00:00 and hey man if you got a million dollars you're basically just a freaking deadbeat.
00:05 Million dollars if you didn't have any more income and you were how old are you?
00:11 27 years old and you didn't have any income a million dollars no income zero income you're
00:19 27 years old I'm gonna do this at 47 I'm gonna do it at 65 okay 27 you don't have any more
00:28 income how long would that money last? You'd have to live on four thousand dollars a month
00:32 for 25 years you will be 52 years old my friend and dead broke. Now and I started with zero just
00:41 so you guys know I didn't have anything. Number one thing you got to do is this you got to change
00:45 the target and you need to look at the target daily. Okay so look it's simple target what's
00:50 your new target? Freedom. Yeah freedom but but but let's put my a number on it. Your first target
00:57 should be ten million dollars and nothing short of that right so that when I'm talking to a guy
01:00 you're contributing to my ten million every person I've ever sold I treated like an investor. When
01:07 you change the target everything changes. Number one the target. Number two you need to get your
01:13 income to a place this is a fascinating concept right here okay if you can do this I guarantee
01:19 you'll be rich. You need to get your income not to what pays your bills but to where you can save
01:25 40% of your gross income is saved. Okay now you want to talk about something difficult this is
01:33 way more difficult than that. If you can do this you will get that. If you make ten thousand dollars
01:42 a month and you want to save forty thousand of it you would pay yourself first government doesn't
01:47 let you do that they don't trust you. They're like no no get that money from him first before he
01:51 blows it we know he's gonna blow it okay we know the IRS is gonna take they're gonna withhold
01:56 probably 40% 44,000 of it so look if you'll pay the freaking IRS four grand of ten you need to
02:06 figure out how to pay yourself four grand what's the problem here you got to live on two he's like
02:11 let's go buy a new car yeah we ain't got any money for a new car that's why when I was 35 years old
02:16 no one knew that I was a millionaire nothing had changed I was still running with shit shoes you
02:24 know buying $40 shoes and and and and working a shirt out as long as I could and like nobody saw
02:31 I didn't have fancy cars I'm driving a Camry with a million bucks in the bank okay number three
02:37 thing you're gonna do you're gonna go broke right here and invest the storage storage has to get
02:43 invested the golden goose is only good if she lays eggs you guys need to be heavily money motivated
02:52 from a survival standpoint to invest the storage money and continue to do that until this money
03:00 over here the passive money is equal to your income right so what would I do I'd go out I'm
03:09 gonna make 30 grand I'm gonna store 12 I'm gonna pay the IRS I'm gonna live on six until you find
03:15 a place where you're like I'm gonna invest this money now when you make this move right here do
03:19 not invest in anything that is a maybe so if you guys don't know this you need to start looking at
03:25 this and hey at night man what am I doing my money man confront the beast right so right here the
03:33 passive income your target right here should be my passive income now exceeds my monthly income
03:41 just stack cash and wait till you can put it in something where it won't be lost it just goes
03:48 away for a while and inflation over time five years seven years ten years one day you look up
03:56 like okay I didn't lose my golden egg which we that thing is protected I got a little drip every
04:01 month from it and you keep adding to that so the drip gets bigger and bigger and bigger and bigger
04:06 you know when do you get off the treadmill whenever you want to okay the problem is not
04:11 that shit happens shit happens if people aren't ready for it god damn you've been around long
04:15 enough right how many of you can't swim you live on a planet with water I'm just saying you might
04:30 want to get a swimming lesson it's a wet planet
04:34 you
04:36 you
04:38 you
04:40 you
04:42 you
04:44 (upbeat music)
04:46 (upbeat music)
04:49 (upbeat music)
04:52 (upbeat music)
04:54 (upbeat music)
04:57 (upbeat music)
04:59 (upbeat music)
Comments