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If I Lost Everything, Here’s EXACTLY How I’d Start Over from Scratch · Earn Your Leisure

• 0:00
  Speaker 1: If you had to restart today from scratch, knowing everything
• 0:03
  Speaker 1: you know now, what would be the first three money moves?
• 0:08
  Speaker 2: So for me, I'll answer this question first. Yeah, yeah.
• 0:13
  Speaker 1: For me personally, you start from scratch. Investing is not
• 0:17
  Speaker 1: a top priority for me. Not to say that that's
• 0:19
  Speaker 1: not something that, but I feel like if you have
• 0:21
  Speaker 1: no money, your priority, how are you going to invest
• 0:24
  Speaker 1: money if you don't have money? Starting from scratch, I
• 0:26
  Speaker 1: would figure out a low overhead service-based business. I'm just
• 0:29
  Speaker 1: speaking from personal experience. I can only give you my
• 0:31
  Speaker 1: personal experience. So when I was in the financial services
• 0:34
  Speaker 1: industry selling insurance.
• 0:35
  Speaker 2: There's a lot of different stuff that you can do
• 0:37
  Speaker 2: like this, like car.
• 0:38
  Speaker 1: Insurance, life insurance, different type of service-based industry because I
• 0:43
  Speaker 1: feel like there's always an opportunity to make money on commissions.
• 0:47
  Speaker 1: And if I was dead broke, I would call my friends. Now,
• 0:53
  Speaker 1: this is important. I wouldn't call my friends to ask
• 0:56
  Speaker 1: them for money.
• 0:57
  Speaker 3: Mm-hmm.
• 0:59
  Speaker 1: I would call my friends to tell them what I'm doing.
• 1:02
  Speaker 1: So when I started in financial services, it's called Project 100,
• 1:06
  Speaker 1: where you list 100 people that you know. Everybody, your friend,
• 1:10
  Speaker 1: your friend's parents, your kid you went to college with,
• 1:13
  Speaker 1: somebody you played basketball with, everybody.
• 1:15
  Speaker 2: This is your network of people, right?
• 1:17
  Speaker 1: So I would reach out to every single person that
• 1:21
  Speaker 1: I know and tell them what I'm doing and try
• 1:27
  Speaker 1: to actually sell them products.
• 1:30
  Speaker 2: Like I said, I mean, I can only speak for
• 1:32
  Speaker 2: personal experience. It's what I actually did.
• 1:33
  Speaker 4: In real life.
• 1:34
  Speaker 1: And then from there, I would hone in on my
• 1:39
  Speaker 1: referrals and get referred to those people that they know
• 1:44
  Speaker 1: all while reinvesting the profits, living in as low cost
• 1:50
  Speaker 1: environment as possible. If living with your parents is an option,
• 1:52
  Speaker 1: then that's a good option. If whatever, right in the room,
• 1:55
  Speaker 1: whatever you got to do. not spending money on overhead,
• 1:58
  Speaker 1: reinvesting the money. Social media will come, but I will
• 2:01
  Speaker 1: focus on social media afterwards. But I feel that the
• 2:09
  Speaker 1: business aspect is the most important aspect first because you
• 2:12
  Speaker 1: have to generate money to actually get into the groove
• 2:15
  Speaker 1: of actually being able to invest. And a lot of
• 2:18
  Speaker 1: people are like, well, what kind of business should I start?
• 2:20
  Speaker 1: Like I said, there's always room for a service-based business.
• 2:22
  Speaker 1: There's always going to be somebody that's going to have
• 2:24
  Speaker 1: to sell you car insurance. There's always going to be
• 2:26
  Speaker 1: somebody that's going to have to sell life insurance. There's
• 2:29
  Speaker 1: always going to be somebody that's, you know, in that
• 2:32
  Speaker 1: type of vein, health insurance, whatever it is. There's always money.
• 2:37
  Speaker 1: There's always money to be made in a very short
• 2:39
  Speaker 1: period of time. You don't have to go to college
• 2:40
  Speaker 1: for these type of situations. And that's what I would do. So,
• 2:45
  Speaker 1: but what would you do?
• 2:49
  Speaker 4: Same as you.
• 2:49
  Speaker 5: I can only talk from personal experience. First, you have
• 2:53
  Speaker 5: to build a business because the highest returns that you're
• 2:54
  Speaker 5: going to get. that are going to outpace the market
• 2:58
  Speaker 5: for sure is by starting your own business. After that,
• 3:00
  Speaker 5: you got to pick a number, 50%, 60% and put
• 3:03
  Speaker 5: it into long-term.
• 3:06
  Speaker 4: That takes care of your future number.
• 3:08
  Speaker 5: So an important caveat is that too, and I know
• 3:12
  Speaker 5: people hate when I say this, you have to stay
• 3:14
  Speaker 5: your ass inside doors. It costs a lot of money
• 3:17
  Speaker 5: to be outside. People don't want to do it, and
• 3:20
  Speaker 5: I get it because you are thinking about now. But
• 3:23
  Speaker 5: I look back at all those seasons that I missed
• 3:26
  Speaker 5: of going to games. Oh, I get to have a
• 3:28
  Speaker 5: ball and do with it how I want to now.
• 3:30
  Speaker 5: And then third, you got to hit that futures market.
• 3:33
  Speaker 5: You got to pick a target that if your life
• 3:35
  Speaker 5: is on the line, this is the target that I'm
• 3:38
  Speaker 5: going to use to be able to hit. And Red Panda,
• 3:41
  Speaker 5: you know what that target is. But the three for
• 3:44
  Speaker 5: me is start a business. Two, puts 50 or 60%
• 3:48
  Speaker 5: of the money into stocks long term.
• 3:50
  Speaker 4: Third, trade futures.
• 3:51
  Speaker 5: And if I can add a fourth, find a way
• 3:54
  Speaker 5: to help other people first and get them a result
• 3:57
  Speaker 5: so they can then come back and then pay me.
• 3:59
  Speaker 5: The reason why I started with the yes and Chad
• 4:01
  Speaker 5: and started on social media back in 2016, 2017, just
• 4:05
  Speaker 5: giving away for free. If I help you make money first,
• 4:10
  Speaker 5: I'll be able to call that favor back upon you later.
• 4:12
  Speaker 5: So I wouldn't do anything different, but it's really important
• 4:14
  Speaker 5: to the other part of this question is to never
• 4:17
  Speaker 5: get back to the point where you're starting from scratch.
• 4:21
  Speaker 5: Timing is important to some of this. Like, Intel never
• 4:25
  Speaker 5: thought they would lose that lead. And because they didn't
• 4:28
  Speaker 5: keep reinvesting into the business and keep innovating, now you
• 4:32
  Speaker 5: have five other players that are light years ahead of you.
• 4:36
  Speaker 5: Just because you were able to do it one time
• 4:39
  Speaker 5: does not mean that you are able to do it again.
• 4:41
  Speaker 5: Sometimes timing, luck, and market fit is really important.
• 4:48
  Speaker 4: When we first started doing the show, nobody black was
• 4:50
  Speaker 4: talking about investing. Now it's boys. Soiree. Cool. That's why
• 4:56
  Speaker 4: what Mav is doing is so smart.
• 4:58
  Speaker 5: Mav just, I'm going to tell you a thing, run
• 5:02
  Speaker 5: the billy up. Then I'll tell you about it once
• 5:04
  Speaker 5: I'm at eight billy in the book come out. That's
• 5:07
  Speaker 5: my new move for 25 to 35. The next couple
• 5:10
  Speaker 5: of plays y'all see publicly decoys.
• 5:13
  Speaker 4: Never tell you the real play. Y'all going to see
• 5:15
  Speaker 4: me snowboarding. Cool. Keyshawn White on the hills. Cool. Y'all
• 5:21
  Speaker 4: never tell you the real place. Sorry, you fucked it up. Sorry, Brandon. Damn.
• 5:25
  Speaker 2: We got to talk about the snowboarding play, too. Your
• 5:28
  Speaker 2: comments was going crazy.
• 5:29
  Speaker 4: They wasn't happy about that.
• 5:31
  Speaker 2: It's not that they wasn't happy. They were a little surprised.
• 5:33
  Speaker 2: They were a little surprised with you. A little surprised.
• 5:38
  Speaker 2: I'll go with the.
• 5:39
  Speaker 4: A little surprised.
• 5:40
  Speaker 3: Why?
• 5:40
  Speaker 4: Surprised at me? Yeah.
• 5:42
  Speaker 3: I'm happy. I was happy for you, my brother. Shout
• 5:48
  Speaker 3: out to Edwin. Me and Edwin was both happy.
• 5:49
  Speaker 2: We got to pop out and show him.
• 5:53
  Speaker 5: I'll take the approach. On top of that, then speed
• 5:57
  Speaker 5: matters in execution. We talk about a hero on blackout,
• 6:02
  Speaker 5: but speed matters.
• 6:03
  Speaker 2: What do you mean?
• 6:04
  Speaker 4: And a good investment.
• 6:07
  Speaker 2: You mean like to lock something down? What do you mean?
• 6:10
  Speaker 2: That's crazy. No, I'm just asking.
• 6:14
  Speaker 4: We'll go further in detail in blackout. I was going
• 6:17
  Speaker 4: to say. Perfect. If we're talking personal stories, like, yeah, yeah.
• 6:23
  Speaker 3: Mine would be like, find a job that you can
• 6:26
  Speaker 3: create multiple streams from. And so like, yeah, everybody hears
• 6:29
  Speaker 3: the story of like, yo, I was a phys ed teacher.
• 6:30
  Speaker 3: But before I was ever that, I was a hall monitor, bro.
• 6:34
  Speaker 3: Like I was the guy sitting in the hallway, reading books,
• 6:37
  Speaker 3: telling kids to go to class, checking for hall passes.
• 6:40
  Speaker 3: While I was doing that, I was a tutor, right?
• 6:42
  Speaker 3: I'm trying to find another stream. While I was doing that,
• 6:45
  Speaker 3: I was coaching. While I was doing that, I was
• 6:47
  Speaker 3: running after-school programs. While I was doing that, I was
• 6:50
  Speaker 3: running summer programs. I had different streams of income. Not
• 6:54
  Speaker 3: only was I getting paid for doing, it wasn't even much,
• 6:57
  Speaker 3: but to be working in a school because I just
• 6:59
  Speaker 3: wanted to have experience working in schools.
• 7:01
  Speaker 4: I created multiple streams.
• 7:02
  Speaker 3: From just that, which allowed me to put some money
• 7:05
  Speaker 3: into investing. Obviously, as my career changed and I became
• 7:08
  Speaker 3: a teacher, then obviously, I still had those streams, but
• 7:11
  Speaker 3: it was like, all right, now there's more money to invest.
• 7:13
  Speaker 3: Then creating a business because I had enough To say,
• 7:15
  Speaker 3: all right, well, I have this career. I can go
• 7:17
  Speaker 3: venture off in the world of entrepreneurism.
• 7:20
  Speaker 4: That helps as well.
• 7:21
  Speaker 3: But, like, figure out how you're going to create multiple
• 7:23
  Speaker 3: streams from where you're at.
• 7:25
  Speaker 4: Right?
• 7:25
  Speaker 2: For sure.
• 7:26
  Speaker 4: And it could be, like I said, hall monitor. No joke.
• 7:28
  Speaker 4: And don't disrespect anybody that's a hall monitor. I was that.
• 7:31
  Speaker 2: You can create multiple streams.