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How To Build WEALTH With Your Online Business In 2021 | Make Money Online LIVE Training

Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders

How To Build WEALTH With Your Online Business In 2021 | Make Money Online LIVE Training

How To Build WEALTH With Your Online Business In 2021 | Make Money Online LIVE Training

startTime durationTime text
00:00:00 00:00:03 let me ask you a quick question have you
00:00:01 00:00:04 ever seen people driving lamborghinis
00:00:03 00:00:06 wearing designer clothes traveling the
00:00:04 00:00:07 world for free
00:00:06 00:00:10 right and wondering how you can actually
00:00:07 00:00:10 do the same well in today's video what
00:00:10 00:00:12 i'm
00:00:10 00:00:14 showing you is how to actually create
00:00:12 00:00:15 wealth with your business whether you're
00:00:14 00:00:16 somebody that's just getting started
00:00:15 00:00:17 with business
00:00:16 00:00:19 somebody that is you know already having
00:00:17 00:00:20 an established business right
00:00:19 00:00:22 i've been fortunate enough over these
00:00:20 00:00:24 past 13 years to grow my net worth close
00:00:22 00:00:26 to the eight figure
00:00:24 00:00:28 level and some of these tactiks and
00:00:26 00:00:30 strategies that i'll be sharing with you
00:00:28 00:00:32 are going to be things that you are
00:00:30 00:00:33 never even heard of before
00:00:32 00:00:35 things and assets that can actually pay
00:00:33 00:00:36 for these kind of luxuries that you want
00:00:35 00:00:38 in your life
00:00:36 00:00:39 and i also want to invite you to a live
00:00:38 00:00:40 class that i'm actually going to be
00:00:39 00:00:43 hosting
00:00:40 00:00:46 going to all of this stuff in depth
00:00:51 00:00:54 all right guys so like i mentioned we
00:00:53 00:00:57 are planning on hosting a
00:00:54 00:00:58 wealth building financial literacy live
00:00:57 00:00:59 course i've been wanting to do this for
00:00:58 00:01:01 so long guys
00:00:59 00:01:02 this is a topic that over the past five
00:01:01 00:01:05 to six years
00:01:02 00:01:07 i've taken tremendously seriously and
00:01:05 00:01:07 i've been able to grow my net worth for
00:01:07 00:01:10 this reason
00:01:07 00:01:12 i've met some amazing people so much
00:01:10 00:01:13 smarter than me and i'm so excited to be
00:01:12 00:01:14 able to actually share with you guys
00:01:13 00:01:16 in today's video some of these
00:01:14 00:01:17 strategies that i've never learned from
00:01:16 00:01:18 before
00:01:17 00:01:20 guys i don't know about you but like in
00:01:18 00:01:21 school they don't teach us this sort of
00:01:20 00:01:23 stuff right and
00:01:21 00:01:24 these are the kind of things taxes
00:01:23 00:01:26 wealth building you know how to even
00:01:24 00:01:27 create generational wealth
00:01:26 00:01:29 right even if you are at a nine-to-five
00:01:27 00:01:30 job still because it's all possible it
00:01:29 00:01:31 doesn't matter
00:01:30 00:01:33 what level you're at these are the kind
00:01:31 00:01:34 of strategies that they should be
00:01:33 00:01:35 teaching us
00:01:34 00:01:37 in school and they're not you have to go
00:01:35 00:01:38 out there a lot of the stuff that i want
00:01:37 00:01:40 to go over and especially during this
00:01:38 00:01:42 live class that we're hosting
00:01:40 00:01:43 these are things guys you can't even
00:01:42 00:01:44 google this sort of stuff
00:01:43 00:01:47 right these are things that i've been
00:01:44 00:01:48 spending hours and hours on the phone
00:01:47 00:01:50 every single week with some of the
00:01:48 00:01:52 smartest people in the world on
00:01:50 00:01:53 what the wealthy do different right
00:01:52 00:01:54 because that's what i'm looking at i'm
00:01:53 00:01:56 always looking at the people that are
00:01:54 00:01:57 billionaires you know people that are
00:01:56 00:01:59 worth hundreds of millions of dollars
00:01:57 00:02:01 and what are they doing different guys
00:01:59 00:02:03 because most of them right believe it or
00:02:01 00:02:05 not they just know how to play the game
00:02:03 00:02:06 right they understand the tax code they
00:02:05 00:02:08 understand business structure
00:02:06 00:02:09 they understand wealth building and
00:02:08 00:02:11 things that again
00:02:09 00:02:13 aren't common knowledge to average
00:02:11 00:02:14 everyday people
00:02:13 00:02:15 and like i said that's what we're going
00:02:14 00:02:16 to be toking about today we're going to
00:02:15 00:02:17 be going over the whiteboard and as i
00:02:16 00:02:19 mentioned we are going to be having
00:02:17 00:02:21 a live class where we'll be going in
00:02:19 00:02:22 depth of all of this that link will be
00:02:21 00:02:23 down below in the description of this
00:02:22 00:02:25 video it's gonna be a live four week
00:02:23 00:02:27 class where i go over
00:02:25 00:02:29 all of this stuff super affordable for
00:02:27 00:02:30 all price ranges i want this information
00:02:29 00:02:32 that i've learned
00:02:30 00:02:34 in your hands as well but before we kind
00:02:32 00:02:35 of go over this uh over
00:02:34 00:02:38 on the whiteboard to kind of get into
00:02:35 00:02:38 this guys a quick legal disclaimer again
00:02:38 00:02:40 i am not
00:02:38 00:02:42 a licensed you know financial advisor at
00:02:40 00:02:44 all i can only share with you guys the
00:02:42 00:02:46 knowledge and resources
00:02:44 00:02:48 that help me kind of manage my money
00:02:46 00:02:51 right with you so please seek a
00:02:48 00:02:52 financial advisor or help from somebody
00:02:51 00:02:55 that is illegally allowed to give you
00:02:52 00:02:56 this advice this video is strictly for
00:02:55 00:02:58 entertainment purposes
00:02:56 00:02:59 but again let's get over to the shoulder
00:02:58 00:02:59 on the whiteboard start toking about
00:02:59 00:03:01 this stuff
00:02:59 00:03:02 alright so the first thing we need to
00:03:01 00:03:04 discuss is going to be the wealth
00:03:02 00:03:06 building triangle now this is something
00:03:04 00:03:07 that i've kind of developed for myself
00:03:06 00:03:08 to kind of
00:03:07 00:03:10 make sure that my money is being put in
00:03:08 00:03:12 kind of the right places
00:03:10 00:03:13 okay now make sure you watch this whole
00:03:12 00:03:14 entire video because all of these kind
00:03:13 00:03:16 of things
00:03:14 00:03:18 will start to make sense now there is a
00:03:16 00:03:19 lot more that goes into each of these
00:03:18 00:03:20 kind of columns that you're gonna we're
00:03:19 00:03:22 going over here
00:03:20 00:03:24 this is just a baseline even for those
00:03:22 00:03:26 of you that aren't maybe making you know
00:03:24 00:03:27 six seven high six seven figures already
00:03:26 00:03:28 now
00:03:27 00:03:30 i kind of break these up into three
00:03:28 00:03:31 categories all of my kind of assets if
00:03:30 00:03:33 so to speak
00:03:31 00:03:34 okay the first one is called security
00:03:33 00:03:37 security
00:03:34 00:03:39 to me is funds that you can readily have
00:03:37 00:03:40 access to right think about it as like
00:03:39 00:03:41 your 9-1-1 fund right i call this a
00:03:40 00:03:44 9-1-1 fund
00:03:41 00:03:45 now a 9-1-1 fund typically what you see
00:03:44 00:03:46 out there is called like an emergency
00:03:45 00:03:49 fund people say hey hold six
00:03:46 00:03:51 months of your you know salary or
00:03:49 00:03:52 expenses and a bank account don't do
00:03:51 00:03:54 anything with it
00:03:52 00:03:56 me personally again this just works for
00:03:54 00:03:57 me i don't really keep more than three
00:03:56 00:03:59 months in my 9-1-1 fund
00:03:57 00:04:00 and you're going to see why so so if
00:03:59 00:04:02 your expenses
00:04:00 00:04:04 you know are you know three thousand
00:04:02 00:04:06 dollars a month you should have a a a
00:04:04 00:04:07 savings account or a checking account
00:04:06 00:04:09 that has around you know nine thousand
00:04:07 00:04:12 ten thousand dollars in there in case
00:04:09 00:04:13 anything happens okay now again the
00:04:12 00:04:15 reason i only keep around
00:04:13 00:04:17 three months in there is because of all
00:04:15 00:04:18 of these other places that i can park my
00:04:17 00:04:19 money
00:04:18 00:04:21 and be able to pull it out when i need
00:04:19 00:04:23 it all right and this is where life
00:04:21 00:04:24 insurance comes in guys i cannot tell
00:04:23 00:04:26 you
00:04:24 00:04:28 the power of the way you can use life
00:04:26 00:04:30 insurance now there is a very specific
00:04:28 00:04:31 way to do life insurance guys you can't
00:04:30 00:04:33 just go out there and call
00:04:31 00:04:35 you know whoever gives love this is very
00:04:33 00:04:36 very specific the people that actually
00:04:35 00:04:38 do my life insurance policies and
00:04:36 00:04:39 structure it properly
00:04:38 00:04:41 are actually the same people that do it
00:04:39 00:04:43 for robert kiyosaki which is awesome
00:04:41 00:04:44 um now this life insurance policy you
00:04:43 00:04:45 might be wondering well
00:04:44 00:04:47 who cares i don't want to think about me
00:04:45 00:04:47 dying i don't want to do about those
00:04:47 00:04:49 things
00:04:47 00:04:51 i get it but the way these life
00:04:49 00:04:54 insurance policies are set up
00:04:51 00:04:54 is essentially you can be your own
00:04:54 00:04:56 banker
00:04:54 00:04:58 okay it's called a whole term life
00:04:56 00:04:59 insurance policy and there's a whole
00:04:58 00:05:01 bunch of different flavors out there
00:04:59 00:05:03 so be careful before you pull the
00:05:01 00:05:04 trigger on it very important to work
00:05:03 00:05:05 with somebody that understands the
00:05:04 00:05:07 strategy
00:05:05 00:05:09 but a whole term life insurance policy
00:05:07 00:05:10 allows you to contribute money to it
00:05:09 00:05:12 each and every single
00:05:10 00:05:13 month while at the same time that money
00:05:12 00:05:15 is compounded
00:05:13 00:05:17 compounding at a four percent interest
00:05:15 00:05:19 rate plus dividends
00:05:17 00:05:20 on a yearly basis so your money here is
00:05:19 00:05:23 being growing
00:05:20 00:05:24 as well and this is guaranteed as well
00:05:23 00:05:25 because it's not invested like in stok
00:05:24 00:05:26 markets or anything like that
00:05:25 00:05:27 essentially it's being invested in
00:05:26 00:05:29 insurance companies
00:05:27 00:05:31 and they're paying you four percent
00:05:29 00:05:32 guaranteed plus any sort of dividends
00:05:31 00:05:34 that you might get which is fantastik
00:05:32 00:05:35 right a lot better than this 911 fund if
00:05:34 00:05:37 you ask me
00:05:35 00:05:39 now here's the best part let's say you
00:05:37 00:05:41 put you know 20 grand 10 grand 5 grand
00:05:39 00:05:43 in this life insurance policy
00:05:41 00:05:44 right a little bit of course will go
00:05:43 00:05:46 towards that premium
00:05:44 00:05:48 but guess what you can then pull out out
00:05:46 00:05:50 of that 5k you can pull out
00:05:48 00:05:51 you know 4k or whatever it comes out to
00:05:50 00:05:53 and pull that money
00:05:51 00:05:55 and use it for anything else here and
00:05:53 00:05:58 then now here's the greatest part
00:05:55 00:05:59 you don't have to pay that 4k back right
00:05:58 00:06:01 and even the better part
00:05:59 00:06:03 is you're still compounding at but at
00:06:01 00:06:05 the 5000 right so you're still getting
00:06:03 00:06:07 five percent or four percent interest
00:06:05 00:06:09 rate plus dividends
00:06:07 00:06:10 on the 5 000 even though you just pulled
00:06:09 00:06:12 4k
00:06:10 00:06:14 right back out and there's a lot of
00:06:12 00:06:15 complex that goes into it this is why
00:06:14 00:06:16 i'm doing this live class guys
00:06:15 00:06:18 about life insurance because i can
00:06:16 00:06:20 literally tok about this for forever
00:06:18 00:06:22 this is one of the biggest wealth
00:06:20 00:06:23 builders for wealthy people this is what
00:06:22 00:06:25 and they have multiple of this
00:06:23 00:06:27 absolutely huge you can take this money
00:06:25 00:06:27 you can invest in real estate all that
00:06:27 00:06:29 and tax free
00:06:27 00:06:31 everything okay so this is gonna be a
00:06:29 00:06:32 big portion of our live class that's
00:06:31 00:06:34 happening
00:06:32 00:06:35 again there will be recordings provided
00:06:34 00:06:37 if you're watching this you know later
00:06:35 00:06:39 on yes if you purchase it down below you
00:06:37 00:06:39 can you'll get access immediately to the
00:06:39 00:06:42 recordings
00:06:39 00:06:43 as well this will be a two week uh uh uh
00:06:42 00:06:44 uh
00:06:43 00:06:46 two weeks of the class out of the four
00:06:44 00:06:47 toking about the swap building trial so
00:06:46 00:06:48 that's the first thing about life
00:06:47 00:06:49 insurance it's absolutely huge
00:06:48 00:06:52 this is what i personally consider my
00:06:49 00:06:53 savings account that's what i i i
00:06:52 00:06:55 at the end of the day this is what i
00:06:53 00:06:57 call my savings account okay
00:06:55 00:06:58 next thing is savings right so this is
00:06:57 00:06:59 savings this is money
00:06:58 00:07:01 kind you can break this up into kind of
00:06:59 00:07:02 like two one is your person all right
00:07:01 00:07:03 like a personal checking account
00:07:02 00:07:04 personal savings
00:07:03 00:07:06 essentially it's money that you're
00:07:04 00:07:07 paying off your credit card bills with
00:07:06 00:07:08 it's money that you're spending to go to
00:07:07 00:07:10 the movies it's you know money that
00:07:08 00:07:11 you're buying christmas presents with
00:07:10 00:07:13 right that's a personal savings account
00:07:11 00:07:14 usually you know this is just a little
00:07:13 00:07:16 bit a couple thousand or whatever
00:07:14 00:07:17 however much you use right whatever a
00:07:16 00:07:19 couple hundred bucks whatever it is
00:07:17 00:07:20 in here just so you can pay your credit
00:07:19 00:07:21 card bills off and all those kind of
00:07:20 00:07:24 things
00:07:21 00:07:25 right second is retirement another huge
00:07:24 00:07:28 huge topic here
00:07:25 00:07:30 right because retirement right there's
00:07:28 00:07:32 man there's so many cool things in here
00:07:30 00:07:34 guys it's crazy uh the things you learn
00:07:32 00:07:35 when you start toking with these
00:07:34 00:07:37 people that you know obsessed with this
00:07:35 00:07:37 stuff and different kinds of products
00:07:37 00:07:38 out there so
00:07:37 00:07:40 there's things out there you know if
00:07:38 00:07:41 you're a business owner you could you
00:07:40 00:07:43 could set up 401k plans
00:07:41 00:07:44 um that are fully tax deductible for
00:07:43 00:07:46 your business right this is something
00:07:44 00:07:48 that i do for my business
00:07:46 00:07:50 right sep iras right if you're a small
00:07:48 00:07:50 business owner taking a portion of that
00:07:50 00:07:52 money
00:07:50 00:07:54 because that creates a business expense
00:07:52 00:07:55 now right and you can also of course if
00:07:54 00:07:57 you already
00:07:55 00:07:59 uh work at a company that offers a 401k
00:07:57 00:08:00 plan right contributing it contributing
00:07:59 00:08:02 to that 401k plan
00:08:00 00:08:03 at the maximum now i know there's gonna
00:08:02 00:08:04 be some you there's so much better
00:08:03 00:08:05 places to park your money retirement
00:08:04 00:08:07 funds or
00:08:05 00:08:09 or 401ks with the strategies i'm going
00:08:07 00:08:10 to show you and the people i'm going to
00:08:09 00:08:11 introduce you to they're going to open
00:08:10 00:08:13 your mind
00:08:11 00:08:15 drastikally to help you're able to do a
00:08:13 00:08:18 deduct a lot of these expenses
00:08:15 00:08:19 on your business right absolutely huge
00:08:18 00:08:21 next is
00:08:19 00:08:22 growth okay now growth these are kind of
00:08:21 00:08:23 what i call
00:08:22 00:08:26 i don't want to call these like
00:08:23 00:08:26 speculative but these are more so growth
00:08:26 00:08:28 style
00:08:26 00:08:30 growth is more so where you're putting
00:08:28 00:08:32 your money in that is actively working
00:08:30 00:08:32 and getting better kind of rate of
00:08:32 00:08:35 return
00:08:32 00:08:36 than right here right now this money
00:08:35 00:08:39 typically
00:08:36 00:08:40 has a more longer uh approach to it
00:08:39 00:08:42 right like money
00:08:40 00:08:43 that i put into my growth funds like i'm
00:08:42 00:08:46 not touching that for like 10
00:08:43 00:08:47 15 20 years right this is this i'm not
00:08:46 00:08:49 touching any of this stuff
00:08:47 00:08:51 okay so things that i the assets that
00:08:49 00:08:53 you can kind of put in here are stoks
00:08:51 00:08:54 right high yield dividend paying stoks
00:08:53 00:08:56 i pay you on a monthly and quarterly
00:08:54 00:08:59 basis whether the stok goes up or down
00:08:56 00:09:01 right crypto another big portion of my
00:08:59 00:09:02 portfolio is going into crypto
00:09:01 00:09:04 and then real estate as well these are
00:09:02 00:09:05 kind of like the big three that i
00:09:04 00:09:06 consider there's obviously a lot of
00:09:05 00:09:08 other things that you could
00:09:06 00:09:10 put into growth depending on kind of
00:09:08 00:09:11 what kind of investor you want to be
00:09:10 00:09:12 a lot more opportunities start growing
00:09:11 00:09:14 for you once you're actually an
00:09:12 00:09:17 accredited investor
00:09:14 00:09:19 like investing in pre-ipo stoks
00:09:17 00:09:20 um and things like that but again these
00:09:19 00:09:22 are going to be topics that we
00:09:20 00:09:24 are going to be discussing on this live
00:09:22 00:09:25 class and i did want to mention one big
00:09:24 00:09:27 thing because i think
00:09:25 00:09:29 you know generational wealth creating
00:09:27 00:09:30 you know security for our family
00:09:29 00:09:32 is something that a lot of people you
00:09:30 00:09:33 know what let me know in the comments if
00:09:32 00:09:35 that's something that you want and
00:09:33 00:09:36 you know a lot of people you know maybe
00:09:35 00:09:39 won't have those you know millions to
00:09:36 00:09:40 hand down or whatever it is
00:09:39 00:09:42 and this is why this kind of kind of
00:09:40 00:09:44 portfolio that i've created for myself
00:09:42 00:09:46 will allow that right whether all of
00:09:44 00:09:47 this goes away or not and that's because
00:09:46 00:09:49 of that life insurance policy right
00:09:47 00:09:51 whether or not you're contributing a few
00:09:49 00:09:52 thousand a thousand bucks a month even a
00:09:51 00:09:55 couple hundred bucks a month in here
00:09:52 00:09:57 typically your death benefit on that
00:09:55 00:09:59 will be something that is then
00:09:57 00:10:00 you know handed down to your family uh
00:09:59 00:10:02 in case anything does occur
00:10:00 00:10:04 so the second thing that we're going to
00:10:02 00:10:06 be toking about is credit cards and
00:10:04 00:10:08 points guys if you've
00:10:06 00:10:10 seen people buying designer clothes or
00:10:08 00:10:11 even me you know i i like to splurge
00:10:10 00:10:12 occasionally when we
00:10:11 00:10:14 we have like different kinds of photo
00:10:12 00:10:16 shoots for our brands um we usually
00:10:14 00:10:18 splurge on some nice designer clothes we
00:10:16 00:10:19 might go to a nice mansion we might rent
00:10:18 00:10:21 a you know penthouse
00:10:19 00:10:23 we do fun things eat at the best places
00:10:21 00:10:24 stay at the nicest hotels
00:10:23 00:10:26 right and guys i'll be honest with you
00:10:24 00:10:28 if you actually think people are paying
00:10:26 00:10:29 for those things
00:10:28 00:10:31 you're not you haven't opened your mind
00:10:29 00:10:32 again i get it because most people don't
00:10:31 00:10:34 learn about this stuff
00:10:32 00:10:35 um without revealing all my personal
00:10:34 00:10:36 information you can see i literally have
00:10:35 00:10:38 a
00:10:36 00:10:40 ton of these gold cards right and the
00:10:38 00:10:41 platinum cards as well from american
00:10:40 00:10:42 express
00:10:41 00:10:43 and some of you might be like well why
00:10:42 00:10:45 do you have so many why do you have 10
00:10:43 00:10:47 cards pete like that's insane
00:10:45 00:10:49 what's the point well uh because it
00:10:47 00:10:52 literally gets me points no pun intended
00:10:49 00:10:53 so what how does this work well it
00:10:52 00:10:55 totally depends
00:10:53 00:10:58 on how your business is structured but
00:10:55 00:11:01 anybody that is currently you know using
00:10:58 00:11:01 you know a checking account or a debit
00:11:01 00:11:03 card
00:11:01 00:11:05 to pay for products that you would
00:11:03 00:11:06 you're missing out on right should be
00:11:05 00:11:08 using
00:11:06 00:11:10 very very good qualified credit cards to
00:11:08 00:11:11 generate these points even if you're
00:11:10 00:11:13 somebody that's working full time right
00:11:11 00:11:14 now there's no reason that you shouldn't
00:11:13 00:11:15 be using a credit card that is giving
00:11:14 00:11:16 you free money
00:11:15 00:11:18 you know there's not a lot of things
00:11:16 00:11:19 you'll come across in this life that
00:11:18 00:11:21 give you literally
00:11:19 00:11:22 free money it's just they're handing it
00:11:21 00:11:25 to you on a plate like
00:11:22 00:11:26 credit cards and making sure to leverage
00:11:25 00:11:28 those points properly
00:11:26 00:11:29 now there's a few different strategies
00:11:28 00:11:31 here that i use
00:11:29 00:11:33 me personally i'm more of an american
00:11:31 00:11:35 express person because
00:11:33 00:11:36 i love the points that get accumulated
00:11:35 00:11:38 for my business right
00:11:36 00:11:40 business right that i can use for
00:11:38 00:11:41 business expenses
00:11:40 00:11:43 however we're also going to be toking
00:11:41 00:11:44 about the personal credit cards as well
00:11:43 00:11:45 and the best personal credit cards to
00:11:44 00:11:47 use
00:11:45 00:11:50 because typically the american express
00:11:47 00:11:52 cards aren't really good for personal
00:11:50 00:11:53 use okay however there's a ton of good
00:11:52 00:11:55 credit cards out there that if you're
00:11:53 00:11:57 just you know working full-time
00:11:55 00:11:58 and you're you can't get some of these
00:11:57 00:11:59 business cards
00:11:58 00:12:01 that you're going to be able to take
00:11:59 00:12:02 advantage of to still get these points
00:12:01 00:12:03 so how do they work well there's a lot
00:12:02 00:12:04 of different rules for these points so
00:12:03 00:12:07 for example
00:12:04 00:12:10 you know just to use an example of a you
00:12:07 00:12:12 know a recent trip that we had here in
00:12:10 00:12:14 philadelphia right i was able to book
00:12:12 00:12:16 the penthouse
00:12:14 00:12:17 at the four seasons here in philadelphia
00:12:16 00:12:19 it's it's an absolutely beautiful
00:12:17 00:12:20 beautiful hotel one of probably the
00:12:19 00:12:22 nicest hotels i've ever stayed in and
00:12:20 00:12:23 being able to have that amazing view is
00:12:22 00:12:25 fantastik but i
00:12:23 00:12:27 was able to pay that bill because of my
00:12:25 00:12:28 credit card points so essentially every
00:12:27 00:12:31 dollar that you spend
00:12:28 00:12:33 right you gain a point right now these
00:12:31 00:12:34 points can be used to pay off your
00:12:33 00:12:36 credit card bill
00:12:34 00:12:37 or they can be redeemed for rewards now
00:12:36 00:12:39 when they're redeemed for rewards
00:12:37 00:12:39 there's different kinds of things out
00:12:39 00:12:41 there that will
00:12:39 00:12:43 get you more points so for example with
00:12:41 00:12:45 that trip i think that room
00:12:43 00:12:46 uh i know it's crazy guys i'm about to
00:12:45 00:12:48 say but that room i think cost about you
00:12:46 00:12:49 know five to six thousand dollars a
00:12:48 00:12:52 night from what i remember
00:12:49 00:12:54 which is kind of insane uh to think
00:12:52 00:12:56 about but it was totally worth it again
00:12:54 00:12:58 i didn't pay for any of that we used
00:12:56 00:12:59 points to do that and here's the amazing
00:12:58 00:13:00 part with american express and different
00:12:59 00:13:02 points out there
00:13:00 00:13:04 they'll reward you even more so with
00:13:02 00:13:06 those it'll give me
00:13:04 00:13:07 25 more points if i book that hotel room
00:13:06 00:13:09 from there
00:13:07 00:13:11 right so that even makes my points even
00:13:09 00:13:12 work more so for me to have those kind
00:13:11 00:13:13 of experiences
00:13:12 00:13:15 so these points can literally be used
00:13:13 00:13:16 for anything out there i love to use
00:13:15 00:13:19 them for trips and stuff because
00:13:16 00:13:20 i'm able to get 25 more points when i
00:13:19 00:13:24 book so thick hotels
00:13:20 00:13:26 air flights uh designer clothes
00:13:24 00:13:27 uh malls uh you know whatever you know
00:13:26 00:13:30 car rentals and so
00:13:27 00:13:31 in some cases right things like that
00:13:30 00:13:32 these points are great for
00:13:31 00:13:34 uh one of the nice things is these
00:13:32 00:13:35 credit card points can also be used to
00:13:34 00:13:37 fund your lifestyle
00:13:35 00:13:38 right so you know if you let's say you
00:13:37 00:13:41 have a credit card bill
00:13:38 00:13:42 um you can pay that off with your points
00:13:41 00:13:43 as well
00:13:42 00:13:44 okay now of course that needs to be
00:13:43 00:13:45 accumulating pretty fast but it's also a
00:13:44 00:13:47 great strategy
00:13:45 00:13:50 for you to literally have your
00:13:47 00:13:52 businesses paying for your lifestyle
00:13:50 00:13:53 with your credit card points again this
00:13:52 00:13:56 is stuff that people aren't teaching
00:13:53 00:13:57 teaching out in schools right where you
00:13:56 00:13:59 can actually set up your business in a
00:13:57 00:14:00 way where it pays for your entire
00:13:59 00:14:01 lifestyle
00:14:00 00:14:03 right and again these are advantages
00:14:01 00:14:05 that you get access to when you're an
00:14:03 00:14:07 actual business owner
00:14:05 00:14:09 which leads me to our final topic in our
00:14:07 00:14:11 four-week class and that's going to be
00:14:09 00:14:12 business structures and taxes
00:14:11 00:14:13 um you know i'm going to tell be honest
00:14:12 00:14:15 with you guys if you're not if you're
00:14:13 00:14:17 not a business owner
00:14:15 00:14:18 you're seriously missing out even if
00:14:17 00:14:20 you're somebody that's working full-time
00:14:18 00:14:23 you can easily set up a business
00:14:20 00:14:24 and have your company hire your business
00:14:23 00:14:25 as the client as opposed to you and
00:14:24 00:14:26 that's the things that we're going to be
00:14:25 00:14:29 toking about in the class
00:14:26 00:14:31 but you do not want you don't want to be
00:14:29 00:14:33 getting paid directly from a
00:14:31 00:14:34 from an employer you want your employer
00:14:33 00:14:35 to pay your business
00:14:34 00:14:38 because then you can rack up them
00:14:35 00:14:40 expenses right and the way you structure
00:14:38 00:14:43 these businesses are absolutely key
00:14:40 00:14:44 so for example let's say you have one
00:14:43 00:14:46 business right here right
00:14:44 00:14:47 you want to make sure you set up this
00:14:46 00:14:48 business because this business has its
00:14:47 00:14:50 own
00:14:48 00:14:52 you know ein it has its own you know
00:14:50 00:14:54 bank account information its own credit
00:14:52 00:14:56 cards all that stuff right and it's all
00:14:54 00:14:56 accumulating expenses and you can
00:14:56 00:14:58 expense it
00:14:56 00:15:00 right you don't have to pay yourself
00:14:58 00:15:02 first right so you get
00:15:00 00:15:03 this money the salary this is called the
00:15:02 00:15:05 salary and distribution
00:15:03 00:15:07 uh that you get from your business right
00:15:05 00:15:08 so they pay you a salary you know 50k a
00:15:07 00:15:10 year
00:15:08 00:15:12 plus you know distributions maybe
00:15:10 00:15:13 another you know 50k whatever it is
00:15:12 00:15:14 again
00:15:13 00:15:16 my accounts will help you figure that
00:15:14 00:15:18 out for yourself um so that's salary
00:15:16 00:15:20 distribution now this money
00:15:18 00:15:22 remember the wealth pyramid remember
00:15:20 00:15:24 that
00:15:22 00:15:25 90 should be going to that almost if not
00:15:24 00:15:26 more
00:15:25 00:15:27 depending on how you structure your
00:15:26 00:15:28 business with your accounts but ninety
00:15:27 00:15:30 percent of
00:15:28 00:15:32 of your salary and distributions you
00:15:30 00:15:33 should be putting towards your wealth
00:15:32 00:15:34 triangle because
00:15:33 00:15:36 these are things that you're taking this
00:15:34 00:15:37 money that you're making which is
00:15:36 00:15:38 already being taxed once your business
00:15:37 00:15:40 is paying you
00:15:38 00:15:42 and putting it into putting it right
00:15:40 00:15:44 back into the into the different kinds
00:15:42 00:15:46 of funds that we were toking about
00:15:44 00:15:47 that are now compounding and making you
00:15:46 00:15:49 money okay
00:15:47 00:15:50 this is the problem most of most of you
00:15:49 00:15:52 all right and again i get it because
00:15:50 00:15:52 most of us aren't conditioned or taught
00:15:52 00:15:54 this from a young
00:15:52 00:15:55 age and this is why i'm actually
00:15:54 00:15:56 creating this video is because like
00:15:55 00:15:58 literally
00:15:56 00:15:59 this is something so important to me
00:15:58 00:16:01 like i wish i could have taken
00:15:59 00:16:02 shown like i wish somebody told me this
00:16:01 00:16:03 stuff when i was first starting a
00:16:02 00:16:04 business do you understand how long i
00:16:03 00:16:05 ran a business
00:16:04 00:16:07 right literally for like four years i
00:16:05 00:16:09 ran a business just on myself not even
00:16:07 00:16:11 setting up an llc and that's like the
00:16:09 00:16:14 worst mistake i literally had a 50 000
00:16:11 00:16:16 uh tax bill um which was literally like
00:16:14 00:16:17 when you get that kind of bill from from
00:16:16 00:16:20 the irs it's scary
00:16:17 00:16:21 right um so you want to make sure things
00:16:20 00:16:23 like this are
00:16:21 00:16:25 set up properly okay and your money's
00:16:23 00:16:27 being invested do not go
00:16:25 00:16:28 and buy dumb stuff all right like i'm
00:16:27 00:16:30 telling you like your
00:16:28 00:16:32 your future self is not thank you if
00:16:30 00:16:32 you're looking at these influencers out
00:16:32 00:16:33 there
00:16:32 00:16:35 that are spending a ton of money they
00:16:33 00:16:36 have the lamborghinis they have the
00:16:35 00:16:38 designer
00:16:36 00:16:39 clothes they're not doing it with this
00:16:38 00:16:41 guys
00:16:39 00:16:42 like they're not doing it with their
00:16:41 00:16:43 salary that they're paying for
00:16:42 00:16:46 they're not putting that because this
00:16:43 00:16:47 has to pay with income tax and you have
00:16:46 00:16:48 a payroll tax you have
00:16:47 00:16:50 dude they're not doing that what they're
00:16:48 00:16:52 doing is just like what i showed you
00:16:50 00:16:54 right they're using the lamborghini as
00:16:52 00:16:55 an asset for their business for you know
00:16:54 00:16:57 let's say if we wanted to buy a
00:16:55 00:16:58 lamborghini for this channel we could do
00:16:57 00:17:00 that with the business
00:16:58 00:17:02 and we can say it's an asset because
00:17:00 00:17:02 it's xyz ads start doing better all this
00:17:02 00:17:04 stuff
00:17:02 00:17:06 right like that's that's how they're
00:17:04 00:17:07 doing it right you can do the same exact
00:17:06 00:17:08 thing for you
00:17:07 00:17:10 as long as it makes sense right like as
00:17:08 00:17:11 long as other people in your market are
00:17:10 00:17:13 leveraging you know
00:17:11 00:17:14 cars or mansions and whatever that is
00:17:13 00:17:16 that you do right
00:17:14 00:17:18 so again you want to make sure you have
00:17:16 00:17:19 a business set up that has its own
00:17:18 00:17:20 business bank accounts and stuff like
00:17:19 00:17:21 that now typically as your business
00:17:20 00:17:23 evolves you'll
00:17:21 00:17:25 you want to open up multiple businesses
00:17:23 00:17:26 and you want to essentially have a
00:17:25 00:17:28 holding company
00:17:26 00:17:30 right holding company right here which
00:17:28 00:17:32 is business number one
00:17:30 00:17:33 holding multiple businesses right now
00:17:32 00:17:34 why do you want to do that well because
00:17:33 00:17:35 you want to
00:17:34 00:17:37 you want your salary distribution
00:17:35 00:17:38 essentially to be a management fee that
00:17:37 00:17:40 you're charging
00:17:38 00:17:41 business number one right and all of
00:17:40 00:17:44 these businesses right here
00:17:41 00:17:45 right they can kind of you know they can
00:17:44 00:17:46 loan each other money and things like
00:17:45 00:17:46 that we're not going to get into that
00:17:46 00:17:48 right now
00:17:46 00:17:49 but essentially all of these businesses
00:17:48 00:17:51 right here kind of like accruing
00:17:49 00:17:53 different kinds of expenses
00:17:51 00:17:54 amongst themselves right you know paying
00:17:53 00:17:57 for things that it needs ads right
00:17:54 00:17:59 and that's what generating you points
00:17:57 00:17:59 this whole thing is generating you
00:17:59 00:18:01 points
00:17:59 00:18:03 which you can also then use for yourself
00:18:01 00:18:04 to pay off whatever it is have nice
00:18:03 00:18:06 trips buy yourself that
00:18:04 00:18:07 you know watch or whatever it is that
00:18:06 00:18:09 that you want you can you leverage
00:18:07 00:18:11 business your assets that your business
00:18:09 00:18:12 is creating for yourself if that's what
00:18:11 00:18:13 you want to do
00:18:12 00:18:15 okay now there's a lot that goes into
00:18:13 00:18:16 business structures and taxes throughout
00:18:15 00:18:18 this entire training that i'm
00:18:16 00:18:19 doing again it's super full affordable
00:18:18 00:18:21 to everybody you're getting all my
00:18:19 00:18:22 contacts here which is absolutely
00:18:21 00:18:24 critikal
00:18:22 00:18:26 you need to work with smart people to
00:18:24 00:18:27 get this kind of stuff and putting
00:18:26 00:18:29 it put in properly and that's what i've
00:18:27 00:18:31 been working on literally
00:18:29 00:18:32 day and night for the past five years
00:18:31 00:18:35 because for me
00:18:32 00:18:37 you know i want to be able to
00:18:35 00:18:38 i want to be able to guys like and again
00:18:37 00:18:41 like one of my big goals is
00:18:38 00:18:42 you know even though now like
00:18:41 00:18:44 essentially stop
00:18:42 00:18:45 working like i would go crazy like i
00:18:44 00:18:48 love what i do but
00:18:45 00:18:49 you know i get more fulfillment now of
00:18:48 00:18:51 learning this kind of stuff
00:18:49 00:18:52 right like learning this kind of
00:18:51 00:18:55 implementing this kind of stuff
00:18:52 00:18:56 and seeing like the magic of a compound
00:18:55 00:18:58 interest at work and and
00:18:56 00:18:59 i want you to have that excitement too
00:18:58 00:19:01 because to me
00:18:59 00:19:03 you know when i see somebody with with
00:19:01 00:19:05 nice cars nice this nice that
00:19:03 00:19:06 like yes it's easy for a lot of people
00:19:05 00:19:08 to be like
00:19:06 00:19:10 jealous of that kind of stuff and like
00:19:08 00:19:11 envious but you're not seeing that
00:19:10 00:19:12 behind the scenes yet you can actually
00:19:11 00:19:14 do that stuff too
00:19:12 00:19:15 you're just set you've just set up your
00:19:14 00:19:17 life in a way that isn't going to allow
00:19:15 00:19:18 you to ever get there
00:19:17 00:19:20 and i'm telling you this as a cold hard
00:19:18 00:19:22 truth you're not unless you're you know
00:19:20 00:19:23 in working in finance or whatever where
00:19:22 00:19:25 you're making
00:19:23 00:19:27 tons of money if you are don't have your
00:19:25 00:19:29 business set up in a proper way
00:19:27 00:19:30 right or a business owner or have an llc
00:19:29 00:19:31 things like that like
00:19:30 00:19:33 it's going to be very difficult for you
00:19:31 00:19:34 to have those kind of luxuries in life
00:19:33 00:19:36 because you're not
00:19:34 00:19:37 creating assets right and a business
00:19:36 00:19:38 allows you to create all these different
00:19:37 00:19:39 kinds of assets
00:19:38 00:19:41 invest those assets and then having
00:19:39 00:19:42 those assets create your passive income
00:19:41 00:19:43 okay
00:19:42 00:19:45 so what we're going to be doing is i'm
00:19:43 00:19:46 going to be hosting a four week live
00:19:45 00:19:48 class
00:19:46 00:19:50 okay now if you're watching this later
00:19:48 00:19:51 past this date january 11th which is
00:19:50 00:19:53 going to be the first
00:19:51 00:19:54 day this class is aired um live in the
00:19:53 00:19:55 zoomer you guys can ask me questions
00:19:54 00:19:56 anything like that we're going to be
00:19:55 00:19:57 going over
00:19:56 00:19:59 everything that we just did in much more
00:19:57 00:20:01 in depth giving you all my contacts
00:19:59 00:20:03 not a problem the link down below if you
00:20:01 00:20:05 purchase you'll also get the recordings
00:20:03 00:20:07 as well so you can start accessing this
00:20:05 00:20:09 information immediately
00:20:07 00:20:11 guys this is something i've been wanting
00:20:09 00:20:14 to do for so long because i
00:20:11 00:20:15 know how much many of you like aren't
00:20:14 00:20:17 setting up your kind of
00:20:15 00:20:18 affairs properly now i'm not going to
00:20:17 00:20:21 tell you i'm like the
00:20:18 00:20:23 the go-to expert in this space i'm not
00:20:21 00:20:26 i'm not but i've seen my net worth
00:20:23 00:20:26 drastikally jump in the last five to six
00:20:26 00:20:29 years
00:20:26 00:20:31 like never before and it's because i set
00:20:29 00:20:32 things up properly
00:20:31 00:20:34 where most people aren't right most
00:20:32 00:20:36 people aren't setting up their affairs
00:20:34 00:20:37 properly and that's what i want to give
00:20:36 00:20:38 you guys right i want to help you guys
00:20:37 00:20:40 introduce you to the people
00:20:38 00:20:42 that have helped me accomplish these
00:20:40 00:20:43 kind of things over the last few years
00:20:42 00:20:46 and i'll give those contacts to you as
00:20:43 00:20:47 well and going over how i'm investing
00:20:46 00:20:50 all of my different kinds of assets for
00:20:47 00:20:51 my businesses and creating that passive
00:20:50 00:20:53 income and generational
00:20:51 00:20:55 wealth and really making sure that you
00:20:53 00:20:56 guys are also financially
00:20:55 00:20:58 literate because at the end of the day
00:20:56 00:21:00 guys it's one thing
00:20:58 00:21:01 to you know go take that money and spend
00:21:00 00:21:03 it on something stupid
00:21:01 00:21:05 but then also seeing that money flourish
00:21:03 00:21:05 right create your income that you can
00:21:05 00:21:07 then pull
00:21:05 00:21:09 out and then buy that thing for yourself
00:21:07 00:21:09 so if you're interested in attending
00:21:09 00:21:11 this
00:21:09 00:21:12 four week live class check the
00:21:11 00:21:14 description of today's video there will
00:21:12 00:21:15 be a link again if you're watching this
00:21:14 00:21:17 after january 11th you could still
00:21:15 00:21:18 purchase the recordings we'll have them
00:21:17 00:21:19 on our website as well
00:21:18 00:21:22 as this is a topic that i think
00:21:19 00:21:24 everybody in e-commerce especially
00:21:22 00:21:26 needs to understand any online business
00:21:24 00:21:27 owner needs to understand how to become
00:21:26 00:21:29 financially literate
00:21:27 00:21:30 and making your money actually worked
00:21:29 00:21:32 for you again that link will be down
00:21:30 00:21:34 below in the description of today's
00:21:32 00:21:35 video but guys if you enjoyed this
00:21:34 00:21:37 today's video let me know
00:21:35 00:21:38 these are topics i love toking about
00:21:37 00:21:39 and i would love to put more content
00:21:38 00:21:41 like this out on the channel
00:21:39 00:21:43 i just don't know if you guys actually
00:21:41 00:21:43 want to hear about this stuff right i
00:21:43 00:21:45 know this
00:21:43 00:21:46 kind of stuff can be kind of dry and a
00:21:45 00:21:49 little bit more boring
00:21:46 00:21:50 than kind of like other topics out there
00:21:49 00:21:52 but like at the end of the day like
00:21:50 00:21:53 guys like for me like one of my big
00:21:52 00:21:55 purposes with this channel is to give
00:21:53 00:21:57 you guys the education to actually
00:21:55 00:21:58 implement this stuff to to create wealth
00:21:57 00:21:59 for yourself right not just continue to
00:21:58 00:22:00 spin your wheels
00:21:59 00:22:02 alright so if you enjoyed the stuff
00:22:00 00:22:02 please consider smashing that like
00:22:02 00:22:04 button
00:22:02 00:22:05 it lets us know that you actually want
00:22:04 00:22:06 this stuff that you want this kind of
00:22:05 00:22:08 content
00:22:06 00:22:09 drop me a comment down below on today's
00:22:08 00:22:10 video as well let me know maybe
00:22:09 00:22:11 something that you learned something
00:22:10 00:22:12 that you're going to implement
00:22:11 00:22:15 right because these are the kind of
00:22:12 00:22:15 things that let us know hey do you want
00:22:15 00:22:17 this stuff
00:22:15 00:22:18 do you want this kind of content okay so
00:22:17 00:22:20 let me know what kind of stuff do you
00:22:18 00:22:21 want to learn more about in the comments
00:22:20 00:22:23 if you enjoyed today's video
00:22:21 00:22:24 make sure to smash that like button as
00:22:23 00:22:25 well but guys as always have fantastik
00:22:24 00:22:32 rest of your day
00:22:25 00:22:32 and remember your empire starts now

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