WEBVTT - Live Below Your Means: The Key to Lasting Wealth

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>You ever walk into a small business and everything just

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<v Speaker 2>works like The checkout is fast, the receipts are digital,

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<v Speaker 2>tipping is a breeze, and you're out the door before

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<v Speaker 1>On what matters most Ready.

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<v Speaker 2>Let's Square handle the back end so you can keep

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<v Speaker 2>pushing your vision forward. This episode is brought to you

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<v Speaker 2>by P and C Bank, a lot of people think

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<v Speaker 2>podcasts about work are boring, and sure they definitely can be,

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<v Speaker 2>but understanding of professional's routine shows us how they achieve

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<v Speaker 2>their success little by little, day after day. It's like

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<v Speaker 2>banking with P and C Bank. It might seem boring

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<v Speaker 2>to save, plan and make calculated decisions with your bank,

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<v Speaker 2>but keeping your money boring is what helps you live

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<v Speaker 2>or more happily fulfilled life. P and C Bank Brilliantly

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<v Speaker 2>Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

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<v Speaker 2>five is a service mark of the PNC Financial Service Group, Inc.

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<v Speaker 2>P and C Bank National Association Member FDIC.

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<v Speaker 3>You gotta think about if you died today, what will

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<v Speaker 3>happen at least every couple of more important. That's important

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<v Speaker 3>because most of the time, and even for me, I

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<v Speaker 3>had to realize that, like most of the most of us,

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<v Speaker 3>if we die today, it's not organized enough. And that's

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<v Speaker 3>that's a problem. That's bulletproof. You gotta think if I

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<v Speaker 3>die today, and you gotta avoid money traps. And I've

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<v Speaker 3>talked about this last week, but I'm going to double

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<v Speaker 3>down is because I'm you know, some helping people is

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<v Speaker 3>more important than what critics have to say. Buying a

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<v Speaker 3>home is extremely important, but it's also can be a

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<v Speaker 3>money trap. It could be a money pit. That's unfortunate

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<v Speaker 3>situation because once you're in it, you can't really turn around.

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<v Speaker 4>But buy a home, like if you can, if you.

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<v Speaker 3>Can get approved for a million dollar mortgage, buy a

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<v Speaker 3>condo for two fifty, thank me later, Hello, thank me later.

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<v Speaker 1>I'll go through it. So you wouldn't do it after.

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<v Speaker 3>You you might not have the same level of Okay,

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<v Speaker 3>I'm gonna bring this girl all over and she thank

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<v Speaker 3>me later.

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<v Speaker 1>If she wants you, she wants you, regardless of you.

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<v Speaker 1>By Y're gonna build it together by.

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<v Speaker 3>Lower yes you than what you get approved form. Thank

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<v Speaker 3>me later, Yeah, because it's more beneficial to have money

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<v Speaker 3>working for you.

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<v Speaker 4>For sure, then you.

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<v Speaker 3>Actually putting money into something that potentially down the line

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<v Speaker 3>you can have equity down the line.

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<v Speaker 4>You need somewhere to live. That's important for sure.

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<v Speaker 3>Modesty is important in life, but in this home thing

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<v Speaker 3>that's probably even more important than anything. The modesty nobody

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<v Speaker 3>ever talks about that. You gotta be modest and you're

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<v Speaker 3>living that's the most important thing. I'm a modest and

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<v Speaker 3>that's one lesson that we can learn from Warren Buffer.

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<v Speaker 3>I don't know if this is true or not, but

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<v Speaker 3>they always say that he lived in the same house

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<v Speaker 3>that grew up in Omahona. Brast Oh he kept it modest.

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<v Speaker 3>Modest in your living. Be modest in your.

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<v Speaker 1>Living, because if you don't have hot I'm going to

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<v Speaker 1>cut you off. You go ahead. That's you're right.

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<v Speaker 4>It's the biggest thing.

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<v Speaker 3>It's the biggest expense, and it's an ongoing expense, and

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<v Speaker 3>it's an expense that only gets more expensive.

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<v Speaker 5>Oh and I know y'all want to tell them big

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<v Speaker 5>ass parties.

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<v Speaker 1>And then someone slips on your marble. Not fun.

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<v Speaker 5>Two hundred and fourteen thousand dollars lawsuit for a person.

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<v Speaker 5>Oh and if I ever passed early, God forbid. Let's

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<v Speaker 5>just be public record. Don't go to my mom and

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<v Speaker 5>my cousin talking about Ian would have want me to

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<v Speaker 5>have this. I want you to have nothing fit in

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<v Speaker 5>the world. Sorry, sorry, right, no, no, best your love.

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<v Speaker 1>If you couldn't go to give my mama a hug.

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<v Speaker 2>Yeah, I did that as soon as we were building,

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<v Speaker 2>and I was like, this is a moment I had

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<v Speaker 2>the red button. I was like, I went to day.

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<v Speaker 2>I'm like, yo, here's the coldes, here's a coldes, keep

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<v Speaker 2>it saved, put it locked somewhere. Anything happens to me.

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<v Speaker 2>Here's what you do. Just this is what you do,

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<v Speaker 2>and this is what you do. I don't want to

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<v Speaker 2>think about that. Well I did. I thought about it

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<v Speaker 2>for you.

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<v Speaker 5>Yeah, the modesty of the business too over expanding, just

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<v Speaker 5>to over expand and not hiring the right talent. Well,

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<v Speaker 5>what's the quote, higher slow and firefast. Yeah, No one

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<v Speaker 5>talks about the payroll part.

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<v Speaker 3>It's like keep you keep your expenses low at all times.

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<v Speaker 3>Cars like, if you don't, you don't need to necessarily

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<v Speaker 3>buy the car and cash, you can lease it. That's

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<v Speaker 3>when jaysonaid, we don't. At least we bought a whole car,

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<v Speaker 3>as you should. With that good advice, that's actually bad advice.

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<v Speaker 1>It depends on your state.

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<v Speaker 2>When he when he said it, so you said it,

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<v Speaker 2>I think he would go back and look differently at

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<v Speaker 2>that line.

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<v Speaker 4>It's a hustler's mentality, but it's not necessarily.

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<v Speaker 1>It's a brackadigi not necessarily.

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<v Speaker 4>Man and Rose wars.

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<v Speaker 5>If we ever found out what the car really costs,

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<v Speaker 5>we are going to report on it for seven weeks straight.

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<v Speaker 3>Keep your expenses down, and the cars and the jury

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<v Speaker 3>and the homes. It looks good, but it's not necessary

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<v Speaker 3>because one car does the same thing that two cars

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<v Speaker 3>can do. One watch tells the same time that three

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<v Speaker 3>watches can tell. For sure, a three two bedroom house

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<v Speaker 3>serve the same purpose that a six bedroom house, because

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<v Speaker 3>most people's not using six bedrooms.

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<v Speaker 4>What I'm saying is that.

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<v Speaker 3>Live below your means means When they say live below

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<v Speaker 3>your means, nobody's never really critically thought about that. That

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<v Speaker 3>means that your means, you're actually living less than your

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<v Speaker 3>actually means. That means that you actually should be at

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<v Speaker 3>one hundred thousand, but you live in at seventy thousand.

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<v Speaker 3>What does that mean? That means you have to make

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<v Speaker 3>sacrifices live They didn't say live at your means. Nobody

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<v Speaker 3>didn't say live at your means.

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<v Speaker 1>They said living and way below.

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<v Speaker 5>And if I would be honest, it's one of the

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<v Speaker 5>hardest sacrifices I've ever made. Man, Big Mike shots to

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<v Speaker 5>Mike out there and they hit me.

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<v Speaker 1>With what's the what's the biggest.

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<v Speaker 3>And you've done the best, You're actually I'm gonna give

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<v Speaker 3>you credit biblically because you, out of everybody that I've seen,

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<v Speaker 3>you've done the best at living below your means. And

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<v Speaker 3>I mean you still live a good life, but I've

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<v Speaker 3>seen I see it, Like I'm an observant person, right,

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<v Speaker 3>I noticed that you live below your means and that

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<v Speaker 3>takes discipline a ton, And I didn't think because that's

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<v Speaker 3>something that most people would not talk about. But you

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<v Speaker 3>are a very responsible person when it comes to how

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<v Speaker 3>you're living.

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<v Speaker 4>Thank you.

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<v Speaker 1>What's the because this is true, and.

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<v Speaker 2>What's the biggest society pressure that you face when you say,

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<v Speaker 2>like I need to have discipline to do this.

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<v Speaker 1>What are those those pressure points that it's like, damn,

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<v Speaker 1>I really want that or I really could do this,

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<v Speaker 1>but I'm not going to uh just getting offered.

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<v Speaker 5>Hey, come to the brosforst Dealership and we get forty

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<v Speaker 5>fortyf I like you cool. It's tough to take some

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<v Speaker 5>calls and then you see your friends start to It's

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<v Speaker 5>even when Joe went and got the FRA right, Joe

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<v Speaker 5>face tied me like yo, but dog go get matching.

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<v Speaker 5>We're not gonna get matching for our It's like money

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<v Speaker 5>anything like I'm it's soundfly. It's dope on Instagram, but

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<v Speaker 5>is it really worth that? So it's tough though, especially

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<v Speaker 5>not like looking at the houses. And we talked about

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<v Speaker 5>it before the tax on bing O. Now I gotta

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<v Speaker 5>go have somebody go look for me on my behalf.

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<v Speaker 5>So on certain instances, I don't get taxed, but I'm

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<v Speaker 5>not gonna lie.

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<v Speaker 1>It's tough.

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<v Speaker 5>I'll see the future pop up in some of the videos,

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<v Speaker 5>like I need two of them, change two of them.

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<v Speaker 5>Watchers Big Mike almost got me last week. I don't

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<v Speaker 5>care about the reset back. I got it and I

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<v Speaker 5>was like, no, I'm good, I'm beat. Watch so but

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<v Speaker 5>knowing that I'm good and that you know my family

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<v Speaker 5>is good and that my kid is good.

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<v Speaker 1>But now e Xander starting to pressure me.

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<v Speaker 5>Ah yes you do, yeah he like that it'd be nice.

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<v Speaker 1>Yeah, yes you do. Yeah. So it's tough. It's worth it,

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<v Speaker 1>though it is.

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<v Speaker 5>I'm gonna do the buffet. I'm gonna play meek. And

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<v Speaker 5>then on the Private Time Boy two Rose Royces, I said,

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<v Speaker 5>oh okay, Buffett got the first color. Then y'all stop

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<v Speaker 5>saying the Rose Royce on advertise. You just may not

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<v Speaker 5>see where they advertise. We gotta stop a lot of

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<v Speaker 5>these misnumbers that are just not true. Go to F

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<v Speaker 5>one and Monica in it. It's a lot of advertisements

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<v Speaker 5>out there. Select the advertised to the clientele for sure.

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<v Speaker 1>For sure. Well they put that on NBC. Yeah.

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<v Speaker 5>Oh and Rolex and y'all quit copy of watchesis because

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<v Speaker 5>I would like another. But y'all just flat up copy

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<v Speaker 5>on everybody. Jesus the cacario of the watchmakers this year.

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<v Speaker 5>What y'all doing, Jo Scario.

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<v Speaker 3>Cicario, Well, yes, lady and him man, keep that in

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<v Speaker 3>mind when you're on your pathway to become rich, wealthy,

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<v Speaker 3>live below your means. Yeah, and invest as much as

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<v Speaker 3>possible and keep cash on hand at all times.

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<v Speaker 1>Just some matter vestments. I may give you all the

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<v Speaker 1>show though, light show maybe best best.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

0:10:49.920 --> 0:10:53.720
<v Speaker 6>in Massachusetts. An MS thirteen gang member from l Salvador

0:10:53.960 --> 0:10:58.120
<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 6>filming and selling child pronog in Michigan. These are just

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<v Speaker 6>some of the heinous migrant criminals caught because of President

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<v Speaker 6>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 6>crossings are at the lowest levels ever recorded, and over

0:11:18.000 --> 0:11:21.200
<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 6>are here illegally, your next you will be fine nearly

0:11:25.240 --> 0:11:29.240
<v Speaker 6>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 6>never return. But if you register using our CBP home

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<v Speaker 6>app and leave now, you could be allowed to return legally.

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<v Speaker 6>Do what's right, leave now. Under President Trump, America's laws,

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<v Speaker 6>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security,