The Secret To Escaping The Rat Race (Break Out Of The Matrix)
Published: 2023-12-11
Status:
Available
|
Analyzed
Published: 2023-12-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Achieving significant wealth is a long-term endeavor, likely taking several years, not just months or one year.
"it's not going to happen overnight it's not going to happen tomorrow it's not going to happen next month it's probably not going to happen in one year either this is a long-term wealth game but if you stick with these strategies you will be able to completely turn your life around in the next few years and you will be able to achieve that real wealth for yourself"
Pending
Taking personal responsibility for financial decisions will lead to a change in behavior and ultimately a different financial outcome.
"if you start taking that responsibility for yourself you're going to start changing the things that you do and if you start changing the things that you do espe especially with your money you're going to end up in a completely different financial situation"
Pending
A 30-day challenge to only blame oneself for life's difficulties is proposed as a method to initiate change.
"try this with me for the next 30 days do not blame anybody else except yourself for anything that happens wrong in your life for anything that happens difficultly in your life blame yourself only try for 30 days and see what happens with it"
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Impulsive spending during financial hardship will exacerbate problems, leading to a worse financial situation.
"the problem with that is these things are going to catch up to you and now instead of being into a knee high pile of crap now you're going to end up in a shoulder High pile of crap eventually you're not going to be able to breathe and it will get worse because all these things do catch up to you"
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Individuals can typically find an extra $50-$100 monthly by reducing spending on dining out, groceries, housing, or by downsizing vehicles.
"there are ways for you to find an additional 50 to 100 bucks a month by cutting back on some things maybe you stop eating out at certain restaurants maybe you buy different foods at the grocery store maybe you do need to find a different apartment maybe you got to sell your car and downsize if you have a finan car if you have a finance BMW if you have a car that takes premium gas I guarantee you there are ways for you to downsize"
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Every individual has the capacity to reduce their monthly expenses by at least $50 to $100.
"every single person can find a way to find at least 50 to 100 bucks a month that you no longer have to spend"
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Paying off high-interest credit card debt is more financially beneficial than investing in the stock market, given the significant interest rates on credit cards compared to potential stock market returns.
"if you have credit card debt you shouldn't be worrying about investing ing your money to the stock market right the stock market is going to get you a five 6 Seven 8 maybe 9 maybe 10% return on your money that is the goal but you're going to also lose your money in the stock market right it's not guaranteed your credit card is costing you 15 16 17 20 25% a year in interest so if you might be able to get a 10% return in the stock market but you're going to pay 25% on your credit card you're going to get a better return by paying off your credit card one year early"
Pending
There is a finite limit to how much one can cut back on spending, whereas there is no ceiling to earning potential.
"if you feel like you're not making enough money there's only so much that you can cut back maybe you can find an additional 100 bucks a month maybe an additional 200 bucks a month maybe an additional $500 a month maybe depending on if you're making a little bit more $1,000 a month but there's always going to be a limit to how much you can cut back but there's no limit to how much you can earn"
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The primary goal of earning more money should be to reinvest it for wealth building, not for immediate personal consumption or luxury purchases.
"the reason why you're earning more money is not so you can go out and have a nicer car a bigger home better vacations more fancy stuff the reason I want you to earn more money now is so you have more money to put to work whether that's paying down your credit card debt whether it's building your savings or investing your money because now the goal is to build your wealth"
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Achieving financial success requires effort, sacrifice, and hard work; laziness will prevent progress.
"you're never going to get anywhere in life without working if you are a lazy person I suggest you just leave this video now because you can't get anywhere you want without actually putting in some effort without actually making some sacrifice and putting in the work"
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Individuals who are willing to make necessary sacrifices are more likely to achieve results than those who are not.
"the person who is willing to make the sacrifice when it needs to be made will see the results that somebody who doesn't or won't doesn't see"
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Replacing passive entertainment like Netflix with educational activities (reading, videos, podcasts) on financial topics can lead to significant mindset and financial improvements within 6 months to 2 years.
"if you turn the Netflix time into reading time you start reading books or you start watching YouTube videos or listening to podcasts on things like how do you build a business how do you increase your income how do you grow in your career how do you get a new career how do you invest your money how do you put your money to work how do you pay down your debt you're going to be in a completely different mindset in 6 months and you're going to be in a completely different financial situation in two years"
Pending
Building wealth is characterized as a 'decade of sacrifice,' where consistent effort over ten years leads to a significantly different financial standing.
"Building Wealth is a lifetime game I call it a decade of sacrifice and the reason why I call it the decade of sacrifice is because if you put in the work for 10 years which is a long time you were going to be in a completely different financial situation"
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Maximizing return on investment (ROI) can be achieved by strategically using time, such as converting leisure time into learning for financial growth, rather than solely focusing on small monetary savings.
"you got to work to use your money smartly and you got to also use your time smartly and one of the things that you can do is convert the Netflix time into learning time that is the best Roi that you can get not because you're going to save 15 bucks a month but because you're going to save those two to three hours a day where now you can use that time to read books listen to podcast watch YouTube videos"
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Significant positive changes in thinking and financial situation can be expected within 6 months, with even greater transformation occurring in two years, by implementing the discussed strategies.
"if you do that you're going to be in a completely different situation in 6 months you're going to think completely differently in 6 months you're going to be in a completely different financial situation in two years"
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Wealth building is a 10-year commitment requiring sacrifice, which can lead to lifelong financial security and the ability to provide for future generations.
"this is not a six-month thing this is a 10-year game plan we're talking about a decade of sacrifice but if you're willing to do it for a decade you're going to end up in a whole new different place financially you can set yourself up for the rest of your life and you can even start setting up your kids for the rest of their lives"
Pending
An individual starting at age 35 has a 30-year timeframe to build the financial foundation necessary for retirement at age 65.
"if you are 35 years old and you want to retire when you turn 65 that means you have 30 working years ahead of you to build your financial the foundation for retirement"
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