So, you see me talk a lot about money on this channel. And the reality is you know,
what is the point of money? If we really are to question. I'm sure you
watch a lot of videos about money. But the purpose of money is for many people
to generate wealth. Or for me it's to generate wealth. But what is the purpose
of wealth? Well, the purpose of wealth is freedom. And in this video, I'm going to be
talking about kind of how money relates to freedom and how we can so often lose
sight of that goal. And how I personally have lost sight of that goal many times.
But I've made a commitment to myself not to ever lose sight of the true goal and
it's not making a ton of money. It's about freedom. So, the purpose of money
for me is to generate freedom really. And you know... And freedom through wealth. And
it wasn't always this way. You know, I when I was you know... When I first got it
you know started in business, I was I was in college. And I was just dead
broke. And I mean you just... It sucks being broke. You are confined. You know, no
matter what you're confined from all angles. You can't afford all the food you
want. You can't afford to live where you want. You can't afford to go where you
want. You're just confined in so many... Just
basic choices in life. And for me, the you know, not being able to
live where I wanted, it really sucked in LA. Because in LA, you have to live
somewhere out in the burbs and you have to drive really far to get anywhere to
see your friends or to see your family or to go to bars or whatever. And it
isn't a lot of fun. and it isn't a lot of fun because you know I remember growing
up I hung out with a lot of you know, there are a lot of rich kids around me. I
grew up in an area where there were a number of rich people. and I I remember
they would invite me out to lunch or dinners. You know, they did
invited me out to go to bars with them. And I remember one time we were eating
at a sushi restaurant in somewhere in like you know Melrose or something. And
the bill came and he said, "Okay, let's you know, let's split it all up." And my
portion of the bill was like $85. And I just thought, "I can't... I don't have that
sort of money. Like this is all the money I have right now." Like... And I didn't
want to I didn't want to seem not cool by being like... I don't have any money on
me or you know... My credit card... You know, I didn't want to seem weird like that.
So, money just... You know, it keeps you from a lot of situations. And I see that in
marketers too. So you can be... You cannot have enough money but the other
side of the coin is you can lose sight of what money's for and people can take
it the wrong way. And so many marketers in this industry, you may think John
spends money like just crazy. But the point the actual reality is I am a crazy
saver. I put putting all of my money into my retirement account. I put all my money
into savings accounts. I put it away. I keep it safe because the purpose of it
is to retire. The purpose of money is to put it away very conservatively. Let it
earn 4% interest a year and just be super conservative with the money that
you make. So, that it can eventually buy you freedom. And you figure for each
million dollars you have in a retirement account that you or in the bank after
taxes, that you will earn 4% a year on it. So, if you have a million dollars, you can...
If you if and if you can live off of $40,000 a year,
you'll make $40,000 a year off of a million dollars. Not doing anything. Not...
Nothing. Nada. Zip, zilch, zero. You just sit back you do whatever you want and
that $40,000 a year will come in. Now, you have 5 million dollars in the bank
and you will make $200,000 a year. So, five million dollars can afford anybody
a very comfortable retirement. My goal is a little bit higher than that
it's 6 million dollars in the bank tax-free out in my
personal name. Now on my company name. In my personal name. 6 million in the bank
tax-free. And I'm not at that point yet. But I'm getting closer. And that's the
goal for me is creating freedom. And I believe the goal of everyone here... The
goal should not be to buy a fancy car. This is vain. And that takes away from
your freedom. Because I look at it like this: Every dollar that I spend in an
unfrugal way is taking away from my freedom. My ability to just be a person.
And not enough people talk about that. So, many people lionize spending money. And
you know what it doesn't matter if you aren't making a lot or if you are making
a lot. You can go broke either way. So, even if you're making a hundred dollars
a week or if you're making a hundred dollars an hour, it doesn't matter. You
should be saving up money because that money will eventually put away in a
retirement accounts or just safe places. I'm not gonna get into investment
schemes here because I'm not an investment scheme kind of guy. What I
care about is freedom. And do whatever you can to create freedom in your life
because that is the light at the end of the tunnel. That is the purpose. Business
is hard. And I don't just do this for myself, okay? I don't just do this for
myself. I do this for my kids because I want my kids to be able to do whatever
they want in life. Regardless of if it pays them money. And that's how people
should be meant to live. You know, I have a friend who works so hard to give her
kids the ability to just play music for a living. And that's really meaningful
because she's allowing her kids to just do what they love. And just be people and
not have to worry about all of the details and the aggressive negotiations
or the sales of a marketing or the accounting and the financing and the
negotiating your tax bill. And do you know knowing all the legal codes to
figure out how to save money. Business involves a lot of work. Managing people,
all sorts of stuff. Business involves a lot of headaches. No matter what business
you're in. I mean... You know what? I like I like doing YouTube. I love doing
marketing. But the fact of the matter is... Yeah. And I and I hear this BS all the
time. You know, people say, "Oh, you know... Do what you love. Do what you love. Do what
you love." You know what I love? I love going on long camping trips. I love going
kite surfing. I love going skiing. I love spending time in my pajamas with my
family just all lying on our California king-size bed with my family, my
daughters and my dog and my cats on it just hanging out. And the fact
of the matter is, I'm never going to get paid money to just go skiing or kite
surfing or camping or hanging out with my family. Now, sure you could make an
argument and say, "Well, you could start a YouTube channel about camping." But the
reality is then it becomes work. Okay? Now, marketing is cool. I like video games.
Marketing is kind of like a video game to me. And it's fun. The reward is great.
But at the end of the day, let's be real here. The purpose of money is to generate
wealth and that is the purpose to generate freedom. So, let's focus on
freedom. And this is just more of a somber video. But I just want to give you
a counterpoint to all of the crazy money you see and the money guns. They're all
coming back. They're going to be there in the next video, don't you worry. But I
just want to let you know if you didn't... If you if you think I just
spend like crazy, I'm actually very conservative my money and I hope you
make a commitment as well to take back control of your finances. And understand
that that light at the end of the tunnel... If you... You know I talked a lot on this
channel about taking back control because I believe this is the most
important thing in life. I believe our lives have been sabotaged from so many
angles. The average human being is under so many systems of control. The education
system of control, the corporate system of control, the financial system of
control. That brings us down and bleeds us dry.
Leaving us with nothing at the end of the day. At the very least, I'm going to work
my darndest to get my freedom. And I'm not going to stop until I do. And I'm making
ways and I intend to go out into the sunset. Hopefully sometime soon though.
Subscribe the channel, enjoy the videos and until I'm fully retired which I
don't know how long they'll be. I'll keep dropping major knowledge bombs for you.
So again, hashtag take back control if you are committed. Subscribe to the
channel. As always liked this video if you enjoyed it. If there's any questions
you have for me about how I live my life and with my finances or anything
personal, this is a great video ask that question about it. aAything personally have
questions about, ask it here. And I'd love to give you some answers. Have a good day.