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I stopped saving money. Here's why

Published on: December 4 2022 by Hayden Bowles

I stopped saving money. Here's why

I stopped saving money. Here's why

startTime durationTime text
00:00:00 00:00:03 you know every once in a while you kind
00:00:01 00:00:04 of have an epiphany something that just
00:00:03 00:00:06 kind of
00:00:04 00:00:07 shatters everything you've previously
00:00:06 00:00:09 known about a certain subject
00:00:07 00:00:11 or something in partikular and i truly
00:00:09 00:00:13 hope that that is what this video will
00:00:11 00:00:14 be that's my goal for you
00:00:13 00:00:16 if this is not something you're already
00:00:14 00:00:18 doing or at least thinking about
00:00:16 00:00:20 this cash it's actually all the cash i
00:00:18 00:00:22 had my wallet 115
00:00:20 00:00:23 i want to explain exactly why i really
00:00:22 00:00:26 don't save
00:00:23 00:00:27 money anymore in terms of trying to grow
00:00:26 00:00:29 my bank account
00:00:27 00:00:32 if that sounds very counterproductive
00:00:29 00:00:32 right but let me explain
00:00:39 00:00:43 so about two maybe two and a half years
00:00:41 00:00:44 ago when i had been making good money
00:00:43 00:00:45 for the last couple years my income was
00:00:44 00:00:47 starting to grow
00:00:45 00:00:49 i had started to work on some basic
00:00:47 00:00:51 things like filing taxes better
00:00:49 00:00:53 changing my legal tax structure for my
00:00:51 00:00:55 business and setting up a retirement
00:00:53 00:00:57 account some you know more adult style
00:00:55 00:00:59 things that was very new to me
00:00:57 00:01:01 i started realizing it didn't make a lot
00:00:59 00:01:02 of sense for me to have a bunch of money
00:01:01 00:01:04 sitting in my bank account and the
00:01:02 00:01:05 reasons why are actually very different
00:01:04 00:01:07 than most people who
00:01:05 00:01:08 tok about stuff like dave rams or this
00:01:07 00:01:10 and that it wasn't because and we're
00:01:08 00:01:11 going to tok about this how your money
00:01:10 00:01:12 loses value and the other places you can
00:01:11 00:01:14 put it
00:01:12 00:01:15 but having money in the bank actually
00:01:14 00:01:16 caused me to make
00:01:15 00:01:18 less money and i'm going to explain that
00:01:16 00:01:20 and exactly how it impacts
00:01:18 00:01:22 myself i know a few of my friends kind
00:01:20 00:01:23 of suffer from this as well because
00:01:22 00:01:25 it is something that can be very
00:01:23 00:01:26 negatively impactful so
00:01:25 00:01:28 we're going to tok about that if you're
00:01:26 00:01:29 excited for the video make sure to smash
00:01:28 00:01:30 a quick like i'm super excited to bring
00:01:29 00:01:31 this to you because
00:01:30 00:01:33 i like toking about financial stuff you
00:01:31 00:01:34 know and obviously this is not going to
00:01:33 00:01:35 come off as bragging i hope that's not
00:01:34 00:01:37 the case
00:01:35 00:01:38 i just want to tok about what i do with
00:01:37 00:01:40 the money that i earn and this is
00:01:38 00:01:41 applicable for anyone whether you make
00:01:40 00:01:43 two thousand dollars a month
00:01:41 00:01:45 twenty thousand or two million dollars a
00:01:43 00:01:47 month i've been able to see both ends of
00:01:45 00:01:48 the spectrum in terms of what people
00:01:47 00:01:49 invest in
00:01:48 00:01:50 i have friends that have all their money
00:01:49 00:01:52 sitting in cash and they just love to
00:01:50 00:01:53 save save save
00:01:52 00:01:54 i also have friends who make a ton of
00:01:53 00:01:56 money and they just blow through it i
00:01:54 00:01:58 mean we're toking designer goods
00:01:56 00:01:59 brand new cars from the dealership
00:01:58 00:02:01 paying sales tax
00:01:59 00:02:02 the whole nine yards so i've been able
00:02:01 00:02:04 to see both of that and i think i've
00:02:02 00:02:05 identified a good place that i want to
00:02:04 00:02:06 stay
00:02:05 00:02:08 so let's jump inside of my computer
00:02:06 00:02:10 we're going to tok about this
00:02:08 00:02:11 here's why i basically stopped saving
00:02:10 00:02:14 money like i literally have not added
00:02:11 00:02:17 money to my savings account in my bank
00:02:14 00:02:20 in quite some time here's why okay cash
00:02:17 00:02:21 lying around usually gets spent this is
00:02:20 00:02:22 where we tok about that kind of
00:02:21 00:02:24 suffering
00:02:22 00:02:26 piece where i actually started making
00:02:24 00:02:29 less money and i was spending more
00:02:26 00:02:31 so this has been very true for me if the
00:02:29 00:02:33 money isn't in your bank account
00:02:31 00:02:34 then it can't be spent right if you
00:02:33 00:02:36 don't have the the
00:02:34 00:02:37 thirty thousand dollars sitting around
00:02:36 00:02:38 you're not going to be thinking about
00:02:37 00:02:40 that car you want
00:02:38 00:02:42 or the thing over here or the new gucci
00:02:40 00:02:42 because if you don't have the money
00:02:42 00:02:44 there
00:02:42 00:02:46 it's not accessible right so that's why
00:02:44 00:02:47 i like to get rid of the money now when
00:02:46 00:02:48 i say get rid of the money
00:02:47 00:02:51 people take that in one of two
00:02:48 00:02:52 directions either invest in it which is
00:02:51 00:02:53 what we're going to tok about we're
00:02:52 00:02:54 toking about the different things
00:02:53 00:02:55 or just spending it they're like why
00:02:54 00:02:56 would you want to get rid of your money
00:02:55 00:02:57 why would you spend it like it doesn't
00:02:56 00:02:59 make any sense
00:02:57 00:03:00 so let me break this down but before we
00:02:59 00:03:02 get into the specifics of
00:03:00 00:03:05 what i do with that money i want to tok
00:03:02 00:03:06 about how much is okay to have
00:03:05 00:03:08 this is just based on my own personal
00:03:06 00:03:09 experience what i do what i practike
00:03:08 00:03:10 everybody's different based on your
00:03:09 00:03:12 income
00:03:10 00:03:14 what you need in terms of cash reserves
00:03:12 00:03:14 everything like that so here's my
00:03:14 00:03:16 situation
00:03:14 00:03:19 okay and again every person is different
00:03:16 00:03:20 i personally have a six-month emergency
00:03:19 00:03:23 fund for myself
00:03:20 00:03:23 based on all of my expenses okay
00:03:23 00:03:26 eventually
00:03:23 00:03:28 this will be a 10-year emergency fund
00:03:26 00:03:28 i'm someone who loves to consume i'm not
00:03:28 00:03:31 a very like
00:03:28 00:03:32 uh visual learner in terms of reading a
00:03:31 00:03:34 book
00:03:32 00:03:35 like books are probably the furthest
00:03:34 00:03:37 thing away from how i learn i still try
00:03:35 00:03:39 to read so i love buying courses
00:03:37 00:03:41 i love listening to podcasts and
00:03:39 00:03:42 audiobooks on a 2x speed
00:03:41 00:03:44 and it's just something where that's how
00:03:42 00:03:45 i learn so i've gone through everything
00:03:44 00:03:47 from freaking this person's course dave
00:03:45 00:03:48 ramsey's different programs
00:03:47 00:03:50 i've really tried to sing from like
00:03:48 00:03:51 crazy entrepreneurs or just like you
00:03:50 00:03:52 know take all the risk investing
00:03:51 00:03:53 yourself
00:03:52 00:03:56 all the way through dave ramsey where
00:03:53 00:03:56 it's like conservative no debt you know
00:03:56 00:03:58 like just just
00:03:56 00:03:59 save money keep it in cash retirement
00:03:58 00:04:00 accounts i've been able to experience
00:03:59 00:04:02 that
00:04:00 00:04:04 and for me i've found the perfect spot
00:04:02 00:04:06 for me in terms of having money
00:04:04 00:04:07 is i have a six month fully funded
00:04:06 00:04:08 emergency fund this is actually
00:04:07 00:04:10 something that dave ramsey
00:04:08 00:04:11 recommends some people have a one month
00:04:10 00:04:14 a three month to sixth
00:04:11 00:04:16 i wanted a six just because i'm
00:04:14 00:04:17 self-employed now i'm very confident in
00:04:16 00:04:18 the businesses that i have
00:04:17 00:04:20 you know the income streams are
00:04:18 00:04:20 diversified enough to where i think it
00:04:20 00:04:22 would be
00:04:20 00:04:23 very difficult i don't want to say
00:04:22 00:04:24 impossible but very difficult for those
00:04:23 00:04:26 to just disappear
00:04:24 00:04:29 right so now i want to make this clear
00:04:26 00:04:31 my six month personal emergency fund is
00:04:29 00:04:33 not inside my personal checking account
00:04:31 00:04:35 that is a separate account that does not
00:04:33 00:04:36 get touched my personal expenses i'm
00:04:35 00:04:37 always open and transparent here on the
00:04:36 00:04:39 channel
00:04:37 00:04:41 is anywhere from 10 to 15 000 a month
00:04:39 00:04:42 and my emergency fund reflects that
00:04:41 00:04:44 that is the bulk of the money that i
00:04:42 00:04:46 have in cash personally i don't really
00:04:44 00:04:47 need anything else because that makes me
00:04:46 00:04:48 very comfortable
00:04:47 00:04:50 on to the point of this eventually this
00:04:48 00:04:52 will be a 10-year one day i would love
00:04:50 00:04:53 to have 10 years worth of personal
00:04:52 00:04:55 expenses just sitting in cash
00:04:53 00:04:56 doesn't make sense for me to do that
00:04:55 00:04:58 right now but that would be really cool
00:04:56 00:04:59 it would just make me so so comfortable
00:04:58 00:05:00 and i feel like it might change a little
00:04:59 00:05:02 bit
00:05:00 00:05:03 my approach to business just not having
00:05:02 00:05:04 to worry about making a little bit of
00:05:03 00:05:06 money right now
00:05:04 00:05:07 i'm already kind of past that which is
00:05:06 00:05:08 great just because there's money sitting
00:05:07 00:05:09 in
00:05:08 00:05:11 cash reserves and income streams that
00:05:09 00:05:12 can't really be disrupted but i think
00:05:11 00:05:13 having that there would be super great
00:05:12 00:05:14 um
00:05:13 00:05:17 just for myself now for an investing
00:05:14 00:05:19 perspective i don't put my future
00:05:17 00:05:20 investment money into mutual funds or
00:05:19 00:05:21 index funds
00:05:20 00:05:23 like some do so for an example a lot of
00:05:21 00:05:24 people teach oh if you're saving up for
00:05:23 00:05:25 a rental property
00:05:24 00:05:26 just keep adding the money that you're
00:05:25 00:05:28 saving into a mutual fund because it's
00:05:26 00:05:29 very slow it might go up a little bit
00:05:28 00:05:30 might go down a little bit
00:05:29 00:05:32 look it's not like it's probably going
00:05:30 00:05:32 to go up a little bit in the one year
00:05:32 00:05:34 and it's going to really make a
00:05:32 00:05:36 difference but you're also risking that
00:05:34 00:05:36 slight down and only go down a few
00:05:36 00:05:38 percent but it's like
00:05:36 00:05:40 for me it's just not worth it and never
00:05:38 00:05:42 takes me yet very long to save up for
00:05:40 00:05:44 something i haven't bought something
00:05:42 00:05:46 extravagantly huge there's not been a
00:05:44 00:05:47 crazy six million dollar apartment
00:05:46 00:05:49 building or something wild where i need
00:05:47 00:05:50 to come up with a big down payment
00:05:49 00:05:52 love for that to happen i would love to
00:05:50 00:05:53 purchase something like that but for
00:05:52 00:05:55 right now
00:05:53 00:05:56 um all my stuff doesn't get held that
00:05:55 00:05:58 long you know it's like okay let me save
00:05:56 00:05:59 up for a new property or
00:05:58 00:06:01 i want to put a couple hundred thousand
00:05:59 00:06:02 dollars into the stok market like just
00:06:01 00:06:04 for my situation
00:06:02 00:06:05 that hasn't taken that long so i haven't
00:06:04 00:06:06 gone through the extra step and spent
00:06:05 00:06:07 the time to learn
00:06:06 00:06:08 and open these different accounts just
00:06:07 00:06:10 to put money for a few months it just
00:06:08 00:06:11 seems like a hassle for me that's not
00:06:10 00:06:13 really worth it now
00:06:11 00:06:15 from a business perspective this is
00:06:13 00:06:16 completely separate okay this this has
00:06:15 00:06:18 nothing to do with my personal self
00:06:16 00:06:19 this is how i operate my companies and
00:06:18 00:06:21 those are two completely different
00:06:19 00:06:23 things i'm a frugal person i'm a frugal
00:06:21 00:06:24 individual i don't like spending money
00:06:23 00:06:26 on unnecessary stuff
00:06:24 00:06:27 yet some people might think i'm
00:06:26 00:06:28 ridiculous when i go to an airbnb for
00:06:27 00:06:30 two weeks and i spend three thousand
00:06:28 00:06:31 dollars before i even go to order my
00:06:30 00:06:33 office set up just to
00:06:31 00:06:35 get to that airbnb and then end up
00:06:33 00:06:37 leaving it because i need a specific
00:06:35 00:06:39 place to work and i want my stuff my
00:06:37 00:06:41 same type of desk my same type of chair
00:06:39 00:06:42 people think i'm psycho for that but
00:06:41 00:06:44 that's my work environment that's
00:06:42 00:06:45 business related just like how
00:06:44 00:06:46 i will spend any amount of money
00:06:45 00:06:48 necessary on business training for
00:06:46 00:06:50 myself my employees
00:06:48 00:06:51 contractors anything needed i will spend
00:06:50 00:06:53 money on that because i get
00:06:51 00:06:55 completely separate so i have a totally
00:06:53 00:06:57 different approach with business
00:06:55 00:06:58 so my companies need to have capital for
00:06:57 00:07:00 cash flow reasons
00:06:58 00:07:01 i always want because anything can
00:07:00 00:07:03 happen payment processors could have
00:07:01 00:07:04 some sort of lock-up issue
00:07:03 00:07:06 i need at least three months reserve so
00:07:04 00:07:07 this is how i operate my companies it's
00:07:06 00:07:09 different for each one
00:07:07 00:07:10 the e-commerce companies are a very
00:07:09 00:07:11 strong three months because they're cash
00:07:10 00:07:13 intense
00:07:11 00:07:15 so for example sometimes inside my
00:07:13 00:07:16 e-commerce companies we'll spend upwards
00:07:15 00:07:17 of a million
00:07:16 00:07:19 dollars in a month that's kind of like
00:07:17 00:07:20 been the peak so far
00:07:19 00:07:22 and it fluctuates based on what we're
00:07:20 00:07:24 doing the advertising platforms
00:07:22 00:07:26 things like that so i need a cash
00:07:24 00:07:27 reserve that supports that
00:07:26 00:07:28 i need something that would make me
00:07:27 00:07:30 comfortable not have to worry about
00:07:28 00:07:31 making sure cash flow's coming in
00:07:30 00:07:32 you know just a little bit of
00:07:31 00:07:33 comfortability which will allow us to
00:07:32 00:07:34 just
00:07:33 00:07:36 think a little more freely not be
00:07:34 00:07:38 worried not be stressed so i have that
00:07:36 00:07:39 set aside it's been slowly set aside out
00:07:38 00:07:41 of the businesses profits
00:07:39 00:07:42 and that's just sitting there equivalent
00:07:41 00:07:45 to a couple months worth
00:07:42 00:07:46 for each of the companies okay so that's
00:07:45 00:07:48 the thing because if not
00:07:46 00:07:50 it negatively impacts my business
00:07:48 00:07:51 spending decisions if there's not enough
00:07:50 00:07:53 money sitting there
00:07:51 00:07:54 i'll say you know we probably don't need
00:07:53 00:07:56 to pay this influencer six thousand
00:07:54 00:07:58 dollars for a promotion you know
00:07:56 00:07:59 we're doing well as soon as you think
00:07:58 00:08:01 like that
00:07:59 00:08:02 growth stops you know and i've fallen
00:08:01 00:08:02 into these things all the time like you
00:08:02 00:08:04 know i'm
00:08:02 00:08:05 i don't need to buy this course for this
00:08:04 00:08:06 for you know why would i pay 5 000
00:08:05 00:08:09 to go to this little group mastermind
00:08:06 00:08:10 thing on this island somewhere but like
00:08:09 00:08:11 you just got to think about it from a
00:08:10 00:08:13 business perspective it's completely
00:08:11 00:08:15 separate so i try to keep that stuff
00:08:13 00:08:16 to the side okay so that is how much is
00:08:15 00:08:17 okay to have in my opinion you know i
00:08:16 00:08:18 definitely think it's gonna have some
00:08:17 00:08:20 money put to the side
00:08:18 00:08:21 you don't want to ever have an emergency
00:08:20 00:08:23 and not be able to pay for something
00:08:21 00:08:23 it's that whole statistik of whatever it
00:08:23 00:08:25 is
00:08:23 00:08:28 like 60 or 70 of americans can't lay
00:08:25 00:08:30 their hands on a thousand dollars cash
00:08:28 00:08:32 if there's an emergency now tiknically
00:08:30 00:08:32 i can't lay my hands on a thousand
00:08:32 00:08:35 dollars
00:08:32 00:08:36 cash not same day or maybe when i go to
00:08:35 00:08:38 the bank but
00:08:36 00:08:39 anyways you know it's just that the idea
00:08:38 00:08:40 have a little bit so that you're
00:08:39 00:08:42 comfortable now
00:08:40 00:08:43 from a practikal reason perspective
00:08:42 00:08:44 number one money goes down in value
00:08:43 00:08:46 number two
00:08:44 00:08:48 the usd is looking a lot more uncertain
00:08:46 00:08:49 especially with over 10 trillion dollars
00:08:48 00:08:50 printed
00:08:49 00:08:52 since the start of covid with another
00:08:50 00:08:54 two trillion dollars that sleepy joe is
00:08:52 00:08:56 attempting to print
00:08:54 00:08:58 primarily for the purpose of eliminating
00:08:56 00:08:59 a chunk of student debt
00:08:58 00:09:01 which is going to slowly start
00:08:59 00:09:03 collapsing the economy
00:09:01 00:09:04 if that happens for the simple reason
00:09:03 00:09:06 that student debt is the backbone of
00:09:04 00:09:08 that primarily along with real estate
00:09:06 00:09:10 but it is a huge format of debt and it's
00:09:08 00:09:12 going to start issuing
00:09:10 00:09:13 a bunch of problems with the price of
00:09:12 00:09:14 college which by the way i think is
00:09:13 00:09:15 completely overpriced
00:09:14 00:09:17 i think it's ridiculous it definitely
00:09:15 00:09:18 needs to come down in price it's a
00:09:17 00:09:20 wildly profitable business
00:09:18 00:09:21 but if he just eliminates student debt
00:09:20 00:09:22 for a certain amount of people what
00:09:21 00:09:23 about all the young kids who are going
00:09:22 00:09:24 to get debt soon
00:09:23 00:09:25 well that's not fair to them so it's
00:09:24 00:09:27 going to create this whole trickle
00:09:25 00:09:28 effect also
00:09:27 00:09:31 there's no long-term value of having
00:09:28 00:09:32 money sit opportunity cost there's no
00:09:31 00:09:35 potential for it to grow
00:09:32 00:09:37 the .001 percent i get at the bank it's
00:09:35 00:09:37 nothing it just gets demolished by
00:09:37 00:09:39 inflation
00:09:37 00:09:41 number four cash is not fun okay it's
00:09:39 00:09:43 much more fun to invest
00:09:41 00:09:45 i learn a lot i get to choose what i
00:09:43 00:09:47 want to invest in when the entire market
00:09:45 00:09:49 crashes people panic
00:09:47 00:09:50 boeing's down 73 and i'm snapping up
00:09:49 00:09:52 shares at a hundred dollars ninety three
00:09:50 00:09:52 dollars i bought it at the very bottom
00:09:52 00:09:56 day
00:09:52 00:09:57 buying tesla 363 pre-split you know it
00:09:56 00:09:58 was two thousand dollars then splits
00:09:57 00:10:00 then four to six
00:09:58 00:10:01 so all these things where you get to
00:10:00 00:10:03 learn you to observe you get to buy
00:10:01 00:10:04 rental properties i bought my first
00:10:03 00:10:06 three properties when i was 19
00:10:04 00:10:08 and i bought more you know it's been
00:10:06 00:10:10 really fun and truly i can say this i've
00:10:08 00:10:12 had the most fun
00:10:10 00:10:13 operating inside the investments that's
00:10:12 00:10:15 been the most exciting okay
00:10:13 00:10:17 the businesses has you know it's kind of
00:10:15 00:10:18 a grind it's more attention
00:10:17 00:10:19 the investments are just exciting and i
00:10:18 00:10:20 love it i love doing research i love
00:10:19 00:10:21 learning
00:10:20 00:10:23 so i have a lot of fun doing that and
00:10:21 00:10:24 that is why i really don't like to keep
00:10:23 00:10:26 cash around
00:10:24 00:10:28 and i hope this isn't being viewed as a
00:10:26 00:10:29 flex me holding 115
00:10:28 00:10:32 anyways this is my visual example maybe
00:10:29 00:10:33 it'll be my thumbnail but nonetheless
00:10:32 00:10:35 this is something where i really just
00:10:33 00:10:37 don't like to have a lot of money
00:10:35 00:10:39 sitting i'm someone where i'm
00:10:37 00:10:41 i'm decently disciplined but you know
00:10:39 00:10:43 when let's say for an example
00:10:41 00:10:45 one of my friends hits me up and says
00:10:43 00:10:46 hey there's a private party seller that
00:10:45 00:10:49 i know in los angeles
00:10:46 00:10:50 he's selling his brand new ferrari pista
00:10:49 00:10:52 it's you know just
00:10:50 00:10:53 drop that gorgeous car it's worth 520
00:10:52 00:10:55 grand dude he's selling it for 4.95
00:10:53 00:10:57 right now private party no sales tax
00:10:55 00:10:59 and it's like one of those points where
00:10:57 00:11:00 sick car would love to have it's half a
00:10:59 00:11:01 million dollars
00:11:00 00:11:03 so this is a live situation that
00:11:01 00:11:04 happened to me and i was like you know
00:11:03 00:11:06 the money's there i was like
00:11:04 00:11:08 i'm just i'm not going to do that but
00:11:06 00:11:09 sometimes it'll push you to do that and
00:11:08 00:11:12 i did do that on certain cars
00:11:09 00:11:13 i thought it out but you know r8 gtr and
00:11:12 00:11:14 other gtr you know the
00:11:13 00:11:16 other things were thought out like my
00:11:14 00:11:18 lamborghini bmw the car for my grandpa
00:11:16 00:11:20 you know then there's a tesla all these
00:11:18 00:11:21 toys right but like when the money's
00:11:20 00:11:22 sitting there it's just like
00:11:21 00:11:24 not a problem you know i'm bored let's
00:11:22 00:11:26 go get a couple dirt bikes couple
00:11:24 00:11:28 motorcycles and an atv today
00:11:26 00:11:29 like it's just you know i always make
00:11:28 00:11:31 sense of buying them i buy them under
00:11:29 00:11:32 market value i don't pay sales tax i
00:11:31 00:11:34 don't really lose money on it but
00:11:32 00:11:35 that money could have gone somewhere
00:11:34 00:11:36 else where it has a potential to grow
00:11:35 00:11:37 you know so
00:11:36 00:11:39 just one of those things to think about
00:11:37 00:11:40 and have a lot of fun operating inside
00:11:39 00:11:41 that space so
00:11:40 00:11:42 um one thing i could recommend if you
00:11:41 00:11:44 haven't done this already read the book
00:11:42 00:11:46 rich dad poor dad i've never said that
00:11:44 00:11:48 to anyone ever but it is a solid book i
00:11:46 00:11:49 read it probably six years ago
00:11:48 00:11:52 i should probably reread it but it just
00:11:49 00:11:52 explains some very basics around cash
00:11:52 00:11:54 flow
00:11:52 00:11:56 assets versus liabilities and i think
00:11:54 00:11:58 it'll just help change some different
00:11:56 00:11:59 mindsets in terms of how you think about
00:11:58 00:12:00 money how you approach it because a lot
00:11:59 00:12:01 of people
00:12:00 00:12:03 what do you think about when saving
00:12:01 00:12:03 money saving money to grow your amount
00:12:03 00:12:05 of money
00:12:03 00:12:06 means putting it at the bank but it
00:12:05 00:12:07 loses money there
00:12:06 00:12:09 right and as soon as you put your money
00:12:07 00:12:10 in the bank the bank lends it out like
00:12:09 00:12:11 nine times over
00:12:10 00:12:12 so it's just one of those things where
00:12:11 00:12:13 you got to understand how money works
00:12:12 00:12:14 there's a bunch of great places you can
00:12:13 00:12:15 do that
00:12:14 00:12:16 that's why i love to continue learning
00:12:15 00:12:18 but i have a lot of fun with the
00:12:16 00:12:19 investments i love showing them here on
00:12:18 00:12:20 the channel i know there's certain
00:12:19 00:12:20 videos that get a lot more views than
00:12:20 00:12:22 others
00:12:20 00:12:24 but that's the thing i don't care if
00:12:22 00:12:25 this gets 400 views
00:12:24 00:12:27 you know that's way lower than the
00:12:25 00:12:28 average but i don't care because those
00:12:27 00:12:30 400 people
00:12:28 00:12:31 look at how that would impact them like
00:12:30 00:12:32 i hope this video has been valuable for
00:12:31 00:12:33 you so far
00:12:32 00:12:34 i'd appreciate if you drop a like you
00:12:33 00:12:35 know there's certain videos i like
00:12:34 00:12:36 toking about real estate
00:12:35 00:12:38 i know my real estate videos don't get
00:12:36 00:12:40 many views thankfully i don't do youtube
00:12:38 00:12:41 for the money so i couldn't give a damn
00:12:40 00:12:43 but it's one of those things where i
00:12:41 00:12:43 just like showing all these different
00:12:43 00:12:45 things
00:12:43 00:12:46 and toking openly and honestly about my
00:12:45 00:12:48 perspective on them so
00:12:46 00:12:50 that's what we're here for right well
00:12:48 00:12:51 anyways if you have any questions i
00:12:50 00:12:52 would like to open this up maybe i'll do
00:12:51 00:12:54 a q a of some sort
00:12:52 00:12:55 leave it in the comment section down
00:12:54 00:12:57 below um if you enjoyed the video drop a
00:12:55 00:12:58 like subscribe we have a bunch of
00:12:57 00:13:00 resources
00:12:58 00:13:01 in the description free and paid from an
00:13:00 00:13:02 ecommerce perspective
00:13:01 00:13:04 those of you who watch me here in the
00:13:02 00:13:05 channel you know i don't teach anything
00:13:04 00:13:07 other than e-commerce that's the only
00:13:05 00:13:08 thing that i remotely
00:13:07 00:13:10 consider myself an expert at i'm not an
00:13:08 00:13:11 expert in the markets in the stok
00:13:10 00:13:13 markets i'll never sell a course on that
00:13:11 00:13:14 i'll never have i'm maybe down the road
00:13:13 00:13:16 i'll have something on real estate but
00:13:14 00:13:17 i'm a noob with that it takes a long
00:13:16 00:13:18 time to learn
00:13:17 00:13:20 my portfolio isn't even worth 3 million
00:13:18 00:13:21 bucks yet so it's one of those things
00:13:20 00:13:23 you know just learning and slowly
00:13:21 00:13:24 evolving but i definitely like toking
00:13:23 00:13:25 about stuff here on the channel
00:13:24 00:13:27 as well as teaching e-commerce inside of
00:13:25 00:13:28 our private groups all right so make
00:13:27 00:13:29 sure to check that out
00:13:28 00:13:31 we also have an entire ecommerce channel
00:13:29 00:13:32 that you can find linked below as well
00:13:31 00:13:34 as all the other videos here
00:13:32 00:13:35 all right hope you enjoyed the video me
00:13:34 00:13:47 and my 115 dollars
00:13:35 00:13:47 we'll hopefully see in the next one

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