Give Me 43 Minutes... I’ll Show You the $1M Game Plan No One Teaches

"Let's assume that I gave you $8,400 today and this is the only money you ever invest. You invest this $8,400 into the markets today and you never invest another penny again for the rest of your life. And let's assume that you are a good investor. You can average a 25% return a year on your investments. And you invest your money for 40 years. But remember, you're never investing another penny. You only invest the $8,400. Well, after those 40 years, your $8,400 is going to grow not to a million, not to $5 million, not to $10 million, not to $50 million, but to $60 million"

"Because this is the average APR that these credit card companies are charging you."

"Well, you're going to retire with about $1 million. Now, you're going to say, "Well, Jasp, I don't want to have to wait 45 years to have a million dollars. And in 45 years, a million dollars is not going to have the same buying power as today." Sure, but look at what I showed you. We're talking about $100 a month. If you can invest some more money, well, you're going to have more wealth. What if you can invest $200 a month? What about $1,000 a month? What if you can get slightly better returns?"

"Your house is sold to you as an investment. When in reality, you should treat your house like a liability and an expense because houses don't always go up in value."

"This is the amortization schedule of a $400,000 mortgage at 7% a year. And what you'll see is that in year 1, $27,000, almost 28 grand of your mortgage payments are going directly in interest into your banker's pocket, while only $4,000 is going as principal to actually pay down the value of your house. And it isn't all the way until you're 21 where the majority of your payment is going to principal as opposed to interest."

"As soon as you put the keys in the ignition on a brand new car, it's going to lose 18% of its value as soon as you turn the car on."

"Well, if you took that $550 a month and you buy this new car, after 30 years, this car is going to be worth $0 because that car is going to have a limited lifespan. You're going to need a new car and you're have to get new car payments. So, you're going to be making car payments. And you might say, "Well, just please eventually I pay off the car." Well, as soon as you pay off the car, what happens? People feel weird without a car payment. So, you have to trade it in and get a new car. So, you end up paying more than $550 in 7 years once you trade it in for a new car because cars get more expensive."

"Now, if you take that $550 a month that you were giving to BMW, that you were giving to Mercedes, and now you invest that money into your wealth instead. You take that $550 a month and now let's assume that you can only get the returns of the market. You don't try to do anything crazy. You get the average 10% return a year and you do this for 30 years. Well, here you have nothing. After 30 years, here you're going to have $1 million."

"And number three, they know that many people are not going to actually make the payments. And so when you don't finish up the payments in time, well now they're going to slap on 20, 25, 30, 35% interest sometimes. And now they're making even more money on that interest because you didn't pay it off in time."

"The general rule with a 401k or IRA is you have to let your money sit there until you were at least 59 and a half years old. Otherwise, you are going to be subject to a 10% penalty."

"If you're making money from your investments that you own for longer than a year is called long-term capital gains. And the top tax rate on your long-term capital gains is not 37%. It's 20%. Not to mention that when you make your money from your investments, you don't have to pay payroll taxes either."

"real estate investors that are making a million dollars a year that are paying effectively 0% in taxes. Why? because the tax code says that you can get a lot of different deductions as a real estate investor."

"Here are a few business ideas that you can incorporate with AI to potentially make an extra $10,000 a month. Number one, start an AI consulting company. Show businesses that are making money how they can save time through artificial intelligence and niche down. For example, start a firm that specializes in helping chiropractic offices save two hours a week using artificial intelligence. They'll probably be willing to pay you $1 to $2,000 a month if you can save them eight hours of time a month on the work that they're doing. Maybe it's through emails, maybe is through whatever data entry that they're doing. Figure that out, sell it as a service to them."

"Number two, help real estate agents build virtual tours of their properties with staging and charge them money to do that. Real estate agents want to show their properties off and a lot of agents are still only taking pictures off their cell phones and then posting that on the internet. Well, it can be very valuable to have a virtual tour of a property so people can see if they'll like it sooner rather than later and people can show off their properties. And if you can stage that property, that means the real estate agent can save money on buying furniture rentals to stage the property in real life. You can just stage it virtually and artificial intelligence can help you do that. So, if you can learn how to do it, you can sell that as a service to real estate agents."

"Number three, help law firms understand how to use AI to review contracts and draft contracts and build a legal brain for their own AI. As a licensed attorney, I can tell you that AI is getting pretty smart. I mean, even Chai GPT is getting very smart and they're understanding a lot of legal concepts. You can help a law firm build their own AI to build their own legal framework and then you can be on multi-retainer to help with support with the AI and then you can show the law firm how to review documents with the AI and how to create frameworks for documents out of the AI which can save the law firm a lot of money and it can make you some money along the way."

"Number four, show YouTubers how they can analyze their YouTube video success with artificial intelligence. I'm telling you this from experience. If you can take a Google sheet and now you can start analyzing all the YouTube videos, put all that information onto a YouTube video, you can show it to AI and then AI can then analyze your stuff for you. And that could be a business model. You can help YouTubers analyze their content, see which content does better. That way you can help them create better content that is going to generate them more views and make them more ad dollars."

"And idea number five is you can help entrepreneurs who are still in the early stage of the business manage their cash flow, analyze their cash flow, and track their cash flow using artificial intelligence for a fraction of the price of hiring a chief financial officer. Every startup business owner is going to be managing a lot of cash. I mean, they're going to manage a lot of cash movement from their bank account, from their credit card statements, from their debit cards, and all these other transactions that are happening. Well, if you can use artificial intelligence to organize and track all their finances, they could save hours of time every single month. And the one thing the entrepreneurs don't have is time. So, if you can buy back five or 10 hours of their time for $1,000 a month, well, now you can organize and track all their finances, and they don't have to worry about paying a chief financial officer, at least in the early stage of their business."

"My largest investment is my business. And if we exclude that, below that is real estate. And when I invest in real estate, I'm investing for cash flow. When I'm investing in stocks, the bulk of my stock market investments are also for cash flow."

"And what these rules are telling you is different ways that you can pay potentially less money in taxes. And the thing you want to understand is that the tax code rewards you when you are an investor, when you are a business owner. And if you are just a W2 employee, you're going to pay the highest tax rates."

"As soon as you put the keys in the ignition on a brand new car, it's going to lose 18% of its value as soon as you turn the car on."

"Well, if you took that $550 a month and you buy this new car, after 30 years, this car is going to be worth $0 because that car is going to have a limited lifespan."