You’re told to save money. Why? You don’t make enough money to begin with! The majority of all Americans are living paycheck to paycheck. The unemployment rate is at 4% but people are still broke. There are no shortages of money on this planet so why is this happening to the majority of people? Don’t worry about what happened last year. This is your year to turn it around and get your money right! We are in a new economy. Debt should not be your priority right now. You need to get close to people who have money. I talked about this in the “Millionaire Booklet.” You have to close the distance between you and money. That means getting around people that have your money. If you’re a waitress, don’t hang in the kitchen with the cooks. Stay at the table with the money!
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
A wake up, call for the middle class, pouch may say, says: you're doing what's your daddy's again, freedom in business and Finance Cardona Zones starts the car down zone every Friday, twelve p M eastern standard time. I come to you talk about your business, your career in your funny. It have them grow
information to you today about money,
money, the money rumble. We call this the ten money
my name's Grandcourt down- and I do this every Friday for you free of charge you.
would be listening right now with Itunes by the way somebody
the men who have apart gas, but we we
drop a new podcast on Itunes, Everyday
I do is tell me not to drop it. They do. I give you wanna get to be the top ten pod,
as on Itunes, you cannot drop content on Itunes everyday, I said, but I'm not
interested in being the top one, if I can't drop the content every day
cause on. Therefore everyone every day, if there was a day
because everyone every day will make me number one in the hearts of the people that watch every day. If you don't get
every day, look you don't get it every day is not going to stick anything.
more doing his ward, new and everyday. One thing I do every day is our pay attention to my money every day.
First thing I do when I walk in his office every Mona somebody gives me a statement of every occur.
I have a goal every one of them. I know what it was
Yesterday, I see what it is today. Every day I pay attention to my money. So today today we're gonna go:
do you about your money and twenty eighteen? What you have to do to get it right? If you
tell me what the numbers on the board mean sixteen and fifty by seventy Bob,
and put him in any order. You want me to do right now. I can move these little burgers right there. Why? Yes, I will give you a low, tricky tricks, deaf today, ok, sick!
dinner fifty five, seventy five, I can even make this one a little bigger. If I wanted to four makes you feel any better.
Can you tell me what these numbers mean: sixty nine five thousand five hundred and seventy five, if you can I'll, buy you that bored right behind me.
I gave it to you the MAGIC Board, the ten Eggs MAGIC Board, a grant car board
and we're gonna be using today to get your money right. Twenty eighteen! I want to share some tips with you. First, I want to tell you gay first: I want to tell you, as we can,
call three hundred and five eight hundred and sixty five, eight thousand six hundred and sixty eight three hundred and five. What's the number
Robert Sizzler, those in the house, six, six, eight six! No! No!
to check in with you guys, ok robber system.
In the house, Johnny the camera Gaga Francisco the producers in the House and Natalie taken phone calls in twenty fifty just couple
the average household was making sixty nine grant a year that two people working there ass off every day, the
average expenditures and that also were fifty five thousand dollars that love thirteen Gran in three cash flow. What was called free cash flow.
I'll tell you right now, you cannot live on fifty five thousand dollars to people to kids in Miami Border, Chicago LOS Angeles, New York, New Jersey, pick a city, Nashville, Tennessee, Houston, Texas, Dallas
access, but can you live on? Can you live on fifty five thousand dollars year? Sixty nine
the five and seventy Bob? What do they mean? Ok, fifty eight percent of housing costs today goes to rent check that out. Fifty eight percent of your money goes to rent mortgage
payments insurance on housing. Twenty one percent,
we. One percent a year, though, is spent on utilities, gas, water, electricity and pay
pain if you're in Orlando ten per se-
non furnishings and that's Abkhazia and replaced them in a long time at lazy boy got burgers all over it.
Levin percent on other helm costs such as repairs and maintenance. The
Average household check this out spends fifty seven percent of their food budget on groceries, sport,
three percent on dining out, forty two percent of transfers, of course goes to the vehicle.
It is paying all Bernardo alone, a Gallup poll said that
one third of all, Americans, one third of a man.
organs maintain a household budget. Thirty percent of Americans have a long term financial plan that includes savings in investment goals. In two
thousand seventy market.
Found that one half check it out. One half of Americans live paycheck debates at fifty percent. All Americans today reliving painted paycheck to page it
Guy now check this out: the GDP, the gross domestic product in America, it two and a half percent. That is double what it has been over the last ten years unemployment,
is going to hit four percent this year and most obvious still struggle
winter Monet. Sixteen fifty five
Seventy five!
what does it mean I'll? Tell you what it means
Sixty nine thousand dollars is the average household income in America. That's what the sixty nine stay in sport takes fifty five grand alive in the average city in America that does not count Miami LOS Angeles used in Dallas Chicago
Vancouver?
London
You can't live on fifty five thousand bucks. Erika okay, sit! Is this impossible if you can live on that call me you're, probably in the morning Iowa.
Living on a budget? You don't go to help third shop in the public's are safe way, but you get you
the dollar store, may come on man.
And that's why so much of what you're being toll right now about money is incorrect and just telling you you're told us save money, why you don't own any money, you're in a half of one percent of the bank? Why would you save money? The dead, nerdy anything Wall Street tells
take your money reserve.
Retirement account push it all for thirty,
five years and you don't have control your money. I say to you in the millionaire, because somebody can throw me the millionaire booklet look pretty
Similarly, the money is control. You want control your money, your money
earn more money. So today we're gonna be talking about how to break this strategy. I'm gonna be using my little special new board. Ok, that I'm so
site about? Let me just say if I can just clear them
clear the board? What I wanted to I want to do this by here. Gay
We're talking money today, money money, money, how you like my little board would
about your money to see if it works. It worked.
And why is it Joe and it up there though gay skip the framing you go.
On the border. I got to go up here and do that? That's what I didn't want to do up there. You got there at there's the money.
La la la I see I just got alone at this: a user air about the way votes are gay money. How do you get it? How do you
keep it. How do you use it? That's what I'm a show you today in the cartoons.
Play welcome back to the Cardone zone. Today, I'm talking to you about your money. Okay, sixty nine thousand dollars is the average household income which, by the way, I would challenge if that's even a real number. I think that's a bullshit number that the politicians give. I think it's closer to about fifty two or fifty three thousand.
Where's the average expenditure in America's fifty five thousand dollar. You cannot live on fifty five thousand dollars in Miami Beach impossible
you can go to Vegas eleven. Fifty five grand causes cheek to live there. Ok, the
average person in America? Ok, I'm talking about fifty percent of by the best factual statistic
fifty percent of Americans eleven living paycheck to paycheck in the wall. Street journal says that numbers more like seventy five percent of all Americans.
At a time when the economy's good the Wall Street is
record levels at twenty five thousand, the rich or getting richer. I mean the richer just like porn on right now, so what
you don't know about money, what is
you need to learn
money that you don't know number one earn it hopes they didn't like
me right now. Okay, I gotta learn how to use is on it
number one I got learn. I knew I earn it. How do I get it? Ok, terrible terrible nasty, ok, but
Yes, I'm do I get rid of this too.
See I dare where gay user?
first thing I gotta know how
earn money. How do I earn it number? Two.
number two, while I'm having breakdowns over here, a gay number, two number: two: how do I keep the dough? How do I keep the dough
with that is it? Is it listening to me now? There's things amazing man, ok, wait till! I learn how to use as they gonna be. Damned magician. Ok, look let you do that for me. Do that's awesome, but you got it. Ok number two: how do I keep them
money. Now you guys keeping the money does not mean you send it to Wall Street. How do I keep the money? How do I keep the dodo? Are?
and not be a dodo. Most of you
Just at your listening to everybody, you listen to your mom you're dead, you're buying houses. You do not keep money because you buy out. You got rid of it and gave it to the bank. You put your
may the bank right, you give it
the bank, the main page you what a half of one percent. You are nothing on your money. Do you understand that if you take- and I go to the board right here, if I take
ten thousand dollars? If I take ten thousand real,
if I take ten thousand dollars guy, if I'd taken
thousand dollars an hour in point: zero, zero! Five percent, noble
they watch in today, aren't five percent put point: zero, zero, five percent urine and more like point: zero, zero, zero one, two percent you,
fifty dollars at the bank. Fifty bucks!
You aren't fifty dollars into bang. You're gonna, save money, you gotta say money. If fifty bucks you're dead, ok, it would.
Hey you two hundred years,
double your money! That's one tale
you what your mom and dad told you weren't a new economy. This is a new term when you think about money differently. First, I got her own it that's. Why
Your attention should be right now, if you have debt right now, twenty nine thousand,
hours a car? Did? You got thirty thousand
with a college debt? You owe your Mama nine thousand dollars to do not worry about your debt. You focus on one thing right now, earning money earn more money, earn more money earn more money. Then you keep the money right. The third day,
it would do- is learn to multiply most of the flip. There's you you're you're you're, asking investment questions when you only have ten grand
you only have to Graham right now. The only thing you should put that can grant is in.
Who earning more money right.
I have no money right it. This is all the money you have it. This is it
you can't make there's grow by investing this in Bitcoin, a ripple or theory new could but wait till it goes bad.
You can't buy any housing with it. You can't buy real estate with it and you shouldn't be buying stocks with it. You should take this money number one and invest in one thing, earning more money back into you,
if your investing back in yourself and you're not making more money damage
does not work, and you should be bought. Add right now marketing social media campaign to get yours
I've known you should be.
Spending money back in yourself, stay broke on you! Why? Why would I want to take this money or even borrow money and put it back into me, because once I invested back into me, its proximity and close to it? It's next to me. I can't lose it right, investing
My brain, your mom and dad didn't tell you this. They don't tell you this college, where they tell you college due to job good.
got a job bitch
I got a job where's. The money
most people are work and four percent less than four percent of Americans are out of work. Everybody wants to work as a job.
How do I get more money? Number one, not number two, not number three, not number for earn more money, earned more money, earned more money earned more money. How do I do that? I'm a waitress! You stay close to the revenue. How can I get close to dollars right?
Can I get close to people that have money? How can I stay with the table? I keep staying at the table. I don't stay in the kitchen, I don't stay at the back. I don't stay at the cash register. Okay, I stay
the table, that's got money. The cartoons brought a big table of people, their who's got the money. Who's got my money, who's got more money, the tables. Yet my money, man, the waitress, needs to leave the kitchen and go spend time at the table. The bellman you need to spend time at the front of the hotel talking to customers, not hanging out what yourselves you guys that work at best,
quit, hang out with a bunch of broke people that work at best buy and go talk to the customer. Come into the front door, you
as it on retail stores, leave the back of your place and go out to the front and talk to your people.
The reason I knew well is I talk to my customers. I don't plan.
Spending time in management. We don't have this big operation going over where everything's we're talking to our cost
tumors everyday and many.
Have you accuse me of marketing too much promoting too much selling too much gets. What I'm doing
I'm doing is I'm focused on one thing, all the our money. Second thing: I do. I keep the money. The third thing I do like those it up. There
for me is a multiply my money. When I go to multiply this money, it is only we listen to what I'm saying that, although collar the only time master,
multiply. Money is when I have learned
it's a money left over, because when I reinvested money in me I just or creating more flows of income.
If you're not creating more flows of income, more n,
I'm coming in a mainly you're, using a wrong training, wrong education and a wrong programming
There is no shortage of money except you,
have a shortage of money right now, and I know because I had a shortage of money for most of my life, because my mom was saint- save your money,
They for a rainy day, protect you,
for emergencies. How many of us would tell this over and over ok but eat all your food git your best deal.
You got people spend more time shopping for the DAS or cheaper food price are cheap in this, rather than spend all their time on earning money and in everyone's rather like I'm gonna make it
vestment now you don't have any money to invest. That's why cardon capital does not allow anyone would lessen a hundred grand to invest in our real estate review,
you only have forty grand right now. I will not take your money, no matter how much you want to give me that money. Why? Because you have not proven that you know how to earn money and keep it
you get in a hurry to invest it you shouldn't be. You should be reinvested yourself to make more money when we come back from
Drake, I'm going to show exactly. I knew we can take some collars and by the way today way today, at one or mentoring,
see you in a minute they will back to the car down, make it keep it multiply. This should be your battle cry this year. Who's got my damn money. He's got my
who's got your money. Somebody's got evokes somebody
sit on your dough right now, there's some rich person in your city. You live in Dallas, Arlington, Houston, Seattle, some
rich person in that market place want some service, some talent, some
created by near you have and there will not pay for they have a lot of money. There
rich or getting richer, they have so much money there, like I gotta, do something when all this money
can I give this money do so? What are they do? They call for four entertain,
They call for hey I'll pay you to do this step. I don't want to do the richer getting richer in when they do and you don't get richer is
because you aren't asking the question was got my money. How can I make sound?
By the way you don't need to make it.
it really should be make it. It should be. What collected
I just need to get it
That means that neither knew what I need to close the proximity between me in the money. The closer you can get to it face
look messengers nautical away to get close to money. If you wait a minute,
such people, as stated distance, so many of you are you're too,
and the social media thing you saw Tallow
As you heard, TAT makes a bunch of money now you're going to try to do the social media they and make a lot of money. You like
Why am I not making a lot of money or social media because you don't closed the distance, the proximity
to money the closer I can get,
to the money, the better off. I am. How do I collect it once
like that. What do I do? What most of you do you get rid of it
Most of you get rid of it most. Have you go drink it away Friday night, you give it to the bartender, you give it to the stripper. You give it to the casino you give it to anybody. You won't even investing yourself. You give more money to the Hard Rock Cathay. Then you will do yourself said the tin ex growth governs. We
we have people come in. There are invested in themselves. I talk to twenty two year old kid today bought a ten thousand dollar ticket. So you can get a coaching for me and be happy
one or two years. All here
kitchen cart with me date says I got twenty nine thousand dollars worth of debt. What do I do about it? Just don't worry about it. That's your past! Bro! You don't worry about your dad, you worried about. You
come collect more money, so we literary he's work into jobs right now I showed him how to focus which jobs should pick which Job Asia,
focus on in which one he should get great at, so he can collect more money at that. One job then collect it. When do I invest in grant, for you got to collect it.
Ruby yourself, that you can put a hundred k away. You need a previous of its.
Big number honoured ran people gaining think with it. Ok, so if you
never say day thousand. Your first target would be eight thousand taken,
most amount of money you ve ever put away in your life. Fifty grand a great
five thousand. Whenever you number is Johnny, which you know how much money
you ever put away down like good.
so his next target obedience. I want to double its next target. He's not gonna go from sixty eight to six. Eighty, the tin Ex rule should would say: hey you
needs to start thinking about, haven't seven hundred grand pact away. That's what I would have him right everyday. I have seven hundred grand the bank to annex, but I want him to his next target to be a hundred and thirty thousand dollars cash in the
set aside. Please take.
you get mom he's taken care of church he's taken care of food, he's working out, he's taken care of his car payment, he's not live in any better.
spending more money, not buying gucci sunglasses, now shown of not look like a show off. By the way.
Have you been replicates? Ok, Gucci look Alikes your rip off these you're freaking per tender.
ok, you're, not gonna, make it facon it the bull shit. Ok, it's it's a
joke you guys with a big watches. You got the big fifty eight millimeter watch, because fifty five dollars kid
Can anybody come on man by the way? I know I did all this when I was twenty four years old, I had a phone in my car. This
one, eighty one man they have car phones. Yet I took a phone
miles put in my car and act like I am own backbone.
wouldn't even connected anything.
I was so busy being a show up. I couldn't show off. Ok, let's talk some peeps, William Hague,
but what? What's your money plan for? Twenty eight team brother
we, the college, I warrior
My man what's Goin on brother, how much money do you? Last year, five hundred bucks
is that what you you? You knew you? U one, five hundred fifty from me and yet what all the knowledge that I
that is not under down back the money now and always good to you, hey so
so
how much money you an account right in seconds ago right now down how old are you Nike
Ninety his targets on around me
ten years it doesn't matter to me. Well, you got thirteen grand, I would say I would
set a target for him? Is his money, coach and say: hey bro? How do we pay
Gub. Eighty seven ran this year after taxes.
lemon into your account and you're twenty years over a hundred k put away?
www how we gonna do? How would you
you're going to go in with a narrow with life. My boss, nice golden eighty.
at fifty dollars for its bounded outwardly quarantining, wash journey a diner, so so.
I don't know what he's gone, but let me tell you what I would do for what I would do and William ok, eighty seven grandam, I hate: what can you do in your free time body? There's your new target? Okay, if you want to connect, you gotta keep a target. If you
What more money you have to have a target is very, very difficult to confront in the beginning, because you don't have any money, look into your money situation so that that's why people
oh say whatever you can stir saving now Wall Street is give us whatever you got left over William Little, William Gimme. Your was you got. Eight thousand now says that thirteen thousand sea wall-
Do we want to give that money and wait for four thirty, five or forty years? We can give us that money right now and wait for
On a one room do that I wanted to reinvest that thirteen grant in himself, so the
You can turn that into a hundred grand. I don't know what he could do, what he says
Intelligent guy he's already one want money for me right. What's the plan,
turn some dough over the next fifty two weeks:
how do you earn a hundred ran? How do you get a hundred ran off planet or in the next hot fifty two weeks
but he's only got three and sixty five days. So what is that
What's the mathematics over three hundred bucks,
then how do you are three hundred fifty dollars a day? Ok really needs seven hundred acres Uncle SAM, it's gonna, take half of it hasn't.
seven hundred bucks a day. What could you do
there are so many things you can do, but you're not gonna do any of it. If you don't have a target now he's,
already knocked out. Thirteen thousand of what I would do a viable him cause he's William the College Kid
go to his mom and dad and say look it back in Bangkok,
read this year.
If I can show you that I could put on Ziad our deals with people,
go to mom and dad who's got the money,
They got the money, good mom and dad this. What I'm at the moment that I got thirteen Gran already if I get in
The thirty seven thousand dollars I work on both sabbaths at will.
You give me twenty five k a low bow.
I show myself guy. I got thirteen all at thirty. Seven
You guys each give me twenty five. Now I've got a hundred only
had to earn thirty seven thousand in a Whittemore, my Damn power base say that's right.
not a seller? Be you
It's like I don't know where to start start with the product, like you start with, who you know right here next collar,
thanks for coming from Austria body, what's goin on hey, hey, what's goin on body, what what's goin on yet this grand
what's up where they can all man are, you know in Vienna,
Let me finish the pigeon
so much is going to be given a bids
How much you made a bit?
Basically,
if you like
get lost. I won't even installer
they, don't they?
Mr Dupuis, hijack and they can get.
in appearance victor?
I would argue that development. Today,
because you do what you want to you. It S.
I got money at again toilet
you're the one who's gonna money. Now we can you grandma back yet
so what's the page Victor Citizen
You got no damn you finally get on the phone, and indeed
While this covers up tell about Wednesday. Last time I called it. What's the pitch
I remind you that you got my dictionary now
What's the pits?
only when we give away
Did you get my money back? What's the bridge,
What is it do not remember your pits.
ok.
This is what happens in the real world folks. What is european
June, twenty eighteen.
As you like, I will do my best Mamma. You don't need to invest money. You need to go get money. There is no shortage of them dodo.
you got a shortage when I was twenty five years old, I didn't have any money.
Why? Because I was not asking for more people that had money. What
asking people that had money to give me the money? What do those people need? What do those people want? There is zero shortage accepting Europa in your plan in you
execution in the actions you take. Anybody
storm on planet earth. Today you either
Barnes Starving, ok, hey! That's not your fault!.
But you still starvin. That's your damn phone! I don't care what you in Nigeria, okay,
boy man, you gotta, go bitching about being a nigerian, say shit. I've got to leave
Lady, they leaped Romania with two kids man swam across that what rivers that in Romania, the Big River, is it called the
swam one or two kids in some clothes on her back to get to America swam the robber, can you tell me what real commitment
it easy. You know there was an alligator in Orlando landowner, swam across the swamp, so you can eat little baby, hungry hungry hungry.
You guys are hungry, I dare you bitch. You got the Danube the Danube exactly she swam the Danube. Ok, beautiful chick, beautiful all the Romanians, abuse beautiful people, most beautiful people in the world where you from princess, except for the Venice, well, ok,
got any Colombians. Ok, let's talk to the next college,
LISA Lisa Lisa. What's up LISA, I grant
how you doing Pell Mell Man as a great way to be talking to you,
yeah hey so glad to be darkening LISA! I add that a property I haven't. They want a shared today because I didn't want him beyond finally know how they interference worked. Is it appropriate for me to run run down
opportunity to see what your opinion, as they are sure, Gordon never to Mozilla, is normally does normally. For those who show we do a Monday bullet role well on a daily, but you know what happened to that for a long time at our it scouting out places. I did. I want to sell burthen, but it now I with property in better. Now I do ok, let's ride me here. I've got one here in central park.
your line, which is actually right next door to Clemson Universal, beautiful, beautiful clothes and got there ass whip last. We didn't I now, I'm glad, I'm not a fan here so yeah, it's three or four church straight in Central Carolina
One. One point: ninety by one point: thirty one point: three: twenty unit
twenty minutes. Sixty five thousand adore. That's right! Ok, yet, and so I got all the numbered. What number the most important to look at iron- I know, but the most important thing I want that
this is my heart beat fast. Don't do don't be your heart now go now. I need like I'm excited about it. Ok,
What's the most important number on this deal, the most important number on this deal
the Angela.
go what's hanno eye on the deal. Ninety feet:
I don't believe that, as what European L says
Ok, so the. Why is the the income less?
The expenses
is the anyone who, right that they doing their expensive, pretty low. I actually calculated line a
at the income like a girl, so so so where's. Our first number was the income number one, fifty one, fifty
yeah. What there's no there's, no way, that's what I'm there's no way as ninety six thousand. Ok hundred fit,
one thousand their managing them scientist, seventy five thousand other. You got very go so there are no, I think, piano. Seventy five thousand dollars now could be. It could be
tat higher than that the glass not being discussed, so they could have a brand new roof and hardwood floor suggest went in though here I think I take their and dont I'd. Look
There are no, no don't you look in your debt caso right now, I'm gonna say hey. If I want to six percent return on that. If I want to say,
percent return on that do this thing is so sexy. I gotta tell you I'm just look at this about that. Ok I mean like dead. Now is South Carolina, yet I know you
like break now like the this, like brick,
I will call me a break out as by placing the Dublin anywhere ok so later,
If hereby what, if I'm willing to pay a six, if I'm willing to pay? What's called the six cap, you just going backwards on the deal,
hey, I'm only that lay six percent. Oh what year? Is it that the old Indian?
Europe will die you. I know that there are no two, but but all day and age. What do you mean then well visit nineteen, thirty guy, yet definitely ninety nine nineteen but Polly within the first one.
years of life entry. Ok, so, sir, by divide by six, then that means
pay a million to fifty four, the property. Ok, I'm gonna put
about four hundred thousand dollars down yet ok,
finance eight fifty, yet my dead on eight. Fifty
gonna cost me how many
he's monk must must come into use
my my of a factor. This has nothing to do with this number by the way they just.
I'm gonna, be close. How many is a five eight, so
it's going to cost me forty nine thousand dollars forty
three from this.
Seventy five grand I wanna make. What is that twenty five thousand dollars
free casual free cash flow. A put I mean this is my third, be by apart over sixteen, you did it it. The portable I haven't investor I mean. I don't think that scared me is. Is the six cap
probably sacred Debenham worries us in our own laying hold on. So this is not free cash flow right here, ok, Bob!
cash flow? Is the holy grail of investing every?
this convention is right now, unless you're super rich. The only thing you should be looking for. That's why you guys that their chasing the bitcoin, the ripples in the Assyrians in alike, goings, your action
making a mistake. I'm invested in Bitcoin, but you are making a mistake,
because you should only be looking for casual right. Your first,
investment should be in yourself II. Investment should be only a cash flow, it should always be cash flow. It should be positive. Pressure dollar amount two dollars a month, five dollars a month, just because cash flow is confidence. When you get money, when I send money out to my investors, they call me up:
invest more money. Now, why cause they're getting the competence of the flow? You don't get that with appreciation. Appreciation is not confidence. It luck.
So so I won't your daughter, your wife. What you tell me to dinner Norma tell you right now: twenty five thousand divided by four hundred grand. I would tell you not to do this.
I need this is what I need on this deal for this deal to work. For me, ok, I need I needed
Like I need, like
What we need are probably need to pay,
I'm thinking more like
see the problem. Is you love this thing? You see that's what you're paying for your pay for the you love it and that's cool
Could you do want to love what'd? You all know rightly miles its three miles from Starbucks its Clemson. It is only getting you no more and more always been a hundred percent occupancy town in no, you know they combine, isn't going away, Featherwit, leaning over
even going away there all within five I'll look! Look if you could be a million dollars for the thing if you could be a million, a million one for the thing I love the deal really now now.
Now before I say that, because what price is not the most important thing when you buy real estate? That's what people don't understand their like! I got to get a good deal on the real estate. The good deal is the real estate:
Is because when I could tell you
the three miles from Starbucks. I love that idea. Ok, if this deals earn it would you say it on ninety six thousand dollars here right
So, ninety six thousand a year divided by how many units twenty,
when a unit? So what is that? How much is that the rent?
our joint there, don't tell me: ok, I won't, but about.
The average rents foreign bucks, a mother, no no now and then, and how much six seven hundred,
No, but the total income on the properties. Ninety six thousand dollars right now come on thirty one, one hundred getting one thousand hunters
Fifty one thousand toll comical divide about twelve divide about twenty
six twenty nine a month.
Secondly, what are they and when I was seven years growth for units
Do I know those rents go on now now I'm starting to fall in love with the deal like your those?
rynch are going up you three miles from the Starbucks. If it's in good condition has got hardwood floors, if you don't have?
to spend a bunch of don't wanna, because they re add that until today
Get eight hundred dollar month rents out of that thing, I can get maybe eight now,
I don't know if you know you know, you know. Ok, now, watch you back and get another hundred fifty dollars twenty times times. Twelve. All this
My net income when thirty six thousand dollars. Yet that makes a difference
yeah! Ok, because you said to analyse what what we were saying: a seventy five thousand dollar and allow right. You were saying it was right, it is right, I said, and I know I know that
Canada, red flag, yeah yeah! Nobody here here! What's what just happened? Ok, what's what I just did. This thing is cool having the cap rain, seven and ass the red flag and a. Why that? Ninety?
seven the about new meaning. You said: hey we're gonna, just that and allow because you got a job you made about yourself, a management. They amount
It may be that you pay yourself the run that poverty is not a return on the investment. It is you're freaking.
open. Your eyes are the manifold basic. Fifty a month I got the were locked well.
Ok, but if I can add, if I can, at thirty six thousand dollars that hundred fifty dollars a month rent, if you believe you
can do that then all said this thing goes to eighty one thousand dollars a year right: ok, no, what
watch? What happens now cause now you get now you get now you like! Ok, now you're becoming a real estate investor.
what they are too bad about their light. While she stood. I owe you
then I'm with the American, with your get four hundred eight fifty eight fifty eight and fifty
thousand times Porno five, eight, my
that's forty nine thousand dollars. Okay, now now, there's still makes thirty one thousand bucks a year and she put four hundred grand down. Ok, that's a nine percent return. Eight percent return,
And she's playing down the dead, she's playing down the debt on
property. So she bought something for a million two. Fifty she put four hundred grand down she's fine, her renters repaying down
if each year I love the deal, if you can get the bug, fifty ok,
fear investors good for long term. If you're investors not gonna, call you up in three or four years and say I need my money or I got this problem. I see that those things
new jack on, but I will
What's your name again, LISA
this is, the kind of things people should be invested in.
You got, it should not be sending your money off the Wall Street. You should not be investing in key areas and areas right now. You should not be pushing your money away. You should be banned hard assets because we know this for LISA in two thousand and twenty eight, that piece of property Clinton will problem
We still be a college
Guy, that neighbourhood was probably still be there in those rights will not be eight. Fifty
not any more in twenty
eighteen, those rights are
probably gonna be more like eighteen hundred dollars a month,
and she owns the property she's,
lay down the debt. She got twenty years left on the mortgage, but she's starting to own. That's going to be a good deal now. She's got twenty units. If you believe in time twenty
time, multiplies money, earned it keep it
She don't lose money in this new if her invest
doesn't bang on her right and she doesn't have to sell this Neil when the market poles back she's still on twenty twenty, eight, twenty thirty, eight twenty forty eight, unless some guy like me, comes along and says hey, I want to pay you
big profit to go away. Lisa thanks for colony. This
the car down zone, folks, today, all our shared where he was this there's a lot of their money on this planet is everywhere, there's more money than there is sticky notes.
Why would they made the sticky notes? You know say it:
I mean come on man,
Why don't you have you damn money
If you were, if knowledge is power, everybody believes that every
Recent pointer, Belize knowledge is power. If not
just power and you don't have money, you have the wrong knowledge.
the wrong data ok
You have the wrong information about money, so weird
razor at man right here. My racism fingers cedar.
but you can do to get around the right people that I'm telling you a bunch of garbage anymore, you're, much more fun
financial Data is outdated, say being saving money is crazy today
Why would I save money? Many things are getting big. They get big.
I gotta keep smart. Why would you save money
why would you do that? Invest their money back in yourself, investing yourself get around the right people I gotta go here, flew from flew from Dallas to come here to show me a product.
the investing money in himself? How do you think companies make money? How to companies get bigger the best back in technology? They invest in themselves. When you watch,
company get big watch what they did they invested. They invest
didn't save they go broke, then
there. We go all the way to the brain. Is they borrow money? They go get rid of their cash. They do everything. I guess that's what individuals need to be doing now? What your mommy and daddy said, how
your mommy and daddy know your mommy and daddy and a job their whole, damn life but
the term. They went on a vacation, they could use the vacation, they were so, oh, they lay down. We gotta go in and I am a occasion shit.
Ok, man, you want to do this while you're young, ok, you about that day and playing about it
Why? Because I want to go places, I had it
best in something, so I could go someplace so to wrap up today. What am I telling you? One earn it to keep it
right, I'm not telling you to keep it at the bank. Got really three
Then you multiply
If you don't have the, if you know I'm a millionaire booklet grab it today, I grab it I'll give it to you for free, millionaire
what dotcom gotta millionaire Booker dot com. I want to help you there.
you'll! Get your money right! Ok, this is the year this.
Is the year right now, twenty eighteen know about what happened last year. Three years ago, five years ago, this year, right here right now,
You get your money right. You need to get around the right people if you're going to listen to me, Dave, Ramsey and Suze Orman you're not going to do anything this year, you going to go
spinning circles.
You gotta, listen to me in your daddy
your daddy. The goddess got: seven eight hundred grand put away the by you're, not gonna, get anywhere because I'm a sit there and tell you to do something here. Your daddy had never done before. You know
Remember when I had seven or eight hundred Grand saved, I thought
I was the shit
what I was trying to win: seven or eight grant save it all I was
interested in saving money. I wouldn't think about dude. How do I go to the seven million? Are?
Seventy million or seven hundred million. I want to help you
this year a view the right person, not everybody, is the right person if you're the right person. If this message is getting, can you right now I want to
it's your money right! So right, then you can go on
why do people how to earn it should give other people the message quits in this
money to break in our raising cayos. When you
when you get the money back when when you eighty people,
we would point people bans that when they die there like what I would term is about that
the money. Ok,
the day I d
This paper won't mean anything to
Investments that keep paying my kids man, so my kids don't have.
Where is my wife than that the words so my charities? Don't have to worry? I need my money. I don't want it in Bitcoin. At that moment,.
You know, I don't want a jet right. I want I want some.
It produces more money. So so, like a fine dad today, it's in my it's in a statement to my wife, sell the jet today,
sell the house were today, you just dump it dump. It ok dumping
everything that we own, except for one thing.
things that pay us money every month, which is my realistic. Do not so
that property, no matter what you let it keep paying you it'll pay you forever
you're only money every month. It keeps them
the every month and it keeps multiplying overtime. Unaids, Grandcourt down, there's a Cardoso. Tell your friends come on.
Tunes every damn day for you. If you don't like to look at me, which is hard to believe.
then listen to my shit. Listen to me, man, listen to me on the tones. Ok, I drop new stuff every single day, Monday's real estate, Tuesday Power Player interviews; third, Wednesday's how to keep your marriage together for Fridays.
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Transcript generated on 2020-12-15.