1 00:00:00,200 --> 00:00:02,120 Speaker 1: Time is running out. And I don't mean in some 2 00:00:02,279 --> 00:00:05,600 Speaker 1: dramatic into the world way. I mean structurally, we're headed 3 00:00:05,640 --> 00:00:08,880 Speaker 1: into a reset window between now and twenty thirty that 4 00:00:08,960 --> 00:00:12,480 Speaker 1: will permanently separate families who planned from families who didn't. 5 00:00:12,600 --> 00:00:15,640 Speaker 1: The truth is that most people don't fail because they didn't. 6 00:00:15,400 --> 00:00:16,240 Speaker 2: Work hard enough. 7 00:00:16,440 --> 00:00:19,639 Speaker 1: They fail because they never built the right system. In 8 00:00:19,720 --> 00:00:22,200 Speaker 1: this video, I'm going to walk you through the six 9 00:00:22,320 --> 00:00:25,959 Speaker 1: laws of generational wealth. This isn't theory, this isn't about hype. 10 00:00:26,000 --> 00:00:28,680 Speaker 1: This is the actual blueprint that families used to build 11 00:00:28,720 --> 00:00:31,600 Speaker 1: wealth that survives them and survives what's coming next. 12 00:00:31,880 --> 00:00:33,480 Speaker 2: So let's go all. 13 00:00:33,440 --> 00:00:34,920 Speaker 1: Right, So let's go ahead, jump right in. We're gonna 14 00:00:34,960 --> 00:00:38,479 Speaker 1: talk about building generational wealth. Now, generational wealth real quickly 15 00:00:38,600 --> 00:00:40,639 Speaker 1: is like so much money you never have to worry 16 00:00:40,640 --> 00:00:42,240 Speaker 1: about running out in your lifetime. 17 00:00:42,520 --> 00:00:43,640 Speaker 2: But you're setting up. 18 00:00:43,600 --> 00:00:46,840 Speaker 1: Your kids, your grandkids, and if you don't have kids, 19 00:00:46,880 --> 00:00:49,400 Speaker 1: then your heirs or your charities or whatever. But I'm 20 00:00:49,440 --> 00:00:51,239 Speaker 1: talking about so much money, and I just before we 21 00:00:51,240 --> 00:00:53,480 Speaker 1: get into this, I just want to say that currently, 22 00:00:53,800 --> 00:00:57,600 Speaker 1: what mainstream financial advisors are helping you do is hopefully 23 00:00:57,680 --> 00:00:59,440 Speaker 1: you've saved up enough money you have enough in your 24 00:00:59,440 --> 00:01:02,080 Speaker 1: stockport and then when you retire, you can sell down 25 00:01:02,120 --> 00:01:04,959 Speaker 1: four percent per year and then hope you cross your 26 00:01:04,959 --> 00:01:08,200 Speaker 1: fingers that you don't run out of money before you die, 27 00:01:08,680 --> 00:01:11,000 Speaker 1: But then you die with zero, and then your heirs 28 00:01:11,080 --> 00:01:12,080 Speaker 1: are starting from zero. 29 00:01:12,480 --> 00:01:14,280 Speaker 2: So what if you could just have so much money 30 00:01:14,319 --> 00:01:14,759 Speaker 2: you never. 31 00:01:14,600 --> 00:01:16,440 Speaker 1: Have to worry about running now and your airs are 32 00:01:16,480 --> 00:01:17,880 Speaker 1: starting from a much higher place. 33 00:01:17,920 --> 00:01:18,840 Speaker 2: That's what we're talking about. 34 00:01:18,959 --> 00:01:21,400 Speaker 1: And before I get into you know, bitcoin and crypto 35 00:01:21,480 --> 00:01:23,560 Speaker 1: and AI and all of that stuff, first you have 36 00:01:23,640 --> 00:01:24,120 Speaker 1: to understand. 37 00:01:24,200 --> 00:01:25,759 Speaker 2: It's about a perspective. 38 00:01:26,080 --> 00:01:29,600 Speaker 1: Okay, It's all about the perspective that we're approaching this under. 39 00:01:29,600 --> 00:01:32,120 Speaker 1: And so I want to set our frame right. And 40 00:01:32,160 --> 00:01:35,160 Speaker 1: so I want to say something that's a little bit 41 00:01:35,160 --> 00:01:36,840 Speaker 1: controversial in today's day and age. 42 00:01:37,080 --> 00:01:37,640 Speaker 2: A lot of. 43 00:01:37,560 --> 00:01:41,120 Speaker 1: People are probably already turned this video off. You've stuck around, 44 00:01:41,160 --> 00:01:42,680 Speaker 1: but already turned this off because they're like, I'm not 45 00:01:42,760 --> 00:01:44,959 Speaker 1: leaving my kids anything. Why would I leave my kids anything? 46 00:01:45,000 --> 00:01:46,760 Speaker 1: That money is going to ruin my kids. Look at 47 00:01:46,760 --> 00:01:48,600 Speaker 1: all these trust fun babies and how bad they are and. 48 00:01:48,600 --> 00:01:49,760 Speaker 2: Blah blah blah blah blah. 49 00:01:49,800 --> 00:01:53,000 Speaker 1: All right, let's break this down. First of all, money 50 00:01:53,680 --> 00:01:55,720 Speaker 1: is just a tool, and the tool can be used 51 00:01:55,720 --> 00:02:02,000 Speaker 1: for good and bad. So money without values, that is 52 00:02:02,040 --> 00:02:02,840 Speaker 1: a disaster. 53 00:02:03,120 --> 00:02:03,560 Speaker 2: Okay. 54 00:02:03,920 --> 00:02:07,080 Speaker 1: So if you raise your kids or you have errors 55 00:02:07,080 --> 00:02:09,200 Speaker 1: you give money to and they don't have good values, 56 00:02:09,320 --> 00:02:11,000 Speaker 1: then all that money is going to do is magnify. 57 00:02:11,040 --> 00:02:11,919 Speaker 2: It's going to amplify. 58 00:02:12,080 --> 00:02:14,200 Speaker 1: So they're going to be bad kids with more money, 59 00:02:14,240 --> 00:02:15,440 Speaker 1: which means they can be more bad. 60 00:02:15,760 --> 00:02:17,640 Speaker 2: I have money, and then I. 61 00:02:17,440 --> 00:02:20,480 Speaker 1: Add my values, the values that help me see the 62 00:02:20,480 --> 00:02:22,520 Speaker 1: world this way, the values that help me build the 63 00:02:22,560 --> 00:02:25,240 Speaker 1: wealth this way. If I can pass those values onto 64 00:02:25,240 --> 00:02:28,000 Speaker 1: my kids, down to my heirs, and then I give 65 00:02:28,080 --> 00:02:29,839 Speaker 1: money to them. 66 00:02:29,720 --> 00:02:33,120 Speaker 2: All right, Now we have legacy, all right. 67 00:02:33,560 --> 00:02:35,200 Speaker 1: I think I have an understanding of the world in 68 00:02:35,240 --> 00:02:37,480 Speaker 1: a certain way. There's certain things that I think we 69 00:02:37,480 --> 00:02:39,720 Speaker 1: should be doing. I often talk about the only reason 70 00:02:39,800 --> 00:02:41,840 Speaker 1: I even care about money is to give my family 71 00:02:41,880 --> 00:02:44,680 Speaker 1: more options and so I can help more people. And 72 00:02:44,720 --> 00:02:46,800 Speaker 1: so if my goal is to help more people and 73 00:02:46,840 --> 00:02:49,840 Speaker 1: fund more churches and help more orphans, then there's no 74 00:02:50,200 --> 00:02:51,600 Speaker 1: limit to the amount of money that I should have, 75 00:02:51,760 --> 00:02:53,600 Speaker 1: because there's no limit to the amount of people I 76 00:02:53,600 --> 00:02:55,760 Speaker 1: can go help. And if we can pass that money 77 00:02:55,760 --> 00:02:58,120 Speaker 1: down to kids that have those same values. 78 00:02:58,760 --> 00:02:59,959 Speaker 2: That's a great benefit for the world. 79 00:03:00,560 --> 00:03:02,880 Speaker 1: But if we don't teach that, then all we have 80 00:03:03,080 --> 00:03:05,480 Speaker 1: is spoiled brats. And the Bible says that a good 81 00:03:05,480 --> 00:03:10,960 Speaker 1: man leaves an inheritance to his children's children generational not 82 00:03:11,080 --> 00:03:14,880 Speaker 1: because money spoils them, but because wisdom prepares them. Let's 83 00:03:14,919 --> 00:03:17,160 Speaker 1: get into this. I'm going to break down six laws 84 00:03:17,320 --> 00:03:21,079 Speaker 1: right now. Six laws of generational wealth. First, think beyond 85 00:03:21,120 --> 00:03:25,760 Speaker 1: yourself generational Second, pick the right fifty year engine. We'll 86 00:03:25,760 --> 00:03:29,720 Speaker 1: talk about that. Three concentrate over compounding important. Number four, 87 00:03:30,040 --> 00:03:32,640 Speaker 1: build the fortress. What does that even mean? Number five 88 00:03:32,760 --> 00:03:36,040 Speaker 1: install the family os, the family operating system. And then 89 00:03:36,120 --> 00:03:39,680 Speaker 1: number six want to kill the assassins. I don't mean literally, 90 00:03:39,720 --> 00:03:41,600 Speaker 1: we're never going to kill people. We're gonna kill the 91 00:03:41,600 --> 00:03:44,880 Speaker 1: assassins that could still this and your kids and their 92 00:03:44,960 --> 00:03:47,960 Speaker 1: kids will be generational wealthy. That means your kids, your 93 00:03:47,960 --> 00:03:51,280 Speaker 1: grandkids will never have to start off of zero again 94 00:03:51,560 --> 00:03:53,560 Speaker 1: if we do this properly. This jump in so law 95 00:03:53,640 --> 00:03:56,760 Speaker 1: number one is think beyond yourself. So this means stop 96 00:03:56,800 --> 00:03:59,440 Speaker 1: thinking about myself. And like I said, modern portfolio theory, 97 00:03:59,440 --> 00:04:01,440 Speaker 1: which is hopeful I have enough money so I die 98 00:04:01,520 --> 00:04:03,400 Speaker 1: right around when it dies with zero. I think there's 99 00:04:03,400 --> 00:04:05,560 Speaker 1: a book written die with zero. What a terrible way 100 00:04:05,600 --> 00:04:08,360 Speaker 1: to think about the world. Let's push value in the world. 101 00:04:08,360 --> 00:04:09,960 Speaker 1: The way that I like to think about it is 102 00:04:10,040 --> 00:04:12,600 Speaker 1: sort of like you know, I like bitcoin. So Bitcoin's 103 00:04:12,640 --> 00:04:15,920 Speaker 1: like a blockchain. Every ten minutes, another block gets added, 104 00:04:16,040 --> 00:04:18,440 Speaker 1: and then another block gets added, and another block gets 105 00:04:18,440 --> 00:04:20,719 Speaker 1: added every ten minutes and the transaction to go in there. 106 00:04:20,800 --> 00:04:22,480 Speaker 1: And this is on the bitcoin blockchain. We call this 107 00:04:22,600 --> 00:04:26,080 Speaker 1: proof of work. So all the computers worked to work 108 00:04:26,120 --> 00:04:28,839 Speaker 1: on this block and put all the transactions in here, 109 00:04:28,920 --> 00:04:30,880 Speaker 1: and then settle that block, and then we go ten 110 00:04:30,920 --> 00:04:33,120 Speaker 1: minutes later, we have another block and all the transactions 111 00:04:33,160 --> 00:04:35,640 Speaker 1: going there. And this is these computers actually have to 112 00:04:35,680 --> 00:04:38,279 Speaker 1: do real work that use real electricity, real energy, and 113 00:04:38,320 --> 00:04:40,120 Speaker 1: so we call this proof of work. But this is 114 00:04:40,160 --> 00:04:42,760 Speaker 1: also like your life. In your lifetime, you've done a 115 00:04:42,800 --> 00:04:44,920 Speaker 1: lot of work. You've spent a lot of time learning things, 116 00:04:44,960 --> 00:04:47,039 Speaker 1: working on things. You've spent a lot of energy and time, 117 00:04:47,360 --> 00:04:50,200 Speaker 1: and what you've been able to accumulate here is your 118 00:04:50,400 --> 00:04:53,240 Speaker 1: proof of work. And you can pass that down to 119 00:04:53,360 --> 00:04:56,080 Speaker 1: have another block, and think about this. Your kids, your 120 00:04:56,080 --> 00:04:58,640 Speaker 1: heirs are the next block. And then their kids, their 121 00:04:58,680 --> 00:05:00,640 Speaker 1: airs are the next block, and we can pass this down. 122 00:05:00,680 --> 00:05:03,320 Speaker 1: So why wouldn't we want the world to be better. 123 00:05:03,200 --> 00:05:04,599 Speaker 2: Than we left it and pass that on. 124 00:05:04,880 --> 00:05:07,800 Speaker 1: So then the plan is is that you have your 125 00:05:07,960 --> 00:05:10,800 Speaker 1: values that you pass down to your kids, and then 126 00:05:10,839 --> 00:05:13,880 Speaker 1: those kids have those values that they passed down to 127 00:05:13,880 --> 00:05:17,440 Speaker 1: your grandkids, one block at a time, building. 128 00:05:17,040 --> 00:05:18,159 Speaker 2: Your proof of work. 129 00:05:18,360 --> 00:05:20,520 Speaker 1: And if you've trained them properly and they train their 130 00:05:20,520 --> 00:05:24,040 Speaker 1: grand kids properly, they're all pushing value back into the world. 131 00:05:24,120 --> 00:05:26,360 Speaker 1: So you don't have to have one hundred year dynasty 132 00:05:26,360 --> 00:05:28,400 Speaker 1: planned here right now. All you need to think about 133 00:05:28,600 --> 00:05:32,240 Speaker 1: is maybe one generation or two generations beyond that. Let's 134 00:05:32,279 --> 00:05:36,160 Speaker 1: jump into law number two, which is concentrate over compound. Now, 135 00:05:36,200 --> 00:05:40,080 Speaker 1: what this means is that rather than diversification. So you 136 00:05:40,160 --> 00:05:43,840 Speaker 1: hear a lot of again traditional financial advice, the radialios 137 00:05:43,880 --> 00:05:46,200 Speaker 1: of the world and talk about the all weather portfolio, 138 00:05:46,240 --> 00:05:48,080 Speaker 1: and you need to invest in, you know, invest into 139 00:05:48,080 --> 00:05:52,000 Speaker 1: twelve or fourteen different asset categories and diversified, diversitified, diversify 140 00:05:52,080 --> 00:05:57,119 Speaker 1: for risk. Really, wealth comes from concentration. You concentrate into 141 00:05:57,240 --> 00:06:00,000 Speaker 1: the right area and then you allow it to compound 142 00:06:00,040 --> 00:06:02,680 Speaker 1: and over time, so This is one of the greatest 143 00:06:02,720 --> 00:06:06,120 Speaker 1: generational cycles that you can imagine, and it's one that 144 00:06:06,160 --> 00:06:08,039 Speaker 1: we're living in right now now. If we want to 145 00:06:08,080 --> 00:06:10,080 Speaker 1: look at this, some of the greatest names in history, 146 00:06:10,120 --> 00:06:13,760 Speaker 1: the names that you know of generational wealth like Rockefeller, 147 00:06:13,880 --> 00:06:21,440 Speaker 1: for example, Vanderbilt, Carnegie, JP Morgan, Henry Ford, Jeff Bezos, 148 00:06:21,800 --> 00:06:25,479 Speaker 1: you know those names. They're generational wealthy. The Rockefellers have 149 00:06:25,520 --> 00:06:29,040 Speaker 1: been able to pass their wealth down for hundreds of years, 150 00:06:29,360 --> 00:06:32,560 Speaker 1: and each one of these people built their wealth in 151 00:06:32,720 --> 00:06:35,440 Speaker 1: one of the fifty year cycles. So something I talk 152 00:06:35,480 --> 00:06:39,120 Speaker 1: about quite often every fifty years, we have a technological revolution, 153 00:06:39,400 --> 00:06:47,240 Speaker 1: and that's where all the generational wealth is made, so oil, steam, engines, steel, banking, automobiles, 154 00:06:47,320 --> 00:06:50,320 Speaker 1: and computer and internet. And so we want to be 155 00:06:50,440 --> 00:06:52,680 Speaker 1: lucky enough to find to be born in one of 156 00:06:52,720 --> 00:06:54,760 Speaker 1: these areas, hopefully not too late, so there's still money 157 00:06:54,800 --> 00:06:56,080 Speaker 1: to be made in it, and then we need to 158 00:06:56,160 --> 00:06:59,000 Speaker 1: concentrate on that and then put our wealth into it 159 00:06:59,240 --> 00:07:01,760 Speaker 1: and allow it to build up. Right, this is how 160 00:07:01,920 --> 00:07:04,520 Speaker 1: real generational. 161 00:07:03,400 --> 00:07:04,200 Speaker 2: Wealth is built. 162 00:07:04,360 --> 00:07:08,360 Speaker 1: Well, it's how generational wealth is earned, how it's created. 163 00:07:08,600 --> 00:07:11,040 Speaker 1: This doesn't pass it downe in generations. We're going to 164 00:07:11,080 --> 00:07:13,320 Speaker 1: come back to that point. Okay, So what are these 165 00:07:13,360 --> 00:07:15,320 Speaker 1: fifty year cycles and how do we find them? How 166 00:07:15,320 --> 00:07:17,800 Speaker 1: do we take advantage of this? That's law number three. 167 00:07:18,080 --> 00:07:21,400 Speaker 1: So we want to pick the right engine, the wealth engine. 168 00:07:21,440 --> 00:07:24,120 Speaker 1: So how do we now create the wealth so we 169 00:07:24,200 --> 00:07:26,680 Speaker 1: have enough to have for ourselves and pass down. We 170 00:07:26,760 --> 00:07:29,360 Speaker 1: have to pick the right engine. So again, about every 171 00:07:29,440 --> 00:07:30,600 Speaker 1: fifty years we have. 172 00:07:30,640 --> 00:07:31,080 Speaker 2: One of these. 173 00:07:31,120 --> 00:07:34,040 Speaker 1: So going back to right here, the first mechanized machines 174 00:07:34,040 --> 00:07:37,280 Speaker 1: in the Industrial Revolution, and then right here steam engines 175 00:07:37,320 --> 00:07:41,200 Speaker 1: and railways about fifty years later, right here steal electricity 176 00:07:41,440 --> 00:07:44,640 Speaker 1: right here, about fifty years later oil and automobiles. Henry 177 00:07:44,640 --> 00:07:48,440 Speaker 1: forward right here at telecom This is computers, internet, bezos 178 00:07:48,720 --> 00:07:49,560 Speaker 1: right all right here. 179 00:07:49,720 --> 00:07:50,560 Speaker 2: Okay, So we have the. 180 00:07:50,520 --> 00:07:53,760 Speaker 1: Benefit of being born right here. Now we have this 181 00:07:53,880 --> 00:07:58,000 Speaker 1: benefit now from right now, about twenty twenty to about 182 00:07:58,080 --> 00:08:01,160 Speaker 1: twenty thirty is where the bulk of the money, as 183 00:08:01,240 --> 00:08:03,680 Speaker 1: we made here. We use something called s curve, and 184 00:08:03,720 --> 00:08:05,680 Speaker 1: we know that the bulk of the money is made 185 00:08:05,800 --> 00:08:08,160 Speaker 1: right here in this curve, which is twenty twenty twenty thirty, 186 00:08:08,200 --> 00:08:10,320 Speaker 1: so we have about five years left on top of 187 00:08:10,360 --> 00:08:12,400 Speaker 1: the reason why the urgency is there is because the 188 00:08:12,400 --> 00:08:14,520 Speaker 1: bulk of the move will be made by twenty thirty. 189 00:08:14,800 --> 00:08:17,120 Speaker 1: But also the world's going to look a lot different 190 00:08:17,120 --> 00:08:19,360 Speaker 1: on the other side. On the other side of this, 191 00:08:19,440 --> 00:08:22,240 Speaker 1: when AI is taken over everything, we're not exactly sure 192 00:08:22,240 --> 00:08:24,240 Speaker 1: what the economy and what the business economy and the 193 00:08:24,320 --> 00:08:27,240 Speaker 1: environment's going to look like. It's going to look completely different. Now. 194 00:08:27,280 --> 00:08:30,600 Speaker 1: I believe in massive prosperity, not destruction, but that doesn't 195 00:08:30,840 --> 00:08:33,959 Speaker 1: mean we're going to avoid short term volatility, doesn't mean 196 00:08:33,960 --> 00:08:36,680 Speaker 1: that we'll avoid short term displacement. 197 00:08:36,960 --> 00:08:38,480 Speaker 2: And so we have about. 198 00:08:38,200 --> 00:08:40,240 Speaker 1: Five years to make as much money as we can 199 00:08:40,720 --> 00:08:42,920 Speaker 1: before everything changes, and we don't know what looks on 200 00:08:42,920 --> 00:08:44,880 Speaker 1: the other side of that. Now. What we want to 201 00:08:44,880 --> 00:08:47,320 Speaker 1: do is we want to build our business as fast 202 00:08:47,320 --> 00:08:49,680 Speaker 1: as we can to put money in there, all right. 203 00:08:49,760 --> 00:08:52,200 Speaker 1: We want to use AI to be more productive so 204 00:08:52,240 --> 00:08:54,000 Speaker 1: our business makes more money so we can put it 205 00:08:54,040 --> 00:08:56,640 Speaker 1: in there. And then we want to buy bitcoin, which 206 00:08:56,679 --> 00:08:59,600 Speaker 1: is our monetary engine that we're holding, and we're building 207 00:08:59,640 --> 00:09:02,320 Speaker 1: in that way. So we're building a business, we're using AI, 208 00:09:02,679 --> 00:09:05,640 Speaker 1: we're saving in bitcoin all right here now real quick, 209 00:09:05,800 --> 00:09:07,839 Speaker 1: if you want to know how we layer all three 210 00:09:07,920 --> 00:09:11,079 Speaker 1: of these assets together, so we get one dollar moving 211 00:09:11,120 --> 00:09:13,880 Speaker 1: through my business, moving through bitcoin, moving through AI, all 212 00:09:13,920 --> 00:09:15,920 Speaker 1: at the same time, to get one dollar doing three 213 00:09:16,000 --> 00:09:18,040 Speaker 1: jobs or five dollars or ten jobs. There's a link 214 00:09:18,080 --> 00:09:20,760 Speaker 1: down below to something I call the wealth Operating System. 215 00:09:20,800 --> 00:09:22,920 Speaker 1: I'm gonna do a live workshop January seventh. I'll put 216 00:09:22,920 --> 00:09:24,959 Speaker 1: a link down here, put a QR to code right here. 217 00:09:25,040 --> 00:09:26,600 Speaker 1: You probably want to check it out. I'm doing it 218 00:09:26,640 --> 00:09:29,360 Speaker 1: one time for twenty twenty six. But let's keep going. 219 00:09:29,400 --> 00:09:32,040 Speaker 1: So now that takes us to law number four, and 220 00:09:32,080 --> 00:09:34,520 Speaker 1: this is to build the fortress. And what am I 221 00:09:34,559 --> 00:09:37,600 Speaker 1: talking about by building the fortress? Well, some of you 222 00:09:37,679 --> 00:09:39,240 Speaker 1: might have already learned this, and some of you might 223 00:09:39,280 --> 00:09:42,400 Speaker 1: not believe what I'm about to say, but keeping money 224 00:09:42,760 --> 00:09:45,319 Speaker 1: is actually way harder than making it. 225 00:09:45,720 --> 00:09:46,520 Speaker 2: Now, if you're still. 226 00:09:46,400 --> 00:09:48,520 Speaker 1: Trying to make it, you may not understand what that means. 227 00:09:48,559 --> 00:09:50,520 Speaker 1: But let me just give you some stats. We know 228 00:09:50,600 --> 00:09:55,640 Speaker 1: that seventy five percent of lottery winners go bankrupt in 229 00:09:55,679 --> 00:09:59,880 Speaker 1: less than five years. They got the money, they got lucky. 230 00:10:00,120 --> 00:10:02,120 Speaker 1: Get in that winning ticket was very difficult, but they 231 00:10:02,160 --> 00:10:05,360 Speaker 1: couldn't keep the money. It's no different than you know, 232 00:10:05,480 --> 00:10:09,439 Speaker 1: musicians or rappers, or NFL football players or basketball players, 233 00:10:09,640 --> 00:10:11,679 Speaker 1: they make that money and it was very hard to 234 00:10:11,679 --> 00:10:14,240 Speaker 1: get into that pro league, become that proafic whatever. But 235 00:10:14,320 --> 00:10:17,000 Speaker 1: they can't keep it, and so we need to make 236 00:10:17,080 --> 00:10:18,679 Speaker 1: the money. We just talked about how we do that 237 00:10:18,720 --> 00:10:21,200 Speaker 1: through our business AI and bitcoin. But now we have 238 00:10:21,280 --> 00:10:24,160 Speaker 1: to build a fortress to keep the money so we 239 00:10:24,200 --> 00:10:26,679 Speaker 1: can pass it down. How do we build that? 240 00:10:26,720 --> 00:10:27,760 Speaker 2: What are we going to protect it from. 241 00:10:27,800 --> 00:10:30,280 Speaker 1: Well, we're going to protect it from taxes, we're going 242 00:10:30,360 --> 00:10:33,880 Speaker 1: to protect it from lawsuits. We're gonna protect it from divorces. 243 00:10:34,040 --> 00:10:36,679 Speaker 1: We're gonna protect it from bad planning. How do we 244 00:10:36,679 --> 00:10:39,000 Speaker 1: do that, Well, we're gonna build a fortress. I'm going 245 00:10:39,040 --> 00:10:42,120 Speaker 1: to do a really bad job of a drawing here, 246 00:10:42,600 --> 00:10:47,199 Speaker 1: but this is basically this is going to be a castle. Right, 247 00:10:47,320 --> 00:10:49,720 Speaker 1: We're building a castle and this is our fortress. And 248 00:10:49,760 --> 00:10:52,520 Speaker 1: inside this we're going to use trusts. So trust are 249 00:10:52,559 --> 00:10:54,800 Speaker 1: like entities like corporations. I build trust and I can 250 00:10:54,880 --> 00:10:58,200 Speaker 1: put my assets in there. That way they're protected from lawsuits. Also, 251 00:10:58,440 --> 00:11:00,679 Speaker 1: those assets can stay in that trust as they go 252 00:11:00,800 --> 00:11:03,440 Speaker 1: down through generations. I have, of course, need a will, 253 00:11:03,640 --> 00:11:05,720 Speaker 1: and the will is going to have the directives of 254 00:11:05,800 --> 00:11:08,599 Speaker 1: how all that works together. I can put my businesses 255 00:11:08,600 --> 00:11:11,800 Speaker 1: into hold companies and so they can get preferential tax 256 00:11:11,840 --> 00:11:14,760 Speaker 1: treatment because taxes are one of the biggest losses of wealth. 257 00:11:14,760 --> 00:11:17,240 Speaker 1: That you can have divorce and taxes, then I can 258 00:11:17,280 --> 00:11:19,760 Speaker 1: do all of that for this asset protection. So again, 259 00:11:19,800 --> 00:11:21,439 Speaker 1: I want to make sure that my assets don't get 260 00:11:21,440 --> 00:11:24,800 Speaker 1: taken in lawsuits, litigation, nobody slips and falls, sues me, 261 00:11:24,880 --> 00:11:27,200 Speaker 1: a car accident, any number of things can happen. I 262 00:11:27,240 --> 00:11:29,920 Speaker 1: need to have the proper tax strategy because again, most 263 00:11:29,960 --> 00:11:32,080 Speaker 1: of your wealth is lost through taxes. If you live 264 00:11:32,080 --> 00:11:34,240 Speaker 1: in a high state like New York or California, fifty 265 00:11:34,280 --> 00:11:37,480 Speaker 1: percent fifty percent of your wealth goes immediately right when 266 00:11:37,520 --> 00:11:40,240 Speaker 1: you earn it, not even counting what happens after you 267 00:11:40,320 --> 00:11:42,840 Speaker 1: make more money through your investments, if you sell a business, 268 00:11:43,480 --> 00:11:45,679 Speaker 1: if you die, Heaven forbid when you die, I mean 269 00:11:45,760 --> 00:11:47,200 Speaker 1: a lot of money goes to taxes. So we need 270 00:11:47,200 --> 00:11:49,480 Speaker 1: a tax strategy, and then we need a succession plan. 271 00:11:49,760 --> 00:11:53,559 Speaker 1: So again, how do I make sure my errors don't 272 00:11:53,559 --> 00:11:55,560 Speaker 1: squander at all? How do I make sure that they 273 00:11:55,559 --> 00:11:57,160 Speaker 1: don't become swood? How do I make sure that they 274 00:11:57,160 --> 00:11:58,920 Speaker 1: don't put into bad investments? And so I need a 275 00:11:58,960 --> 00:12:01,200 Speaker 1: succession plan. I'm going to get more into how we 276 00:12:01,280 --> 00:12:04,440 Speaker 1: do that in a minute, but this, the fortress makes 277 00:12:04,480 --> 00:12:08,280 Speaker 1: sure you stay rich. Okay, so before building in the 278 00:12:08,320 --> 00:12:11,520 Speaker 1: right niche gets us rich. This makes sure that we 279 00:12:11,559 --> 00:12:12,120 Speaker 1: stay rich. 280 00:12:12,320 --> 00:12:12,640 Speaker 2: All right. 281 00:12:12,679 --> 00:12:15,720 Speaker 1: That takes us over to Law number five, which is 282 00:12:16,000 --> 00:12:19,360 Speaker 1: installing the family OS. And this really addresses what I 283 00:12:19,400 --> 00:12:22,240 Speaker 1: think is the heart really the crux of this. Going 284 00:12:22,280 --> 00:12:23,760 Speaker 1: back to what I talked about in the beginning, a 285 00:12:23,760 --> 00:12:25,240 Speaker 1: lot of people think, why would I leave money for 286 00:12:25,320 --> 00:12:27,680 Speaker 1: my kids? This will destroy them, This will ruin them. 287 00:12:27,760 --> 00:12:29,040 Speaker 2: You know, I don't want them to become a trust 288 00:12:29,040 --> 00:12:29,600 Speaker 2: fund kid. 289 00:12:29,679 --> 00:12:32,640 Speaker 1: When money gets passed down, it can be right again, 290 00:12:32,679 --> 00:12:34,640 Speaker 1: it can amplify that. So what we want to do 291 00:12:34,920 --> 00:12:37,599 Speaker 1: is we want to install a family operating system, or 292 00:12:37,640 --> 00:12:40,640 Speaker 1: what I call a family constitution. And just like the 293 00:12:40,720 --> 00:12:44,160 Speaker 1: United States as a constitution that's passed down a set 294 00:12:44,160 --> 00:12:46,719 Speaker 1: of values, a set of protections, and a set of 295 00:12:46,800 --> 00:12:49,760 Speaker 1: laws for a country, for a nation, we can also 296 00:12:49,800 --> 00:12:54,199 Speaker 1: have a family constitution that lays that out for our heirs. 297 00:12:54,400 --> 00:12:58,000 Speaker 1: So for example, you know in this you know family constitution. 298 00:12:58,160 --> 00:13:00,840 Speaker 1: I'll do a bad job of making a book right here, 299 00:13:01,000 --> 00:13:03,440 Speaker 1: but I'm going to spell out all the things in 300 00:13:03,480 --> 00:13:06,560 Speaker 1: here that are important to me, like what like work ethic, 301 00:13:06,920 --> 00:13:09,160 Speaker 1: So I don't want my kids to be spoiled. I 302 00:13:09,240 --> 00:13:11,160 Speaker 1: work my butt off to get everything that they have. 303 00:13:11,520 --> 00:13:14,400 Speaker 1: I only want to give them money if they're also 304 00:13:14,480 --> 00:13:17,360 Speaker 1: working their butt off and that money can help them 305 00:13:17,600 --> 00:13:19,960 Speaker 1: in their hard work. So if they don't have the 306 00:13:20,000 --> 00:13:23,280 Speaker 1: work ethic, which is one of the values in my constitution, 307 00:13:23,720 --> 00:13:26,880 Speaker 1: then no money for them. What else, well, I also 308 00:13:27,000 --> 00:13:31,640 Speaker 1: value education. Okay, now not formal education. I don't want 309 00:13:31,679 --> 00:13:33,520 Speaker 1: them to go to university with it unless they want 310 00:13:33,520 --> 00:13:36,480 Speaker 1: to be a doctor, engineer. But otherwise I value education. 311 00:13:36,520 --> 00:13:38,240 Speaker 1: But they may need to go into a trade school 312 00:13:38,320 --> 00:13:40,839 Speaker 1: or specialty school. And so if they want to learn 313 00:13:40,880 --> 00:13:43,600 Speaker 1: more things, we can give them money from the family 314 00:13:43,640 --> 00:13:44,640 Speaker 1: trust into those things. 315 00:13:44,840 --> 00:13:45,240 Speaker 2: What else? 316 00:13:45,480 --> 00:13:49,240 Speaker 1: I also value generosity, so I want to give a 317 00:13:49,240 --> 00:13:52,080 Speaker 1: certain percentage of the wealth away. I would like my heirs, 318 00:13:52,120 --> 00:13:55,280 Speaker 1: my kids, my grandkids, my great grandkids to be involved 319 00:13:55,280 --> 00:13:57,959 Speaker 1: in charity, to identify people that we can help and 320 00:13:58,080 --> 00:13:59,640 Speaker 1: use some of the money for their so that's spelled 321 00:13:59,679 --> 00:13:59,920 Speaker 1: out in it. 322 00:14:00,400 --> 00:14:01,000 Speaker 2: I want them to. 323 00:14:01,000 --> 00:14:05,080 Speaker 1: Be leaders, so things they can use, courses they can 324 00:14:05,080 --> 00:14:08,559 Speaker 1: take on becoming leaders, starting businesses, to become leaders, maybe 325 00:14:08,760 --> 00:14:11,120 Speaker 1: politics or giving money to politics to be leaders, whatever 326 00:14:11,160 --> 00:14:14,680 Speaker 1: that is. But these would be a representation of values 327 00:14:14,679 --> 00:14:17,760 Speaker 1: that we have, that I have. And if my kids, 328 00:14:17,840 --> 00:14:19,680 Speaker 1: if my grandkids, if my great great great great we 329 00:14:19,880 --> 00:14:23,600 Speaker 1: grandkids want some of the money that's inside this family trust, 330 00:14:23,800 --> 00:14:26,560 Speaker 1: they have to abide by the values that we have. 331 00:14:26,640 --> 00:14:29,080 Speaker 1: The reason why is that if you don't define the culture, 332 00:14:29,280 --> 00:14:31,840 Speaker 1: then you leave the kids up to be absorbed by 333 00:14:31,840 --> 00:14:34,640 Speaker 1: the world's culture. Right, this is where we create the identity. 334 00:14:35,040 --> 00:14:37,080 Speaker 1: This is how I think that the world should work. 335 00:14:37,080 --> 00:14:38,840 Speaker 1: This is how I think we can improve the world. 336 00:14:39,000 --> 00:14:40,560 Speaker 1: And I want my money to go to improve the world. 337 00:14:40,600 --> 00:14:42,320 Speaker 1: And so I want my kids or my grandkids to 338 00:14:42,400 --> 00:14:44,120 Speaker 1: use the money to improve the world the way that 339 00:14:44,400 --> 00:14:47,040 Speaker 1: I saw it. And again, if they don't abide by that, 340 00:14:47,080 --> 00:14:50,320 Speaker 1: then that's fine, but no money for them all right. Now, 341 00:14:50,320 --> 00:14:52,480 Speaker 1: this takes us to law number six, which is kill 342 00:14:52,560 --> 00:14:54,440 Speaker 1: the assassins. And again I don't mean like we're gonna 343 00:14:54,440 --> 00:14:55,560 Speaker 1: go murder anybody. 344 00:14:55,160 --> 00:14:56,960 Speaker 2: But we want to kill the wealth assassins. 345 00:14:57,000 --> 00:14:59,120 Speaker 1: We want to kill all the things that are going 346 00:14:59,200 --> 00:15:01,400 Speaker 1: to be taking well out of this family legacy, this 347 00:15:01,480 --> 00:15:05,800 Speaker 1: generational path. Wealth doesn't die from markets, It dies from 348 00:15:05,800 --> 00:15:08,520 Speaker 1: poor planning. So it's not about the dips in the market. 349 00:15:08,600 --> 00:15:11,000 Speaker 1: The Rockefellers have been able to pass their wealth down 350 00:15:11,240 --> 00:15:13,800 Speaker 1: for hundreds of years through all types of booms and 351 00:15:13,840 --> 00:15:17,040 Speaker 1: bus through all different types of technology cycles. So it's 352 00:15:17,040 --> 00:15:19,400 Speaker 1: not about the markets that kill the wealth. It's the 353 00:15:19,520 --> 00:15:23,720 Speaker 1: planning that kills the wealth. So we have wealth assassins 354 00:15:26,000 --> 00:15:29,800 Speaker 1: that we want to be aware of. Sorry for my 355 00:15:29,880 --> 00:15:33,520 Speaker 1: ride and three messy on on demand. But like what, well, 356 00:15:33,720 --> 00:15:37,840 Speaker 1: like U sudden wealth? So sudden wealth could certainly kill 357 00:15:37,920 --> 00:15:38,320 Speaker 1: your wealth. 358 00:15:38,360 --> 00:15:40,040 Speaker 2: So if you're a kid, you know, if you die 359 00:15:40,080 --> 00:15:42,160 Speaker 2: and you pass down, you know, millions or. 360 00:15:42,080 --> 00:15:44,440 Speaker 1: Tens of millions or how much to your kids, Suddenly 361 00:15:44,680 --> 00:15:45,680 Speaker 1: they're not going to do with it. 362 00:15:46,160 --> 00:15:47,840 Speaker 2: They have no plan, they have no training. 363 00:15:48,160 --> 00:15:49,760 Speaker 1: You're gonna be like throwing them into the deep end 364 00:15:49,760 --> 00:15:51,440 Speaker 1: of the pool and they don't even know how to swim. 365 00:15:51,560 --> 00:15:53,320 Speaker 1: And so all of a sudden, the sudden wealth, which 366 00:15:53,320 --> 00:15:55,000 Speaker 1: is why seventy five percent of a lot of winners 367 00:15:55,000 --> 00:15:55,640 Speaker 1: go bankrupt. 368 00:15:55,800 --> 00:15:56,880 Speaker 2: They don't know what to do with it. 369 00:15:57,160 --> 00:16:01,160 Speaker 1: Also, what else, well, entitlement if they grew up thinking 370 00:16:01,200 --> 00:16:02,720 Speaker 1: that they're just entitled to everything. 371 00:16:02,720 --> 00:16:04,240 Speaker 2: Hey, I grew up from a rich family. I'm used 372 00:16:04,280 --> 00:16:05,520 Speaker 2: to having everything provided for me. 373 00:16:05,920 --> 00:16:08,880 Speaker 1: That could also kill the wealth. We can also have 374 00:16:09,000 --> 00:16:11,240 Speaker 1: let's say that they have no value. So again all 375 00:16:11,280 --> 00:16:13,320 Speaker 1: the things we talked about before. You didn't build the values, 376 00:16:13,360 --> 00:16:15,360 Speaker 1: didn't establish those values, and your kids didn't pass those 377 00:16:15,400 --> 00:16:19,720 Speaker 1: values down. They can also kill the wealth. What else, well, 378 00:16:19,840 --> 00:16:25,160 Speaker 1: bad advisors, So this happens to a lot of you know, athletes, musicians, 379 00:16:25,160 --> 00:16:25,520 Speaker 1: et cetera. 380 00:16:25,760 --> 00:16:27,160 Speaker 2: They hire bad advisors. 381 00:16:27,360 --> 00:16:30,680 Speaker 1: The bad advisors steal from them, put them into bad investments. 382 00:16:30,880 --> 00:16:32,000 Speaker 2: That's another area. 383 00:16:32,160 --> 00:16:35,680 Speaker 1: Also if there's like, say, no structure, So if I 384 00:16:35,800 --> 00:16:38,280 Speaker 1: just passed down the kids the money and it goes 385 00:16:38,280 --> 00:16:39,960 Speaker 1: into their bank account, they don't know what to do 386 00:16:40,000 --> 00:16:41,800 Speaker 1: with it. It's going to be taxed like crazy, and then 387 00:16:41,800 --> 00:16:43,840 Speaker 1: they're probably going to spend it, as opposed to using 388 00:16:43,840 --> 00:16:46,320 Speaker 1: a proper structure where it's like in a trust for example, 389 00:16:46,360 --> 00:16:48,880 Speaker 1: like an irrevocable trust, and then those assets are stuck 390 00:16:48,880 --> 00:16:51,240 Speaker 1: inside there and they could manage that, but they can't just. 391 00:16:51,280 --> 00:16:52,800 Speaker 2: Liquidate it and go spend it. 392 00:16:53,080 --> 00:16:58,640 Speaker 1: What else, no planning right or divorce, So maybe you 393 00:16:58,680 --> 00:17:00,200 Speaker 1: pass it down to your kids and then you kids 394 00:17:00,240 --> 00:17:02,400 Speaker 1: get divorced, they lose half. But again if I pass 395 00:17:02,440 --> 00:17:05,440 Speaker 1: it down in the proper structure like a trust, even 396 00:17:05,440 --> 00:17:07,440 Speaker 1: if they get divorced, they can't. 397 00:17:07,160 --> 00:17:08,560 Speaker 2: Lose the assets, all right. 398 00:17:08,640 --> 00:17:10,600 Speaker 1: So these are like all the types of things that 399 00:17:10,640 --> 00:17:13,080 Speaker 1: we want to plan for. We want to plan ahead 400 00:17:13,119 --> 00:17:15,159 Speaker 1: for these things, and so these are written into the 401 00:17:15,160 --> 00:17:16,520 Speaker 1: constitution where we. 402 00:17:16,520 --> 00:17:17,959 Speaker 2: Build up the proper structures. 403 00:17:18,040 --> 00:17:21,440 Speaker 1: But it really all comes back down to training, education, 404 00:17:21,880 --> 00:17:23,760 Speaker 1: and passing values down to the kids. 405 00:17:23,920 --> 00:17:24,960 Speaker 2: And that probably. 406 00:17:24,640 --> 00:17:28,280 Speaker 1: Involves getting them involved earlier instead of later. You don't 407 00:17:28,280 --> 00:17:30,119 Speaker 1: want them to have the sudden wealth and then not 408 00:17:30,400 --> 00:17:32,439 Speaker 1: know what to do with it, so you have to 409 00:17:32,480 --> 00:17:35,359 Speaker 1: have got them involved earlier, taught them how it's done 410 00:17:35,520 --> 00:17:37,320 Speaker 1: and how to handle it. Okay, So that was law 411 00:17:37,520 --> 00:17:39,919 Speaker 1: number six. And let's just go ahead and stack this 412 00:17:40,080 --> 00:17:42,000 Speaker 1: all up together. If we take a look at the 413 00:17:42,000 --> 00:17:44,399 Speaker 1: full blueprint right here up here at the top, what 414 00:17:44,480 --> 00:17:47,280 Speaker 1: we have is we have our legacy, right so our kids, 415 00:17:47,600 --> 00:17:50,720 Speaker 1: our grandkids, they sit right here. Okay, this is what 416 00:17:50,760 --> 00:17:53,119 Speaker 1: we're planning for right here in the middle. This is 417 00:17:53,119 --> 00:17:55,560 Speaker 1: our engine. Okay, So this is where we're creating the wealth. 418 00:17:55,720 --> 00:17:58,760 Speaker 1: So this is our business. This is our the ai 419 00:17:58,960 --> 00:18:01,720 Speaker 1: that we're invested into using, and this is the bitcoin 420 00:18:02,000 --> 00:18:05,360 Speaker 1: this is the engine for creating the wealth goes right 421 00:18:05,400 --> 00:18:08,399 Speaker 1: here and then down here at the bottom is our systems. 422 00:18:09,080 --> 00:18:10,760 Speaker 2: So this is the systems that we use. This as 423 00:18:10,800 --> 00:18:11,360 Speaker 2: the structure. 424 00:18:11,520 --> 00:18:15,000 Speaker 1: So this is the family os, the operating system that 425 00:18:15,000 --> 00:18:17,680 Speaker 1: we've built, and all of this put together, the trust, 426 00:18:17,960 --> 00:18:22,200 Speaker 1: the constitution is the bedrock of this entire wealth system. 427 00:18:22,400 --> 00:18:25,760 Speaker 1: And this is how families break the cycle of having 428 00:18:25,800 --> 00:18:28,879 Speaker 1: to start over every single time. It's not just the money. 429 00:18:28,960 --> 00:18:30,800 Speaker 1: The money is not enough. That's the sudden wealth. 430 00:18:30,800 --> 00:18:32,440 Speaker 2: That's just like a wrapper or lottery winn. 431 00:18:32,880 --> 00:18:35,840 Speaker 1: It really comes down to the systems that we pass down, 432 00:18:36,080 --> 00:18:38,840 Speaker 1: the education and the values that we pass down, so 433 00:18:38,880 --> 00:18:41,000 Speaker 1: we can pass it back. Now again, don't die with zero, 434 00:18:41,160 --> 00:18:43,760 Speaker 1: pass it down. Don't make your kids and your heirs 435 00:18:44,119 --> 00:18:46,240 Speaker 1: end up with zero. Now. The good thing is is 436 00:18:46,320 --> 00:18:49,160 Speaker 1: there's all types of structure, and there's all types of help, 437 00:18:49,160 --> 00:18:52,479 Speaker 1: and there's all types of systems to do exactly just this. 438 00:18:52,800 --> 00:18:55,720 Speaker 1: Like I said, building just this family operating system. It's 439 00:18:55,800 --> 00:18:58,280 Speaker 1: part of what I call the wealth operating system, which 440 00:18:58,320 --> 00:19:01,679 Speaker 1: is a series of systems that all work together to 441 00:19:01,720 --> 00:19:04,520 Speaker 1: create wealth for yourself and multiple generations and errors. As 442 00:19:04,640 --> 00:19:06,280 Speaker 1: a matter of fact, we have an AI assistant that 443 00:19:06,320 --> 00:19:09,440 Speaker 1: can build this whole family constitutions for you. If you'd 444 00:19:09,440 --> 00:19:11,399 Speaker 1: like to find out more about all these systems, how 445 00:19:11,400 --> 00:19:13,719 Speaker 1: you can stack them all together to build so much 446 00:19:13,800 --> 00:19:15,399 Speaker 1: wealth that you don't run out in your lifetime, and 447 00:19:15,480 --> 00:19:17,600 Speaker 1: you can pass it down for multiple errors. Check out 448 00:19:17,600 --> 00:19:20,560 Speaker 1: the link down below for the wealth OS Accelerator vent. 449 00:19:20,600 --> 00:19:23,680 Speaker 1: I'm hosting live. I'll be live from this stage January seventh. 450 00:19:23,720 --> 00:19:25,320 Speaker 1: I'll put a link on a QR code right here. 451 00:19:25,480 --> 00:19:27,520 Speaker 1: But either way, whether you want to come hang out 452 00:19:27,560 --> 00:19:29,080 Speaker 1: with me for a couple days while I'm live from 453 00:19:29,119 --> 00:19:31,119 Speaker 1: the stage and I'll help you and i'll train you 454 00:19:31,280 --> 00:19:33,480 Speaker 1: doing it live in real time, or you do it 455 00:19:33,520 --> 00:19:36,520 Speaker 1: on your own. Either way, don't sleep on this. Definitely, 456 00:19:36,760 --> 00:19:40,359 Speaker 1: do not die with zero. Don't make your kids, your grandkids, 457 00:19:40,440 --> 00:19:42,720 Speaker 1: or your heirs start over from zero. 458 00:19:43,000 --> 00:19:44,879 Speaker 2: Give them a higher footing. And that's what I got. 459 00:19:44,880 --> 00:19:46,880 Speaker 2: All right to your success. I'm out.