Latest / The Table with Anthony ONeal / Financial Advisor Warns: 7 Money Lies You Still Believe (That's Keeping You Broke)

Transcript

Financial Advisor Warns: 7 Money Lies You Still Believe (That's Keeping You Broke) · The Table with Anthony ONeal

0:00
[SPEAKER_00]: Your parents didn't lie to you on purpose.
0:03
[SPEAKER_00]: But what they taught all of us about money, I firmly do believe this older generation is the reason why it's keeping some of us broke.
0:13
[SPEAKER_00]: And today's episode, I'm gonna try to prove it with numbers, not with opinion.
0:20
[SPEAKER_00]: Because 67% of Americans are living paycheck to paycheck as of 2025.
0:25
[SPEAKER_00]: The numbers have not been updated for 2026 yet.
0:27
[SPEAKER_00]: So this means,
0:29
[SPEAKER_00]: that most people are one emergency away from a financial disaster.
0:34
[SPEAKER_00]: This is going to be one car repair, one late paycheck, and it all comes crashing down if we miss it.
0:42
[SPEAKER_00]: And here's the thing that nobody, I believe, nobody really wants to say out loud, that people are honestly working hard.
0:50
[SPEAKER_00]: And if I'm going to be real today on today's episode, I'm going to probably going to offend some people, but this is real.
0:56
[SPEAKER_00]: I believe all people are working hard, but my people, black people, minority people, I believe we are some of the hardest working people.
1:03
[SPEAKER_00]: We're working two jobs, three jobs, side hustles, being a mom of four times, being a spouse full of time, and we're still broke on the 15th.
1:11
[SPEAKER_00]: That's not a work ethic problem.
1:14
[SPEAKER_00]: That is honestly a strategy and a playbook problem.
1:18
[SPEAKER_00]: And today, I'm going to be breaking down the seven biggest money lives that has been passed down from generations to generations, from the dinner table, in the church pew at graduation, in conversations with Grandma Grandpa, and I'm going to give you the truth that replaces each one, the truth that set me free, because I need you to stay until lie number seven, because that one.
1:41
[SPEAKER_00]: Nobody in the church is talking about it.
1:44
[SPEAKER_00]: Nobody.
1:45
[SPEAKER_00]: And it might be the most dangerous lie of them.
1:50
[SPEAKER_00]: Oh, I'm gonna get straight into it, cause I'm excited about today's show.
1:52
[SPEAKER_00]: I've been praying about this when I was like, man, God, I don't wanna offend my parents.
1:56
[SPEAKER_00]: I don't wanna offend nobody's parents.
1:57
[SPEAKER_00]: Nobody's families and was loved ones, but I gotta address it so my people can be better.
2:01
[SPEAKER_00]: Here's lie number one, work hard.
2:05
[SPEAKER_00]: keep your head down.
2:06
[SPEAKER_00]: Stay loyal to your job.
2:09
[SPEAKER_00]: Stay loyal to a man or woman who really don't care about you.
2:15
[SPEAKER_00]: And everything will work outside.
2:17
[SPEAKER_00]: Everything will work out, daughter.
2:19
[SPEAKER_00]: That's what we were told.
2:21
[SPEAKER_00]: That's what our parents lived by and family.
2:24
[SPEAKER_00]: People are working hard.
2:27
[SPEAKER_00]: We hear what the data says.
2:36
[SPEAKER_00]: up from 63% and 2024.
2:39
[SPEAKER_00]: And nearly 24% of US households spend 95% or more of their income just on essentials.
2:46
[SPEAKER_00]: This is going to be your rent, food, gas, child care.
2:51
[SPEAKER_00]: And 59% of Americans cannot even cover a $1000 emergency from their savings account.
2:58
[SPEAKER_00]: So we're one bird emergency, one car repair, one hospital visit, and it all comes this crashing down.
3:06
[SPEAKER_00]: And remember calling the bank to check my balance before I could even put gas in my car?
3:13
[SPEAKER_00]: I remembered those days.
3:15
[SPEAKER_00]: I had $6.32 to my name.
3:18
[SPEAKER_00]: That was all the money I had to Anthony O'Neill, but check this out.
3:23
[SPEAKER_00]: I was getting up every single day and since it clocked me to work by eight o'clock.
3:27
[SPEAKER_00]: I was working from eight o'clock to five o'clock every single day.
3:31
[SPEAKER_00]: I was showing up.
3:33
[SPEAKER_00]: I had the work ethic, but I didn't have a plan and or a strategy that complimented my work ethic.
3:40
[SPEAKER_00]: Hard work.
3:42
[SPEAKER_00]: Without a system, just means you're exhausted and still live in paycheck to paycheck.
3:48
[SPEAKER_00]: And here's the truth.
3:50
[SPEAKER_00]: Heartwork, watch this is the engine, but the plan is the GPS.
3:56
[SPEAKER_00]: You cannot have one without the other because you honestly need both.
4:01
[SPEAKER_00]: You honestly need both.
4:04
[SPEAKER_00]: Is this making sense?
4:07
[SPEAKER_00]: And my starting off making sense already?
4:09
[SPEAKER_00]: Because here's the thing,
4:13
[SPEAKER_00]: If you're a part of my community, I will say 90% of you all are busting your butts.
4:19
[SPEAKER_00]: But do you have the right plan?
4:22
[SPEAKER_00]: No, we don't talk about it.
4:25
[SPEAKER_00]: Here's lie, lie number two.
4:27
[SPEAKER_00]: You're just paying somebody else's mortgage.
4:32
[SPEAKER_00]: You need to buy, build equity.
4:35
[SPEAKER_00]: That's how you build wealth.
4:36
[SPEAKER_00]: Family, I hear this at every cookout.
4:39
[SPEAKER_00]: I hear this all over TikTok.
4:41
[SPEAKER_00]: I hear it at every single family reunion.
4:43
[SPEAKER_00]: I hear it at Thanksgiving table.
4:45
[SPEAKER_00]: But let me show you what the data actually says.
4:48
[SPEAKER_00]: You see, in 2025, 2025, I believe.
4:49
[SPEAKER_00]: Yeah, 2025, the median home price hit over a little over $400,000.
4:55
[SPEAKER_00]: So that is roughly five times the median household income.
4:59
[SPEAKER_00]: In 1990, home for closer to three times the income.
5:04
[SPEAKER_00]: So the ratio is gone.
5:06
[SPEAKER_00]: 74.0, this rounded up to about 75% of US households cannot afford a median priced new home under standard underwriting rules.
5:16
[SPEAKER_00]: You now need roughly $141,000 in household income to just qualify.
5:23
[SPEAKER_00]: And for renters, Harvard found a record of 22.6 million renter household household spending more than 30% of income on rent and utilities.
5:35
[SPEAKER_00]: Over 12 million spending more than 50%.
5:38
[SPEAKER_00]: Now, let me be honest with you, about something personal.
5:44
[SPEAKER_00]: I bought my very first home in Columbia, Tennessee.
5:48
[SPEAKER_00]: It's roughly right around $300,000.
5:50
[SPEAKER_00]: It was a custom build.
5:52
[SPEAKER_00]: This is right around the time that I was engaged to an amazing woman.
5:56
[SPEAKER_00]: I still believe that Max Fiancet was an amazing woman.
5:59
[SPEAKER_00]: She just wasn't my wife.
6:01
[SPEAKER_00]: So I said, man, I wanted to move her into a home that was built specifically for her.
6:09
[SPEAKER_00]: And if I'm being real with you,
6:12
[SPEAKER_00]: I was simply trying to impress her.
6:14
[SPEAKER_00]: I wanted to let her know that you're not coming into no broke man, and I'm gonna take good care of you.
6:22
[SPEAKER_00]: But here's a truth.
6:25
[SPEAKER_00]: I should not have built that home.
6:27
[SPEAKER_00]: The plan, the right plan would have been, I said about our duplex.
6:31
[SPEAKER_00]: me and her live for a couple of years on one side and we ran out the other side and let my tenant pay our mortgage while we lived rent free while we were able to stack that money and go build something amazing and if I would have did that watch this if I would have did that I would have been wealthier today.
6:50
[SPEAKER_00]: had I gone that route because I ended up living in that home by myself because clearly we never got married.
6:55
[SPEAKER_00]: Clearly she never moved in.
6:57
[SPEAKER_00]: Now here is the true home ownership is a wealth building tool because home owners have 40 times the network of renters, 40 times.
7:10
[SPEAKER_00]: But there is a right way and a wrong way.
7:14
[SPEAKER_00]: I firmly believe that you should buy when you are consumer debt-free, or at least the majority of it is going.
7:21
[SPEAKER_00]: Because when you have a fully-funded emergency fund and when you can actually afford it, a dream does not become a nightmare.
7:31
[SPEAKER_00]: You shouldn't be buying a home because your mama says so.
7:33
[SPEAKER_00]: You shouldn't be buying a home because TikTok says, you're racing money by renting and paying off someone else's mortgages.
7:39
[SPEAKER_00]: But here is the truth.
7:40
[SPEAKER_00]: I have seen people's dreams
7:43
[SPEAKER_00]: turn into nightmares because they were not properly ready because they didn't follow the plan.
7:48
[SPEAKER_00]: Here's lie number three.
7:50
[SPEAKER_00]: And as an HBCU professor, I can say this.
7:54
[SPEAKER_00]: Son and daughter, you've got to go to college, you've got to get that degree.
7:58
[SPEAKER_00]: It doesn't matter how much it costs.
8:01
[SPEAKER_00]: It'll pay for itself.
8:03
[SPEAKER_00]: Family, we've told and we're telling our kids this.
8:07
[SPEAKER_00]: And now we have a generation,
8:13
[SPEAKER_00]: for degrees that aren't even paying what we promise they would be.
8:18
[SPEAKER_00]: I'm saying this as an HBCU professor.
8:22
[SPEAKER_00]: Here's the data.
8:22
[SPEAKER_00]: 27% of college grads say student loans delayed buying a home by average of 10 years.
8:30
[SPEAKER_00]: 10 years.
8:35
[SPEAKER_00]: Graduates over estimated they're starting salaries by about I think it's 30 to 33 percent.
8:43
[SPEAKER_00]: So that's roughly $170,000 they expected to make that they never ever saw.
8:50
[SPEAKER_00]: And 42% of borrowers are making trade-offs between loan payments and basic needs like rent and food.
8:57
[SPEAKER_00]: And 20% are already delinquent or in default.
9:01
[SPEAKER_00]: Here's the truth.
9:02
[SPEAKER_00]: I dropped out of college.
9:05
[SPEAKER_00]: And I'm not saying don't go, because I'm actually back in school myself right now getting my doctorate.
9:11
[SPEAKER_00]: I finished my bachelor's.
9:12
[SPEAKER_00]: I finished my master's.
9:14
[SPEAKER_00]: But here's what I'm saying.
9:15
[SPEAKER_00]: You gotta go with a plan.
9:18
[SPEAKER_00]: don't go to your mom and dad's, you know, school that they went to, don't go to players in the fraternity or sorority at your mom and dad pledged into.
9:26
[SPEAKER_00]: You got to go with the plan and the strategy and you got to know what you're getting into.
9:31
[SPEAKER_00]: You need to know the cost and you need to know what it actually pays, but you cannot go just because you were supposed to.
9:38
[SPEAKER_00]: And parents, let me tell you this now.
9:40
[SPEAKER_00]: We're going to dive into this.
9:42
[SPEAKER_00]: Here is the truth.
9:43
[SPEAKER_00]: Education is an investment.
9:45
[SPEAKER_00]: and you've got to treat it like one.
9:47
[SPEAKER_00]: So you need to sit down with your son and what you're doing with your children and calculate the return before you send them off to school.
9:54
[SPEAKER_00]: You've got to ask yourself this question, will this education pay for itself within 12 months after my son or daughter graduates?
10:03
[SPEAKER_00]: If the answer is yes, you pursue it.
10:06
[SPEAKER_00]: If the answer is I don't know or a note, I strongly strongly question it.
10:12
[SPEAKER_00]: Because the reason why it took me so long to go back.
10:16
[SPEAKER_00]: is because I said, I wanna make sure that the education will help me.
10:20
[SPEAKER_00]: So now that I'm on my own, now that I'm no longer with the Guru to general, I believe in a financial space of Dave Ramsey, I needed to make sure that people knew I'm not out here just regurgitating content.
10:31
[SPEAKER_00]: No, no, no, I'm going to school.
10:33
[SPEAKER_00]: I'm getting the education.
10:34
[SPEAKER_00]: I have a degree in this.
10:36
[SPEAKER_00]: And that's why I'm at Regent University which I believe is the best Christian University in America.
10:43
[SPEAKER_00]: And that they have a lot of degrees.
10:46
[SPEAKER_00]: They help you get a job.
10:47
[SPEAKER_00]: They give you position and ready to perform on your job based upon religion, Christianity, and based upon what I would say is actual skills that will help you do it.
10:58
[SPEAKER_00]: By this time next year, if everything goes well, I will be graduating with my doctorate.
11:03
[SPEAKER_00]: I will be Dr. Anthony O'Neill with a doctorate degree in finance and investing and MBA in a church management and a bachelor's degree in finance as well.
11:13
[SPEAKER_00]: As a matter of fact, I want you because if you seriously are interested in going back to school and you want to do it the right way with the right plan and the right strategy, check out this quick ad from my friends at Region University.
11:25
[SPEAKER_00]: If you ever thought about going that school, but life, money, or fear got in a way, this is your moment.
11:32
[SPEAKER_00]: I've partnered with Regent University at top Christian University to give away real scholarship money.
11:38
[SPEAKER_00]: Including, watch this, a shot at $10,000 in the black scholarship, and a $500 scholarship just for signing up, but listen.
11:49
[SPEAKER_00]: This isn't just about a degree.
11:50
[SPEAKER_00]: It's about changing your whole financial future.
11:54
[SPEAKER_00]: because here's the truth.
11:56
[SPEAKER_00]: Research does show that finishing your degree can add over one million dollars to your lifetime earnings.
12:03
[SPEAKER_00]: Instead of one one million dollars to your lifetime earnings.
12:06
[SPEAKER_00]: That's not hype, that is one hundred percent fat.
12:09
[SPEAKER_00]: And every year you wait is money left on a tape money that could be building generational wealth for children's children.
12:16
[SPEAKER_00]: And it's not just about the paycheck.
12:18
[SPEAKER_00]: People with degrees have more job security, more career options, and more leverage to move up or switch fields when they want.
12:25
[SPEAKER_00]: Not just when they have to, let's just be honest.
12:28
[SPEAKER_00]: If we continue learning, we continue evolving.
12:30
[SPEAKER_00]: And we continue to take care of our number one business, which is our mind.
12:34
[SPEAKER_00]: Listen, in today's world, employers are looking for people with specialized skills and the confidence to lead college grass are less likely to be unemployed.
12:44
[SPEAKER_00]: and they're more likely to get promoted, negotiate higher salaries and build powerful networks that open doors for years to come.
12:51
[SPEAKER_00]: Region University gets it.
12:53
[SPEAKER_00]: They offer flexible faith-based programs designed for your real life.
12:57
[SPEAKER_00]: So you can balance work, family, your business, and your calling.
13:02
[SPEAKER_00]: And it would be surrounded by a community that cares about the purpose, not just the GPA.
13:07
[SPEAKER_00]: So don't let another year go by leaving money and purpose on the table.
13:13
[SPEAKER_00]: I want to visit regent.edu forward slash anthening right now.
13:19
[SPEAKER_00]: Come join me.
13:20
[SPEAKER_00]: I'm in my DBA program, getting my doctor there.
13:22
[SPEAKER_00]: Again, that is regent.edu forward slash anthening and take your seat at the table with me at regent university.
13:31
[SPEAKER_00]: Let's build something bigger together.
13:33
[SPEAKER_00]: Your future self, I promise you, I just want to thank you.
13:36
[SPEAKER_00]: All right, let's get to the show.
13:38
[SPEAKER_00]: Check them out.
13:39
[SPEAKER_00]: All right, now here's line number four.
13:41
[SPEAKER_00]: Just put a little something, something, away.
13:44
[SPEAKER_00]: Even if it's just 20 hours a month, you'll be all right.
13:48
[SPEAKER_00]: Family, I love the heart behind this advice.
13:50
[SPEAKER_00]: But a little quote unquote is not a strategy.
13:55
[SPEAKER_00]: 27% of US adults have zero emergency savings.
13:58
[SPEAKER_00]: Zero, nothing in their account.
14:00
[SPEAKER_00]: Only 41% could cover a $1,000 emergency from savings.
14:05
[SPEAKER_00]: And the median emergency fund balance dropped from about $10,000 to $5,000 in just one year.
14:12
[SPEAKER_00]: And here's what nobody tells you.
14:13
[SPEAKER_00]: If your money is sitting in a regular savings account making 0.4% interest, while inflation is running at 3%, you're not saving.
14:22
[SPEAKER_00]: You're slowly going broke with a false sense of security.
14:26
[SPEAKER_00]: And here is the truth.
14:27
[SPEAKER_00]: You need one month of your net pay in a high yield saves account as your starting buffer.
14:33
[SPEAKER_00]: Not a little, not whatever's left over, a specific number in the right account earning real interest.
14:41
[SPEAKER_00]: earning anywhere between three to five percent.
14:44
[SPEAKER_00]: And if you have over six figures with some of you all will have it, you can get up to six percent or more.
14:49
[SPEAKER_00]: That's the foundation.
14:51
[SPEAKER_00]: And speaking of your money actually working for you before we get into the next three laws, I want to talk to you about something that directly connects to everything we just covered.
15:02
[SPEAKER_00]: Check this out with me.
15:03
[SPEAKER_00]: There's a family.
15:05
[SPEAKER_00]: If your savings account is earning less than 1% you're literally donating money back to the bank.
15:10
[SPEAKER_00]: You see, traditional savings accounts are paying pennies.
15:13
[SPEAKER_00]: While high-year savings accounts are paying dollars
15:21
[SPEAKER_00]: I want to get real with you here real quick.
15:24
[SPEAKER_00]: When $10,000 a regular bank might pay you $40 a year, but a top high yield savings account that's $400 to $500 a year just for moving your money.
15:35
[SPEAKER_00]: That's hundreds of extra dollars in your pocket.
15:38
[SPEAKER_00]: No extra work, no risk, and your money stay safe, and FDIC ensure.
15:43
[SPEAKER_00]: Nearly one in four Americans have zero emergency savings, and most who do are missing out on free money.
15:51
[SPEAKER_00]: By leaving their cash and lazy accounts, the highest savings account is the fastest, simplest upgrade you can make to hit your emergency fund and short-term goals faster.
16:03
[SPEAKER_00]: So, listen, stop letting your heart earn dollars stay lazy.
16:07
[SPEAKER_00]: Visit anthonyonil.com for SaaS savings, compare the best high-year save as accounts and open yours in literally two minutes.
16:15
[SPEAKER_00]: Every extra dollar interest gets you closer to financial freedom, so please do not wait.
16:21
[SPEAKER_00]: Don't let another year go by earning pennies.
16:24
[SPEAKER_00]: Go to anthonyonil.com for SaaS savings, let your money start working for you today.
16:31
[SPEAKER_00]: All right, let's keep that to the show.
16:32
[SPEAKER_00]: All right, so let's keep back into it because lie number seven is the one I've been waiting to get to all right, so let's get to lie number five pay off your house and you're all set That's your your nest egg that that's your retirement family will be real with you your house is an asset But it's not a liquid asset.
16:52
[SPEAKER_00]: You cannot eat your equity You cannot pay medical bills with your square footage
17:00
[SPEAKER_00]: The typical mortgage payment on a median existing home is about $2,500 a month in 2025.
17:05
[SPEAKER_00]: That requires income of at least 126 plus $1,000 a year just to afford it under traditional guidelines.
17:13
[SPEAKER_00]: If your house is your only retirement plan, you are one health crisis, one job loss, one bad season away from losing everything.
17:22
[SPEAKER_00]: and here is the truth.
17:24
[SPEAKER_00]: Your house should be one part of your wealth plan, not the entire wealth plan.
17:29
[SPEAKER_00]: You need to be investing 12% to 15% of your income so your money is working in multiple places.
17:35
[SPEAKER_00]: Not just sitting in the four walls, because you cannot, if you're hungry, you can't use that to go to the grocery store to buy your groceries.
17:42
[SPEAKER_00]: You cannot expect to just have liquid cash.
17:46
[SPEAKER_00]: Now you need to invest beyond your house.
17:49
[SPEAKER_00]: Let's talk about law number six, some of y'all ain't going to like this one, but it's all good.
17:55
[SPEAKER_00]: Law number six, get your credit score up, get your credit score up to 800.
18:00
[SPEAKER_00]: That's how you know you're doing well financially.
18:05
[SPEAKER_00]: Get a 740 or above.
18:06
[SPEAKER_00]: That's the goal.
18:08
[SPEAKER_00]: Now, let me tell you what your credit score actually means.
18:12
[SPEAKER_00]: It measures one thing and it's not your
18:17
[SPEAKER_00]: The one thing that measures is how good are you at barring money and paying it back?
18:24
[SPEAKER_00]: That's it.
18:25
[SPEAKER_00]: It does not measure your net worth.
18:27
[SPEAKER_00]: It doesn't even know how much money you have in your bank account.
18:29
[SPEAKER_00]: It does not measure your savings.
18:32
[SPEAKER_00]: It does not measure whether your family is financially free, whether your kids can go to college, financially free, whether you're gonna pass down in inheritance to your children's children.
18:41
[SPEAKER_00]: Every time I think about this,
18:44
[SPEAKER_00]: Some can have a 780 credit score, have zero in the bank, and live in paycheck to paycheck.
18:55
[SPEAKER_00]: Americans carry an average of $30,000 in plus dollars and nine mortgage debt per adult.
19:01
[SPEAKER_00]: Total credit card debt is right amount of $1.2 trillion in the first quarter of last year.
19:07
[SPEAKER_00]: Trillion, the system wants all of us obsessed with our credit score.
19:12
[SPEAKER_00]: because a good credit score means you're a good borrower.
19:17
[SPEAKER_00]: A good borrower makes banks rich.
19:21
[SPEAKER_00]: I am not trying to be paying out all this interest and building bankers children's children for financial freedom.
19:29
[SPEAKER_00]: I'm trying to make my children rich.
19:31
[SPEAKER_00]: I'm trying to help you become rich.
19:33
[SPEAKER_00]: And here is the guy on his truth.
19:36
[SPEAKER_00]: The number that actually matters is your net worth with your credit score.
19:41
[SPEAKER_00]: So I'm not saying your credit score doesn't mean nothing, because if we have a low credit score, and then that means we're gonna be paying out more answers when we go to buy assets.
19:51
[SPEAKER_00]: But if you have a high credit score, you don't have no money.
19:54
[SPEAKER_00]: You're not gonna be really buying a good quality house.
19:57
[SPEAKER_00]: So I really want you to focus on your net worth and keep in your credit score.
20:03
[SPEAKER_00]: Earn your leisurely with this assets, over liabilities, assets, minus liabilities, that's the scoreboard for me.
20:13
[SPEAKER_00]: That's what we're building.
20:14
[SPEAKER_00]: We're building financial freedom with the score that doesn't hurt us.
20:20
[SPEAKER_00]: Now I want to get to line number seven.
20:25
[SPEAKER_00]: And before I go here, I really want to set this up.
20:28
[SPEAKER_00]: I am not a pastor while I am ordained, and while I have a degree from the number one theological seminary school in the world for genuine university.
20:38
[SPEAKER_00]: While I've had the opportunity to sit up on any of some of the best preachers in the world and learn from them.
20:49
[SPEAKER_00]: Study though.
20:52
[SPEAKER_00]: I still have to say this.
20:55
[SPEAKER_00]: because we see this a lot.
20:56
[SPEAKER_00]: And here's a lot number seven.
20:58
[SPEAKER_00]: I am waiting on the Lord.
21:01
[SPEAKER_00]: God is going to bless me tremendously.
21:05
[SPEAKER_00]: Just pray and trust God.
21:08
[SPEAKER_00]: Don't worry about how much it costs.
21:10
[SPEAKER_00]: If God got you approved, he'll provide the provision.
21:16
[SPEAKER_00]: Listen, you're on my manifest.
21:18
[SPEAKER_00]: I believe in the power of prayer.
21:20
[SPEAKER_00]: I believe God provides.
21:21
[SPEAKER_00]: And I believe God can do whatever he wants to do.
21:25
[SPEAKER_00]: But I also believe that faith without works is dead and I'm sorry, pastors.
21:30
[SPEAKER_00]: I'm sorry, Christian community.
21:32
[SPEAKER_00]: That is a lie.
21:34
[SPEAKER_00]: That is a lie.
21:35
[SPEAKER_00]: Let me tell you about a night I will never, ever forget.
21:42
[SPEAKER_00]: I was a youth pastor.
21:45
[SPEAKER_00]: And Jacksonville for it.
21:48
[SPEAKER_00]: I literally, during that service, my team and I at that time had an amazing youth conference, probably one of the largest youth ministries in the world, and we had a huge youth conference and on that night, hundreds of teenagers gave their life to Christ at this conference.
22:05
[SPEAKER_00]: I'm talking about kids who are being in drugs and condoms and all kinds of things and dropping them on the altar.
22:12
[SPEAKER_00]: That night almost 300 children, young teenagers gave their life to Christ.
22:18
[SPEAKER_00]: It was one of the biggest and one of the best nights of my life to this day.
22:26
[SPEAKER_00]: I got back to my home late.
22:33
[SPEAKER_00]: flipped on in the light switch, no lights came on.
22:41
[SPEAKER_00]: My electricity was turned off.
22:46
[SPEAKER_00]: And I looked up at the ceiling with everything I had and I said, God, are you serious right now?
22:57
[SPEAKER_00]: You just use me.
23:00
[SPEAKER_00]: and an amazing ministry to lead hundreds of your teenagers to back to you.
23:07
[SPEAKER_00]: Condoms and drugs and this and now was left on an altar.
23:11
[SPEAKER_00]: And this is what I come home to.
23:15
[SPEAKER_00]: To know, like, God, I prayed and we were speaking and tongues and kids was speaking and shouting and running across the church, this is what I come home to.
23:24
[SPEAKER_00]: No, like.
23:29
[SPEAKER_00]: And I heard God say to send me in my spirit strong.
23:33
[SPEAKER_00]: Is it broad and turn off your lights?
23:37
[SPEAKER_00]: You did.
23:39
[SPEAKER_00]: I felt that hit my gun.
23:42
[SPEAKER_00]: But because Anthony, you're not being a good steward of what I gave you.
23:47
[SPEAKER_00]: You chose to spend your money somewhere else rather than pay your bills.
23:50
[SPEAKER_00]: You're driving a car that possibly you should not be driving.
23:54
[SPEAKER_00]: You're trying to impress people, you're probably should not be impressing because you're a quote-unquote pastor.
23:58
[SPEAKER_00]: So you want to look like what a quote-unquote pastor should look like.
24:02
[SPEAKER_00]: But you don't even know the hell financially, those passes are going through.
24:06
[SPEAKER_00]: So you're mimicking human beings and you're not listening to my word.
24:13
[SPEAKER_00]: That night changed everything for me.
24:17
[SPEAKER_00]: everything for me because I've heard people say I'm praying God's going to bless me with their home.
24:24
[SPEAKER_00]: I'm waiting on the Lord to provide if God can get me a proof God's going to send me a way to pay for it.
24:31
[SPEAKER_00]: If I got a proof for a car and I got to come up with $5,000 down and pay $1,000 a month and it only made $50,000 a year but that's God's sign that he wants me to have a car.
24:41
[SPEAKER_00]: So God won't bring provision but here's my stance.
24:45
[SPEAKER_00]: If it requires a miracle for you to pay your mandatory bills, you're not on the right path.
24:54
[SPEAKER_00]: If you're using faith as an excuse to avoid doing the work, to avoid budgeting, to avoid living below your means, Jesus said in Luke, I think, chapter 14.
25:05
[SPEAKER_00]: Suppose one of you wants to build a tower.
25:16
[SPEAKER_00]: A.K.A.
25:16
[SPEAKER_00]: would you not sit down and look at your budget aside in the black app and see, hey, can I afford this?
25:23
[SPEAKER_00]: That's not a prosperity preacher.
25:25
[SPEAKER_00]: That's Jesus telling you to make a budget.
25:30
[SPEAKER_00]: Because I firmly do believe God blesses those who stewards well, not spectators.
25:44
[SPEAKER_00]: God also gave you a brain, a budget, and a GPS, aka a strategy.
25:51
[SPEAKER_00]: And if we're gonna be good stewards, we got to use all three of them.
25:55
[SPEAKER_00]: Faith plus work plus a plan.
25:59
[SPEAKER_00]: That's the life God designed for all of us.
26:04
[SPEAKER_00]: And here's the real truth.
26:05
[SPEAKER_00]: Here's what I want you to walk with, walk away with today.
26:10
[SPEAKER_00]: Your parents, your loved ones,
26:14
[SPEAKER_00]: The people who told us these lies, they weren't to enemy.
26:19
[SPEAKER_00]: The system was, and the system still is today.
26:23
[SPEAKER_00]: Our parents and my parents only taught me what they knew and what they were taught.
26:29
[SPEAKER_00]: But in 2026, we know better.
26:31
[SPEAKER_00]: The problem is, we don't know what is actually truth.
26:34
[SPEAKER_00]: We got TikTok, we got so many financial experts who don't have degrees, who don't have certifications, who don't have education, giving their thoughts and opinions and calling themselves financial experts.
26:45
[SPEAKER_00]: We got Instagram.
26:46
[SPEAKER_00]: We got everyone on YouTube and podcasts.
26:48
[SPEAKER_00]: Everyone is an expert in these things.
26:50
[SPEAKER_00]: And this is one of the reasons why I said, yo, I want to go back to school.
26:53
[SPEAKER_00]: And this is why some of you all are saying, man, your content has changed so much from day ramsy days.
26:57
[SPEAKER_00]: And I'm like, oh, listen, I still believe to this day 100% that the seven baby steps work because the seven baby steps work for me.
27:05
[SPEAKER_00]: So when I hear people say, oh, don't listen to day ramsy, first off, I'll look at you.
27:09
[SPEAKER_00]: My very first question is, what's your net worth?
27:13
[SPEAKER_00]: at this stage of my life when my net worth is in the seven figures.
27:17
[SPEAKER_00]: When we've built a multiple seven figure business, I have team members on my thing.
27:21
[SPEAKER_00]: I will still not hear, sit here and say, his plan doesn't work.
27:26
[SPEAKER_00]: No, now how about change my philosophy on certain things?
27:30
[SPEAKER_00]: Absolutely.
27:31
[SPEAKER_00]: I'm Anthony O'Neill.
27:31
[SPEAKER_00]: I'm run my own business.
27:34
[SPEAKER_00]: But I still honor and respect the man that has helped change so many family trees.
27:39
[SPEAKER_00]: I can't, I can't not count.
27:42
[SPEAKER_00]: On one hand, how many other financial experts has helped that many people that he and his company and those amazing personalities over there have done?
27:52
[SPEAKER_00]: No, I can't do that.
27:53
[SPEAKER_00]: Now, do I believe we're in a different age and we need to change some things absolutely.
27:57
[SPEAKER_00]: That's why I created it in the black.
27:59
[SPEAKER_00]: That's why we have this skateboard.
28:01
[SPEAKER_00]: Because things have changed.
28:02
[SPEAKER_00]: And when we know better,
28:04
[SPEAKER_00]: We do better.
28:06
[SPEAKER_00]: There are five phases I want to walk you through when building a financial house that actually works.
28:10
[SPEAKER_00]: I want you to write these down and I talk more about this inside in the black, which is our brand new app that need all of my community members to get into.
28:18
[SPEAKER_00]: And we teach this gate plan in there and literally think of it as your number one money coach holding your accountable to your budget and also a library of financial resources.
28:26
[SPEAKER_00]: But then we give it these quick five phases and let you all go for this episode.
28:30
[SPEAKER_00]: Phase number one, I need you to write your financial vision.
28:33
[SPEAKER_00]: I need you to build your budget.
28:34
[SPEAKER_00]: Get your one month buffer in a high yield savings account.
28:38
[SPEAKER_00]: Now phase number two, because I need you to eliminate all consumer debt using the debt snowball method.
28:43
[SPEAKER_00]: Again, this is the smallest balance first.
28:45
[SPEAKER_00]: Stack your wins and keep going.
28:48
[SPEAKER_00]: Then phase number three is I need you to go back and build your three to six months.
28:52
[SPEAKER_00]: And honestly, right now I'm leaning more towards six months of your net pay in a high yield savings account.
28:56
[SPEAKER_00]: Not just your expenses.
28:58
[SPEAKER_00]: And this is where me and the general
29:01
[SPEAKER_00]: kind of disagree.
29:02
[SPEAKER_00]: I don't want your lifestyle to have to change if life happens, right?
29:09
[SPEAKER_00]: If you want to get six months of your net pay, and let's say you want to cut back to just R.B.
29:14
[SPEAKER_00]: All right, bro, we're going to cut back to just expenses only that six months in extended now probably out to nine months, nine to ten months if your expenses are low.
29:24
[SPEAKER_00]: But one thing I have learned is that when we can have, if our life doesn't have to change,
29:30
[SPEAKER_00]: So I really need you to get the net pay saved and put that inside of Ohio same as the count.
29:34
[SPEAKER_00]: Here's phase four.
29:35
[SPEAKER_00]: I need you investing 12% of your income and two investment accounts, and then also make sure that you're still investing 10% to the local church.
29:43
[SPEAKER_00]: But the 12% to 15% should be inside of a Roth IRA, you 401k, index funds, mutual funds, we need to get to the strategy of making your money work for you.
29:51
[SPEAKER_00]: And in phase five, is that's when we go back to, once we get out of consumer debt, we got a fully funny emergency fund, we got the strategy built towards building wealth,
30:00
[SPEAKER_00]: Build your legacy.
30:01
[SPEAKER_00]: I want you to submit your generation of wealth for your children's children's children's children.
30:06
[SPEAKER_00]: I really want to get back to what the Word of God says.
30:09
[SPEAKER_00]: May we got to get to the positions where we're leaving any inheritance to our children's children.
30:13
[SPEAKER_00]: And that is something that I'm really focusing on right now.
30:15
[SPEAKER_00]: Is that I want to be such a strong person that, man, when I die, my grand children's children know my name.
30:21
[SPEAKER_00]: Listen, this system that has helped thousands over the years of me doing this.
30:31
[SPEAKER_00]: Go from the red to in the black is now inside of that and the system can work for you to no matter where you're starting from.
30:40
[SPEAKER_00]: Over in Proverbs 21 verse 5 it says the plans of the diligent lead to profit.
30:45
[SPEAKER_00]: Watch this.
30:46
[SPEAKER_00]: Not the prayers of the passive.
30:49
[SPEAKER_00]: The plans of the diligent.
30:52
[SPEAKER_00]: You got to make your plan.
30:54
[SPEAKER_00]: You got to remember your plan and you got to work the plan.
30:57
[SPEAKER_00]: and interest God to multiply the plan with Rizos, past the strategy.
31:04
[SPEAKER_00]: If you do not have a budget, and if you're saying Anthony, I have a budget, but I'm not sticking to it.
31:09
[SPEAKER_00]: I need a little bit of help.
31:10
[SPEAKER_00]: I want you to go to Anthonyonio.com for slash app right now and download in the black app.
31:16
[SPEAKER_00]: Take the five minute quiz, get your personalized escape plan strategy.
31:21
[SPEAKER_00]: It's going to take you not even five minutes.
31:23
[SPEAKER_00]: I'll say roughly about three minutes and just stick with me for the next 12 months that I promised you.
31:28
[SPEAKER_00]: We're going to help you get out of the red and into the black.
31:31
[SPEAKER_00]: Listen, do me a favor y'all.
31:33
[SPEAKER_00]: drop in the comments.
31:35
[SPEAKER_00]: Which lie hit you hardest?
31:36
[SPEAKER_00]: Which lie did it that resonated with you today?
31:39
[SPEAKER_00]: And which one did you grow up hearing?
31:42
[SPEAKER_00]: All right, I read every single comment, my team and I, and I want to know.
31:45
[SPEAKER_00]: And thank you for watching this.
31:47
[SPEAKER_00]: I made sure you hit that subscribe button.
31:48
[SPEAKER_00]: We're going to drop all the links that I mentioned today inside the show and side of the show notes.
31:53
[SPEAKER_00]: Share this with the family or a friend.
31:56
[SPEAKER_00]: Because we really want to help man, we got over a million subscribers on YouTube.
32:00
[SPEAKER_00]: Maybe we got major major major downloads on the podcast.
32:02
[SPEAKER_00]: We're going to be announcing something here in the next few weeks.
32:05
[SPEAKER_00]: That's going to change so many of people's lives.
32:09
[SPEAKER_00]: So stay live man.
32:10
[SPEAKER_00]: I'm really really really really excited about it.
32:11
[SPEAKER_00]: I should boy Anthony new I'll see you in the next show