Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 3: I'll do this before. I want to do this later,
Speaker 3: but I'll did this before. Everybody's in here earlier. Get
Speaker 3: a little treat. So when I was on we was
Speaker 3: on a breakfast club and I had mentioned a rough
Speaker 3: IRA play for your kid, and I said, if you
Speaker 3: put six thousand dollars into ETF hypothetically speaking into the
Speaker 3: QQQ situation, and then by the time that they retired,
Speaker 3: they'll have one point one million dollars. A lot of
Speaker 3: people don't fully understand that, So let me break this down.
Speaker 3: Let me break this down into into great detail. So
Speaker 3: what I meant by that was this. The reason why
Speaker 3: I did the row of is because obviously know the
Speaker 3: ROWF is tax free. Well maybe not obviously, but if
Speaker 3: you don't know that, a rough IRA, when you take
Speaker 3: the money out and retirement is tax free. You don't
Speaker 3: pay any income tax on it. So obviously if you're
Speaker 3: if you're younger, you want to have the more tax
Speaker 3: advantage playing as opposed to the traditional IRA that's actually taxed.
Speaker 3: So you can actually open a row or a child
Speaker 3: can open a wrough IRA. They have to be of
Speaker 3: legal working age. That's why I said age fourteen because
Speaker 3: for most states you can get you working permit, you
Speaker 3: can start working at age fourteen. The reason why I
Speaker 3: say six thousand is that the most that you can
Speaker 3: put in into an IRA is six thousand dollars and
Speaker 3: you can do up to the amount of money that's
Speaker 3: earned for the year. So what I'm saying is that,
Speaker 3: let's say, hypothetically speaking, the child had a part time job, right,
Speaker 3: you work at CVS or a camp counselor, and then
Speaker 3: you got another part time job throughout the course of
Speaker 3: the year, a couple of hours a week. You're got
Speaker 3: an average for the twelve months about six thousand dollars.
Speaker 3: So the six thousand dollars was not a number that
Speaker 3: you definitely have to do. It's just to give you
Speaker 3: an example on it. So if you contributed six thousand
Speaker 3: dollars into the rough IRA for your child at the
Speaker 3: age of fourteen, once they are able to start working. Now,
Speaker 3: the reason why I say QQQ is that QQQ has
Speaker 3: averaged twenty percent for the last ten years.
Speaker 2: Right, So when you.
Speaker 3: Say average twenty percent for the last ten years, that's
Speaker 3: not like guaranteed that it's going to get twenty percent
Speaker 3: every single year.
Speaker 2: Deans is that so in an average, like you know
Speaker 2: we all went to math class.
Speaker 3: If something is forty percent one year, ten percent one year,
Speaker 3: fifteen percent one.
Speaker 2: Year, we take the average. We take the average of
Speaker 2: those numbers.
Speaker 3: So it's not guaranteed that's going to do twelve percent
Speaker 3: for the course of the next sixty years, but I
Speaker 3: mean it has strong track record. So that's why I said, Okay,
Speaker 3: it's done twenty percent for the last ten years, it's
Speaker 3: not unreasonable to think it's going to do twelve percent
Speaker 3: a year average. So when you average, if you put
Speaker 3: six thousand dollars in and just did it for one year,
Speaker 3: if you average that twelve percent over the course of
Speaker 3: time until they actually reached sixty the eight. The reason
Speaker 3: why I use the age sixty is that is the
Speaker 3: retirement age for the irs, right, fifty nine and a half.
Speaker 3: So the whole point of it was to say, you know,
Speaker 3: if you set your child up, hypothetically speaking, they'll have
Speaker 3: over a million dollars in retirement.
Speaker 2: So that's what I was saying.
Speaker 3: As far as a lot of time, people take jobs
Speaker 3: and you know, they sacrifice their dreams and all of
Speaker 3: that just to get a retirement plan a four to
Speaker 3: one K or pension you had all the time, the
Speaker 3: job has good benefits. So I was using that as
Speaker 3: a hypothetical example to show you, like, this is a
Speaker 3: play that you can run for your child. Now Obviously
Speaker 3: there's different strategies. You can put it less money in,
Speaker 3: you can do it over the court of time, you
Speaker 3: can do yearly. It doesn't have to be done all
Speaker 3: at once, just in one year. But that was a
Speaker 3: that was an example, you know, just to kind of
Speaker 3: show you if you really think about it, like, damn,
Speaker 3: six thousand dollars can actually guarantee almost guarantee a million dollars.
Speaker 4: I've show people was listening like, isn't know what he's
Speaker 4: talking about?
Speaker 2: Yes, yes, yes, dude. You always gott to clarify stuff.
Speaker 3: There's always not even it's not even that people are
Speaker 3: critics or anything like that.
Speaker 2: It's just that people aren't fully educated. So that's what
Speaker 2: makes them critical because the lack of education.
Speaker 3: Yeah so, but our job is to make sure that
Speaker 3: everybody understands the information, because you know, a teacher is
Speaker 3: only good as the students that actually retain the information.
Speaker 3: So if we're not if we're not relaying the information
Speaker 3: to where the point where everybody can understand it, then
Speaker 3: it just has to be explained a little bit further.
Speaker 3: So I'm glad that we actually got a chance to
Speaker 3: pull it.
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Speaker 3: Coach.
Speaker 5: The energy out there felt different. What changed for the
Speaker 5: team today?
Speaker 6: It was a new game day scratches from the California
Speaker 6: Lottery players everything. Those games sent the team's energy through
Speaker 6: the roof.
Speaker 5: Are you saying it was the off field play that
Speaker 5: made the difference on the field.
Speaker 6: Hey, little play makes your day, and today it made
Speaker 6: the game. That's all for now, Couch one more question.
Speaker 7: Play than New Los Angeles Chargers, San Francisco forty nine
Speaker 7: Ers and Los Angeles Rams scratchers from the California Lottery.
Speaker 7: A little play can make your day. Peace, Paly responsiblit
Speaker 7: must be eighteen years or older to purchase plate or claim.
Speaker 3: We explained that because I know that that was something
Speaker 3: that a lot of people may have had questions about.
Speaker 3: And the last thing before we bring in on a
Speaker 3: lot of people will say like, well, how can I
Speaker 3: open up a rough ira.
Speaker 2: It's pretty easy.
Speaker 3: You can do it all brokerage accounts, you know, Fidelity TV,
Speaker 3: anything like that. You can open up a Royal piray
Speaker 3: for your child. We actually talked about it in the
Speaker 3: trapper with Eyl of course as well, when you went
Speaker 3: to detail, here's.
Speaker 8: The fundamentals that matter. Stop buying at the top of
Speaker 8: the market. When Tessa got to eight seventy five, everything
Speaker 8: fell apart and you were like, why the market hit
Speaker 8: the top of nine hundred. Some of this is common sense.
Speaker 8: If a house is worth two fifty, don't buy it
Speaker 8: at two forty five.
Speaker 9: It's not worth it.
Speaker 2: I don't care if it has ten grand.
Speaker 8: Is not worth it to do the market is only
Speaker 8: down twenty four out of one hundred and ninety five years,
Speaker 8: and crashes last less than six months with to positative.
Speaker 2: Easy even less than March and show with.
Speaker 8: That, stop call members my byce Toe you stop looking
Speaker 8: for ninety eight positions to be For those of you
Speaker 8: who got into five to nine last March, you're up
Speaker 8: three hundred and sixty percent off office stock that most
Speaker 8: people never get heard of or though there is a
Speaker 8: lot of value for holding long term. Kudos to you
Speaker 8: if you got in on those outpha my dream team family,
Speaker 8: my advice see you.
Speaker 10: We have a tremendous opportunity here to be able to
Speaker 10: present and print the kind of returns that only maybe
Speaker 10: Kathy and Peter.
Speaker 8: Lynch were able to do. But we can do that
Speaker 8: inside of a quarter. Stick to the plane and do
Speaker 8: not DBA no matter what you hear. You can create.
Speaker 9: Riches in twenty four and fifty trains in the year
Speaker 9: will be go there.
Speaker 8: For our business owners, we want to start giving a
Speaker 8: couple of tips. The most important aspect of a brand
Speaker 8: is a single mindedness to a relentless focus on being
Speaker 8: the best in the world at one thing. If you
Speaker 8: have a business, your edge is going to be what
Speaker 8: are you the best in the world at. If you
Speaker 8: have a company that you run where it's large or small,
Speaker 8: please put in chat what that is and then tell
Speaker 8: me what does your company do so well?
Speaker 9: That no one else can duplicate it. If you don't
Speaker 9: have that edge, you need.
Speaker 8: To start building right and we'll be close and wrapping
Speaker 8: up four of the twenty eight pillars that you need
Speaker 8: for your own personal and economic mode, and about eight weeks,
Speaker 8: I want to break down the entire economic mode that
Speaker 8: you need personally.
Speaker 9: You need a business, you need stops, real estate, you
Speaker 9: need life insurance.
Speaker 2: Those are the four that you want to start with.
Speaker 8: And the freedom intrics that I was trying to get
Speaker 8: Seasier to reveal, but he wouldn't put you on.
Speaker 9: Ideally, we want to get to a place where we
Speaker 9: have ultimate freedom of ten thousand years and one thousand wars.
Speaker 8: The five Buggess mistakes from made from this year for
Speaker 8: me One not swinging traded enough.
Speaker 9: Two you guys know this already, did not give enough
Speaker 9: rest because that does affect people are trading. Three deviating
Speaker 9: from playing Number four taking in outside noise. I literally
Speaker 9: looked at my percentage rate. I perform twenty percent higher
Speaker 9: when I take in less meeting. So when I'm only
Speaker 9: looking at news one hour a day, I perform a
Speaker 9: hell of a lot better.
Speaker 8: And number five.
Speaker 2: Not including the vexed future into my trading part. Those
Speaker 2: are my five business mistakes because.
Speaker 10: Regardless of what the market does, if we slide up
Speaker 10: or down, if you add to vincing and swing trading,
Speaker 10: you'll be great. My question of the week for you
Speaker 10: is are you here to get rich or are you
Speaker 10: here to sound smart?
Speaker 2: I hear a lot of people talking, a lot of.
Speaker 4: People talking, and that's fine.
Speaker 8: I want us to be intellectually capable, to be able
Speaker 8: to have these conversations anywhere.
Speaker 9: But ultimate does it mean anything? If n four years
Speaker 9: you're not making any money? Does not? It is not
Speaker 9: It's gonna be off or nothing.
Speaker 6: My graduates from my school being forced bad drop bag drop,
Speaker 6: Mike drop bad drop drops.
Speaker 5: Coach, The energy out there felt different. What changed for
Speaker 5: the team today?
Speaker 6: It was the new game day scratches from the California
Speaker 6: Lottery player is everything? Those games sent the team's energy
Speaker 6: through the roof.
Speaker 5: Are you saying it was the off field play that
Speaker 5: made the difference on the field.
Speaker 6: Hey, little play makes your day, and today it made
Speaker 6: the game that's off of now, Coach.
Speaker 8: One more question?
Speaker 7: Played the new Los Angeles Chargers, San Francisco forty nine
Speaker 7: Ers and Los Angeles Ram scratchers from the California Lottery.
Speaker 7: A little play can make your day. Peace may responsibly.
Speaker 7: Must be eighteen years or older to purchase late or
Speaker 7: claim