00:00:24,279 Speaker 2: amazing when you guys were on the Breakfast Club. But 10 00:00:24,320 --> 00:00:26,040 Speaker 2: now we're doing a way up at Angela Ye. And 11 00:00:26,040 --> 00:00:28,400 Speaker 2: we have a challenge that we're going to be doing. 12 00:00:28,440 --> 00:00:31,880 Speaker 2: But let's start talking about path to Prosperity and you 13 00:00:31,920 --> 00:00:33,839 Speaker 2: guys actually coming together to form this. 14 00:00:34,280 --> 00:00:36,280 Speaker 5: Yeah, I mean I think for us it was it 15 00:00:36,320 --> 00:00:40,559 Speaker 5: was a diviney aligned you know, each of us had 16 00:00:40,560 --> 00:00:43,839 Speaker 5: a mission to help people make, manage and multiply money, 17 00:00:44,680 --> 00:00:48,600 Speaker 5: and we just were in different lanes and we realized 18 00:00:48,640 --> 00:00:50,760 Speaker 5: that if we came together, it'd be more powerful. 19 00:00:50,800 --> 00:00:50,879 Speaker 6: Right. 20 00:00:50,960 --> 00:00:53,160 Speaker 5: There's a lot of people out there that talk about 21 00:00:53,159 --> 00:00:57,080 Speaker 5: financial literacy, generational wealth, things of that nature. But all 22 00:00:57,120 --> 00:01:00,400 Speaker 5: of this is information, Like people are getting information, Uh, 23 00:01:00,480 --> 00:01:03,000 Speaker 5: but what about the application? Like how can you apply 24 00:01:03,160 --> 00:01:07,120 Speaker 5: these you know, this this information in order to like 25 00:01:07,240 --> 00:01:10,560 Speaker 5: truly create generational wealth. And so you know, I, you know, 26 00:01:10,640 --> 00:01:13,360 Speaker 5: I talk about you know, with my banking background, I 27 00:01:13,360 --> 00:01:16,600 Speaker 5: talk about multiple streams of income. Marvin you know, talks 28 00:01:16,600 --> 00:01:19,399 Speaker 5: about insurance and how to you know, use insurance. 29 00:01:20,520 --> 00:01:24,280 Speaker 4: Oh man, the game as the employeed millionaire. 30 00:01:24,360 --> 00:01:28,000 Speaker 5: So it's just it was just synergy and teaching people 31 00:01:28,040 --> 00:01:31,800 Speaker 5: how to implement these these these uh principles in order 32 00:01:31,840 --> 00:01:32,360 Speaker 5: to bill wealth. 33 00:01:32,600 --> 00:01:36,360 Speaker 7: You know, the power of collaboration, we know this is powerful. 34 00:01:36,920 --> 00:01:41,039 Speaker 7: We both were all individually successful. What makes us different is, 35 00:01:41,640 --> 00:01:44,360 Speaker 7: as was the CEO of a credit union, I've owned 36 00:01:44,360 --> 00:01:46,800 Speaker 7: a financial firm for seventeen years, so I've been doing 37 00:01:46,840 --> 00:01:48,880 Speaker 7: this for a long time. Storm has been doing real 38 00:01:49,000 --> 00:01:51,640 Speaker 7: estate for a long time, before social media, before we 39 00:01:51,640 --> 00:01:54,440 Speaker 7: were even on social media effects, before we were getting 40 00:01:54,480 --> 00:01:58,920 Speaker 7: interviews before any of this. So although we were successful individually, 41 00:01:59,000 --> 00:02:01,440 Speaker 7: when we came together to help the people and we 42 00:02:01,480 --> 00:02:04,600 Speaker 7: say let's lower ourselves individually so that we can maximize 43 00:02:04,600 --> 00:02:07,400 Speaker 7: ourself as a group, the numbers that came in were 44 00:02:07,440 --> 00:02:09,360 Speaker 7: just strong. The people that we began to help, We 45 00:02:09,400 --> 00:02:13,200 Speaker 7: begin to literally help thousands and thousands of people almost overnight, 46 00:02:13,320 --> 00:02:14,320 Speaker 7: just by joining together. 47 00:02:14,400 --> 00:02:16,720 Speaker 2: So it was anowerful I think it's important to talk 48 00:02:16,760 --> 00:02:18,919 Speaker 2: about your experience and credibility because there's a lot of 49 00:02:18,919 --> 00:02:22,959 Speaker 2: people out there who are selling classes, our quote mentors, 50 00:02:23,400 --> 00:02:25,960 Speaker 2: but they may not like what's the background, How do 51 00:02:26,040 --> 00:02:28,000 Speaker 2: they have the experience to even be able to tell 52 00:02:28,080 --> 00:02:28,840 Speaker 2: us what we need to do? 53 00:02:28,919 --> 00:02:30,720 Speaker 1: What is their success rate looking like? 54 00:02:30,880 --> 00:02:33,239 Speaker 3: And we've really worked with a lot of work to 55 00:02:33,280 --> 00:02:35,240 Speaker 3: bring attention to a lot of different groups, and we 56 00:02:35,280 --> 00:02:39,240 Speaker 3: really vet them closely and really partner with very very 57 00:02:39,280 --> 00:02:41,200 Speaker 3: few of them. And this is just a shout out 58 00:02:41,440 --> 00:02:44,000 Speaker 3: to what these gentlemen are and what they have accomplished 59 00:02:44,000 --> 00:02:47,560 Speaker 3: and how they've helped thousands of people build millions of 60 00:02:47,600 --> 00:02:51,639 Speaker 3: dollars with the three tiers of the path to prosperity. 61 00:02:51,760 --> 00:02:55,080 Speaker 3: Tell us about those three tiers for our prosperous journeys 62 00:02:55,120 --> 00:02:56,480 Speaker 3: and not crying tiers, but. 63 00:02:58,360 --> 00:03:02,520 Speaker 8: Sometimes yeah, definitely to the background part. You know, I 64 00:03:02,600 --> 00:03:04,799 Speaker 8: started buying real estate. My first piece of real estate 65 00:03:04,840 --> 00:03:07,440 Speaker 8: was in nineteen ninety nine, so that's way before any 66 00:03:07,480 --> 00:03:10,160 Speaker 8: of the social media kick and people see us now, 67 00:03:10,240 --> 00:03:12,919 Speaker 8: so like getting the switch, but you know, it's taking 68 00:03:12,960 --> 00:03:16,440 Speaker 8: my job, working that job and understanding that the job 69 00:03:16,919 --> 00:03:19,400 Speaker 8: is actually paying us not to come back to work 70 00:03:19,840 --> 00:03:21,840 Speaker 8: We just don't realize that. We think the job is 71 00:03:21,840 --> 00:03:24,160 Speaker 8: paying you to keep paying bills, get charged up and 72 00:03:24,200 --> 00:03:27,280 Speaker 8: come back when they're paying you to invest in yourself. 73 00:03:27,919 --> 00:03:31,359 Speaker 8: Find that thing, put it on repeat, because it's important 74 00:03:31,600 --> 00:03:33,760 Speaker 8: to use your salary to go to the next level. 75 00:03:33,800 --> 00:03:35,920 Speaker 8: Because if the only way you can make money physically, 76 00:03:36,160 --> 00:03:38,040 Speaker 8: what happens when you can't physically do the job? 77 00:03:38,120 --> 00:03:40,640 Speaker 3: No more so everything. 78 00:03:40,800 --> 00:03:41,760 Speaker 9: Yeah, it starts with the. 79 00:03:41,720 --> 00:03:44,520 Speaker 8: Belief that transforming to the mind shift that now you 80 00:03:44,560 --> 00:03:47,560 Speaker 8: can implement that thing. So the pillars of what we have, 81 00:03:47,760 --> 00:03:49,040 Speaker 8: make multiply and manage. 82 00:03:49,360 --> 00:03:53,280 Speaker 3: That's the three pillars. Yeah, maybe multiplying man and make 83 00:03:53,400 --> 00:03:54,040 Speaker 3: multiply man. 84 00:03:54,120 --> 00:03:56,080 Speaker 2: I want to talk about your real estate though, because 85 00:03:56,160 --> 00:04:01,120 Speaker 2: right now is of course you do. But like the economy, 86 00:04:01,120 --> 00:04:03,320 Speaker 2: people are really nervous to do anything right now. They're 87 00:04:03,360 --> 00:04:06,400 Speaker 2: nervous about the stock market, they're nervous when they're thinking 88 00:04:06,400 --> 00:04:10,880 Speaker 2: about insurance, they're nervous about real estate interest rates right now, 89 00:04:11,040 --> 00:04:14,600 Speaker 2: and just even like materials, a lot of people are 90 00:04:14,720 --> 00:04:16,840 Speaker 2: having issues when they try to buy a home to 91 00:04:16,920 --> 00:04:21,880 Speaker 2: flip and finding that they're actually losing money in certain situations. Right, So, 92 00:04:21,880 --> 00:04:23,640 Speaker 2: how has the real estate market been for you? Because 93 00:04:23,680 --> 00:04:26,279 Speaker 2: sometimes people think that's such a sure thing, but it's 94 00:04:26,320 --> 00:04:28,200 Speaker 2: not always a sure thing. 95 00:04:28,760 --> 00:04:30,960 Speaker 8: I look at it as as this way, and I 96 00:04:31,040 --> 00:04:32,719 Speaker 8: like a lot of people get in the space to 97 00:04:32,760 --> 00:04:35,440 Speaker 8: think about don't think about start losing money in the beginning. 98 00:04:35,480 --> 00:04:36,360 Speaker 9: You'll make money later. 99 00:04:36,440 --> 00:04:38,600 Speaker 8: Not in real estate like a lot of us be like, oh, 100 00:04:38,600 --> 00:04:41,279 Speaker 8: I'm going to buy this property, I'm going to flip it, 101 00:04:41,400 --> 00:04:43,599 Speaker 8: I'm going to find a tenant. Well, you're losing money 102 00:04:43,640 --> 00:04:46,120 Speaker 8: in the process. I look at buying properties that are 103 00:04:46,200 --> 00:04:50,000 Speaker 8: tenant occupied already, that are company's making money, Like, look 104 00:04:50,040 --> 00:04:50,920 Speaker 8: at that as a company. 105 00:04:51,120 --> 00:04:52,000 Speaker 9: So if you know you're. 106 00:04:51,839 --> 00:04:54,440 Speaker 8: Buying a property and it costs one amount, let's say 107 00:04:54,440 --> 00:04:56,919 Speaker 8: one hundred thousand dollars, and you know the rent's going 108 00:04:57,000 --> 00:04:58,080 Speaker 8: to cover that mortgage. 109 00:04:58,080 --> 00:04:59,120 Speaker 9: You're buying a business. 110 00:04:59,279 --> 00:05:01,560 Speaker 8: If they never was late on making a payment for 111 00:05:01,800 --> 00:05:04,680 Speaker 8: two years, why would they stop paying rent. You're buying 112 00:05:04,680 --> 00:05:07,800 Speaker 8: a business. Now, just get someone to manage the business, 113 00:05:08,040 --> 00:05:10,200 Speaker 8: and you just go around and do what buy more 114 00:05:10,279 --> 00:05:13,120 Speaker 8: businesses and you can do this across the entire United 115 00:05:13,120 --> 00:05:17,120 Speaker 8: States and still maintain working. Why are you're buying more businesses? 116 00:05:17,520 --> 00:05:19,719 Speaker 8: So when you're able to buy at a price now 117 00:05:19,760 --> 00:05:21,760 Speaker 8: and you know the numbers work. Look at when the 118 00:05:21,800 --> 00:05:24,039 Speaker 8: interest rates goes down, and now you can refin, it's 119 00:05:24,080 --> 00:05:26,280 Speaker 8: going to be even a better deal. And if it's 120 00:05:26,360 --> 00:05:28,960 Speaker 8: so much of a chaotic situation now in real estate, 121 00:05:29,880 --> 00:05:32,640 Speaker 8: why is there's still so many shortage of houses? Why 122 00:05:32,720 --> 00:05:35,760 Speaker 8: is there still so many people buying, why there's still 123 00:05:35,800 --> 00:05:38,040 Speaker 8: in So it's portrayed to. 124 00:05:38,080 --> 00:05:40,760 Speaker 9: Us housing is bad, stocks are bad. 125 00:05:40,880 --> 00:05:43,400 Speaker 8: Everything is bad when the underlying story to me when 126 00:05:43,440 --> 00:05:45,440 Speaker 8: I hear these things are oh, you mean it's on sell? 127 00:05:45,800 --> 00:05:48,279 Speaker 5: And so think about this though, right, So Storm started 128 00:05:48,760 --> 00:05:51,960 Speaker 5: investing in real estate in ninety nine with eight eight 129 00:05:51,960 --> 00:05:55,240 Speaker 5: thousand dollars, became a multi millionaire while working at Horizon. 130 00:05:55,360 --> 00:05:58,880 Speaker 5: Let's not let's not go by that. And he's still 131 00:05:58,920 --> 00:06:02,800 Speaker 5: investing in real estate. While eight two thousand and one happened, 132 00:06:02,839 --> 00:06:04,839 Speaker 5: two thousand and eight happened, two thousand and nine happened, 133 00:06:04,880 --> 00:06:09,000 Speaker 5: the pandemic happens. So the good thing about the way 134 00:06:09,040 --> 00:06:11,840 Speaker 5: he invests in real estate is the fact that he's 135 00:06:11,920 --> 00:06:13,000 Speaker 5: investing in real estate. 136 00:06:13,040 --> 00:06:15,279 Speaker 4: And he teaches this on our challenge as well. 137 00:06:15,279 --> 00:06:19,960 Speaker 5: He's invested in real estate with income producing properties already, 138 00:06:20,200 --> 00:06:22,200 Speaker 5: So it's good, Like if you want to do fix 139 00:06:22,240 --> 00:06:23,960 Speaker 5: and flip, that's cool. If you want to do wholesaling, 140 00:06:24,000 --> 00:06:28,960 Speaker 5: that's cool. But let's there's a specific niche of properties 141 00:06:28,960 --> 00:06:32,039 Speaker 5: that you can buy that already, like you already know 142 00:06:32,160 --> 00:06:34,240 Speaker 5: going in is going to make you money, right and 143 00:06:34,279 --> 00:06:36,799 Speaker 5: for me, you know, you know, I started my career 144 00:06:36,960 --> 00:06:39,840 Speaker 5: as a banker in nineteen ninety nine actually as well, right, 145 00:06:39,920 --> 00:06:42,839 Speaker 5: I was a tell personal banker, private banker, and a 146 00:06:42,839 --> 00:06:45,880 Speaker 5: lot of things. I realized that people focus a lot 147 00:06:45,920 --> 00:06:47,920 Speaker 5: on is interest rate, Like, oh my god, the interest 148 00:06:48,000 --> 00:06:51,000 Speaker 5: rates are high, right, But here's the secret. The secret 149 00:06:51,120 --> 00:06:53,920 Speaker 5: is banks have to lend money. I don't care what 150 00:06:53,960 --> 00:06:56,680 Speaker 5: the interest rates are. That is the way that banks 151 00:06:56,680 --> 00:06:59,479 Speaker 5: make money without so I don't care what the economy 152 00:06:59,520 --> 00:07:02,080 Speaker 5: is doing. They are going to to you know, you know, 153 00:07:02,160 --> 00:07:04,880 Speaker 5: lend money. And so what we've been doing is teaching 154 00:07:04,920 --> 00:07:07,000 Speaker 5: people how do you take that credit and how do 155 00:07:07,040 --> 00:07:09,600 Speaker 5: you create wealth from that credit? Right, So think about 156 00:07:09,600 --> 00:07:12,200 Speaker 5: this real quick. Conceptually, if you go to a bank, 157 00:07:12,240 --> 00:07:14,760 Speaker 5: the bank has to lend this money out. The bank 158 00:07:14,880 --> 00:07:16,640 Speaker 5: has to give you this money, and you get this 159 00:07:16,720 --> 00:07:19,520 Speaker 5: money and whatever the interest rate is, if you follow 160 00:07:19,560 --> 00:07:23,520 Speaker 5: the methodology that Storm does, where you're buying income producing 161 00:07:23,560 --> 00:07:27,679 Speaker 5: properties anyway, Technically it really doesn't matter what the interest 162 00:07:27,760 --> 00:07:31,440 Speaker 5: rate is because your tenant is paying is paying for 163 00:07:31,480 --> 00:07:34,040 Speaker 5: that interest, right and then and you're taking that money 164 00:07:34,080 --> 00:07:36,920 Speaker 5: and you're not You're not you know, uh, you know, 165 00:07:37,000 --> 00:07:39,520 Speaker 5: buying clothes with it. You're not doing nothing that's risky 166 00:07:39,560 --> 00:07:42,560 Speaker 5: with it. You're you're actually getting into a business that's 167 00:07:42,600 --> 00:07:45,120 Speaker 5: already cash on. So before you even sign on the 168 00:07:45,160 --> 00:07:47,800 Speaker 5: dotted light line to take out that credit, you know 169 00:07:47,840 --> 00:07:50,640 Speaker 5: how much, how much your your note's gonna be. You 170 00:07:50,680 --> 00:07:53,200 Speaker 5: know how much money you're gonna get. And then once 171 00:07:53,200 --> 00:07:56,120 Speaker 5: you do that, you go to Marvin, and Marvin teach 172 00:07:56,160 --> 00:07:56,600 Speaker 5: you how to. 173 00:07:59,600 --> 00:08:03,080 Speaker 3: Second, first of all, you've made the point there. If 174 00:08:03,120 --> 00:08:05,480 Speaker 3: you are if you're buying something that has a tenant 175 00:08:05,640 --> 00:08:07,240 Speaker 3: in it, does that make it. 176 00:08:07,160 --> 00:08:08,400 Speaker 1: Easier to get? 177 00:08:09,920 --> 00:08:11,920 Speaker 3: Makes it easier to get? 178 00:08:11,080 --> 00:08:14,920 Speaker 8: You look at buying properties that For example, I love 179 00:08:15,000 --> 00:08:19,200 Speaker 8: to buy government programs houses that are government funded meeting 180 00:08:19,240 --> 00:08:23,160 Speaker 8: Section eight VA housing because the government's never laid on rent. 181 00:08:23,360 --> 00:08:25,400 Speaker 8: When I was buying Section eight properties years ago, they 182 00:08:25,440 --> 00:08:27,040 Speaker 8: was looking at me like a mad man. Why you 183 00:08:27,080 --> 00:08:31,160 Speaker 8: buy Section eight properties? COVID hit guess what government wasn't 184 00:08:31,200 --> 00:08:33,680 Speaker 8: laid on my rent. Everybody has stories, and I said, 185 00:08:33,679 --> 00:08:35,720 Speaker 8: this is why. And you know Section eight in certain 186 00:08:35,760 --> 00:08:38,400 Speaker 8: areas of the country are very nice homes. 187 00:08:38,440 --> 00:08:39,800 Speaker 9: People just need a little help. 188 00:08:40,280 --> 00:08:42,640 Speaker 8: So I look at buying those properties because they were 189 00:08:42,679 --> 00:08:44,480 Speaker 8: making money and the government was coming through. 190 00:08:44,600 --> 00:08:46,880 Speaker 2: Now, Marvin, let's see how what does insurance have to 191 00:08:46,880 --> 00:08:47,600 Speaker 2: do with all of this. 192 00:08:47,600 --> 00:08:48,920 Speaker 1: And how can that help fund? 193 00:08:49,120 --> 00:08:58,600 Speaker 7: Thank you. So we got to talk about this because 194 00:08:58,600 --> 00:09:01,200 Speaker 7: this is this is dema most critical thing when it 195 00:09:01,200 --> 00:09:04,160 Speaker 7: comes to financial plan So Staycey and Angela. The reason 196 00:09:04,160 --> 00:09:07,120 Speaker 7: why I talk about this is that our system is 197 00:09:07,160 --> 00:09:09,920 Speaker 7: feeling us is So I've been a financial advisor for 198 00:09:09,960 --> 00:09:14,880 Speaker 7: seventeen years. Again, like when I started in this particular business. 199 00:09:15,040 --> 00:09:18,640 Speaker 7: I got into this business because my grandmother. See my grandmother, 200 00:09:18,800 --> 00:09:22,199 Speaker 7: she she saved, She worked for a company for thirty 201 00:09:22,240 --> 00:09:24,760 Speaker 7: five years, saved in her four h one k. Did 202 00:09:24,800 --> 00:09:27,360 Speaker 7: everything that we're taught for the average person to do. 203 00:09:27,920 --> 00:09:29,440 Speaker 7: But she was afraid that she was going to become 204 00:09:29,480 --> 00:09:32,240 Speaker 7: a burden on a family toward the end of her life. 205 00:09:32,559 --> 00:09:36,240 Speaker 7: And that's exactly what happened because before she passed away 206 00:09:36,280 --> 00:09:40,760 Speaker 7: with cancer, unfortunately the stock market crash, she lost fifty 207 00:09:40,760 --> 00:09:43,760 Speaker 7: percent of her money. She had no long term care insurance, 208 00:09:44,200 --> 00:09:47,000 Speaker 7: and I watched my grandmother run out of money and 209 00:09:47,080 --> 00:09:49,920 Speaker 7: feel that she was that burdenard on the family. So 210 00:09:49,960 --> 00:09:52,839 Speaker 7: I said, I can't let that happen to anybody. So 211 00:09:52,880 --> 00:09:55,480 Speaker 7: I came into the financial industry at a big Wall 212 00:09:55,520 --> 00:09:58,120 Speaker 7: Street firm, thinking that I was going to be the 213 00:09:58,160 --> 00:10:00,760 Speaker 7: one to make a difference. And then I realized that 214 00:10:00,840 --> 00:10:04,320 Speaker 7: the industry cared more about lining up their own dollars 215 00:10:04,480 --> 00:10:07,120 Speaker 7: than they cared about actually making sure that the people 216 00:10:07,320 --> 00:10:09,520 Speaker 7: got what they needed and got what they wanted. That's 217 00:10:09,520 --> 00:10:12,360 Speaker 7: why people are following the system rules, saving in their 218 00:10:12,360 --> 00:10:14,719 Speaker 7: four to one K working for a company, retiring in 219 00:10:14,840 --> 00:10:17,240 Speaker 7: sixty five, living off of less than they earned when 220 00:10:17,240 --> 00:10:18,480 Speaker 7: they were working, and they're. 221 00:10:18,320 --> 00:10:19,480 Speaker 4: Still running out of money. 222 00:10:19,760 --> 00:10:21,720 Speaker 7: There was a statistic that I just read about New 223 00:10:21,800 --> 00:10:26,160 Speaker 7: York Times that said people making over six figures, forty 224 00:10:26,200 --> 00:10:28,480 Speaker 7: eight percent of people making over six figures are still 225 00:10:28,480 --> 00:10:31,480 Speaker 7: living paycheck to paycheck and percent of running out of 226 00:10:31,520 --> 00:10:33,120 Speaker 7: money before they retired. So I was like, I got 227 00:10:33,160 --> 00:10:35,400 Speaker 7: to do something different, So I left the big Wall 228 00:10:35,400 --> 00:10:38,440 Speaker 7: Street firm and I started my financial firm with the 229 00:10:38,520 --> 00:10:42,199 Speaker 7: emphasis on making sure that that solution is done. So 230 00:10:42,240 --> 00:10:45,120 Speaker 7: what I came across is that wealthy people were not 231 00:10:45,200 --> 00:10:48,080 Speaker 7: doing the same thing that ordinary people were doing. They 232 00:10:48,640 --> 00:10:51,120 Speaker 7: were not saving in four one k's paying off their 233 00:10:51,120 --> 00:10:53,199 Speaker 7: house early. What they were doing is they were leveraging. 234 00:10:53,480 --> 00:10:56,600 Speaker 7: They were learning how to use tools such as life insurance. 235 00:10:56,840 --> 00:11:00,080 Speaker 7: They were having this policy. They all had these policies. 236 00:11:00,080 --> 00:11:03,680 Speaker 3: Till like VUL policies because those are expensive. 237 00:11:03,280 --> 00:11:07,079 Speaker 7: Great question. No, no, not VUL. So there's different types 238 00:11:07,120 --> 00:11:09,560 Speaker 7: of policies. You got the VUL by the. 239 00:11:09,520 --> 00:11:12,959 Speaker 3: Way, everybody that's variable universal life. They're really cool because 240 00:11:12,960 --> 00:11:15,760 Speaker 3: when you put money in it, it kind of grows 241 00:11:15,760 --> 00:11:17,680 Speaker 3: in the stock market and you can borrow against that. 242 00:11:17,760 --> 00:11:18,720 Speaker 3: But they're a little pricey. 243 00:11:18,800 --> 00:11:21,280 Speaker 7: What the problem is is that it's in the stock market. 244 00:11:21,440 --> 00:11:24,319 Speaker 7: So it's a variable universal life, which means it varies, 245 00:11:24,360 --> 00:11:26,160 Speaker 7: which means, just like the four oh one k, you 246 00:11:26,200 --> 00:11:29,200 Speaker 7: can make money and you can lose money very expensive fees. 247 00:11:29,520 --> 00:11:31,520 Speaker 7: And you also have term life, which a lot of 248 00:11:31,520 --> 00:11:34,520 Speaker 7: people know about. Problem with term life is for a 249 00:11:34,679 --> 00:11:38,199 Speaker 7: term which means ten years, twenty years, it expires, then 250 00:11:38,240 --> 00:11:41,240 Speaker 7: what you have no more life insurance. Term is okay 251 00:11:41,280 --> 00:11:44,320 Speaker 7: when you're super super young and you're early in the game. 252 00:11:44,559 --> 00:11:46,720 Speaker 7: Problem is is that maybe you got to get approved again. 253 00:11:46,760 --> 00:11:49,280 Speaker 7: What if your health goes bad, you don't have life insurance. 254 00:11:49,320 --> 00:11:52,360 Speaker 7: So permanent policies vul is one that I don't recommend, 255 00:11:52,360 --> 00:11:55,000 Speaker 7: but also the two that I do recommend will be 256 00:11:55,080 --> 00:11:59,240 Speaker 7: Whole Life or Index Universal Life. But it has to 257 00:11:59,240 --> 00:12:01,600 Speaker 7: be properly stressure the right way. Because of not you're 258 00:12:01,640 --> 00:12:04,200 Speaker 7: still paying the expensive fees and you're not building up 259 00:12:04,240 --> 00:12:07,040 Speaker 7: a cash value. So when you're building up this cash value, 260 00:12:07,280 --> 00:12:08,920 Speaker 7: Whole Life is going to allow you to get a 261 00:12:08,920 --> 00:12:12,760 Speaker 7: fixed rate of return and borrow against it within thirty 262 00:12:12,840 --> 00:12:15,000 Speaker 7: days and your money continues to grow as if you 263 00:12:15,080 --> 00:12:18,720 Speaker 7: never touched it. Index Universal Life is going to allow 264 00:12:18,760 --> 00:12:20,839 Speaker 7: you to grow it faster because you can actually earn 265 00:12:20,920 --> 00:12:24,720 Speaker 7: up to ten or twelve percent per year, but you 266 00:12:24,760 --> 00:12:27,120 Speaker 7: can't borrow against it as fast. So you have to 267 00:12:27,400 --> 00:12:29,080 Speaker 7: pick your poison on what you want to do. And 268 00:12:29,120 --> 00:12:31,320 Speaker 7: the rich people what they used to do. They dump 269 00:12:31,360 --> 00:12:34,360 Speaker 7: money into these policies, they borrowed against it, then a 270 00:12:34,440 --> 00:12:37,320 Speaker 7: policy continued to grow as if they never touched it, 271 00:12:37,360 --> 00:12:40,160 Speaker 7: so they were making money off the same dollar multiple times. 272 00:12:40,240 --> 00:12:42,600 Speaker 2: Yeah, we had a great conversation about this off the record, 273 00:12:42,640 --> 00:12:44,199 Speaker 2: about what I need to do. He's gonna take a 274 00:12:44,240 --> 00:12:45,640 Speaker 2: look at my insurance. 275 00:12:46,280 --> 00:12:47,040 Speaker 3: Isn't it exciting? 276 00:12:47,040 --> 00:12:47,199 Speaker 2: Though? 277 00:12:47,200 --> 00:12:49,120 Speaker 3: You're going to actually teach people how to do this 278 00:12:49,360 --> 00:12:53,080 Speaker 3: on the way up Prosperity dot Com challenge. Everybody just 279 00:12:53,120 --> 00:12:55,920 Speaker 3: sign up for that way of Prosperity dot Com the challenge. 280 00:12:55,960 --> 00:12:56,680 Speaker 4: You're going to be amazed. 281 00:12:56,679 --> 00:12:58,200 Speaker 3: You're gonna teach people how to do that. 282 00:12:58,679 --> 00:13:01,360 Speaker 2: Now, I want to ask you guys some some things 283 00:13:01,400 --> 00:13:05,040 Speaker 2: that have been happening on the eet okay. For instance, 284 00:13:05,520 --> 00:13:08,840 Speaker 2: people were weighing in on Gabrielle Union and doing waiting. 285 00:13:08,840 --> 00:13:10,199 Speaker 1: I'm sure you saw this story. 286 00:13:10,480 --> 00:13:13,600 Speaker 2: Ye where she said this going there she pays fifty 287 00:13:13,640 --> 00:13:16,520 Speaker 2: percent of the bills and people were furious, like Dwayne 288 00:13:16,559 --> 00:13:19,160 Speaker 2: Way's made two hundred million dollars and why are you 289 00:13:19,320 --> 00:13:21,439 Speaker 2: doing that? And she's like, look, this is what works 290 00:13:21,440 --> 00:13:23,839 Speaker 2: in my household. They have other families on both ends 291 00:13:23,880 --> 00:13:26,319 Speaker 2: who they that they take care of. Of course he's 292 00:13:26,400 --> 00:13:29,760 Speaker 2: offered to handle everything. What are your thoughts on fifty 293 00:13:29,800 --> 00:13:30,840 Speaker 2: to fifty in the household? 294 00:13:31,559 --> 00:13:34,640 Speaker 3: The mindset? 295 00:13:35,080 --> 00:13:38,240 Speaker 5: We talked about this, So I'll go first because because 296 00:13:38,320 --> 00:13:41,600 Speaker 5: because I don't believe in that I believe in and 297 00:13:41,640 --> 00:13:44,360 Speaker 5: once to come look I believe in one income household. 298 00:13:44,440 --> 00:13:47,240 Speaker 4: I believe that the man should take care of everything. 299 00:13:47,280 --> 00:13:49,360 Speaker 3: We're gonna fight, Yeah, I believe in that. 300 00:13:49,679 --> 00:13:53,240 Speaker 5: But but I also believe that financially, the family should 301 00:13:53,240 --> 00:13:56,640 Speaker 5: be on the same age where collectively, uh, there should 302 00:13:56,679 --> 00:14:00,400 Speaker 5: be financial goals and the money that's coming into the 303 00:14:00,400 --> 00:14:02,920 Speaker 5: household should be feeding the financial goals. 304 00:14:02,960 --> 00:14:03,080 Speaker 4: Right. 305 00:14:03,120 --> 00:14:04,920 Speaker 5: So, if the man is taking care of everything and 306 00:14:04,960 --> 00:14:07,200 Speaker 5: the money and there's still money coming into the household, 307 00:14:07,280 --> 00:14:09,400 Speaker 5: doesn't mean that the woman. If the woman makes money, 308 00:14:09,720 --> 00:14:11,319 Speaker 5: that you know, she could do whatever she wants with 309 00:14:11,360 --> 00:14:13,720 Speaker 5: the money. It's it's like, now the rest of that money, 310 00:14:13,960 --> 00:14:16,640 Speaker 5: let's invest it. Let's kind of come together and figure 311 00:14:16,679 --> 00:14:19,280 Speaker 5: out how we're gonna grow, right, how we're gonna make 312 00:14:19,360 --> 00:14:21,520 Speaker 5: make more money, how we're gonna manage that money, how 313 00:14:21,560 --> 00:14:25,240 Speaker 5: we're gonna multiply that money. And then that's how you know, 314 00:14:25,320 --> 00:14:27,560 Speaker 5: we we stay on the same page as it relates 315 00:14:27,560 --> 00:14:31,600 Speaker 5: to finances. I think that you know women again, though. 316 00:14:32,440 --> 00:14:32,840 Speaker 4: But I don't. 317 00:14:33,280 --> 00:14:35,040 Speaker 5: I think if women don't have to work, if they 318 00:14:35,040 --> 00:14:39,320 Speaker 5: don't want to in a in a committed, committed relationship. 319 00:14:39,680 --> 00:14:41,920 Speaker 3: Keep this in mind and your answers and you're thinking 320 00:14:41,920 --> 00:14:44,080 Speaker 3: a good friend of ours, Cassandra Cummings, who's had the 321 00:14:44,120 --> 00:14:46,520 Speaker 3: stocks instill let Us Society, we had this whole conversation, 322 00:14:47,440 --> 00:14:50,600 Speaker 3: she pointed out, and I can tell you a financially 323 00:14:50,720 --> 00:14:56,680 Speaker 3: independent woman can conduct themselves differently in a relationship. There 324 00:14:56,720 --> 00:14:59,800 Speaker 3: when you take that financial piece out, the relationship is 325 00:15:00,040 --> 00:15:04,160 Speaker 3: completely different. Agree, And that's it's a freedom, it's a 326 00:15:04,160 --> 00:15:07,520 Speaker 3: healthier relationship. And I'll just keep that in mind. 327 00:15:07,720 --> 00:15:09,920 Speaker 2: And let's just say she's not working, right and you're 328 00:15:10,000 --> 00:15:11,880 Speaker 2: in like you said, she doesn't have to Does that 329 00:15:11,920 --> 00:15:14,200 Speaker 2: mean she's entitled to half if things shouldn't work out? 330 00:15:14,320 --> 00:15:16,080 Speaker 5: Yeah, And so that's the thing, right, So I don't 331 00:15:16,120 --> 00:15:18,520 Speaker 5: think she I don't think that she should be entitled 332 00:15:18,520 --> 00:15:21,880 Speaker 5: to half if she if if she right, if she's 333 00:15:21,920 --> 00:15:27,120 Speaker 5: not contributing to uh the total uh improvement of that household. 334 00:15:27,200 --> 00:15:27,320 Speaker 6: Right. 335 00:15:27,360 --> 00:15:29,200 Speaker 5: So it's so it's it's like this, right, It's like 336 00:15:29,680 --> 00:15:32,080 Speaker 5: if if if the guy is bringing in all of 337 00:15:32,080 --> 00:15:35,120 Speaker 5: the income, let's just say, for instance, and she doesn't work, 338 00:15:35,160 --> 00:15:38,239 Speaker 5: but she's taking care of the kid like she's she's contributing, 339 00:15:39,360 --> 00:15:42,000 Speaker 5: you know, a lot to the stability of that household, 340 00:15:42,080 --> 00:15:45,720 Speaker 5: then absolutely she should get half. Right, Okay, if if if, 341 00:15:45,800 --> 00:15:48,880 Speaker 5: if there's another arrangement where she's working, or whatever the 342 00:15:48,880 --> 00:15:52,280 Speaker 5: case may be. I just think it's all individual. But 343 00:15:52,360 --> 00:15:56,840 Speaker 5: again I think that there should be a collective collectively, 344 00:15:56,880 --> 00:15:59,640 Speaker 5: they should be working together. So it's not like I 345 00:15:59,760 --> 00:16:02,080 Speaker 5: make all the money so I have the power. No, 346 00:16:02,800 --> 00:16:05,680 Speaker 5: I you know, I'm working and I'm taking care of everything. 347 00:16:05,720 --> 00:16:08,280 Speaker 5: But that's something that we agreed on. That's something that 348 00:16:08,600 --> 00:16:10,280 Speaker 5: as a couple, we said, all right, this is what 349 00:16:10,280 --> 00:16:12,880 Speaker 5: we're gonna do. We're gonna rely on this on this 350 00:16:13,000 --> 00:16:16,400 Speaker 5: one income to take care of the basic necessities, and 351 00:16:16,440 --> 00:16:19,720 Speaker 5: now all of the other things. Now we come together 352 00:16:20,000 --> 00:16:23,040 Speaker 5: and figure out how do we make those flourished. 353 00:16:22,600 --> 00:16:27,920 Speaker 9: As a couple's cue. That's cue. 354 00:16:28,800 --> 00:16:31,120 Speaker 7: I do believe in the man being the provider in 355 00:16:31,120 --> 00:16:33,000 Speaker 7: the household, and I do believe that the man, in 356 00:16:33,040 --> 00:16:37,160 Speaker 7: my opinion, should, especially in a married relationship. Looking at me, 357 00:16:37,800 --> 00:16:40,920 Speaker 7: consume got a different opinion about this. So so I 358 00:16:40,960 --> 00:16:44,320 Speaker 7: do believe that. But I also feel like whatever you should, 359 00:16:44,440 --> 00:16:46,560 Speaker 7: you should I a man, you should get with a 360 00:16:46,560 --> 00:16:51,480 Speaker 7: woman that takes whatever you contribute to it to multiply. 361 00:16:52,040 --> 00:16:54,400 Speaker 7: If all she's doing is just taking the money and 362 00:16:54,480 --> 00:16:57,120 Speaker 7: just consuming, consuming, consuming and I'm just basically paying you 363 00:16:57,160 --> 00:17:00,400 Speaker 7: an allowance. Then they can actually be sometimes a little 364 00:17:00,400 --> 00:17:02,360 Speaker 7: bit of a burden. Right, But if I'm giving, but 365 00:17:02,400 --> 00:17:05,479 Speaker 7: if I'm given, let's say I'm giving you ten twenty thousand, 366 00:17:05,640 --> 00:17:07,679 Speaker 7: but you're taking some of their money and you starting 367 00:17:07,720 --> 00:17:10,000 Speaker 7: something to side. Maybe you invested in some real estate, 368 00:17:10,280 --> 00:17:12,720 Speaker 7: like if we don't ever work out, take the money 369 00:17:12,800 --> 00:17:16,000 Speaker 7: to make sure you made yourself better off. Then before 370 00:17:16,040 --> 00:17:17,160 Speaker 7: you got into the relations. 371 00:17:16,840 --> 00:17:18,159 Speaker 2: Are you're giving the money or is it a big 372 00:17:18,200 --> 00:17:20,000 Speaker 2: account that we have access to ulso. 373 00:17:19,920 --> 00:17:22,960 Speaker 7: So three different accounts, right, So I believe that you 374 00:17:22,960 --> 00:17:25,959 Speaker 7: should have your own account, but then a shared account, 375 00:17:26,160 --> 00:17:28,520 Speaker 7: right because if you're buying me something for Christmas, I 376 00:17:28,560 --> 00:17:30,000 Speaker 7: don't want to have to see it coming out of 377 00:17:30,000 --> 00:17:31,960 Speaker 7: the account. But we got everything together. You got to 378 00:17:32,000 --> 00:17:35,680 Speaker 7: have some some sort of independence. But at the same time, 379 00:17:36,000 --> 00:17:37,359 Speaker 7: it's just going to be better for you if you 380 00:17:37,440 --> 00:17:39,439 Speaker 7: learn how to manage your own account and then we 381 00:17:39,480 --> 00:17:41,560 Speaker 7: got our account together to share it responsibility. 382 00:17:41,800 --> 00:17:43,600 Speaker 3: It's again, it's different. I remember I think it was 383 00:17:43,640 --> 00:17:46,320 Speaker 3: Wendy Williams asked her audience. The women in her audience, 384 00:17:46,560 --> 00:17:49,480 Speaker 3: if they each got five million dollars, would they stay 385 00:17:49,480 --> 00:17:50,199 Speaker 3: in their marriage. 386 00:17:50,520 --> 00:17:51,880 Speaker 4: Oh that's a good question, and like. 387 00:17:52,080 --> 00:17:55,399 Speaker 3: None of them would. It was like none of them. 388 00:17:56,600 --> 00:18:00,400 Speaker 3: A lot of people stay. That's what Cassandra's talking about. 389 00:18:00,480 --> 00:18:03,320 Speaker 3: If you take money out of the equation, you have 390 00:18:03,480 --> 00:18:05,560 Speaker 3: a relationship, but standing on its own. 391 00:18:05,840 --> 00:18:09,960 Speaker 5: When the man is using the money as a control mechanism. 392 00:18:09,960 --> 00:18:11,000 Speaker 5: And that's not what I'm saying. 393 00:18:11,080 --> 00:18:14,360 Speaker 3: It's not about control, but not not intentionally. But if 394 00:18:14,359 --> 00:18:18,040 Speaker 3: someone's paying the bills, they do have an element of control. 395 00:18:18,359 --> 00:18:20,280 Speaker 3: You are you are not controlled that we don't talk 396 00:18:20,280 --> 00:18:22,800 Speaker 3: about control. You are dependent on them, but in a 397 00:18:22,840 --> 00:18:26,080 Speaker 3: way you could develop them. We are going so off track. 398 00:18:27,359 --> 00:18:28,959 Speaker 1: What makes more than you? 399 00:18:29,040 --> 00:18:29,200 Speaker 2: Right? 400 00:18:29,240 --> 00:18:32,720 Speaker 5: And and that's the thing, right, So I'm saying that 401 00:18:32,760 --> 00:18:33,800 Speaker 5: it goes into this. 402 00:18:35,960 --> 00:18:42,119 Speaker 7: Okay, Storm, start a second before Storm goes to say that, yes, 403 00:18:42,240 --> 00:18:44,400 Speaker 7: you some before we get too far off the track. 404 00:18:44,440 --> 00:18:47,040 Speaker 7: We're gonna get to this. We got to tell you 405 00:18:47,080 --> 00:18:49,520 Speaker 7: all that we are about to show you how to make, 406 00:18:49,760 --> 00:18:56,720 Speaker 7: multiply and manage your money. All right, Storm, Prosperity dot Com. 407 00:18:56,760 --> 00:19:00,119 Speaker 3: You gotta go there way whatever, Storm, because you're. 408 00:19:01,000 --> 00:19:04,960 Speaker 8: This isn't the nineteen sixties, nineteen seventies, when one person 409 00:19:05,040 --> 00:19:07,160 Speaker 8: can manage a household where he can go to work, 410 00:19:07,240 --> 00:19:09,720 Speaker 8: she can stay home raise all the children. 411 00:19:10,040 --> 00:19:11,760 Speaker 9: Now, this is for people don't have a lot of money. 412 00:19:12,200 --> 00:19:12,960 Speaker 4: You need for me. 413 00:19:13,160 --> 00:19:15,520 Speaker 8: You need to know who you're investing in as a 414 00:19:15,560 --> 00:19:17,680 Speaker 8: person and what do they bring it to the table. 415 00:19:17,720 --> 00:19:20,480 Speaker 8: Are you trying to grow together or she's staying home 416 00:19:20,600 --> 00:19:25,560 Speaker 8: while you build something. But to inherit another person, which 417 00:19:25,600 --> 00:19:28,640 Speaker 8: to me, if they don't have anything going on, you're 418 00:19:28,680 --> 00:19:32,160 Speaker 8: inheriting debt. You need to inherit an understanding. You need 419 00:19:32,160 --> 00:19:34,800 Speaker 8: to inherit someone who's willing to build with you and 420 00:19:34,840 --> 00:19:37,960 Speaker 8: not take away from you, and not who's willing to 421 00:19:37,960 --> 00:19:40,879 Speaker 8: sit there and say you go do do everything, and 422 00:19:40,920 --> 00:19:43,960 Speaker 8: if something falls apart, I'm going to leave because you 423 00:19:44,080 --> 00:19:46,199 Speaker 8: made me relying on what you were doing right, so 424 00:19:46,320 --> 00:19:48,560 Speaker 8: if you didn't ask the important questions. This is for 425 00:19:48,560 --> 00:19:50,639 Speaker 8: guys who are not making a lot of money. We 426 00:19:50,800 --> 00:19:52,480 Speaker 8: tend to get caught up in the fact that she 427 00:19:52,600 --> 00:19:55,679 Speaker 8: looks so pretty that my obligation is to do. But 428 00:19:55,720 --> 00:19:58,640 Speaker 8: when you start doing and you can't do anymore, will 429 00:19:58,680 --> 00:20:00,879 Speaker 8: she be there because you came in doing. Now, for 430 00:20:00,960 --> 00:20:04,560 Speaker 8: men that have money, I believe a man who's had money, 431 00:20:04,560 --> 00:20:07,320 Speaker 8: he has other situations. He may have an ex wife, 432 00:20:07,320 --> 00:20:09,840 Speaker 8: he may have children, he might have alimony. If she 433 00:20:09,960 --> 00:20:13,600 Speaker 8: has money, she should say to herself, what are we 434 00:20:13,720 --> 00:20:16,800 Speaker 8: doing as a group? And never it's too much love 435 00:20:16,880 --> 00:20:19,639 Speaker 8: and not enough business. That equates a better loving. So 436 00:20:19,680 --> 00:20:22,560 Speaker 8: when you put the business aspect in front, now you're 437 00:20:22,560 --> 00:20:24,399 Speaker 8: able to build. I want somebody who could say me 438 00:20:24,520 --> 00:20:26,760 Speaker 8: and you will take a business and in business and 439 00:20:26,760 --> 00:20:30,639 Speaker 8: build a corporation. Somebody has to be the president. Somebody 440 00:20:30,640 --> 00:20:32,679 Speaker 8: got to be the vice president. And long as she 441 00:20:32,880 --> 00:20:35,640 Speaker 8: knows her role as vice president, because there's certain things 442 00:20:35,640 --> 00:20:39,200 Speaker 8: as a president I can't do. Yeah, okay, let me 443 00:20:39,280 --> 00:20:41,119 Speaker 8: let me implement just a little bit more, because I 444 00:20:41,119 --> 00:20:43,080 Speaker 8: don't want that to sound too misogynistic. 445 00:20:43,720 --> 00:20:46,000 Speaker 3: I'm not challenging you. What I'm just saying. The reality 446 00:20:46,160 --> 00:20:49,480 Speaker 3: is that seventy percent of all the households in the 447 00:20:49,560 --> 00:20:52,879 Speaker 3: United States, women are the primary breadwinners. Now, yes, and 448 00:20:53,040 --> 00:20:57,400 Speaker 3: I'm just mean about it. Yeah, seventy And on top 449 00:20:57,440 --> 00:20:59,680 Speaker 3: of that, they still do ninety percent of the household 450 00:20:59,720 --> 00:21:02,200 Speaker 3: chores another kind. 451 00:21:02,440 --> 00:21:06,200 Speaker 5: We're going off and and but and this is why 452 00:21:06,240 --> 00:21:10,280 Speaker 5: it's important right to get around folks like us that 453 00:21:10,320 --> 00:21:12,360 Speaker 5: teach you how to make, manage and multiply money right, 454 00:21:12,400 --> 00:21:15,680 Speaker 5: because I think in our community, specifically in the black community, 455 00:21:16,000 --> 00:21:18,479 Speaker 5: we are taught that we need to work hard for money, 456 00:21:18,960 --> 00:21:20,640 Speaker 5: when the truth is money. 457 00:21:20,440 --> 00:21:22,080 Speaker 1: Needs to work hard for us. 458 00:21:22,119 --> 00:21:25,399 Speaker 5: And so when we get rid of that dynamic of 459 00:21:25,480 --> 00:21:28,639 Speaker 5: us working hard for money, it doesn't matter who who's 460 00:21:28,680 --> 00:21:32,720 Speaker 5: bringing in the money, because in the beginning of the relationship, yes, 461 00:21:33,040 --> 00:21:35,040 Speaker 5: if the woman's making the money, if the man's making 462 00:21:35,040 --> 00:21:37,320 Speaker 5: the money, whatever, we're gonna have to work for it. 463 00:21:37,600 --> 00:21:39,719 Speaker 5: But if you have the right system in place and 464 00:21:39,760 --> 00:21:43,240 Speaker 5: you create these assets, where now that money becomes an 465 00:21:43,320 --> 00:21:46,959 Speaker 5: asset and it starts making money for you, now all 466 00:21:47,280 --> 00:21:50,080 Speaker 5: all you're doing is you're managing that money together. It's 467 00:21:50,080 --> 00:21:55,080 Speaker 5: not about hey, he makes more money, no, like like 468 00:21:55,160 --> 00:21:58,600 Speaker 5: that's wrong. Actually, the right way is that the money 469 00:21:58,640 --> 00:21:59,920 Speaker 5: should be making more money than you. 470 00:22:02,359 --> 00:22:04,400 Speaker 7: So pay you back enough of what ash you's saying. 471 00:22:04,680 --> 00:22:06,800 Speaker 7: Because we see this all the time. People think they 472 00:22:06,840 --> 00:22:09,160 Speaker 7: gotta work hard, they gotta work work, work, work, work, 473 00:22:09,240 --> 00:22:10,920 Speaker 7: just to get paid, when really we want to show 474 00:22:10,960 --> 00:22:13,920 Speaker 7: people how to work get paid, get paid, get paid, 475 00:22:13,920 --> 00:22:16,639 Speaker 7: get paid, get paid, and earn a passive income. And 476 00:22:16,800 --> 00:22:20,360 Speaker 7: I believe that it's easier if you have a if 477 00:22:20,400 --> 00:22:23,080 Speaker 7: you ten x your money than it is to just 478 00:22:23,160 --> 00:22:26,040 Speaker 7: double in two x your money. It's actually easier to 479 00:22:26,119 --> 00:22:28,760 Speaker 7: ten x your money. So think about this. If you 480 00:22:28,840 --> 00:22:31,560 Speaker 7: were working linear, if you're making fifty thousand and then 481 00:22:31,600 --> 00:22:34,120 Speaker 7: you're trying to grow that money to one hundred thousand, right, well, 482 00:22:34,119 --> 00:22:35,760 Speaker 7: you're gonna have to work harder. You're gonna have to 483 00:22:35,760 --> 00:22:37,560 Speaker 7: get a promotion, you're gonna have to get raises, you're 484 00:22:37,560 --> 00:22:39,480 Speaker 7: gonna have to impress a lot of people and do 485 00:22:39,560 --> 00:22:42,200 Speaker 7: the same thing and do it better. But if you're 486 00:22:42,240 --> 00:22:44,399 Speaker 7: ten x in your money, you can't do that just 487 00:22:44,480 --> 00:22:46,600 Speaker 7: by doing You have to do that by thinking. You 488 00:22:46,640 --> 00:22:48,840 Speaker 7: have to do that by saying who can I hire, 489 00:22:49,200 --> 00:22:51,679 Speaker 7: who can I bring in? What systems do I have 490 00:22:51,720 --> 00:22:54,040 Speaker 7: to put in place? Do I have to order acquire 491 00:22:54,080 --> 00:22:56,520 Speaker 7: another business? Do I have to get a bigger team? 492 00:22:56,560 --> 00:22:58,640 Speaker 7: What do I have to do? And when you do that, 493 00:22:58,680 --> 00:23:00,880 Speaker 7: the crazy thing about that you will make ten x more, 494 00:23:01,160 --> 00:23:04,000 Speaker 7: but you'll also work ten x lists. And that's what 495 00:23:04,080 --> 00:23:05,600 Speaker 7: we want to show people how to do, how to 496 00:23:05,640 --> 00:23:06,040 Speaker 7: make life. 497 00:23:06,160 --> 00:23:08,800 Speaker 3: Indeed, do to give this a little bit of direction, 498 00:23:09,640 --> 00:23:12,920 Speaker 3: talk about the freedom score, because we're talking about all 499 00:23:12,920 --> 00:23:15,399 Speaker 3: of these different ways to make money, and I'm if 500 00:23:15,440 --> 00:23:17,160 Speaker 3: I'm listening to this, I'm hearing I'm trying to write 501 00:23:17,160 --> 00:23:18,560 Speaker 3: out and down. Okay, I'm gonna do this. I'm gonna 502 00:23:18,600 --> 00:23:20,920 Speaker 3: do this. Don't we have to full stop what am 503 00:23:20,920 --> 00:23:23,520 Speaker 3: I trying to accomplish and then build that plan to 504 00:23:23,560 --> 00:23:26,320 Speaker 3: get there. So talk about the freedom score and the 505 00:23:26,359 --> 00:23:29,159 Speaker 3: importance of making doing what you're saying to do to 506 00:23:29,160 --> 00:23:30,200 Speaker 3: build a plan to get there. 507 00:23:30,520 --> 00:23:33,600 Speaker 8: Yeah, for the freedom score is how much money does 508 00:23:33,640 --> 00:23:36,240 Speaker 8: it take for you to become free? Was that free 509 00:23:36,240 --> 00:23:38,000 Speaker 8: from the nine to five? Free from that thing that's 510 00:23:38,000 --> 00:23:40,359 Speaker 8: stopping you from becoming a success. If you know you 511 00:23:40,440 --> 00:23:42,600 Speaker 8: make fifty thousand dollars a year, Now, if you take 512 00:23:42,600 --> 00:23:45,400 Speaker 8: away the fact that you probably spending this much money 513 00:23:45,400 --> 00:23:47,960 Speaker 8: on car payments, this much money on childcare, this much 514 00:23:48,000 --> 00:23:50,199 Speaker 8: money on all the things that is taking you to 515 00:23:50,240 --> 00:23:52,720 Speaker 8: go to that job, maybe it only takes you thirty 516 00:23:52,720 --> 00:23:56,199 Speaker 8: five thousand dollars. How do you make thirty five thousand dollars? Like, 517 00:23:56,240 --> 00:23:58,280 Speaker 8: for example, when I bought my first property and that 518 00:23:58,359 --> 00:24:00,720 Speaker 8: property was making me, I took the eight thousand and 519 00:24:00,800 --> 00:24:03,160 Speaker 8: made six thousand. I said, Okay, you mean to tell 520 00:24:03,160 --> 00:24:04,840 Speaker 8: me if I'm making six thousand a year, I just 521 00:24:04,840 --> 00:24:07,920 Speaker 8: need eight more properties. So now I knew eight thousand, 522 00:24:08,080 --> 00:24:09,760 Speaker 8: I wouldn't need that money, so I would take one 523 00:24:09,840 --> 00:24:11,800 Speaker 8: hundred dollars a month, I mean hundred dollars a week, 524 00:24:12,080 --> 00:24:14,560 Speaker 8: fifty two hundred dollars in my tax return average of 525 00:24:14,640 --> 00:24:15,280 Speaker 8: three thousand. 526 00:24:15,520 --> 00:24:18,639 Speaker 9: That was only six more properties. But that was a plan, 527 00:24:19,119 --> 00:24:19,359 Speaker 9: but it. 528 00:24:19,440 --> 00:24:21,560 Speaker 8: Actually cutting my time in half because every year I 529 00:24:21,600 --> 00:24:24,199 Speaker 8: bought a property, I left the job in five years. 530 00:24:24,440 --> 00:24:27,160 Speaker 8: So you just need to figure out how much money 531 00:24:27,200 --> 00:24:30,200 Speaker 8: you're making. What is the thing to supplement that salary? 532 00:24:30,400 --> 00:24:33,359 Speaker 8: That freedom scored now becomes that number. It only took 533 00:24:33,400 --> 00:24:36,720 Speaker 8: me this many properties, eight properties, but end up leaving 534 00:24:36,720 --> 00:24:40,119 Speaker 8: on in thirty because I learned how to partner with 535 00:24:40,280 --> 00:24:42,840 Speaker 8: people to make my money go further. We have to 536 00:24:42,840 --> 00:24:46,040 Speaker 8: start thinking about group economics in a different way. Stop 537 00:24:46,080 --> 00:24:48,040 Speaker 8: thinking that you have to do it yourself. If you 538 00:24:48,080 --> 00:24:49,639 Speaker 8: had twenty thousand, and you know you could buy a 539 00:24:49,680 --> 00:24:53,119 Speaker 8: hundred thousand dollar of property, you got twenty twenty twenty. Okay, 540 00:24:53,119 --> 00:24:56,240 Speaker 8: we got three one property apiece. But if we bought together, 541 00:24:56,280 --> 00:24:59,800 Speaker 8: that's three properties together. Why is that more important? Because 542 00:24:59,840 --> 00:25:02,879 Speaker 8: now we're doing taxes for three different properties. We have 543 00:25:02,960 --> 00:25:06,360 Speaker 8: properties across the country. That's growing equity three different times. 544 00:25:06,640 --> 00:25:10,320 Speaker 8: Now we're writing off different deductions at a different level. 545 00:25:10,359 --> 00:25:12,920 Speaker 8: We need to understand the power of the LLC's being, 546 00:25:13,000 --> 00:25:16,159 Speaker 8: power of having a home office, writing off your rent, light, 547 00:25:16,600 --> 00:25:19,040 Speaker 8: gas mortgage, taking. 548 00:25:18,720 --> 00:25:20,240 Speaker 9: Trips to go see your properties. 549 00:25:20,680 --> 00:25:23,680 Speaker 8: We will not start up creating LLCs until we got 550 00:25:23,720 --> 00:25:26,640 Speaker 8: something running, so we're coming out of pocket. But if 551 00:25:26,640 --> 00:25:28,320 Speaker 8: you started up the LLC and say I want to 552 00:25:28,320 --> 00:25:31,640 Speaker 8: start my business while you're not making money, you can 553 00:25:31,680 --> 00:25:34,640 Speaker 8: still write off the losses. 554 00:25:33,840 --> 00:25:36,399 Speaker 5: And starting your LLC the right way. Right because Storm 555 00:25:36,440 --> 00:25:38,840 Speaker 5: talks about a lot. You know, your job being your 556 00:25:38,880 --> 00:25:42,000 Speaker 5: first business partner. The bank is your business partner as well. 557 00:25:42,040 --> 00:25:44,359 Speaker 5: And that's why we, you know, call this challenge the 558 00:25:44,440 --> 00:25:48,680 Speaker 5: credit to Wealth, because not only can you use your job, 559 00:25:48,720 --> 00:25:51,720 Speaker 5: but you can use other people's money to now get 560 00:25:51,720 --> 00:25:53,880 Speaker 5: into that invite show. You know your freedom score now 561 00:25:54,119 --> 00:25:55,879 Speaker 5: and now you know how much money you need in 562 00:25:56,000 --> 00:25:57,719 Speaker 5: order to become free. 563 00:25:58,160 --> 00:26:00,680 Speaker 4: Now, why not set up your business the right way? 564 00:26:00,680 --> 00:26:02,560 Speaker 5: And we talk about that on our challenge because a 565 00:26:02,560 --> 00:26:04,280 Speaker 5: lot of people set up their business the wrong way, 566 00:26:04,400 --> 00:26:06,199 Speaker 5: then they walk into a bank right and this is 567 00:26:06,240 --> 00:26:09,320 Speaker 5: this is secrets Confessions of a former banker, they set 568 00:26:09,400 --> 00:26:11,880 Speaker 5: up their banker, they set up their businesses, the walk 569 00:26:12,000 --> 00:26:14,920 Speaker 5: the wrong way. They walk into a bank and they say, hey, 570 00:26:14,960 --> 00:26:16,439 Speaker 5: I want to I want to take out this I 571 00:26:16,480 --> 00:26:19,080 Speaker 5: want to loan. The bank says, now, we can't give 572 00:26:19,119 --> 00:26:21,119 Speaker 5: you this loan. Now, all of a sudden, we have 573 00:26:21,200 --> 00:26:23,879 Speaker 5: this false narrative that, oh, the bank want to give us. 574 00:26:24,000 --> 00:26:27,280 Speaker 5: The banker give us a school loans and not business loans. No, 575 00:26:27,320 --> 00:26:29,800 Speaker 5: the bank the bank wants to give you a business loan, 576 00:26:29,960 --> 00:26:31,679 Speaker 5: but they want to give the business loan to the 577 00:26:31,800 --> 00:26:34,080 Speaker 5: right type of business. So you have to you have 578 00:26:34,160 --> 00:26:36,119 Speaker 5: to set up your business the right way. And if 579 00:26:36,160 --> 00:26:37,880 Speaker 5: you set up your business the right way, you can 580 00:26:37,960 --> 00:26:41,520 Speaker 5: literally walk a brand new a brand new lse could 581 00:26:41,520 --> 00:26:44,720 Speaker 5: walk into a bank get between ten to fifty thousand 582 00:26:44,760 --> 00:26:48,080 Speaker 5: dollars in credit, and now you could use that money. 583 00:26:48,440 --> 00:26:51,120 Speaker 5: Storm just said eight thousand dollars. It took for him 584 00:26:51,119 --> 00:26:54,239 Speaker 5: to make six thousand, right, and so now you if 585 00:26:54,280 --> 00:26:56,360 Speaker 5: you do the math and you look at fifty thousand 586 00:26:56,359 --> 00:26:59,760 Speaker 5: dollars in credit and you add that up, you're so 587 00:26:59,840 --> 00:27:02,959 Speaker 5: much much closer to that freedom score. By leveraging your 588 00:27:03,080 --> 00:27:05,679 Speaker 5: job as your first business partner and the bank and 589 00:27:05,760 --> 00:27:06,960 Speaker 5: using other people's money. 590 00:27:07,080 --> 00:27:10,600 Speaker 7: The reason why people don't get started is they say, well, 591 00:27:10,680 --> 00:27:12,720 Speaker 7: I don't have the money to get stored, I don't 592 00:27:12,720 --> 00:27:15,320 Speaker 7: have the money to build my business. And on way 593 00:27:15,400 --> 00:27:18,159 Speaker 7: of Prosperity dot Com, what we're doing is credit the 594 00:27:18,160 --> 00:27:22,640 Speaker 7: Wealth Challenge because we talked to a lender not too 595 00:27:22,680 --> 00:27:27,320 Speaker 7: long ago and he said that there's literally millions of dollars, 596 00:27:27,359 --> 00:27:30,399 Speaker 7: like hundreds of millions of dollars that's sitting there that 597 00:27:30,480 --> 00:27:33,040 Speaker 7: they can't give away. That they want to give away 598 00:27:33,080 --> 00:27:36,480 Speaker 7: this money, but people don't know how to fill out applications. 599 00:27:37,000 --> 00:27:38,840 Speaker 7: People don't know how to fill out a simpler application, 600 00:27:38,960 --> 00:27:41,440 Speaker 7: and they said they don't fill it out the right 601 00:27:41,480 --> 00:27:43,440 Speaker 7: way or they don't feel it out at all because 602 00:27:43,480 --> 00:27:45,160 Speaker 7: they think they can't get the money. It's like, we're 603 00:27:45,200 --> 00:27:48,080 Speaker 7: literally trying to get this money away, like millions of dollars. 604 00:27:48,160 --> 00:27:50,480 Speaker 7: I just applied for two million dollars of funding for 605 00:27:50,560 --> 00:27:52,920 Speaker 7: my business the other day, and there are people, even 606 00:27:52,960 --> 00:27:55,560 Speaker 7: like you said, with new lellcs that can get this money. 607 00:27:55,720 --> 00:27:57,320 Speaker 7: So we got to show you how to get the money, 608 00:27:57,359 --> 00:27:59,639 Speaker 7: how to get at least two hundred thousand dollars in funding, 609 00:28:00,040 --> 00:28:01,600 Speaker 7: so that we can teach you how to actually do 610 00:28:01,680 --> 00:28:03,800 Speaker 7: the real estate, how we can teach you how to 611 00:28:03,840 --> 00:28:06,520 Speaker 7: do what asks ask, teaches how to become an author, 612 00:28:06,520 --> 00:28:08,760 Speaker 7: how to make fifteen different streats of income. But first 613 00:28:08,800 --> 00:28:11,280 Speaker 7: you got to get the money first. And that's what 614 00:28:11,400 --> 00:28:14,440 Speaker 7: we're starting with the foundation at wayoprosperity dot com. 615 00:28:14,600 --> 00:28:15,600 Speaker 4: And the great thing. 616 00:28:15,480 --> 00:28:18,600 Speaker 5: About this challenge because I know, you know, we're giving 617 00:28:18,640 --> 00:28:20,440 Speaker 5: a lot of information here, right, and I know people 618 00:28:20,480 --> 00:28:21,520 Speaker 5: are like, oh my god. 619 00:28:21,640 --> 00:28:23,400 Speaker 3: Like it's a lot, It's a lot. 620 00:28:23,640 --> 00:28:26,720 Speaker 5: That's why you know, we do you know, these five 621 00:28:26,800 --> 00:28:30,720 Speaker 5: day master classes where you know, if you do Platinum 622 00:28:30,800 --> 00:28:34,600 Speaker 5: or VIP, you could literally sit with us and ask 623 00:28:34,640 --> 00:28:37,520 Speaker 5: your specific question and we could tell you specifically how 624 00:28:37,520 --> 00:28:40,920 Speaker 5: to do things and then right you So so technically 625 00:28:41,160 --> 00:28:44,560 Speaker 5: that's ten hours that you can really sit and we'll 626 00:28:44,600 --> 00:28:47,200 Speaker 5: give you the whole game, nothing but the game, to 627 00:28:47,240 --> 00:28:49,720 Speaker 5: help you grind, you know, get to that space where 628 00:28:49,760 --> 00:28:53,320 Speaker 5: you could like start really making managing multiply money, access 629 00:28:53,360 --> 00:28:56,280 Speaker 5: to millions of dollars that banks have and just sitting 630 00:28:56,280 --> 00:28:58,600 Speaker 5: there right Because think about this for a second. It's 631 00:28:58,680 --> 00:29:01,600 Speaker 5: by design, so people don't understand the reason why. So 632 00:29:01,720 --> 00:29:05,200 Speaker 5: during COVID, the bank was printing money out right, I 633 00:29:05,200 --> 00:29:08,120 Speaker 5: mean the government was printing money, so the money supply 634 00:29:08,400 --> 00:29:11,440 Speaker 5: was way up pun intended right, the money the money 635 00:29:11,440 --> 00:29:14,680 Speaker 5: supply was so up, and everybody had access to money. 636 00:29:14,760 --> 00:29:17,440 Speaker 5: So now inflation went up because people are buying stuff. 637 00:29:17,600 --> 00:29:20,120 Speaker 5: So the government said, whoa hold on, We like it's 638 00:29:20,120 --> 00:29:20,840 Speaker 5: getting out of hand. 639 00:29:20,880 --> 00:29:22,000 Speaker 4: So what are we gonna do. 640 00:29:22,200 --> 00:29:25,560 Speaker 5: We're gonna raise interest rates to a place where we 641 00:29:25,640 --> 00:29:29,120 Speaker 5: scare people from borrowing. Right, So now the money supply 642 00:29:29,520 --> 00:29:32,840 Speaker 5: now now starts to strike. Nobody's really spending as much, right, 643 00:29:33,080 --> 00:29:35,160 Speaker 5: so what does that mean? The banks are like, like 644 00:29:35,200 --> 00:29:38,000 Speaker 5: Barbara said, the banks are sitting with this money, and 645 00:29:38,000 --> 00:29:40,760 Speaker 5: they're like, we gotta get this, get this money out. 646 00:29:41,080 --> 00:29:44,840 Speaker 5: And so it's the people who are courageous enough who 647 00:29:44,960 --> 00:29:47,400 Speaker 5: understand the game, who say, you know what year the 648 00:29:47,480 --> 00:29:49,840 Speaker 5: interest rates are up, but the banks are looking to 649 00:29:49,840 --> 00:29:52,560 Speaker 5: give us this money. Let me not focus on interest rate. 650 00:29:52,840 --> 00:29:57,120 Speaker 5: Let me focus on getting income producing assets, right, insurance, 651 00:29:57,440 --> 00:30:00,600 Speaker 5: real estate, you know, you know, you know, book get 652 00:30:00,680 --> 00:30:03,080 Speaker 5: let me get these income producing assets that's gonna pay 653 00:30:03,120 --> 00:30:05,360 Speaker 5: for this and then and then now you're in this 654 00:30:05,480 --> 00:30:08,640 Speaker 5: race and now you're building wealth past this environment. So 655 00:30:09,080 --> 00:30:11,360 Speaker 5: you know, definitely sign up for the for the five day. 656 00:30:11,200 --> 00:30:13,920 Speaker 7: Matters and also don't forget to mention this is all virtual, yes, 657 00:30:13,960 --> 00:30:16,160 Speaker 7: so you don't have to go anywhere. Last time we 658 00:30:16,200 --> 00:30:19,080 Speaker 7: need this challenge, we had t D Jake's who. 659 00:30:19,040 --> 00:30:22,800 Speaker 3: Is gonna say, lots of special guests, Magic Johnson. 660 00:30:24,800 --> 00:30:28,280 Speaker 7: Shock stopped by and and of course you got Marvin Mitchell, 661 00:30:28,320 --> 00:30:29,800 Speaker 7: Ashcash is Storm Lee Roy. 662 00:30:29,720 --> 00:30:34,080 Speaker 3: And with this time Team Wealth West, it's. 663 00:30:33,960 --> 00:30:34,800 Speaker 4: About to be crazy. 664 00:30:34,840 --> 00:30:37,760 Speaker 7: You're about to learn some some different plays with with 665 00:30:37,760 --> 00:30:39,600 Speaker 7: with the credit on how you can build up your 666 00:30:39,600 --> 00:30:41,880 Speaker 7: credit to we're gonna talk about that too on it, 667 00:30:42,080 --> 00:30:44,560 Speaker 7: on it, It's gonna be crazy. So the way it's 668 00:30:44,560 --> 00:30:46,960 Speaker 7: gonna work is on the if you do when you 669 00:30:47,000 --> 00:30:49,440 Speaker 7: do v I P, so v I P will actually 670 00:30:49,480 --> 00:30:52,000 Speaker 7: give you the ability to be in the room with 671 00:30:52,160 --> 00:30:56,120 Speaker 7: us and basically it's a zoom room and we're gonna 672 00:30:56,160 --> 00:30:57,560 Speaker 7: lay it down for you're gonna be able to have 673 00:30:57,600 --> 00:31:00,520 Speaker 7: personal questions. Uh, when you do platine, So there's going 674 00:31:00,600 --> 00:31:02,800 Speaker 7: to be platinum, there's going to be VIP or if 675 00:31:02,800 --> 00:31:04,160 Speaker 7: you just want to watch it and you want to 676 00:31:04,160 --> 00:31:07,200 Speaker 7: be a spectator, you could just be general and it's 677 00:31:07,320 --> 00:31:10,200 Speaker 7: super super inexpensive. It's like ninety seven dollars. You could 678 00:31:10,240 --> 00:31:12,760 Speaker 7: do general. We want you to do VIP or platinum, 679 00:31:12,760 --> 00:31:14,360 Speaker 7: but you can do general and you'll be able to 680 00:31:14,360 --> 00:31:15,680 Speaker 7: see everything that's going on. 681 00:31:16,000 --> 00:31:16,920 Speaker 4: We are giving you the place. 682 00:31:17,000 --> 00:31:20,320 Speaker 7: We're not holding anything back, right right, we're holding nothing back. 683 00:31:20,480 --> 00:31:22,440 Speaker 2: We won't either, And that's why I like the whole 684 00:31:22,440 --> 00:31:24,880 Speaker 2: idea of partnership. And you know, back to what Storm 685 00:31:24,960 --> 00:31:27,200 Speaker 2: was saying earlier, it is important when you do partner 686 00:31:27,200 --> 00:31:29,320 Speaker 2: with people, not feeling like you have to do it alone. 687 00:31:29,320 --> 00:31:31,160 Speaker 2: But I think it's also really important that people have 688 00:31:31,200 --> 00:31:33,720 Speaker 2: different skills that they bring to the table when you 689 00:31:33,800 --> 00:31:35,000 Speaker 2: do different partnerships. 690 00:31:36,040 --> 00:31:37,640 Speaker 1: Yeah, so we can't all do the same thing. 691 00:31:37,760 --> 00:31:40,600 Speaker 2: So just seeing what I do, what Stacey does, and 692 00:31:40,640 --> 00:31:43,480 Speaker 2: then where you guys, do you know the different skills 693 00:31:43,520 --> 00:31:45,520 Speaker 2: and abilities that you bring to the table for people. 694 00:31:46,240 --> 00:31:48,680 Speaker 2: I think that's really important for people to understand too. 695 00:31:48,720 --> 00:31:51,720 Speaker 2: We can't all do marketing. We can't all you know, you. 696 00:31:51,720 --> 00:31:52,560 Speaker 9: Tend to do that a lot. 697 00:31:52,600 --> 00:31:54,320 Speaker 8: We tend to attract and want to work with people 698 00:31:54,320 --> 00:31:56,360 Speaker 8: who are like us. Yeah, you need to partner with 699 00:31:56,360 --> 00:31:58,080 Speaker 8: people who exactly other than. 700 00:31:57,960 --> 00:32:00,320 Speaker 3: You because they can feel what you don't happen and what. 701 00:32:00,360 --> 00:32:02,120 Speaker 8: You don't have to help the business grow, you know. 702 00:32:02,200 --> 00:32:04,520 Speaker 8: That's that's the vice president. They do the things you 703 00:32:04,560 --> 00:32:05,080 Speaker 8: don't want to do. 704 00:32:06,120 --> 00:32:08,120 Speaker 10: No, I'm not, I'm not, I'm not, I just want to. 705 00:32:08,320 --> 00:32:10,320 Speaker 10: It just popped in my brain when I said that. 706 00:32:10,920 --> 00:32:14,880 Speaker 10: You know what I mean, that's what it is. Good, 707 00:32:15,200 --> 00:32:17,360 Speaker 10: But that just popped with my brain. 708 00:32:17,720 --> 00:32:19,800 Speaker 8: Well, you know, staying in line with this challenge because 709 00:32:19,800 --> 00:32:21,480 Speaker 8: this is one of the most important things. We also 710 00:32:21,560 --> 00:32:23,840 Speaker 8: want to tell you guys about building a legacy within 711 00:32:23,920 --> 00:32:26,240 Speaker 8: the things we teaching. You know, we've all been teaching 712 00:32:26,280 --> 00:32:28,560 Speaker 8: how to get handle the stop. We've all been teaching 713 00:32:28,920 --> 00:32:32,320 Speaker 8: how to get how to make right. We've been we've 714 00:32:32,320 --> 00:32:44,520 Speaker 8: been observing. 715 00:32:40,200 --> 00:32:42,440 Speaker 9: For you how to make, how to make. 716 00:32:42,320 --> 00:32:44,440 Speaker 6: You want to learn how to be the vice. Observation 717 00:32:44,680 --> 00:32:48,120 Speaker 6: is over. It's time for execution. Observation was yesterday, Execution 718 00:32:48,240 --> 00:32:50,080 Speaker 6: is today. That's what we need to do, get into 719 00:32:50,120 --> 00:32:52,760 Speaker 6: and to build your legacy once we start thinking, uh, 720 00:32:52,800 --> 00:32:55,120 Speaker 6: stop being selfish and stuff. Oh everybody wants to go 721 00:32:55,240 --> 00:32:57,400 Speaker 6: generational wealth until you actually get money and looking at 722 00:32:57,440 --> 00:32:58,720 Speaker 6: you going what can I get? 723 00:32:58,760 --> 00:33:01,280 Speaker 8: What can I do? But there comes a number where 724 00:33:01,320 --> 00:33:03,800 Speaker 8: you made enough for yourself. How are you going to leave 725 00:33:03,800 --> 00:33:04,480 Speaker 8: it to your legacy. 726 00:33:04,560 --> 00:33:06,000 Speaker 1: And you don't wutch your money just sitting in a 727 00:33:06,040 --> 00:33:06,520 Speaker 1: bank either. 728 00:33:06,640 --> 00:33:08,240 Speaker 2: Like you said, the money's got to work, and I 729 00:33:08,280 --> 00:33:11,000 Speaker 2: think we've seen that right now things that we thought 730 00:33:11,000 --> 00:33:14,080 Speaker 2: would never happen with banks collapsing and people talking about 731 00:33:14,440 --> 00:33:16,440 Speaker 2: not being able to access the money that they have 732 00:33:16,560 --> 00:33:19,000 Speaker 2: in the bank and having limits and who knows what's 733 00:33:19,040 --> 00:33:19,560 Speaker 2: going to happen. 734 00:33:19,600 --> 00:33:23,200 Speaker 7: Savers are losing in this current economist. Like there's a 735 00:33:23,240 --> 00:33:25,400 Speaker 7: debtor or a saver or wealth creator. The debtor they're 736 00:33:25,480 --> 00:33:27,560 Speaker 7: used to just being paycheck to paycheck, being a debt, 737 00:33:27,560 --> 00:33:31,080 Speaker 7: but the saver was winning yesterday. Now the saver is 738 00:33:31,120 --> 00:33:33,240 Speaker 7: in a position where when they're spending that money, they're 739 00:33:33,280 --> 00:33:35,120 Speaker 7: not getting it back and they're not even getting enough 740 00:33:35,120 --> 00:33:37,000 Speaker 7: money off the entries from the bank to actually make 741 00:33:37,040 --> 00:33:38,720 Speaker 7: a living off of it. So you got to be 742 00:33:38,760 --> 00:33:41,080 Speaker 7: a wealth creator. You gotta make your money work for 743 00:33:41,120 --> 00:33:42,200 Speaker 7: you two to three times. 744 00:33:42,120 --> 00:33:45,160 Speaker 3: Lifetime quickly, very quickly read it out. Time to quickly 745 00:33:45,160 --> 00:33:48,160 Speaker 3: take us to church on making our dollar work five times. 746 00:33:48,240 --> 00:33:49,960 Speaker 7: Okay, I'll give you the place we talked about, the 747 00:33:50,000 --> 00:33:52,080 Speaker 7: life insurance. How you can actually put the money to 748 00:33:52,120 --> 00:33:54,760 Speaker 7: the life insurance grow it tax free and tax deferred. 749 00:33:55,080 --> 00:33:57,000 Speaker 7: The great thing about that is that when you borrow 750 00:33:57,040 --> 00:33:59,360 Speaker 7: money from their policy, you don't have to pay it back. 751 00:34:00,040 --> 00:34:01,440 Speaker 7: I want you to pay it back, but you don't 752 00:34:01,480 --> 00:34:03,760 Speaker 7: have to because if you don't, it's subtracted from your 753 00:34:03,760 --> 00:34:06,280 Speaker 7: death benefit, which means if I have one hundred thousand 754 00:34:06,280 --> 00:34:08,800 Speaker 7: dollars cash value, there's money and cash in the policy. 755 00:34:09,200 --> 00:34:11,280 Speaker 7: I probably got like a five hundred thousand dollars death benefit. 756 00:34:11,280 --> 00:34:12,799 Speaker 7: So if I don't pay it back, it's subtracted from 757 00:34:12,840 --> 00:34:15,759 Speaker 7: that plus interest when I die. So knowing that that 758 00:34:15,840 --> 00:34:18,759 Speaker 7: money will continue to grow. So if I know that, 759 00:34:18,880 --> 00:34:20,840 Speaker 7: I better borrow against it or else I'm If I 760 00:34:20,840 --> 00:34:23,080 Speaker 7: don't use it, I lose it. Right so I can borrow. 761 00:34:23,120 --> 00:34:24,640 Speaker 7: Let's how I have one hundred thousand, I can borrow 762 00:34:24,640 --> 00:34:27,760 Speaker 7: thirty thousand dollars. I can buy a real estate property 763 00:34:27,920 --> 00:34:30,640 Speaker 7: that Storm teaches. Right now, I'm making money off the 764 00:34:30,680 --> 00:34:34,200 Speaker 7: life insurance tax free. They're not taxing me on it taxifferd. 765 00:34:34,280 --> 00:34:36,040 Speaker 7: They can't suit me on it. It's credit to proof. 766 00:34:36,239 --> 00:34:37,960 Speaker 7: I don't have to get a credit score for it. 767 00:34:38,000 --> 00:34:39,320 Speaker 7: They're not reporting me if I don't. 768 00:34:39,200 --> 00:34:39,640 Speaker 4: Pay it back. 769 00:34:40,280 --> 00:34:43,000 Speaker 7: Now when I'm making that yeah, it's crazy. Now I'm 770 00:34:43,000 --> 00:34:45,399 Speaker 7: making money on the real estate. Right, there's two times 771 00:34:45,440 --> 00:34:47,680 Speaker 7: off the same dollar. But the biggest play what I 772 00:34:47,760 --> 00:34:49,920 Speaker 7: learned a few years ago is that if you have 773 00:34:50,040 --> 00:34:52,839 Speaker 7: credit and we're teaching you this on the challenge, you 774 00:34:52,840 --> 00:34:55,960 Speaker 7: can actually buy the property with the credit. We teach 775 00:34:56,000 --> 00:34:57,919 Speaker 7: you how to turn the credit to cash. You get 776 00:34:57,960 --> 00:35:00,880 Speaker 7: points from the credit card. Then you pay off the 777 00:35:00,920 --> 00:35:03,520 Speaker 7: credit card with the insurance policy. So you're making money 778 00:35:03,520 --> 00:35:05,680 Speaker 7: off the insurance policy. You got all of your points 779 00:35:05,680 --> 00:35:08,080 Speaker 7: from the credit card, and you got money from the 780 00:35:08,080 --> 00:35:11,160 Speaker 7: real estate property. Once you build up that real estate property, 781 00:35:11,400 --> 00:35:13,279 Speaker 7: you do a home equity line of credit. You get 782 00:35:13,280 --> 00:35:15,640 Speaker 7: the equity from that, you buy another property. Now you're 783 00:35:15,680 --> 00:35:18,040 Speaker 7: making money four times off the same dollar. And when 784 00:35:18,040 --> 00:35:20,719 Speaker 7: you learn about trust and when you learn how to 785 00:35:20,760 --> 00:35:23,799 Speaker 7: structure your trust and irrevocable life insurance trust, now you 786 00:35:23,840 --> 00:35:26,280 Speaker 7: get to deduct all of that money from your taxes. 787 00:35:26,680 --> 00:35:30,040 Speaker 7: Now you get tax savings one time. You get the 788 00:35:30,080 --> 00:35:33,840 Speaker 7: credit cards, two times, you get the insurance policy three times. 789 00:35:33,880 --> 00:35:36,640 Speaker 7: Now you got two properties. That's five times off the 790 00:35:36,680 --> 00:35:38,840 Speaker 7: same dollar. And we're teaching you all of this and 791 00:35:38,880 --> 00:35:40,680 Speaker 7: the challenge. All you have to do is go to 792 00:35:40,719 --> 00:35:44,799 Speaker 7: weigh up Prosperity dot Com and get your ticket. 793 00:35:45,480 --> 00:35:47,320 Speaker 1: I say this is first time hearing it. 794 00:35:49,160 --> 00:35:52,600 Speaker 7: Times. If you don't have nobody in your corner, just 795 00:35:52,680 --> 00:35:54,760 Speaker 7: turn for you no matter what you need some new friends. 796 00:35:56,239 --> 00:35:57,319 Speaker 1: Thank you guys so much. 797 00:35:57,360 --> 00:35:59,920 Speaker 2: It's it's a pleasure way at prosperity dot Com makes 798 00:36:00,040 --> 00:36:03,360 Speaker 2: tell you guys sign up. I'm also always still a student, 799 00:36:03,440 --> 00:36:04,359 Speaker 2: so I appreciate it. 800 00:36:04,640 --> 00:36:06,000 Speaker 1: I have Prosperity dot Com. 801 00:36:06,000 --> 00:36:08,520 Speaker 3: I am Prosperity dot Com June fifth through ninth. But 802 00:36:08,640 --> 00:36:11,720 Speaker 3: sign up right now. You can change your financial life 803 00:36:11,960 --> 00:36:12,560 Speaker 3: right now. 804 00:36:14,920 --> 00:36:15,160 Speaker 1: Well