Latest / The Table with Anthony ONeal / This New Trump Rule Could Make Your Family Rich (Here's How To Claim It)

Transcript

This New Trump Rule Could Make Your Family Rich (Here's How To Claim It) · The Table with Anthony ONeal

0:00
[SPEAKER_00]: What's going on, family support Anthony O'Neill, some of you all call me eight.
0:03
[SPEAKER_00]: Oh, and today is going to be a good show.
0:08
[SPEAKER_00]: I need you all to actually dial in on this one for me if you can.
0:13
[SPEAKER_00]: I need you to stop looking at your phone for Netflix, for Instagram, give TikTok a quick, twenty-five minute max break.
0:25
[SPEAKER_00]: If your kids are home with you today, I honestly, I want you to actually encourage them to watch this show with you because this is going to be a show that I believe that if we can strategically use this information, it can help change the trajectory about our future.
0:43
[SPEAKER_00]: Remember, everything that I'm teaching about, everything that I'm talking about here on the show, the table with Anthony O'Neill, is specifically for our community, the new name of our community is called in the black community.
0:56
[SPEAKER_00]: And in the black simple means that we're getting out of the red and I want to give you all tips, tools, solutions and wisdom and knowledge to help you get out of the negative and into the positive out of the red and into the black.
1:09
[SPEAKER_00]: And when specifically when it comes to getting into the back, you all know I do not play when it comes to building wealth.
1:13
[SPEAKER_00]: You all know I don't play when it comes to getting out of debt and you especially, you know, I don't play when it comes to building wealth and freedom for our families and especially for our kids.
1:24
[SPEAKER_00]: And I just did some research that has me even more excited about what's to come.
1:30
[SPEAKER_00]: It has me even more excited than when I paid actually off my student loans.
1:36
[SPEAKER_00]: More excited than when I bought my first house, you know, here recently.
1:42
[SPEAKER_00]: Let's be honest, most people are stressed and stuck in the paycheck to paycheck cycle because they were never taught money actually works.
1:51
[SPEAKER_00]: That is exactly why I built this channel.
1:54
[SPEAKER_00]: Every week, my team and I are breaking down how to mess with your money, how to get out of debt, say, invest, and build well without borrowing a dime.
2:04
[SPEAKER_00]: No flood, no hype.
2:06
[SPEAKER_00]: Just real money talking.
2:07
[SPEAKER_00]: I actually helps you win financially.
2:10
[SPEAKER_00]: You see, because money impacts every aspect of our lives.
2:13
[SPEAKER_00]: Our peace, our relationships, and even our future.
2:16
[SPEAKER_00]: If you don't take control of it, it will love control you.
2:20
[SPEAKER_00]: And if you're tired of just surviving and you're ready to build well-guys way, you're in the right place.
2:25
[SPEAKER_00]: Over nine hundred thousand people have already subscribed to our YouTube channel with over millions of download and our applicants by the podcast.
2:32
[SPEAKER_00]: Now, when we hit a million on YouTube, we're giving way thirty thousand dollars to help you get out of debt in the start building legacy.
2:38
[SPEAKER_00]: So listen, don't just watch.
2:40
[SPEAKER_00]: Hit that subscribe family.
2:42
[SPEAKER_00]: Join this community.
2:43
[SPEAKER_00]: Let's build real wealth.
2:45
[SPEAKER_00]: Let's build real financial freedom together.
2:49
[SPEAKER_00]: It's your boy.
2:50
[SPEAKER_00]: Hit that subscribe.
2:51
[SPEAKER_00]: Let's get back to the show.
2:53
[SPEAKER_00]: Trump, and I don't care how you feel about the man politically.
2:58
[SPEAKER_00]: Let me say this upfront, right?
3:01
[SPEAKER_00]: And I want to say this boldly.
3:03
[SPEAKER_00]: My favorite president is Clinton.
3:07
[SPEAKER_00]: After Clinton was Barack,
3:11
[SPEAKER_00]: Um, and so I even like a little bit of what bush did as a Republican.
3:20
[SPEAKER_00]: Um, and it's but at the same time, there are some things that Barack Obama did that I totally disagreed with.
3:28
[SPEAKER_00]: But I still respected the office and still respected him as a man and even though especially him being in my top, my top two presidents, um, I've got to say this upfront.
3:42
[SPEAKER_00]: Well, there's a lot of things.
3:43
[SPEAKER_00]: I do not agree with when it comes to our president.
3:50
[SPEAKER_00]: I still respect the office of the presidency.
3:55
[SPEAKER_00]: And I want to start off today's show because you all hear me say this all the time.
3:57
[SPEAKER_00]: It doesn't matter about what the White House does.
4:00
[SPEAKER_00]: It only matters about what your house does.
4:04
[SPEAKER_00]: And what we have to do is take things and information from the White House, from the government and bring it into our house and see what applies and what works for us in our home.
4:15
[SPEAKER_00]: I genuinely don't care about people's political agenda.
4:18
[SPEAKER_00]: I don't care if you're Republican, Democrat halfway through or whatever it is.
4:24
[SPEAKER_00]: That stuff doesn't bother me.
4:25
[SPEAKER_00]: Do you love God?
4:27
[SPEAKER_00]: Do you want to help people get dead free?
4:28
[SPEAKER_00]: Do you want to be dead free?
4:30
[SPEAKER_00]: Is it because Donald Trump just signed a legislation that is about to put some free money into children's hands?
4:39
[SPEAKER_00]: And I'm talking a thousand dollars dropped into an account automatically.
4:43
[SPEAKER_00]: I know some of my friends, but oh a thousand dollars, well listen man, I'm not saying this is the end all be all.
4:52
[SPEAKER_00]: Here's what I am saying.
4:53
[SPEAKER_00]: This is a thousand dollars more than what any of us had who have children.
4:59
[SPEAKER_00]: So any time I can get a thousand dollars to invest into my kids' future and I don't really have to do anything for it.
5:05
[SPEAKER_00]: Okay.
5:08
[SPEAKER_00]: What do I do with this thousand dollars?
5:10
[SPEAKER_00]: No applications, no income limits, no hoops to jump through.
5:16
[SPEAKER_00]: But here's the thing.
5:17
[SPEAKER_00]: Ninety-five percent of parents have no idea that this even exists.
5:22
[SPEAKER_00]: They're still putting money under their mattress, still using their regular savings account, getting point zero-five percent.
5:30
[SPEAKER_00]: Wow, the opposite inflation is eating out of life.
5:36
[SPEAKER_00]: Still thinking the only way to pay for college is to do the loans.
5:40
[SPEAKER_00]: Nah, nah.
5:44
[SPEAKER_00]: That's not going to help us get into the black.
5:45
[SPEAKER_00]: That mindset, the lack of information and the way of looking at our finances, that's not going to help us go from in the red to in the black.
5:55
[SPEAKER_00]: And I can't allow that to happen on my watch.
5:58
[SPEAKER_00]: Not when I can help you understand how to use the same tools, wealthy individuals and wealthy families have been using for decades to build generation or wealth.
6:09
[SPEAKER_00]: So I need you to buckle up.
6:10
[SPEAKER_00]: I need you to lock in.
6:11
[SPEAKER_00]: I need you to grab a seat of a paper, grab your pen, pause this show if you need to, pause it on podcast, pause it on YouTube if you need to, because for the next twenty five minutes, I'm about to break down exactly how to turn your child's future from broke to bless.
6:28
[SPEAKER_00]: how to change a child's future.
6:30
[SPEAKER_00]: Watch this from going from average to now they're way above.
6:37
[SPEAKER_00]: Way above.
6:38
[SPEAKER_00]: I'm gonna have Ed bring this up on a screen, CNBC, just release the article.
6:42
[SPEAKER_00]: I'm not gonna read the full article, but I'm gonna put the article inside of the show notes, and you'll see a quick little screenshot of it right now on the CNBC, but Trump's budget bill made, five, twenty nine college savings plans, even more powerful.
6:55
[SPEAKER_00]: Here's exactly what it means for your money.
6:59
[SPEAKER_00]: The so-called big, beautiful budget bill made headlines for among other things, introducing a new type of investing account,
7:07
[SPEAKER_00]: that parents could open on behalf of children under eighteen years old.
7:12
[SPEAKER_00]: For US citizens born from twenty twenty five through twenty twenty eight, the government will see the portfolios, which have come to be known as Trump accounts with an initial contribution of one thousand dollars.
7:25
[SPEAKER_00]: It's easy to see why the accounts took the spotlight.
7:28
[SPEAKER_00]: Free money is free money, but if you're a parent looking to save money for child education in particular,
7:34
[SPEAKER_00]: The bill also quietly made an investment vehicle designed for that purpose more flexible.
7:40
[SPEAKER_00]: When it comes to saving for a child's education, a five, two, nine account is the only account that is both tax deferred and tax exempt.
7:51
[SPEAKER_00]: As long as you put the money toward a qualified educational expense and that definition has been ever growing.
7:58
[SPEAKER_00]: under the new bill accounts that were originally designed to let families say for higher education costs now support an even larger amount of education and career related costs.
8:11
[SPEAKER_00]: Some of y'all saying Anthony, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait,
8:23
[SPEAKER_00]: Let me see if I can pull up my notes because I have notes that sometimes I be winging it but then today I really want to pull up my notes.
8:30
[SPEAKER_00]: All right.
8:33
[SPEAKER_00]: Let me break down why this is important.
8:35
[SPEAKER_00]: I really want to break down the problem of what's going on.
8:39
[SPEAKER_00]: All right.
8:41
[SPEAKER_00]: educational cost is out of control.
8:43
[SPEAKER_00]: And I'm saying this as an HBCU professor.
8:47
[SPEAKER_00]: I have an honor of being inside of school right now.
8:51
[SPEAKER_00]: I'll get in my executive MMBA.
8:56
[SPEAKER_00]: And I got a scholarship through Virginia University.
9:01
[SPEAKER_00]: I teach consumer economics at Virginia University.
9:06
[SPEAKER_00]: I do start my doctorate degree here.
9:13
[SPEAKER_00]: coming up in September.
9:15
[SPEAKER_00]: So I am completely aware of education even to the point that did you know that the average cost just for tuition throughout the United States of America per year for a child to go to school is right around thirty seven thousand dollars just for that college experience for one year.
9:33
[SPEAKER_00]: So if we times that by four that's about a hundred and forty eight thousand dollars for a four year bachelor's degree.
9:40
[SPEAKER_00]: a hundred and forty eight thousand dollars for four-year bachelor's degree.
9:45
[SPEAKER_00]: And that's just the average.
9:47
[SPEAKER_00]: There are some schools that are charging even far for north of eighty thousand dollars, eighty grand, a year just to go to school.
10:03
[SPEAKER_00]: But here's a thing that is really, really, really, really
10:09
[SPEAKER_00]: that we are overlooking trade schools, we're overlooking professional certifications.
10:16
[SPEAKER_00]: All these alternatives have, like for example, you can go to a tech school, like a school, like let's say for example, career is and get into the tech program and only spend maybe about four to five thousand dollars and get a job making eighty ninety thousand dollars.
10:31
[SPEAKER_00]: You can go to a trade school learn how to do the eights back.
10:35
[SPEAKER_00]: That's what it cost you about fifteen thousand dollars, but come out making eighty to ninety thousand dollars.
10:40
[SPEAKER_00]: You can go to Welding School and Welding School is going to run you a little bit more about twenty thousand dollars for the whole program.
10:47
[SPEAKER_00]: But you're going to come out making eighty to one hundred thousand dollars a year.
10:51
[SPEAKER_00]: Man, you can get a run the state license for two thousand dollars a year.
10:55
[SPEAKER_00]: And for two thousand dollars for the program, I make a hundred and fifty even far up to a million dollars.
11:00
[SPEAKER_00]: There are so many different ways that I believe you can go about getting the education because hear me clearly.
11:08
[SPEAKER_00]: Education is important.
11:11
[SPEAKER_00]: Education is important, but how we get the education is where I tend to find it.
11:24
[SPEAKER_00]: So we see the problem.
11:26
[SPEAKER_00]: It's causing our students anywhere between a hundred and forty thousand to up to a half a million dollars to get a four-year degree.
11:33
[SPEAKER_00]: That's just for their bachelor's.
11:34
[SPEAKER_00]: We're not talking about, you know, their grab program or going off to get their, their doctorate, a DBA or a PhD or MDive.
11:41
[SPEAKER_00]: We're not talking about accelerating.
11:43
[SPEAKER_00]: We're just talking about for a four-year degree bare minimum of the average kid if they have no scholarships, nothing going to spend about one forty to about a half million dollars.
11:52
[SPEAKER_00]: That's ridiculous.
11:54
[SPEAKER_00]: And I will say that as an HBCU professor, ain't no way in hell.
11:58
[SPEAKER_00]: And I said it, my kids are going to borrow a hundred and forty thousand dollars to go get a piece of paper.
12:05
[SPEAKER_00]: When already inside of the majority of the schools, not my school Virginia Union, not my school.
12:12
[SPEAKER_00]: We're not even teaching financial literacy.
12:17
[SPEAKER_00]: Don't get me started.
12:18
[SPEAKER_00]: I'm getting passionate about this message.
12:19
[SPEAKER_00]: This is why I'm actually back in school.
12:21
[SPEAKER_00]: Let me say this right now.
12:22
[SPEAKER_00]: Let me go off at this subject.
12:24
[SPEAKER_00]: I'm getting passionate about this subject and come back over here.
12:26
[SPEAKER_00]: You all want to know the real reason why I'm back in school.
12:29
[SPEAKER_00]: It's because I can do all this teaching to you all, to adults and I love helping and serving our community.
12:36
[SPEAKER_00]: But one thing I realize is that nine times out of ten or for the majority of adults.
12:43
[SPEAKER_00]: Some of us are already kind of stuck in our ways.
12:46
[SPEAKER_00]: And so it's hard to change the minds of adults.
12:50
[SPEAKER_00]: So if I can catch younger people while they're younger, uh-oh, and tell them, hey, this is what you need to do to avoid the mistakes that your parents, my parents that I may, when we were your age,
13:04
[SPEAKER_00]: While I'm back in school, it's one because I want to get the education to better serve you all, to better serve my community.
13:09
[SPEAKER_00]: But to long term, I want to be a dean and eventually a president at the HBCU.
13:15
[SPEAKER_00]: But within the next three years, I want to be a dean at the HBCU in the business department, and I want to make financial literacy required.
13:26
[SPEAKER_00]: I need you to know how to invest.
13:28
[SPEAKER_00]: I need to help you understand how you're gonna get out of college with no debt.
13:33
[SPEAKER_00]: How do you get out of college with a job, with a business idea, with income, with a savings, with an investment portfolio.
13:40
[SPEAKER_00]: Why are you graduating at twenty two years old, with a hundred and fifty thousand dollars in debt, and you got no savings?
13:46
[SPEAKER_00]: And you have no understanding of what it takes to pay back this debt?
13:51
[SPEAKER_00]: No, so I want to give you a quick three things, three things of what pairs are doing wrong.
13:58
[SPEAKER_00]: Then I want to break down what exactly is a five, twenty nine.
14:01
[SPEAKER_00]: Then from there, I want to break down the Trump account.
14:04
[SPEAKER_00]: Then from there, I want to give you actionable steps of what you need to do to make sure that if you college is in your future, your kids future, we know how to maximize all the tools and resources.
14:17
[SPEAKER_00]: All of the tools and resources that the wealthy people are doing when I get to five, twenty nine.
14:22
[SPEAKER_00]: I got a great store.
14:23
[SPEAKER_00]: I want to tell you all about what really exposed me to five, twenty nine because I was teaching it.
14:28
[SPEAKER_00]: I was teaching the college funds, but man, I'll tell you about it two years ago.
14:32
[SPEAKER_00]: All right, here's the very first thing.
14:34
[SPEAKER_00]: The very first thing that parents are doing.
14:37
[SPEAKER_00]: They're doing nothing.
14:39
[SPEAKER_00]: That's the very first thing.
14:41
[SPEAKER_00]: They're hoping their kids get a scholarship, hoping they qualify for financial aid.
14:48
[SPEAKER_00]: But you're not sitting down with your kids and coming up with the strategy.
14:51
[SPEAKER_00]: Hey, son, I need you to go read the book debt free degree written by Anthony O'Neill.
14:56
[SPEAKER_00]: And the eighth grade parents, you should already be sitting down with your kids giving them a strategy and exposing them.
15:02
[SPEAKER_00]: Hey, listen, if you want to go to Harvard, if you want to go to Yale, if you want to go to Howard, if you want to go to FAMU, if you want to go to Virginia, you and if you want to go to Regent University, no matter where you want to go, son, no matter where you want to go, daughter.
15:15
[SPEAKER_00]: Let me tell you right now.
15:18
[SPEAKER_00]: to borrow money.
15:19
[SPEAKER_00]: We are going to sit down, come up with a strategy.
15:21
[SPEAKER_00]: We're going to make sure that you're getting in the right classes.
15:23
[SPEAKER_00]: We're going to make sure that you're graduating, that every semester you're graduating with A's and bare minimum B pluses, but B pluses in today's day and time ain't really helping you.
15:33
[SPEAKER_00]: We need straight A's.
15:34
[SPEAKER_00]: We're going to make sure you're taking college credit courses.
15:37
[SPEAKER_00]: We're going to make sure that you're volunteer in the community service ain't.
15:39
[SPEAKER_00]: You're building your leadership skills because we got a package you, not just be a straight A student, but we got
15:45
[SPEAKER_00]: I sell the overall brand of who we are as a family.
15:48
[SPEAKER_00]: So colleges can see if we give a Billy Joe a scholarship to go to this school.
15:54
[SPEAKER_00]: Not only are we going to help his mind, but he will help us because of the leader that he is because of the leader who she is.
16:01
[SPEAKER_00]: Parents are sitting around and doing nothing and that is a problem.
16:06
[SPEAKER_00]: Which leads me over to number two.
16:09
[SPEAKER_00]: Paris, you all are saving money.
16:12
[SPEAKER_00]: I'm sitting down with, I'm starting to sit down with more parents and more families and younger couples and, and I'm seeing it get the saving money.
16:21
[SPEAKER_00]: But you all are not saving money in the right places.
16:24
[SPEAKER_00]: You're putting your money inside of a regular savings account.
16:26
[SPEAKER_00]: It's going to give you point zero one percent a year, right?
16:30
[SPEAKER_00]: Point zero five, a p y a year.
16:34
[SPEAKER_00]: So we're not even being a good steward of your money.
16:36
[SPEAKER_00]: Now, y'all know me, I'm a biblical guy, and I'm a stretcher, but if God gives you a hundred dollars, and then you save, twenty-five of it, okay, that's stewardship.
16:50
[SPEAKER_00]: Where you're missing the mark is, you're putting it in a point zero-five area where you should be putting that into an account of gives you four to five percent.
17:01
[SPEAKER_00]: Some of y'all sent my answer to, whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa, help me understand this.
17:07
[SPEAKER_00]: I mean, what's wrong with me allowing the money to sit in the truest?
17:09
[SPEAKER_00]: What's wrong with me allowing the money to sit inside of, you know, Wells Fargo, Bank of America?
17:16
[SPEAKER_00]: What is nothing wrong?
17:18
[SPEAKER_00]: Let me say this upfront.
17:19
[SPEAKER_00]: You're doing a good job by saving it.
17:21
[SPEAKER_00]: You're just not maximizing the tools and the resources that you have access to.
17:28
[SPEAKER_00]: So here's the very first thing what you do.
17:30
[SPEAKER_00]: I want you right now, because some of you are saving money for your kids, college, saving money for your kids first car, saving money for a home, whatever that is.
17:39
[SPEAKER_00]: Listen, save, but maximize the opportunity.
17:44
[SPEAKER_00]: So what I want you to do is I want you to go back.
17:47
[SPEAKER_00]: Once you go to anthonyoneo.com for slash savings.
17:51
[SPEAKER_00]: Again, that is anthonyoneo.com for slash savings.
17:55
[SPEAKER_00]: And I honestly created a list of the top three to five banks that will give you the best interest rate right now throughout the year.
18:04
[SPEAKER_00]: So if you can go from saving point zero five on an API, an annual percentage throughout the year, why not go ahead and get you a full five percent?
18:14
[SPEAKER_00]: But that's good money.
18:15
[SPEAKER_00]: So go to anthemood.com for us to have savings.
18:17
[SPEAKER_00]: Here's the third thing that I'm going to break down exactly what is a college savings plan when it comes to five or twenty nine because there's a lot of things that I think we're missing out on.
18:25
[SPEAKER_00]: And this third thing really, really, really breaks breaks breaks smart.
18:31
[SPEAKER_00]: I sit down with parents and I tell them, hey, if you kid doesn't get a scholarship, what is the plan B?
18:36
[SPEAKER_00]: Oh, it's easy.
18:36
[SPEAKER_00]: We're going to do a parent plus loan.
18:41
[SPEAKER_00]: So parents are already planning to go into debt.
18:44
[SPEAKER_00]: You know what the third thing?
18:45
[SPEAKER_00]: What the second thing?
18:46
[SPEAKER_00]: Up beneath this third point that I think parents are doing wrong.
18:48
[SPEAKER_00]: Not only are they okay with doing a parent plus loan, but I also have parents who are willing to sacrifice their retirement checks aka their four old one case.
19:00
[SPEAKER_00]: Pull money out of their future, pull money out of their retirement funds, pull money out of their investment portfolio to send their kids to school, rather than going back up to number one and doing something.
19:10
[SPEAKER_00]: Because they're doing nothing.
19:12
[SPEAKER_00]: Sit down and get a strategy.
19:15
[SPEAKER_00]: Sit down.
19:17
[SPEAKER_00]: Man, listen, we're going to put the link of my book, debt, free degree inside of the, inside of the, today's show knows you have to get that book.
19:25
[SPEAKER_00]: Is it behind me?
19:26
[SPEAKER_00]: It is behind.
19:29
[SPEAKER_00]: This book, I believe, is one of the most impactful, one of the most powerful books that I've ever written.
19:36
[SPEAKER_00]: Why?
19:37
[SPEAKER_00]: Because this book gives you the strategy of what to do starting in the seventh grade.
19:42
[SPEAKER_00]: From the seventh grade, all we up to the twelfth grade, this is what you need to be doing.
19:51
[SPEAKER_00]: And the problem is we don't really do a good job.
19:55
[SPEAKER_00]: We don't do a good job of strategy.
19:58
[SPEAKER_00]: And I hate to say this.
19:59
[SPEAKER_00]: And I want to talk specifically to my brothers and my sisters who look like me.
20:02
[SPEAKER_00]: I believe this.
20:03
[SPEAKER_00]: And I say this boldly and proudly and without defending anyone.
20:08
[SPEAKER_00]: I believe that we are some of the most creative group of people.
20:11
[SPEAKER_00]: We can take something and turn it into anything that we desire.
20:16
[SPEAKER_00]: We can take something broken and we can make it look beautiful.
20:20
[SPEAKER_00]: We're gifted.
20:22
[SPEAKER_00]: We're just not good with strategy.
20:25
[SPEAKER_00]: So if we can step back and say, you know what, let's put a strategy around this gift that God is giving us, do y'all know how much, oh man, I gotta go on, I gotta spend five to nine, but do y'all know how, how further we can go in life?
20:43
[SPEAKER_00]: Building credit the traditional way as slow and confusing.
20:47
[SPEAKER_00]: And most credit cards want you to rack up debt just to boost your score.
20:51
[SPEAKER_00]: You see, I used to think that you had to choose between staying debt free or having a good credit score.
20:57
[SPEAKER_00]: Bye, bye, bye.
20:59
[SPEAKER_00]: Here's what I've discovered.
21:00
[SPEAKER_00]: There's actually a way to build credit without any credit checks, without going into debt, and without paying crazy interest fees.
21:09
[SPEAKER_00]: And it works faster than I thought possible.
21:12
[SPEAKER_00]: If my friends at kickoff, they are the truth.
21:15
[SPEAKER_00]: They are doing something different.
21:17
[SPEAKER_00]: They help you build credit the right way without the debt track.
21:20
[SPEAKER_00]: I've seen people go from no credit to a seven hundred plus score using their system and they did it completely debt-free.
21:28
[SPEAKER_00]: It's a one more time, completely debt-free.
21:30
[SPEAKER_00]: Overall, hundred and fifty thousand people have left five star reviews on the app store.
21:35
[SPEAKER_00]: Users see an average of thirty-four points increase in their credit scores.
21:39
[SPEAKER_00]: Some even see watch this up to eighty-four points within the first twelve months.
21:43
[SPEAKER_00]: These aren't just numbers.
21:44
[SPEAKER_00]: These are real people getting approved for homes and getting better interest rates.
21:49
[SPEAKER_00]: Here's to sure every month you wait is another month of paying higher interest rates on everything.
21:55
[SPEAKER_00]: A good credit score can save you a lot of money.
21:58
[SPEAKER_00]: Thousands on a mortgage, hundreds of insurance and even help you skip the security deposits.
22:04
[SPEAKER_00]: Don't let bad credit cost you money.
22:07
[SPEAKER_00]: I want to visit anthonyo.com for Sasuke Golf right now to get started for his little ass one dollar on your first month.
22:14
[SPEAKER_00]: I want you to build credit that debt freeway because your future self will thank you.
22:21
[SPEAKER_00]: I don't even want to talk about my black sisters.
22:24
[UNKNOWN]: Whoop!
22:25
[SPEAKER_00]: God knew what he was doing when he made y'all.
22:28
[SPEAKER_00]: What y'all can do with hair, with nails, with clothes, with fashion, man.
22:32
[SPEAKER_00]: I was in the mall the other day.
22:35
[SPEAKER_00]: Not the malls in the airport, and just the strength of this sister.
22:41
[SPEAKER_00]: I said, I was, I was getting on the flight where her, I would help her.
22:44
[SPEAKER_00]: Man, she was pushing her baby in the car.
22:48
[SPEAKER_00]: She had a roller suitcase on her left hand.
22:51
[SPEAKER_00]: This she had another suitcase wrapped around her right hand, and on top of that other suitcase was her baby's back.
23:01
[SPEAKER_00]: While also pushing the car,
23:05
[SPEAKER_00]: and did head on a backpack.
23:11
[SPEAKER_00]: I looked at her.
23:12
[SPEAKER_00]: I didn't see one sign of a struggle.
23:15
[SPEAKER_00]: I said, this is creative.
23:19
[SPEAKER_00]: The strength of who we are is amazing.
23:23
[SPEAKER_00]: The creativity.
23:24
[SPEAKER_00]: What we can do with Lotto is amazing.
23:29
[SPEAKER_00]: All I'm saying is let's keep that.
23:32
[SPEAKER_00]: Let's keep that.
23:34
[SPEAKER_00]: But let's put a strategy around that so our young people can be good.
23:38
[SPEAKER_00]: So I was, I was on a cruise.
23:43
[SPEAKER_00]: I told you all that I was on the cruise.
23:45
[SPEAKER_00]: I was on a private yacht cruise.
23:47
[SPEAKER_00]: It only has throughout the entire yacht.
23:50
[SPEAKER_00]: I was only a hundred people on this entire yacht.
23:53
[SPEAKER_00]: Did that for my fortieth birthday.
23:57
[SPEAKER_00]: And I've been investing in two, five, twenty-nine's all the time.
24:00
[SPEAKER_00]: And I was, and I went inside the cigar room and I was a guy from my forty-a-th birthday.
24:05
[SPEAKER_00]: And the only black man in the room, the youngest one in the room, probably even a smoothest one in the room.
24:12
[SPEAKER_00]: But definitely watch this, the brokeest person in the room.
24:17
[SPEAKER_00]: I can't say names because I don't believe a name dropping, but I had an honor to sit down and have us a guard with a billionaire out of Saudi Arabia.
24:27
[SPEAKER_00]: I sat down with a guy whose father helped build Dubai.
24:34
[SPEAKER_00]: He didn't build it, but he helped build like the infrastructure and the things that's going on in Dubai right now.
24:40
[SPEAKER_00]: So he's not a multi-millionaire.
24:43
[SPEAKER_00]: He's a hundred millionaire if that's even a word.
24:46
[SPEAKER_00]: and sitting there talking and then about seven of the white guys from other states was talking and they started talking about just life and general and that's okay, okay.
24:58
[SPEAKER_00]: And so I asked them this one question.
25:00
[SPEAKER_00]: Is it manual?
25:01
[SPEAKER_00]: I'm here single, I don't have anybody.
25:03
[SPEAKER_00]: I said, man, what accounts?
25:05
[SPEAKER_00]: Like, what do you all invest in when it comes to your students?
25:09
[SPEAKER_00]: Well, one of the white guys spoke up and said, man, you know, all of my kids, I have one requirement for them.
25:13
[SPEAKER_00]: I said, okay, it taught to me.
25:14
[SPEAKER_00]: You gotta go to school.
25:15
[SPEAKER_00]: I said, really, he was like, yeah, he said, we're very big on education within our family.
25:21
[SPEAKER_00]: And I told my kids that I will pay for a hundred percent of them going to school all the way up and to their master's program.
25:28
[SPEAKER_00]: If they graduate and their master's program,
25:30
[SPEAKER_00]: Then I will pay for half of their What is the word?
25:35
[SPEAKER_00]: I forgot the word that they use for the doctor.
25:37
[SPEAKER_00]: It's also with I I'll remember it later because I'd be my her my president quote that to me But it's an I'll pay for half of their doctor degree if they graduate with a four point.
25:47
[SPEAKER_00]: Oh on their masters But I will pay for it all I said man.
25:50
[SPEAKER_00]: That's a lot of money.
25:52
[SPEAKER_00]: He said no not really he said man I I don't know's the use and they can't call five twenty nine
26:03
[SPEAKER_00]: And I said, really, he said, yeah, for sure, for sure.
26:06
[SPEAKER_00]: He said, in my state, I can write off, I forgot how much he could do it.
26:10
[SPEAKER_00]: He said, so not only am I selling into my kids' future, not only am I saving a lot of money, he was at, but really, because I started this account before they were even born, not before, but he said before.
26:24
[SPEAKER_00]: They even turned one.
26:25
[SPEAKER_00]: They opened the account when he got so scary number.
26:27
[SPEAKER_00]: He said, man, I would probably put in twenty percent watch this you all.
26:31
[SPEAKER_00]: I will put in twenty percent, but the eighty percent is coming from the power of compound interest.
26:37
[SPEAKER_00]: So I'm just I'm just just dumping money into that.
26:40
[SPEAKER_00]: And he looked at me, we had a good old conversation, and what I felt like he wanted to say that he did not say that probably was a wise thing for him to not say was Anthony White people, we don't only just spend all of our money, we do use the system.
26:59
[SPEAKER_00]: That's all I needed to hear.
27:01
[SPEAKER_00]: And I already have a five, twenty-nine open.
27:03
[SPEAKER_00]: I've been, I've been putting money to a five, twenty-nine account since my youngest Theo was born.
27:08
[SPEAKER_00]: My youngest nephew Theo was born, but just to really hear them say that, like yo, wait a minute.
27:15
[SPEAKER_00]: Y'all think that we're spending all this money?
27:16
[SPEAKER_00]: No, we just have a strategy.
27:19
[SPEAKER_00]: We've learned how to use all of the tools and the resources that the government is giving us and we are maximizing on it.
27:27
[SPEAKER_00]: And if you're new into the Black community,
27:30
[SPEAKER_00]: or just need a refresher, I want to break down the five, twenty-nine in a simple way because you need to be maximizing this opportunity.
27:41
[SPEAKER_00]: And even if you do not have a kid, be like me, go open up one and put it to your trust.
27:48
[SPEAKER_00]: The beneficiary of the five twenty nine goes to the trust.
27:52
[SPEAKER_00]: I have zero kids, but I have one five twenty nine that I maxed out every year because in the state of Maryland, I could put twenty five hundred dollars in here throughout the year and I could write off that twenty five hundred dollars.
28:02
[SPEAKER_00]: Now I could put more into the account, but I only can write off twenty five hundred dollars.
28:06
[SPEAKER_00]: Can you imagine?
28:09
[SPEAKER_00]: What happens?
28:10
[SPEAKER_00]: And I got to hurry up because we got to be done with this show here a little bit.
28:12
[SPEAKER_00]: Can you imagine what happens when my child turns eighteen?
28:16
[SPEAKER_00]: And I give them a check for a hundred and fifty thousand dollars, two hundred thousand dollars, probably even quarter million by the end, right in the next, because if I get married in the next year or two years, this is be real here.
28:26
[SPEAKER_00]: It's twenty twenty five.
28:27
[SPEAKER_00]: If I get married by twenty twenty seven, have a kid by twenty twenty eight.
28:32
[SPEAKER_00]: That means I would have had this five twenty nine for six years before they were even born.
28:36
[SPEAKER_00]: So it already has.
28:38
[SPEAKER_00]: About fifty thousand dollars inside of five twenty nine.
28:40
[SPEAKER_00]: Oh my gosh.
28:45
[SPEAKER_00]: Now when they get older, if I got kids, I'm putting more money into it.
28:50
[SPEAKER_00]: Oh, my God.
28:51
[SPEAKER_00]: You trying to tell me a quarter million dollars?
28:53
[SPEAKER_00]: Can you imagine what would happen?
28:58
[SPEAKER_00]: You see, you put your money into this specific account.
29:02
[SPEAKER_00]: It grows over time because it is invested.
29:05
[SPEAKER_00]: And when you use it for qualified educational costs, you don't pay federal taxes on the growth at all.
29:14
[SPEAKER_00]: That's it.
29:15
[SPEAKER_00]: It's super simple.
29:16
[SPEAKER_00]: I said, now let's talk about the Trump account.
29:22
[SPEAKER_00]: Let's talk about this.
29:27
[SPEAKER_00]: Here's what's new.
29:29
[SPEAKER_00]: And what's being called the Trump account.
29:32
[SPEAKER_00]: This is not the same as the five, twenty nine.
29:35
[SPEAKER_00]: This is different.
29:36
[SPEAKER_00]: It's a different savings vehicle for children.
29:40
[SPEAKER_00]: Starting in January of twenty twenty six, if your child is born.
29:45
[SPEAKER_00]: was born between January first twenty twenty five and December thirty first twenty twenty eight a government is going to automatically drop one thousand dollars into their account no income limits no strings attached just free money on top of that families can contribute up to five thousand six hundred dollars a year
30:09
[SPEAKER_00]: Employers can pitch another two thousand five hundred dollars.
30:13
[SPEAKER_00]: Now now a lot of you all who are thinking like me, okay, wait, wait, Anthony, how does this account work?
30:19
[SPEAKER_00]: What is it?
30:19
[SPEAKER_00]: Well, I did a research.
30:23
[SPEAKER_00]: The account works like a tax-sheltered IRA.
30:27
[SPEAKER_00]: tax deferred growth, and when your child turns eighteen, they follow traditional IRA with draw rules.
30:34
[SPEAKER_00]: All right, translation.
30:36
[SPEAKER_00]: Free seat money from day one, plus compounding growth on your birth.
30:45
[SPEAKER_00]: On your child's birth, that would say.
30:48
[SPEAKER_00]: Now, for me, five twin eyes have always been a favorite.
30:53
[SPEAKER_00]: for myself and even for the wealthy because they combine tax-free growth with tax-deferred benefits when used for education.
31:03
[SPEAKER_00]: But here's the big news that we really need to understand.
31:07
[SPEAKER_00]: While people may have their opinions about the beautiful bill,
31:12
[SPEAKER_00]: All right, this bill expanded the definition of education.
31:18
[SPEAKER_00]: We're not just talking about college anymore.
31:20
[SPEAKER_00]: Now you can use five, twenty-nine funds for watch this.
31:25
[SPEAKER_00]: This was huge.
31:26
[SPEAKER_00]: Trade and vocational programs like welding, HVAC, plumbing, cosmotology.
31:35
[SPEAKER_00]: So now if you put your money into that, because remember what I told you all, I believe, fifty percent of our students need to go to a four year university.
31:42
[SPEAKER_00]: Then I believe that the other fifty percent need to go to a trade school, tech school, you name it school that is not a four year required.
31:50
[SPEAKER_00]: Because here's a truth.
31:51
[SPEAKER_00]: With AI coming, I'm giving you something here with AI coming.
31:55
[SPEAKER_00]: AI can't fix your AC.
31:58
[SPEAKER_00]: No.
31:59
[SPEAKER_00]: With AI coming, it's going to take over
32:03
[SPEAKER_00]: I'll say about forty percent of the jobs, but AI can't fix your plumbing issue.
32:07
[SPEAKER_00]: It can't fix your water leak.
32:09
[SPEAKER_00]: AI can't do your hair.
32:11
[SPEAKER_00]: AI can't do your make-up ladies.
32:14
[SPEAKER_00]: So what we got to start doing is stepping back and looking at what are our kids passionate about, what are their gifts and skills and talents in, and what is the strategy and the system that we need to put around them to help them out.
32:28
[SPEAKER_00]: Until we start knowing what that is, let's start investing.
32:31
[SPEAKER_00]: Because continuing education for pros, like teachers, real estate agents, and nurses, we're gonna need more money.
32:41
[SPEAKER_00]: Licensing prep is another one for lawyers, accountants, and even exam prep materials.
32:46
[SPEAKER_00]: You can use the five to nine for all of this.
32:50
[SPEAKER_00]: That means whether your child gets a degree, learns a trade.
32:56
[SPEAKER_00]: are as a professional certificate.
32:58
[SPEAKER_00]: You can now use your five, twenty-nine funds, one hundred percent tax free.
33:03
[SPEAKER_00]: It's more options, it's more flexibility and more opportunities to build real world skills without any extra taxes.
33:16
[SPEAKER_00]: And I gotta go.
33:17
[SPEAKER_00]: We're way over our time.
33:18
[SPEAKER_00]: Way over our time.
33:20
[SPEAKER_00]: Trying to do good at keeping our shows at twenty five to thirty minutes, but I get so passionate about this and the preachers come out of me.
33:25
[SPEAKER_00]: And I'm sorry because I want to help y'all get into the black and out of the ramp.
33:30
[SPEAKER_00]: But I have to need why does this matter to me?
33:34
[SPEAKER_00]: She's a thousand dollars.
33:37
[SPEAKER_00]: One that mindset needs to change, because I'm telling you right now, if I got a kid before, twenty, twenty, eight, I'm taking out thousand dollars, I'm maximizing that opportunity.
33:45
[SPEAKER_00]: Know that thousand dollars, a game changer, a life changer, no, but a thousand dollars invested in invested right could add on a long-term perspective, it could add a lot of money to your portfolio that you already have.
33:58
[SPEAKER_00]: This is lower, better to entry.
34:02
[SPEAKER_00]: That one thousand dollars seed means you can start something.
34:08
[SPEAKER_00]: Like, while a lot of us are getting nothing, flexibility of it, your kid doesn't have to go to college to benefit.
34:18
[SPEAKER_00]: Tax free growth.
34:20
[SPEAKER_00]: Your money works harder and longer and this is why I'm so passionate about this message because I hear something that I just gotta say again, I'm speaking to my brothers and my sisters and to animal who this applies to, but I only can speak to the culture who I know.
34:34
[SPEAKER_00]: We work harder than our money.
34:36
[SPEAKER_00]: And we gotta start training ourselves and training our minds to position our money to eventually work harder than us.
34:48
[SPEAKER_00]: Has to.
34:50
[SPEAKER_00]: That is something that I've been sitting back in, like asking myself, man, you made all this money I was just talking to my accountant about last year's income, last year's income did drop a good amount because I've been back in school and I fell back on it, but still made millions and I'm like, man,
35:08
[SPEAKER_00]: And if I want to be a dean within the next three years and eventually a president before I turn fifty years old by the time I get into that field, I got to make sure my money is really working even harder because I'm going to lose out on money because I won't be as involved in certain areas that makes me a lot of money because I'm come over here because I want to make a impact.
35:29
[SPEAKER_00]: So I got to make sure my money is invested correctly.
35:33
[SPEAKER_00]: I gotta make sure that my kids and my children's children and my nephews and my niece are, I'm positioning them to when to where they would have to work hard, but watch this, not as hard.
35:42
[SPEAKER_00]: And I'm gonna end this so there.
35:43
[SPEAKER_00]: That's how I'm gonna end this so there today, because why is this message so important?
35:50
[SPEAKER_00]: Because we gotta get out of the gut diagonal mindset that our children gotta start where we started from and it need to work as hard as us.
35:58
[SPEAKER_00]: That is a trick from the enemy.
36:02
[SPEAKER_00]: God didn't come on this earth so we can fight like hell the way he was fighting for us.
36:09
[SPEAKER_00]: No, he came down to die for our sins and he came down to endure some of the pain that he just knew we can't handle.
36:18
[SPEAKER_00]: And now we wanna put our kids through some of the stuff that we could barely handle ain't no way in hell.
36:24
[SPEAKER_00]: That's gonna be Anthony O'Neill.
36:26
[SPEAKER_00]: I'm still with him, I like better.
36:28
[SPEAKER_00]: Do I want my kids who have to work?
36:30
[SPEAKER_00]: Yes.
36:31
[SPEAKER_00]: But what does work look like?
36:32
[SPEAKER_00]: Get your behind in that school and study that book.
36:35
[SPEAKER_00]: You know what?
36:35
[SPEAKER_00]: Put chat, cheap and tea up for a little bit and read every line, read every word.
36:41
[SPEAKER_00]: Grow this mind.
36:44
[SPEAKER_00]: And when you get the information, get out here.
36:46
[SPEAKER_00]: I put in, I put in a hundred and twenty.
36:48
[SPEAKER_00]: You may even put in ninety.
36:52
[SPEAKER_00]: Why?
36:53
[SPEAKER_00]: Because I position you.
36:55
[SPEAKER_00]: I worked hard and I passed on the information.
37:01
[SPEAKER_00]: I'm all a little bit placed at the end of this show.
37:02
[SPEAKER_00]: I'm just getting passionate about this message.
37:04
[SPEAKER_00]: You don't want to think I'm doing right now.
37:05
[SPEAKER_00]: I created a journal.
37:07
[SPEAKER_00]: I created a journal, and for all the stupid decisions I made with my money, all the stupid decisions I made when it came to dating, all the stupid decisions when it came to my health.
37:18
[SPEAKER_00]: I'm writing a journal, I'm putting it inside of a folder to where when I dive, my kids and my nephews and my niece can have it.
37:29
[SPEAKER_00]: You know what inspired that?
37:30
[SPEAKER_00]: My president.
37:32
[SPEAKER_00]: Dr. Lucas, over there at Virginia University, who literally is the man who's helping me become the educational man who I am today.
37:41
[SPEAKER_00]: This man every single Friday goes into a studio and it recores what he learned from this week so that when he's no longer the president of Virginia University, the new president can come in.
37:56
[SPEAKER_00]: watch these videos over the last years.
38:00
[SPEAKER_00]: And now he can make better decisions because the last president documented his journey.
38:05
[SPEAKER_00]: So now the new president doesn't have to work as hard because the old president gave him all the tools and all the resources to win.
38:14
[SPEAKER_00]: What are we doing to set our future generation?
38:19
[SPEAKER_00]: My advice.
38:21
[SPEAKER_00]: Don't wait.
38:23
[SPEAKER_00]: Whether it's a five, twenty-nine, a Trump account, or both.
38:27
[SPEAKER_00]: The earlier you can start, the more you will win.
38:33
[SPEAKER_00]: Let me stop preaching, let me stop yelling at you.
38:37
[SPEAKER_00]: And let me give you some action steps to do.
38:41
[SPEAKER_00]: I need you to check your eligibility for the Trump account.
38:44
[SPEAKER_00]: If your kids were born June January first of twenty twenty five to December thirty first of twenty twenty eight and right now the time is reported so we're just talking about where we're only twenty twenty five.
38:54
[SPEAKER_00]: So we had a kid born this year and moving forward up until twenty twenty eight.
38:58
[SPEAKER_00]: I think your kids are eligible.
39:01
[SPEAKER_00]: Compare five, twenty nine plans, use tools like saving for collars.com, c fees, flexibility and tax benefits.
39:08
[SPEAKER_00]: As a matter of fact, I think I have some dope resources.
39:11
[SPEAKER_00]: We're going to put them in the show notes below for you to go there and open up accounts, five, twenty nine accounts, et cetera, et cetera.
39:18
[SPEAKER_00]: Listen, maximize the contributions up to five k per year grows tax free.
39:24
[SPEAKER_00]: and invest aggressively early.
39:27
[SPEAKER_00]: Your child's age told you room to grow.
39:30
[SPEAKER_00]: If you had a child born this year, man, go open up and account this year.
39:36
[SPEAKER_00]: And watch your money grow.
39:37
[SPEAKER_00]: And watch this.
39:38
[SPEAKER_00]: If it cost your kids a hundred thousand dollars to go to school, you only paid twenty five thousand.
39:46
[SPEAKER_00]: problem is we're not aware of this stuff.
39:49
[SPEAKER_00]: And we miss out on it.
39:50
[SPEAKER_00]: And what happens is now we're stressed.
39:53
[SPEAKER_00]: We're taking our parent plus loans.
39:54
[SPEAKER_00]: We're taking our student loans.
39:56
[SPEAKER_00]: We're borrowing money.
39:58
[SPEAKER_00]: We're pulling money from over here to pay for a hundred percent of it to where we just would have gathered this information now.
40:04
[SPEAKER_00]: and instead of going to Starbucks every day, instead of going out to eat every single day, we're going to pause and kind of pivot and switch because the strategy says, if I can just put a hundred dollars, two hundred dollars a month inside of this five, twenty nine, I'm in a position to where my kids can go to school.
40:22
[SPEAKER_00]: Okay, Anthony, what if my kids go to a trade school and they don't use a hundred thousand dollars?
40:27
[SPEAKER_00]: That's fine.
40:27
[SPEAKER_00]: take whatever they need to go to that trade school, and then whatever's left over, you roll that into an IRA, a Roth IRA, now you're setting them up for retirement to where when they turned five six years old, they got five ten million dollars in the count.
40:44
[SPEAKER_00]: Listen, this, this is not about Donald Trump.
40:50
[SPEAKER_00]: This is not about who's in the office because there hasn't been one president.
40:55
[SPEAKER_00]: One White House staff, one White House committee, Congress that I have one hundred percent heck that I've even seventy five percent believed in.
41:12
[SPEAKER_00]: When I'm learning is no matter who's in office, I study.
41:16
[SPEAKER_00]: And I rock with what rocks with me.
41:19
[SPEAKER_00]: And if I don't align with what that president is saying, I just say, all right, Beth, cool, great.
41:24
[SPEAKER_00]: That's how to do it, eh, for me.
41:26
[SPEAKER_00]: I ain't rockin' with that.
41:28
[SPEAKER_00]: I've never publicly went after any president.
41:30
[SPEAKER_00]: I've never even publicly endorsed a president.
41:34
[SPEAKER_00]: Because I believe your political views are your political views.
41:37
[SPEAKER_00]: I don't care if you were Republican.
41:38
[SPEAKER_00]: I don't care if you are American.
41:40
[SPEAKER_00]: I don't care if you're a Barack Obama.
41:42
[SPEAKER_00]: I don't care if you're a Clinton.
41:44
[SPEAKER_00]: I don't care if you're a Hillary.
41:45
[SPEAKER_00]: I don't care if you're a Obama Harris.
41:47
[SPEAKER_00]: I just care, do you love God?
41:49
[SPEAKER_00]: How can we make this money together?
41:52
[SPEAKER_00]: You got the right to think the way you want to think.
41:56
[SPEAKER_00]: Because what I've learned is, well, the people don't really wait for the feelings to match the market.
42:01
[SPEAKER_00]: They move when opportunity knocks.
42:05
[SPEAKER_00]: This is a real chance to set your child up for a better future.
42:09
[SPEAKER_00]: You've got free seat money, you've got tax-free growth, you've got flexibility for college, trays, and or a professional paths.
42:18
[SPEAKER_00]: Don't sleep on this, you guys.
42:21
[SPEAKER_00]: If you've got children or planned to like me one day, start right now.
42:25
[SPEAKER_00]: Because the earlier you plan, the bigger the harvest will be.
42:28
[SPEAKER_00]: All right, Shabbat.
42:29
[SPEAKER_00]: Yo, sorry for going along with unexpected, sorry for my passion.
42:32
[SPEAKER_00]: I should not, sorry, but sorry.
42:36
[SPEAKER_00]: But I'll see you in the next one.
42:37
[UNKNOWN]: Peace out.