1 00:00:00,400 --> 00:00:02,480 Speaker 1: What if I told you the way you've been taught 2 00:00:02,600 --> 00:00:05,640 Speaker 1: to save an invest is actually keeping you broke. You know, 3 00:00:05,840 --> 00:00:08,799 Speaker 1: the wealthy don't play by those rules. Instead, they've mastered 4 00:00:08,840 --> 00:00:12,160 Speaker 1: a system that turns every one dollar into five, or 5 00:00:12,160 --> 00:00:15,640 Speaker 1: into ten or even twenty dollars over time. Now, while 6 00:00:15,760 --> 00:00:19,240 Speaker 1: most people let their money sit idle, losing value every second, 7 00:00:19,440 --> 00:00:22,480 Speaker 1: the rich have unlocked a hidden wealth engine. It's a 8 00:00:22,520 --> 00:00:26,200 Speaker 1: system that grows their money exponentially without working harder or 9 00:00:26,239 --> 00:00:28,600 Speaker 1: cutting back. So today I'm going to pull back the 10 00:00:28,640 --> 00:00:31,400 Speaker 1: curtain on this powerful strategy. I'm going to show you 11 00:00:31,400 --> 00:00:33,760 Speaker 1: how to use it to make your money work harder 12 00:00:33,800 --> 00:00:36,000 Speaker 1: than you ever could. And by the end of this video, 13 00:00:36,080 --> 00:00:39,800 Speaker 1: you'll know exactly how to invest one dollar into three, five, 14 00:00:40,000 --> 00:00:44,480 Speaker 1: or even ten investments, turning your dollars into unstoppable wealth. Now, 15 00:00:44,640 --> 00:00:47,120 Speaker 1: my name is Mark Moss. I've built and invested businesses 16 00:00:47,159 --> 00:00:50,159 Speaker 1: through now three Booma Bus markets. I've exited two of 17 00:00:50,159 --> 00:00:52,600 Speaker 1: them for high value exits. I'm a partner at a 18 00:00:52,680 --> 00:00:55,960 Speaker 1: leading venture capital tech fund, and I've coached thousands of 19 00:00:56,000 --> 00:00:59,160 Speaker 1: people on leveraging these exact strategies to build wealth and 20 00:00:59,160 --> 00:01:04,640 Speaker 1: time freedom. So let's go all right, So the wealthy 21 00:01:04,640 --> 00:01:07,319 Speaker 1: are playing a different game. Look, before we get into 22 00:01:07,360 --> 00:01:10,000 Speaker 1: the wealthy game, let's think about what game you're playing. Now. 23 00:01:10,360 --> 00:01:12,280 Speaker 1: You've seen me probably use this graphic before if you 24 00:01:12,280 --> 00:01:14,920 Speaker 1: watch my videos on a regular basis. And the premise 25 00:01:14,959 --> 00:01:16,760 Speaker 1: of this that you have to just grasp this premise 26 00:01:16,760 --> 00:01:18,480 Speaker 1: before we get into the rest of this, is that 27 00:01:18,800 --> 00:01:20,920 Speaker 1: if I came over to your house with a game, 28 00:01:21,000 --> 00:01:22,479 Speaker 1: a board game, let's say, and I said, hey, let's 29 00:01:22,480 --> 00:01:24,000 Speaker 1: play this board game, and you've you've never seen the 30 00:01:24,000 --> 00:01:26,600 Speaker 1: board game, Well, you'd want to know, like, well, what's 31 00:01:26,640 --> 00:01:28,520 Speaker 1: the objective of the game, what's the strategy of the game, 32 00:01:28,520 --> 00:01:29,640 Speaker 1: what are the rules of the game, who are the 33 00:01:29,640 --> 00:01:31,119 Speaker 1: players of the game? Where the mechanics of the game. 34 00:01:31,160 --> 00:01:33,679 Speaker 1: All these things right, you have to figure those out 35 00:01:33,720 --> 00:01:36,360 Speaker 1: before you could play the game. And imagine if I'd 36 00:01:36,360 --> 00:01:38,720 Speaker 1: been playing this video game, Call of Duty or whatever, 37 00:01:39,360 --> 00:01:41,880 Speaker 1: I've been playing this game for years and you've never 38 00:01:41,920 --> 00:01:44,360 Speaker 1: have wouldn't you imagine that I would have some tips 39 00:01:44,360 --> 00:01:47,200 Speaker 1: and tricks and strategies that you wouldn't understand. Okay, so 40 00:01:47,280 --> 00:01:49,200 Speaker 1: keep an open in mind as we go about this. Now, 41 00:01:49,200 --> 00:01:52,320 Speaker 1: First of all, what game are you playing? Because you've 42 00:01:52,320 --> 00:01:55,240 Speaker 1: been told this mantra your whole life of go to school, 43 00:01:55,240 --> 00:01:58,560 Speaker 1: get good grades, get a good job, save for retirement. 44 00:01:59,040 --> 00:02:01,960 Speaker 1: Now it's not that you've been told out your whole life. 45 00:02:02,520 --> 00:02:06,080 Speaker 1: We have some of the most famous money managers, financial 46 00:02:06,120 --> 00:02:09,680 Speaker 1: gurus like Dave Ramsey telling you this stuff, that we 47 00:02:09,720 --> 00:02:11,959 Speaker 1: should do things a certain way. Let's play this first 48 00:02:11,960 --> 00:02:13,280 Speaker 1: clip from Dave Ramsey. 49 00:02:13,520 --> 00:02:16,600 Speaker 2: The debt snowball. You list your debts smallest to largest. 50 00:02:16,639 --> 00:02:18,840 Speaker 2: You pay minimum payments on everything but the little one. 51 00:02:18,880 --> 00:02:23,919 Speaker 2: You attack the little one with a vengeance. Scorched earth lifestyle, 52 00:02:24,360 --> 00:02:26,959 Speaker 2: sell so much stuff the kids think they're next. Take 53 00:02:27,040 --> 00:02:30,600 Speaker 2: sixteen extra jobs. We're getting out of debt. All right. 54 00:02:30,680 --> 00:02:34,079 Speaker 1: So what Dave Ramsey again, probably the number one financial 55 00:02:34,120 --> 00:02:37,320 Speaker 1: guru millions of people, tens of million, millions of people 56 00:02:37,320 --> 00:02:40,760 Speaker 1: are listening to him, is debt is bad. Don't have debt. 57 00:02:40,880 --> 00:02:43,680 Speaker 1: If you have debt, get rid of your debt as 58 00:02:43,800 --> 00:02:48,320 Speaker 1: fast as possible. Okay. Now, look that's not a bad strategy. Okay. 59 00:02:48,400 --> 00:02:51,760 Speaker 1: I call debt like fire. Now, fire is very useful 60 00:02:51,760 --> 00:02:53,840 Speaker 1: and it's very important. I use fire to warm up 61 00:02:53,840 --> 00:02:56,600 Speaker 1: my house, fire to cook my food. But I could 62 00:02:56,639 --> 00:02:58,720 Speaker 1: also burn my house down. Now, kids, shouldn't play with 63 00:02:58,760 --> 00:03:01,680 Speaker 1: fire because they don't know how to manage fire. They 64 00:03:01,720 --> 00:03:04,120 Speaker 1: could burn the house down. But as you grew up 65 00:03:04,120 --> 00:03:05,679 Speaker 1: as to be an adult, you learn how to cook 66 00:03:05,720 --> 00:03:08,560 Speaker 1: with fire and warm your house, warm your water. Now, 67 00:03:09,160 --> 00:03:11,240 Speaker 1: what Dave Ramsey is saying is that he thinks you're 68 00:03:11,280 --> 00:03:13,440 Speaker 1: a baby and you shouldn't play with fire. You shouldn't 69 00:03:13,440 --> 00:03:16,000 Speaker 1: play with debt. But as we grow up, the rich, 70 00:03:16,080 --> 00:03:18,560 Speaker 1: the wealthy, they play a different game. They leverage debt. 71 00:03:18,600 --> 00:03:20,480 Speaker 1: We're going to talk about that in a second. Now, 72 00:03:20,560 --> 00:03:22,960 Speaker 1: let's play this other clip of Dave Ramsey again. This 73 00:03:23,000 --> 00:03:25,720 Speaker 1: is traditional advice that tens of millions of people are following. 74 00:03:25,800 --> 00:03:26,640 Speaker 1: Let's play this clip. 75 00:03:27,080 --> 00:03:28,880 Speaker 2: The best thing I can do is get you to 76 00:03:28,960 --> 00:03:31,080 Speaker 2: save money. If I can get you to do your 77 00:03:31,160 --> 00:03:33,519 Speaker 2: roth iras, get you to do your four to one case, 78 00:03:33,560 --> 00:03:35,360 Speaker 2: get you out of debt so that you can do that, 79 00:03:35,720 --> 00:03:37,600 Speaker 2: Get your emergency fund in place so you don't go 80 00:03:37,640 --> 00:03:40,240 Speaker 2: and cash the stupid thing out once it's going. Keep 81 00:03:40,280 --> 00:03:43,080 Speaker 2: you investing in, investing in investing in investing in investing 82 00:03:43,080 --> 00:03:45,560 Speaker 2: in investing in investing in investing in investing. If I 83 00:03:45,640 --> 00:03:47,800 Speaker 2: can do that for you as your teacher, all. 84 00:03:47,760 --> 00:03:50,840 Speaker 1: Right, So what everyone's favorite wealth guru is saying is 85 00:03:50,920 --> 00:03:53,600 Speaker 1: just save, save, save. If I can tell one person 86 00:03:53,600 --> 00:03:55,640 Speaker 1: one thing, all you have to do is just save, save, 87 00:03:55,760 --> 00:03:58,440 Speaker 1: save forget everything else. Just save, save, save. Not just 88 00:03:58,440 --> 00:04:00,880 Speaker 1: saving your bank account. He's saying to save in either 89 00:04:00,920 --> 00:04:03,240 Speaker 1: an index fund like the S and P five hundred index, 90 00:04:03,680 --> 00:04:06,560 Speaker 1: or into mutual funds. Okay, so let's just take this 91 00:04:06,680 --> 00:04:09,600 Speaker 1: advice one, never use debt number two, save safe, save 92 00:04:09,760 --> 00:04:12,280 Speaker 1: number three, put it into S and P five hundred 93 00:04:12,560 --> 00:04:16,640 Speaker 1: or mutual funds. Why doesn't that work? Well, let me 94 00:04:16,680 --> 00:04:19,039 Speaker 1: show you why it doesn't work. Now. What happens is 95 00:04:20,160 --> 00:04:23,520 Speaker 1: you follow his vice, You work for forty years, you 96 00:04:23,600 --> 00:04:26,200 Speaker 1: save safe, save into your index fund or your mutual fund, 97 00:04:26,560 --> 00:04:30,320 Speaker 1: and on paper, when you look back forty years later 98 00:04:30,400 --> 00:04:32,320 Speaker 1: at your statements, you're like, oh my gosh, I'm rich. 99 00:04:32,360 --> 00:04:35,839 Speaker 1: I started with fifty thousand, now I have two million dollars, 100 00:04:36,400 --> 00:04:39,520 Speaker 1: five million dollars whatever. But I don't feel more rich. 101 00:04:39,760 --> 00:04:41,839 Speaker 1: Why does it feel like my quality of life actually 102 00:04:41,839 --> 00:04:44,279 Speaker 1: went down? And here's why. This is a chart showing 103 00:04:44,320 --> 00:04:46,240 Speaker 1: the S and P five hundred, your index fund, and 104 00:04:46,279 --> 00:04:48,880 Speaker 1: the global liquidity, or basically the amount of money that's 105 00:04:48,920 --> 00:04:50,840 Speaker 1: created in the world. What we can see here is 106 00:04:50,960 --> 00:04:53,320 Speaker 1: the orange line being global equity. The black line is 107 00:04:53,320 --> 00:04:55,000 Speaker 1: the S and P five hundred. And what you can 108 00:04:55,040 --> 00:04:58,800 Speaker 1: see is that the stock market the real estate market 109 00:04:58,839 --> 00:05:03,800 Speaker 1: are basically perfect proxies for inflation. As the money supply grows, 110 00:05:04,400 --> 00:05:06,000 Speaker 1: the S and P five hundred and your home goes 111 00:05:06,040 --> 00:05:09,200 Speaker 1: up in value at about the same rate. So on paper, 112 00:05:09,680 --> 00:05:11,640 Speaker 1: it looks like that, but you've heard the term like 113 00:05:11,800 --> 00:05:14,840 Speaker 1: it's a million dollars, but adjusted for inflation, it's really 114 00:05:14,920 --> 00:05:17,840 Speaker 1: twenty thousand, right, So what happens is it's going up 115 00:05:17,839 --> 00:05:19,240 Speaker 1: with the rate of inflation. Now this is the S 116 00:05:19,240 --> 00:05:21,440 Speaker 1: and P five hundred. Now you're getting the mutual funds 117 00:05:21,480 --> 00:05:23,640 Speaker 1: like the Ramsey talks about, and you're getting eaten in 118 00:05:23,720 --> 00:05:27,040 Speaker 1: live by fees. A lot of times, your advisor, your 119 00:05:27,120 --> 00:05:30,680 Speaker 1: fund administrator might get two thirds of the amount of 120 00:05:30,680 --> 00:05:34,039 Speaker 1: profit in fees and you get what's left over. So 121 00:05:34,080 --> 00:05:36,560 Speaker 1: that's why it doesn't work. Now I want to show 122 00:05:36,560 --> 00:05:38,520 Speaker 1: you one more chart, and we'll talk about what you 123 00:05:38,560 --> 00:05:40,760 Speaker 1: should be doing. But I want to show you another chart, 124 00:05:40,800 --> 00:05:43,080 Speaker 1: and this is the S and P five hundred. Now 125 00:05:43,080 --> 00:05:45,200 Speaker 1: it's adjusted. We can price the S and P five 126 00:05:45,240 --> 00:05:48,480 Speaker 1: hundred dollars or in bitcoin, or in oil or gold, 127 00:05:48,800 --> 00:05:51,080 Speaker 1: or you want it in or oranges or rice. And 128 00:05:51,120 --> 00:05:53,760 Speaker 1: this is priced in the basket of commodities, the CRB. 129 00:05:54,120 --> 00:05:56,839 Speaker 1: It's the biggest to most commonly use basket of commodities 130 00:05:56,960 --> 00:05:58,919 Speaker 1: real things. What we can see is the S and 131 00:05:58,920 --> 00:06:01,040 Speaker 1: P five hundred made a high here in the year 132 00:06:01,080 --> 00:06:04,560 Speaker 1: two thousand and as of today, it's never made a 133 00:06:04,560 --> 00:06:06,360 Speaker 1: new all time high. As a matter of fact, priced 134 00:06:06,360 --> 00:06:10,080 Speaker 1: in real things, commodities, things you need, it's down twenty 135 00:06:10,160 --> 00:06:13,520 Speaker 1: two percent since the year two thousand. That means the 136 00:06:13,560 --> 00:06:18,240 Speaker 1: price of commodities real things, rice, gold, oil, energy, things 137 00:06:18,680 --> 00:06:21,560 Speaker 1: have gone up. You've lost twenty two percent of your 138 00:06:21,560 --> 00:06:23,640 Speaker 1: prisoning power if you sat in the SFP of five 139 00:06:23,720 --> 00:06:28,119 Speaker 1: hundred versus what the cost of things are today. Not good. Now, again, 140 00:06:28,160 --> 00:06:30,920 Speaker 1: the wealthy have their own set of rules they play 141 00:06:30,960 --> 00:06:32,920 Speaker 1: with and they have a hack. And that's what we're 142 00:06:32,920 --> 00:06:35,919 Speaker 1: going to talk about today is the wealth hack. Okay, Now, 143 00:06:36,040 --> 00:06:39,680 Speaker 1: I call this the velocity of wealth. Now, this concept 144 00:06:39,760 --> 00:06:42,000 Speaker 1: is a concept I've taken from one that we use 145 00:06:42,000 --> 00:06:45,160 Speaker 1: in economics, and it's called the velocity of money. So 146 00:06:45,200 --> 00:06:48,479 Speaker 1: when you hear about economists talking about the economy, like 147 00:06:48,520 --> 00:06:51,600 Speaker 1: in the year twenty twenty, during the pandemic, the velocity 148 00:06:51,640 --> 00:06:54,040 Speaker 1: of money slowed down. That's the problem. They want to 149 00:06:54,080 --> 00:06:56,279 Speaker 1: get the velocity back up. So here's the velocity of money. 150 00:06:56,320 --> 00:06:59,760 Speaker 1: From an economic terms, the velocity of money is the 151 00:07:00,040 --> 00:07:04,600 Speaker 1: amount of money going through the GDP. So basically what 152 00:07:04,600 --> 00:07:07,520 Speaker 1: this means is the GDP is the gross domestic product 153 00:07:07,520 --> 00:07:10,760 Speaker 1: of the economy. It measures the economy how much productivity 154 00:07:10,800 --> 00:07:12,480 Speaker 1: or how much wealth is created in the economy. So 155 00:07:12,680 --> 00:07:15,960 Speaker 1: if I give one dollar to the tire repair shop guy, 156 00:07:16,160 --> 00:07:18,440 Speaker 1: and the tire repair shop goes and gives the dollar 157 00:07:18,480 --> 00:07:21,600 Speaker 1: to his supply guy, and the supply guy goes and 158 00:07:21,600 --> 00:07:24,920 Speaker 1: gives the dollar to the taco guy, well that's one, two, 159 00:07:25,200 --> 00:07:30,240 Speaker 1: three dollars of economicivity, three dollars of GDP, but only 160 00:07:30,640 --> 00:07:33,920 Speaker 1: one dollar actually went through that. So it measures how 161 00:07:33,960 --> 00:07:38,360 Speaker 1: fast one dollar moves through an economy. And for economists, again, 162 00:07:38,800 --> 00:07:41,840 Speaker 1: the faster a dollar moves to the economy, the better. Right, 163 00:07:41,880 --> 00:07:44,640 Speaker 1: when we're spending, spending, spending, those dollars are moving really fast, 164 00:07:44,760 --> 00:07:47,880 Speaker 1: that's good. During the pandemic, everybody hoardes, nobody spends, and 165 00:07:47,920 --> 00:07:51,880 Speaker 1: it slows down. That's really bad. So we use that concept, 166 00:07:52,120 --> 00:07:55,480 Speaker 1: but we can adopt it for our own wealth using 167 00:07:55,520 --> 00:07:57,680 Speaker 1: the velocity money. How fast can we get one dollar 168 00:07:57,880 --> 00:08:01,520 Speaker 1: to move through three, five, or ten investment. The slower 169 00:08:01,720 --> 00:08:04,600 Speaker 1: your money moves through your investments, the worse it is. 170 00:08:04,800 --> 00:08:07,760 Speaker 1: Just like in the economy now, the poor they use 171 00:08:07,800 --> 00:08:10,640 Speaker 1: money this way. The poor use money to do one 172 00:08:10,760 --> 00:08:14,400 Speaker 1: Job's what Dave Ramsey's telling you. Never use debt. Just save, 173 00:08:14,800 --> 00:08:17,880 Speaker 1: get one dollar, put it into account and leave it there. 174 00:08:18,000 --> 00:08:21,000 Speaker 1: Your dollar's doing one job. It's sitting in a fund, 175 00:08:21,200 --> 00:08:23,680 Speaker 1: and that's it. That's what the poor do. But the 176 00:08:23,720 --> 00:08:27,560 Speaker 1: wealthy they build wealth engines and they red those up 177 00:08:27,840 --> 00:08:31,920 Speaker 1: so they get their money. They build an engine, and 178 00:08:31,920 --> 00:08:34,480 Speaker 1: they're trying to get their wealth to go faster and 179 00:08:34,520 --> 00:08:37,960 Speaker 1: faster instead of doing the one job. Like Dave Ramsey's 180 00:08:37,960 --> 00:08:41,160 Speaker 1: talking about. All right, so what are these wealth engines? 181 00:08:41,200 --> 00:08:43,840 Speaker 1: And how can you build one? It's really not that 182 00:08:44,000 --> 00:08:46,440 Speaker 1: hard now if you really want to know how I'm 183 00:08:46,480 --> 00:08:48,480 Speaker 1: building these, and you can build out two, three or 184 00:08:48,520 --> 00:08:51,280 Speaker 1: four of these like right away, Like in months, I'm 185 00:08:51,280 --> 00:08:53,600 Speaker 1: going to be doing a three day live event. I'm 186 00:08:53,600 --> 00:08:56,120 Speaker 1: gonna be live in this studio for three full days 187 00:08:56,360 --> 00:08:59,000 Speaker 1: and I'm gonna be teaching you all the good stuff, 188 00:08:59,040 --> 00:09:02,240 Speaker 1: all the best on how to reclaim more of your time, 189 00:09:02,800 --> 00:09:06,120 Speaker 1: how to accelerate your wealth through these wealth assets and 190 00:09:06,200 --> 00:09:08,959 Speaker 1: these engines, and how to keep more of the wealth 191 00:09:09,000 --> 00:09:11,440 Speaker 1: that you create using some of these strategies. If you'd 192 00:09:11,480 --> 00:09:12,640 Speaker 1: like to come check it out. Like I said, I'll 193 00:09:12,679 --> 00:09:14,360 Speaker 1: be going live from this studio. I'm going to teach 194 00:09:14,600 --> 00:09:16,760 Speaker 1: all of this too. I'm not holding anything back. I'm 195 00:09:16,760 --> 00:09:18,800 Speaker 1: going to give it all to you, actual strategies. There's 196 00:09:18,840 --> 00:09:20,840 Speaker 1: a link down below or on the screen right here. 197 00:09:21,080 --> 00:09:23,240 Speaker 1: Check it out the Wealth Accelerator event. If you want 198 00:09:23,240 --> 00:09:26,840 Speaker 1: to accelerate wealth INN twenty twenty four, check out that event. Okay, Now, 199 00:09:27,080 --> 00:09:29,280 Speaker 1: let me give you three different terms that you need 200 00:09:29,280 --> 00:09:30,839 Speaker 1: to know, and then I'm going to actually draw some 201 00:09:30,840 --> 00:09:32,559 Speaker 1: them out for you. I show you some numbers. Okay. 202 00:09:32,640 --> 00:09:36,360 Speaker 1: So number one is leveraging assets. So we need leverage. 203 00:09:36,440 --> 00:09:38,280 Speaker 1: Lever is like if I have a lever long enough, 204 00:09:38,280 --> 00:09:40,880 Speaker 1: I can move the world. Leverage is like fire. It 205 00:09:40,880 --> 00:09:42,920 Speaker 1: can be dangerous, it can do great things, it can 206 00:09:42,960 --> 00:09:44,960 Speaker 1: be bad. So we have to learn about leveraging assets 207 00:09:45,040 --> 00:09:47,480 Speaker 1: number one. Number two we have to learn about arbitrage. 208 00:09:47,679 --> 00:09:50,040 Speaker 1: That means I can get something from one market and 209 00:09:50,080 --> 00:09:52,440 Speaker 1: take it to another market and make more money. I 210 00:09:52,480 --> 00:09:55,040 Speaker 1: can buy something here in the United States, drive it 211 00:09:55,040 --> 00:09:56,959 Speaker 1: down to Mexico and sell it for more money. Buy 212 00:09:57,000 --> 00:09:59,480 Speaker 1: in one market, selling I can buy on Aldi Baba 213 00:09:59,520 --> 00:10:01,400 Speaker 1: and China, and I can sell on Amazon in the 214 00:10:01,480 --> 00:10:04,280 Speaker 1: United States. So we want to learn out arbitrage, and 215 00:10:04,320 --> 00:10:06,800 Speaker 1: then we want to learn how to manage cash flows, 216 00:10:07,040 --> 00:10:10,920 Speaker 1: manage debt, and equity in our investments. So these are 217 00:10:11,080 --> 00:10:12,880 Speaker 1: the terms that we have to learn. Hopefully that makes 218 00:10:12,920 --> 00:10:14,600 Speaker 1: sense to you. Now, let me show you a couple 219 00:10:14,720 --> 00:10:16,800 Speaker 1: examples of how we can do this. So I'm going 220 00:10:16,880 --> 00:10:18,120 Speaker 1: to draw some out and then I'm going to show 221 00:10:18,120 --> 00:10:21,800 Speaker 1: you some actual data. So for example, I have one dollar. 222 00:10:22,920 --> 00:10:25,080 Speaker 1: Now I can take this dollar and I can put 223 00:10:25,080 --> 00:10:28,040 Speaker 1: it into an account that, let's say makes me five 224 00:10:28,120 --> 00:10:31,640 Speaker 1: percent forever. So as long as that dollar sits there, 225 00:10:31,679 --> 00:10:35,679 Speaker 1: it's making me five percent over time. So that dollar 226 00:10:35,720 --> 00:10:37,920 Speaker 1: is now doing one job. I'm making five percent, like 227 00:10:37,960 --> 00:10:40,640 Speaker 1: sitting in a treasury, like in a dividend stock. Okay, 228 00:10:40,679 --> 00:10:42,960 Speaker 1: but what if I wanted to go faster, Well, what 229 00:10:43,000 --> 00:10:45,800 Speaker 1: I could do is I could borrow that money out, 230 00:10:45,840 --> 00:10:50,120 Speaker 1: that one dollar back and to get that dollar back, 231 00:10:50,160 --> 00:10:52,880 Speaker 1: I have to pay interest. So let's say that I 232 00:10:53,000 --> 00:10:56,640 Speaker 1: have to pay five percent interest to borrow the money. 233 00:10:57,080 --> 00:11:01,240 Speaker 1: So I'm making five percent on the dollar. But then 234 00:11:01,280 --> 00:11:05,360 Speaker 1: when I borrow it, I also have to pay five percent. 235 00:11:05,400 --> 00:11:07,280 Speaker 1: And not only do I have to pay five percent interest, 236 00:11:08,400 --> 00:11:10,960 Speaker 1: I also have to pay back the principle of the 237 00:11:10,960 --> 00:11:15,000 Speaker 1: one dollar. But how would that make me any money? Well, 238 00:11:15,040 --> 00:11:19,360 Speaker 1: it's because the interest moves non interrupted and exponential, while 239 00:11:19,440 --> 00:11:21,959 Speaker 1: this moves linear. So that'd be job number one. I'm 240 00:11:21,960 --> 00:11:24,240 Speaker 1: gonna break this map down for you number two. Now 241 00:11:24,360 --> 00:11:26,839 Speaker 1: I have this money I've borrowed out, I can put 242 00:11:26,920 --> 00:11:29,600 Speaker 1: it into another asset. I could put it into a 243 00:11:29,600 --> 00:11:32,600 Speaker 1: piece of real estate that's making me, you know, somewhere 244 00:11:32,600 --> 00:11:36,559 Speaker 1: between eight to fifteen percent. I could put it into 245 00:11:36,600 --> 00:11:40,720 Speaker 1: an asset like bitcoin that's making me sixty percent. I 246 00:11:40,760 --> 00:11:44,480 Speaker 1: could put it into my business where I buy some 247 00:11:44,600 --> 00:11:47,200 Speaker 1: new equipment and that makes me one hundred percent. So 248 00:11:47,280 --> 00:11:50,800 Speaker 1: now I'm making five percent. I've got the money back out, 249 00:11:51,080 --> 00:11:53,360 Speaker 1: and now I'm in another asset making me sixty percent 250 00:11:53,800 --> 00:11:56,000 Speaker 1: or I e. Eight ten one hundred percent? Does that 251 00:11:56,040 --> 00:11:59,160 Speaker 1: make sense? Now I can keep going a small business owner? 252 00:11:59,240 --> 00:12:02,040 Speaker 1: Are you buried in all types of work, keeping you 253 00:12:02,080 --> 00:12:04,679 Speaker 1: from the real thing that makes you money. Well, that's 254 00:12:04,679 --> 00:12:06,679 Speaker 1: where just Works comes in. They're the all in one 255 00:12:06,720 --> 00:12:10,040 Speaker 1: platform that supports small business growth. You can get all 256 00:12:10,120 --> 00:12:13,320 Speaker 1: their tools that help with benefits like payroll and HR 257 00:12:13,440 --> 00:12:17,480 Speaker 1: and compliance with transparent pricing. Now they help you hire 258 00:12:17,520 --> 00:12:22,200 Speaker 1: top talent internationally, internew markets, quickly scale international operations without 259 00:12:22,200 --> 00:12:25,280 Speaker 1: the workload and forevery how do I do it? Question? 260 00:12:25,440 --> 00:12:27,800 Speaker 1: You can reach out to their expert staff from sole 261 00:12:27,880 --> 00:12:31,760 Speaker 1: proprietor or a team of twenty. Just Works empowers all 262 00:12:31,840 --> 00:12:35,600 Speaker 1: kinds of small businesses with real human support. So visit 263 00:12:35,800 --> 00:12:39,360 Speaker 1: justworks dot com slash podcast to join the thousands of 264 00:12:39,360 --> 00:12:43,280 Speaker 1: small businesses that trust just Works to take care of payroll, benefits, 265 00:12:43,440 --> 00:12:48,200 Speaker 1: compliance and more. Again that's Justworks dot com slash podcast. 266 00:12:49,200 --> 00:12:51,640 Speaker 1: So now I put into bitcoin, I borrow it out, 267 00:12:52,120 --> 00:12:55,600 Speaker 1: and then I put it into my business. That business 268 00:12:55,600 --> 00:12:57,559 Speaker 1: now makes me money, and I put it into real estate. 269 00:12:57,760 --> 00:12:59,720 Speaker 1: So we can mix and match and we can stack 270 00:12:59,760 --> 00:13:02,679 Speaker 1: these as. Now, the order in which we stack them 271 00:13:02,760 --> 00:13:05,480 Speaker 1: is very important, because some of them get me better 272 00:13:05,600 --> 00:13:08,520 Speaker 1: tax treatment. Some of them are more liquid, and we'll 273 00:13:08,520 --> 00:13:10,160 Speaker 1: talk about that. But let me show you a couple 274 00:13:10,320 --> 00:13:14,400 Speaker 1: examples so you can understand how the numbers work, because 275 00:13:14,440 --> 00:13:16,600 Speaker 1: I get it like this sounds really weird, So let 276 00:13:16,640 --> 00:13:19,520 Speaker 1: me give you an actual example. So if I were 277 00:13:19,559 --> 00:13:22,000 Speaker 1: to take one dollar and put it in an account 278 00:13:22,040 --> 00:13:24,520 Speaker 1: and earn five percent, Okay, now we're going to use 279 00:13:24,640 --> 00:13:28,440 Speaker 1: fifty thousand. And if I put fifty thousand into account, 280 00:13:28,520 --> 00:13:32,040 Speaker 1: that's earning five percent, but it's compounding, so it's earning 281 00:13:32,120 --> 00:13:34,440 Speaker 1: interest on the interest on the interest of year. And 282 00:13:34,440 --> 00:13:36,640 Speaker 1: I'm gonna let that fifty thousand sit in account for 283 00:13:36,679 --> 00:13:40,240 Speaker 1: only seven years, not that long seven years, that fifty 284 00:13:40,280 --> 00:13:46,079 Speaker 1: thousand turns into sixty seven thousand dollars. Now, as soon 285 00:13:46,120 --> 00:13:48,040 Speaker 1: as I put the fifty thousand in the account, I 286 00:13:48,200 --> 00:13:51,520 Speaker 1: also borrowed the fifty thousand back out, and I'm paying 287 00:13:51,600 --> 00:13:55,120 Speaker 1: five percent and I'm earning five percent. But here's what happens. 288 00:13:55,160 --> 00:13:57,040 Speaker 1: I'm not only am I again paying the interest, I'm 289 00:13:57,080 --> 00:13:59,760 Speaker 1: paying the debt back. So over the same seventy two 290 00:13:59,800 --> 00:14:03,360 Speaker 1: months period, I've now paid the fifty thousand dollars back, 291 00:14:03,679 --> 00:14:06,360 Speaker 1: but it cost me money. So about fifty thousand now 292 00:14:06,480 --> 00:14:10,080 Speaker 1: cost me fifty seven thousand, nine hundred and seventy seven dollars, 293 00:14:10,200 --> 00:14:12,880 Speaker 1: So it cost me seven thousand dollars in interest, plus 294 00:14:12,920 --> 00:14:15,840 Speaker 1: I paid the fifty thousand back and now at the 295 00:14:15,960 --> 00:14:18,760 Speaker 1: end of the seven years, I have a net gain 296 00:14:19,040 --> 00:14:21,600 Speaker 1: of almost ten thousand dollars. As a matter of fact, 297 00:14:21,640 --> 00:14:25,120 Speaker 1: it's nine thousand and twenty seven dollars. So by doing this, 298 00:14:25,600 --> 00:14:28,840 Speaker 1: by if I put fifty thousand in, made five borrowed 299 00:14:28,880 --> 00:14:31,640 Speaker 1: it back out, I came up nine thousand, almost ten 300 00:14:31,720 --> 00:14:34,680 Speaker 1: thousand dollars difference. Now this is a picture that I 301 00:14:34,680 --> 00:14:37,120 Speaker 1: put on Instagram and Twitter just about a week ago. 302 00:14:37,360 --> 00:14:40,280 Speaker 1: This is my daughter. A Happy birthday to my daughter. 303 00:14:40,320 --> 00:14:41,800 Speaker 1: I went and I got her a new car, and 304 00:14:41,840 --> 00:14:43,680 Speaker 1: I had option one. The reason why I put fifty 305 00:14:43,760 --> 00:14:46,040 Speaker 1: thousand is it was a new Bronco and I had 306 00:14:46,080 --> 00:14:49,080 Speaker 1: option one. Should I pay cash for the car? I 307 00:14:49,120 --> 00:14:51,240 Speaker 1: have no debt, I have no interest, like Dave Ramsey 308 00:14:51,240 --> 00:14:54,600 Speaker 1: would recommend. Or I could take the fifty thousand dollars 309 00:14:55,600 --> 00:14:58,080 Speaker 1: and buy something else with it and then instead get 310 00:14:58,080 --> 00:15:00,480 Speaker 1: a loan for the car. So the dealer offered me 311 00:15:00,520 --> 00:15:02,920 Speaker 1: as I said, zero down, four point nine percent interest 312 00:15:02,960 --> 00:15:06,640 Speaker 1: for five years. So why not borrow that and pay 313 00:15:06,640 --> 00:15:09,400 Speaker 1: the interest five percent? This is a real example and 314 00:15:09,480 --> 00:15:12,360 Speaker 1: instead buy an asset that's going up by more than 315 00:15:12,400 --> 00:15:15,720 Speaker 1: five percent, like bitcoin. So that's what we did. I 316 00:15:15,800 --> 00:15:17,240 Speaker 1: went ahead and did that, and let me show you 317 00:15:17,280 --> 00:15:20,680 Speaker 1: some math of how this works, an actual real example 318 00:15:21,560 --> 00:15:23,800 Speaker 1: if we start stacking these. So now I have the 319 00:15:23,840 --> 00:15:26,520 Speaker 1: initial investment of fifty thousand, It goes into an account 320 00:15:26,520 --> 00:15:31,440 Speaker 1: earning five percent. Right now, I borrow the fifty thousand 321 00:15:31,560 --> 00:15:33,800 Speaker 1: back at five percent rate. So now I have the 322 00:15:33,840 --> 00:15:37,240 Speaker 1: fifty thousand back, and then I invest the borrowed fifty 323 00:15:37,240 --> 00:15:40,240 Speaker 1: thousand into Bitcoin. So I'm putting it into Bitcoin assuming 324 00:15:40,240 --> 00:15:43,120 Speaker 1: that it's going to go by fifty percent per year. 325 00:15:43,160 --> 00:15:45,080 Speaker 1: Now it's been going up by sixty percent a year 326 00:15:45,080 --> 00:15:47,040 Speaker 1: over the last four years. It's going to four thousand 327 00:15:47,080 --> 00:15:48,480 Speaker 1: percent a year if I go back further. But just 328 00:15:48,520 --> 00:15:50,520 Speaker 1: the last four years has gone up about sixty percent. 329 00:15:50,760 --> 00:15:53,440 Speaker 1: So let's take it down to fifty percent. So then 330 00:15:53,480 --> 00:15:55,480 Speaker 1: I purchase a fifty thousand dark car with a loan 331 00:15:55,520 --> 00:15:58,200 Speaker 1: at five percent interest rate advertise over the five years. 332 00:15:58,200 --> 00:16:01,080 Speaker 1: So it's what I did, breaking down the math for you. Now, 333 00:16:01,120 --> 00:16:03,640 Speaker 1: the interest rates and investment returns remain constant over this 334 00:16:03,680 --> 00:16:07,480 Speaker 1: investment period. Loan payments are made monthly compound and investment 335 00:16:07,480 --> 00:16:10,720 Speaker 1: returns occur only. So this is what I'm expecting over 336 00:16:10,760 --> 00:16:13,360 Speaker 1: the course of five years and how this works out. 337 00:16:13,720 --> 00:16:15,560 Speaker 1: So what we do now is we have our money 338 00:16:15,640 --> 00:16:18,520 Speaker 1: doing multiple jobs and you can see that our net 339 00:16:18,600 --> 00:16:24,840 Speaker 1: gain is now almost seven hundred thousand dollars. So Option one, 340 00:16:25,240 --> 00:16:27,040 Speaker 1: I could have paid cash for the car. I had 341 00:16:27,080 --> 00:16:28,440 Speaker 1: the cash, I could have done that. That's what Dave 342 00:16:28,480 --> 00:16:31,360 Speaker 1: Ramsey would tell you do. Option two. I put the 343 00:16:31,360 --> 00:16:34,520 Speaker 1: money in, I borrowed it back out. I borrowed the money, 344 00:16:34,640 --> 00:16:37,000 Speaker 1: I put it into another asset. And now we're talking 345 00:16:37,040 --> 00:16:40,800 Speaker 1: a difference of about seven hundred thousand dollars. Let me 346 00:16:40,840 --> 00:16:44,560 Speaker 1: break down how that math works for you. So the 347 00:16:44,600 --> 00:16:46,880 Speaker 1: financial outcomes in this given scenario, the future value of 348 00:16:46,880 --> 00:16:49,800 Speaker 1: account number one. I put the fifty thousand in, I'm 349 00:16:49,800 --> 00:16:52,200 Speaker 1: e running five percent compound, and we'll growthreate over six 350 00:16:52,240 --> 00:16:55,240 Speaker 1: years I pay, I earn that fifty thousand goes into 351 00:16:55,240 --> 00:16:58,760 Speaker 1: sixty seven thousand dollars. The future value of bitcoin investments 352 00:16:58,760 --> 00:17:01,360 Speaker 1: at the fifty percent compound an a growth rate is 353 00:17:01,360 --> 00:17:04,760 Speaker 1: now five hundred and sixty total repayment for the loan 354 00:17:05,040 --> 00:17:06,840 Speaker 1: the fifty k five percent interest because I have to 355 00:17:06,840 --> 00:17:09,040 Speaker 1: pay that money back that I borrowed cost me a 356 00:17:09,040 --> 00:17:12,000 Speaker 1: fifty seven thousand or seven thousand interests. The total repayment 357 00:17:12,000 --> 00:17:14,640 Speaker 1: of loan number two, the car forty K ten percent 358 00:17:14,680 --> 00:17:17,280 Speaker 1: interest to for five years is fifty thousand, but the 359 00:17:17,320 --> 00:17:21,000 Speaker 1: net gain is now over half a million dollars. I 360 00:17:21,080 --> 00:17:23,840 Speaker 1: have to pay the debt back half a million dollars. 361 00:17:23,880 --> 00:17:26,480 Speaker 1: I'm ahead instead of just paying cash for the car. 362 00:17:27,240 --> 00:17:29,840 Speaker 1: Do you see how this works? Now, this is only 363 00:17:29,840 --> 00:17:33,760 Speaker 1: going to two jobs or three jobs, but imagine when 364 00:17:33,760 --> 00:17:37,119 Speaker 1: I go to four jobs, five jobs, six jobs, seven jobs, 365 00:17:37,320 --> 00:17:40,520 Speaker 1: ten jobs. You can see how instead of buying cash 366 00:17:40,560 --> 00:17:43,159 Speaker 1: like Dave Rams said, for a fifty car, now I 367 00:17:43,160 --> 00:17:46,640 Speaker 1: could have six hundred thousand, eight hundred thousand, a million 368 00:17:46,680 --> 00:17:49,879 Speaker 1: dollars very easily. And we haven't even got into the 369 00:17:49,960 --> 00:17:52,640 Speaker 1: tax of benefits of doing this now. Really, this takes 370 00:17:52,640 --> 00:17:55,760 Speaker 1: into a couple things into account. Number one, the law 371 00:17:55,840 --> 00:17:59,040 Speaker 1: of compounding. It's why I can put fifty thousand and 372 00:17:59,080 --> 00:18:02,760 Speaker 1: pay and earn five percent, borrow fifty thousand and pay 373 00:18:02,800 --> 00:18:06,280 Speaker 1: five percent, but still come out ahead because of the compound, 374 00:18:06,359 --> 00:18:08,280 Speaker 1: which means I earn on top of what I earn 375 00:18:08,359 --> 00:18:09,720 Speaker 1: on top of what I earn on top of what 376 00:18:09,720 --> 00:18:12,720 Speaker 1: I earn. It's what Einstein called the eighth wonder of 377 00:18:12,760 --> 00:18:15,040 Speaker 1: the world. He said, those who know what it is 378 00:18:15,800 --> 00:18:17,800 Speaker 1: receive it, and those who don't know what it is 379 00:18:18,320 --> 00:18:20,160 Speaker 1: they pay it. Now you don't want to be paying it, 380 00:18:20,240 --> 00:18:23,159 Speaker 1: so it's nonlinear. Most people think wealth grows like this. 381 00:18:23,520 --> 00:18:26,840 Speaker 1: Instead it's exponential and even better, all of this is 382 00:18:26,960 --> 00:18:30,040 Speaker 1: tax advantage. You see, when I took Dave Ramsey's device 383 00:18:30,080 --> 00:18:32,000 Speaker 1: and paid the fifty thousand for the car, I had 384 00:18:32,000 --> 00:18:34,080 Speaker 1: to pay tax on that money. So in California, I 385 00:18:34,119 --> 00:18:37,920 Speaker 1: needed one hundred thousand dollars pay the tax on fifty thousand, 386 00:18:37,960 --> 00:18:39,879 Speaker 1: and I have fifty thousand left over. But in the 387 00:18:39,960 --> 00:18:42,719 Speaker 1: other example, every time I get the money back, I 388 00:18:42,760 --> 00:18:46,320 Speaker 1: don't have to pay tax. So now my money's growing 389 00:18:46,359 --> 00:18:49,480 Speaker 1: faster and faster and faster. Now I already know what 390 00:18:49,480 --> 00:18:51,119 Speaker 1: you're saying. I can hear the grumbling. You guys are 391 00:18:51,119 --> 00:18:54,399 Speaker 1: already leaving comments before I've even gotten there. But Mark, Mark, 392 00:18:54,640 --> 00:18:58,160 Speaker 1: isn't this super risky? It sounds really risky. I mean, 393 00:18:58,359 --> 00:19:01,280 Speaker 1: what if I can't afford to pay, and what if 394 00:19:01,359 --> 00:19:03,200 Speaker 1: the value of the real estate or the business or 395 00:19:03,240 --> 00:19:06,800 Speaker 1: the bitcoin goes down and what if it sounds really risky, Mark, 396 00:19:07,160 --> 00:19:10,520 Speaker 1: Sure it is risky, but here's what I have to 397 00:19:10,520 --> 00:19:13,720 Speaker 1: say about that. We understand what the risk is, we 398 00:19:13,960 --> 00:19:16,840 Speaker 1: understand the potential risk that could pose to us, and 399 00:19:16,880 --> 00:19:19,240 Speaker 1: then we learn to mitigate those risks. It's what I 400 00:19:19,280 --> 00:19:23,400 Speaker 1: say that the risk is in the investor, not the investment. 401 00:19:23,560 --> 00:19:25,760 Speaker 1: Let me give you an example here. If someone asked 402 00:19:25,800 --> 00:19:27,480 Speaker 1: me I'm a surfer, they say, hey, Mark, what's the 403 00:19:27,480 --> 00:19:29,919 Speaker 1: best wave I should surf? I'd say, well, Pipeline and 404 00:19:29,920 --> 00:19:32,560 Speaker 1: Hawaii is the best wave. But here's the thing. If 405 00:19:32,600 --> 00:19:36,320 Speaker 1: you've never surf before, you certainly should not go out there, right, 406 00:19:36,359 --> 00:19:38,439 Speaker 1: You'll probably die. But yet there's hundreds of people out 407 00:19:38,440 --> 00:19:40,440 Speaker 1: there every day that don't die. It's because they've learned 408 00:19:40,440 --> 00:19:42,600 Speaker 1: how to mitigate the risk. They've learned how to hold 409 00:19:42,640 --> 00:19:45,000 Speaker 1: their breath for a long period of time. They go 410 00:19:45,040 --> 00:19:48,200 Speaker 1: out there with safety equipment of a vest and a helmet. 411 00:19:48,440 --> 00:19:50,359 Speaker 1: They may bring a partner out there on a jet ski. 412 00:19:50,600 --> 00:19:52,680 Speaker 1: They've also worked their way up from when waves are 413 00:19:52,680 --> 00:19:54,800 Speaker 1: tiny all the way to big over years and years 414 00:19:54,840 --> 00:19:57,000 Speaker 1: and years. So they learn how to manage these situations. 415 00:19:57,240 --> 00:19:59,720 Speaker 1: And so are these things risky? They do carry risk, 416 00:20:00,040 --> 00:20:03,160 Speaker 1: you can learn to mitigate them. So, for example, number one, 417 00:20:03,800 --> 00:20:06,840 Speaker 1: if you have debt, that means there's probably payments, and 418 00:20:06,840 --> 00:20:08,040 Speaker 1: so you can sure how am I going to make 419 00:20:08,040 --> 00:20:09,560 Speaker 1: those payments. There's a couple of ways that you can 420 00:20:09,600 --> 00:20:12,159 Speaker 1: do this. Number One, you should have income, so you 421 00:20:12,160 --> 00:20:15,200 Speaker 1: should have a job covering that covering that income. Number Two, 422 00:20:15,440 --> 00:20:17,800 Speaker 1: when you borrow money, you could borrow more than you 423 00:20:17,920 --> 00:20:20,840 Speaker 1: need to put into the interest serve account. So for example, 424 00:20:21,480 --> 00:20:23,359 Speaker 1: when I was building real estate, I built this building 425 00:20:23,400 --> 00:20:25,879 Speaker 1: that we're in here right now, I would borrow hard money. 426 00:20:26,000 --> 00:20:27,879 Speaker 1: The bank would give me a million dollars or in 427 00:20:27,920 --> 00:20:30,680 Speaker 1: this case, like seven million dollars to build this. Now 428 00:20:30,720 --> 00:20:33,199 Speaker 1: I couldn't make the payment on the seven million for 429 00:20:33,240 --> 00:20:35,720 Speaker 1: a year, so I'd borrow extra money that I would need, 430 00:20:35,840 --> 00:20:37,840 Speaker 1: and that money would sit into what's called an interest 431 00:20:37,880 --> 00:20:39,879 Speaker 1: reserve account, and then they would just pull from the 432 00:20:39,880 --> 00:20:42,560 Speaker 1: interest of account directly to make the loan. So there's 433 00:20:42,640 --> 00:20:45,080 Speaker 1: ways that we can mitigate this. And these are the 434 00:20:45,080 --> 00:20:47,440 Speaker 1: strategies that you have to grow into. Now. The goal 435 00:20:47,560 --> 00:20:51,119 Speaker 1: is not to just go from one to ten investments overnight, 436 00:20:51,359 --> 00:20:54,159 Speaker 1: but if you take the right strategy, you implement the 437 00:20:54,200 --> 00:20:56,399 Speaker 1: right way, and you account for the risks, then you 438 00:20:56,440 --> 00:21:01,080 Speaker 1: can manage this properly. Now, this really is about do 439 00:21:01,160 --> 00:21:03,480 Speaker 1: I want to play the game because I like to 440 00:21:03,480 --> 00:21:05,880 Speaker 1: play the game, or am I playing to win the game? 441 00:21:06,119 --> 00:21:07,960 Speaker 1: There's a big difference in that, And what I would 442 00:21:08,000 --> 00:21:09,800 Speaker 1: say is that this is if you want to play 443 00:21:09,840 --> 00:21:11,560 Speaker 1: to win, if you want to be like Dave Ramsey 444 00:21:11,600 --> 00:21:13,639 Speaker 1: and work in a cubicle for forty years and get 445 00:21:13,640 --> 00:21:16,640 Speaker 1: your two weeks offcation and save without ever taking dead 446 00:21:16,680 --> 00:21:18,679 Speaker 1: and put that money into an account like the S 447 00:21:18,680 --> 00:21:20,159 Speaker 1: and P five hundred that I showed you, is not 448 00:21:20,200 --> 00:21:22,960 Speaker 1: actually making you any more wealthy. You can play the game, 449 00:21:23,359 --> 00:21:25,200 Speaker 1: that's what most people do. But if you want to 450 00:21:25,240 --> 00:21:27,560 Speaker 1: play to win the game, most people could win the 451 00:21:27,560 --> 00:21:31,639 Speaker 1: game being financially free in less than ten years. And 452 00:21:31,720 --> 00:21:33,639 Speaker 1: the thing is is that I think it was Bill Gates. 453 00:21:33,640 --> 00:21:36,240 Speaker 1: He said that most of us tend to overestimate what 454 00:21:36,359 --> 00:21:39,040 Speaker 1: we can get done in a year, but we underestimate 455 00:21:39,040 --> 00:21:41,320 Speaker 1: what we can get done in ten. And that's exactly 456 00:21:41,359 --> 00:21:43,840 Speaker 1: what I'm talking about. So right now everyone's chasing meme 457 00:21:43,960 --> 00:21:48,280 Speaker 1: stocks or crypto coins or option strategy. I need to 458 00:21:48,320 --> 00:21:52,760 Speaker 1: get rich in six months, and they don't instead of thinking, hey, 459 00:21:52,840 --> 00:21:55,520 Speaker 1: if I start building this type of a strategy today, 460 00:21:56,000 --> 00:21:58,960 Speaker 1: in probably four or five six years, I could achieve 461 00:21:59,000 --> 00:22:03,040 Speaker 1: my goal. And this is taking this long term advantage because, 462 00:22:03,040 --> 00:22:06,880 Speaker 1: as this said, the game is exponential. It might start small, 463 00:22:07,400 --> 00:22:09,840 Speaker 1: but then it starts growing really really fast when you 464 00:22:09,840 --> 00:22:13,719 Speaker 1: build this wealth engine and the engines start going faster 465 00:22:13,800 --> 00:22:15,959 Speaker 1: and faster and faster. Enough. This sounds complicated, it's not, 466 00:22:16,440 --> 00:22:18,840 Speaker 1: but there's a lot of intricacies as to how you 467 00:22:18,840 --> 00:22:21,720 Speaker 1: would apply this based off of your skill set which 468 00:22:21,720 --> 00:22:23,840 Speaker 1: you have experience in, and how you mitigate the risk 469 00:22:23,920 --> 00:22:26,840 Speaker 1: based off your personal circumstances. So if you'd like to 470 00:22:26,920 --> 00:22:29,680 Speaker 1: learn more about how to build these how the wealthy 471 00:22:29,720 --> 00:22:31,600 Speaker 1: do this, then come check out my live event. It's 472 00:22:31,640 --> 00:22:35,800 Speaker 1: called the Wealth Accelerator. It's about kicking off twenty twenty five. Right, 473 00:22:35,840 --> 00:22:38,080 Speaker 1: We're going to talk about reclaiming more of your time 474 00:22:38,280 --> 00:22:41,439 Speaker 1: almost instantly. I want keeping more of the wealth that 475 00:22:41,520 --> 00:22:43,679 Speaker 1: you create instead of giving so much way to taxes. 476 00:22:43,920 --> 00:22:45,719 Speaker 1: Then once you have more time and you have more income, 477 00:22:46,119 --> 00:22:49,120 Speaker 1: then how do I multiply that wealth using wealth ins 478 00:22:49,160 --> 00:22:51,840 Speaker 1: and strategies just like this to make twenty twenty five 479 00:22:51,880 --> 00:22:54,120 Speaker 1: and really hit your goals before twenty thirty. Check it out. 480 00:22:54,119 --> 00:22:55,360 Speaker 1: There's a link down below if you'd like to come 481 00:22:55,440 --> 00:22:59,280 Speaker 1: check it out. Otherwise, take this information, use it. You 482 00:22:59,320 --> 00:23:01,119 Speaker 1: can listen to Day of Ramsey, but you'll end up 483 00:23:01,160 --> 00:23:03,919 Speaker 1: like everybody else. If you want to go somewhere different, 484 00:23:04,359 --> 00:23:07,040 Speaker 1: you gotta use different strategies, all right, That's what I got. 485 00:23:07,080 --> 00:23:08,280 Speaker 1: Let me know what you think about this down on 486 00:23:08,320 --> 00:23:10,640 Speaker 1: the comments down below. Is it too risky or can 487 00:23:10,680 --> 00:23:13,119 Speaker 1: you mitigate that risk? Say yes or no down below, 488 00:23:13,320 --> 00:23:14,840 Speaker 1: And that's what I got. All right, to your success, 489 00:23:15,800 --> 00:23:16,160 Speaker 1: I'm out.