what's going on Facebook it is vulgar dividing their baby and today Oh perfect Credit repair programs that work Credit repair programs that work fast Credit repair programs that work now Credit repair programs that work quickly Credit repair programs that work to remove student loans Credit repair programs that work to remove bankruptcy Credit repair programs that work to remove negative accounts Credit repair programs that work to remove inquiries best wealth creation ideas what is wealth and how is it created wealth creation mentors and coaches
today when we talk about some really really really good stuff now this is the
first presentation I'm doing on Facebook live inside of the new home all right if
you didn't already we closed on the new house and this little bit more space you
know we got a we got a big family so it's all good but this is our first it's
my first facebook live inside the new house so I'm really excited and we
talked about some some really good stuff for you all for my friends for my
friends at Farah Union all right so if you're watching this make sure you share
now I'm gonna be turning the camera around because you know on Facebook live
when you write everything is backwards so make sure you share this I'm gonna
give you an opportunity to jump on here and I still haven't found all my dry
erase markers you know we're still unpacking some stuff so I still haven't
found all of my dry erase markers so if they do or if they run out please
forgive me we're kind of set them up here on the window seal and if they run
out I'm just gonna reach over and grab another one okay so today we're talking
about some really good stuff talking about how five simple ways to create
wealth in your life and I know for a lot of people they believe that wealth is a
measure of money which it does you know in order to create wealth you got to
have some money but well it's not about how much money have wealth is about how
long your money lasts okay so that's what this whole well thing is about is
how long does it last okay and in order for you to create
wealth now and for generations there has to be a set up there's a set up for all
of this as a matter of fact yeah I was but I definitely do this okay
so there's a setup to creating wealth in your life all right first thing about
the set up is the mindset is realizing that wealth is for you there's a lot of
people that don't believe that wealth is for them they think wealth is for other
people well other people are people too okay
it's just that in their mind they believe that is for them so
the actions their thoughts their words and their actions is what brings the
wealth to them so what was for everyone is that's just for those people you know
whatever you're doing right now in your life you don't have to continue on doing
it but the the difference is having the right information and having an
education to know what to do okay so i'ma give you kind of give you some
things that I've learned over the years to really help you in this process all
right listen take this serious because I'm letting you know this works every
day I'm going to show you is things that I do and the people I've learned from do
okay it's not this is not anything what you know is its theory these are things
I actually do okay every time all the time alright and I'm telling you this
stuff works now I won't say stuff but these this this process absolutely
absolutely works okay so I'm going to turn the cam around so that when I write
on the board it shows up right on the screen alright so but you'll see that
that's cool in it that's cool to Lorraine this is like mother Ohio State
rain that I have this is kind of cool so it's a championship ring by the way but
anyway let me turn it around alright here we go
all right hopefully we can see that okay so we're gonna start with now these
things aren't secrets all right they're not they're not secrets it's just that
no one knows about this information okay so if you have any questions you know
feel free to ask all right but this is secret number one all right what's he
gonna vote well secret number one and well secret
number one is how you handle your income when you receive it whether you have
business income whether you have your job income is how do you have your first
of all how do you have your your your life set up talk about your your your
expenses set up all right and then the second thing is how do you have your
your income set up when it comes in so the first thing are the expenses okay
hold on one second the first thing are the expenses all
right now a lot of individuals a lot of people have 100 plus percent of their
money going out in expenses okay some people are doing even more than 100
so they have to borrow money okay to keep up with their expenses all right so
they have to they got to borrow money so use your credit card or novels or what
have you to keep up with their expenses so the
first thing the first you must do is slow down your spending all right slow
down your spending and then start getting rid of some start getting rid of
your expenses all right
okay start cutting back on your expenses get rid of the credit card get rid of
the car the house it's two loans the loans all right if you go golfing every
weekend or shopping every weekend then cut it down to two weekends a month so
instead of going for weeks a month go to week is a month okay and you'll be
amazed how much money that you're saving and you be able to see how much money
you're spending okay overspending so the first you want
to do is set up your is make sure your expenses are that you're cutting down
your expenses now I know you've probably heard this a lot before okay and there's
a reason for that anytime you you get around a topic like
they wealth and money and things that nature or business or whatever that
you're doing alright parenting relationships I don't care what it is if
you keep hearing the same thing from so different people that means is something
that you must do alright yeah such as I said that yeah I've heard
that before on that read that I mean I wouldn't defendant will talk with same
thing well it's the reason for that it works is part of the process you know I
thought we was trying to do you know do the shortcut well the right way is the
shortcut okay so cut back on all your expenses you don't need all that stuff
I'm telling you you don't need all the stuff you think you need all right now
the next part of the secret is how you do your income when your income comes in
what happens to a lot of people okay what a lot of people do is that they put
all the income into one what we call a jar and that's an account we're just
gonna say these are this this is a bank account or what have you but we're gonna
call it a jar alright everybody puts all their money into one jar alright and
what all the money goes into one jar then they are compelled to spend a
hundred percent of their money alright so all your money is
in one place one account then you're like okay well I got the money I can do
this I got the money I can do that all right but but the income you need to
create the wealth you're spending it in expenses all right and it's physically
be things that you need and things that you don't need we call those doodads all
right so the goal here is to have your money go into I said my mortgage you're
gonna run out all right oh there we go lose that's it
all right have your money go into five different what we call jars all right
and you'll have a jar for each process you have a jar for spending investing
savings emergency fund all that stuff okay and so what happens is because when
you when you when you get your income in your income comes in your goal is only
have 50% of your income go to your expenses all right 50 percent
that's the goal now for some of you you may have to start out at 80% right and
then the other 20 is about it but most other jars but 50 percent you you wanna
be able to live on fifty percent of your income all right
now I know a lot of you that will Marlin 50 percent is low well what do you have
to do if you if you still wanted that kind of lifestyle well you're gonna have
to increase your income so if you want your fifty percent if you want your
fifty percent your income to equal four thousand dollars a month then you have
to increase your income to eight thousand dollars a month
all right so how can you do that well the best way to do it is to join a
business because you join a business it gives you an opportunity to save money
on taxes gives you the opportunity to earn leveraged income it gives you
opportunity to have other people involved in your income where you can
increase the amount of income you earn all right and so then that way your your
your your piece that you keep for expenditures will go
up okay so then you'll have a jar for
saving yummy John for emergency fund you have a driver for the best inning
alrighty every jar for you or what happened okay you got your spinning jar
okay so five different jars so you're embar one is how you do the income that
you have nap alright and the goal is to get to fifty
percent of your income is the only one that you can spend all right I'm telling
you all I'm telling you all I'm telling you I'm selling I'm telling you I when I
started doing this it changed my life it absolutely changed my life because I
never ran out I never run out of money I know I never run out of money because
and at the same time still give her to all this still give her it still get rid
of everything all right also the credits going up as well too okay so what does
all this does is gives you discipline discipline you just not I'm not saying
you can't live life and I say you can't do those things but it gives you
discipline because when all the money's gone from your spinning jar you don't
want to touch your other jars alright something you're gonna be
looking thinking about whom do I really to buy that hmm don't really dude
already to go out again this weekend hmm do I really need those shoes there
really need that shirt don't really gonna be that new cellphone because now
you have control all right you have self-control so super number one is
having five jobs okay having five jars all right any questions cool all right
I love dinner stuff now the good thing about this is that I have a training I
put all this together for you all right you watch that many times you want to RI
secret number two all right is having a vision all right
having busy Oh what did that right okay now see number two is is more of a
mindset thing okay what I mean by what I mean by having vision for your income Credit repair programs that work Credit repair programs that work fast Credit repair programs that work now Credit repair programs that work quickly Credit repair programs that work to remove student loans Credit repair programs that work to remove bankruptcy Credit repair programs that work to remove negative accounts Credit repair programs that work to remove inquiries best wealth creation ideas what is wealth and how is it created wealth creation mentors and coaches
well everyone has then hasn't put on this earth for a purpose all right and
there's a certain thing that you must do why are you here on earth okay
and that is you know what do you envision yourself doing what what do
people tell you that you're good at or good at this that's positive okay but
when I talk about having a vision for your income is that you want to use your
income to fund your purpose now I can't tell you what that is alright you're
going to find out what your purpose is and and and what you envision your self
doing everything you do should soon the way you earn income should be wrapped
around your purpose and your calling now I know what I mean they will call it you
know you think you have to be into you know the church or religion and they
know that's that's not a call now if your calling is to do that great but a
calling is what is your purpose there's something you've been put on earth to do
and everything down to the way your income should be wrapped around your
purpose so when you earn it when you earn your income and you're using a lot
of it to fund your vision alright you're funding your your purpose is it to write
resumes is it to be an attorney is it to be
you know a doctor is it to be a business owner is it to be I don't know a dog
walker or veterinarian whatever maybe is everything you do should be wrapped
around your calling all right so when you have a vision for your income
all right you will be you'll be careful how you spend it you'll be careful how
you spend your income because you'll be doing tonight is this conducive to my
calling is this conducive to what I'm supposed to be doing and if it's not
then you'll pull back the reins on what you spend money on all right and so when
you start that vision all your money will start to follow to help you fulfill
your calling and your purpose all right so single number two is having
a vision for your income all right Jimmy Choo shoes is not a vision for it's not
it's not a calling now I'm not saying you can't buy them but you buy them when
it makes sense okay and you buy them when your income dictates that this
won't hurt anything else I'm doing okay so hope that makes sense
all right so so you number two is having vision all right sig number three
all right Steve number three it starts getting into investing I'm just going to
put quotation marks all right because the best could be in it could be money
can be time it could be work all right I'm not the best thing is in quotation
I'm not and I'm not gonna give you anything to to do I'm just giving you
some steps so step number three C number three is investing in things that
multiply and multipliers all right so things that multiply one of the things
that multiply well there are a lot of investment vehicles out there that
multiply alright you can put your money and there are so many tools that you
could have access to that you can put your money in to help it multiply all
right there are businesses that you can get involved in that will help your
income to multiply alright like the home-based business industry
you get involved in home-based business industry they'll teach you how to build
organization teach you how to market a product or service it's going to help
your business multiply so you're investing your time into it you're
vesting money into it it's going to help help your income to multiply a lot of
people are not investing in things that multiply they're investing in things
that subtract it divided okay and then they wonder why things are out of whack
financially because they look around and they don't have any assets okay no
assets at all that can help them bring in income that all they have is a bunch
of liabilities so assets feed you liabilities take away from you okay now
things that most fun next we're gonna do is invest in multipliers people that
multiply all right a lot of individuals spend too much time around people that
subtracted the violent they're negative they're always going to be negative and
they're not they're not conducive to your planning your goal all right but I
know that's my creating and you know I'm still gonna
hang with them okay you could do that alright but you can't do that and create
well at the same time because your combination of the five people you hang
around the most your income is a combination of the five you talk to and
hang around and listen to the most so no matter how much you think you you you
you'll get to the promised land by hanging around you're the dividers or
subtractors you just want because your brain will be constantly absorbing that
information all you can't do that oh I wouldn't do that if I were you or you or
you go to another beating or you read another book or and your brain even
though you make that you do blocking it out your brain is soaking it all in and
whatever your brain believes is what brings it that's what it brings you so
you want to invest in people that multiply people who are going to invest
in your life positively people that you decide to work with that all that are
multipliers you give them something to do and then multiply two times five
times ten times doesn't matter okay so you want investing that multiply and
multiply yours I'm not saying that you have to get rid of all your friends but
while you're building you want to put them on a season of separation that's
something I learned from a mentor is putting those people who are not
multipliers on a season of separation if there are some tractors and dividers you
set them over in the corner for a while until you have built up enough strength
mentally to not to know how to deal with them because if you don't they'll mess
everything up okay haha oh just making some since I secret number four okay
all right preparing for economic cycles
I'm Abed getting a little low I prepared for economic cycles i right
everybody's economies whether it's its external or our personal are gonna go
through cycles all right everyone's does and so you want to be able to be ready
for the time where your economies are down here all right
everyone's economies expands and recesses expands and it says expands of
excesses the challenge is is that when they're comedies recess millions of
people many many people recessed with it now this there's a small handful of
people that don't reset right it seems like they can still maintain during
recession why is that it's because they were prepared they were prepared for the
economic cycles all right and then when they're coming start to expand again
they expand with it why is that because when people's economies go down and they
were says well guess what they lose things okay and the people who don't
they buy it up pennies on the dollar right they buy it up and then when the
economy regains all right they make a lot of money okay
so that's what happened people who are prepared for the economic cycle when it
recesses they were says we didn't lose the house they lose the car
they lose everything but those handful of people who were prepared all right
they buy that stuff up $200,000 houses now $30,000 they got on there by the
$30,000 all right that mercedes-benz there's somebody lost to to the repo
they go down and buy that stuff up and guess what the economy they the
accountants will eventually expand again and that now that $30,000 house they
bought is now worth 250 okay and then maybe they keep it or sell it they sell
that house they spent a 200 $20 profit because they they were they were
preparing for the psychos all right so having an
emergency fund is it one way to prepare for the economic economic cycle is that
when things recess you don't recess with it all right and
then there's some other topics of things that you can get involved in and and and
have so so when the cycles when they exit your economies go to the cycles
you'll be ready all right and secret number five is leave and inheritance for
your children's children all right leave it here this for your children's
children this we get into the long term the long term wealth all right leaving
it here this for your children's children and what that means is as the
parent you leave something for the grandkids
all right you leave a house money a trust for the grandchildren that way
your kids they they don't have to be stressed out about how they're gonna
help their children as they get over so if you leave a house let's say you leave
a way for your grandkids to have a house all right you leave a house or two okay
and this is all set up they have a house already set up somewhere paid for it's
done or getting paid on or what happened when the parents who are raising the
children when the children get older in the back amount of it okay at least
there are two houses for the children to move into when they get over if they
want to move out it there's a house ready college Commons is expensive and
if you choose you want to see your kids at school it's expensive well as the
grand parent if you're a parent and you have kids eventually your kids will have
kids have something set up for the grandkids you know if you had $300,000
set up for the grand is a trust fund when it's College time
the parents are like whoo that 300,000 that $3,000 percent for the kids with it
takes the stress off of parenting for your work for your kids so I'm a parent
I have kids I'm preparing for their children all right so when they when
they start having children they're gonna be okay there's something right there's
something available for it for the kids now I have four children four daughters
of course nothing of them to be divided up in fours but they know that hey this
is something's gonna help us as we raise our children
okay so you want to leave an inheritance for your children's children and then
then now the grandbabies move into the house right now which one of those
grandbabies do is pay the family back all right every month they pay the
family back right and over ten years they paid they pay the house saw because
they got the husband grandkids now they pay the family back to get ready what
for the next generation right because they got the house they paid the money
back and then then they start having chips guess what they're gonna do
they're gonna do the same thing for their grandchildren and then that cycle
just continues on this is how you have long-term wealth I'm just I hope
somebody's listening okay so
all right so hope that helps somebody hope you got a lot out of that all right
Marlin heard the value near the five will see Goes Down you get access to
this training there's a link somewhere with this video click on that link it's
gonna take you to where you can actually pick up the foil seekers training or
you'll have you also visit us you want to start practicing it I'm telling you
it's going to change your life all right so Mall of the valley near be connected
you soon Credit repair programs that work Credit repair programs that work fast Credit repair programs that work now Credit repair programs that work quickly Credit repair programs that work to remove student loans Credit repair programs that work to remove bankruptcy Credit repair programs that work to remove negative accounts Credit repair programs that work to remove inquiries best wealth creation ideas what is wealth and how is it created wealth creation mentors and coaches
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