1 00:00:00,160 --> 00:00:02,720 Speaker 1: Most people are saving and dreaming of a retirement so 2 00:00:02,759 --> 00:00:04,040 Speaker 1: they can finally have time. 3 00:00:03,840 --> 00:00:05,960 Speaker 2: To do what they want. But what if you didn't 4 00:00:06,000 --> 00:00:08,080 Speaker 2: have to wait? What if you could start to achieve 5 00:00:08,119 --> 00:00:10,080 Speaker 2: this in as little as ninety days. 6 00:00:10,280 --> 00:00:11,920 Speaker 1: Now, in this video, I'm going to break down the 7 00:00:12,039 --> 00:00:15,960 Speaker 1: three step proven system to achieve time freedom fast. This 8 00:00:16,000 --> 00:00:18,520 Speaker 1: isn't about chasing more zeros in your bank account. It's 9 00:00:18,520 --> 00:00:21,360 Speaker 1: about creating a life where money serves you, not the 10 00:00:21,400 --> 00:00:23,119 Speaker 1: other way around. I'm going to show you how to 11 00:00:23,160 --> 00:00:27,120 Speaker 1: get total freedom over your time, your income, and your purpose. Now. 12 00:00:27,160 --> 00:00:28,080 Speaker 2: My name is Mark Moss. 13 00:00:28,080 --> 00:00:31,200 Speaker 1: After building and exiting multiple businesses and now coaching thousands 14 00:00:31,200 --> 00:00:34,520 Speaker 1: of entrepreneurs and investors, I've learned that the dream most 15 00:00:34,560 --> 00:00:36,159 Speaker 1: people want is right in. 16 00:00:36,120 --> 00:00:38,479 Speaker 2: Front of them. So let me show you how. Let's go. 17 00:00:40,800 --> 00:00:43,000 Speaker 1: Now, before I break into the three steps that you 18 00:00:43,040 --> 00:00:44,640 Speaker 1: need to do right away, let me give you the 19 00:00:44,720 --> 00:00:48,040 Speaker 1: backstory so this makes sense to you. So my own 20 00:00:48,080 --> 00:00:50,080 Speaker 1: story was when I was in high school, I used 21 00:00:50,120 --> 00:00:51,920 Speaker 1: to go to my best friend's house all the time 22 00:00:52,240 --> 00:00:54,480 Speaker 1: and we'd always hang out there and across the street, 23 00:00:54,720 --> 00:00:57,920 Speaker 1: his neighbor across the street was always outside doing something 24 00:00:58,000 --> 00:00:59,680 Speaker 1: and he had like a boat, and he had a 25 00:00:59,720 --> 00:01:02,240 Speaker 1: dirt bike, and he had an RV and an off 26 00:01:02,320 --> 00:01:05,080 Speaker 1: road car, and he was always out working on them 27 00:01:05,120 --> 00:01:07,920 Speaker 1: and taking off with his boat or with his dirt bike. 28 00:01:08,240 --> 00:01:11,880 Speaker 1: And I remember at that stage thinking that's what I want. 29 00:01:12,160 --> 00:01:13,240 Speaker 2: I didn't know what he did for work. 30 00:01:13,240 --> 00:01:15,280 Speaker 1: I never actually met the guy, but I remember seeing 31 00:01:15,360 --> 00:01:18,400 Speaker 1: the lifestyle and I thought, that's what I want, and 32 00:01:18,440 --> 00:01:20,800 Speaker 1: it gave me a target that I had. And so 33 00:01:21,280 --> 00:01:23,840 Speaker 1: since then, my goal of my life wasn't like I 34 00:01:23,880 --> 00:01:25,720 Speaker 1: want to be a doctor or a lawyer or a 35 00:01:25,720 --> 00:01:27,640 Speaker 1: police officer like we were taught when we were kids, 36 00:01:27,880 --> 00:01:30,560 Speaker 1: but rather what is the life that I want? And 37 00:01:30,560 --> 00:01:33,520 Speaker 1: then I worked backwards and designed this system from there. 38 00:01:33,920 --> 00:01:36,679 Speaker 1: So that's how it works. Once you can identify what 39 00:01:36,720 --> 00:01:38,759 Speaker 1: you want, you can reverse engineer how to get that. 40 00:01:38,959 --> 00:01:41,240 Speaker 1: And let me show you how my three sets system 41 00:01:41,280 --> 00:01:43,199 Speaker 1: works so you can do the same thing. Now, before 42 00:01:43,240 --> 00:01:45,960 Speaker 1: we jump into the three step system that you can follow, 43 00:01:46,200 --> 00:01:47,840 Speaker 1: then I want to just let you know real quick. 44 00:01:48,000 --> 00:01:50,840 Speaker 1: Probably one of the biggest misconceptions that actually holds people 45 00:01:50,880 --> 00:01:54,040 Speaker 1: back is they misunderstand how to do this. Most people 46 00:01:54,040 --> 00:01:56,320 Speaker 1: think they either need to work in a job for 47 00:01:56,320 --> 00:01:59,200 Speaker 1: forty years and say forever, or the faster route would 48 00:01:59,200 --> 00:02:01,920 Speaker 1: be to start a business, scale the business up, and 49 00:02:02,040 --> 00:02:04,600 Speaker 1: exit the business with a big windfall so they could 50 00:02:04,600 --> 00:02:07,200 Speaker 1: finally achieve that goal. The problem with it is a 51 00:02:07,200 --> 00:02:10,720 Speaker 1: couple things. One, it's way too far delayed gratification for me, 52 00:02:11,080 --> 00:02:14,000 Speaker 1: but more importantly, it's too big of a goal. You see, 53 00:02:14,080 --> 00:02:17,280 Speaker 1: when it comes to goal settings, we need small milestones. 54 00:02:17,480 --> 00:02:19,840 Speaker 1: We gain momentum as we start checking them off. And 55 00:02:19,880 --> 00:02:21,680 Speaker 1: when you set this big goal if I need this 56 00:02:21,720 --> 00:02:24,079 Speaker 1: big exit where I have to save for forty years, 57 00:02:24,240 --> 00:02:26,040 Speaker 1: you get to a point where it's like why even 58 00:02:26,080 --> 00:02:29,400 Speaker 1: bother or I'll start later because that's such a big goal. 59 00:02:29,639 --> 00:02:31,799 Speaker 1: The beauty of this three part system is it gives 60 00:02:31,880 --> 00:02:34,800 Speaker 1: you small, actionable steps that you can take each step 61 00:02:34,840 --> 00:02:37,000 Speaker 1: of the way, which helps you avoid the trap that 62 00:02:37,040 --> 00:02:39,200 Speaker 1: most people fall into of never getting started. 63 00:02:39,240 --> 00:02:40,720 Speaker 2: So, without further ado, let's dig in. 64 00:02:40,800 --> 00:02:44,240 Speaker 1: Let's jump right into step number one, reclaiming your time. 65 00:02:44,600 --> 00:02:47,040 Speaker 1: So in order to reclaim your time, you either need 66 00:02:47,080 --> 00:02:49,400 Speaker 1: to outsource, automate, or eliminate. 67 00:02:49,440 --> 00:02:50,000 Speaker 2: That's what you do. 68 00:02:50,120 --> 00:02:52,920 Speaker 1: Let's talk about outsourcing first. So you need to have 69 00:02:52,960 --> 00:02:54,520 Speaker 1: a team, You need to have a leverage with other 70 00:02:54,600 --> 00:02:57,400 Speaker 1: people to do these lower level tasks. Now, whether you're 71 00:02:57,400 --> 00:03:01,080 Speaker 1: a business owner, maybe you're a consultant, sales rep, or 72 00:03:01,120 --> 00:03:04,079 Speaker 1: something like that, you can find tasks that you can 73 00:03:04,120 --> 00:03:07,200 Speaker 1: outsource to other people that are lower level than you 74 00:03:07,440 --> 00:03:09,600 Speaker 1: for a lower price than you earn and it frees 75 00:03:09,720 --> 00:03:10,320 Speaker 1: up your time. 76 00:03:10,360 --> 00:03:12,600 Speaker 2: But how do you do this is the key piece. 77 00:03:13,080 --> 00:03:15,360 Speaker 1: Now, what I do is I create what I call 78 00:03:15,600 --> 00:03:19,280 Speaker 1: engines that drive value or value engines, and I break 79 00:03:19,280 --> 00:03:22,840 Speaker 1: them down into three classifications. For my business, let's focus 80 00:03:22,880 --> 00:03:26,880 Speaker 1: on two right now. Number one is my acquisition engine. 81 00:03:26,919 --> 00:03:29,320 Speaker 1: So if I'm a sales rep, I'm a consultant, I'm 82 00:03:29,360 --> 00:03:32,760 Speaker 1: a business owner, how do I get customers coming in? 83 00:03:32,840 --> 00:03:34,720 Speaker 1: How do I get income? How do they get here? 84 00:03:34,960 --> 00:03:35,800 Speaker 2: And I would. 85 00:03:35,520 --> 00:03:38,880 Speaker 1: Create this in a step by step process broken down 86 00:03:38,920 --> 00:03:41,720 Speaker 1: so I can understand each step. So, for example, in 87 00:03:41,760 --> 00:03:46,480 Speaker 1: my business, for example, number one, you watch a YouTube video. 88 00:03:46,800 --> 00:03:50,320 Speaker 2: Then what? Then you click on a link? Then what? 89 00:03:50,880 --> 00:03:53,800 Speaker 1: You land on a page where you're offered a free 90 00:03:53,840 --> 00:03:54,800 Speaker 1: reporter or a guide. 91 00:03:55,000 --> 00:03:57,880 Speaker 2: Then what? Then they opt in and give me their 92 00:03:57,920 --> 00:04:01,760 Speaker 2: email to get it. Then what? Then they read the emails? 93 00:04:01,840 --> 00:04:04,760 Speaker 2: Then what? Then they hear about my products? Then what? 94 00:04:04,840 --> 00:04:07,360 Speaker 2: And you chase this down? If you're a sales rep. 95 00:04:07,520 --> 00:04:09,760 Speaker 1: Or I went to a meeting, Okay, then what I 96 00:04:09,800 --> 00:04:13,080 Speaker 1: talked to five people? Then what I got their business cards? 97 00:04:13,280 --> 00:04:13,960 Speaker 2: Then what right? 98 00:04:14,000 --> 00:04:16,440 Speaker 1: And so you can understand how this works. Once I've 99 00:04:16,560 --> 00:04:19,840 Speaker 1: mapped out this acquisition engine, then I break it down 100 00:04:19,920 --> 00:04:22,479 Speaker 1: into the individual tasks that need to be done for 101 00:04:22,560 --> 00:04:24,440 Speaker 1: each of the steps. So I went to the meeting, 102 00:04:24,480 --> 00:04:27,320 Speaker 1: I collected the business card, then what Then I put 103 00:04:27,320 --> 00:04:30,800 Speaker 1: them into my spreadsheet or my CRM. Then I contacted 104 00:04:30,800 --> 00:04:32,880 Speaker 1: my send them as email sequence or whatever that step is. 105 00:04:33,279 --> 00:04:36,039 Speaker 1: Once I've been able to map out the engine and 106 00:04:36,160 --> 00:04:38,719 Speaker 1: all the tasks that are assigned to it, now I 107 00:04:38,800 --> 00:04:42,360 Speaker 1: have a system that I can delegate these individual tasks 108 00:04:42,360 --> 00:04:45,240 Speaker 1: to somebody else. I can hire a virtual assistant in 109 00:04:45,279 --> 00:04:48,080 Speaker 1: South America in the Philippines very cheap. I can delegate 110 00:04:48,080 --> 00:04:51,320 Speaker 1: to somebody else in my office, maybe like me, I 111 00:04:51,320 --> 00:04:53,240 Speaker 1: delegate quite a bit of white work over to. 112 00:04:53,200 --> 00:04:54,760 Speaker 2: My wife or whatever that looks like. 113 00:04:54,800 --> 00:04:57,920 Speaker 1: But the first step is to understand what that acquisition 114 00:04:58,000 --> 00:05:00,360 Speaker 1: process looks like. You might not believe this, or maybe 115 00:05:00,360 --> 00:05:01,919 Speaker 1: you will, maybe you're one of them, but most of 116 00:05:01,920 --> 00:05:05,800 Speaker 1: these entrepreneurs I coach can't even figure this out. And 117 00:05:05,839 --> 00:05:08,040 Speaker 1: I can tell you that if you don't know how 118 00:05:08,120 --> 00:05:11,320 Speaker 1: a customer gets into your business and gives you money. 119 00:05:11,600 --> 00:05:13,680 Speaker 1: If that's not clear, they're never going to figure it 120 00:05:13,680 --> 00:05:16,479 Speaker 1: out either. So that's number one. Number two, then the 121 00:05:16,520 --> 00:05:20,239 Speaker 1: engines I would develop would be what are the fulfillment engines? Great, 122 00:05:20,360 --> 00:05:22,480 Speaker 1: so now I'm a sales rep off signed somebody up. 123 00:05:22,720 --> 00:05:24,839 Speaker 1: What does it look like to get them enrolled into 124 00:05:24,839 --> 00:05:27,839 Speaker 1: the product, to hand them off to get their product installed, 125 00:05:27,920 --> 00:05:28,440 Speaker 1: or whatever that. 126 00:05:28,400 --> 00:05:29,000 Speaker 2: May look like. 127 00:05:29,200 --> 00:05:32,640 Speaker 1: So number one, they get a fulfillment email that has 128 00:05:32,640 --> 00:05:35,520 Speaker 1: the information to need. Number two they get a link 129 00:05:35,600 --> 00:05:37,800 Speaker 1: to set a call or whatever that looks like. And 130 00:05:37,839 --> 00:05:40,280 Speaker 1: so I would go through the business and map out 131 00:05:40,360 --> 00:05:43,080 Speaker 1: all the different acquisition engines. I have all the ways 132 00:05:43,080 --> 00:05:45,640 Speaker 1: that customers could give me money. Then I'd map out 133 00:05:45,720 --> 00:05:48,440 Speaker 1: all the ways that I could fulfill on those customers. 134 00:05:48,520 --> 00:05:50,160 Speaker 1: I would come up with all the tasks that are 135 00:05:50,160 --> 00:05:53,200 Speaker 1: involved with those, and then I can understand what I 136 00:05:53,279 --> 00:05:56,520 Speaker 1: need to pass off doing this step right here, and 137 00:05:56,560 --> 00:05:58,800 Speaker 1: of course having the people to delegate that to, which 138 00:05:58,800 --> 00:06:00,719 Speaker 1: you could find in just a week or two most 139 00:06:00,760 --> 00:06:04,440 Speaker 1: likely could save you ten to twenty hours per week 140 00:06:04,440 --> 00:06:06,120 Speaker 1: at least. That's sort of the average that we see 141 00:06:06,120 --> 00:06:08,480 Speaker 1: with entrepreneurs that we work with. So that's sort of 142 00:06:08,880 --> 00:06:10,560 Speaker 1: one of the first steps that we'll do to start 143 00:06:10,600 --> 00:06:12,719 Speaker 1: reclaiming our time. But the beauty of this is it's 144 00:06:12,800 --> 00:06:16,520 Speaker 1: not just reclaiming our time. Once we're giving this engine 145 00:06:16,520 --> 00:06:19,359 Speaker 1: to somebody else to run, the business can start to 146 00:06:19,520 --> 00:06:23,240 Speaker 1: scale without us, meaning it typically would grow faster with 147 00:06:23,360 --> 00:06:25,839 Speaker 1: you removed out of the situation than with you there 148 00:06:25,920 --> 00:06:28,080 Speaker 1: sort of as this gatekeeper or bottleneck that has to 149 00:06:28,120 --> 00:06:30,760 Speaker 1: go to. So now you've reclaimed your time and most 150 00:06:30,880 --> 00:06:34,240 Speaker 1: likely your business is starting to grow faster. That's step 151 00:06:34,320 --> 00:06:36,680 Speaker 1: number one, which then takes us to the next problem, 152 00:06:36,880 --> 00:06:40,680 Speaker 1: or step number two, which is the oh or optimizing 153 00:06:40,720 --> 00:06:43,679 Speaker 1: your income. Now you have income. Again, whether you're working, 154 00:06:43,760 --> 00:06:45,839 Speaker 1: you're a sales re up, a contract or a business owner, 155 00:06:45,839 --> 00:06:48,520 Speaker 1: you have income. But most of us have a bucket 156 00:06:48,600 --> 00:06:51,200 Speaker 1: the income goes into and it's full of holes. 157 00:06:50,880 --> 00:06:51,440 Speaker 2: In the bottom. 158 00:06:51,760 --> 00:06:55,000 Speaker 1: A small business owner, are you buried in all types 159 00:06:55,040 --> 00:06:57,280 Speaker 1: of work keeping you from the real thing that makes 160 00:06:57,320 --> 00:07:00,200 Speaker 1: you money. Well that's where just Works comes in, all 161 00:07:00,200 --> 00:07:02,760 Speaker 1: in one platform that supports small business growth. 162 00:07:02,920 --> 00:07:04,039 Speaker 2: You can get all. 163 00:07:03,920 --> 00:07:07,120 Speaker 1: Their tools that help with benefits like payroll and HR 164 00:07:07,240 --> 00:07:11,280 Speaker 1: and compliance with transparent pricing. Now they help you hire 165 00:07:11,320 --> 00:07:16,000 Speaker 1: top talent internationally, internew markets, quickly scale international operations without 166 00:07:16,000 --> 00:07:17,960 Speaker 1: the workload and forevery. 167 00:07:17,880 --> 00:07:19,080 Speaker 2: How do I do it? Question? 168 00:07:19,240 --> 00:07:21,600 Speaker 1: You can reach out to their expert staff from sole 169 00:07:21,680 --> 00:07:25,560 Speaker 1: proprietor or a team of twenty. Just Works empowers all 170 00:07:25,640 --> 00:07:29,400 Speaker 1: kinds of small businesses with real human support. So visit 171 00:07:29,600 --> 00:07:33,160 Speaker 1: justworks dot com slash podcast to join the thousands of 172 00:07:33,160 --> 00:07:37,080 Speaker 1: small businesses that trust just Works to take care of payroll, benefits, 173 00:07:37,240 --> 00:07:43,520 Speaker 1: compliance and more. Again, that's Justworks dot com slash podcasts. Now, 174 00:07:43,680 --> 00:07:46,040 Speaker 1: you can try to put water in even faster, but 175 00:07:46,440 --> 00:07:48,920 Speaker 1: if you don't plug those holes, you're never going to 176 00:07:49,000 --> 00:07:50,920 Speaker 1: really get that bucket filled up like you want. 177 00:07:51,040 --> 00:07:53,320 Speaker 2: So how do we do that? There's a couple of 178 00:07:53,320 --> 00:07:53,960 Speaker 2: ways we do this. 179 00:07:54,520 --> 00:07:56,960 Speaker 1: We can look at loans that we're paying, bills that 180 00:07:57,000 --> 00:07:58,920 Speaker 1: are going out, interest, we're paying all. 181 00:07:58,800 --> 00:08:01,320 Speaker 2: Those types of things. Let's talk about the big one. 182 00:08:01,480 --> 00:08:04,400 Speaker 1: The big one is taxes. Now, most people, if you're 183 00:08:04,480 --> 00:08:07,880 Speaker 1: at least self employed, a contract or a business owner, 184 00:08:08,280 --> 00:08:11,280 Speaker 1: most people that I've worked with, can save twenty to 185 00:08:11,320 --> 00:08:15,040 Speaker 1: thirty percent on their tax obligations right out of the gate. 186 00:08:15,320 --> 00:08:17,760 Speaker 1: So there's a handful of tax incentives that we need 187 00:08:17,800 --> 00:08:20,200 Speaker 1: to understand as business owners that we can take. And 188 00:08:20,240 --> 00:08:23,320 Speaker 1: the problem is your CPA is not the person to 189 00:08:23,360 --> 00:08:27,080 Speaker 1: help you do this. Unfortunately, the CPA is not equipped 190 00:08:27,080 --> 00:08:29,680 Speaker 1: to help you optimize your tax efficiency. What they are 191 00:08:29,720 --> 00:08:32,400 Speaker 1: equipped to do is to help you file your taxes. 192 00:08:32,400 --> 00:08:33,080 Speaker 2: They're great for that. 193 00:08:33,240 --> 00:08:35,760 Speaker 1: You certainly need a CPA. I'm not trying to discredit them. 194 00:08:35,880 --> 00:08:38,000 Speaker 1: You need a CPAs part of your team. But if 195 00:08:38,040 --> 00:08:41,000 Speaker 1: you really want to optimize your income and get the 196 00:08:41,000 --> 00:08:43,600 Speaker 1: biggest chunk of money back right away, you need a 197 00:08:43,640 --> 00:08:44,719 Speaker 1: tax strategist. 198 00:08:44,920 --> 00:08:46,640 Speaker 2: And a tax strategist will work with. 199 00:08:46,559 --> 00:08:49,520 Speaker 1: Your CPA to show you how you can optimize your 200 00:08:49,559 --> 00:08:52,440 Speaker 1: business and more importantly, your assets will get to that 201 00:08:52,480 --> 00:08:55,160 Speaker 1: part next, so you can put the assets and the 202 00:08:55,280 --> 00:08:58,840 Speaker 1: entities in the right structure to get the most tax efficiency. 203 00:08:58,920 --> 00:09:02,560 Speaker 1: Income efficiency sued up with more after tax income. So 204 00:09:02,640 --> 00:09:06,280 Speaker 1: now we've reclaimed time and our business is now growing 205 00:09:06,320 --> 00:09:09,520 Speaker 1: faster without us. We need to add people to our team, 206 00:09:09,600 --> 00:09:12,840 Speaker 1: specifically a tax strategist where we can put a couple 207 00:09:12,960 --> 00:09:17,320 Speaker 1: typically three to five tax strategies in place to lower 208 00:09:17,360 --> 00:09:20,040 Speaker 1: our tax bill twenty to thirty percent, so we have 209 00:09:20,120 --> 00:09:23,440 Speaker 1: more time and now we have more income. Once we 210 00:09:23,520 --> 00:09:25,480 Speaker 1: have those two things, it's time to get to the 211 00:09:25,480 --> 00:09:28,480 Speaker 1: fun part, which is step number three, which is the 212 00:09:28,800 --> 00:09:31,720 Speaker 1: m in the realm, or this is multiplying your wealth, 213 00:09:32,040 --> 00:09:35,520 Speaker 1: not increasing it, not adding to it. But I'm talking 214 00:09:35,559 --> 00:09:38,480 Speaker 1: about multiplying your wealth. So now we're to the fun part, 215 00:09:39,080 --> 00:09:41,560 Speaker 1: multiplying our wealth. And there's a couple different ways that 216 00:09:41,600 --> 00:09:43,920 Speaker 1: I think about this. So number one, when I think 217 00:09:43,960 --> 00:09:47,199 Speaker 1: about my wealth overall, I think about not just my money, 218 00:09:47,240 --> 00:09:48,880 Speaker 1: but I think about my time freedom. So we've already 219 00:09:48,880 --> 00:09:51,160 Speaker 1: talked about that, we got our time freedom. We're now 220 00:09:51,280 --> 00:09:54,080 Speaker 1: having more after tax income. But how do we grow 221 00:09:54,120 --> 00:09:55,720 Speaker 1: that in the fastest way and not just grow up, 222 00:09:55,720 --> 00:09:57,559 Speaker 1: but again multiply that. Well, there's a couple of things 223 00:09:57,559 --> 00:09:59,920 Speaker 1: that I think about. Number One, we need to find 224 00:10:00,120 --> 00:10:03,000 Speaker 1: the right assets. So when I talk about the right assets, 225 00:10:03,240 --> 00:10:05,920 Speaker 1: I think about them in a couple different buckets. Number One, 226 00:10:06,000 --> 00:10:10,040 Speaker 1: I think about scarce assets. So these might be beachfront property, 227 00:10:10,320 --> 00:10:15,160 Speaker 1: real estate property, fine art, collectibles, old cars, Mona Lisa paintings, 228 00:10:15,559 --> 00:10:19,000 Speaker 1: Bitcoin falls into this bucket, etc. Then I have assets 229 00:10:19,040 --> 00:10:22,240 Speaker 1: that are energy intensive, so this would be like commodity, 230 00:10:22,320 --> 00:10:24,760 Speaker 1: So to get uranium or nickel or copper out of 231 00:10:24,760 --> 00:10:26,880 Speaker 1: the ground. You have to expend a lot of energy. 232 00:10:27,200 --> 00:10:29,920 Speaker 1: And then third, we have assets that are neither scarce 233 00:10:30,320 --> 00:10:33,720 Speaker 1: nor energy intensive, and I would typically put stocks into 234 00:10:33,720 --> 00:10:35,720 Speaker 1: that four one K mutual fund that type of stuff 235 00:10:35,760 --> 00:10:37,840 Speaker 1: in there. So typically, when I think about multiplying my 236 00:10:37,920 --> 00:10:40,320 Speaker 1: wealth and putting money into an asset that's going to 237 00:10:40,320 --> 00:10:42,719 Speaker 1: grow the fastest, I want to be in first category, 238 00:10:42,760 --> 00:10:46,920 Speaker 1: which is scarce assets. Maybe some in the energy intensive 239 00:10:46,920 --> 00:10:49,520 Speaker 1: assets as well, but really if we want to multiply it, 240 00:10:49,520 --> 00:10:52,000 Speaker 1: there's a completely different strategy, and I call it the 241 00:10:52,120 --> 00:10:55,040 Speaker 1: velocity of money. Now, I velocity of money is a 242 00:10:55,120 --> 00:10:57,680 Speaker 1: term that is used in general economics, and it's used 243 00:10:57,679 --> 00:11:01,640 Speaker 1: to measure how fast one moved through the economy. So 244 00:11:01,720 --> 00:11:05,080 Speaker 1: for example, I go get lunch, I give them a dollar. 245 00:11:05,559 --> 00:11:08,000 Speaker 1: They give that dollar to their food supplier. The food 246 00:11:08,000 --> 00:11:10,320 Speaker 1: supplier gives the dollar to the gas station. The gas 247 00:11:10,360 --> 00:11:13,160 Speaker 1: station gives the dollar to you get the point. And 248 00:11:13,200 --> 00:11:17,600 Speaker 1: now that one dollar has moved four times through the economy, 249 00:11:17,840 --> 00:11:21,760 Speaker 1: creating four dollars of economic growth. But there's only one 250 00:11:21,840 --> 00:11:25,240 Speaker 1: dollar in and I like to apply that to my investments. 251 00:11:25,280 --> 00:11:28,680 Speaker 1: You see, most people think about earning money and putting 252 00:11:28,720 --> 00:11:32,160 Speaker 1: it into an investment one time. I like to think 253 00:11:32,160 --> 00:11:36,120 Speaker 1: about how many times can I invest one single dollar. 254 00:11:36,280 --> 00:11:38,640 Speaker 1: You see, if I can invest a dollar three times, 255 00:11:38,760 --> 00:11:40,559 Speaker 1: I'm gonna grow faster than you. If I can invest 256 00:11:40,559 --> 00:11:43,240 Speaker 1: a dollar five times or ten times, I'm gonna grow 257 00:11:43,320 --> 00:11:46,319 Speaker 1: even faster. And that is what we call multiplication. 258 00:11:46,840 --> 00:11:47,600 Speaker 2: How do we do that? 259 00:11:47,800 --> 00:11:50,760 Speaker 1: Well, we do this by taking different assets and putting 260 00:11:50,760 --> 00:11:55,440 Speaker 1: them into the right proper sequence and order in different 261 00:11:55,440 --> 00:11:58,840 Speaker 1: types of vehicles. So, for example, we use infinite banking 262 00:11:58,880 --> 00:12:02,960 Speaker 1: concept vehicles. We use debt, we use loans, we use leverage, 263 00:12:03,160 --> 00:12:05,880 Speaker 1: we use real estate for tax efficiency, we use other 264 00:12:05,920 --> 00:12:08,600 Speaker 1: assets that are easy to borrow against, like bitcoin, and 265 00:12:08,640 --> 00:12:11,720 Speaker 1: we stack them in the proper order with the tax 266 00:12:11,760 --> 00:12:14,800 Speaker 1: efficiency from step number two to then be able to 267 00:12:14,880 --> 00:12:18,360 Speaker 1: invest those dollars multiple times. Now, this is easy to 268 00:12:18,440 --> 00:12:21,319 Speaker 1: understand from a basic real estate example. Let me just 269 00:12:21,360 --> 00:12:23,400 Speaker 1: give you a super high level one oh one on this. 270 00:12:23,679 --> 00:12:26,440 Speaker 1: Let's just use real estate. Real estate is sort of elementary. 271 00:12:26,440 --> 00:12:28,720 Speaker 1: Most people can understand this. So let's say that I 272 00:12:28,760 --> 00:12:31,640 Speaker 1: buy a rental property somewhere in middle of America, one 273 00:12:31,720 --> 00:12:35,200 Speaker 1: hundred thousand dollars property. And let's just say that it 274 00:12:35,240 --> 00:12:36,840 Speaker 1: needs to be fixed up. Maybe I need to build 275 00:12:36,840 --> 00:12:38,760 Speaker 1: a new garage or a car port, I need to 276 00:12:38,760 --> 00:12:41,280 Speaker 1: paint it, and I can bring some value to that. 277 00:12:41,360 --> 00:12:42,120 Speaker 2: So I buy it for. 278 00:12:42,080 --> 00:12:45,160 Speaker 1: One hundred thousand. After it's done, after I've put a 279 00:12:45,200 --> 00:12:47,080 Speaker 1: new garage or car port or cleaned it up. Now 280 00:12:47,080 --> 00:12:49,680 Speaker 1: it's worth one hundred and twenty one hundred and thirty 281 00:12:49,679 --> 00:12:53,000 Speaker 1: thousand dollars. I could refinance that home and pull ten 282 00:12:53,040 --> 00:12:55,800 Speaker 1: thousand dollars out, which would then give me enough money 283 00:12:55,800 --> 00:12:58,720 Speaker 1: to go buy another property. All right, So now I've 284 00:12:58,720 --> 00:13:01,959 Speaker 1: put money into one propuit, I've pulled the money back 285 00:13:02,000 --> 00:13:04,640 Speaker 1: out and now put it back into another property. 286 00:13:04,800 --> 00:13:05,920 Speaker 2: I could put it into bitcoin. 287 00:13:06,000 --> 00:13:09,040 Speaker 1: Right now, bitcoin's sitting at the seventy five thousand dollars level. 288 00:13:09,160 --> 00:13:10,959 Speaker 1: In a year from now, it's worth one hundred and 289 00:13:11,000 --> 00:13:14,000 Speaker 1: fifty thousand. I could borrow some of the money against 290 00:13:14,000 --> 00:13:16,440 Speaker 1: my bitcoin and then go put it into a piece 291 00:13:16,440 --> 00:13:18,680 Speaker 1: of real estate that I could increase the value, and 292 00:13:18,720 --> 00:13:20,560 Speaker 1: then pull the money out of the real estate and 293 00:13:20,600 --> 00:13:23,280 Speaker 1: go buy a new truck for my business to scale 294 00:13:23,280 --> 00:13:23,920 Speaker 1: my business. 295 00:13:24,040 --> 00:13:25,520 Speaker 2: You start to get the idea. 296 00:13:25,600 --> 00:13:28,600 Speaker 1: So we're starting to stack different assets in different orders. 297 00:13:28,600 --> 00:13:31,680 Speaker 1: Now the sequence and the order of this are very important. 298 00:13:31,800 --> 00:13:34,200 Speaker 1: We need to make sure we're using the right entities 299 00:13:34,320 --> 00:13:36,920 Speaker 1: and we're using the right tax efficiency in order to 300 00:13:36,960 --> 00:13:39,760 Speaker 1: achieve this. But this is how we scale our wealth 301 00:13:39,960 --> 00:13:44,080 Speaker 1: through multiplication by investing the one single dollar multiple times. 302 00:13:44,320 --> 00:13:47,079 Speaker 1: So you can see how this system works together. The 303 00:13:47,120 --> 00:13:51,680 Speaker 1: wrong reclaim our time first to optimize our incomes so 304 00:13:51,679 --> 00:13:54,400 Speaker 1: we're keeping more of it. And then ultimately the money 305 00:13:54,400 --> 00:13:57,440 Speaker 1: that we're keeping more of, we're multiplying it even faster. 306 00:13:57,520 --> 00:14:00,880 Speaker 1: You want to use these three together in the proper sequence. Now, 307 00:14:00,960 --> 00:14:03,680 Speaker 1: there's a template that most movies are made off of. 308 00:14:03,720 --> 00:14:06,000 Speaker 1: It's called the Hero's two Journeys. And the reason why 309 00:14:06,000 --> 00:14:08,640 Speaker 1: the hero has two journeys is because once the hero 310 00:14:08,760 --> 00:14:11,200 Speaker 1: achieves what they set out to achieve, they realize that's 311 00:14:11,240 --> 00:14:13,600 Speaker 1: not actually what they wanted all along, and they wanted 312 00:14:13,640 --> 00:14:16,240 Speaker 1: something different. And that's exactly what's going to happen here. 313 00:14:16,720 --> 00:14:19,920 Speaker 1: Once you get your time back, you get your income back, 314 00:14:19,920 --> 00:14:23,000 Speaker 1: and you build up your wealth assets, you realize there's 315 00:14:23,080 --> 00:14:26,440 Speaker 1: a lot more to life than just working for money. 316 00:14:26,800 --> 00:14:28,840 Speaker 2: Money is not the goal. It's the first goal. It's 317 00:14:28,880 --> 00:14:31,120 Speaker 2: something that we have to conquer first so we can 318 00:14:31,200 --> 00:14:32,960 Speaker 2: get to the next level in life. 319 00:14:33,040 --> 00:14:35,040 Speaker 1: All right. So that's the high level of the system, 320 00:14:35,080 --> 00:14:37,080 Speaker 1: and hopefully that makes sense now. The reason why I 321 00:14:37,120 --> 00:14:39,040 Speaker 1: wanted to break this down in steps for you like this, 322 00:14:39,240 --> 00:14:42,400 Speaker 1: as opposed to the old train of thought of working 323 00:14:42,440 --> 00:14:44,720 Speaker 1: for forty years. So one day maybe I live long 324 00:14:44,800 --> 00:14:47,560 Speaker 1: enough to achieve my goal, or I need to have 325 00:14:47,600 --> 00:14:50,120 Speaker 1: this massive exit of a business I don't even have yet. 326 00:14:50,240 --> 00:14:52,280 Speaker 2: And both of those goals are too far in front 327 00:14:52,280 --> 00:14:52,520 Speaker 2: of us. 328 00:14:52,560 --> 00:14:55,720 Speaker 1: However, this rom system are things that you can start 329 00:14:55,720 --> 00:14:59,440 Speaker 1: taking action on today. You can start to reclaim your 330 00:14:59,440 --> 00:15:04,280 Speaker 1: time right now today. The reason why is money likes speed. 331 00:15:04,360 --> 00:15:07,320 Speaker 1: You need to move fast in these things. I often 332 00:15:07,400 --> 00:15:10,200 Speaker 1: use the old Chinese proverb that the best time to 333 00:15:10,200 --> 00:15:11,680 Speaker 1: plant a tree was twenty years ago. 334 00:15:12,400 --> 00:15:14,360 Speaker 2: You didn't do that. The second best time to plant 335 00:15:14,400 --> 00:15:16,680 Speaker 2: tree is right now today. And so that's what we 336 00:15:16,720 --> 00:15:17,080 Speaker 2: want to do. 337 00:15:17,680 --> 00:15:21,960 Speaker 1: Start by identifying the ways that you get money, mapping 338 00:15:22,000 --> 00:15:24,760 Speaker 1: it out and handing it off to somebody else. Get 339 00:15:24,760 --> 00:15:26,720 Speaker 1: that going right now today. Let me know what you 340 00:15:26,720 --> 00:15:28,280 Speaker 1: think in the comments down below if there's a way 341 00:15:28,320 --> 00:15:29,960 Speaker 1: I can help you. If you'd like to know more 342 00:15:30,000 --> 00:15:33,040 Speaker 1: about the velocity of money system and see that sketched 343 00:15:33,040 --> 00:15:35,120 Speaker 1: out and how that works. You might want to watch 344 00:15:35,160 --> 00:15:38,120 Speaker 1: this video right here and I'll see you over there.