1 00:00:00,480 --> 00:00:03,080 Speaker 1: The rich don't work harder than you. They just use 2 00:00:03,160 --> 00:00:06,680 Speaker 1: money differently. Now, most people invest once, but the one 3 00:00:06,760 --> 00:00:10,360 Speaker 1: percent they use the same dollar three, five, and even 4 00:00:10,480 --> 00:00:13,480 Speaker 1: ten times without working more. I know because I've been 5 00:00:13,520 --> 00:00:16,959 Speaker 1: on both sides. I built multiple businesses, sold them, and 6 00:00:17,000 --> 00:00:19,480 Speaker 1: put everything into real estate at twenty eight years old, 7 00:00:19,520 --> 00:00:21,880 Speaker 1: thinking I was set for life. But when the two 8 00:00:21,920 --> 00:00:26,079 Speaker 1: thousand and eight Great Financial Crash happened, I lost almost everything. 9 00:00:26,400 --> 00:00:29,000 Speaker 1: That's when I learned the hard way how the wealthy 10 00:00:29,080 --> 00:00:32,600 Speaker 1: actually used money. And once I applied their strategies, my 11 00:00:32,680 --> 00:00:35,920 Speaker 1: wealth grew five times even ten times faster. So today 12 00:00:36,120 --> 00:00:38,479 Speaker 1: I want to show you exactly how they do it 13 00:00:38,680 --> 00:00:41,440 Speaker 1: so you can start stacking your wealth just like the 14 00:00:41,479 --> 00:00:44,040 Speaker 1: top one percent. I'm going to break down the math. 15 00:00:44,159 --> 00:00:46,680 Speaker 1: I'm going to show you real world examples that you 16 00:00:46,720 --> 00:00:50,120 Speaker 1: could do this year to make five hundred percent more 17 00:00:50,159 --> 00:00:53,279 Speaker 1: on your money with just three simple moves, and by 18 00:00:53,320 --> 00:00:55,840 Speaker 1: the end you're going to see exactly why most people 19 00:00:56,120 --> 00:00:59,600 Speaker 1: stay broke while the top one percent keep getting richer. 20 00:00:59,840 --> 00:01:02,600 Speaker 1: This is not about working harder, it's about using your 21 00:01:02,600 --> 00:01:05,600 Speaker 1: money differently. But before I show you the system, you 22 00:01:05,680 --> 00:01:09,560 Speaker 1: need to understand the three money mindsets. Because if you 23 00:01:09,600 --> 00:01:13,199 Speaker 1: don't get this part right, you'll never build lasting wealth. 24 00:01:13,360 --> 00:01:17,959 Speaker 1: So let's go Okay, most people follow the same broken 25 00:01:18,000 --> 00:01:21,199 Speaker 1: formula for money, because we've all been taught the same 26 00:01:21,400 --> 00:01:24,600 Speaker 1: wrong things. You know, go to school, get a good job, 27 00:01:24,880 --> 00:01:27,880 Speaker 1: save for retirement, you know, for forty years, and then 28 00:01:28,160 --> 00:01:31,000 Speaker 1: hope that there's enough money to retire one day. Well, 29 00:01:31,080 --> 00:01:35,120 Speaker 1: unfortunately we can see that this doesn't work because today 30 00:01:35,480 --> 00:01:38,039 Speaker 1: half of the baby boomers that are facing retirement have 31 00:01:38,480 --> 00:01:42,160 Speaker 1: no savings, and of those that do, the average balance 32 00:01:42,480 --> 00:01:45,560 Speaker 1: is just about one hundred thousand dollars. Now, one hundred 33 00:01:45,560 --> 00:01:48,000 Speaker 1: thousand dollars is not going to be enough to retire. 34 00:01:48,480 --> 00:01:51,720 Speaker 1: The problem, that's not how the one percent build wealth. 35 00:01:52,200 --> 00:01:54,720 Speaker 1: The traditional model tells you, you know, to work hard, 36 00:01:55,080 --> 00:01:57,480 Speaker 1: save money, invest in in your four to one k, 37 00:01:57,760 --> 00:02:01,280 Speaker 1: you know, invest in your house, which it sounds smart, right, 38 00:02:01,440 --> 00:02:04,120 Speaker 1: that's what Dave Ramsey tells us. But here's the problem. 39 00:02:04,400 --> 00:02:07,920 Speaker 1: Your money only does one job. You put a dollar 40 00:02:07,960 --> 00:02:11,520 Speaker 1: into the stock market, it's locked up. You buy real estate, 41 00:02:11,880 --> 00:02:14,480 Speaker 1: the money is tied down until you sell the house. 42 00:02:14,720 --> 00:02:18,440 Speaker 1: But the rich, they don't let their money sit. They 43 00:02:18,440 --> 00:02:22,600 Speaker 1: put it to work in multiple places at the same time. 44 00:02:23,040 --> 00:02:26,680 Speaker 1: That's why they get rich faster and they stay rich longer. Now, 45 00:02:26,680 --> 00:02:29,640 Speaker 1: if you're only using your money once, you're already going 46 00:02:29,720 --> 00:02:32,160 Speaker 1: to be behind. It's why most people spend their entire 47 00:02:32,200 --> 00:02:35,919 Speaker 1: lives working only to end up broke. Anyway, Now, let 48 00:02:35,919 --> 00:02:38,520 Speaker 1: me show you why that happens and how the one 49 00:02:38,520 --> 00:02:40,959 Speaker 1: percent do it differently. Okay, so here's what most people 50 00:02:41,040 --> 00:02:44,639 Speaker 1: don't realize. It's not how much money you make that matters, 51 00:02:45,000 --> 00:02:47,600 Speaker 1: it's how you use the money. Now you can make 52 00:02:47,760 --> 00:02:50,600 Speaker 1: ten dollars an hour, you can make ten thousand an hour, 53 00:02:50,919 --> 00:02:53,760 Speaker 1: and if you have the wrong money mindset, you're still 54 00:02:53,760 --> 00:02:55,839 Speaker 1: gonna end up broke. Because at the end of the day, 55 00:02:56,280 --> 00:02:59,400 Speaker 1: there are really just three types of people, and only 56 00:02:59,480 --> 00:03:02,600 Speaker 1: one of them builds lasting wealth. Now, the first group 57 00:03:02,880 --> 00:03:06,320 Speaker 1: is the poor mindset group, and they see money as 58 00:03:06,320 --> 00:03:09,680 Speaker 1: something that they need just to survive. Right, they work, 59 00:03:10,080 --> 00:03:13,080 Speaker 1: they get paid, and then every dollar they make just 60 00:03:13,200 --> 00:03:16,880 Speaker 1: disappears immediately, and that's just to cover their rent, their food, 61 00:03:17,000 --> 00:03:20,000 Speaker 1: and their basic expenses. And then the way they use 62 00:03:20,080 --> 00:03:22,720 Speaker 1: credits differently, because when they don't make enough money, then 63 00:03:22,760 --> 00:03:26,280 Speaker 1: they rely on credit just to survive. Now, the problem 64 00:03:26,360 --> 00:03:29,520 Speaker 1: with this is it creates a permanent cycle, because every 65 00:03:29,520 --> 00:03:33,000 Speaker 1: month they're starting at zero or worse, they're falling further 66 00:03:33,040 --> 00:03:36,600 Speaker 1: into debt. Now, this isn't an income problem, it's a 67 00:03:36,680 --> 00:03:40,400 Speaker 1: money mindset problem, because even if they suddenly make more money, 68 00:03:40,560 --> 00:03:43,440 Speaker 1: they'd still be in the same trap, spending every dollar 69 00:03:43,720 --> 00:03:46,120 Speaker 1: as soon as they get it. Now, the second group, 70 00:03:46,480 --> 00:03:48,960 Speaker 1: this is what I call them middle class mindset, and 71 00:03:49,000 --> 00:03:52,320 Speaker 1: it's different, right, but it's just as dangerous. Now. They 72 00:03:52,360 --> 00:03:55,600 Speaker 1: don't think about wealth. They think about comfort. And here's 73 00:03:55,640 --> 00:03:58,080 Speaker 1: why this is dangerous. No matter how much they make, 74 00:03:58,400 --> 00:04:02,680 Speaker 1: they're still stuck because every time their income increases, they're 75 00:04:02,760 --> 00:04:05,760 Speaker 1: spending increases with it. This is why sixty percent of 76 00:04:05,760 --> 00:04:09,240 Speaker 1: those making one hundred thousand dollars salary report still living 77 00:04:09,360 --> 00:04:13,200 Speaker 1: paycheck to paycheck. They look rich, but they have no 78 00:04:13,400 --> 00:04:16,640 Speaker 1: real wealth. All right. Now, the way they use credit 79 00:04:16,720 --> 00:04:19,960 Speaker 1: is also different as well. So they use credit to 80 00:04:20,360 --> 00:04:24,760 Speaker 1: increase their lifestyle by the bigger houses, by the bigger cars. 81 00:04:24,960 --> 00:04:26,880 Speaker 1: All right. Now that we understand that, let's talk about 82 00:04:26,880 --> 00:04:29,920 Speaker 1: the third group. All right, This is the wealthy mindset. Now, 83 00:04:29,960 --> 00:04:32,200 Speaker 1: these are the people who actually build wealth instead of 84 00:04:32,240 --> 00:04:35,560 Speaker 1: just looking like they have it. The biggest difference they 85 00:04:35,560 --> 00:04:38,839 Speaker 1: don't work for money. They make their money work for them. 86 00:04:39,120 --> 00:04:41,800 Speaker 1: How do they do that, Well, they don't make money 87 00:04:41,839 --> 00:04:45,080 Speaker 1: to pay for their living expenses. Instead, they make money 88 00:04:45,839 --> 00:04:49,320 Speaker 1: to pay for assets and they use the assets to 89 00:04:49,440 --> 00:04:52,320 Speaker 1: then pay for their life. Right, So it's a different 90 00:04:52,320 --> 00:04:54,560 Speaker 1: way to do that. Now, what happens is these assets 91 00:04:54,560 --> 00:04:57,680 Speaker 1: appreciate over time and they can be leveraged into more 92 00:04:57,720 --> 00:05:01,080 Speaker 1: wealth and allows those investments to pay for their lifestyle. 93 00:05:01,360 --> 00:05:04,200 Speaker 1: And the way they use credit is completely different as well. 94 00:05:04,800 --> 00:05:07,320 Speaker 1: They don't use credit because they don't have the money 95 00:05:07,400 --> 00:05:11,000 Speaker 1: or they can't afford things. They use credit because it's 96 00:05:11,080 --> 00:05:14,920 Speaker 1: cheaper to use somebody else's money than their own. Now 97 00:05:14,920 --> 00:05:16,640 Speaker 1: you can see that the way that they use money 98 00:05:16,760 --> 00:05:17,960 Speaker 1: and the way they think about money and the way 99 00:05:17,960 --> 00:05:20,800 Speaker 1: they use credit is completely different, which is why they 100 00:05:20,880 --> 00:05:23,280 Speaker 1: end up in a different place. Now. I tell you 101 00:05:23,360 --> 00:05:25,840 Speaker 1: all this because if you want to build wealth in 102 00:05:25,960 --> 00:05:29,320 Speaker 1: layers like the one percent, then you have to understand 103 00:05:29,320 --> 00:05:32,240 Speaker 1: one thing. Because we're going to be using debt. We're 104 00:05:32,240 --> 00:05:34,640 Speaker 1: going to be using leverage to build wealth, and that 105 00:05:34,680 --> 00:05:37,640 Speaker 1: means that you have to have the right mindset. If 106 00:05:37,680 --> 00:05:40,520 Speaker 1: you're still thinking about credit the way a poor or 107 00:05:40,600 --> 00:05:44,360 Speaker 1: middle class mindset does is something to avoid. Then you're 108 00:05:44,440 --> 00:05:46,680 Speaker 1: never going to be able to use money the way 109 00:05:46,720 --> 00:05:49,640 Speaker 1: the wealthy do. But if you start thinking like an investor, 110 00:05:49,880 --> 00:05:53,120 Speaker 1: if you start seeing credit as a tool, not a trap, 111 00:05:53,480 --> 00:05:55,680 Speaker 1: then you'll finally be able to unlock the true power 112 00:05:55,680 --> 00:05:58,240 Speaker 1: of wealth building. All right, Now, let me tell you 113 00:05:58,279 --> 00:06:00,320 Speaker 1: how I learned this the hard way first, and then 114 00:06:00,320 --> 00:06:03,040 Speaker 1: I'm going to break down the math. Now, I had 115 00:06:03,040 --> 00:06:05,000 Speaker 1: to learn this the hard way, and I don't want 116 00:06:05,040 --> 00:06:07,960 Speaker 1: you to because I didn't even I didn't always understand this. 117 00:06:08,040 --> 00:06:11,719 Speaker 1: In fact, I learned the really hard way. Now. Back 118 00:06:11,760 --> 00:06:13,400 Speaker 1: in two thousand and eight, I thought I had it 119 00:06:13,440 --> 00:06:15,839 Speaker 1: all figured out. I'd built up a couple of businesses. 120 00:06:15,920 --> 00:06:18,360 Speaker 1: I had sold a couple of businesses. I made a 121 00:06:18,400 --> 00:06:21,080 Speaker 1: lot of money. I had just turned twenty eight years old. 122 00:06:21,279 --> 00:06:23,760 Speaker 1: I thought I was set for life. So I did 123 00:06:23,800 --> 00:06:25,960 Speaker 1: what I thought the wealthy did, right. I took all 124 00:06:26,000 --> 00:06:27,640 Speaker 1: the money and I poured it all into real estate. 125 00:06:28,000 --> 00:06:30,919 Speaker 1: Now I was in southern California. I was fully invested 126 00:06:30,920 --> 00:06:32,880 Speaker 1: into the market, and I thought I was pretty smart. 127 00:06:32,920 --> 00:06:35,520 Speaker 1: I had like a sixty five percent loan to value ratio, 128 00:06:35,560 --> 00:06:38,680 Speaker 1: which I thought was pretty safe. I had the properties, 129 00:06:39,040 --> 00:06:41,840 Speaker 1: I had the leverage. I had the plan, and then 130 00:06:42,880 --> 00:06:45,200 Speaker 1: the market collapsed. So Mike Tyson said, everyone has a 131 00:06:45,200 --> 00:06:47,120 Speaker 1: plan to they get punched in the face. And I 132 00:06:47,200 --> 00:06:50,680 Speaker 1: got punched in the face. Overnight. My property values collapsed. 133 00:06:50,920 --> 00:06:52,800 Speaker 1: I had a few big developments that were going on 134 00:06:52,839 --> 00:06:55,800 Speaker 1: at the time. I was trying to sell those and 135 00:06:55,880 --> 00:06:59,000 Speaker 1: they fell through, and I had mortgages to pay. But 136 00:06:59,520 --> 00:07:02,680 Speaker 1: here's the kicker. I had sold my businesses, so I 137 00:07:02,680 --> 00:07:05,520 Speaker 1: had no active income. So that same leverage that had 138 00:07:05,520 --> 00:07:08,640 Speaker 1: made me feel rich was now squashing me. Now. I 139 00:07:08,680 --> 00:07:11,960 Speaker 1: remember sitting there. I remember staring at my numbers, realizing 140 00:07:13,040 --> 00:07:15,440 Speaker 1: I can't afford this. But I was stuck. I had 141 00:07:15,520 --> 00:07:17,920 Speaker 1: tens of millions of dollars in real estate, but I 142 00:07:18,000 --> 00:07:21,360 Speaker 1: was broke. Everything I had worked for was slipping away. 143 00:07:21,600 --> 00:07:24,560 Speaker 1: And it took years to unwind everything, to get everything 144 00:07:24,600 --> 00:07:26,880 Speaker 1: dealt with with the banks. And then I swore that 145 00:07:26,880 --> 00:07:30,200 Speaker 1: I would never touch credit again, and maybe I don't know. 146 00:07:30,280 --> 00:07:33,920 Speaker 1: Five six years I did everything in cash. I refused 147 00:07:33,920 --> 00:07:36,840 Speaker 1: to borrow. I told myself, you know, leverage is too risky, 148 00:07:37,240 --> 00:07:40,120 Speaker 1: and for a while it felt safe, right. But here's 149 00:07:40,160 --> 00:07:42,720 Speaker 1: what I didn't realize at the time. I wasn't actually 150 00:07:42,760 --> 00:07:46,320 Speaker 1: building wealth. I was just avoiding risk. Now, my business, 151 00:07:46,560 --> 00:07:48,960 Speaker 1: luckily was making plenty of money, but I was still 152 00:07:49,000 --> 00:07:51,560 Speaker 1: stuck in that scarcity mindset. So instead of making my 153 00:07:51,640 --> 00:07:54,600 Speaker 1: money work for me, I was playing defense. But then, 154 00:07:54,680 --> 00:07:57,680 Speaker 1: one day, as I was always invested into my own education, 155 00:07:57,720 --> 00:07:59,680 Speaker 1: I joined a high level master my group. I met 156 00:07:59,680 --> 00:08:03,360 Speaker 1: someone who completely changed the way that I thought about money, 157 00:08:03,360 --> 00:08:06,320 Speaker 1: and he showed me how the wealthy actually used leverage. 158 00:08:06,520 --> 00:08:08,640 Speaker 1: And that's when I saw it. I'd been doing it 159 00:08:08,720 --> 00:08:11,120 Speaker 1: all wrong. I had thought about it all wrong. See, 160 00:08:11,200 --> 00:08:13,880 Speaker 1: I wasn't supposed to take on debt to buy assets. 161 00:08:14,240 --> 00:08:17,560 Speaker 1: I needed to structure my wealth in layers. I needed 162 00:08:17,560 --> 00:08:20,080 Speaker 1: to build cash flow, I needed to learn how to 163 00:08:20,160 --> 00:08:22,520 Speaker 1: leverage it correctly, and then I had to learn how 164 00:08:22,520 --> 00:08:25,360 Speaker 1: to make every dollar do multiple jobs. Now, look, I 165 00:08:25,400 --> 00:08:27,680 Speaker 1: don't look back with any regrets of that today, all right, 166 00:08:27,760 --> 00:08:31,000 Speaker 1: because I believe that, unfortunately, we only learn from our 167 00:08:31,040 --> 00:08:34,520 Speaker 1: defeats and our mistakes. And it's because of that experience, 168 00:08:34,760 --> 00:08:37,800 Speaker 1: the pain of two thousand and eight, the crash, that's 169 00:08:37,800 --> 00:08:40,120 Speaker 1: why I make these videos today. Now. During that time, 170 00:08:40,120 --> 00:08:42,520 Speaker 1: I vowed to myself, I vowed to my wife that 171 00:08:42,559 --> 00:08:45,000 Speaker 1: we are never going to get caught off sides again. 172 00:08:45,280 --> 00:08:49,480 Speaker 1: So I spent the next decade studying financial system, macroeconomics, 173 00:08:49,520 --> 00:08:52,000 Speaker 1: and how the wealthy actually build and protect their wealth. 174 00:08:52,360 --> 00:08:55,199 Speaker 1: I invested hundreds of thousands of dollars into my own education, 175 00:08:55,320 --> 00:08:58,280 Speaker 1: my mentors, the masterminds, because I was never going to 176 00:08:58,400 --> 00:09:00,520 Speaker 1: let that happen to us again. And that's why I 177 00:09:00,520 --> 00:09:03,160 Speaker 1: started making these videos to help you learn from my 178 00:09:03,280 --> 00:09:05,320 Speaker 1: mistakes and avoid the same pain I went through. So 179 00:09:05,400 --> 00:09:08,199 Speaker 1: now let me show you what I learned and how 180 00:09:08,240 --> 00:09:11,720 Speaker 1: you can structure your wealth just like the one percent. Right, 181 00:09:12,600 --> 00:09:15,560 Speaker 1: So you know why the traditional system is broken, you 182 00:09:15,600 --> 00:09:18,880 Speaker 1: know why most people stay stuck, and you know the 183 00:09:18,920 --> 00:09:21,760 Speaker 1: wealthy use money differently, So let me show you exactly 184 00:09:21,840 --> 00:09:24,320 Speaker 1: how they do it. Now, Remember we talked about the 185 00:09:24,360 --> 00:09:28,040 Speaker 1: wealthy mindset and how they use their income to buy assets, 186 00:09:28,320 --> 00:09:31,640 Speaker 1: and then they leverage credit strategically instead of fearing it. 187 00:09:31,800 --> 00:09:34,839 Speaker 1: Right now, that's important because this entire system that we're 188 00:09:34,840 --> 00:09:37,640 Speaker 1: going to break down is built on that mindset. So 189 00:09:37,679 --> 00:09:39,800 Speaker 1: if you think about credit like the poor or the 190 00:09:39,800 --> 00:09:43,280 Speaker 1: middle class does, as something to avoid, then you're never 191 00:09:43,320 --> 00:09:44,800 Speaker 1: going to be able to build wealth the way the 192 00:09:44,840 --> 00:09:47,600 Speaker 1: one percent do. But when you learn to control, leverage. 193 00:09:47,679 --> 00:09:51,520 Speaker 1: Every dollar you earn can do multiple jobs like the wealthy. 194 00:09:51,800 --> 00:09:55,600 Speaker 1: And here's how they do it. They don't just invest randomly. Again, 195 00:09:55,640 --> 00:10:00,440 Speaker 1: they build it in layers by stacking assets strategically. Stir 196 00:10:00,520 --> 00:10:04,400 Speaker 1: money moves, it multiplies, and it never sits idle. Now, 197 00:10:04,440 --> 00:10:07,520 Speaker 1: before I break all this down, understand this. This is 198 00:10:07,640 --> 00:10:10,760 Speaker 1: not a one size fits all system. Right. You don't 199 00:10:10,800 --> 00:10:13,560 Speaker 1: need to use every single layer right away. Some of 200 00:10:13,559 --> 00:10:15,800 Speaker 1: you might already have, you know, one or two of 201 00:10:15,840 --> 00:10:18,600 Speaker 1: these in place. Others might be starting, you know, completely 202 00:10:18,640 --> 00:10:20,240 Speaker 1: from scratch. Some of you may not even like the 203 00:10:20,280 --> 00:10:22,480 Speaker 1: layers I suggest, and you can make your own. But 204 00:10:22,520 --> 00:10:25,680 Speaker 1: the goal here is simple, make every dollar work multiple 205 00:10:25,679 --> 00:10:28,840 Speaker 1: times in different ways. Right. So these are the layers 206 00:10:28,840 --> 00:10:32,280 Speaker 1: that I personally use and I recommend, But again, don't 207 00:10:32,360 --> 00:10:34,839 Speaker 1: use these, use whatever, mix and match them however you want. 208 00:10:34,960 --> 00:10:36,800 Speaker 1: But this is what I do. Okay, So we start 209 00:10:36,880 --> 00:10:40,240 Speaker 1: number one with layer number one, which is the foundation, 210 00:10:40,520 --> 00:10:43,680 Speaker 1: which is liquidity. Now, this is where most people get stuck. 211 00:10:44,000 --> 00:10:47,000 Speaker 1: They don't have a system for stacking their money. Right. 212 00:10:47,200 --> 00:10:49,679 Speaker 1: That's actually why I built the Wealth Engine assessment to 213 00:10:49,679 --> 00:10:52,439 Speaker 1: help you see exactly how many jobs your dollars are doing. 214 00:10:52,840 --> 00:10:54,840 Speaker 1: And where you can optimize, because if your money is 215 00:10:54,840 --> 00:10:58,280 Speaker 1: only doing more job right now, you're already behind. Now, 216 00:10:58,280 --> 00:10:59,839 Speaker 1: if you want this wealth assessment, you can grab it 217 00:10:59,840 --> 00:11:01,520 Speaker 1: for free. I'll put a link down to the description 218 00:11:01,600 --> 00:11:04,280 Speaker 1: down below. Just use it, do a test. It'll show 219 00:11:04,280 --> 00:11:07,560 Speaker 1: you exactly how to map this out. But let me 220 00:11:07,600 --> 00:11:09,679 Speaker 1: show you how I do this. Let's start with the 221 00:11:09,720 --> 00:11:13,680 Speaker 1: base layer. So for me, layer number one is life insurance. 222 00:11:13,720 --> 00:11:16,360 Speaker 1: So let me just go ahead and lay that out here. Now, 223 00:11:16,400 --> 00:11:19,160 Speaker 1: the first thing the wealthy do differently is they don't 224 00:11:19,280 --> 00:11:22,760 Speaker 1: keep cash in a bank. Why because it does two 225 00:11:22,960 --> 00:11:26,640 Speaker 1: things your bank never will. First, it compounds tax free 226 00:11:26,640 --> 00:11:30,320 Speaker 1: over time. Second, you can borrow against it without stopping 227 00:11:30,360 --> 00:11:33,120 Speaker 1: the growth. Now most people don't realize this, but when 228 00:11:33,160 --> 00:11:35,880 Speaker 1: you put money in a bank, that make immediately lends 229 00:11:35,880 --> 00:11:37,760 Speaker 1: it out to make money off of you. Meanwhile, they 230 00:11:37,760 --> 00:11:40,280 Speaker 1: pay almost nothing. But the wealthy, of course, they flip 231 00:11:40,320 --> 00:11:43,320 Speaker 1: the script and they store their cash in a properly 232 00:11:43,400 --> 00:11:46,680 Speaker 1: structured life insurance policy where it earns interest and they 233 00:11:46,720 --> 00:11:48,240 Speaker 1: can borrow against it. Now, let me give you an 234 00:11:48,240 --> 00:11:51,000 Speaker 1: example of how the one percent do this. So let's 235 00:11:51,040 --> 00:11:53,840 Speaker 1: say that you have this life insurance policy and you 236 00:11:53,880 --> 00:11:57,480 Speaker 1: put let's say one hundred thousand dollars into this account. Okay, 237 00:11:58,360 --> 00:12:01,120 Speaker 1: there's a high cash value life insurance and it's let's 238 00:12:01,120 --> 00:12:04,920 Speaker 1: say it's compounding at five percent per year, So I'm 239 00:12:04,920 --> 00:12:06,680 Speaker 1: gonna put it in there, and they're gonna pay me 240 00:12:06,840 --> 00:12:09,480 Speaker 1: five percent a year. Now it's compounding at five percent 241 00:12:09,520 --> 00:12:12,720 Speaker 1: a year, and that is tax free, all right. Now, 242 00:12:12,920 --> 00:12:16,440 Speaker 1: then what can happen is I can borrow. I can 243 00:12:16,480 --> 00:12:19,480 Speaker 1: take that one hundred thousand dollars out and I would borrow, 244 00:12:19,520 --> 00:12:23,720 Speaker 1: and I would pay five percent to borrow it. Now 245 00:12:23,880 --> 00:12:27,320 Speaker 1: you might go, wait a minute, if I borrow, if 246 00:12:27,320 --> 00:12:30,720 Speaker 1: I'm earning five percent, but then I borrow at five percent, Like, 247 00:12:30,880 --> 00:12:34,160 Speaker 1: isn't that a wash? Well, no, not even close. Because 248 00:12:34,240 --> 00:12:37,280 Speaker 1: let's say let's say I borrowed this a for a car, 249 00:12:37,320 --> 00:12:39,840 Speaker 1: one hundred thousand dollars car. So let's say over a 250 00:12:39,880 --> 00:12:43,880 Speaker 1: six year loan, let's say time six years or seventy 251 00:12:43,920 --> 00:12:47,199 Speaker 1: two months. Let's say, well, let's let's do the math 252 00:12:47,240 --> 00:12:49,599 Speaker 1: and see what actually happens during this time. What I 253 00:12:49,600 --> 00:12:52,480 Speaker 1: would pay interest this five percent on one hundred thousand 254 00:12:52,880 --> 00:12:56,600 Speaker 1: is about fifteen thousand, nine hundred and fifty five dollars. 255 00:12:56,640 --> 00:12:59,000 Speaker 1: So let's call it sixteen thousand dollars. All right, But 256 00:12:59,440 --> 00:13:03,439 Speaker 1: during that same time period, this earning five percent compounding 257 00:13:03,480 --> 00:13:08,440 Speaker 1: on one hundred thousand is thirty four thousand nine. A 258 00:13:08,559 --> 00:13:11,760 Speaker 1: small business owner, are you buried in all types of 259 00:13:11,800 --> 00:13:14,360 Speaker 1: work keeping you from the real thing that makes you money? 260 00:13:14,400 --> 00:13:16,800 Speaker 1: Well that's where just Works comes in. They're the all 261 00:13:16,840 --> 00:13:19,880 Speaker 1: in one platform that supports small business growth. You can 262 00:13:19,920 --> 00:13:22,960 Speaker 1: get all their tools that help with benefits like payroll 263 00:13:23,160 --> 00:13:27,240 Speaker 1: and HR and compliance with transparent pricing. Now they help 264 00:13:27,320 --> 00:13:31,520 Speaker 1: you hire top talent internationally, internew markets, quickly scale international 265 00:13:31,600 --> 00:13:35,679 Speaker 1: operations without the workload and forevery how do I do it? Question? 266 00:13:35,880 --> 00:13:38,200 Speaker 2: You can reach out to their expert staff from sole 267 00:13:38,280 --> 00:13:42,160 Speaker 2: proprietor or a team of twenty. Just Works empowers all 268 00:13:42,280 --> 00:13:46,040 Speaker 2: kinds of small businesses with real human support. So visit 269 00:13:46,200 --> 00:13:49,760 Speaker 2: justworks dot com slash podcast to join the thousands of 270 00:13:49,800 --> 00:13:53,719 Speaker 2: small businesses that trust just Works to take care of payroll, benefits, 271 00:13:53,880 --> 00:13:58,760 Speaker 2: compliance and more. Again, that's justworks dot com slash podcasts. 272 00:14:00,240 --> 00:14:02,360 Speaker 1: So you can see that's quite a bit difference. As 273 00:14:02,400 --> 00:14:05,720 Speaker 1: a matter of fact, the difference is my positive difference 274 00:14:05,720 --> 00:14:10,280 Speaker 1: here is about eighteen thousand dollars that I'm making positive 275 00:14:10,559 --> 00:14:13,480 Speaker 1: during this time even though I'm earning five percent and 276 00:14:13,520 --> 00:14:16,040 Speaker 1: I'm barring five percent. And the reason why is because 277 00:14:16,080 --> 00:14:19,760 Speaker 1: of the law of compounding. So the one hundred thousands 278 00:14:19,760 --> 00:14:22,920 Speaker 1: compounding every year while the loan is getting paid down. 279 00:14:23,040 --> 00:14:25,440 Speaker 1: And while that sounds cool, that's not even the crazy 280 00:14:25,480 --> 00:14:28,640 Speaker 1: part yet. Right. If you had this extra eighteen thousand 281 00:14:28,680 --> 00:14:31,280 Speaker 1: dollars now over the life of the loan, and you 282 00:14:31,360 --> 00:14:33,640 Speaker 1: put it into an account and it continues to compound 283 00:14:33,680 --> 00:14:37,680 Speaker 1: at five percent, let's say over twenty years, that turns 284 00:14:37,840 --> 00:14:39,840 Speaker 1: some real money. As a matter of fact, that turns 285 00:14:39,880 --> 00:14:44,440 Speaker 1: into forty seven thousand, nine hundred and two dollars, almost 286 00:14:44,480 --> 00:14:47,760 Speaker 1: fifty thousand dollars, which is more than some people saved. 287 00:14:47,800 --> 00:14:49,440 Speaker 1: As a matter of fact, As I said, most baby 288 00:14:49,480 --> 00:14:52,440 Speaker 1: boomers today don't even have any money saved. And you 289 00:14:52,440 --> 00:14:54,600 Speaker 1: can do that just by one simple trick of putting 290 00:14:54,600 --> 00:14:58,040 Speaker 1: the money in first, taking it back out, buying whatever 291 00:14:58,080 --> 00:15:01,160 Speaker 1: you're going to buy. That alone could get you fifty 292 00:15:01,240 --> 00:15:04,600 Speaker 1: thousand dollars. Now what would you do with this money, Well, 293 00:15:04,720 --> 00:15:06,640 Speaker 1: you can do all types of things. You could invest 294 00:15:06,680 --> 00:15:11,040 Speaker 1: it into real estate, you could invest it into bitcoin, 295 00:15:11,560 --> 00:15:15,400 Speaker 1: you could invest it into businesses or whatever. We're going 296 00:15:15,480 --> 00:15:17,760 Speaker 1: to talk about how you can layer that next. Okay, 297 00:15:17,800 --> 00:15:20,040 Speaker 1: so now that we've got layer one taken care of, 298 00:15:20,240 --> 00:15:22,560 Speaker 1: and now that we have liquidity, let's talk about the 299 00:15:22,600 --> 00:15:25,640 Speaker 1: next wealth layer. And for me, that's real estate. So 300 00:15:25,720 --> 00:15:27,760 Speaker 1: let's go ahead and put that out here. So now 301 00:15:27,800 --> 00:15:32,320 Speaker 1: we have layer to real estate, and let's break down 302 00:15:32,360 --> 00:15:34,520 Speaker 1: the math of how this works for a second, because 303 00:15:34,680 --> 00:15:37,160 Speaker 1: most people don't understand this. Now, of course, the wealthy 304 00:15:37,280 --> 00:15:40,200 Speaker 1: love real estate, but it's not for the reasons that 305 00:15:40,280 --> 00:15:43,680 Speaker 1: most people think. They don't just buy houses. They use 306 00:15:43,720 --> 00:15:47,080 Speaker 1: real estate as a financial tool to build wealth through 307 00:15:47,160 --> 00:15:50,960 Speaker 1: leverage and most importantly, tax efficiency. Now why is real 308 00:15:51,040 --> 00:15:53,960 Speaker 1: estate so powerful Because it builds wealth in multiple ways 309 00:15:53,960 --> 00:15:57,000 Speaker 1: at once. So the first way is we get cash flow, 310 00:15:57,160 --> 00:15:59,240 Speaker 1: so we buy the piece of real estate and it 311 00:15:59,280 --> 00:16:02,520 Speaker 1: generates cash rental income. Number two, we get the appreciation, 312 00:16:02,640 --> 00:16:04,320 Speaker 1: so the property is going to go up over a 313 00:16:04,320 --> 00:16:08,160 Speaker 1: long period of time. Number three, we get leverage. We 314 00:16:08,200 --> 00:16:10,840 Speaker 1: get loan leverage, so we can buy a property for 315 00:16:10,920 --> 00:16:14,280 Speaker 1: ten percent down or twenty percent down. But my favorite 316 00:16:14,280 --> 00:16:16,960 Speaker 1: one the wealthy is favorite one most people don't even 317 00:16:17,000 --> 00:16:20,600 Speaker 1: think about, they don't even understand, is the tax advantages, depreciation. 318 00:16:20,760 --> 00:16:23,160 Speaker 1: It's the ride us. This is why the wealthy get 319 00:16:23,200 --> 00:16:25,880 Speaker 1: richer because their money is working in multiple ways at 320 00:16:25,880 --> 00:16:28,440 Speaker 1: the same time. And this is where leverage becomes a 321 00:16:28,520 --> 00:16:32,160 Speaker 1: game change, because this is where the layered stacking begins. 322 00:16:32,320 --> 00:16:34,480 Speaker 1: So let me give you an example of how the 323 00:16:34,520 --> 00:16:37,240 Speaker 1: wealthy use leverage in real estate. So let's break it down. Okay, 324 00:16:37,400 --> 00:16:39,520 Speaker 1: So we first started with one hundred thousand dollars in 325 00:16:39,600 --> 00:16:42,040 Speaker 1: layer one, and we put that into our high cash 326 00:16:42,120 --> 00:16:45,360 Speaker 1: value life insurance policy, right, and we're getting compounding in 327 00:16:45,400 --> 00:16:48,720 Speaker 1: a five percent. Then we take that one hundred thousand 328 00:16:48,800 --> 00:16:50,960 Speaker 1: back out. We don't let us sit there. We borrow 329 00:16:51,000 --> 00:16:53,320 Speaker 1: against it and we use that money. Now, let's say 330 00:16:53,320 --> 00:16:56,200 Speaker 1: one hundred thousand has a down payment on five hundred 331 00:16:56,280 --> 00:16:59,240 Speaker 1: thousand dollars worth of real estate, so that's two hundred dow. 332 00:16:59,320 --> 00:17:01,240 Speaker 1: So we take the h hundred k that we got 333 00:17:01,280 --> 00:17:04,719 Speaker 1: from our life insurance and we put it into an 334 00:17:04,720 --> 00:17:08,040 Speaker 1: apartment complex or a series of houses or whatever worth 335 00:17:08,080 --> 00:17:10,879 Speaker 1: about five hundred k. Let's say, right, it's twenty percent 336 00:17:10,920 --> 00:17:13,200 Speaker 1: down all right. So now we have the money doing 337 00:17:13,240 --> 00:17:16,240 Speaker 1: two jobs. One job over here in life insurance, the 338 00:17:16,280 --> 00:17:18,960 Speaker 1: second job over here in real estate. That's pretty good, right, 339 00:17:19,080 --> 00:17:21,760 Speaker 1: This is the first one hundred thousand dollars. Now over 340 00:17:21,760 --> 00:17:26,000 Speaker 1: here in life insurance layer one, it's still compounding. Right, 341 00:17:26,119 --> 00:17:28,320 Speaker 1: So just during the time of this let's call it 342 00:17:28,400 --> 00:17:31,800 Speaker 1: twenty years, during the life of this that money compounding 343 00:17:31,920 --> 00:17:35,760 Speaker 1: is going to add forty seven K right here, just 344 00:17:35,800 --> 00:17:38,040 Speaker 1: because I left it there in the meantime while I 345 00:17:38,080 --> 00:17:40,600 Speaker 1: have also had the house. Now, think about that forty 346 00:17:40,640 --> 00:17:43,040 Speaker 1: seven K on my one hundred thousand. That's almost a 347 00:17:43,119 --> 00:17:45,879 Speaker 1: fifty percent return right there, just by having to do 348 00:17:45,880 --> 00:17:48,879 Speaker 1: the second job. All right. Second, over here, we have 349 00:17:48,920 --> 00:17:51,600 Speaker 1: this five hundred thousand dollars property, and the tenants are 350 00:17:51,680 --> 00:17:53,960 Speaker 1: paying down the real estate loan for me, and it's 351 00:17:54,000 --> 00:17:56,919 Speaker 1: giving me cash flow. It's given me equity growth. At 352 00:17:56,920 --> 00:18:00,879 Speaker 1: the same time, also, the property is going up in time. Now, 353 00:18:01,000 --> 00:18:03,280 Speaker 1: we don't always plan for appreciation, but of course it's 354 00:18:03,320 --> 00:18:06,960 Speaker 1: going to appreciate. Let's call it super conservative. Let's say 355 00:18:06,960 --> 00:18:09,560 Speaker 1: it's going up at three percent a year. Okay, so 356 00:18:09,720 --> 00:18:12,920 Speaker 1: three percent a year. What happens is now at five 357 00:18:13,000 --> 00:18:16,720 Speaker 1: hundred thousand, let's say times the three percent over the 358 00:18:16,800 --> 00:18:19,800 Speaker 1: twenty years means that this property is now worth nine 359 00:18:19,880 --> 00:18:23,000 Speaker 1: hundred and three thousand dollars. That means that if we 360 00:18:23,080 --> 00:18:25,760 Speaker 1: take the new value nine hundred thousand divided by the 361 00:18:25,760 --> 00:18:29,200 Speaker 1: five hundred thousand, means my equity is now four hundred 362 00:18:29,200 --> 00:18:33,600 Speaker 1: and three thousand dollars on the original one hundred thousand 363 00:18:33,640 --> 00:18:36,359 Speaker 1: I put in. That means I've now made a four 364 00:18:36,600 --> 00:18:40,560 Speaker 1: hundred percent ROI. So over here, my one hundred thousand 365 00:18:40,560 --> 00:18:43,040 Speaker 1: dollars is sitting here, and I've earned forty seven thousand 366 00:18:43,080 --> 00:18:45,200 Speaker 1: over here. It's about a fifty percent return. And then 367 00:18:45,240 --> 00:18:46,639 Speaker 1: I took that one hundred thousand, put it over here 368 00:18:46,680 --> 00:18:49,320 Speaker 1: in this five hundred thousand dollars property growing at three percent, 369 00:18:49,880 --> 00:18:51,919 Speaker 1: and it's made me a four hundred percent ROI, not 370 00:18:52,000 --> 00:18:54,879 Speaker 1: to mention the cash flow I've made over time, not 371 00:18:55,000 --> 00:18:58,120 Speaker 1: to mention the equity that I've gained over all time. 372 00:18:58,160 --> 00:19:01,560 Speaker 1: But we are still not done because not on top 373 00:19:01,560 --> 00:19:04,520 Speaker 1: of all this, you also get up to five hundred 374 00:19:04,560 --> 00:19:08,560 Speaker 1: thousand in tax rideoffs even against W two income if 375 00:19:08,600 --> 00:19:11,959 Speaker 1: you structure this correctly. So let's say that you're a 376 00:19:12,040 --> 00:19:16,000 Speaker 1: thirty five percent tax bracket, that's about another one hundred 377 00:19:16,040 --> 00:19:20,000 Speaker 1: and seventy five thousand dollars of tax savings. That you get. 378 00:19:20,640 --> 00:19:22,840 Speaker 1: Let me total all this up for you. Let let's 379 00:19:22,840 --> 00:19:25,399 Speaker 1: think about this real quickly. Okay, So let's total this 380 00:19:25,480 --> 00:19:28,240 Speaker 1: up so we can compare. Let's compare two different people. 381 00:19:28,480 --> 00:19:33,679 Speaker 1: So person one over here has their one hundred thousand dollars, 382 00:19:33,800 --> 00:19:39,280 Speaker 1: all right, Person two over here has one hundred thousand dollars. Okay, 383 00:19:39,720 --> 00:19:44,640 Speaker 1: Now over here, person one saves one hundred thousand all right. 384 00:19:44,800 --> 00:19:48,280 Speaker 1: Over here, person two stacks. So let's just put that here. 385 00:19:48,520 --> 00:19:53,000 Speaker 1: Person one saves Person two stacks. Now, Option one, I 386 00:19:53,080 --> 00:19:56,160 Speaker 1: leave the one hundred thousand dollars in savings. The final balance 387 00:19:56,440 --> 00:20:00,520 Speaker 1: times let's say twenty years, is you know, earning at 388 00:20:00,920 --> 00:20:04,280 Speaker 1: zero point five percent interest, ends up with about one 389 00:20:04,359 --> 00:20:07,680 Speaker 1: hundred and ten thousand dollars. Good job, So we went 390 00:20:07,680 --> 00:20:10,000 Speaker 1: from ten thousand to one hundred and ten thousand, so 391 00:20:10,000 --> 00:20:13,600 Speaker 1: we made about ten K over twenty years. Okay, Option 392 00:20:13,680 --> 00:20:17,680 Speaker 1: number two over here. Option number two does something a 393 00:20:17,680 --> 00:20:20,960 Speaker 1: little bit different. Number one. They stack their wealth in layers. 394 00:20:21,200 --> 00:20:24,760 Speaker 1: So they first put the one hundred thousand into a 395 00:20:25,040 --> 00:20:30,080 Speaker 1: life insurance policy. Number one. Then that right there makes 396 00:20:30,119 --> 00:20:32,239 Speaker 1: them about forty seven K. Number two, they take that 397 00:20:32,280 --> 00:20:35,679 Speaker 1: same hundred thousand and put it down into five hundred 398 00:20:35,720 --> 00:20:39,119 Speaker 1: thousand dollars of real estate. Okay, and then with the 399 00:20:39,160 --> 00:20:43,840 Speaker 1: appreciation they get about four hundred k from that, all right, 400 00:20:44,280 --> 00:20:46,760 Speaker 1: Then they get the tax savings and the write off. 401 00:20:46,800 --> 00:20:48,920 Speaker 1: So let's just say at a thirty five percent tax rate, 402 00:20:49,119 --> 00:20:51,080 Speaker 1: they're going to get another one hundred and seventy five 403 00:20:51,160 --> 00:20:54,800 Speaker 1: thousand in tax breaks right there. So we'll add that 404 00:20:54,840 --> 00:20:57,120 Speaker 1: up here, one hundred and seventy five thousand dollars. So 405 00:20:57,160 --> 00:21:00,480 Speaker 1: now the total wealth created here is six one hundred 406 00:21:00,480 --> 00:21:04,040 Speaker 1: and twelve thousand dollars. So person one, save the money 407 00:21:04,200 --> 00:21:07,960 Speaker 1: they made ten thousand. Person two, same money, the same dollar, 408 00:21:08,040 --> 00:21:10,600 Speaker 1: the same hundred thousand, ended up six hundred and twelve 409 00:21:10,640 --> 00:21:13,720 Speaker 1: thousand dollars. It's a pretty big difference. This is why 410 00:21:13,760 --> 00:21:17,119 Speaker 1: wealth isn't built by working harder. It's built by using 411 00:21:17,200 --> 00:21:19,720 Speaker 1: money the right way. And we're still not even done. 412 00:21:19,800 --> 00:21:23,439 Speaker 1: All right, that's only two layers. Imagine three layers, five layers, 413 00:21:23,520 --> 00:21:27,359 Speaker 1: imagine ten layers. All right, Next, let's add another layer. 414 00:21:27,440 --> 00:21:29,520 Speaker 1: I'll show you what I like to do. Now, what's 415 00:21:29,600 --> 00:21:32,520 Speaker 1: your best move from here? Where should you be stacking? 416 00:21:32,600 --> 00:21:35,040 Speaker 1: If you don't like these, well, that's exactly what the 417 00:21:35,080 --> 00:21:37,840 Speaker 1: wealth Engine Assessment that I put together is for it 418 00:21:37,840 --> 00:21:39,399 Speaker 1: helps you figure all this out so you're not just 419 00:21:39,480 --> 00:21:41,720 Speaker 1: guessing your way through wealth building. So go ahead and 420 00:21:41,760 --> 00:21:44,200 Speaker 1: grab the Wealth Engine Assessment for free. There's a link 421 00:21:44,240 --> 00:21:46,119 Speaker 1: in the description. Right now, it's going to show you 422 00:21:46,119 --> 00:21:48,040 Speaker 1: where you're at today. It's going to show you how 423 00:21:48,040 --> 00:21:50,639 Speaker 1: fast you can hit your financial freedom number. All right, 424 00:21:50,640 --> 00:21:54,400 Speaker 1: But now now that we've stacked our whole life insurance policy, 425 00:21:54,560 --> 00:21:56,560 Speaker 1: and we've now stacked it in the layer two, which 426 00:21:56,600 --> 00:21:58,680 Speaker 1: is real estate, let's take it to the next level. 427 00:21:58,800 --> 00:22:02,240 Speaker 1: Let's take it to level three, which for me, that's bitcoin. 428 00:22:02,359 --> 00:22:04,920 Speaker 1: All right. Now, most people buy bitcoin the wrong way. 429 00:22:05,240 --> 00:22:08,320 Speaker 1: They treat it like a lottery ticket. They hope that 430 00:22:08,320 --> 00:22:09,719 Speaker 1: the price is going to go up so they can 431 00:22:09,800 --> 00:22:13,000 Speaker 1: cash out for a quick profit. The wealthy they don't 432 00:22:13,000 --> 00:22:16,879 Speaker 1: sell bitcoin. They hold it and hold it forever because 433 00:22:17,400 --> 00:22:20,520 Speaker 1: just like real estate and life insurance, it's not the asset, 434 00:22:20,640 --> 00:22:24,199 Speaker 1: it's also a financial tool. Now why is bitcoin so 435 00:22:24,320 --> 00:22:27,399 Speaker 1: powerful in this way? Well, one, bitcoin is a scarce asset, 436 00:22:27,480 --> 00:22:29,919 Speaker 1: right there's only twenty one million that's ever going to exist. 437 00:22:30,040 --> 00:22:34,320 Speaker 1: Number Two, it's a high growth investment. Bitcoin's outperformed every 438 00:22:34,400 --> 00:22:37,879 Speaker 1: other asset class over the last decade. Three. It's easily 439 00:22:38,520 --> 00:22:40,560 Speaker 1: something that you can just borrow against. Right, You can 440 00:22:40,600 --> 00:22:44,560 Speaker 1: take a low interest bitcoin back loan without selling your bitcoin. 441 00:22:44,760 --> 00:22:47,240 Speaker 1: And this is exactly how the wealthy multiply their wealth 442 00:22:47,280 --> 00:22:50,520 Speaker 1: with bitcoin. Okay, So here's how we keep stacking our 443 00:22:50,840 --> 00:22:52,879 Speaker 1: wealth layers, all right. So let's go back to the 444 00:22:52,920 --> 00:22:56,080 Speaker 1: stacked example. Okay, So number one over here, we had 445 00:22:56,320 --> 00:22:58,639 Speaker 1: the life insurance right with one hundred k in it. 446 00:22:59,800 --> 00:23:03,840 Speaker 1: Two we had real estate, right, and now we have 447 00:23:03,880 --> 00:23:06,399 Speaker 1: about five hundred k in real estate here, all right. 448 00:23:06,440 --> 00:23:09,440 Speaker 1: And then level three we're gonna put some bitcoin here, 449 00:23:10,840 --> 00:23:13,119 Speaker 1: bitcoin right there, all right. Now, remember we started with 450 00:23:13,119 --> 00:23:16,320 Speaker 1: one hundred k in the whole life insurance, right, we 451 00:23:16,400 --> 00:23:19,520 Speaker 1: borrowed against that to get the five hundred k in 452 00:23:19,600 --> 00:23:23,320 Speaker 1: real estate. Now, remember as that grew as it appreciated, 453 00:23:23,359 --> 00:23:25,760 Speaker 1: it gave us four hundred thousand inequity. It gave us 454 00:23:25,760 --> 00:23:28,320 Speaker 1: one hundred and seventy five thousand in tax depreciation and 455 00:23:28,400 --> 00:23:33,000 Speaker 1: write offs, meaning that we earned more income to invest 456 00:23:33,040 --> 00:23:35,639 Speaker 1: into bitcoin. If you don't have to pay tax on 457 00:23:35,680 --> 00:23:37,920 Speaker 1: your income because you have write offs, that gives you 458 00:23:37,960 --> 00:23:40,600 Speaker 1: more money to invest in the bitcoin. Right. So instead 459 00:23:40,600 --> 00:23:43,719 Speaker 1: of spending that one seventy five, we can invest that 460 00:23:43,960 --> 00:23:47,920 Speaker 1: one seventy five in tax savings into bitcoin. Now, let's 461 00:23:47,920 --> 00:23:51,399 Speaker 1: say that bitcoin goes up by twenty five percent of 462 00:23:51,400 --> 00:23:53,960 Speaker 1: a year for the next twenty years. Now that number 463 00:23:54,040 --> 00:23:57,400 Speaker 1: is half of its most recent, like five year average, 464 00:23:57,440 --> 00:23:58,760 Speaker 1: so it's half of that. So I'm trying to be 465 00:23:58,800 --> 00:24:00,800 Speaker 1: conservative here. So let's say that it goes up, that 466 00:24:00,840 --> 00:24:03,520 Speaker 1: one seventy five goes up at twenty five percent a 467 00:24:03,560 --> 00:24:06,879 Speaker 1: year for the next twenty years. Times twenty years, that 468 00:24:07,000 --> 00:24:11,560 Speaker 1: number ready for it is going to be fifteen point 469 00:24:11,760 --> 00:24:15,320 Speaker 1: one eight million. Right now, we can borrow against that. 470 00:24:15,640 --> 00:24:18,280 Speaker 1: So let's say that I borrow at a fifty percent 471 00:24:18,640 --> 00:24:21,959 Speaker 1: loan to value, which means I can pull out about 472 00:24:22,000 --> 00:24:26,320 Speaker 1: seven point five million, and uh total interest paid on 473 00:24:26,320 --> 00:24:30,920 Speaker 1: the loans. Let's say that's at ten percent interest per year, 474 00:24:30,960 --> 00:24:33,240 Speaker 1: So that's about you know, one point five million in 475 00:24:33,280 --> 00:24:35,440 Speaker 1: an interest that I'm going to have to pay. Now 476 00:24:35,720 --> 00:24:38,399 Speaker 1: that's even have to borrow against it. The bitcoin is 477 00:24:38,440 --> 00:24:42,520 Speaker 1: still growing exponentially versus if I had sold it, right, 478 00:24:42,680 --> 00:24:45,080 Speaker 1: So now instead of just holding bitcoin, we take the 479 00:24:45,160 --> 00:24:48,879 Speaker 1: borrowed money to seven point five and we reinvest that 480 00:24:49,680 --> 00:24:51,880 Speaker 1: over again. So we can go to a fourth layer, 481 00:24:51,880 --> 00:24:53,240 Speaker 1: where do we go. Well, we can go into real 482 00:24:53,320 --> 00:24:55,840 Speaker 1: estate and that gives us more tax rite offs so 483 00:24:55,880 --> 00:24:57,600 Speaker 1: we don't have to pay any more taxes. We can 484 00:24:57,640 --> 00:25:00,840 Speaker 1: invest it into businesses, we can invest it even into 485 00:25:00,920 --> 00:25:03,800 Speaker 1: more bitcoin. Okay, this is how the wealthy play the game. 486 00:25:04,040 --> 00:25:08,160 Speaker 1: They layer the assets, it compounds the wealth. They write 487 00:25:08,160 --> 00:25:10,520 Speaker 1: off their taxes so they keep more money, and they 488 00:25:10,600 --> 00:25:13,760 Speaker 1: keep that money in motion. Now you can see how 489 00:25:13,760 --> 00:25:16,560 Speaker 1: powerful this is. Right, and we've only stacked three layers 490 00:25:16,560 --> 00:25:19,359 Speaker 1: so far. But the real secret the wealthy don't just 491 00:25:19,440 --> 00:25:22,639 Speaker 1: do this once. They do it over and over again 492 00:25:23,000 --> 00:25:26,280 Speaker 1: with all different types of assets. Now, in five years, 493 00:25:26,440 --> 00:25:29,680 Speaker 1: that same dollar could be doing five jobs, easy, ten jobs, 494 00:25:29,760 --> 00:25:34,160 Speaker 1: even fifteen jobs each one, compounding your wealth faster and faster. 495 00:25:34,200 --> 00:25:36,520 Speaker 1: I mean, this is the real money game here. You 496 00:25:36,640 --> 00:25:39,680 Speaker 1: keep stacking, you keep multiplying, and then you just watch 497 00:25:39,720 --> 00:25:42,440 Speaker 1: how fast you can escape the rat race. And once 498 00:25:42,480 --> 00:25:45,399 Speaker 1: you've got the system running, the next wealth layer is 499 00:25:45,480 --> 00:25:48,200 Speaker 1: business ownership, because now you're in a position to create 500 00:25:48,200 --> 00:25:51,080 Speaker 1: a high cash flow of business that keeps feeding this 501 00:25:51,200 --> 00:25:54,120 Speaker 1: system so you never run out of capital to invest. 502 00:25:54,240 --> 00:25:56,200 Speaker 1: All right. Now, again, that's why I created the Wealth 503 00:25:56,200 --> 00:25:59,520 Speaker 1: Engine Assessment to find out what's your number now. It's 504 00:25:59,520 --> 00:26:01,600 Speaker 1: a free tool that can help you measure your wealth 505 00:26:01,600 --> 00:26:04,520 Speaker 1: building potential. See how fast you can hit that financial 506 00:26:04,560 --> 00:26:07,000 Speaker 1: freedom number. And it's going to calculate where you're at today, 507 00:26:07,320 --> 00:26:09,359 Speaker 1: what layers you need to add next. It's going to 508 00:26:09,359 --> 00:26:11,560 Speaker 1: give you a clear path to start tracking assets and 509 00:26:11,640 --> 00:26:14,520 Speaker 1: multiplying your money. And it includes a free training video 510 00:26:14,680 --> 00:26:16,960 Speaker 1: where I'm going to break it all down step by 511 00:26:16,960 --> 00:26:19,200 Speaker 1: step by step. Okay, like I said, you can grab 512 00:26:19,240 --> 00:26:20,879 Speaker 1: it all for free. There's a link in the description 513 00:26:21,000 --> 00:26:24,120 Speaker 1: down below. But remember wealth isn't just about how much 514 00:26:24,160 --> 00:26:26,879 Speaker 1: you make. It's about how many jobs your money is 515 00:26:26,920 --> 00:26:32,080 Speaker 1: doing for you. So start stacking, keep compounding, and I'll 516 00:26:32,080 --> 00:26:33,000 Speaker 1: see inside the training