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Starting From Scratch: Money Moves and Creating Wealth · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
• 0:04
  Speaker 2: works like The checkout is fast, the receipts are digital,
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• 1:01
  Speaker 2: don't hesitate. Let's Square handle the back end so you
• 1:04
  Speaker 2: can keep pushing your vision forward. This episode is brought
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  Speaker 2: to you by P and C Bank, a lot of
• 1:12
  Speaker 2: people think podcasts about work are boring, and sure, they
• 1:16
  Speaker 2: definitely can be, but understanding of professional's routine shows us
• 1:20
  Speaker 2: how they achieve their success little by little, day after day.
• 1:24
  Speaker 2: It's like banking with P and C Bank. It might
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  Speaker 2: seem boring to save, plan and make calculated decisions with
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  Speaker 2: your bank, but keeping your money boring is what helps
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  Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
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• 1:51
  Speaker 1: If you had to restart today from scratch, knowing everything
• 1:55
  Speaker 1: you know now, what will be the first three money
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  Speaker 1: moves for me? I'll answer this question first. Yeah, for
• 2:04
  Speaker 1: me personally, I wouldn't. I don't. You're starting from scratch.
• 2:08
  Speaker 1: Investment is not a top priority for me. Not to
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  Speaker 1: say that that's not something that you know, but I
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  Speaker 1: feel like, if you have no money, your priority how
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  Speaker 1: you're gonna invest mine? If you don't have money starting
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  Speaker 1: from scratch, I would figure out a low overhead service
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  Speaker 1: based business. I'm just speaking from personal experience. I can
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  Speaker 1: only give you my personal experience. So like when I
• 2:24
  Speaker 1: was when I was in the financial services industry, selling insurance,
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  Speaker 1: there's a lot of different stuff that you could do
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  Speaker 1: like this, like car insurance, life insurance, different type of
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  Speaker 1: you know, service based industry. Because I feel like there's
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  Speaker 1: always an opportunity to make money on commissions. And if
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  Speaker 1: I was dead broke, I would call my friends. Now
• 2:44
  Speaker 1: this is important. I wouldn't call my friends to ask
• 2:48
  Speaker 1: them for money. I would call my friends to tell
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  Speaker 1: them what I'm doing. So when I started in financial services,
• 2:56
  Speaker 1: used to have a p it's called Project one hundred
• 2:58
  Speaker 1: where you have you listen one hundred people that you know. Everybody,
• 3:01
  Speaker 1: your friend, your friend's parents, your kid, you went to
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  Speaker 1: college with, somebody, you play basketball with, everybody. This is
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  Speaker 1: your network of people, right. So I would reach out
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  Speaker 1: to every single person that I know and tell them
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  Speaker 1: what I'm doing and try to actually sell them products.
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  Speaker 1: Like I said, I mean, I can only speak personal
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  Speaker 1: experience is what I actually did in real life. And
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  Speaker 1: then from there I would hone in on my referrals
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  Speaker 1: and get referred to those people that they know, all
• 3:36
  Speaker 1: while reinvesting the profits living in as low cost environment
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  Speaker 1: as possible. If living with your parents is an option,
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  Speaker 1: and as that's a good option, if whatever, rent in
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  Speaker 1: a room, whatever you gotta do, not spending the money
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  Speaker 1: on overhead, reinvesting the money social media would come, but
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  Speaker 1: I would do I would focus on social media afterwards.
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  Speaker 1: But I feel that the business aspect is the most
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  Speaker 1: important aspect first, because you have to generate money to
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  Speaker 1: actually get into the groove of actually being able to invest.
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  Speaker 1: And a lot of people are like, well, what kind
• 4:10
  Speaker 1: of business should I start? Like I said, there's always
• 4:12
  Speaker 1: room for a service based business. There's always going to
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  Speaker 1: be somebody that's gonna have to sell you car insurance.
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  Speaker 1: There's always gonna be somebody that's gonna have to sell
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  Speaker 1: life insurance. There's always going to be somebody that's, you know,
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  Speaker 1: in that type of vein health insurance, whatever it is.
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  Speaker 1: There's always money. There's always money to be made in
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  Speaker 1: a very short period of time. You don't have to
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  Speaker 1: go to college for these type of situations. And that's
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  Speaker 1: what I would do. So, but what would you do?
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  Speaker 3: Same as you? I can only talk from personal experience. First,
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  Speaker 3: you have to build a business because the highest returns
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  Speaker 3: that you're going to get that are going to outpace
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  Speaker 3: the market for sure. It's by starting your own business.
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  Speaker 3: After that, you got to take You got to pick
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  Speaker 3: a number fifty percent, sixty percent, put it into long
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  Speaker 3: term and that takes in of your future number so
• 5:01
  Speaker 3: important caveat is that too. And I know people hear
• 5:04
  Speaker 3: when I say this. You have to stay your ass
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  Speaker 3: inside doors. Costs a lot of money to be outside
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  Speaker 3: and people don't want to do it. And I get
• 5:12
  Speaker 3: it because you're thinking about now. But I look back
• 5:15
  Speaker 3: at all those seasons that I missed of going to games.
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  Speaker 3: Oh I get that, have a ball and do with
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  Speaker 3: it how I want to now. And then third, you
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  Speaker 3: got to hit that features market. You got to pick
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  Speaker 3: a target that if your life is on the line,
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  Speaker 3: this is the target that I'm going to use to
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  Speaker 3: be able to hit the red panda. You know what
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  Speaker 3: that target is. But the three for me is start
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  Speaker 3: a business. Two, puts fifty or sixty percent of the
• 5:40
  Speaker 3: money into stocks long term. Third, trade futures, and if
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  Speaker 3: I can add a fourth, find a way to help
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  Speaker 3: other people first and get them a result so they
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  Speaker 3: can then come back and then pay me. The reason
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  Speaker 3: why I started with the Yes and Chad and started
• 5:54
  Speaker 3: on social media back in twenty sixteen twenty seventeen.
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  Speaker 1: It's given away for free.
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  Speaker 3: If I help you make money first, I'll be able
• 6:02
  Speaker 3: to call that favor back upon you later. So I
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  Speaker 3: wouldn't do anything different. But it's really important too. The
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  Speaker 3: other part of this question is to never get back
• 6:09
  Speaker 3: to the point where you're started from scratch. Timing is
• 6:13
  Speaker 3: important to some of this, like Intel never thought they
• 6:17
  Speaker 3: would lose that lead, and because they didn't keep reinvesting
• 6:20
  Speaker 3: into the business and keep innovating, and now you have
• 6:24
  Speaker 3: five other players that are light years ahead of you.
• 6:28
  Speaker 3: Just because you are able to do it one time
• 6:30
  Speaker 3: does not mean that you are able to do it again. Sometimes, Timing,
• 6:35
  Speaker 3: luck and market fit is really important. When we first
• 6:40
  Speaker 3: started doing the show, nobody Black was talking about investing.
• 6:43
  Speaker 3: Now as for sore Cool, That's why what Mav is doing,
• 6:49
  Speaker 3: it's so smart.
• 6:50
  Speaker 1: MAV just.
• 6:52
  Speaker 3: I want to tell you a thing. Run the billy up,
• 6:55
  Speaker 3: then I'll tell you about it once that eight billion
• 6:57
  Speaker 3: the book come out. That's my new move for twenty
• 6:59
  Speaker 3: five thirty five. The next couple of players y'all see
• 7:02
  Speaker 3: publicly decoys never tell you the real play. They're gonna
• 7:07
  Speaker 3: see me snowboarding cool, Sean White on this on the hills. Cool, y'all,
• 7:12
  Speaker 3: never tell.
• 7:13
  Speaker 1: You the real place. Sorry, you fucked it up. Sorry, granny, Damn.
• 7:17
  Speaker 1: We gotta talk. We gotta talk about the snowboarding play too.
• 7:20
  Speaker 1: Your conference was going crazy. They wasn't happy about that.
• 7:23
  Speaker 1: They wouldn't happen. They're a little surprised with you. A
• 7:25
  Speaker 1: little surprised.
• 7:27
  Speaker 2: I'll go with the why surprised.
• 7:33
  Speaker 1: Yeah, yeah, I'm I'm happy. I'm I was happy for you.
• 7:37
  Speaker 2: My brother shout, shout me and Edwin was both happy.
• 7:43
  Speaker 1: Shouted. That's I'll take the.
• 7:47
  Speaker 3: On top of that. Then speed matters in excuse you,
• 7:51
  Speaker 3: that's what we talked about the hero on Black Eye.
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  Speaker 1: But which speed mat What you mean in a good investment?
• 7:59
  Speaker 1: You mean like the locks? What do you mean? What
• 8:01
  Speaker 1: you mean? That's crazy? No, I'm I'm just we'll go
• 8:06
  Speaker 1: further in detailed back right.
• 8:12
  Speaker 2: If we're telling personal stories like yeah, yeah, mine would
• 8:15
  Speaker 2: be like find a job that you can create multiple
• 8:18
  Speaker 2: streams from, and so like yeah, everybody hears the story
• 8:21
  Speaker 2: of like yo, I was a physa teacher, but before
• 8:23
  Speaker 2: I was ever that I was a hall monitor bro.
• 8:25
  Speaker 2: Like I was a guy sitting in the hallway reading
• 8:28
  Speaker 2: books telling kids to go to class, checking for hall passes.
• 8:31
  Speaker 2: While I was doing that, I was a tutor. Right,
• 8:34
  Speaker 2: I'm trying to find another stream. While I was doing that,
• 8:36
  Speaker 2: I was coaching. Right while I was doing that, I
• 8:39
  Speaker 2: was running after school programs. While I was doing that,
• 8:41
  Speaker 2: I was running summer programs. And so I had like
• 8:43
  Speaker 2: different streams of incomes. So like, not only was I
• 8:46
  Speaker 2: getting paid for doing like I don't even it wasn't
• 8:48
  Speaker 2: even much, but to be working in a school because
• 8:50
  Speaker 2: I just wanted to have experience working in schools. I
• 8:53
  Speaker 2: created multiple streams from from just that, which allowed me
• 8:55
  Speaker 2: to put some money into investment. Obviously, as my career
• 8:59
  Speaker 2: change and I became a then obviously, I mean I
• 9:01
  Speaker 2: still had those streams, but it was like, all right,
• 9:03
  Speaker 2: now there's more money invest then creating a business, because
• 9:06
  Speaker 2: I had enough to say, all right, well, I have
• 9:08
  Speaker 2: this career, I can go venture off in the world
• 9:10
  Speaker 2: of entrepreneurism.
• 9:12
  Speaker 1: That helped swell.
• 9:12
  Speaker 2: But like, figure out how you're going to create multiple
• 9:14
  Speaker 2: streams from where you're at, right, sure, and it could
• 9:18
  Speaker 2: be like I said, hall monitor no joke and no
• 9:20
  Speaker 2: suspect anybody as a whole monitor. How was that you
• 9:23
  Speaker 2: can create multiple streams?
• 9:25
  Speaker 1: Yeah?
• 9:25
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