How To Attract Infinite Wealth (Not The Law Of Attraction)

"I can 100 guarantee that you're never going to be able to actually see that success which is why the first part to really attracting any sort of wealth or becoming wealthy is you have to have the emotional side of financial education not the actual practical side but the emotional side of financial education because if you do not believe that somebody like you can go out and become successful that somebody like you cannot go out and Achieve wealth somebody like you cannot become a millionaire it's going to be impossible"

"See the number one reason why poverty becomes generational isn't because there's no opportunity in America The real reason that poverty is generational in America is because a broke mindset gets passed down generation after generation after generation"

"If you don't know that you could go out and buy a private jet in your lifetime you're never going to work towards buying a private jet because you're going to think man you know one day I would just love to be able to pay off my home that would be nice If that's your sole ambition that's as far as you're going to be willing to go but if somebody says you know what I want to be able to purchase an island and fly there on a private jet you're going to think things very differently when it comes to money"

"More money will not help you be motivated to go to the gym more money will not help you find happiness more money will not help you find fulfillment But it can give you a tool to accelerate your physical fitness path it can give you a tool to do more things that make you happy it can give you a tool to do more things that allow you to be more fulfilled but it cannot fill that fulfillment for you it cannot fill that want to be physically healthy it cannot fill that void of just this toxic Culture around you money gives you options it gives you tools and it gives you freedom but it cannot give you everything"

"If you want to become financially successful you better be willing to work period There's no ifs ands or buts around I was at a conference recently and somebody came up to me with this question of hey Jaspreet um I'm looking for the easiest business idea I think I had this idea I'm hoping that I can make a million dollars in like five years blah blah blah blah and look at them and I said look I have never come across an easy business idea period"

"The same people that will work hard in somebody else's company are the same people that will work hard in their own company There's a very few amount of people that will not work hard for somebody else but they will work hard for themselves most people have this mindset that if I'm gonna do something I am going to succeed whether it's for somebody else or for myself because they take the sense of Pride and just take the sense of ownership with them wherever they go"

"There were people that were smarter than me there were people that had way more money than me there were people that had more networks than me there were people that had more resources than me But the thing that I did not let people beat me in was the effort"

"and then once you start to see the results that's when they start to compound because the goal here isn't just to compound your money but it's also to compound your knowledge because if you can compound your knowledge your knowledge is going to be able to scale your income and if you can scale your income well now you know what happens now you start making more money"

"your wealth is not built through your income your wealth is built through your assets"

"liabilities are things that take money out of your pocket and don't put any money back assets are things that you buy for the purpose of making money and what wealthy people want to do is they want to make money to buy assets and then use these assets to buy liabilities"

"The reason why I talk about your home as this liability is because most people believe that your home is the biggest investment ever... but the reality is your home is only an asset if you can sell it for a profit But until you sell it for a profit when you buy that home not only do you have to make the mortgage payments but you also have to pay for all the upgrades you have to pay for all the maintenance you have to pay for the property taxes you have to pay for the insurance you have to pay for the HOA and you have to pay for anything else to take care of the property"

"Did you know that your mortgage payments are front loaded meaning if you go out and buy a home today with a mortgage most of your mortgage payment is going to be going to interest in your bank's pocket today and tomorrow and the month after that and the month after that and the year after that and the year after that and the year after that For the first about 14 years of your mortgage the majority of your mortgage payment is going to be going directly into your Banker's pocket with interest and not Equity It's about 14 and a half years into your mortgage your third year mortgage that now at least half of a mortgage payment is going to be going to your principal"

"I met a guy at this conference that I was at recently and he was talking to me about this problem that he had he said I'm running into a lot of financial difficulties but they're very unique financial difficulties I said tell me more He says that I am a very aggressive investor I said I like the sound of that he says I invest pretty much every dollar that I possibly can into cash flow producing assets like dividend paying stocks I said I like the sound of that he said the problem is I sometimes don't have enough money to eat"

"The key is that you have to be working to scale that income that way you have more money to invest because the more money you have to invest the more income you're going to be able to get from your Investments"

"Companies do not pay people based off of how much money they think you need in order to be able to live a decent life and ironically Companies do not pay you based off of how hard you work but Companies pay you based off of a how much value that you provide and B how Irreplaceable you are"

"This means now they might spend a few billion dollars investing in new technologies investing in your softwares investing in new Hardwares investing in new artificial intelligences to hire somebody or a machine or a robot or something to take the orders and then number two to make the burgers because if they can now reduce their cost by four dollars an hour scaled over the number of stores that they have that's a huge cost saving for them"

"The thing that you can control the thing that you can fix and the thing that you can turn around is your financial education because that's what's going to allow you now to figure out what do I do with my income how do I scale my income and how do I protect and grow my income that when now I have money coming in from my assets instead of just relying on my job"

"it all works in progression but you have to first believe it's possible for you because if you don't believe that you can become successful or financially successful it is going to be impossible"

"the number one reason why poverty becomes generational isn't because there's no opportunity in America the real reason that poverty is generational in America is because a broke mindset gets passed down generation after generation after generation"

"if you don't know that you could go out and buy a private jet in your lifetime you're never going to work towards buying a private jet because you're going to think man you know one day I would just love to be able to pay off my home that would be nice"

"liabilities are things that take money out of your pocket and don't put any money back assets are things that you buy for the purpose of making money"

"your home is only an asset if you can sell it for a profit but until you sell it for a profit when you buy that home not only do you have to make the mortgage payments but you also have to pay for all the upgrades you have to pay for all the maintenance you have to pay for the property taxes you have to pay for the insurance you have to pay for the HOA and you have to pay for anything else to take care of the property"

"for the first about 14 years of your mortgage the majority of your mortgage payment is going to be going directly into your Banker's pocket with interest and not Equity"

"the more aggressive you can be to buy these assets to buy the cash flow the sooner that you will be able to afford that crazy stuff the fun stuff the dumb stuff without having to worry about the money"

"your income by itself is not going to make you wealthy you have to do more than just rely on your income"

"companies pay you based off of a how much value that you provide and B how Irreplaceable you are"

"if they can now reduce their cost by four dollars an hour scaled over the number of stores that they have that's a huge cost saving for them which means now they might spend a few billion dollars investing in new technologies investing in your softwares investing in new Hardwares investing in new artificial intelligences to hire somebody or a machine or a robot or something to take the orders and then number two to make the burgers"

"it all works in progression but you have to first believe it's possible for you because if you don't believe that you can become successful or financially successful it is going to be impossible"