A drink or down here, hosted the cartoons and serious exam business. Radio, I'm gonna be talk about your money. You're planning is your career and this become serious exam business. Radio. Thank you for listening to wake up, call for the middle class ouch. Six. As your duty was your daddy's again, freedom in business finance, Cardona Zones starts. Look. I wanna keep your questions today, too. Passive income earned income and wealth building. I want to share with you today a bear

a simple thing that I wish I want to know when I was growing up on the come up: the difference between earned income, passive income and, more importantly, amateur reveal to you the ultimate play. What's better than passive income posts below you watch it on Youtube. Subscribe to the channel comment, love your feedback. If you like this, you want more this. Let me know whether you're twenty five or fifty five, if you committed to creating wealth for yourself, you gotta know the steps you gotta know the strategies and you gotta know tax. For thirty five years I ve been studying wealth, the first twenty years, thirty five year study. I made a lot of mistakes because I was getting my information from people who were more interested in earned income. How to increase, earned in I mean that's worth starts and I'm not saying that's a bad thing. It is a good thing you want to. Chris earned income, but the problem with them. Then, come and I share with you in the show- is most people- donors, Dan earned income, cannot produce wealth.

passive and come on the other hand, can start when its recurring and dependable and repeatedly recurring in Japan, well- and you dont lose money, you don't go backwards and you don't trade time for money, is less tax and can provide an individual when it is accumulated with tremendous amount of financial security, but neither one of these ok, neither one of these small quantities can make a difference, and neither one of these can even closely compete with the third thing that I share with you. who are the end of the shelter day, which is how wealth is created so I'll. Do this show every Monday? Will you get a notification when you hit the little bell that we're going live? You can call in every week, I'm here to support you, I'm here to help you I'm here to guide you. I'm here Give you what I wanted when I was twenty five and was broke, and what I, desperately needed. When I was thirty three and I had a million bucks and savings ago, I was

more scared, it thirty three with money, then I wasn't twenty bob when I was broke because now I didn't know what to do with the money, and I had this new responsibility like monies like obeyed lake like you gotta baby, now send you they. I get this new responsibility. What do I do? but you go and action and you gotta protect it. You gotta feed it the service it? You gotta, make sure that baby say and more importantly, you gotta make sure that baby grows up to be a healthy, happy child and then in adult, hopefully contributing society in then you ve done a good job. Parenting money is the same way for you. Turning your money? Are you protecting? Are you taking care of it and that most important play. Are you letting it grow up so that it can actually contribute back to the community? I've learned all of this. I've learned it the hard way and I'd like to share with you today some things that I've learned and all that so The definitions first thing I want to do here is I'm gonna. Look this up with you in present time. There's nothing wrong with looking things

There's nothing wrong with you understand something understanding at another. Level. By rediscovering what? Maybe you don't know? Okay, so, let's just start with earned income earned income. If you guys can see the summer computer, because I can see what they say. of earned, income is considered for the year Europe filing earned income would include all income from employment gross income. It would include wages, salaries, tips, bonuses, compensations and adding some stuff here any compensation. If you aren't eighty thousand dollars in a year- and I said how you can stay at my house- give you a bonus sustain at my house, that was that actually be a bonus or if I was going to give you a trip. Offs

we're about going to give you a pair of shoes, all that's compensation. If you won the. If you won the lottery that year and the lottery was a twenty five thousand dollars ticket that would be considered, earned income, not passive income cuz, you bought a ticket to get something back. If you bought a stock, sold it and made money that would be earned, income or compensation, and that is heavily taxed by the way earned. Income includes net earnings from self employment. For those of you who are self employed, when you go out and this is what I was doing the beginning. I was making a hundred grand a year. they could thirty thousand forty thousand a year. I didn't have this problem when I made a hundred all the sun, started. Havin a relationship with a group I did not know before. the S bedroom, and state, and they started wacky, unlike my God, when

make a hundred grand and work harder. I literally doubled my income paid. More money and taxes denied earned the previous year and total compensation of earned income? And I got resentful many If you are you, are you talking about onawandah, earn more money at they got the average person in America. Let me just look this average person, America, how many days how many days do work for our ass. The standard basic work wig this in what I'm looking for a look and perhaps to pay taxes. How many days do our work? Who knows the answer that throw it down the comments? Who am I Do I work to pay taxes? I think it's like forty percent of the year this year,

Control, work, the longest to pay federal state local, individual income taxes sporty. Today's payroll taxes will take twenty six days to pay fell by state next, as taxes fifteen is actually not that this is not the end. I'm looking for you know it's funny. When you look in on the internet, you just keep looking to put the answer that you want, but anyway, I think it's about a hundred days in the year. Forty days in the year, the average american works out one third, a little over one third upon correct of the year to pay federal state and excise taxes. Unemployment toxic said: that's earned income in Think from conversation I go out and sell something on the street corner, I'm supposed to pay taxes on that, I'm supposed to declare it some of you don't. I know. Ok, but you should because they're gonna come back and get you later if you Take a second job guess what the problem with the second job is yearning. Your earnings.

Two thousand dollars at one job, you're, probably pay and twenty four thousand dollars a year and taxes on their job. You know it and most people don't even know what's being withheld from their taxes, unless they we go get a second job is our first job and I get a second job in a second job pays me forty grant a year, when a pay another. Sixteen thousand dollars on that see what I'm saying like yours, your share, yeah you're spending more time you do an eight hours, adding eight hours and your basically pay and thirty to forty percent of your time is being the pay, the gum- I'm not saying you shouldn't do that. You should do that, but I'm sure you're better way today, I want to show you have to do this in the beginning, but you want to build a parlay it into something: distorts offsetting these categories. These expenses are killing you, it's not what you're spending this killing you it's what they're taking from you that killing you in there's a way to work around this ok, so this act will get a thorough job in multi level, marketing and start a new business.

By the way that is earned income, even though a lot of you guys in multi level, marketing talk about this being passive income. It is not passive income if you trade time for money to build a team, When you build that team, its recurring in that's cool, recurring income is not passive income. Necessarily recurring is if I'm trading time and I go work with Johnny to build a team, and that builds a ten dollars this week, ten dollars next week and in a month from now, it's a thousand dollars and two months from now in two thousand to start building because I still aren't didn't go. So if you want a million dollars from network marketing, trust me that arrest is going to treat that like yeah earned income there, not country like passionate okay. So look at the definitions, Earned income them just go back over that includes all income from employment, but only if is included in gross income.

Wages, salaries, tips. So many what give me five hundred bucks. That's cool direst wines with the tape, so be it I want to thank you on behalf of areas and myself, ok, now passive and what has passed because this is where people can start actually building wealth, because you're not training time to collect money the moment you trade time to collect money. The IRS is going to intervene at a heavy rate and the wealthy people. No man, if I could literally not just take that out of the equation of this equation time is money. What, if you could remove of time and just go straight for the money. This. How you do that? Ok, there's a definition. passive income is defined, as this is invest a pity, good definition right your best link. Amazon derived from rail property is the first thing on their list.

When I saw this time, I got to get some rental property, I'm thirty. Three years old, I was actually twenty eight years old, but I bought my first deal when I was thirty one years old, three years later and unlike ok, Annie, brindle property, limited partnerships- I don't know what that meant. I got one of those figured out what it was. I didn't know arena probably wasn't unbeginning. So when I read Definition of my I need some real property. I need some limited partnerships or other enterprises. in which I am not involved. Okay. So what do I do. I'm on a hundred grand a year in a business I read these definitions because I am committed to wealth for all of you that are out there committed to welcome you. Wanna come spent three days. What manner of you can show that link Johnny Grandcourt outcome for slash virtual there's, a great, opportunity for you and me to sit now for three days. Three full days. That's right! It's not for years is just three days and I'm gonna go over how to build wealth. Ok, I'm not gonna, be

about how I did it. I will be talking about how you can do it and the exact steps you need to take. So this is earned income. I was earning money. I have a. Tremendous tremendous and almost anxiety about increasing this number, but every time I increase it go from one hundred to two hundred. They robbed me. You ever heard this two steps forward, one step backwards, that's how built man every time I go forward. They grab part of my God dying. I thought I had a victory and they cut it. I thought one day, I did better and they cut in half. Ok, so that's one way, and by the way, do not on do not misunderstand me: you want to increase. This is high as you can go. In fact, if you want to get to the top, one percent donors in America. You wanna get that number two four hundred forty thousand dollars. You want to get a foot, forty four million. If you could it, you could think that but at some point in the future, and you build wealth. You want to bring this back now, one dollar I dont. Really,

what want, earned income to great wealth? Ok, now what It said when I read you need what is a rental properties? You cannot create ass of income. If you know get these vehicles, it's impossible, it says by definition, this is the IRS definitions. This is the wealth definitions. This is what you have to do to do. This is how the game works. so if you want to try to bypass it, you're you're not gonna, win this game. This is the rules of the game, it says buddy, mission Rennell Property, it says, limited partnerships, literary within with I was twenty eight years old, I just started my first business. I was rocking, trying to figure out the deal absurd and makes them money and he says the partnership or other enterprises in which a person is not actively involved. Ok, you want to circle that you cannot be actively involve for it to be passive income.

so you guys are gonna, go out by some real estate right or you gonna go raise money. You gonna go rays. Money for real estate deal, guess what you gonna get Bang ferndean gum and you thought it was fastened. It is not as it if your trade in time for it. You cannot be actively involved for this to work. So this is what I did when I was twenty eight years ago I started spending. Is much time is that could increase my first income because to do these are the two things you're gonna need money to do right or you run any partners.

so while I, when I was at work in rather than goofing off when the weekends, my buddies, you're, goin on vacations and and playing golf and doing cool things start in families, and I was like normal pay, the price right now. I'm gonna learn about these limited partnerships. What is that and I'm alone about rental property, and I started shop it. The first thing I did was in some of you think are well but real estate right away, but the truth is, I got a limited partnership with a guy named Scott Morgan, create a company with Scott called the court on group. He did automotive consume consulting by the definition of the law. I was not actively involved, was literary like hey. You can use my name, you can use my products, you can use my information and you can use my brain but I'm not gonna be actively involved in this business. You run it run it up around.

An end to the ground and your call in a kind of deal with him. I got a percentage of the proceeds. Any paid me every month to use my name that was passive income. I think I was taxes earned income in the beginning about two years: that had no the added clear on these definitions, but because the way we set it up, I should not have been taxes earned income. I should have simply been tax. Is a passive in barber in this activity and no matter how your tax the reality is. When you're not trading time for money, you're, multiplying money, so watch what happened, we create this limited partnership. I think that limit the partnership maker Made a hundred thousand dollars the first year, Scott here's this issue may lie we may born on a grand first. Whatever and I think I got forty one percent of that deal. Ok, I'm forty one thousand dollars a passive income. It was treated as earned income because I didn't know what I know today. I want to set up a stroke

you're different so that it was just paid as a royalty to me and it was passive. Ok, I was paid forty one thousand dollars on this? I went out made a hundred thousand dollars because of my own work? Ok, I earned forty one percent increase by wages by forty one percent without training. My time I had a multiplier was still taxed heavily no problem, but now I have to companies to flows. We talk about multiple flows of income all the time here I have to flows one this depended upon me and the second one does not dependent. Then I added the third piece, the rental property, the rental property. Is this Real property works like this guy. I took out thirty thirty five hundred dollars Seventy eight thousand dollar peace, a real estate- and I was They can an extra two hundred dollars a cash flow above and beyond my payment

Thirty five hundred bought a thirty eight, seventy eight thousand other property to businesses now and the third one was I'm a go about his peace, a real estate. I too find it had to buy negotiate had to get alone on it that took up to fifteen days twenty days thirty days and took a little bit I decided arguments. I had to know all that and a higher lawyers, probably fifteen hundred bucks. I had to do all that stuff and I had to commit to a long mortgage on that. These are property was terrifying, but my first. Check with two hundred underdogs okay and What do you wonder too? If I kept kept property twelve years it looked like on paper, I was going to make twenty four hundred dollars. Ok, let me just bring it to the story. So let's say my income or my first business didn't go up and by the way I got em surprise for you here and a second Hadda, how warp speed all of it okay and blow all this blow. breathing out of the water. When you learn at last trick, you can be like dude,

I'm only gonna get earned income impassive income. So I can get this third place as a third play. Just kills everything, so I am offers first business earned income. I got forty three. The knowledge coming out of my second business earned income. Even though I was a passive partner. I just made a mistake and how I reckon as there without rest. In the third thing I had was twenty four hundred dollars. And all I did was simply signs and documents by the right piece of property- the right time and put somebody in there that would pay the mortgage. The maintenance- gimme a little bit of cash flow now, which one of these are most pardon me. First of all, there all important to me everyone on support to can't do the turbulent FED into the first one. I wouldn't have the second business. If I didn't do the first business, I had to keep new in the first business by the to keep feeding the second business, because the leads from this business came from this one. Ok

the money from that one, and this one allowed me to do this one. This was a seventy eight thousand dollars piece of property. That piece of property is worth four hundred thousand dollars today. As a teardown, you can literally scraped the house and somebody pay for hundred grand to buy that house today and probably put a million million five. Maybe a two million in its place, which one of these is most important to me, which one I value the most we one will last the longest, which one is tax. The least ok. I did not know this when I was doing the money that our from this deal, because I was the active person collecting the rents. They bang me all I need to do is put a manager between me in that, and I wouldn't paid the earned income tax on that passive income So when you guys got by real estate and you're the actively picking up the check for that real estate, and you're doing the work, and you know

a manager between you and if you are not a passive investor, ok, in the beginning, you're not going today. This third business is worth it's got three billion dollars with assets in it. This cup we are still have this company I still had, and they all key producing income for me and our families, but none of these none of these are as good as the thing that I want to share with your guy now. This is the point And hopefully, you're walking out at here three hundred and five, eight hundred and sixty five, eight thousand six hundred and sixty eight. If you want to call up, ask question trying to figure out how to make a move here, three hundred and five eight hundred and sixty five eight thousand six hundred and sixty eight and we're going to spend three days with you October, 22nd 23rd 24th, this virtual. I deliver this content to you

and I sit with you laureates. I'm gonna have a bunch of screens around me and I ll build a sea. Everybody in the room with me is super super technological, very advanced way to share. Can you show Johnny what it looks like share a workshop setting with you wear machine a piece of information on when I click a button. So ok guys do you accept you got five minutes and you gonna break up into groups of people each do that exercise and will come back and discuss it. Ok and whole people Annabelle, so remember earned income. This is many years ago. today that hundred thousand dollars. Business, I never walked away from their business that business probably arms on a bad day. Three hundred grand day this was a year. This was one year. This is a day. So I'm just sharing with you this I'm not braggin We I'm proud of this everything, but I'm sharing with

like I never walked away from it. I've been doing this this business. Having grown this business for thirty years now, hundred grand a year. I learned how to make three hundred thousand, sometimes five hundred grand I sometimes seven hundred grand Weed multi million dollar days here, this money is taxed heavily unless we can do something with the money that comes from it that I share with you in a second. What number to the car downward that business that I still have. I don't know what is going to pay me this year. I get forty one percent proceeds at our company. He does the work. I doubt he continues to build that brand brand. Khartoum group, there's cardon vent, there's that connects incubator, there's ten ex here systems. All these all these cardon ventures, all these or partnerships are by definition is- is

limited partnerships or enterprises. So I keep adding cardon group cardon ventures, clinics, incubator, we're gonna start ten thousand ten thousand companies launch them fun them help them would manufacturing and marketing and bring them to the marketplace over the next ten years We haven't heard about what we're doing it. Ten. I think you better man, you got. You got some kind of crazy wacky idea about the next piece of technology. This is about technology, okay, 10x incubators that techno become the court on ventures is where we scale would also. Unless watching tenant connects health system. You'll see a website up this week to offer technology. an alternative hell solutions to people that one is stains of shape one or reduce anxiety and stress one. first aging and back and say reverse aging. But people say man. Do you look like you put that guy's name. Benjamin burdens. As you know,

drank audio and I take care of myself all day, long, ok, after I have drawn. It would also have one on. I got my tunics events and we do others cup there. Some other partnership them we're getting oh Ten acts media These are all partnership- some fifty percent partner here fifty percent partner here fifty percent partner here Kinnock's media- will have fifty percent. We're going actually go, produce, tv and and and movies is Ok, so this is cool, earned income, other enterprises, but here's the polite books, here's the thing that will dwarf dwarf everything it's called the recapitalization of assets and when, we capitalize when you build assets and then re. capitalism with debt. Let's

my company? Let's say this company, does three hundred grand or day. Let's say it's worth, I'm just making this up. you guys you guys on the major see here. You guys on the internet that are estimated man net worth and guerrilla What's there what's with some of those by the legitimate millionaire? Well the gorilla all you want to know about net worth everybody's, There are certain my network, Forbes alma net, worth new gas cake. above all, what I'm doing like. I see what you Let us do not twenty twenty one results and, unlike you guys are lost low to the game here. If you take the view taken, enterprise Does three hundred ran a day.

One not and million dollars a year without any extra. That's ok, If I go in red cap, unless this asset it is an asset. Is a growing concern and enterprise. If you were going to go recap, analyzes somebody's going to say this companies work some number grey then the revenue it produces. Being that the graph that then it has is like that, for not, your two year or three years, but far a deck, gate or longer since two thousand and twelve for sure. If you these other enterprises. We have one that we started last year. It did fourteen million a net. The first year say forty million say it's worth it the fifty six million, but

if we knew that that business was gonna, make forty five million this year and on track to do that, that company could be worth a hundred eighty million Ok, so let's say this is worth a hunt, this site. This is work that say it's working. Hundred to four hundred million here. This say this companies work, the hundred eighty I could you could you might want to consider capitalizing your assets when I, cap and asset. And I know the haters are gonna- be watching this right now, I'm with you guys, I love because they know me man, If you re capital Azure assets rather than selling your assets, I would sell em ok What I would do is, I would recap, allows assets. Let's say there were six hundred million. Whatever number you one, you want point four hundred million. This happens every day. This is how the wealthy create wealth- they do is they would go borrow against this four hundred million the say they pull out two hundred million dollars.

When they pull out two hundred million dollars and put debt on their company, tax. A bit two hundred million dollars in cash is zero dead kit, not debt by definition, cannot be taxed every time. You use your mastercard, your American express your bees, a car. You go get alone on a car. You don't pay taxes on that. You don't pay taxes on debt. You pay taxes on casks, that's was a cash is garbage. Do debt is actually your friend if you how to use it so watch this agony, effusion of two hundred million dollars. If I win, aren't you a hundred million dollars? I would only end up with a hundred in this case. There were two hundred million dollars. I control the company that pays the dead on it, another companies doing well. This is basically an insight and insight I wanted to say I want to inside. I want is due down ammonia inside you,

your business or on the inside. You and your family can create that what this wealth plant earned income get it up as high as possible, use the cached about passive income investments. Other enterprises. and our real estate. In the third thing you want Do you want to really capital as these investments you could take to hundred million dollars and go by one, billion dollars with debt new debt by the way more debt, more debt. That's what I said: Morgan and you would buy a billion dollars worth of enterprise value their produce cash flow cash flow. would produce. Probably on this ten million a year with five percent. Two hundred million is that right things? Ten million All this is passive. Now, I'm just literary making deals like that: first property about that produce two hundred dollars a cash flow perma. Twenty four hundred Ok right now, I'd rather have twenty four hundred dollars passive than fifty thousand dollars and earned income. I

that two thousand four hundred dollars a month a year in passive income than that fifty thousand dollars earned income truth is I'd rather have both and you should too okay. So let me just put this in your two two hundred million- yes, ten million doubts; okay, this produces down another ten million dollars in cash flow and guess what that's passive income I think today is taxed at nineteen percent until Mr Biden will probably chain things. Nineteen percent, rather than the thirty nine percent, that the average American pays today shared with yellow track. Folks, ok versus earned income than is passive income. Then it is ultimately the ultimate goal for you and your family is to wreak capital azure assets as well. You see so many companies recap analyzing, you see so many company. using get even when they have cash. So there is good that there is bad. There are people, good people, basically using bad debt.

Bad people using good debt, and I encourage you to figure out this game between passive income earned income. Re capitalizing assets with good the stopped our colours real estate is one of those vehicle You can do this with. I know a guy that owns a card leadership right now. The card dealerships worth. I think the whole enterprise is worth six hundred million and he everything's paid obvious zero dead, no floor plants owns all this building. Everything on light broke, go borrow four hundred million dollars against those assets. Eight debt grant this aid to kind of debt. You grew up with this dark horse. Jake was our brother. I don't I'm doing it. How you don't know the good man good? What do you want talk about? That's a good question. I came with a deal, but I really appreciate what you ve been talking about our and yet so like your deal, does your deal provide passive income? Theoretically is theoretically Ok, how big is given in dollars? Two million people

yes, and what you gonna do without even a flip. It openly within that can be earned income just so you know that is not going to be passive income alot of real estate, guys out their think you're getting too passive income. Flippers are not flippers and sailors or earned income you're getting tax. The house right not a bad thing, not about I'm just saying that is that is bad definition earned income or you gonna, hold this possibly hold and keep. It would be awesome as well. How many you I get it I held it and then reach out. I guess bag provided. Capital out with that in a better place near one thousand percent, like one of the mistakes I may well, my real estate is ass old stuff. I shouldn't sell stuff like Cordelia. Then I'm talking about right now he can pull four hundred million dollars of cash. None. It would be tax. Folks, all he's doing is reaching into future earnings and dragging out grabbing it from the future. Poland it to him right now. He's, got overleveraged, discarding or ships. The dictatorships can service that net he's gonna pay on this dad he's.

pay? Probably two percent he's gonna pay eighty million dollars a year in debt Eighty million a year and debt ok, but he reached it the future got four hundred million less four hundred million pays him twenty million in cash flow. Four hundred I did this wrong. Four hundred million is not you. Ve gotta be eighty million. he's gonna pay, eight million- I'm sorry, eight million in a meal. An interest. four hundred million from the future pull it time he's gonna take The four million he's gonna on what is four hundred million I like to use this big numbers because they make they forced me to start thinking. Big yeah, that's gonna, twenty million. Sorry, not two hundred twenty million, so

Eight million over here that he paid in entrance made him twelve million dollars the money, wouldn't even if it had even happened. Yet he pulled into the future grabbed it. But it's gonna buy one point two, billion dollars when the real estate somebody out there you don't understand what I'm doing right now with the real estate that I'm like. Why is this guy so aggressively buying real estate cuz, I'm using sheet money, two percent three percent money to buy five percent assets? Okay, produce five percent cashflow. That car dealer now would have an income from his car dealerships. Impassive income from this other vehicle Your two million dollar deal. How many units is it? It came. Fifthly, went under the limit: that's cool woody So what do you pay per for? Nor that's two million about about fifty, you paint thirty years it located when our city canopy and what are the rents right now, the rents.

nine hundred and ninety thousand dollars. Each yeah, okay and and one hundred and nineteen one thousand nine hundred and ninety five build. It says two thousand and fifteen Ok, two thousand that thing the location. What's the location you mean like a minority, can it be, which is a great played like over all the location, specifically like ok So the only way you can recap, alas, is by increasing Erentz communicating, Greece rents has not applied and and if you can the cap. Lazarus, do you have that? Do you have the floor on a grand necessary as a down payment known? a clause. So here's my question based on on what like what you just shared with other cargo at all We need to be careful that that everything, I'm a college student with with like no active yeah- I wouldn't you have- is a dad daddy. The doktor and show my play with the go, get twenty dollars from his pardon.

Will you be more than twenty thousand by the field in about? You probably need four hundred ram yeah and he has forty four partners, and so I have I start with two people who would I have two doctors, and that would that would give me the twenty grand at first and I would just roll on that I don't know here's my request and where you, because I am not a fan of the show I've been watching for a long time. If it's yours, you know it. This is the quality we owe you get all the time it should. I focused on number one right now should I focused on I'm about to college. I focused on try to get I gotta go. a big job on Wall Street earned income first, then God bested or try to raise money. And try to go to the real estate game right now. Well, would you do if you were well anyway, I would do. If I were you browse, I would get around. Somebody is playing a game. I would, onto my, I wouldn't go. Get it on me. I would go find out. I would look for who not what

Jared found who he didn't find what you know, J J with twenty five years, only found who who can help you move up the ladder bro who who's in a vehicle big enough to include you some of it you gonna get in? you're getting good at a job, but men, the job doesn't have any distance and it doesn't have a trip in there's. No there's no way to win in it. A bureau hungry ambitious person go find. Who is my more ambitious than you who has it got a vehicle they like imagine, binding Ilan. Twenty years ago, RO. I just want to help you get your dream, help. Other people get rich, get close to people dinner, ambitious that are well. driven, though, that they want to share with you, so you know tell and how many people, Japanese, those has been through it. Millions of people have come and go from here,

I'll bet you there's only one or two people that have hung out with him. His parents did they put two hundred and fifty with Jeff. There were thirty thirty eight billion dollars today so find. Who has the energy like I'm sixty three years old man? You know at some point I will Playing this game, but I got when I see somebody: seventy nine years old, what's the game last night, New England Tampa both both coaches or sixty nine years. I'm a man! I got six years. Those guys are still out on a Sunday afternoon by playing football. I got. I got six years to become a hard ass again, So that's what I would do man I would find, who can help you get into this real estate game in a big way, ran Seko, came and found me when he was twenty eight years old.

And I've taught him more about real estate than he could ever learn in a workshop. But he's with me, Everydayness gotta put up the Mai bullshit everyday, so That's what I would tell you to do that you guys. You guys are watching this right now, you're some of you, some of your billing others no way at the. If the properties are worth six hundred million, this guy Then I'm talking about right now Kenny I personally know I've known him for forty years. He has built a business that is work today. He could sell it Jerry. You think somebody would come back this thing for six hundred million a billion dollars rather than selling the assets, because it is sold at four billion dollars. He would have capital gains on the billion dollars. He would get whacked whore. To do that, but even if you wanted to do that later, he would go grab. this money out of that. Ok, he would go sit. Down what Goldman Sachs, R J, P Morgan in and say, look I want to pull four hundred million out of my enterprise, they would love to give him this loan. He would bore

that money at two percent. This is what you guys can do in the future. The numbers you're gonna be deference, can be. Four million are forty million of whatever right. He can pull this four hundred million out he's gonna pay eight million dollars a year in in interests, all of which is the adaptable, not true in your home. I beg you tap at seven, fifty seven and fifty grand that's all you can write up and in times four percent is all you can write off an interest twenty eight thousand. He can right up eight eight million interests that eight that four hundred million he would invest. Indeed, like I'm doing, he would earn twenty million. You understand he makes x on the interest, but what? that's the way the wealth is created, he's my age. He would Take the four hundred million dollars. He wouldn't go back partnerships he would winter, another space. It has nothing to do with coordinators. He would go about one point: two billion dollars, whether real estate with me and this one

two billion dollars. What the real estate, let's take it out ten years Ok, let's say goes up three percent a year for ten years: that's what rents do. Ok, the one Point two billion now goes up thirty percent. What is that generic three hundred and sixty million now I want to see a real estate, no bro we're going to sell the real estate wiggle re capital as we can, the cap. The real estate is worth one point: three billion today we're going to go or a seventy five percent of that. Is it one point, but you Oh yeah, oh yeah, towards one point: six billion, which is coherent exaggerate by forty million, because that's gonna numbers you done I'll, send things get echoes and also everything gets. Everybody gets optimistic, ok and an in interest rates go down when you do these big deals, ones.

I'm gonna get alone for one per two billion. What do we pay for yeah? Guess what you get? part of that he gets here. Four hundred million back, because he's hangover may be like brothers, roared again like man, I'm eighty nine years. Oh, I don't give a shit about this board about you, kids, what about your church? What about your community it again brought. This is how the Rockefellers played the game. This is what I still have like you got. You got rocket just throw all over planet earth man they own. They just don't called the Rockefeller Bank. They called the Bank of America. J P Margaret Jamie Mortgage, begone hell I'll pump Indo every day, He has been around for like ninety years. This is the game. Folks, first get your earned income under control. Go

spend more than you have or make use the extra to go. Make investments they get you number to the appear passively. Passive income by definition, is where you are not where you are involved. Okay, this is great. Your network, passive income, by definition, Let me just read that day again, limited partnerships, rental properties are under amp enterprise, in which a person is not actively involved by the way, I'm going to go back to the IRS all that money that we proceed from Scott Morgan at the cardon group that should have been treated as passive income royalty income we've been filing that wrong. Okay back his love, for as I can't okay, so man, I'm a sou. The arrests and the federal Government- ok, ok

three hundred and five, eight thousand six hundred and fifty eight six thousand six hundred and eighty two they were talking about passive income earned income and your wealth capitalizing assets if you and your wife junior spouse had this in mind right now, if you guys we're thinking about hey, what are we going to do to buy yacht one day or to build a go to to to Serbia? Croatia or south of France and just float in about four for a month. Magic Johnson, share that with me last week in it. Of you, if you guys want to grab any that material. If you want to be part of this three day, wealth building boot cap, Grand Cardona comforts ICE virtual s will be sharing with you for three days, giving you the excess, as is necessary for you to go from earned income Vienna slave no Prob I'm gonna be asleep, I tell you this all you guys talk about job. Did I'd, never leave uppers job past earned income to get passive income to one day recap assets

and this is how you create wealth right here. You do not create wealth with passion come only you created, massive wealth can be created by re capitalizing assets like MAGIC Johnson was talking about. Is game on the Dodgers. They sold it I'll betcha. He wished. They were recaptured. You can do this in franchising. You can do this. Okay, grant Cardone licensee we're getting ready to expand our licensee program to include coaches around the world, going to explode that business. Ten exhale systems we're gonna blow down into a billion dollar business and we're looking for nurses and doctors. They want to help us if you wanna, if you're interested doctors and nurses that are under attack the FDA right now in the sea, CDC and W H, Yo We'Re-

out ten exhale systems email an email for that year- grant at ten Ex health system dotcom. Can you get the Ceta Grant at ten ex health system? Dotcom we're looking for? doctors, chiropractors pities nurses- you guys are in that space. You want to get in this tat and we're gonna basically created franchise for ten exhale systems that have ten tell centres around the world. we're don't make some anathemas right. Now: right now, but in in the very near future of some of our new partners and when answer no name. You can be like didn't guy used by such as low drop big names. My big names are common nurses chiropractors anybody in the healthcare space. Ok, you want to optimize if you're interested in providing you're, you're you're customers with deliver,

Cutting edge technology on on health, optimization on alternative solutions to taking care pain, repetitive injuries, aging, reversing the process, making sure people look as good as they do in have as much energy is possible. Email me grant at ten Ex health system dot com to health system system, dotcom, that's gonna, be a business or mobility billion dollar business and then we're gonna go Recap: Eliza, grab money from it and go build other businesses with ten ex incubate or from a bill that into multi billion dollar business and do exactly what I'm saying: armor: bring into Wall Street, called on beer, Are you going to do the same thing? If you guys want to do that in your life? I want to help you do that or you could sit there and just earned income for the rest of your life and get exhaust. That's what people burn out man. You guys burn out cause. You don't know this part of the game like

not gonna burn out doing this, it is impossible to burn out doing this recap you don't Uk Guitar trading time for money. Reading your leveraging assets that hey you today. And you take the money from the recap and then you earn more money passively livestock, our colours Johnny, not talk it enough! Talk and Gun Mr Rod, rigorous, I hope you can spend three days with me at the cartoon Grandcourt own virtual camp Grandcourt owned companies- virtual. What's up agreed that things? Would you take my call got out a couple of questions? I'm not the cynics health systems is actually doktor, see brought a rigorous Douglas than you shot out. A while back and and yet a cynic felt, this was endeavouring curious about it, but there are looking at a pharmacist is what I am and Jimmy

deeper than that without an one thousand percent rough. One thousand, like ok, that's what's happening in your space right now, how doctors, nurses first response there is one I see what New York City did the other day with seventy thousand people in the healthcare space. I'm like we're. Do news about this Sophia. I need viruses. I need doctors are need, health care positions, registered nurses carpet. Actors like anybody in your space, it understands bodies, alternatives like the dead, unjust,

go, bother, AMA, let's cut less medicate. No, I know that we need grant that with healthcare. Disruptor, ok, yeah! I had my own pharmacy for twelve years. I built to him from scratch and I'll be able to exit ETA connect multiple and ever since demonstrate that in real estate of the bombing of over two years, gonna Cora two years- and I am looking at making a career change into and going into fills selling body which has prevented a medicine which sounded like a totally violence because making it is you know, healthcare is a very reacted industry. You know they wait till get a minister Treatin and nobody wants to help, and so, if I can attach to something that I can believe in what preventive medicine? For that I like the way Steve. What do you know a guy me Where do you live out? Where I live Adele? did I say we need doubt we need dialysis spot. We got a need like Phoenix too

Dallas. Let me down so big I could put. I could put eight or ten ten exhale system clinics in Dallas by self, and here we go the guy the guidelines, but I'm an interview with tomorrow. This guy owns Daddy they're gonna get what this guy this guy, the fellow to mixer. Ok, whenever one every farmer resonate that that that that I'm studying that are more APOLLO, among called on you, you would like. I need to talk to this. Guy mean this guy met last week and we do it. Let's go and by the way, what do we need to do this? Is? U should be mail? Did you get that was set up? Its they're gonna, get it set out Justino partner, public accounts. yeah. It's gonna take a second to set this up. This is like Lurie and launching this morning. You know here: none, don't don't confused me what we got. We got grant at ten ex health system I got an email me there and it doesn't at about eleven and twenty minute over to work.

In IRAN or even itself says yes, this is. This is a practice that you could set up that we expect. We're set one up in Miami. We think it'll make without a lot of attention. Ten million dollars first year Ok, so you going, are you going strictly cash model or going on third parties when it networks cash? Only brother? I don't want anything to do with these people. I don't want anything to do with the health system right right. That's what you want? I mean that's word that that word there. So you got what you do yeah and then I'm gonna, be I mean people can see what I'm doing my help there like did. God do something. So I've been working on this now for three years Haven't pain in my body when I was forty five and for me everything everything that I find discover in my life. I want to turn it into a business everything. So I turn my realist

I learned about it became a professional at it became a since I became a master. The game Now my gamma share with other people. I turn that into an education platform that then feeds are card on capital, but I'll do the same thing. Would healthcare to care? My body had been working on my body enough what Jerry three four years. really hard. Probably so I've learned a lot about what do I need to eat? What is my blood say, my blood, my blood, not just my blood type, my blood, what's going on in my blood, is different that everybody else's blood. What does it need would deficiencies? Do I have Am I a you know? How would you feel about getting a scandal and you're gonna pull bodies can where they can. Look in your body check your heart check your long that Jack permit. I love. I love the full body skin. I love all the Tec about their. I liked the swab have you done swab, yet I had been so yeah We could do a twenty second swab in your mouth, not the not the nose in your mouth like glittery like this in your cheek. We could send you the package

check it out, send it back to us and we can tat every deficiency you can eat. You were going to set up to where we can rule this out, doktor, where we could take thousands tens of thousands of these swabs install Compusa. This is where your deficient. This is the fact of you. What your blood is saying to us in present time. This is often MRS ask them you know not. What was I thought you had? A quest demand will look up on this vote was requested. yeah yeah. Well, I had a deal. Why had to deal? You know I've been investing real estate ever since I sold my business and I can invest in real estate. I'm trying to get the multi family. I've got a twenty sixth door deal that it just came across my death, like literally bright with a showcase want. Yet in I'm, just gonna like been trying to just create the numbers out, and I just wanted to kind of doubt it up. Let me just say a state because you're a doctor do you and I can make more money together with this ten ex health system and then in once we store pardon workin on your mama, be blown on your business,

Sama be blowing on the brand and the more I blown, the brandy easiest could be for you to sell your services in an end to the public in Dallas. But then, once a great enough, Pat enough earned income from your practice. Then we can start poorly. Someone I doubt about by the real estate deals are reach out to me. Vincent! What's Goin on New York and Upstate New York, my friend uncle G without come on man. I was no good under a great how you doing. I just want to start up. I think, You bet, I got videos detail, then why not? He taught me how to under my birthday, I been locked up. That is not the reason for the power, but can you name it? Man What did you see this new report? Men- and this was good-

I saw. One of them was work like three hundred or some other web, and it's a sad, my wife's it. Why are you so depressing cement? Google's gonna like trying to take me Thank you for listening to their cardoza, strive to disband gas, to leave a review and check out read on your favorite social media platforms. Rank or down here hosted the cartoons and thank you for listening