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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J.

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Speaker 2: Trump's leadership.

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Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.

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Speaker 1: Under President Trump, attempted illegal border crossings are at the

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Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal

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Speaker 1: aliens have been arrested. If you are here illegally, your

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Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,

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Speaker 1: and deported.

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Speaker 2: You will never return.

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Speaker 1: But if you register using our CBP home app and

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Speaker 1: leave now, you could be allowed to return legally.

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Speaker 2: Do what's right. Leave now.

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Speaker 1: Under President Trump, America's laws, border and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security.

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Speaker 4: So I wanted to say something because I posted something

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Speaker 4: on Instagram and it got a lot of traction, and

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Speaker 4: it was it was actually an old post. But what

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Speaker 4: I realized is that a lot of people you know,

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Speaker 4: don't catch the information when it comes out, or they

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Speaker 4: might be new or they just forgot So I posted

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Speaker 4: about my islet air Vocable Life Insurance trust and this

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Speaker 4: is something that I think is important for people to understand,

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Speaker 4: just the trust period. We should probably at some point

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Speaker 4: bring a lawyer on to talk about trust and the

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Speaker 4: state planning because it's extremely important, especially when you talking

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Speaker 4: about wealth. But the whole point of a trust is

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Speaker 4: to take things out of your name. And this is

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Speaker 4: why when they always say, you say that cliche like

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Speaker 4: what does it own nothing? Control everything? Yes, And that's

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Speaker 4: you know, that's kind of where that that comes from

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Speaker 4: with you know a lot of wealthy people, they don't

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Speaker 4: really and they're not really in a hurry to have

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Speaker 4: their name on everything. And this goes back to even

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Speaker 4: that versus battle with Jizi and Gucci and when Jezi

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Speaker 4: said he owns half Atlanta and then you know, of

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Speaker 4: course people on social media they got to Google in

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Speaker 4: and they was like, well it actually comes out that

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Speaker 4: he only owns one house and making Jeorgia da da dada.

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Speaker 4: Then there's another way of social media people that was like, well,

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Speaker 4: you know, you don't just because your name is not

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Speaker 4: attached to it doesn't mean that you don't. Right, that's

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Speaker 4: actually more beneficient because just how you found out that

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Speaker 4: he owns that house, Like, don't you think that it

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Speaker 4: would probably be beneficial that you wouldn't be able to

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Speaker 4: find it out. And it's like, you know, that's why

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Speaker 4: people own things and trust and LLCs and different things

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Speaker 4: of that nature, for protection on the legal side, but

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Speaker 4: also to take things out of their personal a state,

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Speaker 4: because there's a thing called a state taxes. So this

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Speaker 4: is extremely important where it's like, Okay, as you're accumulating

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Speaker 4: wealth and you become wealthy, this information might not apply

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Speaker 4: to you right now, but God willing, it will apply

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Speaker 4: to you in the future. And this is the whole

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Speaker 4: pointing why you're watching market mondays, Right, So when you're

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Speaker 4: ten million up and when you're twenty million up, now

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Speaker 4: you've got a whole different set of problems. It's not

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Speaker 4: like your problems aren't money, your problems are keeping money. Yes,

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Speaker 4: that's extremely important. Getting money is one thing. Keeping money

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Speaker 4: is a whole different ballgame. And that's the part that

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Speaker 4: they never taught you. They never really taught you how

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Speaker 4: to get money. But some people are smart enough to

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Speaker 4: figure it out, but you definitely wasn't taught how to

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Speaker 4: keep money because even if you get money, it could

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Speaker 4: just be a fluke. They'll let you have money for

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Speaker 4: twenty years, thirty years, but that's not really no real

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Speaker 4: money because ultimately you're just gonna give it back in

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Speaker 4: thirty years. Anyway, when you die, your family, your the irs,

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Speaker 4: everybody's just gonna come and then you know, one generation,

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Speaker 4: you back to where you started. So this is extremely

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Speaker 4: important to understand. So when you hear the word trust,

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Speaker 4: it's a it's just important. I wanted to kind of

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Speaker 4: give that groundwork.

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Speaker 5: Anothering is no peton. I just want to know if

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Speaker 5: it's no peton, let's do this thing always, Let's do this.

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Speaker 6: Then, let's do this.

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Speaker 4: Yeah, money Green, Let's go money Green the money team.

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Speaker 4: So there's a difference between tax evasion and tax avoidance.

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Speaker 4: Let's put this out there right away, because I even

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Speaker 4: not going.

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Speaker 3: Through this with you.

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Speaker 4: Oh, this tax evasion is a federal crime that you

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Speaker 4: will be penalized for and you'll probably go to jail

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Speaker 4: if you ever get caught. This is when you're purposely

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Speaker 4: avoiding paying taxes and you're lying on your income and

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Speaker 4: you're not reporting income. That is tax evasion. That's illegal,

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Speaker 4: and you shouldn't. You should never do that under any circumstances.

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Speaker 4: Tax avoidance is the practice of minimizing the taxes that

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Speaker 4: you owe in a legal and efficient manner. This is

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Speaker 4: something that smart people doing, wealthy people have been doing

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Speaker 4: for a very long period of time. Tax avoidance is

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Speaker 4: not tax evasion. They're two different things, right, And we

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Speaker 4: can have a conversation about Donald Trump at some point

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Speaker 4: if you're interested in but that's a different conversation.

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Speaker 5: All the game, everybody out of team, everybody out of campra.

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Speaker 4: So the whole point, your whole point is to pay

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Speaker 4: as little taxes as possible. There's nothing wrong with that.

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Speaker 4: And this is why it's important to be a business owner.

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Speaker 4: This is why it's important to have deductions. This is

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Speaker 4: why it's important to have employees, because the tax code,

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Speaker 4: once again is not set up for employees. The tax

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Speaker 4: code is set up for entrepreneurs and investors, landowners. These

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Speaker 4: are these are who do you think writes the tax code?

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Speaker 4: This is This is something that people don't fully understand

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Speaker 4: and one thing that you can't do if you're trying

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Speaker 4: to become wealthy. You can't beef with information, don't argue

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Speaker 4: with information, don't find Yeah, but the thing is like,

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Speaker 4: if you're not qualified to speak, you have to listen.

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Speaker 4: You're not qualified to speak, you have to listen. This

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Speaker 4: is where humility comes into play. So all right, Having

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Speaker 4: it said that, the islet irrevocable life and trust very

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Speaker 4: important to understand why this is even important. So the

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Speaker 4: irrevocable life insurance trust is when you have a life

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Speaker 4: insurance policy, but you're not the owner the trust. You

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Speaker 4: have a trust set up and the trust is the

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Speaker 4: owner of the life insurance. Now why is this important?

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Speaker 4: Because if you own life insurance and your own personal

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Speaker 4: name right and you die, now that gets added into

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Speaker 4: your estate. Now, if you're worth five million dollars and

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Speaker 4: you have a five million dollar life insurance policy, now

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Speaker 4: you are actually a state is ten million dollars. It's

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Speaker 4: actually an issue because now you have what's called the

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Speaker 4: state text. You can study what happened to Prince, you

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Speaker 4: can study what happened to Michael Jackson. When you don't

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Speaker 4: have an estate plan, the government comes and they want

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Speaker 4: money within ninety days. So now you have to do.

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Speaker 5: Earners what's up. You ever walk into a small business

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Speaker 5: and everything just works like the checkout is fast, the

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Speaker 5: receipts of digital tipping is a breeze, and you're out

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J.

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Speaker 2: Trump's leadership. I'm Christy Noman, the.

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Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted

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Speaker 1: illegal border crossings are at the lowest levels ever recorded,

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Speaker 1: and over one hundred thousand illegal aliens.

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Speaker 2: Have been arrested.

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Speaker 1: If you are here illegally, your next you will be

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Speaker 1: fine nearly one thousand dollars a day.

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Speaker 2: Imprisoned and deported, you will never return.

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Speaker 1: But if you register using our CBP home app and

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Speaker 1: leave now, you could be allowed to return legally.

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Speaker 2: Do what's right. Leave now.

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Speaker 1: Under President Trump America's laws, border and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security.

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Speaker 4: This is why the whole estate sale. When you see

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Speaker 4: a lot of musicians like Elvis President, they selling his

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Speaker 4: guitar because they don't have enough money. So now you

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Speaker 4: got to do a fire sale. Start selling things, start

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Speaker 4: selling autograph jersey, start selling homes because you got to

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Speaker 4: raise money to give it to the irs. That's because

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Speaker 4: they didn't do a state planning. Extremely important to understand this.

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Speaker 4: So to avoid the life insurance causing an issue. Then

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Speaker 4: you can put it in the trust and being that

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Speaker 4: it's in a trust, it doesn't get added to your

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Speaker 4: estate because you don't own it. The estate owns it.

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Speaker 4: That is the benefit of it. Now. What it also

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Speaker 4: can do is pay a state taxes because if you

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Speaker 4: have taxes that are due, now you can use a

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Speaker 4: portion of the life insurance policy that's owned by the

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Speaker 4: estate tax free to pay your state taxes, and a

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Speaker 4: variety of different other things that you can actually do

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Speaker 4: to set it up. So, like I said, it's not

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Speaker 4: for everybody, but a lot of people listen to market mondays,

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Speaker 4: So I'm assuming that some of the people probably are

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Speaker 4: in that situation where they are wealthy. Just by the

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Speaker 4: number of one hundred thousand people listen to this, some

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Speaker 4: are wealthy. And that's just the law of the law

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Speaker 4: of large numbers. And like I said, if you yourself

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Speaker 4: are not wealthy, that's okay. You're gonna get there at

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Speaker 4: some point. Enough, when you are there, it's better to

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Speaker 4: have the information as opposed to not having the information.

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Speaker 4: We saw it happens piece of takeoff. He didn't have

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Speaker 4: a will, didn't have any estate planning place. His parents,

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Speaker 4: I guess they're they're not together anymore, and now allegedly they're,

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Speaker 4: you know, fighting over his situation, and it's in probat

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Speaker 4: and it's the whole thing. So it's like, these things

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Speaker 4: keep happening, They keep happening. It's been it was happening

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Speaker 4: in the sixties with Jimmy Hendrix, it happened with Prince,

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Speaker 4: it happened with Michael Jacksons, and it happened as recently

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Speaker 4: with Takeoff. This is generations keep making the same mistake

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Speaker 4: because they're not educated and they're not informed, and you're

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Speaker 4: not planning for your death because you're thinking that it's

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Speaker 4: superstitious that if you if you think about death, you're

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Speaker 4: gonna die. Well, news flash, you're gonna die. It's it's

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Speaker 4: one hundred percent chance you're done.

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Speaker 6: You know, I'm not.

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Speaker 4: That's the thing about it, it's one hundred percent chance.

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Speaker 4: I've never met a person that has not I've never

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Speaker 4: met a person that that's that is three hundred years old,

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Speaker 4: five hundred years die proof. I've never met a person

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Speaker 4: that's immortal, never met a person that has Eli Musk,

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Speaker 4: all the money he's I've never met a person that

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Speaker 4: has become immortal. Yes, who knows, maybe maybe they maybe

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Speaker 4: they are. I just never met I've never met an

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Speaker 4: immortal person before.

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Speaker 6: I never met with some of them babies they putting

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Speaker 6: like in that matrix boomb they'll be able to for

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Speaker 6: three hundred years.

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Speaker 3: Put them in the bubble the matrix pot.

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Speaker 4: Put them in the bubble, the real bubble.

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Speaker 6: That's the other big podcast.

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Speaker 3: Boom we go. See. Yeah, so.

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Speaker 4: Reach out to your trusted lawyer. Get your estate plan

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Speaker 4: in order. This is extremely important and this is what

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Speaker 4: I'm doing myself as right now, I'm getting my estate

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Speaker 4: planning order. So even if you're not at the level

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Speaker 4: to get a trust make check your beneficiaries, get life insurance,

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Speaker 4: get a power of attorney, get a healthcare proxy, get

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Speaker 4: your state plan order. We're at the top of the year.

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Speaker 4: Everybody sat in the New Year's resolution. This is a

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Speaker 4: this is a good resolution for you to have. Have

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Speaker 4: a conversation with your family. Have a conversation with your children.

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Speaker 4: You know, sometimes you got to have uncomfortable conversation. So yeah,

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Speaker 4: just wanted to talk about that. I'm sure we'll probably,

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Speaker 4: like I said, at some point, we should probably bring

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Speaker 4: a lawyer on and we can have an even more

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Speaker 4: in depth conversation. But important to keep in mind.

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Speaker 5: New Year's resolution.

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Speaker 3: Check your paperwork.

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Speaker 6: Update your paperwork. Fam Listen, if somebody put it on

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Speaker 6: you good two years ago and y'all broke up, you

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Speaker 6: may want to take her name off of Benice, get

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Speaker 6: all your money and then all your three kids on

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Speaker 6: the side of the man. It just happened. I know

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Speaker 6: somebody who I ain't gonna say your name. I love you.

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Speaker 6: I was in love with her. Why was she in

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Speaker 6: love with what she was doing to you? Okay, great, great?

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Speaker 6: Think what your hair? But not your hair? Right? Never

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Speaker 6: updated this paperwork. Nice little policy came through for the

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Speaker 6: side joint, not the main joint or the kids.

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Speaker 4: And then one last one last thing. Because people ask

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Speaker 4: what's the best type of policy. There's a variety of

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Speaker 4: different type of policies. But the policy that I'm using

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Speaker 4: personally is guaranteed protection universal life because that's a lifelong

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Speaker 4: policy where it doesn't it's not designed to build cash value,

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Speaker 4: so it's a it's a cheaperum then a whole life

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Speaker 4: or I U L. But you don't want to do

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Speaker 4: term with this because term is going to run out,

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Speaker 4: so you need a permanent type of policy. So for

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Speaker 4: all you people that's like, well, whole life isn't a

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Speaker 4: good investment. Well, I'm not here to convince you that

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Speaker 4: is a good investment.

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Speaker 6: But if it runs out and you never get the benefit,

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Speaker 6: that's the great finesse. And I'm pro term in some cases,

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Speaker 6: but if you don't expire before the twenty years or

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Speaker 6: thirty years, and then they get to keep all the premium.

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Speaker 6: That is a big that's like options for the broker trousers.

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Speaker 5: Yeah, yeah, twenty years is here, Yeah, expired.

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Speaker 4: But the guaranteed protection is it is a is another

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Speaker 4: choice where you don't. It's like a hybrid between term

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Speaker 4: and whole life where it doesn't. It's not designed to

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Speaker 4: build cash value, but it's going to be here for

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Speaker 4: the rest of your life, so you don't have to

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Speaker 4: worry about it expiring.

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Speaker 6: So how much coverage you're getting or show how.

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Speaker 4: Much coverage to be determined.

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Speaker 6: Mike clipped that out Shoty, Like what you're doing, boy,

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Speaker 6: have that offline. Join our group text and we'll tell

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Speaker 6: you how much coverage you should be getting to be earned.

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Speaker 7: All right, my graduates from my school being force back

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Speaker 7: drop drop, Mike, drop bag drop.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan.

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Speaker 2: These are just.

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Speaker 1: Some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J.

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Speaker 2: Trump's leadership.

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Speaker 1: I'm Christy Noman, the United States Secretary of Homeland Security.

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Speaker 1: Under President Trump, attempted illegal border crossings are at the

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Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal

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Speaker 1: aliens have been arrested. If you are here illegally, your

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Speaker 1: next you will be fine nearly one thousand dollars a day, imprisoned,

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Speaker 1: and deported, you will never return. But if you register

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Speaker 1: using our CBP home app and leave now, you could

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Speaker 1: be allowed to return legally.

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Speaker 2: Do what's right. Leave now.

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Speaker 1: Under President Trump, America's laws, border and families.

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Speaker 2: Will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security,