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Live Below Your Means: The Key to Lasting 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,
• 0:08
  Speaker 2: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 2: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 2: love supporting businesses that run on Square because it just
• 0:18
  Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor
• 0:21
  Speaker 2: at a pop up market, or even one of our
• 0:23
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 2: manage inventory, and run their business with confidence, all from
• 0:31
  Speaker 2: one simple system. If you're a business owner or even
• 0:35
  Speaker 2: just thinking about launching something soon, Square is hands down
• 0:38
  Speaker 2: one of the best tools out there to help you start, run,
• 0:41
  Speaker 2: and grow. It's not just about payments, it's about giving
• 0:45
  Speaker 2: you time back so you can focus.
• 0:47
  Speaker 1: On what matters most Ready.
• 0:48
  Speaker 2: To see how Square can transform your business, visit Square
• 0:52
  Speaker 2: dot com backslash go backslash eyl to learn more that
• 0:56
  Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 1:02
  Speaker 2: Let's Square handle the back end so you can keep
• 1:04
  Speaker 2: pushing your vision forward. This episode is brought to you
• 1:11
  Speaker 2: by P and C Bank, a lot of people think
• 1:13
  Speaker 2: podcasts about work are boring, and sure they definitely can be,
• 1:17
  Speaker 2: but understanding of professional's routine shows us how they achieve
• 1:21
  Speaker 2: their success little by little, day after day. It's like
• 1:25
  Speaker 2: banking with P and C Bank. It might seem boring
• 1:28
  Speaker 2: to save, plan and make calculated decisions with your bank,
• 1:31
  Speaker 2: but keeping your money boring is what helps you live
• 1:34
  Speaker 2: or more happily fulfilled life. P and C Bank Brilliantly
• 1:38
  Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty
• 1:42
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• 1:46
  Speaker 2: P and C Bank National Association Member FDIC.
• 1:51
  Speaker 3: You gotta think about if you died today, what will
• 1:55
  Speaker 3: happen at least every couple of more important. That's important
• 1:59
  Speaker 3: because most of the time, and even for me, I
• 2:02
  Speaker 3: had to realize that, like most of the most of us,
• 2:06
  Speaker 3: if we die today, it's not organized enough. And that's
• 2:12
  Speaker 3: that's a problem. That's bulletproof. You gotta think if I
• 2:14
  Speaker 3: die today, and you gotta avoid money traps. And I've
• 2:20
  Speaker 3: talked about this last week, but I'm going to double
• 2:22
  Speaker 3: down is because I'm you know, some helping people is
• 2:25
  Speaker 3: more important than what critics have to say. Buying a
• 2:28
  Speaker 3: home is extremely important, but it's also can be a
• 2:31
  Speaker 3: money trap. It could be a money pit. That's unfortunate
• 2:35
  Speaker 3: situation because once you're in it, you can't really turn around.
• 2:39
  Speaker 4: But buy a home, like if you can, if you.
• 2:44
  Speaker 3: Can get approved for a million dollar mortgage, buy a
• 2:48
  Speaker 3: condo for two fifty, thank me later, Hello, thank me later.
• 2:53
  Speaker 1: I'll go through it. So you wouldn't do it after.
• 2:55
  Speaker 3: You you might not have the same level of Okay,
• 2:59
  Speaker 3: I'm gonna bring this girl all over and she thank
• 3:02
  Speaker 3: me later.
• 3:03
  Speaker 1: If she wants you, she wants you, regardless of you.
• 3:05
  Speaker 1: By Y're gonna build it together by.
• 3:09
  Speaker 3: Lower yes you than what you get approved form. Thank
• 3:15
  Speaker 3: me later, Yeah, because it's more beneficial to have money
• 3:22
  Speaker 3: working for you.
• 3:24
  Speaker 4: For sure, then you.
• 3:26
  Speaker 3: Actually putting money into something that potentially down the line
• 3:31
  Speaker 3: you can have equity down the line.
• 3:34
  Speaker 4: You need somewhere to live. That's important for sure.
• 3:39
  Speaker 3: Modesty is important in life, but in this home thing
• 3:42
  Speaker 3: that's probably even more important than anything. The modesty nobody
• 3:47
  Speaker 3: ever talks about that. You gotta be modest and you're
• 3:50
  Speaker 3: living that's the most important thing. I'm a modest and
• 3:54
  Speaker 3: that's one lesson that we can learn from Warren Buffer.
• 3:56
  Speaker 3: I don't know if this is true or not, but
• 3:58
  Speaker 3: they always say that he lived in the same house
• 3:59
  Speaker 3: that grew up in Omahona. Brast Oh he kept it modest.
• 4:05
  Speaker 3: Modest in your living. Be modest in your.
• 4:08
  Speaker 1: Living, because if you don't have hot I'm going to
• 4:10
  Speaker 1: cut you off. You go ahead. That's you're right.
• 4:12
  Speaker 4: It's the biggest thing.
• 4:13
  Speaker 3: It's the biggest expense, and it's an ongoing expense, and
• 4:16
  Speaker 3: it's an expense that only gets more expensive.
• 4:19
  Speaker 5: Oh and I know y'all want to tell them big
• 4:20
  Speaker 5: ass parties.
• 4:21
  Speaker 1: And then someone slips on your marble. Not fun.
• 4:26
  Speaker 5: Two hundred and fourteen thousand dollars lawsuit for a person.
• 4:29
  Speaker 5: Oh and if I ever passed early, God forbid. Let's
• 4:31
  Speaker 5: just be public record. Don't go to my mom and
• 4:33
  Speaker 5: my cousin talking about Ian would have want me to
• 4:35
  Speaker 5: have this. I want you to have nothing fit in
• 4:36
  Speaker 5: the world. Sorry, sorry, right, no, no, best your love.
• 4:44
  Speaker 1: If you couldn't go to give my mama a hug.
• 4:46
  Speaker 2: Yeah, I did that as soon as we were building,
• 4:50
  Speaker 2: and I was like, this is a moment I had
• 4:53
  Speaker 2: the red button. I was like, I went to day.
• 4:55
  Speaker 2: I'm like, yo, here's the coldes, here's a coldes, keep
• 4:59
  Speaker 2: it saved, put it locked somewhere. Anything happens to me.
• 5:02
  Speaker 2: Here's what you do. Just this is what you do,
• 5:06
  Speaker 2: and this is what you do. I don't want to
• 5:08
  Speaker 2: think about that. Well I did. I thought about it
• 5:10
  Speaker 2: for you.
• 5:11
  Speaker 5: Yeah, the modesty of the business too over expanding, just
• 5:16
  Speaker 5: to over expand and not hiring the right talent. Well,
• 5:19
  Speaker 5: what's the quote, higher slow and firefast. Yeah, No one
• 5:26
  Speaker 5: talks about the payroll part.
• 5:27
  Speaker 3: It's like keep you keep your expenses low at all times.
• 5:33
  Speaker 3: Cars like, if you don't, you don't need to necessarily
• 5:38
  Speaker 3: buy the car and cash, you can lease it. That's
• 5:40
  Speaker 3: when jaysonaid, we don't. At least we bought a whole car,
• 5:42
  Speaker 3: as you should. With that good advice, that's actually bad advice.
• 5:46
  Speaker 1: It depends on your state.
• 5:51
  Speaker 2: When he when he said it, so you said it,
• 5:53
  Speaker 2: I think he would go back and look differently at
• 5:55
  Speaker 2: that line.
• 5:56
  Speaker 4: It's a hustler's mentality, but it's not necessarily.
• 5:58
  Speaker 1: It's a brackadigi not necessarily.
• 6:04
  Speaker 4: Man and Rose wars.
• 6:06
  Speaker 5: If we ever found out what the car really costs,
• 6:08
  Speaker 5: we are going to report on it for seven weeks straight.
• 6:11
  Speaker 3: Keep your expenses down, and the cars and the jury
• 6:18
  Speaker 3: and the homes. It looks good, but it's not necessary
• 6:24
  Speaker 3: because one car does the same thing that two cars
• 6:26
  Speaker 3: can do. One watch tells the same time that three
• 6:29
  Speaker 3: watches can tell. For sure, a three two bedroom house
• 6:35
  Speaker 3: serve the same purpose that a six bedroom house, because
• 6:37
  Speaker 3: most people's not using six bedrooms.
• 6:39
  Speaker 4: What I'm saying is that.
• 6:40
  Speaker 3: Live below your means means When they say live below
• 6:43
  Speaker 3: your means, nobody's never really critically thought about that. That
• 6:46
  Speaker 3: means that your means, you're actually living less than your
• 6:49
  Speaker 3: actually means. That means that you actually should be at
• 6:53
  Speaker 3: one hundred thousand, but you live in at seventy thousand.
• 6:55
  Speaker 3: What does that mean? That means you have to make
• 6:56
  Speaker 3: sacrifices live They didn't say live at your means. Nobody
• 7:00
  Speaker 3: didn't say live at your means.
• 7:01
  Speaker 1: They said living and way below.
• 7:06
  Speaker 5: And if I would be honest, it's one of the
• 7:08
  Speaker 5: hardest sacrifices I've ever made. Man, Big Mike shots to
• 7:13
  Speaker 5: Mike out there and they hit me.
• 7:14
  Speaker 1: With what's the what's the biggest.
• 7:18
  Speaker 3: And you've done the best, You're actually I'm gonna give
• 7:22
  Speaker 3: you credit biblically because you, out of everybody that I've seen,
• 7:26
  Speaker 3: you've done the best at living below your means. And
• 7:31
  Speaker 3: I mean you still live a good life, but I've
• 7:33
  Speaker 3: seen I see it, Like I'm an observant person, right,
• 7:36
  Speaker 3: I noticed that you live below your means and that
• 7:41
  Speaker 3: takes discipline a ton, And I didn't think because that's
• 7:46
  Speaker 3: something that most people would not talk about. But you
• 7:49
  Speaker 3: are a very responsible person when it comes to how
• 7:52
  Speaker 3: you're living.
• 7:54
  Speaker 4: Thank you.
• 7:54
  Speaker 1: What's the because this is true, and.
• 7:58
  Speaker 2: What's the biggest society pressure that you face when you say,
• 8:01
  Speaker 2: like I need to have discipline to do this.
• 8:04
  Speaker 1: What are those those pressure points that it's like, damn,
• 8:07
  Speaker 1: I really want that or I really could do this,
• 8:09
  Speaker 1: but I'm not going to uh just getting offered.
• 8:13
  Speaker 5: Hey, come to the brosforst Dealership and we get forty
• 8:17
  Speaker 5: fortyf I like you cool. It's tough to take some
• 8:21
  Speaker 5: calls and then you see your friends start to It's
• 8:27
  Speaker 5: even when Joe went and got the FRA right, Joe
• 8:28
  Speaker 5: face tied me like yo, but dog go get matching.
• 8:32
  Speaker 5: We're not gonna get matching for our It's like money
• 8:34
  Speaker 5: anything like I'm it's soundfly. It's dope on Instagram, but
• 8:39
  Speaker 5: is it really worth that? So it's tough though, especially
• 8:45
  Speaker 5: not like looking at the houses. And we talked about
• 8:47
  Speaker 5: it before the tax on bing O. Now I gotta
• 8:50
  Speaker 5: go have somebody go look for me on my behalf.
• 8:52
  Speaker 5: So on certain instances, I don't get taxed, but I'm
• 8:55
  Speaker 5: not gonna lie.
• 8:55
  Speaker 1: It's tough.
• 8:57
  Speaker 5: I'll see the future pop up in some of the videos,
• 8:59
  Speaker 5: like I need two of them, change two of them.
• 9:02
  Speaker 5: Watchers Big Mike almost got me last week. I don't
• 9:07
  Speaker 5: care about the reset back. I got it and I
• 9:09
  Speaker 5: was like, no, I'm good, I'm beat. Watch so but
• 9:15
  Speaker 5: knowing that I'm good and that you know my family
• 9:17
  Speaker 5: is good and that my kid is good.
• 9:18
  Speaker 1: But now e Xander starting to pressure me.
• 9:21
  Speaker 5: Ah yes you do, yeah he like that it'd be nice.
• 9:27
  Speaker 1: Yeah, yes you do. Yeah. So it's tough. It's worth it,
• 9:31
  Speaker 1: though it is.
• 9:32
  Speaker 5: I'm gonna do the buffet. I'm gonna play meek. And
• 9:35
  Speaker 5: then on the Private Time Boy two Rose Royces, I said,
• 9:40
  Speaker 5: oh okay, Buffett got the first color. Then y'all stop
• 9:46
  Speaker 5: saying the Rose Royce on advertise. You just may not
• 9:48
  Speaker 5: see where they advertise. We gotta stop a lot of
• 9:51
  Speaker 5: these misnumbers that are just not true. Go to F
• 9:54
  Speaker 5: one and Monica in it. It's a lot of advertisements
• 9:57
  Speaker 5: out there. Select the advertised to the clientele for sure.
• 10:03
  Speaker 1: For sure. Well they put that on NBC. Yeah.
• 10:07
  Speaker 5: Oh and Rolex and y'all quit copy of watchesis because
• 10:10
  Speaker 5: I would like another. But y'all just flat up copy
• 10:14
  Speaker 5: on everybody. Jesus the cacario of the watchmakers this year.
• 10:18
  Speaker 5: What y'all doing, Jo Scario.
• 10:21
  Speaker 3: Cicario, Well, yes, lady and him man, keep that in
• 10:27
  Speaker 3: mind when you're on your pathway to become rich, wealthy,
• 10:31
  Speaker 3: live below your means. Yeah, and invest as much as
• 10:35
  Speaker 3: possible and keep cash on hand at all times.
• 10:39
  Speaker 1: Just some matter vestments. I may give you all the
• 10:40
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• 10:46
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• 11:44
  Speaker 1: Sponsored by the United States Department of Homeland Security,