so look there's really no point in me making another video on just how insane of an opportunity you have during this 2022 to 2023 recession without me going into the details of how to actually execute on it so in this video i'm gonna lay out the three-step framework that you need to implement over the space the next three years to basically set yourself up for life now i wanna make something very clear this framework is not easy nothing good in life comes easy let alone generational wealth but this framework is incredibly simple and unfortunately a
lot of times when something is so simple people think this can't be the answer this can't be the solution well i have a news flash for you it is now there are some nuances and there are some details where if you miss out this three-step framework and this three-step plan will not work for you and there are some specific details that you need to make sure you stay around for so grab a coffee grab a pen and paper and with no further ado let's get into it now step number one and i cannot believe i'm
actually saying this step number one is i need you to save more now any of you guys who know me know that in general i have a disdain for frugal people i have a stain for over savers the people who are like you know what here's how i'm gonna become a millionaire i'm gonna penny pinch and i'm gonna save and i'm not gonna buy that five dollar coffee it's just so ridiculous it's so preposterous and really the only people that that applies to this is gonna be offensive but i don't care it's just the truth
it's for the people who don't believe that they are worthy enough of making more money so if you can't make more money then you're like well i can't make any more money so the only option i have is is save money and if i save and invest my way on a 35 000 a year income maybe after 30 years i can be a millionaire i genuinely believe that people that try to save on their five dollar coffee or think that in an economy it's not worth paying the extra 70 for extra leg room on a
seven hour flight i genuinely believe that those people have a mental illness and that mental illness is scarcity and if you have a scarcity mindset that's going to permeate into everything that you do you're basically like repelling money so as i said just understand that excessive saving you know basically getting into the frugal territory i just think it's for people who are just lame honestly like i see some of these people who make millions of dollars a year and it's like what do you want to do like take all that money to grade with you
like i mean just spend it all you definitely shouldn't be giving it to your kids and most definitely you should not be giving it to your son people need to and especially men need to go hunt they need to work they need to actually earn what they claim anyways a little bit of a side tangent now you might be hearing all this stuff and might be going well oh man you're just reckless you blow all your money actually i'm probably one of the biggest savers or investors you probably know i personally save and invest or
save for the purpose of in future when prices are better investing 80 of my income so i'm a big fan of saving and investing in your 20s and your 30s but what i'm a fan of is making excessive money so that way you have the ability to save and invest without compromising on the sort of life that you want but for the first time ever i am actually kind of in favor of saving and i'll explain to you why it's because right now i'm looking at things and i'm looking at the fact that in the
next year or so and in some asset classes that's already the case you're going to have the ability to buy things for a 50 discount i mean if you look at the crypto markets you got 70 discounts from you know where they were six months ago if you look at the watch market once again from three four months ago you're getting a 25 30 sometimes even 40 reduction from what it was you know just a few months ago and although real estate prices at the moment are still very high i can guarantee you in a
year from now that will not be the case so now when i'm looking at the price of something a nice jacket from laurel or zenya you know six months ago i'd look at it and the price tag would be seven thousand dollars now i look at it i'm like that's twenty one thousand dollars because if i took that same amount of money within the space the next five to eight years that money will literally triple and honestly probably a lot shorter timeframe as well you know now when i chart our private jet rather than look
at the price tag as thirty thousand dollars i look at it as ninety thousand dollars let's bring it back home to an example with you normally i would tell someone go spend your 150 a month on starbucks like don't try to save and squabble and all this stuff like you should be able to make more than an extra 150 a month like you should know that you have the ability to make extra few thousand dollars a month if you really put your mind to something whereas now you know if you're spending 150 a month on
starbucks it's kind of a little bit more like 500 a month because if you just dollar cost average that into different asset classes whether it be crypto stocks you know whether that be saving up for the down payment on your first rental property you know whatever the case is you know for once during this 2022-2023 recession i can actually kind of see a use case for saving you know and no matter how much money you make whether you make thirty thousand dollars a year or three hundred thousand dollars a year three million a year or
thirty million year whatever it is you know for once i'm actually starting to look at things and going you know it is actually probably good for you to have your saver cap on so step number one during this recession over the space the next two years i don't want you to deal with lifestyle creep as you make more money i don't want you spending more money you know you can do that in four or five years you know in the year 2027 when you look back at this period you're like wow this is the time
when i bought assets at super cheap prices and you really set yourself up for the rest of your life and just a little caveat one of the best ways to actually save more money is get your living costs down now if you live in new york california if you live in paris london amsterdam whatever it can be very difficult to do that sometimes if you have the ability to be remote whether that be because of your job or you decide to start an online business whatever the case is i recommend places like cape town obviously
i'm a little biased i have a 12 000 square foot sort of mega mansion there and the living costs are one-tenth of what they are here in dubai we've got places like medellin or even bali basically these places you can have an incredible incredible quality of life for much much cheaper than it would cost in other major cities so as i said if you are location independent definitely see if you can move out to some of these places for the next two years three years so that way you can get your living costs down and
make more money and then basically invest all that difference now speaking about making more money let's go to step two which is you need to increase your earning potential now before some of you guys roll your eyes and you're like he's going to tell us to start an online casual based business again because i've been doing that for the last five years let me actually tell you how to actually increase your earning potential if you work a job right now because let me tell you i don't believe that everyone should be an entrepreneur and i
think there's actually a lot of honor for working for a good company with a good company culture that actually values you and is very honest with you or and gives you a good track for you know basically how you can progress in the company i think that's super honorable so the first thing you need to do if you work for a company is just take a really objective view of the current situation and ask yourself is there a potential for me to make more money if i provide more value to the company so like if
you are working as a waiter at a restaurant you just need to be very realistic and just know that you've got no room to grow and in that situation i would quit your job as quick as humanly possible if your conditions allow for it aka if your parents are more than happy to take you back home you know you move back in with your parents for the next 12 months 18 months while you're figuring things out or if you have enough savings and runway to sustain yourself for the next six to eight months if you
are in a dead end job just quit okay make the leap and just focus in if you have that runway now if you are in a situation where you're working for a company with more growth potential the first thing to do is you need to look at the work that you're doing and reframe it and always sort of anchor that with your employer here's the thing let's say for example you do editing or create thumbnails for a company you know one is a commodity which is basically just content the other is attaching an roi to
it so constantly just making it clear that hey guys i improved the ctr of the thumbnails this amount and that led to more eyeballs which inevitably led to x amount more money or if you're an editor constantly anchoring the old edits compared to new edits and you know what that did for retention or for example if you're in sales for a company never ever talk about your commission to your employer or how much money you're making you know if you're trying to get a raise don't be like ah you know i'm making you know 3
500 a month i really want to be making 4 500 or 5 000 a month from the sales role instead just ignore that constantly talk about here's how much money i brought the company if i bring in this much money instead you need to go boss i made you seventy thousand dollars last month if i make you a hundred thousand dollars and i hit that benchmark can i get a little performance bonus so that way that really incentivizes me to hit that next goal you need to understand that positioning is everything and a lot of
times you need to sell your own company and your own employer on the value that you are bringing to the company because unless you do it and you constantly anchor the value that you bring to that company they really have no reason to actually give you a raise and the next thing that you can do if you work for actually a good company is just flat out go to your employer and ask them look what is my ceiling at this company do you see me going into other positions and at this current position what is
my maximum earning potential just have a very honest conversation and just get a good feel for the situation and how far you can grow with the company now bear in mind 98 of you that actually work jobs right now your companies suck they suck they don't respect you you've got no room to grow so that advice that i gave i just wanted to give that advice because i don't want people to think that the only option is to build an online business and this and that i gave you another option right here but just understand
you don't have much wiggle room if you work at a company that you know the ascension path that they lay out for you is 20 years if in 20 years you only start making 250 000 a year which i get is a lot of money for some people i'm not trying to be insensitive here but like 20 years to make 250k a year working for someone and by the way i'm talking to the people that hate their job if you make 50 000 a year and you genuinely love what you do and you love the
company culture who cares that's far more fulfilling but as i said for those of you guys who hate your job and you don't see a good lifeline there's no other better place to look than starting an online business what you need to focus on is starting an online cashflow business that requires the least amount of money possible to actually get off the ground and one that also has super high margins now i'm not gonna get into the specifics of that here i will leave a link in the description for a video i posted earlier this
year this is my most popular video so far this year and basically i go over the online money making matrix i analyze with data in a formula eight to ten different business models and basically present the best one depending on your situation i will leave a link to that video below and let's get into the third step so you are saving you've got your saver cap on you know you're living i don't want to say frugal because i hate that work but you're living in a more conscious way understanding that you know you're gonna spend
less now so that way in you know three four five years you're gonna be able to spend a lot more then you try to maximize your earning potential either at your current career by framing things correctly or by starting an online cash flow business now the last step and the most important is you need to invest that money look you can do the first two things and you can do them very well and you will remain in the rich category not wealthy and the goal here quite frankly isn't riches it's wealth wealth is something that
allows you to weather storms understand you know for some of you if you think this is you know investing is scary and whatnot i totally get it you know i remember i was 18 years old two years after actually starting my business while i was still in high school i'd made my first million dollars in profit that year and i was what you would consider rich but i definitely wasn't wealthy because like i didn't have any good roots i didn't have any good foundation and i wanted to invest and you know and it took me
a whole year of like reading and being like ah maybe i'll get into it then and sort of procrastinate because i just thought it was so scary and i can tell you honestly it's not so just keep it simple if you're first getting started investing by far the best thing you can do is just dca which means dollar cost average so pick some of your favorite asset classes and just dca into those weekly or monthly whatever period you want to do now over the past two years my main investments were in crypto and watches which
both did incredibly well and there were also a few other alternative investments but those usually made up less than 10 to 15 of my overall investment portfolio so that was really my vehicle up until that point now over the space of next year i'm looking to pour 10 to 15 million into real estate now as i said there can be different asset classes and the funny thing is now you might look at me in my position and go oh you know e-man takes action and he's not scared and all this stuff and i'll be honest
one of the reasons i haven't gone into real estate sooner is just because i needed to jump in and understand the world so even for me as i'm looking to deploy millions and millions and millions over the space the next year i'm even like oh wow this is kind of scary i'm buying my first you know 3 4 5 10 investment properties like this is quite intense so the reason i mention that is because that may be the way that you feel about crypto or maybe the way you feel about for example watches i think
a lot of you guys know that i have over a three million dollar watch portfolio just from buying and wearing watches over the space the last few years i made something like 1.3 1.4 million dollars if i was to sell my entire portfolio so there are a bunch of different asset classes that you can choose from my best recommendation is look at the ones that have the easiest on-ramp basically how can you take fiat currency you know your pounds your dollars your euro whatever and buy that asset with it so for you to take your
pounds euros dollars et cetera and then buy an investment property especially if you're getting a mortgage and stuff like that you know it takes a little bit more skill and takes a little bit more understanding and it can be scary for some people so that's not the best place to start as a beginner and regardless you're going to need a lot more money for it same thing with watches watches are a world that you're going to need to understand especially if just like in my case you buy all of your watches directly from the brand
at retail you know you need to understand that language in that world etc the two easiest that i found for people to get started with is stocks and crypto and the beauty of it both of those have already been hammered massively those have already come down a lot i think they will have a further leg down at the end of this year in early 2023 but still if you're buying at these prices you're gonna be doing well if you look over a five or six year trajectory so crypto and stocks are by far the easiest
to actually just start dollar cost averaging you know investing a hundred dollars 200 whatever you can afford a week into those asset classes and then as you're doing that you're finding creative ways to save more money so you can invest more as well as increase your earned income and by the way if your income is 35 000 a year and you're sacrificing the 150 a month for starbucks you know in order to do this once you get to a hundred thousand dollars a year in income or let's say you even managed to double your income
by starting a side gig by building an online cash flow business et cetera et cetera go ahead and splurge on your starbucks again right the main key here is you need to save slash invest 50 to 80 of everything you're making that's the rule and by the way as you make more money that percentage should go up because look here's the thing if you're making 30 000 a year it's gonna be very hard to you know save and invest eighty percent of everything you make if you're in that case you know you might only be
able to save and invest thirty percent and it might be difficult this is why it's so important to follow step two and make more money so that way you get to a point where you can live a great lifestyle you're not penny pinching and you know you don't feel like you're really missing out on stuff yet you're investing so much money you know like i live an incredible incredible life i spend a couple million dollars a year just on my life yet i still managed to save and invest 70 to 80 of everything i make
because i'm trying to set myself up for my future but in the meantime i still want to live a good life so ladies and gentlemen those are the three steps as i said they are not easy but they're simple and unfortunately sometimes simple you know everyone wants a different hack and a different method and trick and tactic you know a lot of times simple as the thing that actually works and produces results for good reason so keep it simple there's a massive opportunity out there to seize do not dwindle it and i'm here rooting for
you
