Today, we're talking about something so important but most people do not want to talk about.
We're going to talk about how to save money.
But I'm going to take it a step beyond.
And I'm going to be sharing the 3 faces today of how you can go from being a tight saver
to literally having anything you could ever want.
Check it out.
I was forced to be a saver in my early 20's.
I just started attending college a year later, I married the woman of my dreams.
And we had debt.
I've got a fulltime job and she also had a job and we we're doing our best to balance
everything.
But more importantly, we're trying to avoid going into student loan debt.
So, having a job to pay for college and being a full-time student, that was stressful to
say the least.
We were not successful.
We did not make enough money to be able to pay for all the bills.
My wife just didn't feel comfortable with like government debt.
So, we use credit cards instead.
And we got to the point where had $8,700 of credit card debt.
I remember I freaked out.
I'm like, "Okay, I've got to become one of the world's best savers."
And my wife and I, we developed this thing called KPPPM.
Stood for Kalen's Parent's Penny Pinchers Month.
They were notorious penny pinchers when they got first married.
And we we're inspired said, "Hey, right now, if we keep going into debt, we wont be able
to afford the payments on our debt.
And it doesn't matter how much money we make, we'll never get out of debt."
So, we were so worried and scared that we went...
Fear drove me to become an amazing saver in the beginning of my marriage.
Because getting out of debt become a really high priority so it wouldn't over take us.
If you've ever been on debt before, it's not a good feeling.
And there's a certain amount of debt that you can afford and pay for.
But there's a point which it's just too much and you can't afford the payments.
And then it just avalanches all over you.
So, I became a saver out in necessity.
But I want to share with you strategy that I use to get myself out of debt.
And it wasn't saving.
Because I couldn't save enough money to get my self out of debt.
I was going to have to try something different.
Today, I hope that what I am about to share will inspire you not just to become a great
saver.
But really to save for specific purpose.
And that purpose is this: In life, you can be a saver, you can be a spender or you can
be an investor.
And the reality is that all 3 of them are important.
The spender is maybe the more materialistic person that just wants to splurge and live
it up today.
And they want to buy themselves drinks and they want to go partying and they want the
nicer car and they want the nicer house and the nicer clothes.
And they just want it all now.
And that's the spender persona.
On the opposite extreme, you have the saver.
The saver is so good at cutting corners and saving on hear and their money.
And at the end of the day, they don't have a lot a fun in life.
The tend to be a little bit more crotchety, a little bit of a over attentive.
But you know what?
They've got something that spender doesn't.
They have money because they don't spend money.
And then, you have one other key persona.
This is the investor.
The investor is the person that realizes I will never save enough money to get where
I want to go.
And if I want to be a spender someday, like if I want to enjoy the nicer things in life,
how am I going to get my self there?
I'm going to need to invest.
Now, the investor, the spender and the saver are all important.
And there's a proper sequence that you should be emphasizing during 3 different phases of
your life.
You at your age right now, if you haven't accomplished a lot financially, check it out,
figure out which phase you're supposed to be.
And let me show you how I in 4 years went from, being financially poor in debt to moving
into a ten thousand square foot home and living the lifestyle dreams of my life.
Okay, the first phase, this is what I call living check to check.
And when you're living check to check, it's really important that you're doing things
in the proper order.
And this is what it looks like.
The first priority is on saving.
The next priority is on investing.
And then the last priority is on spending of which you should probably do very, very
little.
And if you can actually make this your pattern, then being saver so that you can invest is
what you'll do to get yourself out of check to check bind.
Once you've been able to actually accumulate some money, your going to go into 2 different
phase.
This is phase 2.
This is called the investment snowball.
I'm going to call it S-ball.
The investment snowball essentially means that you now have enough savings that you're
not panicking.
You can sleep well at night.
But you accumulated enough money that your new focus is right here.
Your investing first.
Everything is about investment.
It's not a nicer car.
It's not a nicer house.
You're saying, I'll have all those things down the road.
I've got to become an amazing investor now.
And then after you invest, you're going to replenish and add even more into your savings.
And then you're going to be able to do some spending.
This is the period where you're actually taking a little bit and you're turning it into a
lot.
In real estate, I double my money every 5 years.
When I start using other people's money, it becomes exponential returns or infinite.
It's freaking wild.
If you can go through these 2 phases, you're going to love this last one.
Phase 3 is now called the privileged life.
And with the privileged life, this one looks a little bit different.
Here's spending was the last priority.
Here, the spending was the last priority.
But now, spending gets to be a first priority.
You now can live in the house of your choice.
You can drive the car of your choice.
You can get a private jet.
For some of you that really take this to the extreme.
But the bottom line is there's a lot more travel and there's a lot more fun.
Now, by the way, do not ever equate spending with fun.
You should learn how to have some fun here that doesn't require lots of spending.
Some fun here doesn't require that doesn't require a lot of spending.
Now, phase 3, the privileged life is may investment is paying everything I want.
So, guess what?
Now, I'm going to spend and I also have the ability to continue to continue investing.
And I also have the ability to save some money.
The orders get reversed.
I wanted to show you this today, because here's what I hope you walk away with.
I hope you understand that there's a time for your day in the sun.
To be out and play, to be tossed up in the beach, to be travelling the world and yo be
living at large.
But when you do it when you had little in the beginning,, then you'll never sustain
at long term.
Basically, you're going to live it, you're going to enjoy it a little bit and then it's
going to be gone.
For this plan to work, you have to become a master of investing.
And when I wrote this book, The Straight Path To Real Estate Wealth...
I've written several books but this is the one that I want to get out to you and put
your hands so much so that the book is actually free.
I've paid for it.
I've paid for it's printing and this is a road map to making your first and several
millions of dollars.
I asked that you cover the shipping on it.
So, if you click the link below, the book is otherwise free and yours.
But the reason why I put all this together is because I want you to have it all.
And for you to have it all, for you to live life on your terms.
To live that addage of being with you want, when you want, who you want.
Living how you want.
You can have all of that.
But you see there's a way and an order in which life needs to be lived.
And then in the beginning, it's really important that you learn that it's not about having
it all in the beginning.
You got to learn how to have it all here and have it all here.
You focus on getting your joy and your excitement out of the things that have an intrinsic value
instead of external value.
And so, you don't have to live in a nicer house to feel more abundant inside.
You learn how to be happy with what you got.
You learn how to be happy with a smaller life, a simpler car or taking even public transportation.
Doing that and putting all that money towards investing will give you a time in your life
when you can also say, "Hey, now we don't feel just joy internally.
I'm glad that I trained that."
But now, I got to feel it...
I get to add to it externally because I am travelling around the world.
I'm spending time with more of my loved ones instead of a job.
You simply have a lot more freedom to live the life that you want.
But it does require you to reverse that spending habit and turn it even from saving really
into investing.
Hey, thank you so much for watching today's video.
I hope it was useful for you.
Understanding the different phases of life and figuring out where are you and where should
you be.
I think those are 2 important questions.
Have you been more saver?
Have you been more of an investor?
Have you been more of a spender?
Regardless of what you've been, decide right now.
Who do you need to be right now.
What does your priority need to be on.
And then figure out what are the habits that I need to pick up today, to make that possible.
If you're not sure how to invest, if you don't know how to make the big money, then this
book will show you how to produce returns lightyears ahead of 401k's IRA's, the stock
market.
Boring things like that that frankly a lifetime of still can't create enough of what you want
to really be a spender that you can enjoy some of the nicer external things of life
as well.
This book can definitely show you the way.
That's why it's called The Straight Path to Real Estate Wealth.
And everything that I poured in to this book, I dedicate to you my friend.
Thank you so much for joining today.
If you're a subscriber, thank you very much.
Have you run that bell?
I come out with videos every single day and they're all designed to help you learn how
to rock it out in real estate, in business, in wealth.
But also in the basic foundation of a psychology that will help you be happy and successful
right now.
So, check it out.
See some of the other links in the description below that I provide to help you have the
most successful life possible.
And who knows?
Maybe I'll catch you live at one of my next events where we're changing people's lives.
You could be next.
Take care and we'll see you tomorrow.