WEALTH BLUEPRINT: How to Actually Build Wealth - Two Proven Strategies

"spy is a very popular one this is an ETF meaning it's a fund that gives the exposure to the top 500 companies in the stock market"

"vti this is an ETF created by Vanguard this is a fund that gives the exposure to the total stock market"

"the key here is when markets go up and markets go down you keep investing I call it ABB always be buying that's how you win you buy when markets go up you buy when markets go down you buy when markets are sideways that way you can allow your wealth to really grow over the long term we're not talking about 2 months or 2 years I'm talking about decades that's where the real wealth is built here"

"if you can find a big company or a strong company before everybody else does before it makes it on the stock market well you could see huge Returns on your investment but it's also more risky because the smaller the company the more risk that you're also taking on"

"the way that real estate investing works is you're going to go out and buy a property maybe it's a house maybe it's a condo maybe it's an apartment complex maybe it's an office building maybe it's a ret retail building but you're buying this building you're buying this property and then you're going to rent it out to somebody else and then these rent payments are going to then pay for your expenses"

"the way you build a successful business ultimately comes down to two things and it does not matter what your business is what industry you're in or how much experience you have or how much money you want to make it is do you have a product and number two and do you have customers if you have products and you had to sell these to customers the way that you scale is you get more customers to buy more products or you get your customers to pay more money for your products"

"my definition for wealth is when you have enough cash flow from your Investments to pay for all your expenses without you're having to go to work to earn that money"

"if it made half a million dollar in profits and it's selling for 10 times profits this means this company's worth $5 million"

"9 out of 10 startups fail in the first 5 years"

"the profit is yours now you can go on vacation to Hawaii your business continues to operate continues to produce money in your pocket"

"if you own 10% of this you now have an investment worth $500,000 Now what happens if next year this company grows its profits from $500,000 to $600,000 well now if it's still selling for the 10 times multiple that means now this company is worth $6 million and that means now if you own 10% of this you now have an investment worth $600,000 so your investment Grew From $500,000 to $600,000"

"you have to see that wealth in your mind before you can see it in your bank account"

"you're going to have to sacrifice some evenings some weekends some holidays you're going to have to sacrifice some sleep and you know what else you might have to sacrifice some nice things you might not be able to go out and eat at some fancy restaurants as you're working to get your money right"

"we're not talking about 2 months or 2 years I'm talking about decades that's where the real wealth is built here"

"you need to be able to build a business that can operate without you"

"everybody else is playing this game right here they're working how could I increase my salary how can I make more money which is fine I'm not saying don't do that but everybody's doing it so that way they can drive a faster car and live in a bigger home when in reality what wealthy people want to do is if they're working for a salary that's okay you work for bigger salary so you can buy more profits you can buy more assets"