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Cliff Notes: Keys to win with your money in 2021 with Ian Dunlap · Earn Your Leisure

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  Speaker 1: You just realized your business needed to hire someone yesterday.
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  Speaker 2: Earnest what's going on you now Locked in the cliff Notes,
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  Speaker 2: Make sure you have your notepads ready, but more importantly,
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  Speaker 2: but before we get started, we gotta let them in
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  Speaker 4: Twenty twenty one, We're gonna do something different. I'm gonna
• 1:59
  Speaker 4: let you guys decide if you want to execute it
• 2:01
  Speaker 4: or not. I'm not going to force you. But this
• 2:03
  Speaker 4: is for those who want the greatest return and possibly
• 2:06
  Speaker 4: the greatest year possible.
• 2:08
  Speaker 3: To follow up from last year, these are the three
• 2:10
  Speaker 3: secrets to winning with your money in twenty twenty one.
• 2:13
  Speaker 3: So let's rock and rolls. We can bring our amazing
• 2:15
  Speaker 3: guest point. So Number one, what I want you to do.
• 2:19
  Speaker 3: Please write these down every spare dollar that.
• 2:23
  Speaker 4: You get in twenty twenty one, I want you to
• 2:26
  Speaker 4: put half into the market and half the too. Eliminate
• 2:29
  Speaker 4: in debt if you want to be debt free, type
• 2:32
  Speaker 4: debt free in chat. I think all last year we
• 2:35
  Speaker 4: proved what kind of games are possible set Tesla seven
• 2:38
  Speaker 4: hundred percent, Apple eighty nine percent. We'll talk about a
• 2:42
  Speaker 4: few others that ran up two thousand percent. The misnomber
• 2:45
  Speaker 4: that you can only get seven to twelve percent.
• 2:47
  Speaker 3: That's we prove that to be wrong.
• 2:50
  Speaker 4: But this year I want to go more comprehensive and
• 2:53
  Speaker 4: talk about lifestyle structure and having great games in the
• 2:58
  Speaker 4: market means nothing if you have a ton of debt
• 3:01
  Speaker 4: and a bunch of bills every time you walk to
• 3:03
  Speaker 4: your mailbox. Number two, this is important for my fellas.
• 3:08
  Speaker 4: Got to avoid lifestyle creep. I say this because interest
• 3:11
  Speaker 4: rates were more than likely rise in twenty twenty three.
• 3:15
  Speaker 4: This year will not be as sexy as twenty twenty,
• 3:20
  Speaker 4: so it'd be a little bit more difficult.
• 3:22
  Speaker 3: So we're going to get a.
• 3:23
  Speaker 4: Chance to see the cream rise to the top and
• 3:26
  Speaker 4: those who can actually invest in trade it will be
• 3:28
  Speaker 4: on display this year, so you don't need to go
• 3:31
  Speaker 4: get a fourteen bedroom house this year.
• 3:34
  Speaker 3: Let's wait. Everyone can't do like him five hundred.
• 3:38
  Speaker 4: Listen, you may not be able to get Ride to
• 3:39
  Speaker 4: Night Maxwell, sure you know you may not be able
• 3:42
  Speaker 4: to get.
• 3:43
  Speaker 3: John Legends say baby, I love you.
• 3:44
  Speaker 4: Let's put on this playlist and let's not have any stress.
• 3:48
  Speaker 4: And then number three. Everyone always asks me how long
• 3:51
  Speaker 4: does it take for me? It took me about eighteen
• 3:54
  Speaker 4: months once I concentrated heavily on it. I use the
• 3:57
  Speaker 4: Dave Ramsey death snowball, but modified so every other revenue
• 4:01
  Speaker 4: stream I put fifty to seventy five percent into pan
• 4:03
  Speaker 4: off my debt. If you only have one source of income,
• 4:06
  Speaker 4: it can take you anywhere from two to three years.
• 4:09
  Speaker 4: If you have more than one, it can take.
• 4:10
  Speaker 3: You twelve months.
• 4:11
  Speaker 4: If you really bust your ass and put all your
• 4:14
  Speaker 4: extra money into it. I know when COVID clears, everybody
• 4:17
  Speaker 4: wants to go to Plaia.
• 4:18
  Speaker 3: Everyone wants to go to Tuloom. Great, hold off until
• 4:22
  Speaker 3: you get debt free.
• 4:23
  Speaker 4: Though this quote from John Templeton is probably one of
• 4:29
  Speaker 4: the most important. Happiness comes from spiritual wealth and not
• 4:33
  Speaker 4: material And when I was broke, I used to think
• 4:36
  Speaker 4: to myself, like, give me the money and then I'll
• 4:38
  Speaker 4: find a way to be happy.
• 4:40
  Speaker 3: But we tried to put this on display week after week.
• 4:44
  Speaker 3: Last year.
• 4:45
  Speaker 4: I was happy as given to others last year. Very
• 4:49
  Speaker 4: really did I even talk about any of my personal accomplishments.
• 4:52
  Speaker 4: Last year, I was happier to give to those who
• 4:55
  Speaker 4: needed or wanted it. So I'm begging you write this down.
• 4:59
  Speaker 4: I need you to find a way to give to
• 5:00
  Speaker 4: ten people every week for fifty two weeks this year,
• 5:04
  Speaker 4: and watch how the blessings multiply in your life. This
• 5:06
  Speaker 4: is not some theoretical well or some church thing. This
• 5:10
  Speaker 4: is something I've actually done. This had a tremendous impact
• 5:12
  Speaker 4: on my life. And last year something you beat up
• 5:16
  Speaker 4: on me was like, man, all you cover is stocks
• 5:19
  Speaker 4: and long term investing. But this is what I call
• 5:21
  Speaker 4: the freedom set of light. So this is the beginner's version.
• 5:24
  Speaker 4: Once we go into week sixteen, I'm going to give
• 5:26
  Speaker 4: you the full blueprint. But this is your freedom set
• 5:29
  Speaker 4: of light. These are the things that you need in
• 5:31
  Speaker 4: place to actually have financial freedom. So Number one, you
• 5:36
  Speaker 4: need a business you pick now in your industry. You
• 5:39
  Speaker 4: need to see what the probability of hitting a million
• 5:43
  Speaker 4: or multimillion dollars isn't your business. We don't want to
• 5:46
  Speaker 4: walk by hope. We want to walk into the data
• 5:49
  Speaker 4: and know what's possible. Number two, stocks, We talked about
• 5:52
  Speaker 4: that forever. We know why real estate. So I said
• 5:56
  Speaker 4: this before, it's not a gang war. It's both. It's
• 5:59
  Speaker 4: not stocks or real estate, is both. We talked about
• 6:02
  Speaker 4: it two weeks ago. Life insurance. For what you invest in,
• 6:06
  Speaker 4: the bang for your buck that you get life insurance
• 6:10
  Speaker 4: is a great addition to your satellite and portfolio. This
• 6:16
  Speaker 4: is a big one I want to touch on. I
• 6:17
  Speaker 4: talked to about it in the Sniper Room earlier. But
• 6:20
  Speaker 4: having a job. Don't let people on Instagram and social
• 6:24
  Speaker 4: media tell you that working is bad. The average entrepreneur
• 6:28
  Speaker 4: makes less than thirty thousand a year, and we all
• 6:31
  Speaker 4: have a friend that has excuse me how the business
• 6:34
  Speaker 4: for eight years and he hasn't went anywhere. But he's like, man,
• 6:36
  Speaker 4: I can't believe you work for somebody else, and meanwhile
• 6:40
  Speaker 4: they're not able to provide for them. So there have
• 6:42
  Speaker 4: been more millionaires made from stock options inside of companies
• 6:46
  Speaker 4: than they have been actual entrepreneurs that have went on
• 6:48
  Speaker 4: to make a million. So don't let people trick could.
• 6:51
  Speaker 4: My mom used to tell me some beats none right.
• 6:54
  Speaker 4: So if you have money coming in, it's what you
• 6:57
  Speaker 4: do with it that would help catapult you. And once
• 7:00
  Speaker 4: you actually get into this business, we'll talk about this
• 7:03
  Speaker 4: week eight. You need twenty four streams of revenue in
• 7:05
  Speaker 4: your business.
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  Speaker 3: Now.
• 7:07
  Speaker 4: When we talked about it two or three weeks ago,
• 7:10
  Speaker 4: people were shocked because you often heard seven was the number.
• 7:14
  Speaker 4: I've been to enough conferences wherever I brought up that number,
• 7:17
  Speaker 4: of people laughed. But I want to walk you through
• 7:19
  Speaker 4: an illustration of what corporations do. Don't follow what I say.
• 7:22
  Speaker 4: Follow with the top ten companies throughout the world. Due
• 7:27
  Speaker 4: So these are the fundamentals that matter. Add this to
• 7:30
  Speaker 4: that fundamental list. When you are evaluating a company, this
• 7:34
  Speaker 4: is key. How many customers are in their ecosystem. So
• 7:40
  Speaker 4: Apple has one point five billion active devices. According to
• 7:44
  Speaker 4: last year, T Mobile actively has ninety eight million customers
• 7:47
  Speaker 4: paying every month. Microsoft has seventy five, Netflix seventy three.
• 7:52
  Speaker 4: Disney Plus had eighty six point eight. They're projected to
• 7:55
  Speaker 4: go to two hundred and sixty million by the end
• 7:58
  Speaker 4: of this year. The only weakness we do Disney Plus.
• 8:00
  Speaker 4: They don't have any amazing content. They're living off old content.
• 8:04
  Speaker 4: But if they can find a way to create more
• 8:07
  Speaker 4: content without going into debt like Netflix, they can have
• 8:10
  Speaker 4: a powerful last business. So a key point I want
• 8:13
  Speaker 4: you to write this down. Companies with a subscriber base
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  Speaker 4: of seventy million to one hundred million is eight.
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  Speaker 1: You just realized your business needed to hire someone yesterday.
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  Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed.
• 10:20
  Speaker 1: Stop struggling to get your job posts seen on other
• 10:23
  Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to
• 10:27
  Speaker 1: the top of the page for your relevant candidates, so
• 10:29
  Speaker 1: you can reach the people you want faster. According to
• 10:32
  Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty
• 10:36
  Speaker 1: five percent more applications than non sponsored jobs. Don't wait
• 10:40
  Speaker 1: any longer, speed up your hiring right now with Indeed,
• 10:44
  Speaker 1: and listeners of this show will get a seventy five
• 10:46
  Speaker 1: dollars sponsored job credit to get your jobs more visibility
• 10:50
  Speaker 1: at indeed dot com slash pod Katz thirteen. Just go
• 10:55
  Speaker 1: to Indeed dot com slash pod Katz thirteen right now
• 11:01
  Speaker 1: and support our show by saying you heard about Indeed
• 11:03
  Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is
• 11:08
  Speaker 1: all you need.
• 11:09
  Speaker 4: Sweet Spot to invest in your homework for the night,
• 11:12
  Speaker 4: make a list of ten of those companies and select
• 11:14
  Speaker 4: the three that you want to invest in really quick,
• 11:18
  Speaker 4: go ahead.
• 11:18
  Speaker 3: And like you don't like the mandalorian is.
• 11:21
  Speaker 4: The last episode was amazing, But it's one of those
• 11:24
  Speaker 4: things where it's like, it's very niche, it's very It's
• 11:30
  Speaker 4: kind of like kid Cutty, like kid Cutty spawned a
• 11:33
  Speaker 4: wave's but not everyone is like, yo, you hurt the
• 11:37
  Speaker 4: new cutting. But if Kanye does it, Kanye would be
• 11:40
  Speaker 4: Apple or T Mobile or Netflix in comparison.
• 11:44
  Speaker 3: Your analogies are incredible. Man, that's a good one. I try.
• 11:46
  Speaker 3: I try. Spot.
• 11:49
  Speaker 4: It's a point that needs to be stressed home for
• 11:52
  Speaker 4: the fellas. You can either buy and hold for freedom,
• 11:56
  Speaker 4: or you can choose to be selfish. Fellas, I'm gonna
• 11:59
  Speaker 4: talk to us more aggressively this year, and I'm gonna
• 12:00
  Speaker 4: tell you some of the things that I wish that
• 12:02
  Speaker 4: I was told earlier. The number one reason that people
• 12:05
  Speaker 4: don't hold for ten to thirty years because you don't
• 12:07
  Speaker 4: give a damn about who is in your life and
• 12:09
  Speaker 4: who is in your family, and you're not looking to
• 12:11
  Speaker 4: secure their future. At some point, fellas, we've got to
• 12:15
  Speaker 4: have some private talks about hedging in relationships. But the
• 12:22
  Speaker 4: thing that I see is amongst the men that love
• 12:25
  Speaker 4: their kids and love their family, they all have put
• 12:27
  Speaker 4: something away. For the men that have had the misfortune
• 12:32
  Speaker 4: of dealing with the wrong type of person or having
• 12:35
  Speaker 4: a child and being divorced with the wrong type of person,
• 12:37
  Speaker 4: they are a lot more hesitant. Through the good graces
• 12:41
  Speaker 4: of God and through this partnership out last year, I
• 12:43
  Speaker 4: was able to talk to like fourteen thousand people about investing,
• 12:47
  Speaker 4: And whenever I've talked to men, the ones who really
• 12:49
  Speaker 4: loved their kids, it was not even a question if
• 12:51
  Speaker 4: they have money put away. So we won't do this
• 12:56
  Speaker 4: in a public form, but in the private form we
• 12:58
  Speaker 4: have to talk about some strategies to mitigate even if
• 13:00
  Speaker 4: you are in a tumultuous situation in your household, if
• 13:05
  Speaker 4: you got in before the crash last year, it only
• 13:08
  Speaker 4: took you three months to recover, thank God to quantitative
• 13:11
  Speaker 4: easing and all the Robinhood traders and all of us
• 13:13
  Speaker 4: that were new in the market that helped prop some
• 13:16
  Speaker 4: of these things up. And if you bought at the
• 13:19
  Speaker 4: absolute high before the world shut down, it only took
• 13:23
  Speaker 4: you six months to recover. Six months, and we talked
• 13:27
  Speaker 4: about it before post World War two, in a recession,
• 13:30
  Speaker 4: on average it takes seventeen months to recover, which is
• 13:32
  Speaker 4: not a long time. When you're in the middle of
• 13:34
  Speaker 4: that store, man, it f its like hell on Earth.
• 13:36
  Speaker 4: But I want to reemphasize these points. So if we
• 13:40
  Speaker 4: enter another because today the market's slid down and everyone
• 13:43
  Speaker 4: was panicking, I'm like, Nazdak hit an all time high
• 13:46
  Speaker 4: before the.
• 13:47
  Speaker 3: Open, What did you think it was gonna do? Once again?
• 13:49
  Speaker 4: If I score fifty two in the garden the next game,
• 13:52
  Speaker 4: I'm probably I'm going to go back to my baseline average.
• 13:55
  Speaker 4: And the people who kept waiting and kept saying, well
• 13:59
  Speaker 4: in another month, I'll invest they missed.
• 14:01
  Speaker 3: Out on one of the greatest roullies in history.
• 14:03
  Speaker 4: So I need you to know, once the market drops
• 14:05
  Speaker 4: thirty to fifty percent, it usually goes up one hundred
• 14:08
  Speaker 4: to one hundred and thirteen percent and four years off index,
• 14:12
  Speaker 4: and a loan technology usually is five hundred percent to
• 14:16
  Speaker 4: one thousand percent return.
• 14:20
  Speaker 3: These are the three sleepers that I wish I.
• 14:21
  Speaker 4: Had called in twenty twenty. This first one you need
• 14:24
  Speaker 4: to write down. Domino's Pizza. We've talked about it. I
• 14:27
  Speaker 4: wish I would have called it in March so I
• 14:29
  Speaker 4: could have patted myself on the back, but I think
• 14:31
  Speaker 4: I did already with tussling over the last ten or
• 14:34
  Speaker 4: eleven years, Dominos is up fifty seven hundred percent fifty
• 14:40
  Speaker 4: seven hundred percent number two overstock. Oversock is going to
• 14:43
  Speaker 4: slide back down this year, but it was a nice
• 14:46
  Speaker 4: return of five hundred and seventy percent seventy six percent,
• 14:49
  Speaker 4: and Novavaks is a sleeper.
• 14:50
  Speaker 3: I don't think Novavax is good now.
• 14:52
  Speaker 4: And maybe we'll do chart time next week for sure,
• 14:55
  Speaker 4: but ten thousand in last year in n Novovaks.
• 14:58
  Speaker 3: Would have grossed you two hundred and eighty. I can't lie.
• 15:01
  Speaker 3: I have some fun over that. I really do.
• 15:04
  Speaker 4: This is my personal blueprint for twenty twenty one. My
• 15:08
  Speaker 4: entire theme of this year is going to be no talking,
• 15:10
  Speaker 4: all executing. So I'm gonna be straight to the point
• 15:12
  Speaker 4: on every episode, and I want you to execute if
• 15:15
  Speaker 4: you choose to. For me, I'm personally gonna go through
• 15:17
  Speaker 4: two hundred pages a day, go through my research stack.
• 15:20
  Speaker 4: I'm going to go through the weekly review of the
• 15:22
  Speaker 4: top one hundred companies on my list. So write this
• 15:24
  Speaker 4: down because if you want a competitive edge, this is
• 15:27
  Speaker 4: what I'm doing to get it. I'm going to research
• 15:29
  Speaker 4: every single stock in all markets, are international markets and
• 15:33
  Speaker 4: domestic in ninety days. I'm going to mark off the
• 15:37
  Speaker 4: by zones for every company, mark off which ones are
• 15:41
  Speaker 4: winners and losers, and block out all the noise.
• 15:45
  Speaker 3: This point right here is the most important.
• 15:47
  Speaker 4: Block out all noise. I'm gonna be real. Most financial
• 15:50
  Speaker 4: outlets have turned into world Star or shape Room. Kudos
• 15:54
  Speaker 4: to the good people of at shape Room. Love y'all right,
• 15:58
  Speaker 4: but not a lot of information is given to help
• 16:01
  Speaker 4: you catapult to the next level. A lot of it
• 16:05
  Speaker 4: is to keep your attention and eyeballs glued to their
• 16:08
  Speaker 4: page for at revenue. And then my final assignment is
• 16:12
  Speaker 4: to discover what the top three investments are for the year,
• 16:15
  Speaker 4: So screenshot that because this is my personal blueprint. So
• 16:18
  Speaker 4: if I'm a little bit quieter this year, I'm getting
• 16:21
  Speaker 4: back in the trenches in the laboratory so I can
• 16:24
  Speaker 4: put some enhancements on this crystal ball. This is one
• 16:27
  Speaker 4: of the most popular posts and cause some controversy, but
• 16:32
  Speaker 4: I originally posted this in twenty eighteen in December and
• 16:37
  Speaker 4: posted it again and caught fire. But I'm not putting
• 16:42
  Speaker 4: this to cause you to be stressed or depressed. I'm
• 16:46
  Speaker 4: doing it to give you context. So when you first
• 16:49
  Speaker 4: get your first hundred grand, whether it's liquid, partially liquid,
• 16:54
  Speaker 4: or all tied up once you have kids in a family,
• 16:58
  Speaker 4: that's not real money, right, So let's take me out
• 17:02
  Speaker 4: of it and let's look at the DAYA kudos to Joshua.
• 17:07
  Speaker 4: In order to be considered rich, according to twenty nineteen seven,
• 17:10
  Speaker 4: you need at least two point three to be wealthy.
• 17:13
  Speaker 4: That's to have a cushion. So whether it's liquid, real estate,
• 17:17
  Speaker 4: a combination of both, that's how much. This is the
• 17:20
  Speaker 4: metric for where we are right. So the first goal
• 17:24
  Speaker 4: you want to get to is ten grand. After that
• 17:26
  Speaker 4: you want to get to fifty. The third milestone is
• 17:28
  Speaker 4: one hundred. After that you have to be pushing to
• 17:31
  Speaker 4: get to the million dollar mark in combination of all
• 17:34
  Speaker 4: assets that you have underneath your portfolio. Before you will actually,
• 17:39
  Speaker 4: if you have kids, be able to breathe. And the
• 17:43
  Speaker 4: true way to know if you have more than enough money,
• 17:46
  Speaker 4: you need to multiply whatever your bills are. I multiply
• 17:49
  Speaker 4: those times ten years, and that'll tell you how much
• 17:52
  Speaker 4: room you need for cushion to be stable.
• 17:54
  Speaker 2: To hear a more extended conversation. Make sure to check
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  Speaker 2: out our live YouTube show Market Mondays every Monday eight
• 18:00
  Speaker 2: pm Easter Standard time, seven pm Central, and check out
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• 18:10
  Speaker 4: My graduates from my school being forced bad drop bag
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  Speaker 4: Drop Mike, drop Bag drop drop.
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