Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership.
Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
Speaker 1: Under President Trump, attempted illegal border crossings are at the
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
Speaker 1: aliens have been arrested. If you are here illegally, your
Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
Speaker 1: and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.
Speaker 4: So I wanted to say something because I posted something
Speaker 4: on Instagram and it got a lot of traction, and
Speaker 4: it was it was actually an old post. But what
Speaker 4: I realized is that a lot of people you know,
Speaker 4: don't catch the information when it comes out, or they
Speaker 4: might be new or they just forgot So I posted
Speaker 4: about my islet air Vocable Life Insurance trust and this
Speaker 4: is something that I think is important for people to understand,
Speaker 4: just the trust period. We should probably at some point
Speaker 4: bring a lawyer on to talk about trust and the
Speaker 4: state planning because it's extremely important, especially when you talking
Speaker 4: about wealth. But the whole point of a trust is
Speaker 4: to take things out of your name. And this is
Speaker 4: why when they always say, you say that cliche like
Speaker 4: what does it own nothing? Control everything? Yes, And that's
Speaker 4: you know, that's kind of where that that comes from
Speaker 4: with you know a lot of wealthy people, they don't
Speaker 4: really and they're not really in a hurry to have
Speaker 4: their name on everything. And this goes back to even
Speaker 4: that versus battle with Jizi and Gucci and when Jezi
Speaker 4: said he owns half Atlanta and then you know, of
Speaker 4: course people on social media they got to Google in
Speaker 4: and they was like, well it actually comes out that
Speaker 4: he only owns one house and making Jeorgia da da dada.
Speaker 4: Then there's another way of social media people that was like, well,
Speaker 4: you know, you don't just because your name is not
Speaker 4: attached to it doesn't mean that you don't. Right, that's
Speaker 4: actually more beneficient because just how you found out that
Speaker 4: he owns that house, Like, don't you think that it
Speaker 4: would probably be beneficial that you wouldn't be able to
Speaker 4: find it out. And it's like, you know, that's why
Speaker 4: people own things and trust and LLCs and different things
Speaker 4: of that nature, for protection on the legal side, but
Speaker 4: also to take things out of their personal a state,
Speaker 4: because there's a thing called a state taxes. So this
Speaker 4: is extremely important where it's like, Okay, as you're accumulating
Speaker 4: wealth and you become wealthy, this information might not apply
Speaker 4: to you right now, but God willing, it will apply
Speaker 4: to you in the future. And this is the whole
Speaker 4: pointing why you're watching market mondays, Right, So when you're
Speaker 4: ten million up and when you're twenty million up, now
Speaker 4: you've got a whole different set of problems. It's not
Speaker 4: like your problems aren't money, your problems are keeping money. Yes,
Speaker 4: that's extremely important. Getting money is one thing. Keeping money
Speaker 4: is a whole different ballgame. And that's the part that
Speaker 4: they never taught you. They never really taught you how
Speaker 4: to get money. But some people are smart enough to
Speaker 4: figure it out, but you definitely wasn't taught how to
Speaker 4: keep money because even if you get money, it could
Speaker 4: just be a fluke. They'll let you have money for
Speaker 4: twenty years, thirty years, but that's not really no real
Speaker 4: money because ultimately you're just gonna give it back in
Speaker 4: thirty years. Anyway, when you die, your family, your the irs,
Speaker 4: everybody's just gonna come and then you know, one generation,
Speaker 4: you back to where you started. So this is extremely
Speaker 4: important to understand. So when you hear the word trust,
Speaker 4: it's a it's just important. I wanted to kind of
Speaker 4: give that groundwork.
Speaker 5: Anothering is no peton. I just want to know if
Speaker 5: it's no peton, let's do this thing always, Let's do this.
Speaker 6: Then, let's do this.
Speaker 4: Yeah, money Green, Let's go money Green the money team.
Speaker 4: So there's a difference between tax evasion and tax avoidance.
Speaker 4: Let's put this out there right away, because I even
Speaker 4: not going.
Speaker 3: Through this with you.
Speaker 4: Oh, this tax evasion is a federal crime that you
Speaker 4: will be penalized for and you'll probably go to jail
Speaker 4: if you ever get caught. This is when you're purposely
Speaker 4: avoiding paying taxes and you're lying on your income and
Speaker 4: you're not reporting income. That is tax evasion. That's illegal,
Speaker 4: and you shouldn't. You should never do that under any circumstances.
Speaker 4: Tax avoidance is the practice of minimizing the taxes that
Speaker 4: you owe in a legal and efficient manner. This is
Speaker 4: something that smart people doing, wealthy people have been doing
Speaker 4: for a very long period of time. Tax avoidance is
Speaker 4: not tax evasion. They're two different things, right, And we
Speaker 4: can have a conversation about Donald Trump at some point
Speaker 4: if you're interested in but that's a different conversation.
Speaker 5: All the game, everybody out of team, everybody out of campra.
Speaker 4: So the whole point, your whole point is to pay
Speaker 4: as little taxes as possible. There's nothing wrong with that.
Speaker 4: And this is why it's important to be a business owner.
Speaker 4: This is why it's important to have deductions. This is
Speaker 4: why it's important to have employees, because the tax code,
Speaker 4: once again is not set up for employees. The tax
Speaker 4: code is set up for entrepreneurs and investors, landowners. These
Speaker 4: are these are who do you think writes the tax code?
Speaker 4: This is This is something that people don't fully understand
Speaker 4: and one thing that you can't do if you're trying
Speaker 4: to become wealthy. You can't beef with information, don't argue
Speaker 4: with information, don't find Yeah, but the thing is like,
Speaker 4: if you're not qualified to speak, you have to listen.
Speaker 4: You're not qualified to speak, you have to listen. This
Speaker 4: is where humility comes into play. So all right, Having
Speaker 4: it said that, the islet irrevocable life and trust very
Speaker 4: important to understand why this is even important. So the
Speaker 4: irrevocable life insurance trust is when you have a life
Speaker 4: insurance policy, but you're not the owner the trust. You
Speaker 4: have a trust set up and the trust is the
Speaker 4: owner of the life insurance. Now why is this important?
Speaker 4: Because if you own life insurance and your own personal
Speaker 4: name right and you die, now that gets added into
Speaker 4: your estate. Now, if you're worth five million dollars and
Speaker 4: you have a five million dollar life insurance policy, now
Speaker 4: you are actually a state is ten million dollars. It's
Speaker 4: actually an issue because now you have what's called the
Speaker 4: state text. You can study what happened to Prince, you
Speaker 4: can study what happened to Michael Jackson. When you don't
Speaker 4: have an estate plan, the government comes and they want
Speaker 4: money within ninety days. So now you have to do.
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership. I'm Christy Noman, the.
Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
Speaker 1: illegal border crossings are at the lowest levels ever recorded,
Speaker 1: and over one hundred thousand illegal aliens.
Speaker 2: Have been arrested.
Speaker 1: If you are here illegally, your next you will be
Speaker 1: fine nearly one thousand dollars a day.
Speaker 2: Imprisoned and deported, you will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump America's laws, border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.
Speaker 4: This is why the whole estate sale. When you see
Speaker 4: a lot of musicians like Elvis President, they selling his
Speaker 4: guitar because they don't have enough money. So now you
Speaker 4: got to do a fire sale. Start selling things, start
Speaker 4: selling autograph jersey, start selling homes because you got to
Speaker 4: raise money to give it to the irs. That's because
Speaker 4: they didn't do a state planning. Extremely important to understand this.
Speaker 4: So to avoid the life insurance causing an issue. Then
Speaker 4: you can put it in the trust and being that
Speaker 4: it's in a trust, it doesn't get added to your
Speaker 4: estate because you don't own it. The estate owns it.
Speaker 4: That is the benefit of it. Now. What it also
Speaker 4: can do is pay a state taxes because if you
Speaker 4: have taxes that are due, now you can use a
Speaker 4: portion of the life insurance policy that's owned by the
Speaker 4: estate tax free to pay your state taxes, and a
Speaker 4: variety of different other things that you can actually do
Speaker 4: to set it up. So, like I said, it's not
Speaker 4: for everybody, but a lot of people listen to market mondays,
Speaker 4: So I'm assuming that some of the people probably are
Speaker 4: in that situation where they are wealthy. Just by the
Speaker 4: number of one hundred thousand people listen to this, some
Speaker 4: are wealthy. And that's just the law of the law
Speaker 4: of large numbers. And like I said, if you yourself
Speaker 4: are not wealthy, that's okay. You're gonna get there at
Speaker 4: some point. Enough, when you are there, it's better to
Speaker 4: have the information as opposed to not having the information.
Speaker 4: We saw it happens piece of takeoff. He didn't have
Speaker 4: a will, didn't have any estate planning place. His parents,
Speaker 4: I guess they're they're not together anymore, and now allegedly they're,
Speaker 4: you know, fighting over his situation, and it's in probat
Speaker 4: and it's the whole thing. So it's like, these things
Speaker 4: keep happening, They keep happening. It's been it was happening
Speaker 4: in the sixties with Jimmy Hendrix, it happened with Prince,
Speaker 4: it happened with Michael Jacksons, and it happened as recently
Speaker 4: with Takeoff. This is generations keep making the same mistake
Speaker 4: because they're not educated and they're not informed, and you're
Speaker 4: not planning for your death because you're thinking that it's
Speaker 4: superstitious that if you if you think about death, you're
Speaker 4: gonna die. Well, news flash, you're gonna die. It's it's
Speaker 4: one hundred percent chance you're done.
Speaker 6: You know, I'm not.
Speaker 4: That's the thing about it, it's one hundred percent chance.
Speaker 4: I've never met a person that has not I've never
Speaker 4: met a person that that's that is three hundred years old,
Speaker 4: five hundred years die proof. I've never met a person
Speaker 4: that's immortal, never met a person that has Eli Musk,
Speaker 4: all the money he's I've never met a person that
Speaker 4: has become immortal. Yes, who knows, maybe maybe they maybe
Speaker 4: they are. I just never met I've never met an
Speaker 4: immortal person before.
Speaker 6: I never met with some of them babies they putting
Speaker 6: like in that matrix boomb they'll be able to for
Speaker 6: three hundred years.
Speaker 3: Put them in the bubble the matrix pot.
Speaker 4: Put them in the bubble, the real bubble.
Speaker 6: That's the other big podcast.
Speaker 3: Boom we go. See. Yeah, so.
Speaker 4: Reach out to your trusted lawyer. Get your estate plan
Speaker 4: in order. This is extremely important and this is what
Speaker 4: I'm doing myself as right now, I'm getting my estate
Speaker 4: planning order. So even if you're not at the level
Speaker 4: to get a trust make check your beneficiaries, get life insurance,
Speaker 4: get a power of attorney, get a healthcare proxy, get
Speaker 4: your state plan order. We're at the top of the year.
Speaker 4: Everybody sat in the New Year's resolution. This is a
Speaker 4: this is a good resolution for you to have. Have
Speaker 4: a conversation with your family. Have a conversation with your children.
Speaker 4: You know, sometimes you got to have uncomfortable conversation. So yeah,
Speaker 4: just wanted to talk about that. I'm sure we'll probably,
Speaker 4: like I said, at some point, we should probably bring
Speaker 4: a lawyer on and we can have an even more
Speaker 4: in depth conversation. But important to keep in mind.
Speaker 5: New Year's resolution.
Speaker 3: Check your paperwork.
Speaker 6: Update your paperwork. Fam Listen, if somebody put it on
Speaker 6: you good two years ago and y'all broke up, you
Speaker 6: may want to take her name off of Benice, get
Speaker 6: all your money and then all your three kids on
Speaker 6: the side of the man. It just happened. I know
Speaker 6: somebody who I ain't gonna say your name. I love you.
Speaker 6: I was in love with her. Why was she in
Speaker 6: love with what she was doing to you? Okay, great, great?
Speaker 6: Think what your hair? But not your hair? Right? Never
Speaker 6: updated this paperwork. Nice little policy came through for the
Speaker 6: side joint, not the main joint or the kids.
Speaker 4: And then one last one last thing. Because people ask
Speaker 4: what's the best type of policy. There's a variety of
Speaker 4: different type of policies. But the policy that I'm using
Speaker 4: personally is guaranteed protection universal life because that's a lifelong
Speaker 4: policy where it doesn't it's not designed to build cash value,
Speaker 4: so it's a it's a cheaperum then a whole life
Speaker 4: or I U L. But you don't want to do
Speaker 4: term with this because term is going to run out,
Speaker 4: so you need a permanent type of policy. So for
Speaker 4: all you people that's like, well, whole life isn't a
Speaker 4: good investment. Well, I'm not here to convince you that
Speaker 4: is a good investment.
Speaker 6: But if it runs out and you never get the benefit,
Speaker 6: that's the great finesse. And I'm pro term in some cases,
Speaker 6: but if you don't expire before the twenty years or
Speaker 6: thirty years, and then they get to keep all the premium.
Speaker 6: That is a big that's like options for the broker trousers.
Speaker 5: Yeah, yeah, twenty years is here, Yeah, expired.
Speaker 4: But the guaranteed protection is it is a is another
Speaker 4: choice where you don't. It's like a hybrid between term
Speaker 4: and whole life where it doesn't. It's not designed to
Speaker 4: build cash value, but it's going to be here for
Speaker 4: the rest of your life, so you don't have to
Speaker 4: worry about it expiring.
Speaker 6: So how much coverage you're getting or show how.
Speaker 4: Much coverage to be determined.
Speaker 6: Mike clipped that out Shoty, Like what you're doing, boy,
Speaker 6: have that offline. Join our group text and we'll tell
Speaker 6: you how much coverage you should be getting to be earned.
Speaker 7: All right, my graduates from my school being force back
Speaker 7: drop drop, Mike, drop bag drop.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan.
Speaker 2: These are just.
Speaker 1: Some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership.
Speaker 1: I'm Christy Noman, the United States Secretary of Homeland Security.
Speaker 1: Under President Trump, attempted illegal border crossings are at the
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
Speaker 1: aliens have been arrested. If you are here illegally, your
Speaker 1: next you will be fine nearly one thousand dollars a day, imprisoned,
Speaker 1: and deported, you will never return. But if you register
Speaker 1: using our CBP home app and leave now, you could
Speaker 1: be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and families.
Speaker 2: Will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security,