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

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