One dollar can multiply to over a million bucks. In this episode,
I'm going to explain how a parable in the bible has made many people in America millionaires.
Get ready. Maybe you've never heard of this but it's very enlightening.
So, my name is Doug Andrew and I've been a financial strategist, a retirement planning
specialist for more than 4 and a half decades. But during that period, I've helped many many people
accumulate millions of dollars starting with very little. I'll share a story at the end how I have
helped many teenagers start with $2 and turn it into a million bucks in less than 10 years. But
to set the stage, I want you to understand that one of my favorite stories actually a parable in
the new testament is found in Matthew. Now, whether you're Christian like I am or not,
I'm going to go directly to the parable because I can't do it justice any more than the author,
the Lord himself telling this parable. And I'm going to stop and give some commentary and then
at the end, I'm going to connect the dots and show you what this means and how this parable this
story with a meaning has helped many people become millionaires and multi-millionaires. So, let's go
into the actual parable. Bear with me. I'm going to read it because I want to do it verbatim and
then I'll stop and make commentary as we go so that you can be framed with the actual story
and then I'm going to tell you what it means and how you can apply this. So, we're going to
begin in Matthew chapter 25. That's the first, gospel verse 14. And it goes through verse 30.
And the parable starts out, "For the kingdom of heaven is as a man traveling into a far country
who called his own servants and delivered unto them his goods." Okay? Now, these are referred to
as talents. Talents has a double meaning. It could be our talents of playing the piano
or speaking any talent but at that time talents, were also used as a form of money, okay? "And
unto one, he gave 5 talents. To another 2 and to another 1." Maybe you've heard this story.
"And to every man according to his several ability." Hmm. So, maybe that tells us that
god gives us talents according to our ability to be able to multiply those talents based upon
our ability where we progressed and so forth. And he straightway took his journey. Now, he's going
away on a journey. Most journeys take a little while, right? So, we're going to go away for
a little bit. "Then he that had received 5 talents went and traded with the same and made them other
5 talents." He doubled his. "And likewise, he that had received 2" did what? "He also gained another
2". So, he doubled his talents. "And he that had received one went and digged in the earth
and hid his lord's money." Why did he do that? Hmm... We'll find out. Beginning in verse 19,
"After a long time..." So, the lord was gone that gave them the talents. It seems like for a long
time and came back. So, maybe this was 5 years, 7 years, 10 years. "And he cometh and reckoneth
with him." So, he's going to find out what they did with the talents that he entrusted to them."
And so, he that had to receive 5 talents came and brought other 5 talents. "Look I've doubled mine.
Here's another 5. Saying, "Lord, thou deliverst to me 5 talents. Behold, I have gained besides them 5
additional talents." Wow. So, what does the lord of the servants say? His lord said unto him,
"Well done thou good and faithful servant. Thou hast been faithful over a few things.
I will make the ruler over many things" where much is given much is required. And when you are
entrusted, if you multiply your talents instead of maybe burying them, they wither up and die if you
don't use them. If we're talking about talents of speaking or working or playing music or whatever
enter. "Thou into the joy of the lord." Wow, that sounds pretty good. What about the one with 2?
He also that had received 2 talents came and said, "Lord, thou delivers done to me 2 talents
and I went and I gained 2 additional talents." And what did the lord say to that servant, okay?
"Well, done good and faithful servant. Thou has been faithful over a few things.
I will make thee ruler over many things enter thou into the joy of thy lord."
Wow. Okay. Way to go. High 5. Okay? High two maybe to the second one. Now,
what about the one that hid the talents? That buried it? When we read different versions,
maybe you hid it in a napkin, you buried it in the earth. Why did he do that? He was afraid.
Then he which had received the one talent came and said, "Lord, I knew that thou art and hard man.
Reaping where thou hast not sown." What does that mean? Receiving benefit from things that maybe
physically people didn't see him actually going out and sowing the seeds or whatever
but he reap some profits directly or indirectly from his endeavors or whatever. "Where thou
hast not strawed and I was afraid. And went and hid thy talent in the earth lo
there that thou hast is thine." His lord answered and said unto him,
"Thou wicked and slothful servant." Now, I don't know if you know this. I used to teach Matthew,
Mark, Luke, and John at an institute of religion. I don't think the lord said that harsh of words to
anybody else even the woman taken in adultery. "Thou wicked and slothful servant. Thou knewest
that I reap where I sowed not and gather where I have not strawed. Thou ought us therefore to have
put my money to the exchangers." Now, who are the exchangers? In today's vernacular, it could
be stock market exchanges. It could be banks, credit unions, insurance institutions. Put your
money to work in other words, right? "Then at my coming, I should have received my own with usury."
In other words, in other versions of this parable in the scriptures,
it talks about, "You should have put my money at least in the banking with us..." What's usury?
That's usually interest they're charging or paying interest. There's 2 people here and I'm going to
come back to that. He's being rebuked because he hid it. He buried it because he was afraid
to go out and multiply the talent. In 28, starting "Take therefore the talent from him..." the one
who buried it "...and give it unto him which hath 10 talents." Ever since then, the cry
babies of life have been saying, "Oh, then what has gets?" Yeah. Because they think life is unfair
because they didn't go out and work and multiply the talents and so they wither up and die.
They're taken away and given to the one that actually was responsible and accountable
and multiply the talents. For unto everyone that hath shall be given. And he shall have abundance.
Who gets abundance? The ones who multiply their talents. They're grateful. They put it to work.
"But from him that hath not shall be taken away even that which he hath."
And cast ye the unprofitable..." It sounds like we're supposed to
be in pursuit of a profit or growth. We're here to grow, to expand.
"Cast the unprofitable servant into outer darkness and there shall be weeping and gnashing of teeth."
And some people go, "Yeah, life's so unfair. I was just trying to be careful I just wanted to
bury my money in a mattress or my backyard" or whatever. So, what does all this mean?
As I read that parable and I watch those who get it, I have interviewed many, many millionaires,
multi-millionaires and billionaires who quote this parable and how it changed
their life. Because if you put your money to work and you double it like the one with 5 double to 10
and the one with 2 double to 4, how fast can you double your money? If you're earning 7%,
you'll double your money about every 10 years. If you're earning 10%, you'll double your money about
every 7.2 years. People say, "Golly, that takes too long." No. The 8th wonder of the world that I
explained in another episode on this channel talks about compound interest. Especially tax-free is
the 8th wonder of the world where you could start out with 100,000 and it doubles to 200(thousand),
200(k) to 400(k) and so forth. I've had many, many clients who worked very hard and the hardest money
to obtain was the first 5,000. But they didn't have to add a dime. They took 500,000 and it
doubled to a million in 7 and a half years. That million doubles to 2 million by the 15th year.
2 million doubles to 4 million by the 22nd year. In the 30th year, they have 8 million bucks.
Because 500,000 was put to work conservatively doubling every 7 to 10 years. And people say,
"Where can you do that?" Well, that's what I'm passionate about. And my favorite vehicle that
helps you compound is what I call the Laser Fund. But before I share that with you, let me connect
a few dots and tell you a story of how I helped some teenagers become millionaires with $2. So,
years ago, I was in charge of a special event with 200 teenagers. And they had been used to gathering
every October in order to hear an inspirational message. And there was a budget of 400
for 200 teenagers, 2 bucks each for refreshments. You know, punching cookies. And I said, "No,
we're going to use that 400 different." And so, I explained the parable of the talents to these
teenagers. And I said, "Now, every one of you when you leave, we're not going to have refreshments."
You're all going to get $2 in a white envelope. These are your 2 talents. And I want you to go
out I know you're busy in football, cheerleading, debate and so forth. But we're gonna return and
report here in 6 weeks and see how many times you doubled your money. And here's what you can do.
You take the two dollars this is your seed money. You could buy gas for a lawnmower and you could
offer to mow lawns and see how many times you can double the money." For the young ladies, I said,
"You could buy ingredients to make a pizza. You know, the cheese and the tomato sauce and the
dough and so forth. And you could sell a pizza for $6. You take the four dollars profit because
it cost you $2. And then you make another pizza and then 2 and then 4 and then 8 and then 15,
then 32. See, how many times you can double the $2. You could sell driveways you could strap water
heaters to make them earthquake proof." I gave them all kinds of ideas. "You could babysit."
So, we shoot out uh 200 teenagers. And I remember one of the fellows with me said, "I think we just
kissed goodbye 400 bucks." I go, "No. Wait and see." Now, I told the teenagers that maybe some
of them would come back and sheepishly return the $2 that we gave them. And it wouldn't even
be the same $2. They would be likened to the one with one time they buried it. But some, it would
change their life. Six weeks later, I had a hard time picking on volunteers to share their stories.
One young man bought gas and oil for lawn mowers and he started to mow lawns and mowed more lawns
and more lawns. Pretty soon he had turned his $2 into $400. My $2 daughters combined their money
together and sold firewood because they gathered firewood and sold it. We had all kinds of stories
of painting, fixing, babysitting. One gal bought suckers at the drive-in every time somebody
ordered a hamburger and a shake. She would say, "Would you like to buy a soccer for project share
because we were going raise the money and give it away to the primary children's medical center?"
Now, that's a hospital that never turns away a child for lack of funds. And so,
there's all kinds of donations. Do you know that these little self-centered stingy teenagers in 6
weeks turned $400 into over 4,000? They 10 times that. Way to go. Now, we went out in one more
night and doubled it to 8,000. And we were able to give away to the hospital $8,000. And also
some wonderful gifts to charities, and nursing homes. But here's really the end of the story.
I occasionally run into some of those teenagers and they say, "You remember me,
Mr. Andrew? I took $2 and turned it into $400 in 6 weeks mowing lawns.
Have you heard of XYZ landscape and lawn care on the radio?" And I go, "Yeah."
"That's my company." I thought, "Why stop?" "And so, now, I have 20 crews and we make over
a million dollars a year. And we give 50,000 to the hospital every year. I just thought you
would like to hear that." Yeah. He turned into a multi-millionaire starting with 2 bucks. Another
young man, he had some allergies. He realized that he had a lot of gluten sensitivities and so forth.
And he heard how to write a book because I taught them how to go out and take your learning
experiences and write them down and he became a best-selling author and it all started with $2.
We've done this dozens of times with youth. Now, this is the parable of the talents.
This has helped many, many people learn how money works to be able to put money to work. My
favorite instrument to do that is in a tax-free compounding account that I call the Laser Fund.
It's a max-funded indexed universal life insurance contract where I have earned net internal rates of
return between 7 to 10 percent tax free which has helped not only myself but many people
sock away 500 a month, $1,000; 50,000; 100,000. It doesn't matter what you begin with. iI's what
you end up with. But as they earn those rates of return, people suck away $500 a month with
compound interest. And you do that for 30 years, you'll have over a million dollars. Or you can
start out with 125,000 that doubles to 250, that doubles to 500, that doubles to a million,
that doubles to 2 million. Or like the people that I shared with you that started out with 500,000
and now they have 8 million dollars by simply following a parable in the bible. So,
if this is intriguing you, I would recommend that you share this video with others.
Comment, subscribe, click the little bell so you'll be notified. I post an in-depth answer
to a financial question almost on a daily basis on this channel. Three-Dimensional Wealth. But if
you'd like to learn more about compound interest and how this parable has helped many, many people,
I want to gift you a copy of my most recent best-selling book. It's shown here on the screen.
It's actually 2 books in 1. The white-covered side is 200 pages,
14 chapters with all kinds of charts and graphs. If you're a right-brain learner with the stories,
you turn it over, you read the orange color side. It's about 100 pages, 12 chapters with 62 actual
chicken soup for the financial soul stories. If you'll just go to laserfund.com or click below,
you contribute a nominal amount towards the shipping and handling. I'll cover the rest of
that. I'll pay for the book and fire out a copy to you. And this will help you on your journey
to becoming a millionaire by applying compounding and multiplying your talents.