Latest / The Table with Anthony ONeal / Your Bank Doesn’t Want You To Know THIS About DEBT

Transcript

Your Bank Doesn’t Want You To Know THIS About DEBT · The Table with Anthony ONeal

0:00
[SPEAKER_01]: Yep.
0:03
[SPEAKER_01]: This isn't going to be the same old cut up your credit card, budget better, live below your means, show today.
0:15
[SPEAKER_01]: Let's be real.
0:16
[SPEAKER_01]: You all have heard this several times from me, from your Dave Ramses, et cetera.
0:22
[SPEAKER_01]: And while those tips, those tips hear me clearly, do matter.
0:27
[SPEAKER_01]: Let's be honest.
0:28
[SPEAKER_01]: They're not what's keeping you buried in payments.
0:33
[SPEAKER_01]: So I need you to get me about twenty-five minutes today.
0:37
[SPEAKER_01]: I need you to dial in for next twenty-five minutes because this is going to be a different show.
0:41
[SPEAKER_01]: And I'm gonna give you some clarity in an action plan that you need to eliminate your debt literally for good.
0:50
[SPEAKER_01]: I don't even waste time because I wanna get into it because this is gonna be something different that I've actually talked about today.
0:55
[SPEAKER_01]: So do me a favor, hit that thumbs up button, hit the subscribe button, as a matter of fact, let's get to it right now.
1:03
[SPEAKER_01]: Here's a very first thing that you need to do, right?
1:06
[SPEAKER_01]: Number one is that you need to become so valuable that they can't afford to pay you the same.
1:15
[SPEAKER_01]: Say that one more time.
1:16
[SPEAKER_01]: I need you to become so valuable that they
1:21
[SPEAKER_01]: can't afford to pay you, this ain't.
1:25
[SPEAKER_01]: Here's something people, people do not talk about enough about when it comes to debt pay off that you need to become so valuable in your current role that is disrespectful for them to not to give you a rate.
1:41
[SPEAKER_01]: I'm saying it one more time.
1:43
[SPEAKER_01]: I'm saying it one more time.
1:45
[SPEAKER_01]: You need to become so valuable.
1:50
[SPEAKER_01]: that your work, that what you bring to the table is so valuable that it is disrespectful to look at you and say, yeah, you're not getting raised.
2:09
[SPEAKER_01]: If you're not using AI to make you even better,
2:18
[SPEAKER_01]: If you're not doing research every single day to make you better, if you're not reading a book, if you're not reading articles, if you're not jumping online and growing and evolving to become better, you don't deserve a raise.
2:36
[SPEAKER_01]: You see, most folks out here are trying to save a hundred dollars a month.
2:41
[SPEAKER_01]: When they should be asking, how can I earn a thousand dollars more?
2:49
[SPEAKER_01]: They should be asking themselves, what can I learn to evolve my mind, turn my mind into my business, that will evolve my skills, when my skills get bigger and better, I become a major asset to my company, to where now they gotta pay me more.
3:07
[SPEAKER_01]: Now I have to charge more, because here's a truth.
3:12
[SPEAKER_01]: You may not need a new job.
3:15
[SPEAKER_01]: You need to maximize the ones you already have.
3:19
[SPEAKER_01]: What's going to happen?
3:19
[SPEAKER_01]: Hey listen, if you're serious about getting out of debt, building real well, and creating a line for freedom, this is your home.
3:27
[SPEAKER_01]: I want to personally invite you to subscribe to the channel right now, because every single week, we're dropping videos.
3:36
[SPEAKER_01]: I hope you take control of your money.
3:38
[SPEAKER_01]: It will help you shift your funny mindset and break money just for additional cycles.
3:44
[SPEAKER_01]: You see, this channel isn't just content.
3:47
[SPEAKER_01]: It's honestly a move from over one million people have joined this community over the last four years.
3:53
[SPEAKER_01]: I'm still blown away by that to be honest, and our mission is both.
3:57
[SPEAKER_01]: It is to eliminate one billion dollars in debt and build five hundred million dollars in assets by the year of twenty-fifty.
4:04
[SPEAKER_01]: We talk real money, real freedom, and real legacy here it takes.
4:08
[SPEAKER_01]: No flux, no credit card hat, just the truth.
4:12
[SPEAKER_01]: That would say you and your family are for a better financial each.
4:15
[SPEAKER_01]: Do yourself a favor and join this family.
4:17
[SPEAKER_01]: Join this movement by hitting that subscribe button.
4:21
[SPEAKER_01]: Turn on your notifications and join this journey because this is where financial freedom begins.
4:29
[SPEAKER_01]: Let's get back to the show.
4:30
[SPEAKER_01]: Hit that subscribe button.
4:33
[SPEAKER_01]: Let's be real.
4:34
[SPEAKER_01]: Let's be real.
4:34
[SPEAKER_01]: Let me be real.
4:35
[SPEAKER_01]: Let me be real.
4:36
[SPEAKER_01]: Let me be real.
4:37
[SPEAKER_01]: Let me be real.
4:38
[SPEAKER_01]: Let me be real.
4:39
[SPEAKER_01]: Let me be real.
4:40
[SPEAKER_01]: As a CEO of a company, let me tell you some things that over the last five years that I've experienced from some of my team members that has impacted them from not getting maybe the raise that they desire.
4:54
[SPEAKER_01]: Here's number one.
4:56
[SPEAKER_01]: You show up late and get a first person lead.
4:59
[SPEAKER_01]: And today's day in time, it is we're doing Zoom meetings.
5:03
[SPEAKER_01]: You show up late to the Zoom meeting, but you're the very first one to hit end.
5:07
[SPEAKER_01]: You're not active, you're not involved, you're not communicating, you're not contributing.
5:11
[SPEAKER_01]: You're not valuable.
5:14
[SPEAKER_01]: So if you want to become valuable, show up early.
5:18
[SPEAKER_01]: You know, as a matter of fact, show up early with some notes in your hand.
5:21
[SPEAKER_01]: And even if you may not know something, to bring something to the table.
5:26
[SPEAKER_01]: And don't always be the first person.
5:28
[SPEAKER_01]: All right y'all, boom, before you can say goodbye you off.
5:32
[SPEAKER_01]: I remember those days.
5:33
[SPEAKER_01]: I would show up if, if, if startup was right at eight thirty.
5:38
[SPEAKER_01]: I would show up right at eight thirty, sometimes eight thirty one.
5:43
[SPEAKER_01]: When five, thirty-hint, I'm already in the car, because that about five, five, ten, I'm already shutting down for the day.
5:54
[SPEAKER_01]: And I remember when I got my first job and I was up for, uh, uh, uh, not up for promotion, but, uh, a, a, a position that's higher to my, uh, came available, uh, applied for, interviewed for it.
6:08
[SPEAKER_01]: But my supervisor at the time was also interviewed because I was interviewed.
6:13
[SPEAKER_01]: So they wanted to know if I'm ready.
6:17
[SPEAKER_01]: I didn't get the job.
6:18
[SPEAKER_01]: And when the mayor is writing the job, my supervisor told me, he said, man, they asked me, and I told him to true.
6:24
[SPEAKER_01]: You do the bare minimum.
6:29
[SPEAKER_01]: You only do what we pay you to do.
6:33
[SPEAKER_01]: You show up right on time and you're the first person out of the door.
6:37
[SPEAKER_01]: You don't contribute something more, you don't contribute anything else to the team.
6:41
[SPEAKER_01]: I was a bill collector.
6:42
[SPEAKER_01]: You ever helped them make any more money?
6:46
[SPEAKER_01]: Yes, Anthony, you're good.
6:49
[SPEAKER_01]: As a matter of fact, you're the best one on this team, but it's all about you.
6:57
[SPEAKER_01]: We slid, let me to the second pain I want to tell y'all, but I want to start here.
7:01
[SPEAKER_01]: Start starving problems.
7:03
[SPEAKER_01]: Nobody else wants to resolve.
7:05
[SPEAKER_01]: Or nobody else can touch.
7:07
[SPEAKER_01]: And watch this.
7:08
[SPEAKER_01]: Start starving problems without you always happening to ask someone else, should you do it?
7:14
[UNKNOWN]: Ooh.
7:17
[SPEAKER_01]: Again, it's all about how do you make yourself more valuable?
7:22
[SPEAKER_01]: How do you make yourself an asset?
7:27
[SPEAKER_01]: to where it is disrespectful for them to not give you raise, because why would they give you a raise if you only do what they tell you to do?
7:38
[SPEAKER_01]: Why would they give you a raise if you're only doing the bare minimum to just get a paycheck?
7:43
[SPEAKER_01]: You don't deserve a raise.
7:45
[SPEAKER_01]: I've been in for three years.
7:46
[SPEAKER_01]: I don't care.
7:47
[SPEAKER_01]: You're not an asset.
7:49
[SPEAKER_01]: You're a liability.
7:54
[SPEAKER_01]: a lot of ability just gets checked.
7:56
[SPEAKER_01]: And I said it's getting the check and also bringing solutions, suggestions and taking the initiative.
8:09
[SPEAKER_01]: So I want to go back through this.
8:11
[SPEAKER_01]: If you want to become valuable, show up early and stay a little later.
8:17
[SPEAKER_01]: If you want to be valuable, start solving problems.
8:20
[SPEAKER_01]: Nobody else on your team must even touch or consider.
8:24
[SPEAKER_01]: If you want to be valuable, here's the third thing, modern-new skill each month.
8:29
[SPEAKER_01]: That makes your boss, that makes your team, that makes your company, watches, that even makes your team-mates look good.
8:37
[SPEAKER_01]: And let them get the credit for it.
8:38
[UNKNOWN]: Ooh.
8:43
[SPEAKER_01]: Learn a new skill.
8:46
[SPEAKER_01]: Hey, man, I was in AI.
8:47
[SPEAKER_01]: I don't talk about this, and I know you gotta do this, but I was doing some research, and I found this.
8:51
[SPEAKER_01]: I think this might be something you should look into.
8:54
[SPEAKER_01]: Oh, thanks.
8:57
[SPEAKER_01]: Don't go back to the boss A-Boss, you know, I asked to gave them an idea.
9:00
[SPEAKER_01]: Now you look like a chump.
9:01
[SPEAKER_01]: Now you look like, well, you want to be all that.
9:04
[SPEAKER_01]: I don't know.
9:05
[SPEAKER_01]: A team player is a team player.
9:09
[SPEAKER_01]: But if you're not learning a new skill,
9:13
[SPEAKER_01]: If you're not going out and bringing something back to your team, bringing something back to your company, that can help produce more income that can help produce more clients or clientele, you're not, you're not a asset, you're not valuable to me, you're just doing a job.
9:35
[SPEAKER_01]: Watch this.
9:38
[SPEAKER_01]: Something I'm very big on.
9:39
[SPEAKER_01]: Track your rules.
9:41
[SPEAKER_01]: track how much money you've made the company.
9:45
[SPEAKER_01]: And my position is how much how many views have come from your change.
9:51
[SPEAKER_01]: What's the engagement?
9:56
[SPEAKER_01]: What new product ideas have you brought to the company?
10:03
[SPEAKER_01]: Because I'm telling you right now, if your boss has to think of every day,
10:09
[SPEAKER_01]: and tell you to do it and you only do what he or she says to do, you're not valuable and you're not going to get the raise because you're not solving solutions and you're not bringing any more ideas to the company.
10:25
[SPEAKER_01]: I hate to say it like this, but a lot of you all are at liability to the company.
10:31
[SPEAKER_01]: You're only collecting HR.
10:35
[SPEAKER_01]: And in today's day and time, if you don't get on board with AI, if you do not get on board, and figure out how can you make yourself more valuable?
10:46
[SPEAKER_01]: You are going to be without a job.
10:51
[SPEAKER_01]: Let's say if you do all this stuff, right?
10:53
[SPEAKER_01]: Here's what I want you to do.
10:55
[SPEAKER_01]: On your next yearly, schedule that meeting.
11:00
[SPEAKER_01]: And here's what I need to say.
11:02
[SPEAKER_01]: Here's the value I brought to the table.
11:05
[SPEAKER_01]: I'll light the talk about a raise that reflects the value that I bring.
11:11
[SPEAKER_01]: Now listen, you got to come in with receipts.
11:15
[SPEAKER_01]: Not complaints.
11:18
[SPEAKER_01]: No contributions.
11:20
[SPEAKER_01]: And you're not begging, you're proving your worth.
11:24
[SPEAKER_01]: You want to find thousands on the raise?
11:27
[SPEAKER_01]: That wipes out credit cards.
11:29
[SPEAKER_01]: You get a ten thousand on the raise.
11:31
[SPEAKER_01]: That could eliminate a card note.
11:34
[SPEAKER_01]: But before we can get to the five thousand ten thousand, what are you doing?
11:39
[SPEAKER_01]: That produces value, that more is that five thousand dollars.
11:45
[SPEAKER_01]: And if you need help,
11:47
[SPEAKER_01]: having that conversation.
11:49
[SPEAKER_01]: I break it down, step by step, and my how to get a raise ebook.
11:54
[SPEAKER_01]: All right, it is going to Anthony and Neil.com and go to the free resources.
11:59
[SPEAKER_01]: I said no, that's not free.
12:00
[SPEAKER_01]: It's like Tim Bugs.
12:02
[SPEAKER_01]: Click on the store and get that how to get
12:04
[SPEAKER_01]: Excuse me, how to get a raise e-book?
12:06
[SPEAKER_01]: It's like ten bucks.
12:07
[SPEAKER_01]: I literally get forty pages to walk you through exactly what we as CEOs and operators really, really are looking for.
12:18
[SPEAKER_01]: I do not hire anybody on my company just to give them a check.
12:23
[SPEAKER_01]: If they don't bring value, they won't be here to them.
12:27
[SPEAKER_01]: I've only had to get rid of maybe like two people.
12:30
[SPEAKER_01]: No.
12:31
[SPEAKER_01]: I don't pay you at some amount of dollars to give me X amount of dollars.
12:35
[SPEAKER_01]: No, no, no.
12:36
[SPEAKER_01]: Most employers are paying you to bring back at least three times what they pay you.
12:41
[SPEAKER_01]: It makes sense.
12:42
[SPEAKER_01]: It's an ROI.
12:43
[SPEAKER_01]: I'm not paying you to break even.
12:45
[SPEAKER_01]: I'm not making any money.
12:47
[SPEAKER_01]: In my case, I'm not paying you to get same amount of views.
12:49
[SPEAKER_01]: I have for you got here.
12:50
[SPEAKER_01]: No, no, no.
12:52
[SPEAKER_01]: I'm paying you to help me get more views to make more impact to touch more people live.
12:58
[SPEAKER_01]: All right, family, let me keep it real with you.
13:00
[SPEAKER_01]: Right now.
13:01
[SPEAKER_01]: You see, most people avoid talking about life insurance because it's uncomfortable.
13:05
[SPEAKER_01]: It takes forever to get approved.
13:08
[SPEAKER_01]: And honestly, it feels like you're planning for the worst.
13:11
[SPEAKER_01]: Totally getting it, right?
13:13
[SPEAKER_01]: But I see an exact same thing.
13:14
[SPEAKER_01]: Here's what changed in my mind.
13:17
[SPEAKER_01]: You see, forty percent of Americans don't have life insurance at all.
13:21
[SPEAKER_01]: The ones who do, the policies are usually worth just two times their annual salary.
13:26
[SPEAKER_01]: That's nowhere near enough money to protect your family, to protect the people who you say you love.
13:31
[SPEAKER_01]: Can you know me?
13:31
[SPEAKER_01]: I don't partner with just anybody.
13:33
[SPEAKER_01]: But when I found ethos, I got my own two million dollar policy because they made it extremely simple.
13:39
[SPEAKER_01]: No medical exams, no blood tests, no waiting weeks.
13:43
[SPEAKER_01]: I literally got covered in ten minutes from my phone.
13:46
[SPEAKER_01]: No life.
13:46
[SPEAKER_01]: Over two thousand families get approved through ethos every single day.
13:51
[SPEAKER_01]: They've got an A plus rating with the better business bureau and four point eight out of five stars on trust pop.
13:57
[SPEAKER_01]: These aren't just numbers.
13:58
[SPEAKER_01]: These are real families getting protected right now.
14:01
[SPEAKER_01]: Here's your bike insurance race goal up about eight to ten percent every single year you wait the same policy I got a few years ago will cost me way more if I buy today your family's financial security should never depend on your paycheck alone that's not building well don't wait until it's too late
14:19
[SPEAKER_01]: want you to visit anthonylo.com for us as ethos to get a free quote today.
14:24
[SPEAKER_01]: You're going to apply a minute.
14:25
[SPEAKER_01]: You're going to get covered today.
14:27
[SPEAKER_01]: You're going to protect your family's future.
14:29
[SPEAKER_01]: We're counting on you.
14:31
[SPEAKER_01]: Go to anthonylo.com for us as ethos.
14:35
[SPEAKER_00]: And then Mr. May, I'm comfortable and reformed.
14:37
[SPEAKER_00]: My question is, I have a house income of a hundred and fifty thousand.
14:40
[SPEAKER_00]: I have two car loans.
14:42
[SPEAKER_00]: Oh, oh, one, eight thousand, two, seventy, eight, twenty, six percent, but a famous three, fifty, five, ninety, seven.
14:48
[SPEAKER_00]: And the other car loan, I have nine thousand, two, ninety, and fourteen cent at a eight point four percent interest.
14:54
[SPEAKER_00]: And they can note it, six, forty, two, fourteen.
14:56
[SPEAKER_00]: Again, I have a house income of one, fifty, one, and I know what's the best way to get rid of that because some reason,
15:06
[SPEAKER_00]: Is this killing me?
15:07
[SPEAKER_00]: And I just, I need to get rid of both of these cars.
15:09
[SPEAKER_00]: So, thanks.
15:10
[SPEAKER_00]: Enjoy yourself.
15:11
[SPEAKER_01]: Twenty-six percent.
15:17
[SPEAKER_01]: It didn't have six hundred dollars car note.
15:21
[SPEAKER_01]: Germain.
15:26
[SPEAKER_01]: That's the real problem.
15:28
[SPEAKER_01]: Twenty-six percent.
15:30
[SPEAKER_01]: And I'm trying to catch my breath.
15:32
[SPEAKER_01]: I'm sneezing right now, and I'm a little frustrated that someone within our community was sign of twenty-six percent car alone.
15:43
[SPEAKER_01]: This leads me to number two.
15:44
[SPEAKER_01]: This leads me to number two.
15:46
[SPEAKER_01]: We gotta have a tactical debt reduction strategy.
15:50
[SPEAKER_01]: Because right now, we have to talk about the strategy.
15:57
[SPEAKER_01]: on how we're going to do this.
15:59
[SPEAKER_01]: A lot of us may not have domains, exact numbers, but the foundations will still apply.
16:04
[SPEAKER_01]: All right.
16:05
[SPEAKER_01]: First, here's the good news.
16:06
[SPEAKER_01]: Germain, you're almost done paying off these cars.
16:10
[SPEAKER_01]: All right.
16:11
[SPEAKER_01]: You're going to pay back a whole lot of money on a depreciating asset, on a liability.
16:19
[SPEAKER_01]: All right.
16:19
[SPEAKER_01]: So, this simply means when we look at the facts and the stats that there still is light at the end of the tunnel.
16:26
[SPEAKER_01]: But here's how we're going to do it.
16:28
[SPEAKER_01]: We're going to use the Death Snowball method where we list all of our debt from smallest to large.
16:34
[SPEAKER_01]: All right.
16:36
[SPEAKER_01]: This keeps our momentum strong.
16:38
[SPEAKER_01]: So in Germaine's case, right?
16:40
[SPEAKER_01]: The focus is going to be on eight thousand all along first.
16:43
[SPEAKER_01]: Not only is it the smallest, but because it has also the highest interest rate at twenty six percent, which is highway robbery, paying this off will immediately give him a race instantly, right?
16:58
[SPEAKER_01]: Then from there, we're going to add on the nine thousand all along.
17:02
[SPEAKER_01]: We won't be paid this one off.
17:05
[SPEAKER_01]: Listen to me.
17:07
[SPEAKER_01]: In this case, the twenty six percent is on the lowest one first.
17:12
[SPEAKER_01]: But let's just say, the twenty six percent was on the nine thousand dollar loan, not the eight thousand dollar loan.
17:20
[SPEAKER_01]: Some people would say, well, I would pay off the nine thousand dollar loan first with the twenty six percent because that's a lot of interest being paid out.
17:30
[SPEAKER_01]: Well,
17:33
[SPEAKER_01]: This is not my saying.
17:35
[SPEAKER_01]: This is a Dave Ramsey saying.
17:37
[SPEAKER_01]: And I'll always give that man credit because he did teach me my foundation.
17:43
[SPEAKER_01]: We made disagree on certain small things, but everything in that man teaches is right on point.
17:49
[SPEAKER_01]: I could never argue with someone who's worth almost a billion dollars.
17:53
[SPEAKER_01]: I just can't, right?
17:56
[SPEAKER_01]: But he said this was, and I totally agree with it.
18:01
[SPEAKER_01]: Well, the math doesn't make sense.
18:03
[SPEAKER_01]: to pay off the smallest one compared to the highest interest rate.
18:08
[SPEAKER_01]: Well, if the math doesn't make sense, we would not have gotten into this situation in the first place because it doesn't make sense to borrow money in paid twenty cents per cent.
18:18
[SPEAKER_01]: That math doesn't make sense.
18:21
[SPEAKER_01]: I don't know.
18:22
[SPEAKER_01]: So this is not a math problem.
18:24
[SPEAKER_01]: We need a mental solution.
18:26
[SPEAKER_01]: So why do I promote paying smallest debt to largest?
18:30
[SPEAKER_01]: Because my mind needs to see improvement.
18:37
[SPEAKER_01]: Let me break it down to you in first grade, first grade language.
18:41
[SPEAKER_01]: And this makes no sense, but it's mental.
18:44
[SPEAKER_01]: I need to see.
18:45
[SPEAKER_01]: I was on the treadmill earlier this morning.
18:48
[SPEAKER_01]: I've been running every single day, y'all can see, man, my clothes is just getting.
18:51
[SPEAKER_01]: They're getting bigger, but because my body is getting leaner.
18:56
[SPEAKER_01]: I was on the treadmill and I just bought a new treadmill because I needed something better from my body, from my knees and stuff like that, right?
19:05
[SPEAKER_01]: And so on the treadmill that was saying that I had this amount of calories, but I didn't see anything on my body and then see no sweat as I'm, oh man, you're doing good.
19:14
[SPEAKER_01]: And I'm ten minutes in, I see I don't burn to about, you know, fifty-something calories as I'm all man, you're doing good, keep it up.
19:21
[SPEAKER_01]: And I wasn't really motivated.
19:25
[SPEAKER_01]: about sixteen minutes in.
19:26
[SPEAKER_01]: I started sweating and I was like, whoa, sweating.
19:32
[SPEAKER_01]: Wait a minute.
19:34
[SPEAKER_01]: I started going a little bit harder.
19:35
[SPEAKER_01]: Why?
19:35
[SPEAKER_01]: Because mentally watched this, I saw sweat.
19:41
[SPEAKER_01]: I saw that what I am doing is actually working.
19:47
[SPEAKER_01]: I was only supposed to run for twenty minutes.
19:49
[SPEAKER_01]: Watch this.
19:50
[SPEAKER_01]: But when I got to twenty minutes, I was dripping.
19:54
[SPEAKER_01]: And I had extra energy because I saw momentum.
19:59
[SPEAKER_01]: I saw sweat coming down.
20:02
[SPEAKER_01]: So mentally, y'all can argue to all the Anthony sweaters and me.
20:05
[SPEAKER_01]: He was burning his honor out mentally.
20:08
[SPEAKER_01]: It made me want to go another ten minutes.
20:10
[SPEAKER_01]: I didn't care how my body was feeling.
20:12
[SPEAKER_01]: I didn't care how tired I was, but because mentally I saw my T-shirt dripping.
20:20
[SPEAKER_01]: I saw a sweat coming out of my beard and I was like, oh man, you, who are you burning some calories?
20:26
[SPEAKER_01]: Can you call me?
20:30
[SPEAKER_01]: So when you get that momentum, it makes you even go harder.
20:34
[SPEAKER_01]: This is why I like the desk, no bow, because when you start seeing,
20:39
[SPEAKER_01]: things that debt coming out.
20:42
[SPEAKER_01]: It makes you even want to go harder and faster.
20:46
[SPEAKER_01]: Back to the cardio, now I'm going to burn more fat quicker, why?
20:49
[SPEAKER_01]: Because I'm seeing things that I'm going harder.
20:52
[SPEAKER_01]: And when you see things going down to your desk, no ball, you're going down from eight thousand to seven thousand to six thousand.
20:58
[SPEAKER_01]: Like, well, well, well, well, if I put more on here, if I go back to my budget and I stop doing this and I put more over here, I can go, well, well, well, now we go from five thousand to two thousand because we got real excited.
21:09
[SPEAKER_01]: We're still making minimum payments on the other debts.
21:14
[SPEAKER_01]: In his case is the nine K Carlone and the mortgage.
21:18
[SPEAKER_01]: We're still making minimum payments.
21:20
[SPEAKER_01]: But we're getting excited about this first one and we're adding that on to the next one.
21:25
[SPEAKER_01]: Now when it comes to the debt snowball, my philosophy, Dave Ramsey philosophy, et cetera, you're paying off your consumer debt.
21:33
[SPEAKER_01]: So your mortgage is not inside of the debt snowball.
21:38
[SPEAKER_01]: No.
21:40
[SPEAKER_01]: The debt snowball is only for consumer debt.
21:43
[SPEAKER_01]: And so what I want you to do, we're going to put a link on the screen, go to ampennel.com and I have Ed and Michelle put a graphic on her to where you all can see the length where you can download my free ebook.
21:55
[SPEAKER_01]: It's about a forty-fifty pages, no, literally how to use a desk, no ball to its full effect on how to eliminate that.
22:03
[SPEAKER_01]: Because I want to get on over to number three and not spend so much time with now because I talk about that all the time.
22:08
[SPEAKER_01]: But here's number three that I think a lot of us really don't really talk about enough.
22:11
[SPEAKER_01]: There's a mind of times what you already know.
22:13
[SPEAKER_01]: Watch this without starting a business.
22:16
[SPEAKER_01]: Yeah, I said it.
22:18
[SPEAKER_01]: Monatize what you already know.
22:24
[SPEAKER_01]: Here's a myth that I really want to talk about.
22:25
[SPEAKER_01]: That to make extra money, you need to start a whole business.
22:29
[SPEAKER_01]: That's a lie.
22:30
[SPEAKER_01]: No.
22:32
[SPEAKER_01]: I run a business and trust me.
22:34
[SPEAKER_01]: It's not as easy as social media makes it look.
22:39
[SPEAKER_01]: You're not going to be on a private jet working on a freaking yacht sitting on a beach.
22:44
[SPEAKER_01]: Working, still making millions.
22:47
[SPEAKER_01]: No.
22:48
[SPEAKER_01]: You're not gonna make a million dollars in a month.
22:50
[SPEAKER_01]: No.
22:51
[SPEAKER_01]: You're not gonna have fifteen ten employees.
22:54
[SPEAKER_01]: You don't want it.
22:56
[SPEAKER_01]: Because you don't want them playie taxes.
23:01
[SPEAKER_01]: No.
23:01
[SPEAKER_01]: You're not gonna be driving a Royce Royce in a Bentley.
23:05
[SPEAKER_01]: No.
23:07
[SPEAKER_01]: Right now, you don't need anything fancy.
23:10
[SPEAKER_01]: You need to solve a problem for someone who doesn't want to do it themselves.
23:17
[SPEAKER_01]: Can you write emails?
23:19
[SPEAKER_01]: Can you clean out garages?
23:21
[SPEAKER_01]: Can you organize messy iPhone photos?
23:24
[SPEAKER_01]: Can you organize closets?
23:26
[SPEAKER_01]: I met my pattern on the show before.
23:28
[SPEAKER_01]: I met my good friends, Megan and India, and when I first got into my house, the closet was jacked up and I said, all right, man, I'm going to just put a good closet in here.
23:38
[SPEAKER_01]: So I hired my guy to come and build me in closet and I put all my clothes and arrows like, man, I need to hire a closet organizer.
23:46
[SPEAKER_01]: I jumped on thumbtack, was looking for someone.
23:48
[SPEAKER_01]: They really liked what I saw.
23:49
[SPEAKER_01]: Then one of the young ladies I was following Instagram.
23:53
[SPEAKER_01]: She posted this, this organization.
23:56
[SPEAKER_01]: These two young ladies, Morgan and India.
23:58
[SPEAKER_01]: And man, they were a beast.
24:01
[SPEAKER_01]: And I hired them.
24:01
[SPEAKER_01]: I said, yo, listen, can y'all come in and clean out my closet and organize it?
24:05
[SPEAKER_01]: Man, it came in there in two days.
24:06
[SPEAKER_01]: It organized the closet.
24:07
[SPEAKER_01]: I paid them five hundred dollars to this day.
24:10
[SPEAKER_01]: My closet is still organized.
24:14
[SPEAKER_01]: I didn't want to go in there and and put jackets over here and jackets in this color over here.
24:18
[SPEAKER_01]: I don't want to vote up all my denim jeans and put them up.
24:22
[SPEAKER_01]: I didn't want to for all my t-shirts up in the special kind of way, but I don't know.
24:26
[SPEAKER_01]: I needed someone who can come in there later on the foundation and I do a good job.
24:31
[SPEAKER_01]: And keeping her, as a matter of fact, I actually need to bring them back because winter seasons have changed.
24:37
[SPEAKER_01]: And so we had all my summer clothes up.
24:40
[SPEAKER_01]: So I'm going into my other bed room into that place, getting clothes and bringing them back in here.
24:45
[SPEAKER_01]: So more of you, I'm going to be calling you all because I need y'all to come over here and do my cloud stuff.
24:49
[SPEAKER_01]: They watch my show, faithfully.
24:51
[SPEAKER_01]: All right.
24:52
[SPEAKER_01]: So can you do it?
24:56
[SPEAKER_01]: Can you do some coding?
24:58
[SPEAKER_01]: Are you good at computer analytics?
25:01
[SPEAKER_01]: Watch this, have you mastered AI?
25:03
[SPEAKER_01]: I'm gonna keep talking about AI.
25:07
[SPEAKER_01]: Can you solve a problem that people do not want to fix?
25:16
[SPEAKER_01]: Are you good at cutting grass?
25:18
[SPEAKER_01]: Well, here go another one that a lot of people don't really good.
25:20
[SPEAKER_01]: That a lot of see, I'm giving you ideas, hopefully this is jogging your brain.
25:25
[SPEAKER_01]: Are you good at keeping grass green?
25:31
[SPEAKER_01]: Everyone who follows me or in my family, they know my grass is gonna be green and it's gonna be thick.
25:36
[SPEAKER_01]: I don't play around with it.
25:38
[SPEAKER_01]: I love being out there in the grass and all my friends call me and they kill A. What are you doing?
25:42
[SPEAKER_01]: How are you doing?
25:43
[SPEAKER_01]: You know, what do you, what, man, I'm sorry, I'm sorry, charge them.
25:49
[SPEAKER_01]: Anybody get all of this with some that it took me years to learn?
25:53
[SPEAKER_01]: and you get it for free?
25:54
[SPEAKER_01]: No, you're gonna have to put some money up in your, in my pocket.
25:59
[SPEAKER_01]: Why?
26:00
[SPEAKER_01]: Because all of this information that we have in our head is cash.
26:07
[SPEAKER_01]: It is cash.
26:09
[SPEAKER_01]: It is cash that we can use to pay off our debt.
26:14
[SPEAKER_01]: So here's how to keep it simple.
26:16
[SPEAKER_01]: We're gonna Facebook or next door and look for what people need.
26:23
[SPEAKER_01]: Drop a one sentence pitch.
26:24
[SPEAKER_01]: Hey, I do ABC.
26:28
[SPEAKER_01]: I can help this weekend.
26:30
[SPEAKER_01]: Let me know.
26:32
[SPEAKER_01]: Offer a flat rate.
26:34
[SPEAKER_01]: No flood.
26:34
[SPEAKER_01]: Don't be like, well, it all depends what you want to do.
26:37
[SPEAKER_01]: And I can do it.
26:38
[SPEAKER_01]: No, no, no, no, no.
26:39
[SPEAKER_01]: For me to do x, y, z, or ABC will cost you a hundred dollars, two hundred dollars, three hundred dollars.
26:49
[SPEAKER_01]: And it would tell you why that's going to work.
26:52
[SPEAKER_01]: Because people move when they know exactly what they're going to get and exactly what they're going to pay for.
27:03
[SPEAKER_01]: Freelances that I hire, I'm contrasting that I hire, hey man, how much is it going to cost you to fix my kitchen?
27:10
[SPEAKER_01]: Well, labor?
27:12
[SPEAKER_01]: It's going to cost you five thousand dollars, but you got to buy the material.
27:16
[SPEAKER_01]: And the material I can't quote, because it's depending on the store.
27:19
[SPEAKER_01]: It's depending on how much material we need.
27:21
[SPEAKER_01]: But labor is going to cost you this.
27:23
[SPEAKER_01]: I move quick.
27:24
[SPEAKER_01]: Well, I don't know.
27:25
[SPEAKER_01]: Man, all the pins are how long want to be in there.
27:27
[SPEAKER_01]: Or if I got to do this and not, no, no, no, no.
27:31
[SPEAKER_01]: You ain't the one.
27:32
[SPEAKER_01]: That's why I use my boy Gary.
27:35
[SPEAKER_01]: Hey, this is the labor cost.
27:37
[SPEAKER_01]: He tells me, he's gonna take me to this amount of hours.
27:40
[SPEAKER_01]: And if I bring in help, I gotta pay this amount per hour.
27:44
[SPEAKER_01]: And I be honest, you said about three hours.
27:48
[SPEAKER_01]: You clocking up on two and a half.
27:49
[SPEAKER_01]: Y'all gonna be done in three?
27:51
[SPEAKER_01]: No, I'm gonna take this about four.
27:52
[SPEAKER_01]: Okay.
27:52
[SPEAKER_01]: All right, okay.
27:55
[SPEAKER_01]: Or try this.
27:57
[SPEAKER_01]: Turn your nine to five skills into a free last.
28:01
[SPEAKER_01]: Are you a bookkeeper?
28:02
[SPEAKER_01]: Well, help three small businesses maintain their books.
28:06
[SPEAKER_01]: Do you do admin?
28:07
[SPEAKER_01]: Well, offer inbox cleanups on Fiverr or on Upwork.
28:12
[SPEAKER_01]: Are you a school teacher?
28:13
[SPEAKER_01]: Cool great.
28:14
[SPEAKER_01]: Offer tutoring on the side to three, four, five different students a week.
28:18
[SPEAKER_01]: Work in HR.
28:20
[SPEAKER_01]: Cool great.
28:20
[SPEAKER_01]: Offer resume reviews or mock up interviews.
28:24
[SPEAKER_01]: You already have what you need to make more money.
28:28
[SPEAKER_01]: You just haven't monetized it correctly.
28:31
[SPEAKER_01]: because we want to sit back and complain, complain about the economy, complain about AI, complain about Donald Trump and his cabinet, not our own.
28:40
[SPEAKER_01]: Stop making excuses.
28:43
[SPEAKER_01]: The greatest enemy to your financial success is your excuse.
28:50
[SPEAKER_01]: Stop making excuses and start doing something on the side that can generate income.
28:58
[SPEAKER_01]: Here's the, here's the next thing I want to talk about number four.
29:01
[SPEAKER_01]: But we hardly talk about this one, right?
29:05
[SPEAKER_01]: We go have a hard conversation about this.
29:08
[SPEAKER_01]: Number four, attack the root of debt, not just the balance.
29:15
[SPEAKER_01]: Yeah, we about to have a hard hard.
29:20
[SPEAKER_01]: You gotta attack the root of your money problem, not just the balance of it.
29:27
[SPEAKER_01]: He's he, that isn't just numbers, y'all.
29:30
[SPEAKER_01]: It's patterns.
29:32
[SPEAKER_01]: It's patterns.
29:34
[SPEAKER_01]: You can pay off ten thousand dollars.
29:37
[SPEAKER_01]: But if you don't fix the habit in a mindset that caused it, that puts you in a ten thousand dollars with the debt, guess what?
29:46
[SPEAKER_01]: You'll be right back in the same hole next year.
29:52
[SPEAKER_01]: Ask me, how do I know?
29:53
[SPEAKER_01]: Let me tell you, when I first started my workout journey,
29:57
[SPEAKER_01]: I lost ten pounds in a week where you couldn't tell me nothing.
30:04
[SPEAKER_01]: I fixed, I lost ten pounds, but I didn't fix the habit.
30:10
[SPEAKER_01]: So when I saw, oh, my gosh, I lost ten pounds.
30:13
[SPEAKER_01]: The happy set of, well, you can go back and get that rib now.
30:17
[SPEAKER_01]: You lost ten pounds.
30:18
[SPEAKER_01]: What rib ain't gonna bring you back up, ten pounds?
30:22
[SPEAKER_01]: What piece of cake ain't gonna bring you back up, ten pounds?
30:26
[SPEAKER_01]: One cup of sweet tea, half lemonade ain't gonna bring you back up, six, ten pounds?
30:32
[SPEAKER_01]: It's just what?
30:33
[SPEAKER_01]: I fell into the habit.
30:39
[SPEAKER_01]: and that next week I was so discouraged.
30:43
[SPEAKER_01]: Because I didn't go back up ten pounds, I went back eight pounds.
30:47
[SPEAKER_01]: So I busted my rear end for a whole week.
30:51
[SPEAKER_01]: I ate right, worked out, ran.
30:53
[SPEAKER_01]: I ate my ran on a treadmill that was hard.
30:57
[SPEAKER_01]: And my body was sore and aching to only go back eight pounds.
31:03
[SPEAKER_01]: It's because I didn't fix the habit.
31:10
[SPEAKER_01]: So I want to ask yourself, I want to ask yourself this question.
31:15
[SPEAKER_01]: Do I use money to cope with stress?
31:22
[SPEAKER_01]: Am I spending to impress people who don't even like me, who don't even know me, who I will probably never ever see in real life?
31:34
[SPEAKER_01]: Do I overspend because
31:37
[SPEAKER_01]: I never plan to head aka I never have a budget.
31:44
[SPEAKER_01]: Am I spending money on this date to impress her just so I can have sex?
31:50
[UNKNOWN]: Two!
31:52
[SPEAKER_01]: It's hard to heart!
31:55
[SPEAKER_01]: Am I spending money just to buy this dress so he can try to holl at me?
32:10
[SPEAKER_01]: If we don't address the root of the problem, not just pay off the balance.
32:17
[SPEAKER_01]: We will always create a balance to pay off because we never address the root.
32:25
[SPEAKER_01]: We have to break the emotional cycle.
32:30
[SPEAKER_01]: Cause I don't know about you.
32:31
[SPEAKER_01]: I can tell you go it up, down, up, down, up, down.
32:34
[SPEAKER_01]: I do good and go back down.
32:35
[SPEAKER_01]: I do good and go back down.
32:36
[SPEAKER_01]: Aren't you tired of that?
32:40
[SPEAKER_01]: So here's how we do it.
32:42
[SPEAKER_01]: Here's how we do it.
32:44
[SPEAKER_01]: You gotta audit your triggers.
32:45
[SPEAKER_01]: You gotta know what leaves you to spend.
32:49
[SPEAKER_01]: I saw this video clip of my boy Tim Ross that went viral.
32:53
[SPEAKER_01]: So many comments were silly.
32:55
[SPEAKER_01]: They were interesting and he said, man, you know, I'm a man, I'm a flesh.
32:59
[SPEAKER_01]: I know I know what triggers me.
33:01
[SPEAKER_01]: So I'm not going to go to the bar and sit down next to a beautiful woman, have a drink, sit down next to a beautiful woman.
33:07
[SPEAKER_01]: When I'm married, man, I know my triggers.
33:09
[SPEAKER_01]: I'm not even going in the bar.
33:12
[SPEAKER_01]: It's not even going in the bar.
33:14
[SPEAKER_01]: Some may say, oh, man, you gotta be mature enough to handle this.
33:17
[SPEAKER_01]: And some of you are not matured.
33:20
[SPEAKER_01]: And all of us are not mature in some area of our life.
33:26
[SPEAKER_01]: In some area of our lives.
33:29
[SPEAKER_01]: So you gotta know your triggers.
33:31
[SPEAKER_01]: And you gotta know what leads you to spend.
33:35
[SPEAKER_01]: And if that leads you to spend, run away from it.
33:42
[SPEAKER_01]: Here's how we do the end too.
33:44
[SPEAKER_01]: Not just those triggers, but set some healthy boundaries.
33:47
[SPEAKER_01]: Delete the Amazon app.
33:50
[SPEAKER_01]: Use pre-paid cars.
33:52
[SPEAKER_01]: Do a grocery freaking list.
33:55
[SPEAKER_01]: Stop going to the grocery store hungry.
33:58
[SPEAKER_01]: Who cares about Amazon day?
34:04
[SPEAKER_01]: I'm a car guy.
34:04
[SPEAKER_01]: I deleted it.
34:07
[SPEAKER_01]: Carvana.
34:08
[SPEAKER_01]: I deleted auto trader.
34:12
[SPEAKER_01]: Because when I'll get bored, I'll go and see, okay, what kind of cars are out there right now?
34:15
[SPEAKER_01]: Okay, what?
34:16
[SPEAKER_01]: Okay, we, oh, man, if I trade it in this, I'm gonna have to pay X amount of dollars so I ain't gonna be all that.
34:21
[SPEAKER_01]: Oh, shoot.
34:22
[SPEAKER_01]: You see, when I'm bored, when I have idle time, we got time to search.
34:32
[SPEAKER_01]: What's this?
34:32
[SPEAKER_01]: I can do that.
34:33
[SPEAKER_01]: No, you gotta set health boundaries.
34:38
[SPEAKER_01]: I put a timer on my Instagram.
34:41
[SPEAKER_01]: Throughout all they can do Instagram, Facebook, Twitter, what hour a day?
34:49
[SPEAKER_01]: Because I'm putting boundaries around my spirit in my eye.
34:58
[SPEAKER_01]: Here's not the thing we should do.
35:00
[SPEAKER_01]: We place the reward.
35:02
[SPEAKER_01]: If you shop to feel good, go on a walk.
35:06
[SPEAKER_01]: Build.
35:07
[SPEAKER_01]: Journal.
35:08
[SPEAKER_01]: Go play golf.
35:10
[SPEAKER_01]: Go workout.
35:12
[SPEAKER_01]: Go play tennis.
35:13
[SPEAKER_01]: Go watch a good movie.
35:15
[SPEAKER_01]: Go read a good book.
35:18
[SPEAKER_01]: Something that actually serves you in your future.
35:21
[SPEAKER_01]: You see, the kill your dead?
35:23
[SPEAKER_01]: You don't just attack the balance.
35:26
[SPEAKER_01]: You attack the behavior.
35:29
[SPEAKER_01]: One of the things I love about
35:37
[SPEAKER_01]: therapy, is that healthy therapy doesn't just address the problem it gets to the root of the solution.
35:47
[SPEAKER_01]: Not the solution, the root of the problem, because when we can get to the root of it, we have a solution that then will come out of us.
36:01
[SPEAKER_01]: And this is one of my reasons why I take off, and I don't shoot any shows in a month of July.
36:07
[SPEAKER_01]: because I want to make sure that I'm maintaining my health and that I continue to get to the root of me.
36:13
[SPEAKER_01]: And there's so many things that... Hmm.
36:20
[SPEAKER_01]: So this is... I try to stay away from this kind of stuff because as I'm in, I don't want to preach.
36:25
[SPEAKER_01]: I want to stay on money, but I just hear God saying that some of you all are experiencing family drama, friendship, drama, personal drama, because you have not allowed God to get to the root of you.
36:39
[SPEAKER_01]: You have not watered yourself to allow your roots to get to what it.
36:50
[SPEAKER_01]: Some of you think you're doing the right thing.
36:52
[SPEAKER_01]: With your money, you're doing the right things with your relationships, you're doing the right thing with your families.
36:59
[SPEAKER_01]: but your root is jacked up.
37:00
[SPEAKER_01]: It's not connected properly.
37:03
[SPEAKER_01]: When you've played the seed, if you don't water it, the roots cannot get the depth that it needs to get the fuel that it needs to grow stronger and taller.
37:15
[SPEAKER_01]: And the reason why some of y'all, so shallow with your spending, oh my gosh, you're so shallow with the things, it's because you haven't done the proper watering within your life and within your money.
37:30
[SPEAKER_01]: So I know this journey feels heavy, but you didn't come this far to stay stuck and to not get the depth of what you need.
37:40
[SPEAKER_01]: So don't wait to be perfect.
37:43
[SPEAKER_01]: Don't wait for permission.
37:45
[SPEAKER_01]: Raise your value, monetize what you know, and break the habit, break the system that's blocking you.
37:54
[SPEAKER_01]: You don't need a magic wand?
37:55
[SPEAKER_01]: Heck, let's be honest.
37:57
[SPEAKER_01]: Some of you don't even need a miracle from Jesus Christ.
38:01
[SPEAKER_01]: You simply need a real plan.
38:04
[SPEAKER_01]: And the courage to step out and to act with me.
38:12
[SPEAKER_01]: I'm a editor.
38:14
[SPEAKER_01]: I'll see you on the next one.
38:15
[SPEAKER_01]: Peace out.