You Are Trained To Be POOR - Don't Do These 10 Things

"if you had $6,500 of credit card debt which is the average household credit card debt in America today and you were paying 25% a year in interest your APR which is the average APR in America today well you're going to be paying a lot of money in interest in fact if you make the minimum payment you're going to be paying close to $155,000 in interest just to pay off the $6,500 in credit card debt"

"what if you had $6,500 in your pocket today and you invested that money today and now instead of you paying the 25% a year interest what if you could get the 25% a year interest well now if you could do that for 30 years and you never invest another Penny your $6,500 is going to grow to over $5 million"

"what we're realizing is that the social security funds are dropping year after year and what that means is social security the money that you're paying into Social Security every time you get paid is taking your money to fund somebody else's retirement it's supposed to go to fund your retirement but your money is going to fund somebody else's retirement and this is why if the Social Security System doesn't change that the funds in the Social Security fund are going to run out"

"the top tax rate for long-term capital gains is 20%"

"your ordinary income is taxed at the highest tax rates that a tax Cod has to offer"

"your investment income like your long-term capital gains income comes with lower tax rate today at the time we recording this video the top tax rate for long-term capital gains is 20%"

"the benefit that we have today which we didn't have 15 years ago is we have things like YouTube which makes Financial education so much more accessible because now you don't have to go and actually read a book or hire a coach I mean you can just watch a YouTube video and get a lot of financial education for free"

"real wealth is built through Investments it's not through just saving your money in the bank"

"the difference between investing your money and getting a high interest savings account is when you invest your money you can see bigger potential growth again I say potential because it's not guaranteed I mean markets go up and they go down but you can also get tax breaks and you have the ability to earn more wealth from your Investments than just a high interest savings account"

"if I was a doctor and I made a million dollars as a surgeon I'm going to pay half of that money in taxes when you factor in your federal taxes your state taxes your FICA taxes it's going to be at least half depending on which state you live in sometimes even a little bit more but if I made that money as an investor I bought this stock and I made a million dollars in profit and I sold it a few years later that's called long-term capital gains and that's taxed differently than my job income which is called your ordinary income your ordinary income is taxed at the highest tax rates that a tax Cod has to offer"