[SPEAKER_00]: That financial advice that's been handed to our community was written by people who never really had a true financial struggle.
[SPEAKER_00]: And honestly, I'm going to be, and today's episode, I'm done pretending that it applies to us the same way.
[SPEAKER_00]: If you have a thousand dollars in the bank right now and nobody in your family has ever built real wealth, what I'm about to share with you is going to change, I think, a lot of things for you.
[SPEAKER_00]: I know who's watching this, you're not broke, you're not irresponsible, you have a good job, you actually did something that most people in your family never did, you say a little some, but right now you're sitting there looking at that number and you feel this mix of being proud and also a little bit of being paralyzed.
[SPEAKER_00]: because nobody ever showed you what to do next, how to build true wealth and you're not going to ask for help, because some of you just don't want to look like you don't know what you're actually doing.
[SPEAKER_00]: So today's episode is specifically for you.
[SPEAKER_00]: Now, here's what the internet is going to tell you, and this is what honestly a lot of you all are thinking I'm going to be telling you.
[SPEAKER_00]: Hey, put that thousand miles outside of Ohio, same as the count, start your emergency fund, maybe open it to the Roth IRA if you're feeling a little ambitious.
[SPEAKER_00]: And let's be honest with you, that is not that advice, but it is incomplete advice.
[SPEAKER_00]: Because in my latest book and stopped living paycheck to paycheck, I believe that philosophy
[SPEAKER_00]: the step that determines whether the thousand-dollar grows into something real or disappears back into the same cycle you've been trying to escape from.
[SPEAKER_00]: And that step has nothing.
[SPEAKER_00]: I mean, as far as there's nothing to do with where you put your money.
[SPEAKER_00]: It has everything to do for the what you decided that money means.
[SPEAKER_00]: I remember the first time I had a thousand-dollar saved.
[SPEAKER_00]: I was in my late 20s, I was selling cars at the time, and I had been grinding, cutting back, saying no to things I wanted, not telling what my boy is like that.
[SPEAKER_00]: Doing everything I was honestly supposed to do.
[SPEAKER_00]: And I remember opening up my banking app and seeing that number of thousand dollars.
[SPEAKER_00]: And feeling something I have never felt before in my life.
[SPEAKER_00]: I felt like I had just crossed the finish line.
[SPEAKER_00]: I felt like, okay, things are changing for me.
[SPEAKER_00]: And then that evening, my phone rang.
[SPEAKER_00]: It was a family member, technically it was a friend who I considered to be a family member.
[SPEAKER_00]: They needed some help.
[SPEAKER_00]: And I remember that feeling, that pool between protecting what I had just accomplished in just build and taking care of that particular family
[SPEAKER_00]: Because that is a tension at no body, and mainstream person finance ever talks about.
[SPEAKER_00]: The pressure that comes with being the first one to have something in a community where everyone around you is still somewhat struggling.
[SPEAKER_00]: They're still living paycheck to paycheck.
[SPEAKER_00]: I almost, from being honest, gave it all away.
[SPEAKER_00]: Not because I was weak, but because I honestly loved my family member.
[SPEAKER_00]: And I didn't have a framework for what to do in that specific moment.
[SPEAKER_00]: That's why today's episode is going to be a strong one.
[SPEAKER_00]: I'm not just going to go through five moves, but I'm going to give you a framework that protects you while you're building.
[SPEAKER_00]: This is going to be a good show.
[SPEAKER_00]: This is going to be a powerful show.
[SPEAKER_00]: And if you've got five, I say not five.
[SPEAKER_00]: Only exaggerate.
[SPEAKER_00]: If you have 15 minutes, stay with me.
[SPEAKER_00]: Because by the time we are done, you're not just going to know what to do with $1,000.
[SPEAKER_00]: They're going to understand why.
[SPEAKER_00]: And that's what makes it stick.
[SPEAKER_00]: Let's get on.
[SPEAKER_00]: Move one.
[SPEAKER_00]: Move one is, I will say protection.
[SPEAKER_00]: And I need you to kind of reframe what that word means, because most financial advice would tell you that your thousand dollars is your protection.
[SPEAKER_00]: That is your emergency fund.
[SPEAKER_00]: Done, box check, all right, let's move on.
[SPEAKER_00]: But here's what that framing is missing.
[SPEAKER_00]: If your $1,000 is your emergency fund, watch this, it's also your everything fund.
[SPEAKER_00]: It's your car repair fund, it's your, my hours got cut at work fund, it's your somebody and your family needs something fun.
[SPEAKER_00]: It's, I got to help my child fund.
[SPEAKER_00]: And when one thing hits, it's gone.
[SPEAKER_00]: And now you're starting over.
[SPEAKER_00]: So here's the refrain.
[SPEAKER_00]: Here is the refrain.
[SPEAKER_00]: Your $1,000 is not your emergency fund.
[SPEAKER_00]: I call it your seed fund that grows your emergency fund.
[SPEAKER_00]: And that distinction changes how you protected.
[SPEAKER_00]: Now, let's get practical here, let's get real practical.
[SPEAKER_00]: And I'm not so practical, I want to get very specific.
[SPEAKER_00]: This money does not live in your regular checking account.
[SPEAKER_00]: It does not live somewhere.
[SPEAKER_00]: You can see it every time you open your banking app.
[SPEAKER_00]: Honestly, it should be living inside of a high-year old same as a count.
[SPEAKER_00]: Somewhere where friction is required to touch those funds.
[SPEAKER_00]: But here's something that's very, very important.
[SPEAKER_00]: The hardest threat to your $1,000 is not an emergency.
[SPEAKER_00]: It's a request.
[SPEAKER_00]: It's the family member who needs $200.
[SPEAKER_00]: It's the friend who's short on rent.
[SPEAKER_00]: It's the girlfriend of the boyfriend who you want to help.
[SPEAKER_00]: It's the cousin with the business idea.
[SPEAKER_00]: And I'm not going to sit here and tell you those people do not matter because they honestly do.
[SPEAKER_00]: But I am going to tell you something that I need you to get.
[SPEAKER_00]: We cannot pour from an empty cup.
[SPEAKER_00]: And we cannot build generational wealth
[SPEAKER_00]: So protecting this $1,000 is not selfish.
[SPEAKER_00]: It is the most loving thing you can do for every single person who comes after you, specifically your children, children.
[SPEAKER_00]: I wanna talk about how to handle those requests and move three before right now, I need you to protect your seed.
[SPEAKER_00]: This is family.
[SPEAKER_00]: If your savings account is earning less than 1%, you're literally donating money back to the bank.
[SPEAKER_00]: You see, traditional savings accounts are paying pennies.
[SPEAKER_00]: While high yield savings accounts are paying dollars and the gap is costing you real wealth every single year.
[SPEAKER_00]: I want to get real with you here real quick.
[SPEAKER_00]: When $10,000 a regular bank might pay you $40 a year, but a top high yield savings account, that's $400 to $500 a year, just for moving your money.
[SPEAKER_00]: That's hundreds of extra dollars in your pocket.
[SPEAKER_00]: No extra work, no risk, and your money stay safe, and FDIC in short.
[SPEAKER_00]: Nearly 1 in 4 Americans have zero emergency savings, and most who do are missing out on free money.
[SPEAKER_00]: By leaving their cash and lazy accounts, the highest savings account is the fastest, simplest upgrade you can make to hit your emergency fund and short-term goals faster.
[SPEAKER_00]: So, listen, stop letting your heart earn dollars say lazy.
[SPEAKER_00]: Visit anthonyonil.com for SaaS savings.
[SPEAKER_00]: Compare the best high your save as accounts and open yours in literally two minutes.
[SPEAKER_00]: Every extra dollar interest gets you closer to financial freedom.
[SPEAKER_00]: So please do not wait.
[SPEAKER_00]: Don't let another year go by earning pennies.
[SPEAKER_00]: Go to anthonyonil.com for SaaS savings.
[SPEAKER_00]: Let your money start working for you today.
[SPEAKER_00]: All right, let's keep back to the show.
[SPEAKER_00]: Check this out, family.
[SPEAKER_00]: Did you know that nearly 4 and 10 Americans still have zero money invested in the stock market?
[SPEAKER_00]: That's a gap where wealth is built or missed.
[SPEAKER_00]: If you're just saving you're falling behind because the market's average close to about a 10 percent a year for centuries while your savings account is barely keeping up with inflation.
[SPEAKER_00]: I want to make this plan.
[SPEAKER_00]: If you wait just five years to start investing, you could lose out on hundreds of thousands of dollars in future wealth.
[SPEAKER_00]: That's not hype, that's real math.
[SPEAKER_00]: The wealthiest 10% of Americans now own over 90% of all subs, because they started and they stayed consistent.
[SPEAKER_00]: But here's the thing, you don't need to be rich to honestly get inside of the investing game.
[SPEAKER_00]: With platforms like SoFi Invest, Public and Moomoo, you can open the account today, start with as little as $1 literally, and buy fractional shares of the same assets that have built generational wealth for millions.
[SPEAKER_00]: No commissions, 100% no excuses on your read.
[SPEAKER_00]: Listen, I need you to hear me clearly.
[SPEAKER_00]: Stop sitting on the sidelines.
[SPEAKER_00]: Go to amphonyomio.com for session best right now to compare the top investing platforms and opening your first investing account today.
[SPEAKER_00]: Your future self and your children's children will thank you for taking action right now.
[SPEAKER_00]: We have to start building well, not just watching others get rich.
[SPEAKER_00]: Do not let another year go by.
[SPEAKER_00]: That's my fact, don't let another day go by.
[SPEAKER_00]: Take the first step, family.
[SPEAKER_00]: Visit anthonylnew.com for Sasha and Best.
[SPEAKER_00]: Let's get to work.
[SPEAKER_00]: Let's start investing ASAP.
[SPEAKER_00]: Let's get back to the show.
[SPEAKER_00]: Move to is position.
[SPEAKER_00]: And this is where we get practical about where this money actually lives.
[SPEAKER_00]: I've said it several times, you all know this.
[SPEAKER_00]: A regular same as account is not good stewardship.
[SPEAKER_00]: I'm sorry, it's not because those accounts can be paying you anywhere between 0.01 to about 0.5% interest right now.
[SPEAKER_00]: So that $1,000 is going to get you about $5, right?
[SPEAKER_00]: That's not positioning your money.
[SPEAKER_00]: That is simply parking your money.
[SPEAKER_00]: Now, a high-year saves account, and there are several good ones.
[SPEAKER_00]: You can go to anthonyonil.com for SaaS savings.
[SPEAKER_00]: We should have that up on this screen right now.
[SPEAKER_00]: These accounts are paying your anywhere between 3.5 to up to 5% right now at the time of us recording today's episode.
[SPEAKER_00]: So in that same $1,000, that's about $40 to $50 that you'll get.
[SPEAKER_00]: just for your money sitting there.
[SPEAKER_00]: Now let's be honest.
[SPEAKER_00]: That's not life changed your money.
[SPEAKER_00]: But here's what it is.
[SPEAKER_00]: It's the beginning of your money working for you and set it for just sitting there.
[SPEAKER_00]: I know.
[SPEAKER_00]: Some of you are thinking, $40 a.m. That's it.
[SPEAKER_00]: That's what you're excited about.
[SPEAKER_00]: Because a point of move, too, is not the interest.
[SPEAKER_00]: The point of move, too, is about the mental aspect of this.
[SPEAKER_00]: I've watched people smart, disciplined, hardworking people, save $1,000 and lose it within the next 30 to 45 days.
[SPEAKER_00]: Not because an emergency hit.
[SPEAKER_00]: because it was in their checking account.
[SPEAKER_00]: And every time they opened their app, they saw it.
[SPEAKER_00]: And every time they saw it, it felt like a valuable money and a valuable money gets what spent.
[SPEAKER_00]: Separation is protection.
[SPEAKER_00]: Position your money somewhere intentional, give it a name, give it an assignment, give it a purpose and watch how differently you treat it.
[SPEAKER_00]: Now let's talk about move three.
[SPEAKER_00]: Let's talk one move three.
[SPEAKER_00]: This is when I told you that a lot of people skip.
[SPEAKER_00]: And I want you to understand why because it's not because people don't know about it, it's because it's the hardest one emotionally.
[SPEAKER_00]: It is.
[SPEAKER_00]: It was a hardest one for me because move three is about boundaries.
[SPEAKER_00]: I'm not talking about some self-help concept.
[SPEAKER_00]: I'm talking about specific financial, a specific financial skill that first generation wealth builders need more than any other group of people in this planet.
[SPEAKER_00]: Not in, but on this planet.
[SPEAKER_00]: I got to speed properly.
[SPEAKER_00]: the skill of protecting your financial progress from people who you love.
[SPEAKER_00]: Let me be honest with you.
[SPEAKER_00]: When you start building wealth and your specific family, and it hasn't happened before, you become a resource.
[SPEAKER_00]: Not because people are disrespectful to me, but because you're the one who has something, and the requests will come.
[SPEAKER_00]: They will come from people who you love.
[SPEAKER_00]: They will come at end-configured times, and they will come from a real need attached to them.
[SPEAKER_00]: And if you don't have a framework for how,
[SPEAKER_00]: to respond to these people, to these requests.
[SPEAKER_00]: You will either give them money and resented.
[SPEAKER_00]: I'm not resented, resented, or keep the money and feel guilty about it.
[SPEAKER_00]: Need out of those, or I would say, a good idea.
[SPEAKER_00]: So here's the framework.
[SPEAKER_00]: The three questions before any financial requests
[SPEAKER_00]: get approved for me.
[SPEAKER_00]: Here's what I ask specifically myself.
[SPEAKER_00]: And I literally, and I'm trying to say this respectfully because it just happened and I don't want to offend my family member, but family member who I care deeply about, called and asked me for a large lump sum of money that I did have.
[SPEAKER_00]: But even me because I'm such a generous person.
[SPEAKER_00]: I had to put a framework together for me because this move is what I skip over.
[SPEAKER_00]: So these are three questions that I ask myself and I want to encourage you to write these down.
[SPEAKER_00]: Here's question number one, can I give this request as a gift?
[SPEAKER_00]: not alone.
[SPEAKER_00]: And be completely at peace if I never see it again, because loans to family members are almost always gifts in disguise.
[SPEAKER_00]: The answer is no.
[SPEAKER_00]: He got to be honest.
[SPEAKER_00]: Question number two.
[SPEAKER_00]: Is saying yes, this is moving me closer to our
[SPEAKER_00]: You are allowed to have goals.
[SPEAKER_00]: Start a selfish question.
[SPEAKER_00]: Here's the last one, number three.
[SPEAKER_00]: In my saying, yes, I'd love or out of guilt, because those feel the same in the moment, but they produce very different outcomes.
[SPEAKER_00]: And here's the English.
[SPEAKER_00]: When someone asks, and the answer is no, you don't have to explain your entire financial situation.
[SPEAKER_00]: You don't have to justify your same as account.
[SPEAKER_00]: You can simply say, write this down.
[SPEAKER_00]: I love you, and I am not any financial position to do that right now.
[SPEAKER_00]: That's it, full sentence, no elaboration required.
[SPEAKER_00]: I love you, I'm just not any financial position to do that right now.
[SPEAKER_00]: I know this is going to be a hard move for a lot of you, because we were raised to take care of each other.
[SPEAKER_00]: We were raised to take care of our loved ones.
[SPEAKER_00]: And that is one of the most beautiful things about our community.
[SPEAKER_00]: but there is a difference between generosity and self-sabotage.
[SPEAKER_00]: And until you learn to tell the difference, your $1,000 will never become $10,000.
[SPEAKER_00]: Your $1,000 will never become $100,000.
[SPEAKER_00]: Saying no to a long request is not abandoning your family members and your loved ones.
[SPEAKER_00]: It is making sure you are still standing when they need you for something bigger in their situation.
[SPEAKER_00]: move for.
[SPEAKER_00]: I'm still stuck on that move three.
[SPEAKER_00]: It's loading motion for me, but here's move for.
[SPEAKER_00]: This is where I believe it is good.
[SPEAKER_00]: This is multiplication.
[SPEAKER_00]: Once you've 10000 is protected, position, and defended is time to make it work.
[SPEAKER_00]: And I want to show you something that nobody showed me when I was coming up, especially like in my high school days and my early 20s, I want to show you the math that changes everything.
[SPEAKER_00]: If you take a thousand dollars and invest it in a simple index fund, something that tracks at S&P 500,
[SPEAKER_00]: which has averaged about 10 to 12% annually over the last 50 years and you never added another dollar to it.
[SPEAKER_00]: You just kept a thousand dollars in it and just let it sit there for just 30 years.
[SPEAKER_00]: That $1,000 can become roughly $20,000 from one decision one time.
[SPEAKER_00]: Now, let's add $100 a month to that.
[SPEAKER_00]: Just $100 in 30 years, you have over $200,000.
[SPEAKER_00]: I'm not telling you this to make you feel behind.
[SPEAKER_00]: I'm telling you this because I want you to feel the weight of what this moment is.
[SPEAKER_00]: This $1,000 is not just $1,000.
[SPEAKER_00]: It is the beginning of a number that your grandchildren might benefit from.
[SPEAKER_00]: Now practically, where does it go?
[SPEAKER_00]: If you don't have a Roth IRA, that is your first investment account, open one.
[SPEAKER_00]: You can open one with a thousand dollars, the money grows, 100% tax-free.
[SPEAKER_00]: You can tribute after tax dollars now, and when you retire, when you get up age, you pay nothing on the growth.
[SPEAKER_00]: For someone in our community who was building from the ground up, the Roth IRA is one of the most powerful tools available to us currently.
[SPEAKER_00]: Inside that Roth IRA, I want you to keep it simple.
[SPEAKER_00]: A total market index fund or S&P 500 index fund, which is low fees, broad diversification, set it and just let it go.
[SPEAKER_00]: And here's the turn I need you to hear, I don't want to say this, the wealthy don't invest because they have extra money.
[SPEAKER_00]: They have extra money because they invested first, the order matters, pay yourself first, invest, invest before you spend and wash the relationship between you and your money
[SPEAKER_00]: And here's the last one, move number five.
[SPEAKER_00]: I told you, I've never broken this down on camera the way I'm going to do it right now.
[SPEAKER_00]: And I mean, I mean this one.
[SPEAKER_00]: Because this one means a lot to me.
[SPEAKER_00]: Because this is the season that I'm in.
[SPEAKER_00]: The first four moves are financial.
[SPEAKER_00]: This one is foundational.
[SPEAKER_00]: Because here's what I've learned after years of working with people, specifically in a black community.
[SPEAKER_00]: The people who keep the money grow the money and pass the money on are not the ones with the best financial plan.
[SPEAKER_00]: There are the ones with the clearest sense of why.
[SPEAKER_00]: Move five is your legacy declaration.
[SPEAKER_00]: I want you to pause this video and I want you to write down one sentence, just one.
[SPEAKER_00]: And that sentence answers this question.
[SPEAKER_00]: Who is this money for?
[SPEAKER_00]: Not what is it for?
[SPEAKER_00]: Who is it for?
[SPEAKER_00]: Because when you know who the discipline becomes different,
[SPEAKER_00]: the boundaries become easier and the sacrifices start to make sense.
[SPEAKER_00]: When you know that this $1,000 is not just for you, that it is the first brick and a foundation that your children or your nieces or your nephews or the next generation of your family is going to stand on, you're going to treat that $1,000 differently.
[SPEAKER_00]: You protect it differently.
[SPEAKER_00]: You grow it differently.
[SPEAKER_00]: Watch this.
[SPEAKER_00]: You even pray over it differently.
[SPEAKER_00]: When I finally wrote mine,
[SPEAKER_00]: I said, this money is not for me.
[SPEAKER_00]: It's for the version of my family that doesn't exist yet.
[SPEAKER_00]: The one that grows up knowing what wealth feels like, the one that doesn't have to start from zero.
[SPEAKER_00]: The one that gets a head start because I refuse to waste my money at tryouts.
[SPEAKER_00]: Some of y'all will keep that later.
[SPEAKER_00]: That declaration changed how I made every financial decision after it.
[SPEAKER_00]: So here's what I want you to do.
[SPEAKER_00]: Right now, in the comments below, right your declaration, one sentence.
[SPEAKER_00]: Who is your $1,000 for?
[SPEAKER_00]: And I'm gonna read them.
[SPEAKER_00]: I wanna see them, and I'm gonna pray over all of them.
[SPEAKER_00]: Because when you say it out loud, when you put it in writing, it becomes real and away that a budget never can.
[SPEAKER_00]: I wanna bring you back to where we start.
[SPEAKER_00]: The phone call I told you about, the family member who needed help, the $1,000 almost gave away.
[SPEAKER_00]: Here's what I did.
[SPEAKER_00]: I didn't give them all of it.
[SPEAKER_00]: I gave what I could give as a gift, not alone.
[SPEAKER_00]: And be completely, I can't say, and I was completely at peace with it.
[SPEAKER_00]: I gave $150, and I kept the rest.
[SPEAKER_00]: And I'll be honest with you, respectfully saying this.
[SPEAKER_00]: And if my family member is watching this, this is just my truth, this is not an attack.
[SPEAKER_00]: I never got the money back.
[SPEAKER_00]: And that's still my family member who I love, dearly.
[SPEAKER_00]: But if I'm being honest, I felt guilty about it for about two weeks.
[SPEAKER_00]: And then I watched that $850 grow.
[SPEAKER_00]: and I added to it and I made my first investment and I wrote my declaration and I started to understand that the guilt I felt was not wisdom.
[SPEAKER_00]: It was conditioning.
[SPEAKER_00]: It was a voice of this scarcity mindset that had been passed down through generations telling me that having something was somehow wrong.
[SPEAKER_00]: But it wasn't wrong.
[SPEAKER_00]: It was simply the beginning.
[SPEAKER_00]: And I want you to hear me on this, hear me clearly, because I mean every word I'm about to say.
[SPEAKER_00]: What you are doing right now, saving at $1,000 watching this video, trying to figure out how to do this, right?
[SPEAKER_00]: It is not a small thing.
[SPEAKER_00]: It is a generation thing.
[SPEAKER_00]: You are making a decision that your great-great-grandchildren will feel.
[SPEAKER_00]: You may never get the credit for it.
[SPEAKER_00]: There'll be honest with you.
[SPEAKER_00]: You may never even see the full fruit of it, but it is real, and it matters.
[SPEAKER_00]: And I'm proud of you for being here today.
[SPEAKER_00]: These are five moves that I need you to start today.
[SPEAKER_00]: He's a five moves that I talk about, I even go to them, I even go into them and more detail on my brand new book, Stop Live in Pages of the Patriots, coming out in the next couple of months and August.
[SPEAKER_00]: So two things.
[SPEAKER_00]: If you're ready to change your financial tree, visit anthonylo.com for slash book and get a copy of Stop Live in Pages of the Patriots.
[SPEAKER_00]: And number two, share this with two of your friends and two family members.
[SPEAKER_00]: I'm ready to see us change and be impactful because a thousand dollars is just the beginning.
[SPEAKER_00]: And I want to walk with you through every step of what's coming next.
[SPEAKER_00]: So get that book, share it as video, and let's change our community.
[SPEAKER_00]: One family, one person, one individual at a time.
[SPEAKER_00]: I think my 15 minutes are up.
[SPEAKER_00]: I'll see you in the next show.
[SPEAKER_00]: Peace out.