have you ever heard the phrase you got to work hard for your money my question for you is do you I know a lot of people who don't work hard for your money in fact I don't even believe in working hard for money now here's here's what I'm going to say I do believe in working hard and I do believe in making money I just don't believe in working hard for money I believe there are better reasons to work hard and I believe there are better ways to make money and in this video you're going to find out what they are see here's what I discovered people who work hard for money don't understand how to play the money game and people who make lots of money they make lots of money playing games I play business games I play investment games and those business and investment games make me money for instance I'm going to give you all some very specific examples so I just ordered a 2023 custom Sprinter van for picking up clients and in full disclosure taking me places when I need to go places and I need to be working on something while I'm getting there so I'm not driving and doing podcast interviews in it and so on and so forth so I just ordered this custom Sprinter van so it's 165 thousand dollars which I got a great deal on it so thank you Lee okay I got a great deal on it but so now I can write a check for it or I can Finance it or write a check for it I pay zero interest okay but if I finance it I found two funding companies one of them I haven't talked to yet I just got approved for the loan in my own personal name which I didn't want to buy it in my personal name I wanted to buy it in my business name so I got approved for a loan in my personal name for to pay for the to pay for the vehicle okay I'm probably gonna have to put twenty thousand down cool I also got just signed up for this week a two hundred thousand dollar business line of credit and my business name so the two hundred thousand dollar line of credit my business name is it's almost loan sharkish okay so it is they charge you five percent of every time you do a withdrawal they charge you five percent then the payments are depending on how much of it you take out so I'm gonna like if I do the loan which I'm probably gonna do it the interest rate is 16 percent on two hundred thousand dollars that's in cynical y'all know that's insane right but I want to do it as a social experiment to show everybody that interest rates are largely smoke and mirrors if you understand how to play the money game so what I'm going to do more than likely and I haven't decided yet because I want to look at all the terms but I'm pretty sure I'm going to do this I'm going to borrow the entire 200 000 and take the entire two hundred thousand dollars they're immediately going to charge me ten thousand dollars because ten thousand dollars is five percent of two hundred thousand dollars so now I'm going to take the two hundred thousand I instantly owe them 210 000. and the payments are nineteen thousand dollars a month okay which is fairly significant so why would I do it if I already got a loan for the van but I also got the line of credit why would I get the line of credit and then pay 19 000 a month on money I don't even need that's a good question right here's why it's because the first of all let me tell you why I'm gonna borrow the money even though I could write the check I'm gonna borrow the money to buy the van because my money makes me more money than the bank will charge me even at 19 so um two days ago when we recorded our video on um the window of wealth right after I got done with that video I did a trade and I got in a trade and I'm not going to go into what the trade was I just got into a trade well yesterday I was by the time I got out of some of those positions I was up a hundred and ninety two thousand dollars in 48 hours Plus I I took a hundred and five thousand dollars of that off the table that was 105 000 profit off the table plus the principle that I had in that trade so it's 105 000 profit I made in 48 hours that I took off the table and still have another 89 000 sitting there to see what the Market's going to do today because I that that in that transaction doesn't expire until the end of September so I can leave that money in there until the end of September and and and so so in telling you what the game was that I played I bought 600 contracts of puts on the S P 500 you don't have to know what that means here's here's what it means to me I think the S P 500 is going to go down if it does go down with 600 contracts of um so 110 every dollar that the Spider goes down the spider ETF goes down I make sixty thousand dollars every dollar goes down but watch this every dollar goes up I lose sixty thousand dollars so this is why I don't trade all the time I only trade when I see a trade formation happening and so so I bought 600 contracts I bought them for eleven dollars and 64 cents when I sold the first 300 I sold them for fourteen dollars and I forgot fourteen dollars and fifty cents maybe I made a profit of two dollars and forty three cents on on three um thousand contracts so I made two dollars and 43 cents times thirty thousand profit took it off the table in 48 hours then I waited a little bit later that day sold some more for 14. 89 made another three dollars and something off of another 100 contracts and then I kept the last 200 contracts in play in case the market fell off the face of the Earth today I still have 200 contracts if it goes to if the S P 500 goes down 10 points then I've with 200 contracts I'll make 200 000 um if it goes down 100 points I'll make two million dollars okay and the fed's speaking today and so so what I'm gonna do is I'm gonna set a stop profit so that if it goes up crazy high it stops me out with profit and I lose no money and I've just made free money okay why did I tell you that whole story because people think that the primary thing they should look at when they borrow money is an interest rate but an interest rate is often a distraction it's not always a distraction but it's often a distraction like if you how many have ever gotten an invitation in your mortgage to refinance your house right you can get a lower payment right and a lower interest rate well why are they giving you like ask yourself the question why are they giving you a lower payment of lower interest rate here's why because they know something you don't know they understand the game see if you don't understand the money game then you have to work on the board as one of the pieces for the people who understand how to play the game and the banks understand how to play the game so they'll send you a letter saying we're going to give you a lower interest rate and you'll have a lower monthly payment on your mortgage but the reason they're going to do that is because if you do that you got say 13 years left on your mortgage now you have to start a whole new 30-year mortgage in the first 10 years of your mortgage most of the money you pay goes to interest so even though you're paying lower a lower interest rate when you refinance your house and get a lower payment even though you're paying a lower interest rate you're paying more in interest than if you had kept the higher interest rate with a higher payment they know you don't know that they don't tell you that part of it it's in the paperwork but they don't tell you that part because they know they've already distracted You by making you think the interest rate is the most important thing now what should what would be better for a person to do than that let's say you understand the money game what would be better would be to get a home equity line of credit for the equity that you have and put that home equity line of credit in the first position if you can make your mortgage a home equity line of credit and then every time you get paid deposit your check into your mortgage balance and then use the checkbook that comes with your home equity line of credit to pay your bills you'll pay off your mortgage probably in three to seven years if you do it that way like making the exact same amount of money you make right now you'll pay off your mortgage in three to seven years 12 at the outside instead of paying off your mortgage in 30 years now this is this is so I went to when I go to like when I went to Israel in Israel like in Greece euros are pretty easy to understand you go to Israel they trade in shekels right I don't know a shekel from Heckle and Jekyll right so I remember I was at the airport I went and got some um some Israeli money and I go to buy something to eat and they gave me some change I could only hope that it was the right amount because I had no idea what the word said on there I had no idea what I was looking at right and so so like I am in Israel that's how most Americans are in America they don't know how to read the money so they don't know if they're getting a good deal or a bad deal they just have to take somebody else's word for it so so what I'm gonna do I think I'm gonna do I don't know if I'm gonna do it or not but if I do do it I'm going to document it so it'll be on my YouTube channel so you always be able to see I'm probably gonna borrow the two hundred thousand dollars I'm gonna use the two hundred thousand dollars to make money because I'm sure it can make me more than twenty thousand dollars a month and then I'm gonna let whatever business or investment vehicle that I create to pay off the loan I'm gonna let that pay off the loan and So eventually once it pays off the loan all of the money that I have I will have now is free money see getting out of debt is fine and I could like if I wanted to I could pay off all my debts today I have no like I don't I use debt I don't let debt use me I pay off all of my credit cards every month down to zero balance and it doesn't matter what it gets up to and I paid and we've done as much as 450 000 on our credit card in a single month we pay them off every month every month we pay off our credit cards okay so I'm not talking about using Consumer Debt and letting it use you I'm talking about I'm talking about using debt to create wealth and then letting the wealth that the debt create that the debt created pay off the debt that's what this building this building I borrowed 400 something thousand dollars to pay 625 000 for this building but this building because we turned it into a YouTube Studio makes us forty to fifty thousand dollars a month oh so one of the things I could do think about this I could put I could put this space this building on peer space I could hire somebody just to manage the fear space of this building Chris just got here so I could hire somebody just to manage and he's he's the genius who's taught me about this okay right so you're doing right now so so we could we could we could I could put this building on peer space rent it out for 300 an hour with no equipment 500 an hour with no equipment and so I don't use it at all on Tuesdays I don't use it at all on Thursdays we could build two more podcast Studios over there we could rent this side out for 300 to 5 for 500 an hour rent that side out for 500 an hour and we could keep doing that over and over and over again and let that make the money to pay the employee and pay off the 200 000 I could use that 200 000 to upgrade the other side you see what I'm saying so so business people think about money making money and money costing money in different ways than poor people think about it poor people just want to know what the payment is rich people don't care what the payment is as long as the money that it makes is more than the payment this building this building makes me almost 10 it makes me more than 10 times 10 times it makes me more than 10 times per month what the monthly payment is when you look at all the sources but some people look at I don't know I don't know I don't know a fifty three hundred dollar a month mortgage I don't know it's it's nebulous when you understand how to play the game same thing with Airbnb peer space uh same thing with turo you just whatever the business vehicle is there's so much opportunity in the world today which is about one of the reasons there's less there are less jobs there are less jobs because there's more business opportunities there's more opportunities for average ordinary regular folk to create wealth than there have ever been in the history of the world my daughter is a mom a married woman with a child she was making 25 an hour when she was 11.
my son was making 117 an hour when he was 17. because they had skills that they knew how to use to serve people who needed it done who wanted the work done more than they wanted the money and see one of the reasons you don't play the game of money well is because you don't spend enough time thinking about how to solve other people's problems coming out tracking and so what we want to do is we want to if we can figure out how to solve enough big problems for enough people those people will pay us enough money that we don't ever have to think about money ever again so I'm going to tell you some of the some of the business games that I've so that's those are some of the investment games that I play like I've got a house in Pennsylvania that I've owned since 2003 um which means we only have 10 more years on that mortgage right and I only owe like a hundred and four thousand dollars on that house but how much does it rent for Chris a day right now in Airbnb oh each room so we rent the rooms 145 a day and normally rent it's a four bedroom house but we're only renting out two rooms because the back two rooms we're saving for me and my family when we go to Pennsylvania and so I don't I know I'm a little interesting but I don't want anybody sleeping in my bed but me so so you know they can use the rest of the house so so we renting out two bedrooms in this four bedroom house and it's got a lot of other space as well or um 104 a day we keep it rented 20 days a month it brings in two thousand dollars a month right that more than pays the mortgage and so we're probably going to also turn it into a peer space if I don't have time to go into that which could which could make what six fifteen sixteen thousand a month yeah five six times that so so there are ways to you just have to learn to think differently and play games now business games that I play the business games that I play and I started playing a long time ago the first business game that I ever created was 10 no's in a row I created this game for myself and for the people that I taught 10 those in a row here's your objective you go out you make offers to people offers as you're prospecting them and your goal is to get 10 people in a row to tell you no okay so Watch What Happens talk to the first person they say no talk to the second person they say no talk to the same third person they say no talk to the fourth person they say no talk to the fifth person they say yes now you got to start over so what happened was one of the reasons people can't make sales is because they're afraid of no so I turned no into the thing I was looking for instead of the thing I was seeking to avoid and I turned it into a game and I got so good at the game that I got to the point where people didn't tell me no anymore because I could tell when they were getting ready to tell me no and I'd tell them no first now I love the game see and so basically when I say it's a game I'm playing a game in my head like and I just think of new things to add to the game every month we do a challenge the five-day challenge it cost ninety seven dollars for general admission it cost 297 dollars for VIP experience one of the games I play is I want to see every month if we can sell more VIP tickets than general admission tickets that's a game that I play now how do you sell more VIP tickets and they cost more it's easy I allow the risk to remain in the general admission ticket but I reversed the risk in the VIP ticket what does that mean so the VIP ticket it's 297 dollars it comes with a 10 times better than money back guarantee which means if you don't believe it was worth twenty nine hundred and seventy dollars when we're done on Friday all you have to do is send us an email I'm gonna send you your money back just say it wasn't worth it I don't feel like it was worth 10 times what I paid for it so the 297 dollars comes with a 10 times better than money back guarantee the 97 comes with a once you pay me I got your money guarantee so we almost always have more 297 dollar VIPs than we do 97 General Admissions but guess what happened we used to let General we used to let VIPs ask questions we had we had a challenge we had 400 something people on it people were mad because they couldn't ask questions I don't want people mad at me so how can we make this game more fun for all of us I'm going to create a VIP Platinum that cost it used to cost 300 more so in addition to the 297 then they pay 297 more so 697 then they get only the people who paid the 697 can ask questions well the last challenge we the challenge we did in July we had so many we had 50 platinums we sold out of platinums and we almost didn't have enough time to answer all the platinum's questions so guess what we did we raised the price for platinum to 500. it's not only those who are serious get to ask questions but they get to ask as many questions they want to and somebody might be thinking well why would somebody pay 500 to ask a question because they'd rather pay me 500 to ask me a question then pay me forty thousand dollars to talk to me for an hour and I'll answer all their questions and so it's all about the game and until you learn how to play the game I promise you you are being played by the game and if you don't want to be played by the game learn how to play the game and I'm not saying the people who know how to play the game they're all they all have bad intentions they obviously don't I don't have bad intentions but it's a it's either going to be a game for me it's gonna be work for me if I'm gonna work I'd rather work for something that's way more valuable than money what could that possibly be like what could be more valuable than money to work for like I'm not going to work hard for money in fact I'm going to do my best not to work for money at all I'm going to create things that create money so I'm going to work to build a system that can pay me from now on so I work to build systems that pay me what does that even mean so like a funnel for instance our our our boss moves book funnel so every book that I write is a system this is a system this is a system where I turn two dollars and fifty cents into thirty dollars plus 10 shipping and handling that's what this is I wrote this book one time how many times I write the book one time wrote the book one time last month we sold 700 copies of the book at thirty dollars a piece Plus in the United States 9.
