How to Turn Your Paycheck Into Wealth: A Step-by-Step Guide

"I want you to save $22,000 as fast as possible"

"and step number two is you're going to pay off all of your highin debts like your credit card debts"

"no more vacations no more eating at restaurants no more buying nice things and no more Netflix until you have achieved this"

"if you have credit card debt you should not feel comfortable watching whatever's on Netflix you should not feel comfortable sitting there on the sofa and just relaxing at the end of the day right now you got to have the fire on your butt because you got a problem you were in the financial danger zone and you got to get serious about it you should not feel comfortable sitting there relaxing at the end of the day because right now you got to figure out how to get out of this and that means turn that Netflix time into Learning Time use the Netflix time to read books watch YouTube videos or listen to podcast how you can earn some more money how you can save some more money how you can invest your money and how you can start a business"

"maybe you go drive an Uber maybe you go out and do some other side jobs that way we can make some extra money because right now you got to pay down this credit card debt and save this $2,000 as fast as possible"

"for every dollar that you earn from here on out 75 cents is the maximum that you can spend 15 cents is the minimum that you are investing and 10 cents is the minimum that you were saving"

"because when you go to work you got to go there and do something to get paid if you don't work you don't get paid maybe you can get buy for a little while but eventually your boss is going to find out and they're going to fire you if you work you get paid if you don't work you don't get paid with your Investments if you don't work you get paid"

"do you want to invest for cash flow or do you want to see price growth Most of my investments are for cash flow I like cash flow because well as I invest my money that means I get more cash flow every 3 months my stocks pay me a dividend I get a dividend check every quarter because these Investments are just sending me money my rental properties pay me every single month"

"do you want to invest in stocks do you want to invest in real estate do you want to invest in startups do you want to invest in cryptocurrency"

"stop financing the phone even if it's 0% APR stop financing your Gucci because you can't afford it and stop financing the things that don't put money in your pocket The only exception to this is your house that means yes you do not Finance your car either"

"your car is not something that is going to put money in your pocket I mean cars drop in value very fast and when you finance a car you are doing a triple VY you are financing something that is losing value you're financing something that has a limited time span and then you're paying interest on top of that"

"if I can't buy five of them I can't afford one of them"

"there's a limit to how much you can squeeze there's a limit to how much you can cut back but there's no limit to how much you can earn"

"if you can make $5,000 a month an income from the side of doing what you want I'm pretty confident you can turn that to $10,000 a month and if you can make $10,000 a month well what's stopping you from turning that to $20,000 a month or $50,000 a month"

"maybe you start your own business maybe you figure how to ask for a raise maybe you figure how to ask your boss for an additional $10,000 a year maybe you get a new career maybe you get a new job maybe you go online and you get a certification that way you can earn more money maybe go back to school that way you can get a better job"

"as you start to build more wealth you want to look into getting an attorney for yourself maybe that's an estate planning attorney so you can build a will a trust or some other sort of estate planning"

"that way you know how you can pay less money in taxes legally so you can protect your assets financially"

"financial advisers are great but you have to understand how to use a financial adviser and who they're right for for some of you maybe you don't need a financial adviser I don't use a financial adviser but maybe you would like that maybe you want somebody to help manage a money somebody who's a professional great just understand some of the financial education Concepts that way you can talk to your financial adviser and understand if they're doing a good job for you"

"that's where having some sort of life insurance could come in handy as a way to protect your family if a tragedy were to happen"

"the more you have the more you can do and as you build more wealth well now you can help many other people"

"you have to be wealthy in your mindset before you can be wealthy in your bank account"

"this is the reason why so much poverty is generational it's not because poverty is in your DNA it's because when you grow up hearing those things you believe those things then you tell your kids those things your kids tell their kids those things and it gets passed on generation after generation and you want to be the person that breaks that"

"money is just a tool it's emotionless it's not a good thing or a bad thing it doesn't make you a good person or a bad person it just amplifies who you are"

"it's the freedom and it's the time that is what's more important"

"this is not an overnight thing I talk about a decade of sacrifice this is a decade of spending less and earning more take can invest like crazy that way can build real wealth and not have to worry about money again"

"Let's assume that you make $60,000 a year that's $55,000 a month"