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How Much Money do you Need to Make to be Financially Free? · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security. I
• 1:00
  Speaker 3: got two questions for you.
• 1:01
  Speaker 4: So what what number should everyone be striving to bet
• 1:04
  Speaker 4: on an annual or decade basis? Because if Jalen Brown
• 1:09
  Speaker 4: got three, forty three or four, what would Jameson Tatum
• 1:13
  Speaker 4: get next year when he negotiates staying three fifty.
• 1:17
  Speaker 5: That's what I'm saying is this is this is a
• 1:19
  Speaker 5: it's a it's a unique moment. And we'll talk about
• 1:21
  Speaker 5: Mbope who got turned down seven hundred and seventy six million.
• 1:24
  Speaker 5: But I personally feel like it depends on what It
• 1:29
  Speaker 5: depends on where you live. But if you if you
• 1:32
  Speaker 5: live in a city, I don't know. I just feel
• 1:35
  Speaker 5: like if you make anything, if you live in a
• 1:37
  Speaker 5: city like New York or surrounding areas, I don't I
• 1:42
  Speaker 5: just feel like it's extremely difficult to live if you're
• 1:44
  Speaker 5: making anything over less than one hundred thousand dollars just
• 1:47
  Speaker 5: to live, it's just to live. Yeah, it's going to
• 1:51
  Speaker 5: be extremely difficult.
• 1:53
  Speaker 3: Yeah, that's great.
• 1:54
  Speaker 6: I wrote that number down with my son the other
• 1:56
  Speaker 6: day just because I wanted to give him context of
• 1:59
  Speaker 6: like what one hundred thousand dollars is after taxes, especially
• 2:02
  Speaker 6: in New York after rent. Right, And we just base
• 2:06
  Speaker 6: it off of paying thirty percent. Right, most people say, like,
• 2:09
  Speaker 6: you want to pay around thirty percent of your monthly
• 2:12
  Speaker 6: income should go to your your living, which would bring
• 2:14
  Speaker 6: it down to three thousand dollars. After we did all
• 2:17
  Speaker 6: that in his car, his groceries, his phone bill, he
• 2:19
  Speaker 6: realized he had five hundred dollars so for the month
• 2:24
  Speaker 6: and that was just him as a single person, Like,
• 2:26
  Speaker 6: that's not him with I was like, well, you're going
• 2:28
  Speaker 6: to have a wife or a girlfriend. He was like,
• 2:31
  Speaker 6: we're going to have to We're going to have to
• 2:32
  Speaker 6: figure that out. We're gonna have to eat gee sandwiches.
• 2:34
  Speaker 6: I'm like, well, all right, let's see how long that
• 2:36
  Speaker 6: that that stays around? But like how this stays around?
• 2:39
  Speaker 4: Not long?
• 2:40
  Speaker 3: Yeah?
• 2:40
  Speaker 6: Yeah, So that's what I'm saying, Like one hundred thousand,
• 2:43
  Speaker 6: I'm I think it has to be more. I think
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  Speaker 6: that's like the bare minimum, especially in a state, like.
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  Speaker 4: What number gives you comfort or freedom? Because that twenty
• 2:53
  Speaker 4: eight million numbers that I said to be rich, it
• 2:55
  Speaker 4: does not sound so crazy now.
• 2:57
  Speaker 5: No, well, I think that I think ten million dollar
• 3:00
  Speaker 5: that's been my number as far as to have and
• 3:03
  Speaker 5: to live comfortably on like an annual basis. I think
• 3:07
  Speaker 5: that you got to be pulling in a half a million.
• 3:11
  Speaker 4: Minimum, right, talk and just talk like it's just us.
• 3:15
  Speaker 5: You know.
• 3:16
  Speaker 6: My financial advisor told me this at when I was
• 3:18
  Speaker 6: twenty six years old. You might know him. He's sitting
• 3:20
  Speaker 6: next to me. He's like, look, the number ten million.
• 3:23
  Speaker 6: I was like, what you mean is ten million? He's like,
• 3:24
  Speaker 6: ten million. If you have ten million dollars, if you
• 3:27
  Speaker 6: invest that in a fund and get three percent annually,
• 3:30
  Speaker 6: that's three hundred thousand a year. Can you live off
• 3:32
  Speaker 6: the interest of that? I looked at myself. I was
• 3:35
  Speaker 6: like yeah, and so in my mind, I was like,
• 3:38
  Speaker 6: ten million.
• 3:39
  Speaker 3: It's crazy that you just said that.
• 3:40
  Speaker 6: We ain't prompt that, but that's he told me that
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  Speaker 6: twenty years ago.
• 3:43
  Speaker 5: Ten millions always been my number. Ten millions always be
• 3:45
  Speaker 5: my number. But I also, I don't want to discourage
• 3:48
  Speaker 5: people because I don't want to seem like, you know,
• 3:49
  Speaker 5: I know obviously most people don't have ten million dollars.
• 3:52
  Speaker 5: People aren't making five hundred thousand dollars a year. So
• 3:54
  Speaker 5: I'm not I'm not trying to discourage you by saying
• 3:59
  Speaker 5: these numbers. I mean, you asked me a question, so
• 4:01
  Speaker 5: I just I just give the honest answer. You just
• 4:03
  Speaker 5: got to answer it. And this is why marriage is important, right,
• 4:06
  Speaker 5: because it's like, Okay, you might you might make two hundred.
• 4:09
  Speaker 5: Your spouse might make three. Now that's five hundred right,
• 4:11
  Speaker 5: where it's easier for two people to make five hundred
• 4:13
  Speaker 5: thousand and it is for one person make five hundred thousand.
• 4:16
  Speaker 5: But yeah, I mean, I just I just gotta be
• 4:18
  Speaker 5: honest with you because I just don't see that. Obviously,
• 4:22
  Speaker 5: if you live in and wyom me a different things
• 4:23
  Speaker 5: that nature and you know, it's a lot different. But
• 4:26
  Speaker 5: I just I just don't see it happening. And I see,
• 4:30
  Speaker 5: I know people that make two fifty that you know
• 4:32
  Speaker 5: are living paycheck to paycheck, and you know, it's like,
• 4:34
  Speaker 5: you know, it's different. Live in Washington, DC and you
• 4:37
  Speaker 5: know something like that where it's extremely high cost of
• 4:41
  Speaker 5: living Francisco.
• 4:44
  Speaker 6: This episode is brought to you by P and C Bank.
• 4:46
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• 5:01
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• 5:27
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• 5:28
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• 5:30
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• 6:34
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 6:37
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 6:42
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 6:46
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 6:50
  Speaker 1: some of the heinous migrant criminals caught because of President
• 6:54
  Speaker 1: Donald J.
• 6:54
  Speaker 2: Trump's leadership.
• 6:55
  Speaker 1: I'm Christine Nohm, the United States Secretary of Homeland Security.
• 6:59
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 7:03
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 7:07
  Speaker 1: aliens have been arrested. If you were here illegally, your
• 7:11
  Speaker 1: next you will be fine nearly one thousand dollars a day,
• 7:14
  Speaker 1: imprisoned and deported, you will never return. But if you
• 7:18
  Speaker 1: register using our CBP home app and leave now, you
• 7:22
  Speaker 1: could be allowed.
• 7:23
  Speaker 2: To return legally. Do what's right. Leave now.
• 7:27
  Speaker 1: Under President Trump, America's laws border and families.
• 7:31
  Speaker 2: Will be protected.
• 7:32
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 7:35
  Speaker 5: La la la, you know it's it's tough, and it's
• 7:40
  Speaker 5: and the sad thing about it is only getting worse.
• 7:43
  Speaker 5: We see inflation is going up like it's only getting worse.
• 7:47
  Speaker 5: So this is why when you watch Market Mondays.
• 7:49
  Speaker 6: And places are going down, interest rates going up.
• 7:51
  Speaker 5: Over the course of time, inflation is always going to
• 7:53
  Speaker 5: go up. Yeah, it's always going to go up. So
• 7:56
  Speaker 5: it might go down short term, but over the course
• 7:58
  Speaker 5: of time ten years from now, inflation is a dollar
• 8:00
  Speaker 5: today is not going to be worth a dollars ten years.
• 8:03
  Speaker 5: So it's like you know, when you watch Market Monday's
• 8:05
  Speaker 5: part of this is you have to figure out how
• 8:08
  Speaker 5: to earn money, business and all of that. This is
• 8:11
  Speaker 5: what we provide during earning your leisure time. But Market
• 8:13
  Speaker 5: Monday is another part of it is this is why
• 8:15
  Speaker 5: it's important to invest money. You have to because you
• 8:17
  Speaker 5: have to have your money working for you and your money.
• 8:19
  Speaker 5: That's another stream really of revenue that is growing through
• 8:25
  Speaker 5: income that can be provided through investments, stock market, real estate, crypto,
• 8:30
  Speaker 5: different things in that nature. So it's important to learn
• 8:33
  Speaker 5: these things because if you're not educated properly and you
• 8:36
  Speaker 5: don't know how to invest, and you don't have a business,
• 8:40
  Speaker 5: I don't I don't know how you ever reach any
• 8:42
  Speaker 5: level of financial freedom, and that's that's not a good place.
• 8:49
  Speaker 5: That's not a good place to be in.
• 8:53
  Speaker 4: I mean, while I'm tearing through the pages, hold cover
• 8:55
  Speaker 4: this up real quick for those who need to recommendation bearings.
• 8:59
  Speaker 3: It's a good RESO.
• 9:00
  Speaker 4: Wall Street Journal Money Master the game I've talked about before.
• 9:04
  Speaker 4: Go through this information every day as you're seeing it, Like,
• 9:07
  Speaker 4: and this is what I was saying last week about Disney.
• 9:10
  Speaker 4: If one of the greatest media companies in the history
• 9:13
  Speaker 4: of America is having some trouble, you don't think the
• 9:17
  Speaker 4: individuals are having trouble, Like, that's what I'm posing to
• 9:20
  Speaker 4: the audience. Like I know that the perception on Instagram
• 9:23
  Speaker 4: is everybody's balling. Everybody's okay, no one has any financial concerns.
• 9:28
  Speaker 4: Trust me. If Bob Ig republicly is going on TV
• 9:31
  Speaker 4: and say hey may have to sell off ESPN, they're
• 9:34
  Speaker 4: not doing so because they haven't looked at every resource
• 9:37
  Speaker 4: possible and how to get ESPN to be profitable. So
• 9:40
  Speaker 4: if they're having trouble, the average person is having troubles
• 9:44
  Speaker 4: and they're home even Like when I had a conversation
• 9:46
  Speaker 4: with my mom and Dad too, Like they were having
• 9:49
  Speaker 4: a conversation with me about the Katy thing too, and
• 9:52
  Speaker 4: I was like, yo, you got to make the pivot
• 9:54
  Speaker 4: to be prominent in a head fun space because who
• 9:56
  Speaker 4: knows when that door is going to close.
• 9:58
  Speaker 6: I can't take for.
• 9:59
  Speaker 4: Granted that that opportunity will be there, or any other
• 10:04
  Speaker 4: opportunity is gonna be there, Like the time is now,
• 10:06
  Speaker 4: so like even when we do these shows and there's
• 10:09
  Speaker 4: a certain level of like determination that you see, it
• 10:13
  Speaker 4: does I don't take any of this for granted. To
• 10:15
  Speaker 4: show the loyalty for Red Panda, I always say it,
• 10:19
  Speaker 4: if Cardi and Jason Momoa get together, I don't know
• 10:22
  Speaker 4: what I'm gonna do. That's my doomsday scenario. Like Cardi
• 10:26
  Speaker 4: figures out how to trade features is over with, she
• 10:28
  Speaker 4: doesn't show what I'm gonna You have to prepare. What
• 10:31
  Speaker 4: I'm trying to stress to everyone tonight is like prices
• 10:34
  Speaker 4: of everything is gonna go up. And even if you're
• 10:36
  Speaker 4: in a house, yes, you may get a great interest rate,
• 10:38
  Speaker 4: but you still gotta pay property taxes and thulse can
• 10:40
  Speaker 4: go up depending on where you live and the richer
• 10:43
  Speaker 4: you get to. There's gonna be more ways for people
• 10:46
  Speaker 4: to find the way to get money out of your pocket.
• 10:49
  Speaker 4: And then on the other side, the people that you
• 10:51
  Speaker 4: take care of may not be loyal to you after
• 10:53
  Speaker 4: you take.
• 10:53
  Speaker 3: Care of them.
• 10:55
  Speaker 4: Look what Diddy did for Sarah. I'm gonna be real.
• 10:58
  Speaker 4: I ain't know nothing about Diagio before. Did he got
• 11:00
  Speaker 4: there and they screwed him out of a deal.
• 11:04
  Speaker 5: We will talk about that an invest for sure.
• 11:07
  Speaker 6: He probably what one hundred x their business conversation worth having,
• 11:15
  Speaker 6: all right?
• 11:16
  Speaker 5: The warning.
• 11:16
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 11:20
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 11:24
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 11:28
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 11:32
  Speaker 1: some of the heinous migrant criminals caught because of President
• 11:36
  Speaker 1: Donald J.
• 11:37
  Speaker 2: Trump's leadership. I'm Christy Noman, the.
• 11:39
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 11:44
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 11:48
  Speaker 1: and over one hundred thousand illegal aliens have been arrested.
• 11:51
  Speaker 1: If you are here illegally, your next you will be
• 11:55
  Speaker 1: fine Nearly one thousand dollars a day imprisoned and.
• 11:58
  Speaker 2: Deported, you will return.
• 12:00
  Speaker 1: But if you register using our CBP home app and
• 12:04
  Speaker 1: leave now, you could be allowed to return legally.
• 12:07
  Speaker 2: Do what's right. Leave now.
• 12:09
  Speaker 1: Under President Trump America's laws, border and families will be protected.
• 12:14
  Speaker 3: Sponsored by the United States Department of Homeland Security,