WEBVTT 00:01:32.289 --> 00:01:33.663 You shouldn’t put your money in your house 00:01:33.721 --> 00:01:35.781 you should put money in your brand. 00:01:35.827 --> 00:01:37.220 You should put money on the marketing 00:01:37.220 --> 00:01:38.287 You should promote yourself 00:01:38.287 --> 00:01:40.195 not put money in where you and your kids live 00:01:40.195 --> 00:01:40.895 Right 00:01:40.895 --> 00:01:42.325 Why is that a mistake? 00:01:42.325 --> 00:01:43.585 Because it’s a debt money 00:01:43.585 --> 00:01:44.335 I mean 00:01:44.335 --> 00:01:46.055 a house can’t make you money 00:01:46.110 --> 00:01:49.040 A house does not make you money 00:01:49.460 --> 00:01:50.923 The only reason people think a house 00:01:50.923 --> 00:01:51.606 make some money 00:01:51.606 --> 00:01:54.856 is comparing it if I rent that cost me money 00:01:54.858 --> 00:01:55.408 But 00:01:55.408 --> 00:01:56.238 you know 00:01:56.238 --> 00:01:57.678 If you need to go to the hospital 00:01:57.678 --> 00:01:58.998 you don’t buy the hospital 00:01:59.028 --> 00:02:00.028 you rent a bed 00:02:01.058 --> 00:02:03.117 to get out of there as fast as you can 00:02:03.117 --> 00:02:03.929 If you go a trip, 00:02:03.929 --> 00:02:04.549 you go to America 00:02:04.549 --> 00:02:05.459 you want to go to Disneyland 00:02:05.459 --> 00:02:07.389 you don’t buy the hotel 00:02:07.389 --> 00:02:09.713 you rent a room 00:02:09.713 --> 00:02:11.573 and nobody thinks bad poorly of that 00:02:11.573 --> 00:02:12.311 they are like yeah im gonna go there 00:02:12.311 --> 00:02:13.531 and use the place and get out 00:02:13.531 --> 00:02:15.201 That’s what you should be doing with your living 00:02:15.201 --> 00:02:16.546 Find a place where you can rent 00:02:16.546 --> 00:02:18.226 Rent, rent, pay rent monthly 00:02:18.226 --> 00:02:20.309 Don’t own the house 00:02:20.309 --> 00:02:21.274 and take all the money you 00:02:21.274 --> 00:02:23.105 that you have put in that house purchase 00:02:23.105 --> 00:02:26.323 downpayment extra money fixing it up 00:02:26.323 --> 00:02:28.473 use all that money to improve your 00:02:28.473 --> 00:02:29.803 business and yourself 00:02:29.803 --> 00:02:31.680 so that you can get more money 00:02:32.071 --> 00:02:32.741 Right 00:02:32.741 --> 00:02:34.309 So I see so many people here like 00:02:34.309 --> 00:02:37.095 im gonna invest $300 000 in a house 00:02:37.095 --> 00:02:40.449 to hopefully make $30 000 00:02:40.449 --> 00:02:42.419 Im gonna make a buyer for $300 00:02:42.419 --> 00:02:44.769 or maybe I’ll sell It for $600 000 00:02:44.769 --> 00:02:46.119 I’ll double my money 00:02:46.119 --> 00:02:47.769 fixed in one place by the way 00:02:47.769 --> 00:02:49.259 where no money comes to you 00:02:49.259 --> 00:02:50.454 Money doesn’t go to homes 00:02:50.454 --> 00:02:51.134 Right 00:02:51.134 --> 00:02:52.204 That's a big thing on your career 00:02:52.204 --> 00:02:53.494 is moving location 00:02:53.494 --> 00:02:54.104 Yeah 00:02:54.104 --> 00:02:55.248 I move 5 or 6 times 00:02:55.248 --> 00:02:57.078 I can move another 4 or 5 times 00:02:57.078 --> 00:02:57.988 Because people who stay 00:02:57.988 --> 00:02:59.153 stay in the same place get too comfortable 00:02:59.153 --> 00:03:00.083 If you study wealthy people 00:03:00.083 --> 00:03:01.687 they are mercurial 00:03:01.687 --> 00:03:02.392 They are moving 00:03:02.392 --> 00:03:03.392 they are mobile 00:03:04.294 --> 00:03:04.754 They are not 00:03:04.754 --> 00:03:05.364 They are not talking 00:03:05.364 --> 00:03:06.604 Warren Buffet Bill Gates 00:03:06.604 --> 00:03:08.248 do not talk about the home they live in 00:03:08.248 --> 00:03:09.468 They talk about the place 00:03:09.468 --> 00:03:10.326 they are going to 00:03:10.326 --> 00:03:11.318 They go meet money 00:03:11.318 --> 00:03:12.003 They go meet wealth 00:03:12.003 --> 00:03:13.673 They go meet connections 00:03:13.824 --> 00:03:14.554 People 00:03:14.554 --> 00:03:17.166 are stunningly accepting 00:03:17.166 --> 00:03:18.201 of anything 00:03:18.201 --> 00:03:19.786 if they are actually believe 00:03:19.786 --> 00:03:22.096 if that is the purest form of it 00:03:22.096 --> 00:03:25.633 I think I had be less acceptable 00:03:25.633 --> 00:03:28.276 if I hedged 00:03:28.276 --> 00:03:28.973 I really do 00:03:30.888 --> 00:03:32.828 People will accept you 00:03:32.828 --> 00:03:34.145 People will accept everything 00:03:34.145 --> 00:03:35.235 Just be you 00:03:35.933 --> 00:03:36.873 Be you 00:03:36.873 --> 00:03:38.693 and clearly people 00:03:38.693 --> 00:03:40.543 like react 00:03:40.543 --> 00:03:42.093 when you trying to fake something 00:03:42.093 --> 00:03:43.651 and you’ve got bad intent 00:03:43.651 --> 00:03:45.491 Well then that’s viscera and we hate 00:03:46.901 --> 00:03:47.771 But I actually think 00:03:47.771 --> 00:03:49.031 we 00:03:49.031 --> 00:03:50.001 don’t give love 00:03:50.001 --> 00:03:51.081 to the person who actually 00:03:51.081 --> 00:03:52.331 knows they have it 00:03:52.331 --> 00:03:54.171 and they try to fake it 00:03:54.171 --> 00:03:56.531 to conform hence why I won’t 00:03:56.531 --> 00:03:57.971 adjust to this market 00:03:57.971 --> 00:03:58.821 all the way 00:03:58.821 --> 00:03:59.801 because I don’t think 00:03:59.801 --> 00:04:00.851 I will be respected 00:04:02.221 --> 00:04:03.971 I know what my intent is 00:04:04.584 --> 00:04:06.324 So why I would be scared 00:04:06.893 --> 00:04:08.203 I want to build the biggest building 00:04:08.203 --> 00:04:09.417 in town 00:04:09.577 --> 00:04:10.781 that's who I am 00:04:10.781 --> 00:04:12.881 And you know how I want to do that? 00:04:12.881 --> 00:04:15.201 By building the biggest building in town 00:04:15.272 --> 00:04:17.042 And a lot of people want to build 00:04:17.042 --> 00:04:18.812 the build biggest building in town 00:04:18.812 --> 00:04:21.062 and you know how they want to do it? 00:04:21.062 --> 00:04:24.252 By tearing everybody else’s building down. 00:04:24.252 --> 00:04:26.922 Poverty is passed on 00:04:26.922 --> 00:04:29.462 It's taught in your families 00:04:29.462 --> 00:04:32.542 middle classes taught in families 00:04:32.542 --> 00:04:33.752 And so the people right now 00:04:33.752 --> 00:04:35.702 who were sitting at home 00:04:35.702 --> 00:04:37.217 who are struggling financially 00:04:37.217 --> 00:04:38.417 or worried about money 00:04:38.417 --> 00:04:39.527 or unhappy 00:04:39.527 --> 00:04:41.027 they may be making a lot of money 00:04:41.027 --> 00:04:44.047 but unhappy with what they are doing 00:04:44.047 --> 00:04:45.397 It was probably taught to you 00:04:46.037 --> 00:04:47.577 You know your super ego was taught 00:04:47.920 --> 00:04:49.440 get a job work hard 00:04:49.471 --> 00:04:50.841 or you’ll never be rich 00:04:50.841 --> 00:04:51.854 or the rich are evil 00:04:51.854 --> 00:04:55.054 or whatever 00:04:55.054 --> 00:04:56.854 Until you change your mindset 00:04:56.854 --> 00:04:58.134 money won’t help you right? 00:04:58.134 --> 00:04:58.574 Correct 00:04:58.574 --> 00:05:00.628 We see that with people that win lottery 00:05:00.628 --> 00:05:01.808 people that make more money 00:05:01.808 --> 00:05:03.225 money they still have the same problem 00:05:03.225 --> 00:05:04.413 because they have poor man’s soul. 00:05:04.413 --> 00:05:04.943 Correct 00:05:04.943 --> 00:05:05.823 If you are poor 00:05:05.823 --> 00:05:06.681 you’ll always be poor 00:05:06.681 --> 00:05:07.511 That’s really hard for people . 00:05:07.511 --> 00:05:08.476 to understand 00:05:08.476 --> 00:05:09.836 The money will disappear that fast 00:05:09.836 --> 00:05:11.466 just like most pro athletes 00:05:11.466 --> 00:05:13.686 they make millions of dollars 00:05:13.686 --> 00:05:17.721 and what 65% are bankrupt 5 years later 00:05:17.721 --> 00:05:20.248 It’s because they come from poor family 00:05:20.248 --> 00:05:22.310 Now you tell them that 00:05:22.310 --> 00:05:23.641 they got very angry at you 00:05:23.641 --> 00:05:24.861 not it’s a rich fault 00:05:24.861 --> 00:05:26.708 you know as "you guys ripped me off" 00:05:26.708 --> 00:05:29.358 "and government ripped me off" 00:05:29.358 --> 00:05:30.868 But unfortunately what 00:05:30.868 --> 00:05:32.218 Mr. Lipton was saying 00:05:32.218 --> 00:05:35.848 it’s passed down genetically 00:05:35.848 --> 00:05:37.658 That’s the frightening thing 00:05:37.658 --> 00:05:38.658 And it’s interesting 00:05:38.658 --> 00:05:39.848 when you commit to something 00:05:39.848 --> 00:05:40.718 little gifts 00:05:40.718 --> 00:05:42.818 just start automatically showing up 00:05:42.818 --> 00:05:43.988 It’s phenomenal thing 00:05:43.988 --> 00:05:45.998 It’s happened my whole career 00:05:45.998 --> 00:05:47.088 When I am fully committed 00:05:47.088 --> 00:05:49.062 somebody will bring me something 00:05:49.062 --> 00:05:50.972 and then look then keep your eyes open 00:05:50.972 --> 00:05:52.002 and by the way 00:05:52.002 --> 00:05:53.222 the package may come 00:05:53.222 --> 00:05:57.132 wrapped in a package you weren’t thinking about 00:05:57.132 --> 00:05:58.082 hard work 00:05:58.082 --> 00:05:59.052 or like a voice 00:05:59.052 --> 00:06:03.052 Like a person or you know 00:06:03.052 --> 00:06:04.602 maybe from different direction 00:06:04.602 --> 00:06:06.542 than you thought or an offering 00:06:06.542 --> 00:06:08.121 where you like you read something 00:06:08.121 --> 00:06:10.801 about this and that’s not the thing 00:06:10.801 --> 00:06:12.761 Like all through my career 00:06:12.761 --> 00:06:15.411 it’s come in weird kind of ways 00:06:15.411 --> 00:06:17.231 If you ask for help 00:06:17.231 --> 00:06:20.369 and somebody shows up at the door 00:06:20.369 --> 00:06:23.066 maybe let invite them in 00:06:23.066 --> 00:06:24.516 regardless of what the packaging is 00:06:24.516 --> 00:06:25.696 or what you’ve heard about it 00:06:25.696 --> 00:06:26.566 or whatever 00:06:26.566 --> 00:06:27.996 That’s really been beneficial to. 00:06:27.996 --> 00:06:29.236 How old are you? 00:06:29.236 --> 00:06:29.876 44 00:06:29.876 --> 00:06:32.246 I think I’m 40 00:06:32.246 --> 00:06:33.848 Do you know how young we feel? 00:06:35.722 --> 00:06:36.992 When you were 26 00:06:36.992 --> 00:06:38.742 did you ever think 00:06:38.742 --> 00:06:41.091 that this is what 44 felt like? 00:06:41.091 --> 00:06:41.661 No 00:06:41.661 --> 00:06:44.390 You thought that was finished. 00:06:44.390 --> 00:06:45.740 How old are you? 00:06:47.309 --> 00:06:49.299 When I was 25 years old 00:06:49.299 --> 00:06:52.009 I thought a 40 years old was finished 00:06:52.009 --> 00:06:53.149 I don’t even feel 00:06:53.149 --> 00:06:54.409 like I’m starting 00:06:54.774 --> 00:06:55.684 Right 00:06:55.684 --> 00:06:57.654 Yeah. But when I was 26 I was in a rush. 00:06:57.654 --> 00:06:58.724 I understand. 00:06:58.724 --> 00:06:59.944 All of those guys 00:06:59.944 --> 00:07:00.864 and girls in the streets 00:07:00.864 --> 00:07:01.334 last night 00:07:01.334 --> 00:07:03.152 When you say that to them 00:07:03.152 --> 00:07:04.182 like their face kind of goes blank 00:07:04.182 --> 00:07:06.572 because all the stuffs they watch 00:07:06.572 --> 00:07:08.152 MTV musically does this. 00:07:08.152 --> 00:07:09.482 It’s all about the bling now 00:07:09.482 --> 00:07:10.829 and of this now and of this now 00:07:10.829 --> 00:07:12.393 Now you know and MTVs tame 00:07:12.393 --> 00:07:14.513 You start following people in Instagram 00:07:14.513 --> 00:07:15.629 and it’s a disaster 00:07:15.629 --> 00:07:16.785 They are all pushing 00:07:16.785 --> 00:07:18.915 like you know it’s all about champagne 00:07:18.915 --> 00:07:20.115 and private planes 00:07:20.115 --> 00:07:21.461 and you can get it too 00:07:21.461 --> 00:07:22.989 and just sign up for my court like 00:07:22.989 --> 00:07:24.529 and everybody’s falling for it 00:07:24.529 --> 00:07:25.849 so I’m coming out 00:07:25.849 --> 00:07:28.417 and first of all I want to be historically correct 00:07:28.417 --> 00:07:30.617 Nobody in 100 years is gonna watch that video 00:07:30.617 --> 00:07:32.038 and say that I was full of crap 00:07:32.098 --> 00:07:33.468 I like that right 00:07:33.468 --> 00:07:35.248 No 2 I want my legend to grow 00:07:35.248 --> 00:07:36.658 I'm always fascinated 00:07:36.658 --> 00:07:38.548 by politicians and world figures 00:07:38.548 --> 00:07:40.058 Like Winston Churchill 00:07:40.058 --> 00:07:41.418 His brain continue to grow 00:07:41.418 --> 00:07:42.108 Right 00:07:42.108 --> 00:07:43.148 I want that 00:07:43.148 --> 00:07:43.888 When I'm dead 00:07:43.888 --> 00:07:45.338 I wanna be in the ground 00:07:45.338 --> 00:07:47.678 at peace knowing my legend growings 00:07:47.678 --> 00:07:48.808 Like I want that 00:07:48.808 --> 00:07:49.795 I want that in this business world 00:07:49.795 --> 00:07:51.545 And so I'm giving real advice 00:07:51.545 --> 00:07:53.383 And real advice looks like this 00:07:53.383 --> 00:07:54.253 When you 19 00:07:54.983 --> 00:07:56.803 And you can spend 7 full years 00:07:57.620 --> 00:07:59.144 Learning your crafts 00:07:59.393 --> 00:08:01.393 Meeting people that are mentors 00:08:01.393 --> 00:08:02.253 Being patient 00:08:02.253 --> 00:08:03.463 And you wakeup 00:08:03.463 --> 00:08:05.523 And you're 26 years old 00:08:05.523 --> 00:08:07.543 You have entire life infront of you 00:08:07.543 --> 00:08:11.123 And you have done great foundational work 00:08:11.123 --> 00:08:12.765 To go on and then be successful 00:08:14.201 --> 00:08:15.881 You know I have bad luck too 00:08:16.987 --> 00:08:18.397 I've had financial crush 00:08:18.434 --> 00:08:20.914 And so I've people stab me on the back 00:08:20.914 --> 00:08:22.067 But they're all good 00:08:22.067 --> 00:08:23.467 Because I grow from it 00:08:23.467 --> 00:08:24.891 That's spirituality 00:08:24.891 --> 00:08:26.171 You know people who are afraid 00:08:26.171 --> 00:08:27.071 of making mistakes 00:08:27.071 --> 00:08:28.591 Like they teach in school 00:08:28.591 --> 00:08:29.991 They don't ever grow 00:08:29.991 --> 00:08:31.341 Because spirituality 00:08:31.341 --> 00:08:32.231 as it's good 00:08:32.231 --> 00:08:33.431 and there's bad 00:08:33.431 --> 00:08:35.131 There's right and there's wrong 00:08:35.131 --> 00:08:36.307 There's up and there's down 00:08:36.307 --> 00:08:38.257 Most people always want to be right 00:08:38.642 --> 00:08:40.402 I want to be positive 00:08:40.402 --> 00:08:41.792 But you can't have that 00:08:41.792 --> 00:08:42.751 That's not reality 00:08:42.751 --> 00:08:44.653 And the average person 00:08:44.769 --> 00:08:45.826 the reason they're poor 00:08:45.826 --> 00:08:46.826 is haven't failed 00:08:47.166 --> 00:08:48.106 You know they play 00:08:48.106 --> 00:08:49.926 a sort of safe 00:08:49.926 --> 00:08:50.436 They haven't make 00:08:50.436 --> 00:08:51.136 any mistakes 00:08:51.136 --> 00:08:52.799 Like they taught in school 00:08:52.799 --> 00:08:54.559 That mean's they're not learn anything 00:08:54.559 --> 00:08:55.759 That's why the school system 00:08:55.759 --> 00:08:57.569 actually fundamental corrupt 00:08:57.569 --> 00:08:58.939 It's entire education 00:08:58.939 --> 00:09:00.079 Right 00:09:00.079 --> 00:09:01.089 Don't make mistakes 00:09:01.089 --> 00:09:02.599 And don't ask for help 00:09:03.867 --> 00:09:04.317 And 00:09:04.805 --> 00:09:06.175 If I didn't ask for help 00:09:06.228 --> 00:09:07.278 I've my accountants 00:09:07.278 --> 00:09:08.348 my attorneys my bankers 00:09:08.348 --> 00:09:09.118 and all of that 00:09:09.818 --> 00:09:11.548 You know I go into business 00:09:11.548 --> 00:09:12.948 Like a rugby team 00:09:13.759 --> 00:09:14.779 You know 00:09:14.779 --> 00:09:16.039 Boom Boom 00:09:16.039 --> 00:09:17.369 We kick butts 00:09:17.369 --> 00:09:18.709 But the average guy 00:09:18.709 --> 00:09:19.599 Is standing there 00:09:19.599 --> 00:09:20.819 "Oh I'm A student 00:09:20.819 --> 00:09:22.649 I'm going to this all of myself 00:09:23.273 --> 00:09:24.213 And bunch of rugby players 00:09:24.213 --> 00:09:25.233 Run you over 00:09:25.233 --> 00:09:25.953 You go 00:09:26.080 --> 00:09:28.280 "Well they're not playing fair" 00:09:28.280 --> 00:09:30.280 Yeah what you're not playing stupid 00:09:30.280 --> 00:09:30.991 You should have a team 00:09:30.991 --> 00:09:31.641 You should have accountants 00:09:31.641 --> 00:09:33.761 attorneys bankers and all of that stuffs 00:09:33.761 --> 00:09:35.551 "But that's not the game I want to play" 00:09:35.551 --> 00:09:37.331 It is then don't play the game 00:09:37.331 --> 00:09:38.531 You know the game of business 00:09:38.531 --> 00:09:40.051 is played with accountants 00:09:40.051 --> 00:09:40.771 attorneys bankers 00:09:42.040 --> 00:09:43.970 Hate to say it Politicians 00:09:43.970 --> 00:09:46.160 You know you gotta to know the game 00:09:47.464 --> 00:09:49.114 Like I don't want to hustle 00:09:49.114 --> 00:09:50.090 I want to prosper 00:09:50.682 --> 00:09:51.912 I don't want to grind 00:09:52.288 --> 00:09:53.748 I want to create a machine 00:09:54.242 --> 00:09:55.442 that monetizes 00:09:55.442 --> 00:09:56.158 You know 00:09:56.158 --> 00:09:57.666 I'm not shameful of money 00:09:57.666 --> 00:09:58.586 I want money 00:09:58.586 --> 00:09:59.896 I want a lot of money 00:09:59.896 --> 00:10:01.446 I want to give money away 00:10:01.446 --> 00:10:03.096 I want to raise a lot of money 00:10:03.096 --> 00:10:04.716 You can't do that if you're broke