This 6-Step Formula Thats Makes People Rich (Most Never Learn It)

"If you don't get past your if you don't pay it in your 12 months, then what? So, that's the first part. If you don't pay it off now, you get slapped with a very very hefty hefty fine, a very very hefty fee where now you're paying a massive interest rate essentially like a credit card."

"And so over the last number of months, we have seen the fastest growth of credit card debt in the history of time."

"The simple math is if your mortgage is costing you say 5% a year and you can get a 8% return on your investment, you can invest your money, get a better return, pay off your mortgage, and have some money in your pocket. It's a no-brainer. So, if you can invest your money, get a better return. Why would you not do that?"

"So much more accessible now than ever before. I mean, you can go on to the internet, become a virtual assistant, you can become a copywriter, you can become a a designer, you can become a video editor."

"I have paid. So, Upwork, they're not paying me. Upwork is a platform that I use to hire freelancers. And I did a video on this, so I looked this up. In the last two years or three years, I have spent more than a quarter million dollars on Upwork alone. Wow. Praying on different individuals, different individuals just hiring people in different areas who don't work for me. They work on their own schedule because now this freelancing business has grown so much."

"I started a sock company a number of years ago when I was trying to figure things out and it was a waterresistant sock. Yeah. Yeah. And the interesting thing was I knew nothing about socks. How do you manufacture socks? How do you make them waterproof? And so I was working with textile engineers. I was working manufacturing companies. I was working with a lot of different people. I didn't have a lot of money and they wanted and now we're talking about a real product. So I learned to talk and essentially I did not I think my total cost to build my first round of socks was $3,500. still a lot of money, but relative to what if you want to manufacture products and create a product to go through the prototype after prototype to prototype, right? It costs typically $100,000 plus."

"My first business I started with nothing essentially when I started my event planning company. I started minority mindset with under a few hundred dollars when I was making videos off my cell phone."

"Buy now pay later with the last couple of years is arguably the fastest growing sector in fintech."

"And so over the last number of months, we have seen the fastest growth of credit card debt in the history of time."

"The simple math is if your mortgage is costing you say 5% a year and you can get a 8% return on your investment, you can invest your money, get a better return, pay off your mortgage, and have some money in your pocket. It's a no-brainer."

"And so there's a lot of opportunity there where now you can if you can present a service, you can make money doing that."

"My first business I started with nothing essentially when I started my event planning company. I started minority mindset with under a few hundred dollars when I was making videos off my cell phone."

"If you have a business idea, invest in it. First, invest in your mind, invest in your education, and then try to do it. You want to invest as little money as possible until you start generating revenue."

"I started a sock company a number of years ago when I was trying to figure things out and it was a waterresistant sock. Yeah. Yeah. And the interesting thing was I knew nothing about socks. How do you manufacture socks? How do you make them waterproof? And so I was working with textile engineers. I was working manufacturing companies. I was working with a lot of different people."

"You want to increase your income and your investments way more."

"So it allows people to spend even more to lock in all the stuff. So you have a whole bunch of stuff and all your money is going out to pay for the stuff that you bought yesterday, a year ago now, a year ago."

"Because when you pay off your mortgage, you get a guaranteed 5% return on your money. Because now if you pay it off a year early, you get a guaranteed 5% return. Versus when you invest your money, it comes with risk."

"You want to increase your income with your investments and keep your expenses the same."

"So much more accessible now than ever before."

"The minority mindset with under a few hundred dollars when I was making videos off my cell phone."

"So you want to save your money for three reasons and three reasons only. Save your money for an emergency. Save your money for a big purchase. ... And then three, save your money for an investment."

"The reason why Dave Ramsey recommends the snowball method is because psychologically when you get those small wins of paying something off, you feel like you're winning and you can pay it off faster."

"So much more accessible now than ever before. I mean, you can go on to the internet, become a virtual assistant, you can become a copywriter, you can become a a designer, you can become a video editor."