Latest / The Table with Anthony ONeal / Money Expert Explains: Should You Pay Off Debt or Invest Early

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Money Expert Explains: Should You Pay Off Debt or Invest Early · The Table with Anthony ONeal

0:00
[SPEAKER_00]: Y'all, every financial expert on the internet is I would say telling you to do one or two things.
0:08
[SPEAKER_00]: They're telling you to either pay off your debt first or start investing right now.
0:15
[SPEAKER_00]: And they'll both show you the math, right?
0:17
[SPEAKER_00]: They'll both pull up the charts, they'll both sound completely, completely convincing.
0:24
[SPEAKER_00]: But here's one thing, or here's,
0:28
[SPEAKER_00]: Here's what none of them I would say are telling you.
0:32
[SPEAKER_00]: The question itself is actually wrong.
0:35
[SPEAKER_00]: And if you keep asking the wrong questions, you're going to keep getting the wrong answers.
0:40
[SPEAKER_00]: So one more time.
0:42
[SPEAKER_00]: If we keep asking the wrong questions, we're going to get the wrong answers.
0:45
[SPEAKER_00]: And stay stuck in the same cycle for the next 10 years.
0:50
[SPEAKER_00]: today.
0:51
[SPEAKER_00]: I'm going to give you the answer nobody in this space has the guts to say and the guts to give you.
0:58
[SPEAKER_00]: And so I really need you to lock in.
1:00
[SPEAKER_00]: And I think some of you all already know what I'm going to say, but I'm going to tell you right now.
1:05
[SPEAKER_00]: All right, so welcome back to the table y'all this is going to be something that is going to be near and dear to my heart But I need you to know something before we get into this.
1:17
[SPEAKER_00]: I am not a guy who just reached charts and talks theory to you Listen
1:24
[SPEAKER_00]: I was living paycheck to paycheck.
1:26
[SPEAKER_00]: I was a guy broke.
1:27
[SPEAKER_00]: I was a guy living at a back of my car.
1:30
[SPEAKER_00]: With no direction, no plan, no clue on what a Roth IRA even was at 20 at 21 years old.
1:38
[SPEAKER_00]: And when I finally started getting my money right, I asked the exact same question, should I pay off my debt first, or should I start investing?
1:48
[SPEAKER_00]: And I got the same answers.
1:50
[SPEAKER_00]: Some of you all, a lot of you all, the majority of you all are getting literally right now.
1:55
[SPEAKER_00]: Have to internet set one thing, and the other half says something completely different, I was confused out of my mind.
2:04
[SPEAKER_00]: So I want to settle this thing today for real, for our community, with the framework that actually works.
2:12
[SPEAKER_00]: Now just for people making six figures a year, but for the single mom working two jobs.
2:16
[SPEAKER_00]: for the brother who just got his first paycheck.
2:20
[SPEAKER_00]: For the family that's tired of being one emergency away from the disaster, from that college student at Virginia Union at Regent University who just graduated college and needs to know what do I do with my student loans?
2:34
[SPEAKER_00]: This is for you.
2:36
[SPEAKER_00]: This is going to be for every single body who's wondering what should I do?
2:46
[SPEAKER_00]: So here's why this debate really never gets resolved.
2:52
[SPEAKER_00]: Most financial educators approach this question purely from a mathematical perspective.
2:58
[SPEAKER_00]: They say, look at your interest rate on your debt.
3:01
[SPEAKER_00]: Now look at the average stock market return, compare the two numbers, which ever is higher.
3:08
[SPEAKER_00]: That's where your money should go.
3:11
[SPEAKER_00]: And on paper, let's be honest, the math makes sense.
3:16
[SPEAKER_00]: If your debt is at a six percent interest, and the market historically returns an eight to 10 percent invest, eight to 10 percent return for you, right?
3:27
[SPEAKER_00]: Then, mathematically, we should be investing, right?
3:31
[SPEAKER_00]: If your debt is at 24 percent on a credit card interest, but the market is giving me a percent, well, pay it off first, right?
3:40
[SPEAKER_00]: Some will say, that's simple, that's just common sense.
3:47
[SPEAKER_00]: Except, let's be honest, y'all, it is not that simple.
3:52
[SPEAKER_00]: Because the math assumes something that is almost never true from most people within our community.
4:00
[SPEAKER_00]: it assumes what.
4:02
[SPEAKER_00]: We're robots.
4:03
[SPEAKER_00]: It assumes that you and your spouse and your loved ones are a robot.
4:08
[SPEAKER_00]: It assumes you have no emotions, no fear, no history with money, no trauma around finances, no culture of pressure to look successful before you actually are successful.
4:21
[SPEAKER_00]: No desires, no temptations,
4:25
[SPEAKER_00]: In the truth of the fact is, fam, we are not freaking robots.
4:29
[SPEAKER_00]: And the reason, 77% of Americans are still living paycheck to paycheck, even people making six-fickers, is not because they do not understand math.
4:43
[SPEAKER_00]: It's because nobody is addressing the behavior.
4:47
[SPEAKER_00]: Nobody is talking about the mind, said.
4:53
[SPEAKER_00]: No one is telling them to mind their business because their mind is a business.
5:00
[SPEAKER_00]: And for a lot of us, especially in the black community, nobody is talking about the generation of patterns that got us here in the very first place.
5:11
[SPEAKER_00]: So before I give it an answer, I need you to understand something foundational.
5:18
[SPEAKER_00]: Get is not a math problem.
5:24
[SPEAKER_00]: And I don't know if you can put this on a screen somewhere.
5:26
[SPEAKER_00]: That is not a math problem.
5:29
[SPEAKER_00]: It is a freedom problem.
5:32
[SPEAKER_00]: I gotta say that again, because I need y'all to get this.
5:36
[SPEAKER_00]: That is not numbers.
5:39
[SPEAKER_00]: Only it is a financial freedom problem.
5:43
[SPEAKER_00]: What do you mean Anthony?
5:44
[SPEAKER_00]: What the Bible says, it plainly in Proverbs 22 verse 7.
5:47
[SPEAKER_00]: The barber is what slave to the lender.
5:52
[SPEAKER_00]: That is not a suggestion.
5:54
[SPEAKER_00]: That is not a metaphor.
5:55
[SPEAKER_00]: That is a spiritual reality that plays out in our bank accounts.
6:02
[SPEAKER_00]: Every single day, every single month.
6:06
[SPEAKER_00]: when you owe somebody money, they own a piece of your life today and into your future.
6:13
[SPEAKER_00]: They own a piece of your time.
6:15
[SPEAKER_00]: They own a piece of your choice.
6:18
[SPEAKER_00]: They got free or interest bearing real estate in your mind.
6:25
[SPEAKER_00]: Yep, I'm going there today, boy.
6:27
[SPEAKER_00]: And you cannot build real wealth.
6:29
[SPEAKER_00]: Generational wealth, legacy wealth from a position of bondage.
6:37
[SPEAKER_00]: Come on, come on, come on, come on, let's go deep, let's, let's go deep.
6:41
[SPEAKER_00]: The bar was slated to the lender.
6:45
[SPEAKER_00]: The lender owns a piece of your intimate relationship with your spouse.
6:52
[SPEAKER_00]: Anthony, don't go there.
6:53
[SPEAKER_00]: Now I gotta go there.
6:54
[SPEAKER_00]: This ain't a math problem.
6:56
[SPEAKER_00]: This is a freedom problem.
6:58
[SPEAKER_00]: What do you mean, Anthony, the owner piece of my intimacy?
7:01
[SPEAKER_00]: Do you know how many couples complain to me that they cannot enjoy intimate life because they're burdened by how much money that they have to give out, but we got a lot of miles.
7:13
[SPEAKER_00]: We got a credit score of $800, of $800 or higher, but we do not have freedom.
7:19
[SPEAKER_00]: We got a world card every single day.
7:22
[SPEAKER_00]: I can't even go to the soccer game.
7:24
[SPEAKER_00]: I can't even pick up my kids because I'm bound to somebody.
7:31
[SPEAKER_00]: That's the foundation.
7:33
[SPEAKER_00]: And I need y'all to write it down.
7:35
[SPEAKER_00]: I need y'all to write that down.
7:39
[SPEAKER_00]: So, so here's the answer.
7:41
[SPEAKER_00]: And I'm going to break it down in a way that actually applies to your real life, to your situation.
7:50
[SPEAKER_00]: Watch this.
7:51
[SPEAKER_00]: And the answer is not payoff debt, or invest, it's not.
7:57
[SPEAKER_00]: The answer is it depends on which phase of your financial house you're in.
8:04
[SPEAKER_00]: And I've built something called the escape plan.
8:08
[SPEAKER_00]: five phases designed to take you from live in paycheck to paycheck, all the way to generational wealth, all the way to financial freedom, and this question, debt or invest, gets answered differently depending on where you are in those phases.
8:25
[SPEAKER_00]: And today I want to walk you through it.
8:27
[SPEAKER_00]: This is a very first time I've ever, ever, ever talked about this.
8:33
[SPEAKER_00]: And this is going to come up on a screen.
8:35
[SPEAKER_00]: Here's phase one.
8:36
[SPEAKER_00]: You're just getting started.
8:38
[SPEAKER_00]: You don't have a budget.
8:40
[SPEAKER_00]: You don't have an emergency fund.
8:42
[SPEAKER_00]: You're just trying to figure out where your money is going every single month.
8:47
[SPEAKER_00]: And at this phase, you're not even investing yet.
8:51
[SPEAKER_00]: I don't care what the market is doing.
8:53
[SPEAKER_00]: I don't care if your coworker just told you about some hot stock.
8:57
[SPEAKER_00]: I don't give a crap.
8:59
[SPEAKER_00]: Your job right now is to get stable.
9:01
[SPEAKER_00]: You hear me?
9:03
[SPEAKER_00]: Your job right now is to write out your financial vision.
9:05
[SPEAKER_00]: Your job is to write out a monthly budget.
9:08
[SPEAKER_00]: And this is what I call your monthly money vision.
9:12
[SPEAKER_00]: And save one month of your net pay as they start our emergency fund in a high-year savings account.
9:19
[SPEAKER_00]: Not one month of expenses, that's outdated.
9:21
[SPEAKER_00]: I'm sorry.
9:24
[SPEAKER_00]: This is when you set aside one month, or wait a minute, Anthony said nothing about investing and Anthony said nothing about getting out of debt.
9:32
[UNKNOWN]: Yeah!
9:34
[SPEAKER_00]: We got to stop asking the wrong question and start asking the right question.
9:40
[SPEAKER_00]: That's phase one.
9:42
[SPEAKER_00]: Okay, Anthony, all right, let's get to it.
9:43
[SPEAKER_00]: What's phase two?
9:45
[SPEAKER_00]: You've got some stability now.
9:47
[SPEAKER_00]: Now it's time to attack the debt.
9:51
[SPEAKER_00]: This is where the debt snowball comes in.
9:54
[SPEAKER_00]: And I need you to hear me clearly on this family.
9:56
[SPEAKER_00]: I need you to hear me clearly on this.
9:58
[SPEAKER_00]: You got to list every single piece of consumer debt you have credit cards, car notes, student loans, medical bills, loans that you borrow from your mama, loans that you borrow from your friends.
10:11
[SPEAKER_00]: Clarner by here pay here or buy now pay later programs.
10:15
[SPEAKER_00]: And you got to line it up from the smallest balance to the largest balance.
10:21
[SPEAKER_00]: You're going to make your minimum payments on everything except the smallest one.
10:26
[SPEAKER_00]: And you're going to throw extra dollars.
10:28
[SPEAKER_00]: You have at the smallest debt until that's gone.
10:32
[SPEAKER_00]: Then you're going to take everything you were paying on that debt and roll it into the next one.
10:40
[SPEAKER_00]: And you keep going, you build momentum, you build excitement, you celebrate every time you pay off something.
10:49
[SPEAKER_00]: You stay focused.
10:55
[SPEAKER_00]: What is going to be a good one today?
10:58
[SPEAKER_00]: I watch this, some people are going to say, but Anthony, what about my 401k match at work?
11:12
[SPEAKER_00]: Here's my answer.
11:15
[SPEAKER_00]: If your employer offers a match, contribute just enough to get that match.
11:22
[SPEAKER_00]: What do you mean, Anthony?
11:23
[SPEAKER_00]: Well, if they're matching 3%, I want you to invest 3%, but that's it.
11:27
[SPEAKER_00]: Why?
11:27
[SPEAKER_00]: That's free money.
11:29
[SPEAKER_00]: And I do not want you to leave that on the table.
11:33
[SPEAKER_00]: So anything beyond the match, every extra dollar goes to the debt snowball, every extra dollar, every single dollar goes to the debt snowball method.
11:45
[SPEAKER_00]: It goes towards your debt.
11:47
[SPEAKER_00]: If they're offering 5% you're going to put in 5% if they're offering 1% you're going to put in 1% if they're offering 0% you're not putting anything.
11:58
[SPEAKER_00]: because here's a truth that nobody wants to say out loud.
12:03
[SPEAKER_00]: You cannot out invest your consumer debt.
12:11
[SPEAKER_00]: I know I'll make some videos made about me and I'm gonna attack me when I say this, but I just, I don't care.
12:16
[SPEAKER_00]: Because this worked for me.
12:18
[SPEAKER_00]: If you're paying 22% interest on a credit card, you would need to consistently beat 22% returns and a market just to break even.
12:26
[SPEAKER_00]: And I promise you, that is not happening.
12:30
[SPEAKER_00]: They don't want to have that conversation.
12:32
[SPEAKER_00]: They don't want to have that conversation.
12:36
[SPEAKER_00]: So now let's go over to phase three of this gate path.
12:39
[SPEAKER_00]: Now your consumer debt is going.
12:41
[SPEAKER_00]: Now we build, not pause, let me say this.
12:44
[SPEAKER_00]: Anthony, you keep saying consumer debt, not debt.
12:47
[SPEAKER_00]: Let me say two quick things for we go over to phase three.
12:51
[SPEAKER_00]: Um, I don't believe there's a such thing as good debt or bad debt.
12:54
[SPEAKER_00]: I just leave debt is debt.
12:55
[SPEAKER_00]: If you borrow money for something for real estate, that is debt.
12:58
[SPEAKER_00]: Here's the thing consumer debt is a liability, non consumer debt should be an category of an asset.
13:05
[SPEAKER_00]: So it's still dead.
13:06
[SPEAKER_00]: But that debt, like real estate, like land, that is a debt that is actually going to make you interest.
13:13
[SPEAKER_00]: So I have debt out on my rental properties on my real estate properties, right?
13:18
[SPEAKER_00]: But that is an asset.
13:19
[SPEAKER_00]: But one of my goals is to be completely debt free by paying off the debt.
13:25
[SPEAKER_00]: So that's what I mean by consumer debt.
13:27
[SPEAKER_00]: I have no financing or liability.
13:30
[SPEAKER_00]: My cars paid cash for them.
13:32
[SPEAKER_00]: Jerry closed, paid cash for them.
13:35
[SPEAKER_00]: So now that in phase three you consume with that is going now we build.
13:41
[SPEAKER_00]: This is where everything changes, fam, like, and this is where you really start getting excited.
13:46
[SPEAKER_00]: You see, once we have paid off all of our consumer debt, now we expand our emergency fund to about three to six months of our net pay.
13:57
[SPEAKER_00]: And I wanna say this, I know when I'm going over today, some of y'all gonna say when Anthony is contradicting what he said in the past when he used to work at his previous situation, I've evolved.
14:08
[SPEAKER_00]: I've gone to school and I have a level of freedom now and a level of understanding specifically for people of color that I just believe that $1,000 is not enough for emergency fun today.
14:22
[SPEAKER_00]: Three to six months of expenses, I think that's better than nothing, but think about it.
14:27
[SPEAKER_00]: When you can have three to six months of your net pay set aside and your lifestyle doesn't have to change, we will make better decisions when it comes to how we progress and how do we move forward.
14:43
[SPEAKER_00]: And I just really wanted to make sure that I put that in here.
14:46
[SPEAKER_00]: Now remind you,
14:48
[SPEAKER_00]: We do not put this money into a traditional account.
14:50
[SPEAKER_00]: You put it into a high yield savings account where it's actually working for you.
14:55
[SPEAKER_00]: If you're looking for the best high yield savings account, I want you to go to anthonyoneel.com for SaaS savings.
15:00
[SPEAKER_00]: I have a list that we update every single week at a top five high yield savings account paying you in between three to five percent.
15:07
[SPEAKER_00]: I personally use SOFI and they are paying really well right now.
15:13
[SPEAKER_00]: Right, and I promise you, it is worth it.
15:16
[SPEAKER_00]: So once you fund your Hi-Yo savings account of 36 months, and I'm gonna pause right there too, because if you are entrepreneur, I want you to get to about nine to 12 months, because our income fluctuate.
15:29
[SPEAKER_00]: One month, you can make 15,000, one month, you can make 50,000, but then the next month, you can make five or nothing.
15:37
[SPEAKER_00]: Be prepared.
15:39
[SPEAKER_00]: So now that we got that funded, now we're going to start investing aggressively.
15:42
[SPEAKER_00]: This is where we're going to start talking and start investing.
15:45
[SPEAKER_00]: And I say in between, you know, 12 to 22% now, you all know me.
15:50
[SPEAKER_00]: We're going to put 12 to 15% inside of a retirement account, then another 10% inside of Tyden offerings.
15:56
[SPEAKER_00]: I'm not going to live on Tyden offerings.
15:58
[SPEAKER_00]: You already know where I'm at.
15:59
[SPEAKER_00]: But we should be already investing 10%, but 12 to 15% of your income is going into retirement accounts.
16:06
[SPEAKER_00]: It's going to be your Roth IRAs, your 401k, your CP IRAs, if you're stuff employed.
16:11
[SPEAKER_00]: 529 for your kids, custodial IRA for your kids, the Trump account.
16:17
[SPEAKER_00]: If you open up a Trump account, this is where your money starts working harder than you do.
16:24
[SPEAKER_00]: This is where we stop trading time for money and start letting our money buy back our time.
16:37
[SPEAKER_00]: Aren't you at a place where you're tired of having to get up and go to work?
16:41
[SPEAKER_00]: I was literally just having a conversation with, with, with, you know, my team member Ed, and I was like, man, I want to get to the point where Ed only has to work three days a week.
16:48
[SPEAKER_00]: Still makes the same kind of money.
16:50
[SPEAKER_00]: Hey, I was making even more, but he's buying back his time, where he can go spend it with his lady, spend it with his son, and start his own business.
16:57
[SPEAKER_00]: He already has his business.
16:58
[SPEAKER_00]: I work more.
16:58
[SPEAKER_00]: I want to get to the point where, man, our money is buying back our time.
17:04
[SPEAKER_00]: and it's allowing us to be fathers, mothers, husbands, wives, sons, daughters, friends, givers.
17:12
[SPEAKER_00]: You know, it's, it's putting us in a position to where we don't have to work until 65, 70, 80 years old.
17:18
[SPEAKER_00]: Watch this, oh my gosh, I got to say this.
17:21
[SPEAKER_00]: We should not be working that day we die.
17:24
[SPEAKER_00]: Let me go home and be with the Lord.
17:28
[SPEAKER_00]: No.
17:30
[SPEAKER_00]: No.
17:34
[SPEAKER_00]: This phase is where generational wealth, conversations, actually begin.
17:43
[SPEAKER_00]: This, this, this is where our great-great-grandchildren are talking about.
17:57
[SPEAKER_00]: You know, real quick, family, before I keep going on today's episode, I gotta talk to you about something that is directly connected.
18:04
[SPEAKER_00]: I mean, it's directly connected to everything we are discussing today.
18:09
[SPEAKER_00]: Because here is the honest thing.
18:12
[SPEAKER_00]: while you're working to escape plan.
18:14
[SPEAKER_00]: While you are intentionally paying off that and building that emergency fund, you're saving shit not.
18:21
[SPEAKER_00]: And I mean, it should not be sitting inside some regular bank account making you a 0.0104% interest.
18:29
[SPEAKER_00]: That's not a savings account.
18:30
[SPEAKER_00]: That is honestly a slow leak that is not good, stewardship.
18:34
[SPEAKER_00]: And this is why I have partnered with the best high-yield savings accounts out there.
18:40
[SPEAKER_00]: And I update this this honestly, every single week.
18:43
[SPEAKER_00]: So your money is actually earning anywhere between 3% to 5% while it sits there waiting for you to deploy for you to assign it, right?
18:50
[SPEAKER_00]: Listen, I personally make close to by 500 dollars, a month in passive income just from my emergency fund, sitting inside my highest savings account with so far.
18:59
[SPEAKER_00]: So while I'm recording today's episode, while I'm sleeping, while I'm living my life, while I'm even out there on the day, your boy making some extra money.
19:07
[SPEAKER_00]: And what I say here is,
19:08
[SPEAKER_00]: That's how your money should be working for you, before you even get to really the investing phase.
19:14
[SPEAKER_00]: You should really be tapping into how you'll save this account.
19:17
[SPEAKER_00]: So, if you are ready, or before we get back to today's episode, I'd want you to go to anthonyo.com for such savings right now.
19:23
[SPEAKER_00]: Compare the top accounts, find the one that works specifically for you.
19:27
[SPEAKER_00]: No fees, FDIC and short, and your money starts earning the moment you open up in the account.
19:34
[SPEAKER_00]: That's what we're talking about today, strategy.
19:36
[SPEAKER_00]: So go to anthonyl.com for SaaS savings.
19:39
[SPEAKER_00]: All right, the link is in the side description.
19:41
[SPEAKER_00]: Go do it today.
19:42
[SPEAKER_00]: All right, let's get back to the show.
19:43
[SPEAKER_00]: Peace out.
19:44
[SPEAKER_00]: Now, I want to talk about something that financial YouTube, financial YouTubers, almost never really address.
20:00
[SPEAKER_00]: And I would say this is going to be specifically
20:05
[SPEAKER_00]: for the people who would like me, the black and brown families.
20:08
[SPEAKER_00]: For first generation of wealth builders, for people who grew up watching their parents struggle and swore that they would do better, there is a unique pressure that we carry.
20:21
[SPEAKER_00]: The pressure to look successful before we are actually successful.
20:26
[SPEAKER_00]: Come on, can we have a real conversation fam?
20:29
[SPEAKER_00]: Talk to me in the conversation.
20:30
[SPEAKER_00]: If you're watching this live, talk to me in the chat section.
20:34
[SPEAKER_00]: I've talked about this before.
20:35
[SPEAKER_00]: I pulled up to a restaurant in my BMW, nothing.
20:39
[SPEAKER_00]: Nobody said a word.
20:41
[SPEAKER_00]: I pulled up in my Bentley, suddenly everybody wants to know what I do for living.
20:50
[SPEAKER_00]: Our culture has been conditioned to measure success by what we can visually see, the car, the clothes, sometimes even the house, the vacation photos.
21:02
[SPEAKER_00]: And that conditioning is costing us honestly every single thing.
21:08
[SPEAKER_00]: Because here's the stat that should shake you to your freaking core.
21:14
[SPEAKER_00]: There's a report called the Road to Zero Well.
21:19
[SPEAKER_00]: and it projects that by $253, it's not far away.
21:24
[SPEAKER_00]: The median wealth, a black people, black Americans will fall to zero.
21:33
[SPEAKER_00]: I'm gonna say one more time.
21:36
[SPEAKER_00]: Zero.
21:43
[SPEAKER_00]: Zero.
21:45
[SPEAKER_00]: Not because black people aren't working hard.
21:49
[SPEAKER_00]: Not because we're not talented.
21:51
[SPEAKER_00]: Heck, I think we're the most creative group of people in the world.
21:54
[SPEAKER_00]: And if you really want me to go there, I think that we are the hardest working group in the world.
21:59
[SPEAKER_00]: Watch this, not because we don't even deserve wealth.
22:02
[SPEAKER_00]: Uh-oh.
22:04
[SPEAKER_00]: But because we've been caught in a system that pushes us to spend money, to consume things, we don't have to impress people who don't give a crap about us,
22:20
[SPEAKER_00]: So we're spending all this money to go on vacation so that we can post on Instagram to look like we got success.
22:26
[SPEAKER_00]: Then come back to our homes and be freaking stressed out.
22:34
[SPEAKER_00]: To impress people, that will give you a heart today, but then talk crap about you tomorrow.
22:39
[SPEAKER_00]: Uh, yeah, I'm going there today, buddy.
22:41
[SPEAKER_00]: Yes, sir.
22:43
[SPEAKER_00]: We do all this to impress people to get the likes and the hearts and the repulsed by people.
22:49
[SPEAKER_00]: And the same people who were impressing, let us make a mistake tomorrow.
22:55
[SPEAKER_00]: Let life happen tomorrow.
22:57
[SPEAKER_00]: Let let something leak on the Instagram and the internet tomorrow.
22:59
[SPEAKER_00]: They'll dog you and drag you.
23:02
[SPEAKER_00]: They're very next day.
23:06
[SPEAKER_00]: So we're doing all this to look good to the people that will drag a tomorrow.
23:16
[SPEAKER_00]: And we have no freedom.
23:19
[SPEAKER_00]: And listen, I'm not saying this to shame anybody.
23:23
[SPEAKER_00]: I say because heck, I've been there.
23:26
[SPEAKER_00]: I've made those choices.
23:28
[SPEAKER_00]: I've bought things that I should not have purchased to project an image that I really should not have been projecting.
23:36
[SPEAKER_00]: And every single day, to this day, I got a remama stuff and don't do that, bro.
23:40
[SPEAKER_00]: And I ain't worth it.
23:42
[SPEAKER_00]: And the moment that I realized that,
23:45
[SPEAKER_00]: The moment I said, I'm going to sacrifice for a season, so I can live free for a lifetime, everything changed.
23:54
[SPEAKER_00]: I said, that's the permission I want to give you today.
24:01
[SPEAKER_00]: Well, listen, you ain't got to keep up with nobody.
24:04
[SPEAKER_00]: And I know the struggle as well is real.
24:08
[SPEAKER_00]: I like nice things.
24:10
[SPEAKER_00]: Don't get it twisted.
24:11
[SPEAKER_00]: I love nice things.
24:13
[SPEAKER_00]: But you do not have to have the newest phone, the newest car, the newest outfit, the newest things every single day.
24:21
[SPEAKER_00]: You have permission to look normal for a season so your children can look extraordinary for generations.
24:31
[SPEAKER_00]: You have the permission to drive that Honda so you can save cash and buy the Bentley.
24:38
[SPEAKER_00]: Oh, oh, oh, oh, oh, you have permission to drive that range rover and live in a middle class home so you can save enough money to go build your beautiful dream home of five 10,000 square feet.
24:58
[SPEAKER_00]: An opportunity just presented itself.
25:02
[SPEAKER_00]: And I have the capital.
25:04
[SPEAKER_00]: I have the cash to make it happen.
25:07
[SPEAKER_00]: I'll tell him when my friend's been, I'm thinking about selling one of my luxury cars because if I get this home, if I win this home in this particular auction, I'm just gonna take a lot of money to build it up, but it is a crazy situation.
25:23
[SPEAKER_00]: And he was like, well, why are you gonna, why are you gonna sell your car?
25:25
[SPEAKER_00]: And I was like, well, because it's like, I really don't need it.
25:28
[SPEAKER_00]: Like, that's a depreciating asset.
25:30
[SPEAKER_00]: I pay cash for it.
25:33
[SPEAKER_00]: But why not drive
25:35
[SPEAKER_00]: my regular truck, so Range Rover, right?
25:40
[SPEAKER_00]: Get rid of my luxury cars, get that cash, put it into an appreciating asset, that if I do it right within a next few years, it will generate a million plus an equity.
25:55
[SPEAKER_00]: And a couple of years, I can go by back the ultimate Dreamcar, whatever I want to buy, right?
26:02
[SPEAKER_00]: Listen, everything is about strategy.
26:05
[SPEAKER_00]: And I think sometimes we look at things as, oh man, I'm gonna look like I'm broke.
26:09
[SPEAKER_00]: I'm gonna look like I'm in poverty.
26:13
[SPEAKER_00]: The hell?
26:14
[SPEAKER_00]: To who?
26:17
[SPEAKER_00]: I'm gonna be driving a quote unquote nice regular car while pulling it up into a state.
26:27
[SPEAKER_00]: I'm sorry, family.
26:29
[SPEAKER_00]: That's not poverty.
26:32
[SPEAKER_00]: That's legacy thinking.
26:35
[SPEAKER_00]: That's, that is, wait, how do I position myself and my family to think I, and man, I, I've made so many stupid mistakes in my past, man, it'll be real, y'all.
26:48
[SPEAKER_00]: I was just saying this to a, um, a friend this just the other day I said, man, some of the hell, some of the drama that I've been through when it comes to ladies, when it comes to even with my money, my life, it ain't because of them, and it because in the dating
27:05
[SPEAKER_00]: I contributed, I contributed a lot to that at that time.
27:12
[SPEAKER_00]: And it's like, man, if I want different, I'm going to have to move different period.
27:18
[SPEAKER_00]: I'm going to have to move different.
27:21
[SPEAKER_00]: And even with my money, it's like now I keep hearing God saying, yo, if you want a wife, I need you to move a little differently.
27:28
[SPEAKER_00]: If you want a family, I need you to move a little different.
27:30
[SPEAKER_00]: I need you to show me that you're creating room and space for them, that the decisions that you're making right now, although you may not have met your wife, you don't have kids yet.
27:40
[SPEAKER_00]: I need you to show me that you could be a steward of them now before they even come.
27:44
[SPEAKER_00]: Right now, a lot of us are filling, I would say, the pressure, the cost of living is up, the dollar is losing ground, and the headlines, they're honestly not giving any of us peace right now.
27:56
[SPEAKER_00]: But here is the truth.
27:57
[SPEAKER_00]: You don't have to just sit back and I would say, hope, you a 401k or your start portfolio, will protect you from whatever is about to come, I would say, next.
28:07
[SPEAKER_00]: That's why I want you to seriously consider adding gold and I mean it's gold to the old elf strategy Not as a replacement for your stocks your 401k your retirement accounts, but as a shield You see gold has to the test of time through wars, recessions, inflation and I'll even say some of the political drama
28:25
[SPEAKER_00]: Gold has quietly protected wealth for generations.
28:29
[SPEAKER_00]: Actually, in fact, over the last 20 years, Gold has gone up tremendously and while stocks built well, Gold helps you keep it when the market gets shaky, when the market may be going down.
28:40
[SPEAKER_00]: Even central banks right now are stacking gold.
28:43
[SPEAKER_00]: The world's wealthiest families are stacking gold.
28:46
[SPEAKER_00]: So here's my question, why not you and I?
28:47
[SPEAKER_00]: If you want to diversify, protect your legacy and get real answers from a gold expert, not a pushy sales person.
28:54
[SPEAKER_00]: I want you to go to anthonyo.com for slash door.
28:57
[SPEAKER_00]: Have a good, healthy conversation with an expert and to see how gold can add real value to your portfolio.
29:05
[SPEAKER_00]: Do not wait for the next crisis.
29:07
[SPEAKER_00]: I need you to get into position right now.
29:09
[SPEAKER_00]: Again, go to anthonyo.com for slash door.
29:13
[SPEAKER_00]: Let's get back to today's show.
29:16
[SPEAKER_00]: Now, now, now, now, I know some of you all are watching this and you're thinking, AL.
29:23
[SPEAKER_00]: I hear you on the practical stuff.
29:25
[SPEAKER_00]: Man, I'm a little scared.
29:27
[SPEAKER_00]: What if I do all of this and it still doesn't work out?
29:34
[SPEAKER_00]: And I get it, man, and real quickly, I want to speak to that fear directly, because here's something that no spreadsheet, no app can account for.
29:53
[SPEAKER_00]: When we are good stewards of what God is giving us, when we honor Him with the first 10% of our income through tithing, when you manage your money with discipline and with integrity, something happens that defies the math.
30:18
[SPEAKER_00]: doors open that should not have been open.
30:22
[SPEAKER_00]: Opportunity show up that you didn't even manufacture, that you didn't, you didn't have to manipulate things to get in the door.
30:32
[SPEAKER_00]: Provision comes from a place you did not expect.
30:41
[SPEAKER_00]: Ask me, how do I know?
30:43
[SPEAKER_00]: Thank you.
30:48
[SPEAKER_00]: I don't know how my company has made millions.
30:52
[SPEAKER_00]: I don't know how I'm able to pay people six figures a year to work with me to help me with this vision.
31:00
[SPEAKER_00]: I don't know to this day how I was able to take my team members and their spouses to Africa.
31:09
[SPEAKER_00]: To this day, I don't know, but here's what I do know.
31:12
[SPEAKER_00]: While this imperfect, flawed man who has, who has made some dumb, stupid, immature decisions in his life, in parts of his life, and other areas of my life God can trust me.
31:28
[SPEAKER_00]: And I just give all the glory in all the honor to him, while I'm still maturing and evolving and getting better in other areas,
31:37
[SPEAKER_00]: When it comes to those money area, when it comes to the business area, I'm pleased, I know God is pleased.
31:44
[SPEAKER_00]: And I believe he gives me opportunities over there.
31:47
[SPEAKER_00]: provision has come from places I just didn't expect when I was worried about okay wait a minute God a company is it ain't struggling but hey we keep doing that we're gonna have a problem out of nowhere opportunity came and it just dropped six figures it it dropped a couple of six figures now now now now watch this let me go back to this I am saying tie and all your
32:14
[SPEAKER_00]: I am not saying, Todd, and all your debt will disappear overnight.
32:19
[SPEAKER_00]: Nah, that's not how it works.
32:22
[SPEAKER_00]: I'm sorry, I'm not a prophet, I'm not, I'm not gonna not prophets.
32:29
[SPEAKER_00]: But I'm gonna give you the biblical and practical.
32:33
[SPEAKER_00]: I'm not saying you'll have just taught you 10%, don't worry about budgeting, don't worry about your debt.
32:39
[SPEAKER_00]: God will just wipe it.
32:40
[SPEAKER_00]: Now can he wipe it?
32:41
[SPEAKER_00]: Yes, he can.
32:45
[SPEAKER_00]: Here's what I am saying, and I'm saying it from a personal experience and from watching thousands of families in our community, transforming their finances.
32:56
[SPEAKER_00]: You cannot outgive God, and you cannot outplan God.
33:05
[SPEAKER_00]: I want to sit up when we talk, I really want you to hear this.
33:08
[SPEAKER_00]: You cannot outgive our Lord and Savior Jesus Christ and you cannot outplan and come up with a better strategy than God.
33:18
[SPEAKER_00]: Because when I was building my business, there were seasons where the numbers did not make sense.
33:25
[SPEAKER_00]: Where I should not have been making what I was making, where the growth should not have been happening the way that it was happening.
33:35
[SPEAKER_00]: I want to paint this, I want to paint this, this, this, this picture with you all.
33:41
[SPEAKER_00]: And I've never said this on a public platform, but I just want to show you if we just store it well, watch how God can multiply.
33:48
[SPEAKER_00]: In my previous situation, our YouTube channel grew about 175,000 YouTube subscribers.
34:01
[SPEAKER_00]: I was there for about five or six years.
34:04
[SPEAKER_00]: When I left, and I said, God, I just, I just, man, God, I want to teach this.
34:15
[SPEAKER_00]: I want to talk about this and God is like, no, this is what I want you to do.
34:19
[SPEAKER_00]: The very first thing I had to do was forgive myself for some of the poor decisions I've made in life.
34:26
[SPEAKER_00]: One of the things about me is I'm always carrying the weight of some of the dumb things that I've made.
34:35
[SPEAKER_00]: and that I've done.
34:36
[SPEAKER_00]: Even some of the dumb things that I've said.
34:41
[SPEAKER_00]: And he was like, man, you're not perfect.
34:43
[SPEAKER_00]: You're just like my other children.
34:45
[SPEAKER_00]: The only difference is, you know, you're a public figure.
34:51
[SPEAKER_00]: But he was like, you got to forgive yourself.
34:57
[SPEAKER_00]: Said, all right.
34:59
[SPEAKER_00]: We've been on our own now since 2020, so we're going on six years, 2021, we're going on six years, five, six years, and last year, we crossed over a million subscribers, a channel that's millions of views and downloads a month.
35:18
[SPEAKER_00]: A company does millions a year.
35:29
[SPEAKER_00]: Within a matter of six years, five years, I would say.
35:32
[SPEAKER_00]: No, we did that in four, yeah, four and a half years.
35:34
[SPEAKER_00]: 800,000 of you all follow me.
35:43
[SPEAKER_00]: Thank you.
35:47
[SPEAKER_00]: Opportunities came that are crazy.
35:51
[SPEAKER_00]: A crazy book deal.
35:56
[SPEAKER_00]: Now a citizen in an agragana,
36:00
[SPEAKER_00]: starting a financial literacy school and building a couple of homes.
36:10
[SPEAKER_00]: Contemplating about some TV deals.
36:15
[SPEAKER_00]: Watch this.
36:19
[SPEAKER_00]: Over the last five years, I've done to say some things that you all have seen on the internet that I'm not proud of.
36:28
[SPEAKER_00]: made mistakes, hire some wrong people, personal life, walk the way from a relationship that I should not have walked away from.
36:46
[SPEAKER_00]: And I'm a flawed brother, but I never skipped
36:59
[SPEAKER_00]: I never skip being generous, I've, I've never taken God's grace in His mercy for granted, because the same way He gave me this opportunity, He can take it just as quick if not quicker.
37:30
[SPEAKER_00]: I trace back to, okay, got what?
37:39
[SPEAKER_00]: And it's like, yo, in this area, you were obedient.
37:41
[SPEAKER_00]: Now, in this area, son, you, he got some work to do.
37:48
[SPEAKER_00]: But I'm not going to penalize you over here because you're still growing and you're still evolving in this area.
37:56
[SPEAKER_00]: You're generous.
38:01
[SPEAKER_00]: You're obedient to trust in a process even when you couldn't see that I'll come in.
38:15
[SPEAKER_00]: So here's what I want you ought to do.
38:18
[SPEAKER_00]: I want you to try God for 30 days.
38:24
[SPEAKER_00]: For the next 30 days.
38:27
[SPEAKER_00]: The majority of you all get paid two times a week.
38:29
[SPEAKER_00]: I went to the tide 10%, I know it's gonna be hard for a lot of you, Anthony, you are gonna give God 10%.
38:36
[SPEAKER_00]: For some of y'all, that's gonna be $300 every two weeks.
38:40
[SPEAKER_00]: For some of y'all, that's gonna be about $200 every two weeks.
38:43
[SPEAKER_00]: Yeah, so much in the tide.
38:45
[SPEAKER_00]: Not just tie them into the budget.
38:49
[SPEAKER_00]: For the next 30 days, I want you to sit down, go to anthonyoneo.com for slash app, right?
38:56
[SPEAKER_00]: I want you to subscribe to our app.
38:59
[SPEAKER_00]: And I want you to work the budget for the next 30 days.
39:03
[SPEAKER_00]: I've done all the hard work for you.
39:05
[SPEAKER_00]: You're going to be able to talk to me your coach in the app.
39:09
[SPEAKER_00]: And we're going to pull up your bank statements.
39:11
[SPEAKER_00]: You may have to do a little bit of manual work to make sure we have the right numbers.
39:15
[SPEAKER_00]: But for the next 30 days, we're going to walk you through the process.
39:19
[SPEAKER_00]: And we're going to hold you accountable to the escape plan.
39:22
[SPEAKER_00]: Right, because there's a total of five phases we went through three of them today.
39:28
[SPEAKER_00]: We're going to walk with you every single day.
39:31
[SPEAKER_00]: We're going to ask you, did you time?
39:33
[SPEAKER_00]: We're going to go over your budget every single day.
39:36
[SPEAKER_00]: We're going to remind you, hey, you went to McDonald's yesterday.
39:38
[SPEAKER_00]: I know you're feeding your kids, but this is not going to hold you accountable.
39:42
[SPEAKER_00]: This is not going to help you get out of debt.
39:43
[SPEAKER_00]: This is not going to help you hit your investment goals.
39:47
[SPEAKER_00]: You do this for the next 30 days.
39:50
[SPEAKER_00]: What is about to say, try God, try to spirit, buy the spirit.
39:57
[SPEAKER_00]: Anthony, how am I trying God by budgeted, by budgeting?
40:02
[SPEAKER_00]: What do you mean?
40:04
[SPEAKER_00]: Write division, make it, what?
40:06
[SPEAKER_00]: Plan, what's the vision for your money?
40:10
[SPEAKER_00]: Worked their escape plan.
40:12
[SPEAKER_00]: Anthony, if I worked their escape plan, how was that biblical?
40:16
[SPEAKER_00]: Whether there is no vision as for people perished, we're giving you a vision, we're giving you a plan, we're giving you a strategy.
40:23
[SPEAKER_00]: Everything that this company does,
40:28
[SPEAKER_00]: a YouTuber perspective.
40:29
[SPEAKER_00]: This is coming from a biblical, ooh, I feel good saying is.
40:32
[SPEAKER_00]: This is coming from a biblical scholarly discipline perspective.
40:39
[SPEAKER_00]: Biblical, I've studied the word.
40:44
[SPEAKER_00]: I'm ordained past a lot of y'all don't know that.
40:47
[SPEAKER_00]: Scholarly, I have my bachelor's and master's in money.
40:51
[SPEAKER_00]: Get in my doctorate and finance and investing.
41:00
[SPEAKER_00]: So this is not just from an idea.
41:01
[SPEAKER_00]: This is not just from chatGPT.
41:07
[SPEAKER_00]: This is not a magical, a magic formula.
41:13
[SPEAKER_00]: This is coming from a place.
41:16
[SPEAKER_00]: that when your financial decisions are aligned with your values and your faith, you are going to make better choices.
41:23
[SPEAKER_00]: You're going to stay more disciplined and you will not panic when the market dips.
41:29
[SPEAKER_00]: You're not going to blow your emergency fund or something that isn't an emergency.
41:34
[SPEAKER_00]: Because here's what I've learned.
41:36
[SPEAKER_00]: That faith and financial wisdom are not opposites.
41:40
[SPEAKER_00]: They work actually hand in hand.
41:42
[SPEAKER_00]: They're couldn't grow in.
41:46
[SPEAKER_00]: And I'm just honestly at a point in my life that I'm really, really, really excited.
41:53
[SPEAKER_00]: I'm really, really excited for what God is about to do.
41:58
[SPEAKER_00]: Let me bring this home for some practical things I need you to do.
42:02
[SPEAKER_00]: I'm going to give you the exact decision tree, no confusion, no.
42:07
[SPEAKER_00]: It depends without an explanation, just some clear, clear, clear steps.
42:12
[SPEAKER_00]: Here's step number one, do you have a written monthly budget?
42:17
[SPEAKER_00]: If no, stop everything, and I need you to go download the app, go to anthemunil.com for stash app.
42:24
[SPEAKER_00]: And you're going to start, you're going to build your monthly vision, your monthly budget.
42:28
[SPEAKER_00]: We're going to ask you some questions.
42:29
[SPEAKER_00]: We're going to help you build it because you cannot manage what you do not measure.
42:35
[SPEAKER_00]: Now, I'll be answering yes.
42:36
[SPEAKER_00]: You're going to move on to step number two.
42:38
[SPEAKER_00]: Do you have one month of your net pay saved inside of a high yield savings account?
42:43
[SPEAKER_00]: If no, that's your only financial goal right now.
42:47
[SPEAKER_00]: It's to save that one month buffer, right?
42:50
[SPEAKER_00]: And if you're looking for a high yield savings, again, go to anthonyl.com for our staff savings and open up an account today.
42:57
[SPEAKER_00]: And also inside the app, we're going to e-view, give you this, this is a dope thing about the app.
43:02
[SPEAKER_00]: Inside the app, you're going to talk to me, the AI coach.
43:09
[SPEAKER_00]: I'm going to look at your bank statements, your credit card statements, and we're going to tell you over the last three months, here's where you can cut at, here's where you can cut at, here's where you can cut at, and if you cut here, you can have one month of your average net pay because we're going to see it with your bank statements.
43:26
[SPEAKER_00]: We're going to seal in 15 to the month or every other Friday.
43:28
[SPEAKER_00]: You make this month.
43:29
[SPEAKER_00]: So you make X amount of dollars this month.
43:31
[SPEAKER_00]: If you cut out these things for the next 30, 45 days, you'll have one month of your net pay saved.
43:37
[SPEAKER_00]: We're going to give you the strategies and the things that you should cut out.
43:41
[SPEAKER_00]: But let's say, yes, Anthony, I already have that.
43:43
[SPEAKER_00]: You're going to move to step number three.
43:45
[SPEAKER_00]: Do you have any consumer debt?
43:47
[SPEAKER_00]: If yes, you're going to start the debt snowball.
43:50
[SPEAKER_00]: You're going to list your debt small to largest.
43:52
[SPEAKER_00]: And that is also inside the app, the debt snowball.
43:55
[SPEAKER_00]: to where we're going to honestly show you your debt snowball and you're going to attempt a smallest one with everything you've got.
44:02
[SPEAKER_00]: The only exception is you're going to contribute enough to your 401k to get your employer match if they're offering it because that is free money and I do not want you to leave that.
44:12
[SPEAKER_00]: Now the answer is no, you're going to move on to step four.
44:16
[SPEAKER_00]: And step four is you're going to have a you're going to start building your emergency fully
44:25
[SPEAKER_00]: If no, that's your focus.
44:27
[SPEAKER_00]: You're gonna build it up, higher sales account, you're gonna add it to that account.
44:31
[SPEAKER_00]: Again, that's anthonyl.com for SaaS savings and you do not touch it unless it is a real emergency fund.
44:39
[SPEAKER_00]: Now, if you have 36 months for your net pay, if you have, nine months of your unemployed, you're gonna move on to your move on and I'll be able to sublow a Jesus.
44:48
[SPEAKER_00]: Uh-uh, I'll be able to sub, you're gonna move on to step five and now you're gonna invest aggressively.
44:54
[SPEAKER_00]: This is where on top of your 10% that we're tightening, we're going to put 12 to 15% of the income instead of a raw IRA.
45:01
[SPEAKER_00]: You're going to max it out.
45:02
[SPEAKER_00]: They're going to go back to your 401K and max that out.
45:06
[SPEAKER_00]: Then a broker should count by going to anthonylo.com for slash invest to open up the best broker should count.
45:12
[SPEAKER_00]: I use so far invest because they'll give you up to 1,000 free stocks today just from opening up an account.
45:18
[SPEAKER_00]: All right.
45:18
[SPEAKER_00]: This is where you start building real wealth, this is where your money starts working hotter than you do.
45:27
[SPEAKER_00]: Those are the first three phases of this gay plan.
45:31
[SPEAKER_00]: It's five phases, all right?
45:34
[SPEAKER_00]: I have something amazing coming out here and a little bit that we'll be announcing in about a month and some change that would help you out.
45:40
[SPEAKER_00]: But if you really want to get the five phases, go to the app, our full course is inside of it, where we're going to walk you through the app throughout the process.
45:50
[SPEAKER_00]: It's clear, it's super clear.
45:53
[SPEAKER_00]: There's no confusion about it, all right?
45:56
[SPEAKER_00]: And I want you to know something.
45:58
[SPEAKER_00]: The answer to should I pay off debt or invest is not a single answer.
46:04
[SPEAKER_00]: It's a strategy.
46:07
[SPEAKER_00]: You don't do both at the same time.
46:09
[SPEAKER_00]: Not fully, right?
46:11
[SPEAKER_00]: You move through phases.
46:13
[SPEAKER_00]: You move, you work the system.
46:15
[SPEAKER_00]: You work the strategy.
46:16
[SPEAKER_00]: You build the foundation before you build the walls.
46:19
[SPEAKER_00]: You clear the ground before you plant the seeds.
46:22
[SPEAKER_00]: Come on, somebody.
46:24
[SPEAKER_00]: That's not just finding to wisdom.
46:26
[SPEAKER_00]: That's biblical.
46:28
[SPEAKER_00]: financial wisdom.
46:31
[SPEAKER_00]: Suppose, let's say for an example, I might get out of here and let you go.
46:34
[SPEAKER_00]: Suppose one of you all want to build a tower.
46:38
[SPEAKER_00]: Won't you first sit down and estimate the costs to see if you have enough money to complete it?
46:45
[SPEAKER_00]: Luke chapter 14 verse 28, you got to count the costs.
46:49
[SPEAKER_00]: You got to build an order.
46:51
[SPEAKER_00]: You got to finish what you start.
46:57
[SPEAKER_00]: I'm in today's episode with this.
46:59
[SPEAKER_00]: The reason this question, debt or invest, chips so many people up is because we've been taught to think about money and isolation.
47:13
[SPEAKER_00]: Just a numbers, just a percentages, just the returns.
47:18
[SPEAKER_00]: But money is never just about money.
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[SPEAKER_00]: When I think of money, it is a tool for freedom.
47:29
[SPEAKER_00]: It is about time.
47:30
[SPEAKER_00]: It's about the choices you get to make or don't get to make because of your current financial position.
47:37
[SPEAKER_00]: It's about whether you can be present at your kids' gang without checking your phone to see if your boss is calling.
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[SPEAKER_00]: It's about if an opportunity presented itself like it just presented me within the last week and my am position to take advantage of this opportunity
47:54
[SPEAKER_00]: held.
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[SPEAKER_00]: It's about whether or not you could say yes or no.
48:01
[SPEAKER_00]: Watch us to the opportunity without first asking your credit card or a bank if it's okay.
48:11
[SPEAKER_00]: This opportunity came up to get this house and um
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[SPEAKER_00]: I already knew my banker would say yes, because I already handled my business income well.
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[SPEAKER_00]: I made my CFO every month we do our, we do our,
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[SPEAKER_00]: our book balance every single month.
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[SPEAKER_00]: We sit down.
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[SPEAKER_00]: We do a budget every single month.
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[SPEAKER_00]: I know exactly down to the dollar was going on.
48:42
[SPEAKER_00]: I paid myself a W2 income.
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[SPEAKER_00]: My numbers.
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[SPEAKER_00]: We have a profit and law statement throughout the year that we update every single month.
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[SPEAKER_00]: Like I know my cup.
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[SPEAKER_00]: So I already knew I qualified.
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[SPEAKER_00]: My credit.
48:54
[SPEAKER_00]: Good.
48:54
[SPEAKER_00]: I already knew.
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[SPEAKER_00]: I didn't have to ask.
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[SPEAKER_00]: Can I get a prove?
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[SPEAKER_00]: I already knew.
48:59
[SPEAKER_00]: I called him as a yo bro.
49:02
[SPEAKER_00]: I want to get this house.
49:03
[SPEAKER_00]: Can you send me my pre-approval error?
49:09
[SPEAKER_00]: Because I was already in position.
49:10
[SPEAKER_00]: It's about whether you can look your spouse and the eyes and say, we're going to be all right.
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[SPEAKER_00]: Our family's going to be all right.
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[SPEAKER_00]: Our children is going to be all right.
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[SPEAKER_00]: because we have a plan, and we've been working a plan.
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[SPEAKER_00]: And that's what, in the black, is all about.
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[SPEAKER_00]: That's what the escape plan is all about.
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[SPEAKER_00]: That's what this YouTube channel, this show is all about, not just getting you out of consumer debt, not just building a seven-figure portfolio, but freedom, real, lasting, financial, generational, freedom.
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[SPEAKER_00]: and it starts with one decision today right now.
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[SPEAKER_00]: Listen, check out all the show links inside of the show description.
50:17
[SPEAKER_00]: We went way over our time today.
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[SPEAKER_00]: I love you all.
50:23
[SPEAKER_00]: I love you.
50:24
[SPEAKER_00]: I love you.
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[SPEAKER_00]: And I want to help you all.
50:26
[SPEAKER_00]: Listen, I want to challenge you, send this to a friend, send this to a loved one today.
50:35
[SPEAKER_00]: Probably one of the most heartfelt conversations that I had.
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[SPEAKER_00]: And I need you to check out that app.
50:42
[SPEAKER_00]: Let me walk with you for the next 12 to 24 to 36 months of your life in this app to help you change your financial situation.
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[SPEAKER_00]: Shgua Anthony, I love you, God bless you.
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[SPEAKER_00]: See you in the next show.
50:56
[SPEAKER_00]: Peace out.