Latest / The Table with Anthony ONeal / My 5-Step Escape Plan to Stop Living Paycheck to Paycheck and Get Out of Debt in 18-24 Months

Transcript

My 5-Step Escape Plan to Stop Living Paycheck to Paycheck and Get Out of Debt in 18-24 Months · The Table with Anthony ONeal

0:00
[SPEAKER_00]: Every time I turn on TikTok or Instagram, I'm a little upset.
0:05
[SPEAKER_00]: I debated doing today's episode about this because I am what you call it, quote, unquote, influencer.
0:12
[SPEAKER_00]: But one of the main reasons why I went back to school is because I went and made sure that I have my credentials and education in place.
0:21
[SPEAKER_00]: As you all know, I have my bachelor's in finance and accounting, my MBA, my master's in finance and church management and I'm getting my DBA with the emphasis on finance and investing at one of the greatest schools in the world region university.
0:36
[SPEAKER_00]: I did that because I do not want to be an influencer.
0:39
[SPEAKER_00]: I did that because every time I turn on TikTok, everyone's talking about how to make $100,000 a day, $0,000 a year, and we're selling this lifestyle that I believe is not really real.
0:51
[SPEAKER_00]: I know it.
0:55
[SPEAKER_00]: I would never use my platform to attack anybody.
0:58
[SPEAKER_00]: That's not when I built this for I built this to help my people get to find antifredum.
1:03
[SPEAKER_00]: But one thing I have learned is that, while I will not attack people, I do need to attack certain messages that are out there.
1:12
[SPEAKER_00]: Because at the end of the day, they're still my brothers and sisters in Christ, and I love all my people.
1:17
[SPEAKER_00]: But y'all here, I wanna make sure that you're getting a truth here.
1:20
[SPEAKER_00]: I'm gonna make sure that you're seeing wealth, but also you're learning to practice those side of things.
1:24
[SPEAKER_00]: So today, I'm gonna do something different.
1:26
[SPEAKER_00]: I have PowerPoints.
1:27
[SPEAKER_00]: We've never done this before, but I wanna turn them off Professorhead.
1:32
[SPEAKER_00]: Because you know, I'm a professor at Virginia Union University where I teach consumer economics.
1:36
[SPEAKER_00]: And I've been traveling around teaching some stuff from a practical standpoint.
1:39
[SPEAKER_00]: And I thought I'll bring a classroom to you all on today.
1:42
[SPEAKER_00]: So today, I need you to bear with me if you're listening to this on podcast on audio form only.
1:48
[SPEAKER_00]: But I want to highly encourage you to come over so you can see the PowerPoints that's going to come up.
1:52
[SPEAKER_00]: If it looks a little funky today, hey, I apologize to you, but I really want to go to it.
1:57
[SPEAKER_00]: I want to start off
1:59
[SPEAKER_00]: our conversation today with real numbers.
2:01
[SPEAKER_00]: And they're going to come up on the screen.
2:03
[SPEAKER_00]: Real numbers, this is actually what's happening in America today.
2:08
[SPEAKER_00]: And I really talk about this inside of my brand new book, Stop Live in Pitch at the Patriot that is now out at your local bookstores and especially on Amazon, you can go to anthonyl.com for slash book.
2:18
[SPEAKER_00]: If you really want to change your financial situation within the next 12 to 18 to max 24 months,
2:25
[SPEAKER_00]: But here are the real numbers, right?
2:26
[SPEAKER_00]: These are not just Anthony O'Neill numbers.
2:28
[SPEAKER_00]: These are actually
2:31
[SPEAKER_00]: numbers that come from CNBC, survey monkey quarterly money survey that they did back in July of this year, 2026.
2:38
[SPEAKER_00]: The big one I want you to see right now is 63% of Americans are living paycheck to paycheck, 41% of them earned between 100 to 250,000 dollars a year.
2:49
[SPEAKER_00]: The number is not on here, but nearly 48% of people who make above 250,000 dollars are still living
2:59
[SPEAKER_00]: What are these real numbers showing us?
3:01
[SPEAKER_00]: It's showing us that the majority of people who are online talking about, I made a million dollars, we got it go deeper.
3:08
[SPEAKER_00]: You made a million dollars, what was your expenses?
3:12
[SPEAKER_00]: You made a million dollars, what was your margin?
3:16
[SPEAKER_00]: What did you ask to get to keep of that?
3:20
[SPEAKER_00]: A lot of people don't want to do that.
3:23
[SPEAKER_00]: This is why I tell everybody, like you're listening, I'm just now getting to the point to where my margin of year is a million.
3:31
[SPEAKER_00]: But just because when I'm made a million dollars, doesn't mean that I kept a million.
3:39
[SPEAKER_00]: CC1% of individuals have the lady life milestone.
3:43
[SPEAKER_00]: 32% of them put off retirement while watch this.
3:45
[SPEAKER_00]: 22% of them put all buying a home.
3:52
[SPEAKER_00]: And if you look at the big set at the bottom, $2200 is the median and the bank for black households versus $10,000 for our white friends.
4:04
[SPEAKER_00]: Can I be a real with you?
4:06
[SPEAKER_00]: And you can come back to me.
4:11
[SPEAKER_00]: $10,000 is not even a lot of money.
4:14
[SPEAKER_00]: Watch this.
4:15
[SPEAKER_00]: That was $2,200.
4:18
[SPEAKER_00]: and 10,000 dollars in the bank account, not in their savings, not in their margin, not in their investment, that's their total.
4:27
[SPEAKER_00]: They are one financial disaster away from a huge situation happening in their lives.
4:36
[SPEAKER_00]: This is what I've learned, and we gonna keep the slides up for a little bit.
4:39
[SPEAKER_00]: We've become experts at making money, but watch this, we've become amateurs at keeping it.
4:46
[SPEAKER_00]: I said it, we've become experts at making money.
4:50
[SPEAKER_00]: We know how to get up every single day and go to work and bust our butts, but we've become amateurs at keeping it.
4:58
[SPEAKER_00]: We don't know how to have margin.
5:00
[SPEAKER_00]: We don't know how do we live below our means.
5:03
[SPEAKER_00]: And I want to break down how do we get there, but I want to start a conversation off by introducing you all to one hour,
5:12
[SPEAKER_00]: Community members markets.
5:13
[SPEAKER_00]: Now, this is not markets because he asked me not to share his picture, but he did say I can share his numbers.
5:20
[SPEAKER_00]: He's 34 years old, where he was 34 years old, when he first started working with me, a professional, even has a side hustle, and he wants to really invest.
5:29
[SPEAKER_00]: But I want you to look at the math here.
5:31
[SPEAKER_00]: He has $6,000 in monthly take home pay.
5:35
[SPEAKER_00]: $6,400 is what he's spending every single month.
5:38
[SPEAKER_00]: He has only $1200 in savings.
5:42
[SPEAKER_00]: But he also has $8,000 credit card debt, $8,000 and $18,000 in the car loan, $22,000 in student loans.
5:48
[SPEAKER_00]: What do you see here that is wrong?
5:51
[SPEAKER_00]: What does his margin say?
5:52
[SPEAKER_00]: His margin says he has a negative of $400.
5:58
[SPEAKER_00]: Now, let's be real.
5:59
[SPEAKER_00]: Marcus earns good.
6:02
[SPEAKER_00]: He earns good money.
6:03
[SPEAKER_00]: He's good money.
6:05
[SPEAKER_00]: But every single month, he is falling behind.
6:07
[SPEAKER_00]: Because if he falls behind negative $400 this month, next month, instead of timber, he will end uptober, he's gonna be negative.
6:14
[SPEAKER_00]: So it adds on to that.
6:16
[SPEAKER_00]: Then the fall of month, he's gonna add on to it.
6:18
[SPEAKER_00]: So when I sit down with him, I realize that Mark is one to real estate.
6:24
[SPEAKER_00]: He wanted to become a business owner.
6:26
[SPEAKER_00]: He wanted to invest more.
6:28
[SPEAKER_00]: He wanted to have flexibility and legacy.
6:30
[SPEAKER_00]: But when I sit down and I said, bro,
6:33
[SPEAKER_00]: That's what you want, but this is what you have.
6:37
[SPEAKER_00]: You have negative casserole.
6:38
[SPEAKER_00]: You're drowning in consumer debt.
6:41
[SPEAKER_00]: You have no savings.
6:43
[SPEAKER_00]: You have completely no margin, and you have no written sequence.
6:49
[SPEAKER_00]: And one of the things I'll talk about with my books, stop living paycheck to paycheck, that the right financial move, during the wrong time, can still hurt you.
7:00
[SPEAKER_00]: He was a man, I went to invest in, I'm going to invest in the crypto, I'm going to invest in the Bitcoin.
7:04
[SPEAKER_00]: I'm going to buy this ETF and this invest fund, I said, bro, the right financial move doing the wrong phase of your life can hurt you when you're future.
7:17
[SPEAKER_00]: And I told him I said, bro,
7:19
[SPEAKER_00]: I need you to work my escape plan.
7:21
[SPEAKER_00]: Before I even wrote the book, I've been practicing and teaching this, this method, this, this ideology, to people with their mind community, and I'm gonna break down what's inside of my book that will help you tremendously change your financial situation within a max 18 to 24 months.
7:37
[SPEAKER_00]: Well, Mark is, when he went through this, this is one of our case studies, he got, well, and that's bad grammar.
7:44
[SPEAKER_00]: He changed his entire financial situation within a matter of 15 and a half months.
7:50
[SPEAKER_00]: And I'm gonna break it down for you.
7:52
[SPEAKER_00]: Here's exactly what's inside my book this gate plan.
7:56
[SPEAKER_00]: This is the right order to build financial freedom.
8:00
[SPEAKER_00]: As you can see here there's five main things.
8:02
[SPEAKER_00]: Control your cash flow, eliminate your consumer debt, build your safety net, build real wealth, and build legacy.
8:09
[SPEAKER_00]: As you can see there's a real nice beautiful home in, and the reason why I decided to put a beautiful home there is because I really want you to picture this as you're building a home for your last name.
8:21
[SPEAKER_00]: You all are used to me wearing my A, but I realized that my last name is the business, O'Neill.
8:30
[SPEAKER_00]: Anthony is not gonna be passed down, but O'Neil will be passed down through my sons.
8:35
[SPEAKER_00]: Whenever I'm blessed to have one, the O'Neil is a business, the O'Neil is a home that is going to be in pack with regenerations to come.
8:44
[SPEAKER_00]: And I wanna make sure that from a metaphor of a home that I'm building a beautiful home that my family, the O'Neil family can live in when it comes to our finances.
9:00
[SPEAKER_00]: Phase two is reinforcing the structure that we built the foundation on.
9:04
[SPEAKER_00]: Phase three is protecting what we're building and having stability phase four is about how do we grow this thing and have ownership and if phase five is generational well.
9:16
[SPEAKER_00]: But the key thing here is you do not have to do everything today.
9:20
[SPEAKER_00]: You just gotta get to the next move.
9:23
[SPEAKER_00]: This is different for you all.
9:24
[SPEAKER_00]: I need you to dial in.
9:26
[SPEAKER_00]: I need you to listen to me correctly.
9:29
[SPEAKER_00]: And you know what?
9:30
[SPEAKER_00]: I'm going to figure out how we can get you these PowerPoint slides.
9:33
[SPEAKER_00]: So you all can have them for yourself, all right?
9:36
[SPEAKER_00]: But I'm going to go over to phase one.
9:38
[SPEAKER_00]: Phase one is on my book.
9:40
[SPEAKER_00]: I really teach you how to control your cash flow.
9:43
[SPEAKER_00]: Now I want you to keep in mind that this is going to be very quick.
9:47
[SPEAKER_00]: And my book stopped living page at a paycheck.
9:49
[SPEAKER_00]: I literally spin before you invest a single dollar.
9:53
[SPEAKER_00]: Build a business or chase any gold.
9:55
[SPEAKER_00]: There's one thing that has to be true first.
9:57
[SPEAKER_00]: You have to be consumer debt free.
10:01
[SPEAKER_00]: Most people try to build wealth before they even know where their money is actually going.
10:06
[SPEAKER_00]: They have no budget, they have no plan, aka they have no strategy.
10:09
[SPEAKER_00]: Just consumer debt, paling up in the background while life keeps moving forward.
10:15
[SPEAKER_00]: That's why I built in the black.
10:17
[SPEAKER_00]: The app that gives you a daily money coach and your pocket.
10:21
[SPEAKER_00]: It walks you through my five-phase escape plan.
10:24
[SPEAKER_00]: Heels you a zero-based budget and tells you exactly.
10:27
[SPEAKER_00]: Watch this exactly what to do with your money, every single day.
10:32
[SPEAKER_00]: Not every month, not every week, but every single day when you wake up.
10:35
[SPEAKER_00]: You see, this isn't just theory.
10:37
[SPEAKER_00]: It's the same process that has helped over 100,000 families get out of debt.
10:41
[SPEAKER_00]: Real people like yourself are paying off thousands of dollars using this app.
10:46
[SPEAKER_00]: One got it, step at a time.
10:49
[SPEAKER_00]: All you guys do is go to anthonyoneau.com 4-app right now.
10:52
[SPEAKER_00]: Take the two-minute quiz and please be honest and get your personalized plan.
10:57
[SPEAKER_00]: Fix your foundation first.
10:58
[SPEAKER_00]: Then go build whatever's next.
11:00
[SPEAKER_00]: Go to anthonyoneau.com 4-app and let's get back to today's show.
11:09
[SPEAKER_00]: Maybe two or three chapters on each phase.
11:13
[SPEAKER_00]: Maybe four.
11:16
[SPEAKER_00]: But you can't skip over this stuff.
11:19
[SPEAKER_00]: As you face one, it's cash flow.
11:22
[SPEAKER_00]: Income, minus spending equals margin.
11:26
[SPEAKER_00]: So we're gonna use markets throughout the rest of these slides.
11:29
[SPEAKER_00]: So, markets has $6,000, but it has $6,400 and expenses.
11:35
[SPEAKER_00]: Minus that, he has $400.
11:38
[SPEAKER_00]: So I went through his budget and I said,
11:44
[SPEAKER_00]: We took out subscriptions.
11:46
[SPEAKER_00]: You see there we saved $100.
11:48
[SPEAKER_00]: We reduced eating out.
11:50
[SPEAKER_00]: He was spending about $250 a month on eating out.
11:53
[SPEAKER_00]: Well, after he was spending a little bit more, but we reduced that down to a, we took away $250.
11:58
[SPEAKER_00]: We put back $250 in his budget.
12:01
[SPEAKER_00]: We renegotiated his phone and insurance.
12:03
[SPEAKER_00]: He was paying close to about 140 a month on his cell phone.
12:08
[SPEAKER_00]: He went to Mint Mobile.
12:09
[SPEAKER_00]: Mint.
12:10
[SPEAKER_00]: Mobile, and he's only paying $40 a month.
12:14
[SPEAKER_00]: Matt Mobile's using the same cell phone towers as he's a big name brand.
12:18
[SPEAKER_00]: He goes out of the country.
12:19
[SPEAKER_00]: He spends an extra $10 just to go out to the country to get his unlimited data.
12:27
[SPEAKER_00]: Some of you all need to go over to Matt Mobile.
12:30
[SPEAKER_00]: Uh, he reduces miscellaneous spending.
12:32
[SPEAKER_00]: He has some extra stuff in there that he was spending money on and then he added temporary income of about $300.
12:38
[SPEAKER_00]: His total improvement was $1,000.
12:40
[SPEAKER_00]: Now, let's go back over to the map after he had $6,000, right?
12:47
[SPEAKER_00]: Coming in, now he only has $5,400 with mandatory expenses, which means now he has a margin of $600.
12:55
[SPEAKER_00]: Wait a minute, Anthony.
13:00
[SPEAKER_00]: Wouldn't that be more?
13:01
[SPEAKER_00]: Well, no, don't forget.
13:03
[SPEAKER_00]: He was already negative $400.
13:07
[SPEAKER_00]: So if you're negative $400, take a thousand off, that's $600.
13:11
[SPEAKER_00]: Here's the truth.
13:12
[SPEAKER_00]: We cannot build wealth if we do not have any kind of margin.
13:18
[SPEAKER_00]: So within the next seven days, this why need you to do?
13:20
[SPEAKER_00]: I need you download the last 90 days of your bank and credit card statements.
13:26
[SPEAKER_00]: Number two, I need you to total up every dollar that comes in.
13:29
[SPEAKER_00]: I need you to list every single thing.
13:34
[SPEAKER_00]: Then number three, I need you to categorize every dollar that went out.
13:38
[SPEAKER_00]: Then number four, I need you to calculate your true monthly margin.
13:43
[SPEAKER_00]: Take a screenshot of this.
13:45
[SPEAKER_00]: I need you to do this within the next seven days.
13:50
[SPEAKER_00]: Today's episode is a little different, but I really wanted to just turn on my teaching head and give you the proper information that you need.
13:57
[SPEAKER_00]: Here's phase two.
13:59
[SPEAKER_00]: You all know this.
13:59
[SPEAKER_00]: You got to eliminate your consumer debt.
14:01
[SPEAKER_00]: I'm not gonna spend too much time in this because I talk about this very heavy in my book and this is why I built my whole platform one and which is using a desk no ball.
14:10
[SPEAKER_00]: You're going to line up all your debt from smallest balance, all the way up to the larger.
14:14
[SPEAKER_00]: So you can see there, medical bill at $900 all the way down to a student loans at $22,000.
14:20
[SPEAKER_00]: Now, we're going to give you a good clean example of this.
14:24
[SPEAKER_00]: Now, his minimum payment on his medical bill was $50 a month, but don't forget, we found $600 in margin.
14:31
[SPEAKER_00]: right?
14:32
[SPEAKER_00]: So now what we're going to do for the debt snowball to get out of that quickly, we're going to take that $600, put it on that $600, put it on top of the $50 of the minimum payment.
14:42
[SPEAKER_00]: Now he's paying $650 towards the medical bill of $900.
14:46
[SPEAKER_00]: Once he does that, listen, we're going to the next one.
14:53
[SPEAKER_00]: Now, I'm going to take the $600 extra in his margin.
14:55
[SPEAKER_00]: We're going to take the $50 that he just freed up from his medical bill, put that on top of his credit card number one, which is $100.
15:02
[SPEAKER_00]: Now he's paying $750 a month to the $3,400 credit card one balance.
15:09
[SPEAKER_00]: He's still making a minimum payments on everything else, but now he's taking that extra margin in the extra room and he's putting that onto the next one.
15:17
[SPEAKER_00]: That's what we call the get snowball method.
15:22
[SPEAKER_00]: watch this.
15:24
[SPEAKER_00]: Now we got $750 free.
15:29
[SPEAKER_00]: Now credit card 2 requires $140 a month.
15:33
[SPEAKER_00]: Now we're paying $809 a month on a $46 $100 balance.
15:39
[SPEAKER_00]: The RC was happening here where we're gaining momentum, we're getting out quicker.
15:44
[SPEAKER_00]: Here's the truth, the payment doesn't disappear when the debt disappears.
15:49
[SPEAKER_00]: What does it do?
15:49
[SPEAKER_00]: It just gets promoted to the next one until you are consumer debt free.
15:57
[SPEAKER_00]: Now, almost six, some screenshots of this, or say this, but these are the things that you need to do when it gets to getting out of that.
16:03
[SPEAKER_00]: You need to cut some things, sell some things, earn some more money.
16:07
[SPEAKER_00]: A knockout's been too much time on that, but you got to be so focused for a season, not forever, but for a season that you can change your life.
16:17
[SPEAKER_00]: Aren't you sick and tired of waking up on the first of the month waiting for that, waiting for that shut to come, just to go pay someone else,
16:24
[SPEAKER_00]: And then by the sixth of the month, you're already broke.
16:27
[SPEAKER_00]: Or just take a time to get your paycheck on Friday.
16:30
[SPEAKER_00]: And then by the next Friday, you're already broke and you're trying to scramble to the next Friday until you get paid.
16:37
[SPEAKER_00]: The only way you're going to change your financial situation is if you change the decisions that you're making today about your finances.
16:45
[SPEAKER_00]: You may have to cut some things out for a season.
16:47
[SPEAKER_00]: You may have to sell some of your purse's ladies.
16:50
[SPEAKER_00]: Sell some of your shoes, brothers, for a season.
16:53
[SPEAKER_00]: You may need to go out there and drive for Uber and drive for DoorDash or get a side gig for a season until you can change the rest of your season forever.
17:04
[SPEAKER_00]: This is important, extremely important.
17:11
[SPEAKER_00]: Here, phrase three, here is phase three.
17:18
[SPEAKER_00]: You got to build your safety net.
17:21
[SPEAKER_00]: Remember, that your starter buffer is one month.
17:27
[SPEAKER_00]: One month that you take home pay, period, period.
17:33
[SPEAKER_00]: One month, mark is made $6,000.
17:36
[SPEAKER_00]: We put away $6,000 inside of behind your savings account.
17:40
[SPEAKER_00]: If you're looking for a real good savings account, go to anthonyl.com for staff savings.
17:44
[SPEAKER_00]: I put the top like three or four on there for this week I believe because I'm always removing some things when the rate drops are only what you want to get the best.
17:55
[SPEAKER_00]: But now a full emergency fund at $6,000 will be $18,000 at $36,000.
18:01
[SPEAKER_00]: I told him, I told him, hey, bro, bare minimum, 18,000, but if you really want to have that security, go ahead and put $36,000 in there.
18:08
[SPEAKER_00]: He's there today.
18:10
[SPEAKER_00]: He's consumer debt free.
18:11
[SPEAKER_00]: He has $36,000 sitting inside of his account.
18:15
[SPEAKER_00]: I told him, bro, don't worry about anything I was going inside your Hollywood savings account, but because I need you to go with a phase four, that's where we start to build wealth.
18:25
[SPEAKER_00]: I want to pause right there.
18:31
[SPEAKER_00]: and come back to me so they can see me on the screen.
18:35
[SPEAKER_00]: Phase one, phase two and phase three are done in that order.
18:40
[SPEAKER_00]: Oftentimes, everybody wants to be in phase four, where they're making more money.
18:46
[SPEAKER_00]: But here's what I learned.
18:47
[SPEAKER_00]: And I think this is why I'm probably not the sexiest or the most attractive financial guy out there in the internet.
18:55
[SPEAKER_00]: I'm not going to teach you how to make a million dollars when you're $30,000 in debt.
19:01
[SPEAKER_00]: I'm not going to tell you to go buy a G wagons so you can write it up a hundred percent when your company only makes $100,000 a year.
19:11
[SPEAKER_00]: I'm not going to teach you to go fly on a private jet.
19:13
[SPEAKER_00]: You're not going to see pictures of me on a fly on a private jet and join my mastermind and I can get you there.
19:19
[SPEAKER_00]: No, no.
19:21
[SPEAKER_00]: I'm going to teach you the foundations.
19:23
[SPEAKER_00]: I'm going to teach you how to get their freedom, which it may be a little longer to get there.
19:29
[SPEAKER_00]: and it may not be the most of the try that thing and honestly it may be boring.
19:34
[SPEAKER_00]: But the truth of the fact is I don't know about you all.
19:40
[SPEAKER_00]: I actually prefer the smoker than actually the oven.
19:48
[SPEAKER_00]: Now, let's say that again.
19:52
[SPEAKER_00]: I prefer putting my meat inside the smoker and putting it inside the microwave.
20:00
[SPEAKER_00]: Yeah, the microwave, it could be done in 15 minutes, but it's gonna taste like it was done in 15 minutes.
20:07
[SPEAKER_00]: But when you put inside that smokeer and let it cook for two hours,
20:12
[SPEAKER_00]: The juice is still there, the flavor is still there.
20:15
[SPEAKER_00]: It looks good when it's pulled out.
20:19
[SPEAKER_00]: So for me, I want to teach you all, yes, this may not be the quickest path to get there, but I promise you when you get there, you will stay there.
20:32
[SPEAKER_00]: You will stay there.
20:42
[SPEAKER_00]: Listen, face-forers where we build wealth, and inside of my new book, stop living in paycheck to paycheck, a lot of you all, for an example, have a four-long cash job.
20:57
[SPEAKER_00]: But unfortunately, a lot of you don't know what to do with that four-long K.
21:02
[SPEAKER_00]: So on the side of my book, stop living in page at the page, I care and face for, but some of you are honestly need to skip to that now because I do believe, while you're getting out of consumer debt, if your company is providing a 401k match that you should be investing up to that match.
21:17
[SPEAKER_00]: So if they're matching 3%, you should be investing up to 3% so you can get that free money.
21:25
[SPEAKER_00]: But you don't just put 3% in and leave it.
21:29
[SPEAKER_00]: You need to go inside of the 401k portal and tell your money how you want it invested.
21:35
[SPEAKER_00]: I don't have enough time to go through it on today's episode, but go get the book because I literally walk you through, hey, here are the different levels of investing, go inside your portal and do this.
21:49
[SPEAKER_00]: face four, you've already eliminated consumer debt, you already have a fully funny emergency fund and you should be investing 12 to 15% of your money consistently on top of the 10% of time in generosity.
22:05
[SPEAKER_00]: Now, face four is also about expanding into businesses real estate and additional assets.
22:16
[SPEAKER_00]: This is why I said a lot of people in the jump to this one, because it's like, oh my god, it seems attractive.
22:20
[SPEAKER_00]: I'm a business owner.
22:21
[SPEAKER_00]: I'm an entrepreneur, and I'm buying this.
22:24
[SPEAKER_00]: But yeah, it's not attractive.
22:25
[SPEAKER_00]: If you have this money being made for you, but you really don't see it growing any evolving because your debt is eating it all up.
22:36
[SPEAKER_00]: This is why I phase one through three is so important.
22:40
[SPEAKER_00]: This is why you gotta get the play in the manuscript
22:48
[SPEAKER_00]: have to commit to me it, I've never seen a basketball team, I've never seen a football team, I've never seen a business succeed when championships and make it to millionaire status without a plan in place.
23:13
[SPEAKER_00]: The reason why I believe a lot of people are struggling financially is because we're just guessing and just hoping with our finances, but we don't have a plan and or a strategy.
23:23
[SPEAKER_00]: On the next episode or probably with the next few episodes, I'm going to teach you how to have a vision for your money and what does that look like.
23:30
[SPEAKER_00]: I'm going to really start bringing some a lot more educational content.
23:36
[SPEAKER_00]: Let me know if you all like these PowerPoints,
23:45
[SPEAKER_00]: But if you don't have a plan, if you don't have a strategy that you're following, you will never get to financial success.
23:53
[SPEAKER_00]: One of the episodes I'm gonna do here, I'm gonna break down, plan first, habits next, goes next, hit the vision.
24:02
[SPEAKER_00]: I'm really break down what does that look like when it comes to our finances?
24:07
[SPEAKER_00]: because I believe my community, you are looking for the step by step plan, you are looking for what does the average person need to do, and I'm done, and I'm sick and tired of logging online, and I'm seeing all these hype stuff, there's a bunch of fluff stuff, there's a bunch of crap stuff, and I'm like, yo, I cannot fall into that, and I can't let my community fall into it.
24:33
[SPEAKER_00]: Just talk about phase five.
24:36
[SPEAKER_00]: Here's what that's face.
24:39
[SPEAKER_00]: Build legacy.
24:42
[SPEAKER_00]: I know some of you are watching me right now.
24:44
[SPEAKER_00]: You don't have children.
24:46
[SPEAKER_00]: I don't have children.
24:48
[SPEAKER_00]: But I'm still working on building a legacy.
24:52
[SPEAKER_00]: Because one thing is true.
24:54
[SPEAKER_00]: If you have children, you're choosing going to inherit your habits before they inherit your assets.
25:02
[SPEAKER_00]: So if you're not developing good, healthy habits, you're never going to really pass down in anything healthy to your children.
25:12
[SPEAKER_00]: I'm gonna do episodes on all of this in phase four.
25:15
[SPEAKER_00]: What is exactly a will and a trust?
25:17
[SPEAKER_00]: I'm gonna bring all my trust attorney.
25:19
[SPEAKER_00]: Turn life insurance.
25:20
[SPEAKER_00]: A lot of you all have seen my ad with ethos on IUS and IUS.
25:25
[SPEAKER_00]: Yes, I'm started all my day Ramsey fans who keep attacking me and saying, Oh my God, Dave Ramsey would never talk this.
25:31
[SPEAKER_00]: I'm not with the guy having been with the guy for almost six years.
25:34
[SPEAKER_00]: Go listen to him with that's what you want to do.
25:36
[SPEAKER_00]: If you're listening to me over here, I'm going to teach you what I believe what I've learned.
25:40
[SPEAKER_00]: And the IUS is a good tax shelter policy.
25:46
[SPEAKER_00]: But Anthony O'Neill still believes that term life insurance is the best insurance policy ever because you get more for your money.
25:57
[SPEAKER_00]: But wealth is about strategy.
26:00
[SPEAKER_00]: So yes, I do believe term life insurance is a part of you wealth strategy and I do believe for some people depending on your income status and I you well policy will help.
26:14
[SPEAKER_00]: So we're going to talk about that.
26:18
[SPEAKER_00]: We're even gonna break down why do I need to be updated in my beneficiary's?
26:22
[SPEAKER_00]: And if you have a trust, why should your trust be on all your beneficiary's and not actual human being?
26:31
[SPEAKER_00]: What is a financial power of attorney?
26:32
[SPEAKER_00]: And how is that, you know, current in today?
26:38
[SPEAKER_00]: The legacy binder.
26:40
[SPEAKER_00]: list of accounts and passwords.
26:42
[SPEAKER_00]: I just recently did this and I talk about it on my book, why it's important.
26:46
[SPEAKER_00]: Let me tell you why this is important.
26:48
[SPEAKER_00]: Then I got to go.
26:53
[SPEAKER_00]: You can come out of me at one of the reasons why having your things in order.
27:06
[SPEAKER_00]: Because you never know what life is going to hate you with.
27:10
[SPEAKER_00]: And I mean this, I do not know when God is going to bring me home.
27:15
[SPEAKER_00]: I wanted the hardest things, but one of the most mature things I've ever done was get my state in order.
27:26
[SPEAKER_00]: I may wake up one day and be in a coma.
27:28
[SPEAKER_00]: I don't know.
27:31
[SPEAKER_00]: I may wake up one
27:41
[SPEAKER_00]: The hardest thing was honestly acknowledging that.
27:47
[SPEAKER_00]: The most mature thing was get in prepared for that.
27:54
[SPEAKER_00]: And even inside of my legacy binder, I have my passwords to all of my accounts, everything, Instagram accounts, YouTube accounts, bank accounts, policy accounts, any and everything, my computer, my iPhone,
28:11
[SPEAKER_00]: So that way, if my family needs to get access to stuff, they can get access to the money, to the resources, immediately.
28:19
[SPEAKER_00]: My dead has power of attorney, my little brother John Gives, has power of attorney over my situation, if something was happening to me.
28:27
[SPEAKER_00]: The reason why I didn't give it to my mother is because my mothers are going to be emotional.
28:31
[SPEAKER_00]: I think everyone's going to be emotional when I'm gone.
28:36
[SPEAKER_00]: But my mothers are going to be a little bit emotional.
28:39
[SPEAKER_00]: I'm speaking about my mothers.
28:41
[SPEAKER_00]: I'm not saying women, right?
28:43
[SPEAKER_00]: But I know my mothers is, I know my mom.
28:46
[SPEAKER_00]: I have to, a biological mom and an amazing stepmother.
28:50
[SPEAKER_00]: And I trust my father and my brother to do what I put inside of my will and my trust.
28:56
[SPEAKER_00]: I trust that they will go in their accounts and do the things that they need to do without emotions attached to it.
29:08
[SPEAKER_00]: You see, freedom is not just for me.
29:13
[SPEAKER_00]: I didn't write, stop living paycheck to paycheck, so that I can just have another book.
29:17
[SPEAKER_00]: No, I wrote, stop living paycheck to paycheck because freedom is not just you.
29:22
[SPEAKER_00]: Freedom is about, what are you passing down to your levels?
29:25
[SPEAKER_00]: Freedom is about passing down, not just wealth, but legacy.
29:31
[SPEAKER_00]: But wisdom, access, real estate.
29:39
[SPEAKER_00]: This is the mature side of things.
29:42
[SPEAKER_00]: Also, loudened in the freedom to miss you when God brings you home.
29:48
[SPEAKER_00]: You don't want them stressed.
29:49
[SPEAKER_00]: You don't want them worried about how we're going to pay for this, how we're going to bury him or her, like, what are we going to do in our own?
29:54
[SPEAKER_00]: You want them to have the freedom to celebrate your life.
29:57
[SPEAKER_00]: You want them to have the freedom to enjoy what you left and why they celebrate you in heaven.
30:09
[SPEAKER_00]: That's what stopped living paycheck to paycheck is about.
30:13
[SPEAKER_00]: I ain't trying to get you rich.
30:15
[SPEAKER_00]: I'm going to get you free.
30:16
[SPEAKER_00]: You could be free on $50,000 a year, or $150,000 a year, or a million hours a year.
30:23
[SPEAKER_00]: But at the same time, without the right plan, without the right strategy, you could be in bondage on $50,000 a year, $75,000 a year, a $150,000 a year, or a million hours a year.
30:42
[SPEAKER_00]: So if you want the right plan, get the book, go get your own Amazon, go tohanthenownnew.com for slash book, go to your local bookstore.
30:55
[SPEAKER_00]: Because we're going to really be doing this time.
30:58
[SPEAKER_00]: Yo, let me know how you like today's episode.
31:00
[SPEAKER_00]: I know it's a little bit shorter and I know it's different.
31:02
[SPEAKER_00]: I want to try it out and see if you all like it.
31:05
[SPEAKER_00]: Give me some constructive criticism.
31:06
[SPEAKER_00]: Do you all want to, do you want the power points with maybe full screen?
31:10
[SPEAKER_00]: Would you want to be able to see me in a power points?
31:12
[SPEAKER_00]: Or do you not even care about seeing me?
31:13
[SPEAKER_00]: A-Broad just put the power points up so we can follow you even better.
31:16
[SPEAKER_00]: All right, because I really want to start making sure that I'm providing a good amount of value to you.
31:24
[SPEAKER_00]: And I just, I don't like what I'm seeing on social media
31:29
[SPEAKER_00]: And again, I'm never going to disrespect somebody, never going to attack the human being, my brother or sister.
31:37
[SPEAKER_00]: But I am going to teach my thoughts on subjects that others are teaching on that will be different, while not knocking them.
31:48
[SPEAKER_00]: I was on Bees of Most Podcasts, and she said something to me, that really stood out.
31:51
[SPEAKER_00]: She said, I can say I like apples without saying, I do not like oranges.
32:00
[SPEAKER_00]: So we're going to talk about it.
32:02
[SPEAKER_00]: Yo's your boy Anthony and me.
32:03
[SPEAKER_00]: Let me know the comments what you think, what you like, and I'll see you in the next episode.