Latest / The Table with Anthony ONeal / Pay Off 5-Figure Consumer Debt in 18-24 Months with the Debt Snowball Method

Transcript

Pay Off 5-Figure Consumer Debt in 18-24 Months with the Debt Snowball Method · The Table with Anthony ONeal

• 0:00
  [SPEAKER_01]: Our family gets straight to this man.
• 0:03
  [SPEAKER_01]: And I'm a tribe in St. Louis, was I am, but lately I keep hearing from a lot of these financial people online who are good solid people who I love.
• 0:11
  [SPEAKER_00]: That being debt free is not the end goal.
• 0:14
  [SPEAKER_00]: Being debt free is not wealth.
• 0:16
  [SPEAKER_00]: And I somewhat agree with that partially, right?
• 0:20
  [SPEAKER_00]: So I want you to hear me upfront.
• 0:22
  [SPEAKER_00]: Let me say this right now.
• 0:24
  [SPEAKER_00]: Being debt free is not the end goal, but it is the starting line.
• 0:28
  [SPEAKER_01]: because here's what nobody is saying in these clips and in these conversations.
• 0:32
  [SPEAKER_01]: 63% of Americans are still living paycheck to paycheck right now, 2026.
• 0:37
  [SPEAKER_01]: That's from CNBC and survey multi that just happened in July of this year.
• 0:43
  [SPEAKER_01]: So this is stunning Anthony O'Neill's personal opinion.
• 0:46
  [SPEAKER_01]: It's not just people who even make less money.
• 0:51
  [SPEAKER_01]: 41% of these people are making a hundred thousand two hundred thousand two hundred thousand all the year.
• 0:55
  [SPEAKER_01]: These are the same people saying you're, I'm also living paycheck to paycheck.
• 0:59
  [SPEAKER_01]: So when someone, or somebody tells the average person, that debt is a tool and go use it and leverage it, I wanna ask a simple freaking question.
• 1:12
  [SPEAKER_01]: Leverage on what?
• 1:16
  [SPEAKER_01]: Their paycheck is already spent.
• 1:20
  [SPEAKER_01]: Let's go to Ever.
• 1:21
  [SPEAKER_01]: Their paycheck was already spent before I hit their account.
• 1:25
  [SPEAKER_01]: Let's go even deeper.
• 1:26
  [SPEAKER_01]: The paycheck was already spent before the paycheck was even written.
• 1:35
  [SPEAKER_00]: Today, Americans are carrying $1.26 trillion on credit cards right now, according to the New York Feds.
• 1:45
  [SPEAKER_00]: That's close to the highest it has ever been, and you want to hand that same person, another credit card.
• 1:53
  [SPEAKER_00]: You want to hand that same person, another loan, another line of credit, and call it a freaking strategy.
• 2:03
  [SPEAKER_00]: So here's where we're going to go today, and I'm going to calm down, because I want you to hear this message.
• 2:10
  [SPEAKER_00]: I'm going to show you the math.
• 2:12
  [SPEAKER_00]: on why getting out of consumer debt comes first.
• 2:17
  [SPEAKER_00]: Then I'm going to walk you through the escape plan from my book, Stop Live in Pager to Pager.
• 2:24
  [SPEAKER_00]: It is five phases that has took me close three years to write.
• 2:28
  [SPEAKER_00]: and I'm going to be honest with you on all of them.
• 2:31
  [SPEAKER_00]: The first three are going to be the hard part, because I believe getting out of the paycheck the paycheck cycle is harder than saving and investing and building wealth.
• 2:44
  [SPEAKER_00]: Why?
• 2:45
  [SPEAKER_00]: Because it requires discipline.
• 2:47
  [SPEAKER_00]: Why?
• 2:47
  [SPEAKER_00]: Because social media, TikTok, Instagram, they ain't talking about that.
• 2:52
  [SPEAKER_00]: They want you to leverage other people's money rather than honestly get freedom back,
• 2:58
  [SPEAKER_00]: so that we know you can build something of substance.
• 3:01
  [SPEAKER_00]: And at the end, I'm going to show you what one regular person's dead payments can turn into when they stop going to the bank and start going to work for themselves.
• 3:13
  [SPEAKER_00]: That's going to be today's episode and I want to get into it.
• 3:18
  [SPEAKER_00]: I want to give you three numbers.
• 3:20
  [SPEAKER_00]: And I want you to remember them.
• 3:23
  [SPEAKER_00]: The first number is 22%, 22%.
• 3:27
  [SPEAKER_00]: The Federal Reserve say the average interest rate on credit cards that charge interest is about 22.15%.
• 3:34
  [SPEAKER_00]: So if you're carrying a $6,000 balance, you're paying about $1,320 a year just an interest.
• 3:49
  [SPEAKER_00]: Just an interest, second number, 10%, 10%, over the long run, the start market has averaged about 10% a year, and nobody promised you that in a single year.
• 4:06
  [SPEAKER_00]: Our number, maybe write all these down, is 7%.
• 4:10
  [SPEAKER_00]: That's about what a 30 year mortgage cost you right now.
• 4:16
  [SPEAKER_00]: Freddie Mac had it at 6.95% last week at the time of us recording this.
• 4:22
  [SPEAKER_00]: So a lot of people are holding older mortgages like myself and one of my homes in the 3,4% and 5% Hank, I remember my first home being 2.65%.
• 4:35
  [SPEAKER_00]: Now, I want you to put these side by side.
• 4:36
  [SPEAKER_00]: I don't know how my team is going to do this, right?
• 4:39
  [SPEAKER_00]: When you pay off a credit card at 22%, you just earned 22% on that money.
• 4:46
  [SPEAKER_00]: And the market can't take that back from you.
• 4:51
  [SPEAKER_00]: There's no investment in everyday person, can buy that pay is a guarantee 22%.
• 4:59
  [SPEAKER_01]: you cannot out invest 22%.
• 5:03
  [SPEAKER_01]: So when somebody says, don't worry about paying off debt, go any vest, they're asking you to chase 10% that isn't promise while you pay 22% that is guaranteed.
• 5:14
  [SPEAKER_01]: Yeah, pause.
• 5:30
  [SPEAKER_00]: Fem, I know what a spent paycheck feels like before you even get it.
• 5:39
  [SPEAKER_00]: I know what it feels like to get up on a Friday morning, excited about a check that feels like a relief, but it amised.
• 5:48
  [SPEAKER_00]: Because at one point in my life, while I was living in Jacksonville, Florida, working for a collection company, I was negative $300 in $50.
• 6:01
  [SPEAKER_00]: And when you're there, nobody teaches you how to leverage.
• 6:07
  [SPEAKER_00]: You need somebody to teach you the correct order.
• 6:10
  [SPEAKER_00]: You need somebody to teach you.
• 6:11
  [SPEAKER_00]: Don't borrow money.
• 6:14
  [SPEAKER_01]: You need people to teach you like, brother, you need to live below your means.
• 6:19
  [SPEAKER_01]: You need people to tell you, oh my God, you gotta get to wealth.
• 6:22
  [SPEAKER_00]: No, I need to get to outer paycheck, the paycheck first.
• 6:27
  [SPEAKER_00]: Then I can think about wealth.
• 6:32
  [SPEAKER_00]: And it bothers me every time I log on to TikTok and Instagram.
• 6:35
  [SPEAKER_00]: All these fake people with no credentials, but just with chat, GPT says, this foolishness.
• 6:40
  [SPEAKER_00]: So here is the way I want you to think about it.
• 6:44
  [SPEAKER_00]: Every dollar you earn can only do one job.
• 6:48
  [SPEAKER_00]: It can go to the bank in interest or it can go to work for you.
• 6:55
  [SPEAKER_00]: Consumer debt means that the bank gets the first pick of every single paycheck that you get.
• 7:01
  [SPEAKER_00]: getting out of consumer debt means you get your paycheck back.
• 7:07
  [SPEAKER_00]: Getting out of consumer debt means that you're no longer paying for someone else's luxury and lifestyle in freedom.
• 7:13
  [SPEAKER_00]: You're now in position, watch this, to build another level of freedom for you.
• 7:21
  [SPEAKER_00]: That's my whole message.
• 7:30
  [SPEAKER_00]: And some of y'all watching this and say, no, Anthony, no, I get what they're saying, cool, great.
• 7:34
  [SPEAKER_00]: Go follow them.
• 7:35
  [SPEAKER_00]: Let me know how that turns around for you in the next 10 years.
• 7:38
  [SPEAKER_00]: But for the rest of the people who are going to stay and watch this show, I want to break down exactly what's inside of my brand new book, stop living in paycheck to paycheck.
• 7:45
  [SPEAKER_00]: And I call it the escape plan because I need you to escape the life of living paycheck to paycheck.
• 7:53
  [SPEAKER_00]: There are five particular phases inside of this book that is really going to change your life in a chase line.
• 7:59
  [SPEAKER_00]: Phase one is what I call the lay foundation phase.
• 8:03
  [SPEAKER_00]: Phase two is where we clear the ground.
• 8:05
  [SPEAKER_00]: Phase three is where we build the frame.
• 8:07
  [SPEAKER_00]: Phase four is where we scale the structure and phase five is we submit your legacy.
• 8:14
  [SPEAKER_00]: I want you to picture building a house.
• 8:16
  [SPEAKER_00]: Look
• 8:20
  [SPEAKER_00]: Y'all, nobody builds the roof first on a house.
• 8:28
  [SPEAKER_00]: Phase one is we got a late of foundation.
• 8:32
  [SPEAKER_00]: That means three things happened before you pay off a dollar of debt.
• 8:40
  [SPEAKER_00]: I got to talk about it.
• 8:42
  [SPEAKER_00]: I got to talk about it.
• 8:45
  [SPEAKER_00]: The very first thing is you got to write down your vision.
• 8:49
  [SPEAKER_00]: If your Y is small, the first cruise add on your phone is going to win.
• 8:57
  [SPEAKER_00]: If your Y is your children walking across stage with no student loans from college, you can say no to a lot of things, especially things that come up on TikTok shop.
• 9:12
  [SPEAKER_00]: I'm one of my good friends, Pasadari's Daniel said years ago to me and to his congregation is that if your wide doesn't make you cry, then the price of commitment will make you cry.
• 9:21
  [SPEAKER_00]: Because you will fall short of something and you will not accomplish your wide now you'll be emotional.
• 9:27
  [SPEAKER_00]: So the vision that depth of your wide has to be so important, you gotta start there.
• 9:32
  [SPEAKER_00]: You can't start at the roof.
• 9:35
  [SPEAKER_00]: Second, with your vision it has to be congruent with your budget.
• 9:40
  [SPEAKER_00]: you got to build a budget and a lot of people hear that word and think it means they can't have any fun, they can't have anything but a budget gives you permission to enjoy your money and I was even saying it gives your money a direction because you are telling every dollar.
• 9:58
  [SPEAKER_00]: Every single dollar where it's going before the month starts.
• 10:02
  [SPEAKER_00]: Let's go back to the very beginning.
• 10:03
  [SPEAKER_00]: You're telling your dollar where it's going before the check was even cut with your name on it.
• 10:13
  [SPEAKER_00]: Third, gotta say one month or you take home pay.
• 10:17
  [SPEAKER_00]: This is what I believe, you're breathe their emergency fund.
• 10:21
  [SPEAKER_00]: And here's why, without it, the first flat tire, the first thing that goes wrong in your life or the next thing that goes wrong in your life is gonna put you right back to the credit card debt, right back to the personal loan, right back to the advanced check with apps now.
• 10:39
  [SPEAKER_00]: and even be running in circles and circles and circles and never get too free to.
• 10:46
  [SPEAKER_00]: So let's make this real.
• 10:48
  [SPEAKER_00]: Won't you meet somebody?
• 10:50
  [SPEAKER_00]: Let's say she makes $60,000 a year.
• 10:52
  [SPEAKER_00]: She takes home about $4,000 a month.
• 10:56
  [SPEAKER_00]: She has three credit cards, 1200 on one of them, 3000 as say on another, and let's go up to $6,000 on the third one.
• 11:06
  [SPEAKER_00]: She also has a $14,000 student loan.
• 11:09
  [SPEAKER_00]: and she has about $18,000 left on her car.
• 11:13
  [SPEAKER_00]: That's $43,000 in consumer debt.
• 11:17
  [SPEAKER_00]: And her minimum payments come to $1200 AMA.
• 11:20
  [SPEAKER_00]: $1200 AMA.
• 11:31
  [SPEAKER_00]: I'm a math guy, that's 30% of her take home pay, gone before she buys a single list of groceries.
• 11:43
  [SPEAKER_00]: Let me say that she ain't bad with money, she's working real hard, she's a sister and right now in 2026, let me give my sister some of the best love ever, they're honestly the most
• 12:01
  [SPEAKER_00]: So it's not about her band Lazy or non-attentional, but her paycheck just has too many owners.
• 12:09
  [SPEAKER_00]: So on a phase one, she's gonna write her vision.
• 12:12
  [SPEAKER_00]: She builds her budget, and she finds $500 a month she can free up.
• 12:20
  [SPEAKER_00]: Some from the budget, and some from picking up some extra hours.
• 12:26
  [SPEAKER_00]: She gets intentional with her budget, and she's able to save one month of her take home pay, which is $4,000.
• 12:33
  [SPEAKER_00]: This is before she touches any of her consumer debt.
• 12:37
  [SPEAKER_00]: Now she has a solid foundation.
• 12:40
  [SPEAKER_00]: Now we, she, us, all of us are ready to go to the next level which is clear the ground.
• 12:51
  [SPEAKER_00]: Phase two is where you get out of consumer debt.
• 12:56
  [SPEAKER_00]: And I just believe in one method.
• 12:57
  [SPEAKER_00]: I know people talk about Abalanche and his method, and that method.
• 13:01
  [SPEAKER_00]: Now, I'm just going to say, man, my method is a desk, no bomb at it.
• 13:07
  [SPEAKER_00]: Again, I don't have enough time to teach all of this today because I really want to just spark your attention and really just speak to this foolishness that I see some times when take talk and Instagram and social media, you've got to get a copy of the book and you have to join a freedom circle.
• 13:21
  [SPEAKER_00]: I'm saying it's one more time, you have to get a copy of, stop live on page at the page, and you have to join the Freedom Circle.
• 13:29
  [SPEAKER_00]: Because phase two is where we really get serious.
• 13:34
  [SPEAKER_00]: This is where you're going to be listing pretty much every consumer debt from a smallest balance that a large is.
• 13:40
  [SPEAKER_00]: You pay the minimum of everything and you throw every extra dollar at a smallest one.
• 13:45
  [SPEAKER_00]: Now, when it's gone, you take what you were paying on it and you roll it into the next one.
• 13:50
  [SPEAKER_00]: And the payment's get bigger every time and it's like a snowball rolling downhill.
• 13:56
  [SPEAKER_00]: by some of you know the math and you're thinking with the numbers say to do it a different way.
• 14:02
  [SPEAKER_00]: I know what you're thinking and here's why I don't teach that method because getting out of debt is not a math problem, it is simply and the words of day rams in his philosophy and I agree with it 100% is a behavior problem.
• 14:15
  [SPEAKER_00]: What you need is momentum.
• 14:18
  [SPEAKER_00]: You need to see an account hit zero.
• 14:21
  [SPEAKER_00]: And a plan you quit, I've said it's before, pays you zero percent, no matter what the interest rate was.
• 14:29
  [SPEAKER_00]: So watch what happens to our friend.
• 14:31
  [SPEAKER_00]: She got her minimum, right?
• 14:33
  [SPEAKER_00]: Plus an extra $500 a month.
• 14:39
  [SPEAKER_00]: Month three, a $1200 credit card, it's now gone.
• 14:45
  [SPEAKER_00]: She calls her sister.
• 14:47
  [SPEAKER_00]: She gets excited.
• 14:48
  [SPEAKER_00]: I remember this because she called me next.
• 14:50
  [SPEAKER_00]: She got her first win.
• 14:53
  [SPEAKER_00]: Month nine, the $3,800 credit card.
• 14:57
  [UNKNOWN]: Go on.
• 14:59
  [SPEAKER_00]: Now she's rolling with a bigger payment.
• 15:01
  [SPEAKER_00]: 116, that $6,000 credit card.
• 15:10
  [SPEAKER_00]: Now she's credit card debt-free, watch this, the 22% that she was paying out to someone else is now back in her pocket.
• 15:22
  [SPEAKER_00]: She doesn't have the word by paying 22% anymore.
• 15:26
  [SPEAKER_00]: The month 25, the student loan, gone.
• 15:42
  [SPEAKER_00]: $43,000 of consumer debt going in 29 months.
• 15:50
  [SPEAKER_00]: $43,000 of consumer debt going under two and a half years on a $60,000 a year salary.
• 16:01
  [SPEAKER_00]: what we've learned that when people when they read the book and they're part of our freedom circle that we just made public on average what we're seeing is about 18 to about 24 to 26 months or what it takes to average person to get out.
• 16:16
  [SPEAKER_00]: Some takes a little bit longer like my sister.
• 16:20
  [SPEAKER_00]: Some aggressively go at it and go within 12 months.
• 16:31
  [SPEAKER_00]: and help her walk through this process.
• 16:35
  [SPEAKER_00]: She didn't make that much more income, but she got intentional about the income she had.
• 16:41
  [SPEAKER_00]: And now that $1,200 in payments, plus the $500 that she found is $1,700 a month that belongs to her.
• 16:50
  [SPEAKER_00]: And that's what I mean when I say, you get your paycheck back.
• 16:55
  [SPEAKER_00]: For the first time in her adult life,
• 17:01
  [SPEAKER_00]: can tell her what to do with her money.
• 17:05
  [SPEAKER_00]: For the first time I heard out life when she gets her paycheck, the majority of it is hers.
• 17:11
  [SPEAKER_00]: And somebody watching this has a lot more than 43,000 dollars and it feels like forever and I want to talk to you real quick.
• 17:20
  [SPEAKER_00]: The timeline is going to be longer but the plan is still the same.
• 17:27
  [SPEAKER_00]: because every win makes the next one go faster.
• 17:32
  [SPEAKER_00]: When it comes to the death snowball, 43,000 dollars in debt is a lot.
• 17:39
  [SPEAKER_00]: If you got 70,000, the plan still works.
• 17:45
  [SPEAKER_00]: And if you want to learn how to get around people who are just like you, who are on a mission to get out of debt so we can be in a better position to make more money.
• 17:57
  [SPEAKER_00]: check this out real quick.
• 17:58
  [SPEAKER_00]: Nobody talks you how to build wealth and how to secure a financial freedom with a lot of people told you or just a budget better than you let you do.
• 18:06
  [SPEAKER_00]: You can't fix what you refuse to look at.
• 18:09
  [SPEAKER_00]: It's not a budget.
• 18:09
  [SPEAKER_00]: It's knowing your real numbers.
• 18:12
  [SPEAKER_00]: When you finally see your starting point, your debt savings and investments all within one particular place, you stop guessing and you really start moving forward.
• 18:20
  [SPEAKER_00]: But if you keep avoiding it, the debt doesn't system.
• 18:23
  [SPEAKER_00]: The problem that you could face today
• 18:27
  [SPEAKER_00]: a bigger, heavier number in the year.
• 18:30
  [SPEAKER_00]: This isn't there.
• 18:30
  [SPEAKER_00]: You see right now in our brand new community called Freedom Circle, real members within this particular community have tracked 10.5 million homes in consumer debt that we're gonna be eliminating your own.
• 18:41
  [SPEAKER_00]: Over $1 million in emergency savings and nearly $12.2 million in investments.
• 18:47
  [SPEAKER_00]: These are real numbers and real individuals like yourself.
• 18:50
  [SPEAKER_00]: Every Thursday, we meet for a masterclass.
• 18:53
  [SPEAKER_00]: Every month, new courses and material being added to help you hit your freedom goal.
• 18:58
  [SPEAKER_00]: Every quarter, we meet in person here in the United States, UK, and even across Ghana.
• 19:04
  [SPEAKER_00]: So you can start free today.
• 19:05
  [SPEAKER_00]: I want to invite you to join this amazing community called The Freedom Circle.
• 19:09
  [SPEAKER_00]: You can do this by going to AOFreedomCircle.com I want you to take the Freedom Score assessment today is 100% free and when you're ready to be a part of the official community of seven day free trial of Coach of Membership is waiting for you too.
• 19:23
  [SPEAKER_00]: I need you to know where you stand because I want you to help yourself, build your next chapter with the community, go to AOFreedomCircle.
• 19:32
  [SPEAKER_01]: Femme, before you invest a single dollar and build a business or chase any money go, there's one thing that has to be true first.
• 19:38
  [SPEAKER_00]: You have to be out of consumer debt.
• 19:41
  [SPEAKER_00]: You see, most people try to build wealth before they even know where their money is actually going.
• 19:45
  [SPEAKER_00]: They have no plan, they have no budget, they have no strategy.
• 19:49
  [SPEAKER_00]: Just consider that powerling up in the background while life keeps moving forward.
• 19:53
  [SPEAKER_00]: You see, that is why my team and I built and the Black, the app that gives you a daily money coach in your pocket.
• 19:59
  [SPEAKER_00]: It walks you through my five phase escape plan.
• 20:02
  [SPEAKER_00]: Builds you a zero-based budget and tells you exactly what to do with your money every single morning when you wake up.
• 20:10
  [SPEAKER_00]: This isn't.
• 20:11
  [SPEAKER_01]: Just theory.
• 20:12
  [SPEAKER_01]: This is the same process that has helped over a hundred thousand families get out of consumer debt.
• 20:17
  [SPEAKER_00]: Use a real people like yourself who are paying off thousands of dollars using this app one guided step at a time.
• 20:24
  [SPEAKER_00]: All you gotta do is go to www.anthinonio.com.
• 20:27
  [SPEAKER_00]: For more information, click the two mini quiz and please be honest with your answers and get your personalized plan.
• 20:33
  [SPEAKER_00]: I want you to fix your foundation first.
• 20:35
  [SPEAKER_00]: You can go build whatever's next.
• 20:37
  [SPEAKER_00]: All right.
• 20:38
  [SPEAKER_01]: For the Anthony O'Neill.com for slash app, let's get back to today's episode.
• 20:43
  [SPEAKER_00]: So listen.
• 20:45
  [SPEAKER_00]: And we'll want to get the app number two, come join us in this Freedom Circle.
• 20:48
  [SPEAKER_00]: We're going to cap it out at 5,000 people because I really want these to be small, pockets of individuals around the United States and even into the UK and Africa.
• 20:59
  [SPEAKER_00]: And every time I hit a city, I want to meet with you all.
• 21:01
  [SPEAKER_00]: I want to meet with you all.
• 21:02
  [SPEAKER_00]: I want to meet with you all.
• 21:03
  [SPEAKER_00]: 30, 40 of you all, and then we just link up and have dinner somewhere, and I'm able to lay eyes on you, pray with you, and guide you alone.
• 21:11
  [SPEAKER_00]: It's turning because a lot of things are going to be offering inside of this community.
• 21:15
  [SPEAKER_00]: We're even getting into wealth management.
• 21:17
  [SPEAKER_00]: And so we're going to really, really help that.
• 21:19
  [SPEAKER_00]: All right.
• 21:20
  [SPEAKER_00]: And so I'm going to get to phase three.
• 21:24
  [SPEAKER_00]: Because phase three is where we got to now start building the frame.
• 21:30
  [SPEAKER_00]: This is where I believe you save 36 months of your take-home pay, not expenses, take-home pay.
• 21:36
  [SPEAKER_00]: And what I call your freedom exit number, right?
• 21:41
  [SPEAKER_00]: Most people have heard even myself saying the past saved 36 months of your expenses.
• 21:47
  [SPEAKER_00]: And I've changed my thoughts and my process around that.
• 21:50
  [SPEAKER_00]: I'm teaching take-home pay.
• 21:52
  [SPEAKER_00]: Now, what hits your actual bank account, now.
• 21:56
  [SPEAKER_00]: And here's why.
• 21:57
  [SPEAKER_00]: When something happens, a layoff, a medical bill, car maybe dies on you.
• 22:04
  [SPEAKER_00]: I don't want you living a stripped down life, I would say, a scared version of your life.
• 22:09
  [SPEAKER_00]: Because when we're scared, that's when we tend to make bad decisions.
• 22:14
  [SPEAKER_00]: So take home pay, let you keep living your life while you make a good decision.
• 22:21
  [SPEAKER_00]: And it's easy to figure out, right?
• 22:23
  [SPEAKER_00]: It's the number that's on your direct deposit.
• 22:27
  [SPEAKER_00]: All right, some people say, well, what was that number?
• 22:31
  [SPEAKER_00]: Wait, wait.
• 22:33
  [SPEAKER_00]: If your direct deposit says, you got paid $4,000 this month?
• 22:38
  [SPEAKER_00]: Well, three months of $4,000, $12,000.
• 22:43
  [SPEAKER_00]: I watched this.
• 22:44
  [SPEAKER_00]: She already had $4,000 from phase one.
• 22:47
  [SPEAKER_00]: Now she has $1,700 a month with no owner.
• 22:51
  [SPEAKER_01]: So she added nothing else to that in about five months.
• 22:55
  [SPEAKER_00]: She, she will have her three months of take on pay.
• 23:04
  [SPEAKER_00]: Pause.
• 23:07
  [SPEAKER_00]: The moment she does that, she is now ahead of, you are now ahead of the moment you do that, ahead of 63% of people in America.
• 23:19
  [SPEAKER_01]: So when I hear people say, getting consumer debt free should not be to go, I really do be wanting to scream and smack them in their mouth and say shut up, but I'm a Christian.
• 23:32
  [SPEAKER_01]: Can't do that.
• 23:34
  [SPEAKER_01]: Because we got to teach levels, we got to teach phases, we got to help people.
• 23:39
  [SPEAKER_01]: get from where they are, because it is hard for someone to be living barely paycheck to paycheck.
• 23:45
  [SPEAKER_01]: Why do you say barely, Anthony?
• 23:46
  [SPEAKER_01]: We're 39% of people in America say, if I can get to living from paycheck to paycheck, that's a financial improvement for me.
• 23:55
  [SPEAKER_01]: So the person who gets paid on Friday and is already broke by next week can't think about 100,000.
• 24:12
  [SPEAKER_00]: This is why I teach what I teach, and this is the moment I want you to see, because the interface three, she is officially off an out-of-page at the paycheck, no consumer debt.
• 24:26
  [SPEAKER_00]: She got three months of her pay sitting inside of her high-year sales account.
• 24:30
  [SPEAKER_00]: And if her job disappeared tomorrow, y'all she'll be okay for at least 90 days.
• 24:37
  [SPEAKER_00]: That's margin.
• 24:41
  [SPEAKER_00]: that is the foundation of how we now start to build true financial freedom aka wealth.
• 24:50
  [SPEAKER_00]: Because the truth of the fact is the majority of people in America would never get there because they wouldn't straight the face for.
• 24:57
  [SPEAKER_00]: They invested $100 a month.
• 24:59
  [SPEAKER_00]: They paid 22% on three freaking credit cards and wonder why they never felt free.
• 25:08
  [SPEAKER_00]: You're investing, and paying out.
• 25:09
  [SPEAKER_00]: You're investing, and paying out.
• 25:11
  [SPEAKER_00]: The life happens, then what happens?
• 25:13
  [SPEAKER_00]: Now we want to go to our investments, pay a penalty, pay taxes, pay all to top of the pool from that pay for this emergency, that just came up, because we didn't follow the order.
• 25:21
  [SPEAKER_00]: We didn't have a strategy.
• 25:26
  [SPEAKER_00]: We listened to people online.
• 25:28
  [SPEAKER_00]: We didn't who weren't credentialed, who has even practiced what they even preached.
• 25:36
  [SPEAKER_00]: We were chasing a million dollars, we were chasing a dream, but now the dream is still feeling like a freaking nightmare.
• 25:47
  [SPEAKER_00]: This is why if you haven't gotten a book, stop living page at the paycheck, you've gotta get it.
• 25:51
  [SPEAKER_00]: Because there's a strategy to weld building.
• 25:54
  [SPEAKER_00]: There's a strategy to financial freedom.
• 25:59
  [SPEAKER_00]: Let's talk about phase four, because this is where everybody wants to be.
• 26:04
  [SPEAKER_00]: And this is where you scale the structure.
• 26:07
  [SPEAKER_00]: This is where we now start to start investing.
• 26:11
  [SPEAKER_00]: So let's go back to the same sister, who's inside of our freedom circle community.
• 26:14
  [SPEAKER_00]: And if you're inside of our freedom circle community, we're actually going to be sitting down with her here soon, and we're going to talk about her story in more depth, right?
• 26:23
  [SPEAKER_00]: You remember that $1700 a month that used to go to the banks?
• 26:28
  [SPEAKER_00]: Then it went from the banks into our checking account.
• 26:31
  [SPEAKER_00]: But now it goes to work for her.
• 26:35
  [SPEAKER_00]: She's investing $1,700 a month now.
• 26:39
  [SPEAKER_00]: I said, she does that for the next 20 years.
• 26:42
  [SPEAKER_00]: at an 8% average return that grows to about $1 million.
• 26:48
  [SPEAKER_00]: Now, if we go from what the SEP has averaged over the last few decades at 10%, that's gonna be about $1.3 million.
• 26:57
  [SPEAKER_00]: Now, out of the $1.3 million, she only put in $48,000 of her own money.
• 27:03
  [SPEAKER_00]: But the market and her money did the rest.
• 27:10
  [SPEAKER_00]: Look at what just happened.
• 27:13
  [SPEAKER_00]: Her income didn't necessarily change, and if I'm being honest, she is making a little bit more money today.
• 27:17
  [SPEAKER_00]: But let's just say, we're doing a math offer for income today.
• 27:20
  [SPEAKER_00]: I'm going to offer off over income was about two years ago.
• 27:24
  [SPEAKER_00]: So she was still making $60,000 in this particular example.
• 27:28
  [SPEAKER_00]: The only thing that changed is who gets the money first.
• 27:34
  [SPEAKER_00]: Before it was the lenders.
• 27:36
  [SPEAKER_00]: Before it was the banks.
• 27:38
  [SPEAKER_00]: Before it was the credit cards.
• 27:43
  [SPEAKER_00]: That's why I say being consumer debt-free is not the end goal, but it is the starting line.
• 27:50
  [SPEAKER_00]: The goal is to put the majority of your money to work I agree with that.
• 27:56
  [SPEAKER_00]: And you can't put your money to work if this already being promised to somebody else.
• 28:01
  [SPEAKER_00]: And watch this, do somebody else who don't give a crap about you and your last name.
• 28:08
  [SPEAKER_00]: Please move over to number five, which is cement the legacy.
• 28:12
  [SPEAKER_00]: Legacy.
• 28:14
  [SPEAKER_00]: That's where you pay off your home, y'all.
• 28:16
  [SPEAKER_00]: When the mortgage is gone, the biggest bill is gone.
• 28:21
  [SPEAKER_00]: And now even more of your paycheck goes to work and to your family.
• 28:27
  [SPEAKER_00]: And that's how you change your family tree.
• 28:32
  [SPEAKER_00]: Your kids watch you own the house instead of watching you pay the bank back for 30 years.
• 28:41
  [SPEAKER_00]: I'm going to show what people who followed this and who paid off their whole, specifically I want to have black people on the show.
• 28:52
  [SPEAKER_00]: Stay tuned for that.
• 28:55
  [SPEAKER_00]: Over in Proverbs 22 verse 7, it says to rich rules over the poor, and the bar is servant to the lender.
• 29:06
  [SPEAKER_00]: I don't want you serving the lender with your paycheck.
• 29:11
  [SPEAKER_00]: I want your paycheck serving you, your family.
• 29:20
  [SPEAKER_00]: I was sitting down with a couple of couples who were young.
• 29:23
  [SPEAKER_00]: As we're in in today's episode, young and they're black.
• 29:33
  [SPEAKER_00]: And while I was riding to have a look at the new church that our pastor is building our pastors, pastor Stephen as our channel are building.
• 29:41
  [SPEAKER_00]: I was having a conversation with one of them who paid off the house like two, three years ago.
• 29:47
  [SPEAKER_00]: And I say, bro, I'm sick.
• 29:51
  [SPEAKER_00]: It doesn't make sense on paper to do it.
• 29:57
  [SPEAKER_00]: He looked at me.
• 30:00
  [SPEAKER_00]: And he said, it doesn't have to make sense on paper.
• 30:05
  [SPEAKER_00]: But it makes sense emotionally from me in my life.
• 30:13
  [SPEAKER_00]: He said to know that if life was to happen, if our jobs were to let us go.
• 30:19
  [SPEAKER_00]: That when I go home, I don't have a mortgage payment.
• 30:23
  [SPEAKER_00]: I don't have car notes.
• 30:25
  [SPEAKER_00]: I don't have any debt.
• 30:28
  [SPEAKER_00]: that to live, and they live, and they knyxle, and a nice community.
• 30:33
  [SPEAKER_00]: He said, but to live, we only need about $2500 a month.
• 30:36
  [SPEAKER_00]: To live.
• 30:45
  [SPEAKER_00]: said Anthony with the investment portfolio that we've built.
• 30:50
  [SPEAKER_00]: That if we had the pool out of the investment portfolio, or even if we had the sell the house to downsize, we could generate $15,000 a month.
• 31:02
  [SPEAKER_00]: If I didn't sell the house, I could generate right around $75,000 a month.
• 31:14
  [SPEAKER_00]: Y'all, that's wealth.
• 31:16
  [SPEAKER_00]: That's freedom.
• 31:19
  [SPEAKER_00]: So when I hear people saying, man, being debt-free isn't wealth, I agree with that, but it is the foundation of building wealth.
• 31:33
  [SPEAKER_00]: I know a lot of people do not like my message because I do not believe in leveraging.
• 31:40
  [SPEAKER_00]: Because we've been teaching leveraging for years.
• 31:46
  [SPEAKER_00]: While I do believe that there is a certain conversation with a certain group of people that leveraging makes sense for the majority of us.
• 31:54
  [SPEAKER_00]: If the numbers are showing the majority of us are struggling, that last thing we need to be teaching the majority of us is how to leverage.
• 32:03
  [SPEAKER_00]: We have to be teaching how to properly get out of where we are.
• 32:09
  [SPEAKER_00]: how to position ourselves to build freedom.
• 32:12
  [SPEAKER_00]: Now, once you get to a level of freedom, I do believe that there is a conversation about leveraging to get to the next level, especially if you're gonna be launching a business.
• 32:24
  [SPEAKER_00]: So, I have the Neil Neil, will never teach you how to borrow money, and how to leverage.
• 32:32
  [SPEAKER_00]: I'm gonna teach you how to stop living page at a paycheck.
• 32:36
  [SPEAKER_00]: I'm gonna help you,
• 32:38
  [SPEAKER_00]: Get to three months inside your bank account.
• 32:40
  [SPEAKER_00]: I'm going to get you to where you have peace, to where you have options.
• 32:47
  [SPEAKER_00]: And then I'm going to teach you, once we get you there, all right.
• 32:53
  [SPEAKER_00]: Not a week at peace, and some breathe and roll, we got some margin of work with, what is this strategy to use with that margin to get us to millions?
• 33:03
  [SPEAKER_00]: last is, not so that we can show off, but so that our children's children will not have to duplicate what we've been through.
• 33:16
  [SPEAKER_00]: That's what we're going deeper into the community because I can't teach everything here on YouTube.
• 33:24
  [SPEAKER_00]: So I hired a coach to come in and help us, it's called the Freedom Service, I'm going to be inside the show notes.
• 33:31
  [SPEAKER_00]: Come join us because y'all we go and deeper and I'm ready.
• 33:36
  [SPEAKER_00]: And I'm excited.
• 33:38
  [SPEAKER_00]: Shippo Anthony O'Neill.
• 33:39
  [SPEAKER_00]: I love you God bless you.
• 33:41
  [SPEAKER_00]: I'll see you next y'all.