Latest / Motion and Success / 3 Millionaires Reveal How to Build Wealth Through Real Estate & Buying Businesses!
Transcript
- 0:00[SPEAKER_02]: The first thing I always says, you have to pay yourself first.
- 0:02[SPEAKER_02]: We realize there's a lot of business owners, high income earners, people that have not a five jobs, corporate jobs, and they make it money, but they don't know how to grow their money.
- 0:11[SPEAKER_04]: They've been working the job for so long, and it's good to take risks.
- 0:15[SPEAKER_04]: How much more can you do if you land the world up in your run?
- 0:17[SPEAKER_01]: I'm near an retirement, and it feels like I can't even retire.
- 0:22[SPEAKER_01]: Let's say you sell sneakers, right?
- 0:23[SPEAKER_01]: You were able to sell your sneakers for $100.
- 0:25[SPEAKER_01]: Now, it cost you $80 to make your sneakers.
- 0:28[SPEAKER_01]: What do you do?
- 0:28[SPEAKER_01]: Every time you wait, it gets more expensive.
- 0:30[SPEAKER_00]: The two words that are going to be death to you as something goes wrong is going to be a fucking shit.
- 0:36[SPEAKER_03]: Starting a business versus buying a business, which one would you pick?
- 0:41[SPEAKER_02]: He's one of the richest black men in America.
- 0:43[SPEAKER_02]: He's not an athlete.
- 0:44[SPEAKER_02]: He's not an entertainer.
- 0:46[SPEAKER_02]: He's not an influencer.
- 0:48[SPEAKER_02]: He's literally somebody that has a fucking
- 0:51[SPEAKER_03]: Worst of red flags in the green flags that you probably ignore.
- 0:56[SPEAKER_04]: Hey, it was going on family's eye-op promotion and success.
- 0:58[SPEAKER_04]: And before we get into this episode, I wanted to add you a quick question.
- 1:01[SPEAKER_04]: Are you a high-ticket coach, doctor, a lawyer, a nurse practitioner, or a licensed professional, who's really good at what you do, but guess what?
- 1:10[SPEAKER_04]: Nobody knows you.
- 1:12[SPEAKER_04]: And it's not because you're not good enough, it's because you don't have time.
- 1:15[SPEAKER_04]: You're serving clients and running a list.
- 1:17[SPEAKER_04]: Conson is the last thing on your list.
- 1:19[SPEAKER_04]: Myself and Cody, we know the content game on.
- 1:23[SPEAKER_04]: We've been motioning success to well over half a million people across all platforms That's Instagram TikTok YouTube Facebook and the list goes on we've worked with six seven and eight figure entrepreneurs Now the good news here is you yes you can be next our team that's behind some of our most viral moment millions of views You now have the opportunity to have them at your hands to handle your organic content and bring you and paying clients
- 1:52[SPEAKER_04]: Bill handle your script, your strategy, and your editing.
- 1:56[SPEAKER_04]: All you literally have to do is record four times out of the 90 days that you'll be working with us.
- 2:01[SPEAKER_04]: And this isn't just content just for likes.
- 2:03[SPEAKER_04]: Every single post is built to bring you and leads into your business that can turn into paying clients.
- 2:09[SPEAKER_04]: And we track everything so we know what's working and we know what's not working and we'll do more of what's working to bring you and paying customers.
- 2:17[SPEAKER_04]: If you got a proven offer and already making money in your business, fill out the form down below and myself or my team will reach out to you.
- 2:25[SPEAKER_04]: Let's get back to the episode.
- 2:26[SPEAKER_04]: This is gonna be a banger.
- 2:27[SPEAKER_03]: All right, y'all, so welcome back to another episode.
- 2:29[SPEAKER_03]: Emotion is success.
- 2:30[SPEAKER_03]: Listen guys, my name is Cody Brown.
- 2:31[SPEAKER_03]: I got my coals with me.
- 2:32[SPEAKER_04]: It's all your luck.
- 2:33[SPEAKER_04]: We back with another amazing episode, man.
- 2:36[SPEAKER_04]: I'm excited for this one, bro.
- 2:37[SPEAKER_03]: Listen, this is another podcast with three high-level entrepreneurs that has been crushing it in their individual spaces and we had the opportunity to be able to get three of them all in one room all at one time to be able to break it down and show you guys how you guys are able to go out there and grow y'all businesses.
- 2:56[SPEAKER_03]: You want to learn about real estate.
- 2:57[SPEAKER_03]: This is the podcast for you.
- 2:59[SPEAKER_03]: If you want to learn about structuring your business properly, this is the podcast for you.
- 3:04[SPEAKER_03]: If you want to learn about getting grants and getting funding,
- 3:06[SPEAKER_03]: This is the podcast you need to tune into and last but not least, if you want to learn about insurance and actually jumping into buying businesses and self storage units, this is the podcast for you because the individuals we're getting ready to introduce to you guys has been crushing it for the past few years.
- 3:23[SPEAKER_03]: All you can get started with us, bro.
- 3:24[SPEAKER_04]: definitely.
- 3:25[SPEAKER_04]: So this is like the part two, the last one we had, it was in Philly.
- 3:31[SPEAKER_04]: Yeah, it was in Philly.
- 3:32[SPEAKER_04]: On live on stage, I definitely added tremendous value to people's lives.
- 3:38[SPEAKER_04]: So I definitely want a little bit of update, you know, what's been going on this time around, what, like what,
- 3:45[SPEAKER_04]: What more, like, what more value are you guys going to be providing to the people that's watching this, especially a lot of people is going to be excited, people going to be coming in like, hey, look, I want to learn a real estate on how to protect my business, I'm going to get into self storage, like, what are some things that you guys been up to update wise, business wise, like, tell us a little bit about it.
- 4:04[SPEAKER_03]: Yeah, and also introduce yourself.
- 4:05[SPEAKER_03]: Just tell the young names as well.
- 4:06[SPEAKER_04]: Ladies first.
- 4:07[SPEAKER_00]: Okay.
- 4:08[SPEAKER_00]: Hi, I'm Joy Haunt, your business bestie.
- 4:10[SPEAKER_00]: I've been a VISTA attorney since 2004 in a serial.
- 4:13[SPEAKER_00]: Entrepreneursus 2006, and I help you structure fun and market your business to the bank.
- 4:18[SPEAKER_00]: I teach you how to market your business, how to structure a visit, how to protect your assets, how to scale.
- 4:24[SPEAKER_00]: I have a book.
- 4:26[SPEAKER_03]: Yes.
- 4:27[SPEAKER_00]: from broken to the bank.
- 4:29[SPEAKER_00]: If you're on your second, third, fourth run at life, you want to get this book, my 21 laws, how to get your comeback, leaving a toxic marriage, losing everything and having to bail back again is tough, but we're got, he's going to get you through so, broken to the bank on Amazon.
- 4:43[SPEAKER_01]: I love it, I love it.
- 4:45[SPEAKER_01]: Definitely get your copy.
- 4:46[SPEAKER_01]: Derek Boone, Relic State Investor, been in Relic States since 2016, made a lot of millions in this business and helped at this point over 100,000 people, which is getting started in Relic State, learning about Relic State, and just create wealth and cash for themselves.
- 5:00[SPEAKER_01]: When this podcast, I personally want to just give as much volume and as much game as possible.
- 5:05[SPEAKER_01]: to where people can watch this and then do something right afterwards.
- 5:09[SPEAKER_01]: Not next year, I mean, like, today's Monday, they can start to one Tuesday.
- 5:12[SPEAKER_01]: So that's my goal for this.
- 5:14[SPEAKER_01]: Love it.
- 5:14[SPEAKER_02]: And it's Rob Melto, self-storage king.
- 5:17[SPEAKER_02]: We teach people how to buy businesses creatively.
- 5:19[SPEAKER_02]: You don't got to start from scratch.
- 5:21[SPEAKER_02]: You can buy something that's already existing.
- 5:22[SPEAKER_02]: And we decided to come together to give out the wealth code, right?
- 5:26[SPEAKER_02]: How to build your income, how to protect your income, how to pass it down.
- 5:31[SPEAKER_02]: because we've been teaching you know for a very long time and one of the things we've realized there's a lot of business owners.
- 5:36[SPEAKER_02]: I'm high income earners.
- 5:38[SPEAKER_02]: People that have 95 jobs, corporate jobs, and they're making money, but they don't know how to grow their money.
- 5:44[SPEAKER_02]: All right.
- 5:45[SPEAKER_02]: They're making money and they look back at the end of the year.
- 5:48[SPEAKER_02]: It's like my lifestyle don't reflect the money that I'm in, right?
- 5:51[SPEAKER_02]: So these are the things that we want to help them turn their dollars and make it work for them multiple times.
- 5:56[SPEAKER_02]: And also, we won't give a lot of game.
- 5:59[SPEAKER_02]: Every time we have emotions coming up, we're gonna give a lot of game.
- 6:02[SPEAKER_02]: You wanna give a step by step looping, like from A to Z, sitting on the couch, right now in your car, wherever you are, and you watch this episode, how can you actually get started building income now and presenting your income to pass now?
- 6:17[SPEAKER_03]: Yeah.
- 6:17[SPEAKER_03]: And one thing I want to let you guys know as the audiences, it's October 2026.
- 6:23[SPEAKER_03]: Last year, you guys had a conference or meeting or gathering in Philadelphia around this time last year.
- 6:31[SPEAKER_03]: Yeah.
- 6:32[SPEAKER_03]: Fast forward.
- 6:34[SPEAKER_03]: One year later, you guys are...
- 6:36[SPEAKER_03]: back together doing things all over again, like how is things been for like the community, how is things been for the people that you guys been impacting together as a trio, like, how's it going to happen?
- 6:49[SPEAKER_01]: Yeah, amazing.
- 6:51[SPEAKER_01]: Since then, we have a lot of
- 6:54[SPEAKER_01]: It's inspiring investors that turn into room, investor from that event.
- 6:57[SPEAKER_01]: So a lot of people tap them with us, and they end up getting access to funding, they end up getting access to property, getting access to more wealth, through real estate, through life insurance, through business.
- 7:07[SPEAKER_01]: So since then, a lot has changed, not necessarily for us, but for the people that's been tapping with us.
- 7:12[SPEAKER_02]: Yeah, and I want to add to that because we just not,
- 7:15[SPEAKER_02]: individuals that's just talking about, right?
- 7:17[SPEAKER_02]: But there's, I don't even know how many investors we had, like in our last program that actually partnered with us in flip prom bees and make profits became partners in so storage businesses and been able to truly get in the game and not just be on the sidelines and learning and taking notes in.
- 7:32[SPEAKER_02]: being an information junkie.
- 7:34[SPEAKER_02]: We put our students in a game, so that's what we take part in.
- 7:38[SPEAKER_02]: I love it.
- 7:39[SPEAKER_04]: Yeah, we definitely even at the event.
- 7:41[SPEAKER_04]: We interact with some of the people who was there last year.
- 7:43[SPEAKER_04]: Some of them was like, hey, look, you know, I bought my first property.
- 7:47[SPEAKER_04]: Started my first LLC first business.
- 7:49[SPEAKER_04]: So a lot of great things have been, you know, from these events you guys throw.
- 7:53[SPEAKER_04]: So I do want to actually, you know, on the side of like high income earners, right?
- 7:57[SPEAKER_04]: Like people who they're making a lot of money, lawyers, doctors,
- 8:02[SPEAKER_04]: But a lot of them, they've been working the job for so long.
- 8:06[SPEAKER_04]: They just get to take risks.
- 8:09[SPEAKER_04]: So what are some things for the people who have their first $10,000?
- 8:14[SPEAKER_04]: So like, hey, look, I got $10,000 or $50,000 saved up.
- 8:21[SPEAKER_04]: What's like the first thing you would advise them to do?
- 8:24[SPEAKER_02]: The first thing I always says, you have to pay yourself first.
- 8:27[SPEAKER_02]: When you make money, everybody get paid first.
- 8:29[SPEAKER_02]: I'm going to say, I'm the bank, the bills, you're just the brother, your cousin, the husband, the wife, everybody get paid.
- 8:34[SPEAKER_02]: And then you get left with pennies.
- 8:36[SPEAKER_02]: And that's why you've realized, man, I'm making this money, but where is that?
- 8:39[SPEAKER_02]: Because you didn't pay yourself first.
- 8:41[SPEAKER_02]: And it's different than coups that you can use, but the vehicle that I love the most is life insurance.
- 8:46[SPEAKER_02]: So if you have $10,000, you can open up a whole life insurance policy with $10,000 and really less than that.
- 8:53[SPEAKER_02]: You'll be able to get easily a million dollars in depth benefit.
- 8:56[SPEAKER_02]: You'll be able to build up cash value.
- 8:58[SPEAKER_02]: So that $10,000, you could actually go and get a lot of credit against it.
- 9:02[SPEAKER_02]: So it's going to grow at an average, anywhere with 8% to 10% compounded in your sleep.
- 9:07[SPEAKER_02]: But you now can take that money, leverage against it, and now you can go in the vests.
- 9:12[SPEAKER_02]: Right?
- 9:12[SPEAKER_02]: Go buy a business, go in vests in real estate.
- 9:14[SPEAKER_02]: So now you're having your money work for you twice.
- 9:17[SPEAKER_02]: I mean, it'll be continued to go.
- 9:19[SPEAKER_02]: One more thing I want to say is far as hot earned is I talked about it.
- 9:21[SPEAKER_02]: That's how I'm gonna pot it, right?
- 9:23[SPEAKER_02]: We talked about the 401k and I tell so many hot earned is that working corporate jobs, the 401k is a trap.
- 9:32[SPEAKER_02]: It's a financial trap, it's the worst place you can have your money.
- 9:35[SPEAKER_02]: And if you want somebody else to control your money and dictate what happens, what is the great?
- 9:39[SPEAKER_02]: Be my guest, but the 401k is a product that only benefits Wall Street and it benefits the employer.
- 9:48[SPEAKER_02]: for giving you that 3%, they also take your money and they go and invest it into the stock market.
- 9:54[SPEAKER_02]: They put it into what is called Bowley, so that's bank own life insurance.
- 9:57[SPEAKER_02]: So they do all of the great things that you can do, but they control your money and say that you control them.
- 10:03[SPEAKER_02]: I've been covering all high income earners, business owners, people that's making money, bill for retirement, but put it in your own vehicles that you can control and get the most benefits.
- 10:13[SPEAKER_04]: Now you got to point, I mean, even the last time we posted a lot with the forum on K, it went crazy.
- 10:20[SPEAKER_04]: And a lot of people in the comments, it was like a lot of back and forth.
- 10:23[SPEAKER_04]: But one thing that I am noticing is that a lot of people are getting smarter because they're noticing like, hey, look.
- 10:29[SPEAKER_04]: I'm nearing retirement and it feels like I can't even retire.
- 10:33[SPEAKER_04]: Like, and then I'm here and that they're trying to raise it to 70.
- 10:37[SPEAKER_04]: So a lot of people are getting smarter.
- 10:38[SPEAKER_04]: So now they're looking for different avenues.
- 10:41[SPEAKER_04]: And that's where you guys come in.
- 10:42[SPEAKER_04]: So I know you said, get in in life insurance.
- 10:45[SPEAKER_01]: What about you, Derek?
- 10:46[SPEAKER_01]: I'm big on rubber state and the reason why I personally like rubber state because you can kind of hit a couple different avenues, couple different angles at one, so first thing when you buy the asset, rubber state goes up four to five percent every single year.
- 10:59[SPEAKER_01]: So I have houses that went up a lot of money, I didn't do anything, didn't touch them, I haven't even been inside of them.
- 11:05[SPEAKER_01]: So now that's it what I like to call actually save as a count because when the money goes up you can always pull it out So and let's say next year you say hey, look, I want to do so many $10,000 You can literally go and pull somebody out money out the refinance line of credit all these different avenues that kind of pull some cash out We kind of seen this with you know some people may refinance the house to go ahead and get renovation refining the house to put their kids to college refining the house to go ahead and pay for
- 11:31[SPEAKER_01]: a trip or different things like that but now we refinance it and we use that to start another business two different things like that So that's the first thing the second thing is cash flow When you actually have a property that's rented out you may not be able to get a million dollars from one tenant But this may be 700,000 1200 whatever that amount of money is from that tenant has extra cash flow you get coming in and what I always like to say is
- 11:54[SPEAKER_01]: We just talked about this earlier, financial freedom just made you free from finances.
- 11:58[SPEAKER_01]: So now, okay, I got rent that's $1500 a month.
- 12:01[SPEAKER_01]: Okay, one or two properties like that out.
- 12:04[SPEAKER_01]: How much more can you do if you don't have the word up in your rent?
- 12:07[SPEAKER_01]: How much breathe in room do you have now that you have the word up in for rent?
- 12:11[SPEAKER_01]: How many more things you can do with your family?
- 12:13[SPEAKER_01]: That's one extra beach trip a year or one extra beach trip a month.
- 12:17[SPEAKER_01]: Because now someone else is paying for that.
- 12:19[SPEAKER_01]: The other thing that I like to go ahead and you know, Angle for Brother State if you are a high-income owner, Tax Breaks.
- 12:25[SPEAKER_01]: If I show you what my tax bill was prior to them, Addents at a Brother State where you like damn.
- 12:30[SPEAKER_01]: It wipes things completely out.
- 12:32[SPEAKER_01]: So it's so many different angles from you just going to invest in maybe $10,000.
- 12:36[SPEAKER_01]: It's a damn payment to buy a property.
- 12:38[SPEAKER_01]: You get the equity.
- 12:40[SPEAKER_01]: you get the cash flow, you get the tax breaks, and then on top of that, when you get to that point, you can pass it down.
- 12:46[SPEAKER_01]: So imagine you have a child now, 18 years from now, think about how much less that mortgage payment would be, or if the mortgage payment is even around any more, 18 years, you just pass your son, who you're doing or property that was, 200,000 you bought it, but now, times 18 years by four to five percent a year.
- 13:04[SPEAKER_01]: They just came up a couple hundred grand on top of the money you've been making.
- 13:08[SPEAKER_01]: Like it just it just makes sense off of $10,000 a day on pin.
- 13:11[SPEAKER_04]: I didn't want to add to because the interest rates to other people might bring up interest rates.
- 13:15[SPEAKER_04]: They might say, hey, look, I think right now it's like seven point to eight.
- 13:19[SPEAKER_04]: So he was going to say, hey, let's wait in less, wait till he drops.
- 13:22[SPEAKER_04]: Do you think like that's a good decision or what they're making a mistake?
- 13:25[SPEAKER_01]: I mean, I should as at one year it was like 2.75% then on with the fork and then on the forward and with the five then with the seven So you keep waiting and it was going to have it.
- 13:33[SPEAKER_01]: You're going to wait for it to go to sin thinking like damn I should have went last year Sure, so we can't predict the future, but we do know things do go up
- 13:42[SPEAKER_01]: Every time you wait, it gets more expensive.
- 13:44[SPEAKER_01]: So the other piece that that is I may ask you guys that's right You you are you in some type of business.
- 13:51[SPEAKER_01]: I say you sell sneakers, right?
- 13:52[SPEAKER_01]: Tares material goes up So now you were able to sell your sneakers for a hundred dollars now a cost you 80 hours to make this nigga.
- 14:00[SPEAKER_01]: What do you do?
- 14:03[SPEAKER_01]: When you want a section eight, you can go ahead and do rent increases every single year.
- 14:07[SPEAKER_01]: So now that rent was $1500, now you can rent put an increase up, maybe do $1700.
- 14:12[SPEAKER_01]: You can increase all, I don't know any apartment that was the same price for the last seniors.
- 14:16[SPEAKER_01]: They all went up.
- 14:17[SPEAKER_01]: They go up every year.
- 14:19[SPEAKER_01]: When I used to live in a apartment building, they sent at the end.
- 14:21[SPEAKER_01]: Three months before my lease was up.
- 14:23[SPEAKER_01]: Hey, look, we're going from $2500 to $2800.
- 14:26[SPEAKER_01]: My last place I went to, they went from 3,500 up to 4,000, and that's when I moved out some of the bottles.
- 14:32[SPEAKER_01]: So these are things that will happen, like you said, interest, but you can always charge more.
- 14:38[SPEAKER_01]: So cares about the interests if I can still make a great return on the back end.
- 14:42[SPEAKER_01]: We worry about the cost but not the value of something.
- 14:44[SPEAKER_03]: Yeah.
- 14:45[SPEAKER_03]: I do want to circle back on that topic that you mentioned where people are having, like, they have houses, like, talking about,
- 14:54[SPEAKER_03]: House, I forgot how they say it.
- 14:56[SPEAKER_03]: House, how rich it cash poor.
- 14:59[SPEAKER_03]: Yeah.
- 14:59[SPEAKER_03]: A lot of times is, we, you know, people will like, I'm a bias, much properties I can.
- 15:05[SPEAKER_03]: But I know Ramele for you, it's like, yo, I had like 10, 20 plus properties.
- 15:09[SPEAKER_03]: That's right.
- 15:09[SPEAKER_03]: And I wasn't making no money.
- 15:11[SPEAKER_03]: So like, you know, a lot of times is when it comes to the real estate strategy, I definitely want to talk about that after I want to get joint involved as well.
- 15:18[SPEAKER_03]: I'm talking about that, the cash rich, and I mean, cash rich, cash rich, cash rich, yeah.
- 15:25[SPEAKER_03]: But one of the things that I know is, all three of you guys are parents, right?
- 15:30[SPEAKER_03]: All you guys have children.
- 15:33[SPEAKER_03]: as a business attorney, you know, you have your son, like what's some of the things that you instill within your son and your family to be able to make sure that you guys are increasing your wealth, making more money, increasing the household, and coming all of those things, like, what's some of the things that you've been doing over the past two plus years or so?
- 15:54[SPEAKER_00]: Well, one, he's an entrepreneur, so making sure that he understands that he has to go out here and create his own money.
- 16:03[SPEAKER_00]: So he has his trash can cleaning business.
- 16:06[SPEAKER_00]: He now sells fishing bait.
- 16:11[SPEAKER_00]: And he also is selling basketballs.
- 16:15[SPEAKER_00]: So he's whenever whatever he wants to do to create when you have to be able to create your lane of making money So I'm really big on entrepreneurship because you can never go wrong once you know how to fish Sorry to break this amazing episode.
- 16:28[SPEAKER_04]: I just have to let you guys know the
- 16:30[SPEAKER_04]: Best tool for marketing in 2025 is podcasting.
- 16:34[SPEAKER_04]: Listen, it transformed our lives across all platforms.
- 16:37[SPEAKER_04]: We was able to hate 15 million plus people.
- 16:40[SPEAKER_04]: Imagine what it did for our business.
- 16:42[SPEAKER_04]: To mention, we also have some notable likes just through podcasting.
- 16:46[SPEAKER_03]: People like you same boat, the way in Wade, Kevin Garneet, Steven A. Smiths, Edrick the entertainer.
- 16:52[SPEAKER_03]: Queen Latifa.
- 16:53[SPEAKER_03]: But more importantly, having engagement by your dream clients is probably the most important thing that will move the needle for you and your business.
- 17:01[SPEAKER_03]: So what we want to teach you is exactly how to go out and start creating an amazing content that will find your dream audience to go ahead and start paying you for your products and your services.
- 17:11[SPEAKER_03]: If you want to be able to learn exactly how to build up an audience and build up a brand online,
- 17:16[SPEAKER_03]: where people start knowing you like you and buying from you for your products and services, what I want to do is invite you guys to our next free masterclass.
- 17:24[SPEAKER_03]: We're going to show you exactly how you can start taking your content and being seen online by your dream clients and possibly be some celebrities as well.
- 17:32[SPEAKER_03]: Go ahead and click the link down below and I'm going to see you guys in that next masterclass.
- 17:36[SPEAKER_03]: Right, right, right.
- 17:38[SPEAKER_04]: I did want to add to because even when it comes to business and you know,
- 17:43[SPEAKER_04]: If you want to get in a real estate, you've got to be able to start at LLC.
- 17:46[SPEAKER_04]: And if you want to buy a business, you've got to start at LLC.
- 17:49[SPEAKER_04]: You've got to be able to protect yourself.
- 17:50[SPEAKER_04]: We kind of see what happened to Pinky Cole.
- 17:54[SPEAKER_04]: The details of what happened, you know, her situation.
- 17:57[SPEAKER_04]: She said, you know, she admitted like she put certain things under her name.
- 18:00[SPEAKER_04]: And then she was the one that they ended up coming after.
- 18:04[SPEAKER_04]: So like,
- 18:05[SPEAKER_04]: What are some ways now that people get the LOC?
- 18:07[SPEAKER_04]: What are some ways that they could also protect themselves?
- 18:10[SPEAKER_04]: Whether it's business partnerships or contracts?
- 18:14[SPEAKER_04]: Like what are some ways that they could protect themselves?
- 18:16[SPEAKER_00]: Number one, knowing how to sign a contract as an LLC or corporation owner.
- 18:21[SPEAKER_00]: So when we're trying to steal the deal or get the property, we're so quick to sign that data line that we don't read the contract.
- 18:35[SPEAKER_00]: Death to you, as I think goes wrong, is gonna be personal guarantee.
- 18:39[SPEAKER_00]: So you wanna make sure that in that contract, you are not signing up as a personal guarantee.
- 18:43[SPEAKER_00]: So the contract may be in your business name.
- 18:46[SPEAKER_00]: But if you're saying I'm a personal guarantee, which I believe is what she had to do.
- 18:49[SPEAKER_00]: She had to say, this is business debt, but I'm gonna say if the business defaults on it, I'm now responsible.
- 18:56[SPEAKER_00]: And if you sign as a personal guarantee, and you have a bad month, a bad season, a bad, whatever which happens in business,
- 19:06[SPEAKER_00]: Making sure that when you're signing a contract, you're signing on behalf of your role of the business.
- 19:11[SPEAKER_00]: So I am the CEO, I'm the manager, I am the vice president, not just signing your name.
- 19:18[SPEAKER_00]: If you just sign your name on the contract, then you're saying, I'm viable for this obligation, which is the feast the whole point of having the LLC.
- 19:27[SPEAKER_00]: On the flip side.
- 19:29[SPEAKER_00]: is business.
- 19:32[SPEAKER_00]: If an opportunity comes to be able to get access to capital to invest, to get equipment, to get inventory, sometimes you are going to have to put your name on the line.
- 19:41[SPEAKER_00]: So the question is going to be, is this deal one that I feel that I can manage or am I not sure?
- 19:50[SPEAKER_00]: because if I put my name on the on this dot of line inside of the personal guarantee, I'm saying, I'm guaranteeing my house, my car, the mine, the bank, I'm on the line.
- 20:01[SPEAKER_00]: And part of business is we can be winning in season one and then something happened in season two, it just, it goes left.
- 20:11[SPEAKER_00]: So on the flip side,
- 20:14[SPEAKER_00]: uh... bankruptcy is a tool that if you do get too much in debt we have to wipe wipe that debt clean and start over new or be able to restructure the debt meaning if i owe a hundred thousand dollars i can now say hey i and god if i want to keep my asset they'll say will pay your uh... pay your people fifty grand and will wipe out fifty grand you can still keep the asset and wipe out part of that debt so bankruptcy is a tool i know it's you know uh... it sounds bad and
- 20:43[SPEAKER_00]: It's not like a, it's not something that you want to do, but it's there for you.
- 20:47[SPEAKER_00]: So if I'm scaling, if I'm growing and things are going good, but then the tariffs come.
- 20:52[SPEAKER_00]: And now my cost has just triple.
- 20:55[SPEAKER_00]: Well, I can't get, I can't get from around that.
- 20:57[SPEAKER_00]: So I may, I may have to default because my profit margin is now gone.
- 21:03[SPEAKER_00]: See, things happen.
- 21:04[SPEAKER_00]: So, but to make sure that you're, that you're not tied to that contract is you're signing it correctly and you're not a personal guarantee.
- 21:12[SPEAKER_03]: Also, too, another thing is we're in a world where there's people that literally, like their entire job is really just to go into other people's things down businesses, house, cars, everything.
- 21:27[SPEAKER_03]: What are some of the ways that people can protect their business properly?
- 21:32[SPEAKER_03]: So that way, you don't got a regular person that is a professional, slip and faller.
- 21:37[SPEAKER_03]: All right, I'm going to do a quick serve real quick just to get a quick assurance back.
- 21:41[SPEAKER_03]: You know what I mean?
- 21:43[SPEAKER_03]: Like, how do you protect yourself as a business owner, especially if you got some kind of online business, you know, online businesses have been growing, brick and mourners, you know, a lot of people have brick and mourners as well.
- 21:54[SPEAKER_03]: How do we protect ourselves?
- 21:56[SPEAKER_00]: Number one, you want to have an entity and LLC or corporation to separate you and your assets from the business.
- 22:04[SPEAKER_00]: If you have multiple businesses and each business needs to have its own LLC or corporation, so something happens in business A, you want to think business B, C or D.
- 22:14[SPEAKER_00]: Um, if we own assets, we do not want to operate in LLC or corporation with the same entity that owns the asset.
- 22:22[SPEAKER_00]: You want to separate your assets out, either a trust or a holding company.
- 22:25[SPEAKER_00]: So if the operating company gets sued, you don't lose the asset.
- 22:30[SPEAKER_00]: a following corporate formalities aka running your business like his mom or so not co-mingling personal and business expenses that business card and getting a last is done, getting your nails done, making sure that you're filing your LLC and your report to make sure that you have an active LLC because once your LLC comes and active, you don't have an LLC.
- 22:49[SPEAKER_00]: having the proper contracts like bylaws for corporations are an operating agreement.
- 22:53[SPEAKER_00]: So making sure that you're running it like it's a real business.
- 22:57[SPEAKER_00]: On the flip side, I'm going to say mentorship, right?
- 23:00[SPEAKER_00]: If you've never ran a business before, you need to learn something.
- 23:03[SPEAKER_00]: Because you ever heard of a UCC loan, like these people will come to you saying, hey,
- 23:09[SPEAKER_00]: We want to give you money, like nine or ten times.
- 23:12[SPEAKER_00]: Someone will contact you to give you some money that's not the money you want.
- 23:15[SPEAKER_00]: And this is under the take that long not understanding the long repayment schedule is weekly.
- 23:22[SPEAKER_03]: Yeah.
- 23:23[SPEAKER_00]: The interest rate is death.
- 23:25[SPEAKER_00]: And you cannot keep that that loan is meant to default.
- 23:29[SPEAKER_00]: So there's no way that you can keep a one bad week in this Arab.
- 23:33[SPEAKER_00]: And then now when you were so excited to sign that sign to get that money, you on that is going to be a personal guarantee.
- 23:40[SPEAKER_00]: So now your house can be lost.
- 23:43[SPEAKER_00]: your car can be lost.
- 23:46[SPEAKER_00]: Now you got to go home and tell your spouse, hey, you got to pack now we got that monkey that's trust remind you next.
- 23:51[SPEAKER_00]: So that's how quickly it can go.
- 23:52[SPEAKER_00]: So just understanding that there's good in bed and be mindful of what you're signing.
- 24:00[SPEAKER_04]: Then when I did want to also ask you to because being at your business attorney, you went through, you know, you told the crazy story about your divorce and getting locked out of
- 24:14[SPEAKER_04]: Business attorney joy know that entrepreneur joy didn't know in terms of like protecting itself out of something like that.
- 24:23[SPEAKER_04]: Like doing business with people you make considered that you love friends, close relationships.
- 24:28[SPEAKER_04]: Like what are some things that you didn't have in place that you like should have had in place?
- 24:33[SPEAKER_03]: Can I, I don't want to do that to me?
- 24:35[SPEAKER_03]: And if there was any, what's the red flags in the green flags that you probably ignored?
- 24:42[SPEAKER_00]: Number one, entrepreneur joy, new everything.
- 24:45[SPEAKER_00]: Entrepreneur joy didn't do what she knew.
- 24:48[SPEAKER_00]: So when you're doing business with your family,
- 24:53[SPEAKER_00]: over friends, over besties, and so we don't go into it like we're strangers aka we don't have the proper contracts.
- 25:01[SPEAKER_00]: What I did was my soon to be ex-husband that I we owned a dealership.
- 25:06[SPEAKER_00]: We had a tax lien and so the finance company was going to give us a loan to buy cars.
- 25:10[SPEAKER_00]: So we don't want someone that's tax lien.
- 25:12[SPEAKER_00]: So I ended up adding my father-in-law on an LLC.
- 25:15[SPEAKER_00]: When you add to an LLC, they are now an owner.
- 25:22[SPEAKER_00]: He's good to see.
- 25:23[SPEAKER_00]: Oh, we only need a contract with my father-in-law, but you're talking about, yes, you do.
- 25:29[SPEAKER_00]: Then they're like, well, no, we only want one person on there that has no text and so I took my husband's name off.
- 25:36[SPEAKER_00]: Can my father's name on there and edit my mom to represent me?
- 25:40[SPEAKER_00]: So my name is nowhere on the LLC.
- 25:44[SPEAKER_00]: So now that I'm founding for divorce, I'm not thinking that we're about to go play high at the rainbow because,
- 25:51[SPEAKER_00]: for a family like I'm getting at the bars but I'm not going to miss with the money and and it's like oh no no no thanks for now forget my mom being on the LLC he's just saying is my business and when someone has control or takes control over things I'm going to fight it out is in civil court which means attorney's fees.
- 26:11[SPEAKER_00]: So now I am multiple six figures in in litigation, but if I hadn't been blessed to be able to have that kind of money, I would have had to lose the lawsuit.
- 26:20[SPEAKER_00]: So number one, having the proper contracts, right?
- 26:24[SPEAKER_00]: Number two, understanding that in business, it can go left real quick.
- 26:29[SPEAKER_00]: You may not have any yield intent, but you don't, I can't guarantee how you're gonna act or how you're gonna act.
- 26:35[SPEAKER_00]: Number three, understanding that,
- 26:39[SPEAKER_00]: Everyone has a role and we want to make sure that role is not being met.
- 26:44[SPEAKER_00]: Like, what is the repercussions?
- 26:45[SPEAKER_00]: How can we get out of this thing?
- 26:48[SPEAKER_00]: The red flag, I would have said that I kind of just tucked aside was, Joy, your name is nowhere on here.
- 26:57[SPEAKER_00]: So taxing or no tax lien, I should have had my name on something.
- 27:02[SPEAKER_00]: First is just giving it to someone else.
- 27:05[SPEAKER_00]: And so where I will take accountability, especially as a woman, a lot of times, especially when you are a business woman, you wanna kind of just take the breaks off at home.
- 27:16[SPEAKER_00]: I'm tired of making decisions, I'm tired of running things, and I come home, I just want you just to handle that.
- 27:23[SPEAKER_00]: You know, I'm saying, just handle all that.
- 27:24[SPEAKER_00]: Let me just be able to decompress.
- 27:27[SPEAKER_00]: And so I never thought that the person I met when he had nothing would want to hurt me financially.
- 27:35[SPEAKER_00]: So me putting my guard down.
- 27:39[SPEAKER_00]: have me have to now fight to be able to get what's mine, which is why I wrote the wire, I wrote the book from Brooklyn to the bank, but I will say this me having a skill set to be able to make some money is what is what's saving me.
- 27:52[SPEAKER_00]: And so a lot of times, if a woman has been a stay at home on or you know, after a career to raise the kids or help him and then
- 28:00[SPEAKER_00]: Something happens when now she's stuck with nothing and it's kind of harder for her to recover.
- 28:05[SPEAKER_00]: So that's all we have, the wealth code.
- 28:07[SPEAKER_00]: That's what I'm always teaching you.
- 28:08[SPEAKER_00]: You have to be able to have some kind of way of making money.
- 28:11[SPEAKER_03]: Right, right, right.
- 28:12[SPEAKER_03]: Yeah, I do.
- 28:13[SPEAKER_03]: You got to make money.
- 28:14[SPEAKER_03]: So I do want to jump back to where I'm now.
- 28:16[SPEAKER_03]: Because we're talking about making money, increasing our income, increasing the wealth gap.
- 28:21[SPEAKER_03]: Like when it comes to starting a business
- 28:31[SPEAKER_03]: which one would you pick?
- 28:33[SPEAKER_03]: I'm buying a business all day long.
- 28:35[SPEAKER_03]: And what's the reason you will buy the business?
- 28:37[SPEAKER_03]: It's like, what do you see in buying a business versus starting your business from scratch?
- 28:43[SPEAKER_02]: So starting a business from scratch is just hard, bro.
- 28:46[SPEAKER_02]: I just, it's hard.
- 28:48[SPEAKER_02]: You have to come up with the marketing plan.
- 28:50[SPEAKER_02]: You spend money on advertising.
- 28:51[SPEAKER_02]: If you have any money, you don't have the systems.
- 28:54[SPEAKER_02]: Most startup business owners don't have access to capital.
- 28:57[SPEAKER_02]: So now you are solo-prinour entrepreneur, right?
- 28:59[SPEAKER_02]: Because you can't afford the pay of full team.
- 29:01[SPEAKER_02]: You're doing everything on your own.
- 29:02[SPEAKER_02]: You start to get burnt out, which is why 90% of business is failed within the first 10 years.
- 29:06[SPEAKER_02]: Because most people can't sustain to what that process.
- 29:09[SPEAKER_02]: So buying the business is actually an easier path to business ownership.
- 29:13[SPEAKER_02]: It's just that it hasn't been taught to us, right?
- 29:17[SPEAKER_02]: You know, really, you had gatekeepers that didn't put this information out and when you look up the wealthies people in the world is through business acquisitions and by businesses and they sell them you think about some of my like Mark Cuban, right?
- 29:29[SPEAKER_02]: He sold the Dallas Mavericks and then wouldn't purchase a pharmaceutical company right before that he sold a tech company to buy the Dallas Mavericks
- 29:38[SPEAKER_02]: This is the wealth bill of the principles, but they tell us, you go start this thing from scratch, which is definitely possible, but you got to look at the statistics, right?
- 29:48[SPEAKER_02]: You got to be part of that 10%, most people are not part of that 10%, that can successfully put the time in, lose money long enough, right?
- 29:56[SPEAKER_02]: To stay in it, to be able to finally see some results.
- 29:59[SPEAKER_02]: Right.
- 30:00[SPEAKER_02]: And, you know, I teach it in a more simple way.
- 30:03[SPEAKER_02]: So one of the concepts that we teach is getting a coaching period.
- 30:06[SPEAKER_02]: So when you find a business, I say, you get what a self-storage business owner that own this business for 30 years, 25 years, or whatever case may be, we have a set up in the contract where they have to come on as a coaching partner over the next 60 to 90 days as you transition.
- 30:22[SPEAKER_02]: So I take over a business that already have customers.
- 30:24[SPEAKER_02]: It's already making money, already have systems, and the person that's selling me their business is gonna stay in with me to coach me.
- 30:31[SPEAKER_02]: So I say it's like entrepreneurship with training wheels on, but because we're not used to it, we think it's far fetched.
- 30:39[SPEAKER_02]: We think it's not possible.
- 30:40[SPEAKER_02]: And then we think, oh, this storage facility, I need $300,000.
- 30:44[SPEAKER_02]: I need $850 credit school because we're not privy to the information.
- 30:48[SPEAKER_02]: That's not true.
- 30:49[SPEAKER_02]: You just need strategy.
- 30:50[SPEAKER_02]: That's what we teach in a wealth code.
- 30:54[SPEAKER_02]: One of the things that I'll teach is Célefinance is a great strategy on how you buy businesses and believe it or not, more than 80% of businesses that are so is done through some sort of Célefinance.
- 31:06[SPEAKER_02]: That means that the seller is going to act as the bank.
- 31:10[SPEAKER_02]: You don't have to, are we just board a facility about a year or a year ago?
- 31:13[SPEAKER_02]: We didn't go to a bank, strictly Célefinance, and the seller carries a note, we paid them entries, we got a five-year term,
- 31:19[SPEAKER_02]: And we get created to grow the business and the cash flow that we make from the business, we pay him back and say, we're ready to go and finally get a loan to buy out the business, but the beautiful thing is I walked into cash flow.
- 31:31[SPEAKER_02]: So I'm making money while I'm learning the business.
- 31:34[SPEAKER_02]: So I'm all day long buying a business versus starting a business.
- 31:38[SPEAKER_02]: Even though I have business that I started, you know, but if I'm going to talk to a newbie starting out from the bottom,
- 31:46[SPEAKER_03]: We'll say about that business.
- 31:47[SPEAKER_03]: One thing I do like about you, Ramallah, is earlier this year, right?
- 31:52[SPEAKER_03]: You had a conference or meetup in Atlanta, Georgia.
- 31:56[SPEAKER_03]: This is probably like January or so.
- 31:58[SPEAKER_03]: Had the conference, it was like a two or three day conference.
- 32:02[SPEAKER_03]: The next day, you guys all went to Alabama all as one, right?
- 32:07[SPEAKER_03]: Everybody was touring, everybody was kind of seeing the vision, and then I feel like a few weeks later you had a grand opening at the same exact facility, and another thing that I do like is that you bring in other partners to be able to grow that business.
- 32:25[SPEAKER_03]: What's the strategy and
- 32:28[SPEAKER_03]: into different opportunities because you know a lot of people that's making money and doing different things like what's the play behind that?
- 32:35[SPEAKER_03]: It's really just following the blueprint.
- 32:37[SPEAKER_03]: They say success leave clues.
- 32:38[SPEAKER_02]: So one of the people that I read about when I study is Robert Smith.
- 32:44[SPEAKER_02]: He's like when the rich is black men in America, right?
- 32:47[SPEAKER_02]: And it's because he has a private equity firm, he buys businesses.
- 32:51[SPEAKER_02]: And he's one of the richest black men in America.
- 32:54[SPEAKER_02]: He's not an athlete, he's not an entertainer, he's not an influencer, he's literally somebody that has an equity firm, raising capital from people that have money to go buy businesses.
- 33:07[SPEAKER_02]: So for me, our raised capital to build relationships, truly.
- 33:12[SPEAKER_02]: So this person invests, like we have our students in our program, I have other hot network individuals, they'll invest money and we'll grow the business, they'll get
- 33:22[SPEAKER_02]: but it's really mean nurturing those relationships because at some point I know I want to go by a 20 million dollar business and if I, if you can see that I was good with the money and we was doing it at 200,300,000 when it's time for us to do it at 5,6 million.
- 33:37[SPEAKER_02]: I know you know I'm good for it so it's really just building that foundation step by step and that's why we bring on partners, we raise money in the last piece because I used to be opposed to taking on my fiancee, I'm like, I ain't trying to take nobody money.
- 33:49[SPEAKER_03]: I don't want to head in.
- 33:51[SPEAKER_02]: I got my own money.
- 33:53[SPEAKER_02]: But that's a slow around because I'm going to do what I can do and what I have.
- 33:58[SPEAKER_02]: And if I truly want to go faster,
- 34:00[SPEAKER_02]: I have to bring on partners, right?
- 34:02[SPEAKER_02]: So still be mindful of what you take on and in a strategy, but like bigger than anything is the relationships that I've built in.
- 34:10[SPEAKER_02]: So when it's time to go do a major deal, you're gonna be gonna catch it.
- 34:14[SPEAKER_03]: Right.
- 34:14[SPEAKER_03]: And it was like the top few businesses that you typically would, you would go out and start buying because you got all kinds of businesses, you got laundry masks, you got restaurants, you got,
- 34:26[SPEAKER_03]: All kinds of different, you know, stores and different brick and mortar business that you can buy.
- 34:31[SPEAKER_03]: What are you typically going for?
- 34:33[SPEAKER_02]: So I go buy, it's called a rich rich method.
- 34:35[SPEAKER_02]: That's what I break down as my rich acquisition method.
- 34:37[SPEAKER_02]: I have to meet these buckets for me to buy the business.
- 34:40[SPEAKER_02]: The R and the rich stands for reoccurring.
- 34:42[SPEAKER_02]: That means that this business have to make money every single month.
- 34:45[SPEAKER_02]: If I buy a business where I got to sell T-shirts, every single month, I got to find new customers.
- 34:49[SPEAKER_02]: I'm only as good as my wife's sale.
- 34:52[SPEAKER_02]: Right?
- 34:52[SPEAKER_02]: It's like, what you have to do for me lately.
- 34:54[SPEAKER_02]: I don't want a business that I got to keep grinding.
- 34:56[SPEAKER_02]: I need to make money every single month.
- 34:57[SPEAKER_02]: Let's re-occurring.
- 34:58[SPEAKER_02]: The eye is for industry structure.
- 35:00[SPEAKER_02]: So I like essential businesses.
- 35:03[SPEAKER_02]: Meaning that no matter what happens in the economy, up or down, this business is going to thrive.
- 35:07[SPEAKER_02]: So we think about the pandemic.
- 35:09[SPEAKER_02]: When many businesses shut down, storage was still open.
- 35:13[SPEAKER_02]: As a matter of fact, storage was at an all-time high during the pandemic, right?
- 35:16[SPEAKER_02]: Call was she still open, he was driving around, moving around, go over eats, door dash, Amazon people still moving around, parking lots.
- 35:23[SPEAKER_02]: That's another thing.
- 35:24[SPEAKER_02]: So with my so storage facility, right, I have a dish and new land on my storage facility.
- 35:30[SPEAKER_02]: And instead of me adding new storage units on the facility, I just started truck parking.
- 35:35[SPEAKER_02]: So it is a platform called truck parking club.
- 35:38[SPEAKER_02]: It's like Airbnb for truckers.
- 35:41[SPEAKER_02]: So you list the property on Airbnb and then, you know, people see you, got a room in that paper.
- 35:47[SPEAKER_02]: So we list the land on truck parking club, truck parking club, promotes to all the truck drivers in the area, unless the middle that we have space, when truck drivers need to stop because of DOT laws and you can't drive over a certain amount of hours.
- 36:01[SPEAKER_02]: That's what park here on dirt land $30 a day.
- 36:06[SPEAKER_02]: 50 dollars a day, a couple hundred dollars a month.
- 36:07[SPEAKER_02]: You do a retainer, and then you get reoccurring.
- 36:09[SPEAKER_02]: That's addition to income, but these are businesses that's essential, no matter what happens, it's going to thrive.
- 36:15[SPEAKER_02]: And the last two will see is continue cash flow.
- 36:19[SPEAKER_02]: So that means that I want to business while I can pull addition to revenue while every single day.
- 36:23[SPEAKER_02]: We got bills every day.
- 36:24[SPEAKER_02]: We got paid every day, you know what I'm saying?
- 36:26[SPEAKER_02]: So how do I pull more revenue out?
- 36:29[SPEAKER_02]: So again with the self storage, we got truck parking.
- 36:31[SPEAKER_02]: We have insurance.
- 36:32[SPEAKER_02]: We have retail services like locks, boxes, pack, and supplies.
- 36:35[SPEAKER_02]: And then the last one is the each, most important, and it's just tied into what boom does, have to hold value, meaning that we want businesses that are back by real estate.
- 36:47[SPEAKER_02]: Not only to be a cash flow, I want the equity.
- 36:50[SPEAKER_02]: the depreciation, the tax benefit.
- 36:52[SPEAKER_02]: So storage, large amounts, car wash, these are businesses that you buy, and it's attached to real estate, so we get the best of all works.
- 37:00[SPEAKER_02]: Love it.
- 37:01[SPEAKER_04]: I didn't actually want to come to, when it comes to acquiring these businesses, like what are some methods that you use to get these businesses.
- 37:08[SPEAKER_02]: a few different methods.
- 37:09[SPEAKER_02]: The one I love the most is the SBA loan.
- 37:11[SPEAKER_02]: So it's called the SBA 7A loan.
- 37:14[SPEAKER_02]: And they will prove you up to $10,000.
- 37:16[SPEAKER_02]: And they just did this a couple of months ago.
- 37:18[SPEAKER_02]: You should be $5,000.
- 37:20[SPEAKER_02]: Trump actually increased it to $10,000 to buy any small business.
- 37:24[SPEAKER_02]: So as a newbie, start now.
- 37:26[SPEAKER_02]: They say you go find a storage facility that's $800,000, right?
- 37:32[SPEAKER_02]: Most people see it and if they don't know any better, that's too high, right?
- 37:38[SPEAKER_02]: But then I teach another concept where it's called seller carry, which means the SBA will allow the seller of that business to carry half of your down payment.
- 37:47[SPEAKER_02]: So now the seller is going to carry a note for 40,000, which is half of the 80 you got to come to the table with.
- 37:53[SPEAKER_02]: So now you only got to come to the table with 40.
- 37:55[SPEAKER_02]: But then I'm going to join and say, joy, I know you even run it up on digital products.
- 37:59[SPEAKER_02]: He got the bad luck.
- 38:00[SPEAKER_02]: You put up this 40, and I'm going to put you on as a partner to get you some income.
- 38:05[SPEAKER_02]: Now I did it with no money out of my pocket.
- 38:07[SPEAKER_02]: SBA, telecarry, partner, close the whole deal.
- 38:11[SPEAKER_02]: And now we, you know, we do the things.
- 38:13[SPEAKER_02]: Just like that.
- 38:13[SPEAKER_02]: Five.
- 38:15[SPEAKER_04]: All right, that's it.
- 38:16[SPEAKER_04]: That's a great break down.
- 38:17[SPEAKER_04]: Five.
- 38:17[SPEAKER_04]: Yeah, clock it.
- 38:18[SPEAKER_04]: That's a clock.
- 38:19[SPEAKER_04]: That's a clock.
- 38:20[SPEAKER_04]: Yeah.
- 38:21[SPEAKER_04]: All right.
- 38:22[SPEAKER_04]: So I definitely didn't want to get back into the real estate side.
- 38:24[SPEAKER_04]: So I didn't want to act steric.
- 38:26[SPEAKER_04]: Like, on your based on your experience with real estate, like, what would you prefer, like, having a hundred doors, giving you $200 each or a $20.
- 38:37[SPEAKER_04]: $2,000.
- 38:37[SPEAKER_04]: He's like, is it the value of the doors or is it the cash flow?
- 38:43[SPEAKER_01]: No, it's the cash flow and the quality of the quantity.
- 38:46[SPEAKER_01]: So at one point, when we all younger, when we first get into anything we want to do, we want a lot of something.
- 38:52[SPEAKER_01]: You guys are here.
- 38:53[SPEAKER_01]: So I want a thousand salines.
- 38:55[SPEAKER_01]: You get into real estate.
- 38:56[SPEAKER_01]: I want a thousand house dollars and do you start realising?
- 39:00[SPEAKER_01]: It doesn't really make sense if each one of them is only bringing a little bit of money, but the problem and the thing I love about Ruther's state is you might go a long time with no problems, but a problem will happen.
- 39:11[SPEAKER_01]: You may have a good year run, maybe even two years, but eventually that hot water tank is gonna go.
- 39:16[SPEAKER_01]: So you don't wanna have an issue where the hot water tank costs more than the money that you're making on that rent.
- 39:23[SPEAKER_01]: Even though you might have made way more than hot water tank over the years, it still don't feel good.
- 39:28[SPEAKER_01]: You know what I mean, so what I always try to do is make sure that we are making way more so for me, personally, I try to double up.
- 39:36[SPEAKER_01]: So let's say for example, the mortgage is not 100.
- 39:37[SPEAKER_01]: I'm trying to rent this thing for $1800.
- 39:39[SPEAKER_01]: I say the mortgage is $1,000, I'm trying to rent this thing out for $2,000.
- 39:42[SPEAKER_01]: Let's say the mortgage is $2,000, I'm trying to get $45,000 out of this thing.
- 39:46[SPEAKER_01]: So that's just my strategy I'm going to do.
- 39:48[SPEAKER_01]: And when you do that, you don't have to go ahead and have $1,000.
- 39:52[SPEAKER_01]: You can have a handful, and then also, too, what I like to do is try to get.
- 39:57[SPEAKER_01]: highs and best use out of that building.
- 39:59[SPEAKER_01]: So what I'll do is I'll buy multi-family properties three, four, five units in the building or commercial mixtures.
- 40:05[SPEAKER_01]: So now and one of my buildings is a four units.
- 40:08[SPEAKER_01]: So I put a studio on one of the apartments.
- 40:11[SPEAKER_01]: I did VRBO short-term runals on one of the apartments.
- 40:14[SPEAKER_01]: I put section eight on one of the units and then I had a regular running regular 10 into one of these.
- 40:18[SPEAKER_01]: I do this for a lot of them.
- 40:20[SPEAKER_01]: So now the studio can bring in.
- 40:21[SPEAKER_01]: It's no cap.
- 40:22[SPEAKER_01]: It can
- 40:24[SPEAKER_01]: The other thing is with the VRBO, we can adjust it.
- 40:27[SPEAKER_01]: So this, this, this, this short-term person can be paying x amount of dollars per night for a 30-day, 60-day, 90-day stay.
- 40:34[SPEAKER_01]: But then when they out market changes a little bit, hey, we increased from $50 a night down to $70 a night.
- 40:41[SPEAKER_01]: So now it can fluctuate as no cap based on what month it is, what time it is, what season, what they just willing to pay.
- 40:47[SPEAKER_01]: you get more reviews okay now we come up to prices a little bit you know to a certain can't go to $2,000 a night but now you know maneuver it and then you have let's say a sectionate which is a set number that's going to hit regardless but what sectionate you can do rent creases so now you can go ahead maneuver
- 41:03[SPEAKER_01]: Another property I have.
- 41:05[SPEAKER_01]: We've been doing this for since 2019 come event spaces.
- 41:08[SPEAKER_01]: So one of the buildings I have we run event space on the first floor and then we have apartments upstairs.
- 41:14[SPEAKER_01]: So now with that now what we do is now the apartments upstairs pay the whole mortgage on the building.
- 41:20[SPEAKER_01]: But now let's say for this example, the mortgage is like 3,000 change.
- 41:23[SPEAKER_01]: I got $1,000 coming up for you.
- 41:25[SPEAKER_01]: I got $1,000 coming up for you.
- 41:26[SPEAKER_01]: I got $1,000 coming up for you and I got $1,600 coming up for you.
- 41:29[SPEAKER_01]: That covers the whole note.
- 41:30[SPEAKER_01]: But now we do our events between $600 and $1,000, right?
- 41:34[SPEAKER_01]: Now to the point where the building is covered, I can take $400 for event and don't even manage.
- 41:39[SPEAKER_01]: So I can undercut the entire.
- 41:41[SPEAKER_01]: This is why ownership is so important because while you have the rent $2,000, I can give me $500 because that file find just cash for me.
- 41:48[SPEAKER_01]: because I don't have no, my overhead is covered from upstairs and now we can go ahead and say, look, listen, we do two events one day, we do 700, say we got 1,400, I was coming on a Saturday, my got 1,400, I was coming on a Sunday.
- 42:00[SPEAKER_01]: Oh, you have been a repat just give me 300 for every pass.
- 42:03[SPEAKER_01]: But now I just made $2,000 and one week we still got three weeks left in a month.
- 42:08[SPEAKER_01]: So now it's not about having a hundred different houses, but maybe you've got one or two or three that's bringing some quality money to now you don't have to worry about things and also two.
- 42:18[SPEAKER_01]: I'm big on family.
- 42:19[SPEAKER_01]: I'm big on making sure everybody around me is good.
- 42:22[SPEAKER_01]: So now for me, I love...
- 42:24[SPEAKER_01]: getting strategic with some of the ways you're doing your real estate.
- 42:27[SPEAKER_01]: So, for example, my mom, my mom runs all my stuff first off.
- 42:31[SPEAKER_01]: But as far as events space, I don't even know what the damn thing looks like when it's like she handles and operates that whole thing.
- 42:36[SPEAKER_01]: So, they call her, I just be seeing cash apps hit my phone.
- 42:39[SPEAKER_01]: But she'll take, we'll do, they can pay different ways, but sometimes you don't know people that I have, can I just pay this cash?
- 42:45[SPEAKER_01]: We're not going to take it.
- 42:46[SPEAKER_01]: So, I just see cash apps hit my phone.
- 42:48[SPEAKER_01]: And I just tell my mom, look, listen,
- 42:53[SPEAKER_01]: I can go ahead and do that because my money is coming in from covering the overed up stairs.
- 42:57[SPEAKER_01]: So now my mom making a hole, but my mom don't even work a job.
- 43:00[SPEAKER_01]: Now my mom's making money from this.
- 43:02[SPEAKER_01]: She gets a piece of the rent that comes in somebody's warehouse for $1,000 a month.
- 43:05[SPEAKER_01]: You get $100 off each one.
- 43:07[SPEAKER_01]: But we can go ahead and do those things because we don't have these small margins.
- 43:11[SPEAKER_01]: Yeah, my little brother, my little cousin.
- 43:13[SPEAKER_01]: Hey, y'all want to make some extra money.
- 43:14[SPEAKER_01]: Hey, clean up the event space, extra $100 for you.
- 43:16[SPEAKER_01]: So now everybody can eat off a meatbinder quality building.
- 43:19[SPEAKER_01]: If I'm making $200 profit, none of y'all can eat off of this because I can barely eat off of this thing.
- 43:25[SPEAKER_01]: So these are little things that we can go ahead and do.
- 43:28[SPEAKER_01]: And then the other thing about it is right.
- 43:30[SPEAKER_01]: For me, I got safe houses all over on Philadelphia because I have so much different income coming in from the building.
- 43:37[SPEAKER_01]: I got a bunch of empty apartments that I just have.
- 43:39[SPEAKER_01]: This is my little spot.
- 43:40[SPEAKER_01]: Okay, look, I don't live in Philadelphia anymore.
- 43:42[SPEAKER_01]: So now, and you know, Ramele came down.
- 43:45[SPEAKER_01]: I said, you don't have to stay in a hotel.
- 43:48[SPEAKER_01]: You can stay one of my buildings.
- 43:50[SPEAKER_01]: It's always empty.
- 43:50[SPEAKER_01]: It's always situated.
- 43:52[SPEAKER_01]: I don't feel like driving an hour and a half back home.
- 43:54[SPEAKER_01]: I got a build and I strictly just wildfire all furnished.
- 43:57[SPEAKER_01]: I can go ahead and do my meetings and do my things there, but I can do that because the other three apartments, other four apartments is bringing in so much money.
- 44:04[SPEAKER_01]: I can afford to leave one empty for me just because I don't feel like driving over home.
- 44:09[SPEAKER_01]: So, this is how I like to do it with quality versus over quantity.
- 44:13[SPEAKER_02]: I want to add to that, this is a good stuff, right?
- 44:15[SPEAKER_02]: Definitely.
- 44:16[SPEAKER_02]: I mean, it's a few things he said number one.
- 44:17[SPEAKER_02]: He got a bunch of safe houses, but it's not a regular safe house.
- 44:21[SPEAKER_02]: I'm so happy with the rooftop, the pool room, all that stuff, button.
- 44:26[SPEAKER_02]: The biggest thing is creativity.
- 44:28[SPEAKER_02]: So a lot of people getting the real estate and they don't have the creative mind.
- 44:32[SPEAKER_02]: And that was my experience with, I started buying all of these properties, really, really fast, taking on high debt credit cards, hard money loans, the margins, it's thin.
- 44:36[SPEAKER_02]: So yeah, I think, yeah, it ain't been one of you.
- 44:37[SPEAKER_02]: Hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey
- 44:45[SPEAKER_02]: But if you can be creative with you by a mixed use that have four partners like you said and now you run an event space That's a business.
- 44:52[SPEAKER_02]: That's a cash-front business, right?
- 44:54[SPEAKER_02]: So these are the things that most people don't understand unless you are getting information from somebody who's done it That's why we put together the wealth court or three of us to come together because people are relying on chatchipit YouTube and go and unfortunately they're not going to give you what joy always say with the exceptions to the rules
- 45:15[SPEAKER_02]: Look, the back door moves, right?
- 45:17[SPEAKER_02]: The things that does not publish, but this is how we got to make it work.
- 45:21[SPEAKER_02]: That's what we want to put out there because a lot of people are losing, failing because they just hearing one piece of it and then they try to go do it on their own.
- 45:29[SPEAKER_02]: And then they crash and say, this thing ain't working.
- 45:32[SPEAKER_02]: Great.
- 45:33[SPEAKER_01]: One of my mentors said is all the time he says you're trying to run the play from the outside.
- 45:37[SPEAKER_01]: So you're seeing someone that may not even really do this at a high level, holding the strategy doing it in real estate on Instagram, you know, I'm a copy and paste that you're trying to run the play from the outside, not knowing what really went involved.
- 45:51[SPEAKER_01]: And these are some of the things that chat GPT just won't be able to go and then show you.
- 45:55[SPEAKER_01]: For example, um,
- 45:57[SPEAKER_01]: One of my friends mentees, whatever, he's buying a building and the long That he did with that lender.
- 46:05[SPEAKER_01]: They do something called you could do two things.
- 46:06[SPEAKER_01]: You could pay interest every single month Or you can do something called the fur interest.
- 46:10[SPEAKER_01]: So which means is let's say your mortgage payment is $3,000 a month.
- 46:13[SPEAKER_01]: Let's say you bought big button
- 46:15[SPEAKER_01]: $500,000 alone.
- 46:16[SPEAKER_01]: Your mortgage payment is $3,000 a month.
- 46:19[SPEAKER_01]: You could defer to inches will, hey, the $3,000 times 12, can I play that in one lump sum when I flip it?
- 46:25[SPEAKER_01]: And I just put it all in the sheet.
- 46:27[SPEAKER_01]: A lot of lenders don't want to do that because they want to make some money every single month.
- 46:30[SPEAKER_01]: So what I told them to say, a quarter lenders say, look, that's worse.
- 46:34[SPEAKER_01]: I'm not.
- 46:34[SPEAKER_01]: This is a half a minute alone.
- 46:37[SPEAKER_01]: I still have to go and get permits.
- 46:38[SPEAKER_01]: That's might be three months of time.
- 46:40[SPEAKER_01]: How about we split this in middle, defer my interest for six months, and then I start paying my monthly payment on month six.
- 46:47[SPEAKER_01]: But now that gives you time because it's only gonna take you two months to get the permits and stuff rolling us.
- 46:51[SPEAKER_01]: And now you got four months of trying to make things happen before you actually have to go and pay.
- 46:56[SPEAKER_01]: Chat, not gonna tell you all that.
- 46:58[SPEAKER_01]: Yeah, I'm going to tell you all that because I got experience doing that.
- 47:01[SPEAKER_01]: So now we structure.
- 47:02[SPEAKER_01]: Hey, I need to lower my down payment I need to lower my fees and I need to defer my interest and we'll work out and we'll split in a half.
- 47:09[SPEAKER_01]: They said okay
- 47:11[SPEAKER_01]: That's not something you want to hear.
- 47:12[SPEAKER_01]: That's from actually experiencing actual conversation.
- 47:15[SPEAKER_01]: I'm big one.
- 47:16[SPEAKER_01]: If it's a human wall, we can negotiate something.
- 47:19[SPEAKER_01]: If it's a world by us one, then we'll visit another person right inside of the phone.
- 47:22[SPEAKER_01]: But we're going to work something up.
- 47:23[SPEAKER_01]: Yeah.
- 47:24[SPEAKER_02]: What they say is the biggest teacher of the best teacher?
- 47:28[SPEAKER_02]: What they say?
- 47:28[SPEAKER_03]: Life?
- 47:29[SPEAKER_02]: Experience.
- 47:30[SPEAKER_02]: Experience.
- 47:31[SPEAKER_02]: Experience.
- 47:31[SPEAKER_02]: Experience.
- 47:32[SPEAKER_02]: It's a lot of experience.
- 47:33[SPEAKER_02]: Oh yeah.
- 47:34[SPEAKER_02]: Not chat, she'd be too.
- 47:35[SPEAKER_02]: All right.
- 47:35[SPEAKER_02]: Hey, guys.
- 47:36[SPEAKER_01]: Experience.
- 47:37[SPEAKER_04]: It's the biggest teaching.
- 47:38[SPEAKER_04]: I was going to make that clear.
- 47:39[SPEAKER_04]: Yeah.
- 47:40[SPEAKER_04]: Sorry to break this amazing episode.
- 47:42[SPEAKER_04]: I just have to let you guys know.
- 47:44[SPEAKER_04]: The best tool for marketing in 2025 is podcasting.
- 47:48[SPEAKER_04]: Listen, it transformed our lives across all platforms.
- 47:51[SPEAKER_04]: We was able to hit 15 million plus people.
- 47:54[SPEAKER_04]: Imagine what it did for our business.
- 47:55[SPEAKER_04]: To mention, we also have some notable likes just through podcasting.
- 47:59[SPEAKER_03]: People like you same boat, the way in weight, Kevin Garnet, Steven A. Smith,
- 48:05[SPEAKER_03]: Queen Latifa.
- 48:06[SPEAKER_03]: But more importantly, having engagement by your dream clients is probably the most important thing that will move the needle for you and your business.
- 48:15[SPEAKER_03]: So what we want to teach you is exactly how to go out and start creating an amazing content that will find your dream audience to go ahead and start paying you for your products and your services.
- 48:25[SPEAKER_03]: If you want to be able to learn exactly how to build up an audience and build up a brand online,
- 48:30[SPEAKER_03]: where people start knowing you like you and buying from you for your products and services, what I want to do is invite you guys to our next free masterclass, where we're showing you exactly how you can start taking your content, and being seen online by your dream clients.
- 48:43[SPEAKER_03]: And possibly some celebrities as well.
- 48:45[SPEAKER_03]: Go ahead and click the link down below, and I'm going to see you guys in that next masterclass.
- 48:50[SPEAKER_04]: So when it comes to, you know, because a lot of people are going to be watching this, and you know, a lot of people, they might have like savings or whatever, like, what are some ways that they can go out in?
- 48:59[SPEAKER_04]: buy like get their first investment property like do you recommend like taking out certain loans or paying cash like what like what like what do you think is the best option for them?
- 49:10[SPEAKER_01]: So you want to go down a list of different types of finance you can do.
- 49:14[SPEAKER_01]: You start with the cheapest finance and then you work away to the most expensive.
- 49:18[SPEAKER_01]: So the cheapest finance in would be okay, how can I go ahead and get the loan?
- 49:23[SPEAKER_01]: Let's say for example, the lenders charge you, let's say use heart money.
- 49:27[SPEAKER_01]: Heart money is pretty much like a smaller bank.
- 49:30[SPEAKER_01]: They give you the money a little more easy, but it's a higher interest rate.
- 49:33[SPEAKER_01]: So let's say for example, 10%, okay, how would I, let's say you're the lender, what do I need to do to get this 100% finance?
- 49:42[SPEAKER_01]: I need to borrow 50 to buy it, I need to borrow 50 to fix it up.
- 49:46[SPEAKER_01]: How can I get 100% of that cover?
- 49:48[SPEAKER_01]: They may say, hey, we don't do that.
- 49:50[SPEAKER_01]: We usually do 20%, but we can do 10% if the loan fits under these terms.
- 49:56[SPEAKER_01]: Or we can do 100% if you fall the whole loan falls under a certain loan of value.
- 50:02[SPEAKER_01]: So these are little things you want to ask.
- 50:03[SPEAKER_01]: That means cheaper money because it's all wrapped in a original 10% you want to pay.
- 50:07[SPEAKER_01]: The second thing I will go ahead and do if you have a down payment of let's say,
- 50:11[SPEAKER_01]: 15 grand of your down payment.
- 50:12[SPEAKER_01]: Let's say for example, $400,000 loan, the lender said you output down 15%, so that's $15,000.
- 50:18[SPEAKER_01]: My next lane will be 0% interest credit card.
- 50:21[SPEAKER_01]: Okay, boom, let me apply for Chase, let me apply for Key Bank.
- 50:25[SPEAKER_01]: I'm going to apply for Freedom, I'm going to apply for Truist.
- 50:27[SPEAKER_01]: Let me apply for all these different types of banks, financial institutions that will give you credit when 0% for a short term period.
- 50:36[SPEAKER_01]: Now, if you get to the point where that doesn't work out where you can't get access to that 0% interest, you have to go high-interest, now you want to ask the question, do I want to utilize this high-interest credit card knowing I'm going to have a balance for a couple months while I'm, you know, getting things together or do I want to go to the next lane was bringing an apartment.
- 50:52[SPEAKER_01]: This gets tricky because you bring an apartment, you have to give them some type of equity percentages in the deal.
- 50:57[SPEAKER_01]: However, if we structure the way I hey, look, I'm sure that's right.
- 51:02[SPEAKER_01]: y'all friends, brothers, if you find a house, Brenda Contra is going to fix it up, you negotiate to do, and all you need was 15%, they don't fit $10,000, and he said he can bring it.
- 51:15[SPEAKER_01]: This, he really earned half of the whole house.
- 51:19[SPEAKER_01]: Mmm, you did everything.
- 51:21[SPEAKER_01]: I just need you to wire 15 grand.
- 51:23[SPEAKER_01]: Yeah.
- 51:23[SPEAKER_01]: So now this will comes into the next line.
- 51:25[SPEAKER_01]: Okay.
- 51:26[SPEAKER_01]: Partner is might be a little more expensive, but maybe investor is a little cheaper out.
- 51:32[SPEAKER_01]: So hey, what if you put in $15,000, and I give you 10 or 15% on your money?
- 51:37[SPEAKER_01]: Now for a home, if he has,
- 51:40[SPEAKER_01]: $100,000 sitting somewhere, 15 grand is not going to eat him alive, but then also it's he's going to be able to get 15% on his money in three, four, five months sitting in that checking account.
- 51:51[SPEAKER_03]: No.
- 51:52[SPEAKER_01]: Hell no, he's not going to be able to do that.
- 51:53[SPEAKER_01]: The other piece is you got to start thinking outside the box.
- 51:57[SPEAKER_01]: Majority of new investors are not going to have to borrow a million dollars.
- 51:59[SPEAKER_01]: They're going to borrow 10, 20.
- 52:01[SPEAKER_01]: maybe $30,000.
- 52:03[SPEAKER_01]: There are more people that have 30 out.
- 52:05[SPEAKER_01]: The problem is a lot of people think the only private investors are Michael Jordan, Mark Cuban.
- 52:11[SPEAKER_01]: You know, all these types of multi-billionaires, these individuals when if you actually wanted to even had a conversation with them and you said I need a 30 grand and I even wanted like this don't even make sense for me.
- 52:23[SPEAKER_01]: However, you may have your grandma that may have money sitting in a retirement account where things 401k that they can go and pull somebody out of money out depending on the structure.
- 52:33[SPEAKER_01]: You may have some people that have access to money that's just sitting there.
- 52:36[SPEAKER_01]: They just been saving their whole life.
- 52:38[SPEAKER_01]: They don't even know what to do with it.
- 52:39[SPEAKER_01]: And now, not only this is going to bring in more interest for them than the checking account is given, sometimes they give them more fulfillment.
- 52:47[SPEAKER_01]: I make sure a part of something so now it's actually cheaper for me to borrow the 15 grand for them at 10% versus me getting credit card at 20% percent whatever it is or bringing a partner then given a 50% equity So it is a little things you want to go down a line of okay
- 53:03[SPEAKER_01]: Avenue, which one is going to be the cheapest option, and then that's what you go ahead and pick.
- 53:07[SPEAKER_01]: And then the last thing I would say is pretty much think outside the box.
- 53:11[SPEAKER_01]: I have a lot of investors that I put on where I say for example, he has a 750 credit score.
- 53:17[SPEAKER_01]: He works a great nine to five, you know, he dropped buses and he just makes good money, but he don't have time to be involved, look.
- 53:24[SPEAKER_01]: What I want you to do is I want you to apply for Chase.
- 53:27[SPEAKER_01]: Chase is going to prove you $40,000.
- 53:28[SPEAKER_01]: Just give me $15.40.
- 53:30[SPEAKER_01]: I'm invested 0% interest.
- 53:31[SPEAKER_01]: When we flipped the house in four months, I'm going to give you back the $15,000 plus.
- 53:35[SPEAKER_01]: Examine dollars on top.
- 53:36[SPEAKER_01]: You pay off your car.
- 53:37[SPEAKER_01]: You still got the credit card and you just made money.
- 53:40[SPEAKER_01]: I signed him up.
- 53:42[SPEAKER_01]: I put him on the money.
- 53:43[SPEAKER_01]: Got him extra money on top of the car.
- 53:44[SPEAKER_01]: Just still has the car and he was a part of the experience that he didn't have to get off the bus Well, he is his regular route to go ahead and do so now it was like a no burn or so.
- 53:54[SPEAKER_01]: I love real estate because at this level at that kind of scale because you can create investors
- 53:59[SPEAKER_01]: By doing so, now when you get to a Timming, like you said, as be a Timming, and I'll do it, that's when it starts getting a little creative, but it would talk about somebody just want to get the ball started.
- 54:08[SPEAKER_01]: It's a great way to go ahead and get started.
- 54:10[SPEAKER_01]: And then you scale into, we say, cause I'm going to call flipping up, you flip the go up.
- 54:16[SPEAKER_01]: So now the next deal, I'm getting to $500,000.
- 54:18[SPEAKER_01]: The next deal, I'm getting to $500,000.
- 54:20[SPEAKER_01]: The next deal, I'm getting to storage units.
- 54:22[SPEAKER_01]: But that's the mile of ice.
- 54:23[SPEAKER_01]: My advice.
- 54:25[SPEAKER_04]: And we definitely, me and Cody, we had the honor of going to Philly and checking out some of some of the popular properties.
- 54:31[SPEAKER_04]: And we've seen the events facing, like, till now, I'm like, damn, like, the way you kind of...
- 54:36[SPEAKER_04]: It is super creative.
- 54:38[SPEAKER_04]: Like, how I'm now mentioned, like, to actually think about different ways you can cash flow from like one single property.
- 54:43[SPEAKER_04]: Like,
- 54:44[SPEAKER_04]: Not a lot of real estate investors, they think like that.
- 54:47[SPEAKER_04]: And then on top of that, I used it to retire your mom.
- 54:50[SPEAKER_04]: A lot of people, they're trying to figure out how to retire.
- 54:52[SPEAKER_04]: You know, they may have 100 grants and 100 grand in the 401k and different things, but in reality, they may run out that money in the next year or two years.
- 55:02[SPEAKER_04]: So being able to retire your mom with an event space is crazy.
- 55:06[SPEAKER_04]: It's crazy.
- 55:06[SPEAKER_01]: It's funny I haven't.
- 55:07[SPEAKER_01]: I was like, one of those, like,
- 55:11[SPEAKER_01]: You know, we're going to work like a couple of days.
- 55:13[SPEAKER_01]: No, I quit.
- 55:14[SPEAKER_01]: I don't know what's happening.
- 55:15[SPEAKER_01]: You know what I mean?
- 55:16[SPEAKER_01]: But it's just powerful to be able to do that, um, even outside of, even outside it's for tying a mom or making sure she doesn't work.
- 55:24[SPEAKER_01]: For me personally, it's just all about
- 55:27[SPEAKER_01]: I love real estate and I love business and this is something that everybody should do whether it's your mom, your dad, your grandparent, your aunt, uncle, husband, wife, whoever it is, put together some income that can help provide for someone that you love.
- 55:43[SPEAKER_01]: That is my real 100 benefit.
- 55:45[SPEAKER_01]: My mom, she having some help problems right now as far as like her blood pressure is getting high.
- 55:50[SPEAKER_01]: So I'm like, you got to change your diet.
- 55:51[SPEAKER_01]: I just hired a chef so she got meals all we're going to.
- 55:54[SPEAKER_01]: Like, if it wasn't for you starting that business, how would you be able to go and do that?
- 55:58[SPEAKER_01]: So she has extra income, she has a shove.
- 56:00[SPEAKER_01]: I got to set up with massage weekly.
- 56:02[SPEAKER_01]: Like little things that you're going to do that other than income is coming.
- 56:05[SPEAKER_01]: Her whole house, I pay for all that stuff.
- 56:07[SPEAKER_01]: So it's start thinking about, okay, it's not just for me.
- 56:11[SPEAKER_01]: but it's for actually for weed.
- 56:12[SPEAKER_01]: Those are the things that I really go ahead and get.
- 56:14[SPEAKER_01]: For me, I don't, it's not about the money, but what kind of impact we can make to where people I love don't got to do nothing.
- 56:21[SPEAKER_03]: Yeah, yeah, yeah, yeah.
- 56:23[SPEAKER_00]: That's a good sign.
- 56:24[SPEAKER_04]: Yeah.
- 56:26[SPEAKER_04]: That's amazing.
- 56:26[SPEAKER_04]: That's good.
- 56:28[SPEAKER_04]: Do I do want to ask you to, of course you got a question?
- 56:31[SPEAKER_04]: Yeah, I was going to ask one.
- 56:32[SPEAKER_03]: So I was going to say, oh, three of you guys have online businesses, right?
- 56:37[SPEAKER_03]: Each and every one of you guys have your own separate kind of business online that you guys are growing.
- 56:43[SPEAKER_03]: But joy, your story is definitely slightly different from Ramele in Boone's story.
- 56:48[SPEAKER_03]: You went out and you had absolutely nothing, nothing to your name.
- 56:54[SPEAKER_03]: You started over from scratch.
- 56:55[SPEAKER_03]: You moved from one city to a completely different city and had to figure things out.
- 57:01[SPEAKER_03]: if you were in a situation or if somebody else is in a situation where, you know, they may not know how to go out there and they don't know where the next dollar is coming from.
- 57:12[SPEAKER_03]: They probably just got laid off their job.
- 57:14[SPEAKER_03]: They probably got a few thousand dollars saved up.
- 57:17[SPEAKER_03]: If you were in their position, how would you be able to go out there and build your entire brand and business all over
- 57:25[SPEAKER_03]: great question social media and online because you've been growing in the digital space and now you know it's been growing so well to the point where you have from broken, from broken to the bank.
- 57:36[SPEAKER_03]: So what will be your overall five steps that you actually do to be able to start growing your business and getting out that that funk?
- 57:44[SPEAKER_00]: number one understanding that everything is figure out of all.
- 57:47[SPEAKER_00]: So you're not going to know what to do.
- 57:49[SPEAKER_00]: What do I say?
- 57:50[SPEAKER_00]: But if we don't know, we're going to throw the whole kitchen sink at the wall.
- 57:54[SPEAKER_00]: We're going to see what's deep.
- 57:56[SPEAKER_00]: So number one, you got to show up every single day on social media.
- 58:00[SPEAKER_00]: You've got to go live every single day.
- 58:03[SPEAKER_00]: We are now trying to get strangers to your pay because your mama's just a cousin, I can't support you.
- 58:09[SPEAKER_00]: So you wanted to just show up on social media, but you want to show up as the authority in whatever it is that you're talking.
- 58:16[SPEAKER_00]: So if you are the best pound cake maker then maybe when you show up, show up with some, maybe this is going to be the best pound cake.
- 58:22[SPEAKER_00]: No, no, no, no, no, no.
- 58:23[SPEAKER_00]: But we're showing up consistently.
- 58:25[SPEAKER_00]: Number two, you got to look like money.
- 58:27[SPEAKER_00]: You got, you cannot sell a dream looking like a nightmare.
- 58:30[SPEAKER_00]: So every single day, wake up, put your makeup on.
- 58:33[SPEAKER_00]: Have your hair, have your hair done, or fail to have a nice haircut.
- 58:36[SPEAKER_00]: Put some clothes on.
- 58:37[SPEAKER_00]: Don't just walk around the house in a t-shirt and a row.
- 58:40[SPEAKER_00]: You want to feel like money.
- 58:41[SPEAKER_00]: When you look good, you feel good.
- 58:42[SPEAKER_00]: When you feel good, you do good.
- 58:44[SPEAKER_00]: When you have a lot of confidence, people now will like and trust you.
- 58:48[SPEAKER_00]: Right?
- 58:49[SPEAKER_00]: Number three, we got to sell something.
- 58:52[SPEAKER_00]: Like people don't like sales, but everyone is selling something.
- 58:56[SPEAKER_00]: But you're selling or you're being sold, which one?
- 58:59[SPEAKER_00]: So if I am selling a pound cake, I don't talk about, you don't want to be the night before your son's birthday in the kitchen, making it all dirty, cooking the cake.
- 59:10[SPEAKER_00]: You want to get the best pound cake in town.
- 59:12[SPEAKER_00]: And so that's why I have Joyce pound cake.
- 59:14[SPEAKER_00]: Talk about the problem.
- 59:16[SPEAKER_00]: that your product or service solves.
- 59:18[SPEAKER_00]: So I'm not just selling you a thing.
- 59:20[SPEAKER_00]: I'm selling you a solution to a problem that you have.
- 59:24[SPEAKER_00]: And you can use AI to figure out what are the real pain points?
- 59:27[SPEAKER_00]: Like what's keeping your target audience up, pacing the floor at night and let them clock at night.
- 59:32[SPEAKER_00]: And then you are speaking those pain points.
- 59:34[SPEAKER_00]: So they feel like, oh my gosh, she's talking to me.
- 59:38[SPEAKER_00]: They understand me.
- 59:40[SPEAKER_00]: I wanna buy from her because she gets me.
- 59:44[SPEAKER_00]: Number five, you got to understand that $1 million business to start small.
- 59:48[SPEAKER_00]: You have the next Netflix, the next Amazon.
- 59:51[SPEAKER_00]: You got the next big thing.
- 59:53[SPEAKER_00]: And so when you are showing up consistently on social media, when you look like something, when we understand we don't know all this stuff, we're gonna just try everything and see what works.
- 1:00:04[SPEAKER_00]: I'm gonna say you need to get into a class, mentorship, you need to learn something, a skill set, but go all in.
- 1:00:11[SPEAKER_00]: Like, I believe in, because once you go all in, once you invest, once you're all in, there is no plan B or C, a new version of you shows up.
- 1:00:19[SPEAKER_00]: So I'm trying to pay this rent.
- 1:00:22[SPEAKER_00]: Baby, I'm dancing all along, I'm going live every single day.
- 1:00:26[SPEAKER_00]: Like, I gotta make something work.
- 1:00:29[SPEAKER_00]: And so it was being consistent because the majority of the competition, they gonna, they gonna conquer by day three.
- 1:00:37[SPEAKER_00]: Noah is going consistently full throttle 30 days of a month.
- 1:00:42[SPEAKER_03]: Right.
- 1:00:43[SPEAKER_00]: So getting in the digital game, whatever it is, the gift that God gave, whatever's the thing that you know, put it in some kind of digital format.
- 1:00:51[SPEAKER_00]: So an ebook, a checklist, a journal, a course, and here's the thing you don't have to be an expert.
- 1:00:58[SPEAKER_00]: People think I got to be the best thing.
- 1:01:00[SPEAKER_00]: No, your target audience just wants to get to where you are.
- 1:01:04[SPEAKER_00]: There's a girl out there killing it.
- 1:01:06[SPEAKER_00]: And she lost to a 300 pounds.
- 1:01:08[SPEAKER_00]: Now she's like 200 pounds, right?
- 1:01:09[SPEAKER_00]: She's still big, but baby, she lost a lot of pounds.
- 1:01:13[SPEAKER_00]: She lost a lot of pounds, baby.
- 1:01:15[SPEAKER_00]: I'm her.
- 1:01:16[SPEAKER_00]: Go ahead, her.
- 1:01:17[SPEAKER_00]: So she's not a size two.
- 1:01:20[SPEAKER_00]: She may be like a size 14, 16, if I was a size 25, that's 16 little good, yes or yes.
- 1:01:26[SPEAKER_00]: So be confident to know that your target audience just wants to learn what did you do?
- 1:01:31[SPEAKER_00]: Boom, was able to buy it in an event space.
- 1:01:35[SPEAKER_00]: Boom didn't say you got $2 billion in real estate.
- 1:01:38[SPEAKER_00]: Boom started audience wants to get right to where a boon is.
- 1:01:42[SPEAKER_00]: If you're able to, you were $10,000 in debt, and now you're able to get out of debt, and you say $5,000.
- 1:01:48[SPEAKER_00]: Your target audience just wants to learn how to get out of $10,000 in safe.
- 1:01:53[SPEAKER_00]: They only want to get to where you are.
- 1:01:55[SPEAKER_00]: So stop, I'm not the best, I'm not the greatest.
- 1:01:58[SPEAKER_00]: Your target audience just wants to get to where you are.
- 1:02:01[SPEAKER_00]: And for the first time in 20-something years, I made money in my sleep with digital products.
- 1:02:06[SPEAKER_00]: I make money at the salon, at the deals with at my business.
- 1:02:10[SPEAKER_00]: I've never made money in the car, pulling at my son's school.
- 1:02:13[SPEAKER_00]: So getting in your digital bag is a must.
- 1:02:15[SPEAKER_00]: I think for anyone, whether you're working, you're saying a homonger, I'm not a faggot.
- 1:02:19[SPEAKER_00]: Just have another source of income.
- 1:02:21[SPEAKER_00]: So if something happens, you can pivot, or just be able to add income to whatever you have going on.
- 1:02:27[SPEAKER_03]: Yeah, it could hold on.
- 1:02:28[SPEAKER_03]: Hold on.
- 1:02:29[SPEAKER_03]: Let me just ask this one question.
- 1:02:31[SPEAKER_03]: He's gonna go somewhere good, I promise you.
- 1:02:33[SPEAKER_03]: So I wanna ask you a few words.
- 1:02:35[SPEAKER_03]: Like, I want to ask you a question, you just answer in a few words.
- 1:02:39[SPEAKER_00]: Okay.
- 1:02:40[SPEAKER_03]: How important is coaching to you?
- 1:02:42[SPEAKER_00]: Coaching is everything.
- 1:02:44[SPEAKER_00]: Coaching is the cheat code.
- 1:02:46[SPEAKER_01]: Okay, three words.
- 1:02:47[SPEAKER_00]: This is everything.
- 1:02:49[SPEAKER_00]: Because, eat.
- 1:02:51[SPEAKER_00]: Even you pay now or you pay later.
- 1:02:53[SPEAKER_00]: If you pay later, you're going to pay more.
- 1:02:54[SPEAKER_00]: You're going to pay more with with miss opportunity to pay more with the life lessons, it may cost you your spouse and may cost you a bankruptcy, you know, on your credit.
- 1:03:05[SPEAKER_00]: It may cost you a heart attack of stroke.
- 1:03:07[SPEAKER_00]: If you don't know.
- 1:03:10[SPEAKER_00]: Not just what to do, but not to do.
- 1:03:13[SPEAKER_00]: How Boon just sat there and he'd get you four ways to change what's her down payment was.
- 1:03:17[SPEAKER_00]: Right, man, I said, you can look at the SBA loan and then not put no money back.
- 1:03:21[SPEAKER_00]: Those are all the things that only life lessons can teach you.
- 1:03:25[SPEAKER_00]: and chat GPT, Google, the real estate for dummies, those books don't give you the exceptions to the rule.
- 1:03:33[SPEAKER_00]: And so when you invest in a mentor, mentor means faster, you're going to get to your in-result with less time, less heartache, less, less problems.
- 1:03:44[SPEAKER_03]: Yeah.
- 1:03:45[SPEAKER_03]: And all right.
- 1:03:46[SPEAKER_03]: So the reason why I actually this question is because I feel like
- 1:03:53[SPEAKER_03]: gone through things in your own personal lives, and was able to take that, learn from it, and multiply and grow it.
- 1:04:01[SPEAKER_03]: For I meld and came on a good amount of times and share a lot of stories to help a lot of people, boond and came on a few times, shared his story, helped more people, even got connected with other people where opportunities are opening up.
- 1:04:15[SPEAKER_03]: And then for you, Joy, like, we was at invest fest, and the crazy thing is, was there's this guy that walked up to us, and I don't know if you know him, you know him.
- 1:04:26[SPEAKER_03]: You let me know, do you know this guy?
- 1:04:31[SPEAKER_00]: Oh, yes.
- 1:04:33[SPEAKER_03]: So this guy walked up to us and he said, you guys are amazing.
- 1:04:39[SPEAKER_03]: I'm like, yeah, randomly.
- 1:04:40[SPEAKER_03]: I'm like, cause, okay, what's up, how are you doing?
- 1:04:45[SPEAKER_03]: He's like, well, I just gotta get you guys shot flowers.
- 1:04:49[SPEAKER_03]: He was like, I was watching Joy Hunt, and I was literally just binging all her content.
- 1:04:56[SPEAKER_03]: And then there was two podcasts that you guys did with her phenomenal job.
- 1:05:01[SPEAKER_03]: I'm like, okay, here's like, you guys asked all the questions and everything you needed.
- 1:05:07[SPEAKER_03]: And him, he come from a landscaping background.
- 1:05:10[SPEAKER_03]: And now, I don't know what you guys are doing, but can you talk a little bit more about him and some of the success that he was able to gain?
- 1:05:17[SPEAKER_00]: Oh, of course.
- 1:05:18[SPEAKER_00]: So in my literature program, I'm going to take you from zero to 100.
- 1:05:22[SPEAKER_00]: So whether I got to build you a business, but I got to expand your business, whether I'm going to take what you have and just put some finesse on it.
- 1:05:29[SPEAKER_00]: So or I'm going to reroute you.
- 1:05:31[SPEAKER_00]: So he is in the landscaping business, but his guy giving gift is talking.
- 1:05:35[SPEAKER_00]: So we don't have talking with talking with Tyler.
- 1:05:38[SPEAKER_00]: TWT.
- 1:05:39[SPEAKER_04]: Yeah, same Boston content.
- 1:05:40[SPEAKER_00]: So we are now, I've built out.
- 1:05:42[SPEAKER_00]: He's going to have a podcast.
- 1:05:43[SPEAKER_00]: You're going to have a book.
- 1:05:44[SPEAKER_00]: So we have a husband.
- 1:05:45[SPEAKER_00]: He's going to have a counseling session because he's really good with talking and expressing and you know, you know, bouncing ideas off of you.
- 1:05:53[SPEAKER_00]: And so I have rerouted him to TWT talking with Tyler.
- 1:05:57[SPEAKER_00]: So we were changing our whole look.
- 1:05:59[SPEAKER_00]: He's getting a content shoot and he says like, when I told him that he started, he was just like,
- 1:06:05[SPEAKER_00]: all my life.
- 1:06:06[SPEAKER_00]: People have told me I should be a pastor because I'm so easy to talk to, but he didn't want to be in the church or he's so want to help.
- 1:06:12[SPEAKER_00]: He's going to be a whole different platform.
- 1:06:14[SPEAKER_00]: You can still bring them to God.
- 1:06:16[SPEAKER_00]: You have to be actually being in the church to do that.
- 1:06:18[SPEAKER_00]: So it was like right on his brain.
- 1:06:20[SPEAKER_00]: So that's how the hell is able to change his life.
- 1:06:24[SPEAKER_03]: And I wanted to bring it all together because you know, we hear once again, and it's like the three of you guys are doing such an amazing work.
- 1:06:31[SPEAKER_03]: And it's like the information that you guys share and it's just really just like, all right, cool, is he the one to do it or you're not going to do it?
- 1:06:37[SPEAKER_03]: You know what I mean at the end of the day?
- 1:06:40[SPEAKER_03]: So I'm just glad that you guys here.
- 1:06:41[SPEAKER_03]: You got anything else too?
- 1:06:43[SPEAKER_04]: Yeah, it's real, it's real lives getting impacted, you know, even in that situation, like, you know, this is like we don't know him from anywhere, you know, a hole in a wall and he was able to come up to us and say, hey, look, you know,
- 1:06:57[SPEAKER_04]: me watching Joy Hunt on the podcast gave me confidence to start my business.
- 1:07:01[SPEAKER_04]: And you know, Cody, we're looking at he said that he had a conversation with about 10 fifty, like almost 15 minutes, just to talk about like, I always wanted to start a business.
- 1:07:09[SPEAKER_04]: I just didn't know, you know, I had money saved up this and that, but he's like, y'all, like, I'm feeling more confident in starting a business.
- 1:07:17[SPEAKER_04]: So I definitely wanted to ask you guys to, I know we wanted out of time now, but
- 1:07:23[SPEAKER_04]: for like, people who are like hot and come earners, they earn, like, you know, they've been working on a five-day whole life.
- 1:07:29[SPEAKER_04]: They don't see online as a space they can enter.
- 1:07:32[SPEAKER_04]: You know, a lot of them, they might not be as tech savvy, like be surprised.
- 1:07:35[SPEAKER_04]: People won't social media every day, but they're not as tech savvy.
- 1:07:39[SPEAKER_04]: They might not have the self-confidence to show up on camera.
- 1:07:43[SPEAKER_04]: It's a lot of like, living in beliefs they got.
- 1:07:46[SPEAKER_04]: So, what are some things that you guys' coaches do to be like, hey, look, like, start the digital product, put yourself online, post content, yeah, get the properties and, you know, even end up teaching other people too, like, what are some things you guys do to instill that confidence in them?
- 1:08:02[SPEAKER_00]: Well, I'm gonna show you who you are.
- 1:08:05[SPEAKER_00]: I'm gonna pull out the winner of you because you were one of one you were custom-made when God made you, He cut the cloth, King, nobody knew what like you.
- 1:08:12[SPEAKER_00]: And sometimes when you've gone through life and you got the mic ties and blows and you had some bad business trauma, a friend left, a bankruptcy, a lot of times we don't see ourselves how we really are.
- 1:08:23[SPEAKER_00]: And that time I was.
- 1:08:26[SPEAKER_00]: How did the business attorney who was super smart lose her business, but now that I come on on the screen and talk about business structure, girl, you're supposed to have to order.
- 1:08:36[SPEAKER_00]: You know what I mean?
- 1:08:37[SPEAKER_00]: You're supposed to send wrong.
- 1:08:38[SPEAKER_00]: But I found two young men,
- 1:08:43[SPEAKER_00]: that saw the winner in me.
- 1:08:45[SPEAKER_00]: And so by me being able to, okay, they believe in me.
- 1:08:51[SPEAKER_00]: Let me, let me pull myself out.
- 1:08:53[SPEAKER_00]: Okay.
- 1:08:54[SPEAKER_00]: The one mistake ain't going to ruin me.
- 1:08:56[SPEAKER_00]: I think they gave me the blueprint to earn now.
- 1:08:59[SPEAKER_00]: I'm able to do the same things.
- 1:09:01[SPEAKER_00]: I'm able to,
- 1:09:02[SPEAKER_00]: just see the winnering you and pull it out of you.
- 1:09:04[SPEAKER_00]: And so I think that's what all this is about.
- 1:09:07[SPEAKER_00]: It's past the money.
- 1:09:08[SPEAKER_00]: At some point in time, you have to stop doing things for the money and do it for the impact.
- 1:09:12[SPEAKER_00]: So having a person who's scared to get in real estate, like there's so many horror lessons, yes or yes, but when Boone has a great deal and they can invest is like investment with training will, because he's already scoped everything here.
- 1:09:25[SPEAKER_00]: He knows that, but now they're an investor.
- 1:09:28[SPEAKER_00]: They can go, this is, I own this property.
- 1:09:32[SPEAKER_00]: When you saw Ramell going to Alabama, they had Confetti and Duh!
- 1:09:37[SPEAKER_00]: I think every in the time thought that I would be only a store it's for the lady.
- 1:09:42[SPEAKER_03]: Yeah.
- 1:09:43[SPEAKER_00]: I didn't have to quit my job, but I'm still earning a store's facility.
- 1:09:47[SPEAKER_00]: So I think being able to bring out the winnering you is what we've been able to cultivate.
- 1:09:53[SPEAKER_00]: So you need to come be in the wealthy co-est that plan.
- 1:09:57[SPEAKER_03]: I've seen it.
- 1:09:57[SPEAKER_03]: Me and I have seen it like with our own two eyes.
- 1:10:00[SPEAKER_03]: I remember when Joe, you didn't know this, but when you had your first challenge, you know we was all in the year all together.
- 1:10:08[SPEAKER_03]: And Ramele was just watching the challenge.
- 1:10:10[SPEAKER_03]: He's like, you're like,
- 1:10:11[SPEAKER_03]: joy, joy, joy, joy, joy, joy, joy, joy, joy, and joy is just in the mix, you know, she's doing what I do, you know, scared and still doing it, you know, and still getting the guidance and still borrowing the confidence from somebody else to be able to go out there and start, you know, turning up and doing different things.
- 1:10:33[SPEAKER_03]: So, I love it.
- 1:10:35[SPEAKER_03]: I don't know.
- 1:10:36[SPEAKER_02]: Real good.
- 1:10:36[SPEAKER_02]: I reason why I turned to you, Joy, like, like, I need you to speak to that, right?
- 1:10:39[SPEAKER_02]: Because she's ready to live in proof.
- 1:10:41[SPEAKER_02]: Like somebody that comes from brick and mortar, background, right?
- 1:10:44[SPEAKER_02]: You know, doing it a traditional way, but like really entered this new space of being online.
- 1:10:49[SPEAKER_02]: And now it's like the number one leading authority, top of the future, the biggest road for it, right?
- 1:10:56[SPEAKER_02]: So, you gotta do it's hand.
- 1:10:58[SPEAKER_02]: That's just the bottom line.
- 1:10:59[SPEAKER_02]: You got to do a scared, but she's going to need people that's going to hold you accountable and remind you of the gift that you have inside of you.
- 1:11:07[SPEAKER_02]: And we do that with each other.
- 1:11:08[SPEAKER_02]: I remember one time we had we was doing our virtual childhood together a couple years ago.
- 1:11:13[SPEAKER_02]: And it was three of us, you know, bones like bro.
- 1:11:17[SPEAKER_02]: You, you, you, he said this for like when he's a, you bullshit.
- 1:11:20[SPEAKER_02]: And he said, you, because, because I'm always like my personality, I, I will jump to the front.
- 1:11:27[SPEAKER_02]: Right.
- 1:11:27[SPEAKER_02]: I know, I'll jump to the front.
- 1:11:29[SPEAKER_02]: I'll make things happen.
- 1:11:30[SPEAKER_02]: And I started to become self-conscious.
- 1:11:32[SPEAKER_02]: It was like, I don't want to be taking them all up.
- 1:11:33[SPEAKER_02]: I love, like, you know what I'm saying?
- 1:11:34[SPEAKER_02]: So,
- 1:11:34[SPEAKER_02]: I would kind of play the background so everybody else could feel that they confident that they do what they need to do.
- 1:11:40[SPEAKER_02]: He like, bro, I need you to be you.
- 1:11:42[SPEAKER_02]: Like, do what you do.
- 1:11:43[SPEAKER_02]: Don't worry about what nobody's or how this person's gonna feel, be you.
- 1:11:47[SPEAKER_02]: But he had to remind me who I was.
- 1:11:50[SPEAKER_02]: And now that gave me the confidence going, like, you right, let me stop playing games.
- 1:11:52[SPEAKER_02]: Like, let me step into what I know my gift is, and not, then my light, because I
- 1:11:58[SPEAKER_01]: What environment I'm in and how I want to make people feel because I'm shit and I like that God gave me And so we just don't them you like you got to give Do it scared how do people around you that's gonna push you to get to that next level And one I think we need to be a little more black and white with things I act just so what is really the worst case in there sometimes we got all these different things going on in our minds But right on pay what is the worst case in there all right if I start this business
- 1:12:24[SPEAKER_01]: and I posted on Instagram, what is the worst answer is going to happen?
- 1:12:29[SPEAKER_01]: Might not get no shares?
- 1:12:30[SPEAKER_01]: Like sometimes we think of things or a lot worse than what it actually is.
- 1:12:35[SPEAKER_01]: My whole concept is if it's not definite, that's my whole concept.
- 1:12:39[SPEAKER_01]: So, okay, if I go ahead and write this book, and I don't become number one bestseller, that's the worst thing in heaven.
- 1:12:48[SPEAKER_01]: Is that really that bad?
- 1:12:49[SPEAKER_01]: Like, you might even get cells in the midst of it.
- 1:12:52[SPEAKER_01]: May you might not hit the number that you really wanted, but did you really lose?
- 1:12:56[SPEAKER_01]: And that's the thing we always got to bring ourself back to.
- 1:12:59[SPEAKER_01]: Sit, I was just telling this earlier, like maybe get up early in the morning when the room is quiet and how's the quiet?
- 1:13:04[SPEAKER_01]: Really write down in a paper like, okay, what is the worst case scenario if I go ahead and jump into this avenue?
- 1:13:11[SPEAKER_01]: Well, maybe I might not get enough sales, but like how what or maybe nobody may not like my post I might not get any shares.
- 1:13:19[SPEAKER_01]: Maybe I might not go viral But is that really that bad a lot of us are in scared to do things when the repercussions isn't really in a Major less I want to say as majority of people are not going to get into business where they have to quit the job Starting off
- 1:13:34[SPEAKER_01]: When I first got in a real estate, I still worked in my job for a couple months before I quit it because I didn't have that many deals, even me.
- 1:13:42[SPEAKER_01]: Like, if I quit my job with that hell, I wasn't going to be doing all day anywhere.
- 1:13:44[SPEAKER_01]: I didn't have that much motion to get started.
- 1:13:47[SPEAKER_01]: You get what I'm saying.
- 1:13:48[SPEAKER_01]: So you got an extra self.
- 1:13:49[SPEAKER_01]: Okay, because a lot of people say, I don't want to start this business, but I got this job.
- 1:13:53[SPEAKER_01]: Do both.
- 1:13:55[SPEAKER_01]: And to it gets to the point hot for my job shared as, um, utilize usually real estate closings on Friday.
- 1:14:02[SPEAKER_01]: So I was working my job and I started picking up business early on because I was just grinding.
- 1:14:07[SPEAKER_02]: Yeah.
- 1:14:07[SPEAKER_01]: I started having closing on Friday and told my job I can't work Friday's no more.
- 1:14:10[SPEAKER_01]: Pay it.
- 1:14:11[SPEAKER_01]: No pay time off.
- 1:14:12[SPEAKER_01]: Just all from Friday's my job.
- 1:14:13[SPEAKER_01]: I'm sure the clouds get paid on Fridays.
- 1:14:15[SPEAKER_01]: Then it got to the point where a lot of my work seven a.m. and the three p.m. so a lot of people when I look at houses when in those half the work.
- 1:14:23[SPEAKER_01]: What the hell am I quitting the job?
- 1:14:24[SPEAKER_01]: What am I doing during the day?
- 1:14:25[SPEAKER_01]: If everyone went to look at houses at four or clock one.
- 1:14:28[SPEAKER_01]: Yeah, then my business started picking up.
- 1:14:30[SPEAKER_01]: I started getting more like high level people where they wanted.
- 1:14:34[SPEAKER_01]: They don't have to wait until five o'clock.
- 1:14:35[SPEAKER_01]: They can go check a deal on 12 o'clock at the noon.
- 1:14:38[SPEAKER_01]: That's when I quit.
- 1:14:40[SPEAKER_01]: Now, my job is stopping me from actually making money.
- 1:14:43[SPEAKER_01]: Majority of people that I started, I'm gonna say this.
- 1:14:45[SPEAKER_01]: Majority of you guys that are starting are not in a position yet where your job is stopping you from making money.
- 1:14:50[SPEAKER_01]: So you can do both until you get to the point where, whoa, my job, just my $100 day job, just stopping you making them from $5,000.
- 1:15:00[SPEAKER_01]: Now you go ahead and quit that job, but you can do both, because that's one thing I hear.
- 1:15:04[SPEAKER_01]: A lot, I have to quit to start now.
- 1:15:07[SPEAKER_04]: And that's what I said, that's what I said.
- 1:15:10[SPEAKER_04]: Now, it was a whole lot of game on this one.
- 1:15:12[SPEAKER_04]: I did want to ask one last thing, because I know we do got a rap song.
- 1:15:17[SPEAKER_04]: So all three of you guys are parents.
- 1:15:20[SPEAKER_04]: When I think about wealth, I always think about the next generation.
- 1:15:23[SPEAKER_04]: I'm pretty sure all three of you guys are super busy, but how, like, what are some ways that
- 1:15:29[SPEAKER_04]: as parents that you guys are setting your kids up for success.
- 1:15:32[SPEAKER_04]: Like for example, a lot of times, you know, they still might be young.
- 1:15:35[SPEAKER_04]: They might not even know, like, hey, my parents got money.
- 1:15:37[SPEAKER_04]: Like, what are some things you guys do to kind of keep them, you know, not humble, but also show them like you'll look.
- 1:15:45[SPEAKER_04]: You got to earn the money, this is what you got to do to get the money, teaching them how real estate deals, buying businesses, how to protect yourself, like what are some ways that you guys are passing on to the next generation?
- 1:15:58[SPEAKER_01]: I think just keeping the kids in the first and foremost keeping the kids in an environment whether they like it or not.
- 1:16:04[SPEAKER_01]: My son says I'm so funny, he said when I get all I want to do two things, he's only be a motorcycle driver and I want to do what you do, I said do what I do, he said by houses.
- 1:16:15[SPEAKER_01]: I said, oh, you want to go off, he said, yeah, one phone, one boring.
- 1:16:20[SPEAKER_01]: What they're kept they know was going on my mom said this I mean she said raise a child up In a way that they never depart from it something like I don't know the fool scripture, but I When you say something enough is going to stick with them like my son already know work first play hard work first and then we play later Get yourself done in the house get your cool mind on that stuff then we could play as much as you want but get that stuff He knows it.
- 1:16:44[SPEAKER_02]: Yeah
- 1:16:44[SPEAKER_01]: They know, hey, we got that old Saturday, and we got to go check on some houses.
- 1:16:48[SPEAKER_01]: Before we go and do all this, we got to check, like, it starts to be programmed where it's never going to the heart for none, you know what I mean?
- 1:16:55[SPEAKER_01]: So I think, that's first and foremost, putting them in violence where you have to make sure you stay on top of it, so they can start catching on certain things, and things like that.
- 1:17:04[SPEAKER_01]: One of the things that we just started doing, my son, he, his job in the house is he has to take the orders and put them on the shelf in the refrigerator,
- 1:17:13[SPEAKER_01]: Put the water.
- 1:17:13[SPEAKER_01]: It's take the trash out and make sure it's bed.
- 1:17:16[SPEAKER_01]: That's his choice in the house So now when we start we just started doing he gets $10 every Saturday But in that $10 had to put a little bit of money in his jar for savings put a little bit of money in his investment jar and then put a little bit money into like donating The rest of the money he can keep
- 1:17:31[SPEAKER_01]: You're never going, like, you start programming them early on different things.
- 1:17:35[SPEAKER_01]: That's for them to be, you know, on a front face and behind the scenes, just making sure we invest in them, put money in an account for them.
- 1:17:42[SPEAKER_01]: My house is for them.
- 1:17:43[SPEAKER_01]: By little things that you could do behind the scenes, but I think none of that stuff matters if you don't put them in the front face and be a part of it.
- 1:17:51[SPEAKER_01]: And the only reason I'm so strong about that is because I'm behind this.
- 1:17:54[SPEAKER_01]: My whole real estate strategy is targeting and elderly people.
- 1:17:58[SPEAKER_01]: Not because I'm trying to take advantage of him, but majority of I get the same thing all the time.
- 1:18:03[SPEAKER_01]: I wish my son was like you.
- 1:18:05[SPEAKER_01]: I heard that more times than I can even.
- 1:18:07[SPEAKER_01]: I wish my son was like you.
- 1:18:10[SPEAKER_01]: What do you mean?
- 1:18:10[SPEAKER_01]: Well, I really want to get his house in my son, but.
- 1:18:14[SPEAKER_01]: they're going to mess it up so I'm going to just sell it and just go to go to casino with it.
- 1:18:17[SPEAKER_01]: I'd rather have it all for my money myself than give it to them.
- 1:18:21[SPEAKER_01]: So I heard it all the time in a reason why it's because technically they pride and had a kid doing the things that I'm having my son doing so they didn't grow up understanding the importance of it.
- 1:18:31[SPEAKER_01]: I met these houses like your son is open in the door for me.
- 1:18:35[SPEAKER_03]: Why the hell is he getting this?
- 1:18:37[SPEAKER_01]: None of my business.
- 1:18:38[SPEAKER_01]: So I think those things most importantly making sure they involved in the process.
- 1:18:43[SPEAKER_02]: You know, I want to add to that, right?
- 1:18:44[SPEAKER_02]: Because on the best ability is visibility, right?
- 1:18:48[SPEAKER_02]: I mean, and they got to see it.
- 1:18:50[SPEAKER_02]: And I learned it was a stack, right?
- 1:18:53[SPEAKER_02]: They were saying that children, they do 10% of what they hear you say, but 90% of what they see you do.
- 1:19:01[SPEAKER_04]: Yeah.
- 1:19:02[SPEAKER_02]: And that's important because we always, oh,
- 1:19:04[SPEAKER_02]: Dude, you know what they say when you come coming up.
- 1:19:06[SPEAKER_02]: Do as I say, not as I do.
- 1:19:08[SPEAKER_02]: Oh, right?
- 1:19:09[SPEAKER_02]: Because I want to see you do it.
- 1:19:11[SPEAKER_02]: It's so many people that's out there and they telling their children to, you can be the best version of yourself.
- 1:19:16[SPEAKER_02]: You could go about this business.
- 1:19:17[SPEAKER_02]: You could be everything.
- 1:19:18[SPEAKER_02]: But mom, what you doing with your life?
- 1:19:20[SPEAKER_02]: Come on.
- 1:19:21[SPEAKER_02]: How could I believe that I could be the best everything in the world?
- 1:19:25[SPEAKER_02]: When I don't see you believe in it, you could be the best thing in the world.
- 1:19:28[SPEAKER_02]: So what Boon is doing with Joy, myself, I know Joy, brought a son to the last event last, you know?
- 1:19:34[SPEAKER_02]: So stage was a stage, you know what I'm saying?
- 1:19:36[SPEAKER_02]: Like that's environment, that's exposure.
- 1:19:39[SPEAKER_02]: And we have to lead by example.
- 1:19:41[SPEAKER_02]: We do a lot of community service and give back.
- 1:19:43[SPEAKER_02]: I take my son with me, he love giving back.
- 1:19:46[SPEAKER_02]: So I try to teach him the humility and gratitude.
- 1:19:49[SPEAKER_02]: Look, everybody don't live this way.
- 1:19:51[SPEAKER_02]: He went to my, on his own house, and he was like, on, on tea, which is second floor.
- 1:19:55[SPEAKER_01]: Oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no
- 1:20:19[SPEAKER_02]: But most importantly, be the example.
- 1:20:21[SPEAKER_02]: Yeah.
- 1:20:21[SPEAKER_00]: I will take my song with me, like, to, we went to three different cities in two days, different planes, podcasts, interviews, and he's just like, oh, I'm tired.
- 1:20:33[SPEAKER_00]: If he has his word, see, even when I'm gone, this is work, or he'll be like, he was zoomed tonight.
- 1:20:38[SPEAKER_00]: Okay, we'll go like, so he sees me working, but more importantly,
- 1:20:42[SPEAKER_00]: He saw us come from first class to the country.
- 1:20:47[SPEAKER_00]: And I was like, just give me six months.
- 1:20:48[SPEAKER_00]: I'm gonna get us back.
- 1:20:49[SPEAKER_00]: And he saw me work relentlessly.
- 1:20:52[SPEAKER_00]: So he'll write his bike during the day, but then when he comes home, I got the zoom.
- 1:20:57[SPEAKER_00]: He's in his laptop, finishing his work.
- 1:21:00[SPEAKER_00]: So he understand, I can't go to bed until the work is done.
- 1:21:03[SPEAKER_00]: I will treat him and we'll go sit at the, I'm on the floor, the lacquer's game.
- 1:21:08[SPEAKER_00]: But I'm unless you see how much these tickets are.
- 1:21:11[SPEAKER_00]: So, you know how long it's going to take you to make this.
- 1:21:15[SPEAKER_00]: So, he understands what I want, like the life I have, cost money.
- 1:21:21[SPEAKER_00]: So, he was, hey mom, this kid wants my bike and I said, he's always trying to sell stuff.
- 1:21:25[SPEAKER_00]: I'm like, yes, on how much, now he's trying to get you, get some more.
- 1:21:31[SPEAKER_00]: He's always thinking of a way to...
- 1:21:33[SPEAKER_00]: Make, I need my own money, you sure do, what are you going to sell?
- 1:21:36[SPEAKER_00]: And so he'll be selling toys, this, trying to make up so I've now he's in the fishing bay, whatever it is, baby.
- 1:21:41[SPEAKER_00]: Well, we all sell something here at the hunt house.
- 1:21:44[SPEAKER_00]: But I think your kids just seeing the real and you an understanding thing, they're going to duplicate what they see.
- 1:21:51[SPEAKER_04]: definitely.
- 1:21:52[SPEAKER_04]: And just to close by definitely want to get more information, you know, about the five the challenge that you guys coming up, that you guys got coming up, you know, the dates and like what type of, I mean, from this episode, it's a whole bunch of value.
- 1:22:05[SPEAKER_04]: It's pretty sure.
- 1:22:07[SPEAKER_02]: Paul is right now paused that episode and in text the word motion to 3474296 text the word motion to 3474296496.
- 1:22:13[SPEAKER_02]: We are having our five day wolf cold
- 1:22:22[SPEAKER_02]: Accelerated mentorship.
- 1:22:23[SPEAKER_02]: So for five days you get to be with the three of us and we're going to have other special guests experts and structures that's going to teach you how to build your income, how to protect what you make and how to pass it down from ADZ, whether it is a great money, whether digital products, real estate investing, life insurance, business ownership, you name it.
- 1:22:42[SPEAKER_02]: We go into a step by step and we built the wealth code and I want to say this you know last piece because a lot of people they go and try to get pieces together and put it all together on their own so they're going to join.
- 1:22:53[SPEAKER_02]: They're going to bring it coming to me and we say how do we come together to deliver one full road map, one stop shop and that's what the wealth code is.
- 1:23:01[SPEAKER_00]: And also how to pass it down.
- 1:23:03[SPEAKER_00]: Correct.
- 1:23:03[SPEAKER_00]: Because you don't want to acquire all these things and then when you die.
- 1:23:07[SPEAKER_00]: your loved one, your kids your grandkids don't get anything because they got caught of them probate court, you know, and so you want to make sure that you know how to pass these things down so that the next generation is able to benefit from all your hard work and sacrifice.
- 1:23:21[SPEAKER_01]: That's the one that I want to make you clear, sorry, but I understand there's no other place on the planet.
- 1:23:27[SPEAKER_01]: that you can get this kind of information from the comfort of your home.
- 1:23:30[SPEAKER_01]: Think about this.
- 1:23:30[SPEAKER_01]: We're going to show you how to make cash, then turn that cash into an asset, then double down on an asset with life insurance.
- 1:23:38[SPEAKER_01]: Then note, then teach you how to go and pass it down through trust, the property state planning, and then circle it all back to do it again two, three, four other five other times.
- 1:23:47[SPEAKER_01]: across five days with each day is a different topic that way by time day five hit you have the full blown road map.
- 1:23:54[SPEAKER_01]: There's no other place on the planet where you could get that kind of information from the comfort home at all.
- 1:24:00[SPEAKER_01]: So you guys definitely text a number and be a part of this because you're a whole entire life and your family's life can change just off of this information.
- 1:24:08[SPEAKER_01]: I'm strong in it because I went and invested into a class years ago to get me to where I
- 1:24:17[SPEAKER_04]: Yeah, this was good, this was good, and I know we pretty much done, but just based on the last, on the event last year, what is some testimony?
- 1:24:27[SPEAKER_04]: It was like some wins that you guys got for some people who, you know, they were part of the challenge and the wealthy experience.
- 1:24:36[SPEAKER_01]: I got one person specifically that she doubled down.
- 1:24:39[SPEAKER_01]: She invested into a property.
- 1:24:41[SPEAKER_01]: I'm in Philadelphia.
- 1:24:42[SPEAKER_01]: We both fixed it up and flipped it.
- 1:24:44[SPEAKER_01]: So she went and made a return on that and got the experience on that.
- 1:24:47[SPEAKER_01]: And then here's the other thing.
- 1:24:49[SPEAKER_01]: When you invest with us, we can add you to...
- 1:24:52[SPEAKER_01]: Um, the paperwork to show your experience.
- 1:24:54[SPEAKER_01]: So now when she does her next deal, she doesn't even need us.
- 1:24:57[SPEAKER_01]: She can go ahead and do her own deal and get better rates because now she have experienced a lot of these lenders when someone has experience.
- 1:25:04[SPEAKER_01]: But now she has the paperwork to say how is a part of this deal.
- 1:25:07[SPEAKER_01]: Even though she was doing this without actually being like,
- 1:25:10[SPEAKER_01]: Dana Day, but now she has the experience to go and show so now she doesn't get new be rates and she gets a better written than she went ahead and invested on another deal as well as you can explain.
- 1:25:20[SPEAKER_02]: She invested, she's actually, so the self storage facility that I came to, we did the great opening that weekend.
- 1:25:26[SPEAKER_02]: She also invested in that, but the real key piece is she went and got life insurance.
- 1:25:31[SPEAKER_02]: So she put the money into her life insurance policy whole life.
- 1:25:34[SPEAKER_02]: And in 30 days later, Barra gets to an investor to become a partner, and it's so much business.
- 1:25:39[SPEAKER_02]: So, all of these buckets, owning themselves storage, life insurance policy, investing in real estate, now you got the credentials, you have ownership, you have the tax benefits, all because you decided to bet on yourself, invest and join the program.
- 1:25:53[SPEAKER_01]: And she did the same thing that you about to do.
- 1:25:57[SPEAKER_01]: the same thing that you about to do and vests into this five-day accelerated measure.
- 1:26:01[SPEAKER_01]: She was in the same seat you were in, but she actually paused it and vests it and then came back and now she went and did three different moves from one five-day training.
- 1:26:10[SPEAKER_01]: So I want you guys to go ahead and do the same thing if you want to go ahead and make some type of difference in yourself.
- 1:26:16[SPEAKER_02]: You got to be the right people and we got the results to show for it.
- 1:26:18[SPEAKER_02]: All right, let's go.
- 1:26:20[SPEAKER_02]: So it's good.
- 1:26:21[SPEAKER_03]: Shit, I can ask another question.
- 1:26:22[SPEAKER_03]: Go for another 30 minutes.
- 1:26:23[SPEAKER_03]: Black, and this is good.
- 1:26:25[SPEAKER_03]: I definitely think this is good.
- 1:26:27[SPEAKER_03]: Where can the people find you guys?
- 1:26:29[SPEAKER_00]: You can go for me, Joy Hunt, underscore ESQ.
- 1:26:32[SPEAKER_00]: So J-O-I, H-U-N-T, underscore ESQ, or see what the bank.com.
- 1:26:37[SPEAKER_01]: This is the Graham DSB-O-O-N-A.
- 1:26:39[SPEAKER_01]: I forgot the last time you were going to YouTube.
- 1:26:41[SPEAKER_01]: You just had fun to do in clothes on YouTube.
- 1:26:43[SPEAKER_01]: We have a lot of videos on this extra information.
- 1:26:46[SPEAKER_02]: And more good lifestyle on all platforms, M.O.G.U.L.
- 1:26:49[SPEAKER_02]: A lot of EST, Y-L-E, UNESCO, all platforms, LinkedIn, Facebook, YouTube, TikTok, and we're going to pull up.
- 1:26:58[SPEAKER_01]: This is young man, a LinkedIn, threw me for loop.
- 1:27:00[SPEAKER_01]: That's not what I'm doing right now.
- 1:27:02[SPEAKER_01]: That's not what I'm doing right now.
- 1:27:04[SPEAKER_01]: I don't think that's what I'm doing right now.
- 1:27:05[SPEAKER_01]: It's how I have one.
- 1:27:06[SPEAKER_01]: I made it.
- 1:27:07[SPEAKER_02]: Now we didn't know what it was.
- 1:27:08[SPEAKER_02]: They didn't tell you.
- 1:27:09[SPEAKER_02]: I don't sleep with LinkedIn a lot.
- 1:27:10[SPEAKER_02]: I've been doing this on it.
- 1:27:12[SPEAKER_02]: You could go live on LinkedIn and all that too.
- 1:27:16[SPEAKER_03]: But let's say y'all, we didn't get the chance to ax all of the questions that you guys probably would have wanted to ax But go ahead and join them in the Accelerated challenge, so that way you guys can go out there and start axing the questions that you truly want to ax and See you at the bank as usually say Any fine words for you bro?
- 1:27:38[SPEAKER_01]: No, this is good any way we want to last thing hold the book up
- 1:27:41[SPEAKER_01]: If you don't do anything, I need you to go to Amazon right now in what's the name of the book.
- 1:27:48[SPEAKER_00]: Don't do me boom.
- 1:27:48[SPEAKER_00]: No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no
- 1:28:14[SPEAKER_03]: Well, let's say, guys, this is another episode of Motion in Success.
- 1:28:18[SPEAKER_03]: Like, comment, share, and subscribe, and join them inside the upcoming challenge.
- 1:28:22[SPEAKER_03]: And listen, guys, we'll see you on the next episode.
- 1:28:24[SPEAKER_03]: Peace.
- 1:28:25[SPEAKER_03]: Good.