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More ways to make money than

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Hustle side gigs, creative endeavors that people

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can do to make money. What?

1:57

Was the actual moment where you.

2:00

Roka generational conditioning around scarcity and

2:02

on walked it into abundance for

2:04

you were comforted into money entering

2:06

your hands and your bank accounts.

2:08

or as it's it's it's weird

2:11

because I was a sprinkler I

2:13

think of me and like sixteen

2:15

thousand dollars a year. Of.

2:18

You. Know and and driving a limo it and night to make

2:20

ends meet. Arm. And.

2:23

My roommate at the time. Was.

2:25

A waiter a mega like seventy seven thousand dollars

2:27

a year and I think it's. I can

2:29

always we tables but I wasn't in it for

2:31

the sixteen thousand right? I was enough for career

2:33

path in the early. make a bunch of money

2:35

as I can a weird thing and was kinda

2:37

like. If. I lose my ego with

2:39

ahead no evil. Back then I was driving a limo. he

2:42

doesn't have a day. I was like if I lose my

2:44

edo. Can always get a job. I.

2:47

Can always get a job. Not. Gonna be

2:49

completely must make I might be born

2:51

I've been. Broke before and I'm

2:53

okay with that. Not hungry times, right? Like.

2:56

Yeah. I'm good friends. goof off, do whatever.

2:59

But. He. Gave me kind of this. Freedom.

3:03

Like. There's this safety net of

3:05

like. And will be able to

3:07

find something. right? And

3:09

I remember I'm one of the as yams

3:12

I were for the sky the mark and

3:14

he was like. A Speed garbage. I

3:16

run a of this. they said displays down. I can.

3:18

I can always I was I was shocked. To. Even

3:20

like so. You. Know if

3:23

I lose my ego about like

3:25

and to proud do this job

3:27

right? Then. I

3:29

can always go work. You know it. It didn't

3:31

hear some way more jobs and way more opportunities

3:34

and I don't have the fear of like moving

3:36

to another place to get the job or going

3:38

to another place, etc. The you know it's It's

3:40

painful for a lot of people. And

3:43

people out of the fear of going into new of i'm it.

3:46

Ah, I'm and moving and which I

3:48

think the limits them to are only

3:51

local opportunities. But for me,

3:53

As a I'll go anywhere for the opportunity

3:55

Ago Siberia, you know, In. Our was

3:57

one of those dumb young ambitious people that

3:59

will lay out put me on the moon

4:02

I will trade program. For

4:04

like when I got the chance at as a New York

4:06

City, I've. Left didn't know

4:08

anybody had a mattress, an empty room and

4:11

you know I'll be there. You know sir.

4:13

Yes sir. Let's go. Ray.

4:15

And so and if that didn't work out.

4:18

So. At my side adventures I want.

4:20

I want the scars like I once

4:22

like a life with no mistakes to

4:24

me. Is he on an

4:26

interesting life and unfulfilling life? Actually know

4:29

like you haven't touched filaments you you

4:31

don't know your limits, or because you

4:33

never fail. The

4:35

fittings always work in. Our new veil is

4:37

like what. You never touch the limits. You

4:39

never really sent this. it's a T. Run

4:41

so hard where you are, oh up and

4:43

you're about to pass out. which you know

4:45

I did in college when he's the make

4:48

you run into Pegasus. Ever hear you don't

4:50

know your limits right? Like you don't know

4:52

when you're struggling with the weights? Rate like.

4:54

Me physically, but like also emotionally. like

4:56

until. You've. Said I love you

4:58

for us and you've gone through the break and

5:00

you've done everything you can Silicious have like you

5:03

just don't know. Like this is as much as

5:05

I could give in a relationship. Yeah right. This

5:07

is as much as I can do this as

5:09

as far as I can go. cigarette out this

5:12

business and into bring and help or partners whatever

5:14

you know like they're all those things and so.

5:18

I'm. Wanting. A fulfilling

5:20

ride is the goal. right?

5:23

Literally the money. the money is only it's

5:25

all the get the fulfillment now of i

5:27

have fancy fulfillment things eight and the do

5:30

it but. And I am learning

5:32

how to use that tool to drive of

5:34

of my fulfillment. But I'm also learning. Hey.

5:36

from other professionals and other verticals and a health

5:38

like. How optimize my

5:41

health This time management box? How to

5:43

optimize my. And as

5:45

even into what but it is like. How

5:47

do we hit them? Better deal to get the same

5:49

experience and same fulfillment points when I go to Greece.

5:52

Or don't do that hotel. Get the air Bnb. it'll

5:54

be nicer you actually amorphous homeowner. Be cheaper, near more

5:56

money for the trip. Can span. Rate.

5:59

Some to say. At a macro level

6:01

you know this is how these things interact and

6:03

this is how you should be thinking about there

6:05

are your life with then you can go into

6:07

each vertical and sub optimizers or bread movie and

6:10

so I'm. But. What was as

6:12

psychological moment for you were you realized

6:14

our i'm actually good at making money.

6:16

Oh wow and I'm like okay I'm

6:18

make and sixteen grand a year and

6:20

I'm working a nice the an hour

6:23

drive in a limo and but actually

6:25

I'm breaking through the generational conditioning that

6:27

I live in scarcity to Now I

6:29

live in abundance or have the potential

6:31

to live in abundance. How did you

6:34

learn that you are worthy in deserving

6:36

of more money? How did you learn

6:38

that you are capable of generating. Wealth.

6:43

Oh wow. I. Don't

6:45

know if. I

6:47

learned it or I just believed it

6:50

and it became. Really? So I

6:52

always tell people like. I. Think

6:54

one of my advantages was that I

6:56

was delusional. And so

6:58

they wouldn't. They wouldn't mean I was like lick I

7:01

believed I can do it. And.

7:03

That drove my decisions. Neither didn't mean I

7:05

wasn't any successful. I could easily believes ever

7:07

done it and and at just never have

7:09

done it right, try to a hundred times

7:11

a day out and brand welcome. Yeah, but

7:13

the fact that I had that delusion. And.

7:15

That belief that I can do it that

7:17

are. You could throw me the desert and

7:19

I'd have a fighting chance. I'd figure it

7:21

out. I drink my own p I do

7:23

whatever you may not like, right? right? And

7:25

it whatever it's and whatever days. I'm just

7:27

gonna go it like I had this illusion

7:29

that I could do it and because his

7:31

ass mississippi the desert. Going to big officer

7:34

says that. Sometimes

7:36

you get a zig. You may be

7:38

avoided either, and he is either. Eris,

7:40

you know you dial Rehydrate a better

7:43

you know. Eat. Of eat the

7:45

bugs or a bad omen. That.

7:48

Delusion. Seventy. The course to

7:50

try. And. To learn. And. So

7:52

when I was learning and wasn't like couldn't learn this

7:54

are could learn options, trading or com. When I was

7:56

like i can do this I do this because I

7:58

had to illusion and so I. I think

8:00

the police. Is. Powerful they

8:03

had very about how get their belief

8:05

most people don't believe in themselves on

8:07

a nuff to believe there are deserving

8:09

and worthy of. Money.

8:11

Of well south. Abundance.

8:13

How did you get to? Believe.

8:15

You are deserve Okay so

8:18

I had a very ah.

8:21

Topsy. Turvy relationship with my dad. He

8:23

came from a different generation. Hard.

8:25

Boiled right. He. Was pre

8:28

civil rights? you know? Dreams

8:30

or Swastika was openly squash and legally squashed

8:33

right? Like in this any in and in

8:35

I was born. Post. Civil

8:37

Rights? Okay. And. So.

8:40

I'm. One of the things

8:42

and I don't want turn us into a whole

8:44

racial story but one of the advantages. Of

8:46

growing up in Jersey City, being

8:49

black. Is. That. People.

8:53

In that period. People talk about

8:55

you. Your. Your accuser this why

8:57

you're people like this. You know you're inferior.

8:59

You can't do this or whatever as so

9:02

what you develop Okay. The the

9:04

good side of that is. He.

9:06

What? People think. Even

9:08

site. Ill using your know

9:11

it's true about you and your people in your

9:13

relatives or whatever. Not bad people were not. criminals

9:15

are not whatever and not this amount of fury.

9:17

I'm not whatever she's learned to brush that all

9:19

off. right? And my

9:21

dad was a bad ass. And. He's like.

9:24

You can you know you do whatever you

9:26

people with week the quit all the are

9:28

are are adversity. We. Have to

9:30

deal with and we overcome Ray

9:32

and so. That not

9:34

giving a what people think moon

9:37

and only listening to your dreams.

9:39

Is. A Superpower Swords in Adversity Direct

9:42

answer Little and so like I

9:44

just you just leave so you

9:46

know. Lot of what we're only on cable do you think

9:48

or whatever nothing in this about when I'm I'm just like. On

9:50

the Avenue. And like I said, it's nice

9:53

up here. That's their problem, right? Like N

9:55

N, everybody cares a little bit, right? idea?

9:58

To. The extent that. People's

10:00

thoughts will interfere with my

10:02

priorities. I care more. Rate

10:05

but in general on the not giving

10:07

a. Scale. I'm. On

10:09

the further scale, because I grew up in a period

10:11

where you know I was born in Sixty Nine. right?

10:14

There's a veto racial attitudes going on

10:16

which is coming out of the sixties

10:19

right arm. You

10:21

know, being having that.

10:24

And then just to have an India was

10:26

that prepares you. You. Know for

10:28

this period, right? Like. The

10:31

food still you.will embark on skin color you

10:33

thought I was in fear at birth. on

10:36

skin color he thought this about me on

10:38

skiing or on skin color. So. Gruesome.

10:40

Give us. right?

10:42

And so my Dad. And.

10:45

The trainings of being a minority

10:47

in the city during that time

10:49

period prepare me for like. Who.

10:52

Cares I'm already a fork vi my eyes.

10:54

Rights to some people who are maybe of

10:57

grow up in a lot of a similar

10:59

adversities or worse or little bit less adversities.

11:01

They might take that adversity and say well,

11:04

I. Don't have the skills. I'm never going

11:06

to be able to do the to do

11:08

that. Yeah I agree and they stay stuck

11:10

in that they don't say because of this

11:12

adversity, I don't care and I'm gonna go

11:14

for they say because of this adversity this

11:17

is who I am. I think I'm a

11:19

seats you know. I

11:21

think it's a. I

11:23

think the victim stories marketed to people and if

11:25

don't take that more victim story I think they

11:27

would have the same experience as me really arm

11:30

but I you know I don't our go too

11:32

deep into but I would just say that. Ah,

11:35

I'm. And wasn't

11:37

conscious. Are. You suspended. You.

11:39

Know this is just have pride. right?

11:41

Your the underdog pride and and it

11:43

came. and I guess some people they

11:46

might have you know. I

11:48

was lucky I had a a father and

11:50

a mother right who you know to college

11:52

educated parents from my dad the a scholarship

11:54

in my mom later on in life. Ah,

11:57

I'm and so if anybody was designed

11:59

to see. Feed it was me. But.

12:01

There were, you know, when I was little my own and

12:04

it's time for me to do it on my owner or

12:06

three, you know, The. Who

12:08

moves from New York City to Texas to

12:10

go in like. The. Things, The

12:12

decisions I made, Were. Cause of

12:14

this like. It can be done.

12:16

You know what I'd when I had. Ah,

12:19

Not that much experience but I knew I

12:22

can recruit people a bit. Linden do this.

12:24

A solid develop and project and in in

12:26

the Nevada desert. right? And then

12:28

sold it to. Capital Dynamics

12:30

Ray and and and mean my friends

12:32

and myself have a good chunk of

12:34

change and also putting Soul on the

12:37

grid. Like. Eight Just this belief that you

12:39

can figure it out and you can do it. And

12:41

so I guess that there are some people who.

12:44

Get dell the clouds of

12:46

inferiority. And it's done some

12:49

yes and our our I would I

12:51

would hope that some by somebody somewhere

12:53

along the line. Slips. It. For.

12:56

Them, You know, Solicit. Form

12:58

and says this is a badge of honor.

13:00

Man like you, you got nothing another To

13:03

Israel I rise era It has nothing to

13:05

lose. Your i don't whatever nobody expects anything

13:07

from you. So when you know pressure, no

13:09

pressure know for a circus to be your

13:11

greatest gifts. discover your greatest guess and so

13:13

for me I think it's the if you

13:15

know my greatest gift was like not giving.

13:17

And my willingness to look like a fool.

13:19

There were some just winging life like everybody

13:21

else. a relapse. When. He it

13:23

right And so ah. and I'm trying

13:25

to figure things out and I'm I'm I

13:28

wrote this book for me, And

13:30

then I figured if I if I can. You.

13:33

Know save my own life like not

13:35

waste my own life. Up

13:37

at it and maybe we'll be useful

13:39

to other people, Yes, right, But occasionally.

13:42

Ammo I get somehow stuck on autopilot meow and

13:44

I need to go back in a book. or

13:46

my wife need to remind me like hate, hate

13:48

hate. You know. The. Sixth District. let's

13:50

listless get occupied by riot litter of

13:52

the get off autopilot. That. You

13:55

know you're doing these things your planes been chess on live

13:57

like houses on the muscle filming thing to do for you

13:59

to be doing it. Right now it's not. I'm

14:01

deleting. Okay said. I really. I get out and

14:03

things like that right is up. There is more

14:05

things that a deep and than that but I

14:07

think. That early

14:09

experience and my dad gave

14:11

me the confidence. Ah

14:13

seen him. Do it for

14:16

in much harder circumstances, right? Much

14:18

deeper clouds of inferiority. Ah

14:20

much more hard not like to look at

14:22

that and an other people and left like

14:25

I'm like you know I go places. And.

14:28

I get inspired by people who

14:31

make it being. You. Know a

14:33

lot of people, About you know

14:35

the oh what they had this help or with

14:37

it they look for the thing that was a

14:39

one piece of help but they still over Camelot.

14:41

I'm like wow. I'm. Pretty lazy

14:43

lake. Is that person A Do It. And.

14:46

Look at all even is I have you

14:48

know, born a nice of America. growing economy,

14:51

growing population. I'm jobs technology. I just was

14:53

born in such a great error like I

14:55

unlike I can ride this ways I could

14:57

surface with I can do it Now I'm

15:00

going a surface wave Allies. And.

15:02

Navigate it the way I wanna know,

15:04

you know? And so I just had

15:06

this delusional belief and it happen to

15:09

work out with amazing. You've been around

15:11

a todos wealthy individuals. the. Billionaires,

15:14

mega millionaires, And

15:16

you have also been around a lot of broke people

15:18

who are in a ton of death or people who

15:20

have lost all their money. You. Seen the

15:22

both sides of the spectrum. From.

15:25

Your perspective at this stage would you

15:27

say of the three keys to really.

15:30

making more money, And.

15:32

Also been fulfilled with the

15:34

money your house. I'm okay

15:37

so. Three. Keys to

15:39

making more money. Ah

15:41

I I will ask the say that like

15:43

on the earning part like you know that

15:46

lot of people who speak better to making

15:48

more money by I will speak just more

15:50

up in terms of like. Psychology.

15:52

Yes and belief is is this

15:55

belief that. You.

15:57

Can and you're entitled. And.

16:00

So when you think you can, you read the book.

16:03

You. Read the business book, you read the

16:05

sound so you make the attempt, etc. I.

16:08

In a lot of people, just sit the stance. Don't.

16:12

I got a bad know Nemo take a sense. Not

16:14

only will you. Take. The swing your

16:16

strike, you do it again and you do it again

16:18

and again. I was just talking with somebody on twitter

16:20

and like all yeah I break replies it isn't it

16:23

Great. A bankrupt. And. Now

16:25

he's still go out nerd and take another

16:27

swing. Lose the ego attachment. let get get

16:29

the got the endless Rip it again you

16:31

know. And so that's and that's what is

16:33

in America. right? Like the somebody people it's

16:35

failure. Stories embark like Steve Jobs got fired

16:37

and rehired. You know, like things like that,

16:39

right? Likely all these learning that you get

16:41

like why you went to school. This.

16:44

Expensive school, but you know Muskogee that subject

16:46

matter sees with the next thing was an

16:48

extreme on your plate. Just as so when

16:50

you believe you can, you start to take

16:52

actions that actually. Develop. Your

16:54

ability to do it. Yes, And then

16:57

and then. so. That. That

16:59

is one. On. The.

17:02

This that. Are we've already

17:04

been talking about it? You. Have

17:06

to. Use. The

17:08

saying like never tell your dreams to your

17:10

parents that you want to do it because

17:12

even though they love you. They. So

17:15

you as a teenager and in take out the

17:17

garbage right? So they're always I call you sure

17:19

you really want to do that. Physicists a job

17:21

like you have such a good thing going on.

17:23

Like you can just get a job at the

17:25

post office or whatever. Like they are

17:27

are frayed for you. Great to go

17:29

on your eventually want to protect you

17:32

and he also seen you when you're

17:34

clown years for a i'm not the

17:36

new bad vulgar array and so ascendant.

17:38

Also you know. Is.

17:41

As much as your of. Friends

17:44

and N N N N. And.

17:46

Maybe some your peer group made love You

17:49

were not. A

17:51

lot of people. Behave. Out

17:53

of fear. Then. Well, as like idiot,

17:55

they had a great idea. They had a thing they want

17:57

to do and they don't do. They tried it and it

17:59

failed. Or they don't to do they

18:02

don't Already know though is why? Yeah,

18:04

so your success exposes their cowardice and.

18:07

right? I began. their your success

18:09

exposes their cowardice, right? So when

18:11

you go out and you fail.

18:14

Be. Like see. I.

18:16

Am on right not to go do that. See what he

18:18

did he went on sale he i told them he said

18:20

to do that I was crazy why they do that right?

18:22

So they feel comfortable in their seats. Life.

18:25

And their cowardice. To. Get a date,

18:27

invalid their dreams, or take the risk or whatever.

18:29

But if you go succeed. I'm

18:33

a coward like I had a chance is I

18:35

could have done this. I. Could have

18:37

been work. I could grind it for your two

18:39

years of no word. Live and eat ramen, and

18:41

and and and and been successful for eight. So.

18:44

I always say people like success.

18:47

But. They love of failure. right?

18:50

They love us earlier! Because. It. Reaffirms

18:54

that they do in the right thing in

18:56

in the in and near. Not cowards, And

18:58

so. Be. Very,

19:00

very careful. About. Your

19:03

mindset. That. You're getting

19:05

from other people? mean? Right

19:07

and. Success. Is not just

19:10

doing the thing and making it's ss and

19:12

living off of the life is is about

19:14

the ride. You know a lot

19:16

of people I said always easy for you

19:18

say when as listen I've gone both like

19:20

busted twice like I've been fired, I've been

19:22

whatever and his men. Sat. Is

19:24

being Glee. That. Has been

19:26

great was you're not a getting fired, get

19:28

admired, getting embarrassed, humiliated people Targets Mind your

19:31

back in enemy now he's a clown or

19:33

he can do this like is parliament's like

19:35

I learned who my friends word who were

19:38

I know vocal supporters were and oh oh

19:40

weren't I learned about myself Lake. Do.

19:42

I care to are not care what things

19:44

really upset me. What? Mistakes that I'd What

19:46

did I mistakes? like? where did I get lazy? Where

19:48

did I get off track on vision? You

19:50

know, I. I'm. If

19:53

it is about that, it was gray and then. You.

19:55

Know Syria on this side of the coin,

19:58

but like. Sort. Of and great. You

20:00

know I did. I tried to

20:03

do some huge project in Central

20:05

America, went bust own vaporized and

20:07

million dollars died a lot.like years

20:09

time. Meetings, whatever else exists

20:12

and edit and it's gone. I

20:14

try to do or importation project

20:16

in California. Learned all about permitting

20:18

in California. Than that that interest

20:20

groups accent or cause the right

20:22

you know. And and and

20:24

wasn't It wasn't like. Now. Where have

20:26

a bunch of money was like I was a

20:28

very they older model. As

20:31

like ah, we massacre back on staff here.

20:33

Busy area though the you know and so.

20:36

I. Think it's like. Really? Be

20:38

careful. About how

20:40

you speak yourself in the people you keep

20:42

around you and who you share your dreams.

20:44

Worthwhile to say and a therapy amen. Third

20:46

thing. As

20:49

a third thing, consistency. mouth. Take.

20:52

It Seriously. Or. A or lot of people

20:55

like they'll have an idea. And. They're about to

20:57

go into the execution face, so ideas are like a

20:59

dime a dozen. May. It

21:01

it. Does. No market for ideas it

21:04

I think program says rate kids go

21:06

other say this idea of now exists

21:08

business you could sell the Uscis to

21:10

soak like ninety something percent of it

21:12

is the execution and they go any

21:14

execution face. And I'll take you seriously. You.

21:18

Know. This. Is your dream? This is your

21:20

life. You. Know.

21:22

People. Take Video games. Ah,

21:25

I'm. Simple. Things you

21:27

know: Party things. More

21:29

seriously and then they'll take their their dreams

21:31

play and so for dream is this business

21:33

with this idea or take some way of

21:35

making money. I'm. And

21:38

it could just be like shown up for work

21:40

on time right? like eighty doesn't have to be

21:42

the like and starting this aren't for nor they

21:44

could just be like think if I want to

21:47

be the best person, being consistent and taking it

21:49

seriously. Now taking it very seriously, I'm like more

21:51

money comes to you when you show the universe

21:53

how consisting you are with where you can use

21:55

all your resources like as if your life depends

21:58

on it. And and the funny thing is. Neither.

22:00

The hours are your life has your life. Does depend on

22:03

it this is or like. This is

22:05

a time period and some people it's a good old

22:07

are all see guys. Come in with pitches are things

22:09

I'm like did you do this Uses resources or whatever

22:11

someplace they couldn't thought of it as not like they

22:13

couldn't have done it. It is didn't because it

22:15

and take it seriously and. You.

22:17

Know so use all your resources

22:19

at your disposal to drive or

22:21

fulfillment. If you're fulfillment is this

22:23

job and making money. Or. This

22:26

idea. Use. All your resources

22:28

at your disposal. To. Make it

22:30

happen and take it seriously. And so I think a

22:32

lot of people are. Are flip

22:34

it with their own dreams. I.

22:36

Don't know why and I think it it comes down

22:38

to the. On. I've

22:41

done it before to I've done it in school. It's one

22:43

of those things were like you had the sphere that you

22:45

can do well. See, don't try your best. Yeah.

22:48

I mean like they like, oh. I'm.

22:51

A free of failing. Some Santa do my best.

22:53

So when I. When. I say on that side

22:55

and I really try. That hard in a to I

22:58

wasn't really trying to lift it, you know, like

23:00

that might. I wasn't really stressed out wherever. And

23:02

so you're like, you have this excuse that you

23:04

didn't try hard. So that's why you failed wise

23:06

and so it makes your ego feel good. and

23:08

I've I've done that before and I think other

23:10

people do too. I don't have. These are the

23:12

three keys and are you take out of that

23:14

player? I think it's something that young people can

23:16

take home with a nice. you see if that

23:18

applies to them. My

23:23

career not only requires me to travel, but also

23:25

gives me the freedom to. probably has brought me

23:27

so many positive experiences and memories like that Time

23:29

I spend the holidays at an Air B M

23:32

be in Big Bear with some of my standard

23:34

family in. It was the perfect way to come

23:36

together and connect with my family that I don't

23:38

see that off. And if you have a similar

23:40

setup that allows you to travel often, have you

23:43

ever thought about your empty home while you're gone?

23:45

More specifically, how you can make some extra money

23:47

by keeping your home occupied while you're out of

23:49

town. I'm a big advocate for setting up a

23:52

side. Hustle to give you an extra stream

23:54

of income and Air B M be hosting

23:56

is an easy place to start. Many people

23:58

host on Air B M B, including some

24:00

friends of mine, but they are some people out

24:02

there who's never even realize their space could be.

24:04

and Air Bnb hosting can easily fit into

24:06

your lifestyle and is a great way to earn

24:08

some extra money. So if you have a home

24:11

but you're not always at home, you've got yourself

24:13

and Air Bnb. your home might be worth

24:15

more than you think. Find out how much had

24:17

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Son Home. Has

25:57

been a lot of changes or the last few years with

25:59

the. The. Financial world with the

26:01

ass race was real. stay with. People.

26:04

Losing jobs with you know, whoever knows

26:06

what's happening. How. Can

26:08

we were picked? Be prepared for

26:10

what's the com financially. Whether it's

26:12

incredible financially or as saw a

26:14

nightmare financially, what can we do

26:17

today? To start been better prepared

26:19

so that. We. Are Not. As

26:21

affected as we can be. I

26:24

think. Diversification is really

26:27

important, so that's. Making.

26:30

Sure that you have an emergency fund making

26:32

sure that there's money you are investing in

26:34

the Sakara it through index funds are. Diversify

26:36

your not as buying like one stock and be

26:38

like that that like rather die. Like it's

26:40

not like that. I'm. You

26:42

want to be really diversified? You want

26:44

to be buying some bonds? You want

26:47

to be buying equities. You wanna consider?

26:49

Maybe investing in real estate? Maybe that's

26:51

fine. You know, an actual physical property

26:53

or is investing in. Funds with us or

26:55

something or less. I'm. I.

26:57

Also think that like. There.

27:01

Is. A disconnects right now

27:03

from like a mindset perspective. Of.

27:07

A lot of people. And.

27:10

Not to get on the site. Ra Ra. So Fox the.

27:13

By. So.

27:16

Many. People. Now

27:18

aspire to a life that,

27:21

frankly. They will never

27:23

be within their means while and I say

27:25

that a nice I know it's harsh. But.

27:29

Keeping. Up with a gene that has become Keeping up

27:31

with the Kardashians. Because. You had

27:33

it on your phone. You can see this immense

27:35

amount of wealth that like in any other reality.

27:38

Like. And before aren't ya parents have regressed my

27:40

some you never able to see it right? Like.

27:43

People have always had yachts but now you see a yacht

27:45

like every other. Day life partner course like this

27:47

a great whatever. But I should have gone

27:49

to and so you got pupil spending money

27:51

like it's going out of style to keep

27:54

up. And. It

27:56

doesn't make sense. I know people

27:58

who only take. Cars.

28:01

I. Make. Seven

28:04

figures a year. And I am

28:06

ready to get into the Toyota Camry that

28:08

picks me up for now like. It's.

28:10

Crazy to me. That. There

28:13

is just again. This.

28:17

Almost. Like. Desired like

28:19

fake it till you may get of like. In.

28:22

On this this trend of like the

28:24

lulu like deludes all. Like. Yes,

28:27

in some way, that's great because you want to

28:29

apply for jobs that you're on, qualified for. You

28:31

want to do things that are outside your comfort

28:34

zone. But like. That. Also put

28:36

you know really precarious situation. Very.

28:38

Quickly Mode: Is it possible for

28:40

anyone to become wealthy? or to

28:42

become rich? Or is it only

28:44

for a certain mindset where certain

28:46

demographic of people? yeah. I think.

28:49

Anybody who wants to have

28:52

money anybody wants hadn't been

28:54

richness can get their butts.

28:57

It certainly is not as easy

28:59

as everyone on the internet makes

29:01

it seem. It's not Ra, Ra,

29:03

Amazon, drop shipping, rob wholesale real

29:05

estate, Ra by some life insurance

29:07

and you're going to get like

29:09

that does not it On. And

29:11

I think a big conversation that like. We.

29:14

Don't talk ladder like proximity. right?

29:17

So like. In.

29:19

My life now. I have many

29:21

which home. And those

29:24

rich plans. Provide me

29:26

additional rich. Opportunities

29:28

so. I'd actually go

29:30

to the Us open. On. A

29:33

bank thing? because. My.

29:36

Fiance worked with a guy who

29:38

is at investment bank and yet

29:41

for tickets took him his wife,

29:43

my fiance myself. Those.

29:45

Tickets are thousand dollars. I like

29:47

the reverse now that I have.

29:50

Friends who. Had

29:53

and credit an incredible accountants. Had

29:55

in a great team in terms of

29:58

financial for business and they're like. That

30:00

might him. That I got hooked up with

30:02

my the as a manager. If.

30:04

You don't have that proximity to people

30:06

who have money to done it to

30:08

plead the playbook. How. Are

30:10

you going to learn it? because. Sure,

30:13

If you are a young person growing

30:15

up low income. And

30:17

you want to make smart money decisions.

30:20

work very hard in school, get good

30:22

grades, do the American Dream thing. And

30:24

you go you can harbor case. You.

30:26

Get a Harvard the rich kids don't want to

30:29

be friends with you put up because you can't

30:31

afford to split the table at the club on

30:33

Friday night long. You can't afford to pay for

30:35

the dues for your final club or another call.

30:37

It. Hope you.

30:39

Don't have the. Money. To get you there. So.

30:42

I think the process of becoming

30:44

wealthy and becoming rich and having

30:46

money. It's. Available

30:49

to anyone. But the

30:51

trajectory in the timeline is very. Very different interests.

30:53

I swear you start or proximity alone isn't

30:55

enough is what I'm here is says you

30:58

could have the grades are the skills. And

31:00

the proximity. but you don't have the money

31:03

still. Then. People may not for what are you?

31:05

Are you? So. I'm saying that proximity makes

31:07

it easier. There are so if you

31:09

grow up rich. And.

31:12

Your parents are, you know?

31:14

Very very. Tough.

31:17

And they're like we're not leaving a painting that

31:19

you still grew up around. all those rich. People

31:21

is also access contact yeah,

31:23

information exactly. Any silver, all the

31:25

soft skills. Whereas. Someone whose parents

31:27

are like i believe that every dollar I

31:30

have but they grow up. Lower.

31:32

Middle class. They. Don't

31:34

have that proximity. That you

31:36

had growing up. What skill

31:38

share the employees be developing

31:40

throughout the year or years?

31:42

Had a veto? a career

31:44

multiple Korea's what. What? Can the

31:46

developed to make themselves more indispensable besides just like

31:48

a ham doing the job and I'm so and

31:51

I've been doing it? Should. I be

31:53

taking classes so that we learning public

31:55

speaking should I be honest some other

31:57

skills and learning. To. Make myself

31:59

more the fireball at the current job

32:02

or on another voice. Yeah, I

32:05

think every job been good at your

32:07

technical skill is great. For. You

32:09

want to have transferable skills and bees

32:11

are the sauce skill. Brian The that you

32:13

know that. What? Is it? Talbot Just. Again,

32:16

it goes back to those fork and knife

32:18

skills. Yeah, you want to be will have

32:20

a conversation with just about anyone. You want

32:22

to be able to make someone feel special

32:24

And I feel so lucky because. After.

32:27

My stint on Wall Street. I

32:30

when worked at a media company. In

32:32

strategy, sales. And

32:34

let me tell you. Sales.

32:38

That. Is another beast because you

32:40

eat what you kill and. I.

32:44

Got. Some sales training that you

32:46

know my. Company I miss It Had thousands

32:48

and thousands of dollars for and. I.

32:50

Don't member any of it except for one thing. W.

32:54

I S. M. When.

32:56

You get over. That means. W. I I

32:58

ask her out he lied who are

33:00

fm half. From. It

33:05

is. How

33:08

stay? What if Something but amateur?

33:11

Okay, so you got the w

33:13

what? what's in it for me?

33:15

Ah, so. We always

33:17

know. What? We want

33:19

what's in it for us. But.

33:22

What's in it for me? Frock for the other person.

33:25

Why? Do they need to help you do that thing and this?

33:27

If I always get what I want. I

33:29

know nothing about it. I

33:32

always think at the other under the table. Wasn't

33:34

it for that person? Like it's

33:37

like the problem is that was interfere if

33:39

what I. Did. Or I go this on

33:41

what's in it for. You know I accompany

33:43

you. Eat I know

33:45

that you have a very very

33:47

successful podcast. But. What's in it

33:50

for you Interviewing me. You want a lot of

33:52

people to listen to this. You want to get

33:54

those terrible numbers up. You want to be up

33:56

the ranks. He wants a big social flash. You

33:58

want all of these. And.

34:02

I. Position.

34:04

Myself in a certain way. To. Make

34:06

those things happen if I go to car dealership. unlike

34:09

of his the end of the month is the end

34:11

of October ahman ago I'm ass or the format. I'm

34:13

going to do all these things but unlike the wasn't

34:15

for that I that has getting commission because of the

34:18

under the month and they need to make their number.

34:20

they want to hit the airport or they want to

34:22

get the kicker and. They get paid

34:24

of on delivery somewhere else four days before the other

34:26

them. Although I'm a loser, I'm another

34:28

vi and on as his car on a lot of the.

34:31

But. I think about wasn't for them school

34:33

when I met again and my flights been delayed

34:35

and on. That and I'm angry and like This

34:37

gate agent wants to kill me. She does not

34:39

like me, She doesn't want to help me. What?

34:42

Can I say. That. Is going. To.

34:45

Make. Her want to help me. So.

34:48

Maybe it's. Hey.

34:50

I know you got a crazy crowd

34:52

control thing happening going on. When.

34:55

Do you think we are going to have

34:57

an answer? Is not. I would

34:59

like to just rebook my flight that way

35:02

I can get outta your hair. And.

35:04

Then they're like. Oh okay this

35:06

person is already thought their solutions. Now I can

35:08

just a baby see pick one for them whichever

35:10

one the I think is going to make more

35:12

sense based on what I think the. Plane's gonna

35:15

ride to the gate my vs. What's.

35:17

Going on. No good Agent Months

35:19

answer a question. Because it's always

35:22

on his. You're always gonna be mad. So

35:24

think about what's in every wasn't for the.

35:27

Man I'm excited about this Rich A

35:29

ask the winning money my said that

35:32

will change your life. May see guys

35:34

get a a few copies of this

35:36

are given to your friends. As

35:38

you want to learn how to really maximize your

35:41

earnings to get more of your current job, your

35:43

career for when I understand the difference between savings

35:45

accounts. Investing. All these different

35:47

things. The. That. The the

35:49

technical side of things here as well.

35:51

Terminal and more tax strategies loot legal

35:54

loopholes, It's all in here, mostly. Check

35:56

it out. You've also got an amazing

35:58

podcast. That I want

36:00

people to check out as well. We'll have

36:02

all these things like linked up with that

36:04

com net worth and she'll never themselves. You've

36:07

got your rich Bff. Ah, You

36:09

got so many different things Are social media's

36:11

great allow senior pantanal like to talk her

36:13

Instagram lab all that leads. Ah but what

36:15

can we whilst we do to be of

36:18

service to you today besides get a copy

36:20

the book, check out your content. all the

36:22

things yeah. So you can get

36:24

a pre order a copy of Rich

36:26

A Ass on at Rich A Ask.me

36:28

Yes Any the U R L a

36:30

manifestation on and you can find me

36:33

on social as Uris Vs Ask for.

36:35

Is there is one saver that you

36:37

can do for me that I would

36:39

so so appreciate. his is hop your

36:41

friends about Money. In club

36:43

that because. We've. Been told

36:45

her so long that it's taboo and

36:47

tacky and you are doing nobody any

36:49

favors except for big all corporations when

36:51

you keep that information. Hidden of

36:54

when you hold that shame Let me tell

36:56

you when you talk to your friend about

36:58

money and they made more than you don't

37:00

sodomy make last for having told you but

37:02

you know know and you can go ask

37:04

your boss from war so please please. Tuck.

37:06

Your friends about most beautiful. adding that route

37:09

and speak about money and make it more

37:11

of a. Calmer practices,

37:13

just. Having a conversation over

37:15

coffee and just relaxing it will be less

37:17

stressful in in the future. Doesn't have to

37:19

be an icky top at doesn't have to

37:21

be. I love the. Live

37:23

in a subpar forgot to front of

37:25

questions for you mrs a question as

37:27

everyone. Towards the end it's called the

37:29

Three Truths. Hypothetical.

37:31

Question and scenario: Imagine you get to

37:34

live as long as you want. Cruel

37:36

but K allows day. To.

37:38

Live as long as you want to live up. Ask what

37:40

we're at the last day of your your life tech. Can

37:43

be a hundred some years old. Two hundred. Okay.

37:45

my had about my body deteriorated. You're still pervert.

37:47

Hell of a great you know he. Are you

37:49

still a great in of hacker? Your.

37:51

Filthy Rich. You've accomplished. Everything you want

37:53

are complex. You've got a beautiful life,

37:55

family, everything you want. It's happened. But.

37:58

At the last day and you've got a T. All of

38:00

your work with you to the next

38:02

place. So. The Book is gone.

38:05

This interviews gone. Everything you've ever created for

38:07

whatever reason is gone. But.

38:09

You get to leave behind three lessons in

38:11

the world and this is all we have

38:13

turned my remember you buy. I. Caught

38:16

three Truths or would be there for you. Wow.

38:19

Okay, wasn't prepared for that lion.

38:21

That is an excellent question. I

38:26

would say. The

38:30

first. Always. Buy them

38:32

the chicken parm and this has to

38:34

see it off. There's a little that

38:36

I actually managed. A luxury barb to

38:38

credible they sell the third amazing Take a

38:41

bomb here in l out really amazing to

38:43

your bar vs. On the first.

38:45

Guy. I worked for on Wall Street.

38:48

My. Boss's boss was this super Italian

38:50

guy like this, the most Italian Italian

38:52

man you've ever seen and he told

38:54

me one day this like the has.

38:57

He. Always gotta buy them. The chicken parm

38:59

am like sir, I'm lactose intolerant. What are

39:01

you talking on? Laser know? I mean, I don't. Even

39:03

eat cheese. Ah. But

39:05

what he meant by that was. Every

39:09

so often out of this the random kind of of

39:11

his he would buy a bunch of chicken parm and

39:13

he would dish him out to the people on our

39:15

t and and then. You guys I t

39:17

the guys in the back office that I

39:19

hadn't office and you know him as listening

39:21

like. Mother. Thousand dollars on

39:23

chicken parm. And.

39:26

He meant Pilates. Treat people.

39:29

With. Kindness. Not because you

39:31

know. You. Have to. But

39:33

because you want to. And then.

39:36

When. He ever had an issue. Those

39:39

people came running to his desk know

39:41

if models people having issues. They only

39:44

ran to his desk because he had

39:46

genuinely treated them with kindness. Then.

39:48

It didn't serve him. When

39:50

he was just a random wednesday he will at

39:52

all higher has your kids like little league game

39:55

going and like it took a genuine interest and

39:57

people into your point of being interesting and asking

39:59

questions. That's been kind. I think

40:01

that's really important and co a cast first

40:03

one as a good one on. I

40:06

would say. If.

40:09

You are a woman. And.

40:13

Doesn't. Know. Yourself A know your worth. I

40:16

think. We compete a

40:19

lot. With other women.

40:22

Because. We had that guess the

40:24

ones and we think that another

40:26

person's. Successes.

40:29

Our down. And that. Is

40:32

your number one on the podcast? Heard That

40:34

means I'm not number one. Okay,

40:38

But. There's. Always.

40:40

Room. For. More people to succeed.

40:42

Like there's enough white space. For. All

40:45

of us to get there for all of us to have

40:47

what we want and get what we need. And.

40:49

I think it had me very long time to

40:51

are not. I would always get his back. Girl

40:53

has actually the i can't have it like I

40:55

need to do This is usually the so unhealthy.

40:58

So. I think it's more like knowing yourself knowing you're

41:00

worth. And. Not being. Unnecessarily

41:03

competitive. I think there's a little

41:06

healthy competition and everything. But.

41:09

Don't let it be to the detriment

41:11

of. You know, Your. Mental Health

41:13

or anything in your life. And

41:16

then. You know, just

41:18

I think a third one is. Don't.

41:21

Kill the Golden Goose. You

41:23

have that on your shoes. He. Oh my, I know still

41:25

to see who can see them. What knows? His eyes

41:27

as a daughter goes, yeah does. So.

41:30

Not sponsored by the Golden Goose you

41:32

brand, but I would like to be.

41:34

Ah, The. The.

41:37

All fable is that, and

41:39

I'm sure you've. Heard it right to

41:41

heads. Okay, I'm a farmer's wife were

41:43

discuss and every single day this goose blaze

41:45

a golden egg and they're like oh my

41:47

gosh like a little nugget of goals. They

41:49

are like the so weird all the other

41:51

nice are doing this for like live gold

41:53

is amazing like we now have this little

41:55

pellet of gold. I. Wish we had

41:57

more and so everyday to get a little egg of gold. Or

42:01

not, you know, Having fast enough,

42:03

we should. Kill. The.

42:06

This. And that way

42:08

the inside of the do this will be entirely gold, will be

42:10

able to get it all at once in will sell it. So.

42:13

They slaughter the schools. And.

42:15

Inside the this is a regular can

42:18

spy and there's not a single piece

42:20

of gold. And I

42:22

think. This.

42:24

Is a bigger metaphor of like. Life

42:27

of us always wanting the next

42:29

big thing. Wanting more, But.

42:32

Like. I

42:35

am a big big. Hooliganism. The prom

42:37

I have I'm. I.

42:39

Currently have the life that I. Prayed for cup

42:41

Moscow. And. Sometimes.

42:44

I don't get to enjoy it. sometimes I'm

42:47

not even enjoying it and that's sad. I

42:49

think we need to Not kill the Golden

42:51

Goose. Enjoy those little nuggets. a goal that

42:53

we get every single day and it's okay

42:55

to want to work for more and strive

42:57

for more. But don't.

42:59

Ruin a good saying just because

43:01

you're always trying. To.

43:04

Like hit the next milestone. You know?

43:06

com? But. You can,

43:08

you know? Completely.

43:10

Lose this entire journey if you don't take

43:13

a second, assault them roses and stop and

43:15

smell the roses here as beautiful. How

43:22

does someone creed their belief that they can

43:24

have control over their money or the A

43:26

starts of dealing with the their past? I

43:28

mean our friend Doctor John. Too long as

43:30

a book cologne your past, change your future

43:32

and. You. Have to own the same

43:34

and the guilt and the baggage and the

43:36

mistakes and the heard and the financial trauma.

43:38

And your parents divorced and it was money

43:40

stress and money fights and you took on

43:43

all his dad and so who are you'd

43:45

ever build wealth and become debt free? You

43:47

have to grapple with that and go like

43:49

that's not who I am. Those.

43:51

Are things that happened. And. Yes, they

43:53

may have happened to me but that's not going

43:55

to control my destiny inside that starts with that

43:57

relies on with this is my past Does. And.

44:00

That's. Not where I'm headed and so we always say,

44:02

the windshield was bigger than rearview mirror for a

44:04

reason. So if you can start looking ahead, go

44:06

on regardless. And in spite of all of that,

44:09

I. Am going to. Change. My family

44:11

tree. That's what we call it. Bill generational

44:13

wealth breaks the cycles in chains that

44:15

have come before me. Those. People

44:17

The ones that inspire me everyday when I call

44:19

the show. And they didn't come from money, the

44:21

income from trust funds. They. Came from

44:24

broken homes and little incomes and they

44:26

overcame. Those are the heroes. Yeah, Bring

44:28

a saw someone a bit earlier this

44:30

week. A woman, come on a

44:32

show say she got our three hundred thousand debt and

44:34

like eighteen months or something wrong on your show. Yeah

44:36

are and I could maybe three hundred. He was one

44:39

hundred seventy hundred seventy thousand. I think it was. A

44:41

she got a dad and eighteen months. And

44:44

the amount of. Peace.

44:46

That he had in her facial

44:48

expression and her body language around

44:50

being dead free from these I

44:52

guess bad debts. Really?

44:55

Lucky. Empowering or was she was

44:58

capable of doing Now with out

45:00

that dead wearing her down. And

45:03

I'm curious before we get to the

45:05

next, The Fifth habits. How.

45:08

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45:11

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45:13

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45:15

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45:19

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47:00

W I S. realizing.

47:02

They are not alone A thing is a

47:04

really important step. Too many people feel like,

47:06

well, my situation's different and I'm unique and

47:08

special and they don't get it. But.

47:10

Then I mean people every day I get in

47:13

a financial piece university class and has all these

47:15

other people who made money mistakes. I that. I'm.

47:18

Not alone. I'm not a I'm not the only

47:20

the it out there. I'm not the only average

47:22

towards out there. That to me is encouraging. Because.

47:24

It tells me that. This. Path is something

47:26

the other people have done before me. That.

47:29

Will come after me and that I can do

47:31

this to and so think it's important to other

47:33

people around you and that might mean that now

47:35

some toxic friends who are not trying to be

47:37

on their journeys. Her. Finding people who

47:39

aren't trying to live on less than they

47:41

make. that's an important piece. and the other

47:43

piece. Is feeling progress? And that's why

47:46

I think those baby steps are so important. When.

47:48

You start would just hate thousand bucks, can you guess

47:50

thousand bucks, most of us as a yeah, can sell

47:53

some stuff I get the second? I. Can you

47:55

know Naughty out this month? Now. It's

47:57

like, aren't let's attack that consumer debt debt

47:59

snowball. Small. The largest logitech. The small that

48:01

we just do that one thing at a

48:03

time when off saving were not investing. Were.

48:06

Can do one thing at a time and

48:08

that to me is what build that hope

48:10

and bills that progress and momentum and keeps

48:12

you motivator on the journey. Have to have

48:14

a little when early on or else you

48:16

give up their as good. And what about

48:19

the fifth habits? Who. The. Fifth

48:21

habit. Is. So boring

48:23

that and unsafe that he will upset

48:25

you. But. It is getting on the

48:27

budget. it's making a plan and when I found was

48:30

that. Budgets are not

48:32

for broke people. Budgets, Are not

48:34

for wealthy people. Budgets are for intentional

48:36

people. That. Was a game changer

48:38

for makes always thought like we have to be super nerd

48:40

and love excel we have to be like really broke because

48:43

you think budget you think this person's role for of on

48:45

stingy in cheap and they can spend a the you say

48:47

i'm on a budget that means i can go out with

48:49

your friends with the front right but to me. It's

48:52

just putting a plan on paper looking reality on

48:54

my income as five thousand. I

48:56

need to spend money. I make a plan for

48:58

every single dollars because otherwise what happens? Dollars.

49:01

Float away. You go it as well. Oh

49:03

my gosh, we spend six hundred bucks eating out this

49:05

month and or dashing a burrito. You.

49:07

Know all of that, Unintentional spending.

49:09

An impulse leads to you not

49:12

hitting financial goals. Year for thought:

49:14

it is conscious spending habits. Is.

49:16

Being aware of where you're spending your money. Com.

49:19

There was a quotes. In here

49:21

the me see this quarter of

49:23

worthless solace based on budgeting. Had

49:26

a whole chapter on but I'm not called budgeting

49:28

his freedom that our first one in the breaking

49:31

Free section herbal and the quote on that is

49:33

from John Maxwell. Said. A budget to sell

49:35

your money? Where to go instead of wondering where

49:37

it went and at the a lot of people

49:39

aren't conscious. About. Their spending

49:41

habits and they're not intentional about where

49:44

they want their money to go. They.

49:46

Buy things based on impulse, based

49:48

on pleasure and based on desire.

49:51

And. then they realize like oh i don't

49:53

have as much money as i thought I

49:55

had cause an unintentional matter how osman so

49:57

we be looking at all over our talents.

50:00

This be a daily. The things shouldn't be

50:02

monthly is it too? Is it? He always

50:04

had too much to look at it where

50:06

it's an obsession and you're over obsessing. Vs.

50:09

Like a natural flow what he is the as

50:11

a great question we tell people to make a

50:13

budget every months and so it actually creating the

50:16

budget on paper before the next month begins is

50:18

t so that will happen one time and if

50:20

you've got a spouse. You. Need to do

50:22

that together. It'll a quick budget meeting. This is not

50:24

a four hour you know. Lord of the Ring saga

50:26

Here this has gone. Say what's gone on this month.

50:29

Hey we get that birthday party. We gotta get that

50:31

gift for this thing. Memory of their vacation coming up.

50:33

With. Start saving and so that's all it is.

50:35

But as far as tracking your transactions, that's a

50:38

really important part of the budget people forget to

50:40

do. Looks. Great on paper and then we to

50:42

spend the rest of the month and hope. Fingers.

50:44

Crossed we have money in the county and of them

50:46

on the don't overdraft that most people. But.

50:48

Tracking your transactions as a key and you want

50:50

to do that? Are. Once every day

50:53

or other day. And again if you

50:55

do it once or every other day I clean

50:57

your room. You'll never have to clean your room

50:59

if you just and Heidi approach her and so

51:01

with every dollar are budgeting app. This. Is

51:03

as easy as dragging the transaction like

51:05

Amazon Amazon dragon up to shopping. Were.

51:07

Done. And so when you

51:09

do that, you can actually see do we have any

51:12

money left? For. X, Y Z

51:14

or a were over budget we are figure

51:16

something out we got a sacrifice. We gotta

51:18

cut this category here for most people do

51:20

is just overspend and four different categories and

51:22

ago. Where. Thousand bucks over and we put

51:24

her on the credit card. Will. Figure it

51:26

out next month. And. That's why it's important to

51:28

not only do a budget, but to use your own money.

51:31

And I only have a i would one day

51:33

of a guard and I use cash occasionally. That's

51:35

how my life is. Very simple on that way.

51:38

And. I have my business My Ramsey Business

51:40

Ever card as well. Would you say to

51:42

people is that say you know why Love

51:44

having a credit card because it allows me

51:46

to. Get. Points for flights

51:48

or you know, whatever my be

51:50

for other perks. And. Upon

51:52

tracking and just like it would a debit

51:55

card than a missing out on always on

51:57

parts in why I found the people who

51:59

actually could stand to benefit and actually you

52:01

have any meaning for awards. Make.

52:03

Enough money and spend enough that they don't need

52:05

the rewards. Those kind of hilarious at that point

52:07

to be like if you make a hundred fifty

52:10

thousand dollars. The. Thousand Dollars and Roars

52:12

is not changing your life whatsoever. And the

52:14

mental calories you're spending to play the game

52:16

and maximize is not worth your time. And

52:18

so I break down. There's and in chapter

52:20

three on credit cards I break down a

52:22

different character archetypes that I found was going

52:24

out and so there is the rewards redeemer

52:26

there in the world Traveller, the person like

52:28

I gotta have my airline miles or it's

52:30

and I break down. You. Spend fifty

52:32

thousand dollars in order in order to

52:34

get your two hundred fifty dollar flight.

52:37

But. You don't even know that is what are they give you. Points.

52:39

And miles. What? Does one hundred thousand

52:42

miles? We don't know anymore. The credit card companies

52:44

want to confuse us. And I

52:46

sound the cell from an ex Capital One employee.

52:49

Seat only verbatim that these credit card

52:51

companies run ten thousand and experiments a

52:53

year on consumers. And. A be

52:56

test them to go out. We switched from

52:58

cashback the points. It. Trigger something

53:00

different. Their brain is like Chuck E Cheese. Wow,

53:02

you're like hundred. One hundred thousand points is what

53:04

feels like a lot less. Sign up for the

53:07

knowledge to candy bars the exact For so most

53:09

people they're stepping over a dollar to hopefully pick

53:11

up a quarter and the average credit card interest

53:13

rate now twenty two percent a Pr. While. But.

53:16

We're doing all this in hopes of getting to present

53:18

Cashback you like. Is it worth spending

53:20

one hundred bucks to get two bucks? But.

53:22

They tell me as well I'm not spitting any differently than if it

53:24

was my own money. And like you want to bet, Here's.

53:26

A thousand dollars cash of your own

53:28

money. Go hand over a thousand dollars

53:30

and see the emotional pain it causes And

53:33

so adding friction back into our life

53:35

will actually help of spend less. And

53:37

that's what happens when use cash especially. But

53:39

even debit card your brain knows this

53:41

color. Red alert us how many are

53:43

right now and so in the book.

53:45

The thesis of that chapter is when it

53:47

hurts when it hurts less, it costs

53:49

more. We remove the friction. you're going

53:51

to spend more. And I quote Mit studies

53:54

using Fmr I technology in the brain

53:56

and they're seeing. When people swipe that Kartik

53:58

on the release of the brakes on. Planning

54:00

and hits the accelerate. Really? And.

54:02

So it's like both and. And

54:05

every study shows you spend more when he swiped that

54:07

card. And so I try to hit every single objects

54:09

in Iraq as we've heard so much and Ramsey's what

54:11

if I pad the the perfect spenders the first one

54:14

in there. I. Never paid, I'm an interest.

54:16

What's wrong with using my credit card? You know all

54:18

of those expect a lot every man polluted with a

54:20

Cf. but even then think about it, you could have

54:22

zero bucks in the bank the into their month. You're.

54:25

Not building wealth just because you have

54:27

a zero credit card balance. I

54:30

want people to build wealth sure not to play

54:32

the game perfectly of capital One right in. It

54:34

is common out of a debit card you'd be

54:36

much more conscious of like to. I really need

54:38

this thing or is this. Whatever

54:41

money by right now is it really get to

54:43

be a thing that I want right now I

54:45

made me happy or was the most non rotating

54:47

cast back. So you tell me I spend just

54:50

like I would not know you're going out to

54:52

eat because you get five percent this month on

54:54

restaurant sides like they know what they're doing it's

54:56

always on travel in restaurants has never had pay

54:58

your utility bills and give you five percent and

55:00

of pressure whatever the boring style to frivolous spending?

55:02

Sure. So there's so much in there that was

55:04

fascinating especially. The said reserve study

55:06

that shows that sixteen billion dollars moves

55:09

from the poor on educated to the

55:11

wealthy. You're educated through credit card awards

55:13

And so when people tell me well

55:15

George, I'm not. Like. Who's benefiting from

55:17

the cycle? I'm not hurting anyone by doing this. Like.

55:20

Technically. Another sonata. I'm not

55:22

on a moral high horse, but the

55:24

study shows that the poorest, most uneducated

55:27

people. Is who's paying for your flight?

55:29

Who's paying for your cash back. And to me,

55:31

that's not a system I want to be a

55:33

part of. If I can opt out of it

55:35

by your in my own money, Where do you

55:37

think is the number one thing about money? That.

55:40

Stresses them out the most. The

55:43

idea of money is it's the dead of

55:46

money as of having lots of money as

55:48

it's relationships and money as it's. People's.

55:50

Opinions about your Money: What is a number one thing

55:53

about money that stresses people out the most? When it

55:55

comes to stress, I think a lot of stress is

55:57

based on fear of the unknown. And.

56:00

You have headlines and economic uncertainty and

56:02

what's the president gonna do or not

56:04

gonna do? And they gonna forgive student

56:06

loans? And I have so much piece

56:08

when it comes to personal finances because.

56:10

I. Ignore all of the noise and I only

56:13

focus on what I can control. When.

56:15

You start pointing fingers at. While we can do

56:17

about inflation, the cost of eggs and in Congress

56:19

has gotta get their act together. An affair They

56:22

keep messing with these interest rates in the Guy

56:24

in the White House's The Blame and all of

56:26

that as we can always complain about that for

56:28

a moment. But. The end of the

56:30

day we got bills to pay we and also achieve.

56:33

And. So I I go through all those excuses and

56:35

chapter one did tell people I hate. We.

56:37

Can point fingers and enjoy it and it's cathartic.

56:39

But. It ended the day. What you can control

56:42

is the guy in the mirror and now he

56:44

spends his money. Now she saves her money and

56:46

to me that. That. At first

56:48

this kind of like okay, I can

56:50

control me. whoop whoop. But. It's

56:52

so empowering when you realize like of on

56:54

the problem on the solution is an amazing

56:56

and so I think that stress comes from.

56:59

The fear of the unknown and what could happen

57:01

and what if the stock market tanks? Born.

57:04

You have no debt. Know. Lenders to

57:06

pay you have a fully funded emergency fund.

57:08

And. You've got wealth being built for the

57:11

future and you're thinking long term. You're.

57:13

Not worried about what happened lives because you've

57:15

got your plan for your stick intuit exactly.

57:17

I'm so confident my plan. and it's not

57:19

because I'm somewhat multimillionaire, is it's because I'm

57:21

content with where am I right? I don't

57:23

need a next and then another million dollars

57:26

tomorrow. You don't need a new was, don't

57:28

need a new car on me to go,

57:30

and five hours for trips, but you see

57:32

other people doing exactly only to overspend. Because.

57:35

You have financial peace and the simpler you can

57:37

create our in the simpler life you can create

57:39

the better off you're gonna beat as more stuff

57:41

you own the more kind of owns you. More.

57:43

Complicated life gets and so you know,

57:46

just hang out The Minimalist and we

57:48

were talking about all the stuff because

57:50

we're seeing anxiety stems from the stuff

57:52

around us and less clutter in our

57:55

life. Emotionally, physically, financially the better offer

57:57

your and I've never seen someone death

57:59

for. It was like my life is

58:01

worse now that I have no debt now

58:03

once. They always are levitating. Because.

58:06

They just have a piece about them because they're not. Keep.

58:08

Their bodies are keeping the school anymore of the debt of

58:10

they l. V. The people have

58:13

more shame around being and get.

58:16

Or. More shame today. About

58:18

having an abundance of money. Oh.

58:23

Like. Is or it is or same and like Wanna wanna.

58:26

Because. Other people are hurting the I've got I

58:28

have. Well, I've I figured out how to

58:30

like, take responsibility for my life, and the

58:32

now pay other dads and and start building

58:34

wealth And I've actually done it now. I

58:36

spent ten, twenty thirty years of actually creating

58:38

something of value and I've been smart my

58:40

money now a habit. Which.

58:42

Used to be like celebrated by yeah you

58:45

know you'd like but now is valid I

58:47

just wells yes a deep voice People have

58:49

more same around being in debt in broke.

58:52

And. A victim that they don't have

58:54

control their life, financially or more. Same

58:56

about be rich and well. In a

58:58

culture where debt has become celebrated, I

59:00

think we've lost a level of same

59:03

that we ought to have like back

59:05

our grandparents days. It. Was not

59:07

okay to oh People Money It was a

59:09

goals and auto people money. Now there's Tic

59:11

Talks about people gone on Fifty million dollars

59:13

in debt, non proud of it. You should

59:16

be Fifteen million dollars in debt to. And.

59:18

The people who have wealth and have earned it

59:21

with integrity or gonna gonna want to. On.

59:23

Want to hurt anyone's feelings because everyone's upset

59:25

and at the heart of it is. I.

59:27

Don't think it's fair that Louis has more than me.

59:30

And. This is comparison, culture and mentality of

59:32

if he has something I don't that's

59:34

not fair and you know he goes

59:36

into basically social and the socialists anarchy

59:39

at that point and so the best

59:41

thing we can do. Whether

59:43

you know we have to with all the

59:45

baby sets and they're whispering to us were

59:47

married, they're not gonna like Weldon. Yeah, they're

59:50

not like shouting from the rooftops. But.

59:52

We live in such a weird world of Ramsey

59:54

we're we're celebrating. people paying off debt were asked

59:56

my income all day long and so it's there's

59:58

there's less shame and Iran. The Bible. But

1:00:00

it's weird that we whisper that what is

1:00:02

he the summer saying For people that have

1:00:05

you know, a hundred grand, a million dollars

1:00:07

on that worth. Where. They can't

1:00:09

speak about it to their friends

1:00:11

and family openly without feeling judged

1:00:14

attacked. Having handouts everywhere. Where

1:00:16

people Now now. you gotta pay off My

1:00:18

dad's. Is that what it

1:00:20

is? A people just shaming? I think will

1:00:22

that I've taken responsibility for their money. The

1:00:24

heart behind it is there is. There's wisdom

1:00:26

to it. You. Know you me telling the

1:00:28

a random person nor my friend like hey bro.

1:00:31

I don't million bucks like. Is.

1:00:33

It's out of context and it's gonna make them

1:00:35

feel small unless them and so I think the

1:00:37

heart of it is is good as good intentions.

1:00:39

Yeah and there's a time in a place to

1:00:42

talk about it. the reins he shows one of

1:00:44

of we love celebrating people are going down the

1:00:46

street. be a like i'm a millionaire what do

1:00:48

you guys do and it's hard and so even

1:00:50

with this book like I don't brag that I'm

1:00:52

a millionaire. I. Tell people like on

1:00:54

the average George if I know from broke

1:00:56

the millionaire you can to. So. It's

1:00:58

never a flex on my part. all it

1:01:00

is as I want to empower other people that

1:01:03

I'd income from money. I am a double

1:01:05

you to employee. I did start my own

1:01:07

business. I'm not. it's self made entrepreneur. I'm a

1:01:09

guy who just followed a simple plan. And.

1:01:11

Believes that anyone can become a millionaire in America today.

1:01:13

And so I talk about money's that we don't have

1:01:16

to talk about. Money is like let's let's take the

1:01:18

same out of it. And let's just

1:01:20

make it fun and conversational, and it's nest

1:01:22

not not about a flex is about encouraging

1:01:24

and empowering each other. So.

1:01:26

You're tell me you can work somewhere for

1:01:28

a decade. Not. Start your

1:01:31

own business. Not be hustling on

1:01:33

the side console way. and him, You.

1:01:35

Know spending all your time trying to earn more.

1:01:37

Causal. Me: And. You to get to

1:01:39

a millionaire status as are you Tommy As

1:01:42

possible it's possible. I think it looks different

1:01:44

for a lot of people in of a

1:01:46

part of my wealth building was my spouse

1:01:48

Whitney. I met her Ramsey. And a

1:01:50

You know where we are Network millionaires together as

1:01:52

a household and people are always. I will that

1:01:54

doesn't count. Could. Really have to take

1:01:56

half of that because what if you divorce and

1:01:58

like that? Such a weird as. They michael was

1:02:00

the stock market goes to zero. You're not a

1:02:02

millionaire anymore. Like you're right. I wouldn't be. But.

1:02:05

I think as spouses one the most powerful

1:02:07

wealth building tools that really is underrated. Tell

1:02:09

me why. Because. When my

1:02:11

wife and I met we were so aligned. Obviously

1:02:13

we both worked Ramsey. We drank the Kool Aid

1:02:15

and it was good. And we're like we started

1:02:17

off our marriage that free. I paid off my

1:02:19

consumer debt at that point. She was much smarter

1:02:21

than a much better looking, much better at money

1:02:24

management. And. So like. It's.

1:02:26

A life hack to start your marriage

1:02:28

off debt free. Wow! Already investing for

1:02:30

the future, having emergency fund getting into

1:02:32

a home. To We ended

1:02:34

up paying off at home and twenty six months

1:02:37

because around the same page got a modest home.

1:02:39

That. Was within our means and we both have the

1:02:41

goblets. What would it be like to not have a

1:02:43

mortgage payment on early thirties. Will. Can we

1:02:45

do? How can we give. What?

1:02:47

Options would be have. And. That led

1:02:50

us down the path of paying off the

1:02:52

house. That. House appreciate in value

1:02:54

over over time. We've. Been

1:02:56

investing fifteen percent that whole time into our

1:02:58

Ah Four one K that Ramsey boring investing

1:03:00

stuff. And. All the sudden you look up by

1:03:02

your net worth. Calculation. And I

1:03:04

the equity in our home and and retirement accounts.

1:03:07

Or. Millionaires and so is is. I don't

1:03:09

say that to minimize how is the sacrifice

1:03:11

that we made in the side hustle that

1:03:13

I did and us getting promoted over the

1:03:15

years. Over a decade. It

1:03:18

may take people fifteen years or twenty years. It

1:03:21

may take dual income in a weird dual income

1:03:23

no kids at the time We got to French

1:03:25

Bulldogs which was a real networks are that's nothing

1:03:27

thou got one hundred and lot of baggage area.

1:03:29

We just have a little girl four months ago

1:03:32

and I promise you the dogs are still more

1:03:34

expensive than have fantastic rugrats read and Q. So

1:03:36

all of that together to as I say that

1:03:38

to go it may not look the same for

1:03:40

everyone. so this is not a hey if I

1:03:42

can do in ten years I'm a failure. But.

1:03:45

I think people. Imagine world's gonna

1:03:47

take me thirty five years to build wealth.

1:03:50

It. Really doesn't take that long when you get

1:03:52

intentional and focus and follow the Ramsey Baby

1:03:54

steps. Average person. falling the baby steps pays

1:03:56

off their home and seven years. Smile! Now

1:03:58

what's your thoughts on? By.

1:04:01

Your home. Being. A great

1:04:03

decision Or a horrible decision Who? Because

1:04:05

you're lot of people saying like never

1:04:08

buy a home that you live in

1:04:10

like just rent. And I

1:04:12

know, what are you talking about? Yeah,

1:04:14

and. And also a

1:04:16

psych Homes are getting more more. Spencer I'm

1:04:18

in A Home in Los Angeles is pretty

1:04:21

on affordable for a lot of people compared

1:04:23

to maybe Idaho or something or how my

1:04:25

be a different price. But.

1:04:28

Should we be buying your own home

1:04:30

and taking on this massive Morgan's massive

1:04:32

debt in these payments every months? And.

1:04:35

Then having to fix things up in a new know

1:04:37

break on you know, fix the roof and the. The.

1:04:40

Water, the systems, whatever it is. yeah, the state

1:04:42

taxes and always other fees or come with

1:04:44

owning a house. Snowed. York or just

1:04:46

rent a house. Let someone tells take

1:04:48

care of all that stress. And

1:04:51

you stay in a space that is more flexible

1:04:53

for you. Yeah. Why I think renting

1:04:55

is got real bad rap in today's world.

1:04:57

I hate their because I think one thing

1:04:59

is very wise fine patients. And. For

1:05:01

lot of people, it does make sense. And if

1:05:03

you're living in a high cost of living see,

1:05:05

you're not entitled to be a homeowner to in

1:05:07

new of New York City or L A like

1:05:09

it's gonna be harder if you want to buy

1:05:11

home and San Francisco and that's what you choose

1:05:14

to live. Now you better have the income to

1:05:16

support living in San Francisco. And so I think

1:05:18

homeownership as a great goal that everyone should have.

1:05:20

A. To at some point be a homeowner and have a

1:05:23

house paid off and we see now that's part of

1:05:25

a millionaire study. A paid off home was

1:05:27

a huge part of their network. Real is about a

1:05:29

third of the other net worth of millionaires was in

1:05:31

a paid for home from and the average millionaire paid

1:05:33

off their own and ten point two years. And

1:05:36

so I think it's a huge part. I think

1:05:38

of renting forever is also bad plan. Have

1:05:40

just gone because rents gonna go up over

1:05:42

time. This those homeowners property taxes go up

1:05:45

over time and someone owns that house. And.

1:05:47

So that's also bad plan. I want you to have

1:05:49

a six expense of a home and then soon pay

1:05:51

that off and so we have. Here's the way to

1:05:53

do it to where you know you're not making a

1:05:56

poor decision. Only were only buy a

1:05:58

house when you're financially ready and as. Nothing

1:06:00

to do with home prices and interest rates.

1:06:02

It has everything to do with your own

1:06:04

financial home. Had you known your financially ready

1:06:06

to buy a home. You

1:06:11

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hire. Once. You're completely

1:07:53

debt free of consumer debt. You've done the

1:07:55

dead snowball. You have a fully funded emergency

1:07:57

fund, three to six months of expenses, Then

1:08:00

you save up the down payment. And.

1:08:02

Here's the other kicker: No idea of the down

1:08:04

payments. Will you get a fifteen year fixed rate?

1:08:06

Mortgage. Where the payment is no more

1:08:08

than a quarter of your after tax income. so

1:08:10

that looks a lot like a No Fear

1:08:12

you make Five grand a month? Twelve fifty

1:08:14

should be were that Morgan said on a

1:08:16

fifteen year. Now. That's hard to do, I'll admit,

1:08:19

In. Today's world with home prices and interest rates. that's

1:08:21

gonna be hard. So what do you have to do?

1:08:24

Make. Different decisions because a massive change

1:08:26

lives. So it has to changes your

1:08:28

expectations of your first home. That.

1:08:30

Might mean we get the condo instead of the

1:08:32

single family. It might mean we're forty five minutes

1:08:34

outside of the city. Because. That's

1:08:36

the one we can afford. It might mean we

1:08:39

gotta save up a bigger down payments of the next

1:08:41

two years in order to do this. Why is that

1:08:43

right? But the other option is and the we get

1:08:45

the summer and seashell people call us and say hey,

1:08:47

my parents pressured us to buy a house and now

1:08:49

sixty five percent of our take home pay and were

1:08:51

broken we can't afford was mad and. We. Can

1:08:53

put food on the table and cover a bills and

1:08:55

we are sell the house now. Will

1:08:58

that turns homeownership from a blessing to a burden.

1:09:01

And so there's a right way to do it. right.

1:09:03

Time to do it. But unfortunately, people in their twenties

1:09:05

or dislike was time for me to buy home. Samir.

1:09:08

Country, where is my home? I got the degree. I'm

1:09:10

still panel my still loner man gosh, I need to get

1:09:12

didn't a home and so there is a time in a

1:09:15

place where the said you buy a home if you have

1:09:17

student debt. Goof. Well

1:09:19

my hunt take his know my heart acres pay

1:09:21

off all consumer debt. Before. You

1:09:23

get home and are still owns everything.

1:09:25

Student loans, credit cards, car loans. it

1:09:28

all needs to go before you become

1:09:30

a homeowner. Homeowner got this as is

1:09:32

compounds the stress. Did you know homeownership

1:09:35

as it's real expensive. Like. You

1:09:37

think it's Apples apples. Two thousand dollars in rent

1:09:39

is not two thousand dollars mortgage. Because.

1:09:41

The rent is Elise. You'll pay the mortgage.

1:09:43

that's just the starting point year before you

1:09:46

start dealing with maintenance and repairs and the

1:09:48

h back one out and the roof needs

1:09:50

to be replaced four years from now. I

1:09:53

mean those are some big ticket items and

1:09:55

your time to facing staff or whatever marriage

1:09:57

and things differently and so sometimes I miss

1:09:59

the days renting when I could have called

1:10:01

the apartment complex and like you got a

1:10:03

problem the earlier. And. So it really

1:10:05

is a blessing why you're renting. I know it stinks

1:10:08

because you're not building equity. But. I've

1:10:10

been building that patients muscle is so important

1:10:12

and ignoring. Everyone else has noise of like

1:10:14

you gotta get a house man if you

1:10:16

don't get it now you'll never get in.

1:10:18

There are other than a two bedroom apartment.

1:10:21

Four hundred and fifteen years here though

1:10:23

until as forty wow other to bet

1:10:25

on par rec and I felt completely

1:10:27

fine with that yell it was. There

1:10:29

was a nice apartment I have like

1:10:31

what I needed in. I upgraded in

1:10:33

overtime and to a nicer apartments but.

1:10:36

I. Did not feel like I'm missing out by not

1:10:38

having a home. And I don't have

1:10:40

that. Also I like the flexibility of renting and

1:10:42

having a convenience to gotta travel makes for some

1:10:45

was taken care of my stuff yeah and I

1:10:47

know what city are going to do more flexible

1:10:49

Yes if you're renting like if you want to

1:10:51

move cities in a different guy ugly versus how

1:10:53

do we do now the houses and selling and

1:10:55

I gotta get to this job. Like.

1:10:57

You're you're more planted when you become a

1:11:00

homeowner. it's not easy to get out. There

1:11:02

could be tax implications of u cel too

1:11:04

soon, so he deftly complicates things. but it's

1:11:06

overall. it's a great part of your wealth

1:11:08

building journey and I encourage everyone do it.

1:11:10

But. Don't feel pressured and don't do before

1:11:12

you're ready. Is there such a thing as

1:11:14

good debt versus bad debt? Well

1:11:17

I wrote a chaplain book on that is a thief.

1:11:19

And it's not. Bad. That is a

1:11:21

thief is just debt is a thief file and

1:11:23

so the hot take here that your greatest while

1:11:26

filling tools your income. And. When

1:11:28

you're giving any part of that to a

1:11:30

lender, You. Don't have your greatest

1:11:32

well building tool your disposal completely. And

1:11:35

so I've never seen in a you what

1:11:37

was your stories about people leveraging dad And

1:11:39

you know mortgages in a in a sense

1:11:41

with your home appreciating be like well that's

1:11:43

good debt. But. It does me want to hang

1:11:46

onto the debt. The Home is the part that's amazing. It's

1:11:48

not. hang onto the demise. And

1:11:50

even with these low interest rates, People.

1:11:53

Feel stuck because they have a to three percent interest

1:11:55

rate on their home and like I can ever get

1:11:57

rid of this house I can never sell. Cars.

1:11:59

I'll lose. This precious that I think this

1:12:01

idea that we're so obsessed of attached

1:12:03

to our debts shows how how far

1:12:05

off the beaten path we are. The

1:12:07

culture so. I. Truly don't believe there's

1:12:09

good than bad that because I've only seen get.

1:12:12

Hurt. People are in the people as say they're

1:12:14

winning like it's easy going to talk and be

1:12:16

I bought a work for mean you should do

1:12:18

it. That's. Terrible advice because you don't

1:12:20

know this other person situation and what life's

1:12:23

gonna throw at them. And.

1:12:25

So is it. Always at risk months and

1:12:27

you see lot of people expressing kind of

1:12:29

the real stay space? Or you know it's.

1:12:32

Going. Good day you can have is when you're borrowing

1:12:34

money to like. Get. Real Estate of

1:12:36

New by more to have more real statements compounding interest

1:12:38

over time where you're building equity and that or whatever.

1:12:40

My being you have ten homes now, but they're all

1:12:42

your own get with all these homes. Your.

1:12:44

Bar you from the previous home and

1:12:46

unfortunately there's a guy met. An

1:12:49

hour early this year. I. Met him

1:12:52

once. Ah, But we had a

1:12:54

nice color to our dinner conversation. And.

1:12:56

Unfortunately, it was public about Mother

1:12:58

To Ago that he committed suicide

1:13:00

because he was a real stayed

1:13:02

guy. He had invested in way

1:13:04

too much overleveraged, overleveraged. he had

1:13:06

a just had his first child.

1:13:08

And. He would. The pressure was too

1:13:11

much for him to take on. How

1:13:13

many other paid us off now. He. Was

1:13:15

like some some building that he invested

1:13:17

in or something use developing use investing.

1:13:20

And. Die he had a lot of i guess

1:13:22

net worth on paper but then. He. Was

1:13:24

over levers and the pressure was too much and

1:13:26

he took his own life. about a month or

1:13:28

month to go to Ago. And it's

1:13:30

a site again. You. Hear some

1:13:32

people saying like yes cool to have dead

1:13:34

but. Until you feel I

1:13:37

did. everyone's cohen humans and collecting. And

1:13:40

you don't know what to do And you can get

1:13:42

access to money. Paid us off. Or

1:13:44

you emotionally stable enough to manage that chaos

1:13:47

and stress in your life. Yeah, you want

1:13:49

that in your life. And I don't know

1:13:51

all the details of what actually happened, but.

1:13:54

I. Do know that more money

1:13:56

doesn't always mean more peace. Yeah.

1:13:59

Sometimes. More money means more pain

1:14:01

if you're not. Educated

1:14:03

or emotionally. Ready for

1:14:05

that amount of money? And.

1:14:08

Do you think that is? T.

1:14:10

Think if people got written a million

1:14:12

dollar cheque today. And. They were

1:14:14

in debt p think their lives would be

1:14:16

better. Or. More stressful. Why?

1:14:21

I think money magnifies who you are, and

1:14:23

if you've never managed a lot of money,

1:14:25

It's scary because we haven't managed the little money

1:14:28

you've had well. What? Makes you think you're going

1:14:30

to manage a million dollars? Well, Just. Because you

1:14:32

have more of it, doesn't mean you're gonna make wise

1:14:34

decisions. And we see this with the date on. Lottery

1:14:36

Winners: It's. Gone like how did you

1:14:38

blow We got a call you a day in the skies

1:14:40

like I want him. I want a million bucks And it

1:14:42

was gone within a few years. Really? And

1:14:44

is blue. It. Doesn't. Take much. You.

1:14:47

Know. And so it was really sad because

1:14:49

a million bucks and lotteries? Really? Six Hundred

1:14:51

thousand? And you spent hundred thousand

1:14:53

a year for six years gone, the money's

1:14:55

gone. Not that crazy to do. And so

1:14:57

I mean you. Had our friend Dave Ramsey

1:14:59

on the show multiple times and he shared

1:15:02

his story bankruptcy. And he was overleveraged

1:15:04

in real estate, the bank, all the nodes and

1:15:06

he couldn't sell off the properties fast enough. And

1:15:08

it is the Soyuz like Mile and was destroyed

1:15:11

his marriage and so are you know there's a

1:15:13

reason Dennis at Davis so risk averse when it

1:15:15

comes to death. And now

1:15:17

he's has a six hundred million dollar

1:15:19

real estate portfolio. With. The Ramsey headquarters

1:15:21

and all kind the properties and he paid cash

1:15:24

for every day One has credible he doesn't have

1:15:26

a cent of debt and so to me it's

1:15:28

inspiring to go like you don't have to. There's

1:15:30

not this one game you have to play the

1:15:32

be a real estate investor. You. Can

1:15:35

do differently. You can go slow and even go

1:15:37

fast. That's what David It. Because. When

1:15:39

you have all paid for properties that

1:15:41

thing cashflows like a mother as all

1:15:43

the sudden. pretty quickly you have enough

1:15:45

cash to deploying, get more property rights

1:15:47

and so it's a different game. It's

1:15:49

the tortoise, versa, the hair but Daves

1:15:51

Real peaceful. This proper prefer not to

1:15:53

me like no one's ever come after

1:15:55

him to collect these adequate and so

1:15:57

egg that puts you in control. You.

1:16:01

Started in debt.

1:16:03

And. Then. You. Have in

1:16:05

our network and or million dollars now.

1:16:08

What? Is your biggest fear around money? With

1:16:10

everything you know. With. Your

1:16:12

own personal life moving forward and.

1:16:16

That's. A great question. Ah

1:16:18

mean, I'm I'm unbelievably blessed and highly

1:16:20

favored just to be where I'm at

1:16:22

today and in getting the platform of

1:16:24

Dave Ramsey and going to work with

1:16:26

the amazing team I get to work

1:16:28

with in financially speaking. While we don't

1:16:30

have any payments, there's always this. Nagging

1:16:33

fear about what could happen in what

1:16:35

is enough. And that's what I've been

1:16:38

grappling with of. You. Know it

1:16:40

was. The goal posts is always moving. Like

1:16:42

is it the you could say I once we

1:16:44

have two million in retirement, I'll feel safe. As

1:16:47

if I can withdraw this much and then we can

1:16:49

live off. This will be okay. But.

1:16:51

Then what did you get to retirement And the stock

1:16:53

market? Thanks! As soon as you into retirement as a

1:16:55

five year you know, bear Market. whatever it is, There's.

1:16:58

Always a sphere of the unknown. And

1:17:01

so the only thing I can do is

1:17:03

try to prepare without becoming. Paranoid.

1:17:06

I don't want to have to build a bunker

1:17:08

and five hundred thousand dollars sitting in cash

1:17:10

in order to sleep at night while. And so

1:17:12

I'm sort of. I'm That's something I'm grappling with

1:17:15

of what is enough. What does that even

1:17:17

mean? What is enough for you. I

1:17:19

don't know. I mean, there's there's you know? Paid.

1:17:21

Twenty years from now, this compound interest works in

1:17:23

my four one K M's We upgrade this house

1:17:26

on such a planner and such a nerd that

1:17:28

it's fun to do those calculations. And.

1:17:30

So to me it's like will upgrade to this

1:17:32

type of house five years from now. we'll have

1:17:34

a second kid. Be. A million to

1:17:36

house we could pay for cast our be a cool

1:17:38

goal. You. Know maybe in twenty five

1:17:41

years my retirement account we should have both.

1:17:43

Four million dollars I should be enough to

1:17:45

retire on. You have all of those things

1:17:47

on paper. But. I don't know what life's

1:17:49

gonna hold. In the meantime, I have a lot more than that.

1:17:51

It might be less. And so that what?

1:17:54

I'm grappling with his. Are you

1:17:56

located to adapt? And. You

1:17:58

know, I've been a guy who wants to plan everything I want

1:18:00

to be. Prepare for everything in life. And it's

1:18:02

hard to let go of that. And

1:18:04

just be present in a moment and not have to

1:18:06

think about what's the next year. Look like what are

1:18:09

our goals like? As someone whose goal driven it's so

1:18:11

hard to let go and just. Stare. My

1:18:13

baby in the eyes and go like this is all

1:18:15

that matters, right? and wow, You know that's it at.

1:18:17

Some. I am truly struggling with just a

1:18:20

be present. My wife of

1:18:22

the can you stop look at your felt

1:18:24

like your little girl is trying to get your

1:18:26

attention while you're on a man and sold as

1:18:28

someone who's addicted to screens like many of

1:18:30

us millennials are. I'm. Trying to

1:18:32

now. On learn and

1:18:34

deprogram Some of this. Kind

1:18:37

of high anxiety feelings I have and getting

1:18:39

rid of that was a huge part of

1:18:41

and getting to get financial spot on a

1:18:43

financial stress anymore but they're still than normal

1:18:45

anxiety of of wife and inputs and trying

1:18:47

to get more centered and do the quiet

1:18:49

time and work out and eat better and

1:18:51

all of his. It's a lot. And

1:18:53

so that's something truly that a thing of the

1:18:55

next year. As a new dad I'm trying to

1:18:58

grapple with his i got new goals. Now it's

1:19:00

not about me or my even my wife anymore.

1:19:02

it's we had a little girls raisins, chaotic world

1:19:04

our and I want to do her right. You

1:19:07

know, my gravestone. It's not gonna have my net worth on

1:19:09

it of like. Look. At what this

1:19:12

guide Seabrook Am and a youtube

1:19:14

subscribers he had It's gonna. it's

1:19:16

gonna be like beloved father, you

1:19:18

know, doting husband. It's gonna say

1:19:20

that. And so to me, it

1:19:22

changes the way I look at money. In

1:19:24

changes the generational impact I want to have

1:19:27

been. So the goalpost I'm trying to just

1:19:29

stop looking at it. And

1:19:31

not look at the four O One K balance

1:19:33

and and said look at my little girl the

1:19:36

eyes and goes this is on a matters are

1:19:38

now Mile that's it Was her daughter's name Mia

1:19:40

Mia. When. She was born. Was.

1:19:42

Or something that shifted in you. Around

1:19:45

money and your mission. Or.

1:19:49

Was. At all. Kind of just like. Everything was

1:19:51

the same to somebody sorry you are roger

1:19:53

abuse around money when she was born. I.

1:19:56

Think so at. One of the first thoughts was.

1:20:00

I can't believe she gets to grow up

1:20:02

in a home where money, stress of money

1:20:04

fights will never be. A. Problem

1:20:06

Mom. Like. She's gonna grow. Been

1:20:08

a that doesn't have a mortgage attached to it

1:20:10

like that is mind boggling. Privilege.

1:20:12

That. I get to give to this girl. There's.

1:20:15

The fear of you know, entitlement because

1:20:18

when you're doing well like. Every

1:20:20

parent wants their kids to do better than they did. But.

1:20:22

Then the struggle is one on my kids. You know, think

1:20:25

we have money, See how I'd hide that? You try to

1:20:27

hide the wealth and we're not doing that well, honey, your

1:20:29

enemy Like there's there's that fear, but I think it's a

1:20:31

while more about. How. You raise them.

1:20:33

The character, the integrity, versus. Money

1:20:35

because I've seen Dave Ramsey raise his kids

1:20:37

and. His. Kids are incredible. Zero

1:20:39

entitlement. They are the most humble kids

1:20:42

in the world. and I you know

1:20:44

their inheriting the Ramsey empire and you

1:20:46

wouldn't even know it because they're just

1:20:48

so kind, so hard working, and I'm

1:20:50

an ounce of entitlement And so that's

1:20:52

what I hope to do for my

1:20:54

kid. And when it comes to money,

1:20:57

She's. Gonna go to college? They're free. And.

1:20:59

That might mean doesn't mean that we're going to

1:21:01

have unlimited monopoly dollars to hand to work. But.

1:21:03

I want to do my part and saving to

1:21:06

help her avoid the change that I sell when

1:21:08

I graduated college, the cynicism that I had in

1:21:10

So it's a beautiful fresh start when it comes

1:21:12

to money to go like I get to. Raise

1:21:15

this innocent, pure human. To.

1:21:18

Be a generous person now in with

1:21:20

their money. But. With their time,

1:21:22

their resources, I get to raise them in

1:21:24

such a way that they spend wisely. That.

1:21:27

They learn delay gratification, They learn how to

1:21:29

save for things they want over and to

1:21:31

me that is a. It's a

1:21:33

huge burden, but it's also a beautiful responsibility

1:21:35

while so I'm excited to lean into that.

1:21:38

You know, she barely can. Can. Look

1:21:40

at me in the eyes. but I'm really

1:21:42

looking forward to those days as we learn

1:21:44

those lessons and she gets her first little

1:21:46

Ramsey's piggy bank and starts to understand. Money.

1:21:49

Comes from work The three things you can do

1:21:51

with it you can give save. And. Spend

1:21:53

and so you know why I'm not going to

1:21:55

have are doing a budget a three years old,

1:21:57

but I think it's It's a really cool opportunity

1:21:59

for. Any parent to raise or kitten

1:22:01

such a way that they go. I.

1:22:04

Got to be a part of. Grazing.

1:22:06

A good human and we need more of those

1:22:08

in today's world. So if you're on the fence,

1:22:10

still good person and on the fence about having

1:22:12

kids, please have the kids because it was stupid

1:22:14

People out there haven't kids and we have to

1:22:17

display some of that her has served. Priests have

1:22:19

amazing humans as calls yours. I

1:22:21

hope you enjoy today's episode and it

1:22:24

inspired you on your journey towards greatness.

1:22:26

Make sure to check out the show

1:22:28

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1:22:30

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1:22:33

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1:22:56

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1:22:58

and serve you moving forward. And I

1:23:00

want to remind you of no one

1:23:02

is told you lately that you are

1:23:04

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1:23:06

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