The Wealth Divide: Why Investors Are Thriving and Workers Are Struggling

"it's not going to get easier it's only going to get more difficult because we're going to continue seeing crazy things happen and the people that are financially educated and the people that understand this are going to become wealthier and the people that don't are going to become poorer"

"we have a new president that's going to be entering the White House we always keep hearing new worries about a potential recession and now people are finally starting to get concerned about our national debt levels"

"if you want to put your money into the markets and just see how you can win over the long-term follow a strategy like invest your money into something like the S&P 500 which is a group of the 500 largest companies in the stock market and I just ABB always be buying every week every two weeks every month you just keep buying no matter what and let the markets do their thing"

"if you want to be a little bit more involved and you want to find more unique investment opportunities that comes with more risk but also more potential return"

"on January 7th 2025 I'm hosting a free live and virtual wealth building workshop where I'm going to be going over number one how you can build an investment strategy in this changing economy in 2025 number two how do you find unique investment opportunities in 2025 when we have all these changes happening and number three how do you actually research those opportunities how do you do that work and how do you actually analyze your Investments"

"inflation Is Not A New Concept and I want you to understand why it's happening that way you can understand how you can win from inflation"

"the Federal Reserve Bank was created in 1913 they are now our Central Bank in the United States the interesting thing about the Federal Reserve Bank is they're not federal it says so on their website they're not a reserve because they're not sitting on any cash reserves and they're not a bank you and I can't go there to deposit money however they have the ability to set interest rates monitor our monetary policy meaning our money plan in the United States and they also have the ability to essentially print money"

"president Richard Nixon took the dollar off of the gold standard because the United States government was on the verge of default we had a lot of debts and we didn't have the ability to pay it and we didn't have enough gold and so instead of defaulting what president Richard Nixon said was let's temporarily take the dollar off of the gold standard so the Federal Reserve Bank can print essentially infinite amounts of money"

"all the money printing was why we saw such high inflation in the 1970s and early 1980s"

"inflation practically means the incomes will go up but not as fast as the cost of living"

"save $2,000 to protect you against emergency"

"pay off your credit card debts and other high interest debts"

"if you have not done these two things yet you were in what I call the financial danger zone which means right now you're going to have to make some serious significant changes that means no eating out of restaurants no going on vacations and no more Netflix until you do these two things"

"the average American is watching two to three hours of Television a day 2 to 3 hours of Netflix Hulu and whatever else is out there a day if you have credit card de or if you don't have $2,000 saved up you should not feel comfortable sitting on the sofa watching TV what you need to be doing is turning that free time into Learning Time Use that time to learn how to make some money to learn how you can earn some money to learn how you can save some money to learn how you can invest some money learn how you can build a business or actually go and do something or work some extra hours at your job"

"if you could get the same rate of return as your credit card company we'll say that they're charging 25% a year in interest which is about the average credit card interest rate right now and you could invest just $1100 a month and he did this for 40 years do you know how much money your little $100 investment would be worth after 40 years it wouldn't be worth $100,000 it wouldn't be worth half a million it wouldn't be worth a million it wouldn't be worth $5 million it wouldn't be worth $10 million it wouldn't be worth $20 million it wouldn't be worth $30 million it wouldn't be worth $40 million it would be worth around $43 million"

"75 15 10 this is what I talk about a lot which which is for every dollar that you earn from here and out 75 cents is the maximum that you can spend 15 cents is the minimum that you put aside to invest 10 cents is the minimum that you put aside to save for an emergency"

"wealthy people make money they invest money and they spend whatever is left the average person who is broke makes money they spend money and then they save and invest if there's any money left"

"you're going to invest and save your money before you spend all of your money"

"if the government imposed a new tax on you what would you do you're going to kick scream complain cry and find a way to pay it because if you don't you're going to end up in jail I want you to do the same thing here find a way maybe you got to cut back maybe you got to downgrade your car maybe you got to live in a smaller apartment maybe you got to stop having so much nice stuff it sucks for a little while but if you put in that sacrifice today you'll be able to live the rest of your life without having to worry about money"

"I have a free newsletter called Market briefs where every day my team is breaking down what's happening in the financial markets that way you can be a smarter investor"

"understand that you're going to make mistakes understand that you're going to lose money at some point understand that investing is risky but it's also a process and as do that you'll become smarter and you'll find ways to be better at it"

"Market just took a nose dive because the Federal Reserve Bank just admitted that inflation is apparently still a problem and he should ignore everything that Trump says and expect less interest rate Cuts in 2025 because apparently inflation is still a problem this is what Jon Powell who was the chairman at the Federal Reserve Bank said"