1 00:00:00,360 --> 00:00:04,840 Speaker 1: Wait that ass up in the morning Breakfast Club. Yep, 2 00:00:04,880 --> 00:00:06,800 Speaker 1: it's the world No Data's Morning show to Breakfast Club. 3 00:00:06,880 --> 00:00:08,959 Speaker 1: Charlomagne and God and Angel Lee NB had to step 4 00:00:08,960 --> 00:00:10,960 Speaker 1: out for a second, but we got some people in 5 00:00:11,039 --> 00:00:15,400 Speaker 1: the building right now, Ashcast, Storm Leroy and Marvin Mitchell. 6 00:00:15,400 --> 00:00:19,120 Speaker 1: What's happening to my brothers, Spacepace, Blessed Black and Holly 7 00:00:19,120 --> 00:00:22,360 Speaker 1: favor me, sir. Now, we always talk about the importance 8 00:00:22,360 --> 00:00:25,560 Speaker 1: of financial wellness here on the Breakfast Club, So let's 9 00:00:25,560 --> 00:00:27,800 Speaker 1: go through each of your resume so we know what 10 00:00:28,200 --> 00:00:29,720 Speaker 1: each of you do and we can talk about this 11 00:00:29,760 --> 00:00:33,559 Speaker 1: whole path to prosperity. Yeah. So I amatch cash financial 12 00:00:33,600 --> 00:00:38,320 Speaker 1: motivator uh, former bank of fifteen years, written twelve books 13 00:00:38,360 --> 00:00:41,880 Speaker 1: for best sellers over one hundred thousand copy Soul and 14 00:00:41,920 --> 00:00:44,560 Speaker 1: I just change, you know, help people change their mindset 15 00:00:45,120 --> 00:00:47,479 Speaker 1: in order to to you know, make more money, manage 16 00:00:47,520 --> 00:00:50,960 Speaker 1: more money, multiply money, um and just understand that regardless 17 00:00:50,960 --> 00:00:54,320 Speaker 1: of where you come from, what your your your circumstances, 18 00:00:54,400 --> 00:00:56,319 Speaker 1: you could you could you know, be have and do 19 00:00:56,640 --> 00:00:58,400 Speaker 1: anything you want in life. And one of the in 20 00:00:58,440 --> 00:01:00,560 Speaker 1: the top one percent of the bankers in the United 21 00:01:00,600 --> 00:01:02,840 Speaker 1: States absolutely absolutely. So. You know, I was a banker 22 00:01:02,880 --> 00:01:06,200 Speaker 1: for fifteen black man, absolutely CEO of a credit union, 23 00:01:06,240 --> 00:01:10,920 Speaker 1: and I was one of the top bankers in the country. Absolutely, 24 00:01:10,920 --> 00:01:13,200 Speaker 1: I'm Marvin Mitchell. Or what I really do is help 25 00:01:13,240 --> 00:01:17,400 Speaker 1: people to multiply our money by leveraging. And also I'm 26 00:01:17,400 --> 00:01:19,760 Speaker 1: a Hall of Fame financial advisor myself and a Hall 27 00:01:19,800 --> 00:01:23,000 Speaker 1: of Fame advisor for an advisor for fifteen years now. 28 00:01:23,319 --> 00:01:25,200 Speaker 1: And what I really do is I teach people how 29 00:01:25,240 --> 00:01:28,120 Speaker 1: to really just not only minimize their taxes, but how 30 00:01:28,160 --> 00:01:30,679 Speaker 1: to take a dollar and make money five times off 31 00:01:30,680 --> 00:01:35,200 Speaker 1: the same dollar. Oh, I've been working on that. Oh yeah, absolutely. 32 00:01:35,200 --> 00:01:37,399 Speaker 1: Just recycling your money is what it's all about. Right. 33 00:01:37,800 --> 00:01:40,080 Speaker 1: People always say that's a myth. They always say, like 34 00:01:40,160 --> 00:01:44,960 Speaker 1: that the study that they say a black dollar only 35 00:01:45,000 --> 00:01:47,000 Speaker 1: stays in the black community for a certain amount of 36 00:01:47,200 --> 00:01:49,840 Speaker 1: time six hours exactly what they say. But people say 37 00:01:49,880 --> 00:01:52,200 Speaker 1: that's a myth, that's never been a real study done. 38 00:01:52,200 --> 00:01:54,040 Speaker 1: Is that true? Yeah? Yeah, I think. I think what 39 00:01:54,120 --> 00:01:56,520 Speaker 1: happens is that, you know, we we like to attach 40 00:01:56,520 --> 00:01:59,200 Speaker 1: ourselves to things that are sensational. Um So I don't 41 00:01:59,240 --> 00:02:01,480 Speaker 1: think that, you know, I think in certain communities, yes, 42 00:02:01,600 --> 00:02:04,040 Speaker 1: right where the money comes in and it's being spent 43 00:02:04,120 --> 00:02:06,960 Speaker 1: before it even goes out. But the truth of the 44 00:02:07,040 --> 00:02:09,320 Speaker 1: matter is that there are a lot of us that 45 00:02:09,360 --> 00:02:11,680 Speaker 1: are doing a lot of great things with money. We're learning, 46 00:02:11,720 --> 00:02:14,200 Speaker 1: you know, I mean, we're in the information stage where 47 00:02:14,200 --> 00:02:18,400 Speaker 1: we're actually learning a lot about financial education, about building wealth, 48 00:02:18,440 --> 00:02:20,560 Speaker 1: and you know, learning how to you know, you know, 49 00:02:20,639 --> 00:02:23,560 Speaker 1: make money and keep money in our generation. So I 50 00:02:23,560 --> 00:02:26,560 Speaker 1: don't think that's a real study telling about yourself. Storm Leroy, 51 00:02:26,639 --> 00:02:33,680 Speaker 1: you got that superhero name, Yes, a superhero name, Storm Leroy, 52 00:02:33,760 --> 00:02:36,120 Speaker 1: better known as the employed millionaire. And what I do 53 00:02:36,240 --> 00:02:38,160 Speaker 1: is I show people how to take your nine to five, 54 00:02:38,360 --> 00:02:41,760 Speaker 1: your salary and become a millionaire, which I've done myself. 55 00:02:42,600 --> 00:02:45,680 Speaker 1: My knowledge and understanding that I give is your job 56 00:02:45,760 --> 00:02:48,440 Speaker 1: is your first business partner. Once I understood that I 57 00:02:48,480 --> 00:02:50,400 Speaker 1: was able to take that salary, I started off working 58 00:02:50,400 --> 00:02:53,720 Speaker 1: for Verizon, took that salary, became a millionaire by investing 59 00:02:53,800 --> 00:02:56,280 Speaker 1: that money into out of state real estate, something that 60 00:02:56,440 --> 00:02:59,360 Speaker 1: didn't have to touch see, manage a deal with, and 61 00:02:59,400 --> 00:03:02,320 Speaker 1: I understood the value of what that other market was 62 00:03:02,400 --> 00:03:05,960 Speaker 1: like by buying those properties in other states, putting that 63 00:03:06,080 --> 00:03:08,920 Speaker 1: process on repeat, having a team to take care of 64 00:03:08,960 --> 00:03:11,560 Speaker 1: that property. So I purchased over thirty four properties that 65 00:03:11,600 --> 00:03:14,120 Speaker 1: I've never actually seen while focusing in on my salary 66 00:03:14,520 --> 00:03:16,639 Speaker 1: and investing in those properties. So that's what I teach 67 00:03:16,720 --> 00:03:18,720 Speaker 1: people how to do. And I walked into my job 68 00:03:18,760 --> 00:03:21,120 Speaker 1: on Instagram Live one day, told them this is my 69 00:03:21,200 --> 00:03:25,760 Speaker 1: last day here, and I went and I had to 70 00:03:25,800 --> 00:03:32,480 Speaker 1: do it and did that too, to do, you know, 71 00:03:32,520 --> 00:03:34,160 Speaker 1: to let people know you can do it too. I've 72 00:03:34,160 --> 00:03:36,080 Speaker 1: seen I've seen some of the stuff before. Somebody showed 73 00:03:36,080 --> 00:03:37,480 Speaker 1: me a video. It might have been out of context, 74 00:03:37,520 --> 00:03:39,840 Speaker 1: but I remember it was like, you've seen a million dollars. 75 00:03:39,880 --> 00:03:43,040 Speaker 1: Isn't a lot of money? Yeah? Facts, Um, that's not facts. 76 00:03:43,080 --> 00:03:50,760 Speaker 1: Man's only two levels of that, love, the two levels 77 00:03:50,760 --> 00:03:53,840 Speaker 1: of that. Because after million dollars, this tax, right, So 78 00:03:53,960 --> 00:03:55,960 Speaker 1: let's say now you're down to six hundred and sixty 79 00:03:56,000 --> 00:03:58,960 Speaker 1: six thousand dollars, maybe even less, you know what I mean. 80 00:03:58,960 --> 00:04:00,760 Speaker 1: I didn't want to touch that pended on what state 81 00:04:00,800 --> 00:04:03,080 Speaker 1: you went. So now that million dollars is depleted. So 82 00:04:03,120 --> 00:04:04,920 Speaker 1: now let's say you go buy you a house, and 83 00:04:05,120 --> 00:04:07,040 Speaker 1: we know how much your house, cause resident you can't 84 00:04:07,040 --> 00:04:09,440 Speaker 1: buy a house. So now you brought you your primary residence. 85 00:04:09,440 --> 00:04:11,360 Speaker 1: So let's say four or five hundred thousand, so that 86 00:04:11,400 --> 00:04:13,840 Speaker 1: money's technically gone, and now you have a mortgage payment 87 00:04:13,960 --> 00:04:15,920 Speaker 1: that you're paying with your job in a million dollars. 88 00:04:16,200 --> 00:04:18,440 Speaker 1: But now, don't get me wrong, A million dollars can't 89 00:04:18,440 --> 00:04:20,560 Speaker 1: do a lot if you have a plan. And also 90 00:04:20,680 --> 00:04:23,000 Speaker 1: it's only a million dollars. When we say that, it's 91 00:04:23,000 --> 00:04:24,880 Speaker 1: because we don't want you to put a ceiling on 92 00:04:24,920 --> 00:04:27,960 Speaker 1: what you can do. Only a million dollars. Mean, if 93 00:04:27,960 --> 00:04:30,640 Speaker 1: it takes you a million dollars to get something done, 94 00:04:30,760 --> 00:04:32,799 Speaker 1: you should not say you would never reach a million dollars. 95 00:04:32,880 --> 00:04:36,200 Speaker 1: You should say, so only million dollars. Let me get 96 00:04:36,200 --> 00:04:39,080 Speaker 1: that million dollars and transform that into ten twenty million. 97 00:04:39,120 --> 00:04:41,880 Speaker 1: And then when your objective becomes I need twenty million 98 00:04:41,880 --> 00:04:44,240 Speaker 1: dollars to do something, guess what your mind is gonna say. 99 00:04:44,320 --> 00:04:50,560 Speaker 1: Commandela's gonna say, it's only you. I'm with you in 100 00:04:50,560 --> 00:04:52,920 Speaker 1: a country where two thirds of the people can't even 101 00:04:52,960 --> 00:04:56,240 Speaker 1: you know, afford day basic needs. Saying a million dollars 102 00:04:56,240 --> 00:04:59,760 Speaker 1: ain't no money is like, nigga, what a mindset thing? 103 00:05:00,160 --> 00:05:02,520 Speaker 1: Because if your mind has taught that a million dollars 104 00:05:02,680 --> 00:05:04,640 Speaker 1: is a lot of money, when you get a million dollars, 105 00:05:04,800 --> 00:05:07,440 Speaker 1: you're gonna stop trying. So the objective is to make 106 00:05:07,440 --> 00:05:10,000 Speaker 1: sure your mind is always going beyond. Like for me, 107 00:05:10,360 --> 00:05:12,560 Speaker 1: I give the example of how I took my first 108 00:05:12,560 --> 00:05:15,640 Speaker 1: property out of state, which was a forty thousand dollars 109 00:05:15,720 --> 00:05:19,480 Speaker 1: property with a eight thousand dollars down payment, making six 110 00:05:19,520 --> 00:05:22,120 Speaker 1: thousand dollars a year. I was making an eighty percent 111 00:05:22,200 --> 00:05:24,400 Speaker 1: return on my money. And I said, man, you mean 112 00:05:24,440 --> 00:05:27,039 Speaker 1: all I gotta do is keep doing this thing. If 113 00:05:27,040 --> 00:05:30,120 Speaker 1: it's making six thousand a year, I'm making sixty thousand 114 00:05:30,120 --> 00:05:32,200 Speaker 1: a year. I just need ten properties to walk away 115 00:05:32,200 --> 00:05:34,640 Speaker 1: from my job. Now, I bought a property in Brooklyn. 116 00:05:35,040 --> 00:05:37,400 Speaker 1: I bought that property for three hundred and fifty thousand 117 00:05:37,440 --> 00:05:40,400 Speaker 1: dollars over twenty years ago. That property is worth two 118 00:05:40,440 --> 00:05:43,240 Speaker 1: million dollars. Sounds like a lot, but guess what it 119 00:05:43,279 --> 00:05:45,719 Speaker 1: took over twenty years for it to be worth over 120 00:05:45,760 --> 00:05:49,200 Speaker 1: two million dollars. And I'm still only collecting enough rent 121 00:05:49,640 --> 00:05:52,279 Speaker 1: to pay for a mortgage that was one hundreds of 122 00:05:52,360 --> 00:05:55,359 Speaker 1: thousand dollars of mortgage. So when people hear the stories 123 00:05:55,400 --> 00:05:57,919 Speaker 1: about yeah, he owns a brownstone, she owns a Brownston 124 00:05:58,000 --> 00:06:00,800 Speaker 1: for four or five million. That person tho's not wealthy, 125 00:06:00,839 --> 00:06:02,919 Speaker 1: you know why, because they can't walk in a bank 126 00:06:03,160 --> 00:06:05,240 Speaker 1: to pull out a four million dollars line of credit 127 00:06:05,240 --> 00:06:08,839 Speaker 1: on that property because their salary doesn't dictate them being 128 00:06:08,880 --> 00:06:11,039 Speaker 1: able to pay it. So the money is in the walls, 129 00:06:11,640 --> 00:06:13,800 Speaker 1: you know. So that's the thing about owning a brown 130 00:06:13,880 --> 00:06:16,440 Speaker 1: stone that's worth millions of dollars and putting a cap 131 00:06:16,520 --> 00:06:18,920 Speaker 1: on your thoughts and limitations on what you can do. 132 00:06:19,240 --> 00:06:21,440 Speaker 1: It's only a million dollars. Let's go back to the beginning. 133 00:06:21,440 --> 00:06:22,960 Speaker 1: That's what I'm glad you're here because you gotta tell 134 00:06:22,960 --> 00:06:25,360 Speaker 1: people you know how to even get to that point. 135 00:06:25,080 --> 00:06:30,960 Speaker 1: I want to get to the point a million dollars, Marvin. 136 00:06:31,120 --> 00:06:32,919 Speaker 1: I do want to point out as a financial planner, 137 00:06:32,960 --> 00:06:34,560 Speaker 1: a lot of people feel like in order to get 138 00:06:34,560 --> 00:06:36,839 Speaker 1: a financial planner, you should be rich. Right. The only 139 00:06:36,960 --> 00:06:38,560 Speaker 1: reason that you need that is because you got a 140 00:06:38,560 --> 00:06:41,640 Speaker 1: lot of money. Let's say I only make forty thousand 141 00:06:41,680 --> 00:06:43,520 Speaker 1: dollars a year. Why do I need a financial planner? 142 00:06:43,560 --> 00:06:45,440 Speaker 1: Can you talk about that? Well? I will say that 143 00:06:45,480 --> 00:06:48,680 Speaker 1: the traditional financial system will lead you to believe that 144 00:06:48,760 --> 00:06:50,760 Speaker 1: you have to have a lot of money to get 145 00:06:50,800 --> 00:06:55,239 Speaker 1: something done. But in reality, most financial advisors are actually broke. 146 00:06:56,000 --> 00:06:58,240 Speaker 1: Most financial busores don't have money to themselves, and they 147 00:06:58,240 --> 00:07:00,559 Speaker 1: come from an educational system that don't really teach people 148 00:07:01,000 --> 00:07:03,320 Speaker 1: how to make a lot of money. So what I 149 00:07:03,760 --> 00:07:06,240 Speaker 1: teach people is that no matter where you're starting from, 150 00:07:06,680 --> 00:07:09,279 Speaker 1: like you know, you can, you can invest right. You 151 00:07:09,320 --> 00:07:11,760 Speaker 1: can look at different stocks and different different investments. But 152 00:07:11,840 --> 00:07:14,160 Speaker 1: what I also show people is that if you follow 153 00:07:14,200 --> 00:07:18,280 Speaker 1: the traditional system, in my opinion, where social Security will 154 00:07:18,600 --> 00:07:20,520 Speaker 1: be ran out by twenty thirty four according to the 155 00:07:20,560 --> 00:07:23,720 Speaker 1: General Mission Fund Administration Fund unless they make some changes, 156 00:07:23,960 --> 00:07:27,360 Speaker 1: pension is going away. That the traditional system of saving 157 00:07:27,560 --> 00:07:30,280 Speaker 1: will lead people to failing. Seventy six percent of people 158 00:07:30,480 --> 00:07:33,080 Speaker 1: statistically run out of money anyway, So if you keep 159 00:07:33,080 --> 00:07:34,760 Speaker 1: doing the same thing, it's going to get even worse. 160 00:07:34,800 --> 00:07:38,280 Speaker 1: So I have a whole new blueprint to show people, 161 00:07:38,360 --> 00:07:41,880 Speaker 1: starting from anywhere, how they can actually become financial successful 162 00:07:41,920 --> 00:07:43,680 Speaker 1: where it doesn't have to be an either or, which 163 00:07:43,680 --> 00:07:45,600 Speaker 1: means it doesn't have to be I'll leave poor now 164 00:07:45,840 --> 00:07:48,920 Speaker 1: so that I can live rich later. Right, it can 165 00:07:48,960 --> 00:07:50,640 Speaker 1: be that I can spend the money that I want 166 00:07:50,680 --> 00:07:53,000 Speaker 1: to spend now and enjoy my life now, and I 167 00:07:53,000 --> 00:07:55,320 Speaker 1: can enjoy my life later. And I do that through 168 00:07:55,320 --> 00:07:59,720 Speaker 1: a tool that wealthy individuals have been using for centuries, right, 169 00:08:00,000 --> 00:08:03,600 Speaker 1: and that's actually life insurance. So I make life insurance 170 00:08:03,840 --> 00:08:07,280 Speaker 1: become a wont and not just a need. Like when 171 00:08:07,320 --> 00:08:11,680 Speaker 1: you think about needing life insurance, you're thinking about like, 172 00:08:11,960 --> 00:08:13,760 Speaker 1: I need life insurance because I don't want to go 173 00:08:13,800 --> 00:08:15,720 Speaker 1: fund me or I don't want to fry chicken or 174 00:08:15,760 --> 00:08:18,360 Speaker 1: bury somebody. Well, when you think about it as a need, well, 175 00:08:18,400 --> 00:08:20,640 Speaker 1: now you're thinking about getting the least amount. But when 176 00:08:20,680 --> 00:08:22,240 Speaker 1: you think about it as a won't, now you want 177 00:08:22,240 --> 00:08:23,760 Speaker 1: to get the most amount. So why would you want 178 00:08:23,760 --> 00:08:26,160 Speaker 1: to make life insurance or want when you're building wealth? Well, 179 00:08:26,360 --> 00:08:28,920 Speaker 1: first thing I would say is there are ways that 180 00:08:28,960 --> 00:08:31,440 Speaker 1: you can structure a policy char the man where you 181 00:08:31,440 --> 00:08:34,640 Speaker 1: can actually go in and overfund that policy where most 182 00:08:34,679 --> 00:08:36,560 Speaker 1: of that money that you put in will go towards 183 00:08:36,559 --> 00:08:39,200 Speaker 1: your cash value. And I'm gonna tell you why that's important. 184 00:08:39,200 --> 00:08:42,160 Speaker 1: When you're starting off, instead of the death benefit, you 185 00:08:42,200 --> 00:08:43,880 Speaker 1: get a death benefit, but most of the money goes 186 00:08:43,880 --> 00:08:48,920 Speaker 1: towards the cash value. Seventy percent fees or automatically deleted, 187 00:08:49,440 --> 00:08:52,760 Speaker 1: which means that the advisor takes seventy percent less commission 188 00:08:52,800 --> 00:08:54,720 Speaker 1: and it goes starch to your cash value. Now what 189 00:08:54,840 --> 00:08:57,240 Speaker 1: you can do is you can actually build wealth and 190 00:08:57,320 --> 00:08:59,080 Speaker 1: when it starts there, guess what, You never have to 191 00:08:59,080 --> 00:09:01,839 Speaker 1: pay taxes on it again, it's tax deferred. You can 192 00:09:01,920 --> 00:09:03,840 Speaker 1: borrow from it and leverage it for things such as 193 00:09:03,840 --> 00:09:06,120 Speaker 1: real estate and different things like that where you where 194 00:09:06,120 --> 00:09:08,120 Speaker 1: you your money will never go down. You never stop 195 00:09:08,120 --> 00:09:10,160 Speaker 1: the for a momentum money. Now that you build up 196 00:09:10,200 --> 00:09:13,320 Speaker 1: that cash value, you can go out and borrow against it. 197 00:09:13,320 --> 00:09:15,440 Speaker 1: It continues to grow. You can go out and get 198 00:09:15,600 --> 00:09:18,120 Speaker 1: real estate like with Storm just talked about. Now you 199 00:09:18,240 --> 00:09:20,680 Speaker 1: got your money working for you two times off the 200 00:09:20,760 --> 00:09:22,960 Speaker 1: same time, and that's how you leverage your money and 201 00:09:23,000 --> 00:09:25,680 Speaker 1: make it grow faster. By having the same dollar work 202 00:09:25,760 --> 00:09:27,880 Speaker 1: for you twice, then you can make it work for 203 00:09:27,920 --> 00:09:33,360 Speaker 1: you three times. You can make it work that same 204 00:09:33,400 --> 00:09:36,080 Speaker 1: dollar work for you three times. It's what other coaches 205 00:09:36,120 --> 00:09:38,440 Speaker 1: have been doing right now by saying, okay, I could 206 00:09:38,480 --> 00:09:41,200 Speaker 1: turn my credit into cash, and instead of me using 207 00:09:41,240 --> 00:09:42,959 Speaker 1: my credit for debt, why don't I turn it into 208 00:09:43,000 --> 00:09:45,080 Speaker 1: cash and go out and buy an asset such as 209 00:09:45,120 --> 00:09:47,920 Speaker 1: the real estate. Now I have a life insurance policy 210 00:09:48,120 --> 00:09:50,360 Speaker 1: Now that's going to continue to grow whether I borrow 211 00:09:50,360 --> 00:09:52,360 Speaker 1: against it or not. Tax free. I could pay off 212 00:09:52,400 --> 00:09:55,160 Speaker 1: my credit card with that policy from leverage. Now I'm 213 00:09:55,160 --> 00:09:58,120 Speaker 1: making money off the life insurance policy tax free. Now 214 00:09:58,160 --> 00:10:00,240 Speaker 1: I got the points from the credit card, and I 215 00:10:00,320 --> 00:10:03,080 Speaker 1: got the property generating cash flow, so I can accelerate 216 00:10:03,120 --> 00:10:06,680 Speaker 1: my growth ten times as fast. Now I got three 217 00:10:06,720 --> 00:10:08,280 Speaker 1: my money working for me three times because I go 218 00:10:08,320 --> 00:10:11,360 Speaker 1: deeper just one time, and I'm to go deep one time. 219 00:10:11,480 --> 00:10:14,880 Speaker 1: Now I can actually take the property that generated equity, 220 00:10:15,200 --> 00:10:17,560 Speaker 1: and I can actually do a home equity line of credit. 221 00:10:17,760 --> 00:10:20,480 Speaker 1: Take that money out, get another property. Now I got 222 00:10:20,480 --> 00:10:22,840 Speaker 1: two properties. I got the point from the credit card, 223 00:10:22,960 --> 00:10:24,800 Speaker 1: and I got the life insurance. And to cap it 224 00:10:24,920 --> 00:10:26,959 Speaker 1: all off, if you really want to get spicy, you 225 00:10:27,000 --> 00:10:28,880 Speaker 1: can actually go out and you can get a trust 226 00:10:29,120 --> 00:10:32,439 Speaker 1: in an LLC which will minimize your taxes on that 227 00:10:32,559 --> 00:10:34,720 Speaker 1: policy to begin with. So now you save money on 228 00:10:34,800 --> 00:10:36,920 Speaker 1: taxes and you got your money working for you five times. 229 00:10:36,960 --> 00:10:38,880 Speaker 1: And that's not hard to set up. People say, well, 230 00:10:38,920 --> 00:10:41,040 Speaker 1: does it take millions of dollars to get that story? Yeah, 231 00:10:41,080 --> 00:10:42,960 Speaker 1: you can dump millions of dollars as long as you 232 00:10:43,000 --> 00:10:45,320 Speaker 1: do it for at least seven years, but you can 233 00:10:45,320 --> 00:10:47,360 Speaker 1: actually get storted. People get started with this for as 234 00:10:47,400 --> 00:10:49,920 Speaker 1: little as like fifty dollars five hundred dollars a month 235 00:10:50,360 --> 00:10:53,679 Speaker 1: and build it and pay your bills off of leverage money. Yeah, 236 00:10:54,200 --> 00:10:57,920 Speaker 1: who these broke financials? That's like fat personal training. Why 237 00:10:57,960 --> 00:11:01,320 Speaker 1: would you financial wars? That's the problem. It's it's like 238 00:11:01,320 --> 00:11:03,640 Speaker 1: why would people go to the educational system to learn 239 00:11:03,679 --> 00:11:06,880 Speaker 1: from people who make, you know, forty thousand, fifty thousand 240 00:11:06,920 --> 00:11:08,360 Speaker 1: to learn how to be a millionaire? Same thing for 241 00:11:08,360 --> 00:11:12,880 Speaker 1: financial advisors. To financial advisors they're making they're making forty 242 00:11:12,920 --> 00:11:15,120 Speaker 1: fifty thousand and seventy thousand dollars on average is what 243 00:11:15,120 --> 00:11:17,800 Speaker 1: the advisor makes. A lot of them were fouling bankruptcy. 244 00:11:17,960 --> 00:11:21,680 Speaker 1: So I actually had to leave the industry for a 245 00:11:21,720 --> 00:11:23,720 Speaker 1: certain extent, and I had to go out and I 246 00:11:23,720 --> 00:11:26,800 Speaker 1: had to mentor with people who are millionaires and billionaires 247 00:11:26,960 --> 00:11:28,800 Speaker 1: so that they can teach me. They wouldn't even train 248 00:11:28,880 --> 00:11:31,240 Speaker 1: financial advisors, but they taught me more than the industry 249 00:11:31,400 --> 00:11:33,480 Speaker 1: ever taught. And that's the things you all mean a 250 00:11:33,520 --> 00:11:35,480 Speaker 1: lot of times, like when you when you think about 251 00:11:35,600 --> 00:11:39,120 Speaker 1: people who are being taught about money, what they're taught 252 00:11:39,240 --> 00:11:41,120 Speaker 1: is that they have to work hard for money, right. 253 00:11:41,200 --> 00:11:43,280 Speaker 1: And so the truth for them matter is that we 254 00:11:43,360 --> 00:11:45,480 Speaker 1: need to change our relationship with money. Instead of working 255 00:11:45,520 --> 00:11:47,920 Speaker 1: hard for money, money needs to work hard for you. Right. 256 00:11:48,120 --> 00:11:49,480 Speaker 1: And so if you don't come from anything, right, So 257 00:11:49,480 --> 00:11:50,960 Speaker 1: I'm from the projects in Harlem, right, I grew up 258 00:11:50,960 --> 00:11:53,240 Speaker 1: in the Saint Nicolas projects. So I came from nothing, right, 259 00:11:53,559 --> 00:11:56,000 Speaker 1: But I worked hard because I didn't have anything. But 260 00:11:56,080 --> 00:11:58,959 Speaker 1: once I made money, I didn't just spend the money. 261 00:11:59,040 --> 00:12:01,520 Speaker 1: I took that money and I invested it in income 262 00:12:01,559 --> 00:12:03,920 Speaker 1: producing assets. Right. And so what Marvin's talking about, what 263 00:12:03,920 --> 00:12:06,160 Speaker 1: Storm's talking about, is like, all right, bet, if you 264 00:12:06,200 --> 00:12:08,480 Speaker 1: come from zero, if you have zero money, all you 265 00:12:08,520 --> 00:12:10,840 Speaker 1: have to do is stop spending money, right, because if 266 00:12:10,840 --> 00:12:13,040 Speaker 1: you spend money, you end money. Right. You got to 267 00:12:13,040 --> 00:12:15,280 Speaker 1: get to the space where you're circulating money, where you say, 268 00:12:15,320 --> 00:12:17,720 Speaker 1: all right, bet, I got this money. I'm making this money. 269 00:12:17,720 --> 00:12:20,520 Speaker 1: But instead of stopping the cycle like you talked about 270 00:12:20,559 --> 00:12:22,280 Speaker 1: the you know, the money you know stays in the 271 00:12:22,320 --> 00:12:24,480 Speaker 1: community six hours. Instead of stopping that cycle, you say, 272 00:12:24,480 --> 00:12:26,320 Speaker 1: all right, you know what, I got this money? All right, 273 00:12:26,400 --> 00:12:29,240 Speaker 1: I'm invested in something. And now if I invested in 274 00:12:29,240 --> 00:12:32,199 Speaker 1: an income producing assets like real estate, like life instruments 275 00:12:32,200 --> 00:12:35,160 Speaker 1: like investing. Now, that money is still there. Even if 276 00:12:35,160 --> 00:12:36,800 Speaker 1: you put the money in the house and you're renting 277 00:12:36,800 --> 00:12:39,120 Speaker 1: out the house, that money is still there. But now 278 00:12:39,400 --> 00:12:41,560 Speaker 1: now you you you've created cash flow. And if you 279 00:12:41,640 --> 00:12:43,640 Speaker 1: keep doing that over and over again, that's how you 280 00:12:43,679 --> 00:12:45,880 Speaker 1: get to the million dollars. That's how you can start 281 00:12:45,880 --> 00:12:49,400 Speaker 1: from nothing and you become a millionaire exactly. So with 282 00:12:49,440 --> 00:12:51,840 Speaker 1: that being said, my focus is always the working class 283 00:12:51,880 --> 00:12:54,400 Speaker 1: people me to employ a millionaire because there's so many 284 00:12:54,559 --> 00:12:57,319 Speaker 1: people out there with a job in the relationship. Relationship 285 00:12:57,400 --> 00:12:59,480 Speaker 1: that we have with our job tends to be the 286 00:12:59,480 --> 00:13:01,800 Speaker 1: one where we go, I'm tired of this place. I 287 00:13:01,800 --> 00:13:04,600 Speaker 1: don't want to be here, and that that's an infectious thing. 288 00:13:04,920 --> 00:13:06,480 Speaker 1: But the reason why a lot of people feel that 289 00:13:06,520 --> 00:13:09,400 Speaker 1: way is because we don't create an exit out of 290 00:13:09,400 --> 00:13:11,640 Speaker 1: the job. When I asked someone, I say how many 291 00:13:11,679 --> 00:13:14,120 Speaker 1: years before you were tired? And they tell me twenty years, 292 00:13:14,160 --> 00:13:15,880 Speaker 1: thirty years. I look back at them and I go, 293 00:13:15,920 --> 00:13:17,560 Speaker 1: you mean to tell me there's nothing you could do 294 00:13:17,880 --> 00:13:21,560 Speaker 1: between twenty and thirty years. You're accepting that number. And 295 00:13:21,600 --> 00:13:23,840 Speaker 1: what we do is we abuse the fact that we're 296 00:13:23,840 --> 00:13:26,560 Speaker 1: getting paid this money, and what we do is look 297 00:13:26,559 --> 00:13:28,720 Speaker 1: at it as I'm only going to pay bills with it. 298 00:13:28,880 --> 00:13:31,079 Speaker 1: When a job already had a plan with you, they 299 00:13:31,080 --> 00:13:34,320 Speaker 1: said I'm gonna underpay you for you to overperform. But 300 00:13:34,400 --> 00:13:36,720 Speaker 1: all you said was and in return, I'm gonna pay 301 00:13:36,760 --> 00:13:39,080 Speaker 1: my bills right and try to save money. And trying 302 00:13:39,080 --> 00:13:41,959 Speaker 1: to save money now the objective for me as well. 303 00:13:42,000 --> 00:13:45,480 Speaker 1: I give people realistic things that you can do with money. 304 00:13:45,520 --> 00:13:46,720 Speaker 1: If you would to say I want to save one 305 00:13:46,800 --> 00:13:49,200 Speaker 1: hundred dollars a week, one hundred dollars a week, that's 306 00:13:49,320 --> 00:13:51,560 Speaker 1: fifty two hundred dollars a year. Then there's some of 307 00:13:51,559 --> 00:13:54,120 Speaker 1: the most undervalue money that we make, which is our 308 00:13:54,160 --> 00:13:56,679 Speaker 1: tax return. We get our tax return and say it's 309 00:13:56,720 --> 00:13:59,720 Speaker 1: ball out time. I'm buying a watch, I'm buying a car, 310 00:14:00,120 --> 00:14:02,240 Speaker 1: taking a trip. Then you take the trip, come back 311 00:14:02,280 --> 00:14:04,240 Speaker 1: to work, and you say it felt like I never left. 312 00:14:04,480 --> 00:14:07,560 Speaker 1: Let's say the average tax return is about six thousand dollars. 313 00:14:07,559 --> 00:14:09,760 Speaker 1: You saved one hundred dollars a week, so that's fifty 314 00:14:09,800 --> 00:14:12,640 Speaker 1: two plus to six. That's eleven thousand, two hundred dollars. 315 00:14:12,640 --> 00:14:14,520 Speaker 1: I just told you how I bought my first property 316 00:14:14,559 --> 00:14:17,679 Speaker 1: with eight thousand dollars out of state. And that property 317 00:14:18,000 --> 00:14:20,400 Speaker 1: is what made me rich because it showed me the 318 00:14:20,520 --> 00:14:24,120 Speaker 1: value of percentages and how I can do something and 319 00:14:24,200 --> 00:14:26,760 Speaker 1: keep putting it on repeat. So now once you get 320 00:14:26,760 --> 00:14:28,920 Speaker 1: that property, and now you get another one and another one, 321 00:14:28,960 --> 00:14:30,760 Speaker 1: and next year you buy two, you buy three, you 322 00:14:30,840 --> 00:14:35,040 Speaker 1: buy four, you're actually designing a pattern where now you 323 00:14:35,080 --> 00:14:37,680 Speaker 1: need a minimum amount of money to cause the biggest 324 00:14:37,720 --> 00:14:40,440 Speaker 1: amount of impact. And what I also teach my mentees 325 00:14:40,600 --> 00:14:43,880 Speaker 1: is about group economics. We must learn to now partner 326 00:14:43,880 --> 00:14:46,960 Speaker 1: our money together to do these things, to escape out 327 00:14:47,000 --> 00:14:49,960 Speaker 1: of the system of what we feel, what we know 328 00:14:50,320 --> 00:14:52,960 Speaker 1: is that work cycle. We go to school, we learn, 329 00:14:53,040 --> 00:14:54,960 Speaker 1: we have bell, we go to lunch, we eat lunch, 330 00:14:54,960 --> 00:14:57,320 Speaker 1: we have bell, we go back to class. Then we graduate, 331 00:14:57,400 --> 00:14:59,160 Speaker 1: get a job, go to work, here a bell, go 332 00:14:59,240 --> 00:15:01,560 Speaker 1: eat lunch, bells, we go back to work. So we 333 00:15:01,680 --> 00:15:04,280 Speaker 1: must break that cycle. It's all in the mindset of 334 00:15:04,320 --> 00:15:06,520 Speaker 1: where you think about what you think about your job 335 00:15:06,560 --> 00:15:10,120 Speaker 1: and your salary. Your job is your first business partner. 336 00:15:10,400 --> 00:15:13,520 Speaker 1: Partner with people who spread that infectious thing. Buy you 337 00:15:13,560 --> 00:15:15,840 Speaker 1: a couple of properties. If you if you got fifty 338 00:15:15,840 --> 00:15:18,040 Speaker 1: thousand and you want to buy three properties. If I 339 00:15:18,080 --> 00:15:21,240 Speaker 1: got fifty, I want to buy three. ANGELA got fifty two, 340 00:15:21,280 --> 00:15:23,600 Speaker 1: want about three. If we all just partner together, that's 341 00:15:23,720 --> 00:15:26,840 Speaker 1: nine properties a piece instead of three individually. Why does 342 00:15:26,880 --> 00:15:29,480 Speaker 1: that matter? Because now you grow in equity on nine 343 00:15:29,520 --> 00:15:33,360 Speaker 1: different properties all over the state. Now you're doing taxes 344 00:15:33,640 --> 00:15:36,920 Speaker 1: on nine different properties instead of the three. And now 345 00:15:37,000 --> 00:15:40,080 Speaker 1: we're doing LLC structures that make a big difference. You 346 00:15:40,120 --> 00:15:42,800 Speaker 1: have your LLC for me, I teach a structure called 347 00:15:42,800 --> 00:15:45,920 Speaker 1: the three must have LLCs. One is the acquisition where 348 00:15:45,920 --> 00:15:48,800 Speaker 1: you buying properties in that LLC. You buy all your 349 00:15:48,800 --> 00:15:51,560 Speaker 1: properties in that LLC. Well, that sounds risky. What do 350 00:15:51,600 --> 00:15:53,960 Speaker 1: I do? Now? You get a second LLC, which I 351 00:15:54,000 --> 00:15:57,280 Speaker 1: call the holding LLC. You transfer those properties into the 352 00:15:57,360 --> 00:16:00,920 Speaker 1: holding LLC to minimize your risk on the acquisition. And 353 00:16:01,000 --> 00:16:03,760 Speaker 1: now that holding LLC is in an animidity state that 354 00:16:03,880 --> 00:16:08,360 Speaker 1: be Nevada, New Mexico, um Delaware, Wyoming. And the reason 355 00:16:08,360 --> 00:16:11,360 Speaker 1: why that's important because we hear about holding LLCs and 356 00:16:11,600 --> 00:16:13,840 Speaker 1: rich people use them. We can do the same thing. 357 00:16:14,280 --> 00:16:17,520 Speaker 1: Just because you have an LLC, you're protected. But if 358 00:16:17,520 --> 00:16:20,480 Speaker 1: someone looks up to your LLC and say, yeah, you're 359 00:16:20,480 --> 00:16:23,040 Speaker 1: gonna drink, get hit with a civil lawsuit, especially especially 360 00:16:23,040 --> 00:16:26,880 Speaker 1: if you're somebody exactly. But in an animidity state, it's hidden. 361 00:16:27,040 --> 00:16:29,000 Speaker 1: But now here's the other gym. I'm gonna drop this. 362 00:16:29,040 --> 00:16:31,640 Speaker 1: I need you, I need you all to pick this up. 363 00:16:31,680 --> 00:16:33,800 Speaker 1: But now you have a property in the LLC you 364 00:16:33,920 --> 00:16:36,240 Speaker 1: transfer to the holding, but now you collect the rent. 365 00:16:36,280 --> 00:16:38,360 Speaker 1: Where does the rent go? It goes in that third 366 00:16:38,520 --> 00:16:42,280 Speaker 1: LLC called a property management LLC, because you're separating your 367 00:16:42,280 --> 00:16:45,160 Speaker 1: money with a property management LLC set up in the 368 00:16:45,200 --> 00:16:47,600 Speaker 1: states you live in, because you're gonna be doing taxes 369 00:16:47,920 --> 00:16:50,800 Speaker 1: on that LLC. And why is that important? Because if 370 00:16:50,800 --> 00:16:53,160 Speaker 1: someone slips and fall in front of your property is 371 00:16:53,200 --> 00:16:56,800 Speaker 1: protected into holding because it's animidity. Your acquisition LLC is 372 00:16:56,840 --> 00:16:59,480 Speaker 1: protected because the property is not in there. And now 373 00:16:59,600 --> 00:17:07,919 Speaker 1: if they friends and talk to me, I have not 374 00:17:08,040 --> 00:17:11,720 Speaker 1: done that yet, you cannot hear it. You can't hear 375 00:17:11,760 --> 00:17:15,120 Speaker 1: it now. So that's the power of that. We've been 376 00:17:15,119 --> 00:17:19,080 Speaker 1: taught to um to work, work, work, work, work, work, work, 377 00:17:19,400 --> 00:17:22,080 Speaker 1: get paid. You know, work work, work, work, work, get paid. 378 00:17:22,080 --> 00:17:24,000 Speaker 1: And all we would want to do as a group, 379 00:17:24,200 --> 00:17:26,240 Speaker 1: we want to show people that you can flip that 380 00:17:26,600 --> 00:17:29,360 Speaker 1: where you can actually work get paid, get paid, get paid, 381 00:17:29,359 --> 00:17:30,920 Speaker 1: get pake, get paid. You know what I mean, work, 382 00:17:30,920 --> 00:17:33,119 Speaker 1: get paid and paid. And you got to build something 383 00:17:33,359 --> 00:17:36,320 Speaker 1: that's going to bring you. Build you an asset where 384 00:17:36,359 --> 00:17:38,960 Speaker 1: you can earn residual passive income. So I'd say, well, 385 00:17:39,000 --> 00:17:41,080 Speaker 1: what is your freedom score? Like when do you want 386 00:17:41,080 --> 00:17:43,120 Speaker 1: to retire? Like? And when I say retire, I don't 387 00:17:43,119 --> 00:17:45,040 Speaker 1: mean stop working. I mean when do you have the 388 00:17:45,160 --> 00:17:47,720 Speaker 1: choice where if you want to leave your job, you could, 389 00:17:47,760 --> 00:17:49,879 Speaker 1: but you choose to stay, maybe because you won't do right. 390 00:17:50,240 --> 00:17:52,400 Speaker 1: So if I'm making six thousand dollars a month, all 391 00:17:52,400 --> 00:17:54,160 Speaker 1: I got to do is figure out how to make 392 00:17:54,240 --> 00:17:56,960 Speaker 1: six thousand and seven thousand dollars passive. Now I got 393 00:17:56,960 --> 00:17:59,760 Speaker 1: the freedom to decide, you know, if I want to work. 394 00:17:59,800 --> 00:18:01,840 Speaker 1: And that's really what it's all about. That's all we're doing. 395 00:18:02,119 --> 00:18:04,560 Speaker 1: And when we're building this so when we leverage and 396 00:18:04,560 --> 00:18:06,600 Speaker 1: we do the things that we're supposed to do, like 397 00:18:07,119 --> 00:18:09,960 Speaker 1: we could do something called luxury orbitrize. I used to 398 00:18:09,960 --> 00:18:11,760 Speaker 1: think that I had to live a poor I used 399 00:18:11,760 --> 00:18:13,280 Speaker 1: to think that I had to drive an old car, 400 00:18:13,400 --> 00:18:15,680 Speaker 1: live in a small house. Now I have a range 401 00:18:15,720 --> 00:18:17,720 Speaker 1: Rover and I have a Lambo that actually makes me money. 402 00:18:17,800 --> 00:18:19,359 Speaker 1: And I actually have a two million dollars house that 403 00:18:19,400 --> 00:18:22,080 Speaker 1: makes me thirty thousand dollars a month because I may 404 00:18:22,440 --> 00:18:25,440 Speaker 1: leverage it from my life insurance policy. I'm making money 405 00:18:25,480 --> 00:18:27,679 Speaker 1: for the life insurance policy. I don't even live in 406 00:18:27,720 --> 00:18:30,200 Speaker 1: the house that I bought for two million, because why 407 00:18:30,240 --> 00:18:31,920 Speaker 1: when I can rent it out and it can make 408 00:18:31,920 --> 00:18:34,320 Speaker 1: me like two thousand dollars a day. It don't make sense. 409 00:18:34,359 --> 00:18:36,720 Speaker 1: So it's just think it's smarter instead of thinking that 410 00:18:36,760 --> 00:18:38,800 Speaker 1: you have to live a life of struggle. Because if 411 00:18:38,840 --> 00:18:40,439 Speaker 1: you live a life where you think you have to 412 00:18:40,480 --> 00:18:42,800 Speaker 1: be a saver and you have to spare every single 413 00:18:42,800 --> 00:18:45,159 Speaker 1: dollar that you have, guess what happens. You don't get 414 00:18:45,200 --> 00:18:47,199 Speaker 1: out of that mentality. So you can be sitting in 415 00:18:47,200 --> 00:18:49,080 Speaker 1: a bank. You can have three million, four million, five 416 00:18:49,119 --> 00:18:51,600 Speaker 1: million dollars sitting in the bank, and your mindset won't 417 00:18:51,640 --> 00:18:53,560 Speaker 1: allow you to spend because you will still be stuck 418 00:18:53,600 --> 00:18:56,159 Speaker 1: with that same scarcity mindset. And what we believe as 419 00:18:56,200 --> 00:18:59,600 Speaker 1: a group is that abundance is our birthright. And we collaborate, 420 00:19:00,080 --> 00:19:03,560 Speaker 1: ask you kind of talk about like we didn't do together. 421 00:19:03,800 --> 00:19:07,000 Speaker 1: We did okay, I mean by myself, we did okay. 422 00:19:07,040 --> 00:19:09,480 Speaker 1: But when we came together. We did something powerful. Yeah, 423 00:19:09,520 --> 00:19:16,840 Speaker 1: y'all like the tgt A financial empowermy yea. Three pillars 424 00:19:16,920 --> 00:19:18,840 Speaker 1: to the path of the path to prosperity. Yeah, so 425 00:19:18,880 --> 00:19:21,040 Speaker 1: the three Pillars of the Path to prosperity is really 426 00:19:21,119 --> 00:19:23,760 Speaker 1: about how do you make more money? How do you 427 00:19:23,800 --> 00:19:26,600 Speaker 1: manage that money, and how you multiply that money? Right? Um, 428 00:19:26,640 --> 00:19:29,560 Speaker 1: And and that's why that's what's important because all of 429 00:19:29,640 --> 00:19:31,280 Speaker 1: us like like you know, my shirt says, abutets to 430 00:19:31,359 --> 00:19:34,760 Speaker 1: your birthright, and we believe that that everybody has in 431 00:19:34,880 --> 00:19:37,840 Speaker 1: them already everything they need to live their best life. Right. 432 00:19:38,119 --> 00:19:40,520 Speaker 1: And so if you just tap into who you are 433 00:19:40,880 --> 00:19:43,760 Speaker 1: at your natural being, you can make you can you 434 00:19:43,800 --> 00:19:46,159 Speaker 1: can maximize your full potential and make money. Right. But 435 00:19:46,240 --> 00:19:49,000 Speaker 1: once you make that money, how do you manage that money? Right? 436 00:19:49,000 --> 00:19:50,560 Speaker 1: How do you manage it in a way that Storm 437 00:19:50,600 --> 00:19:52,000 Speaker 1: talks about, How do you manage it in a way 438 00:19:52,000 --> 00:19:53,560 Speaker 1: that I talk about, how do you manage it in 439 00:19:53,560 --> 00:19:55,679 Speaker 1: a way that Marvin talks about. And then once you 440 00:19:55,720 --> 00:19:58,119 Speaker 1: start to manage that money and you're realizing that you 441 00:19:58,200 --> 00:20:00,399 Speaker 1: do have enough in that you can you know, and 442 00:20:00,480 --> 00:20:03,560 Speaker 1: it's better than or right that you can live in abundance. Now, 443 00:20:03,840 --> 00:20:06,159 Speaker 1: how do you take that money that you haven't multiplied it? Right? 444 00:20:06,160 --> 00:20:08,480 Speaker 1: Because that's what the wealthy do. The wealthy don't make 445 00:20:08,560 --> 00:20:10,600 Speaker 1: money and then have to figure out how to make 446 00:20:10,640 --> 00:20:13,159 Speaker 1: money again. They learn how to make money, and that 447 00:20:14,080 --> 00:20:16,280 Speaker 1: money makes money, right, So now they make money, they 448 00:20:16,359 --> 00:20:18,159 Speaker 1: learn how to manage that money the right way. And 449 00:20:18,160 --> 00:20:20,159 Speaker 1: then once they manage that money the right way, that 450 00:20:20,160 --> 00:20:21,680 Speaker 1: money is always there for them. And they say, you 451 00:20:21,680 --> 00:20:23,240 Speaker 1: know what, let me just you know, let me just 452 00:20:23,320 --> 00:20:25,920 Speaker 1: multiply it. Like Marvin says, right, make money babies, right, 453 00:20:25,960 --> 00:20:28,840 Speaker 1: Your your money should be making babies and and and 454 00:20:28,880 --> 00:20:31,760 Speaker 1: that's three pillars of the path to prosperity. Do you 455 00:20:31,760 --> 00:20:33,760 Speaker 1: what do you think people that are going to receive 456 00:20:33,800 --> 00:20:35,560 Speaker 1: the student loan forgiveness, what do you think they should 457 00:20:35,560 --> 00:20:37,640 Speaker 1: do with their money? Ah? Man, I think I think 458 00:20:37,680 --> 00:20:41,400 Speaker 1: people who UM are receiving that money should definitely tap 459 00:20:41,440 --> 00:20:44,119 Speaker 1: into our five day challenge UM and and and let 460 00:20:44,200 --> 00:20:46,800 Speaker 1: us teach you for five days, UM how to how 461 00:20:46,840 --> 00:20:50,040 Speaker 1: to do exactly that right, because what's gonna happen is um. 462 00:20:50,320 --> 00:20:51,560 Speaker 1: You know, I know a lot of people who are 463 00:20:51,600 --> 00:20:53,000 Speaker 1: thinking like, oh, you know what, I'm gonna get the 464 00:20:53,080 --> 00:20:55,160 Speaker 1: ten thousand dollars. I got this, this credit card bill 465 00:20:55,240 --> 00:20:56,959 Speaker 1: or I have this, you know, I want to be 466 00:20:57,000 --> 00:20:59,359 Speaker 1: able to, you know, pay down or whatever they they 467 00:20:59,400 --> 00:21:02,200 Speaker 1: want to pay down. What happens is if they take 468 00:21:02,240 --> 00:21:04,159 Speaker 1: that money and they pay a bill, then that's it. 469 00:21:04,200 --> 00:21:06,560 Speaker 1: That's the end of that money. But Storm just gave 470 00:21:06,600 --> 00:21:08,960 Speaker 1: you a whole play on how he got his first 471 00:21:08,960 --> 00:21:11,880 Speaker 1: property at eight thousand dollars out of town. And one 472 00:21:11,880 --> 00:21:14,200 Speaker 1: of the things that I want you to understand why 473 00:21:14,240 --> 00:21:17,040 Speaker 1: Storm is so important is because he's teaching you how 474 00:21:17,080 --> 00:21:19,000 Speaker 1: to do it right. Like like New York, you know, 475 00:21:19,080 --> 00:21:21,280 Speaker 1: it's it's a high cost of living and so you 476 00:21:21,280 --> 00:21:23,040 Speaker 1: can't get a property. I tell people that all the 477 00:21:23,080 --> 00:21:25,040 Speaker 1: time when they're telling to buy their first property. I'm like, 478 00:21:25,040 --> 00:21:27,160 Speaker 1: you might not be able to buy something in New York. 479 00:21:27,320 --> 00:21:29,440 Speaker 1: Why don't you go look someplace outside. You can get 480 00:21:29,560 --> 00:21:31,760 Speaker 1: a cheaper real estate and you can flip that or 481 00:21:31,800 --> 00:21:34,080 Speaker 1: you can rent it out right. That also was years ago, though, 482 00:21:34,080 --> 00:21:36,320 Speaker 1: I mean, you're right, but it's gonna be hard to 483 00:21:36,320 --> 00:21:41,119 Speaker 1: find a property of eight thousand dollars dollars is the 484 00:21:41,160 --> 00:21:43,760 Speaker 1: down payment? How long it was that though? I started 485 00:21:43,760 --> 00:21:47,280 Speaker 1: twenty fifteen. But I'm teaching now mentees who are actually 486 00:21:47,320 --> 00:21:51,000 Speaker 1: this week they're making their phone calls to the realtors. 487 00:21:51,040 --> 00:21:53,080 Speaker 1: I teach them to make the phone calls find the 488 00:21:53,119 --> 00:21:56,080 Speaker 1: properties inside my mentorship, because I don't believe in giving 489 00:21:56,080 --> 00:21:57,800 Speaker 1: you the knowledge of letting you figure it out. I 490 00:21:57,840 --> 00:21:59,920 Speaker 1: want you to figure it out in my class, actually 491 00:22:00,080 --> 00:22:02,480 Speaker 1: make the calls. And they're buying properties now for forty 492 00:22:02,520 --> 00:22:05,960 Speaker 1: fifty sixty seventy eighty thousand dollars. Eighty thousand dollars property 493 00:22:06,000 --> 00:22:11,600 Speaker 1: twenty percent down is still only six I also suggest 494 00:22:11,640 --> 00:22:14,240 Speaker 1: people get your real estate license too, because I actually 495 00:22:14,280 --> 00:22:16,199 Speaker 1: took all the classes. I'm gonna take the test to 496 00:22:16,240 --> 00:22:18,280 Speaker 1: get my license. But you get a lot of access. 497 00:22:18,960 --> 00:22:21,320 Speaker 1: You know that people don't get to what's available. And 498 00:22:21,760 --> 00:22:24,679 Speaker 1: that's the thing. Right. So now, if you're like, you know, 499 00:22:24,720 --> 00:22:27,520 Speaker 1: store has a system where if you're buying property out 500 00:22:27,520 --> 00:22:29,879 Speaker 1: of state, right, that's your down payment. But think about that. 501 00:22:29,960 --> 00:22:31,840 Speaker 1: If you said I'm gonna take that ten thousand dollars 502 00:22:31,880 --> 00:22:34,560 Speaker 1: and I'm gonna pay credit card debt, is done, right. 503 00:22:34,600 --> 00:22:36,000 Speaker 1: But if you take that and you take it and 504 00:22:36,040 --> 00:22:37,280 Speaker 1: you put it, you know, put it in a in 505 00:22:37,280 --> 00:22:40,280 Speaker 1: a down payment to the house, that's cash flowing already. Right, 506 00:22:40,280 --> 00:22:42,720 Speaker 1: I'm gonna give you two much sorts. But right, it's 507 00:22:42,760 --> 00:22:45,480 Speaker 1: cash flowing already. So now that ten thousand dollars, it's 508 00:22:45,480 --> 00:22:47,880 Speaker 1: still ten thousand dollars because it's your down payment. Now 509 00:22:47,880 --> 00:22:50,160 Speaker 1: that downpayment is equity in that house that you own. 510 00:22:50,480 --> 00:22:52,840 Speaker 1: And then each month, if it's tenant occupied and the 511 00:22:52,920 --> 00:22:55,679 Speaker 1: person's paying rent, now you have that cash flow. And 512 00:22:55,720 --> 00:22:57,919 Speaker 1: so that's what I would say, you know, one of 513 00:22:57,960 --> 00:22:59,920 Speaker 1: the plays that people could use with that ten thousand. 514 00:23:00,080 --> 00:23:01,880 Speaker 1: So bouncing off of that, and I know we got 515 00:23:01,880 --> 00:23:04,160 Speaker 1: to tell you about the challenge, but um, coming back 516 00:23:04,160 --> 00:23:05,800 Speaker 1: to that, like what you just said about the ten 517 00:23:05,840 --> 00:23:08,720 Speaker 1: thousand dollars, right, you just gave a perfect, perfect illustration. 518 00:23:08,800 --> 00:23:11,440 Speaker 1: There's really three types of people when it comes to money. 519 00:23:11,880 --> 00:23:14,440 Speaker 1: You have a debtor, you have a saver, and then 520 00:23:14,480 --> 00:23:17,200 Speaker 1: you have the wealth creator. The debtor. That's the person 521 00:23:17,240 --> 00:23:19,240 Speaker 1: that's they're gonna take that ten thousand dollars. They're gonna 522 00:23:19,240 --> 00:23:21,240 Speaker 1: find a way to be in the worst financial situation 523 00:23:21,240 --> 00:23:23,600 Speaker 1: than there was before they got it. Who are like, 524 00:23:23,640 --> 00:23:27,320 Speaker 1: I'm already and dad, it's over. Yeah, I can't get 525 00:23:27,320 --> 00:23:29,040 Speaker 1: out the rent race. I might as well go deeper 526 00:23:29,040 --> 00:23:33,720 Speaker 1: into it right right right Instagram picture by that rusty book. 527 00:23:34,920 --> 00:23:36,800 Speaker 1: Then you got the savor. The savers gonna say, well, 528 00:23:36,800 --> 00:23:38,480 Speaker 1: I'm just gonna save this, I'm gonna put it in 529 00:23:38,560 --> 00:23:41,239 Speaker 1: a bank, right, not realizing that they're losing money due 530 00:23:41,280 --> 00:23:44,160 Speaker 1: to inflation. It's not doing anything for them. And then 531 00:23:44,160 --> 00:23:46,200 Speaker 1: when they do finally spend it, like you, ain't gonna 532 00:23:46,240 --> 00:23:48,399 Speaker 1: recoup that money, like you said, it's going and lost forever. 533 00:23:48,720 --> 00:23:50,080 Speaker 1: But what I want to do is I want to 534 00:23:50,119 --> 00:23:51,840 Speaker 1: show people. We all want to show people how to 535 00:23:51,840 --> 00:23:54,200 Speaker 1: be a wealth creator. Right, How can you take that 536 00:23:54,280 --> 00:23:56,960 Speaker 1: ten thousand dollars for example, how can you put it 537 00:23:57,000 --> 00:23:58,800 Speaker 1: into a place where you know what's going to multiply, 538 00:23:58,960 --> 00:24:01,600 Speaker 1: where that money never goes backwards and it never goes forward. 539 00:24:01,640 --> 00:24:03,840 Speaker 1: And that's really what we're talking about on this challenge. 540 00:24:03,840 --> 00:24:06,160 Speaker 1: How can we take you from where you are now 541 00:24:06,359 --> 00:24:08,879 Speaker 1: to millionaire status? How can we give you the blueprint? 542 00:24:09,040 --> 00:24:11,280 Speaker 1: How can we give you a step by step by 543 00:24:11,320 --> 00:24:14,359 Speaker 1: step guide over five days? And it's all virtual, so 544 00:24:14,400 --> 00:24:16,000 Speaker 1: I don't care where you are. You can log in, 545 00:24:16,160 --> 00:24:17,960 Speaker 1: If you can log in the Zoom you could join 546 00:24:18,040 --> 00:24:20,399 Speaker 1: this challenge. If you have Facebook, you could join this 547 00:24:20,520 --> 00:24:23,600 Speaker 1: challenge and with this challenge, we're taking you from from 548 00:24:23,600 --> 00:24:26,680 Speaker 1: the real estate blueprint to the author blueprint where you 549 00:24:26,720 --> 00:24:29,280 Speaker 1: can make fifteen strength of income to becoming your own 550 00:24:29,320 --> 00:24:31,520 Speaker 1: bank and leveraging your money. We're going to show you 551 00:24:31,560 --> 00:24:33,120 Speaker 1: all that in five days. And we got a couple 552 00:24:33,119 --> 00:24:35,080 Speaker 1: of special guests. And you know, we got Grant cardon 553 00:24:35,520 --> 00:24:38,879 Speaker 1: coming on, Grand cardon coming on to talk to you 554 00:24:38,920 --> 00:24:41,040 Speaker 1: about how can you use that to make you rich? 555 00:24:41,119 --> 00:24:43,159 Speaker 1: How can you how can you use it as leverage? 556 00:24:43,280 --> 00:24:46,600 Speaker 1: And we got two different opportunities. Right For some people, 557 00:24:46,640 --> 00:24:48,000 Speaker 1: they're gonna say, look, I just want to get in 558 00:24:48,040 --> 00:24:50,520 Speaker 1: the room and I don't really need to ask any 559 00:24:50,560 --> 00:24:53,200 Speaker 1: questions to get any deeper understanding. That's fine. We got 560 00:24:53,200 --> 00:24:57,640 Speaker 1: something for you for breakfast club listeners only ninety seven dollars, right, 561 00:24:58,080 --> 00:25:00,800 Speaker 1: and we got a VIP not a v Yeah, that's 562 00:25:00,840 --> 00:25:03,879 Speaker 1: crazy because we normally chwards two ninety seven, which is 563 00:25:03,880 --> 00:25:06,160 Speaker 1: still crazy. But we're actually doing one hundred dollars off 564 00:25:06,320 --> 00:25:08,600 Speaker 1: for breakfast club listeners where they can go in and 565 00:25:08,640 --> 00:25:10,800 Speaker 1: they can actually have Q and A with us directly, 566 00:25:11,160 --> 00:25:13,920 Speaker 1: and every day we're actually answering their questions and helping 567 00:25:13,960 --> 00:25:15,919 Speaker 1: them to get to that path. Quicker and giving them 568 00:25:15,960 --> 00:25:18,320 Speaker 1: a blueprint where when you leave you're gonna get fifty 569 00:25:18,359 --> 00:25:21,359 Speaker 1: times the value of it. So, um, you can you 570 00:25:21,359 --> 00:25:24,120 Speaker 1: can actually go listen, I mean, get that information right 571 00:25:24,160 --> 00:25:26,760 Speaker 1: now and actually take advantage of that discount by going 572 00:25:26,800 --> 00:25:30,800 Speaker 1: to wealth Domination dot com. There's on wealth domination dot 573 00:25:30,800 --> 00:25:34,280 Speaker 1: com and we got it or something. Um, actually we 574 00:25:34,359 --> 00:25:38,240 Speaker 1: made that site simply for you breakfast for breakfast club listeners. 575 00:25:38,240 --> 00:25:39,600 Speaker 1: You will see it. You will see it. So it's 576 00:25:39,640 --> 00:25:42,160 Speaker 1: just wealth Domination dot Com. And you can go ahead 577 00:25:42,160 --> 00:25:44,000 Speaker 1: and sign up, and when you do, we'll know you 578 00:25:44,040 --> 00:25:46,320 Speaker 1: came from breakfast club. And one thing I'll say though, 579 00:25:46,400 --> 00:25:49,439 Speaker 1: right is important to getting in rooms right because again 580 00:25:49,480 --> 00:25:51,840 Speaker 1: like um, none of us came from money, none of 581 00:25:51,920 --> 00:25:55,680 Speaker 1: us you know, had any special privileges. Um. What happened 582 00:25:55,800 --> 00:25:58,600 Speaker 1: was as we started to learn this information right. For me, 583 00:25:58,960 --> 00:26:01,280 Speaker 1: you know, as a banker, I was managing money for 584 00:26:01,359 --> 00:26:03,000 Speaker 1: wealthy and I look, I was one of those broke 585 00:26:03,040 --> 00:26:07,800 Speaker 1: bankers because you know, I was just you know, just 586 00:26:07,840 --> 00:26:11,320 Speaker 1: starting Now I'm manage your money for multimillionaires. I'm just 587 00:26:11,359 --> 00:26:13,320 Speaker 1: doing what the bank told me to do. So I'm learning, 588 00:26:13,520 --> 00:26:15,640 Speaker 1: you know, I'm I'm living paycheck to paycheck. I don't 589 00:26:15,680 --> 00:26:18,560 Speaker 1: you know, I understand money, but I'm not doing what 590 00:26:18,640 --> 00:26:21,879 Speaker 1: I'm teaching and being told growing up that you ain't 591 00:26:21,560 --> 00:26:25,840 Speaker 1: exactly and so and so. I'm glad you said that 592 00:26:25,880 --> 00:26:29,040 Speaker 1: because you know I've been in a was I started 593 00:26:29,080 --> 00:26:31,399 Speaker 1: being a bank at nineteen years old. I was making 594 00:26:31,440 --> 00:26:34,359 Speaker 1: six figures in my twenties. But guess what, because I 595 00:26:34,400 --> 00:26:37,119 Speaker 1: was told I wasn't gonna be ish, I was you like, 596 00:26:37,200 --> 00:26:39,480 Speaker 1: I would, I would use that money and and and 597 00:26:39,600 --> 00:26:41,919 Speaker 1: flawing it right. I would buy I had cars, I 598 00:26:41,960 --> 00:26:44,280 Speaker 1: had clothes. So I was still making six figures, living 599 00:26:44,280 --> 00:26:46,760 Speaker 1: paycheck to paycheck. So it wasn't the money. It wasn't 600 00:26:46,760 --> 00:26:49,240 Speaker 1: that I wasn't making the money. It was the mentality. 601 00:26:49,240 --> 00:26:51,480 Speaker 1: It was my mindset. I didn't have the right mindset. 602 00:26:51,520 --> 00:26:54,520 Speaker 1: And then when I started hanging out with multi millionaires 603 00:26:54,560 --> 00:26:56,240 Speaker 1: and they started teaching me what they really do with 604 00:26:56,280 --> 00:26:58,640 Speaker 1: their money, I'm like, oh, I don't I don't need 605 00:26:58,680 --> 00:27:00,920 Speaker 1: this car. Or if I'm gonna get the car, I'm 606 00:27:00,960 --> 00:27:03,960 Speaker 1: not gonna use my physical labor to buy the car. Right, 607 00:27:04,240 --> 00:27:08,320 Speaker 1: I'm going to take the money buy an income producing asset. 608 00:27:08,440 --> 00:27:10,760 Speaker 1: That asset is what's gonna pay for the car that's 609 00:27:10,760 --> 00:27:12,879 Speaker 1: gonna pay for the house, right, and so you know, 610 00:27:13,000 --> 00:27:16,760 Speaker 1: getting the room. Stop listening to your your broke friends. 611 00:27:17,000 --> 00:27:18,720 Speaker 1: Stop listening to the to the friends that look like 612 00:27:18,760 --> 00:27:21,160 Speaker 1: they got it, because even even the friends that look 613 00:27:21,240 --> 00:27:23,280 Speaker 1: like they got it are probably living paycheck to paycheck 614 00:27:23,400 --> 00:27:26,240 Speaker 1: as well, and they are one mistake away from being poor. 615 00:27:26,440 --> 00:27:29,560 Speaker 1: So get in the room with multimillionaires. We're gonna teach 616 00:27:29,600 --> 00:27:31,600 Speaker 1: you the game the right way, so that way you 617 00:27:31,640 --> 00:27:35,000 Speaker 1: could know that it doesn't take. It's not rocket science. 618 00:27:35,000 --> 00:27:37,120 Speaker 1: You just have to have the right science, the right 619 00:27:37,119 --> 00:27:39,000 Speaker 1: information to get to that next less. So it's about 620 00:27:39,000 --> 00:27:42,320 Speaker 1: the information. Yeah, yeah, absolutely. What's the website again? Um, 621 00:27:42,359 --> 00:27:47,200 Speaker 1: that is a Wealth Domination dot com. Wealth Domination dot com. 622 00:27:47,240 --> 00:27:51,040 Speaker 1: You go there. We got it again specifically for breakfast 623 00:27:51,080 --> 00:27:52,840 Speaker 1: Club listeners, so you'll be able to see all that 624 00:27:52,880 --> 00:27:54,680 Speaker 1: when you go on there and sign up for the challenge. 625 00:27:54,680 --> 00:27:57,479 Speaker 1: By the way, it's September to twenty six through the thirtieth, 626 00:27:57,560 --> 00:28:00,240 Speaker 1: so it starts on a Monday, September twenty six through 627 00:28:00,280 --> 00:28:02,159 Speaker 1: September the thirty years, so you really don't want to 628 00:28:02,160 --> 00:28:04,199 Speaker 1: miss this. It's gonna be crazy. Last time we did it, 629 00:28:04,880 --> 00:28:07,040 Speaker 1: we changed we had about eight hundred and fifty people 630 00:28:07,040 --> 00:28:10,280 Speaker 1: in there or so. We changed so many lives it's crazy, 631 00:28:10,359 --> 00:28:13,200 Speaker 1: like we've helped people. We just got a message from 632 00:28:13,359 --> 00:28:15,840 Speaker 1: one of our mentees, Rosa. Shout out to Rosa just said, 633 00:28:15,880 --> 00:28:17,879 Speaker 1: oh my god, I just made ten thousand dollars of 634 00:28:18,000 --> 00:28:20,560 Speaker 1: one day from following the information that we got one 635 00:28:20,600 --> 00:28:23,160 Speaker 1: of our mentees, Gregg Mary. He came out and said, man, 636 00:28:23,200 --> 00:28:25,320 Speaker 1: I've been doing this like it's only been with two months. 637 00:28:25,320 --> 00:28:27,000 Speaker 1: He said he made one hundred thousand dollars in a week, 638 00:28:27,000 --> 00:28:28,840 Speaker 1: when he made one hundred thousand all last year. If 639 00:28:28,880 --> 00:28:32,560 Speaker 1: we show you how to make money immediately in a 640 00:28:32,600 --> 00:28:34,199 Speaker 1: pace where you felt like you're paying for you know, 641 00:28:34,280 --> 00:28:36,320 Speaker 1: you pay for this mentorship, you gotta take these courses. 642 00:28:36,560 --> 00:28:38,680 Speaker 1: But once you get to the end, you start making money. No, 643 00:28:38,800 --> 00:28:41,920 Speaker 1: we show you how to make money during that time 644 00:28:42,000 --> 00:28:44,719 Speaker 1: being who you are though, right, being who you are, 645 00:28:44,840 --> 00:28:47,000 Speaker 1: ready start making money at that point. And the key 646 00:28:47,040 --> 00:28:48,680 Speaker 1: thing that I want people to really take away from 647 00:28:48,720 --> 00:28:51,680 Speaker 1: this is we're giving you valuable information for you. But 648 00:28:51,800 --> 00:28:54,280 Speaker 1: I always say this, and I'm gonna repeat this every day. 649 00:28:55,040 --> 00:28:58,000 Speaker 1: We're not speaking to you, We're talking to your legacy. 650 00:28:58,360 --> 00:29:01,800 Speaker 1: We're using you as a vessel to talk to your legacy. 651 00:29:01,800 --> 00:29:04,680 Speaker 1: Because that's what this is about. The information you get, 652 00:29:04,760 --> 00:29:06,760 Speaker 1: you need to sit down with your family. You need 653 00:29:06,800 --> 00:29:08,760 Speaker 1: to sit down with your wife, your husband, your children, 654 00:29:08,960 --> 00:29:12,080 Speaker 1: because these valuable secrets we give into you should never 655 00:29:12,160 --> 00:29:14,960 Speaker 1: die with you. Yeah, you should always understand. Don't keep 656 00:29:15,040 --> 00:29:18,200 Speaker 1: the keys the combination to the safe for yourself because 657 00:29:18,200 --> 00:29:20,040 Speaker 1: when you die with that plan, now you're leaving them 658 00:29:20,080 --> 00:29:23,720 Speaker 1: to figure this out. So definitely gain this information, share 659 00:29:23,720 --> 00:29:26,080 Speaker 1: it with your family. These five days you spend with us. 660 00:29:26,120 --> 00:29:28,600 Speaker 1: You think this interview was something, There's so many players 661 00:29:28,600 --> 00:29:31,120 Speaker 1: and games that we're still holding on and saving because 662 00:29:31,120 --> 00:29:34,720 Speaker 1: we love to give value. That's what this is about. 663 00:29:34,880 --> 00:29:37,240 Speaker 1: Knowledge is the one thing that you can continuously give 664 00:29:37,280 --> 00:29:39,480 Speaker 1: away and never run out of. So why are we 665 00:29:39,560 --> 00:29:42,600 Speaker 1: holding it? Why would we dare hoard knowledge? So I 666 00:29:42,680 --> 00:29:45,160 Speaker 1: look forward to seeing everybody in there. You everybody all 667 00:29:45,240 --> 00:29:49,720 Speaker 1: individual like Instagrams and Twitter. You can reach out to 668 00:29:49,800 --> 00:29:54,280 Speaker 1: me Marvin at Marvin Mitchell Official. There's Marvin Mitchell Official. 669 00:29:54,280 --> 00:29:56,680 Speaker 1: But be careful, y'all, no dots, those slashes. There's so 670 00:29:56,720 --> 00:30:00,720 Speaker 1: many fake Instagram accounts out there. Just Marvin Mitchell Official. Uh, 671 00:30:00,760 --> 00:30:02,360 Speaker 1: you can you can go to my website i am 672 00:30:02,440 --> 00:30:06,000 Speaker 1: ashcash dot com, follow me on all social media platforms 673 00:30:06,040 --> 00:30:08,480 Speaker 1: at i am ashcash, and make sure you listen to 674 00:30:08,760 --> 00:30:11,880 Speaker 1: watch Inside the Bar, Inside the Vote, the Greatest money 675 00:30:11,920 --> 00:30:14,360 Speaker 1: mindset showing the planet fash after my guys at y 676 00:30:14,480 --> 00:30:16,960 Speaker 1: l u y l what was happening Yeah yeah, And 677 00:30:17,080 --> 00:30:19,560 Speaker 1: for me, you can find me on Instagram at i 678 00:30:19,600 --> 00:30:23,840 Speaker 1: am storm Leroy. You'll find everything about media. Start from there. 679 00:30:23,960 --> 00:30:26,600 Speaker 1: That's right as ashcast storm Leroy and Marvin Mitchell, thank 680 00:30:26,600 --> 00:30:28,880 Speaker 1: you for your brother, Thank you. I appreciate